AUDUSD short
EP 1.0411
SL 1.0432
TP 1.0385 but watching trend line carefully. If it bounces off I'm quickly out at break even
EP 1.0411
SL 1.0432
TP 1.0385 but watching trend line carefully. If it bounces off I'm quickly out at break even
The System Behind the System, by Merlin Jeffries 16 replies
Sonic R.evolution 93 replies
Old School Sonic System + Other Things 11 replies
Knife system, Vegas 4h system related questions. 4 replies
Would you trade this system? New system #2. 10 replies
DislikedIf it starts dropping, my nearest TP has been 1.0276 area. But, if I were looking for something within the day range, it would be around 1.0369, and figuring it to go a bit lower but this would be conservative and less likely to miss the exit.
And, do I mean what? That I'd like to see it go back up before it starts a short setup? Yes, most definately. If the market thinks well of the profits to be made on a substantial run down, then it is more inclined to spike the price up again first, if it can get away with doing so (and when has it ever been...Ignored
DislikedUCad: Entered trade #2 short, per attached. SL remains mental. Same TP1.Ignored
DislikedUCad: M5 long entry. Have two other trades running on this. This one will be shown later on the same chart as the others when the trades are all closed.Ignored
DislikedHey guys, just wanted to thank all the contributors and especially TAH for sharing their insights and SonicR trades. This information has been extremely conducive to my learning and understanding of the forex market. I am a new trader and after looking through many of the successful systems on FF, have settled on the Sonic R System.
"To start with the Sonic R. System, read all of Post #1 and the linked material. Read the first 25-50 of Sonicdeejay's posts. Read at least the last month of all posts. Please do not ask any questions for the first...Ignored
DislikedThanks for those comments TAH.. Have you added to your AU position today? or you waiting for a better set up?Ignored
DislikedHaha, must be a big position then I only ask because it looks like such a pretty short! I can't imagine all the shorts on the other currencies past few days are just gonna watch the aussie sit up here and extremely overbought levels.
NZD took it on the chin a bit harder past couple days. Now it's mr AUD's turn IMO. Looking for this market to drop 200 points. Whatever excuse traders have to smash it down (economic news, whatever) will be used, not that any news needs to come out for it to happen It'll happen either way if it's in the cards....Ignored
DislikedNot sure what H&S experts would say about this. Maybe jayjonbeach might comment. Is it? Is neckline positioned correctly? Anyway, even if "no" to both, it might still suffice as a general measurement of what could be for this last day of the week. A run down that is perhaps just a bit better than the average range. Such a day is overdue.Ignored
DislikedEU: Entered long. This is a CT trade opened before LS. Both add risk. TP1 is tentative, because anywhere between 1.2775 to somewhere above the 1.2800 whole number could be where a move up meets heavy shorting again. SL is mental. I believed the asian session might take the price down before any move up, but I am not sure this is the lowest it will be taken before a move up. And I still feel that any move up will be just to attain higher ground for continued building of shorts by the market, maybe on into next week.Ignored
DislikedAUDUSD short
EP 1.0411
SL 1.0432
TP 1.0385 but watching trend line carefully. If it bounces off I'm quickly out at break evenIgnored
DislikedEU Comment:
This is speculative, but it seems to me logical that since the market has become more bearish EU, and more bullish USD in general, that the next substantial move will be down. It also occurs to me that increases the likelyhood of the price being maneuvered up beforehand, so the big players can add shorts at higher prices and raise the average of their short positions overall. If a move up happens, there are two likely areas it may move up to; the top of the range shown in the attached picture, and the upper whole number area...Ignored
DislikedIgnored