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Sonic R. System

  • #60,021
  • Sep 25, 2013 5:45am Sep 25, 2013 5:45am
EURUSD: put two shorts...lets see how it goes.
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  • #60,022
  • Sep 25, 2013 6:13am Sep 25, 2013 6:13am
I also want to note this... If your scalping with a regular account with FXCM don't cause there spread is higher then snoop dog!
Creditors have better memories than debtors.
  • #60,023
  • Sep 25, 2013 6:22am Sep 25, 2013 6:22am
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Big News in an hour time..

Sonic
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  • #60,024
  • Sep 25, 2013 6:26am Sep 25, 2013 6:26am
EJ

From what I see in the 15min chart is that the high volume kicks in below the whole number once it hits the support area marked in blue.

I am short in this but I can see the MMs being bullish.

TAH and sonic, what do you guys think?
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  • #60,025
  • Sep 25, 2013 6:28am Sep 25, 2013 6:28am
Quoting traderathome
{quote} UChf Comment There, a decent EP opportunity,......and note the increased volume as the bull MMs spike the price back down so they can go long at lower prices. {image}
UChf Comment

So, instead of a breakout, the price was once again pushed back down. And once again, higher activity at the various lows attained. Not ready for the break up yet. Meanwhile, since the lows are coveted and since that is where the higher trading levels occur, the market is bullishly building long positions. They do not make profits of any substance on these increasing sized long positions until the MMs break the price upwards. That is an inevitability if they are building longs. And that the MMs are building longs sure seems to be the case.
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  • #60,026
  • Edited 6:42am Sep 25, 2013 6:32am | Edited 6:42am
Quoting marvas
EJ From what I see in the 15min chart is that the high volume kicks in below the whole number once it hits the support area marked in blue. I am short in this but I can see the MMs being bullish. TAH and sonic, what do you guys think? {image}
I just posted on this a bit over an hour ago! Are you not reading the posts? And now this is a fresh Classic long setup. Who knows how far it will go before they resume shorting? Or, will they be shorting all the way to whatever highs they can get so long as the longs are being sufficiently suckered in? As I previously said, this is a Classic long counter trend opportunity, and be aware the bears are in the background running the show.
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  • #60,027
  • Sep 25, 2013 6:39am Sep 25, 2013 6:39am
Quoting traderathome
{quote} I just posted on this a bit over an hour ago! Are you not reading the posts?
Oooops missed out on that one. Thanks
  • #60,028
  • Sep 25, 2013 6:41am Sep 25, 2013 6:41am
Only very limited trading from me this morning as monitor sitting was beyond me. One UJ short and one GJ short trade each 10 pipppers plus one early badly timed UJ short trade which I decided to exit as I wanted to perfect the entry point. Practice is important and whilst I could have left it and simply eneterred a second position at the correct point I like a clean sheet even at the cost of a small loss. So less than 20 pips in total but in about one hour so OK. As a mental exercise I reviewed what I could have done in UJ and how three dragons, support and resistance and volumes interact to give us the clues we need (especially for thicko's like me). There are plenty of other clues available. Where fibo levels start to bunch up is always a likely S&R area. A good exercise is to draw in all fibos for the different timeframes then delete any indivdual fibos that are not grouped or with other S&R levels. Surprising how often they will be bunched. All this is covered in other threads but is pertyinent to the fibo squabble from earlier. Fibs are important so if not in your arsenal then go read. Back to this thread and Volume and S&R levels... The key I think is to watch for higher volume THEN WATCH WHAT PRICE DOES AFTER THAT. This is especially true if price has been ranging, but it must not be used in isolation, it must be used in conjunction with the PA, ie the overall trend! Anyway here is my morning scribble. The only one I took is highlighted in yellow. The next hour will hopefully yield some more sitters...

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Islander - thanks for alarm, will play with it outside trade hours.
Katte, kabuto no o wo shime yo. Size doesn't matter, leverage is the killer
  • #60,029
  • Sep 25, 2013 6:45am Sep 25, 2013 6:45am
Quoting marvas
EJ From what I see in the 15min chart is that the high volume kicks in below the whole number once it hits the support area marked in blue. I am short in this but I can see the MMs being bullish. TAH and sonic, what do you guys think? {image}

I am with BULL as long as 132.7x hold..

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Sonic
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  • #60,030
  • Sep 25, 2013 6:57am Sep 25, 2013 6:57am
Go read this fellas..

http://en.wikipedia.org/wiki/Value_at_risk


Sonic
  • #60,031
  • Sep 25, 2013 7:03am Sep 25, 2013 7:03am
Quoting sonicdeejay
Go read this fellas.. http://en.wikipedia.org/wiki/Value_at_risk Sonic
Too unintelligible for me I like to keep the things simple
Whatever is obvious is obviously wrong!"
  • #60,032
  • Sep 25, 2013 7:04am Sep 25, 2013 7:04am
Quoting sonicdeejay
Go read this fellas.. http://en.wikipedia.org/wiki/Value_at_risk Sonic
Gee, do you want to spend time trying to compute the VaR of every trade you make, even though many might only last for a short while? Be my guest. Seems totally inappropriate for what we do here.
  • #60,033
  • Sep 25, 2013 7:05am Sep 25, 2013 7:05am
Quoting loeil
{quote} Too unintelligible for me I like to keep the things simple

Well.. the choice is urs..

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Sonic
  • #60,034
  • Sep 25, 2013 7:09am Sep 25, 2013 7:09am
Quoting sonicdeejay
{quote} Well.. the choice is urs.. {image} Sonic
I think we need to hold those scary faces for MMs then maybe there is possible that some downtrend will begin soon..
Whatever is obvious is obviously wrong!"
  • #60,035
  • Sep 25, 2013 7:12am Sep 25, 2013 7:12am
Quoting sonicdeejay
{quote} Well.. the choice is urs.. {image} Sonic
Bruce Lee Laugh equals priceless... I wanna walk in a bank and show them this as i try to setup an account.
Creditors have better memories than debtors.
  • #60,036
  • Sep 25, 2013 7:17am Sep 25, 2013 7:17am
Quoting sonicdeejay
{quote} Well.. the choice is urs.. {image} Sonic
Sonic,

You brought it up. I have no idea how to apply it to what we do, nor the value of doing so. Do you? If you do, would you like to explain?

-tah
  • #60,037
  • Sep 25, 2013 7:21am Sep 25, 2013 7:21am
Quoting traderathome
{quote} Sonic, You brought it up. I have no idea how to apply it to what we do. Do you? If you do, would you like to explain how to? -tah

Ser TAH,,,

I am just thinking out loud n reading... learning just never stop for me...


Sonic
  • #60,038
  • Sep 25, 2013 7:29am Sep 25, 2013 7:29am
May be time for more shorts on GU 161.8 up swing complete. And now sellers coming in.
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  • #60,039
  • Sep 25, 2013 7:40am Sep 25, 2013 7:40am
Quoting sonicdeejay
{quote} Ser TAH,,, I am just thinking out loud n reading... learning just never stop for me... Sonic
Sonic,

That is well and good. But the subject of VaR isn't one you can just read thru and then know it! It is complex. Furthermore, just reading a description of it, it seems totally inappropriate to the sort of trading we do, where substance, content and quantity is constantly changing. You said we should read it. Maybe it is just me, but I quickly browsed it and threw my hands up in disgust. I agree with loeil. KISS.
  • #60,040
  • Sep 25, 2013 7:44am Sep 25, 2013 7:44am
Quoting traderathome
{quote} Sonic, That is well and good. But the subject of VaR isn't one you can just read thru and then know it! It is complex. Furthermore, just reading a description of it, it seems totally inappropriate to the sort of trading we do, where substance, content and quantity is constantly changing. You said we should read it. Maybe it is just me, but I quickly browsed it and threw my hands up in disgust.
Chill Sir,

Sonic
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