Sonic R. System

Hello Tah,what do you think about aud/usd short opportunity?

Doncex, it is ranging. In several hours there will be a high impact AUD release, possibly a catalyst for a move. But the last of the US traders drove price down...maybe they expect the release to trigger a move up?

Then tomorrow, several USD releases, two of which are high impact....then a move back down?

Who knows! Let the market decide.

Thanks for comment Tah,ok Let the market decide
Im going to sleep now,until next day

I took this FE.
I am not sure if i may survive with SL.
TAH any comment?

EJ:

Dksolo, this is ranging, quite apparent on H4. But from Weekly, we suspect more downside (inverted cup & handle, remember?). There is high impact EUR release in about 10.5 hours, which may trigger a move. If the move is to be down, then price might be worked up beforehand, and your SL triggered. If the move is to be up, then price might just stay relatively flat 'til then, with maybe a downside move beforehand. But then the triggered move up will also trigger your SL.

There is no way to predict this. I have been speculating on the higher probability of downside action, due to the Weekly formation, and have felt more comfortable with shorts. But the PPMs can always do a whopping pump in advance of a downside move.

If you believe in your short trade, but have a tight SL, you could be taken out, and later see the downside move. So, you could widen your SL, or remove it. If you don't believe in your short trade, exit with as minimal a loss as possible and wait for another and better setup. Just an opinion, but I have been trading w/o SL recently. But also trading very light.

Price is approaching an important S/R line @ 112.736, if it breaks we can expect a good down move.
But most importantly trade what you see, not what you expect.

The was just an entry on this last candle, GU 30 minute.

EJ Short Trades:

1. New TP for original trade (1st pic).
2. Added to second trade. Avg. EP 113.02 and TP set at 111.98, for 100 pips profit (2nd pic).

This could turn out to be a very good downside play, TradeWell. It has been ranging for some time now, while EU has been dropping. Time to play "catch-up". Today there are several high impact releases affecting this pair, so the session should be interesting.

My TPs are tentative because any day that it starts to drop good could turn out to be a range breaking day!

Price has pulled back a bit above EP, so we have a good 2nd opportunity for entry, per pic.

Edit: Entered short at 1.3061 with TP at 1.3499 (2nd chart).
Edit: Added at 1.3619. EP avg is 1.3610, and changed TP (updated 2nd chart).

AUDUSD Possible short?
H1, H4 timeframes are also short.

After yestarday we have also lack of volume today.
Trades are going nowhere. TPs with no confidence.

bearish channel

TP reached. Trade closed with 110 pips profit.

Price has finally started dropping. Letting the trade run. Profit is 240ish pips so far....

that was wonderful TAH ! I managed to earn 100 from this short, but you have it from yesterday wish some day I have such patience as you..

I had it from yesterday? Are you kidding? This trade was a short from three weeks back. It promptly went in the wrong direction. Instead of closing it, I added multilple times as the price made swings against me. Heck, my first short EP was 1.5729! I've built the size of the trade since then. When it topped 1.6000 I started to smell blood and was more liberal with adding. So, while it now comes profitable, it was a rocky road.

The attached chart is from post #14887 on page 993, when the trade started.

We had another retrace with good volume this time. I did not add more.
TP1 and TP2 reached.

Closed this 2nd running short trade at 112.38, for 60 pips profit. My original/1st short trade is still running.

I closed this one manually.
Thank you TAH for SL hint.