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Sonic R. System

  • #18,601
  • Mar 23, 2011 6:37am Mar 23, 2011 6:37am
I hate that. EU has been pumped to high, SL hit, and than sudden drop down.
  • #18,602
  • Edited 7:01am Mar 23, 2011 6:48am | Edited 7:01am
Quoting kimis
I hate that. EU has been pumped to high, SL hit, and than sudden drop down.
Yeah. These PPMs/Central Piggy Banks are NOT nice people! However, since yesterday, the overall sequence of HLs has been down. But that does not preclude pullbacks.

But, if a long setup might occur, one might also be suspect of it. Sometimes such pullbacks (up, in this case) are countertrend tradeable for 25-40 pips. Here, the central pivot/previous SR area limited the move.

As Sonic recommends (next post below), the short trade on this might best have had a SL set well above previous highs. The RgH/RgL targets are sometimes useful to set the SL beyond, when you want the breathing room Sonic suggests.
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  • #18,603
  • Mar 23, 2011 6:51am Mar 23, 2011 6:51am
Quoting kimis
I hate that. EU has been pumped to high, SL hit, and than sudden drop down.
SL must be too tight..
Let it breath..

Sonic
  • #18,604
  • Mar 23, 2011 7:04am Mar 23, 2011 7:04am
It was right above daily central pivot, just 4 pip lower of spike top
  • #18,605
  • Mar 23, 2011 7:04am Mar 23, 2011 7:04am
Quoting pipphunter
Entered EU long as attached, stop 1.4140, TP not set..will closely monitor it.
Stop hit..-59pips, this beast is mad today....give no chance to safe the trade....
seeing through
  • #18,606
  • Mar 23, 2011 7:10am Mar 23, 2011 7:10am
Quoting pipphunter
Stop hit..-59pips, this beast is mad today....give no chance to safe the trade....
Previous significant highs/lows are good to consider when trying to decide on where to place a SL. An example is shown in the pic.
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  • #18,607
  • Mar 23, 2011 7:13am Mar 23, 2011 7:13am
Quoting pipphunter
Stop hit..-59pips, this beast is mad today....give no chance to safe the trade....
I gonna get one of this on my desk...use it when finger itchy...rather jump in bad trade...
Attached Image
seeing through
  • #18,608
  • Mar 23, 2011 7:19am Mar 23, 2011 7:19am
Quoting pipphunter
Stop hit..-59pips, this beast is mad today....give no chance to safe the trade....
what TF did you use? i use 15minutes when the PA makes higher high my buy stop filled @ 1.4201 the last higher low is @ 1.4173 so i put my stop loss @1.4171 and TP @ 1.4232 but the SL got hit anyway.... -30pip

is there any reason to put SL lower than 1.4170 .... im sorry but im still newbie here and i want to learn more ......
  • #18,609
  • Mar 23, 2011 7:22am Mar 23, 2011 7:22am
Quoting pipphunter
I gonna get one of this on my desk...use it when finger itchy...rather jump in bad trade...
lol. Nobody here trades AUD/USD? I haven't seen any charts lately
  • #18,610
  • Mar 23, 2011 7:30am Mar 23, 2011 7:30am
Quoting Sumeet Malik
lol. Nobody here trades AUD/USD? I haven't seen any charts lately
Ahhhhh, which way would you suggest we trade it?
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  • #18,611
  • Mar 23, 2011 7:35am Mar 23, 2011 7:35am
Quoting traderathome
Ahhhhh, which way would you suggest we trade it?
You kill me
"Being picky only cost your time - not MONEY"...Hans
  • #18,612
  • Mar 23, 2011 7:41am Mar 23, 2011 7:41am
USD/CHF goin to north???
  • #18,613
  • Mar 23, 2011 7:47am Mar 23, 2011 7:47am
Quoting adianto
USD/CHF goin to north???
UChf:

It sure looks that way. The PPMs kicked it down and have been heavily trading at their ill-gotten lows. So, I guess that means they plan later to drive it hard and high. We'll just have to wait and see.
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  • #18,614
  • Mar 23, 2011 7:48am Mar 23, 2011 7:48am
Quoting nando_rich
You kill me
rofl...hahaha...I am sure you will keep an eye on it if it moves TAH
  • #18,615
  • Edited 8:06am Mar 23, 2011 7:56am | Edited 8:06am
GU:

This has lost 40% of the previous 4 days of gains, in less than 4 hours! Of course, that does not mean EU and EJ have to fall, because we already know what the PPMs like to do with the euro.....come rain, come shine, it is PUMP ALL THE TIME!
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  • #18,616
  • Mar 23, 2011 8:31am Mar 23, 2011 8:31am
UChf:

This is one of the clearest pictures of price manipulation by the Professional Price Manipulators. And to think.....that the SLs traders set on their longs were the stepping stones down that the PPMs used. It is no wonder that encouraging words to set SLs with your broker are found everywhere in forex market literature.
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  • #18,617
  • Mar 23, 2011 8:45am Mar 23, 2011 8:45am
Quoting enigma4x
yes baby - I´m a loser baby

http://www.metacafe.com/watch/1513185/beck_loser/

Attachment



Cut your losses short and let your profits run

enigma4x
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i try it

enigma4x
enjoy my life ... and ride the waves - all what I do
  • #18,618
  • Mar 23, 2011 8:55am Mar 23, 2011 8:55am
UChf:

Now that the PPM's cards are on the table, should they kick PA down a bit at some point, a good entry long could be had.
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  • #18,619
  • Mar 23, 2011 8:56am Mar 23, 2011 8:56am
Quoting enigma4x
Attachment

i try it

enigma4x
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enigma4x
enjoy my life ... and ride the waves - all what I do
  • #18,620
  • Mar 23, 2011 8:57am Mar 23, 2011 8:57am
UCad:

PA is in EP zone.
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