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Sonic R. System

  • #35,661
  • May 30, 2012 10:39pm May 30, 2012 10:39pm
In daily chart it barely break. just carefull with long.
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Money Management and Patience is the Key
  • #35,662
  • May 30, 2012 10:54pm May 30, 2012 10:54pm
Quoting scuderia
In daily chart it barely break. just carefull with long.
Not careful but rather long here is catching the falling knife. Could be the turning point but it's just too risky. Yesterday printed a bearish candle, close on its low on downtrend on a moderate volume. What more needed to require for a down trend?

Go long here, the chance of getting stopout is too big, it may not mean a lot financially but having a loss make us frustrated, we start to loose faith, question ourself, and worse thing is start to make revenge trades..
  • #35,663
  • May 30, 2012 11:13pm May 30, 2012 11:13pm
Quoting duyk20
Not careful but rather long here is catching the falling knife. Could be the turning point but it's just too risky. Yesterday printed a bearish candle, close on its low on downtrend on a moderate volume. What more needed to require for a down trend?

Go long here, the chance of getting stopout is too big, it may not mean a lot financially but having a loss make us frustrated, we start to loose faith, question ourself, and worse thing is start to make revenge trades..
yup going long is very catching right now. since it makes GBP over sold. but still the forecast news is pro on USD. i think it will be another free fall for GU and EU
Money Management and Patience is the Key
  • #35,664
  • May 30, 2012 11:24pm May 30, 2012 11:24pm
Short USD/CHF open targets tight stops
Attached Image(s) (click to enlarge)
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  • #35,665
  • May 30, 2012 11:38pm May 30, 2012 11:38pm
Quoting scuderia
yup going long is very catching right now. since it makes GBP over sold. but still the forecast news is pro on USD. i think it will be another free fall for GU and EU
Hi Scuderia. You have mentioned more than once now that the forcast news is pro on USD. When the releases come out, it won't be "news" if everyone already knows it. So, we might be a little suspicious that what is passed about right now as the "forecast news" might actually be the BS the market wants traders to believe so they can get walloped later. Also, since when is the market duty bound to move prices according to releases? It might, and it might not. And even if it does, it might only be a fake, countered by a much bigger opposite move later.

The simple matter of it is, one should not swallow unchallenged anything they hear (especially in advance), and only believe half of what they see. Heck, for all we know the market might by now have already "built in" all the "great news" and will kill the USD after the releases on the basis that the news was only "good, not great".

Nobody knows what the market will decide to do about prices, or when. And all the BS from talking heads beforehand is usually just a bunch of BS for the masses because there is no edict that mandates the market follow that BS like a trained puppy.
  • #35,666
  • May 30, 2012 11:45pm May 30, 2012 11:45pm
Quoting traderathome
Hi Scuderia. You have mentioned more than once now that the forcast news is pro on USD. When the releases come out, it won't be "news" if everyone already knows it. So, we might be a little suspicious that what is passed about right now as the "forecast news" might actually be the BS the market wants traders to believe so they can get walloped later. Also, since when is the market duty bound to move prices according to releases? It might, and it might not. And even if it does, it might only be a fake, countered by a much bigger opposite move...
Agreed on all points
  • #35,667
  • May 31, 2012 12:19am May 31, 2012 12:19am
UCad:

New short entered (EP= 1.0287).
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  • #35,668
  • May 31, 2012 1:53am May 31, 2012 1:53am
Quoting traderathome
Hi Scuderia. You have mentioned more than once now that the forcast news is pro on USD. When the releases come out, it won't be "news" if everyone already knows it. So, we might be a little suspicious that what is passed about right now as the "forecast news" might actually be the BS the market wants traders to believe so they can get walloped later. Also, since when is the market duty bound to move prices according to releases? It might, and it might not. And even if it does, it might only be a fake, countered by a much bigger opposite move...
It is true that we do not know what the market wants. but with both sonic setup and the news to support it, I think it will make a stronger signal when and where we should op or close the trade.
Money Management and Patience is the Key
  • #35,669
  • May 31, 2012 2:10am May 31, 2012 2:10am
Is there a possibility for long today on EURUSD.
  • #35,670
  • Edited 2:45am May 31, 2012 2:23am | Edited 2:45am
Quoting jasakreatif
keep trying beibeeh..
eur 10pips sl bet

i'm bored to see football comentatory ,,
tp hit +40pips odd hit

back to sonicr trend for another setup

http://img.hexus.net/v2/lifestyle/misc/hulk-scream.jpg
http://www.forexfactory.com/attachme...9&d=1338431271
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  • #35,671
  • May 31, 2012 2:51am May 31, 2012 2:51am
getting exiting.. follow 30m 1h dragon trend
eur short 10pips sl open
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  • #35,672
  • May 31, 2012 3:05am May 31, 2012 3:05am
Quoting jasakreatif
getting exiting.. follow 30m 1h dragon trend
eur short 10pips sl open
close manually 5pips , wait below 15m dragon and sexy candle formation
  • #35,673
  • May 31, 2012 3:28am May 31, 2012 3:28am
Something im looking at
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  • #35,674
  • May 31, 2012 3:51am May 31, 2012 3:51am
Quoting andyvxr
Something im looking at
i'm waiting volume candle in 'red circle' , i tried volume candle in 'blue circle' not success yesterday maybe not on right wave formation
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  • #35,675
  • May 31, 2012 4:15am May 31, 2012 4:15am
Dont think this is valid now as wave count wrong

Quoting andyvxr
Something im looking at
  • #35,676
  • May 31, 2012 5:13am May 31, 2012 5:13am
Quoting worldfreedom
Short USD/CHF open targets tight stops
I have closed my USD/CHF stopped out in profit.
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  • #35,677
  • May 31, 2012 6:07am May 31, 2012 6:07am
its a classic long setup i think.., but i got problem to set SL it could be 30p and 50p , trend still bearish on m30 and h1 and impact news in 1 hour
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  • #35,678
  • May 31, 2012 6:26am May 31, 2012 6:26am
Careful tho as the volume doesnt support longs on euro crosses. thats why im waiting for sonic short setups


Quoting jasakreatif
its a classic long setup i think.., but i got problem to set SL it could be 30p and 50p , trend still bearish on m30 and h1 and impact news in 1 hour
  • #35,679
  • Edited 7:08am May 31, 2012 6:55am | Edited 7:08am
EU:

Possible senario. Against the advertised odds,.....but just a typical 150ish pip swing.
(Same pattern on GU. Check it out on your M15 chart.)
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  • #35,680
  • May 31, 2012 7:04am May 31, 2012 7:04am
The trend is your friend - I'm still on the look out for some decent short set ups in the majors.
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