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Sonic R. System

  • #38,641
  • Aug 14, 2012 7:47pm Aug 14, 2012 7:47pm
Heads up!
Attached Image (click to enlarge)
Click to Enlarge Name: audusdm15.jpg Size: 136 KB
"The more I practice the luckier I get." Gary Player
  • #38,642
  • Aug 14, 2012 8:15pm Aug 14, 2012 8:15pm
Quoting Grins
Heads up!
Thanks Grins!

It's advisable to wait the break of the new low to enter or it's just enough a close below the dragon? (just to be sure if I got the rules right... kind of a newbie here )

Regards
brax64
  • #38,643
  • Aug 14, 2012 8:28pm Aug 14, 2012 8:28pm
This will make you feel better, crank it up!

Inserted Video
"The more I practice the luckier I get." Gary Player
  • #38,644
  • Aug 14, 2012 8:38pm Aug 14, 2012 8:38pm
Quoting brax64
Thanks Grins!

It's advisable to wait the break of the new low to enter or it's just enough a close below the dragon? (just to be sure if I got the rules right... kind of a newbie here )

Regards
Rules state, let a 15 minute candle close below the dragon, set your entry a few pips below that.

They be good rules...,
"The more I practice the luckier I get." Gary Player
  • #38,645
  • Aug 14, 2012 9:07pm Aug 14, 2012 9:07pm
Quoting Grins
TAH, you'll love this!

I hope no one was long usdcad with tight stops using FXCM as a broker.

Fact or fiction? You decide, I think it was a broker stop run.
Fact, not fiction. And did you see the previous pair of spikes down.....?

But, instead of complaining, maybe we should all be watching FXCM's ticker for pointers to future PA direction!
Attached Image (click to enlarge)
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  • #38,646
  • Aug 14, 2012 9:16pm Aug 14, 2012 9:16pm
Quoting traderathome
Fact, not fiction. And did you see the previous pair of spikes down.....?

But, instead of complaining, maybe we should all be watching FXCM's ticker for pointers to future PA direction!
Oh c'mon..., there is no way FXCM could be clearing out weak longs..., could they??

LMFAO
"The more I practice the luckier I get." Gary Player
  • #38,647
  • Aug 14, 2012 9:33pm Aug 14, 2012 9:33pm
If you're here and watching..., my eyes are fixed on usdcad, if it breaks higher I'll sell audusd. eurusd is still stuck, I'm watching it closely for direction.

It's all about flows into US dollars at this point, risk on, risk off..., euraud points to risk off..., I'm all about correlations.
"The more I practice the luckier I get." Gary Player
  • #38,648
  • Aug 14, 2012 10:10pm Aug 14, 2012 10:10pm
See Chart

Early session setup
Attached Image (click to enlarge)
Click to Enlarge Name: 8-14-2012 GU.jpg Size: 234 KB
  • #38,649
  • Aug 14, 2012 10:20pm Aug 14, 2012 10:20pm
Today is rollup so capital under normal conditions will flow into high yielding currencies until the close of NY. So many larger investors attempt to buy the dips or lows and hold until Triple interest payout. This way they get both benefits of the move both pips and interest. So in short be careful shorting high yielding currencies as they can surprise to the upside.
  • #38,650
  • Aug 14, 2012 11:35pm Aug 14, 2012 11:35pm
Quoting worldfreedom
Today is rollup so capital under normal conditions will flow into high yielding currencies until the close of NY. So many larger investors attempt to buy the dips or lows and hold until Triple interest payout. This way they get both benefits of the move both pips and interest. So in short be careful shorting high yielding currencies as they can surprise to the upside.
Hi Worldfreedom,

How do you know this is happening?

Cheers

Steve
  • #38,651
  • Aug 15, 2012 12:15am Aug 15, 2012 12:15am
Quoting stevepatt
Hi Worldfreedom,

How do you know this is happening?

Cheers

Steve
There are 8 major pairs. AJ NJ GJ EJ AU NU GU EU. The rollup begins on Tuesday at around 6pm PST. The logic behind this is that as each market closes and they settle they will pay or receive triple or more interest for that pair. The high yielding pairs are most influenced by this. Typically the eight majors will end higher by 10am during the NY session. The best way to tell if rollup is happening is if more than 6 of the 8 are trading above the 34ema also known as the Dragon.
  • #38,652
  • Edited 12:56am Aug 15, 2012 12:27am | Edited 12:56am
Expecting 40 pips

____________________


Closed at SL -15
Attached Image (click to enlarge)
Click to Enlarge Name: eurusd.gif Size: 83 KB
There is no spoon....
  • #38,653
  • Aug 15, 2012 12:46am Aug 15, 2012 12:46am
Quoting worldfreedom
See Chart

Early session setup
Moved stop loss to last swing high. See Chart:
Attached Image (click to enlarge)
Click to Enlarge Name: 8-15-2012 GU updated.jpg Size: 239 KB
  • #38,654
  • Aug 15, 2012 12:46am Aug 15, 2012 12:46am
Quoting worldfreedom
There are 8 major pairs. AJ NJ GJ EJ AU NU GU EU. The rollup begins on Tuesday at around 6pm PST. The logic behind this is that as each market closes and they settle they will pay or receive triple or more interest for that pair. The high yielding pairs are most influenced by this. Typically the eight majors will end higher by 10am during the NY session. The best way to tell if rollup is happening is if more than 6 of the 8 are trading above the 34ema also known as the Dragon.
I think I'll stick to trading what I see happening in terms of PA. In short all I'm looking for is an impulsive move followed by a corrective move that hits some sort of supply/demand, support/resistance or RN and then look for the PA to take a trade in the direction of the impulsive move.

The best approach to trading,for me, is to stick to what I understand and can see happening in front of me on the charts and not worry about something I don't understand.

Thanks for the explanation.

Cheers

Steve
  • #38,655
  • Edited 1:46am Aug 15, 2012 1:03am | Edited 1:46am
EU M15
Possibility to drop like this?
We'll see...
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Update: And now lightning edge performed
Attached Image(s) (click to enlarge)
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fooled by randomness in art
Meditation All Time Return: 8.9%
  • #38,656
  • Aug 15, 2012 1:43am Aug 15, 2012 1:43am
Agree with u.... SELL STOP : 2315. SL : 2347...TP1 : 30 pips. TP2: 60 pips
  • #38,657
  • Aug 15, 2012 2:22am Aug 15, 2012 2:22am
Have a pending set at 1.019 with TP 1.015 and SL 1.022
Attached Image (click to enlarge)
Click to Enlarge Name: audchf 15 08.jpg Size: 143 KB
Some people say I'm lucky, but the more I practice the luckier I get
  • #38,658
  • Edited 6:31am Aug 15, 2012 3:10am | Edited 6:31am
EU M15
Enter short near 1.2325
Sl 1.2342
Will use trail stop to lock "if profit"...
Trail stop after candle closed below quarters zone...
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Move SL to 1.2300
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Set Final target 1.2225
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Closed manually at 1.2275
Support so strong!
And I am really tired today almost 9 PM here...
Gain +48 pips EU
Gain +27 pips UChf (the spike killed this trade at 0.9775)
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Attached Image(s) (click to enlarge)
Click to Enlarge Name: 15 august 2012.jpg Size: 172 KB
Click to Enlarge Name: 15 august 2012 Plan.jpg Size: 182 KB
fooled by randomness in art
Meditation All Time Return: 8.9%
  • #38,659
  • Aug 15, 2012 3:21am Aug 15, 2012 3:21am
Quoting RoelsMajor
EU M15
Enter short near 1.2325
Sl 1.2342
Will use trail stop to lock "if profit"...
Trail stop after candle closed below quarters zone...
---------------------------------------------------
Move SL to 1.2300
I wait to go below the low price. Until then enter.
Attached Image (click to enlarge)
Click to Enlarge Name: eu15.8..gif Size: 45 KB
  • #38,660
  • Aug 15, 2012 3:26am Aug 15, 2012 3:26am
i love to see eur move today, you know feel great.. like drink coktail scotch whisky 1904
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