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Sonic R. System

  • #45,601
  • Apr 2, 2013 4:00am Apr 2, 2013 4:00am
enterd again long Eu 2840
TGT 2925
no SL
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  • #45,602
  • Apr 2, 2013 4:17am Apr 2, 2013 4:17am
It is good to have a bias but..

It is below dragon.. so trade it like scout..

Sonic
  • #45,603
  • Apr 2, 2013 4:22am Apr 2, 2013 4:22am
Some pips taken already today. Little shamed about taking profits this early, but counter trend trades on higher time frames scare me
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I know the secret...
  • #45,604
  • Apr 2, 2013 4:43am Apr 2, 2013 4:43am
Looking to send a long scout.. 1.284x area..

Sonic
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  • #45,605
  • Apr 2, 2013 6:04am Apr 2, 2013 6:04am
Do I look it right or I miss something, but I see possibility for short ???
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Whatever is obvious is obviously wrong!"
  • #45,606
  • Apr 2, 2013 6:51am Apr 2, 2013 6:51am
Quoting loeil
Do I look it right or I miss something, but I see possibility for short ???
as for me it looks ok, but I'd wait until price pass 1.28250 S/R (not to mention Sonic waiting for long, what scares me off from taking that short trade haha)
  • #45,607
  • Apr 2, 2013 6:58am Apr 2, 2013 6:58am
Quoting artx
as for me it looks ok, but I'd wait until price pass 1.28250 S/R (not to mention Sonic waiting for long, what scares me off from taking that short trade haha)
Yes, you are right, I missed something .. I missed S/R area
Whatever is obvious is obviously wrong!"
  • #45,608
  • Apr 2, 2013 7:13am Apr 2, 2013 7:13am
Quoting loeil
Yes, you are right, I missed something .. I missed S/R area

There is a triangle. One way or the other it is going to break.
  • #45,609
  • Apr 2, 2013 8:42am Apr 2, 2013 8:42am
Quoting alkenany
enterd again long Eu 2840 TGT 2925 no SL {image}
added one more long @ 2815 based on H1 TF
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  • #45,610
  • Apr 2, 2013 8:53am Apr 2, 2013 8:53am
Quoting alkenany
added one more long @ 2815 based on H1 TF
I'm completely on the opposite site, but only Market knows who is right



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  • #45,611
  • Apr 2, 2013 9:03am Apr 2, 2013 9:03am
EU Market Comment:

To me, the bull swing is still in play. Even with the MMs temporarily playing to USD strength, it is more like they are doing so to build larger positions for progression in the opposite direction longer term. EU continues to exhibit higher HLs on H4. The EU week might finish off with more than just 100+ pips bull swing. As you can see from a recent downside move on H4, in one day the MMs might rush the price 200+ pips, so don't count RWH out as still a viable target. As you can see from M15, some of the highest activity is again at the very lows. And don't discount that the MMs might simply be using a wide range for accumulating, which would mean they anticipate a big run up at the conclusion of all of this and therefore they are not so "needy" of just lows for accumulating.
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  • #45,612
  • Apr 2, 2013 9:17am Apr 2, 2013 9:17am
GU Market Comment:

Just like EU. You can look at your H4 and see that higher lows are being sustained. On M30 attached, you can see the MMs played to the USD releases, opportunistically moving price back down again for more loading of longs. Not just at the concluding lows, either, but all the way down you can figure the MMs were building long as others went short. To me, it appears the MMs remain bulls and skillfully played like they were bears today in order to get more liquidity into the market so they could continue amassing long positions.

Just My Take,
-tah
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  • #45,613
  • Apr 2, 2013 9:31am Apr 2, 2013 9:31am
Quoting traderathome
GU Market Comment: Just like EU. You can look at your H4 and see that higher lows are being sustained. On M30 attached, you can see the MMs played to the USD releases, opportunistically moving price back down again for more loading of longs. Not just at the concluding lows, either, but all the way down you can figure the MMs were building long as others went short. To me, it appears the MMs remain bulls and skillfully played like they were bears today in order to get more liquidity into the market so they could continue amassing long positions....
In my opinion, the bearish preassure is huge with today's rally. If you see the GU daily chart, the price is doing a beautiful engulfing bar just in the dragon, with the volume rising and with a double top. If we put that technical data with the poor fundamental situation in the UK, I think we can reach the 1.48 again.

PS: I'm trying to attach the daily chart image, let's see if I can do it or I need more post
PS2: I´m short in GU since this morning. For now, 95pips in positive.
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To fail is just an opportunity to learn
  • #45,614
  • Apr 2, 2013 9:38am Apr 2, 2013 9:38am
Quoting Tymedu
In my opinion, the bearish preassure is huge with today's rally. If you see the GU daily chart, the price is doing a beautiful engulfing bar just in the dragon, with the volume rising and with a double top. If we put that technical data with the poor fundamental situation in the UK, I think we can reach the 1.48 again. PS: I'm trying to attach the daily chart image, let's see if I can do it or I need more post PS2: I´m short in GU since this morning. For now, 95pips in positive. {image}
Well, you can call what happened today a "rally", but the MMs just took the price right back to the bottom of the range (see H4) for more accumulation. Don't forget the inverted H&S on the Daily, either. I see no reason to suspect the MMs are anything but bulls that are taking every and all opportunities to attract more liquidity into the market (i.e., encouraging shorters) so they can enlarge their long positions.
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  • #45,615
  • Apr 2, 2013 9:45am Apr 2, 2013 9:45am
Quoting traderathome
EU Long Trade: I have re-entered long here, a Sonic R. re-entry trade. The MMs have pulled the price back down to a previous S&R area, and about a FR 38% retracement of the last move up. Between now and next London session the MMs might work this down further. If they do so sufficiently, I might add to this long trade. The Dragon is angled up. The Trend is angled up. PA is essentially above both, except for this pullback to/into/thru (as the case may be) the Dragon. No SL and no TP is yet set. {image}
EU Long Trade:

Added long trade #2, a Scout based on the MMs pulling the price back down to previous S&R area (and a healthy FR 62% of the swing up). I see the MMs as persistent bulls that use every opportunity to put on bear moves to encourage shorters, thereby getting additional liquidity enabling the continuation of building long positions.
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  • #45,616
  • Apr 2, 2013 10:36am Apr 2, 2013 10:36am
Quoting hansma
Eu long. First target 1.2845 second 1.2875 No stop as of yet. Regards, H. {image}
Ah well targets reached

Let´s see how this one goes...


Regards,

H.
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"The future is already written in the past"
  • #45,617
  • Apr 2, 2013 2:20pm Apr 2, 2013 2:20pm
is anyone having an issue with the calender? mine doesn't seem to be updating for some reason. does this have to do with the layout change of forex factory? any ideas on how to fix it?
  • #45,618
  • Apr 2, 2013 4:37pm Apr 2, 2013 4:37pm
Quoting 4rextrader
is anyone having an issue with the calender? mine doesn't seem to be updating for some reason. does this have to do with the layout change of forex factory? any ideas on how to fix it?
No pic, no post.
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  • #45,619
  • Apr 2, 2013 4:46pm Apr 2, 2013 4:46pm
Quoting traderathome
No pic, no post. {image}

sorry about that, here it is. Its not catching anything from FF.

Do you know what the problem is?
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  • #45,620
  • Apr 2, 2013 4:50pm Apr 2, 2013 4:50pm
Quoting 4rextrader
sorry about that, here it is. Its not catching anything from FF. Do you know what the problem is? {image}
Mine seem to be working fine.
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