Sorry I cant post live chart with my trades. As trading in m5 and m1 TF, everything goes too fast and I need focus on charts untill close all my trades.
here is my trades today...
here is my trades today...
Attached Image (click to enlarge)
- #47,722
- Apr 30, 2013 8:41am Apr 30, 2013 8:41am
How Far for Yen Pairs?
These look to me still like ramping up with good volume at each of the resistance points, the US coming on line and getting into the trade. The action in the lower timeframes suggests to me lower prices to come.
Red line my average entry on this pair. I am still holding out having not taken profits at the low....
We shall see.
These look to me still like ramping up with good volume at each of the resistance points, the US coming on line and getting into the trade. The action in the lower timeframes suggests to me lower prices to come.
Red line my average entry on this pair. I am still holding out having not taken profits at the low....
We shall see.
Katte, kabuto no o wo shime yo. Size doesn't matter, leverage is the killer
- #47,724
- Edited 10:49am Apr 30, 2013 9:08am | Edited 10:49am
- Joined Mar 2008 | Status: PVSRA with Traderathome | 23,552 Posts
- #47,726
- Apr 30, 2013 9:18am Apr 30, 2013 9:18am
- Joined Mar 2008 | Status: PVSRA with Traderathome | 23,552 Posts
- #47,727
- Apr 30, 2013 9:20am Apr 30, 2013 9:20am
- Joined Mar 2008 | Status: PVSRA with Traderathome | 23,552 Posts
{quote} EU: It is drifting lower. A deeper range? We will just have to wait and see what the MMs are up to. When PVSRA is not clear, that is all we can do, wait and continue to analyze. Eventually PVSRA will again result in clear indications. Another idea comes to mind. AU and GU are being held up, so you'd think EU would be too,....held up while MMs add shorts. But how about this... ...the MMs let EU down, slowly so shorters get on board before it goes to low. Later, the MMs whipsaw the price quite high to take many out and get that liquidity for...
This could be that move. Extreme increases in relative trading once MMs got price thru 1/4 S&R and stayed high on up thru half number. This indicates the MMs are still bears. Big move might be to wipe out those that went short as the MMs cycled the price down earlier. Remaining days this week will tell.
-tah
{quote} maybe i should rephrase as. i don't understand the need to branch out of the original sonic r system. but my guess would be that it helps to visualise the bigger movements as well as introduce one into the world of swing trading. not sure if you've heard of nanningbob's 10.4 system at stevehopwoodforex forum and captain jack but it would be along the same lines of trading MM and understanding the big picture.(similar to what you are doing holding into drawdown). anyway i'm like somewhere at page 300+ of the 3000+. and enjoy the clarity of...
i believe you'll have to still have more than enough bullets to last just in case EU keeps rising till NFP on Friday(event risk).
who knows what price it will be then.
meanwhile update from today. +54pips, +80pips.
EJ Sonic old skool (class of 2009) SL Entry TP1/TP2 as marked. {image}
thanks Sonic. just like the days of 2009!
- #47,730
- Apr 30, 2013 9:25am Apr 30, 2013 9:25am
{quote} EU Short Trade: Added short trades #5, #6, #7, all Scouts. News, sudden large move up with very high volume at and above half number = MMs bears. {image}
H.
"The future is already written in the past"
- #47,734
- Edited 10:19am Apr 30, 2013 9:45am | Edited 10:19am
- Joined Mar 2008 | Status: PVSRA with Traderathome | 23,552 Posts
- #47,736
- Apr 30, 2013 9:50am Apr 30, 2013 9:50am
- Joined Nov 2012 | Status: Be consistent, Be persistent. | 1,847 Posts
Knowing is not enough; we must apply. Willing is not enough; we must do.
- #47,737
- Apr 30, 2013 9:51am Apr 30, 2013 9:51am
- Joined Mar 2008 | Status: PVSRA with Traderathome | 23,552 Posts
Note that I am not completely against the idea of scout trades. I think it has a valuable place in a choppy market (80% of the time). I would love to hear more input from sonic on how he in fact trades sonic setups. Why or why not he takes trades etc... I would also implore others to not blindly follow TaHs trades if you are a beginner. It is a high risk, high reward game. It will lead to one thing - account destruction.
Yes, blindly trading without good PVSRA and without trading light can lead to account destruction. However, if any trader is of average intelligence or above, and uses their intelligence to trade by building a position using PVSRA and trading very light relative to their account size, then they too will be trading like the MMs and will be making money like the MMs.
-tah
- #47,738
- Apr 30, 2013 10:04am Apr 30, 2013 10:04am
Man, we're seeing the reaction from the real world...people hoping other successful people fail, and "celebrate" others' temporary mistakes/failures. Come on guys, TAH is expressing his own views, his own trades in real time, and that alone is worth respecting. I gotta admit, he has quite the ego, but ego only comes AFTER success, so there's NOTHING wrong with it AT ALL!! If anyone feels TAH's comments are worthless, might as well not coming to this thread, since he's one of the creators of the Sonic.R system. I'm not a Sonicer myself, but I always...
Price Is The Best Indicator Itself.
- #47,739
- Apr 30, 2013 10:07am Apr 30, 2013 10:07am
- Joined Mar 2008 | Status: PVSRA with Traderathome | 23,552 Posts
- #47,740
- Apr 30, 2013 10:15am Apr 30, 2013 10:15am
{quote} So far Newbies made their account double by using only sonic scouts!
1 trade with thin volume, how thin is thin in order to handle drawdown,
2 when to cut loss, I am sure sooner or later I will be wrong to accumulate on the opposite of MM direction. When this happen, how to exit these trades.
Without managing above two items properly, newbie will found this trading be destructive.