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Sonic R. System

  • #48,281
  • May 8, 2013 3:40am May 8, 2013 3:40am
Quoting revoli
{quote} Nice. Only managed to get the short. Must get out of bed earlier...
Thanks - as I was out, I missed the continued ramp up driven by the better than expected German Industrial Production data - again well known by the insiders.....just look at the action & volumes on the 1m or 5m charts from 09:50 GMT

Edit: currently, I'm expecting €J to test its so far potential triple top in the 130.30 zone as mentioned earlier by Sonic, so I'm buying my next signal....(hint: there's often a move into the NYO 1 at 12:00 GMT)
Trading Levels with WRBs
  • #48,282
  • May 8, 2013 4:10am May 8, 2013 4:10am
Had few longs today since 10 hrs ago..
Now I am home.. and I rather be alone..


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Sonic
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  • #48,283
  • May 8, 2013 4:12am May 8, 2013 4:12am
Quoting Islander
{quote} Thanks - as I was out, I missed the continued ramp up driven by the better than expected German Industrial Production data - again well known by the insiders.....just look at the action & volumes on the 1m or 5m charts from 09:50 GMT Edit: currently, I'm expecting €J to test its so far potential triple top in the 130.30 zone as mentioned earlier by Sonic, so I'm buying my next signal....(hint: there's often a move into the NYO 1 at 12:00 GMT)
The pull back was down to the area of the earlier highs, so its no surprise that I bought at 129.82, looking for the 50 pip run up to the next S&R zone.....TWT

PS Its lunchtime, so chart will follow....
Trading Levels with WRBs
  • #48,284
  • May 8, 2013 4:25am May 8, 2013 4:25am
Quoting jasakreatif
{quote} may i pump first .. {image}
yeah .. not bad , i'm in cafe shop

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  • #48,285
  • May 8, 2013 4:36am May 8, 2013 4:36am
ANATOMY OF THE ASIAN RANGE STOP HUNT

During a stop hunt it is normal to expect that the reversal will occur somewhere between 25 and 50 pips higher than the Asian range. It is also normal to expect that this will entail a journey of 3 pushes or candles to get there. However, it is not that simple and the 3 pushes may occur in increments of different sizes. It is important to remember this when assessing the movement as it escapes the Asian range and to not simply expect a straight 3 candle movement.
For example, the 1st push or candle may be a full 25 pips. At this point price may be held for 3 or 4 candles taking a full hour. At this point it is pushed up another 20 pip making a total of 45 pips from the top of the Asian range and finally another 5 to 7 pip on top of that. The effect of each these moves as follows:

  1. Range traders who have taken short positions at the top of the Asian range will have a stoploss somewhere between 25 and 50 pips from this point. Therefore the initial 25 pip push will take-out the 1st of the stops.
  2. The 1st upward movement will begin to entice traders to take long positions on the basis of a breakout trade.
  3. This is accentuated by the following period of consolidation where price is being held and traders will be expecting a continuation pattern to develop.
  4. It is further accentuated with the next 20 pip push further enticing long positions as price has now been rising for an hour and a half.
  5. The last 5 to 7 pip is about taking the last of the 50 pip stop loss’s from the range traders. The last move is almost always just a tap, identified as a pin. The main reason for this is that it costs money to move the market and this is a cheaper option for the MM.

- Steve Mauro

Everything is possible!!! Step by Step...
  • #48,286
  • May 8, 2013 4:46am May 8, 2013 4:46am
All this chat on AudNzd got my attention this morning and having watched for a while I decided I had seen enough top volume and took two positions.

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Katte, kabuto no o wo shime yo. Size doesn't matter, leverage is the killer
  • #48,287
  • May 8, 2013 4:48am May 8, 2013 4:48am
Quoting jasakreatif
{quote} yeah .. not bad , i'm in cafe shop {image}{image}
Good trade with before and after charts...

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Sonic
  • #48,288
  • May 8, 2013 4:48am May 8, 2013 4:48am
another plan ..

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  • #48,289
  • May 8, 2013 4:51am May 8, 2013 4:51am
Quoting sonicdeejay
{quote} Good trade with before and after charts... {image} Sonic
this one better

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  • #48,290
  • May 8, 2013 5:07am May 8, 2013 5:07am
hello mates .have you any tool so as not to be whipsawed after price-dragon crossing.
  • #48,291
  • May 8, 2013 5:17am May 8, 2013 5:17am
Repurchased some of my shorts sold yesterday in ongoing managment of existing short bias on these pairs, harvesting the range in the direction of my bias with sell orders above and buy below whilst maintaining my overall core short positions. They were EU, EJ and GJ.

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Katte, kabuto no o wo shime yo. Size doesn't matter, leverage is the killer
  • #48,292
  • May 8, 2013 5:25am May 8, 2013 5:25am
Quoting Islander
{quote} The pull back was down to the area of the earlier highs, so its no surprise that I bought at 129.82, looking for the 50 pip run up to the next S&R zone.....TWT PS Its lunchtime, so chart will follow....
closed out after the second LH at the **00 level.....

PS UJ also hit its **00 level and a downtrend line....
Trading Levels with WRBs
  • #48,293
  • May 8, 2013 5:29am May 8, 2013 5:29am
Quoting Islander
{quote} closed out after the second LH at the **00 level..... PS UJ also hit its **00 level and a downtrend line....
Glad to have you around Dear Islander..

and you know the rule..

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Sonic
  • #48,294
  • May 8, 2013 5:44am May 8, 2013 5:44am
Quoting sonicdeejay
{quote} Glad to have you around Dear Islander.. and you know the rule.. {image} Sonic

Thanks - and yes, its coming, but I'm a tad busy just now pirating pips
Trading Levels with WRBs
  • #48,295
  • May 8, 2013 5:54am May 8, 2013 5:54am
OK, first entry closed after LH at the **00 level, similar action in UJ at its **00 level.

The pull back to the **75 level followed UJ down, before heavy buying of € took that to new highs for the day and €J back up. So EP 2 which made it up to my original TP at the Asian high. Time for a break till NYO 2 - the NYSE Open

Note the volume when €J hit the **75 level
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Trading Levels with WRBs
  • #48,296
  • May 8, 2013 5:59am May 8, 2013 5:59am
Quoting Islander
OK, first entry closed after LH at the **00 level, similar action in UJ at its **00 level. The pull back to the **75 level followed UJ down, before heavy buying of € took that to new highs for the day and €J back up. So EP 2 which made it up to my original TP at the Asian high. Time for a break till NYO 2 - the NYSE Open Note the volume when €J hit the **75 level {image}
Groovy... My Groovy today trades coming up too..


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Sonic
  • #48,297
  • May 8, 2013 6:04am May 8, 2013 6:04am
Quoting sonicdeejay
{quote} Groovy... My Groovy today trades coming up too.. http://www.youtube.com/watch?v=vVy9Lgpg1m8 Sonic
.....when I got to my screen this morning for the FO and noticed the Asian Action I was certain that you were all over that great fakeout down to the 129 level.....

Levels, Volumes and PA - the HL.....
Trading Levels with WRBs
  • #48,298
  • May 8, 2013 7:00am May 8, 2013 7:00am
Buy Low, Sell High.. Catches of the day..



Sonic
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  • #48,299
  • May 8, 2013 7:24am May 8, 2013 7:24am
Quoting sonicdeejay
Buy Low, Sell High.. Catches of the day.. Sonic {image} {image}

Nicely done Sir

I too have finished with longs after the 130.15 area held for the second time as a LH and I've taken a couple of small shorts to finish my day, looking for that Asian high .....
Trading Levels with WRBs
  • #48,300
  • May 8, 2013 7:24am May 8, 2013 7:24am
Quoting traderathome
{quote} UChf Long Trade: Added long trade #2, Scout. M1 PVSRA shows several moves of the price to below the whole number, each followed up with heavier trading by the MMs, indicating the MMs are bulls lowering price to add longs. No SL, no TP at this time. Edit: Decided on TP, which could change later (pic. 3). {image} {image} {image}
UChf Long Trade:

Added long trade #3, Scout. M1 PVSRA shows MMs took price down to half number with higher activity at the lows, indicating the MMs are bulls, making lower prices to add longs.
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