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Sonic R. System

  • #50,381
  • Jun 5, 2013 8:26am Jun 5, 2013 8:26am
Quoting traderathome
{quote} Which Way to Expect? Personally, I hardly even read the news headline titles anymore. I just note if something is red or blue and when. These are times price might move better, one way or the other. That is all "news" is good for. As for which direction? Hasn't PVSRA already been screaming at you? {image} {image}
Of course TAH, as you can see i have disable the news panel because PVSRA is the way, but today i was starting to see a relatioship with PVSRA and the news, they confirms (from my point of view of a newbie) your method, and wouldnt be amazing predict the news with your method? As we know the world is big lie.

I was only trying to see a relationship, just investigating to think how to be most accuarate with the PVSRA entry method.

My respects to you Tah.
All my trades are in demo, dont do these things at home without permission!
  • #50,382
  • Jun 5, 2013 8:40am Jun 5, 2013 8:40am
Quoting traderathome
{quote} Yes, but nowadays the "news" is only rumors!
Well we don't care - just so long as it brings volatility

Now my old news trading tables tell me that </> 2.5% deviation in this ISM data should be worth a 70 pip move ....TWT
Trading Levels with WRBs
  • #50,383
  • Jun 5, 2013 8:41am Jun 5, 2013 8:41am
Quoting Islander
{quote} 80 pips in 45 mins as the news gave my Aussie buys a nice kick up to the 01:30 low at 0.9604
Almost like they (SM) knew exactly where they were taking price during that news release mark-up... right into that key 9600 level wiping out weak shorts and trapping weak longs that didn't know when to take profit all the while selling into the frenzied buyers just to turn around and blow price back down again... maniupulation at it's best.

Nice trading Islander.

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Today's zone = Tomorrow's opportunity!
  • #50,384
  • Jun 5, 2013 8:46am Jun 5, 2013 8:46am
Sorry for the semi-offtopic question, but I've noticed a very different volume reading on Tymedu's chart, compared to my Pepperstone. I know this was a much discussed topic and people generally agree that its not really important which broker you have for volume trading, but the difference in this example is quite significant.

If you compare the relative strenght of Tymedu's volume 1 to volume 2, there is a significant difference, while my volume is much more even in this period.
The strange thing however is, that I've installed Tymedu's broker XE Markets, and even there got this volume reading.

WTF?
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Thoughts are things
  • #50,385
  • Jun 5, 2013 8:50am Jun 5, 2013 8:50am
AU:

Just in case, I have lowered my TP (I can play with this one). Only minutes to find out....
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  • #50,386
  • Jun 5, 2013 8:51am Jun 5, 2013 8:51am
Quoting pres78
{quote} Almost like they (SM) knew exactly where they were taking price during that news release mark-up... right into that key 9600 level wiping out weak shorts and trapping weak longs that didn't know when to take profit all the while selling into the frenzied buyers just to turn around and blow price back down again... maniupulation at it's best. Nice trading Islander. {image}
Agreed and thanks.....errrr and I just closed more shorts back down at the **50 zone - it seemed rude not to take that trade too - the Aussie really is offering some great pips today....

Edit: yeeks now I see that TAH is becoming a news trader too
Trading Levels with WRBs
  • #50,387
  • Jun 5, 2013 8:56am Jun 5, 2013 8:56am
Quoting Islander
{quote} Agreed and thanks.....errrr and I just closed more shorts back down at the **50 zone - it seemed rude not to take that trade too - the Aussie really is offering some great pips today.... Edit: yeeks now I see that TAH is becoming a news trader too
Nope, don't trade news. Not in the way most folks would think that means. News is just possibly timing for trades PVSRA indicates. That run up thru the whole number followed by all that activity says the MMs were loading up shorts. For what? A few pips down to RDL? Not hardly. Seems they could well have a lower profit target in mind once the next "news" event/excuse hits.

Well, we will see.
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  • #50,388
  • Jun 5, 2013 9:04am Jun 5, 2013 9:04am
Quoting traderathome
{quote} Nope, don't trade news. Not in the way most folks would think that means. News is just possibly timing for trades PVSRA indicates. That run up thru the whole number followed by all that activity says the MMs were loading up shorts. For what? A few pips down to RDL? Not hardly. Seems they could well have a lower profit target in mind once the next "news" event/excuse hits. Well, we will see. {image}
Couldn't agree more.
Today's zone = Tomorrow's opportunity!
  • #50,389
  • Jun 5, 2013 9:13am Jun 5, 2013 9:13am
One more time... repeat with me
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To fail is just an opportunity to learn
  • #50,390
  • Jun 5, 2013 9:14am Jun 5, 2013 9:14am
Quoting traderathome
{quote} GU Short Trade: Added short trades #4 and #5, Scouts. {image}
GU Short Trade:

Added short trade #6, Scout. Adjusted tentative TP.
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  • #50,391
  • Jun 5, 2013 9:16am Jun 5, 2013 9:16am
Quoting pres78
{quote} Couldn't agree more.

LOL - I was just posting to see if TAH was awake whilst I was waiting to go out news trading ceased being viable two or three years ago once the brokers worked out what we were doing
Trading Levels with WRBs
  • #50,392
  • Jun 5, 2013 9:17am Jun 5, 2013 9:17am
Quoting traderathome
{quote} It is not our indicator, but the FF .xml file not updating. Nothing on our side can be done about this, and it is an infrequent occurrence.
Ohh i understand now. thanks TAH!



Quoting Cheng
I noticed the same problem. I adjusted the indicator GMT offset on the FFcal headlines indicator. Seems to be working now?
Unfortunately I dont know how to adjust the indicator as you did. Im just gonna have to hope the problem auto rectifies itself.
  • #50,393
  • Jun 5, 2013 9:24am Jun 5, 2013 9:24am
Quoting Islander
{quote} LOL - I was just posting to see if TAH was awake whilst I was waiting to go out news trading ceased being viable two or three years ago once the brokers worked out what we were doing
I figured as much. News for me as I am sure with you is simply volitility which on some days is well needed. I prefer to wait for that initial knee jerk reaction, allow SM to show their hand and then jump on for the ride going the opposite way that most of the other uniformed traders are going. That's how we make money.
Today's zone = Tomorrow's opportunity!
  • #50,394
  • Jun 5, 2013 9:28am Jun 5, 2013 9:28am
Quoting Islander
{quote} LOL - I was just posting to see if TAH was awake whilst I was waiting to go out news trading ceased being viable two or three years ago once the brokers worked out what we were doing
Quoting pres78
{quote} I figured as much. News for me as I am sure with you is simply volitility which on some days is well needed. I prefer to wait for that initial knee jerk reaction, allow SM to show their hand and then jump on for the ride going the opposite way that most of the other uniformed traders are going. That's how we make money.
Enough!

Ok, I have had enough of this BS! You guys are intimating there are entities that actually manipulate prices, and that is hogwash! All markets are "free markets". Nobody manipulates anything!
  • #50,395
  • Edited 10:03am Jun 5, 2013 9:32am | Edited 10:03am
Quoting pres78
{quote} I figured as much. News for me as I am sure with you is simply volitility which on some days is well needed. I prefer to wait for that initial knee jerk reaction, allow SM to show their hand and then jump on for the ride going the opposite way that most of the other uniformed traders are going. That's how we make money.
News knee jerk reaction up #1 on UHV = SM selling
News knee jerk reaction up #2 on UHV = SM selling

Do you think the longs that got stopped out the first time chasing the frenzied buying after the news release # 1 learned there lesson? Nope SM sucked em back in again off news #2 finding loads of new longs to sell to. We are at a point of support nearing that 9500 level so another pump and dump could be in order if continued lower prices are in the cards.

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Today's zone = Tomorrow's opportunity!
  • #50,396
  • Jun 5, 2013 9:36am Jun 5, 2013 9:36am
Quoting traderathome
{quote} {quote} Enough! Ok, I have had enough of this BS! You guys are intimating there are entities that actually manipulate prices, and that is hogwash! All markets are "free markets". Nobody manipulates anything!
TAH you're right I am sorry!
Today's zone = Tomorrow's opportunity!
  • #50,397
  • Jun 5, 2013 9:39am Jun 5, 2013 9:39am
Quoting pres78
{quote} Almost like they (SM) knew exactly where they were taking price during that news release mark-up... right into that key 9600 level wiping out weak shorts and trapping weak longs that didn't know when to take profit all the while selling into the frenzied buyers just to turn around and blow price back down again... maniupulation at it's best. Nice trading Islander. {image}
The wise redsword said once in his thread: fundamentals are a vehicle used by the smart money to move prices to key levels where they have placed limits ahead of time to be filled.
  • #50,398
  • Jun 5, 2013 9:42am Jun 5, 2013 9:42am
Quoting traderathome
AU Short Trade: Entered short trade #1, Scout. M1 PVSRA shows price driven up to half number with high trading on the thrust thru the half number = MMs are bears. I missed this thrust high, so if the MMs try it again and if I am at the computer, I intend to add a short at a higher price. I might even set a pending order in case that happens while I am inattentive. SL and TP are mental. {image}
AU Short Trade:

Closed both short trades for 240 pips gain. I did add short #2 at slightly higher price, which I guess I forgot to post. It was a busy evening for me.
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  • #50,399
  • Jun 5, 2013 9:49am Jun 5, 2013 9:49am
Quoting traderathome
{quote} AU Short Trade: Closed both short trades for 240 pips gain. I did add short #2 at slightly higher price, which I guess I forgot to post. It was a busy evening for me. {image}
@ Prof. TAH: Why do you close your trade if it seems bears yet?
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Newbie trader
  • #50,400
  • Jun 5, 2013 9:56am Jun 5, 2013 9:56am
Quoting fex
{quote} @ Prof. TAH: Why do you close your trade if it seems bears yet? {image}
fex,

PVSRA is a very relaxed manner of trading. And we do not have to be "exacting" to be well fed. Sometimes we might miss a high by 20-30 pips, or a low, for whatever reason. So what?
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