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Sonic R. System

  • #50,481
  • Jun 6, 2013 9:43am Jun 6, 2013 9:43am
Quoting traderathome
{quote} UChf Long Trade: Added long trades #7, #8 and #9, Scouts. Adjusted tentative TP. {image}
UChf Long Trade:

Added long trade #10, Scout.
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  • #50,482
  • Edited 8:56pm Jun 6, 2013 9:46am | Edited 8:56pm
Quoting Tymedu
{quote} Now it's time to PVSRA sucks, 3 days ago PVSRA rocks. Chill dude, we are all suffering here with this pump. The "positive" part of this is that all this movement is MM's working. No news, not an Apocalypse, just MM's doing the biggest pump I ever saw since I'm trader.
Chart Gu daily.

Gotta know supply/demand areas in any timeframe before you apply pvsra.

Have fun - and I hope your trade reverses to green pips.

H.
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"The future is already written in the past"
  • #50,483
  • Jun 6, 2013 9:47am Jun 6, 2013 9:47am
Quoting Tymedu
{quote} Now it's time to PVSRA sucks, 3 days ago PVSRA rocks. Chill dude, we are all suffering here with this pump. The "positive" part of this is that all this movement is MM's working. No news, not an Apocalypse, just MM's doing the biggest pump I ever saw since I'm trader.
I'm not suffering anything, because I will wait and I enter when I see supply or demand. We have already saw what will happen when we don't wait and going to trade every time we think the MMs are bears or bulls. It's very risky method to react by every little sign.
Whatever is obvious is obviously wrong!"
  • #50,484
  • Jun 6, 2013 9:47am Jun 6, 2013 9:47am
Quoting Tymedu
{quote} Now it's time to PVSRA sucks, 3 days ago PVSRA rocks. Chill dude, we are all suffering here with this pump. The "positive" part of this is that all this movement is MM's working. No news, not an Apocalypse, just MM's doing the biggest pump I ever saw since I'm trader.
Tymedu,

I wholeheartedly agree with you. Bet they've been planning this thru the week. That is why they kept everything somewhat in a range. They were hoping to suck in traders, get them to exhaust their funds, get everything committed. That way, when they moved the prices, there would be no competition for the liquidity created. In fact many of the traders would be stopped out and thus providing the liquidity for the MMs!
  • #50,485
  • Jun 6, 2013 9:48am Jun 6, 2013 9:48am
Quoting loeil
EU, GU bears? All the time? Nice joke Maybe it's time to think more supply and demand too, not only PVSRA.
lol i just cant see any freaking reason for these moves but MM manipulating the price!!!
Price Is The Best Indicator Itself.
  • #50,486
  • Jun 6, 2013 9:49am Jun 6, 2013 9:49am
Currency Market Moved 3% Today.... Insane Movement...
Creditors have better memories than debtors.
  • #50,487
  • Jun 6, 2013 9:50am Jun 6, 2013 9:50am
YEN Pairs

It is starting.....
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  • #50,488
  • Jun 6, 2013 9:51am Jun 6, 2013 9:51am
Quoting ForexSwag
{quote} This pump was only medium news i can only imagine tomorrow... I'm also down -400 pips. It's all about patience!! Hey Tymedu hows xemarkets as a broker? {image}
To you first sentence, I think this pump is MM's + TONS of stops hunted + traders anticipating tomorrow NFP. Imo if tomorrow the NFP is bad, there won't be a huge move because they are already doing it.

Regarding XEMarkets, I'm quite happy with them. In the past month they had a couple of issues with the servers and users suffered an imaginary gap, but they apologize and fix it very fast. We can all have mistakes hehe. But in overall, quite happy with customer service, withdrawal times, execution and so on.

----------------------

I know this is hard to handle because the drawdown is being huge. You can see my balance in my signature. It's not easy but we have to be patience.
To fail is just an opportunity to learn
  • #50,489
  • Jun 6, 2013 9:51am Jun 6, 2013 9:51am
Quoting Tymedu
{quote} Be coherent with your strategy
i`m just now wiped my account. Eurusd goes into the sky, but my shorts were screaming "add to us, add to us". So I become overtraded, trades become into hope. I forgot about dragon, volume, PVSRA, everething. It is just inability to take loss, till the end. Is strategy was wrong? I dont think so. This morning my account was x7 more than in the january. I believe it is awesome result. I need more patience. Going to reload account, new day is coming.
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Be coherent with your strategy
  • #50,490
  • Jun 6, 2013 9:53am Jun 6, 2013 9:53am
Quoting Tymedu
{quote} To you first sentence, I think this pump is MM's + TONS of stops hunted + traders anticipating tomorrow NFP. Imo if tomorrow the NFP is bad, there won't be a huge move because they are already doing it. Regarding XEMarkets, I'm quite happy with them. In the past month they had a couple of issues with the servers and users suffered an imaginary gap, but they apologize and fix it very fast. We can all have mistakes hehe. But in overall, quite happy with customer service, withdrawal times, execution and so on. ---------------------- I know...
Thanks TY
Creditors have better memories than debtors.
  • #50,491
  • Jun 6, 2013 9:54am Jun 6, 2013 9:54am
  •  St3ve
  • | Joined Jan 2013 | Status: Recovering from losses ... | 77 Posts
Quoting traderathome
They were hoping to suck in traders, get them to exhaust their funds, get everything committed.
Mission accomplished, congratulations to those MMs!
The recent moves just killed my account - my first margin call in 2 years trading live.
Lesson learned - trade REALLY SMALL lots as tah was telling us over and over again!

steve
  • #50,492
  • Jun 6, 2013 9:55am Jun 6, 2013 9:55am
Quoting St3ve
{quote} Mission accomplished, congratulations to those MMs! The recent moves just killed my account - my first margin call in 2 years trading live. Lesson learned - trade REALLY SMALL lots as tah was telling us over and over again! steve
What was your lot size?
Creditors have better memories than debtors.
  • #50,493
  • Jun 6, 2013 9:57am Jun 6, 2013 9:57am
Its very important you are able to close the trades if they are going to far into minus. A (floating) loss of 30-40%, as I see on some trade explorers, is, well...

I dont criticise PVSRA, just do it with some predefined risk%.
Thoughts are things
  • #50,494
  • Jun 6, 2013 9:58am Jun 6, 2013 9:58am
Quoting loeil
{quote} I'm not suffering anything, because I will wait and I enter when I see supply or demand. We have already saw what will happen when we don't wait and going to trade every time we think the MMs are bears or bulls. It's very risky method to react by every little sign.
I agree with you in that loeil, I and talked about that in the previous weeks. In my main account I'm being way more conservative and in the secondary one (the account in my signature) a little more aggressive (this account started with 300$ only).

What I'm trying to say is that now is not time to blame or make criticism, it's time to support. This insane movement happens very very very rarely and it's clear that there is a lot of people suffering. This is a clear warning about how important is a bank management. Even I'm suffering because I think I did not a good bank management this time (even if it's with my secondary account and I won't suffer a lot if I lost the 100%, I like to do the things right), but the last thing I would do is starting to flame PVSRA...
To fail is just an opportunity to learn
  • #50,495
  • Edited 10:12am Jun 6, 2013 9:59am | Edited 10:12am
Supply & Demand

Some folks subscribe to this concept as though it was Gospel. Think about it. Only big bucks professional outfits (the MMs) create supply and demand areas. They do this by using their super computers to place their orders....

"Hey, why don't we place some billions of business up there. Then we can drive the price up there and get those orders filled. But, I guess we best range this sucker for a few days to draw in folks that we can stop out later, when we drive the price up. They will give is the liquidity we need."

Folks, MMs create supply and demand areas by placing pending orders there. And they can remove those orders, or move those orders around as part of their price manipulations. So, don't figure them to be Gospel!

Look at it this way, supply and demand areas are only as good as the ability of the MMs to stop out existing traders along the way of getting the price there, because without creating the liquidty needed, by the time the MMs get the price to one of these levels it will amount to nothing. The MMs need suckers to take the other side of their trades. If those suckers are not just sitting up there, waiting to get screwed, then the MMs will have to rape them by stopping them out on the way up. By the time the price gets up there, the day is already over with, so to speak.
  • #50,496
  • Jun 6, 2013 10:04am Jun 6, 2013 10:04am
Quoting hansma
{quote} .... going long to the supply area. Gotta know supply/demand areas in any timeframe before you apply pvsra. ....
Hello Hansma,

Could you indicate on a EU chart where you went long and with what reason, where you thought the supply area is and why it is a supply area?
If you explained the above in earlier posts (or in another thread) would you please point me to them?

Thanks
Posting Demo charts, mirroring some of them live.
  • #50,497
  • Jun 6, 2013 10:08am Jun 6, 2013 10:08am
LOL, blew up my account also. At the way up i took and closed many losses but still bastard went up enough to kill account. Did last week deposit for 30 eur and had today morning already 110 eur, was trading with 0,01 lots. For sure I am going to take seriously signals form no demand and no supply. No supply appeared many times today on small and bigger timeframes, but still idiot me ignored that.
cant post chart now but remember that on 30 min on gbp and eur was saying "buy" to me.
  • #50,498
  • Jun 6, 2013 10:12am Jun 6, 2013 10:12am
Quoting forexpiet
{quote} Hello Hansma, Could you indicate on a EU chart where you went long and with what reason, where you thought the supply area is and why it is a supply area? If you explained the above in earlier posts (or in another thread) would you please point me to them? Thanks
Sup and demand areas are mentioned in the chart.
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Price Is The Best Indicator Itself.
  • #50,499
  • Jun 6, 2013 10:12am Jun 6, 2013 10:12am
Quoting francus
{quote} i`m just now wiped my account. Eurusd goes into the sky, but my shorts were screaming "add to us, add to us". So I become overtraded, trades become into hope. I forgot about dragon, volume, PVSRA, everething. It is just inability to take loss, till the end. Is strategy was wrong? I dont think so. This morning my account was x7 more than in the january. I believe it is awesome result. I need more patience. Going to reload account, new day is coming. {image}
Sorry to hear that francus, I hope there is only a small account. As I said, bank management is very important. And you have to be extremely careful.

And I could put myself as an example. I tried to be extremely careful, and look my explorer, 40% of the account. It's obvious I did it wrong and I should have been even more careful. But well, this is why do I have this account and this is why it's public. It's a small account to learn and to let others guys to learn as well.

In my main account the drawdown is way less (but it still hurts xD).

I wish you the best dude.
To fail is just an opportunity to learn
  • #50,500
  • Jun 6, 2013 10:12am Jun 6, 2013 10:12am
Well my friends who tank your account here your chance to double a new one. Stopping volume with shooting star on H1.

Who survive that big respect to you all.
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There is no spoon....
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