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Sonic R. System

  • #50,761
  • Jun 10, 2013 5:34am Jun 10, 2013 5:34am
UJ

Closed 4 trades with 280pips (70x4 from AVG to TP).

Price made a double top and I prefer to quit with profit. I think we are entering in an accumulation procces and if I'm right, MM's will need to drop the price again to add more longs.
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To fail is just an opportunity to learn
  • #50,762
  • Jun 10, 2013 5:34am Jun 10, 2013 5:34am
A trend analysis of EJ
inspiration for some trade

http://500euroalgiorno.blogspot.com/2013/06/uj.html
500euroalgiorno.wordpress com
  • #50,763
  • Jun 10, 2013 5:48am Jun 10, 2013 5:48am
Hi TAH or Sonicer's

Please review my EP

http://s9.postimg.org/qkc2me73j/image.png
  • #50,764
  • Jun 10, 2013 6:37am Jun 10, 2013 6:37am
Quoting silitmambu
Hi TAH or Sonicer's Please review my EP {image}
In my mind it is too late. I have not taken this long trade as i was offline. And already im in short side exactly at this point.
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Be coherent with your strategy
  • #50,765
  • Jun 10, 2013 6:37am Jun 10, 2013 6:37am
Thanks to TaH's polite nudge, I would like to get more involved in sharing some of my trades. Here is one to kick off the week...

Short GBP/JPY at current levels (EP: 153.64).
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  • #50,766
  • Jun 10, 2013 6:38am Jun 10, 2013 6:38am
EURUSD short trade.
Discovered setup at 5m chart. This is quit hours with no momentum. So looking fo DS1 as my target.
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Be coherent with your strategy
  • #50,767
  • Jun 10, 2013 6:45am Jun 10, 2013 6:45am
Quoting francus
{quote} In my mind it is too late. I have not taken this long trade as i was offline. And already im in short side exactly at this point. {image}
thank u,,still need more experience here
  • #50,768
  • Jun 10, 2013 6:46am Jun 10, 2013 6:46am
Quoting traderathome
500 %. Impossibile! (Oh, really?) Sonicers, remember back on May 19, ForexTeam waltzed in and proclaimed...... "I see here many guys, in this forum, that trying to transform 1000 $ in 5000 $ in 1 year. This is: 500 %. Impossibile !" -- ForexTeam Well, Master Sonicdeejay had his post removed, but I responded saying that I had started a $1,000.00 demo account in the pre-PVSRA stages (Jan. 11, 2013) and had kept it up, and which by May 19th it was, I think, over $4,000.00 At the close of Friday this account is not only over 5K, it is close to being...
TAH
Absolutely outstanding trading. I suspect that 90% of traders on this forum were not using volume in their current trading, and probably a significant percentage had never even looked at it before coming here. The value of the exercise is immense. PVSRA will forever be in my toolkit and I have to admit when I open a chart I look at the volumes before I start to worry about what the price is doing. You have religously documented every trade, good and not so good - the long running yuen pairs being an excellent case in point and have shown that with careful money management and spread of instruments diversifying risk you can smooth the bumps caused by drawdown. The more time goes on I suspect the smoother your growth chart will become, possibly exponentially if you continue to build positions relative to account size. You clearly have a good handle on what sort of stress you can put your account under in terms of lots, number of pairs traded and avoiding the pitfalls of enterring too many positions dependant on one currency. All things that others here would love to replicate.

At some point in the future when you have a lot of data, it would be great to see the full results - drawdown being key. How about when you hit $10,000 in what late July/August? You may of course decide that is for each to establish their own limits on - fair enough. Anyway great going and keep it up.
Katte, kabuto no o wo shime yo. Size doesn't matter, leverage is the killer
  • #50,769
  • Jun 10, 2013 7:50am Jun 10, 2013 7:50am
EU classic Short 2

Adding to the previous one.
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There is no spoon....
  • #50,770
  • Jun 10, 2013 8:21am Jun 10, 2013 8:21am
A trend analysis of UC
inspiration for some trade

http://500euroalgiorno.blogspot.com/2013/06/uc-fino-2-ore.html
500euroalgiorno.wordpress com
  • #50,771
  • Edited 9:13am Jun 10, 2013 8:21am | Edited 9:13am
Quoting Msis125125
EU classic Short 2 Adding to the previous one. {image}
Same here MSIS... But im going to play before with a long and continue short. Lets see hows going
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All my trades are in demo, dont do these things at home without permission!
  • #50,772
  • Jun 10, 2013 10:09am Jun 10, 2013 10:09am
Quoting traderathome
{quote} GJ Short Trade: Added short trade #7, Scout. Set mental SL and TP. {image}
GJ Short Trade:

Added short trade #8, Scout.
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  • #50,773
  • Jun 10, 2013 10:28am Jun 10, 2013 10:28am
Quoting traderathome
{quote} UChf Long Trade: Added long trade #10, Scout. {image}
UChf Long Trade:

Added long trade #11, Scout
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  • #50,774
  • Jun 10, 2013 10:36am Jun 10, 2013 10:36am
UCad Long Trade:

Entered long trades #1, $2 and #3, Scouts. SL and TP are mental/tentative.
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  • #50,775
  • Jun 10, 2013 10:55am Jun 10, 2013 10:55am
Quoting traderathome
{quote} EU Short Trade: Added short trade #12, Scout. Adjusted SL and TP. {image}
EU Short Trade:

Added short trade #13, Scout. Adjusted mental SL and TP.
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  • #50,776
  • Jun 10, 2013 11:02am Jun 10, 2013 11:02am
TAH: Would it be better to space more the EPs?
Newbie trader
  • #50,777
  • Jun 10, 2013 11:12am Jun 10, 2013 11:12am
Hi all,
seeing all seniors/masters here to be quite bearish on EU but i just cannot decide if this is just pump and dump or loading bulls. Meaning the significant volume at the lows. only thing indicating bearishness to me is this last green candle.

Thanks in advance
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  • #50,778
  • Jun 10, 2013 11:21am Jun 10, 2013 11:21am
Quoting GFund
Hi all, seeing all seniors/masters here to be quite bearish on EU but i just cannot decide if this is just pump and dump or loading bulls. Meaning the significant volume at the lows. only thing indicating bearishness to me is this last green candle. Thanks in advance {image}
I see that as a signal telling me the price is not ready yet to go down. Sell off stopped because the market is not ready. But in the bigger picture they are bearish, at least for me.

Here is a tip I use in this type of situations. When is the volume rising and when decreasing? I see the volume rising when the price goes down and decreasing when the price is going up. This is not always that easy, but in these accumulation/distribution phases is quite useful.
To fail is just an opportunity to learn
  • #50,779
  • Jun 10, 2013 11:26am Jun 10, 2013 11:26am
Quoting GFund
Hi all, seeing all seniors/masters here to be quite bearish on EU but i just cannot decide if this is just pump and dump or loading bulls. Meaning the significant volume at the lows. only thing indicating bearishness to me is this last green candle. Thanks in advance {image}
Same here, closed my shorts last friday with a big loss. This morning opened long, because priceinterest is heavy around 1.3194 and 1.3217
Taking volume at a specific priceinterest into my decisions now.
Let's see how this works out.
FT
  • #50,780
  • Jun 10, 2013 11:31am Jun 10, 2013 11:31am
Quoting traderathome
EJ Short Trade: Entered additional component to this long standing short trade, Scout, based on market gap up open to highs of late Friday. Trade is old, no go-back links, but all components will be shown when finally closed (likely not anytime soon), even if I have to post a Month chart to fit them all in. There is nothing good to learn from this poorly managed trade, except that it was poorly managed. It might become my longest running trade. It might even out-live me. {image}
EJ Short Trade:

Added short trade #18 (131.083), Scout. M1 PVSRA shows MMs hiked price back above whole number on increased trading right after the LS closed, indicating the MMs are bears seeking higher prices to short at and wanting to take advantage of competition for liquidity being reduced once the LS closed.
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