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Sonic R. System

  • #52,181
  • Jul 1, 2013 3:06am Jul 1, 2013 3:06am
I placed a classic Sonic Entry on GU.

Hope i am doing it right.
We have H- L - LH dragon passed the wave
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  • #52,182
  • Jul 1, 2013 3:09am Jul 1, 2013 3:09am
Now look here. A blue candle. If price breaks the quarter number I will take a short. But all of my longs are still in effect! My stop loss is the high of that blue candle for my short. I can expect if my short gets stopped out, the longs I have will more than compensate for that. I can also expect that price will try the next number up. Do you see what I see?
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If you are good at something, never do it for free--Joker
  • #52,183
  • Jul 1, 2013 3:16am Jul 1, 2013 3:16am
Quoting Vikingi
I placed a classic Sonic Entry on GU. Hope i am doing it right. We have H- L - LH dragon passed the wave {image}
Where is your stop? And what did you risk percentage wise?
If you are good at something, never do it for free--Joker
  • #52,184
  • Jul 1, 2013 3:18am Jul 1, 2013 3:18am
Quoting jmn5611
{quote} Where is your stop? And what did you risk percentage wise?
percentage wise my risk is 5%. my stop is 50 pips but i already broke even so i have BE locked.
  • #52,185
  • Jul 1, 2013 3:28am Jul 1, 2013 3:28am
GU Long Trade:

Entered longs #1 and #2, Scouts. M1 PVSRA shows LO MMs pushed price down and once below whole number they traded more heavily, indicating they are bulls.
Attached Image (click to enlarge)
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  • #52,186
  • Jul 1, 2013 3:40am Jul 1, 2013 3:40am
Quoting traderathome
AU Long Trade: Entered long #1, Classic. This is counter trend, and based on the presumption of a retrace for the MMs to reload shorts at some higher price. {image}
AU Long Trade:

Added long #2, Classic also, but a tad early. PVSRA shows the LO MMs ran the price down between the 3/4SR and 1/2SR and traded heavily, indicating they remain bulls. Adjusted TP.
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  • #52,187
  • Jul 1, 2013 3:43am Jul 1, 2013 3:43am
Quoting traderathome
GU Long Trade: Entered longs #1 and #2, Scouts. M1 PVSRA shows LO MMs pushed price down and once below whole number they traded more heavily, indicating they are bulls. {image}
Me, I will wait for a pullback toward the dragon, and short from there. Price is below the dragon, and the dragon is below the 89 ema. This is what Sonic trading is.
If you are good at something, never do it for free--Joker
  • #52,188
  • Jul 1, 2013 3:45am Jul 1, 2013 3:45am
Quoting traderathome
{quote} AU Long Trade: Added long #2, Classic also, but a tad early. PVSRA shows the LO MMs ran the price down between the 3/4SR and 1/2SR and traded heavily, indicating they remain bulls. Adjusted TP. {image}
That's another good trade, but I ask again, why do you trade such tightly correlated pairs as EU and AU?
If you are good at something, never do it for free--Joker
  • #52,189
  • Jul 1, 2013 3:46am Jul 1, 2013 3:46am
Quoting Vikingi
{quote} percentage wise my risk is 5%. my stop is 50 pips but i already broke even so i have BE locked.

Was your SL an arbitrary number or was there logic to it?
If you are good at something, never do it for free--Joker
  • #52,190
  • Jul 1, 2013 3:49am Jul 1, 2013 3:49am
Quoting jmn5611
{quote} Was your SL an arbitrary number or was there logic to it?
As i have a small bankroll , i am not willing to risk a lot, but i am also willing to give the price to breath. That's the logic.

If you have any suggestions please tell me, as i am quite new to forex, and some good advices will be brilliant for me
  • #52,191
  • Jul 1, 2013 3:52am Jul 1, 2013 3:52am
Quoting traderathome
EU Long Trade: Entered #1 long, Classic. This is a counter trend trade based on the presumption the MMs will retrace price to reload shorts at some higher price. {image}
EU Long Trade:

Added long #2, Scout re-entry. M1 PVSRA shows MMs stopped the rise (too expensive for longs), lowered the price and eventually traded more heavily again, indicating they are bulls.
Attached Image (click to enlarge)
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  • #52,192
  • Jul 1, 2013 3:53am Jul 1, 2013 3:53am
Quoting traderathome
GU Long Trade: Entered longs #1 and #2, Scouts. M1 PVSRA shows LO MMs pushed price down and once below whole number they traded more heavily, indicating they are bulls. {image}

can you explain why you take this positon ???
thanks alot
  • #52,193
  • Jul 1, 2013 3:55am Jul 1, 2013 3:55am
Quoting Vikingi
{quote} As i have a small bankroll , i am not willing to risk a lot, but i am also willing to give the price to breath. That's the logic. If you have any suggestions please tell me, as i am quite new to forex, and some good advices will be brilliant for me

Fair enuf. The next time you post, post according to the rules. You must use the Sonic template, and you must post a screen shot. tah and I trade differently, and he was here first. He is a vet, and so am I. If you have to make a decision, go with him first.

Why?

Because I am the new kid.

Next time you post, follow the rules, and we can help you.
If you are good at something, never do it for free--Joker
  • #52,194
  • Jul 1, 2013 3:56am Jul 1, 2013 3:56am
Quoting traderathome
{quote} EU Long Trade: Added long #2, Scout re-entry. M1 PVSRA shows MMs stopped the rise (too expensive for longs), lowered the price and eventually traded more heavily again, indicating they are bulls. {image}

Sweet.

Where is your stop?
If you are good at something, never do it for free--Joker
  • #52,195
  • Jul 1, 2013 3:58am Jul 1, 2013 3:58am
Quoting traderathome
GU Long Trade: Entered longs #1 and #2, Scouts. M1 PVSRA shows LO MMs pushed price down and once below whole number they traded more heavily, indicating they are bulls. {image}
Quoting ramin1234
{quote} can you explain why you take this positon ??? thanks alot
PVSRA, GU: Bulls or Bears?

I already did. I said the MMs pushed the price below the whole number SR and traded more heavily, indicating the MMs are bulls, and that this was shown on M1.
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  • #52,196
  • Jul 1, 2013 4:03am Jul 1, 2013 4:03am
Quoting jmn5611
{quote} Sweet. Where is your stop?
EU: I rarely set pending SL orders. I judge for myself as the trade runs, what to do. My trading is very much "hands on" for me and "hands off" for my brokers.
  • #52,197
  • Jul 1, 2013 4:09am Jul 1, 2013 4:09am
Quoting traderathome
{quote} EU: I rarely set pending SL orders. I judge for myself as the trade runs, what to do. My trading is very much "hands on" for me and "hands off" for my brokers.

Okay, I understand that. So where is your mental stop? I doubt your brokers are watching this thread, so, for the Sonicers, where would your mental stop be?
If you are good at something, never do it for free--Joker
  • #52,198
  • Jul 1, 2013 4:10am Jul 1, 2013 4:10am
Quoting traderathome
GU Long Trade: Entered longs #1 and #2, Scouts. M1 PVSRA shows LO MMs pushed price down and once below whole number they traded more heavily, indicating they are bulls. {image}
GU Long Trade:

Added long #3, Scout re-entry as bull MMs pulled price back to 1/4SR. Adjusted TPl
Attached Image (click to enlarge)
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  • #52,199
  • Jul 1, 2013 4:11am Jul 1, 2013 4:11am
Quoting traderathome
{quote} {quote} PVSRA, GU: Bulls or Bears? I already did. I said the MMs pushed the price below the whole number SR and traded more heavily, indicating the MMs are bulls, and that this was shown on M1. {image}
thank you for answer me .
I ask another question where is whole number , half number and...? please show me in chart ?
  • #52,200
  • Jul 1, 2013 4:13am Jul 1, 2013 4:13am
Quoting jmn5611
{quote} Okay, I understand that. So where is your mental stop? I doubt your brokers are watching this thread, so, for the Sonicers, where would your mental stop be?
EU would have to drop below previous lows, below the lower whole number. If that happened I would still wait a bit to see if higher volumes came in. If PVSRA shows the MMs didn't take the price back down to reload longs, didn't show redeeming volume, then I would close the trade.
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