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Sonic R. System

  • #56,901
  • Aug 20, 2013 3:31am Aug 20, 2013 3:31am
eurusd 3 dragons

buyers coming in at the high volume, narrow range bar (red circle) but not nimble enough to get the entry.... 3RR missed....

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  • #56,902
  • Aug 20, 2013 3:33am Aug 20, 2013 3:33am
Quoting loeil
{quote} GU Short Trade: Added short #26 - #29 MMs pumped the price up to S&R area before Lc. Still looking for better shorts and catching SLs. {image} {image}
GU Short Trade: Added short #30 MMs pumped the price on very high volume again. Intend to add more shorts if there will be another pump.
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Whatever is obvious is obviously wrong!"
  • #56,903
  • Aug 20, 2013 3:35am Aug 20, 2013 3:35am
Thank you.

Quoting mcglunt12
I have followed this thread for a long time and don't participate. As a thank you for all who post in here. This may be a benefit to you or not, but I thought I'd post it anyway. For money management I have used an excel spreadsheet to reflect my trades and projected goals for a year out. Mainly the year was done because my wife wanted to see what was possible. I have notes on the .pdf explaining most of what each item does. The rates that are in here are based on a micro account (and I advise all who are starting FX live start with a micro account)....
Some pursue happiness, others create it.
  • #56,904
  • Aug 20, 2013 3:37am Aug 20, 2013 3:37am
Quoting JRissa
UC long trade EP1 & EP2 scouts Based on PVSRA. Possible H/S pattern forming at 4h chart. PVSRA indicating MM's are bulls. {image} {image} {image}

USDCHF added long EP3 scout

Based on PVSRA -> Ultrahigh volumes when price went below full number.
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I know the secret...
  • #56,905
  • Aug 20, 2013 3:38am Aug 20, 2013 3:38am
Quoting JRissa
{quote} USDCHF added long EP3 scout Based on PVSRA -> Ultrahigh volumes when price went below full number. {image}

my exact thoughts!!
  • #56,906
  • Aug 20, 2013 3:38am Aug 20, 2013 3:38am
EU: Added short scout 41-45 as MMs push prices up to new highs to collect more shorts. Now I have an even better average prices.

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insanity: Doing the same thing over... and expecting different results -AE
  • #56,907
  • Aug 20, 2013 3:46am Aug 20, 2013 3:46am
EU comment: De ja vu? MMs are loving the 3375 SR level for short collection. Note how the current spike is even higher than the previous. Take out them stops. These signs are too obvious that MMs are BEARs.

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insanity: Doing the same thing over... and expecting different results -AE
  • #56,908
  • Aug 20, 2013 3:46am Aug 20, 2013 3:46am
Quoting traderathome
{quote} GU Short Trade: Added short Scout #31, PVSRA based. Adjusted TP. {image}
GU Short Trade: Added short Scouts #32 - #35, PVSRA based. Adjusted TP.
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  • #56,909
  • Aug 20, 2013 3:53am Aug 20, 2013 3:53am
UJ Comment (and Sticking Neck Out)

Dragon just crossed Trend on H1. Normally, will be pullback by bears. This time (in 1-3 days, based on USD releases that are coming) no pullback, but a run back! A run back thru the Dragon and on to new highs, even as other YEN pairs are bearish. We'll see. There! I just stuck my neck out on a prediction.
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  • #56,910
  • Aug 20, 2013 3:55am Aug 20, 2013 3:55am
Quoting JRissa
{quote} {quote} No update on EU & GU. Price still ranging at tops of range with high activity at highest prices -> MM's bears and loading still. Not enough price movement to higher prices for adding. {image} {image}

EU added short EP3 scout.
Based on PVSRA
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I know the secret...
  • #56,911
  • Aug 20, 2013 4:26am Aug 20, 2013 4:26am
Some definitions

As I've finished trading for the morning I would like to point out that there is only ONE Yen Pair - UsdJpy - all of the others are Yen Crosses whose values are obtained from UsdJpy by multiplying its value by the other Pair being used...

Viz: UsdJpy * EurUsd = EurJpy .....


From BabyPips..

Euro and Yen Crosses

After the U.S. dollar, the euro and yen are the most traded currencies. And like the U.S. dollar, the euro and yen are also held as reserve currencies by different countries. So this makes the euro and yen crosses the most liquid outside of the U.S. dollar-based "majors".

Trading the Euro Crosses

The most popular EUR crosses are EUR/JPY, EUR/GBP, and EUR/CHF.

News that affects the euro or Swiss franc will be felt more in EUR crosses than EUR/USD or USD/CHF.

U.K. news will greatly affect EUR/GBP.

Oddly enough, U.S. news plays a part in the movement of the EUR crosses.
U.S. news makes strong moves in GBP/USD and USD/CHF. This not only affects the price of the GBP and CHF against the USD, but it could also affect the GBP and CHF against the EUR.

A big move higher in the USD will tend to see a higher EUR/CHF and EUR/GBP and the same goes for the opposite direction. Let's say that the US
shows positive economic data causing the USD to rise. This means that GBP/USD would fall, driving the price of the GBP down. At the same time USD/CHF would rise, also driving the price of the CHF down.

The drop in GBP price would then cause EUR/GBP to rise (since traders are selling off their GBP).

The drop in CHF price would also cause EUR/CHF to rise (since traders are selling off their CHF).

Conversely, this would also work in the opposite direction if the U.S.
showed negative economic data.

Trading the Yen Crosses

The JPY is one of the more popular cross currencies and it is basically traded against all of the other major currencies.

EUR/JPY has the highest volume of the JPY crosses as of February 2010.

GBP/JPY, AUD/JPY, and NZD/JPY are attractive carry trade currencies because they offer the highest interest rate differentials against the JPY.

When trading JPY cross pairs, you should always keep an eye out on the USD/JPY. When key levels are broken or resisted on this pair, it tends to spill over into the JPY cross pairs.


Now I feel much better
Trading Levels with WRBs
  • #56,912
  • Aug 20, 2013 4:41am Aug 20, 2013 4:41am
Quoting Islander
{quote} Closed in the spike down to the **00 level and if you can't beat them - join them! 287 x 20 = 5,740 so called pips {image}
Wow well done Islander!

Sent PM to you
Whatever is obvious is obviously wrong!"
  • #56,913
  • Aug 20, 2013 5:36am Aug 20, 2013 5:36am
Took some equity from EURAUD by my new system:
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Everything is possible!!! Step by Step...
  • #56,914
  • Aug 20, 2013 6:07am Aug 20, 2013 6:07am
Quoting traderathome
UJ Comment (and Sticking Neck Out) Dragon just crossed Trend on H1. Normally, will be pullback by bears. This time (in 1-3 days, based on USD releases that are coming) no pullback, but a run back! A run back thru the Dragon and on to new highs, even as other YEN pairs are bearish. We'll see. There! I just stuck my neck out on a prediction. {image}
Just wondering if you are straying off the PVSRA path into what your gut is telling you. Stick to the plot; trade what PVSRA tells you to avoid the traders (mm's) plot sticking it to you. Simples.
Katte, kabuto no o wo shime yo. Size doesn't matter, leverage is the killer
  • #56,915
  • Aug 20, 2013 6:13am Aug 20, 2013 6:13am
Quoting traderathome
UJ Comment (and Sticking Neck Out) Dragon just crossed Trend on H1. Normally, will be pullback by bears. This time (in 1-3 days, based on USD releases that are coming) no pullback, but a run back! A run back thru the Dragon and on to new highs, even as other YEN pairs are bearish. We'll see. There! I just stuck my neck out on a prediction. {image}
Well you have never been afraid of doing that

As you can see from my posts of the UsdJpy hourly chart - work in progress - I have concluded that the big guys were distributing above the 98 level, so it will be interesting to see the outcome - the first hint for me will be what happens ~the 97.50 level after the moderate buying / profit taking around the 97 level.....

Another point on Yen Crosses is that selling a total of say 20 micros each of AudJpy, EurJpy and GbpJpy is in effect taking an almost 60 m lot short in UsdJpy......with small differences due to variations in the local currencies.....

Regards

Islander
Trading Levels with WRBs
  • #56,916
  • Aug 20, 2013 6:16am Aug 20, 2013 6:16am
EU: Added short scout ep46.

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insanity: Doing the same thing over... and expecting different results -AE
  • #56,917
  • Aug 20, 2013 7:04am Aug 20, 2013 7:04am
USD/CAD Bears or Bulls

based on my analysis I have concluded that the MMs are Bulls building up their long positions in anticipations to the US Data releases tomorrow
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  • #56,918
  • Aug 20, 2013 7:10am Aug 20, 2013 7:10am
What a rollercoaster..

Inserted Video


Sonic
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  • #56,919
  • Aug 20, 2013 7:16am Aug 20, 2013 7:16am
Quoting sonicdeejay
What a rollercoaster.. Sonic {image}

agreed, a quick dollar sell off at the first US open - but so far a HL.....

I closed another UJ short in the spike down to the MS 2 level at 97.06 - the US guys are really perky this morning
Trading Levels with WRBs
  • #56,920
  • Aug 20, 2013 7:22am Aug 20, 2013 7:22am
GBP/JPY Classic Sonic Long Entry

Beginning to look like a potential entry
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