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Sonic R. System

  • #63,201
  • Edited 6:08am Dec 11, 2013 1:33am | Edited 6:08am
AU Short Sonic R. Entry
Reasons for downside bias:
Downtrend H4 TF
Double Top Resistance on H4
Hanging Man pinbar occuring at the edge of the TL

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Would appreciate any thoughts as to your take on the AU also and any feedback on my analysis as I'm still very much in the learning phase, much thanks.
This is only demo I feel I should add.
  • #63,202
  • Dec 11, 2013 1:54am Dec 11, 2013 1:54am
Quoting Msis125125
{quote} You are not the only one! {image}

haha how you like the EJ short now?!
  • #63,203
  • Dec 11, 2013 2:41am Dec 11, 2013 2:41am
Late to short.. early to long..

Sonic
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  • #63,204
  • Dec 11, 2013 4:17am Dec 11, 2013 4:17am
Say thanks to Sonic and TAH
http://www.mql5.com/en/charts/115922...olding-limited
  • #63,205
  • Dec 11, 2013 5:00am Dec 11, 2013 5:00am
Quoting piprum
{quote} Just added to Eur/Jpy short at 141.53, 1st tp 140.87, still watching and hoping to add more, can manually close this entry at anytime all depending on PA. Is anyone else short this pair? hope I am not the only one selling...lol

3rd short opened on EJ, looking for bear continuation for now at 141.10, PA stalling just above my TP1(just 5pips before turning up), sl 40pips
  • #63,206
  • Dec 11, 2013 6:51am Dec 11, 2013 6:51am
Quoting sonicdeejay
Late to short.. early to long.. Sonic {image}

A true sign of Gemini..

Love to flip side too fast..

Sometimes .. trend persist longer than expected...

Inserted Video


Sonic
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  • #63,207
  • Dec 11, 2013 6:56am Dec 11, 2013 6:56am
Quoting Lei
{quote} hi I can't see your stop loss, can you please shed light on the SL regards, Lei
Sure. I rarely use 'em, not as actual pending orders, especially if I think it should be a close one. Most often, so long as I believe in my trade, my "SL" is just a mental picture I have as to where I might quit the trade should it go against me in such a way as to have me lose confidence in it.

Master Sonicdeejay recommends wide, very wide SL's, like up to 100 pips for EU.
  • #63,208
  • Edited 7:20am Dec 11, 2013 7:02am | Edited 7:20am
AU Comment

Sonicers, once again (3rd time I've posted this), take a good look. Don't let a bit of bear PA fool you, because it is a necessary part of what bull MMs do during an Accumulation Phase to attract shorts to provide the liquidity for the MMs to add longs. Just my opinion here. Do what you want, but note the upcoming releases! Also note that PA has newly formed a potential inverted H&S pattern within the Accumulation Phase, with a target possibly around 0.9336. It won't be in play until PA moves back up to break the neckline of the pattern.
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  • #63,209
  • Dec 11, 2013 7:38am Dec 11, 2013 7:38am
Quoting traderathome
{quote} AU Nostalgia Long Trade Update: Entered #5 long, a Scout as the price retraced to local resistance from Dec. 6th, resistance now possibly turning to support. Adjusted TP slightly. {image}
AU Nostalgia Long Trade Update: Entered #6 long, a Scout as the price was retraced below the whole number Level S&R by the US MMs.
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  • #63,210
  • Dec 11, 2013 7:45am Dec 11, 2013 7:45am
Quoting traderathome
{quote} AU Nostalgia Long Trade Update: Entered #6 long, a Scout as the price was retraced below the whole number Level S&R by the US MMs. {image}

Clear analysis.. without Emo taking over..


Sonic
  • #63,211
  • Dec 11, 2013 7:49am Dec 11, 2013 7:49am
Quoting sonicdeejay
{quote} A true sign of Gemini.. Love to flip side too fast.. Sometimes .. trend persist longer than expected... https://www.youtube.com/watch?v=j8tpjZ0qz3w#t=71 Sonic {image}
Honesty from the master sonic...
  • #63,212
  • Dec 11, 2013 7:52am Dec 11, 2013 7:52am
Quoting traderathome
{quote} NU Short Trade Update: Added short #5, another Scout, as the price was once again whisked up towards the 1/4 Level S&R on a single bar at the US open. At this posting, the price has gone on to exceed the previous highs made up here. And the price could be pushed even further up. Adding when I did was risky. On the other hand, we know that the MMs prefer to sell (sell to close longs, sell to open shorts) above whole numbers, so this is a PVSRA indication the MMs might be bears getting liquidity to add shorts by sucking in longs with their...
NU Short Trade Update:

Added short #6, another Scout (re-entry), as the US MMs retraced the price up towards the half number Level S&R. Adjusted TP.
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  • #63,213
  • Dec 11, 2013 8:07am Dec 11, 2013 8:07am
AU short hit my TP2 for 400 pips
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Quoting traderathome
AU Comment Sonicers, once again (3rd time I've posted this), take a good look. Don't let a bit of bear PA fool you, because it is a necessary part of what bull MMs do during an Accumulation Phase to attract shorts to provide the liquidity for the MMs to add longs. Just my opinion here. Do what you want, but note the upcoming releases! Also note that PA has newly formed a potential inverted H&S pattern within the Accumulation Phase, with a target possibly around 0.9336. It won't be in play until PA moves back up to break the neckline of the pattern....
Thanks very much for the extra input TAH, while my trade was successful I count myself lucky for it as I realise I was not taking into account the formation posted above. Still got a lot to learn..
May I ask why you've been using the M30 TF for your entries in this trade, as well as your NU trade?
Much thanks
  • #63,214
  • Dec 11, 2013 8:29am Dec 11, 2013 8:29am
Quoting traderathome
{quote} GU Short Trade Update: Added short #5, a Scout, as the price was worked back above the half number Level S&R. If you have been reading the recent posts on this pair, you know more about the "why" of this Scout. Adjusted TP slightly. {image}
GU Short Trade Update: Added shorts #6 & #7, Scout re-entries, as the US MMs retraced price towards the upper whole number Level S&R. Adjusted TP lower.
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  • #63,215
  • Dec 11, 2013 8:31am Dec 11, 2013 8:31am
Quoting SaiLyfee
AU short hit my TP2 for 400 pips {image} {quote} Thanks very much for the extra input TAH, while my trade was successful I count myself lucky for it as I realise I was not taking into account the formation posted above. Still got a lot to learn.. May I ask why you've been using the M30 TF for your entries in this trade, as well as your NU trade? Much thanks
I use M15 for entries, but as time goes on it is impossible to continue to show everything on the M15 chart, so I move to the M30 chart which shows the M15 Dragon-Trend on it, for consistency. Not to belittle your trade, which was excellent, the distance is 40 pips EP to TP, which you might mention if you are not mentioning the size of your trade. It matters. Someone might trade ten full lots and claim four thousand pips on a 40 pip move, and confuse the hell out of folks.

In spite of the recent beta testing of a new Trade Levels indicator that track the actual sizes of trades, I have always subscribed to the belief we should post as pips from EP to TP, or EP to SL as the results of our trade, and not multiply those results by the size of the trade, in order that all traders can be equal.
  • #63,216
  • Edited 10:27am Dec 11, 2013 8:52am | Edited 10:27am
Quoting traderathome
{quote} NU Short Trade Update: Added short #6, another Scout (re-entry), as the US MMs retraced the price up towards the half number Level S&R. Adjusted TP. {image}
NU Short Trade Closed:

I raised the TP and the trade has closed for 303 pips gain, 50.5 pips EPavg to TP.
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  • #63,217
  • Dec 11, 2013 8:58am Dec 11, 2013 8:58am
Quoting traderathome
{quote} I use M15 for entries, but as time goes on it is impossible to continue to show everything on the M15 chart, so I move to the M30 chart which shows the M15 Dragon-Trend on it, for consistency. Not to belittle your trade, which was excellent, the distance is 40 pips EP to TP, which you might mention if you are not mentioning the size of your trade. It matters. Someone might trade ten full lots and claim four thousand pips on a 40 pip move, and confuse the hell out of folks. In spite of the recent beta testing of a new Trade Levels indicator...
I totally aggree with you THT because most time if I see {i just make 2000 pips or 4000pips}, i get worried as to why im i not making such pips,
i think movement from EP to TP. As this will show real profit make
  • #63,218
  • Dec 11, 2013 9:03am Dec 11, 2013 9:03am
Quoting traderathome
{quote} I use M15 for entries, but as time goes on it is impossible to continue to show everything on the M15 chart, so I move to the M30 chart which shows the M15 Dragon-Trend on it, for consistency. Not to belittle your trade, which was excellent, the distance is 40 pips EP to TP, which you might mention if you are not mentioning the size of your trade. It matters. Someone might trade ten full lots and claim four thousand pips on a 40 pip move, and confuse the hell out of folks. In spite of the recent beta testing of a new Trade Levels indicator...
hi traderathome,
may i ask, what is the different between 'scout' and 'classic' entry?
  • #63,219
  • Edited 9:30am Dec 11, 2013 9:05am | Edited 9:30am
Quoting traderathome
{quote} AU Nostalgia Long Trade Update: Entered #6 long, a Scout as the price was retraced below the whole number Level S&R by the US MMs. {image}
AU Nostalgia Long Trade Update:

Entered #7 long, a Scout as the price was retraced further down to another local previous support area. Then entered #8 and #9 longs, Scouts, as price was further torpedoed below the 3/4 Level S&R towards the half number. Finally, added #10 as price was taken down to the half number Level S&R area. Raised TP slightly. I look at this torpedo job on the price as very bullish. It was quick and without significant news, which could mean preparations for the upcoming high impact releases. If so, and since the price was lowered, it means the MMs are bulls and they are building long; buy low, sell high.
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  • #63,220
  • Dec 11, 2013 9:06am Dec 11, 2013 9:06am
Quoting Spot1
{quote} Hi Tah!! What are those blue lines and red, written RWH, RDH, RDL and RWL? What are those 3 vertical lines for as well? Regards Spot
Hi

Can anyone tell me?

Spot
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