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Sonic R. System

  • #64,201
  • Jan 16, 2014 7:20pm Jan 16, 2014 7:20pm
Quoting traderathome
{quote} qFish, Yeehaw! 660 pips! Congratulations on a profitable trade from well placed Scouts. Did I say "well placed Scouts"? They were perfectly placed Scouts! What a trader you are! {image}
Thank you Tah! Means a lot coming from you!
insanity: Doing the same thing over... and expecting different results -AE
  • #64,202
  • Jan 16, 2014 7:35pm Jan 16, 2014 7:35pm
Look at Our Old Friend, EJ

H1 shows the potential for a Classic Sonic R. System setup to form on a lower TF, as well as the potential pips run for such a setup.
M15 shows that could happen at any time. The M15 PA waveform might complete as-is, or it might get superseded by another wave later. Time will tell.
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  • #64,203
  • Jan 16, 2014 10:34pm Jan 16, 2014 10:34pm
E/U : bearish

Daily: i just felt like drawing the 2 lines, would anyone have done that as well? If it breaks the uptrend line then that's where i'll short more.

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Hourly: I think its human nature to see things and notices them when you feel they are that way. Its like a guy's nature to notice hot girls at town..

And i admit when i'm in a long trade, i do best when looking for signs that show accumulation of longs. And the shorts with high volume, somehow i would managed to tell myself nah that's accu of longs!

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15m: i don't know..


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Once again i went to the 5min, i see accumulation of longs! im just standing aside for now
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the Long trade closed for 20 pips
When in doubt, Go fking sleep.
  • #64,204
  • Jan 16, 2014 11:24pm Jan 16, 2014 11:24pm
Quoting Cinwinston
E/U : bearish Daily: i just felt like drawing the 2 lines, would anyone have done that as well? If it breaks the uptrend line then that's where i'll short more. {image} Hourly: I think its human nature to see things and notices them when you feel they are that way. Its like a guy's nature to notice hot girls at town.. And i admit when i'm in a long trade, i do best when looking for signs that show accumulation of longs. And the shorts with high volume, somehow i would managed to tell myself nah that's accu of longs!{image} 15m: i don't know.. {image}...
What you marked as accumulation of longs when the price went up to just below the half number and then showed notable volumes is not accumulation of longs. If the price was in decline from above the half number and dropped just below it and then showed notable volumes, that would be buying (either closing shorts or accumulating longs). EU has been ranging with price mostly above the whole number. It came down to the whole number area two days ago, and has been bouncing along, mostly with PA above the whole number. This could be an indication of re-accumulation of shorts before another leg down, because the MMs are keeping the price mostly above the whole number, which is where they prefer to build short. And that episode where the price spiked up to just under the half number for awhile, well that could very well be the MMs manipulating the price to accumulate premium short orders by hitting stops on shorts and by triggering pending long orders.
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  • #64,205
  • Jan 16, 2014 11:34pm Jan 16, 2014 11:34pm
EJ Short Trade Opened:

Entered short #1, pre-LS Classic.
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  • #64,206
  • Jan 17, 2014 12:47am Jan 17, 2014 12:47am
GU Long Scout
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I believe MM's are bulls as price has now been brought back down below the 1/4 number support for the fourth time on high/relatively increasing volume.
Edit: Will wait it out to see where I decide to place SL and TP for the moment.
  • #64,207
  • Edited 1:47am Jan 17, 2014 1:33am | Edited 1:47am
Quoting loeil
GU - long. {image}
Quoting loeil
{quote} GU - looks like accumulation.. {image}
GU - just awesome Trade what you see! Chart never lies!

Btw remember, when everyone else is selling then smart money is buying. And otherwise. Now I'm gonna wait when market calms down, it is friday I don't expect other big moves or big reversal today. I'm not gonna start build shorts yet, maybe at the beginning of next week.
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Whatever is obvious is obviously wrong!"
  • #64,208
  • Jan 17, 2014 1:37am Jan 17, 2014 1:37am
Quoting SaiLyfee
GU Long Scout {image} I believe MM's are bulls as price has now been brought back down below the 1/4 number support for the fourth time on high/relatively increasing volume. Edit: Will wait it out to see where I decide to place SL and TP for the moment.
Quoting loeil
{quote} {quote} GU - just awesome Trade what you see! Chart never lies! {image}
Congrats to both of you! Fantastic move, 100 pips less than 5 minutes.

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  • #64,209
  • Jan 17, 2014 1:44am Jan 17, 2014 1:44am
GBPUSD scout short building begin
add first small short

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  • #64,210
  • Jan 17, 2014 1:49am Jan 17, 2014 1:49am
Quoting loeil
{quote} {quote} GU - just awesome Trade what you see! Chart never lies! Btw remember, when everyone else is selling then smart money is buying. And otherwise. Now I'm gonna wait when market calms down, it is friday I don't expect other big moves or big reversal today. I'm not gonna start build shorts yet, maybe at the beginning of next week. {image}
yes, Yes , YES !!!!
  • #64,211
  • Jan 17, 2014 1:54am Jan 17, 2014 1:54am
Quoting loeil
{quote} {quote} GU - just awesome Trade what you see! Chart never lies! Btw remember, when everyone else is selling then smart money is buying. And otherwise. Now I'm gonna wait when market calms down, it is friday I don't expect other big moves or big reversal today. I'm not gonna start build shorts yet, maybe at the beginning of next week. {image}

Congrats to all who long GU. As usual, I didn't take this trade, because of usd high impact news later on. Instead, I took gj, gcad & gchf.
  • #64,212
  • Jan 17, 2014 1:55am Jan 17, 2014 1:55am
Quoting FXRobert
GBPUSD scout short building begin add first small short {image}
Rather dangerous to enter scout this time, maybe you should give more time to see what big money will do. I agree to enter scout short but not now and today is Friday. I play safe today. Not much to do now, just observing.

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  • #64,213
  • Jan 17, 2014 2:02am Jan 17, 2014 2:02am
Quoting MrAmazing
{quote} Rather dangerous to enter scout this time, maybe you should give more time to see what big money will do. I agree to enter scout short but not now and today is Friday. I play safe today. Not much to do now, just observing. {image}
I your risk management
Don’t ever let someone tell you that you can’t do something.
  • #64,214
  • Jan 17, 2014 2:05am Jan 17, 2014 2:05am
Quoting loeil
GU - long. {image}
Quoting loeil
{quote} GU - looks like accumulation.. {image}
Quoting loeil
{quote} {quote} GU - just awesome Trade what you see! Chart never lies! Btw remember, when everyone else is selling then smart money is buying. And otherwise. Now I'm gonna wait when market calms down, it is friday I don't expect other big moves or big reversal today. I'm not gonna start build shorts yet, maybe at the beginning of next week. {image}
GU - one more notice. Look at what happened just before the news and with LO opening. MMs brought the price down and look at that sudden volume raise! And as you see, there is some doji or spin just before the news and look at the wick. This wick was longer than previous wicks and it takes all the SL-s what are set there and also this move makes all the herds to sell! And now all the way is clean

This is just what I saw..
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Whatever is obvious is obviously wrong!"
  • #64,215
  • Jan 17, 2014 2:06am Jan 17, 2014 2:06am
Quoting MrAmazing
{quote} Rather dangerous to enter scout this time, maybe you should give more time to see what big money will do. I agree to enter scout short but not now and today is Friday. I play safe today. Not much to do now, just observing. {image}
Thx for caring. OK. I will watching next move. I testing my vision of scout sonic samething like loeil but I have same different. My first order every after fast move and very tall candle. GU it is.
  • #64,216
  • Jan 17, 2014 2:12am Jan 17, 2014 2:12am
Quoting loeil
{quote} {quote} GU - just awesome Trade what you see! Chart never lies! Btw remember, when everyone else is selling then smart money is buying. And otherwise. Now I'm gonna wait when market calms down, it is friday I don't expect other big moves or big reversal today. I'm not gonna start build shorts yet, maybe at the beginning of next week. {image}

Exactly!
I was on this trade too.

PVSRA explanation:
Ultrahigh volumes at lows, no advance movement to downside, heavy bullish reaction on last dip down (squared 15m candle).
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I know the secret...
  • #64,217
  • Jan 17, 2014 2:12am Jan 17, 2014 2:12am
Quoting Armacom
{quote} I your risk management
TAH teaching us small order, very small orders. It's working. No gread. Small pips + small pips = big acount
  • #64,218
  • Jan 17, 2014 2:17am Jan 17, 2014 2:17am
Quoting JRissa
{quote} Exactly! I was on this trade too. PVSRA explanation: Ultrahigh volumes at lows, no advance movement to downside, heavy bullish reaction on last dip down (squared 15m candle). {image}
Well done Haven't seen you a while..
Whatever is obvious is obviously wrong!"
  • #64,219
  • Jan 17, 2014 2:21am Jan 17, 2014 2:21am
Quoting loeil
{quote} Well done Haven't seen you a while..

Yeah... Been extremely busy elsewhere... I'm trying to get back more often to post, but it's hard right now. I have been less at computer and mostly used iPhone on the go to post +trade and I have to say that it's not fun. Posting from iPhone is really laggy and charts look stupid +can't post more than one chart per post.
I know the secret...
  • #64,220
  • Jan 17, 2014 2:27am Jan 17, 2014 2:27am
Quoting loeil
{quote} {quote} {quote} GU - one more notice. Look at what happened just before the news and with LO opening. MMs brought the price down and look at that sudden volume raise! And as you see, there is some doji or spin just before the news and look at the wick. This wick was longer than previous wicks and it takes all the SL-s what are set there and also this move makes all the herds to sell! And now all the way is clean This is just what I saw.. {image}

When I see GU rising just before the high impact news, I close most of the related gbp trade that are in profit (no regret, as this is how I trade), and let the rest be at the mercy of the news. Luckily, it went my way.

Btw, the lot size is very small, because this is just a 1K account, and I want to have big SL
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