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Sonic R. System

  • #69,301
  • Edited 10:59pm Apr 20, 2014 10:43pm | Edited 10:59pm
Quoting AdrianC
GbpJpy Be patience... Pump & Dump around quarter numbers... {image}
GJ PVSRA :

Yes, totally agree. They'll eventually move down. had my short placed, and let's wait for a classic to further confirm =) or perhaps another high volume candle stick.

same happen to UJ
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  • #69,302
  • Apr 20, 2014 11:20pm Apr 20, 2014 11:20pm
accumulation for gold going on ?
  • #69,303
  • Apr 21, 2014 12:20am Apr 21, 2014 12:20am
Today we have many "bank hollidays" again.
In the Asian session has been more volume than last Friday.
Do you intend to be more volatility also in the London session?
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Check your emotions. How are you?
  • #69,304
  • Apr 21, 2014 3:47am Apr 21, 2014 3:47am
Belated Happy Easter folks!

This looks like a possible short trade on the USDJPY. A pinbar has formed at the 50 Fib Retracement level on the H4 chart and a Classic setup is forming on the M15. Let's see what happens next...
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  • #69,305
  • Apr 21, 2014 4:30am Apr 21, 2014 4:30am
EURUSD reversal?
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Check your emotions. How are you?
  • #69,306
  • Edited 6:24am Apr 21, 2014 5:20am | Edited 6:24am
Quoting Repsaj
EURUSD reversal? {image}
It's possible, but personally I'm waiting until I see signs of bears across a wide range of timeframes. As we can see on the WEEK there is still signs of bulls, and with the 1.4 level so close I would imagine the MM's are itching to get in at "Premium" based prices:
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Of couse, anything caaaan happen, I've learnt its better to be patient than jump on the bandwagon right away. The MM's only trade big at prices they are satisfied with, I think its important us retailers to do the same. "Patience is a virtue".
This is just my opinion expressed from my experience trading so far
  • #69,307
  • Apr 21, 2014 5:56am Apr 21, 2014 5:56am
Quoting SaiLyfee
{quote} It's possible, but personally I'm waiting until I see signs of bears across a wide range of timeframes. As we can see on the WEEK there is still signs of bulls, and with the 1.4 level so close I would imagine the MM's are itching to get in at "Premium" based prices: {image} Of couse, anything caaaan happen, I've learnt its better to be patient than jump on the bandwagon right away. The MM's only trade big at prices they are satisfied with, I think its important us retailers to do the same. "Patience is a virtue". This is just my opinion...
I agree with you that in the long term, EURUSD is bullish. But I think that space remains for a retracement of this long weekly candle. Post 69,231.
Thus the market would get liquidity to continue rising.

Traderathome said:"The early part of the week is frequently used by the MMs to reposition prices to favor their accumulation of orders that will yield future profits based on planned future moves... " (post 69,295)
So my hypothesis does not seem very misguided. Since we agree with this, a retracement is likely.

Naturally, this is conjecture on my part. The market will do what it wants.
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Check your emotions. How are you?
  • #69,308
  • Apr 21, 2014 6:04am Apr 21, 2014 6:04am
Classic setup short
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  • #69,309
  • Apr 21, 2014 6:20am Apr 21, 2014 6:20am
Quoting heavenpv
Classic setup short {image}
Personally I see a lot of buying below the 1/4 number:
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This does not invalidate it as a potential Sonic R classic entry however, its just my interpretation as seen from the wicks having formed below the 1/4 number that there may be some bulls lurking. I hope it works out for you and that I'm wrong
  • #69,310
  • Edited 8:14am Apr 21, 2014 7:10am | Edited 8:14am
Hi TAH and guys

I opened a Classic long trade in USDJPY just now, I closed it with only 18pips gained because I suddenly found it the entry price not very ideal. I think that the wave leg#1 which breaks through the dragon is too high, the wave leg#3 should not only break through the dragon, but the wave leg#1 as well, right?
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Trading is not easy
  • #69,311
  • Apr 21, 2014 7:18am Apr 21, 2014 7:18am
Quoting xiaotiao
Hi TAH and guys I opened a Classic long trade in EURUSD just now, I closed it with only 18pips gained because I suddenly found it the entry price not very ideal. I think that the wave leg#1 which breaks through the dragon is too high, the wave leg#3 should not only break through the dragon, but the wave leg#1 as well, right? {image}

xiaotiao,

think you mean USD/JPY ? Your chart
Keep It Simple
  • #69,312
  • Apr 21, 2014 8:15am Apr 21, 2014 8:15am
Quoting cigarguy
{quote} xiaotiao, think you mean USD/JPY ? Your chart
Thanks for the reminder, I edited already. Any comment on my trade?
Trading is not easy
  • #69,313
  • Apr 21, 2014 8:28am Apr 21, 2014 8:28am
Quoting xiaotiao
Hi TAH and guys I opened a Classic long trade in USDJPY just now, I closed it with only 18pips gained because I suddenly found it the entry price not very ideal. I think that the wave leg#1 which breaks through the dragon is too high, the wave leg#3 should not only break through the dragon, but the wave leg#1 as well, right? {image}
xiaotiao,
you right click on your chart > save as picture > active chart (as is) so we can see your access panel that will give us information like pair, time frame.
  • #69,314
  • Apr 21, 2014 9:09am Apr 21, 2014 9:09am
Quoting AdrianC
{quote} xiaotiao, you right click on your chart > save as picture > active chart (as is) so we can see your access panel that will give us information like pair, time frame.
Hi Adrian

I have done as you told me, but what next?I just got a URL but the picture seems like print screen, any difference between doing this and print screen?

Regards
XT
Trading is not easy
  • #69,315
  • Edited 9:52am Apr 21, 2014 9:31am | Edited 9:52am
Quoting xiaotiao
{quote} Hi Adrian I have done as you told me, but what next?I just got a URL but the picture seems like print screen, any difference between doing this and print screen? Regards XT

xiaotiao,

It would also be helpful, for posting and analyzing that you removed that bull/bear indicator to get help from this thread. All here will be happy to help but like to see a clean chart. You'll get a better response from traders here! (maybe just keep a pure Sonic R chart for posting and analyzing PVSRA and stay within the posting guidelines )
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Keep It Simple
  • #69,316
  • Apr 21, 2014 9:57am Apr 21, 2014 9:57am
Quoting heavenpv
Classic setup short {image}
Sl hit
The setup was wrong ?
  • #69,317
  • Apr 21, 2014 10:05am Apr 21, 2014 10:05am
Quoting heavenpv
{quote} Sl hit The setup was wrong ?

heavenpy,

IMO, I usually take a more conservative approach and like to see PA break or come close to breaking the last low for that very reason. Just my style of course its probabilities and some will not agree.
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Keep It Simple
  • #69,318
  • Apr 21, 2014 10:12am Apr 21, 2014 10:12am
Quoting cigarguy
{quote} heavenpy, IMO, I usually take a more conservative approach and like to see PA break or come close to breaking the last low for that very reason. Just my style and some will not agree. {image} {image}
Thank you for your answer
What is you percentage of winnings trades with classic entry ?
  • #69,319
  • Edited 10:39am Apr 21, 2014 10:18am | Edited 10:39am
Quoting heavenpv
{quote} Thank you for your answer What is you percentage of winninge trades with classic entry ?

heavenpy,

Actually I'm not a good person to respond because I mainly scalp on 15m down to 1m t/f's and don't want to cloud this thread with non-classic scalping setups and techniques out of respect to TAH and this thread. With that being said, if I do trade classics, I look for something as I posted above (post 69,318). Others here are more well versed in trading nothing but pure classic setups with win/loss percentages than me.
Keep It Simple
  • #69,320
  • Apr 21, 2014 10:50am Apr 21, 2014 10:50am
EURUSD: long opened

MMs took the price below a hole number, which surprises me because most of banks are closed today.
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