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Sonic R. System

  • #70,261
  • May 2, 2014 4:38am May 2, 2014 4:38am
valid classic entry?
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  • #70,262
  • May 2, 2014 4:43am May 2, 2014 4:43am
Quoting allisonmagic
{quote} Hi DDaniel. I'm watching this cross as well. IMHO You might wanna zoom out a bit from the 1m. I see bears posing as bulls and building positions 2 days before NFP's. looks like it broke the whole 8650 area and pinning now. however it's too early to tell where they will reverse this one. i'll be ready about 15m before the release, building shorts around that time. notice the weakened volume around the highs. looks like divergence. Price being supported around DS1 and MS1 in order to keep the price high for greedy MMs. At the same time we...

I hope, that we all are right guys ) im already a longer time building short positions. But not well build Still noob
Because i see lot of pumping above ressistances and then greater sell activites.
1 classic was there too

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  • #70,263
  • May 2, 2014 4:45am May 2, 2014 4:45am
Quoting bolehbah69
valid classic entry? {image}
For me is good. Dragon above, wave is it.
Only support is strong.
Tp to SL is not good
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  • #70,264
  • May 2, 2014 4:46am May 2, 2014 4:46am
I had my share of NZD USD last week and I was not watching the pair since then. I also see that the price is near resistance without the MMs favoring the highs, so I am not building shorts here, but I am glad to see some bear signs, because I am long on the USD against eur and gbp
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  • #70,265
  • May 2, 2014 4:48am May 2, 2014 4:48am
Quoting FXRobert
{quote} For me is good. Dragon above, wave is it. Tp to SL is not good
normally what tp you put? i usually put before any line like MS1/MR1/DR1 or pivot
  • #70,266
  • May 2, 2014 4:52am May 2, 2014 4:52am
Quoting DDaniel
I had my share of NZD USD last week and I was not watching the pair since then. I also see that the price is near resistance without the MMs favoring the highs, so I am not building shorts here, but I am glad to see some bear signs, because I am long on the USD against eur and gbp {image}

Yeah i'm a USD bull too Let's get em !
  • #70,267
  • May 2, 2014 4:53am May 2, 2014 4:53am
Quoting bolehbah69
{quote} normally what tp you put? i usually put before any line like MS1/MR1/DR1 or pivot

Depends on your money management and your analysis, etc ...

But i think at least this ..

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  • #70,268
  • May 2, 2014 4:56am May 2, 2014 4:56am
Quoting bolehbah69
{quote} normally what tp you put? i usually put before any line like MS1/MR1/DR1 or pivot
TP is less than SL
If Your SL is 10 pips TP 15, 20, 30, 50 not less SL.
In the longer time you will not win.
  • #70,269
  • May 2, 2014 5:00am May 2, 2014 5:00am
Quoting FXRobert
{quote} TP is less than SL If Your SL is 10 pips TP 15, 20, 30, 50 not less SL. In the longer time you will not win.
agreed.. even if you have a 1:2 Risk reward you can still be profitable even with less than a 50% win rate

lately I have been scalping the 1m-5m timeframes and I will say that with small SL's and TP's I'd rather not set my SL to BE and just let the trade run its course. More often than not you will set your SL to BE and immediately price will reverse to hit your SL.

We should clearly define our risk reward and just let the market play out.
  • #70,270
  • May 2, 2014 5:04am May 2, 2014 5:04am
GBPAUD I start watching for short, but not entry yet.
Prrice up, up but volumen down, down. Weakness it comes.

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  • #70,271
  • May 2, 2014 5:04am May 2, 2014 5:04am
classic short setup
What do you think about it ?

Regards
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  • #70,272
  • May 2, 2014 5:11am May 2, 2014 5:11am
AUD/USD 2 short scouts closed with 67 pips profit.

And TAH, my "closed price label" was out of screen again and really help this setting on "1" (2 was still too down on the screen)

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  • #70,273
  • May 2, 2014 5:27am May 2, 2014 5:27am
USDCHF is looking bearish on the 5M chart. I'm already short, but I think a rally up to the whole number level 0.88000 is likely to happen very soon, before prices goes down much more. Let's see...
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  • #70,274
  • May 2, 2014 5:40am May 2, 2014 5:40am
Quoting dvarrin
USDCHF is looking bearish on the 5M chart. I'm already short, but I think a rally up to the whole number level 0.88000 is likely to happen very soon, before prices goes down much more. Let's see... {image}
USDCHF - looks bullish to me.

Be careful with that. Strong support area on H4.
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Whatever is obvious is obviously wrong!"
  • #70,275
  • May 2, 2014 5:43am May 2, 2014 5:43am
Quoting Dyekid217
{quote} agreed.. even if you have a 1:2 Risk reward you can still be profitable even with less than a 50% win rate lately I have been scalping the 1m-5m timeframes and I will say that with small SL's and TP's I'd rather not set my SL to BE and just let the trade run its course. More often than not you will set your SL to BE and immediately price will reverse to hit your SL. We should clearly define our risk reward and just let the market play out.

I'd love to learn how to scalp. That's one thing i never learned
  • #70,276
  • May 2, 2014 5:47am May 2, 2014 5:47am
Quoting Jouker
{quote} I hope, that we all are right guys ) im already a longer time building short positions. But not well build Still noob Because i see lot of pumping above ressistances and then greater sell activites. 1 classic was there too 1418346 {image}

yeah it's a bit too early to start building definitely a USD bull though
  • #70,277
  • May 2, 2014 5:52am May 2, 2014 5:52am
Quoting allisonmagic
{quote} I'd love to learn how to scalp. That's one thing i never learned
With PVSRA I think any style of trading will work
  • #70,278
  • May 2, 2014 5:57am May 2, 2014 5:57am
Quoting loeil
{quote} USDCHF - looks bullish to me. Be careful with that. Strong support area on H4. {image} {image}
On my H4 chart, it looks also quite bearish. The highlighted bars having big volume are not exactly the same. Recently the volume appeared at the lows, but I'm wondering if the last big red candle is not showing some resistance above too.

Anyway, I'll be careful ;-)
  • #70,279
  • May 2, 2014 6:03am May 2, 2014 6:03am
Quoting Dyekid217
{quote} With PVSRA I think any style of trading will work
I agree with you
With PVSRA & money management, I can ignore all trade entry method (include Scout & Classic).
  • #70,280
  • May 2, 2014 6:08am May 2, 2014 6:08am
GBPJPY H1 nice bear. It time for me add first order, but I watching when price near TL H4, D1

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