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Sonic R. System

  • #70,581
  • May 6, 2014 12:27am May 6, 2014 12:27am
EU closed manually for +24p. Don't think it will go much higher today. Bears could be pushing price above whole number to add shorts?
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  • #70,582
  • May 6, 2014 12:31am May 6, 2014 12:31am
AUDUSD long build with Sl. I now about news AUD today
First order clasic M1 after LO.
H1 TP.
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  • #70,583
  • May 6, 2014 12:41am May 6, 2014 12:41am
GBPCHF long build.
I know first entry clasic, but I see potential up.
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  • #70,584
  • May 6, 2014 12:45am May 6, 2014 12:45am
EUR/JPY 2 longs closed

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  • #70,585
  • May 6, 2014 1:24am May 6, 2014 1:24am
Quoting cigarguy
{quote} Repsaj, Did you notice the H1 wick at the low with the buying volume on the next candle running price above the whole number? But its Monday and early in the week Regards, Cigarguy {image}
Cigarguy,
You were right, I did not listen. Sometimes, objectivity is lost and one seeks the reason given himself anyway. I hope I have learned my lesson.
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Check your emotions. How are you?
  • #70,586
  • May 6, 2014 1:40am May 6, 2014 1:40am
Quoting traderathome
{quote} EURUSD Short Trade Update: Added shorts #2-3 as MMs whipped the price back up to the 1/4 Level after whacking if down from the recent highs up there. This could prove to be a tumultuous day for this pair. If the MMs whip it sufficiently further (upper half number/RDH ?) I might add to this short trade, because for many many days the bulk of volume has been at various highs and coming down off of the highs, indicating the MMs are bears. Sooner or later there will be a substantial bear run for profits, imho and based on my results from PVSRA....
EURUSD Short Trade Closed:

Manually closed trade for 1,398.3 pips loss. I added two additional shorts (bad idea) subsequent to last post.
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  • #70,587
  • May 6, 2014 1:56am May 6, 2014 1:56am
Quoting traderathome
UChf Long Trade Opened: Entered long #1, pre-LS Classic. Edit: About 4 hrs. later, added long #2, Scout. Price was brought down to previous support area that got broken by the "buying thrust" yesterday. {image} {image}
UChf Long Trade Closed:

Previously closed this ongoing and losing trade for 1,499.2 pips loss. Additional positions added (bad idea) after initial posting. Clearing the slate.
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  • #70,588
  • May 6, 2014 1:58am May 6, 2014 1:58am
Quoting traderathome
{quote} UChf Long Trade Closed: Previously closed this ongoing and losing trade for 1,499.2 pips loss. Additional positions added (bad idea) after initial posting. Clearing the slate. {image}

Refreshing to know that not all trades are perfect. We live, we learn.
  • #70,589
  • May 6, 2014 2:04am May 6, 2014 2:04am
Quoting traderathome
{quote} EURUSD Short Trade Closed: Manually closed trade for 1,398.3 pips loss. I added two additional shorts (bad idea) subsequent to last post. {image}
Hi TAH, can explain because you finished closing? I see very overbought.

Thanks.
  • #70,590
  • May 6, 2014 2:04am May 6, 2014 2:04am
Quoting allisonmagic
{quote} Refreshing to know that not all trades are perfect. We live, we learn.
Seems I live, but don't always learn from it. This is precisely why Master Sonicdeejay says do not add to a trade in the red. I could simply have cut it loose a lot earlier and not have had it buggering the account all that time.

-tah
  • #70,591
  • May 6, 2014 2:13am May 6, 2014 2:13am
Quoting cigarguy
{quote} wizz2014, It's easy just right click and save as a picture to your desktop and upload from your desktop. You must learn to post charts if you want to learn and stick around {image}
Thank you cigarguy!
  • #70,592
  • May 6, 2014 2:16am May 6, 2014 2:16am
Quoting wizz2014
{quote} GBPAUD & EURAUD - think these pairs are bearish. Sorry all that I wasnt able to post my chart just yet. I am new so still working on how to upload my charts. But am referring to the very long wick candle that resulted from the trade balance announcement a moment ago. There was no buying interest despite the negative news. So I have placed short entries for these two pairs
Update: added two more shorts. Highlighted the areas I saw bearish interests. Please critique and let me know. thx
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  • #70,593
  • Edited 2:41am May 6, 2014 2:24am | Edited 2:41am
Quoting wizz2014
{quote} GBPAUD & EURAUD - think these pairs are bearish. Sorry all that I wasnt able to post my chart just yet. I am new so still working on how to upload my charts. But am referring to the very long wick candle that resulted from the trade balance announcement a moment ago. There was no buying interest despite the negative news. So I have placed short entries for these two pairs
Quoting wizz2014
{quote} Update: added two more shorts. Highlighted the areas I saw bearish interests. Please critique and let me know. thx {image}
You said earlier there was no buying interest on negative news. There is nothing wrong with doing individual candle PVSRA. Just remember that PVSRA is not an entry method. There are times when such as this situation looks like a "slam dunk" for a short, and some days later when the price is much higher you will wonder about the wisdom of that shorting.

Every trader trades the way they want to, and at times we all do what you are doing. I hope it works for you. Please keep in mind, though, the Classic trade validated with PVSRA is what we all should be doing. Currently the Dragon is angled up, PA is above both the Dragon and the Trend line. So, you have a feeling the MMs are bears, but the "...let the dragon and PA show the way...." is conflicting. If indeed this goes into a bear swing down, it might first do so after some more upside, and then a valid Classic short setup, at which point there would be less risk to shorting.

-tah
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  • #70,594
  • May 6, 2014 2:38am May 6, 2014 2:38am
Quoting traderathome
{quote} {quote} You said earlier there was no buying interest on negative news. There is nothing wrong with doing individual candle PVSRA. Just remember that PVSRA is not an entry method. There are times when such as this situation looks like a "slam dunk" for a short, and some days later when the price is much higher you will wonder about the wisdom of that shorting. Every trader trades the way they want to, and at times we all do what you are doing. I hope it works for you. Please keep in mind, though, the Classic trade validated with PVSRA is...
Thank you Prof TAH, very helpful explanation, it is!
  • #70,595
  • May 6, 2014 2:45am May 6, 2014 2:45am
Sir Tah..

Send u a mail

Sonic
  • #70,596
  • May 6, 2014 2:59am May 6, 2014 2:59am
Quoting traderathome
{quote} UChf Long Trade Closed: Previously closed this ongoing and losing trade for 1,499.2 pips loss. Additional positions added (bad idea) after initial posting. Clearing the slate. {image}
Thank you for posting the losses as well. my question lies with whether you still feel your analysis was correct or not. Do you still feel the same about UC and EU and will you be looking to re-enter with more confirmation or do you wipe the slate clean with the PVSRA and start fresh and forget about your previous analysis completely? Just wondering how you handle these situations.

Thanks
Bill
  • #70,597
  • May 6, 2014 3:08am May 6, 2014 3:08am
Quoting billko1977
{quote} Thank you for posting the losses as well. my question lies with whether you still feel your analysis was correct or not. Do you still feel the same about UC and EU and will you be looking to re-enter with more confirmation or do you wipe the slate clean with the PVSRA and start fresh and forget about your previous analysis completely? Just wondering how you handle these situations. Thanks Bill
I do think EU is predominately bear and UChf is bull. But until the trends are truly reversed, there is also a lot of up/down trading - position creation either way and then profit taking - while price goes nowhere. These two have been confined to a 200+ pips range for three months! My clearing out some of the dead wood just helps me to brighten my spirits and refocus.

-tah
  • #70,598
  • Edited 3:54am May 6, 2014 3:19am | Edited 3:54am
Guys, checkout this (inverted) Head & Shoulders on AUDCAD with buying volume at lows after a run down. Surely it's worth considering a crack at. I'll be looking for a break and a classic entry. What do you think?
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  • #70,599
  • May 6, 2014 3:25am May 6, 2014 3:25am
Quoting TrendyTrade
Guys, checkout this Head & Shoulders on AUDCAD with buying volume at lows after a run down. Surely it's worth considering a crack at. I'll be looking for a break and a classic entry. What do you think?{image}
1. If if was, it would be an inverted H&S, but looks too sloppy. More like just ranging.
2. You drew neckline wrong.
  • #70,600
  • May 6, 2014 3:43am May 6, 2014 3:43am
USDCHF - bulls. Price came to support area on very high volume. Also there is a nice buying wick on M15.

I don't take that, because I have 4 pairs opened for now.
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Whatever is obvious is obviously wrong!"
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