NZD/USD
So .. it worked .. now we will see, what happends - still in trade
So .. it worked .. now we will see, what happends - still in trade
- #71,362
- Edited 9:05am May 13, 2014 8:54am | Edited 9:05am
- Joined Mar 2008 | Status: PVSRA with Traderathome | 23,552 Posts
Here is true irony.
For the past 6 years the more devilish of posters suggested I leave, start my own thread because they didn't like my trading and my commentary about the Deceiving & Thieving MMs. And all the while, I was just trying to get better. Just like they were (or should have been). And now I am better. The lessons driven home by the PVSRA work has helped me tremendously in selecting what Classic setups to trade.
The irony is this. The PVSRA work has turned everyone else into gamblers while helping me become a more discriminating trader of the Sonic R. System.
So, if I leave now, it would be to start my own Sonic R. System thread, made more elegantly simple and successful due to the proper way to utilize PVSRA. And those left behind will have become what I was so long accused of being!
For the past 6 years the more devilish of posters suggested I leave, start my own thread because they didn't like my trading and my commentary about the Deceiving & Thieving MMs. And all the while, I was just trying to get better. Just like they were (or should have been). And now I am better. The lessons driven home by the PVSRA work has helped me tremendously in selecting what Classic setups to trade.
The irony is this. The PVSRA work has turned everyone else into gamblers while helping me become a more discriminating trader of the Sonic R. System.
So, if I leave now, it would be to start my own Sonic R. System thread, made more elegantly simple and successful due to the proper way to utilize PVSRA. And those left behind will have become what I was so long accused of being!
- #71,364
- May 13, 2014 9:03am May 13, 2014 9:03am
- Joined Jan 2007 | Status: Senior Member | 6,517 Posts
Here is true irony. For the past 6 years the more devilish of posters suggested I leave, start my own thread because they didn't like my trading and my commentary about the Deceiving & Thieving MMs. And all the while, I was just trying to get better. Just like they were (or should have been). And now I am better. The lessons driven home by the PVSRA work has helped me tremendously in selecting what Classic setups to trade. The irony is this. The PVSRA work has turned everyone else into gamblers while helping me become a more discriminating trader...
TAH,
Left behind, you gotta be kidding. Two chances of that; slim and none....if you did that this thread would be like the wild west shootin from the hip!
Regards,
Cigarguy
Keep It Simple
- #71,365
- May 13, 2014 9:14am May 13, 2014 9:14am
- Joined Mar 2008 | Status: PVSRA with Traderathome | 23,552 Posts
{quote} {image} TAH, Left behind, you gotta be kidding. Two chances of that; slim and none....if you did that this thread would be like the wild west shootin from the hip!
That's funny. You made me laugh!
Yeah, for some here, PVSRA stands for Pesky Varmints Shot Real
- #71,366
- May 13, 2014 9:21am May 13, 2014 9:21am
- Joined Jan 2007 | Status: Senior Member | 6,517 Posts
{quote} Cigarguy, That's funny. You made me laugh!
Yep, it would be WELCOME TO THE OK CORRAL! but with weapons without sights!!
Regards,
Cigarguy
Keep It Simple
- #71,367
- May 13, 2014 9:27am May 13, 2014 9:27am
{quote} Very nice. I entry clasic with SL {image} M30 support. Price flat. {image} M5 After close NY nice volumen. What do it? I don't see pressure down. {image}
Maybe I re-entry. Now lazy price down.
- #71,368
- May 13, 2014 9:31am May 13, 2014 9:31am
- Joined Mar 2008 | Status: PVSRA with Traderathome | 23,552 Posts
{quote} USDJPY I closed with profit but I see potential still up. I wait for re-entry. I save my money{image}
{quote} NZDUSD close clasdic and scout. Maybe I re-entry. Now lazy price down. {image}
Two in one day! This is a "picture perfect" Classic setup, trade and build example.
I am loving this. This is what the thread needs to be full of. Examples just like this for others to learn from. It is nice how you pegged that retrace and added a Scout when it was over.
Great trading, FXRobert! And thank you for posting it for others to view.
- #71,369
- May 13, 2014 9:39am May 13, 2014 9:39am
Here is true irony. For the past 6 years the more devilish of posters suggested I leave, start my own thread because they didn't like my trading and my commentary about the Deceiving & Thieving MMs. And all the while, I was just trying to get better. Just like they were (or should have been). And now I am better. The lessons driven home by the PVSRA work has helped me tremendously in selecting what Classic setups to trade. The irony is this. The PVSRA work has turned everyone else into gamblers while helping me become a more discriminating trader...
Inserted Video
Just kidding
, the lyric is adjusted. I think justified the comment.
Newbie trader
- #71,370
- May 13, 2014 9:53am May 13, 2014 9:53am
- Joined Jan 2007 | Status: Senior Member | 6,517 Posts
GU, entered short quick +6.5 standard, possible wait for retrace and added but had to close early can't watch right now
Regards,
Cigarguy
Regards,
Cigarguy
Keep It Simple
- #71,371
- May 13, 2014 9:55am May 13, 2014 9:55am
{quote} {quote} FXRobert, Two in one day! This is a "picture perfect" Classic setup, trade and build example.
- #71,372
- Edited 11:10am May 13, 2014 10:33am | Edited 11:10am
- Joined Mar 2008 | Status: PVSRA with Traderathome | 23,552 Posts
EURUSD Short Trade Open & Closed:
Closed trade for 71 pips gain. Here is how it went.
Entered late a Classic short trade setup with a Scout when price began a retrace. The retrace was higher and lasted longer than expected. Actually, though, it was my failing to not wait to see if the retrace would achieve the quarter LEVEL. Had I waited, the profit would be greater and the time to profit, less. 
This was my second short trade on this pair today...... 
Closed trade for 71 pips gain. Here is how it went.
Entered late a Classic short trade setup with a Scout when price began a retrace. The retrace was higher and lasted longer than expected. Actually, though, it was my failing to not wait to see if the retrace would achieve the quarter LEVEL. Had I waited, the profit would be greater and the time to profit, less.
This was my second short trade on this pair today......
- #71,373
- May 13, 2014 12:37pm May 13, 2014 12:37pm
- Joined Mar 2011 | Status: Pip Boy Wonder | 1,378 Posts
- #71,375
- Edited 5:15pm May 13, 2014 2:11pm | Edited 5:15pm
- Joined Jan 2007 | Status: Senior Member | 6,517 Posts
Inserted Video
Sonicers fyi,
Sam Seiden quick video "Why Retail Traders Should not Trade Like Retail Traders". I normally do not post videos, but thought might be of some interest. If it has been previously posted advise and I will delete not to clutter.
Regards,
Cigarguy
Keep It Simple
- #71,376
- May 13, 2014 2:24pm May 13, 2014 2:24pm
1 – Sorry for my English ..
It was here maybe 56841x, but i have to repeat this from my view. And i want to contribute wit some good things to this thread.
I hope, that helps.
I hope, that TAH will agree, because i hope, that im right
OK- EVERYONE .. deep breath .. agian and again .. YES, everyone want them all! All pips you see J
But, that is not this system!
But, that is probably not possible, because we never will exactly know, what MM’s can do now!
Why? Because they need us and they know us! Because we are blind poor sheeps and they are snipers on the hill. They know our steps, prior to we know that. And they will do whatever they can, that we thought, that we are doing right thing and the will catch us!
This system (as i understood from years of silent lurking) is decreasing chance probability to be killed from the hill J
So, we have to know some things!
1) Basic rule ever – We have to know, if MM’s are bears or bulls!
2) We have to have patience !!!! – Do not jump to the trade whenever you see pinbar, or support/resistance or nice volume somewhere! We need to wait for few comfrimations first!
3) We need to wait for this comfrimative signal, before we jump to the trade!
1) We need to see nice stoping volumes on 1H chart. Better is double hit in supports/ressistances with nice volume and positive reactions.}
2) 1H dragon and 15M dragon has to be in trade direction as MM’s are!
3) We need wave pattern with H,L,LH,LL for short / L,H,HL,HH for long!
4) This pattern has to have HL,HH above dragon and trend line for long / LH,LL below dragon and trend for short.
5) For this pattern is good to have good volume on H,LH for short / L,HL for long
6) Good entry from this pattern is, when is there support/ressistance/ trendline break.
7) If price go up/down and then retrace to H/L and we se ethere good supply/demand volumes. Then we can Re-entry
So calm down! Dont take everything you see! Wait for very good signs!
Cya
Jouker!
Here is some examples:
Here another
Here another
It was here maybe 56841x, but i have to repeat this from my view. And i want to contribute wit some good things to this thread.
I hope, that helps.
I hope, that TAH will agree, because i hope, that im right
OK- EVERYONE .. deep breath .. agian and again .. YES, everyone want them all! All pips you see J
But, that is not this system!
But, that is probably not possible, because we never will exactly know, what MM’s can do now!
Why? Because they need us and they know us! Because we are blind poor sheeps and they are snipers on the hill. They know our steps, prior to we know that. And they will do whatever they can, that we thought, that we are doing right thing and the will catch us!
This system (as i understood from years of silent lurking) is decreasing chance probability to be killed from the hill J
So, we have to know some things!
1) Basic rule ever – We have to know, if MM’s are bears or bulls!
2) We have to have patience !!!! – Do not jump to the trade whenever you see pinbar, or support/resistance or nice volume somewhere! We need to wait for few comfrimations first!
3) We need to wait for this comfrimative signal, before we jump to the trade!
1) We need to see nice stoping volumes on 1H chart. Better is double hit in supports/ressistances with nice volume and positive reactions.}
2) 1H dragon and 15M dragon has to be in trade direction as MM’s are!
3) We need wave pattern with H,L,LH,LL for short / L,H,HL,HH for long!
4) This pattern has to have HL,HH above dragon and trend line for long / LH,LL below dragon and trend for short.
5) For this pattern is good to have good volume on H,LH for short / L,HL for long
6) Good entry from this pattern is, when is there support/ressistance/ trendline break.
7) If price go up/down and then retrace to H/L and we se ethere good supply/demand volumes. Then we can Re-entry
So calm down! Dont take everything you see! Wait for very good signs!
Cya
Jouker!
Here is some examples:
Here another
Here another
{quote} I see potential retrace on EU, Dragon is facing north and price was at resistance level, so i took a Scout. I already set my TP and SL and I am not gonna touch them. If price go lower, SL hit, if go up, I'll add Classic trade.. Very good Risk:Reward Ratio. let the market decide. {image}
in the end TPed $253 - SLed $155 = still profit $98 in this two way trade... SL is really important, If i dont set SL, now my account would loss quite some cash.
need to respect the power of SL
:nerd:.....
t.me/LWBRfx Discord.io/LWBR
- #71,378
- May 13, 2014 3:25pm May 13, 2014 3:25pm
1 – Sorry for my English .. It was here maybe 56841x, but i have to repeat this from my view. And i want to contribute wit some good things to this thread. I hope, that helps. I hope, that TAH will agree, because i hope, that im right
So it works!
Check your emotions. How are you?
{quote} Today busy no time online, this trade was wiped by SL, but i add sell stop order slightly below my SL price,and then both triggered. in the end TPed $253 - SLed $155 = still profit $98 in this two way trade... SL is really important, If i dont set SL, now my account would loss quite some cash. need to respect the power of SL
let me ask you about your UC long with TP 1.095. Still open?
Forex losses teach a trader - not the Forex profits (Linda Raschke)
- #71,380
- May 13, 2014 4:14pm May 13, 2014 4:14pm
- | Commercial User | Joined Jul 2012 | 2,049 Posts
https://www.youtube.com/watch?v=ChQ0SUiPExI Sonicers fyi, Sam Seiden quick video "Why Retail Traders Should not Trade Like Retail Traders". I normally do not post videos, but thought might be of some interest. If it has been previously posted, I will delete this post not to clutter. Regards,
Excellent video