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Sonic R. System

  • #71,581
  • May 15, 2014 9:34am May 15, 2014 9:34am
Quoting traderathome
{quote} {quote} GBPJPY and EURJPY Trades Closed: GJ lost 4,090.7 pips and EJ gained 4.385.7, for a net gain of 295 pips. Both trades had additions made after initial posting. GJ was a completely botched up job. EJ was better building. Don't ask questions. Just consider the harm you can do to yourself if you are not disciplined to stay with the system. I am done with these now. They are behind me and I won't think further on them. I am relieved. Capital is freed up. Time to turn over a new leaf and proceed. -tah {image} {image}
Congratulation Prof.Tah, you can start a new life now!
More to learn from you!
  • #71,582
  • May 15, 2014 9:34am May 15, 2014 9:34am
Quoting Jouker
USD/CAD Start building Classic opened {image}
I am also long.
Check your emotions. How are you?
  • #71,583
  • May 15, 2014 9:35am May 15, 2014 9:35am
Quoting cigarguy
TAH, It appears that your EU long from yesterday is going to be OK! I think helped. Regards, Cigarguy
I'm still waiting for TAH's story for EU.
He promise to tell later.
  • #71,584
  • May 15, 2014 9:37am May 15, 2014 9:37am
Quoting AdrianC
{quote} I'm still waiting for TAH's story for EU. He promise to tell later.
professor is a forex writer
  • #71,585
  • May 15, 2014 9:39am May 15, 2014 9:39am
Quoting loeil
GJ - looks bullish to me. Took long there. {image}
Loeil, i also in this trade,
my problem is i don know where to take profit everytime..
Appreciate if u can show me your way of TP...
Thanks
Trade With PDF & Wisdom
  • #71,586
  • May 15, 2014 9:42am May 15, 2014 9:42am
Quoting traderathome
{quote} GBPJPY: What you see is heavy selling - a sell off - followed by closing of those shorts, i.e., buying to close at the lows. This means profit on shorts was taken. It does not mean the MMs have reloaded now long. They might, when the time comes, push up the price a bit to reload short again! As I write this, we can see a spike down thru the half LEVEL. This might be some loading of longs in order to profit on a push up to higher/better shorting grounds. This would be a retrace in the down trend, and at the top the MMs would take profit on...
Quoting sonicdeejay
{quote} Nice trade .. u had.. http://www.youtube.com/watch?v=E5WNqvdIfJ8 Sonic
Sonic, thanks for the compliment.

Tah, your analysis really inspired me, thanks a lot.

Regards,
XT
Trading is not easy
  • #71,587
  • May 15, 2014 9:47am May 15, 2014 9:47am
Quoting traderathome
{quote} allisonmagic, Okay, here is an example I am showing you. Not the best because it is not LS, but it might help you to understand.... 1. PA wave (not so good here, but you get the idea) 2. Dragon angled up (even better if crossing Trend, which it is in this case) 3. PA above Dragon (no "early" entries, folks!) 4. Some volume confirmation - note volume as MMs briefly took price back towards Dragon, probably the MMs exhausting liquidity for accumulating longs. So, let's see how this works out. I do not want to stay in it too long because Asian...
EURUSD "allisonmagic" Long Trade Closed:

What I get for trying to help others, 955 pips gain. Here is how it went......

Oh, and alllisonmagic, I sent the accountant home and tore up your bill.
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  • #71,588
  • May 15, 2014 9:49am May 15, 2014 9:49am
build buy....
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Trade With PDF & Wisdom
  • #71,589
  • May 15, 2014 9:52am May 15, 2014 9:52am
Quoting traderathome
{quote} EURUSD "allisonmagic" Long Trade Closed: What I get for trying to help others, 955 pips gain. Here is how it went...... {image}
TAH,

A Bit unconventional for Sonic but good save anyway! OK, allisonmagic, you can put that checkbook away now

Regards,
Cigarguy
Keep It Simple
  • #71,590
  • May 15, 2014 9:58am May 15, 2014 9:58am
Quoting traderathome
{quote} EURUSD "allisonmagic" Long Trade Closed: What I get for trying to help others, 955 pips gain. Here is how it went...... {image}
Sometimes old habit still kicks into the system
Anyway nice trade!

allisonmagic is free from paying your losses

-AdrianC.
  • #71,591
  • May 15, 2014 10:02am May 15, 2014 10:02am
GU short trade closed

Re-entry / classic / re-entry
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Newbie trader
  • #71,592
  • May 15, 2014 10:04am May 15, 2014 10:04am
AUDUSD Comment:

Those of you that think the high volume at recent lows is a signal to start building long, might re-consider.

See the support - quarter LEVEL - and the USD releases yet to come. That volume might only be closing of shorts, to be followed by some hike in price so the robber banks can reload shorts for a run later that will smash thru the support.

Remember, we cannot know how the price will move next, and the first patch of high volume at the bottom of a drop is more likely to be closing shorts than both closing shorts and opening longs. When some time goes by and then there is another spike down, then that might be the robber banks loading longs. Until then, it is very presumptuous to assume the bias of the robber banks.
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  • #71,593
  • May 15, 2014 10:07am May 15, 2014 10:07am
EJ short trade closed
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Newbie trader
  • #71,594
  • May 15, 2014 10:13am May 15, 2014 10:13am
UJ short trade closed

Re-entry downtrend
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Newbie trader
  • #71,595
  • May 15, 2014 10:14am May 15, 2014 10:14am
Quoting MosesNMY
{quote} Loeil, i also in this trade, my problem is i don know where to take profit everytime.. Appreciate if u can show me your way of TP... Thanks
MosesNMY,

There are several ways to close a trade (let's see if I remember to write them all).
It depends on who you are swing trader or scalper:

Resistance or support.
Round numbers.
Before the news.
Change session.
Log out London (not always)
Volume stop.
Reverse pattern.
Fibonacci projections.
The price remains sideways.

Sure I am forgetting things. (That added another) .
Also, if I remember correctly, the manual gives you the most important options to close trades.
Check your emotions. How are you?
  • #71,596
  • Edited 10:44am May 15, 2014 10:32am | Edited 10:44am
EURUSD Comment:

I just commented that the robber banks might still be bears on AU. They might still be bears on EU, too.

You can see with recent PA on M1 chart that all the highest volumes are at the highest prices as the robber banks manipulate the price upwards. To me, this is indicative of periodic closing of longs at profit - the longs the robber banks are making that are necessary to pump up the price to the targeted Happy Short Hunting Grounds - and at some point this will cease, and maybe the robber banks then support the price while reloading shorts for another nice bear swing down.

Note also that the robber banks now have the price above both a whole LEVEL and RDH, and that there are still important USD releases coming.

-tah
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  • #71,597
  • May 15, 2014 10:37am May 15, 2014 10:37am
USDJPY Daily.-
It will be interesting to know the close of the daily candle.
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Check your emotions. How are you?
  • #71,598
  • May 15, 2014 10:38am May 15, 2014 10:38am
Quoting sonicdeejay
Had an EU.. http://www.youtube.com/watch?v=By7ctqcWxyM Sonic {image}

26 hrs later..

Sonic
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  • #71,599
  • May 15, 2014 10:50am May 15, 2014 10:50am
Quoting sonicdeejay
{quote} 26 hrs later.. Sonic {image}
Seems both you and I had to step outside of the rules for Classics in order to save our trades. Thank goodness we have improved analysis via PVSRA to help us when this is necessary.

-tah
  • #71,600
  • May 15, 2014 10:55am May 15, 2014 10:55am
Quoting Jouker
USD/CAD Start building Classic opened {image}
I see more bears than bulls ...
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