I close short GBP/USD +32,5 p {image}
You are doing great.
- #74,101
- Jul 8, 2014 4:37am Jul 8, 2014 4:37am
- Joined Mar 2008 | Status: PVSRA with Traderathome | 23,552 Posts
You are doing great.
- #74,102
- Jul 8, 2014 4:58am Jul 8, 2014 4:58am
- Joined Mar 2008 | Status: PVSRA with Traderathome | 23,552 Posts
GBPUSD:
Clearly, the chain holding this up has a weak link.........
I don't know how heavy are all those British Pounds that have been hoisted over these past weeks, but that chain does not look good.
For now, the Robber Bank MMs have stopped the drop and hoisted it back above a whole number. Say, isn't that where the Robber Bank MMs prefer to build short?
Clearly, the chain holding this up has a weak link.........
I don't know how heavy are all those British Pounds that have been hoisted over these past weeks, but that chain does not look good.
For now, the Robber Bank MMs have stopped the drop and hoisted it back above a whole number. Say, isn't that where the Robber Bank MMs prefer to build short?
- #74,103
- Edited 5:14am Jul 8, 2014 4:59am | Edited 5:14am
Hello everybody,
First real trade-contribution to this thread
USD/JPY - M15
Entered long on the break of the high of the leg piercing through the dragon.
Bias was long and thus I waited for a decent signal on the M15.
Opened 3 small positions with different TP ( green lines ) and a mental stop loss ( red line ) .. we don't want the MM to see our stops now do we
Positions seem to be struggling for survival, but hey trading is not only winning
EDIT: Changed chart, hope it matches expectations
First real trade-contribution to this thread
USD/JPY - M15
Entered long on the break of the high of the leg piercing through the dragon.
Bias was long and thus I waited for a decent signal on the M15.
Opened 3 small positions with different TP ( green lines ) and a mental stop loss ( red line ) .. we don't want the MM to see our stops now do we
Positions seem to be struggling for survival, but hey trading is not only winning
EDIT: Changed chart, hope it matches expectations
Don’t ever let someone tell you that you can’t do something.
- #74,104
- Edited 5:37am Jul 8, 2014 5:05am | Edited 5:37am
- Joined Mar 2008 | Status: PVSRA with Traderathome | 23,552 Posts
Hello everybody, First real trade-contribution to this thread
For the benefit of this text book thread, I and the others here would appreciate it if you would show the entire Access Panel and the Trade Levels indicator PL label when posting trades. Please fix your chart and and re-post it by editing your post above.
BTW, if you want to play with the Robber Bank MMs, use the override SL feature. Set your SL (will appear on chart, but not as a real pending order), and when the Robber Bank MMs bring price down to stop you out, there is your planned Scout entry! Gets 'em every time!
There obviously is support at the lower half number (look at an H4 chart). We cannot know if the Robber Bank MMs will take the price back down there before, or in conjunction with the upcoming USD releases in order to accumulate more long orders. This is basically just ranging (see Day chart) with price being a bit below the mid level of the most recent ranging. It is a hard call, and you further disadvantaged yourself by entering before the LS and soon into it. The Clock panel, Levels, Ranges, vLines and the FFCal Panel are all provided for Sonicers for very good reason. And patience is a virtue.
Thank You,
-tah
- #74,105
- Jul 8, 2014 5:18am Jul 8, 2014 5:18am
{quote} BTW, if you want to play with the Robber Bank MMs, use the override SL feature. Set your SL (will appear on chart, but not as a real pending order), and when the Robber Bank MMs bring price down to stop you out, there is your planned Scout entry! Gets 'em every time!
Don’t ever let someone tell you that you can’t do something.
- #74,107
- Jul 8, 2014 5:47am Jul 8, 2014 5:47am
- Joined Mar 2008 | Status: PVSRA with Traderathome | 23,552 Posts
{quote} bolehbah69, Please, do not take what I am about to say in the wrong way. I do not intend to tell others what trade choices to make. But, if I see something that might end up hurting a Sonicer, I think it kind to at least mention it. The problem is, I can be wrong and the trader can be right. We just can never know how price will move next. In this case, I am seeing a picture of the Robber Bank MMs moving the price back below the whole number for loading of longs. Now, there are releases coming in the next two days. And the final move might...
moved my stoploss before my entering for security, i have nothing to lose if it goes up..
- #74,109
- Jul 8, 2014 6:15am Jul 8, 2014 6:15am
[quote=slimypips;7586457]
I manually closed my AU long this morning before my cat nap. Price was near whole number (my target) and I closed manually because I couldn't predict how price would move next although I bias to a pending Bear move.
Initial entry based on classic, and then added once after MM whacked price back below 3/4 number.
Not a huge trade, but safe as I was trying to only trade what PSRVA told me. Much better end result than I have with my NU trade I added to while in negative. Note to self Do Not add to Trade running in Red!
{quote} I was looking at it too and I thought that it was showing bullish signs? AU H4 I see .9350 as significant resistance area. I do agree with Feinan that once it does break through PA will dive more sharply. But, possible more short term M15 shows good signs for classic long.. Personally I'm trying to discipline myself from opening traded on Mondays especially when NY MM's had a long booze filled weekend...{image}{image}
Initial entry based on classic, and then added once after MM whacked price back below 3/4 number.
Not a huge trade, but safe as I was trying to only trade what PSRVA told me. Much better end result than I have with my NU trade I added to while in negative. Note to self Do Not add to Trade running in Red!
- #74,112
- Jul 8, 2014 6:55am Jul 8, 2014 6:55am
- Joined Nov 2013 | Status: Trading Chaos | 1,133 Posts
{quote} What do I think about interest rates possibly rising over possibly the next six months? Nothing. The Robber Bank MMs are always whipping and whacking price, like pirates, in order to further their ability to steal from others. A lot can happen over six months, in both directions. Remember a few months back the RBA proclaimed price should be below 0.8500! Do you not think the short building has been going on in anticipation of this? In time, as USD get stronger, the price can drop, aussie interest rate hikes or not. Yeah, sounds like "Macro...
On another note, Brent Crude may be worth looking for a M15 long classic set up in light of what is happening in Iraq at the moment with ISIS.
Price has fallen into a nice buying zone below the whole $110 a barrel figure and could be seeking new highs.
- #74,113
- Jul 8, 2014 6:57am Jul 8, 2014 6:57am
USDCAD
Short trade opened.
M15 Bearish PA(H, L, LH, LL), Dragon slightly turn down, PA below trend.
Note, the Dragon is still above trend. Which means is not yet a proper classic.
Targeting RDL @ 1.06502, which coincidentally in the half numbers area.
H1 reject from supply zone.
-AdrianC.
Short trade opened.
M15 Bearish PA(H, L, LH, LL), Dragon slightly turn down, PA below trend.
Note, the Dragon is still above trend. Which means is not yet a proper classic.
Targeting RDL @ 1.06502, which coincidentally in the half numbers area.
H1 reject from supply zone.
-AdrianC.
- #74,117
- Jul 8, 2014 7:26am Jul 8, 2014 7:26am
- Joined Nov 2013 | Status: Trading Chaos | 1,133 Posts
Entered long on Brent Crude below $110. (Scout)
USDCAD Short trade opened. M15 Bearish PA(H, L, LH, LL), Dragon slightly turn down, PA below trend. Note, the Dragon is still above trend. Which means is not yet a proper classic. Targeting RDL @ 1.06502, which coincidentally in the half numbers area. {image} H1 reject from supply zone. {image} -AdrianC.
