what is stophuting? chinese doc.
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- #74,602
- Jul 25, 2014 9:37pm Jul 25, 2014 9:37pm
- Joined Feb 2011 | Status: Trader | 1,825 Posts
i've got my tshirt , thanks forexfactoryi saw classic entry for gold , want to see what happen {image}
jasakreatif but you are long on eurusd anyway? thanks
- #74,606
- Jul 26, 2014 2:07pm Jul 26, 2014 2:07pm
Dear TAH and Sonicers! Would You kindly evaluate my analisys on both pair of EUR/JPY and CHF/JPY. 1. As for EUR/JPY - I totally agree with the big part of the forum - certainly, bulls, opened my longs! 2. As for CHF/JPY - do You see the similar picture as for EUR/JPY - now, MMs pushing the price towards the whole number of 112.00 to turn the direction - are there (thread) anyone who is watching the pair as well and seeing the similarity. Anyone added longs on that? {image} {image}
Jpy is driven by us stock, IF us stock continues falling jpy will break the support and free fall
watch us equity market and than decide if u wanna go long jpy,If everything will be again nice this week stock rising jpy weakness, thats all
Build your own dreams, or someone else will hire you to build theirs.
- #74,607
- Edited 7:03pm Jul 26, 2014 6:33pm | Edited 7:03pm
- Joined Mar 2008 | Status: PVSRA with Traderathome | 23,552 Posts
What is a "Scout" Trade?
Sonicdeejay, in his own way and in a number of posts starting early in 2011, presented the concept of the SC or Scout trade. I suggest you read his posts directly, but here is a summary.
Due to PA either ending a very strong directional run or repeatedly bumping at S or R, and in either situation there being very high current volume, the odds are increased for a reversal. Or, at least for a very nice pullback. This is a "setup" for a Scout entry, which is very much "perception" oriented. Sometimes a quick entry looks appropriate, but that involves a counter-trend entry in the midst of trend momentum. So waiting for some additional PA/confirmation for a move in the opposite direction is often the best thing to do. This is, and always has been, Sonicdeejay's advice. You are looking to make a counter-trend entry, and so it is wise to look for signs that the trend momentum may have given up the ghost.
The Scout trade has nothing to do with using the Dragon to locate an EP area because PA can be far removed from the Dragon. The anticipation is the next move will be back towards, and maybe thru, the Dragon.
So, you see that the idea behind the Scout entry is anticipation PA has "run it's course" in the current direction, anticipation based on a number of factors which can include PVSRA.
The Scout trade is very high risk compared to the Classic trade for the obvious reasons: currently there is no counter-trend momentum to support your counter-trend Scout entry, and you are guessing the direction of the next momentum will be counter-trend. Well, PVSRA is not exactly guessing, but we have seen time and again, what looked like a pending reversal ends up being followed by trend continuation. Increasing skill with PVSRA can reduce this risk, but it is still a high risk trade whenever an entry is made against the prevailing trend.
-tah
Sonicdeejay, in his own way and in a number of posts starting early in 2011, presented the concept of the SC or Scout trade. I suggest you read his posts directly, but here is a summary.
Due to PA either ending a very strong directional run or repeatedly bumping at S or R, and in either situation there being very high current volume, the odds are increased for a reversal. Or, at least for a very nice pullback. This is a "setup" for a Scout entry, which is very much "perception" oriented. Sometimes a quick entry looks appropriate, but that involves a counter-trend entry in the midst of trend momentum. So waiting for some additional PA/confirmation for a move in the opposite direction is often the best thing to do. This is, and always has been, Sonicdeejay's advice. You are looking to make a counter-trend entry, and so it is wise to look for signs that the trend momentum may have given up the ghost.
The Scout trade has nothing to do with using the Dragon to locate an EP area because PA can be far removed from the Dragon. The anticipation is the next move will be back towards, and maybe thru, the Dragon.
So, you see that the idea behind the Scout entry is anticipation PA has "run it's course" in the current direction, anticipation based on a number of factors which can include PVSRA.
The Scout trade is very high risk compared to the Classic trade for the obvious reasons: currently there is no counter-trend momentum to support your counter-trend Scout entry, and you are guessing the direction of the next momentum will be counter-trend. Well, PVSRA is not exactly guessing, but we have seen time and again, what looked like a pending reversal ends up being followed by trend continuation. Increasing skill with PVSRA can reduce this risk, but it is still a high risk trade whenever an entry is made against the prevailing trend.
-tah
- #74,608
- Jul 27, 2014 1:07am Jul 27, 2014 1:07am
- | Joined Jan 2014 | Status: The great way is not difficult | 76 Posts
What is a "Scout" Trade? Sonicdeejay, in his own way and in a number of posts starting early in 2011, presented the concept of the SC or Scout trade. I suggest you read his posts directly, but here is a summary. Due to PA either ending a very strong directional run or repeatedly bumping at S or R, and in either situation there being very high current volume, the odds are increased for a reversal. Or, at least for a very nice pullback. This is a "setup" for a Scout entry, which is very much "perception" oriented. Sometimes a quick entry looks appropriate,...
- #74,610
- Jul 28, 2014 12:56am Jul 28, 2014 12:56am
- Joined Mar 2008 | Status: PVSRA with Traderathome | 23,552 Posts
http://www.youtube.com/watch?v=h-xFu78sTWY Have a nice weekend.. Sonic
.......www.seykota.com/tribe/
The Trading Tribe. is an association of people. who commit to excellence, personal growth. and supporting and receiving support. from each other.
- #74,611
- Jul 28, 2014 1:34am Jul 28, 2014 1:34am
- | Commercial User | Joined Mar 2008 | 9,069 Posts
{quote} That is an absurd quote from a guy who runs a group much like SonicR does!
Gd Day Boss...
Sonic
- #74,612
- Jul 28, 2014 1:54am Jul 28, 2014 1:54am
- Joined Mar 2008 | Status: PVSRA with Traderathome | 23,552 Posts
{quote} :nerd::nerd::nerd: Gd Day Boss... Sonic
-tah
- #74,613
- Jul 28, 2014 2:18am Jul 28, 2014 2:18am
- Joined Mar 2008 | Status: PVSRA with Traderathome | 23,552 Posts
- #74,614
- Jul 28, 2014 2:20am Jul 28, 2014 2:20am
- Joined Mar 2008 | Status: PVSRA with Traderathome | 23,552 Posts
- #74,615
- Jul 28, 2014 2:30am Jul 28, 2014 2:30am
- Joined Mar 2008 | Status: PVSRA with Traderathome | 23,552 Posts
- #74,617
- Jul 28, 2014 5:57am Jul 28, 2014 5:57am
- Joined Nov 2013 | Status: Trading Chaos | 1,133 Posts
GBPUSD: Possible Classic Set Up During LS
After the recent selloff / whacking of price by the MM's under the 1.7 psych number it may be possible they are accumulating long orders now. Volume shows interest at the lows. We cannot know what will unfold next however.
After the recent selloff / whacking of price by the MM's under the 1.7 psych number it may be possible they are accumulating long orders now. Volume shows interest at the lows. We cannot know what will unfold next however.
- #74,618
- Jul 28, 2014 7:25am Jul 28, 2014 7:25am
- Joined Mar 2008 | Status: PVSRA with Traderathome | 23,552 Posts
- #74,620
- Edited 8:22am Jul 28, 2014 8:05am | Edited 8:22am
- Joined Mar 2008 | Status: PVSRA with Traderathome | 23,552 Posts
Seems there would be a swing down stoploss hunt toward the diagonal support. {image}
Put the range marks on your Day chart and you can see how likely that actually is. There is a bullish wedge formed and with almost two days before the next EUR high impact release, that gives the Robber Bank MMs time to suck in more longs and then mount a whopping Whack to stop them out. Tomorrow's RDH mark will be higher if they keep upwards pressure on the price until then, and that makes it even more compatible with the lower wedge line for tomorrow......
This sort of analysis can be futile, however, because we cannot know how the MMs will move price. Still, it is a possibility, because in the most simple and usually effective analysis of all,.........it is just too good an opportunity for these Robber Bank bastard MMs to thieve for them to pass up. Anyway, any Sonicer long on this one should factor this possibility into their money management, so if it happens they know if to "Hold, Fold, or Add", remembering that there is nothing wrong with taking advantage of price when the Robber Bank MMs manipulate price to try and take advantage of us!
