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Sonic R. System

  • #75,221
  • Aug 20, 2014 5:59am Aug 20, 2014 5:59am
Quoting jimmY213
{quote} i see that weakness too, but i dont see a change yet. the defintion of a downtrend still exist. H-L-LH-LL-LH-..... may another good chance for a good trade?!? comments? {image}
OILUSD:

This is in a down trend without any extended ranging with accumulation at lows to suggest a good upside move is coming (view your H4 and H1 charts). The retraces in the down trend are even becoming smaller. Therefore, until there are better signs of bulls than what we have now, the best way to trade this would be to wait for a retrace move upwards and then for a Classic short setup.

We can never know how price will move next, but this seems a reasonable strategy for the time being.

If you suspect the price might be entering a ranging phase with increasing signs of bulls, then try to be sure any Classic long setup you consider is as close to the bottom of the range as possible, and target PA consolidation near the range top for exit.

-tah
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  • #75,222
  • Aug 20, 2014 6:03am Aug 20, 2014 6:03am
Quoting DmitryFX
{quote} Ranging? Very clear bearish trend since May! LOL
Yes, ranging couple of weeks. Bearish trend? LOL
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Whatever is obvious is obviously wrong!"
  • #75,223
  • Aug 20, 2014 6:07am Aug 20, 2014 6:07am
Re-entry GU, Entry EU LONG.
  • #75,224
  • Aug 20, 2014 6:52am Aug 20, 2014 6:52am
A nice surprise when I arrived home, although I didn't quite make it in time to close GA at the RDH level:
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  • #75,225
  • Aug 20, 2014 6:58am Aug 20, 2014 6:58am
Quoting TrendyTrade
A nice surprise when I arrived home, although I didn't quite make it in time to close GA at the RDH level:{image}{image}
Nice trades
Whatever is obvious is obviously wrong!"
  • #75,226
  • Aug 20, 2014 7:06am Aug 20, 2014 7:06am
US $ is strengthening across most charts in ahead of red news. Is it possible MM's are trying to pump it up now to break it down after FOMC?

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  • #75,227
  • Aug 20, 2014 7:18am Aug 20, 2014 7:18am
GBPJPY open and closed.
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  • #75,228
  • Aug 20, 2014 7:20am Aug 20, 2014 7:20am
GBPAUD open and closed
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  • #75,229
  • Aug 20, 2014 8:22am Aug 20, 2014 8:22am
Quoting xiaotiao
{quote} Do you mean that the Mms are building long, EURUSD seems bullish to you? I still hold my long trades, it really test my patience. {image}

stack ur trades and add them when they are in your favour direction..not the another way round..


Sonic
  • #75,230
  • Edited 8:58am Aug 20, 2014 8:34am | Edited 8:58am
NZDUSD: classic long dragon forming?
looks like no my mistake
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Everything happens for a reason...
  • #75,231
  • Aug 20, 2014 9:03am Aug 20, 2014 9:03am
Quoting Retsu
NZDUSD: classic long dragon forming? looks like no my mistake {image}
You mean NZDJPY.

Possible, volume on m5 indicates it.
  • #75,232
  • Aug 20, 2014 9:12am Aug 20, 2014 9:12am
AUDUSD LONG little scalping.
  • #75,233
  • Aug 20, 2014 9:16am Aug 20, 2014 9:16am
Quoting sonicdeejay
{quote} stack ur trades and add them when they are in your favour direction..not the another way round.. Sonic
Hi, the last few trades I added should be in favour direction right? I added those trades as the volume of bearish weakened, but the PA whack down again.
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Trading is not easy
  • #75,234
  • Aug 20, 2014 9:32am Aug 20, 2014 9:32am
GBPNZD went short.

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NZDJPY went long like Retsu wrote.

Scalping EU short and UJ/UC long waiting for the red news, I think reversal after news.
  • #75,235
  • Aug 20, 2014 9:32am Aug 20, 2014 9:32am
Quoting MrZeoo
AUDUSD LONG little scalping.


CLOSED very soon. I evalutate re-entry.
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  • #75,236
  • Aug 20, 2014 9:42am Aug 20, 2014 9:42am
NZDUSD LONG little scalping.
  • #75,237
  • Edited 9:58am Aug 20, 2014 9:44am | Edited 9:58am
Quoting sonicdeejay
{quote} stack ur trades and add them when they are in your favour direction..not the another way round.. Sonic
Quoting xiaotiao
{quote} Hi, the last few trades I added should be in favour direction right? I added those trades as the volume of bearish weakened, but the PA whack down again. {image}
I am not sure what Sonic means by "stacking" trades because all trades are a stacking of sorts. But more importantly perhaps is the concept of spacing the entries.

We recommend light entries because the market is a manipulated market, and we can never know how the Robber Banks will move price next. Entering light gives us more flexibility to add when the price is whipped and whacked as the MMs seek to get traders on the wrong side, and traders on the right side and then stop them out. Entering light results in the capability to make more entries from the account, some or all of which can end up being better placed entries. But it is also important to space entries. This too results in the capability to make better placed entries should the occasion arise that price makes an additional move against you and then reverses back in your favor direction.

-tah
  • #75,238
  • Aug 20, 2014 9:55am Aug 20, 2014 9:55am
Quoting traderathome
{quote} {quote} I am not sure what Sonic means by "stacking" trades because all trades are a stacking of sorts. But more importantly perhaps is the concept of spacing the entries. We recommend light entries because the market is a manipulated market, and we can never know how the Robber Banks will move price next. Entering light gives us more flexibility to add when the price is whipped and whacked as the MMs seek to get traders on the wrong side, and traders on the right side and then stop them out. Entering light results in the capability to make...
Hi Tah,

Thanks for the advice, will continue to put in effort to become a good Sonicer.
Trading is not easy
  • #75,239
  • Aug 20, 2014 9:58am Aug 20, 2014 9:58am
is there a reversal coming in on UJ? Volume looks like that. im not quite sure. im a inexpirenced sonicr, who tries to learn.

i will keep an eye on this one.

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  • #75,240
  • Aug 20, 2014 10:14am Aug 20, 2014 10:14am
Quoting jimmY213
is there a reversal coming in on UJ? Volume looks like that. im not quite sure. im a inexpirenced sonicr, who tries to learn. i will keep an eye on this one. {image}
Like I said earlier I see huge raids and price accelerating on several US pairs, mainly UJ, EU and UC. For me it's a sign of reversal, MM's are chaeging with price to bring it down soon, maybe on FOMC today.

GBPNZD and NZDJPY went like planned, keeping still till I will see stoping volume.
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