I opened classic short AUD/USD
Attached Image (click to enlarge)
Eur/GBP, Everything seems to be in very nice setup, raising wedge (H1), classic setup (M15), very high volume, high volume rejection. Entry taken, SL above the whole number. TP not set, seems like price will go down to arround 0.78000. {image} {image}
- #76,684
- Edited 8:16am Oct 9, 2014 7:48am | Edited 8:16am
- Joined Mar 2008 | Status: PVSRA with Traderathome | 23,555 Posts
GBPAUD: Sonicers, get ready. This continues to shape up as the prime candidate for the "Sleeper Trade of the Month" (see previous posts on this). The H1 chart shows the MMs have just busted the price down thru a trend line to DS1. This has been done at a time when the AUD releases are done with some time ago and the GBP releases are coming up next. On the M1 chart you can see the incredible trading activity that began once the MMs had the price below the half number (PVSRA), all the way down to just below DS1!It is enough to make one...
It has started.....
It is a perfect Sonic R. System setup.......
Not only has the trade started, but the setup is an example of a perfect Sonic R. System setup. It is the LS. The PA wave (in this case bull: L-H-HL) crosses the Dragon and recedes into it and out again, which is perfect. The Dragon has very good angle as the third leg of the PA wave exits the Dragon. And the EP zone appears above the Trend. All this is the perfect example of the Sonic R. System setup! This is how it was originally defined, and this is how it should be. Notice how smooth the PA wave is. It is not ragged! And note the surge up in volume at the two lows in the PA wave. And, the setup straddles the half number, starting from the whole number below. The setup represents a bounce up off of the half number - a key level - which is another positive factor in this particular setup. It cannot get much better that what we see here! The only thing that could make this setup better would be if the Dragon itself were above the Trend, but that is not part of the definition.
One of Master Sonicdeejay's favorite sayings is, "Let the Dragon and PA show the way." This is exactly what he meant by that. The Classic trade setup is very simply defined. And here it's requirements are beautifully fulfilled.
Any Sonicer not fully acquainted with the simple requirements for a Sonic R. System setup should go back to Post #1 and get acquainted. And they might keep a picture of this setup to see what a setup looks like that perfectly fills those simple requirements.
- #76,685
- Oct 9, 2014 8:01am Oct 9, 2014 8:01am
- | Commercial User | Joined Mar 2008 | 9,093 Posts | Online Now
Classic Setup Long GBP/AUD (Trade Closed). As TAH mentioned above, this pair has potential to go up further but I think that since the dragon has NOT crossed over the trend yet,I am a little wary about slight pullback before this pair will resume the move upwards. In addition to that, there is also a confluence of whole number level AND daily pivot level too.
That said, I took some 48 pips profit this morning and will be watching this like a hawk. Will jump back in again during retracement.
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Classic Setup Short USD/CHF (Trade Closed). This one is unique and I have posted this before. I entered it at 15 minutes chart on Tuesday for what looks like a classic 15 minutes set up. I then added 2 more EPs at .50 level at green. Rode it to massive profit during yesterday dovish press conference.
In addition to that, if you look at the 1H chart, my first entry at 0.9600 was also a classic setup on 1H chart!!
Just as the Long GA above, I am watching this pair like a hawk as I am expecting to jump back in again during retracement. However, today's double bottom is making me a little worry so I took all profits on this trade.
That said, I took some 48 pips profit this morning and will be watching this like a hawk. Will jump back in again during retracement.
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Classic Setup Short USD/CHF (Trade Closed). This one is unique and I have posted this before. I entered it at 15 minutes chart on Tuesday for what looks like a classic 15 minutes set up. I then added 2 more EPs at .50 level at green. Rode it to massive profit during yesterday dovish press conference.
In addition to that, if you look at the 1H chart, my first entry at 0.9600 was also a classic setup on 1H chart!!
Just as the Long GA above, I am watching this pair like a hawk as I am expecting to jump back in again during retracement. However, today's double bottom is making me a little worry so I took all profits on this trade.
- #76,687
- Oct 9, 2014 9:26am Oct 9, 2014 9:26am
- Joined Mar 2008 | Status: PVSRA with Traderathome | 23,555 Posts
- #76,688
- Oct 9, 2014 9:51am Oct 9, 2014 9:51am
{quote} GBPAUD: "Sleeper Trade of the Month", and With Perfect Sonic R. System Setup! It has started..... It is a perfect Sonic R. System setup....... Not only has the trade started, but the setup is an example of a perfect Sonic R. System setup. It is the LS. The PA wave (in this case bull: L-H-HL) crosses the Dragon and recedes into it and out again, which is perfect. The Dragon has very good angle as the third leg of the PA wave exits the Dragon. And the EP zone appears above the Trend. All this is the perfect example of the Sonic R. System setup!...
Sneak in more scout during retrace
-AdrianC.
- #76,690
- Oct 9, 2014 10:09am Oct 9, 2014 10:09am
- Joined Mar 2008 | Status: PVSRA with Traderathome | 23,555 Posts
- #76,691
- Oct 9, 2014 10:16am Oct 9, 2014 10:16am
- Joined Mar 2008 | Status: PVSRA with Traderathome | 23,555 Posts
- #76,692
- Edited 11:08am Oct 9, 2014 10:20am | Edited 11:08am
GBPAUD Long Scout Open. {image} Updates: Scout Closed (+28.4pips), Classic Open. {image} -AdrianC.
-AdrianC
{quote} Close 1 unit booking profit (+36.5pips) and move SL to BE let the small fish run... Risk free
GBPUSD - Classic Short open {image} -AdrianC.
Thank for Prof.Tah for the GBPAUD analysis! And The power of Classic Trade!
-AdrianC.
Classic Setup Long GBP/AUD (Trade Closed). As TAH mentioned above, this pair has potential to go up further but I think that since the dragon has NOT crossed over the trend yet,I am a little wary about slight pullback before this pair will resume the move upwards. In addition to that, there is also a confluence of whole number level AND daily pivot level too. That said, I took some 48 pips profit this morning and will be watching this like a hawk. Will jump back in again during retracement. {image}
First chart was from this morning as I posted them above (initial classic entry) and the Second chart is the 2nd trade I made a little bit later in the day (retracement trade).
