Possible Classic set-up. As always for wait Lo, Price wave and Dragon's angle, don't rush into trades~ AUDUSD - Possible Classic Short {image} EURAUD - Possible Classic Long {image} EURGBP - Possible Classic Long / ranging {image} EURJPY - Possible Classic Short {image} GBPJPY - Possible Classic Short {image} USDJPY - Possible Classic Short {image} USOil - Possible Classic Short {image} -AdrianC.
{quote} Perfect example on why we should only wait until London Session before making trades
That is why New Sonicers lose money and blame the system... Never follow instructions~GBPUSD Long Trade Open: M15 Classic, pre-LS. This is based on bullish PA waves, Dragon & Trend angled up, Dragon above Trend and PA above both, and....... ......and a suspicion that the price will be whacked in conjunction with the coming lineup of USD high impact releases, and that before it happens the thieving MMs are going to continue to push up the price to get shorting liquidity by attracting long orders into the market and maybe continuing to hit pending stop orders on some existing short positions of others. Now, if I am wrong, and price...
{quote} GBPUSD Long Trade Closed: Closed for loss of 20 pips average/total. Woke up to find the trade direction was correct, but the thieving MMs hit my SL first. So, if the MMs spike this up in conjunction with releases, I might consider a Scout short entry.....
{quote} I simply did not want to gamble on the H&S move down when I anticipated a move up! It went down, and then up. So, my anticipation was not exactly correct, but that is why I set a SL tight, which I rarely do. I got stopped out for only 20 pips loss. I have re-entered M1 Classic short setup off the highs, as I said I might do, and I have already reclaimed my 20 pips, and am on the way to good profits now. {image}
{quote} GBPUSD Long Trade Closed: Closed for loss of 20 pips average/total. Woke up to find the trade direction was correct, but the thieving MMs hit my SL first,.....and after all that pretty drawing I did. I feel Robbed!
{quote} And I'm happy for you, you have regained this pips, and win, I do not expect less from you. You have a lot of experience and know how. However, the novices are inexperienced. And I wanted to take the opportunity to show, what I consider correct. My post is not aimed at criticizing their trades. I also commit my mistakes. But it seemed to me, a good opportunity to show the rookies how it deals with the market, in that situation, so they know both views.
-tah
{quote} I have never "forbidden" the publishing of Scouts. What I have done is stated that making a regular practice of going short when PA is above the Dragon or going long when PA is below the Dragon in anticipation of price reversing is not the system, and should not be done, nor posted. However, there is nothing wrong with using Classic setups on lower TFs (M5, M1) which, when shown on M15, might make PA appear on the wrong side of the Dragon. In such cases it should be clearly stated what TF chart the valid setup has been traded. I have also...
{quote} GBPUSD Long Trade Opened: An M1 Classic entry and an M15 Classic entry. As I posted that I might do, I opened this short trade with an M1 Classic entry off the highs. This has recovered the 20 pips the thieving MMs stole from me earlier. And now I have added an M15 Classic short entry to the trade as the MMs retraced the price back up. No TP/SL at this time. {image}
{quote} In the chart, we can see "short trade", not "long trade".
