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Sonic R. System

  • #77,621
  • Nov 18, 2014 4:11pm Nov 18, 2014 4:11pm
that was painful... don;t mess with the D1 pinbar and the dragon... not turned + reckless shorts = losses

Should have cut my losses at the black line when PA reaches back above dragon
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  • #77,622
  • Nov 18, 2014 4:30pm Nov 18, 2014 4:30pm
Quoting wccmcd
Let's make a scout and see how far it can go {image}
Not bad.
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  • #77,623
  • Nov 18, 2014 4:39pm Nov 18, 2014 4:39pm
Quoting wccmcd
{quote} Not bad. {image}
great trade mate. Was on the other side of the trade. Japan took me out :/
  • #77,624
  • Nov 18, 2014 4:41pm Nov 18, 2014 4:41pm
after big data released, i thout there should have a big move in GBPUSD pair. but the market made a ranging instead. and my entry was on the top.it was a classice entry, finally close in loss. and i have a question: do we need to wait for the breakout tick finish or just put a buystop(sellstop) order above(under) the last top(bottom)?

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  • #77,625
  • Nov 18, 2014 4:42pm Nov 18, 2014 4:42pm
Quoting tjinhean
{quote} great trade mate. Was on the other side of the trade. Japan took me out :/
I was thinking to go into the other side but I didn't find any LH.
  • #77,626
  • Nov 18, 2014 4:52pm Nov 18, 2014 4:52pm
Quoting wccmcd
{quote} I was thinking to go into the other side but I didn't find any LH.
I thought returning to the dragon was a good sign for entry... it didn't really turn out well -70pips loss averaged
  • #77,627
  • Edited 5:04pm Nov 18, 2014 4:54pm | Edited 5:04pm
Quoting ryanwong
after big data released, i thout there should have a big move in GBPUSD pair. but the market made a ranging instead. and my entry was on the top.it was a classice entry, finally close in loss. and i have a question: do we need to wait for the breakout tick finish or just put a buystop(sellstop) order above(under) the last top(bottom)? {image}
You can close any trade whenever you want to, either by a pending Buy/Sell Stop order or by immediately closing it using the Terminal ledger/right click on the open order/left click on Close Order.
  • #77,628
  • Edited 5:33pm Nov 18, 2014 5:10pm | Edited 5:33pm
USDCHF Long Trade Open:

M15 pre-LS classic entry. The highest volumes yesterday coincided with the lowest prices, which were also below the whole number, a PVSRA indication of bulls. The SL is mental for now because the AS MMs might try whacking for more long loading. Their usual range capability means they could put the price below the SL shown. Once the LS gets underway, if this SL has not been breached I will probably switch it to a hard SL. If it has been breached, then it would make sense to set a hard SL below that new low.

I will speculate that this first move up in the AS represents MMs loading up with longs. As the AS progresses, the same or other MMs might attempt to retrace the price and load up more longs. They will not be active when the USD releases come. The AS is their time for them to do whatever they are going to do to manipulate price to favor themselves building long before those releases. I will be watching to see how the AS progresses, as it might yield clues confirming the trade.
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  • #77,629
  • Edited 5:58pm Nov 18, 2014 5:48pm | Edited 5:58pm
Quoting traderathome
{quote} NZDUSD Short Trade Update: Price has started lower again, following the quick move up. I have added to this short trade. Here is what I see in the PA..... With the US open, the US Robber Banks promptly followed suit all the other MMs and sold this pair. But then, at the whole number, they supported it and established a tight range for ongoing position building (shorting). After giving others lots of time to also enter the market short, these Robber Banks quickly whipped the price up to stop them out. This is the same type of move they did...
NZDUSD Short Trade Update:

This trade is finally coming into its own. I moved the TP lower. It is tentative, but the way things are now going it is looking plausible.

After my last post the price continued upwards. I decided to risk adding several short Scouts "in the red": once when price hit the upper half number area, again when it hit the upper 3/4 number area to form a double top, and finally when the strong bear bar occurred taking price back below the Dragon. These were well considered risks before they were taken. Now it is probably just a matter of sitting on my hands to wait out the conclusion of the upcoming USD releases today, or maybe the conclusion of the week.
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  • #77,630
  • Edited 7:18pm Nov 18, 2014 6:06pm | Edited 7:18pm
Quoting traderathome
USDCHF Long Trade Open: M15 pre-LS classic entry. The highest volumes yesterday coincided with the lowest prices, which were also below the whole number, a PVSRA indication of bulls. The SL is mental for now because the AS MMs might try whacking for more long loading. Their usual range capability means they could put the price below the SL shown. Once the LS gets underway, if this SL has not been breached I will probably switch it to a hard SL. If it has been breached, then it would make sense to set a hard SL below that new low. I will speculate...
It looks like a re-entry on H1 though... entered two small scouts regardless.

edited with proper image.
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  • #77,631
  • Edited 8:04pm Nov 18, 2014 7:21pm | Edited 8:04pm
Quoting traderathome
USDCHF Long Trade Open: M15 pre-LS classic entry. The highest volumes yesterday coincided with the lowest prices, which were also below the whole number, a PVSRA indication of bulls. The SL is mental for now because the AS MMs might try whacking for more long loading. Their usual range capability means they could put the price below the SL shown. Once the LS gets underway, if this SL has not been breached I will probably switch it to a hard SL. If it has been breached, then it would make sense to set a hard SL below that new low. I will speculate...
USDCHF Long Trade Update:

Added 2nd classic entry. PA shows a new upthrust bar with increased activity and still below the whole number, PVSRA indicating the AS bulls just did another round of heavy buying. This won't keep them from pulling the price back, though, which they will often do when readying for another buying surge.
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  • #77,632
  • Nov 18, 2014 9:45pm Nov 18, 2014 9:45pm
EURUSD:

M15 -
The current waves seem bearish. However, from the time of the lows on this chart (below a half number) the bulk of volume appears at lows and pushing up off of lows. Therefore, we could be seeing genuine MM buying surges. There are important releases still to come this week. And it could be that the current bear waves, which are below a half number, are an indication of bulls that are cycling the price lower to coax in shorters to create the liquidity the bulls need to build more longs.

And yet, I have spoken of the signs that the MMs might be planning on USD strength moves across the market this week. Is there a contradiction here? Please refer to this post (http://www.forexfactory.com/showthre...33#post7880533), which points out the possibility the MMs might whip price up before taking price lower. These current bear waves, if caused by bulls, would actually be consistent with that possibility, and even suggests the whip up could be a good one that the MMs are preparing for.

This speculation serves only to keep oneself on the alert. Time will tell.
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  • #77,633
  • Nov 18, 2014 9:57pm Nov 18, 2014 9:57pm
Scout Setup:

- Daily & H4 Resistance @ half number + High Volume vs. Low PA ( long building ) -

[ Buy Limit @ zone 0.845 - 0.865 - SL @ 0.8625 / TP 1:3 ]

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  • #77,634
  • Edited 10:29pm Nov 18, 2014 10:04pm | Edited 10:29pm
General hourly bearishness still truimphs. Flipped around my position.

edit: Flippity Floppity SL hit for both ways. Think I'll stick to 1 pair and 1 index for now.
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  • #77,635
  • Nov 18, 2014 11:27pm Nov 18, 2014 11:27pm
Quoting traderathome
{quote} USDCHF Long Trade Update: Added 2nd classic entry. PA shows a new upthrust bar with increased activity and still below the whole number, PVSRA indicating the AS bulls just did another round of heavy buying. This won't keep them from pulling the price back, though, which they will often do when readying for another buying surge. {image}
USDCHF Long Trade Update:

Added 3rd classic, re-entry. Adjusted TP, SL.

With those two spikes lower and recoveries, all while volume steadily increases, we can safely presume the MMs are bulls and that they are loading up on longs. So, I have added to this trade.
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  • #77,636
  • Edited 6:04am Nov 19, 2014 2:24am | Edited 6:04am
EURUSD long entered, hope it will work.

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Update: Done.

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  • #77,637
  • Nov 19, 2014 2:42am Nov 19, 2014 2:42am
Hi all,

Can you tell me if my short positions at this precise time were good?
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  • #77,638
  • Nov 19, 2014 2:58am Nov 19, 2014 2:58am
Hello ,

Good day for me , what about you all ??

E/U ...
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Wave-Setup
  • #77,639
  • Nov 19, 2014 4:04am Nov 19, 2014 4:04am
Quoting gene3
Hello , Good day for me , what about you all ?? E/U ... {image}
hi genge3,
i am still waiting for chance of EU. and i think your entry was on the AS.
  • #77,640
  • Nov 19, 2014 4:41am Nov 19, 2014 4:41am
Quoting gene3
Hello , Good day for me , what about you all ?? E/U ... {image}
really?
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