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Sonic R. System

  • #77,641
  • Edited 5:48am Nov 19, 2014 4:46am | Edited 5:48am
Quoting traderathome
{quote} 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. {image}
USDCHF Long Trade Update:

SL hit for loss of 25 pips average, 75.1 pips total.

This is still bullish. The error was mine in not waiting until the LS was well underway before considering a trade. Seeing it as still bullish, I have.....

Entered classic long again. TP in same area as before. No SL until after the US session gets underway and I see how it starts off, because the MMs have already whacked this to accumulate longs at lower prices, and the US MMs might do it likewise. But, they might not, which is why I have re-entered here.
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Edit: Lower SL also hit for loss of 21.5 pips average, 129.2 pips total.
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  • #77,642
  • Nov 19, 2014 5:01am Nov 19, 2014 5:01am
Quoting ryanwong
{quote} hi genge3, i am still waiting for chance of EU. and i think your entry was on the AS.

You trade euro on asian ?

@coolmakina

what ?? Tell me wats rong ? am abrother for you man
Wave-Setup
  • #77,643
  • Nov 19, 2014 5:10am Nov 19, 2014 5:10am
Hey! Can anybody attach the last version of the template? I canīt find it
  • #77,644
  • Nov 19, 2014 5:24am Nov 19, 2014 5:24am
Quoting Elmotti
Hey! Can anybody attach the last version of the template? I canīt find it
Read my signature.
  • #77,645
  • Nov 19, 2014 5:41am Nov 19, 2014 5:41am
Quoting gene3
{quote} You trade euro on asian ? @coolmakina what ?? Tell me wats rong ? am abrother for you man
news ahead, take caution... that's all!
to soon to long, i guess. price is being prepared for the news in 11 min...
let's see!
If you don't know how to earn money, don't loose it.
  • #77,646
  • Nov 19, 2014 5:50am Nov 19, 2014 5:50am
Quoting traderathome
{quote} 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...
NZDUSD Short Trade Closed:

Closed for gain of 47.9 pips average, 718.2 pips total.
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  • #77,647
  • Nov 19, 2014 5:59am Nov 19, 2014 5:59am
Quoting gene3
Hello , Good day for me , what about you all ?? E/U ... {image}

Sl moved to +5 pips .

Ride The Waves ........
Attached Image
Wave-Setup
  • #77,648
  • Edited 7:03am Nov 19, 2014 6:05am | Edited 7:03am
AUDUSD Long Open:

M5 classic. No TP, SL at this time.
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Edit:

Here is what I see happening. Earlier there was high volume as price made LOD (Low of Day) where the bullish PA wave starts. Later, there was increasing volume as the PA wave constructed the 3rd leg and the classic setup has its breakout. Now, the market is awaiting the FOMC release. Meanwhile, the MMs are working the price lower. So, there are definite bullish connotations. In light of this, I have been adding to the trade at steps down during this retrace, and I plan on continuing to do so for a maximum of 4 long Scouts together with my initial classic entry.
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Even though seemingly bullish, this could go either way later. With FOMC, if this starts to drop, and with the lower whole number not that far below, the question will be if to close the long trade, or wait out the drop to see if the MMs are only whacking down there for more accumulation of longs. I am undecided about what I might do if this happens, because it will mean that the price has broken down thru RWL and that increases the odds of a rebound at some point down there.

On this H1 chart you can see my plan: start and build trade at/below half number for target at whole number above. And the main question becomes, if price is whacked further, do I want to fold or hold? And if I hold, do I want to add more "in the red" if the whack job attains the lower whole number? This becomes very interesting, because it would be typical MMs manipulation to drive the price down to stop out longs and sucker in shorts to create liquidity for them to build more longs at lower prices, and then drive the price up which would cause the shorts to capitulate/buy to close, which in turn would add momentum to the drive up,....building the profits for these Robber Banks. Or, this could just keep going lower! This is the quandary I face, now that I have made a M5 trade entry on bullish connotations.
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  • #77,649
  • Nov 19, 2014 9:06am Nov 19, 2014 9:06am
Quoting traderathome
AUDUSD Long Open: M5 classic. No TP, SL at this time.{image} Edit: Here is what I see happening. Earlier there was high volume as price made LOD (Low of Day) where the bullish PA wave starts. Later, there was increasing volume as the PA wave constructed the 3rd leg and the classic setup has its breakout. Now, the market is awaiting the FOMC release. Meanwhile, the MMs are working the price lower. So, there are definite bullish connotations. In light of this, I have been adding to the trade at steps down during this retrace, and I plan on continuing...
AUDUSD Long Update:

I have completed the adding of four long Scouts.

With the LS now ended, it is interesting to see that the price came back down to the area of the early LS lows. It looks like the non-US MMs - now dearly departed - created one final opportunity to accumulate long orders ahead of FOMC. Now, it is possible the US MMs will whack this further - no competition now for liquidity to get long orders filled at lower prices - and so even though I have completed the adding of four long Scouts, I remain disposed to add an additional long Scout or two if the US Robber Banks get the price to the lower whole number area. I know they can. And they might. And they might not be totally finished whacking this until the FOMC release.
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  • #77,650
  • Nov 19, 2014 9:20am Nov 19, 2014 9:20am
USDCAD Short Open:

Scout entry at half number.

There has been the greatest activity earlier today as price twice came down off the highs above the half number. This is a PVSRA indication of bears. Another indication of bears is the fact that the price rose back to the half number as the LS came to a close, which I interpret as the non-US MMs creating a final opportunity for themselves to accumulate short orders ahead of FOMC.

My plan for this trade is to build at/above this half number with a target at the half number 100 pips below. The US MMs might whip this up in conjunction with FOMC, maybe to the RDH area. So I am not using a hard SL for this trade at this time. In fact, if they do whip the price up, I plan on adding short Scouts to this trade.
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  • #77,651
  • Nov 19, 2014 10:15am Nov 19, 2014 10:15am
Quoting traderathome
USDCAD Short Open: Scout entry at half number. There has been the greatest activity earlier today as price twice came down off the highs above the half number. This is a PVSRA indication of bears. Another indication of bears is the fact that the price rose back to the half number as the LS came to a close, which I interpret as the non-US MMs creating a final opportunity for themselves to accumulate short orders ahead of FOMC. My plan for this trade is to build at/above this half number with a target at the half number...


hi tah
please tell me a bout (half number )
  • #77,652
  • Nov 19, 2014 10:58am Nov 19, 2014 10:58am
Quoting forexTN14
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 ] {image}
hi FOREX TN14
can i fit 4 time frame in 1 page , just like you did
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  • #77,653
  • Nov 19, 2014 11:17am Nov 19, 2014 11:17am
Quoting ahhamidz
{quote} hi tah please tell me a bout (half number )
Read my signature.
  • #77,654
  • Nov 19, 2014 12:26pm Nov 19, 2014 12:26pm
Quoting ahhamidz
{quote} hi FOREX TN14 can i fit 4 time frame in 1 page , just like you did {image}
the indicator calls pipware minichart, u can find it in this forum. Just use search function.

Most of the times I dont use it, just turn on occasionally to have a view. This indicator uses a lot ( ram/cpu or what ever it calls ) so I dont use it for trading.
  • #77,655
  • Edited Nov 20, 2014 1:49am Nov 19, 2014 11:32pm | Edited Nov 20, 2014 1:49am
Entered a Goldshort scout, based on H1 big rebound off Dragon and daily two-bar reverse... TP area not set maybe hold long term.
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  • #77,656
  • Edited 12:47am Nov 20, 2014 12:34am | Edited 12:47am
Morning all , Any one riding this wave with me ??

edited : stooped at entry , price goes up +30 then reversed
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Wave-Setup
  • #77,657
  • Nov 20, 2014 12:48am Nov 20, 2014 12:48am
GBP/USD : ..
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Wave-Setup
  • #77,658
  • Edited 1:32am Nov 20, 2014 1:17am | Edited 1:32am
Quoting traderathome
gene3 and bargain, Please take heed of our posting etiquette here, all stipulated in Post #1, if you want to retain your posting privileges! gene3, please use our provided templates. bargain, your post is of no use to anyone here. As for you, did you have a trade based on that? If so, did you post it anywhere in real time? Otherwise, it is all totally meaningless. Both of you, if you intend to become Sonicers, then do your Post #1 Homework before further posting. If you do not intend such, and do not wish to respect this thread and its posting etiquette,...

Soory tah - All my respect to you .
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Wave-Setup
  • #77,659
  • Nov 20, 2014 1:35am Nov 20, 2014 1:35am
Quoting gene3
{quote} Soory tah - All my respect to you . {image} {image}
Regarding GU, I wanted to warn you to get out of the trade 3 Min before news release, but unfortunately I got to setup my news trading EA in long direction.

MM moved the price below the half number on average activity. Below whole and half numbers is where the MMs prefer to build long.
  • #77,660
  • Nov 20, 2014 2:04am Nov 20, 2014 2:04am
Quoting forexTN14
{quote} Regarding GU, I wanted to warn you to get out of the trade 3 Min before news release, but unfortunately I got to setup my news trading EA in long direction. MM moved the price below the half number on average activity. Below whole and half numbers is where the MMs prefer to build long.
Thanks , I got stooped , but i think G/U still bearish for me .
Wave-Setup
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