Bear Decrease volume on EURUSD...
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Hello, Sonicers
I am relatively new to the system and still learning and practicing, although I find it very efficient and logical. Thanks to Sonic, Tah and all the others contributing to the system and the community. Could I request someone to upload here Rhaghee's book that the system is based on if it is possible.
Also I am attaching my last trade which is based on the assumption that the price will hold 119.00 strong level which also coresponded with the H4 TF trendline. Although I do think that the USD will be gaining back its strenght compared to all other currencies soonly.
Regards, Vladimir
I am relatively new to the system and still learning and practicing, although I find it very efficient and logical. Thanks to Sonic, Tah and all the others contributing to the system and the community. Could I request someone to upload here Rhaghee's book that the system is based on if it is possible.
Also I am attaching my last trade which is based on the assumption that the price will hold 119.00 strong level which also coresponded with the H4 TF trendline. Although I do think that the USD will be gaining back its strenght compared to all other currencies soonly.
Regards, Vladimir
- #78,892
- Feb 9, 2015 7:30am Feb 9, 2015 7:30am
- Joined Mar 2008 | Status: PVSRA with Traderathome | 23,552 Posts
- #78,893
- Feb 9, 2015 3:16pm Feb 9, 2015 3:16pm
- Joined Jul 2011 | Status: Trader | 1,521 Posts
Hello, Sonicers I am relatively new to the system and still learning and practicing, although I find it very efficient and logical. Thanks to Sonic, Tah and all the others contributing to the system and the community. Could I request someone to upload here Rhaghee's book that the system is based on if it is possible. Also I am attaching my last trade which is based on the assumption that the price will hold 119.00 strong level which also coresponded with the H4 TF trendline. Although I do think that the USD will be gaining back its strenght compared...
Read and Enjoy !
- #78,894
- Edited 6:04pm Feb 9, 2015 4:09pm | Edited 6:04pm
- Joined Mar 2008 | Status: PVSRA with Traderathome | 23,552 Posts
AUDUSD Short Trade Open/Closed:
Scout is first entry when MMs whip price back up to last major resistance area (red line) around FR 62% in the last session. As you can see, then followed a series of bearish PA waves which formed a Classic short setup very late in the session. Second entry is delayed until the MMs whip retrace price back to/through Trend (a safety measure because Dragon is on wrong side of Trend for optimum short trade). 
Stopped out for loss of 2 pips average, 40 pips total loss. See! This is why not to trade the AS. Being way before the LS, it just adds up mostly to more time the Robber Bank MMs have to plan and execute stop hunts, especially if there has previously been lots of activity for them to hunt! With the lower HLs and all this activity being above a whole number, I do still see this as bearish and this move as a stop hunt on shorts. Therefore, I am reopening the short trade, which I will post later. I am not setting a hard SL on this and I am looking to add more. I actually hope the MMs whip it up further, maybe another, gigantic stop hunt in the LS taking price to DR1? Anyway, trading the AS is very problematic, requiring a tight SL, or no SL,.....pick your poison! Or stay away from it. 
Scout is first entry when MMs whip price back up to last major resistance area (red line) around FR 62% in the last session. As you can see, then followed a series of bearish PA waves which formed a Classic short setup very late in the session. Second entry is delayed until the MMs whip retrace price back to/through Trend (a safety measure because Dragon is on wrong side of Trend for optimum short trade).
Stopped out for loss of 2 pips average, 40 pips total loss. See! This is why not to trade the AS. Being way before the LS, it just adds up mostly to more time the Robber Bank MMs have to plan and execute stop hunts, especially if there has previously been lots of activity for them to hunt! With the lower HLs and all this activity being above a whole number, I do still see this as bearish and this move as a stop hunt on shorts. Therefore, I am reopening the short trade, which I will post later. I am not setting a hard SL on this and I am looking to add more. I actually hope the MMs whip it up further, maybe another, gigantic stop hunt in the LS taking price to DR1? Anyway, trading the AS is very problematic, requiring a tight SL, or no SL,.....pick your poison! Or stay away from it.
- #78,896
- Edited Feb 10, 2015 12:14am Feb 9, 2015 5:11pm | Edited Feb 10, 2015 12:14am
- Joined Mar 2008 | Status: PVSRA with Traderathome | 23,552 Posts
USDJPY Short Trade Open/Close:
Very nice series of bearish waves starting last Friday. The whack below the half number yesterday could have been to suck in shorts, because then the MMs whip retraced the price, which could have been stop hunting them. Because this is before the LS the MMs could whip price again, but right now the Dragon is angled down and is below the Trend, which is also angled down,.....and AS trading has broken the half number support. 
Closed for gain of 2.1 pips average, 21 pips total. I agree with a later post by Msis125125 cautioning me about this short trade due to the increasing possibility all the JPY pairs are looking more and more bullish ahead of the JPY bank holiday starting tomorrow. And with more USD high impact releases coming, .....well maybe all JPY pairs - including this one - go up over the next 1-2 days and then we see about some whacking. 
Very nice series of bearish waves starting last Friday. The whack below the half number yesterday could have been to suck in shorts, because then the MMs whip retraced the price, which could have been stop hunting them. Because this is before the LS the MMs could whip price again, but right now the Dragon is angled down and is below the Trend, which is also angled down,.....and AS trading has broken the half number support.
Closed for gain of 2.1 pips average, 21 pips total. I agree with a later post by Msis125125 cautioning me about this short trade due to the increasing possibility all the JPY pairs are looking more and more bullish ahead of the JPY bank holiday starting tomorrow. And with more USD high impact releases coming, .....well maybe all JPY pairs - including this one - go up over the next 1-2 days and then we see about some whacking.
- #78,900
- Feb 9, 2015 5:41pm Feb 9, 2015 5:41pm
- Joined Jul 2011 | Status: Trader | 1,521 Posts
{quote} Thank you so much, Spasibo!