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Sonic R. System

  • #80,201
  • Mar 27, 2015 9:59am Mar 27, 2015 9:59am
USDCHF Short : open/close... +500 pips
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A small profit is better than a big minus...
  • #80,202
  • Mar 27, 2015 10:03am Mar 27, 2015 10:03am
GBPUSD Comment

If you examine the M15 charts for AU, EU, GU, and NU you will see that GU shows far more bullish than the others, some of which are actually showing bearish. Call me "suspicious" if you like, but I think the deceiving and thieving MMs are being very manipulative with GU to assure this bullish appearance, in order to suck in longs so they can get ongoing liquidity needed to continue to fill short orders.

AU is bearish. So is NU. And It won't take much for EU to be bearish. So, I see GU as the "Odd Man Out" and I think the MMs are suckering the market on GU. Note that the price has been taken above the whole Level often today (PVSRA).

I am not recommending trying to pick a top with a Scout entry. I am just pointing out that this could become a Classic short trade - maybe today, maybe next week - and a very good short trade whenever that happens.

tah
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  • #80,203
  • Mar 27, 2015 10:13am Mar 27, 2015 10:13am
Quoting tulis
USDCHF Short : open/close... +500 pips {image}
tulis,

Congratulations on your profit!

Not a Classic trade. Obviously higher risk. Not recommended. Glad it worked out for you.

BTW, good pic. posted this time,....complete chart and showing closed trade PL label.

tah
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  • #80,204
  • Mar 27, 2015 10:22am Mar 27, 2015 10:22am
GBPAUD +70 Pips

Demarko
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'Simplicity is the ultimate sophistication'
  • #80,205
  • Mar 27, 2015 10:25am Mar 27, 2015 10:25am
Quoting traderathome
{quote} tulis, Congratulations on your profit! Not a Classic trade. Obviously higher risk. Not recommended. Glad it worked out for you. BTW, good pic. posted this time,....complete chart and showing closed trade PL label. tah {image}
TAH I know is not classic trade on 15M but, before I'm opening I'm check how price going on 1H and 4H charts , and 4H chart was very nice . And waves shows price correction on 15M.
A small profit is better than a big minus...
  • #80,206
  • Mar 27, 2015 10:28am Mar 27, 2015 10:28am
USDCAD Long Trade Open:

Classic. I am back in this trade, but with smaller size. No TP, SL. Will ride out the day, see what happens,.....see if a stop hunt, etc.
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  • #80,207
  • Mar 27, 2015 10:32am Mar 27, 2015 10:32am
NZDUSD Short Trade Open:

Classic. As with UCad trade, no TP or SL. Will ride out the day, see what happens.
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  • #80,208
  • Mar 27, 2015 10:41am Mar 27, 2015 10:41am
USDJPY Signal:

Note the high volume drop below whole Level (PVSRA). Neither Trend nor Dragon are angled up, but it would not take much price movement to cause both to do so, and to have the Dragon rise above the Trend in the process! A break high of the upper half Level is key to a successful Classic long setup/trade. And keep in mind the possibility of stop hunting later, in conjunction with the FOMC release.

If the MMs start this up - late on a Friday - I do not see them stopping at RDH. I see them continuing the push to the upper whole Level, and maybe to RWH. Just speculation on my part, though. We can never know how the MMs will move price.
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  • #80,209
  • Mar 27, 2015 10:42am Mar 27, 2015 10:42am
USDCAD Long: Open/Close +250 (I think was a little early, welcome all feedback). re-uploaded the template but still the color scheme is not as per expectation. will try to fix it during weekend.

Initial TP was 500 level but lowered it eventually, keeping in mind the market outlook
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  • #80,210
  • Mar 27, 2015 10:58am Mar 27, 2015 10:58am
Quoting traderathome
USDCAD Long Trade Open: Classic. I am back in this trade, but with smaller size. No TP, SL. Will ride out the day, see what happens,.....see if a stop hunt, etc. {image}
USDCAD Long Trade Closed:

Closed for gain of 50.1 pips average, 501 pips total gain.
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  • #80,211
  • Mar 27, 2015 11:07am Mar 27, 2015 11:07am
GBPCAD +62 pips

Demarko
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'Simplicity is the ultimate sophistication'
  • #80,212
  • Mar 27, 2015 11:22am Mar 27, 2015 11:22am
EURUSD Comment

Made 50+% retrace, but price still fell short of the half Level, which it could still get to, and above. Maybe the MMs will let more shorts come in and then stop hunt a bit higher later. There is still plenty of time for the deceiving and thieving MMs to do this. Whether or not the MMs will take the price back down today is a horse of a different color. They might just wait until next week. We cannot know how the MMs will move price.
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  • #80,213
  • Mar 27, 2015 11:23am Mar 27, 2015 11:23am
EURUSD quicky. Did not expect a move this high so hard target was hit, will not complain. +39p.

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Hidden in plain sight.
  • #80,214
  • Mar 27, 2015 11:32am Mar 27, 2015 11:32am
The pros and cons of using predetermined profit target orders..
Pros:
- Able to set risk:reward ratio
- Can walk away from the trade
Cons:
- May miss profiting more from large moves like this...
Attached Image (click to enlarge)
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  • #80,215
  • Mar 27, 2015 11:35am Mar 27, 2015 11:35am
Quoting traderathome
USDJPY Signal: Note the high volume drop below whole Level (PVSRA). Neither Trend nor Dragon are angled up, but it would not take much price movement to cause both to do so, and to have the Dragon rise above the Trend in the process! A break high of the upper half Level is key to a successful Classic long setup/trade. And keep in mind the possibility of stop hunting later, in conjunction with the FOMC release. If the MMs start this up - late on a Friday - I do not see them stopping at RDH. I see them continuing the push to the upper whole Level,...

USDJPY Long Trade Open:

Scout entries I will call them because a true Classic is not yet setup. I have made entries based on repeated high volumes at the lows since the US open. No TP, SL at this time.
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  • #80,216
  • Mar 27, 2015 12:06pm Mar 27, 2015 12:06pm
My trading day is over
USDCAD + 848 pips
AUDUSD + 173 pips

TOTAL 1021 points
Have a nice weekend !
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Man lie, woman lie, numbers don't
  • #80,217
  • Mar 27, 2015 12:14pm Mar 27, 2015 12:14pm
Quoting TrendyTrade
The pros and cons of using predetermined profit target orders.. Pros: - Able to set risk:reward ratio - Can walk away from the trade Cons: - May miss profiting more from large moves like this... {image}
A Perfect Classic Trade

TrendyTrade,

You waited for the setup. Even for a pop back above the whole number, I think, from your chart. And DS1 is always a prime target of all the pivots. And with it being in confluence with RDL, your reasoning is faultless. Your trade made profit.

We traders cannot concern ourselves with "missed" profits, because that seduces us into overstaying our welcome in a trade, and also into trying to pick highs and lows for entries into a trade. The Sonic R. System is momentum based as a kick-off and with reasoned areas of historic S&R and consolidation as targets.

Don't beat yourself over a perfect Classic trade! And congratulations on it.

tah
Attached Image (click to enlarge)
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  • #80,218
  • Edited 2:28pm Mar 27, 2015 1:21pm | Edited 2:28pm
NZDJPY Signal:

H1 chart Trend down....Dragon down and below Trend......PA sitting on key S&R 1/4 Level. The M15 chart is bearish too, but flat, as might be expected after so long ranging. H1 PA is definitely bearish, and a break low of the lower whole Level could have the result of price reaching the area of confluence of the lower half Level/RDL/RWL.

While not directly related to USD and the coming FOMC "release", the MMs could still have the intent to hit RWL, since they have not bothered to try for RWH and since RWL is not that far off.

And, think about this. So late on a Friday, FOMC or not, there won't be a lot of active traders around. So, it will be easier for the MMS to slam the price (up or down) to wherever they want it. And, once they get the price where they want it, they won't be concerned about anything else happening. They can hold the price there and do whatever needs doing next week.
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  • #80,219
  • Mar 27, 2015 2:22pm Mar 27, 2015 2:22pm
I saw the classic USD/CAD ALSO...

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  • #80,220
  • Mar 27, 2015 4:09pm Mar 27, 2015 4:09pm
I was just scammed by my broker. Don't know what happend there , went short on high volume activity on NZDJPY , I know it's late and it was quite risky , but it seems that my broker has his own agenda in this high volume before close of the week...

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P.S Great one Slimy
Man lie, woman lie, numbers don't
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