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Sonic R. System

  • #80,221
  • Mar 27, 2015 4:26pm Mar 27, 2015 4:26pm
@TAH - I've been advised by VSA traders not to trade past 4pm GMT as most of the MMs are out of the market and the illiquidity makes manipulation easier. I assume due to the large Asian contingent here that you folks trade past this point. I'd love to hear your opinions on how the smart money operates during these hours - whether there is anything to expect, what to watch out for and how they generally make use of this time? Cheers.
"Never Take a Trade You Don't Understand!" - Pres78
  • #80,222
  • Mar 27, 2015 6:02pm Mar 27, 2015 6:02pm
Quoting MisterG
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... {image} P.S Great one Slimy
It was late so market was illiquid and the spread went up drastically on some pairs. On your screenshot it shows it was 15 pips. Not worth trading IMO. Had the same problem.
  • #80,223
  • Mar 27, 2015 6:21pm Mar 27, 2015 6:21pm
Quoting Sheik
{quote} It was late so market was illiquid and the spread went up drastically on some pairs. On your screenshot it shows it was 15 pips. Not worth trading IMO. Had the same problem.
Thanks for clearing this up , just thought about the spread but didn't know that it can change after the entry, that's a thing to remember.
Man lie, woman lie, numbers don't
  • #80,224
  • Edited Mar 29, 2015 2:00am Mar 28, 2015 10:33am | Edited Mar 29, 2015 2:00am
Quoting ZeeDeveel
@TAH - I've been advised by VSA traders not to trade past 4pm GMT as most of the MMs are out of the market and the illiquidity makes manipulation easier. I assume due to the large Asian contingent here that you folks trade past this point. I'd love to hear your opinions on how the smart money operates during these hours - whether there is anything to expect, what to watch out for and how they generally make use of this time? Cheers.
1. Yes, it is easier for the MMs to manipulate price in after hours
2. That can work for you or against you, as they might or might not take price where you want it
3. Watch the spread - shown in the Access Panel - because when price gets to where the MMs want it they sometimes play games with the spread - low for them, high for others - and so it can quickly go up and down in amount so fast that you cannot rely on getting a low spread on your order.

-tah
  • #80,225
  • Mar 29, 2015 1:40am Mar 29, 2015 1:40am
Quoting traderathome
{quote} 1. Yes, it is easier for the MMs to manipulate price in after hours 2. That can work for you or against you, as they might or might not take price where you want it 3. Watch the spread, because when price gets to where the MMs want it they sometimes play games with the spread - low for them, high for others - which can quickly go up and down in amount -tah
sorry ,would you explain the spread clearly, thanks a lot
  • #80,226
  • Mar 29, 2015 7:10am Mar 29, 2015 7:10am
Thoughts on possbile H1 classtic short entires on these 2 pairs?
Attached Image(s) (click to enlarge)
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Click to Enlarge Name: EURUSDH1.png Size: 60 KB
trading alone is lonely
  • #80,227
  • Edited 8:56am Mar 29, 2015 8:41am | Edited 8:56am
Quoting weishin92
Thoughts on possbile H1 classtic short entires on these 2 pairs? {image} {image}
Momentum!

1. You do not need the additional "Spread" indicator because the Access Panel displays the spread.
2. While the EU and EJ H1 charts "suggest" price will continue to roll over and down, be advised that the start of a new week starts a whole new ball game.

EU- Look at the H4 chart. It has the "suggestion" of price moving back higher because price has bounced up from the lower TL.
EJ- Look at the H4 chart. It too, has the "suggestion" of price moving back higher for the same reason.

The point here is that on different TF charts you can "see" things oppositely! We cannot know how the MMs will move price next. Plain and simple. And the start of a new week cancels all previous week bets. It will be a new ball game and we will have to see what develops. Be careful about allowing a bias to set in. We look for MOMENTUM, and if we get it we will most likely get it during a LS and our setup will show it,.....whichever way it goes.

tah
Attached Image(s) (click to enlarge)
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  • #80,228
  • Mar 29, 2015 5:11pm Mar 29, 2015 5:11pm
Quoting leentjai
{quote} Closed Long EUR/USD -2495p total {image}
Reopened and closed EUR/USD long +6910 p total
Attached Image (click to enlarge)
Click to Enlarge Name: eurusd-m15-3003oc.png Size: 58 KB
  • #80,229
  • Mar 29, 2015 5:17pm Mar 29, 2015 5:17pm
Quoting traderathome
NZDUSD Short Trade Open: Classic. As with UCad trade, no TP or SL. Will ride out the day, see what happens. {image}
NZDUSD Short Trade Closed:

Closed for gain of 13.9 pips average, 346.5 pips total gain.
Attached Image (click to enlarge)
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  • #80,230
  • Edited 6:28pm Mar 29, 2015 6:17pm | Edited 6:28pm
opened Scout short USD/CAD
Attached Image(s) (click to enlarge)
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  • #80,231
  • Mar 29, 2015 6:48pm Mar 29, 2015 6:48pm
Opened Scout Long NZD/USD
Attached Image(s) (click to enlarge)
Click to Enlarge Name: nzdusd-d1-3003o.png Size: 64 KB
Click to Enlarge Name: nzdusd-m15-3003o.png Size: 73 KB
  • #80,232
  • Mar 29, 2015 7:23pm Mar 29, 2015 7:23pm
EURUSD

An AS M5 setup for easy 25 pips, for illustration purposes.
Attached Image (click to enlarge)
Click to Enlarge Name: Mar 2015 - 198.png Size: 35 KB
  • #80,233
  • Mar 30, 2015 1:27am Mar 30, 2015 1:27am
Quoting traderathome
{quote} Correct Classics Profitable forexn00b, Every one of your completed trades, including the "stop hunt" trade, was per the requirements. And every one was profitable. As you build your account this way, as you get better at doing it this way, you will be able to invest more in each trade and make even more money this way. I do think your Scout short on GU will turn out profitable, too. It is just that this is the type of trade that can cause real problems sometimes, and should therefore be secondary and only with money you can throw...
GBPUSD scout trade, perfect entry, missed profit

So my scout was a good entry, as we can see now in the morning. What was the mistake I did? Simply put the SL at wrong price, done it from mobile MT4. When I saw it, it was too late, SL triggered, so I lost some pips on the trade. Later I surfed down with the price and earned back 3x of the lost. BUT when I woke up this morning, I saw I missed about 85 pips profit because I was unperceptive.

Lesson learnt: if you trade on mobile, double-triplecheck your levels.

Have great week everyone!
FN

Attached Image (click to enlarge)
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Stay green! FN
  • #80,234
  • Mar 30, 2015 2:07am Mar 30, 2015 2:07am
Morning ,

EUR/USD short classic setup : open / close
Attached Image (click to enlarge)
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A small profit is better than a big minus...
  • #80,235
  • Mar 30, 2015 3:00am Mar 30, 2015 3:00am
USDJPY: close all shorts on H1, now there is classic long and raising bull volumes, start to build longs.
Attached Image (click to enlarge)
Click to Enlarge Name: 30.03.2015 USDJPY-ProH1.png Size: 81 KB


GBPUSD: close all longs on H1, now there is classic short and raising short volumes, start to build shorts.
Attached Image (click to enlarge)
Click to Enlarge Name: 30.03.2015 GBPUSD-ProH1.png Size: 74 KB
  • #80,236
  • Mar 30, 2015 4:25am Mar 30, 2015 4:25am
Opened Long Scout AUD/USD
Attached Image (click to enlarge)
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  • #80,237
  • Edited 6:12am Mar 30, 2015 5:57am | Edited 6:12am
I am not a fluent buyer , but this is my proposition of possible long in GBPJPY M14 Classic , waiting for your comments on it.
Attached Image (click to enlarge)
Click to Enlarge Name: GBPJPYM15.png Size: 62 KB

M15 bar closed below the dragon , closed the trade for now , but still watching it
Man lie, woman lie, numbers don't
  • #80,238
  • Mar 30, 2015 6:28am Mar 30, 2015 6:28am
Quoting MisterG
I am not a fluent buyer , but this is my proposition of possible long in GBPJPY M14 Classic , waiting for your comments on it. {image} M15 bar closed below the dragon , closed the trade for now , but still watching it
I also watched this, but I entered short scout on the top. Price spiked up too much so this is a short on backtrace imho.

FN

Attached Image (click to enlarge)
Click to Enlarge Name: GBPJPYM15.png Size: 77 KB
Stay green! FN
  • #80,239
  • Mar 30, 2015 6:46am Mar 30, 2015 6:46am
Classic short incoming on NZDJPY ? not yet sure , entered a scout ;> Good momentum , clear trend on H1 , price retraced to above 90.00 , odds are in our favour
Attached Image (click to enlarge)
Click to Enlarge Name: NZDJPYH1.png Size: 54 KB
Man lie, woman lie, numbers don't
  • #80,240
  • Mar 30, 2015 6:51am Mar 30, 2015 6:51am
Quoting forexn00b
{quote} I also watched this, but I entered short scout on the top. Price spiked up too much so this is a short on backtrace imho. FN {image}
Yeah , I think you might be right , price went below the dragon , below the trend and it looks as a weak market overall , plus H4 momentum is bearish.
Man lie, woman lie, numbers don't
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