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cigarguy replied Jun 3, 2014feinan, I took a similar trade also, but closed when it stalled at 50% daily fib. around 1.36124 with a small gain.(entered and closed on another platform) Just watch closely if your still in
My volume isn't showing correctly, but just ...Sonic R. System
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cigarguy replied Jun 2, 2014EU M1 shows good example of why to be careful on entries and watch for exits before H1 reset. Red candle headed down, dragon headed up but below ema and at 23.6% daily fib, then on reset look at the next green candle. MM's get you sucked in on ...
Sonic R. System
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cigarguy replied Jun 2, 2014Sonicers FYI, This H1 candle re-set is exactly what I mentioned in my earlier post #72,617. Some watch for the re-set to trade and others stay out of the mkt on the re-set. If your new and didn't realize this then just a heads up for your ...
Sonic R. System
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cigarguy replied Jun 2, 2014EU, M5 entered 2 long scout scalps + 11.7 gain standard 10 lots; 1st from pullback and whole number bounce, 2nd after pullback bounce from whole number again and break of DSI and triangle to target at 23.6 daily fib/resistance.
looks like ...Sonic R. System
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cigarguy replied May 31, 2014Sonicers, (Posted primarily to answer PM's received from new traders in the essence of saving time to answer each) Often in my posts (as other traders do as well) I will make mention to using Pivot Points, Fibonacci and Psychological Levels for S/R, ...
Sonic R. System
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cigarguy replied May 30, 2014billko1977, Thank You. We are all here to help and learn from each other. The Sonic R Mantra "Caring Is Sharing"
Regards,
CigarguySonic R. System
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cigarguy replied May 30, 2014billko1977, Well, for my quick scalps I watch levels, pivots and fibs for S/R. If I see that candles (price) has been respecting these levels previously then for my quick trade I will usually close when the wick again runs to that level and then a ...
Sonic R. System
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cigarguy replied May 30, 2014UJ, quick M5 scalp, dragon, ema headed up and above pivot/support, +5 small pips standard. Closed candle wick bounce from 61.8 fib. IMO, if it breaks fib next target around quarter number, but it's Friday
Regards,
CigarguySonic R. System
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cigarguy replied May 29, 2014feinan, Ok, good trade
That's why we all work together and discuss different ideas, not to influence but maybe have a different opinion or point of view.
Regards, CigarguySonic R. System
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cigarguy replied May 29, 2014feinan, Did you end up taking the EU long as you were going to yesterday? Regards,
CigarguySonic R. System
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cigarguy replied May 29, 2014EU as an example. Do MM's trade these levels? ( DR1 & quarter number area together resistance ) Oh, I think soooo!
Regards,
CigarguySonic R. System
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cigarguy replied May 29, 2014EU, quick M5 scalp +9.6 standard, entered way late above pivot/support, but waited for dragon and ema to turn up and above 200 sma headed up, closed near target DR1/resistance where a bounce down is likely
Net +16.4 so far and watching :nerd: ...Sonic R. System
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cigarguy replied May 29, 2014EU, quick M15 scalp +6.8 small pips standard. Just below pivot/support to round number for me. Left lots on the table for you position traders, just my style I like levels and as do MM's!
IMO, Day still shows continued weakness, dragon and ema ...Sonic R. System
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cigarguy replied May 28, 2014feinan, Please follow your own analysis and instincts your usually right.
I'm just showing you what I see. I'm just a scalper what do I know...
Regards, CigarguySonic R. System
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cigarguy replied May 28, 2014feinan, The EU M15 might be getting close for your classic long set up if your still in the bullish camp?
Regards, CigarguySonic R. System
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cigarguy replied May 28, 2014feinan, The only problem I have with your bullish scenario is this weakness long term. Dragon and EMA headed down, break of 200 sma (MM's like to play this MA for S/R) and trend line break. Yes of course there are a lot of moves intra-day but I know ...
Sonic R. System
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cigarguy replied May 28, 2014TAH, Yes, was looking at that as well. I guess have to wait until LO and see what the MM's have in mind. ( But I won't be around so many pips to all and save some pips for tomorrow. Don't hurt the MM's too bad!
) And another scenario on the ...Sonic R. System
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cigarguy replied May 28, 2014feinan, Yes, I think your right about pullback around LO for the classic if it happens. It looked like maybe a H1 retrace but for now EU looks strong; broke round number, 200 sma and pivot.
Regards,
CigarguySonic R. System
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cigarguy replied May 28, 2014USDCAD, Quick M5 scalp small +5.1 gain standard. Was not watching this one. Thanks for the heads up TAH
Regards,
CigarguySonic R. System
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cigarguy replied May 28, 2014UJ, quick M5 scalp to pivot/resistance. Entry on pull back a bit late and only small +3.6 pip gain, standard 20 lots.
Regards,
CigarguySonic R. System