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shellsnail replied Feb 1, 2014Hey you're welcome. Just remember that when it comes to these trades, bias + push-pull level are all you need. So long as you are right 1 out of 10 times you will make a small profit - so money management and sticking to the plan are very important ...
The 10XROI System - A High "R" Factor Approach
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shellsnail replied Feb 1, 2014Hey just thought I would share my outlook on the 8 pairs that I am following. Colour code: Turquoise - 4H S/R, trendlines Purple - Daily S/R, trendlines Green - Weekly S/R, trendlines Brown - Monthly S/R, trendlines Grey - Push-pull levels, zones of ...
The 10XROI System - A High "R" Factor Approach
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shellsnail commented Jan 31, 2014Triple bottom, at weekly up trendline; 4H candle bullish engulfing, crossed daily pivot. screams buy for now. Wouldn't be surprised if we get new highs. but all depends if market makes a lower high or not.
Bears Confirm They've Woken Up From Hibernation in US Equities
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shellsnail replied Jan 31, 2014reason why I say this is because when price hits a key level we will always worry that it will reverse, but that's just the inherent risk of trading. To overcome this we just need to respect the market - anything can happen at anytime. Over a longer ...
The 10XROI System - A High "R" Factor Approach
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shellsnail replied Jan 31, 2014Daily chart, the two grey lines are open and close of the first candle. Second candle is the momentum candle, and 3rd candle is the pull-back.
The 10XROI System - A High "R" Factor Approach
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shellsnail replied Jan 31, 2014From my experience so far, it seems better to determine the bias beforehand, identify the push-pull area, do the entry and just stick to the bias/trade regardless of what happens or if price hits any previous push-pull levels because usually those ...
The 10XROI System - A High "R" Factor Approach
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shellsnail replied Jan 31, 2014GBP/AUD: There was another push-pull level made yesterday. Got pretty lucky on this one SO FAR, price came 2 pip to my stop...
The 10XROI System - A High "R" Factor Approach
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shellsnail replied Jan 31, 2014The last two 15 minute candles on EU changed my bias. (i.e. long instead of short) Looking at 1.366 as initial target/ selling zone.
Sonic R. System
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shellsnail replied Jan 31, 2014Actually, many people trade demand supply, support resistance. Given the huge bullish bar on the left, it's not hard to imagine that many traders will be buying at this "low" price. Most, including me, would have expected price to at least bounce ...
Sonic R. System
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shellsnail replied Jan 30, 2014Thanks. I am really falling in love with this system.
The 10XROI System - A High "R" Factor Approach
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shellsnail replied Jan 30, 2014I remember one of the rules of SonicR is never add to a losing position/ average down. I see many of the trades here people are just abusing "scouts" and adding positions based on all sorts of reasons and deviating from SonicR core rules.
Sonic R. System
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shellsnail replied Jan 30, 2014There're many 10xROI trades this week, on the USD pairs. Currently in 5 of them... I took a loss establishing the USD/CHF one, the rest were not stopped out, even though some got pretty close to my SL. I wouldn't be moving them to break-even because ...
The 10XROI System - A High "R" Factor Approach
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shellsnail replied Jan 30, 2014Larger context is that on the weekly chart it is at the upper channel line. Daily chart pin bar and some push-pull. The move also suddenly accelerated/ went parabolic from 2 weeks ago, if you compare the angle of the trendlines on the daily chart. ...
The 10XROI System - A High "R" Factor Approach
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shellsnail replied Jan 30, 2014EU heading into buy zone 1.3545-1.356. If buyers are active then yes, long here has merit since it is a triple bottom of sorts on the daily chart ann lid could spark off a rally to new daily highs or some 200-pip reaction... If level doesn't ...
Sonic R. System
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shellsnail replied Jan 30, 2014Yeah, triple top at the push-pull level. Missed this one because I wasn't paying attention...
The 10XROI System - A High "R" Factor Approach
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shellsnail commented Jan 30, 2014Anybody else hearing this? USD is screaming breakout.
Fed Cuts QE to $65 Billion Pace as Labor Market Improves Further
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shellsnail commented Jan 29, 2014Big picture, gold is testing strong monthly support level at 1195. It remains to be seen if it will drop further to test the monthly trendline just below it. On the weekly chart, it broke the downtrend line and seems to be starting a bullish rally ...
Fed Cuts QE to $65 Billion Pace as Labor Market Improves Further
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shellsnail commented Jan 29, 2014Stocks broke a major trendline decisively last friday after couple of weeks of rectangle movement/consolidation. Now it's at a key support and weekly trendline level. It would be normal for price to hover around here or reverse; crashing straight ...
Fed Cuts QE to $65 Billion Pace as Labor Market Improves Further