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Sonic R. System

  • #17,061
  • Jan 26, 2011 1:12am Jan 26, 2011 1:12am
According to rules long, am I right TAH ?
Regards,

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  • #17,062
  • Jan 26, 2011 1:20am Jan 26, 2011 1:20am
UChf:

With hours to go before USD high and medium impact releases, PA might continue consolidation.....create a range....instead of taking off. So, although there is already a series of WAVEs, maybe ranging will create a larger WAVE before this moves up. In other words, PA might do a nice pullback relative to the current swing up, again putting PA at/near original PA exit from Dragon.

In the extreme, PA could form a Double Bottom. In contrast, PA could just continue inching up from where it is. But with releases coming, and with the US open coming, there is reason to anticipate a pullback of some sort before any substantial climb continues.
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  • #17,063
  • Jan 26, 2011 1:32am Jan 26, 2011 1:32am
Quoting Micheel
According to rules long, am I right TAH ?
Regards,

Attachment
Yes. Just be careful out of consideration for the H4 chart. Nothing keeps climbing forever. And PA is at the same S&R area it failed at before! So, if it moves up from here, how much is very questionable because now every new pip comes with the threat of sudden and extreme volatility.
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  • #17,064
  • Jan 26, 2011 1:37am Jan 26, 2011 1:37am
Quoting nando_rich
A sonic setup is forming with volume incresing before the entry trade. If the PA breaks out the Support Line, i could go until the next whole number into of RgL.

Regards.
The setup wasn't confirmed. The PPM's bring the PA to the DPV and heavy down to the resistance zone in release time. Pure manipulation!!!

It's time to wait for a short setup again.
"Being picky only cost your time - not MONEY"...Hans
  • #17,065
  • Jan 26, 2011 1:46am Jan 26, 2011 1:46am
EU:

These "mirror like" candles are signalling resistance in the whole number area, again and again. I already posted about this warning. And the H4 chart presents a strong warning against thinking "another usual long move" might happen. What happens today could be anyhing BUT usual!

.....PA at critical area, PA has already climbed extensively, PA was sold off big-time at the first of the year, US traders not at table yet, AND ......

.....MULTIPLE HIGH IMPACT RELEASES are coming!
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  • #17,066
  • Jan 26, 2011 2:17am Jan 26, 2011 2:17am
Hello !

just downloaded your template...thanks !.....trying to understand it...i'm a newbie and my losses are driving me up the wall....what is your advise regarding eur/usd ? should i buy now?
thanks
  • #17,067
  • Jan 26, 2011 2:26am Jan 26, 2011 2:26am
Quoting nando_rich
Hi:

I'm short on EJ. Something like this could happen today.

We'll see.
It seems my triangle was badly drawn, I've redrawn it.
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"Being picky only cost your time - not MONEY"...Hans
  • #17,068
  • Jan 26, 2011 2:56am Jan 26, 2011 2:56am
For me it would have been a risky trade. Strong counter trend and against the DPV, but with the appropriate TP (50% fibo), would have been good for +45 pips at the moment what would be a good profit of course.

We can also see another example of vol in low and in the support zone.

For me the key to success is the appropriate TP.

Regards.
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"Being picky only cost your time - not MONEY"...Hans
  • #17,069
  • Jan 26, 2011 3:36am Jan 26, 2011 3:36am
Quoting nando_rich
For me the key to success is the appropriate TP.
Hi Nando,
you are right. For me is more difficult exit point than entry point.
What do you think about?
Thanks
  • #17,070
  • Jan 26, 2011 4:32am Jan 26, 2011 4:32am
Quoting andrew1974
Hi Nando,
you are right. For me is more difficult exit point than entry point.
What do you think about?
Thanks
I agree with you, we never know where the PA to come.

The only thing we can do is set a TP based on a confluence of S & R (whole number, S & R historical, fibo Levels, pivots .. etc) and move the SL on our favor according to trade development to protect the profits.

Regards.
"Being picky only cost your time - not MONEY"...Hans
  • #17,071
  • Jan 26, 2011 4:35am Jan 26, 2011 4:35am
EU:

As we approach US open, PA might be forming a down WAVE. The first of the releases, still about 2.5 hours away, is problematic because it is difficult to imagine any run starting beforehand. But, it could happen. Considering where price is, anything can happen now. The Dragon has not yet rolled over, but that could happen quite quickly if PA starts to drop.
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  • #17,072
  • Jan 26, 2011 4:44am Jan 26, 2011 4:44am
UJ:

Today could turn out to be a "dollar strength" day. Look at this one. Again, we have important releases to contend with, but there is consolidation taking place in the EP zone......after multiple bounces at the whole number.
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  • #17,073
  • Jan 26, 2011 5:04am Jan 26, 2011 5:04am
Quoting nando_rich
I agree with you, we never know where the PA to come.

The only thing we can do is set a TP based on a confluence of S & R (whole number, S & R historical, fibo Levels, pivots .. etc) and move the SL on our favor according to trade development to protect the profits.

Regards.
I am working on that......an indicator that will place S&R lines starting nearest the Bid and working out in both directions from there. The number of candle closes at a level to qualify a line as a SR line will be user adjustable. The number of SR lines above/below Bid to display will be user adjustable. And it will be preset to analyze PA history on user's choice of short, medium, or long term basis. So, when a setup occurs, the user can start to tweak the indicator to best show SR lines from which to select TPs.

On some of my posted charts, you can see these lines as I field test the indicator. But, I am not sure I should include it in the next release of upgraded indys......it will take the last of the "personal touches" out of SonicR trading.
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  • #17,074
  • Jan 26, 2011 5:47am Jan 26, 2011 5:47am
Quoting traderathome
I am working on that......an indicator that will place S&R lines starting nearest the Bid and working out in both directions from there. The number of candle closes at a level to qualify a line as a SR line will be user adjustable. The number of SR lines above/below Bid to display will be user adjustable. And it will be preset to analyze PA history on user's choice of short, medium, or long term basis. So, when a setup occurs, the user can start to tweak the indicator to best show SR lines from which to select TPs.

On some of my posted charts,...
why not? It seems a very useful tool.

With this and the HA-Candle transmuting indi. I will be very happy

Thank you very much for all your work on the code of the sonic template.

It is without doubt the most clean and advanced template in FF (for my taste).
"Being picky only cost your time - not MONEY"...Hans
  • #17,075
  • Jan 26, 2011 5:48am Jan 26, 2011 5:48am
EJ:

I thought PA might wait on the USD releases (await impact E), but this might lead the pack down if traders don't wait.
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  • #17,076
  • Jan 26, 2011 6:11am Jan 26, 2011 6:11am
Quoting traderathome
EJ:

I thought PA might wait on the USD releases (await impact E), but this might lead the pack down if traders don't wait.

I agree. I'm short since the London open and the PA is in my EP again. I wait the trade progress in my favor when the triangle is broken out.

A too tight SL would have canceled my trade. Is the importance of using SL to allow breathing our trades.
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"Being picky only cost your time - not MONEY"...Hans
  • #17,077
  • Jan 26, 2011 6:34am Jan 26, 2011 6:34am
EJ and EU:

Look good to go. Traders likely just waiting for the first of the USD releases in less than 30 minutes. Movement might begin beforehand.
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  • #17,078
  • Jan 26, 2011 6:37am Jan 26, 2011 6:37am
UChf and AU:

Same as with EJ and EU.
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  • #17,079
  • Edited 7:11am Jan 26, 2011 6:50am | Edited 7:11am
Impending USD High Impact Release:

Folks, if you are in a trade and if you believe in it, remove your SL! PA could make a broad whipsaw in conjunction with the upcoming USD high impact release if PPMs suddenly hunt SLs over a broad price range!

If you are not confident, not sure, close the trade. You can always enter again. A tight SL could close the trade for you at a loss!

Edit: I have seen them go hunting SLs 5, 10, 15 minutes AFTER releases.....once they think traders have started to relax and tighten their SLs. So be careful. And, there is another USD high impact release in 4 hours. PA could he extra volatile, with the possibility for whipsawing at any time.
  • #17,080
  • Jan 26, 2011 7:44am Jan 26, 2011 7:44am
Market Outlook:

Already we've see a USD High Impact release and a USD Medium Impact release......both with little impact at all.......so far. In about 3.5 hours there is another USD High Impact release.

Is there any sense to current PA?

Well, the PPMs could just be biding their time until that next release. Or, they might be digesting the already released data and making plans. In which case anything could suddenly happen once they start acting on those plans.

So again, be careful if you are in a trade and have set a SL. A whipsaw SL hunting event over a broad price range could happen anytime today, and close your trade at your SL.
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