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Sonic R. System

  • #1,021
  • Jan 6, 2009 8:33am Jan 6, 2009 8:33am
Quoting eternalrealm
Upload jus now failed... Saw a little price action moving long... and entered.. = ='' now... seem stuck at the price...

Have to bet on this one to offset my losses today or......................
Ur entry seems ok,,,,

Wave Analysis..ok
EMA .. ok
All indi .. ok

...but ur going against the major trend which is Down...
Protect ur profit...Trail it close
All the best...

Sonic
Attached Image (click to enlarge)
Click to Enlarge Name: eurjpy.gif Size: 17 KB
  • #1,022
  • Jan 6, 2009 8:46am Jan 6, 2009 8:46am
Quoting eternalrealm
Upload jus now failed... Saw a little price action moving long... and entered.. = ='' now... seem stuck at the price...

Have to bet on this one to offset my losses today or......................

....Possible 5-wave completed at this juncture; and will correct back to lower degree 4 -1.3380+; I would've waited for a pattern to form here and to create a HH & HL before looking for long....Please don't try to pick tops and bottoms; it's aggressive and it's dangerous....
~*~You are only one trade away from humility~*~
  • #1,023
  • Jan 6, 2009 8:48am Jan 6, 2009 8:48am
Just hit my BE point... was aimming a 40-50 pips de.... now packed 2 pips... Haha.. but at least I got the entry correct =)
  • #1,024
  • Jan 6, 2009 9:05am Jan 6, 2009 9:05am
Quoting jharteam
....don't try to pick tops and bottoms; it's aggressive and it's dangerous....
Wisdom words...
  • #1,025
  • Jan 6, 2009 9:14am Jan 6, 2009 9:14am
What does it means????? Don't really get it..
  • #1,026
  • Edited 9:34am Jan 6, 2009 9:19am | Edited 9:34am
Quoting eternalrealm
What does it means????? Don't really get it..

put it this way, what is your justification that THIS is the bottom and HAS to be the juncture to commit long? I certainly don't have one just now at the juncture you gotten yourself long. The 5-min Eur/Usd was and STILL is clearly a down trend. At least, we should wait for the price actions to break out of the Lower High, Lower Lower rythmn before consideration of a long trade. Don't worry about the SonicR, look right now, if it's going to be a long trade, she WILL still be valid for a long. No need to 'jump the gun'.

Eur/Usd now retraced to the 0.618 level already, a bit deep for retracement; any lower will endanger the prospect of the up move in question.
~*~You are only one trade away from humility~*~
  • #1,027
  • Jan 6, 2009 9:34am Jan 6, 2009 9:34am
I think i get what you referring to... That's what happen to me since this Monday. And my trade always hit my stoploss... resulting in loss..

Guess I know what to look out for starting now... PATTERN!!! Shall try to offset my losses tml....


When will I hit my break even point... and change to profit-making....
  • #1,028
  • Jan 6, 2009 9:44am Jan 6, 2009 9:44am
Quoting eternalrealm
I think i get what you referring to... That's what happen to me since this Monday. And my trade always hit my stoploss... resulting in loss..

Guess I know what to look out for starting now... PATTERN!!! Shall try to offset my losses tml....


When will I hit my break even point... and change to profit-making....

you got it bro, trading is a waiting and patient game. Nothing gung ho about it. As they always say, "In trading, when doing it right, it's very boring!" Pattern recognitions and price actions are the only few things I look for in ANY of my trades. Keep it up and be patient.
~*~You are only one trade away from humility~*~
  • #1,029
  • Jan 6, 2009 6:21pm Jan 6, 2009 6:21pm
The charts say it all...
Attached Image(s) (click to enlarge)
Click to Enlarge Name: EUR Median Lines 01072009 (i).jpg Size: 211 KB
Click to Enlarge Name: EUR SonicR 01072009 (i).jpg Size: 201 KB
~*~You are only one trade away from humility~*~
  • #1,030
  • Jan 6, 2009 6:48pm Jan 6, 2009 6:48pm
Took a long on my lower median line of the upward sloping pitchfork last night on 5-min Gbp/Usd.
Attached Image (click to enlarge)
Click to Enlarge Name: GBP SonicR 01072009 (i).jpg Size: 245 KB
~*~You are only one trade away from humility~*~
  • #1,031
  • Jan 6, 2009 6:56pm Jan 6, 2009 6:56pm
Good stuff J, I like to know a bit more about them lines, are they trendlines you draw? ANd the pitchfork stuff, any reading materials on that?

Thanks
Enter Signature
  • #1,032
  • Jan 6, 2009 7:10pm Jan 6, 2009 7:10pm
Quoting johninthai
Good stuff J, I like to know a bit more about them lines, are they trendlines you draw? ANd the pitchfork stuff, any reading materials on that?

Thanks

Hi John:

Yes, these are Andrew's pitchforks, Andrew's 50% Schiff and Modified Schiff forks; and all the lines drawn are either warning lines or sliding parallels. These are lines of vibrations that will affect the future course of price actions and how and in what manner they will resolve themselves in the future. I will send some materials to you shortly. Take care.

Have a good one
Jeff
~*~You are only one trade away from humility~*~
  • #1,033
  • Jan 6, 2009 7:22pm Jan 6, 2009 7:22pm
Ok thanks a lot J
Enter Signature
  • #1,034
  • Jan 6, 2009 7:41pm Jan 6, 2009 7:41pm
Quoting johninthai
Ok thanks a lot J
John:

check you private message on FF pls.
~*~You are only one trade away from humility~*~
  • #1,035
  • Jan 6, 2009 7:47pm Jan 6, 2009 7:47pm
Ok J, PM sent with email address

Thanks
Enter Signature
  • #1,036
  • Jan 6, 2009 10:42pm Jan 6, 2009 10:42pm
So far so good for the impulsive move....
Attached Image (click to enlarge)
Click to Enlarge Name: EUR 01072009 (i).jpg Size: 122 KB
~*~You are only one trade away from humility~*~
  • #1,037
  • Edited 11:23pm Jan 6, 2009 11:08pm | Edited 11:23pm
1. Wave Analysis..LONG
2. EMA.. LONG
3. Price Action.... LONG

4. Vol.... vol is kinda weird..the uptrend was kinda look weak..

Anyway..I have taken my profit..
Sonic
Attached Image (click to enlarge)
Click to Enlarge Name: shifull.gif Size: 33 KB
  • #1,038
  • Jan 6, 2009 11:45pm Jan 6, 2009 11:45pm
hiya sonic.

i'd like to ask why you shifted to gu recently since you usually traded ej before?

how were you able to recognize that gu would do better than ej?

many thanks.
  • #1,039
  • Jan 7, 2009 12:15am Jan 7, 2009 12:15am
Quoting jharteam
Yes, these are Andrew's pitchforks, Andrew's 50% Schiff and Modified Schiff forks; and all the lines drawn are either warning lines or sliding parallels. These are lines of vibrations that will affect the future course of price actions and how and in what manner they will resolve themselves in the future. I will send some materials to you shortly. Take care.
can u sent it to me as well ? thanks

Quoting paghandum
i'd like to ask why you shifted to gu recently since you usually traded ej before?
ahaa. been wondering the same thing also
  • #1,040
  • Jan 7, 2009 12:31am Jan 7, 2009 12:31am
.....We are approaching the Energy Point in Eur/Usd; watch the price actions closely and follow the direction...chart will be supplied later on....
~*~You are only one trade away from humility~*~
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