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Sonic R. System

  • #2,161
  • Mar 10, 2009 12:27am Mar 10, 2009 12:27am
Hi,

76% is important as it determine the retracement is completed or doing a follow thru with candlestick pattern to support it. Normally, price like to test it a few time thus it failed to break it and we will be seeing her to make a u-turn. As for 200EMA, i use it to determine the trend, normally, i will have more confident to enter a trade if current price is below 200EMA & vice versa. I am it on M15 chart only. I used daily chart for all my trendline & major PA. Hope i have cleared your doubt.

p/s: Not sure if others bro here uses 76% but 76% is always very useful for me.
May the pips be with me !!!
  • #2,162
  • Mar 10, 2009 12:36am Mar 10, 2009 12:36am
Although we have a double top on EJ followed by a bearish engulfing candle should push price much lower but i think price will try again to break today's high to push it out of the closing wedge on the daily chart. We can look for a buy day if EJ closed above ytd high. Just my view. Comments are welcome
Attached Image(s) (click to enlarge)
Click to Enlarge Name: 1ej.jpg Size: 178 KB
Click to Enlarge Name: ej.jpg Size: 144 KB
May the pips be with me !!!
  • #2,163
  • Mar 10, 2009 1:21am Mar 10, 2009 1:21am
whooooo...this news actually move the yen so much....must watch out in future.

2:08pm JPY
Prelim Machine Tool Orders y/y
http://www.forexfactory.com/images/m...tail_alert.gif -83.9%
-84.1%http://www.forexfactory.com/images/m...us_revised.gif
May the pips be with me !!!
  • #2,164
  • Mar 10, 2009 2:01am Mar 10, 2009 2:01am
Quoting ahlude
Hi,

76% is important as it determine the retracement is completed or doing a follow thru with candlestick pattern to support it. Normally, price like to test it a few time thus it failed to break it and we will be seeing her to make a u-turn. As for 200EMA, i use it to determine the trend, normally, i will have more confident to enter a trade if current price is below 200EMA & vice versa. I am it on M15 chart only. I used daily chart for all my trendline & major PA. Hope i have cleared your doubt.

p/s: Not sure if others bro here uses 76% but...
Understood, so H1 is just use to determine the trend, where as M15 is for entry. And you mention about wait the candle close, I presume is using M15 time frame. But if wait for the candle close, it happen that the candle break the price we want to enter and close far from it, do you still enter?
  • #2,165
  • Mar 10, 2009 2:06am Mar 10, 2009 2:06am
Quoting lingluvbos
Understood, so H1 is just use to determine the trend, where as M15 is for entry. And you mention about wait the candle close, I presume is using M15 time frame. But if wait for the candle close, it happen that the candle break the price we want to enter and close far from it, do you still enter?

Hi,

Normally, i set the price i want and leave it. I'll not chase the market, i let the price come to me
May the pips be with me !!!
  • #2,166
  • Mar 10, 2009 2:20am Mar 10, 2009 2:20am
Quoting ahlude
Hi,

Normally, i set the price i want and leave it. I'll not chase the market, i let the price come to me

Ok, thanks bro
  • #2,167
  • Mar 10, 2009 2:31am Mar 10, 2009 2:31am
Quoting lingluvbos
Ok, thanks bro
NP. Just post ur trade here if you think you have doubt with it. We'll try our best to answer your question
May the pips be with me !!!
  • #2,168
  • Mar 10, 2009 7:40am Mar 10, 2009 7:40am
Long at 1.2707. Took half off at 1.2800
Moved SL up to 1.2733. Going to ride it out; $1.2900 next resistance.
Attached Image (click to enlarge)
Click to Enlarge Name: eurusd.jpg Size: 159 KB
  • #2,169
  • Mar 10, 2009 9:23am Mar 10, 2009 9:23am
Quoting ahlude
NP. Just post ur trade here if you think you have doubt with it. We'll try our best to answer your question
Hi bro

I saw your chart got the timer to show the time left before the next bar end...Can I know where or what is the name for that
  • #2,170
  • Mar 10, 2009 10:33am Mar 10, 2009 10:33am
Quoting lingluvbos
Hi bro

I saw your chart got the timer to show the time left before the next bar end...Can I know where or what is the name for that

Candle Timer attached.
Attached File(s)
File Type: ex4 THV CandleClock.ex4   5 KB | 457 downloads
  • #2,171
  • Mar 10, 2009 12:41pm Mar 10, 2009 12:41pm
Quoting nickj
Candle Timer attached.

Thanks bro
  • #2,172
  • Mar 10, 2009 4:54pm Mar 10, 2009 4:54pm
Quoting nickj
Long at 1.2707. Took half off at 1.2800
Moved SL up to 1.2733. Going to ride it out; $1.2900 next resistance.
nickj,

What the indicator that show on your top left chart that with multi-time frame??
  • #2,173
  • Mar 10, 2009 5:33pm Mar 10, 2009 5:33pm
Quote
What the indicator that show on your top left chart that with multi-time frame??

Signal Bars V7.1 attached.

It doesn't work too well on 5 decimal place prices like Alpari do.

Does anyone have a more up to date version?
Attached File(s)
File Type: ex4 #Signal_Bars_v71.ex4   46 KB | 469 downloads
My brain hurts!
  • #2,174
  • Mar 10, 2009 8:30pm Mar 10, 2009 8:30pm
EJ may be forming a H & S. Early yet, but pattern nice so far....
Attached Image (click to enlarge)
Click to Enlarge Name: screenshot # 50.gif Size: 58 KB
  • #2,175
  • Mar 10, 2009 8:45pm Mar 10, 2009 8:45pm
Quoting traderathome
EJ may be forming a H & S. Early yet, but pattern nice so far....
It will be a very nice down trend if she is to break ytd's low
May the pips be with me !!!
  • #2,176
  • Mar 10, 2009 9:32pm Mar 10, 2009 9:32pm
Quoting cmdr-powell
Signal Bars V7.1 attached.

It doesn't work too well on 5 decimal place prices like Alpari do.

Does anyone have a more up to date version?
That's the same one I have.

Note that you can change the time frames - I think the default starts with the M1. I like to look at longer term trends so I set mine from M15 to W1.
  • #2,177
  • Mar 11, 2009 12:02am Mar 11, 2009 12:02am
Quoting traderathome
Yep. Looks like a really bad call. It happens. If it turns, not so bad, as then it surely would proceed lower. But at this point, the way it now looks, quite a bit more upside is possible while remaining in a trend.

The asian session has its moments of starting off driving the PA in one direction, just to posture for position building when they and the euro traders slam it into reverse.

So, will it continue up thru the session, or is it manipulation for position building at the top before it gets slammed?

We call them like we see them at...
In this particular case, I shorted at intervals on the pullback up. Trade is now closed.
Attached Image (click to enlarge)
Click to Enlarge Name: screenshot # 36.gif Size: 53 KB
  • #2,178
  • Mar 11, 2009 12:32am Mar 11, 2009 12:32am
Might be a setup coming soon for EJ on the retracement. Price is currently at 38% fibo on the last swing.
Attached Image (click to enlarge)
Click to Enlarge Name: ej.jpg Size: 168 KB
May the pips be with me !!!
  • #2,179
  • Mar 11, 2009 1:30am Mar 11, 2009 1:30am
Quoting ahlude
Might be a setup coming soon for EJ on the retracement. Price is currently at 38% fibo on the last swing.
Shorted EJ @ 0605hrs GMT based on the pull back from 38% with an IB formed. QQE < 0, CCI < 0 & stealth = red. Entry price is 124.58, TP looking at 124.00 & SL is at 124.92.

I am monitoring it closely as euro news is coming up in 30min time.
Attached Image (click to enlarge)
Click to Enlarge Name: ej1.jpg Size: 172 KB
May the pips be with me !!!
  • #2,180
  • Mar 11, 2009 1:45am Mar 11, 2009 1:45am
Quoting ahlude
Shorted EJ @ 0605hrs GMT based on the pull back from 38% with an IB formed. QQE < 0, CCI < 0 & stealth = red. Entry price is 124.58, TP looking at 124.00 & SL is at 124.92.

I am monitoring it closely as euro news is coming up in 30min time.
Closed trade at BE as news coming soon in 15min
May the pips be with me !!!
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