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Sonic R. System

  • #3,421
  • Jul 3, 2009 3:11am Jul 3, 2009 3:11am
Quoting anderou
On what timeframe do you look out for H-L's?
yes most of us 15 MIN ......
FxHome
  • #3,422
  • Jul 3, 2009 4:56am Jul 3, 2009 4:56am
Quoting chemfly
AU looks very strong

Today I have LONG AU ,EP @ 0.7970 ; stop @ 0.7900;TP @ 0.8090



Holding now...
I Bias Down For This Pair, But I'm Not Sure, Waiting For Wave Analysis ... You See , I Think There Is A Retrace In Asia Session , And Price Retested The 0.8000. I Think The Analysis From Bullish Move That You Entered, Is Just A Correction Wave (Elliot Wave, 1-2-3-4-5-a-b-c ; I Think It's a-b-c Pattern). Anyway, I'm Not Long With This Pair ... Unless It Breaks 0.8000). By The Way It Hit's 50% Fibo Retracement ... Careful With Your Trade.
Just My Opinion

Regards,
Basber
Trading methods are designed to put the odds in our favor, not predicting.
  • #3,423
  • Jul 3, 2009 5:40am Jul 3, 2009 5:40am
Quoting Basber
I Bias Down For This Pair, But I'm Not Sure, Waiting For Wave Analysis ... You See , I Think There Is A Retrace In Asia Session , And Price Retested The 0.8000. I Think The Analysis From Bullish Move That You Entered, Is Just A Correction Wave (Elliot Wave, 1-2-3-4-5-a-b-c ; I Think It's a-b-c Pattern). Anyway, I'm Not Long With This Pair ... Unless It Breaks 0.8000). By The Way It Hit's 50% Fibo Retracement ... Careful With Your Trade.
Just My Opinion

Regards,
Basber
Hi, Basber

Isn't this like a bottom H&S? I see div on all Indi's
Besides, judging from the picture the price is above FPV already and tested it once.

Am I missing here something?
  • #3,424
  • Jul 3, 2009 5:48am Jul 3, 2009 5:48am
EU M15: PA may be moving back up now, and if it does we will have a setup for a long trade.....as price passes up thru the Open = 1.4003 area, imho. I welcome comments on this.
Attached Image (click to enlarge)
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  • #3,425
  • Jul 3, 2009 5:49am Jul 3, 2009 5:49am
Quoting snusnufreak
Hi, Basber

Isn't this like a bottom H&S? I see div on all Indi's
Besides, judging from the picture the price is above FPV already and tested it once.

Am I missing here something?
First Target (Right Shoulder) Hit, Sometimes It Didn't Go To Hit The Second Target (The Head) In Weak Trends ... Another Think Is When It Goes To Retest The Pivot, Lower High Formed ... The Previous Day's Move Was About 200 Pips Down, So I Expect A Retracement, That Why I Draw The Fibo Retracement To Predict When Price May Reverse ... Another Thing Is A PB That Formed In H4 TF ... But There Is Also A Symmetrical Triangle (I Post The Chart Before) So It May Not Go Far Down, Specially In Friday ... Let's See What Market Will Do The Next Week ...

Regards,
Basber
Attached Image (click to enlarge)
Click to Enlarge Name: au.gif Size: 26 KB
Trading methods are designed to put the odds in our favor, not predicting.
  • #3,426
  • Jul 3, 2009 5:54am Jul 3, 2009 5:54am
Quoting Basber
First Target (Right Shoulder) Hit, Sometimes It Didn't Go To Hit The Second Target (The Head) In Weak Trends ... Another Think Is When It Goes To Retest The Pivot, Lower High Formed ... The Previous Day's Move Was About 200 Pips Down, So I Expect A Retracement, That Why I Draw The Fibo Retracement To Predict When Price May Reverse ... Another Thing Is A PB That Formed In H4 TF ... But There Is Also A Symmetrical Triangle (I Post The Chart Before) So It May Not Go Far Down, Specially In Friday ... Let's See What Market Will Do The Next Week ......
Thanks for the explanation
  • #3,427
  • Jul 3, 2009 6:03am Jul 3, 2009 6:03am
Quoting traderathome
EU M15: PA may be moving back up now, and if it does we will have a setup for a long trade.....as price passes up thru the Open = 1.4003 area, imho. I welcome comments on this.
I'm Bearish With This Pair Now. General Trend In H1 Is Down, In H4, Bullish Trend Line Broke, 2 Previous Lows Had Been Passed ... In M15 Chart, As You See, It Tested The 38.2% Of Yesterday's Move ... So I'm Breaish With This Pair Now, Except It Breaks The Previous High (1.402x) ... What Do You Think ?

Regards,
Basber
Attached Image(s) (click to enlarge)
Click to Enlarge Name: eu h4.gif Size: 24 KB
Click to Enlarge Name: eu m15.gif Size: 38 KB
Trading methods are designed to put the odds in our favor, not predicting.
  • #3,428
  • Jul 3, 2009 6:03am Jul 3, 2009 6:03am
any one trad today ? if yes then post with the pic
FxHome
  • #3,429
  • Jul 3, 2009 6:06am Jul 3, 2009 6:06am
Quoting Muhammad989
any one trad today ? if yes then post with the pic
Not me..sipping nice green tea...

Sonic
  • #3,430
  • Jul 3, 2009 6:10am Jul 3, 2009 6:10am
Quoting Basber
I'm Bearish With This Pair Now. General Trend In H1 Is Down, In H4, Bullish Trend Line Broke, 2 Previous Lows Had Been Passed ... In M15 Chart, As You See, It Tested The 38.2% Of Yesterday's Move ... So I'm Breaish With This Pair Now, Except It Breaks The Previous High (1.402x) ... What Do You Think ?

Regards,
Basber
I think the recent PA forms a Bull Channel and will start moving higher, and that as price moves up and out of the tradeband and above the Open, that is a good entry. I think SL should be below 1.3980 and good first target is R1 = 1.4111. Just my current opinion.
Attached Image (click to enlarge)
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  • #3,431
  • Jul 3, 2009 6:15am Jul 3, 2009 6:15am
What are your suggestions?

Is my SL correct? Where to put TP and how to trail?

I'm still a newbie so asking all this questions....

Thank you.
Attached Image (click to enlarge)
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  • #3,432
  • Jul 3, 2009 6:17am Jul 3, 2009 6:17am
Quoting traderathome
I think the recent PA forms a Bull Channel and will start moving higher, and that as price moves up and out of the tradeband and above the Open, that is a good entry. Just my current opinion.
Waiting For Break Of The Line For Going Long. But Not In This Week

P.S. I'm Not Against You And I Always Respected Your Opinion Learnt Many Things From You ..

Regards,
Basber
Attached Image (click to enlarge)
Click to Enlarge Name: screenshot%20#%20408.gif Size: 101 KB
Trading methods are designed to put the odds in our favor, not predicting.
  • #3,433
  • Jul 3, 2009 6:20am Jul 3, 2009 6:20am
Quoting traderathome
I think the recent PA forms a Bull Channel and will start moving higher, and that as price moves up and out of the tradeband and above the Open, that is a good entry. Just my current opinion.
In FX trading, we have basically two directions..
Pro USD or against USD...

Buying EUR is similar to buying GBP...

EUR/USD and GBP/USD direction should be proportional....
It is strange and not worthly when they are out of sync...

I am staying out for now...


Sonic
  • #3,434
  • Jul 3, 2009 6:24am Jul 3, 2009 6:24am
Quoting snusnufreak
What are your suggestions?

Is my SL correct? Where to put TP and how to trail?

I'm still a newbie so asking all this questions....

Thank you.
In These Situations, I Will Wait For Retesting The Previous Support That Become Resistant To Enter ... By The Way, Today Is Friday, And I Don't Like Fridays ! Specially The NY Session ! Anyway, I Think Your SL Is In Proper Place. But I Think There Is No Correct Or Wrong SL Or TP In Forex ... It's Just Probablities ... That's Why Nothing Is More Important Than Experience In This Business ... If There Was A Correct Thing, Then Everyone Learnt It And Would Have Been Make Tons Of Money ...
Just My 2 Cents

Regards,
Basber
Trading methods are designed to put the odds in our favor, not predicting.
  • #3,435
  • Jul 3, 2009 6:28am Jul 3, 2009 6:28am
Look How MR1 In Usd/Cad Works Well ... I Will Start Looking For Some Shorts The Next Week

Regards,
Basber
Attached Image (click to enlarge)
Click to Enlarge Name: usdcad h4.gif Size: 21 KB
Trading methods are designed to put the odds in our favor, not predicting.
  • #3,436
  • Jul 3, 2009 6:28am Jul 3, 2009 6:28am
Quoting Basber
In These Situations, I Will Wait For Retesting The Previous Support That Become Resistant To Enter ... By The Way, Today Is Friday, And I Don't Like Fridays ! Specially The NY Session ! Anyway, I Think Your SL Is In Proper Place. But I Think There Is No Correct Or Wrong SL Or TP In Forex ... It's Just Probablities ... That's Why Nothing Is More Important Than Experience In This Business ... If There Was A Correct Thing, Then Everyone Learnt It And Would Have Been Make Tons Of Money ...
Just My 2 Cents

Regards,
Basber
Once again, many thanks to you, Basber.
Gotta learn a lot. But I'm ready for this!
  • #3,437
  • Jul 3, 2009 6:29am Jul 3, 2009 6:29am
Hi, with this system do you guys ever trade against the 4 hour or 1 hour charts direction? or should we always be with the bigger trend? I went long today ej gu and eu. luckily it was small positions as I was not sure. I have once more learnt that if you are not sure stay out!! What guidelines or checklist do you guys follow before entering a trade. like 1with bigger trend? 2check wave analysis, 3check qqe cci and stoch, 4 check for res or support levels, 4check pivot points.. And if all those agree we enter? I think we should each have such a checklist? What do you guys think and please share your "checklists"
Thank you j16!
  • #3,438
  • Jul 3, 2009 6:35am Jul 3, 2009 6:35am
Quoting sonicdeejay
In FX trading, we have basically two directions..
Pro USD or against USD...

Buying EUR is similar to buying GBP...

EUR/USD and GBP/USD direction should be proportional....
It is strange and not worthly when they are out of sync...

I am staying out for now...


Sonic
Like You Said I Don't Trust E/U And G/U In These Situations. But I Like To Look At Eur/Gbp Chart ... Sometimes In These Situations (Not Today, Because Of Friday ... ) I Had Find Nice Entries And Profitable Patterns In This Pair.

Regards,
Basber
Trading methods are designed to put the odds in our favor, not predicting.
  • #3,439
  • Jul 3, 2009 6:38am Jul 3, 2009 6:38am
This is how I see it.
Attached Image (click to enlarge)
Click to Enlarge Name: screenshot # 409.gif Size: 31 KB
  • #3,440
  • Jul 3, 2009 6:41am Jul 3, 2009 6:41am
Quoting anderou
Hi, with this system do you guys ever trade against the 4 hour or 1 hour charts direction? or should we always be with the bigger trend? I went long today ej gu and eu. luckily it was small positions as I was not sure. I have once more learnt that if you are not sure stay out!! What guidelines or checklist do you guys follow before entering a trade. like 1with bigger trend? 2check wave analysis, 3check qqe cci and stoch, 4 check for res or support levels, 4check pivot points.. And if all those agree we enter? I think we should each have such a checklist?...
I Think If You Want To Check Them All , Then It's A "Perfect Setup" And It Wouldn't Happen Alot. Some Traders Are Looking For Just These Setups, But I'm Not That Conservative ... I Usually Check Higher TF For A General View, I Work With S&R And PPZ And Price Action And Trendlines Alot ... These Are My 4 Checklists For Higher TFs. Beside It, I Use Fibo, Patterns And etc. To Find Better Entries. Then I Will Triger The Trade In M15 Chart With SonicR System. That Means I First Check The Higher TFs. Moslty Daily And H4.
Hope It Helps

Regards,
Basber
Trading methods are designed to put the odds in our favor, not predicting.
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