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Sonic R. System

  • #5,161
  • Aug 19, 2009 8:26am Aug 19, 2009 8:26am
Quoting Pipdance
Looking at a possible entry on the GY. Reasons:

3 times the big boys have pushed the PA up with one that looks like a sell off. I believe the sell off was to lower the price and catch some traders off guard and buy at a lower price.

Thanks everyone I would never have noiticed this before !!

PA has bounced off upper trend line and settled in just below the dragon

Expecting the big boys to push price up into the channel at the Frank or London open. If they do I will be ready to pull the trigger for a short once the Sonic Signal shows.

Thoughts????...
I was unable to watch this trade so I set a TP at 60 pips and left only to see I could have cleaned up on this one but it was not a loosing trade which means it was a winner.

Plan to trade : Trade the plan
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  • #5,162
  • Aug 19, 2009 8:41am Aug 19, 2009 8:41am
Quoting Pipdance
I was unable to watch this trade so I set a TP at 60 pips and left only to see I could have cleaned up on this one but it was not a loosing trade which means it was a winner.

Plan to trade : Trade the plan
Nice
http://blogs.nbcuni.com/lastcall/borat.jpg

Sonic
  • #5,163
  • Aug 19, 2009 8:55am Aug 19, 2009 8:55am
Quoting gusismith
Little trader, why didnt you enter with the first little retracement? Does it mean using the sonic, one has to wait for the wave to retrace to the upper line of the dragon? Or the does the candle bar that should close below the band be of a minimum height. If it has to be of a minimum height, i'll like to know it. In short please throw more light on your wave analysis
I usually ignore small retracement to avoid false move and beside .. if i use the small retracement as a entry, for me the waves isnt the right one .. theres no Higher Low ..

example : both top are still using the Low as the entry point. usually i use 10 pips below the Low for Short.

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P/S: just a noob view from a noob trader ..
  • #5,164
  • Aug 19, 2009 9:15am Aug 19, 2009 9:15am
Quoting traderathome
Based on the bollinger bands, PA may move a bit lower to hit the 424% level at 1.6377. It will be interesting to see if this happens, as it is already so close to it. But my trade is closed and I am going for some rest.
It did.
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  • #5,165
  • Aug 19, 2009 9:22am Aug 19, 2009 9:22am
here is my 2nd trade of the day e/u
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FxHome
  • #5,166
  • Aug 19, 2009 9:26am Aug 19, 2009 9:26am
here is USD/CADI cant stop my finger to press buy e/u and sell u/c ......
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FxHome
  • #5,167
  • Aug 19, 2009 9:41am Aug 19, 2009 9:41am
Quoting sonicdeejay
I think I am seeing vol picking up as the price goes down...
Big Boys might be loading up Longs while bringing down the price…
No late to Short..Too early to Long…
http://cloud.forexfactory.com/attach...1&d=1250670488

Sonic
I told cha..

Sonic
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  • #5,168
  • Aug 19, 2009 9:44am Aug 19, 2009 9:44am
i watch out for the HL to form and indeed. it happen 3 times if u notice it

there u go

E/u trade.
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trade safe
  • #5,169
  • Aug 19, 2009 9:50am Aug 19, 2009 9:50am
Quoting sonicdeejay
I told cha..

Sonic
Sonic, while this volume surge from the bottom has taken PA up about 140 pips, it has only taken price up from bottom of that previous volume surge about 60 pips, which is not much. PA is now bouncing around whole number of 1.6500, and on the H4 chart it is peek-a-boo at the TL. This could just as easily be a pump n' dump. Only time will tell.
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  • #5,170
  • Aug 19, 2009 10:43am Aug 19, 2009 10:43am
i m very HAPPY today dear soonikers
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FxHome
  • #5,171
  • Aug 19, 2009 11:45am Aug 19, 2009 11:45am
Heres a quick look at what we saw this morning on Bonds. We actually had a nice short setup ahead of the Sonic short. This trade is currently in progress.
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  • #5,172
  • Aug 19, 2009 11:58am Aug 19, 2009 11:58am
Quoting traderathome
Sonic, while this volume surge from the bottom has taken PA up about 140 pips, it has only taken price up from bottom of that previous volume surge about 60 pips, which is not much. PA is now bouncing around whole number of 1.6500, and on the H4 chart it is peek-a-boo at the TL. This could just as easily be a pump n' dump. Only time will tell.
Sonic, by the results you were correct. At least the last two surges in volume, when PA was bottomed and when starting up, sure must have been short covering and long buying. Now, I expect the next volume clue will be when another substantial volume surge happens....at highs, selling again? As PA went up, volume diminished.....no dump at the top yet, and apparently not enough trading interest for another move at this time. It could be consolidation time for another leg up, or down. But the H4 chart still seems bearish, doesn't it?
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  • #5,173
  • Aug 19, 2009 1:30pm Aug 19, 2009 1:30pm
Quoting Muhammad989
i m very HAPPY today dear soonikers
Muhammad ... what did you do while you were away? Go to Sonic College?

You are on fire lately ... and it looks like you are now a bona fide

Super Soniker!

Here's your official Sonic T-shirt:
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  • #5,174
  • Aug 19, 2009 2:28pm Aug 19, 2009 2:28pm
MAN I can't wait to put one of those shirts on DD
  • #5,175
  • Aug 19, 2009 2:56pm Aug 19, 2009 2:56pm
Quoting heartstart
MAN I can't wait to put one of those shirts on DD
Here you go ...
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  • #5,176
  • Aug 19, 2009 3:02pm Aug 19, 2009 3:02pm
Quoting LittleTrader
I usually ignore small retracement to avoid false move and beside .. if i use the small retracement as a entry, for me the waves isnt the right one .. theres no Higher Low ..

example : both top are still using the Low as the entry point. usually i use 10 pips below the Low for Short.



P/S: just a noob view from a noob trader ..
Excellent post, Little Trader!

I think an aggressive Soniker could enter early, but I prefer to do it your way - a bit safer approach.

All part of Basber's "Be more picky" approach that I have been using and I find very smart to use.
  • #5,177
  • Aug 19, 2009 4:04pm Aug 19, 2009 4:04pm
its my pleasure to here in u soonikers i just study and review my all positive and negative trads and try to filter my trads

Muhaamad




Quoting ddaytrader
Muhammad ... what did you do while you were away? Go to Sonic College?

You are on fire lately ... and it looks like you are now a bona fide

Super Soniker!

Here's your official Sonic T-shirt:
FxHome
  • #5,178
  • Edited 6:35pm Aug 19, 2009 5:19pm | Edited 6:35pm
This post is for Sonic to please respond to, but so can any one else. I am kind of "thinking out loud" here, and am interested in feedback....

Sometimes, when market is slow, I find myself reviewing charts. One thing I find myself doing is reviewing how things came out and how they looked at key times, based on using SMAs and EMAs. With both the Dragon and the 89ma to deal with, there are 4 combinations possible. I am showing only two here, one chart with only SMAs and the second with only EMAs. I have annotated the SMA chart, and leave it to you to compare those highlighted areas to the EMA chart.

I cannot help but think the SMA is worthwhile. For one thing, we are to focus on PA and waves, so to "force" the Dragon and the 89ma to bend more to the will of the most recent PA (exponential averaging vs equal weighted plain vanilla averaging) seems to defeat the purpose of these two items as being there for "perspective", because we are "bending" that perspective. And I think this "bending" distorts the perspective, including at important times.

Sonic, if you use the Dragon in a way that works better with EMA than with SMA, please take some time to explain that use, as it may be a fine but important point that has escaped me, and possibly others too. And please, do the same for the 89ma. The worse that can happen is that your discourse on these two items may reveal more of your trading acumen as a further lesson for us....for me anyway, which I sometimes feel I need. For all I know, I am just splitting hairs here. Maybe it doesn't make any difference what moving average method is used. Maybe PA/wave action, and S&R are so important, the rest is just decoration.

Looking for some feedback.......
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  • #5,179
  • Aug 19, 2009 6:04pm Aug 19, 2009 6:04pm
While my higher TF is still trending up nicely, this lower TF potential short move may see the Euro retrace to the 1.4175 area (prior peak) as well as meeting up with the rising 50SMA on the higher TF.
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  • #5,180
  • Aug 19, 2009 6:10pm Aug 19, 2009 6:10pm
Morning People.

TAH

I know I am probably going to get creamed for this but, I am looking for a manner to simplify working out TP.

Just came across this box fibo, which was made recently, it seems and would like to ask your opinion on this indi?

Still have to work out the start and end times so the chart is just set with the standard times.
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Attached File(s)
File Type: mq4 BoxFibo.mq4   5 KB | 520 downloads
Starting to see instead of just looking.
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