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Sonic R. System

  • #5,381
  • Edited 10:10pm Aug 23, 2009 9:59pm | Edited 10:10pm
GU M15: PA failed at the Weekly main pivot. If it drops down thru the Daily main pivot we may have a setup for a short trade.....
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  • #5,382
  • Aug 23, 2009 10:04pm Aug 23, 2009 10:04pm
Quoting traderathome
I have removed and reposted those two indys in the original post (no name change). Please download and replace with what you have, and let me know if that problem is fixed.

Yes, the problem seems to be fixed, Thanks T.
Starting to see instead of just looking.
  • #5,383
  • Edited 11:11pm Aug 23, 2009 10:24pm | Edited 11:11pm
GU M15: Here is a plain vanilla B & W outlook on possible trade if it sets up.....
Edit: Still waiting for a break down, but it could be that nothing definate, one way or the other, is going to happen at least until just before FO (second chart).
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  • #5,384
  • Aug 23, 2009 10:46pm Aug 23, 2009 10:46pm
UJ M15: Iceberg order? See the several red candles and blue candle with practically the same tops? Could be large seller getting orders filled every time price got to that high. Sure, Pa is about 20 pips higher, but look at the run up on Friday. Could be a big retrace is upcoming and somebody is short trading on that premise. Pure speculation during these slow hours.
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  • #5,385
  • Aug 24, 2009 1:01am Aug 24, 2009 1:01am
GU: Two perspectives on setting targets....first chart uses previous price areas of confluence, and the second chart uses FEs off of std. bollinger band pinch. Will be interesting to see how this comes out.
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  • #5,386
  • Edited 2:11am Aug 24, 2009 1:12am | Edited 2:11am
Quoting traderathome
GU: Two perspectives on setting targets....first chart uses previous price areas of confluence, and the second chart uses FEs off of std. bollinger band pinch. Will be interesting to see how this comes out.
GU M15: First target on this one is reached.
Edit: First target on this other one is reached (second chart).
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  • #5,387
  • Edited 2:09am Aug 24, 2009 1:29am | Edited 2:09am
The Monthly and Weekly pivot indys are showing some really bad numbers. I will look into this, but I thought you should be aware.
Edit: I have fixed the Monthly and Weekly indys, and have added the same fix to the DailyTz indys (even though these did not exhibit the problem). I will re-post the entire series within the next day.
  • #5,388
  • Edited 4:38am Aug 24, 2009 4:34am | Edited 4:38am
Good Morning Sonikers,

Looks like EJ giving mixed signals: 135.3x and 135.8x marking off EP's and SL's for bull or bear. The short looks like a nice little SH1 channel swim. The long side looks to be looking at stiff resistance just above EP, which, if broken, could lead to an explosive rally to the TPS.

I have no feling one way or the other toward either. In general, the lack of volatility has me a bit wary of taking either.
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  • #5,389
  • Aug 24, 2009 5:09am Aug 24, 2009 5:09am
Hello Sonicars,

This is my bid to understand and trade this system.

Attached is a EJ M15 chart with buy and sell stops.

I would request the seasoned traders to give feedback if any.

Thanks
AG

http://img39.imageshack.us/img39/6215/ejm15.gif
  • #5,390
  • Aug 24, 2009 5:31am Aug 24, 2009 5:31am
Quoting ag_fx
Hello Sonicars,

This is my bid to understand and trade this system.

Attached is a EJ M15 chart with buy and sell stops.

I would request the seasoned traders to give feedback if any.

Thanks
AG
It's a Good Entry, But I Rather To Stay Aside When Market Is Ranging Like This.
A Disadvantage Of Taking That Buy Entry Is That It's Above Daily Fibonacci Pivot R2, And Price Rarely Reaches R3 And Above. So With About 80 Pips StopLoss, I Don't Think There Will Be a Good R:R Ratio.
But I'm Bullish With This Pair. Waiting For SonicR Entry To Enter. But I Will Play Carefully Today.

Regards,
Basber
Trading methods are designed to put the odds in our favor, not predicting.
  • #5,391
  • Aug 24, 2009 5:38am Aug 24, 2009 5:38am
Quoting Basber
It's a Good Entry, But I Rather To Stay Aside When Market Is Ranging Like This.
A Disadvantage Of Taking That Buy Entry Is That It's Above Daily Fibonacci Pivot R2, And Price Rarely Reaches R3 And Above. So With About 80 Pips StopLoss, I Don't Think There Will Be a Good R:R Ratio.
But I'm Bullish With This Pair. Waiting For SonicR Entry To Enter. But I Will Play Carefully Today.

Regards,
Basber
Thanks Basber.

So if I understand it correctly, you will wait for more PA to take an entry on this pair and your bias is Bullish because of higher TF suggesting so. May be a possible set up where we get an entry below or much below the Pivot R2 would be more appreciated. Am i correct?

Thanks

AG
  • #5,392
  • Aug 24, 2009 6:43am Aug 24, 2009 6:43am
Quoting ag_fx
Thanks Basber.

So if I understand it correctly, you will wait for more PA to take an entry on this pair and your bias is Bullish because of higher TF suggesting so. May be a possible set up where we get an entry below or much below the Pivot R2 would be more appreciated. Am i correct?

Thanks

AG
In My Opinion, You Are

Regards,
Basber
Trading methods are designed to put the odds in our favor, not predicting.
  • #5,393
  • Aug 24, 2009 7:06am Aug 24, 2009 7:06am
So as of now, the parallel bands are turning bearish.

The wave analysis seems Ok.

QQE and CCI turned bearish.

Good case to keep short order In?

AG

http://img5.imageshack.us/img5/6215/ejm15.gif
  • #5,394
  • Aug 24, 2009 7:07am Aug 24, 2009 7:07am
Rest Is Up To Market ... Let's See What Will Happen

Regards,
Basber
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Trading methods are designed to put the odds in our favor, not predicting.
  • #5,395
  • Aug 24, 2009 7:16am Aug 24, 2009 7:16am
Quoting ag_fx
So as of now, the parallel bands are turning bearish.

The wave analysis seems Ok.

QQE and CCI turned bearish.

Good case to keep short order In?

AG
It Could Be a Good One. In Higher TFs, Price Hits Monthly MR1 And Rejected, So It Could Be a Down. Your Sell Entry Is Fine And In a Good Place I Think. But Like I Said, It's Still Ranging Market To Me. But It's a Good One Overall.

Personally I Will Look For This Setup (Second Picture)

Regards,
Basber
Attached Image(s) (click to enlarge)
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Trading methods are designed to put the odds in our favor, not predicting.
  • #5,396
  • Aug 24, 2009 7:20am Aug 24, 2009 7:20am
Quoting Basber
It Could Be a Good One. In Higher TFs, Price Hits Monthly MR1 And Rejected, So It Could Be a Down. Your Sell Entry Is Fine And In a Good Place I Think. But Like I Said, It's Still Ranging Market To Me. But It's a Good One Overall.

Personally I Will Look For This Setup (Second Picture)

Regards,
Basber
Ok Thanks....What you projected, I cant look into it. As in I am not too sure what will happen. But thanks for the charts. As of now I am sitting in with the Short order with US open due in anoder 10 odd minutes.

And yea, I forgot to mention before, I am on Demo.

But what I can see as i write this down are hammers on M15 TF. Lets see.

Thnks again Basber.
  • #5,397
  • Aug 24, 2009 7:26am Aug 24, 2009 7:26am
Quoting Basber
Rest Is Up To Market ... Let's See What Will Happen

Regards,
Basber
Your entry seems to be around 1.0775 with target at 1.0735, a tarde of 40 pips. But your SL must be around 1.0825 a Sl of 50 pips. R:R less than 1:1. Is it fine to do so?

AG
  • #5,398
  • Aug 24, 2009 7:43am Aug 24, 2009 7:43am
Quoting ag_fx
Your entry seems to be around 1.0775 with target at 1.0735, a tarde of 40 pips. But your SL must be around 1.0825 a Sl of 50 pips. R:R less than 1:1. Is it fine to do so?

AG
I Entered When It Retraced a Little Bit After Hitting The Entry At 1.0782, My Stop Loss Is 1.0821. My TP Is 1.0735.
SL = -39 Pips
TP = +47 Pips
Even If It Was 1:1 Or a Little Less , I Don't Care. It's Better To Have a Higher Reward/Risk Ratio, But R:R Ratio Is Not All. Win Rate Is Important As R:R. I Had a Post In This Thread About This Subject, I'm Sure It Will Help You About R:R Ratio And Win Rate.

Regards,
Basber
Trading methods are designed to put the odds in our favor, not predicting.
  • #5,399
  • Aug 24, 2009 7:48am Aug 24, 2009 7:48am
Quoting Basber
Rest Is Up To Market ... Let's See What Will Happen

Regards,
Basber
Same trade as you Basber.

I long in GU 1.6520
  • #5,400
  • Aug 24, 2009 7:51am Aug 24, 2009 7:51am
tps gonna hit and secong i m looking g/u in buy position ...
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