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Sonic R. System

  • #6,301
  • Sep 15, 2009 4:47am Sep 15, 2009 4:47am
Quoting traderathome
EU M15: Notice the increased relative volume on PA move "over the top and down."

Edit: Another way of identifying Ep, SL, and Tps.....
TAH, how do you use that Fib extension tool?
  • #6,302
  • Sep 15, 2009 4:50am Sep 15, 2009 4:50am
Quoting snusnufreak
TAH, how do you use that Fib extension tool?
Click to grab the tool.
Bring cursor to top or bottom pinch point in bollinger band.
Click and hold until you move the cursor to opposite pinch point, then release.
With the expanded settings I added, the FE levels then appear in both directions.
  • #6,303
  • Sep 15, 2009 5:36am Sep 15, 2009 5:36am
GU M15: Boy! It just made a 100+ pip crash dive from a good Ep area! I missed it. The pound just got weaker against the euro, too. Lately, GU has certainly been the pair to trade. EU is just up/down and really not going anywhere.......yet.
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  • #6,304
  • Sep 15, 2009 5:54am Sep 15, 2009 5:54am
Quoting traderathome
GU M15: Boy! It just made a 100+ pip crash dive from a good Ep area! I missed it. The pound just got weaker against the euro, too. Lately, GU has certainly been the pair to trade. EU is just up/down and really not going anywhere.......yet.
Checkout the 1H chart, it just broke the neckline of a perfect H&S (check out divergencies), I expect retrace and then move to the 1.63xx area. any comments?

Regards,
snu.
Attached Image (click to enlarge)
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  • #6,305
  • Edited 6:33am Sep 15, 2009 6:15am | Edited 6:33am
Quoting snusnufreak
Checkout the 1H chart, it just broke the neckline of a perfect H&S (check out divergencies), I expect retrace and then move to the 1.63xx area. any comments?

Regards,
snu.
GU: Note that PA stopped at the Month PV = 1.6472, and any pullback into the 0% - 38% FE range (1.6555 - 1.6522) would be very nice entry for short trade. But sometimes the pullback only gets into the 38% - 62% area (1.6522 - 1.6501), which in this case may still be good, as I see the FE 162% down at 1.6415 and the FE 262% down at 1.6328....the 1.63xx area you refer to.

Chart 2: This will take some time to set up again for a SonicR entry. It was a not perfect SonicR setup because the second high of the wave was same as first high, and the entire PA process was like whipsawing. But you cannot argue with the results had entry been made after PA dropped passed previous low.....
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  • #6,306
  • Sep 15, 2009 6:38am Sep 15, 2009 6:38am
U/J TRADE still holdng, s/l @ BE. looks like is gonna break loose

cls out @ +40 pips. waiting for breakout for re-entry
Attached Image (click to enlarge)
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trade safe
  • #6,307
  • Sep 15, 2009 6:58am Sep 15, 2009 6:58am
EJ: A long set up. Any comments?
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  • #6,308
  • Sep 15, 2009 7:06am Sep 15, 2009 7:06am
Quoting ag_fx
EJ: A long set up. Any comments?

us news coming out, i prefer not to enter b4 the news

trade safe
  • #6,309
  • Sep 15, 2009 7:17am Sep 15, 2009 7:17am
IMO blasting new
FxHome
  • #6,310
  • Sep 15, 2009 8:00am Sep 15, 2009 8:00am
Quoting zz_zhang
U/J TRADE still holdng, s/l @ BE. looks like is gonna break loose

cls out @ +40 pips. waiting for breakout for re-entry

u/j re-entry breakout trade. 15 pips s/l

+40 pips

Attached Image (click to enlarge)
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trade safe
  • #6,311
  • Sep 15, 2009 1:55pm Sep 15, 2009 1:55pm
my e/u trade still in working....... trade with the trend
Attached Image (click to enlarge)
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FxHome
  • #6,312
  • Sep 15, 2009 4:53pm Sep 15, 2009 4:53pm
Quoting snusnufreak
Hi, Basber

I don't like the UJ trade since you are buying into the strong resistance lvl around 91.2x There is Weekly fib S3 there, daily Mr2, 50 fib retrace from the big move on friday and also there is a Monthly S2 lvl there. I would rather wait for the price to break it then make a pullback then consider it for going long.

Just my observation.

Regards,
snu.
UJ Trade : +46 Pips
U/Cad Trade : -19 Pips
Total : +27 Pips.

About Your Post ... :

1) There is Weekly fib S3 there.
I Don't Use Weekly Fib Pivots.

2) daily Mr2.
I Use Daily Pivots For TP Not Confirming EP. If I Have a Good Wave, I'm In. I Only Think More If There Is a Huge S&R Not Pivots.

3) also there is a Monthly S2 lvl there
I Don't Have Monthly S2 There. I Have Monthly S1 At 91.02 And Monthly MS1 At 92.70

After All I Should Say That General Trend Was Downward, So I Tightened My TP. Looks Like It Was a Very Good Place For Taking Profit ... Because After My TP Hit, Price Returns To It's General Trend Immediately.

Regards,
Basber
Trading methods are designed to put the odds in our favor, not predicting.
  • #6,313
  • Sep 15, 2009 5:15pm Sep 15, 2009 5:15pm
Hi Sonikers,

I suggest that when one of us posts a live trade, that unless the trader specifically and explicitly asks for comments, we all refrain from replying with a critique of the trade until such time that the the trader no longer holds his or her position. Trading is difficult enough without having to contend with reading posts from other people who are trying to second guess one's trading decisions.

After the trade, by all means, feel free to criticize (that is how we learn). But during the trade, for crying out loud, please let's maintain a decent level of respect for the person who is being generous enough to share his set ups live. I couldn't even look at this thread anymore today after I read the negative response to Basber's posted trades.

I don't mind sharing my set ups. But the last thing I want to read while I am in a trade is a list of reasons why someone else thinks the trade is a mistake.


-dday
  • #6,314
  • Edited 5:59pm Sep 15, 2009 5:38pm | Edited 5:59pm
Quoting ddaytrader
After the trade, by all means, feel free to criticize (that is how we learn). But during the trade, for crying out loud, please let's maintain a decent level of respect for the person who is being generous enough to share his set ups live. I couldn't even look at this thread anymore today after I read the negative response to Basber's posted trades.

I don't mind sharing my set ups. But the last thing I want to read while I am in a trade is a list of reasons why someone else thinks the trade is a mistake.


-dday
Hi DD,
It Doesn't Influenced Me, Because When I Click The Sell Or Buy Button, I'll Manage My Trade With My Own Opinion And As You Said I'll Will Analyze Negative Responds Later. Anyway, I Think This Attitude Will Kill The Confidence On Many Newbies. I'm Completely With You

About Saying "You Are Wrong To Take That Trade Because Of X Reasons", I Might Add That There Is No Wrong Or Right, You Can Always, Believe Me, ALWAYS Have Some Reasons To Not To Take The Trade. Every Setup Has It's Own Pros And Cons. Even When I Saw a Perfect Setup, There Was Some Reasons Like PPZs, General Trend, Divergence Or etc. To Not To Take The Trade, But The Positive Points Overcome The Negative Ones In Good Setups.

After All, I Don't Want That Anyone Take DD's Post Personally. It's For Our Own Good. I Appreciate Everyone's Comment On My Trades. Negative Or Positive. Ignoring The Point Of This Message Ruins My Account Many Times Long Time Ago. Just Don't Take It Personally, I'm Sure That DD Have The Same Idea With Me. (Are You ?! )

By The Way, Here's My Pending Order For U/J Short. If It Reaches 91.08, I'll Cancel The Order. And After 20 - 25 Pips I'll Move My SL To BE.

Regards,
Basber
Attached Image (click to enlarge)
Click to Enlarge Name: uj.gif Size: 40 KB
Trading methods are designed to put the odds in our favor, not predicting.
  • #6,315
  • Sep 15, 2009 6:06pm Sep 15, 2009 6:06pm
Quoting Basber
After All, I Don't Want That Anyone Take DD's Post Personally. It's For Our Own Good. I Appreciate Everyone's Comment On My Trades. Negative Or Positive. Ignoring The Point Of This Message Ruins My Account Many Times Long Time Ago. Just Don't Take It Personally, I'm Sure That DD Have The Same Idea With Me. (Are You ?! )
Right, Basber, I too do not want anyone to take it personally either, and there is no need to name names because yesterday it was someone else, and the day before it was yet someone different. I just don't want to see it again tomorrow. I think it is neither productive nor encouraging - and this thread is about encouraging people to produce. Who knows, maybe even I am guilty of having done it at some point, though I doubt it. If someone asks for comments, I will comment. But if someone just posts his or her trade, it is not my business to post my judgement on the trade until price either hits the trader's SL of TP1. I too welcome criticism after the trade. But during an open trade? No, thank you.
  • #6,316
  • Sep 16, 2009 12:27am Sep 16, 2009 12:27am
Good morning, Sonikers.

I know that it was me who discussed Basber's open trade yesterday. So I want to apologize for that. DD thx for bringing that up. I've taken your point. I hope I didn't offend anybody and especialy Basber with my post. I guess I should've asked about the trade in a questionly manner instead of saying what i think about it. Anyways, we have to learn to respect others and their emotions when we deal with trades, this relates to everybody.

Thank You!
snu.
  • #6,317
  • Edited 1:08am Sep 16, 2009 12:47am | Edited 1:08am
UJ looks like clear as day reverse H&S pattern is forming. Neckline sits right at the daily fib pivot. This could be a nice candidate for long if the neckline gets broken. Any thoughts?

Update: the model got broken.
Attached Image (click to enlarge)
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  • #6,318
  • Sep 16, 2009 2:37am Sep 16, 2009 2:37am
here is my u/j trade of the day
Attached Image(s) (click to enlarge)
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FxHome
  • #6,319
  • Sep 16, 2009 2:53am Sep 16, 2009 2:53am
wassup .. long time didnt post here ..

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  • #6,320
  • Sep 16, 2009 2:53am Sep 16, 2009 2:53am
Quoting Basber
By The Way, Here's My Pending Order For U/J Short. If It Reaches 91.08, I'll Cancel The Order. And After 20 - 25 Pips I'll Move My SL To BE.

Regards,
Basber
TP Hit, +50 Pips.

Regards,
Basber
Attached Image (click to enlarge)
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Trading methods are designed to put the odds in our favor, not predicting.
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