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Sonic R. System

  • #6,321
  • Sep 16, 2009 1:09am Sep 16, 2009 1:09am
Quoting Muhammad989
here is my u/j trade of the day
Nice trade, Muhammad! For some reason i looked at the market in a completely opposite way. Again...
  • #6,322
  • Sep 16, 2009 1:44am Sep 16, 2009 1:44am
Hi SONICERS,

I am thinking to take this position but i have many doubts.

  1. Tunel dragon: Stll Flat
  2. CCI: long
  3. QQE: arroung 50
  4. Wave formation: seems a good formation but i think would be a good idea wait to close above Daily Pivot.

any ideas?

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  • #6,323
  • Sep 16, 2009 5:29am Sep 16, 2009 5:29am
I know news come immediately, but looks like it might be a valid re-entry for GJ

CCI green->red
QQE below
Wave down
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Be a friend, My skype id: helloworldsh
  • #6,324
  • Sep 16, 2009 6:38am Sep 16, 2009 6:38am
EU: We may finally be seeing weakness in the EU....
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  • #6,325
  • Sep 16, 2009 6:45am Sep 16, 2009 6:45am
Quoting traderathome
EU: We may finally be seeing weakness in the EU....
same trade, my entry was abit early. tp1 alomst hit~
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trade safe
  • #6,326
  • Edited 7:28am Sep 16, 2009 7:18am | Edited 7:28am
Quoting Basber
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...
Basber, are you using a fib retracement, or a fib extension indy that is separate from the built-in tools? It looks like you are, because the three level lines you show in your screenshot seem to be disconnected from anything else a built-in study would show. Would you mind posting this/these indicator(s)? I have been looking for alternatives to the built-ins. Thank you, Basber.
  • #6,327
  • Sep 16, 2009 7:20am Sep 16, 2009 7:20am
1) WAVE, Higher LOW, Higher High
2) QQE UP 50
3) CCI green
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Be a friend, My skype id: helloworldsh
  • #6,328
  • Sep 16, 2009 7:56am Sep 16, 2009 7:56am
Quoting zz_zhang
same trade, my entry was abit early. tp1 alomst hit~
trade cls off @ BE.

jpy pair rocketed~
trade safe
  • #6,329
  • Edited 9:25am Sep 16, 2009 9:12am | Edited 9:25am
EU: Yet ANOTHER pump, geez! I believe the euro strength against the dollar has numbered days, and this is getting to be ridiculous! Anyway, chart shows how I see it now. I have added the bearish divergence indicator lines.

Edit: PA was just spiked about 20 pips above previous high on increased volume. The spike may have been a raid on short trades stops....the bigger boys grabbing them away. This is getting interesting.
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  • #6,330
  • Sep 16, 2009 9:17am Sep 16, 2009 9:17am
but looks too ranging.
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Be a friend, My skype id: helloworldsh
  • #6,331
  • Sep 16, 2009 9:56am Sep 16, 2009 9:56am
EU possible trade setup with a much longer TF view.....
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  • #6,332
  • Sep 16, 2009 10:36am Sep 16, 2009 10:36am
Quoting traderathome
EU possible trade setup with a much longer TF view.....
lately, din see SOnic post.

WHERE R U~
trade safe
  • #6,333
  • Edited 5:26pm Sep 16, 2009 3:31pm | Edited 5:26pm
hello everyone, some possible divergence as well as a break on a H&S formation for the E/J... take a look at my stripped down chart (please disregard my two losing trades which would have been pretty nice sonic trades). I was too entrenched thinking this was part of some pull back before it headed south... clearly need to revisit many rules.

http://i715.photobucket.com/albums/w...elluma/e_j.gif

UPDATE: so much for that 'theory'!
  • #6,334
  • Sep 16, 2009 5:07pm Sep 16, 2009 5:07pm
1)CCI red--->green
2) Dragon up
3)QQE up 50
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Be a friend, My skype id: helloworldsh
  • #6,335
  • Sep 16, 2009 11:05pm Sep 16, 2009 11:05pm
Good Morning, Sonikers!

I have a question regarding spread. For example I want to go long on breakout of lvl at price X, Do I put my buy stop few pips above the lvl (to account for the spread) or do I put it on the lvl and my order gets hit 2 or 3 pips earlier?

In other words: What is considered a breakout for long - when a bid price reaches the lvl or when ask price reaches the lvl?
  • #6,336
  • Sep 17, 2009 12:55am Sep 17, 2009 12:55am
EU: On the first chart, take a look at the last two H1 candles. Quite a long upper shadow and high volume on the next to last. And the current candle is engulfing bearish. If the current candle continues to progress down.....

.... then the H4 candle (second chart) becomes a nice pin bar. I have been believing for days now, that the euro strength against the dollar is nothing more than a prop-up job, and that the largest trading concerns have been pumping and pumping and pumping, for no good reason other than to convince retailers to go long while they take the opposite side of the trade. We may be near a turning point.....maybe.
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  • #6,337
  • Sep 17, 2009 1:00am Sep 17, 2009 1:00am
Quoting snusnufreak
Good Morning, Sonikers!

I have a question regarding spread. For example I want to go long on breakout of lvl at price X, Do I put my buy stop few pips above the lvl (to account for the spread) or do I put it on the lvl and my order gets hit 2 or 3 pips earlier?

In other words: What is considered a breakout for long - when a bid price reaches the lvl or when ask price reaches the lvl?
Two approaches. One, just pick a price 5-10 pips above (whatever makes you more sure the run is for real). This can be risky in event of a head fake. Two, let price run in hopes that it will stop and reverse and come back down to "test" the breakout level (resistance turning into support), and when price starts to move up again, enter either as it begins to move, or after it passes last high. Lots of choices, from most risky to least.
  • #6,338
  • Sep 17, 2009 3:32am Sep 17, 2009 3:32am
A Sonic Short Set up. First chart is a H4 chart shwing a PB.
AUDUSD is the pair. ANy views please?
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  • #6,339
  • Sep 17, 2009 4:10am Sep 17, 2009 4:10am
E/U looks short major trend is up .....any comments
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FxHome
  • #6,340
  • Sep 17, 2009 4:18am Sep 17, 2009 4:18am
1) Drgaon down
2) CCI down
3) QQE down
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Be a friend, My skype id: helloworldsh
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