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Sonic R. System

  • #6,421
  • Sep 23, 2009 3:51am Sep 23, 2009 3:51am
Anybody looking into shorting EU?

Thx,
snu
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  • #6,422
  • Sep 23, 2009 4:58am Sep 23, 2009 4:58am
Quoting snusnufreak
Anybody looking into shorting EU?

Thx,
snu
I am short on this. But from a fresh viewpoint, I would be waiting for price to break the main pivot. The USO could see PA pumped back up....you know how they like to do that before they let it fall. A close below main pivot does not mean USO won't pump it, either. But I think I'd want at least that, or more safe.....wait to see what USO traders do with it. Right now 89 ema is below Dragon. Another pump from US traders could bring a more ideal setup later in the session, maybe with 89ema above Dragon by then, or at least the two crossing.....
  • #6,423
  • Sep 23, 2009 5:13am Sep 23, 2009 5:13am
Quoting traderathome
I am short on this. But from a fresh viewpoint, I would be waiting for price to break the main pivot. The USO could see PA pumped back up....you know how they like to do that before they let it fall. A close below main pivot does not mean USO won't pump it, either. But I think I'd want at least that, or more safe.....wait to see what USO traders do with it. Right now 89 ema is below Dragon. Another pump from US traders could bring a more ideal setup later in the session, maybe with 89ema above Dragon by then, or at least the two crossing.....
Yes, TAH I agree. Let's wait and see what US session brings to us.
  • #6,424
  • Sep 23, 2009 6:00am Sep 23, 2009 6:00am
1.4773x seem nice support...

I go for SHORT (which is C Trend)...with nice SL and wise TP...


Cheers...
Sonic
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  • #6,425
  • Sep 23, 2009 6:04am Sep 23, 2009 6:04am
Quoting sonicdeejay
1.473x seem nice support...

I go for SHORT (which is C Trend)...with nice SL and wise TP...


Cheers...
Sonic

nice setup, the rest let the maket decide
trade safe
  • #6,426
  • Sep 23, 2009 6:08am Sep 23, 2009 6:08am
one setup i miss earlier
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trade safe
  • #6,427
  • Edited 9:09am Sep 23, 2009 7:28am | Edited 9:09am
Good Morning, Sonikers!

Just a reminder that the US FOMC statement is due out around 2:15 PM EDT. This often leads to a US session that is flat, choppy, and ranging with an increase involatility after the announcement. Just something to be aware of.

-dday
  • #6,428
  • Sep 23, 2009 9:44am Sep 23, 2009 9:44am
Hi guys this is my first posting on this thread. I must say this method of trading is fantastic and straight forward. I use a 15min chart, wait for a nice long bar cutting through the 34MA channel (Dragon), then wait for a retrace back to the 34MA to enter. RR is awesome. If only there is a programmer out there who can program an alert when this setup occurs.
  • #6,429
  • Sep 23, 2009 10:58am Sep 23, 2009 10:58am
Hi Sonic and others bro..

Special registered to say thank you for this thread.
Nice sys and it helps me to review my trading aproach - less oscilators and more attention on price action. Now i have to learn to be patient waiting for signal and to sit on the hands following trend. 1-2-3 plus 3 emas and ok!
Long time tried to find the best method how to get ema right side, because ema always follow close, may be now i know

thank again,
Pucter
  • #6,430
  • Sep 23, 2009 5:06pm Sep 23, 2009 5:06pm
Quoting sonicdeejay
1.4773x seem nice support...

I go for SHORT (which is C Trend)...with nice SL and wise TP...

http://cdn.forexfactory.com/attachme...1&d=1253703597

Cheers...
Sonic
A wise TP isn't wise enough...
It almost hit my TP...but it showed a perfect bullish hammer PA..so I decide to move my SL just above the hammer close..

Sonic
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  • #6,431
  • Sep 23, 2009 7:29pm Sep 23, 2009 7:29pm
Sonic, I thought your stop was around 1.4826. How come you decide to move it when market traded towards it?
  • #6,432
  • Sep 24, 2009 12:17am Sep 24, 2009 12:17am
EU M15: We have what looks like another good setup. Last one was on GU. This one is showing similarity of key elements. There is less than 1 hour until FO and less than 2 hours until LO. We have a bit more time to wait to see if this starts to work out (reference: volume, CCI, etc.)
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  • #6,433
  • Sep 24, 2009 12:23am Sep 24, 2009 12:23am
Quoting furburr
Sonic, I thought your stop was around 1.4826. How come you decide to move it when market traded towards it?
Furburr, I think Sonic moved SL to the place he showed on the pic around 1.4756 area, so instead of making 60 pips the trade closed with about 30 when the price started to go up.

Regards,
snu.
  • #6,434
  • Sep 24, 2009 12:43am Sep 24, 2009 12:43am
Quoting traderathome
EU M15: We have what looks like another good setup. Last one was on GU. This one is showing similarity of key elements. There is less than 1 hour until FO and less than 2 hours until LO. We have a bit more time to wait to see if this starts to work out (reference: volume, CCI, etc.)
Good morning, TAH. I've been loking into the same situation, however I don't like the set-up as retraces are very big. Besides, looking at the 4H chart we are close to the supporting trendline.
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  • #6,435
  • Sep 24, 2009 12:53am Sep 24, 2009 12:53am
Quoting snusnufreak
Good morning, TAH. I've been loking into the same situation, however I don't like the set-up as retraces are very big. Besides, looking at the 4H chart we are close to the supporting trendline.
We have been waiting now quite a while for this to set up better. It has whipsawed violently during that time. And do not these really wide range whipsaws come sometime before a major move....as though the syndicate traders are pushing quick and hard to restructure positions?

Well, whatever will be, will be. Let the market decide. But just as much as the TL you have on the H4 is significant, so is the 89 ema I have on the H4.....this time it is in "magnetic attraction" mode......maybe!
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  • #6,436
  • Sep 24, 2009 12:56am Sep 24, 2009 12:56am
How does this set up on AU M15 looks?

My concern is placing of SL. It skews up the R:R. Any thoughts on this please?

AG


PS: Demo trading
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  • #6,437
  • Sep 24, 2009 1:20am Sep 24, 2009 1:20am
Quoting ag_fx
How does this set up on AU M15 looks?

My concern is placing of SL. It skews up the R:R. Any thoughts on this please?

AG


PS: Demo trading
H4 TF shows bearish divergence. And this has already had multiple legs up. Not saying it won't be pumped and that a long trade can't make money, but it seems a bit risky now. That wide whipsaw was volatility, which needs to foster some direction. I'm skeptical...nothing just keeps going up, and if you gave it time to show its true colors, you might miss out on one trade, but you'll have more confidence in the next one. And the one you miss out on, might turn out to have been a lousy trade.

Just thinking out loud. I do not trade this pair, so you are probably a better analyzer of it than I am.
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  • #6,438
  • Sep 24, 2009 1:23am Sep 24, 2009 1:23am
Hi all!
What should you do in this case, sell (red line), or buy (green)?
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Pucter
  • #6,439
  • Sep 24, 2009 1:29am Sep 24, 2009 1:29am
Quoting traderathome
H4 TF shows bearish divergence. And this has already had multiple legs up. Not saying it won't be pumped and that a long trade can't make money, but it seems a bit risky now. That wide whipsaw was volatility, which needs to foster some direction. I'm skeptical...nothing just keeps going up, and if you gave it time to show its true colors, you might miss out on one trade, but you'll have more confidence in the next one. And the one you miss out on, might turn out to have been a lousy trade.

Just thinking out loud. I do not trade this pair, so...
Nice insight. Thanks TAH
  • #6,440
  • Sep 24, 2009 1:31am Sep 24, 2009 1:31am
Quoting traderathome
EU M15: We have what looks like another good setup. Last one was on GU. This one is showing similarity of key elements. There is less than 1 hour until FO and less than 2 hours until LO. We have a bit more time to wait to see if this starts to work out (reference: volume, CCI, etc.)
FO trading has pumped the PA a bit, so picture is constantly changing.....
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