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Sonic R. System

  • #6,721
  • Oct 12, 2009 1:44am Oct 12, 2009 1:44am
Quoting sonicdeejay
Relaxing mates...

Banks holiday..today...

Sonic
Yeah, Bank holiday in Japan today so, I am watching and drinking beer.
Starting to see instead of just looking.
  • #6,722
  • Oct 12, 2009 2:31am Oct 12, 2009 2:31am
EU M15: Bankers holiday or not, there is increasing volume on current price move down. Chart is follow-on from Friday. PA may move on down towards Tp3. What we will not have is a strong US open session, I take it. But price does not need volume to move, the Asian trading session has proven that time and again. I am not suggesting a trade, but let the charts speak for themselves.....
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  • #6,723
  • Oct 12, 2009 4:03am Oct 12, 2009 4:03am
If EU is going to break out long, looks like 1,47300 is where it will break.
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Starting to see instead of just looking.
  • #6,724
  • Oct 12, 2009 4:59am Oct 12, 2009 4:59am
Looks like the 61.8 fibo is going to be the deciding factor.
TAH what do you think about the Big Guns here, doesn't look like they are pumping it yet. I was half expecting them to dump it at this area before the 61.8 fibo broke?
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Starting to see instead of just looking.
  • #6,725
  • Oct 12, 2009 5:21am Oct 12, 2009 5:21am
Hardly no volume till two thirds up this candle?
Are they now going to pump to DR1?
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Starting to see instead of just looking.
  • #6,726
  • Oct 12, 2009 5:45am Oct 12, 2009 5:45am
Ah, M5 seems to show the pumping.
Hhhmm, All the way to DR1 then dump it or dump it right between the current Resistance level and just before DR1?

The plot thickens.
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Starting to see instead of just looking.
  • #6,727
  • Oct 12, 2009 7:12am Oct 12, 2009 7:12am
Are they waiting for the NY people to wake up fully, then do this?
Wouldn't surprise me.
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Starting to see instead of just looking.
  • #6,728
  • Oct 12, 2009 3:06pm Oct 12, 2009 3:06pm
Quoting Basber
Hi Everyone,

I Must Tell That I Have a Real Tough Schedule These Days And It's Gonna Last For Few Months, Because I'm Reading For My Masters Degree And I Have Exam In About 4 Months From Now. So I Can't Post Much, But I Always Will Be Around And I'm Sure I'll Post When I See I Can Be Helpful.

The Thing Is, I Wanna Ask Rastaman, ZZ, Snu And Some Others Who I Have Forgotten Their Names Now, To Start Helping Newbie Traders To This System. I'm Sure You All Can Help On Certain Things And I'm Sure That Will Accelerate Your Learning Process. So Start...
Basber, We got ur back. All e best in ya and come back with ur degree when u next post.

best rgds
trade safe
  • #6,729
  • Oct 12, 2009 9:10pm Oct 12, 2009 9:10pm
Quoting zz_zhang
Basber, We got ur back. All e best in ya and come back with ur degree when u next post.

best rgds

Yes, indeed Z.

And depending on the subject, perhaps we would all like a copy!
Starting to see instead of just looking.
  • #6,730
  • Oct 12, 2009 9:42pm Oct 12, 2009 9:42pm
like a copy? as in a copy of his degree? lol.

here's what i am looking at.

U/chf. might be a repetition, might not if in go into ranging.

A HL formed at TL will defintely light up the path.

just my sharing. Feel Free to comment~
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trade safe
  • #6,731
  • Oct 13, 2009 12:42am Oct 13, 2009 12:42am
EU M15: Yesterday it never entered the Ep zone, and instead turned into an upside breakout. Looks like double top now they took it back up to previous highs. Looking to see if we get a move down sometime between now and US open.
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  • #6,732
  • Oct 13, 2009 12:56am Oct 13, 2009 12:56am
Quoting zz_zhang
like a copy? as in a copy of his degree? lol.

here's what i am looking at.

U/chf. might be a repetition, might not if in go into ranging.

A HL formed at TL will defintely light up the path.

just my sharing. Feel Free to comment~

Z, this is not a comment but a question.
I am just trying to get my mind ready for any possible alternative on USD/CHF and if you have the time could you comment on this possibility?

Looking at D1 TF we seem to have a mini H&S setting up and 89 ema is seriously down. I know on M15 we are trading hiccups in D1 but could this also be a possible way to look at this pair?
Moving to H4 also shows us a strong downtrend.
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Starting to see instead of just looking.
  • #6,733
  • Edited 2:18am Oct 13, 2009 1:08am | Edited 2:18am
Possible Sonic setup here on 15M JPY. Good volume pump 30min ago driving price higher into Ldn open. Could be worth watching.

Edit: Long now. This is the bit I been messing up. Sitting and letting the trade run...... Hope by putting it down here I force myself to do nothing

Edit: Out at BE.... the dilenma is whether to close trades at breakeven therefore always protecting your account but end up with alot more breakeven trades, or risk a winning trade turning into a loser by leaving it open longer... Im now choosing the former safer method.
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  • #6,734
  • Edited 1:28am Oct 13, 2009 1:16am | Edited 1:28am
Seems that trendline is broken.

My mind seems to be stuck on the Pump & Dump or Dump & Pump aspect, so I am just trying to get a handle on it by exploring it to the full of my current knowledge, which is not very much! LoL
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Starting to see instead of just looking.
  • #6,735
  • Edited 3:21am Oct 13, 2009 1:49am | Edited 3:21am
EU M15: Still watching this for possible move down....chart shows how I see it currently
Edit: PA is in a 27 pip range (1.4763 - 1.4790) with increased volume. This is apparantly an attractive trading level before next move....up or down.
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  • #6,736
  • Oct 13, 2009 3:47am Oct 13, 2009 3:47am
TAH

What do you think about the validity of this Reverse Head & Shoulders on D1?
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Starting to see instead of just looking.
  • #6,737
  • Edited 4:30am Oct 13, 2009 4:13am | Edited 4:30am
Potential setup for short, look at massive volume. TP will set if open.

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  • #6,738
  • Oct 13, 2009 5:56am Oct 13, 2009 5:56am
Quoting Vytautas
Potential setup for short, look at massive volume. TP will set if open.

Attachment
Hi fellow lithuanian

I think the setup was valid and missed the entry by a few pips.
I was also ready to short with this setup, because I thought it is
going to be Pump'n'Dump strategy, but no.. it was Pump,Dump'n'Pump'again )
EUR/USD market is not quiet 'trending' right now, therefore I am not
taking any positions in e/u for a while.
cut losses short, let profits run.
  • #6,739
  • Oct 13, 2009 7:07am Oct 13, 2009 7:07am
Hello Domas

Order deleted. I have psychology problems because expecting down (like others) and that expecting block my view to opposite move, not first time.
Attach chart how that situation could be profitable.
Price action - OK
Waves action - OK
EMA - OK, worked like support.
10 Day EMA still up
Amazing volume
CCI bounce

Everything ok, but minds, expectations and experience do their work....

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  • #6,740
  • Oct 13, 2009 7:46am Oct 13, 2009 7:46am
Quoting Vytautas
Hello Domas

Order deleted. I have psychology problems because expecting down (like others) and that expecting block my view to opposite move, not first time.
Attach chart how that situation could be profitable.
Price action - OK
Waves action - OK
EMA - OK, worked like support.
10 Day EMA still up
Amazing volume
CCI bounce
Everything ok, but minds, expectations and experience do their work....
The setup is based on the system. So there is nothing wrong with
that. Market wanted to take the other direction.
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cut losses short, let profits run.
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