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Sonic R. System

  • #6,821
  • Oct 20, 2009 4:57am Oct 20, 2009 4:57am
As far as I can see, I believe EUR/USD short setup is forming..

Sonic
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  • #6,822
  • Oct 20, 2009 6:03am Oct 20, 2009 6:03am
Quoting sonicdeejay
As far as I can see, I believe EUR/USD short setup is forming..

Sonic
I gotta agree with you......., but still wondering if US open traders will drag the process out by ramming it up first.
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  • #6,823
  • Oct 20, 2009 6:08am Oct 20, 2009 6:08am
Quoting traderathome
I gotta agree with you......., but still wondering if US open traders will drag the process out by ramming it up first.
I will be glad,,if we have Big vol coming in...
We have a run up to 1.499 in Asia session...normally a fake one...
So,, I am bearish with 1.5xx level as resistance for any further advancement..


Sonic
  • #6,824
  • Oct 20, 2009 6:21am Oct 20, 2009 6:21am
A lot of the currency pairs seem to be topping out on their indicators.
Gold looks like it wants some news to push up further and keep going.
I am waiting for a pull back and resume after earnings reports.
  • #6,825
  • Oct 20, 2009 7:58am Oct 20, 2009 7:58am
Big Vol spotted..
Let the swinging begins...

Sonic
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  • #6,826
  • Edited 8:16am Oct 20, 2009 8:01am | Edited 8:16am
Quoting traderathome
Sonikers, both Rastaman and Domas4 are students taking examinations. I say let's add them to our prayer list....that God will bring to them bountiful fruit for their labors!

Thanks for the Zen Koan T.

Not so sure I have any faith in god, especially when it is my money, and not his on the table.

And good luck to Domas, hopefully he can teach me a thing or two.


SO much for my Short sentiment on GU, but this may change later as it it going up with very little volume and they are testing the waters when volume comes in.
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Starting to see instead of just looking.
  • #6,827
  • Oct 20, 2009 9:19am Oct 20, 2009 9:19am
Quoting Rastaman


SO much for my Short sentiment on GU, but this may change later as it it going up with very little volume and they are testing the waters when volume comes in.
Easy on that tiger...

We shall wait for proper set up in GU for short..

BTW..my EU short triggered..

http://www.forexfactory.com/attachme...3&d=1256032621

Sonic

(P.S the two charts is slightly diff in appearance as pic1 is from my room pc and pic 2 is from my living room pc.I can no longer use my room's pc for tonight as my baby girl has already fallen asleep.. )
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  • #6,828
  • Oct 20, 2009 9:28am Oct 20, 2009 9:28am
Yes Sonic, I am just watching the GU unfold.

I am wondering what kept you Short on the EU?
Was it the testing & retesting of the 89 ema?

Also, I am wondering if you read the Wall Street journal to your baby girl to put her to sleep? LoL

Glad to hear she is the light of your life. Good For you.

Sonic's Baby.

http://t3.gstatic.com/images?q=tbn:E...by-300x243.jpg
Starting to see instead of just looking.
  • #6,829
  • Oct 20, 2009 9:36am Oct 20, 2009 9:36am
Quoting Rastaman
Yes Sonic, I am just watching the GU unfold.

I am wondering what kept you Short on the EU?
Was it the testing & retesting of the 89 ema?

Also, I am wondering if you read the Wall Street journal to your baby girl to put her to sleep? LoL

Glad to hear she is the light of your life. Good For you.
I just followed simple rules in EU position...

Lower High, Lower Low,
Below Sonic Dragon...

With proper SL and TP...
That about it..the rest let the mkt decides...

My daughter like to read..as for now.. we have picture books for her...

http://i38.tinypic.com/k54t55.jpg




As for me I am reading "Tools and Tactics for thr Master Day Trader" ...
Thick book Nice stuffs...

Sonic
  • #6,830
  • Oct 20, 2009 9:43am Oct 20, 2009 9:43am
I think you may be in for a nice run on EU with this large, Bullish Outside bar forming on H4.

What a cuttie...No wonder you are the busy dad and without doubt she is the apple of your eye.
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Starting to see instead of just looking.
  • #6,831
  • Oct 20, 2009 9:47am Oct 20, 2009 9:47am
Quoting Rastaman
I think you may be in for a nice run on EU with this large, Bearish Outside bar forming on H4.

What a cuttie...No wonder you are the busy dad and without doubt she is the apple of your eye.
I guess u mean BEOB.. Bearish outside bar in H4...
As we can see clearly in H4, 1.485x level can be a nice support if price fall...
I will be already TP2 by then...

Sonic
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  • #6,832
  • Oct 20, 2009 10:23am Oct 20, 2009 10:23am
Hope you guys didn't miss the USD/JPY trade,
I took it, but didn't have the ability to post it before it triggered.

P.S. Nice baby girl Sonic.
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cut losses short, let profits run.
  • #6,833
  • Oct 20, 2009 10:28am Oct 20, 2009 10:28am
TP1 hit @ 1.4927... SL @ BE...

That about it...Nite everyone..

Sonic


http://cdn.forexfactory.com/attachme...3&d=1256032621
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  • #6,834
  • Edited 10:50am Oct 20, 2009 10:29am | Edited 10:50am
Interesting stuff...

Go check it out..if you have spare time..
http://www.forexfactory.com/showthread.php?t=159644


Sonic
(P.S do not ask me or confuse by it..found it when I was just browsing... )
  • #6,835
  • Oct 20, 2009 10:37am Oct 20, 2009 10:37am
Nice one sonic.

I think even I will pass on the candles indicator. Makes the mind boggle just looking at it.
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Starting to see instead of just looking.
  • #6,836
  • Oct 20, 2009 12:21pm Oct 20, 2009 12:21pm
Quoting Rastaman
One quick question if you have the time?

You wrote.
-----------------------------------------------------------------------------------
It Say's Wait For Setup In M15 When a Hammer Or Any Other CandleStick Is Forming On M15.
-----------------------------------------------------------------------------------

I was under the impression that M15 candle patterns are not very reliable and therefore SonicR is using H1, H4 & D1 candle patterns to determine a possible reversal?

Is this not the case?
Hi RM,

You're Quite Welcome

M15 Candles Are Reliable, That's Why Some Traders, Like DD, When Trading Only M15 TF, Are Successful. But I Like To Have a Look At Higher TFs Too.

I'm Not Going To Answer Your Question, Because I Want You To Find It Out Yourself. It's Much More Easier For Me To Answer Or At Least Tell You My Opinion On This, And It Will Be Easier For You Too. But It Wouldn't Be Effective Unless You Work On This Particular Subject Yourself. So I Want You To Do These Steps And Then Tell Me The Result. I Myself Was Working On This Stuff For 3 Months. It May Take Some Time, But I'm Quite Sure It'll Worth It. So The Steps ... :

1) Open a H4 Chart, From Any Pair, For Example E/U. Then Zoom It So You Can Clearly Analyze The Candles If You Print The Page. You Can Analyze Month To Month. After You Print The Chart, Note All The CandleStick Formations On H4 TF, Specially PinBars (Hanging Man, Etc.). The Look At The Time. For Example You Realized That 12:00 GMT To 16:00 GMT H4 Candle Is an PinBar. Mark All Of Them With The Time Of That Candle And The Date. Remember, You Should Mark All Of Them, The Ones That Worked And The Ones That Failed. Rate Them On The Appearance Of The Candle.

2) Now Print H1 TF For That Month, Seek For The Time That H4 Candle That You Analyzed a Candle As a PB Or Any Other CandleStick Formation. Now Look At What Happened In H1 Chart. Take Notes In EVERY STEP, EVERY CANDLE.

3) After Analyzing H4 And H1, Go On M15 TF On Your PC. Then Go To Mentioned Time And Date, For Example 12:00 GMT To 16:00 GMT 10 Oct 2009. Now Put a Piece Of Paper On Your Screen So Price Will Be Hidden From 12:00 GMT 10 Oct 2009. Now Slowly Move Your Paper To The Right, And Analyze It Like a Live Trade. The Thing Is That You Can Also Do It With a Simulator On M15, But It'll Take Time, But The Thing Is It Gives You Better Understanding Of What Is Happening.


Remember To Take Notes In EVERY STEP, EVERY H4 CANDLE. For Example :

12:00 GMT To 16:00 GMT ---> a Bullish PB
It Looks Like an A- (Or You Can Rate It From 100, For Example It's a 80 PB For Me!) Candle, With a Good Place, It Hits a Strong Resistance And Bounced Up.
It Worked And Make a Move In Desired Bias For 150 Pips, Then Retraced And Bla Bla Bla.
On H1 TF There Is Nothing Important Happened, Just One Indicator Is In Overbought (If You Use Any) And There Is a Divergence Happening, But Nothing Special About The Formation Of The Candle.
On M15 TF, There Was No Long Setup. (Or There Was a B+ Setup Or Anything Else)

I Hope I Was Clear.

Wish You The Best.

Regards,
Basber
Trading methods are designed to put the odds in our favor, not predicting.
  • #6,837
  • Oct 20, 2009 12:25pm Oct 20, 2009 12:25pm
Quoting lmarti21
Basber,

Sorry for the late response but i was away.

I am certainly am going to miss you but all the best in your studies and exam.

Regards
Lmarti
Thank You For Your Nice Words Lmarti I'll Be Around, But Not As Much As Before.

Regards,
Basber
Trading methods are designed to put the odds in our favor, not predicting.
  • #6,838
  • Oct 20, 2009 2:51pm Oct 20, 2009 2:51pm
It's Useful And Could Guide You To What's Good To Read, If You're Willing To ... You Can Read Them Beside Working On Your Strategy.

Title : 10 Essential Books For Active Traders

Regards,
Basber
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Trading methods are designed to put the odds in our favor, not predicting.
  • #6,839
  • Oct 20, 2009 7:29pm Oct 20, 2009 7:29pm
Quoting sonicdeejay
Easy on that tiger...

We shall wait for proper set up in GU for short..

BTW..my EU short triggered..

http://www.forexfactory.com/attachme...3&d=1256032621

Sonic

(P.S the two charts is slightly diff in appearance as pic1 is from my room pc and pic 2 is from my living room pc.I can no longer use my room's pc for tonight as my baby girl has already fallen asleep.. )

Still hold my short with SL @ BE and TP1 already hit..


Have a nice day ahead guys...
Sonic
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  • #6,840
  • Edited 10:25pm Oct 20, 2009 9:24pm | Edited 10:25pm
Quoting Domas4
Hope you guys didn't miss the USD/JPY trade,
I took it, but didn't have the ability to post it before it triggered.

P.S. Nice baby girl Sonic.
Nice trade, Domas4. Your Tp1 was reached. Say, consider changing your separator labels setting to "Detailed" so I can see what GMT offset your time zone shift is set for.
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