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Sonic R. System

  • #6,901
  • Oct 22, 2009 4:54am Oct 22, 2009 4:54am
Quoting ddaytrader
TP1 hit +65
TP2 hit +110
http://cdn.forexfactory.com/attachme...1&d=1256148051
superb trade ..

Sonic
  • #6,902
  • Edited 5:29am Oct 22, 2009 5:19am | Edited 5:29am
Right, USD/JPY

This trade was done after the Sydney's open.
The PA crossed my entry point and headed north.
Was it because the H4 was in an uptrend? Or was it, because
'unpopular' trading hours? Both maybe?
Should I count it as my business expense or as my own fault?
I guess it's because I went against H4 trend.

EDIT: Oh okay, the PA touched the trendline and bounced.
Just like yesterday with E/U
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cut losses short, let profits run.
  • #6,903
  • Oct 22, 2009 5:26am Oct 22, 2009 5:26am
Quoting Domas4
Right, USD/JPY

This trade was done after the Sydney's open.
The PA crossed my entry point and headed north.
Was it because the H4 was in an uptrend? Or was it, because
'unpopular' trading hours? Both maybe?
Should I count it as my business expense or as my own fault?
I guess it's because I went against H4 trend.
correct, hope u can see my chart.

i am eyeing the PA when it reaches the TL

u/j

rgds
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trade safe
  • #6,904
  • Edited 6:11am Oct 22, 2009 5:49am | Edited 6:11am
Quoting Domas4
Right, USD/JPY

This trade was done after the Sydney's open.
The PA crossed my entry point and headed north.
Was it because the H4 was in an uptrend? Or was it, because
'unpopular' trading hours? Both maybe?
Should I count it as my business expense or as my own fault?
I guess it's because I went against H4 trend.

EDIT: Oh okay, the PA touched the trendline and bounced.
Just like yesterday with E/U


This was a very strong S&R level as you can see price has been bouncing around that area for a while. Also, as you say, the trend line didn't help.
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Starting to see instead of just looking.
  • #6,905
  • Oct 22, 2009 6:01am Oct 22, 2009 6:01am
TAH

Think this EU trade is going to come around.

I was thinking it had enough steam to break this resistance.
Maybe at NY open.
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Starting to see instead of just looking.
  • #6,906
  • Oct 22, 2009 6:37am Oct 22, 2009 6:37am
Nice looking Higher Low forming (in M15) with a Bullish hammer in H4...


Sonic
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  • #6,907
  • Oct 22, 2009 7:21am Oct 22, 2009 7:21am
I am watching the lack of volume after it touched the 61.8 fibo.
Is this where the Big Dogs step in, right after the US unemployment claims news so they can pump this up even further?
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Starting to see instead of just looking.
  • #6,908
  • Oct 22, 2009 7:57am Oct 22, 2009 7:57am
Is this the reverse fake out of yesterday?
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Starting to see instead of just looking.
  • #6,909
  • Oct 22, 2009 8:18am Oct 22, 2009 8:18am
Had a EU long...

Sonic
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  • #6,910
  • Oct 22, 2009 8:24am Oct 22, 2009 8:24am
My SL got hit. Still, this is experience I am gaining.
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Starting to see instead of just looking.
  • #6,911
  • Oct 22, 2009 8:53am Oct 22, 2009 8:53am
CCI green->red
Price resist from 1.500
LH --> LL?
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Be a friend, My skype id: helloworldsh
  • #6,912
  • Oct 22, 2009 9:26am Oct 22, 2009 9:26am
Quoting szpower
CCI green->red
Price resist from 1.500
LH --> LL?

Maybe you want to take a look at it like this.
Attached Image
Starting to see instead of just looking.
  • #6,913
  • Oct 22, 2009 9:27am Oct 22, 2009 9:27am
Pretty much choppy session indeed...
I had taken my side with proper SL and TP,,,

If u have very close SL..it will be like driving a F1 car in narrow lane..the chance of the hitting the barrier is very high..even if price 'eventually' go on your direction.

http://i.wp.pl/a/f/jpeg/17839/Was925658.jpeg

Sonic
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  • #6,914
  • Oct 22, 2009 9:32am Oct 22, 2009 9:32am
I think TAH and myself were in the same car on the EU tour. loL

This one.
http://www.cosmoloan.com/wp-content/.../car_crash.png
Starting to see instead of just looking.
  • #6,915
  • Oct 22, 2009 10:25am Oct 22, 2009 10:25am
Very choppy,

My EU short BE when +30 pips, then it touch my BE.


Ratsman, thanks for your hint.

At that time, it is a re-entry, i used to consider a re-entry
- a whole wave done, (similar to elliote 1-2-3-4-5, five in one)
- CCI green -> red
- this case 1.5000 give it a resistance, could be also a good reason.
- 15m, long wick
- and volume spread analysis

Finally i dont get one pip win although.
Be a friend, My skype id: helloworldsh
  • #6,916
  • Edited 10:45am Oct 22, 2009 10:32am | Edited 10:45am
I guess mkt gonna be ding dong for tonite as not much of a news coming out..till tomorrow nite...

Unless if we have a news like madoff does the prison break....

http://p9.hostingprod.com/@www.analy...ges/Bernie.gif

Nite guys
Sonic
  • #6,917
  • Oct 22, 2009 7:31pm Oct 22, 2009 7:31pm
Quoting sonicdeejay
Had a EU long...

http://cdn.forexfactory.com/attachme...1&d=1256217470

Sonic
Morning guys...

TP hits with 50 pips...

Sonic
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  • #6,918
  • Oct 22, 2009 7:32pm Oct 22, 2009 7:32pm
Quoting sonicdeejay
Morning guys...

TP hits with 50 pips...

Sonic
The best part of waking up ... 50 pips in your cup!
  • #6,919
  • Oct 22, 2009 7:57pm Oct 22, 2009 7:57pm
Quoting ddaytrader
The best part of waking up ... 50 pips in your cup!
Thank..DD
Now I see, further advancement are unlikely as there are big vol coming in, which propbably means... many take TP or many take EP short...

Will till UK or US session...
Sonic
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  • #6,920
  • Edited 11:08pm Oct 22, 2009 10:50pm | Edited 11:08pm
Just ranting

My head is about to explode from looking at these charts, but apart from that, looking at the Hammers on H4 and after marking off the bottom and top hammers & putting a fibo on the previous 5 day period Low-High. We can see that a lot of the more successful looking ones are bouncing off the most important fibo areas or close by them & round numbers.

After an H4 hammer, if we move down to H1, we seem to see a lot of ranging going on and sometimes price moving sideways a lot. But if we move to M15 we can more often than not see the wave setting up.


Hmmmm
Now maybe if I retrace these steps through the EU short that hit my SL yesterday, just maybe, I can find out, other than a strong Resistance area, why this occurred.
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Starting to see instead of just looking.
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