Sonic R. System

Looking at GU on H1 seems to suggest we may have a Short setup later in the day.

Yes, we need a closed candle outside the Dragon. As for the rest, could you please show Pair ID on chart and my post number you are referring to.

Last week Sonic requested in #7327 that I post a chart template with the supporting indicators that was used for the chart in #7326.

I have attached hereto a zip file with the template and suporting indicators. I would like to make some comments regarding the contents of this file.

Upgrades for the M/W and D pivots indicators are included. And once again, I wish to thank Domas4 for his time and valuable coding contributions to this effort. He also joined in the effort to create a substantial upgrade to the Volumes Enhanced indicator, which now has a Volume Alert. You select a volume level for a time frame that you wish to be alerted on. Code translates that level to the apprpriate level for all time frames and displays a line on the volume histogram. You can turn on the MT4 Alert for a bell/text message pop-up window, or you can select just an audible alert, coded by Domas4.....a female voice saying, "Volume alert."

The Pips 4 Life clock indicator has been modified to allow it to be placed in a chart sub-window. Additional coding keeps the order of the list the same for top and bottom of window selections (no reversing of the list order as you switch from top to bottom corners), and the alignment of the lablels is preserved when changing from right side to left side corners. Also, additional controls are added to fine tune the display position, line spacing, text size and font style.

FFCal, like the P4L clock, has been modified to allow fne tuning of alignment and spacing between lines and groups of lines, to allow the title to not be displayed, to switch between normal and bold font, etc.

Every indicator has the ON/OFF feature allowing it to be turned off when not needed, and keeping your settings for that specific chart. This is a much better solution than adding indicators to a chart when needed, and perhaps having to repeat certain inputs.

As always, I recommend users read the notes in the compiles of the indicators, and particularly in the case of the upgrades to the pivot indys and the Volumes Enhanced indy. Within the compiles, you will find "Suggested Colors" or "Suggested Settings" providing what is needed for those that use black charts.

Below are two template configurations of those possible.....

http://www.forexfactory.com/attachme...3&d=1257994482
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Sorry TAH, It was DD's post NOT yours.
I was reading so much so quickly, I somehow had the mistaken idea you had posted that.

It was the EJ trade in post 7518 and, I was asking about the wave as I saw it more as a yet to be completed wave and could not understand why DD was talking about a setup.

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EDIT!!! Ooooops

This was DD's post not TAH's!!!!




I'd like to ask a question about this wave?

Maybe I am looking at this wave incorrectly but, we did not have a break of the upper tunnel line at point A in the wave you drew. I was under the impression we need to have the candle close outside the tunnel dragon for it to be considered a signal. Have I got this wrong?

In the wave I drew on the left, which is how I thought we should view this, we still do not have the retrace to give us a higher low, where I put the question mark.

Just interested in viewing this from a different perspective or at least understanding the view you have of it.

Thanks in advance.

EDIT: I took the screen shot, wrote half the text and my wife put lunch on the table, so the screen shot is before this trade went South.
DD, you clarified my question before I asked it, Thanks.

EU: Trade short setup......
Edit: Lowering Tps......

Just looking at GU on H1 tf, looks like it is about to make a Double Bottom.

Wonder what TAH thinks about this one?

Double bottom? Possibly. But range is less than 100. It has averaged 188 for last 30 days. Yesterday range was 261. Maybe stops in this area, pullsback for US open and drops more afterwards. Who knows.....that's what I think.....who knows?
Edit: EU is going down, and UJ looks to have just put in a a nice pin bar on M15 with high relative volume.....we may be seeing the US dollar waking up!

GU just slipped 22 pips past the bottom, I guess we can forget it now.

No advice on this set up ?

Advice? No. Rather, I think congratulatiosn are in order! Both your Tps reached.

EU and UJ: There is whipsawing here! It may indicate activity by big guns to adjust some positions before the prices move too far. UJ show about 170 volume/trades down and up, and then a meager 60 back down. Pushing it back down on lighter volume would indicate their desire to keep it down until they are ready to deal with a major move up (i.e., profit by it). All speculation. Only trade what the charts show.

Many, Many thanks to TAH & Domas for these indicators and template.
You guys must have worked like mad on these, greatly appreciated.

EU M15: First Tp reached.

UR TP 2 must reach too...


Sonic

Short on EURGBP on this set up :

Forming a triple bottom... seem to have support @ 1.652x lvl..

Nite
Sonic

Didn't take this one, but itwould have been a good set up with small initial SL...

Exit from range Channel on GBPUSD...

Good set up ? (it's a question )

EU M15: Second Tp reached while sleeping. I had lowered them shortly after entry......not enough, apparently!

UJ M15: This trade is doing fine, too. Set no Tps and it is still on.
Edit: I am expecting this to remain consolidating until asian session. At that time there may even be a further pullback (and I may be wishing I had taken profits!). However, if this is to go further north, that is what I would expect the asian trading big guns to do, so they can get in lower. This is all speculation, but I am leaving the trade running for now.