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Sonic R. System

  • #7,901
  • Nov 24, 2009 11:31am Nov 24, 2009 11:31am
Quoting cignus
GU : Trade Set up... Trading the H&S
EP @ 1.6595
SL @ 1.6557
TP1 @ 1.6630
TP2 @ where it will go..
I am beginning to think this will not take place. Four times up to Ep and no breakout, and trade activity is falling off. Either that, or if it does finally breakout upwards, it should be a good move, what with all the preparations being made.
  • #7,902
  • Nov 24, 2009 12:23pm Nov 24, 2009 12:23pm
Quoting traderathome
I am beginning to think this will not take place. Four times up to Ep and no breakout, and trade activity is falling off. Either that, or if it does finally breakout upwards, it should be a good move, what with all the preparations being made.
FOMC day, TAH. Markets are frozen, but should thaw after the release.
  • #7,903
  • Nov 24, 2009 12:25pm Nov 24, 2009 12:25pm
Quoting enewbold
And here's what my final version looks like.

Thanks again, my friend!
Ed
Rastaman, is the breakout bar indy just coded for GU?
  • #7,904
  • Edited 1:21pm Nov 24, 2009 12:53pm | Edited 1:21pm
Quoting ddaytrader
FOMC day, TAH. Markets are frozen, but should thaw after the release.
Thanks for the reminder, ddaytrader. Meanwhile, it is getting wound tight!

Edit: Updated chart. If this winds any tighter we will have to call in the paramedics to apply paddles!
Attached Image (click to enlarge)
Click to Enlarge Name: # 089 .gif Size: 40 KB
  • #7,905
  • Nov 24, 2009 2:17pm Nov 24, 2009 2:17pm
Quoting traderathome
Rastaman, is the breakout bar indy just coded for GU?
Rastaman didn't code it; I got it from another FF forum a few months ago. It was originally designed for the GU pair, as that was all being tracked at the time, but I use it for visual clues on all currency pairs to highlight what happened between 7-9 AM eastern.

I've noticed that very often a breakout after the 7-9 am period is just temporary, and a few hours later a big reversal will occur.

Still, it's just another information tool to assist me in my forecasting efforts. If anyone else wants to use it, enjoy it.

Cheers,
Ed
  • #7,906
  • Nov 24, 2009 3:08pm Nov 24, 2009 3:08pm
GU: With today session coming to an end, imho so is the prospect for this trade. I am calling it null and void. At this point it could go either way, at least that is how I shall look at it.
  • #7,907
  • Edited 7:38pm Nov 24, 2009 7:23pm | Edited 7:38pm
Just taking a look at the Big Picture on GU.

Daily
Attached Image (click to enlarge)
Click to Enlarge Name: eu.jpg Size: 201 KB
Starting to see instead of just looking.
  • #7,908
  • Nov 25, 2009 12:03am Nov 25, 2009 12:03am
Hi,

I found the template on the first page is different from what you guys are using. Can anyone share with me the latest indicators and templates?

Cheers
  • #7,909
  • Nov 25, 2009 12:28am Nov 25, 2009 12:28am
Hi !
EP triggerred this night... and TP1 reached !
Now a Free trade.
EP @ 1.6597
TP1 @ 1.6630
TP2 @ 1.6680
Stop @ BE and Trailling Stop of 35 pips
Got to go to work...
Attached Image (click to enlarge)
Click to Enlarge Name: sonic_gbpusd_2009-11-25_ut15_1.gif Size: 15 KB
  • #7,910
  • Nov 25, 2009 1:48am Nov 25, 2009 1:48am
Quoting cignus
Hi !
EP triggerred this night... and TP1 reached !
Now a Free trade.
EP @ 1.6597
TP1 @ 1.6630
TP2 @ 1.6680
Stop @ BE and Trailling Stop of 35 pips
Got to go to work...
Hi Cignus,

regarding the chart you posted...

what is the name of indi that displays the big candle on the rightmost part?

thanks..
  • #7,911
  • Nov 25, 2009 2:08am Nov 25, 2009 2:08am
Quoting Troy
Hi Cignus,

regarding the chart you posted...

what is the name of indi that displays the big candle on the rightmost part?

thanks..
Hi Troy
This is that indi.
Attached File(s)
File Type: ex4 PivotsD v4.ex4   26 KB | 401 downloads
Follow the rules and be successful.
  • #7,912
  • Nov 25, 2009 4:02am Nov 25, 2009 4:02am
DAVID

Maybe Imarti can post the book again.
I looked in my files but can not find it anymore, sent you djvu file but can not find it in pdf format.
The book is called
Forex Trading For Maximum Profit by Raghee Horner.
Starting to see instead of just looking.
  • #7,913
  • Nov 25, 2009 4:29am Nov 25, 2009 4:29am
I am totally .
Set up my trading plan then my wife asks to go out for something for 15 mins, it ends up taking 2 hours, I get back and London has opened and everything has gone on its way. Nooooooooooooooooooooooooooooooo
Attached Image (click to enlarge)
Click to Enlarge Name: gu.jpg Size: 156 KB
Starting to see instead of just looking.
  • #7,914
  • Nov 25, 2009 5:08am Nov 25, 2009 5:08am
Hey Muhamad.

Where did you go on your Honeymoon?

Hope you had a great time to remember.
Starting to see instead of just looking.
  • #7,915
  • Nov 25, 2009 5:17am Nov 25, 2009 5:17am
Quoting .PeYmAn.
Hi Troy
This is that indi.
Thanks .Peyman.
  • #7,916
  • Nov 25, 2009 5:59am Nov 25, 2009 5:59am
Quoting Rastaman
I am totally .
Set up my trading plan then my wife asks to go out for something for 15 mins, it ends up taking 2 hours, I get back and London has opened and everything has gone on its way. Nooooooooooooooooooooooooooooooo
Thats ok RM, it happens and most important is the consistency is there for the next trade. Unfortunately I have not achieve that aim yet. I just cant seem to stay in a trade long enough for it to run its full course through the day. Makes me want to switch off the monitor and walk away after putting on a trade just to fix this.
  • #7,917
  • Nov 25, 2009 6:02am Nov 25, 2009 6:02am
Quoting furburr
Thats ok RM, it happens and most important is the consistency is there for the next trade. Unfortunately I have not achieve that aim yet. I just cant seem to stay in a trade long enough for it to run its full course through the day. Makes me want to switch off the monitor and walk away after putting on a trade just to fix this.
You tried only looking for setups 1 hour before London Open?
Starting to see instead of just looking.
  • #7,918
  • Nov 25, 2009 6:47am Nov 25, 2009 6:47am
HI Rastaman i was bussy in my marraige caremony .. i m back to trading hope u guyz did alot of hard work ...

regards

Muhaamad



Quoting Rastaman
Hey Muhamad.

Where did you go on your Honeymoon?

Hope you had a great time to remember.
FxHome
  • #7,919
  • Nov 25, 2009 6:55am Nov 25, 2009 6:55am
Quoting Rastaman
You tried only looking for setups 1 hour before London Open?
I know thats the best time to start working on setups. But at the moment I am watching markets through Asia time as well (Im in Hong Kong). How will looking for setups 1 hr b4 Ldn help in my trade management/discipline problem?
  • #7,920
  • Nov 25, 2009 7:25am Nov 25, 2009 7:25am
Quoting furburr
I know thats the best time to start working on setups. But at the moment I am watching markets through Asia time as well (Im in Hong Kong). How will looking for setups 1 hr b4 Ldn help in my trade management/discipline problem?
Well, I am in Japan so time wise we are probably not that far apart.

I had also been watching the markets and planning my entries all day in the Asian session, but I found it makes me too tired when London opens and I lose concentration and get edgy.

Sonic recommended to start looking for setups an hour before the LO open.

Recently, I setup my charts in the morning and look at larger tf for obvious turnaround points that may get hit later in the day. Then, I leave it alone until an hour before the LO and then plan the trade based upon the updated information.
It seems to help psychologically, as I am much fresher and calmer.
Starting to see instead of just looking.
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