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Sonic R. System

  • #8,101
  • Edited 2:24am Dec 2, 2009 2:08am | Edited 2:24am
Quoting sonicdeejay
careful... GU may rebound as Now I see big vol..Manage it well..
BTW..nice entry on ur short...

Sonic
Thanks, Sonic. Yeah, one can never know....let the market decide. But, if not a rebound, then a good re-entry opportunity. Could just be some big players trying to get a higher average entry selling price....down, up, down again? Well, let's see how this goes.

Edit: Added second chart.....big trade count after high put in, and on downward price move.
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  • #8,102
  • Dec 2, 2009 2:55am Dec 2, 2009 2:55am
EU: Either this... or today we will have a ranging market:
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cut losses short, let profits run.
  • #8,103
  • Dec 2, 2009 2:57am Dec 2, 2009 2:57am
I tend to set SL at 2 pips below/above HL/HH, could anyone advise a possible better technique?
  • #8,104
  • Dec 2, 2009 3:06am Dec 2, 2009 3:06am
Quoting traderathome
Thanks, Sonic. Yeah, one can never know....let the market decide. But, if not a rebound, then a good re-entry opportunity. Could just be some big players trying to get a higher average entry selling price....down, up, down again? Well, let's see how this goes.

Edit: Added second chart.....big trade count after high put in, and on downward price move.

Highly possible… once u traded ur plan and executed the trade, let the market decides…

As for the structure of the market. Big boys always win…

They will buy in at lowest… and sell it back when the price go up
And they will short sell at highest and buy in when the price plunge…

Our job is to follow them along and profit with them…


http://www.forexfactory.com/attachme...8&d=1259644068


Sonic
  • #8,105
  • Dec 2, 2009 4:56am Dec 2, 2009 4:56am
Hi all,

Would it be okay to consider trades, when price is currently above the dragon

ie in between the arrows drawn on the chart ?

http://www.forexfactory.com/attachme...1&d=1259751273
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"The future is already written in the past"
  • #8,106
  • Dec 2, 2009 5:43am Dec 2, 2009 5:43am
Quoting sonicdeejay
Highly possible… once u traded ur plan and executed the trade, let the market decides…

As for the structure of the market. Big boys always win…

They will buy in at lowest… and sell it back when the price go up
And they will short sell at highest and buy in when the price plunge…

Our job is to follow them along and profit with them…


http://www.forexfactory.com/attachme...8&d=1259644068


Sonic
stopped out for -30 pips. Sonic's assessment was right when he saw that volume come in. It went much higher than I expected it to.
  • #8,107
  • Dec 2, 2009 7:07am Dec 2, 2009 7:07am
here is my 1 trade after one month .....i m planing my trade ...price can move up side with the trend.if price touch TL and move back down and making sonicR then i set my EP ....FEEL free and comments i need that
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FxHome
  • #8,108
  • Dec 2, 2009 7:17am Dec 2, 2009 7:17am
e/j sell now
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FxHome
  • #8,109
  • Dec 2, 2009 7:38am Dec 2, 2009 7:38am
Quoting Muhammad989
e/j sell now
I'm in with you Muhammad ... taking some heat, but its up to the market to decide how I finish the day.
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  • #8,110
  • Dec 2, 2009 8:15am Dec 2, 2009 8:15am
Good morning guys,

I was wondering if somone could take a chance and answer my question on post 8093, and also if my setup in post 8094 has any flaws
much appreciate it

Tyler
  • #8,111
  • Dec 2, 2009 8:36am Dec 2, 2009 8:36am
Whenever the price hit 1.506x level...vol pick up...

Sonic
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  • #8,112
  • Dec 2, 2009 8:40am Dec 2, 2009 8:40am
Quoting therka01
To my knowledge S&R lines exist where there are a high amount of sellers and buyers waiting at certain levles (round numbers seem most comon). So why is it that these slanted trendlines seem to be almost as accurate as S&R lines? The slanted line is not a certain level of price where there are more buyers/sellers? Or is it the fact that millions of traders out there drew the same line and all...
I want you to know that the market is just the transparent mirror of the participants' emotion and trading..

U just answered yourself in your question..or at least I humbly think so...

Sonic
  • #8,113
  • Dec 2, 2009 8:44am Dec 2, 2009 8:44am
Quoting ddaytrader
I'm in with you Muhammad ... taking some heat, but its up to the market to decide how I finish the day.
Care Full guys..
Respect this PPZ level too..

May the force be with you..
Sonic
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  • #8,114
  • Dec 2, 2009 8:54am Dec 2, 2009 8:54am
Quoting sonicdeejay
careful... GU may rebound as Now I see big vol..Manage it well..
BTW..nice entry on ur short...

http://cdn.forexfactory.com/attachme...1&d=1259741133

Sonic
It did rebounded...after touching daily pivot..

Sonic
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  • #8,115
  • Edited 9:02am Dec 2, 2009 8:58am | Edited 9:02am
Quoting sonicdeejay
Care Full guys..
Respect this PPZ level too..

May the force be with you..
Sonic
Hey Sonic, thanks!

I saw it and when price poked to a lower low but couldn't make it stick I pulled my stop loss to +3.5 pips, which is exactly what I got.

I'll ride out one bounce against me, but if price goes in my favor again and then still can't get traction in my direction, I protect myself quickly. The next SonicR is never more than a day away.

We have the Fed Beige book this afternoon, so we may just chop around in a range until then. We may even just chop around in a range after that as well.

Who knows. I am flat, and waiting for price and SonicR to show the way.


EDIT: You can see in the chart how after the entry, price dropped, rallied hard, then made a little lower low, and started to rally again. I have no problem looking for the exit door atthat point.
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  • #8,116
  • Dec 2, 2009 10:14am Dec 2, 2009 10:14am
Some days I just don't pick the right one to ride, though this SonicR on the EU would have provided plenty of uncomfortable heat while waiting for it to hit TP1.

In other words, I did not trade this one. I traded the short EJ and made +3.5.

I took an advanced SonicR long on the EJ and made +5

This EU just hit TP1 without me for +30, and it looks to be heading to TP2 for +60.

Oh well ... Next!
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  • #8,117
  • Edited 11:06am Dec 2, 2009 10:29am | Edited 11:06am
EJ: This trade seems to be taking forever! It has, however, made a nice pullback....TWICE, and now will either go up, down or sideways (ha, ha)!
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  • #8,118
  • Edited 1:59pm Dec 2, 2009 1:47pm | Edited 1:59pm
EJ: Look at this! The price has been worked down practically to the original Ep! And look at the trading activity as the price was worked lower and lower.....there has been far more trading on the descent than on the ascent! If this breaks to the topside, it should be for a whopping run, imho. I feel that way because this has the look of the first run up being a surprise that some of the big boys missed out on. So they went to working it down again, loading up longs on the way. And if this is what has happened, you can imagine they want to make a pretty penny on their longs for all the work they have been doing!
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  • #8,119
  • Dec 2, 2009 1:59pm Dec 2, 2009 1:59pm
EU - Here is that EU SonicR short that I did not take this morning because I chose the EJ short instead. The EJ short was a dud for me, and I made 3.5 pips.

Here the EU is, the SonicR short is still in control. What is eat is the way traders are hesitating to commit to either the bull or the bear case at the lower trendline of the SH1 channel.
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  • #8,120
  • Edited 2:44pm Dec 2, 2009 2:10pm | Edited 2:44pm
Quoting ddaytrader
EU - Here is that EU SonicR short that I did not take this morning because I chose the EJ short instead. The EJ short was a dud for me, and I made 3.5 pips.

Here the EU is, the SonicR short is still in control. What is eat is the way traders are hesitating to commit to either the bull or the bear case at the lower trendline of the SH1 channel.
PA looks like now that they have it down, they are going to milk it before letting it run (up?) again. However, look at the H4. Price is in an important area. If it falls, then a good move down maybe....maybe even a reversal. Why? Look at that mighty whipsaw (violet) followed by successive pumps, and as the price has moved higher traders have become more scarce.

Edit: Why not one more good move up to previous high area before they let it roll over? It wouldn't be the first time price has been made to move on light trading. Well,......the market will decide.
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