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Sonic R. System

  • #8,561
  • Dec 14, 2009 3:32am Dec 14, 2009 3:32am
How bout your views on this? AUDJPY short?
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  • #8,562
  • Dec 14, 2009 3:39am Dec 14, 2009 3:39am
Quoting Rastaman
No, not really.

Why, do you think I have?

Does this trade seem to be indecisive?

TP1 hit and SL at BE+ it is a free trade.


GOOD LAD !
  • #8,563
  • Dec 14, 2009 3:50am Dec 14, 2009 3:50am
EJ short
comments are welcome
David
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  • #8,564
  • Dec 14, 2009 3:56am Dec 14, 2009 3:56am
i think setup good, but for me, i do not like support and TL H4, may turn bad..?
  • #8,565
  • Dec 14, 2009 4:05am Dec 14, 2009 4:05am
david4u, but there is a support, so it's a bit risky
Patience is the key.
  • #8,566
  • Edited 5:05am Dec 14, 2009 4:43am | Edited 5:05am
Quoting Domas4
Made a picture with waves, H, L, HH, LL, HL, LH, does this help?
Hi Domas,

Thanks for the picture.. here's my understanding of the H, L, HH, LL, HL, LH
H = when it hits the resistance/highest point,
L = the first support level after the high
LH = the mid resistance level, that is lower than the high but higher than the low
HH = when it hits another resistance level above the high
HL = when it hits a support level below the HH but not breaking the support level below previous HH. If it does, then it becomes a Low

Is that right? Sometimes there's a mini waves in between, when a dip or spike can be called a LH or HL? When it's more then 10 pips? I have attach a picture to illustrate my question..

Thanks.

Cheers..
BC
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  • #8,567
  • Dec 14, 2009 6:02am Dec 14, 2009 6:02am
EU and GU: For southbound trains.....
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  • #8,568
  • Dec 14, 2009 6:18am Dec 14, 2009 6:18am
Quoting Rastaman
I asked this to TAH in pm but he is not around right now and I need an answer quickly. I have almost certainly settled on the broker I am going with, the server is in the country I am so, signals should be more reliable.

Anyway, I planned on opening a small account with 300,000 Japanese yen of my own money but, my wife just handed me another 300,000 Yen and said, use this for your account. So, what should I do now, open a 600,000 Yen account or stick with the original plan?

Decisions.........I am grateful to my wife but it kind of messes up...
Put it all in, but trade as though her money was not there. That way it will serve as protection against liquidation in the unlikely event something goes wrong with a trade (you are not there to manage it for some reason and it swings against you for some time). That is certainly better than not having that extra insurance. If you feel that by it being in the account you might be tempted to trade with it, before you are truely confident and ready to, then don't put it in.
  • #8,569
  • Dec 14, 2009 6:30am Dec 14, 2009 6:30am
Quoting blackcat2
Hi Domas,
Thanks for the picture.. here's my understanding of the H, L, HH, LL, HL, LH
H = when it hits the resistance/highest point,
L = the first support level after the high
LH = the mid resistance level, that is lower than the high but higher than the low
HH = when it hits another resistance level above the high
HL = when it hits a support level below the HH but not breaking the support level below previous HH. If it does, then it becomes a Low
[...]
BC
First try to see price swings. Then try to identify high and low swing.
Then HH,HL,LL,LH swing points. Connect these points and you get waves.
It is uneccessarry for price to reach support or resistance , for you to
start counting waves. There are waves everywhere, just take a look
how waves act when they are around the dragon.
cut losses short, let profits run.
  • #8,570
  • Dec 14, 2009 6:45am Dec 14, 2009 6:45am
Quoting traderathome
Put it all in, but trade as though her money was not there. That way it will serve as protection against liquidation in the unlikely event something goes wrong with a trade (you are not there to manage it for some reason and it swings against you for some time). That is certainly better than not having that extra insurance. If you feel that by it being in the account you might be tempted to trade with it, before you are truely confident and ready to, then don't put it in.

Thanks T

I will consider the possibilities.
Starting to see instead of just looking.
  • #8,571
  • Dec 14, 2009 7:00am Dec 14, 2009 7:00am
I'm long the GU at 1.6253, SL 1.6238, TP 1.6303. Its not pretty, but nor much is this morning. It is starting to look like the trading year is over and its time to sit back and wait for the New Year. Then again, leaving the table now we may miss the next great snorting stampede of the Bulls!
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  • #8,572
  • Dec 14, 2009 7:26am Dec 14, 2009 7:26am
It should have been a nice Sonic R set up...I miss it,,,
See how it goes...


Sonic
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  • #8,573
  • Dec 14, 2009 7:33am Dec 14, 2009 7:33am
Quoting ddaytrader
I'm long the GU at 1.6253, SL 1.6238, TP 1.6303. Its not pretty...
Well it went from not pretty to pretty ugly to beautiful and back to ugly. Stopped at break even.
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  • #8,574
  • Edited 9:23am Dec 14, 2009 9:05am | Edited 9:23am
EU H1: Am I reading this right?
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  • #8,575
  • Dec 14, 2009 9:35am Dec 14, 2009 9:35am
EJ, EU, GU, UJ: These all have the same look about them....
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  • #8,576
  • Dec 14, 2009 10:04am Dec 14, 2009 10:04am
While I have a bearish bias, I cannot let that stop me from trying these longs on the GU. The first try was a break even deal. And this one may end the same way. My buddy just reminded me that we have a fed meeting this week, so we may not get sonic swinging until wednesday afternoon.
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  • #8,577
  • Dec 14, 2009 10:05am Dec 14, 2009 10:05am
Sonikers
At this moment this is my biggest problem .
I see a legitimate classic SonicR sell setup BUT I ALSO see a very nice Up TL
If the TL will hold, as in the previous 3 opportunities , we will not hit TP1.
If I look only after this Sonic short setup - I will Short .
If I look at the Sonic setup AND ALSO at the TL I have a conflit ,
I don't know what to do ...
The distance between the EP and the TL (blue arrow) is not enough big
therefore "analysis paralysis" and I will not know what to do .
Can we say "If there is a classic Sonic setup , go for it anf forget the TL's"?
Thanks for your comments .
David


Quoting sonicdeejay
It should have been a nice Sonic R set up...I miss it,,,
See how it goes...


Sonic
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  • #8,578
  • Dec 14, 2009 10:12am Dec 14, 2009 10:12am
EU M15: If not already in it, this is how I'd size it up currently....
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  • #8,579
  • Dec 14, 2009 10:24am Dec 14, 2009 10:24am
Quoting ddaytrader
While I have a bearish bias, I cannot let that stop me from trying these longs on the GU.
Ok, I am at break even on the stop loss, and my TP1 is +55 and my TP2 is +100.

Let the market decide for me.
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  • #8,580
  • Dec 14, 2009 10:31am Dec 14, 2009 10:31am
Quoting ddaytrader
Ok, I am at break even on the stop loss, and my TP1 is +55 and my TP2 is +100.

Let the market decide for me.
You know, ddaytrader, as many times as this has broken out of the Dragon for 20 - 35 pips, maybe we should trade this on the M5 chart.....LOL!
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