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Sonic R. System

  • #9,221
  • Jan 6, 2010 9:11am Jan 6, 2010 9:11am
Quoting traderathome
Trading EJ...? Be careful. This looks very much like a "Bear Flag/Channel".......(what the Bears send up to attract the Bulls!).
Well I have taken my profit after reading this post. Just as i pulled out the trade has started to drop. Cheers Traderathome
  • #9,222
  • Jan 6, 2010 9:14am Jan 6, 2010 9:14am
Quoting PabloOnFX
EJ TP1 Hit
I will manually force to TP2 to close at some stage

Pablo
TP2 forced exit at +85 pips

Pablo
p.s. I'm still learning!
Attached Image (click to enlarge)
Click to Enlarge Name: ej.gif Size: 32 KB
  • #9,223
  • Jan 6, 2010 10:30am Jan 6, 2010 10:30am
Quoting PabloOnFX
All good points but I'm following Waves 1st, Trendlines 2nd and there's many trendlines to watch.

And as I said no shame came of being stopped out at BE.

Pablo
EU stopped out at BE.
Probably arrived too late in the day to push through 1.44xx
but I liked the strategy and will look to use it again on some other wave.

Pablo
p.s. I'm still learning!
Attached Image (click to enlarge)
Click to Enlarge Name: eu.gif Size: 31 KB
  • #9,224
  • Jan 6, 2010 11:16am Jan 6, 2010 11:16am
Quoting traderathome
Trading EJ...? Be careful. This looks very much like a "Bear Flag/Channel".......(what the Bears send up to attract the Bulls!).
TAH, please draw what you are talking about.
Attached Image (click to enlarge)
Click to Enlarge Name: EJ 2010-01-06 Longs Everywhere.jpg Size: 112 KB
  • #9,225
  • Jan 6, 2010 11:19am Jan 6, 2010 11:19am
Potential GU Long Trade: Per attached chart. The key word here is "Potential". If trade develops price might make it to the FE 162 level. But keep in mind the overall trend on M15 and H4 has been down.
Attached Image (click to enlarge)
Click to Enlarge Name: # 183 .gif Size: 35 KB
  • #9,226
  • Jan 6, 2010 11:47am Jan 6, 2010 11:47am
Quoting Juneman
This is the trade i took. You need wait for the dragon to come into contact with your trades.

This picture might help you i think it was traderathome who made it. In your trade the dragon was not in play and the dragon.
Beautiful chart, Juneman or TAH, whoever is responsible for it.

That's a Soniker Piece of Art!
Attached Image (click to enlarge)
Click to Enlarge Name: Beautiful Picture1.jpg Size: 95 KB
  • #9,227
  • Jan 6, 2010 12:09pm Jan 6, 2010 12:09pm
Quoting ddaytrader
Beautiful chart, Juneman or TAH, whoever is responsible for it.

That's a Soniker Piece of Art!

Thats what i thought its great that should be put into the sonic manual.
  • #9,228
  • Jan 6, 2010 12:19pm Jan 6, 2010 12:19pm
trade closed manually ........got 70 pips

Muhammad
Attached Image(s) (click to enlarge)
Click to Enlarge Name: 6 jan eu buy.gif Size: 29 KB
Click to Enlarge Name: 6 jan eu hit tp.gif Size: 34 KB
FxHome
  • #9,229
  • Jan 6, 2010 1:07pm Jan 6, 2010 1:07pm
Quoting ddaytrader
Beautiful chart, Juneman or TAH, whoever is responsible for it.

That's a Soniker Piece of Art!
Not mine, but I agree that it is very educational. "Thanks!" to whoever made the chart.
  • #9,230
  • Jan 6, 2010 1:10pm Jan 6, 2010 1:10pm
GU Long Trade: It is a wierd time of day to start a trade, but here it goes.....(technically it is not the asian session, right?).
Attached Image (click to enlarge)
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  • #9,231
  • Jan 6, 2010 1:51pm Jan 6, 2010 1:51pm
EJ: Watching this for a short trade setup. Earlier, at the highs, there was a significant increase in trades, which one logically would conclude would be preparations being made for a later push down in the price. Well, it looks as if now the rug is being pulled out from under!
Attached Image(s) (click to enlarge)
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Click to Enlarge Name: # 186 .gif Size: 37 KB
  • #9,232
  • Jan 6, 2010 2:29pm Jan 6, 2010 2:29pm
Quoting traderathome
GU Long Trade: It is a wierd time of day to start a trade, but here it goes.....(technically it is not the asian session, right?).
TAH, my experience has been that except on rare occasions, the time between 3PM EST and 7PM EST is the most dangerous time to open trades.

That being said, I have had one or two real crazy winners during those hours, but that was last year when these things were jumping 100-200 pips in half an hour at times!
  • #9,233
  • Jan 6, 2010 2:54pm Jan 6, 2010 2:54pm
UJ Short

If you want to ignore the trading session rules..........

Swing Reason = Bounce from historical High
Also Breaking Trendline - in this case thats a 40 pip drop from TL break point


Pablo
p.s. I'm still learning!
Attached Image (click to enlarge)
Click to Enlarge Name: uj.gif Size: 27 KB
  • #9,234
  • Jan 6, 2010 3:04pm Jan 6, 2010 3:04pm
Quoting PabloOnFX
Also Breaking Trendline
Trendlines need to start from highs and lows - not where you think they look the prettiest. Your trendline is drawn from a higher pivot low, not the swing low. Your anchor needs to be the lowest low before the most recent highest high without piercing any bars. Look at how mine is drawn.
Attached Image (click to enlarge)
Click to Enlarge Name: 2010-01-06 USDJPY Trendline1.jpg Size: 113 KB
  • #9,235
  • Jan 6, 2010 3:23pm Jan 6, 2010 3:23pm
Quoting ddaytrader
Trendlines need to start from highs and lows - not where you think they look the prettiest. Your trendline is drawn from a higher pivot low, not the swing low. Your anchor needs to be the lowest low before the most recent highest high without piercing any bars. Look at how mine is drawn.
With the greatest respect DD....

1. Inner Trendlines can spur off the outer trendline
2. If the origin is the Swing Low then something gone wrong with this trendline that dates back to Nov 2009 - see pic below.

Eitherway....... follow the Waves!

Pablo
Attached Image (click to enlarge)
Click to Enlarge Name: uj.gif Size: 25 KB
  • #9,236
  • Edited 4:21pm Jan 6, 2010 3:48pm | Edited 4:21pm
Quoting ddaytrader
TAH, my experience has been that except on rare occasions, the time between 3PM EST and 7PM EST is the most dangerous time to open trades.

That being said, I have had one or two real crazy winners during those hours, but that was last year when these things were jumping 100-200 pips in half an hour at times!
Gee. Thanks. And......oh yes, you might have warned me BEFORE I opened the trade!


The GU Long Trade In Question: I don't know how this will turn out, but the adjusted FE yields targets representing a good risk to reward ratio at first level. Current chart shows increased trading activity now as price is in the Ep area (blue line).

Edit: A short while after I posted the above, it started to move (second chart), so it may turn out ok.
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  • #9,237
  • Jan 6, 2010 5:16pm Jan 6, 2010 5:16pm
GU Long Trade: I'm out....a bit over BE. Lots of trading on the downside. This may go much lower. I don't know. *#&@%$! asian sessions! (Just kidding. No problems. That's the way it goes sometimes. Same with my AU trade yesterday, only that cost me a few pips.)
Attached Image (click to enlarge)
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  • #9,238
  • Jan 6, 2010 5:25pm Jan 6, 2010 5:25pm
EJ M15: Ok, it has been pumped. But not quite as far, hence lower high at this point. Let's see what this does. Meander sideways until FO/LO and then slam dunk?
Attached Image(s) (click to enlarge)
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  • #9,239
  • Jan 6, 2010 5:44pm Jan 6, 2010 5:44pm
Potential UJ Short Trade Setup: Per attached chart with FE levels as possible targets.
Attached Image (click to enlarge)
Click to Enlarge Name: # 192 .gif Size: 31 KB
  • #9,240
  • Jan 6, 2010 6:32pm Jan 6, 2010 6:32pm
EJ Short Trade: Per attached chart with FE levels for possible targets.
Attached Image (click to enlarge)
Click to Enlarge Name: # 193 .gif Size: 29 KB
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