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Sonic R. System

  • #9,981
  • Feb 16, 2010 6:15am Feb 16, 2010 6:15am
Quoting DanPa
Ep @ 1.5668
Sl @ 1.5708
Tp @ 1.5622
I'm With You In This Trade But From Higher Entry.

My First TP Hits With +30 Pips. I Have 2 More. Let's See What Will Happen Next

Regards,
Basber
Trading methods are designed to put the odds in our favor, not predicting.
  • #9,982
  • Feb 16, 2010 6:17am Feb 16, 2010 6:17am
Quoting traderathome
Here she goes? Just before US open they pull the rug? Will be interesting to see if the US open results in another pump, or will those traders say, "Aw, hell! Let's get on with the dump!"
US has been open for 1.25 hours, and the dump just began. And it is off to a bang up start!
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  • #9,983
  • Feb 16, 2010 6:20am Feb 16, 2010 6:20am
Quoting PabloOnFX
OK but this what I observed....

GU wanted to go long. EU wanted to go short.

Which way did they go?

I would say, the weaker currency is the EU at this point in the market???

Pablo
Pablo,

You Can't Determine Where Price "Wants" To Go. You Should Have Solid Rules For Determining The Weakest Or Strongest Pair.

But You Can Trade As You Wish. I'm Just Telling You My Opinion. Decision Is Up To You. And In The End, It's Your Money

Regards,
Basber
Attached Image(s) (click to enlarge)
Click to Enlarge Name: eu.gif Size: 28 KB
Click to Enlarge Name: gu.gif Size: 32 KB
Trading methods are designed to put the odds in our favor, not predicting.
  • #9,984
  • Feb 16, 2010 6:20am Feb 16, 2010 6:20am
Quoting Basber
I'm With You In This Trade But From Higher Entry.

My First TP Hits With +30 Pips. I Have 2 More. Let's See What Will Happen Next

Regards,
Basber

niceeee....until this time i have +25...should i take it ( a part of it and put be) or should i stay?
  • #9,985
  • Feb 16, 2010 6:24am Feb 16, 2010 6:24am
Quoting Basber
You Can't Determine Where Price "Wants" To Go. You Should Have Solid Rules For Determining The Weakest Or Strongest Pair.


Missed you buddy ... welcome back, Basber!
  • #9,986
  • Feb 16, 2010 6:29am Feb 16, 2010 6:29am
Quoting ddaytrader


Missed you buddy ... welcome back, Basber!
Thanks DD,

Missed You Tooooo. Hope To See More Of You In This Thread ... This Thread Really Needs You

Regards,
Basber
Trading methods are designed to put the odds in our favor, not predicting.
  • #9,987
  • Edited 6:38am Feb 16, 2010 6:34am | Edited 6:38am
Quoting DanPa
niceeee....until this time i have +25...should i take it ( a part of it and put be) or should i stay?
I'd Took Another 1/3 Out Because Of The PB. I'll Let The Rest Run For a Free Trade.

I'll Look For Good And Reasonable Re-entries Too.

I Told You What I Did. I Believe It Will Test Atleast 1.561x

You Can Take Partial Profit Where Ever You Like, It Depends On Your Personallity And Trade Management. There Is No Rule For It. I Can't Tell You What To Do. I Can Just Tell You Possible Ways, You Should Adjust It To Your Trading And See Which One Fits You Better.

Regards,
Basber
Attached Image (click to enlarge)
Click to Enlarge Name: gu.gif Size: 32 KB
Trading methods are designed to put the odds in our favor, not predicting.
  • #9,988
  • Feb 16, 2010 6:48am Feb 16, 2010 6:48am
Quoting Basber
Pablo,

You Can't Determine Where Price "Wants" To Go. You Should Have Solid Rules For Determining The Weakest Or Strongest Pair.

But You Can Trade As You Wish. I'm Just Telling You My Opinion. Decision Is Up To You. And In The End, It's Your Money

Regards,
Basber
I need more explanation Basber because what I see is GU being the more volatile.

Does volatile mean weaker?

Thanks,

Pablo
  • #9,989
  • Feb 16, 2010 7:03am Feb 16, 2010 7:03am
UJ M15:

Price has pulled back to EP area, just above Daily main pivot.
Attached Image (click to enlarge)
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  • #9,990
  • Edited 7:11am Feb 16, 2010 7:07am | Edited 7:11am
Quoting PabloOnFX
I need more explanation Basber because what I see is GU being the more volatile.

Does volatile mean weaker?

Thanks,

Pablo
Not At All.

Between 6:00 GMT Till 8:00 GMT I'll Seek For The First Good Volume Spike Up. Then I Draw a Line (White Lines). More Price Is Below That Line, It Tells Me That It's Weaker. It's a Logical Way To Determine That Today Market For This Pair Is Weak Or Strong. (If Anyone Have Question About The Logic Behind It, I Would Like To Answer It, If I Could)

As You Can See In The Picture, When Entry Showed With SonicR, Price In GU Is Much Lower To White Line In Compare To EU.

You Can Also Realize The Weakest Or Strongest With 89EMA Too (Price Being Above Or Below It Or The Slope Of This MA). In EU, Price Is Above It And In GU, It Was Below It At The Entry Time ...

Sometimes Traders May Say "The Weak One Made It's Move, The Other One Should Catch Up", But I Experienced Just Opposite Of It.

I'm Not Saying It's Wrong To Take The EU Trade, I Just Told You What Worked For Me ...

Regards,
Basber
Attached Image(s) (click to enlarge)
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Click to Enlarge Name: gu.gif Size: 35 KB
Trading methods are designed to put the odds in our favor, not predicting.
  • #9,991
  • Feb 16, 2010 7:09am Feb 16, 2010 7:09am
+35 pips!

thank you sonicR-ers!
  • #9,992
  • Feb 16, 2010 7:15am Feb 16, 2010 7:15am
Quoting Basber
Not At All.

Between 6:00 GMT Till 8:00 GMT I'll Seek For The First Good Volume Spike Up. Then I Draw a Line (White Lines). More Price Is Below That Line, It Tells Me That It's Weaker.

Regards,
Basber
Yes, I understand now.
A picture paints a thousand words :-)

Thanks once again,
Pablo
  • #9,993
  • Feb 16, 2010 7:17am Feb 16, 2010 7:17am
Quoting PabloOnFX
Yes, I understand now.
A picture paints a thousand words :-)

Thanks once again,
Pablo
You're Quite Welcome Pablo

Regards,
Basber
Trading methods are designed to put the odds in our favor, not predicting.
  • #9,994
  • Edited 8:05pm Feb 16, 2010 6:37pm | Edited 8:05pm
Looks like we have some serious divergence going on across the board on the major EU pairs.
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Starting to see instead of just looking.
  • #9,995
  • Feb 16, 2010 6:52pm Feb 16, 2010 6:52pm
OK, anyone want to post about why the major pairs all made large moves beginning ~15:30 GMT??
  • #9,996
  • Edited 10:17pm Feb 16, 2010 10:04pm | Edited 10:17pm
Any thoughts on USD/JPY as to these 5 consecutive bar lows?
The new M5 candle is also pushing the 90.30 right now.

Yesterday. we had a similar phenomena right before the breakout.

EDIT: M5 looks even stranger, like a bar-code or something.

Looking at the S&R at the 90.30 area, I think this is about to POP!
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Starting to see instead of just looking.
  • #9,997
  • Feb 16, 2010 10:43pm Feb 16, 2010 10:43pm
The question is which scenario will prevail?

Maybe sonic, Basber, TAH or DD can answer this.
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Starting to see instead of just looking.
  • #9,998
  • Feb 16, 2010 11:47pm Feb 16, 2010 11:47pm
Ok, seeing as the big guns are not around, I will show this as I see it.

DO NOT take this as sign to trade this, this is only my opinion and this setup could quite easily go in the other direction as we still have 15 mins to go before the London open.

I am going to be watching to see if we get this wave and IF the 38.2 fibo acts as resistance.

If it does, I may enter on the break of the 50 fibo but after the retracement.

The 61.8 fibo concerns me a little and I want to see that H4 candle close low.
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Starting to see instead of just looking.
  • #9,999
  • Feb 17, 2010 12:03am Feb 17, 2010 12:03am
This is too tricky for me at this stage, so I am only going to demo this trade with a breakout Sell Stop & Buy Stop.

Buy stop: at 90.42 SL at 90.08

Sell Stop: at 90.07 SL 90.41

I will close the order that does not get hit & manage the order that gets filled accordingly.
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Starting to see instead of just looking.
  • #10,000
  • Feb 17, 2010 12:58am Feb 17, 2010 12:58am
Another triple high at 90.38.

See what I meant about this being tricky?

I am sort of hoping it will break to the downside as this seems to be more in line with the higher TF trend.


I am extremely interested in hearing how the old hands would handle this or if they would just have stood aside.
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Starting to see instead of just looking.
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