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Sonic R. System

  • #10,101
  • Feb 18, 2010 8:47am Feb 18, 2010 8:47am
Quoting pipoca
Close Short UJ at BE, Congrats DanPa u could take some pips on this trade

17 pips..@ 90%..then stepped out BE.

thank you SonicR-ers!
  • #10,102
  • Edited 9:30am Feb 18, 2010 8:54am | Edited 9:30am
On UC short took TP with half position at 1.0424 +20 pips

next TP at 1.0390 and SL at BE. free trade now

Edit : chart of the trade

EP 1.0444
SL 1.0473
TP 1.0424
TP 1.0390
Attached Image (click to enlarge)
Click to Enlarge Name: uc short tp1 & be.gif Size: 56 KB
  • #10,103
  • Feb 18, 2010 8:57am Feb 18, 2010 8:57am
new soonikers should post with the pics and setups live or demo ...and where is the sonic and its setups pics !!!
FxHome
  • #10,104
  • Feb 18, 2010 9:34am Feb 18, 2010 9:34am
UC Short Closed at BE for half position and +20 pip for second half.
Finish for the day. Thanks Sonikers
Attached Image (click to enlarge)
Click to Enlarge Name: uc short close be.gif Size: 54 KB
  • #10,105
  • Feb 18, 2010 10:54am Feb 18, 2010 10:54am
Quoting traderathome
GU (and EU):

Last session for these sort of knocked the stuffing out of the bull. Looking at GU, there is always the chance that between the first run after LO and when the US gang cranks it up, there will be a sort of "reset". For GU this means that when this little drop ends, PA could pullup, or "reset" before completion of any more downside. What I refer to as "resetting" gives the traders coming in later, that missed the first move, a chance to do it themselves. And either they will "pump it up" to "reset" it, or the current traders...
Well "reset it" they did! But first they kept on the drive to the bottom. Boy, but when they went to reset it, it only took two TFs! And where did it go afterwards? Yep, right back towards the bottom! Gotta love it.
Attached Image (click to enlarge)
Click to Enlarge Name: # 170.gif Size: 32 KB
  • #10,106
  • Feb 18, 2010 11:33am Feb 18, 2010 11:33am
EJ:

DanPa was asking earlier about some truth on EJ (about entry - see Basber pic). How about some Big Picture "truth".......

It could happen. As a Weekly chart, it also could take awhile. But if Dollar goes to strength against euro, then UJ goes up and EJ goes down.
Attached Image(s) (click to enlarge)
Click to Enlarge Name: ej basber.gif Size: 31 KB
Click to Enlarge Name: # 171.gif Size: 23 KB
  • #10,107
  • Feb 18, 2010 11:33am Feb 18, 2010 11:33am
Quoting traderathome
Well "reset it" they did! But first they kept on the drive to the bottom. Boy, but when they went to reset it, it only took two TFs! And where did it go afterwards? Yep, right back towards the bottom! Gotta love it.

(( really really like your charts and comments ))
  • #10,108
  • Feb 18, 2010 11:40am Feb 18, 2010 11:40am
Hi, Basber. You must be happy all is over with, for the time being. Now is not the time to recriminate yourself over performance, but to take stock of where you are and what to do next. And to take a breather!

Say, if you are a fan of the FE tool, please let me know. I have something I wish to discuss with anyone who understands it well, and uses it successfully.
  • #10,109
  • Feb 18, 2010 11:56am Feb 18, 2010 11:56am
What do you think guys about that??..it is just incredible for me...unbelievable!!
Attached Image (click to enlarge)
Click to Enlarge Name: sonic dj ey short.jpg Size: 42 KB
  • #10,110
  • Feb 18, 2010 12:20pm Feb 18, 2010 12:20pm
Quoting DanPa
What do you think guys about that??..it is just incredible for me...unbelievable!!
There was a big drop on the pairs back then (see weekly charts). And there may be more to come......EJ Cup and Handle, GU Double Top.....etc.
Attached Image(s) (click to enlarge)
Click to Enlarge Name: # 171.gif Size: 23 KB
Click to Enlarge Name: # 172.gif Size: 25 KB
  • #10,111
  • Feb 18, 2010 12:36pm Feb 18, 2010 12:36pm
I am prepared for this setup ...
Attached Image (click to enlarge)
Click to Enlarge Name: gy2 q2.gif Size: 42 KB
  • #10,112
  • Feb 18, 2010 1:04pm Feb 18, 2010 1:04pm
Quoting traderathome
Hi, Basber. You must be happy all is over with, for the time being. Now is not the time to recriminate yourself over performance, but to take stock of where you are and what to do next. And to take a breather!

Say, if you are a fan of the FE tool, please let me know. I have something I wish to discuss with anyone who understands it well, and uses it successfully.

Hi TAH,

Thanks For Your Nice Words ... I'm Happy That It's All Over

I'm Working With FE For 6 Months To Recognize Good TP Levels. I'll Be Happy To Discuss Things With You And Learn From You

P.S. : By The Way, I'd Learnt From You How To Read Volume Indicator. A Very Useful Information. I Owe You Big Time ...

Regards,
Basber
Trading methods are designed to put the odds in our favor, not predicting.
  • #10,113
  • Feb 18, 2010 1:12pm Feb 18, 2010 1:12pm
Quoting Basber
Hi TAH,

Thanks For Your Nice Words ... I'm Happy That It's All Over

I'm Working With FE For 6 Months To Recognize Good TP Levels. I'll Be Happy To Discuss Things With You And Learn From You

P.S. : By The Way, I'd Learnt From You How To Read Volume Indicator. A Very Useful Information. I Owe You Big Time ...

Regards,
Basber
Ok, then check your PM. I don't want to clutter the thread with this.
  • #10,114
  • Edited 8:02pm Feb 18, 2010 7:45pm | Edited 8:02pm
Morning folks.

Basber, How does your exam seem in the light of day, perhaps a little better?

Anyway, it is over now and you seem happy about that.


Just got up and am looking at the UJ, looks like a double fake out.

I am glad I decided to not take that short.

Basber, maybe the volume reading conveyed more information about this fake out?

It is interesting that on H4 the wave made a clear High, Low HH & HL before taking off, also No candle actually closed below the dragon.
Attached Image(s) (click to enlarge)
Click to Enlarge Name: pic.jpg Size: 148 KB
Click to Enlarge Name: pic4.jpg Size: 140 KB
Starting to see instead of just looking.
  • #10,115
  • Feb 19, 2010 1:09am Feb 19, 2010 1:09am
hi, I see some lows on EY..
Attached Image (click to enlarge)
Click to Enlarge Name: 1.jpg Size: 128 KB
Patience is the key.
  • #10,116
  • Feb 19, 2010 2:27am Feb 19, 2010 2:27am
Good Morning Sonikers !

I think to Short EU
Attached Image (click to enlarge)
Click to Enlarge Name: eu order.gif Size: 40 KB
  • #10,117
  • Feb 19, 2010 2:45am Feb 19, 2010 2:45am
Quoting Rastaman
Morning folks.

Basber, How does your exam seem in the light of day, perhaps a little better?

Anyway, it is over now and you seem happy about that.


Just got up and am looking at the UJ, looks like a double fake out.

I am glad I decided to not take that short.

Basber, maybe the volume reading conveyed more information about this fake out?

It is interesting that on H4 the wave made a clear High, Low HH & HL before taking off, also No candle actually closed below the dragon.
Hi RM,

I Didn't Took That Trade For Two Reasons :
1) I Didn't Feel Comfortable About Price Movement Yesterday, With All Pairs, So I Decided To Be More Conservative.

2) I Did Place a Sell Setop Order, But After What Happen In Red Circle, I Canceled It ... I Like To See The Last Wave, Which May Result In an Entry, Without Retrace ...

But Anyway, If Someone Took That Trade, It's Was Not That Bad, SL Would've Been Hit. It May Considered a Losing Trade.

About The Volume Indi ... I Like To See The Move ""AFTER"" Volume Spikes Up ... If I Happens During The Volume Spike Up, I Rather To Stay Out, Like What Is Happening Now In GU. (Second Picture)

Regards,
Basber
Attached Image(s) (click to enlarge)
Click to Enlarge Name: uj.gif Size: 26 KB
Click to Enlarge Name: gu.gif Size: 29 KB
Trading methods are designed to put the odds in our favor, not predicting.
  • #10,118
  • Edited 3:19am Feb 19, 2010 3:07am | Edited 3:19am
EU and GU:

H4 charts (not shown) are down trend for both. But GU is more extreme. This is seen also on the attached M15 charts. GU has not yet put the brakes to the fall and had time to consolidate before another move. But EU has. So EU is likely to provide the next trade, not GU.
Attached Image(s) (click to enlarge)
Click to Enlarge Name: # 173.gif Size: 25 KB
Click to Enlarge Name: # 174.gif Size: 24 KB
  • #10,119
  • Feb 19, 2010 3:13am Feb 19, 2010 3:13am
I am long now on EU, (nice post Basber TAH thx for sharing)

EP 1.3502
SL 1.3453
TP 1.3542
TP 1.3600

I took the trade without retrace because of nice range pre-market
Attached Image (click to enlarge)
Click to Enlarge Name: eu long order.gif Size: 37 KB
  • #10,120
  • Feb 19, 2010 3:22am Feb 19, 2010 3:22am
Quoting pipoca
I am long now on EU, (nice post Basber TAH thx for sharing)

EP 1.3502
SL 1.3453
TP 1.3542
TP 1.3600

I took the trade without retrace because of nice range pre-market
Be careful. The trend is down.
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