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Sonic R. System

  • #10,141
  • Feb 19, 2010 11:13am Feb 19, 2010 11:13am
Between 2 beers..i found this..


I dont know if SonicR is applicable on higher TF, because i see that here -on H4- might be something interesting.

Any comments...?

Have an nice week-end all !

Regards,
DanPa
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  • #10,142
  • Feb 19, 2010 5:18pm Feb 19, 2010 5:18pm
Quoting DanPa
on short cad/yen..

-31 pips sl hits...but on my platform i didnt see 87.500 touched....
Hi DP,

I Usually Don't Trade On Friday Noons (US Session) Because Of Two Reasons :

1) Lack Of Liquidity Most Of The Times, So Smaller Institudes Could Move Price Easily ... (Smaller Compared To Big Guns !)

2) I've Seen Many Crazy Moves On This Session, Because Many Traders Wish Not To Hold Their Trades On Weekends, So Closing Position In Either Way, May Cause Unpredictable Price Movements.

But Afterall, It Was a Good Looking Entry ... Too Bad Happened On Friday. It May Have Worked Better On Others Trading Days ...

Regards,
Basber
Trading methods are designed to put the odds in our favor, not predicting.
  • #10,143
  • Feb 19, 2010 9:51pm Feb 19, 2010 9:51pm
Quoting DanPa
Never heard about it!

I prefer Heineken...

Heineken!

That's not beer, it is fizzy juice.

The beer I recomended is what they call a "True Ale" and is in the Ale hall of fame. It is one of the best bottled British Ales, comparing Heineken to that is like comparing a Tchaikovsky to the sex pistols.

Hey, I like them both but they are in a different class.
Starting to see instead of just looking.
  • #10,144
  • Feb 20, 2010 4:56pm Feb 20, 2010 4:56pm
Noo, The best beer is called "Success"
It does not have any alcohol, but boy it rushes your mind and soul!
cut losses short, let profits run.
  • #10,145
  • Feb 20, 2010 10:36pm Feb 20, 2010 10:36pm
Quoting Domas4
Noo, The best beer is called "Success"
It does not have any alcohol, but boy it rushes your mind and soul!
And can also rush one into complacency.

On a Friday evening the alcoholic type is a much better prescription.
Starting to see instead of just looking.
  • #10,146
  • Feb 21, 2010 2:42am Feb 21, 2010 2:42am
I find that he force of EU slide has softened..
But last week has a new low..
Be cautious as next week gonna be a nice battle between bull and bear..

http://i48.tinypic.com/2itj81t.gif

Sonic
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  • #10,147
  • Feb 21, 2010 6:26am Feb 21, 2010 6:26am
Quoting Rastaman
And can also rush one into complacency.

On a Friday evening the alcoholic type is a much better prescription.
Good for you I don't drink, because I can't put neither stop loss nor take profit on my limits when I drink :/
The only things I am allowing to enjoy myself as stimulants are coffee and sometimes tobacco tea. That's it.
cut losses short, let profits run.
  • #10,148
  • Feb 21, 2010 6:58am Feb 21, 2010 6:58am
Quoting Domas4
Good for you I don't drink, because I can't put neither stop loss nor take profit on my limits when I drink :/
The only things I am allowing to enjoy myself as stimulants are coffee and sometimes tobacco tea. That's it.

Domas, the thing here is, we were talking about Friday evening trading when there is not much time left of the NY session before the market closes.

It was a suggestion to not trade but just chill out with a brew and enjoy the benefits of weeks trading, rather than make risky trades with dwindling volume.

That is all.

Yeah, I never trade when I am drinking, not a good combination as, one can sort of go, Hey, that next candle can go another 50 pips, then you end up 50 pips in the red. A beer or whatever your thing is, is in MHO a better bet.
Starting to see instead of just looking.
  • #10,149
  • Edited 4:05pm Feb 21, 2010 2:16pm | Edited 4:05pm
Sonikers, there is an upgrade to the TzPivots indicators.....version 3.5. They are posted here in both (Black) and (White) versions:

http://www.forexfactory.com/showpost...ostcount=17863
  • #10,150
  • Feb 21, 2010 10:37pm Feb 21, 2010 10:37pm
Anyone else looking at USD/JPY for a possible short setup at the LO?
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Starting to see instead of just looking.
  • #10,151
  • Feb 21, 2010 11:46pm Feb 21, 2010 11:46pm
Quoting Rastaman
Anyone else looking at USD/JPY for a possible short setup at the LO?
UJ:

Actually, Rastaman, this might turn to a long trade setup. Today, most of the time has been spent at the lows. The two strongest candles were bull candles. The time spent at the lows could be consolidation/preparations for a run up. The two bull candles may have been actual buying sprees that forced the price up. We just have to wait and see which way it breaks, and what the break looks like.
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  • #10,152
  • Feb 22, 2010 12:25am Feb 22, 2010 12:25am
Quoting Domas4
Noo, The best beer is called "Success"
It does not have any alcohol, but boy it rushes your mind and soul!

If i have to call a beer *best beer* for me, it is the one i had drank in Dominican Republic, PRESIDENT!!!!
  • #10,153
  • Feb 22, 2010 12:33am Feb 22, 2010 12:33am
Quoting Basber
Hi DP,

I Usually Don't Trade On Friday Noons (US Session) Because Of Two Reasons :

1) Lack Of Liquidity Most Of The Times, So Smaller Institudes Could Move Price Easily ... (Smaller Compared To Big Guns !)

2) I've Seen Many Crazy Moves On This Session, Because Many Traders Wish Not To Hold Their Trades On Weekends, So Closing Position In Either Way, May Cause Unpredictable Price Movements.

But Afterall, It Was a Good Looking Entry ... Too Bad Happened On Friday. It May Have Worked Better On Others Trading Days ...

Regards,
Basber

Thank you Basber, another lesson for me!
  • #10,154
  • Feb 22, 2010 1:53am Feb 22, 2010 1:53am
UJ:

Looking at the H4 chart it is easy to see that the high trading since the last low has been at the higher lows and pushing the price up. As yet, there is no high trading at the highs stopping the run. Until there is high volume at relative highs, this may not be finished being pushed up. This is all easier to see on Interbankfx MT4 than on FXDD MT4.

On M15 the last three spikes in trades are again at the relative lows. This does not mean the price cannot be taken down, but it is consistent with the lack of high volume at highs.....the final selloff that may truely turn it down.

I am waiting to see what happens after LO. A drop in price now may not constitute a run, but only a maneuver to a lower price to prepare for a real run up after LO.

This is just speculation. We trade what we see.
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  • #10,155
  • Feb 22, 2010 1:56am Feb 22, 2010 1:56am
UY short @91.55
SL 91.72
TP 91.22
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  • #10,156
  • Feb 22, 2010 2:05am Feb 22, 2010 2:05am
[quote=traderathome;3485669]UJ:

Actually, Rastaman, this might turn to a long trade setup. Today, most of the time has been spent at the lows. The two strongest candles were bull candles. The time spent at the lows could be consolidation/preparations for a run up. The two bull candles may have been actual buying sprees that forced the price up. We just have to wait and see which way it breaks, and what the break looks like.[/quote


Yes, T

I am starting to see it that way also after seeing the H4 being in an uptrend on USD/JPY. Looks like it is about to test the 23.6 fibo on H4. Also a Bearish hammer just closed on H4 but it is not that convincing. Maybe that is way the wave is also sort of not convincing.

Just looking at GBP/USD and I am decidedly Bearish.
It is going to have to look convincing at the daily pivot though, what do you think?

Ranging a bit on M15.
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Starting to see instead of just looking.
  • #10,157
  • Feb 22, 2010 2:44am Feb 22, 2010 2:44am
WTF.........!%$%$@%^@%$@!

I was just about to pull the trigger short on my live account on GBP/USD when this happens!

Now, I am totally demoralized, a broken man.


%%%@%$%^%@$+_$$(#_*($_(*_@*_#*_@$*_*@$_*$

Think I am going to drink a full bottle of wine, strip naked & run around the neighborhood with & black hood and wellingtons on! Either that or run around the neighborhood with a burning paper bag on my head, till they catch me and put me in the nice padded cell.
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Starting to see instead of just looking.
  • #10,158
  • Feb 22, 2010 2:53am Feb 22, 2010 2:53am
Actually, maybe I should hold off with the burning paper bag sketch for a while as, I think this may come around again.

Also, price did not break the low of the last wave below the dragon so, it was not a false signal, at all.

Phew.....
Starting to see instead of just looking.
  • #10,159
  • Feb 22, 2010 3:03am Feb 22, 2010 3:03am
Quoting DanPa
UY short @91.55
SL 91.72
TP 91.22

Because it is Monday, i took 90% of lots for 9 pips...i have now only 10% left on market...
  • #10,160
  • Feb 22, 2010 3:08am Feb 22, 2010 3:08am
Quoting DanPa
Because it is Monday, i took 90% of lots for 9 pips...i have now only 10% left on market...

How many trades have you made today?
Starting to see instead of just looking.
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