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Sonic R. System

  • #10,541
  • Mar 5, 2010 12:14am Mar 5, 2010 12:14am
Quoting traderathome
PA reached FE 127% level and I closed trade.....again for small profit.

Be happy man a Profit still beeing a profit
I'm still learning but i have small looses I wish to win soon
  • #10,542
  • Mar 5, 2010 12:31am Mar 5, 2010 12:31am
Quoting ravin
Regarding my setup of EURUSD was it a n early entry as Rasta suggested
Does the wave analysis shud pierce in to the tunnel dragon and pull back before heading up...
For buy, we usually wait for a 'High' candle goes above the dragon , pullback and make a confirmed L-H-LH wave .. some enter with CCI .. i usually enter 10 pips above the 'High'.

Example on GU :

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  • #10,543
  • Edited 12:49am Mar 5, 2010 12:48am | Edited 12:49am
Quoting LittleTrader
For buy, we usually wait for a 'High' candle goes above the dragon , pullback and make a confirmed L-H-LH wave .. some enter with CCI .. i usually enter 10 pips above the 'High'.

Example on GU :

Attachment


Thanks My trade at the moment is in red and another 15 mts to UK ses. My SL is yesterdays low 3550 so i kept it 3545 Guess i learned a lesson to wait a bit longer.
Thanks Guys
  • #10,544
  • Mar 5, 2010 12:51am Mar 5, 2010 12:51am
Ravin

I know it can be hard sometimes to get your mind around the waves, but as TAH has said many times before, it is best to look at a series of candles making waves rather than a couple of candles making a high.

Look what EU did yesterday, today we only have an old low and the minor high with as of yet, no new low or high.

Hope this helps
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Starting to see instead of just looking.
  • #10,545
  • Mar 5, 2010 1:15am Mar 5, 2010 1:15am
I am personally looking at EU more like this, if it breaks the gray line, I am in.

I am not making any recommendations, just explaining how I am looking at it.
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Starting to see instead of just looking.
  • #10,546
  • Edited 1:31am Mar 5, 2010 1:20am | Edited 1:31am
EU : I drawed a bear flag, it is broken now and a Sonic setup could be validated

EDIT : 4H , EU recapture of the channel
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  • #10,547
  • Mar 5, 2010 1:45am Mar 5, 2010 1:45am
Looks like we have a strong confluence of the 50 & 23.6 fibo acting as a cap on price right now. Perhaps the path of least resistance is going to be down.

That said, there is a heavy area of resistance at the 1.3550 and just below it at 1.3536

EDIT: H4 is ranging and I am keeping my eye on that large hammer nose, for resistance.
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Starting to see instead of just looking.
  • #10,548
  • Mar 5, 2010 1:59am Mar 5, 2010 1:59am
It is Friday and this could even go the other direction.

Anything is possible.
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Starting to see instead of just looking.
  • #10,549
  • Mar 5, 2010 2:07am Mar 5, 2010 2:07am
GU double bottomed ?
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  • #10,550
  • Edited 7:22am Mar 5, 2010 2:42am | Edited 7:22am
The upper and lower tunnel lines are moving in the opposite direction.

It is Friday and nearly two hours after the LO, not much going down.

I am out of it for the week rather than getting into a trade I wished I was out of.
Starting to see instead of just looking.
  • #10,551
  • Edited 6:41am Mar 5, 2010 6:09am | Edited 6:41am
GU:

Current builiding candle. May be moving for EP breakout.

Edit: NFP morning. Probably nothing until then (new chart).
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  • #10,552
  • Mar 5, 2010 7:25am Mar 5, 2010 7:25am
Waiting fot NFP...the period on forex (like women*s period)
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  • #10,553
  • Mar 5, 2010 8:04am Mar 5, 2010 8:04am
Crazy....What do you think of this T?
Pump before the dump?
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Starting to see instead of just looking.
  • #10,554
  • Edited 8:31am Mar 5, 2010 8:13am | Edited 8:31am
Quoting Rastaman
Crazy....What do you think of this T?
Pump before the dump?
Short term, maybe. But I think also the pair may be showing its true colors. Don't forget the previous mention here on the thread of the possibility this may form an inverted Head & Shoulders (see attached DAY chart for current picture of that). This has had two unusually quick and sizeable moves in two days. One yesterday....BERORE NFP! It is as though the Big Dogs knew they had previously taken it too low for the upcoming NFP data, so they divided the distance they knew they would need for the correction, and did half yesterday and saved the other have for today, after the NFP release (second chart). By splitting it up, they gave themsleves extra time to "position" themselves to take advantage of the moves.

The same is with EJ. I wish I had "kept the faith" just a bit longer!
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  • #10,555
  • Mar 5, 2010 8:31am Mar 5, 2010 8:31am
Quoting traderathome
Short term, maybe. But I think also the pair may be showing its true colors. Don't forget the previous mention here on the thread of the possibility this may form an inverted Head & Shoulders (see attached DAY chart for current picture of that). This has had two unusually quick and sizeable moves in two days. One yesterday....BERORE NFP! It is as though the Big Dogs knew they had previously taken it too low for the upcoming NFP data, so they divided the distance they knew they would need for the correction, and did half yesterday and saved the other...
Yeah, I was thinking the same thing but with the negative news, I think they are now going to pump it half way back down.

Just a thought.
Starting to see instead of just looking.
  • #10,556
  • Mar 5, 2010 8:42am Mar 5, 2010 8:42am
GU:

H1 candles continue to have nice lower wick lengths extending down to "support" area. So this still seems a bit bullish.

M15 shows that after the NFP release "whip" down, there continues to be some consolidation going on in the lower half of todays current trading range. This might be a bullish sign, too. Espcially if the whip down was to "relieve" others of their long positions! And now the Big Dogs are keeping it down to encourage other longs to give up too? (Warning: Speculation!)
There is still lots of time today for another run. But which way? The chart is set up based on a breakout long. But it could go the other way. Or, it could just die down and go flat for the rest of the day.

SonicR - Let the market decide.
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  • #10,557
  • Mar 5, 2010 9:36am Mar 5, 2010 9:36am
GU:

The M15 chart shows the height of the current range duplicated above, but subdivided in halves. A breakout of current range should carry PA to the half-way mark above. Perhaps after a pullback, then on to the top line. This could all be multi-day progress into next week.

PA has just broken up thru the conservatively placed EP.....
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  • #10,558
  • Mar 5, 2010 9:44am Mar 5, 2010 9:44am
ep 1.5050
SL ...now is at 1.5060 ( +10pips)
TP1 5078 ( already take half of lots here for +23 pips )
TP2 1.5135

thank you sonicr!!!!!!
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  • #10,559
  • Mar 5, 2010 9:49am Mar 5, 2010 9:49am
Quoting DanPa
ep 1.5050
SL ...now is at 1.5060 ( +10pips)
TP1 5078 ( already take half of lots here for +23 pips )
TP2 1.5135

thank you sonicr!!!!!!
DanPa, why does your order line on the chart show "sell"?
  • #10,560
  • Mar 5, 2010 10:13am Mar 5, 2010 10:13am
Quoting traderathome
A couple of posts back I mentioned how dollar strengthened against yen, how euro strengthened against dollar, but strangely how the euro did not strengthen against yen.......very strange indeed! Now, looking at current trading activity.....sizeable, but with price, again strangely, not moving much, it makes me think one thing.....

EJ is going to TAKE OFF UPWARDS! That is my speculation on it, and for the reasons stated.

Anyway, I am waiting to see if we get a breakout on this SonicR Long setup.
And so, now we know the REST OF THE STORY!
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