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Sonic R. System

  • #12,141
  • Apr 22, 2010 10:10pm Apr 22, 2010 10:10pm
Quoting Rastaman
Just checked the blurb about dbfx.

Min account size $5,000, their, min lot size is 100k.
I don't mind the account size but the 100k is crazy.

Mini Forex Trading:No Minimum Account Size:$5,000 Minimum Trade Size:1 lot (100k)


I can just see punters trading 100k on a $5,000 account and blowing their accounts.
R, on dbfx you can play with 1 mini (10k) .... but is true, minimum account for start is 5000 usd or euro! but hey..we trade for living here.... hehe
  • #12,142
  • Apr 22, 2010 11:47pm Apr 22, 2010 11:47pm
EP 143.15
SL 143.80
TP1 142.50
TP2 142.00

(pre london, a little bit scared, but..)
Attached Image (click to enlarge)
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  • #12,143
  • Apr 23, 2010 12:07am Apr 23, 2010 12:07am
Quoting traderathome
EU:

What is true of GU is of EU also.....some drives down followed by increased trading at the lows, spelling out that the speculators driving the price down to build a position must believe price will be moved higher later. Warning: Speculation!

Dear Traderathome,

I'm a newbie but very intereted in this system, could you tell me how could I get the indicators which you used in your pictures, thanks in advance for your help.
  • #12,144
  • Apr 23, 2010 12:12am Apr 23, 2010 12:12am
ep 5317 & 5353
sl 5390
tp1 5300
tp2 5250
Attached Image (click to enlarge)
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  • #12,145
  • Edited 12:48am Apr 23, 2010 12:34am | Edited 12:48am
GU Long


Just ignore all the fibos, it is something I am working on and only really has meaning for me. Still, this along with the wave is how I based this trade and chose the TP.

Maybe it will work maybe it will not.

Edit: Revised the SL.


H4 looks like we have an upwards channel and we just bounced off the support.
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Starting to see instead of just looking.
  • #12,146
  • Apr 23, 2010 6:09am Apr 23, 2010 6:09am
Quoting Rastaman
GU Long


Just ignore all the fibos, it is something I am working on and only really has meaning for me. Still, this along with the wave is how I based this trade and chose the TP.

Maybe it will work maybe it will not.

Edit: Revised the SL.


H4 looks like we have an upwards channel and we just bounced off the support.
Not a good position...as of now...
Let it hit..if it want to,, there will be another day..


Sonic
  • #12,147
  • Apr 23, 2010 6:29am Apr 23, 2010 6:29am
Took HALF OFF from everything!!!
+15 +48 +76 = 139 pips

I took out SL because of news, because of friday, ...because i am crazy!!!!!

But fortunately, worked out!!! SL be even until the end of the day, then i'll go flat!

I can tell you i was eating BRICK at some point but...i am more concerned about the moment i'll go to toilet now!!!

Have an nice weekend , see you monday!
Attached Image (click to enlarge)
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  • #12,148
  • Apr 23, 2010 6:48am Apr 23, 2010 6:48am
[quote=DanPa;3666012]
......... SL be even until the end of the day, then i'll go flat!

DanPa
this is what I see on my 4hr chart....

1. Fib 61.8% Support
2. 1.5300 Significant number
3. Major S&R Line

Pablo
Attached Image (click to enlarge)
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  • #12,149
  • Apr 23, 2010 7:09am Apr 23, 2010 7:09am
[quote=PabloOnFX;3666067]
Quoting DanPa
......... SL be even until the end of the day, then i'll go flat!

DanPa
this is what I see on my 4hr chart....

1. Fib 61.8% Support
2. 1.5300 Significant number
3. Major S&R Line

Pablo

RIGHT Pablo...on second thought .... with -65 pips GY..i took out ALL GU for +140 pips!

See you Monday!
  • #12,150
  • Apr 23, 2010 8:00am Apr 23, 2010 8:00am
Quoting PabloOnFX
...


this is what I see on my 4hr chart....

1. Fib 61.8% Support
2. 1.5300 Significant number
3. Major S&R Line

Pablo
I am very impressed by your consistency, Pablo. Very early on you settled on what you find to be significant S/R (61.8 fib, round figures, TL's), and you do not deviate from it. New Sonikers can learn much from your example.

Good share!

You've been vouched!
  • #12,151
  • Apr 23, 2010 8:09am Apr 23, 2010 8:09am
Quoting ddaytrader
I am very impressed by your consistency, Pablo. Very early on you settled on what you find to be significant S/R (61.8 fib, round figures, TL's), and you do not deviate from it. New Sonikers can learn much from your example.

Good share!

You've been vouched!
You teach well oh Master!

Thank-you DD, its appreciated.

Pablo
  • #12,152
  • Apr 23, 2010 8:40am Apr 23, 2010 8:40am
Quoting PabloOnFX
You teach well oh Master!

Thank-you DD, its appreciated.

Pablo

Congratulation PAbloFx!!!
  • #12,153
  • Apr 23, 2010 9:30am Apr 23, 2010 9:30am
Hey Guys, as this week-end i'll go to Germany , i was searching for an nice place to eat an good schnitzel and to drink an german beer.
Look what i got!
Definately have to go there !

Cheers,
DanPa
  • #12,154
  • Apr 23, 2010 9:42am Apr 23, 2010 9:42am
Quoting DanPa
Hey Guys, as this week-end i'll go to Germany , i was searching for an nice place to eat an good schnitzel and to drink an german beer.
Look what i got!
Definately have to go there !

Cheers,
DanPa
Oh my, Supersized Schnitzel... that's looking huge!
I think traveling is the best way to experience that we are all the same,
yet still different. Have a safe journey man, enjoy!
cut losses short, let profits run.
  • #12,155
  • Apr 23, 2010 9:45am Apr 23, 2010 9:45am
M, W, D Charts:

I encourage Sonickers to scan these charts on their favorite pair(s). Do have the Dragon and the Trend (89 ema) showing! I did this for EJ, EU and GU in preparation for gearing up for next week. Here is what I find....

On all three pairs, on all three TFs they are in a down trend (except EU on Monthly, but even that is "rolling over" on the M chart). As you look at these charts, view them each as though they were M15 charts....what would your oultlook be for price movement? Down?

Since thees TFs are large compared to our trading TF, the M15, and since PA typically oscillates, there will naturally be tradeable moves in both directions as PA follows the trend. But it is good to know the trend, and safer when your trade is with the trend.

......just some maybe helpful thoughts for Sonikers in preparation for next week.

Attached are the charts for GU (EJ charts are very similar).
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  • #12,156
  • Apr 23, 2010 10:01am Apr 23, 2010 10:01am
Quoting traderathome
M, W, D Charts:

I encourage Sonickers to scan these charts on their favorite pair(s). Do have the Dragon and the Trend (89 ema) showing! I did this for EJ, EU and GU in preparation for gearing up for next week. Here is what I find....

On all three pairs, on all three TFs they are in a down trend (except EU on Monthly, but even that is "rolling over" on the M chart). As you look at these charts, view them each as though they were M15 charts....what would your oultlook be for price movement? Down?

Since thees TFs are large compared to our...
Thank you T!!
  • #12,157
  • Apr 23, 2010 10:08am Apr 23, 2010 10:08am
[quote=PabloOnFX;3666067]
Quoting DanPa
......... SL be even until the end of the day, then i'll go flat!

DanPa
this is what I see on my 4hr chart....

1. Fib 61.8% Support
2. 1.5300 Significant number
3. Major S&R Line

Pablo
Yep, good one pablo

And throw a 150 EMA on it and you have further confluence.
Starting to see instead of just looking.
  • #12,158
  • Apr 23, 2010 10:21am Apr 23, 2010 10:21am
[quote=Rastaman;3666939]
Quoting PabloOnFX

Yep, good one pablo

And throw a 150 EMA on it and you have further confluence.
R,

have a play with the 200 ema.
Note how it acts as a dynamic S&R.

Have a good weekend.

Pablo
  • #12,159
  • Apr 25, 2010 11:29am Apr 25, 2010 11:29am
Latest news for Euro Zone..
  • #12,160
  • Apr 25, 2010 4:06pm Apr 25, 2010 4:06pm
EU:

H4 chart shows a bearish candle. Therefore, possibly a short trade setup will occur today. M15 shows this was gapped down at the open of the new week, but not by so much as to be meaningful. Likely the gap will fill and then later the short trade setup.

My guess is that in all likelyhood the gap down was nothing more than price manipulation....to create a low price so some outfit could go long, knowing that others will drive the price higher again in preparations for taking on shorts for the later run down. They will close their longs when the price is driven back up, for a 40-50 pip gain on their manipulation. So, whats new! Warinig: Speculation!

Anyway, I see this as possibly yielding a SonicR short setup later today, but as Sonic says, "Let the market decide."
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