Sonic R. System

Looks good to me too, DanPa. Price is at area of previous highs, so if it fails here....... What I like about GU is the potentially H-L-LH sequence. Need to see price fall off first though...

Look @ GY..semms to go under 145.50...that will help old bear GU

Monday, April 26, 2010 5:09:28 AM
(PH) Magnitude 6.9 earthquake strikes North of Batan Islands in Philippines - USGS
- According to reports, a local tsunami is possible.

Getting lightning here in Florida. May have to shut down for a while.

Nothing on BBC about that, yet.

We're getting a have but quite rainfall in nyc, anyway, just following on the pda

tradethenews.com

ps: Few weeks ago it was launched www.mt4spreads.com and offer for those who are interested an very powerfull tool: an site who show in real time spreads from the most reliable FX brokers. Worth to check it out R!

Tradethenews.com......???? Boy, sounds like a sure fire way to.....well, maybe it should read:

"Trade the news! Its rigged. You'll lose." But then I am a firm believer that the only important thing about news is when does it come out. Content is worthless because the speculators are going to do what they have planned to do, regardless of content. If the content turns out to support the move the speculators put on, then when asked, the speculators will justify using the news. If the content turns out not to support the move the speculators put on, then when asked, the speculators will simply come up with some "other reason" for why the price moved the way it did. It is like the famous "oil double talk" used by the Thieves of Wall Street. One day the market rises. The reason given is, "....relief from high oil prices." Another day the market falls. The reason given is, "....oil has come off its highs." The speculators move prices according to their plan. They will use news to justify, or create something that will.

So, we don't give a flip for "reasons", nor do we engage in rationalizing how "such and such an event" is going to move the market. If a news/release "event" is upcoming, then knowing "when" is important, because there may be a market reaction. And that, and only that, is all that is important.

Hey T, it's an very good service, it's cheap ... you get up to date very good

morning guys,

waiting for E/Y short..
EP 125.69
SL 126.12
TP 125.16

EDIT: my TP hit

me too...

Any results from this mornings trades? I bought both chf-jpy and eur-jpy, got stopped out and entered short on both, made up my losses with a fair bit of profit. I am starting to wonder if it is not a better aproach to just take 2 trades per day max as sonic has said before, the way pairs are correlated one is actualy just trading with or against the dollar in most cases. Maybe watch all pairs and only take the 2 best looking setups per day?

What are your thoughts?

As for me, I took E/J trade which odges has posted.
Very good call odges

I was too looking at E/U short, but it was close to support, from
which it bounced back and would have taken SL.

Nice TP...level u have,,,

That is the essence of knowing S & R..

Sonic

Hi TAHome,

Been lurking here a bit and would now like to ask you if you would you mind pls posting the latest template here that you are using? U seem to have a very interesting setup which I would like to test run...also a copy of your NVO v5 would be appreciated. I havent found a use for volume in forex so far, as I am not convinced of it's value...so would like to play with the NVO indie...


tks...Richard.

sorry guys, looks like I should hve directed my request to Sonic DJ....

ok Sonic...just caught up on some reading now and went to your first post way back in the day to load up v3......and saw the NVo indie you posted there as well.....

} Richard

check it(Sonicv3) out on page 1?

Sonic

Hi Sonics
i like your system but don't know how to do the following cos i don't have IT background. Can explain in simple steps?
Thanks
lilian

1. Go get Demo MT4 version from any brokers (ODL or IBFX)= I am using IBFX demo

2. Download/unzip/Copy/Save the MQ4/EX4 file into your Crogram Files(your broker)>MetaTrader 4>experts>indicators folder= i have downloaded (i have WinRar) but don't know how to unzip and etc

3. Copy and paste the template file .tlp in Crogram Files(your broker>)MetaTrader 4>templates folder.

4. Close your MetaTrader application (assuming it’s currently open … Ignore this if the application hasn’t been launched)

5. Launch...

GU Short Trade Setup....Will it ever?:

Stalking this for the short trade setup was a bust for the first session of the week. The drive up gave me hope for a whipsaw, but it only relaxed back into consolidation at the higher area. Still this is not bad, just boring. So, I'll be watching for such a setup this session, too.

H4 shows price rejected three times at S&R area (yellow), and the more times there is failure to break thru, the stronger the S&R area is to be considered. Therefore, a break downwards is still reasonable to think on. I don't believe the price is yet out of the Bear Channel.

EU:

EU set up for some good trading the first session of the week. While GU went up and into consolidation, EU went down and up. They really have not been in sync.

But that may change. H4 shows EU price is also butting heads on S&R, like GU. And like GU, EU PA has formed a Bear Channel.

At some point, possibly later this session, they may both become Humpty Dumptys.