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Sonic R. System

  • #24,261
  • Edited 6:20am Aug 2, 2011 5:30am | Edited 6:20am
Quoting traderathome
EU:

Re-entry short.
Vol?????

Sonic
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  • #24,262
  • Edited 6:33am Aug 2, 2011 6:17am | Edited 6:33am
Quoting sonicdeejay
Vol?????

Sonic
Sonic, I don't understand your question....."Vol?????". I traded PA down from heights yesterday and closed the trade about two S&R levels above the area I reopened the trade as a re-entry. I re-entered because it looked like it was setting up for more downside, which I see has become constricting ranging instead.

If you are referring to my not having the volume study on the chart....
1. trying to appease ddaytrader
2. trying to not excite myself into Scout trades


Actually, I have it off to keep myself focused on just PA, S&R and the Dragon while beginning my SonicR trading and phasing out the experiment trades.
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  • #24,263
  • Aug 2, 2011 6:26am Aug 2, 2011 6:26am
Quoting traderathome
If you are referring to my not having the volume study on the chart....
1. trying to appease ddaytrader
2. trying to not excite myself into Scout trades


Actually, I have it off to keep myself focused on just PA, S&R and the Dragon while beginning my SonicR trading and phasing out the experiment trades.
Agree...


Sonic
  • #24,264
  • Aug 2, 2011 6:43am Aug 2, 2011 6:43am
Quoting traderathome
... trying to appease ddaytrader...
Actually, I have it off to keep myself focused on just PA, S&R and the Dragon while beginning my SonicR trading and phasing out the experiment trades.
Don't do it for me, TAH, do it for yourself!
  • #24,265
  • Aug 2, 2011 6:46am Aug 2, 2011 6:46am
Quoting ddaytrader
Don't do it for me, TAH, do it for yourself!
Nope! ....doin it fer youz! Now your obligated! .....and I get cut some slack.
  • #24,266
  • Aug 2, 2011 6:48am Aug 2, 2011 6:48am
Quoting traderathome
...and I get cut some slack.
I'll cut you some, but not enough to hang yourself with
  • #24,267
  • Aug 2, 2011 7:05am Aug 2, 2011 7:05am
UChf:

Doen't this look like it has been under accumulation? ....like those that could, knocked the price down starting the London session, and have been at work accumulating ever since, with the .07800 whole number area (orange) as their upper limit for buy orders? Stocking up for an expected good run upwards, is what it looks like.

I entered long earlier, and added to it during the Frankfurt open takedown. I was tempted to add again during the London open takedown, but decided not to start that stuff again. Maybe the US Senate approval of the debt ceiling bill is going to be the trigger for this (and others, too).
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  • #24,268
  • Aug 2, 2011 7:06am Aug 2, 2011 7:06am
Late to short..early to Long for me,,,
If I were to Long..Proper SC will be nice..


Sonic
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  • #24,269
  • Edited 7:28am Aug 2, 2011 7:17am | Edited 7:28am
Quoting sonicdeejay
Late to short..early to Long for me,,,
If I were to Long..Proper SC will be nice..


Sonic
I don't understand your thinking on this, Sonic. You suggest if considering going long, to wait for a SonicS (Scout) opportunity. Would it not be better, since PA is already down onto S&R, to wait for a pure SonicR long opportunity? It seems, since PA is low now, that the Scout opportunity to look for would be a spike up, if and only if considering going short in the absence of any SonicR setup either way. What am I missing in your thinking?
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  • #24,270
  • Aug 2, 2011 7:21am Aug 2, 2011 7:21am
Quoting traderathome
UCad:

Long.
UCad:

TP1 reached. Trade closed.
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  • #24,271
  • Aug 2, 2011 7:47am Aug 2, 2011 7:47am
Quoting sonicdeejay
Late to short..early to Long for me,,,
If I were to Long..Proper SC will be nice..

http://www.forexfactory.com/attachme...1&d=1312286747

Sonic


Chilling..
Nice higher low with be nice..

Sonic
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  • #24,272
  • Aug 2, 2011 8:00am Aug 2, 2011 8:00am
Hi Sonic

Just a quick query does the candle has to close outside of the dragon tunnel or a candle close above the tunnel would become a trigger candle to go long a few pips above it? thanks in advance for the reply

Quoting sonicdeejay


Chilling..
Nice higher low with be nice..

Sonic
Raza
  • #24,273
  • Edited 8:37am Aug 2, 2011 8:03am | Edited 8:37am
Nice Wave
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"The future is already written in the past"
  • #24,274
  • Aug 2, 2011 8:09am Aug 2, 2011 8:09am
Quoting traderathome
EU:

Re-entry short.
EU:

SonicS add to this re-entry short trade on spike towards next higher S&R. High volatility now, so raised SL one S&R level.
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  • #24,275
  • Aug 2, 2011 8:11am Aug 2, 2011 8:11am
Quoting hansma
Nice Wave
buy?sell?
  • #24,276
  • Aug 2, 2011 8:19am Aug 2, 2011 8:19am
Quoting peyman
buy?sell?
Entry point short at least for me
"The future is already written in the past"
  • #24,277
  • Aug 2, 2011 8:26am Aug 2, 2011 8:26am
Quoting Muhammad989
Allah senr Me a Baby Boy on 25th of jully thats why i was enable to trade, now i m free and start trades,hope DD will remember my 14 November 2009 when i announce my Marriage Date,now this i announce my Baby , thnx
Congratulations, Muhammad
  • #24,278
  • Aug 2, 2011 8:40am Aug 2, 2011 8:40am
Cautious,,,, Small Pond Trade..

SC Long..


Sonic
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  • #24,279
  • Aug 2, 2011 8:53am Aug 2, 2011 8:53am
Quoting hansma
Nice Wave
sell signal is valid right now?
  • #24,280
  • Edited 9:16am Aug 2, 2011 8:55am | Edited 9:16am
EU:

Cautious, indeed. The "grayed" S&R area looks to be the target of the BBs, perhaps putting on a "buy" show to get traders to go long so they can take the short side,......more shorts for next leg down. The Trend line is in confluence with this area, and the Trend line recently started down. This is a good area to stage the next leg down.

Anyway, my SL was raised, and will be again if the market continues to "work" the PA up. I don't trust this move. I believe it is in preparation for a move down when the debt ceiling bill is signed by President Obama. Due to this high volatility, my SLs have been relocated on the few other trades also running.

Edit: The Market has the price up another S&R level now (H1 chart). And with each move up the trading activity increases, so it is more likely posturing for a move down (today, tomorrow, later this week, etc) than "genuine buying interest". Of course, only time will tell. This is a difficult period for managing SLs, for me anyway. I consider a long trade counter trend, and am reluctant to lose my short trade to a SL being hit by a temporary spike up.
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