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Sonic R. System

  • #24,821
  • Aug 11, 2011 12:15pm Aug 11, 2011 12:15pm
Quoting nando_rich
1. it's not an indi...it's the MT4 FIBONACCI EXPANSION TOOL....OR FE FIBO-TOOL.

2. it's not RSI it's a RSX of 8 periods.

Sorry but i think i answered 40 times about the fibo-tool in the latest days.



In this case let this be the 41-th answer
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Mind the gap
  • #24,822
  • Aug 11, 2011 12:36pm Aug 11, 2011 12:36pm
Quoting Sunbrella
In this case let this be the 41-th answer
Oh my god!!!

Was it so easy?

THANK YOU!!!


Note: tomorrow someone ask again the same thing... Does anyone bet?
"Being picky only cost your time - not MONEY"...Hans
  • #24,823
  • Edited 1:10pm Aug 11, 2011 12:59pm | Edited 1:10pm
Quoting traderathome
Kumar, by SonicR rules,.....at least several pips beyond end of exiting candle (but be cautious if more than 20 pips out from edge of Dragon), the top black line would have been EP.

By conservative standards (set by Basber),.....wait for ranging PA to clear significant HLs, the bottom black line would have been EP.

You are in the middle, so who is to argue.
Been watching this.....

Looks to me like the upside moves have had the strongest participation. The downside moves involve lower activity. This is a pattern that can occurr when the Market is buying,.....high activity on upside moves. Then, the Market goes to work to lower the price for more buying,....less activity on downside moves. The Market might be preparing, while ranging the price, for a move up later......

......multiple USD high impact releases tomorrow.
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  • #24,824
  • Aug 11, 2011 1:18pm Aug 11, 2011 1:18pm
Quoting nando_rich
Oh my god!!!

Was it so easy?

THANK YOU!!!


Note: tomorrow someone ask again the same thing... Does anyone bet?
problem is that people have no idea about features of software they use for trading. then what to talk about their trading skils ... ???
  • #24,825
  • Aug 11, 2011 1:32pm Aug 11, 2011 1:32pm
Quoting kimis
problem is that people have no idea about features of software they use for trading. then what to talk about their trading skils ... ???
Perhaps.....
http://www.metacafe.com/watch/918502...s_to_fibo_ret/
  • #24,826
  • Aug 11, 2011 2:01pm Aug 11, 2011 2:01pm
Quoting kimis
problem is that people have no idea about features of software they use for trading. then what to talk about their trading skils ... ???
No problem...the telephone trading is allowed yet.
"Being picky only cost your time - not MONEY"...Hans
  • #24,827
  • Aug 11, 2011 7:00pm Aug 11, 2011 7:00pm
TAH. This is how I think regarding my stops...it's probably not for everyone.

I see a potential set up forming on NU (sucks I have to demo on Asia session for now). First chart shows my entry, initial SL and several potential TP areas.

I drew 2 previous s/r area on 4H chart. I will use one of those areas for my stops. If I am currently looking for sonicr longs above the higher s/r area and will only enter above the round number. Stop goes below the current resistance area.

Second chart shows my plan if I get an entry. I have a potential resistance area marked between the entry point and my first TP. If price gets there I will reduce my risk by about 40% by moving stop below the HL and the dragon. If the HL is taken out before my first TP I want out of the trade, at a reduced price.

Anyway this is how I currently read the waves. We'll see what develops.
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  • #24,828
  • Aug 11, 2011 7:31pm Aug 11, 2011 7:31pm
Quoting Donkey
TAH. This is how I think regarding my stops...it's probably not for everyone.

I see a potential set up forming on NU (sucks I have to demo on Asia session for now). First chart shows my entry, initial SL and several potential TP areas.

I drew 2 previous s/r area on 4H chart. I will use one of those areas for my stops. If I am currently looking for sonicr longs above the higher s/r area and will only enter above the round number. Stop goes below the current resistance area.

Second chart shows my plan if I get an entry. I have a potential resistance...
Your plan is very close to what hansma and nando might do, except that your first chart indicates you'd hold the trade for targets beyond TP2.
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  • #24,829
  • Aug 11, 2011 9:22pm Aug 11, 2011 9:22pm
Quoting nando_rich
No problem...the telephone trading is allowed yet.
I have a question.Where is the EP, is the 38.2% above the dragon ?
  • #24,830
  • Aug 12, 2011 12:38am Aug 12, 2011 12:38am
short entry on NZDUSD
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  • #24,831
  • Aug 12, 2011 1:05am Aug 12, 2011 1:05am
One possible scenario at n/u.


There was a good 100 pips trade yesterday, dpv was at 0.8195 if i'm correct.
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  • #24,832
  • Aug 12, 2011 1:48am Aug 12, 2011 1:48am
Quoting Pirabuji
short entry on NZDUSD

here is reminder for new comers for Sonic R system.
the logic of the direction of the current market trend and the Dragon:
1. in quality set up, the chart should shows price action develop above the dragon for long and below the dragon for short.

2. when the price action above the dragon, and the dragon heading up DOES NOT necessary mean it's up trend, DOES NOT mean you should jump in for long trade, vice versa

for the general market trend,you need to use waves and upper TF to define.
seeing through
  • #24,833
  • Aug 12, 2011 2:17am Aug 12, 2011 2:17am
Looking the Daily chart it's very difficult to have a BIAS, but is clear that something will happen soon.


Ok the mine is slightly bearish...but if the triangle is broken down...i become strong bearish.

Regards.
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"Being picky only cost your time - not MONEY"...Hans
  • #24,834
  • Aug 12, 2011 2:20am Aug 12, 2011 2:20am
Quoting traderathome
Your plan is very close to what hansma and nando might do, except that your first chart indicates you'd hold the trade for targets beyond TP2.
What happened to your dragon? Did you force it to diet?


Regards.
"Being picky only cost your time - not MONEY"...Hans
  • #24,835
  • Aug 12, 2011 2:29am Aug 12, 2011 2:29am
Here another example of EU indecision...

Oposites divergences and the PA into the Range Rectangle.

But it's friday anything could happen...and lately friday is the "biggest swing day".

No trading today for me.

Regards.
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"Being picky only cost your time - not MONEY"...Hans
  • #24,836
  • Aug 12, 2011 2:45am Aug 12, 2011 2:45am
EU and GU:

Does this look like a "jump the gun" selloff to anybody, i.e., a tremendous amount of shorting?
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  • #24,837
  • Aug 12, 2011 2:51am Aug 12, 2011 2:51am
UChf:

And on this one, look at the high volume on the quick mini-spike down before the price started up......
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  • #24,838
  • Aug 12, 2011 2:55am Aug 12, 2011 2:55am
Nice to see Gu trade finally hit tp 2

Regards,
H
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"The future is already written in the past"
  • #24,839
  • Aug 12, 2011 3:17am Aug 12, 2011 3:17am
http://iup.2ch-library.com/i/i0389807-1313136359.png

I entered by sell as soon as the candle marked with the red line started.
However, the candle went up and I lost a lot of pip.
Would someone teach me the problem of this trade?
  • #24,840
  • Aug 12, 2011 3:17am Aug 12, 2011 3:17am
Hi Piphunter,

Thank you for your response.

1) I entered short on this one, the PA for entry was below the dragon, is the set up I entered wrong? If so could you please explain with a chart?

2) I can't check charts now but I think when i entered the 4H has a wave for short entry as well with a bounce of a resistance zone.

thanks,
Pira


Quoting pipphunter
here is reminder for new comers for Sonic R system.
the logic of the direction of the current market trend and the Dragon:
1. in quality set up, the chart should shows price action develop above the dragon for long and below the dragon for short.

2. when the price action above the dragon, and the dragon heading up DOES NOT necessary mean it's up trend, DOES NOT mean you should jump in for long trade, vice versa

for the general market trend,you need to use waves and upper TF to define.
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