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Sonic R. System

  • #24,901
  • Aug 15, 2011 2:23am Aug 15, 2011 2:23am
Quoting traderathome
EU:

The blue and red S&R lines were taken from H4. Note the last Sonic R. move up. PA has not made it to FE 79%; a sign of weakness. Note the sudden high volume bar (dark blue) for the small body candle at the highs. This could be heavy trading representing closing of longs, and/or opening of shorts. Note the subsequent large body bear candle.....

.....we may be looking at a downside move in the London session. Though, that does not mean the BBs will not work the price back up before such a move begins.

WARNING: Speculation.

yep... took that ride up for 60+ pips off that bounce I was concerned about. Got tired of watching it and put in a SL. HEHE and just let it ride until this morning.
  • #24,902
  • Aug 15, 2011 3:17am Aug 15, 2011 3:17am
Quoting pipphunter
the EU last week trading within per-selected range, we have 3 setup according to the plan, but only one short trade was taken. since other 2 long setups were not clear nor decisive, prefer stay in sideline.

EU this week's plan is in the same range, waiting the market break, up or donw, we don't know yet. I am a bit bearish bias base on fundamental.
Yes sir...this is a trading plan...i think every trader should have a weekly plan on monday and wait for the setups acording that.

I love your post.

Thanks.
"Being picky only cost your time - not MONEY"...Hans
  • #24,903
  • Aug 15, 2011 3:35am Aug 15, 2011 3:35am
Thank you for taking your time to scroll back and explain, Really appreciated.


Quoting traderathome
The PA Wave is there. Remember, it is an hour chart. The Wave would be more clear on M15.
  • #24,904
  • Aug 15, 2011 5:12am Aug 15, 2011 5:12am
EU sold at 1.4290
Attached Image (click to enlarge)
Click to Enlarge Name: eu.gif Size: 27 KB
  • #24,905
  • Aug 15, 2011 5:23am Aug 15, 2011 5:23am
Hi Piphunter,

The three set ups you mention, are they as drawn in blue? What was indecisive about the longs?

Do you draw out key S&R on the 1H chart and then wait for PA to reach there and look for waves on the 15M chart?

Do you not trade using the dragon or volume?

Thanks,
P


Quoting pipphunter
the EU last week trading within per-selected range, we have 3 setup according to the plan, but only one short trade was taken. since other 2 long setups were not clear nor decisive, prefer stay in sideline.

EU this week's plan is in the same range, waiting the market break, up or donw, we don't know yet. I am a bit bearish bias base on fundamental.
Attached Image (click to enlarge)
Click to Enlarge Name: eu h1.gif Size: 31 KB
  • #24,906
  • Aug 15, 2011 6:03am Aug 15, 2011 6:03am
Hi all Im waiting eu possible setup for long and gold long too
Attached Image (click to enlarge)
Click to Enlarge Name: gold.gif Size: 21 KB
  • #24,907
  • Edited 6:33am Aug 15, 2011 6:15am | Edited 6:33am
Quoting traderathome
EU:

The blue and red S&R lines were taken from H4. Note the last Sonic R. move up. PA has not made it to FE 79%; a sign of weakness. Note the sudden high volume bar (dark blue) for the small body candle at the highs. This could be heavy trading representing closing of longs, and/or opening of shorts. Note the subsequent large body bear candle.....

.....we may be looking at a downside move in the London session. Though, that does not mean the BBs will not work the price back up before such a move begins.

WARNING: Speculation.
EU:

PA has been pulled back twice, and then made a modest breakout downwards. PA is now again in the EP zone....
Attached Image(s) (click to enlarge)
Click to Enlarge Name: # aug 14, 2011 - 129.gif Size: 33 KB
Click to Enlarge Name: # aug 14, 2011 - 130.gif Size: 34 KB
  • #24,908
  • Aug 15, 2011 6:43am Aug 15, 2011 6:43am
Looks to me like could be an EU long setting up...

Would be nervous if I was short.
  • #24,909
  • Aug 15, 2011 6:51am Aug 15, 2011 6:51am
Quoting Doncex
Hi all Im waiting eu possible setup for long and gold long too
Gold buystop canceled

Now waiting for eur high impact news

eu waiting for strong long wave formatting too

I hope to see bulls steps
Attached Image(s) (click to enlarge)
Click to Enlarge Name: gold.gif Size: 21 KB
Click to Enlarge Name: canceled.gif Size: 19 KB
Click to Enlarge Name: euwait.gif Size: 20 KB
  • #24,910
  • Aug 15, 2011 7:04am Aug 15, 2011 7:04am
Entered long EU @ 1.4319
  • #24,911
  • Aug 15, 2011 7:26am Aug 15, 2011 7:26am
SL hit 1.4331
  • #24,912
  • Aug 15, 2011 7:27am Aug 15, 2011 7:27am
Quoting traderathome
EU:

PA has been pulled back twice, and then made a modest breakout downwards. PA is now again in the EP zone....

The market is bullish...why i should go short??

Regards.
"Being picky only cost your time - not MONEY"...Hans
  • #24,913
  • Aug 15, 2011 7:27am Aug 15, 2011 7:27am
Quoting sonicdeejay
Leopard never change it spots..
Patience.. My gd ole friend..

Sonic
EU just surge to take out more SL of the shortists...
New.. @ 8:30 and 9 will be the game changer..

Sonic
Attached Image (click to enlarge)
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  • #24,914
  • Aug 15, 2011 7:48am Aug 15, 2011 7:48am
Moved SL to BE on my 1.4319 long...
  • #24,915
  • Aug 15, 2011 7:50am Aug 15, 2011 7:50am
Quoting lemna
Looks to me like could be an EU long setting up...

Would be nervous if I was short.
EU:

with about 10 minutes to go on H4, the candle could end up being a nice hanging man = bearish, and right around the upper TL, too. The fact that the US BBs drove the price up, did offer a long play there. But it also can be seen as confirmation that a good downside move is coming, and that the BBs made the price go higher to give themselves a better chance to close longs for profit and to obtain shorts at better prices.

At any time the price can go in either direction, but overall the H4 trend is down until there is a decisive breakout of the upper TL.
Attached Image (click to enlarge)
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  • #24,916
  • Aug 15, 2011 7:54am Aug 15, 2011 7:54am
Gotta Luv it
Attached Image (click to enlarge)
Click to Enlarge Name: eu15min.gif Size: 44 KB
"The future is already written in the past"
  • #24,917
  • Aug 15, 2011 8:02am Aug 15, 2011 8:02am
Took half profit @ 1.4375 will take rest @ 1.4473.
  • #24,918
  • Aug 15, 2011 8:04am Aug 15, 2011 8:04am
Quoting hansma
Gotta Luv it
Nice trade..
I hope TAH.. not adding short with hugh loss from holding of mulitple shorts..

Patience .. mate..

Now I am seeing possible stopping vol.. Longsters TP1..

Sonic
Attached Image (click to enlarge)
Click to Enlarge Name: shi.gif Size: 51 KB
  • #24,919
  • Aug 15, 2011 8:07am Aug 15, 2011 8:07am
Quoting traderathome
EU:

Added short, EP = 1.4306, on occurrance of stopping volume as price approached local S&R. Trade TPs and SL have been modified.
EU:

Added short, EP = 1.4376, on basis on quick drive up with possible stopping volume, a drive up to previous S&R area from last Wednesday.
Attached Image (click to enlarge)
Click to Enlarge Name: # aug 14, 2011 - 133.gif Size: 39 KB
  • #24,920
  • Aug 15, 2011 8:09am Aug 15, 2011 8:09am
Quoting traderathome
EU:

http://www.forexfactory.com/attachme...2&d=1313413627

Added short, EP = 1.4376, on basis on quick drive up with possible stopping volume, a drive up to previous S&R area from last Wednesday.
http://www.turtletrader.com/files/im...udor-jones.jpg



Sonic
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