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Sonic R. System

  • #25,241
  • Aug 22, 2011 8:50am Aug 22, 2011 8:50am
Quoting TRMZXT
hmmm
Maybe. That last TF might have involved high shorting, taking the price off the highs (red volume bar).
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  • #25,242
  • Aug 22, 2011 8:53am Aug 22, 2011 8:53am
Quoting traderathome
Maybe. That last TF might have involved high shorting, taking the price off the highs (red volume bar).
def interesting
  • #25,243
  • Aug 22, 2011 8:54am Aug 22, 2011 8:54am
Quoting traderathome
Maybe. That last TF might have involved high shorting, taking the price off the highs (red volume bar).

The next 5M wave is going to say a lot.
EDIT forgot pic... lol
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  • #25,244
  • Aug 22, 2011 8:57am Aug 22, 2011 8:57am
Quoting TRMZXT
def interesting
GU has a high volume bar taking price off the highs.
UCad has a high volume bar launching price up.
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  • #25,245
  • Aug 22, 2011 9:00am Aug 22, 2011 9:00am
Quoting traderathome
GU has a high volume bar taking price off the highs.
UCad has a high volume bar launching price up.

I love that Volume INDI but I simply lack understanding of how it reads and registers data to really use it.
  • #25,246
  • Aug 22, 2011 9:09am Aug 22, 2011 9:09am
at the rate this is holding up you will have two resistance areas at the same time which is def a warning area if you are short EU. CYAN(level) and YELLOW(trend) resistance bounce. Have a feeling is will follow into the pennant. and eventually breakout. LOL
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  • #25,247
  • Aug 22, 2011 9:11am Aug 22, 2011 9:11am
UChf:

This watchlist pair for a long might be about to pan out. It is at previous highs and about 15 pips from HOD.
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  • #25,248
  • Aug 22, 2011 9:27am Aug 22, 2011 9:27am
Quoting TRMZXT
I love that Volume INDI but I simply lack understanding of how it reads and registers data to really use it.
The volume study highlights bars where there is high activity. It uses two methods to find high activity:

1. Blue bars represent volume that is higher than the average volume for the selected averaging period, ....higher by an amount that is selected, for example at least a third over the average.

2. Green/red bars represent bars that have the highest product over the averaging period, of the candle price spread x candle volume.

The combination of these two methods seems to work well in picking up key activity bars.
  • #25,249
  • Aug 22, 2011 9:49am Aug 22, 2011 9:49am
Quoting traderathome
The volume study highlights bars where there is high activity. It uses two methods to find high activity:

1. Blue bars represent volume that is higher than the average volume for the selected averaging period, ....higher by an amount that is selected, for example at least a third over the average.

2. Green/red bars represent bars that have the highest product over the averaging period, of the candle price spread x candle volume.

The combination of these two methods seems to work well in picking up key activity bars.

Thanks!
  • #25,250
  • Aug 22, 2011 9:51am Aug 22, 2011 9:51am
watch out for the bounce on the double resistance on the EU
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  • #25,251
  • Aug 22, 2011 10:05am Aug 22, 2011 10:05am
Quoting TRMZXT
watch out for the bounce on the double resistance on the EU
EU:

The Trend line (89 ema) and the TL converge, and that is apparently a target. PA was rammed right down to it. Now, will PA proceed on down to the FE 138% level target, which is converged with the pivot level FS1? That is still well within the day range.
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  • #25,252
  • Aug 22, 2011 10:15am Aug 22, 2011 10:15am
Quoting traderathome
EU:

The Trend line (89 ema) and the TL converge, and that is apparently a target. PA was rammed right down to it. Now, will PA proceed on down to the FE 138% level target, which is converged with the pivot level FS1? That is still well within the day range.

it is also a .618 retracements level. Interesting to see how far the first leg bounces.
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  • #25,253
  • Aug 22, 2011 10:21am Aug 22, 2011 10:21am
went right back through it like nothing.
  • #25,254
  • Aug 22, 2011 10:31am Aug 22, 2011 10:31am
EU Short
Just traded TL.
I closed half @ +35 pips. SL @ BE. Target inside the channel.
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  • #25,255
  • Aug 22, 2011 11:02am Aug 22, 2011 11:02am
Quoting dksolo
EU Short
Just traded TL.
I closed half @ +35 pips. SL @ BE. Target inside the channel.

My target is 1.4302 with a half taken and a SL at 1.4003 which is above the .500 retracement level and still 15 pips profit.
  • #25,256
  • Aug 22, 2011 11:05am Aug 22, 2011 11:05am
Quoting TRMZXT
My target is 1.4302 with a half taken and a SL at 1.4003 which is above the .500 retracement level and still 15 pips profit.
I placed my target @ 1.4325 looked safer to me.
Let the market decides.
  • #25,257
  • Aug 22, 2011 11:10am Aug 22, 2011 11:10am
Quoting dksolo
I placed my target @ 1.4325 looked safer to me.
Let the market decides.

They always like to go for the whole number so........ After so far down I will adjust SL according to wave action.
  • #25,258
  • Edited 9:40pm Aug 22, 2011 8:39pm | Edited 9:40pm
NU:

Entered short, EP = 0.8229. Asian session trade, and hope to be closed before LO.

Edit: Stopped out. SL = 0.8242, minus EP = 0.8229, minus spread, equals net loss of 18 pips.
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  • #25,259
  • Aug 22, 2011 10:12pm Aug 22, 2011 10:12pm
Quoting traderathome
NU:

Entered short, EP = 0.8229. Asian session trade, and hope to be closed before LO.

Edit: Stopped out. SL = 0.8242, minus EP = 0.8229, minus spread, equals net loss of 18 pips.
NU:

Back in short, EP = 0.8260.
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  • #25,260
  • Aug 22, 2011 10:58pm Aug 22, 2011 10:58pm
Quoting traderathome
NU:

Entered short, EP = 0.8229. Asian session trade, and hope to be closed before LO.

Edit: Stopped out. SL = 0.8242, minus EP = 0.8229, minus spread, equals net loss of 18 pips.

Your #7 trade that hit initial SL automatically.


I did a similar Short AUD/USD Below Dragon this morning about same time as your Short NZD/USD. My hit SL -30pips.
I did not check there was Red News, NZD Inflation Expectation q/q, that likely to give that a spike.
In this case just before the red news gave spike up on both N/U and A/U.

Yesterday I had a Long A/U Above Dragon that ran up and then ran down on a typical ranging Monday to hit BE.

How was your Short A/U yesterday ??
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