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Sonic R. System

  • #25,521
  • Aug 26, 2011 7:11am Aug 26, 2011 7:11am
Quoting traderathome
EU:

Anybody placing bets that it will break the range today?

Not against it. so no bet here. LOL
  • #25,522
  • Aug 26, 2011 7:12am Aug 26, 2011 7:12am
Quoting traderathome
EU:

Anybody placing bets that it will break the range today?
To the upside, yes

http://3.bp.blogspot.com/_ky1bf81QrM...ystal_ball.jpg
  • #25,523
  • Aug 26, 2011 7:17am Aug 26, 2011 7:17am
Quoting TRMZXT
THAT is why you it is best to get the heck out before news/comments and why I got out and waited on a retrace if no big deal on what Mr. Speaker had to say. You are not taking my profits. LOL


please show how and when you know you should do the retracement..want to enlighten myself on it.

thanks
  • #25,524
  • Aug 26, 2011 7:24am Aug 26, 2011 7:24am
Sonic, your opinion appreciated?
  • #25,525
  • Aug 26, 2011 7:25am Aug 26, 2011 7:25am
50 pips(around 1.4300 or more depend on time) to the down trend lines the low hit yesterday. Whether it hits that or not....
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  • #25,526
  • Aug 26, 2011 7:27am Aug 26, 2011 7:27am
Quoting duyk20
To the upside, yes

http://3.bp.blogspot.com/_ky1bf81QrM...ystal_ball.jpg
....or, maybe not. At this point, maybe the only upside will be to retest supply at the pivot before they pull the rug out from under it. In other words, hike the price back up to where they have newly placed large short orders to get filled, before they drive the price down.
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  • #25,527
  • Aug 26, 2011 7:28am Aug 26, 2011 7:28am
Quoting shujiXakira
please show how and when you know you should do the retracement..want to enlighten myself on it.

thanks

check a 5 minute chart or 1 minute or so for a wave off a low. If retest and fail or goes through a bit and back off hard. Check it. CT are dangerous that is why patience and confrimation are important to determine mood and take profit mentality because of lack of confidence. Money is a idea backed by confidence and you trading should always look at confidence indicators such a TP areas and weakness of PA with WAVE count.

I only do 1/3rd of normal entry on CT trades.
  • #25,528
  • Aug 26, 2011 7:28am Aug 26, 2011 7:28am
Quoting hansma
How To Use It To Gain The Most Out Of It...

Hopefully someone will benefit - was asked in Pm about it

Regards,
H.
Great charts...thanks for those. So you would have entered after point c formed around 110.77??
  • #25,529
  • Aug 26, 2011 7:38am Aug 26, 2011 7:38am
top and bottom of current move from 1M chart. See retrace and watch. It might test 2 or 3 times. 75% of time initial failure to reach is retrace to a level by proft takers.

go with the strength. CT is after thought.
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  • #25,530
  • Aug 26, 2011 7:39am Aug 26, 2011 7:39am
1.432x is a lvl to watch...

I am seeing big vol..possible the stopping type..

EU can jump up if "1.432x not break"..

Sonic
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  • #25,531
  • Aug 26, 2011 7:40am Aug 26, 2011 7:40am
Quoting Donkey
Great charts...thanks for those. So you would have entered after point c formed around 110.77??

Your welcome - yes I would - but thatīs my entry point, canīt stress that enough.

Regards,
H.
"The future is already written in the past"
  • #25,532
  • Aug 26, 2011 7:41am Aug 26, 2011 7:41am
My focus is on the CHF because those guys are begging for news to go up. And look at it. Right now I am at 120 pips. MUAHAHAHAHAHAHA oooops EDIT make that 160 LOL
  • #25,533
  • Aug 26, 2011 7:41am Aug 26, 2011 7:41am
Quoting traderathome
EU:

Anybody placing bets that it will break the range today?

Break Range, both Downside and Upside.
  • #25,534
  • Aug 26, 2011 7:49am Aug 26, 2011 7:49am
Quoting sonicdeejay
1.432x is a lvl to watch...

I am seeing big vol..possible the stopping type..

EU can jump up if "1.432x not break"..

http://www.forexfactory.com/attachme...1&d=1314369559

Sonic
Told Cha...

Possible, Hello 1.445 again...

Nite

Sonic
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  • #25,535
  • Aug 26, 2011 7:51am Aug 26, 2011 7:51am
Quoting sonicdeejay
Told Cha...

Possible, Hello 1.445 again...

Nite

Sonic

very very possible. looking for a retest and failure.
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  • #25,536
  • Aug 26, 2011 7:53am Aug 26, 2011 7:53am
Quoting nando_rich
Short...

let me see.
Out +70pips.

Congrats to the shortist included me

The wave changed and my tp's were updated.

Good weedend for all.

Regards,
Nando.
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"Being picky only cost your time - not MONEY"...Hans
  • #25,537
  • Aug 26, 2011 8:04am Aug 26, 2011 8:04am
Hi Hansma,

What do you mean by breakout area? Do you look at the previous wave to your Point A and look for price to breach the high of the previous wave? Is that what you mean as break out area? :S

thanks,
P



Quoting hansma
How To Use It To Gain The Most Out Of It...

Hopefully someone will benefit - was asked in Pm about it

Regards,
H.
  • #25,538
  • Aug 26, 2011 8:05am Aug 26, 2011 8:05am
Quoting nando_rich
Out +70pips.

Congrats to the shortist included me

The wave changed and my tp's were updated.

Good weedend for all.

Regards,
Nando.
Might want to watch the CHF retrace...
  • #25,539
  • Aug 26, 2011 8:07am Aug 26, 2011 8:07am
This is when all the shortests are going.... OH SH!T???
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  • #25,540
  • Edited 8:48am Aug 26, 2011 8:11am | Edited 8:48am
Quoting traderathome
UChf:

Added part four, SC, to this long trade at 0.7648. And take a look at the trading at these prices! Closing shorts, opening longs, or both.
UChf:

Finally, these eleven trades are closed.

Closed = 0.8139, minus average EP = 0.8004, minus spread, equals net gain of 130 pips for each part, X eleven, equals net profit of 1,430 pips.
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sonicdeejay