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Sonic R. System

  • #26,081
  • Sep 7, 2011 7:09am Sep 7, 2011 7:09am
Quoting Domas4
The entry is below the dragon.
ok, thanks Domas for clearing this..
Patience is the key.
  • #26,082
  • Sep 7, 2011 7:11am Sep 7, 2011 7:11am
I'll try to long USD/CHF
Attached Image (click to enlarge)
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Patience is the key.
  • #26,083
  • Sep 7, 2011 7:35am Sep 7, 2011 7:35am
Hi all Im short eu,m15 sonic
Attached Image (click to enlarge)
Click to Enlarge Name: eu sellstop.gif Size: 18 KB
  • #26,084
  • Sep 7, 2011 10:20am Sep 7, 2011 10:20am
Quoting Doncex
Hi all Im short eu,m15 sonic
eu hit sl 53 pips
Attached Image(s) (click to enlarge)
Click to Enlarge Name: eu sellstop.gif Size: 18 KB
Click to Enlarge Name: eu sl53pips.gif Size: 19 KB
  • #26,085
  • Sep 7, 2011 10:54am Sep 7, 2011 10:54am
EU Short trade:
Lack of volume on second leg, London almost closed.
A bad one. Let the market decides.
Attached Image (click to enlarge)
Click to Enlarge Name: eu 9.7.jpg Size: 113 KB
  • #26,086
  • Sep 7, 2011 1:01pm Sep 7, 2011 1:01pm
Quoting dksolo
EU Short trade:
Lack of volume on second leg, London almost closed.
A bad one. Let the market decides.

Why does anyone want to short into possible support ?

Beats the hell out of me.

H.
Attached Image (click to enlarge)
Click to Enlarge Name: eu15min.gif Size: 33 KB
"The future is already written in the past"
  • #26,087
  • Sep 7, 2011 1:37pm Sep 7, 2011 1:37pm
Quoting traderathome
UCad:

New entry long, EP= 0.9902. Price has been worked back down to the same SR area from which the run up started. To me, it looks like price is bouncing along the whole number area, pending a break either way. Because the trend is up, and because the PA Wave suits a long setup (H-L-HL), I have entered long slightly early, waiting only for PA to reach the Trend line.
UCad:

SL Hit.
EP= 0.9902, minus SL= 0.9881, minus spread, equals net loss of 25 pips.
Attached Image (click to enlarge)
Click to Enlarge Name: # sept 7, 2011 - 066.gif Size: 34 KB
  • #26,088
  • Sep 7, 2011 1:44pm Sep 7, 2011 1:44pm
Quoting traderathome
EJ:

Entered long, EP= 108.58.

As with UCad, PA was brought back down to where the earlier run started, at a SR area. PA since is up to Trend line, where entry is made early based on the PA Wave for a long (H-L-HL) and the pullback to SR. The SL is intentionally wide right now. If PA waffles, another pullback to some higher SR and moves up again, I might raise the SL then.
EJ:

Manually closed trade.
Close= 108.95, minus EP= 108.58, minus spread, equals net gain of 33 pips.
Attached Image (click to enlarge)
Click to Enlarge Name: # sept 7, 2011 - 067.gif Size: 30 KB
  • #26,089
  • Sep 7, 2011 1:49pm Sep 7, 2011 1:49pm
Quoting traderathome
GU:

Entered long, EP= 1.5969.
GU:

SL hit. I had moved SL up to about start of PA wave leg 3. PA almost hit target. Later, PA dropped below even original SL setting.

EP= 1.5969, minus SL= 1.5941, minus spread, equals net loss of 32 pips.
Attached Image (click to enlarge)
Click to Enlarge Name: # sept 7, 2011 - 068.gif Size: 32 KB
  • #26,090
  • Sep 7, 2011 1:57pm Sep 7, 2011 1:57pm
I've entered long on EURJPY

Reasons for entry:

Good PA Wave & Break out of consolidation area

EP 109.01
SL 108.65
TP 109.50

Anyone have any opinions on this entry?
Attached Image (click to enlarge)
Click to Enlarge Name: ej 07.09,11.gif Size: 24 KB
  • #26,091
  • Sep 7, 2011 2:00pm Sep 7, 2011 2:00pm
TAH, Have you heard on the Swiss Army EA? It allows you to get to break even after a set number if pips, If I can't monitor my trades I set it to get to BE after reaching 75% of my target.



Quoting traderathome
GU:

SL hit. I had moved SL up to about start of PA wave leg 3. PA almost hit target. Later, PA dropped below even original SL setting.

EP= 1.5969, minus SL= 1.5941, minus spread, equals net loss of 32 pips.
  • #26,092
  • Sep 7, 2011 2:12pm Sep 7, 2011 2:12pm
Quoting traderathome
GU:

SL hit. I had moved SL up to about start of PA wave leg 3. PA almost hit target. Later, PA dropped below even original SL setting.

EP= 1.5969, minus SL= 1.5941, minus spread, equals net loss of 32 pips.

Tah,

Just a little reminder of how price might react to our targets using the fib tool - and why I use the settings I do.

H.
Attached Image (click to enlarge)
Click to Enlarge Name: gu15min.gif Size: 38 KB
Attached Image
"The future is already written in the past"
  • #26,093
  • Sep 7, 2011 2:18pm Sep 7, 2011 2:18pm
Quoting Pirabuji
I've entered long on EURJPY

Reasons for entry:

Good PA Wave & Break out of consolidation area

EP 109.01
SL 108.65
TP 109.50

Anyone have any opinions on this entry?
EJ:

Look at H4. The price has done a retrace to a whole number SR area, during the current down trend; a different view.
Attached Image (click to enlarge)
Click to Enlarge Name: # sept 7, 2011 - 069.gif Size: 23 KB
  • #26,094
  • Sep 7, 2011 2:47pm Sep 7, 2011 2:47pm
TAH I was that SR area before my entry, what made me look past it was an even bigger SR just below it which is where my stop loss is (see 4H chart below).

Another factor is if you look at the 1H chart the waves are starting to indicate a long.
I really liked the waves on the 15min chart and even more the breakout from the consolidation box. The only thing I don't like is the entry is a little too high above the dragon. We'll see what the market decides now.


Quoting traderathome
EJ:

Look at H4. The price has done a retrace to a whole number SR area, during the current down trend; a different view.
Attached Image(s) (click to enlarge)
Click to Enlarge Name: ej 4h 07.09,11.gif Size: 25 KB
Click to Enlarge Name: ej 1h 07.09,11.gif Size: 22 KB
  • #26,095
  • Sep 7, 2011 3:03pm Sep 7, 2011 3:03pm
Quoting hansma
Why does anyone want to short into possible support ?

Beats the hell out of me.

H.
EU:

I think this might have something to do with it. This week it has already fallen to the lower TL on the Weekly chart. The next time it might break thru.
Attached Image (click to enlarge)
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  • #26,096
  • Sep 7, 2011 3:17pm Sep 7, 2011 3:17pm
Buy stop in place for GBPUSD:

EP 1.6002
SL 1.5960
TP 1.6037
Attached Image (click to enlarge)
Click to Enlarge Name: gu 07.09,11.gif Size: 20 KB
  • #26,097
  • Sep 7, 2011 3:22pm Sep 7, 2011 3:22pm
Quoting ddaytrader
SL moved to 1.0593 to capture +67 pips as we now have a HIGH and a LOW. If we get a LOWER HIGH, then the waves will have turned against me, so I will want to be out.
Well, I was out for the day, but I checked my quotes on my phone from time to time, but I did not have my security device with me to log into my account. I was sure I would be stopped out on that reaction, but my SL held, and TP hit for +114 pips.

Since my return the the world of M15 SonicR last week, I am 4/4 with a total pip take of 562.

I think I am finally geting the hang of this
Attached Image (click to enlarge)
Click to Enlarge Name: 20110906 AU DB long SonicR +114 pips.jpg Size: 103 KB
  • #26,098
  • Sep 7, 2011 3:57pm Sep 7, 2011 3:57pm
Quoting traderathome
EU:... TL on the Weekly chart...
on the trend line, TAH
  • #26,099
  • Sep 7, 2011 5:09pm Sep 7, 2011 5:09pm
AN Short ... let the market decide ...
Attached Image (click to enlarge)
Click to Enlarge Name: 20110907 AN.jpg Size: 104 KB
  • #26,100
  • Sep 7, 2011 5:48pm Sep 7, 2011 5:48pm
Quoting hansma
Tah,

Just a little reminder of how price might react to our targets using the fib tool - and why I use the settings I do.

H.
Hans, I appreciate your posting something you know will help, but I can't fathom what you are getting at. For one thing, what do you mean by "inbalance of price"? The way I think of an imbalance is there are more shorters than longers or visa versa, and so the price quickly moves. But you label a stuck in the mud zone as an area of "inbalance".....?

Can you clarify what you mean, what is the sigficance, and overall what you are trying to tell me?

Thanks,
-tah
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