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Sonic R. System

  • #26,221
  • Edited 9:34am Sep 9, 2011 9:23am | Edited 9:34am
GU:

This is a two part trade. I enterd yesterday, and today. The yesterday part is closed. I am waiting to see if PA reaches TP2 for the second part. TP2 has been lowered since originally selected.

EP1= 1.6003
TP1= 1.5886
Trade #1 net profit = 113 pips
Attached Image (click to enlarge)
Click to Enlarge Name: # sept 9, 2011 - 102.gif Size: 36 KB
  • #26,222
  • Sep 9, 2011 9:25am Sep 9, 2011 9:25am
Quoting shujiXakira
how do you draw those trendline sir? is it like with an angle or something? this looks very helpful
Nothing special. That is an equidistant channel from H1 time frame
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  • #26,223
  • Sep 9, 2011 9:36am Sep 9, 2011 9:36am
I moved SL @ 1.5920 in order to get some profit from second half.
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  • #26,224
  • Sep 9, 2011 9:39am Sep 9, 2011 9:39am
Could one of the gurus comment my post please!

http://www.forexfactory.com/showthre...80#post4941580

Thanks!
  • #26,225
  • Sep 9, 2011 9:44am Sep 9, 2011 9:44am
Quoting dksolo
Nothing special. That is an equidistant channel from H1 time frame
how to draw that from h1 timeframe?
  • #26,226
  • Sep 9, 2011 9:47am Sep 9, 2011 9:47am
TAH, I think he means Double Top

Quoting traderathome
"....plan a TP just below the DT." -

DT? Does this relate to the "DTs", or is this otherwise meaningful? On this thread, introduced have been: EP, TP, SL, etc. I hava also heard of FE, FR, PV, PVT, DR, DS, etc. But, if "DT" has been introduced before, I must have missed it. Care to define it?
  • #26,227
  • Sep 9, 2011 9:48am Sep 9, 2011 9:48am
Quoting shujiXakira
how to draw that from h1 timeframe?
With the mouse?
"Being picky only cost your time - not MONEY"...Hans
  • #26,228
  • Edited 10:16am Sep 9, 2011 9:55am | Edited 10:16am
Quoting phi1ipp
Could one of the gurus comment my post please!

http://www.forexfactory.com/showthre...80#post4941580

Thanks!
Sometimes PA retraces to an obvious local (M15 chart) SR area. Sometimes you will find that it retraces to a SR area from a higher TF. I had to check the Daily on EU to confirm the validity of two of the SRs shown.

If you have a proper PA wave, H-L-LH for short and L-H-HL for long, a further pullback is not required. PA wave leg 2 is the pullback. If PA breaks thru your EP and later retraces thru it, check where PA stops. If it is a valid SR area, then it might be affirmation that PA will again move thru your EP and on with the trade.

I have also boxed approximate PA wave leg 3 entry areas for each initial SonicR setup.

Hope this helps,
-tah
Attached Image(s) (click to enlarge)
Click to Enlarge Name: # sept 9, 2011 - 103.gif Size: 33 KB
Click to Enlarge Name: # sept 9, 2011 - 104.gif Size: 36 KB
  • #26,229
  • Sep 9, 2011 10:00am Sep 9, 2011 10:00am
Quoting nando_rich
"Draw" with the mouse?
Not unless Nando's mouse is trained to draw.
  • #26,230
  • Sep 9, 2011 10:02am Sep 9, 2011 10:02am
Quoting nando_rich
With the mouse?
hehe, i mean from where to plot the point, from the top of the highest up candle to the lowest low candle?
  • #26,231
  • Sep 9, 2011 10:09am Sep 9, 2011 10:09am
Nevermind Daytrader,

I found it lines up with the 262.8 FE.


Quoting Pirabuji
What Fib Extensions do you use?

Are they the same ones as:
http://www.forexfactory.com/showthre...83#post4857183
?
  • #26,232
  • Sep 9, 2011 10:18am Sep 9, 2011 10:18am
Quoting Pirabuji
Nevermind Daytrader,

I found it lines up with the 262.8 FE.
There is no "262.8 FE."

The level nearest would be 261.8, which you might round off in the fib label to show "262".
  • #26,233
  • Sep 9, 2011 10:46am Sep 9, 2011 10:46am
Black swam event are coming up again...
Long EU is out of the question..

My dji shorts are reaping profit..

Sonic
  • #26,234
  • Sep 9, 2011 11:00am Sep 9, 2011 11:00am
Quoting sonicdeejay
Black swam event are coming up again...
Long EU is out of the question..

My dji shorts are reaping profit..

Sonic
Nicholas Taleb developed the Black swan theory.

Specifically, Taleb asserts:

What we call here a Black Swan (and capitalize it) is an event with the following three attributes. First, it is an outlier, as it lies outside the realm of regular expectations, because nothing in the past can convincingly point to its possibility. Second, it carries an extreme impact. Third, in spite of its outlier status, human nature makes us concoct explanations for its occurrence after the fact, making it explainable and predictable.


-----------------------------------------------------------
I have been asserting the falsity of the constant euro "pump" all year! Therefore, this was expected, at least by me. Therefore, at least for me, this all is not a Black swan event.


The BBs are finally "jumping ship", here. They have so screwed the world with their financial shenanigans that even they now doubt things will have a soft landing.


Regards,
-tah





  • #26,235
  • Sep 9, 2011 11:01am Sep 9, 2011 11:01am
Quoting traderathome
Sometimes PA retraces to an obvious local (M15 chart) SR area. Sometimes you will find that it retraces to a SR area from a higher TF. I had to check the Daily on EU to confirm the validity of two of the SRs shown.

If you have a proper PA wave, H-L-LH for short and L-H-HL for long, a further pullback is not required. PA wave leg 2 is the pullback. If PA breaks thru your EP and later retraces thru it, check where PA stops. If it is a valid SR area, then it might be affirmation that PA will again move thru your EP and on with the trade.

I...
Thanks a lot, tah! I'm still practising and realize that it's very easy to analyze the chart after the movement while to be in it and recognize it is very hard

But your help and the whole thread are very useful so I'm not giving up
  • #26,236
  • Sep 9, 2011 11:08am Sep 9, 2011 11:08am
GU short trade closed:
PA hit TP. Trade closed +103
Attached Image (click to enlarge)
Click to Enlarge Name: gu 9.9.jpg Size: 112 KB
  • #26,237
  • Sep 9, 2011 11:11am Sep 9, 2011 11:11am
Quoting traderathome
GU:

This is a two part trade. I enterd yesterday, and today. The yesterday part is closed. I am waiting to see if PA reaches TP2 for the second part. TP2 has been lowered since originally selected.

EP1= 1.6003
TP1= 1.5886
Trade #1 net profit = 113 pips
GU:

Trade #2 is manually closed.
EP2= 1.5956
Close= 1.558
Net profit= 94 pips
Attached Image (click to enlarge)
Click to Enlarge Name: # sept 9, 2011 - 105.gif Size: 36 KB
  • #26,238
  • Sep 9, 2011 11:19am Sep 9, 2011 11:19am
This week for me:

4 losing trades, lost 104 pips
13 winning trades, gained 1,382 pips
It averages 75 pips gained for each of all 17 trades.

Also, this week the last of my "experiment" trades were closed. Net pips gained there were 1,354.

Regards,
-tah
  • #26,239
  • Edited 11:38am Sep 9, 2011 11:22am | Edited 11:38am
EU:

......and now with this "rally to support", finally it might be time for me to acquiesce and go bullish on EU.

(.........)
  • #26,240
  • Sep 9, 2011 11:22am Sep 9, 2011 11:22am
Oh ok, I was going by this post: http://www.forexfactory.com/showthre...10#post3000010

Maybe Ddaytrader made a typo?

Quoting traderathome
There is no "262.8 FE."

The level nearest would be 261.8, which you might round off in the fib label to show "262".
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