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Sonic R. System

  • #26,321
  • Sep 12, 2011 8:34pm Sep 12, 2011 8:34pm
Quoting traderathome
Yes, I meant to show the Monthly. As you can see on the current monthly bar, the price had already gone lower (Friday) and is now retraced back up to resistance. The resistance is recent support, but now should be considered resistance. And, if you look to the left on the chart, you'll clearly see this level has previously been the top area of monthly movements. Even during the swings, it is the top area of a couple of montly movements.

As I write this post, price is already dropping again ( #1 M15). It might turn out to be a SonicR short setup....
OK Thanks TAH.

I did not trade Monday as unsure of swings due to crazy Fri & Mon, being more picky as no clear setup.

Still have my A/U-Short since last Fri, need to figure out when and how to exit for this trade.
  • #26,322
  • Sep 12, 2011 8:38pm Sep 12, 2011 8:38pm
Quoting foxybunny
OK Thanks TAH.

I did not trade Monday as unsure of swings due to crazy Fri & Mon, being more picky as no clear setup.

Still have my A/U-Short since last Fri, need to figure out when and how to exit for this trade.
AU:

foxybunny, I figure this for a Classic SonicR long right about now. Same with NU.
Attached Image(s) (click to enlarge)
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  • #26,323
  • Sep 12, 2011 9:01pm Sep 12, 2011 9:01pm
Quoting traderathome
GU:

Entered long. SL wide, as with EU. Conservative TP, within day range.


Just comparing your G/U M15 chart with my chart.

Noticed that I have a long tail spike bar that is not in your chart.

I am using Alpari Demo, anyone else not using Alpari Demo who also has this Long Tail spike bar ??

With this Long Tail on my chart, it means no clear Wave for me for either Long or Short, and the SL is to be much lower than this Long Tail bar, the SL would be more below the previous long doji low of 1.5767 if Long-GU.



Attached Image (click to enlarge)
Click to Enlarge Name: 2011-09-13_GBPUSD_M15_TAH.gif Size: 35 KB


Attached Image (click to enlarge)
Click to Enlarge Name: 2011-09-13_GBPUSD_M15_FunnyLongTail.jpg Size: 111 KB
  • #26,324
  • Sep 12, 2011 9:09pm Sep 12, 2011 9:09pm
Quoting traderathome
AU:

foxybunny, I figure this for a Classic SonicR long right about now. Same with NU.

Thanks for your A/U analysis.

It may look like Long for M15, I checked H1 and H4 and is not a clear Long for me yet on those other timeframes.

This could be a nice place to take profit as your profit taking normally is quite good area.
I going outside first, and wait till London to see what happen, may gain or lose some waiting for London, no exit yet during Asian.
  • #26,325
  • Edited 9:36pm Sep 12, 2011 9:22pm | Edited 9:36pm
Quoting foxybunny
Just comparing your G/U M15 chart with my chart.

Noticed that I have a long tail spike bar that is not in your chart.

I am using Alpari Demo, anyone else not using Alpari Demo who also has this Long Tail spike bar ??

With this Long Tail on my chart, it means no clear Wave for me for either Long or Short, and the SL is to be much lower than this Long Tail bar, the SL would be more below the previous long doji low of 1.5767 if Long-GU.



Attachment

Attachment
I wonder if that spike was limited to your broker's server/business. If so, I wonder if that represents the broker running stops on it's own clients! If so, is that maybe an indication the broker knows the price is going higher? If you call them, I'd be curious to know how they explain away that extra deep spike on their server.
  • #26,326
  • Sep 13, 2011 2:01am Sep 13, 2011 2:01am
GU Short trade:
I have the same spike too.
Let the market decides (if brokers allows)
Attached Image (click to enlarge)
Click to Enlarge Name: gu 9.13.jpg Size: 118 KB
  • #26,327
  • Sep 13, 2011 2:12am Sep 13, 2011 2:12am
Quoting dksolo
GU Short trade:
I have the same spike too.
Let the market decides (if brokers allows)
As for me the setup isn't perfect yet. I'll wait for the better LH.

but I'm just a novice
  • #26,328
  • Sep 13, 2011 2:18am Sep 13, 2011 2:18am
GU Short:
I closed half @ +30 after i saw that high volume bar.
SL @ BE.
Attached Image (click to enlarge)
Click to Enlarge Name: gu 9.13.jpg Size: 118 KB
  • #26,329
  • Sep 13, 2011 2:21am Sep 13, 2011 2:21am
EJ Short:
I closed half @ +45. SL @ BE.
Attached Image (click to enlarge)
Click to Enlarge Name: ej 9.13.jpg Size: 110 KB
  • #26,330
  • Sep 13, 2011 2:37am Sep 13, 2011 2:37am
Quoting phi1ipp
As for me the setup isn't perfect yet. I'll wait for the better LH.

but I'm just a novice
Market is ranging in the middle of a down channel. Have space for both ways. Shorting FE near resistance looked safer to me. Secured some profit and waiting @ BE but i am a novice too.
Attached Image (click to enlarge)
Click to Enlarge Name: gu 9.13.jpg Size: 121 KB
  • #26,331
  • Sep 13, 2011 2:42am Sep 13, 2011 2:42am
any trade on EU is a geuss
born to speculate
  • #26,332
  • Sep 13, 2011 2:42am Sep 13, 2011 2:42am
Quoting dksolo
Market is ranging in the middle of a down channel. Have space for both ways. Shorting FE near resistance looked safer to me. Secured some profit and waiting @ BE but i am a novice too.
Anyway you've gained some profit that's why you're right!
  • #26,333
  • Sep 13, 2011 2:53am Sep 13, 2011 2:53am
EJ Short trade closed:
PA hit TP. +60
Attached Image (click to enlarge)
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  • #26,334
  • Sep 13, 2011 2:59am Sep 13, 2011 2:59am
Quoting dksolo
EJ Short trade closed:
PA hit TP. +60
nice trade, I took the same GU with the first target on whole number
Poshcom
  • #26,335
  • Sep 13, 2011 3:07am Sep 13, 2011 3:07am
I'm out of the moves Hopefully one day I'll be the same expert as you, guys meanwhile I'm practicing
  • #26,336
  • Sep 13, 2011 3:10am Sep 13, 2011 3:10am
GU Short closed:
PA hit TP. +53
Attached Image (click to enlarge)
Click to Enlarge Name: gu 9.13.jpg Size: 116 KB
  • #26,337
  • Sep 13, 2011 3:10am Sep 13, 2011 3:10am
Quoting FelixFX
nice trade, I took the same GU with the first target on whole number

2nd tp hit +60pip
Poshcom
  • #26,338
  • Sep 13, 2011 3:13am Sep 13, 2011 3:13am
First time shorted Gold today, even miss to post a call when both TP's hit
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Patience is the key.
  • #26,339
  • Sep 13, 2011 3:21am Sep 13, 2011 3:21am
On the weekly chart.Is it time to shor?
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  • #26,340
  • Sep 13, 2011 3:22am Sep 13, 2011 3:22am
took 2 trades.
chfjpy short hit tp 86.90
+34 pips

usdchf long hit tp 0.8878
+54 pips
Attached Image(s) (click to enlarge)
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