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Sonic R. System

  • #26,821
  • Sep 22, 2011 5:13am Sep 22, 2011 5:13am
Hi All,

According to H4 EU, it has broken the lowest point of Price Low sometime back(red line). if we zoom in to 15M, the dragon is always chasing over the PA.

During this period, is it true that its not a good time to trade untill we see a 'balance' again?

1) If we short now, will it be considered chasing the downward price, which is not reccomended?

2) If we draw a wave anaysis of H4, it looks like gg downwards but zomming back to 15min, there is no setup of Sonic R.

Just want to know during this time of period of bearish of E/U what do you all do? As not to miss out on the downward selling. http://www.forexfactory.com/images/icons/icon7.gif


Regards,

Evil
Attached Image (click to enlarge)
Click to Enlarge Name: eu 22 sep.gif Size: 35 KB
  • #26,822
  • Sep 22, 2011 6:12am Sep 22, 2011 6:12am
EU is at a level where it needs to put the brakes on soon if it is going to develop a short-, intermediate,- or long-term bounce. If it bouces, I doubt it will bounce for more than a few days to weeks.
Attached Image (click to enlarge)
Click to Enlarge Name: DTF EU.jpg Size: 86 KB
  • #26,823
  • Sep 22, 2011 6:40am Sep 22, 2011 6:40am
Quoting ddaytrader
EU is at a level where it needs to put the brakes on soon if it is going to develop a short-, intermediate,- or long-term bounce. If it bouces, I doubt it will bounce for more than a few days to weeks.

Hi DD,

Can we conclude that base on your chart of EU Daily, the additional S/R we can use can be based on the blue bar?

After we broken of the H4 Support Line, can we sugg another downward move since the SHI channel and H4 trend still is in downtrend until nearly the Daily S/R (lower blue line) again?

Regards,

Evil
  • #26,824
  • Sep 22, 2011 7:09am Sep 22, 2011 7:09am
Hey Sonikers

Id like to show my trade today.

thanks to all senior sonikers. I learned much of you. you rox!!!
especially sonic, basber,domas,muhamad and ofc tah
Attached Image (click to enlarge)
Click to Enlarge Name: eutoday.jpg Size: 101 KB
Poshcom
  • #26,825
  • Sep 22, 2011 7:22am Sep 22, 2011 7:22am
Quoting traderathome
GJ:

This is my "pressure release" trade. It is a simple SonicR long setup, but in asian session and on the M5 TF chart. It has nice L-H-HL PA wave, Dragon is angling up, and at EP the price will be above the Dragon. The single TP is at the quarter number area, also the FR 62% retrace area, also a previous support area that failed early in the previous run down.

This is a small trade, for small pips and so no worries.
GJ:

SL reached. Trade closed.
EP= 118.82
SL= 118.55
Net loss= 33 pips
Attached Image (click to enlarge)
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  • #26,826
  • Sep 22, 2011 7:37am Sep 22, 2011 7:37am
Quoting traderathome
EU:

TP2 reached. Part 2 of muli-part trade is closed.
EP2= 1.3728
TP2= 1.3555
Net profit= 171 pips
EU:

TP3 and TP4 reached. Trade is totally closed.

EP3= 1.3746
TP3= 1.3504
Net profit= 240 pips

EP4= 1.3770
TP4= 1.3453
Net profit= 315 pips

Total net profit on trade= 831 pips
Attached Image (click to enlarge)
Click to Enlarge Name: # sept 22, 2011 - 194.gif Size: 37 KB
  • #26,827
  • Sep 22, 2011 7:41am Sep 22, 2011 7:41am
Quoting traderathome
EU:

TP3 and TP4 reached. Trade is totally closed.

EP3= 1.3746
TP3= 1.3504
Net profit= 240 pips

EP4= 1.3770
TP4= 1.3453
Net profit= 315 pips

Total net profit on trade= 831 pips

lets buy a new ferrari :nerd:
Poshcom
  • #26,828
  • Sep 22, 2011 7:41am Sep 22, 2011 7:41am
Quoting alrightfrank
is this sonicr? i cant see H-L-HL-LL pattern or its just me...
You can go back to the intial post on the trade and see how this happened.
  • #26,829
  • Sep 22, 2011 8:02am Sep 22, 2011 8:02am
Quoting ddaytrader
EU is at a level where it needs to put the brakes on soon if it is going to develop a short-, intermediate,- or long-term bounce. If it bouces, I doubt it will bounce for more than a few days to weeks.
EU:

Also, PA reached down to the Range Week Low mark today. And the FR 79% level is just less than 100 pips lower, which might make the balance of move for the week should it continue down. No one knows.

Yeah, I hope before they took this out for a spin, they had the brakes checked!
Attached Image(s) (click to enlarge)
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Click to Enlarge Name: # sept 22, 2011 - 195.gif Size: 41 KB
  • #26,830
  • Sep 22, 2011 8:11am Sep 22, 2011 8:11am
Great stuff TAH. Been enjoying your trades - keep it up!
.... laughing all the way to the bank
  • #26,831
  • Sep 22, 2011 8:12am Sep 22, 2011 8:12am
Sonikers... Do not add new short...

Seem touch important support and I see vol..

Sonic
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  • #26,832
  • Sep 22, 2011 8:15am Sep 22, 2011 8:15am
Quoting traderathome
EU:

TP3 and TP4 reached. Trade is totally closed.

EP3= 1.3746
TP3= 1.3504
Net profit= 240 pips

EP4= 1.3770
TP4= 1.3453
Net profit= 315 pips

Total net profit on trade= 831 pips
Smmokkking...

http://hwcdn.themoviedb.org/backdrop...k-original.jpg

Sonic
  • #26,833
  • Edited 8:40am Sep 22, 2011 8:24am | Edited 8:40am
EG:

Entered long, EP= 0.8733.

Please don't jump on me about my entry here. It was a bit early based on PA quick pullback down to SR on high PV. Both EU and GU have taken a beating, but EU more than GU. There might be a relative bounce between the two, with E being the one to bounce up against G.

Right now, the Dragon is sideways and PA is below it. Overall, on M15 shown, PA has been creeping up. There is immediate R to be dealt with. After that 25+ pips I should say. And this might go even higher. No one knows. It could even turn down.

I only post this as a heads up, since a lot of pairs are still too down, or too up to consider trading.
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  • #26,834
  • Sep 22, 2011 8:58am Sep 22, 2011 8:58am
g/u short cargo

ep 1.5447
tp 1.5352

+95 pips


after the fact, sry. still learning.
Attached Image (click to enlarge)
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  • #26,835
  • Sep 22, 2011 9:04am Sep 22, 2011 9:04am
Inserted Video
  • #26,836
  • Sep 22, 2011 9:21am Sep 22, 2011 9:21am
Quoting traderathome
EG:

Entered long, EP= 0.8733.

Please don't jump on me about my entry here. It was a bit early based on PA quick pullback down to SR on high PV. Both EU and GU have taken a beating, but EU more than GU. There might be a relative bounce between the two, with E being the one to bounce up against G.

Right now, the Dragon is sideways and PA is below it. Overall, on M15 shown, PA has been creeping up. There is immediate R to be dealt with. After that 25+ pips I should say. And this might go even higher. No one knows. It could even turn down.

I...
EG:

I added at the classic SonicR EP, EP2= 0.8748, and added a second TP.
Attached Image (click to enlarge)
Click to Enlarge Name: # sept 22, 2011 - 197.gif Size: 35 KB
  • #26,837
  • Sep 22, 2011 9:32am Sep 22, 2011 9:32am
Quoting traderathome
EG:

Entered long, EP= 0.8733.

Please don't jump on me about my entry here. It was a bit early based on PA quick pullback down to SR on high PV. Both EU and GU have taken a beating, but EU more than GU. There might be a relative bounce between the two, with E being the one to bounce up against G.

Right now, the Dragon is sideways and PA is below it. Overall, on M15 shown, PA has been creeping up. There is immediate R to be dealt with. After that 25+ pips I should say. And this might go even higher. No one knows. It could even turn down.

I...
This is a perfect S&D trade with the trend.

I missed it...i wasn't watching this pair...

Regards,
Nando.
Attached Image (click to enlarge)
Click to Enlarge Name: eg.gif Size: 27 KB
"Being picky only cost your time - not MONEY"...Hans
  • #26,838
  • Sep 22, 2011 9:44am Sep 22, 2011 9:44am
Quoting nando_rich
This is a perfect S&D trade with the trend.

I missed it...i wasn't watching this pair...

Regards,
Nando.
Nando, on your chart, what are the 4 lines that start at the session and display up to the current candle? What indicator is drawing them, and would you please post it's .mq4 file?

Thank you, Nando.
Attached Image (click to enlarge)
Click to Enlarge Name: eg.gif Size: 27 KB
  • #26,839
  • Sep 22, 2011 9:59am Sep 22, 2011 9:59am
Quoting traderathome
Nando, on your chart, what are the 4 lines that start at the session and display up to the current candle? What indicator is drawing them, and would you please post it's .mq4 file?

Thank you, Nando.
ATR proyection 100%
ATR proyection 80%

it's like your ADR proyecion but it's based in ATR (average true range)

Sorry i've not the mql file...just ex4


Regards,
Nando.
Attached File(s)
File Type: ex4 LFL-ATRprojections.ex4   6 KB | 453 downloads
"Being picky only cost your time - not MONEY"...Hans
  • #26,840
  • Sep 22, 2011 10:01am Sep 22, 2011 10:01am
Quoting traderathome
EG:

I added at the classic SonicR EP, EP2= 0.8748, and added a second TP.
if i was you...i'd think...TP1 hit 2/3 closed sl @ be....or all closed...

be careful with the cluster.
Attached Image (click to enlarge)
Click to Enlarge Name: e2.gif Size: 28 KB
"Being picky only cost your time - not MONEY"...Hans
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