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Sonic R. System

  • #27,381
  • Oct 16, 2011 9:31pm Oct 16, 2011 9:31pm
Quoting pipphunter
hi guys:

here is to watch next week for EU, they are just some significant supports and resistances, if good setup establish around those levels, for me, it will be high probablitity shoot to take.

Red for short,
Gold for long,.

also those levels use as TP, and critical step to judge wheather or not, the trend will continue. ie, if the bull keep running, the bull need to break the first red resistance, if it fail, then be caution, take part TP. how the PA and Volume work around those level could be early indication of the trend change....
hi piphunter, thank you for posting ur chart it helps me check and adjust my errors on plotting s/r. i just wonder if u use an indicator to auto plot it, or you plot it yourself and change the color?
regards
frank
  • #27,382
  • Oct 17, 2011 2:06am Oct 17, 2011 2:06am
EU is @1.386x

And looking weak.

Sonic
  • #27,383
  • Oct 17, 2011 2:59am Oct 17, 2011 2:59am
Quoting alrightfrank
hi piphunter, thank you for posting ur chart it helps me check and adjust my errors on plotting s/r. i just wonder if u use an indicator to auto plot it, or you plot it yourself and change the color?
regards
frank

It's no such a thing call "error" in finding S/R, they are all subjective. however, some levels are stronger and clearer than others, which will give better chance for your setup. I suggest to read attached material, there are some deep discussion on S/R.

the colour level just hand-made, it's part of my weekly trading plan.
Attached File(s)
File Type: pdf BRV_S+R_Trading_210808.pdf   879 KB | 982 downloads
seeing through
  • #27,384
  • Oct 17, 2011 3:09am Oct 17, 2011 3:09am
Quoting sonicdeejay
EU is @1.386x

And looking weak.

Sonic
yes master!
looks like tired bull, a wave down the blue 1.3830 and test will give me short entry for the gold level .

hourly close above 1.3892 indicate bull still in control.
Attached Image (click to enlarge)
Click to Enlarge Name: eu15.jpg Size: 100 KB
seeing through
  • #27,385
  • Oct 17, 2011 3:30am Oct 17, 2011 3:30am
Quoting pipphunter
It's no such a thing call "error" in finding S/R, they are all subjective. however, some levels are stronger and clearer than others, which will give better chance for your setup. I suggest to read attached material, there are some deep discussion on S/R.

the colour level just hand-made, it's part of my weekly trading plan.
Thanx for this pipphunter. I've found it very usefull.
.... laughing all the way to the bank
  • #27,386
  • Oct 17, 2011 4:58am Oct 17, 2011 4:58am
we have possible EARLY short entry on EU, if 1.3872x hold the test, we can make early entry on short (depends on your MM), breaking blue level is key for bear
Attached Image (click to enlarge)
Click to Enlarge Name: eu15.jpg Size: 106 KB
seeing through
  • #27,387
  • Oct 17, 2011 5:16am Oct 17, 2011 5:16am
Quoting sonicdeejay
Hi guys..

Just got myself an ipad2..

Any nice trading app to recommend

Sonic
Dear Sonicdeejay ,
I am using my ipad2 as well
First go to app store , and search for an application to run java on your ipad the best one is named (always on pc)
you can search in app store by this name or search by the following (office , Flash & java ) and you will find the application I am pointing you to purchase it , it is for 20 or 25 usd as i remember

for me I am using forex.com Uk broker , they give me virtual server acount to run my forex acount for free , but must have not less than 5000 usd in my acount to get this offer , if your broker doesn't offer the same , so you will have to pay monthly fee for this service may be about 50 usd / month

here is an example link to vps servers ready to run forex MT4 platform
htt://vps.gallantvps.com

so you can have your forex acount running 24hours per day even while your pc is turned off (EA users always make this) , and then connect from your ipad2 to the server (that is why you have to use the java application , cause apple can't run java on its own ) to be just as if you are sitting to your pc
upload your indicators and templates freely , use the dragon and volume indicators normaly as you do on pc .

Best regards
back to square no one , over trading is my sin , never get the lesson
  • #27,388
  • Oct 17, 2011 5:33am Oct 17, 2011 5:33am
I use to view my account from a smart phone until an IT manager told me that the security of of smart phones, Iphone and Ipad included are not good at all. He says its easy for a novice hacker to hack in. Hence I prefer not to use those until the security is beefed up.
Riding the order flow
  • #27,389
  • Oct 17, 2011 5:45am Oct 17, 2011 5:45am
Quoting Binyamin
I use to view my account from a smart phone until an IT manager told me that the security of of smart phones, Iphone and Ipad included are not good at all. He says its easy for a novice hacker to hack in. Hence I prefer not to use those until the security is beefed up.
I think there is nothing to do with security her cause hacker can't take your money from your acount , the forex acount as you know is only linked to your bank acount , and hacker will never be able to transfer money from your forex to his bank acount
Attached Image (click to enlarge)
Click to Enlarge Name: 171020111271.jpg Size: 188 KB
back to square no one , over trading is my sin , never get the lesson
  • #27,390
  • Oct 17, 2011 5:46am Oct 17, 2011 5:46am
Quoting pipphunter
... in finding S/R, they are all subjective. however, some levels are stronger and clearer than others, which will give better chance for your setup. I suggest to read attached material, there are some deep discussion on S/R.

the colour level just hand-made, it's part of my weekly trading plan.
I would not say that S/R is subjective, so long as you are using prior highs/lows and breakout/breakdown points as S/R. What makes S/R valuable is that it is visible and objective to anyone who looks for it. The mistake some make is that they think that a potential S/R level is "wrong" if price does not meet support or resistance at those levels. Sometimes S/R holds price, sometimes it doesn't. That's all.
  • #27,391
  • Oct 17, 2011 6:07am Oct 17, 2011 6:07am
"The central bank is an institution of the most deadly hostility existing against the Principles and form of our Constitution. I am an Enemy to all banks discounting bills or notes for anything but Coin. If the American People allow private banks to control the issuance of their currency, first by inflation and then by deflation, the banks and corporations that will grow up around them will deprive the People of all their Property until their Children will wake up homeless on the continent their Fathers conquered." Thomas Jefferson
  • #27,392
  • Edited 6:27am Oct 17, 2011 6:16am | Edited 6:27am
See how fast the price drops.
coz there is very few order in this area.

Who catches this drop?


Fractal
Attached Image (click to enlarge)
Click to Enlarge Name: 1710.gif Size: 54 KB
Follow the smart money. Follow the probability.
  • #27,393
  • Oct 17, 2011 6:18am Oct 17, 2011 6:18am
Quoting sonicdeejay
EU is @1.386x

And looking weak.

Sonic
4 hrs later.. I told cha..
I closed my last week long @ 1.3855.. As I saw weakness..

Sonic
  • #27,394
  • Oct 17, 2011 6:21am Oct 17, 2011 6:21am
Quoting ddaytrader
I would not say that S/R is subjective, so long as you are using prior highs/lows and breakout/breakdown points as S/R. What makes S/R valuable is that it is visible and objective to anyone who looks for it. The mistake some make is that they think that a potential S/R level is "wrong" if price does not meet support or resistance at those levels. Sometimes S/R holds price, sometimes it doesn't. That's all.
indeed, it should be as clear as traffic light when master it. to judge probabbility of the level will hold or not under certant market condition, require a act of "art" of drawing conclusion from non-quantitified informaion.

nice to hear from you again//
seeing through
  • #27,395
  • Oct 17, 2011 6:26am Oct 17, 2011 6:26am
Quoting Binyamin
I use to view my account from a smart phone until an IT manager told me that the security of of smart phones, Iphone and Ipad included are not good at all. He says its easy for a novice hacker to hack in. Hence I prefer not to use those until the security is beefed up.
IT security issues should be considered as a feature not a problem. You are exposed to a much greater risk when you drive your car. Furthermore, if you're lucky enough, it is also possible that the hacker is a good trader and makes you a lot of good trades while you sleep (worst case: wipes out your account).
Mind the gap
  • #27,396
  • Oct 17, 2011 6:27am Oct 17, 2011 6:27am
Quoting pipphunter
yes master!
looks like tired bull, a wave down the blue 1.3830 and test will give me short entry for the gold level .

hourly close above 1.3892 indicate bull still in control.
PA run too far from blue line, IMO, the chance of re-test and move south further now has declined.

I pocketed some scalp pips and in waiting mold now.
Attached Image (click to enlarge)
Click to Enlarge Name: eu15.jpg Size: 105 KB
seeing through
  • #27,397
  • Oct 17, 2011 6:36am Oct 17, 2011 6:36am
Quoting actGsm
I think there is nothing to do with security her cause hacker can't take your money from your acount , the forex acount as you know is only linked to your bank acount , and hacker will never be able to transfer money from your forex to his bank acount
Your ipad is cool

Fractal
Follow the smart money. Follow the probability.
  • #27,398
  • Oct 17, 2011 6:37am Oct 17, 2011 6:37am
Quoting Sunbrella
IT security issues should be considered as a feature not a problem. You are exposed to a much greater risk when you drive your car. Furthermore, if you're lucky enough, it is also possible that the hacker is a good trader and makes you a lot of good trades while you sleep (worst case: wipes out your account).
Yeah you gotta be kidding me. lol. These days there are mini laptops like one of those acer products that also runs windows or Linux. So there are alternative if you think hackers trading for you is not the best idea. hahaha
Riding the order flow
  • #27,399
  • Oct 17, 2011 6:52am Oct 17, 2011 6:52am
Quoting Binyamin
Yeah you gotta be kidding me. lol. These days there are mini laptops like one of those acer products that also runs windows or Linux. So there are alternative if you think hackers trading for you is not the best idea. hahaha

it is verry funy to have hacker trading for you ... lol
I have been hacked while using my pc some monthes ago , although I am using original norton antivirus , anti spy , internet security software . the hacker messed up with every thing accept with my forex acount , although all the details for the acount was included in the email box he hacked .
why euro doesn't show any demand @ all although there are no news yet ?
back to square no one , over trading is my sin , never get the lesson
  • #27,400
  • Oct 17, 2011 7:54am Oct 17, 2011 7:54am
Hi Friends.

I would like to switch on the bulb for you all ,dear traders.
everyone that has eyes can see the same things on chart,
and while many look on different structure leg etc.
I would like you to give some attention to what I will be showing on my charts

many ask how can we determine weakness-strenght?
there are many ways , some are derivatives ,and some are more direct.

today I will show a very effective way to determine weakness-strenght

when looking on chart we can see up-down-up-down
so for this particulaire subject lets assume that we are on up-trend
this means higher highs + higher lows
so a leg means a higher low that makes a higher high from the previous
now that we know what a leg means ,we can SEE them
ones a leg like this is broken that means weakness -or strenght
and the broken area is called Line off Change or -LOC

I hope to expand some more details ,if you dear friends would want me to
AF I did not forget about you request on 1Min tf when time comes I will explain on this aswell.

sorry for my bad English, it is not my native language

Best wishes, and love.
aligater
Attached Image(s) (click to enlarge)
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