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Sonic R. System

  • #27,641
  • Oct 25, 2011 7:01am Oct 25, 2011 7:01am
Quoting aligater
another lesson for fellow friends

there are many many waves ,
which wave do we have to follow?

answer follow the one that makes the biggest waves ,followed by a lower low and a higher high

example look at chart

Cheers
aligater
Followed by a lower low and a higher high .Can u tell us what trade is true in the chart?There is A B C.Thanks.
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  • #27,642
  • Oct 25, 2011 7:07am Oct 25, 2011 7:07am
Quoting Gizzzmo
Thanks for the oservation.Yes, it looks very similar.You mean that if we have a repetition of a setup in a very short period , if we didn't take the first one , we should only wait and see?
I'm tryng to do what you said,pick only most reliable trades,this looked realiable to me because of the slope of the dragon and volumes on support and doji candle on 4 H chart in an uptrend.
Why you didn't find it reliable?


ps: previous trade closed at breakeven
What I said about pick one out of six is, try to distinguish the good setup from the normal market noise. here three key points to look at
1. the position of the setup, it's all about S/R.
2. size of the wave, the width and height must be normal or bigger than normal.
3. the distance between the low and higher low (for long), it's better to see near term resistance turned into support and tested by high low.

dragon is confirmation only, it's not the prime reason for taking the trade. please review the previous posts learn to distinguish...

to me. single candle stick only reliable on daily chart.
seeing through
  • #27,643
  • Oct 25, 2011 7:14am Oct 25, 2011 7:14am
Quoting sonicdeejay
1.390x is a lvl to watch..
LO, I see vol coming in..

Possibly bearish..

Sonic
5 hrs later...

Nice Lower High will be nice..

Sonic
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  • #27,644
  • Oct 25, 2011 7:15am Oct 25, 2011 7:15am
Quoting Gloryrose
Followed by a lower low and a higher high .Can u tell us what trade is true in the chart?There is A B C.Thanks.
try to read the tempo and size of the waves, see the waves in pink line, the distance between the lows and highs are showing same tempo.
those in white lines are much faster waves, the only good for M5 scalp, and part of them are market noise.
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seeing through
  • #27,645
  • Oct 25, 2011 7:18am Oct 25, 2011 7:18am
My 2 cents on choosing setups:

Identifying the best S&R zones is really key - ideally S&R that has reversed (e.g. support becomes resistance) and even better, an area that was peak demand (for taking a new long) or supply (for taking a new short). Check out Sam Seiden on peak demand/supply.

As a rule, the smoother the wave candles and the further away the S&R is from the dragon, the surer the set up (though by that time, it might have only 50 or 75 pips to go). The ones around London open usually travel furthest.

One thing I'd especially welcome any comments on - sometimes there is a great setup just before London open. I'm never sure whether to just enter at London open if it still looks good or try to find some other strategy for this?
  • #27,646
  • Oct 25, 2011 7:18am Oct 25, 2011 7:18am
Quoting Gloryrose
Followed by a lower low and a higher high .Can u tell us what trade is true in the chart?There is A B C.Thanks.
excelent question gloryrose

and yes on 1H chart I would pick C .

Regards
aligater
born to speculate
  • #27,647
  • Oct 25, 2011 7:20am Oct 25, 2011 7:20am
Also, a pin bar reversal at the S/R zone is another great signal for a great setup...
  • #27,648
  • Oct 25, 2011 7:23am Oct 25, 2011 7:23am
Quoting sonicdeejay
5 hrs later...

Nice Lower High will be nice..

Sonic
Yep, master.
Let's see.


Fractal
Follow the smart money. Follow the probability.
  • #27,649
  • Oct 25, 2011 7:27am Oct 25, 2011 7:27am
Quoting sonicdeejay
5 hrs later...

Nice Lower High will be nice..

Sonic
nah you know whats nice?
BOOBS


aligater
born to speculate
  • #27,650
  • Oct 25, 2011 7:44am Oct 25, 2011 7:44am
Quoting aligater
nah you know whats nice?
BOOBS


aligater

B**B + Beer...

http://www.hickerphoto.com/data/medi...-girl_9692.jpg

Sonic
  • #27,651
  • Oct 25, 2011 8:02am Oct 25, 2011 8:02am
Quoting sonicdeejay
5 hrs later...

Nice Lower High will be nice..

http://www.forexfactory.com/attachme...1&d=1319544876

Sonic

1.390xx proven to be strong support/resistance lvl..


http://stryfegallery.files.wordpress...-bear-game.gif

Not longer Bearish. unless..Need to be broken strongly


Sonic
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  • #27,652
  • Oct 25, 2011 8:19am Oct 25, 2011 8:19am
Quoting sonicdeejay
1.390xx proven to be 1.390xx proven to be strong support/resistance lvl..


http://stryfegallery.files.wordpress...-bear-game.gif

Not longer Bearish. unless..Need to be broken strongly


Sonic
May be support
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  • #27,653
  • Oct 25, 2011 8:54am Oct 25, 2011 8:54am
Quoting sonicdeejay
5 hrs later...

Nice Lower High will be nice..

Sonic
DT now. PA a bit crazy.
Who catches the ep ?

Toward 1.367x

Fractal
Follow the smart money. Follow the probability.
  • #27,654
  • Oct 25, 2011 8:59am Oct 25, 2011 8:59am
Quoting sonicdeejay
1.390xx proven to be strong support/resistance lvl..


http://stryfegallery.files.wordpress...-bear-game.gif

Not longer Bearish. unless..Need to be broken strongly

http://www.forexfactory.com/attachme...1&d=1319547799

Sonic
I am not bearish yet... as long as 1.39xx on sight..

Sonic
  • #27,655
  • Oct 25, 2011 9:42am Oct 25, 2011 9:42am
Quoting sonicdeejay
1.390xx proven to be strong support/resistance lvl..

No longer Bearish. unless..Need to be broken strongly


Sonic
Told Cha.. I smelled Something fishy...

http://2.bp.blogspot.com/_RQr9tDgUuT...00/14fishy.jpg


Fellas,,,Long or short.. be careful.. Be a hawk,,,things are moving too fast...

Sonic
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  • #27,656
  • Oct 25, 2011 3:54pm Oct 25, 2011 3:54pm
Quoting DNTme
Hi Sonic,

Few post behind you said reading volumes was the greatest thing that happened to you!
That's why i asked about the indi....
Think i have to stick with dragon and waves for moment...

thx
hi mate, i dont believe in volumes as well coz i just dont see the use of it and i dont know how sonic use it in correlation to finding setups. but sonic is right volumes somehow give an insight on whats happening or if theres something going on when they start to spike up.

now, can someone explain to me what just happened this morning? i mean do you have the same candles or at least like this or its just me?

regards
frank
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  • #27,657
  • Oct 25, 2011 4:29pm Oct 25, 2011 4:29pm
Quoting traderathome
Hello, my friends...
You know, TAH, some of us were worried about you ... good to see you are alive and well ... and missed
  • #27,658
  • Edited 5:44pm Oct 25, 2011 5:27pm | Edited 5:44pm
We had a double edged high spread sword, which normally occurs only in NFP day..

This move normally traps both long and short biased traders and easily whipped weak holders from both sides...

I am expecting big events with big move coming up.. Trade safe fellas..

Sonic
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  • #27,659
  • Oct 26, 2011 3:59am Oct 26, 2011 3:59am
We are in the range of 1.394x - 1.388x...
To be bearish, i' like to see 1.39 broken..

Sonic
  • #27,660
  • Oct 26, 2011 4:59am Oct 26, 2011 4:59am
Quoting sonicdeejay
We are in the range of 1.394x - 1.388x...
To be bearish, i' like to see 1.39 broken..

Sonic
Evening,

EU Ranging and ranging.
Let's see will BO happen tonight


Fractal
Follow the smart money. Follow the probability.
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