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Sonic R. System

  • #28,281
  • Nov 22, 2011 2:54am Nov 22, 2011 2:54am
GU:

New WAVE, new setup. Better, since wave finalizes in London session (important). EP is about where the Trend line is, around 1.5660ish.

Medium impact GBP news about 20 minutes ago, and high impact USD news in about 2.5 hours.

Dragon and Trend are running flat, be cautious.
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  • #28,282
  • Nov 22, 2011 2:59am Nov 22, 2011 2:59am
EU:

This is shaping up as a re-entry SonicR setup, with the half number area being the re-entry EP area. It is currently acting as resistance.
USD high impact in about 2.5 hours. PA might, or might not, break up thru 1.3550 before the news. If it does not, then there is the added chance that when the news comes, PA might turn down.
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  • #28,283
  • Nov 22, 2011 3:19am Nov 22, 2011 3:19am
EU:

Bingo!
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  • #28,284
  • Nov 22, 2011 3:54am Nov 22, 2011 3:54am
Quoting traderathome
GU:

Joining you on the M5 setup.

Edit: Added at M5 setup original EP level, lower than my first entry (2nd chart).
GU:

Manually closed both for profit of 4 pips and 16 pips respectively. I don't like the way PA and volume look. There are drives up on good volume, that simply keep topping off. It could be staging for a turn down. I really don't know, but I am no longer comfortable with what I see.
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  • #28,285
  • Nov 22, 2011 3:58am Nov 22, 2011 3:58am
Quoting traderathome
EU:

Re-entered trade on pullback.
EU:

Manually closed trade for 44 pips profit. Like GU, I am no longer comfortable with the PA.
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  • #28,286
  • Nov 22, 2011 5:10am Nov 22, 2011 5:10am
Quoting sonicdeejay
I see some bullish supportive vol coming in..
anyway,, if u have long , be a hawk..as PA can change in the whim..

Sonic

29hrs later..

We will be having high impact news in 20 mins..

Sonic
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  • #28,287
  • Nov 22, 2011 5:51am Nov 22, 2011 5:51am
Can I have it like this??

Inserted Video


Sonic
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  • #28,288
  • Nov 22, 2011 6:27am Nov 22, 2011 6:27am
Quoting sonicdeejay
Can I have it like this??

http://www.youtube.com/watch?v=MSgnf-tBN9s

http://www.forexfactory.com/attachme...1&d=1321969874

Sonic

Sellers.. Be careful...

TP 1.. SL @ BE for now..

Sonic
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  • #28,289
  • Nov 22, 2011 6:38am Nov 22, 2011 6:38am
It is done in a demo account, i am still learning...
REASONS:
1.VSA analysis
2.MACD Divergence

have i done it correctly sonickers...
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  • #28,290
  • Nov 22, 2011 7:10am Nov 22, 2011 7:10am
GU:

This is a SonicR setup. And the first leg of the WAVE had very high volume, so this should move further down.
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  • #28,291
  • Nov 22, 2011 7:22am Nov 22, 2011 7:22am
Quoting siraj282
It is done in a demo account, i am still learning...
REASONS:
1.VSA analysis
2.MACD Divergence

have i done it correctly sonickers...
You and Sonic took a very tight WAVE. Not sure it actually qualilfies as a WAVE. This is what sometimes happens when we think there is a move going on, and we jump in without quality requirements.

Anyway, it was modestly profitable for you both. But note that your risk was GREATER than the reward!

The color convention for the EP, SL and TPs on a white chart is Black, Red and Green respectively.
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  • #28,292
  • Nov 22, 2011 7:39am Nov 22, 2011 7:39am
GU:

Firstly, the long term (Daily/H4) and local (M15) trend is down. And now, PA is creating a new Wave. Preliminary, ok, because the high of leg2 is not yet confirmed, but this could be setting up a new SonicR short trade. Marked is the EP, and you can see why. If this happens, the break of that EP/S&R area could result in a really good move down. In which case, the TP marked might just be the beginnings of a run spread over more than one day.....
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  • #28,293
  • Nov 22, 2011 7:47am Nov 22, 2011 7:47am
EU:

Same as with GU (see above).
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  • #28,294
  • Nov 22, 2011 7:51am Nov 22, 2011 7:51am
EU:

Entered short.
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  • #28,295
  • Nov 22, 2011 8:00am Nov 22, 2011 8:00am
Quoting traderathome
EU:

Entered short.
What about eu long with small sl and with huge tp?
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  • #28,296
  • Nov 22, 2011 8:11am Nov 22, 2011 8:11am
long...again outside sonicr hours ...
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fokyou forexfactory
  • #28,297
  • Nov 22, 2011 8:15am Nov 22, 2011 8:15am
Quoting Doncex
What about eu long with small sl and with huge tp?
Doncex, you are absolutely correct in trying to see both possibilities. I've chosen to short this due to what I see on H4 (chart attached) and because the M15 SonicR setup had/has Dragon angled down and PA below both the Dragon and the Trend line.

Certainly, as you suggest, PA could make a move up again. After all, EU has been ranging now for a whole week of trading days! It is just that I favor trading with the longer trend if there is a setup to do so.

To the point, there is uncertainty with every trade. Which is why the SL and money management.
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  • #28,298
  • Edited 9:35am Nov 22, 2011 8:19am | Edited 9:35am
kinda hedging with GU LONG ..

got stopped out! grrr
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fokyou forexfactory
  • #28,299
  • Edited 8:55am Nov 22, 2011 8:36am | Edited 8:55am
GU:

Another look,....now, just equate "stopping volumes" with "Close the longs and load up the shorts!"
Speculative, of course.

And, some funtime added speculation..... Maybe the BBs shorted it down thru the asian session lows to test the support at the lower whole number area. Finding it weak support, the BBs "rescued" the price, closing their shorts and going on a long drive back up to where they could close their longs and concentrate on some REALLY BIG SHORTING! (For the "BBs" fans out there.)
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  • #28,300
  • Nov 22, 2011 9:30am Nov 22, 2011 9:30am
Quoting traderathome
You and Sonic took a very tight WAVE. Not sure it actually qualilfies as a WAVE. This is what sometimes happens when we think there is a move going on, and we jump in without quality requirements.

Anyway, it was modestly profitable for you both. But note that your risk was GREATER than the reward!

The color convention for the EP, SL and TPs on a white chart is Black, Red and Green respectively.
thank you TAH...Points taken and learnt..
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