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Sonic R. System

  • #29,741
  • Edited 12:45pm Jan 18, 2012 12:30pm | Edited 12:45pm
Quoting Basber
I liked it ...

Regards,
Basber
Me too. For me, the tip-off came when the US BBs made their first play after coming off the US bank holiday. They torpedoed both EU and GU. I commented at the time that the engulfing candle might be a sign of a dive for building a long position. I was referring to EU, but GU was a carbon copy of the strategy (http://www.forexfactory.com/showthre...77#post5302377).

What I am about to say is more speculation. It is this. I doubt the expense to drive the price down was made to capture a measly 100 pips on the first run back up. There could be a lot more to this yet to come.
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  • #29,742
  • Jan 18, 2012 1:03pm Jan 18, 2012 1:03pm
Quoting traderathome
GU:

This started as an M1 entry last session. Now M15 PA wave is formed, and looks like the trade might be on. It might break up now, and it might not. And if it does, FO/LO could pull it down again; that is always a possibility. This looks like a trade representing a bounce up off the half number area. If it runs as such, it could easily go 100+ pips up to the next higher half number area that is within the day range.
GU:

Moved SL to BE+. Decided not to take trade #1 profit at TP1, but instead at TP2 and let trade #2 ride.
Attached Image (click to enlarge)
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  • #29,743
  • Jan 18, 2012 3:49pm Jan 18, 2012 3:49pm
Quoting traderathome
GU:

Moved SL to BE+. Decided not to take trade #1 profit at TP1, but instead at TP2 and let trade #2 ride.
Hello "traderathome",

could you give me indicator you use in your charts for trading sessions and candle time?

thanks
  • #29,744
  • Jan 18, 2012 4:47pm Jan 18, 2012 4:47pm
Quoting adamsultan7
Hello "traderathome",

could you give me indicator you use in your charts for trading sessions and candle time?

thanks
Post #1.
  • #29,745
  • Jan 18, 2012 4:49pm Jan 18, 2012 4:49pm
Quoting adamsultan7
Hello "traderathome",

could you give me indicator you use in your charts for trading sessions and candle time?

thanks
"Being picky only cost your time - not MONEY"...Hans
  • #29,746
  • Jan 18, 2012 5:27pm Jan 18, 2012 5:27pm
Quoting traderathome
Post #1.
I'm sorry
thank you
  • #29,747
  • Jan 18, 2012 6:23pm Jan 18, 2012 6:23pm
Hi:

I've 2 scenaries tomorrow...i've not BIAS because the Daily chart is traped inter support and resistance.

we'll see what happen.

I'm waiting for the first trade in the week (if it happen... if not i'll let the week to pass, no problem)

Regards,
Nando.
Attached Image(s) (click to enlarge)
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Click to Enlarge Name: eu-20-01-2012_sonic_daily.gif Size: 21 KB
"Being picky only cost your time - not MONEY"...Hans
  • #29,748
  • Jan 18, 2012 6:37pm Jan 18, 2012 6:37pm
Quoting nando_rich
Hi:

I've 2 scenaries tomorrow...i've not BIAS because the Daily chart is traped inter support and resistance.

we'll see what happen.

I'm waiting for the first trade in the week (if it happen... if not i'll let the week to pass, no problem)

Regards,
Nando.
Thanks, Nando. Sound and sensible.
  • #29,749
  • Jan 18, 2012 6:42pm Jan 18, 2012 6:42pm
Quoting traderathome
Thanks, Nando. Sound and sensible.

You're wellcome TAH...

I'm trying to have a plain every day...so if it happen i know what do...


No prob if i don't trade a whole week.


No emotional trading...plan your trade, trade your plan.

Regards,
Nando.
"Being picky only cost your time - not MONEY"...Hans
  • #29,750
  • Edited 7:03pm Jan 18, 2012 6:52pm | Edited 7:03pm
Market Comment:

Multiple USD high impact releases are coming at the same time later today. We stick to the rules, but here is a thought. If PA drifts up (examples: EU and GU) beforehand, then maybe the market is anticipating wacking the prices and is looking for highs from which to it. If instead, PA goes into strong pullbacks downwards beforehand, then maybe the market anticipates another strong leg up in response to the releases. This is just speculation on what beforehand PA might signify. Don't trade on this because it is just speculation based on things that have happened in the past, and it could be way off the mark this time! Safest would be to wait for the market to respond to the releases, and accordingly, if a proper setup triggers.

Here is another thought. Often times in the past, over the years, if there is a big move on releases, there comes an opposite move later which is much easier to trade. This opposite move might come some days later, or just a day later, or even just some hours later! There is no need to hurry into a trade, or into a trade entry just because one anticipates high volatility resulting from high impact releases. You might be motivated to grab at a move based on releases, but there are often later moves that are as nice, and a lot less stressful to trade.
  • #29,751
  • Jan 18, 2012 11:47pm Jan 18, 2012 11:47pm
Quoting traderathome
Me too. For me, the tip-off came when the US BBs made their first play after coming off the US bank holiday. They torpedoed both EU and GU. I commented at the time that the engulfing candle might be a sign of a dive for building a long position. I was referring to EU, but GU was a carbon copy of the strategy (http://www.forexfactory.com/showthre...77#post5302377).

What I am about to say is more speculation. It is this. I doubt the expense to drive the price down was made to capture a measly 100 pips on the first run back...
I am looking for the ADR,where can I find it?
I already checked post 1.
With God all things are possible.
  • #29,752
  • Jan 19, 2012 1:48am Jan 19, 2012 1:48am
Short taken
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  • #29,753
  • Edited 3:03am Jan 19, 2012 2:09am | Edited 3:03am
Quoting Flamegs23
Short taken
the same here..let's see how it goes

EDIT: SL hit -30pips
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Patience is the key.
  • #29,754
  • Jan 19, 2012 2:36am Jan 19, 2012 2:36am
i am waiting for retest....
  • #29,755
  • Jan 19, 2012 2:40am Jan 19, 2012 2:40am
Quoting nando_rich
Hi:

I've 2 scenaries tomorrow...i've not BIAS because the Daily chart is traped inter support and resistance.

we'll see what happen.

I'm waiting for the first trade in the week (if it happen... if not i'll let the week to pass, no problem)

Regards,
Nando.
I have a sell order sitting @ 1.2830.

Comments are on the picture.

Regards,
Basber
Attached Image(s) (click to enlarge)
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Trading methods are designed to put the odds in our favor, not predicting.
  • #29,756
  • Jan 19, 2012 2:45am Jan 19, 2012 2:45am
Quoting Flamegs23
Short taken
Taken out at my SL
  • #29,757
  • Jan 19, 2012 2:49am Jan 19, 2012 2:49am
I entered long EU 2868, SL -30 pips 2838
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Keep Simple...!
  • #29,758
  • Edited 3:09am Jan 19, 2012 2:59am | Edited 3:09am
Quoting kotlt
I entered long EU 2868, SL -30 pips 2838
Moved SL to 2870 because hit + 20 pips
Keep Simple...!
  • #29,759
  • Jan 19, 2012 3:04am Jan 19, 2012 3:04am
Quoting kotlt
Moved SL to 2870 because hit + pips
I decied to out this position with +15 pips because bad news for Euro. Do not want to play with news .
Keep Simple...!
  • #29,760
  • Edited 3:46am Jan 19, 2012 3:18am | Edited 3:46am
Quoting traderathome
GU:

Moved SL to BE+. Decided not to take trade #1 profit at TP1, but instead at TP2 and let trade #2 ride.
GU:

With multiple pending USD high impact releases later I decided to close both trades #1 and #2 at TP2, for 96 pips gained from EP= 1.5352 to TP2= 1.5448 for each trade.

With about four hours to go before the beginning of the flurry of USD releases there is plenty of time for PA to still move either way, but I'll sit the market out now until afterwards.
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