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Sonic R. System

  • #29,761
  • Jan 19, 2012 3:48am Jan 19, 2012 3:48am
I've attached (hopefully) a chart on the Euro/Yen.
New to this thread and would like advice if the setup is okay
Attached Image (click to enlarge)
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  • #29,762
  • Jan 19, 2012 3:48am Jan 19, 2012 3:48am
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.
Plan A active...

Buy stop: 1.2907.

Going to sleep and let the market to decide.

Good day for all.

Regads,
Nando.
"Being picky only cost your time - not MONEY"...Hans
  • #29,763
  • Jan 19, 2012 4:42am Jan 19, 2012 4:42am
Quoting Chuckyisback
I've attached (hopefully) a chart on the Euro/Yen.
New to this thread and would like advice if the setup is okay
No long for me, because of the lower low (red arrow) which has formed, even if it provide green pips.

Regards,
Basber
Attached Image (click to enlarge)
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Trading methods are designed to put the odds in our favor, not predicting.
  • #29,764
  • Jan 19, 2012 5:34am Jan 19, 2012 5:34am
TP1 or SL @ BE if u have Long..
they may have some sort of pullback as it is hitting last week high and seem resistance @ 1.288x..

Sonic
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  • #29,765
  • Jan 19, 2012 7:00am Jan 19, 2012 7:00am
Quoting sonicdeejay
TP1 or SL @ BE if u have Long..
they may have some sort of pullback as it is hitting last week high and seem resistance @ 1.288x..

Sonic

Nice swing trade and nice patience...you've caught almost whole the swing...


Regards,
Nando.
"Being picky only cost your time - not MONEY"...Hans
  • #29,766
  • Jan 19, 2012 7:04am Jan 19, 2012 7:04am
Quoting Basber
I have a sell order sitting @ 1.2830.

Comments are on the picture.

Regards,
Basber
Great! I love your charts ... I missed them ... keep posting, we learn a lot from a master like you.

Regards,
Nando.
"Being picky only cost your time - not MONEY"...Hans
  • #29,767
  • Jan 19, 2012 9:28am Jan 19, 2012 9:28am
Market Comment:

Sonikers, the incident of four USD high impact releases is now past. That does not mean that the market has yet begun it's true reaction, however. At this point, using EU as the example, PA was pushed up prior to the event and has now only pulled back down to the nearest local S&R. From here it could get torpedoed, or the BBs might be assessing further investment in longs for another drive up.

It is late in the London session, so it will be interesting if any clues are presented in the time remaining.
Attached Image (click to enlarge)
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  • #29,768
  • Jan 19, 2012 9:47am Jan 19, 2012 9:47am
Adjusting Trendline, Waiting for short opportunity ...

Regards,
Basber
Attached Image(s) (click to enlarge)
Click to Enlarge Name: eu.jpg Size: 99 KB
Click to Enlarge Name: eu2.jpg Size: 113 KB
Trading methods are designed to put the odds in our favor, not predicting.
  • #29,769
  • Jan 19, 2012 10:23am Jan 19, 2012 10:23am
Quoting Basber
Adjusting Trendline, Waiting for short opportunity ...

Regards,
Basber
Isn't it too late to enter as London closes soon?
  • #29,770
  • Jan 19, 2012 10:28am Jan 19, 2012 10:28am
Quoting phi1ipp
Isn't it too late to enter as London closes soon?
It's a good looking setup for me. Yes, it's late, but it's worth the risk for me. Orders set at 1.3870. Even if it take my order, the trade will go through friday ...

Regards,
Basber
Trading methods are designed to put the odds in our favor, not predicting.
  • #29,771
  • Edited 11:13am Jan 19, 2012 10:30am | Edited 11:13am
EU:

Entered SonicR long (EP= 1.2902).

Edit: Second pic, raised SL to BE+. London session is over and there is no telling what the US BBs might execute now. It could go higher, but another pullback and then it dies on the vine until tomorrow is also possible. This is a good time to assure no loss.
Attached Image(s) (click to enlarge)
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  • #29,772
  • Jan 19, 2012 11:09am Jan 19, 2012 11:09am
Quoting nando_rich
Plan A active...

Buy stop: 1.2907.

Going to sleep and let the market to decide.

Good day for all.

Regads,
Nando.
The plain worked fine...Trade closed early in supply h1 zone, because the london sesion is over.

+25 pips.

Regards,
Nando.
Attached Image(s) (click to enlarge)
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"Being picky only cost your time - not MONEY"...Hans
  • #29,773
  • Jan 19, 2012 11:55am Jan 19, 2012 11:55am
EU Comment:

On M5, following the close of the London session, PA was pulled back down to local SR. Volume is dropping off. It might die on the vine, or it might get resurrected. FE levels on the M5 setup shown are looking valid, however. And there is still more to go in the day range.
Attached Image (click to enlarge)
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  • #29,774
  • Edited 2:37pm Jan 19, 2012 12:43pm | Edited 2:37pm
EP : edge of dragon +10p
Trailing Stop 25p
TP 1 : fibo 100 (Ratio near reach 1:2)
TP 2 : fibo 161.8

Set TP 1 and sleep (LS over . Volume reduction)
Attached Image (click to enlarge)
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  • #29,775
  • Jan 19, 2012 2:35pm Jan 19, 2012 2:35pm
Quoting Dehyah
I am looking for the ADR,where can I find it?
I already checked post 1.
Take a look in the upper left hand corner of the chart where it says "Range"
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  • #29,776
  • Jan 19, 2012 3:17pm Jan 19, 2012 3:17pm
Quoting traderathome
EU:

Entered SonicR long (EP= 1.2902).

Edit: Second pic, raised SL to BE+. London session is over and there is no telling what the US BBs might execute now. It could go higher, but another pullback and then it dies on the vine until tomorrow is also possible. This is a good time to assure no loss.
EU:

Manually closed trade #1 for 65 pips gain from EP= 1.2902 to close= 1.2967. For trade #2, moved SL even higher and moved TP2 higher.
Attached Image (click to enlarge)
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  • #29,777
  • Jan 19, 2012 4:28pm Jan 19, 2012 4:28pm
Quoting ArtfulDodger
Take a look in the upper left hand corner of the chart where it says "Range"
Thank you.
With God all things are possible.
  • #29,778
  • Jan 19, 2012 7:12pm Jan 19, 2012 7:12pm
My trade plan to the london sesion is long...if the PA allow me.

I can't see shorts in the Daily chart until 1.307x (next resistance)...so initialy my bias is long...

Of course i have boths scenaries in my chart, but i think i just took the long at least the short is very clear.

This is my plan, you can have yours.

Plan your trade...trade your plan.


Regards,
Nando.
Attached Image(s) (click to enlarge)
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"Being picky only cost your time - not MONEY"...Hans
  • #29,779
  • Jan 19, 2012 8:32pm Jan 19, 2012 8:32pm
EU Comment:

The late US session yesterday put price up to the week range high mark. Today the asian session so far fails to challenge that level. There is a EUR medium impact release coming later, and then a USD high impact release. Possibly some clues will appear, but this being Friday the market might decide to leave things be. It could simply be a lackluster day, with the market going off early for the weekend, and to conjure up what will be next week.
Attached Image (click to enlarge)
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  • #29,780
  • Jan 19, 2012 10:25pm Jan 19, 2012 10:25pm
Quoting maxryan9999
EP : edge of dragon +10p
Trailing Stop 25p
TP 1 : fibo 100 (Ratio near reach 1:2)
TP 2 : fibo 161.8

Set TP 1 and sleep (LS over . Volume reduction)

Hit TP 1 at 1.2961 (54p) (tomorow SL 39)


Quoting ArtfulDodger
Take a look in the upper left hand corner of the chart where it says "Range"
"Range" it helps us to do? or how to use it . Thank

Max
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