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Sonic R. System

  • #31,061
  • Feb 21, 2012 6:13am Feb 21, 2012 6:13am
Quoting sonicdeejay
Ur TP hit.. Bravo

Sonic
I appreciate the "thumbs up!"

I'm trying my best to take what you (and TAH) have given us,
and to apply it to my trading.

Always searching for the "what if" S/R lines thanks to the education you have provided.

Plan to go live for the first time next month to get a feel for how trading REALLY works, but will keep it small, and as safe as possible while I wet my feet.

  • #31,062
  • Feb 21, 2012 6:43am Feb 21, 2012 6:43am
Quoting ArtfulDodger
I appreciate the "thumbs up!"

I'm trying my best to take what you (and TAH) have given us,
and to apply it to my trading.

Always searching for the "what if" S/R lines thanks to the education you have provided.

Plan to go live for the first time next month to get a feel for how trading REALLY works, but will keep it small, and as safe as possible while I wet my feet.

I strongly suggest you practise on a simulator...either purchase or use mt4 strategy tester with simulator like vhands and the like...you will be so suprised
wo-yoy! wo-yoy! wo-yoy! wo-yoi! wo-yoy-yoy-yoy!
  • #31,063
  • Feb 21, 2012 7:42am Feb 21, 2012 7:42am
Quoting pemully
I strongly suggest you practise on a simulator...either purchase or use mt4 strategy tester with simulator like vhands and the like...you will be so suprised
Thanks for the tip, pemully.

I have been demo trading for over four years, and just feel
that it is high time I take the plunge and get some experience
with live trading now.

I don't plan to take any great risks, but I honestly believe
that I need to see things from a different perspective now,
and going live is the only way to do it.

I have no grand expectations of vast riches from trading. I do, however,
believe that money can be made with the techniques that Sonicdeejay
and TAH (in addition to all the other contributors to this thread) have
provided us. I have studied quite a few other methods of trading, and
finally came to the realization that PA is the only reliable factor in them
all. Nobody can know where the price will go, be we CAN be ready to
take advantage of the move by the use of the SonicR method.

  • #31,064
  • Feb 21, 2012 8:04am Feb 21, 2012 8:04am
Quoting ArtfulDodger
Just a thought.....

Wouldn't it be better to eliminate the "volume" indicator and just create some type of "alert" that there is an increased amount of "activity" instead?

Activity could indicate the potential for some change in direction, and it is difficult (apparently) to train our brains to think in terms of activity rather than volume. Volume is useless to us since it isn't volume in the true sense of the word.

Some cute little color indicator that would bring the presence of activity to our attention might be useful to us.

...
The proposed new template includes both colored "clilmax volume" candles and volume indicators, which imply concentrated trading by the "big players" and as such, is sufficient to alert trader where they are doing their trading. That, and subsequent PA tells the story quite adequately.
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  • #31,065
  • Feb 21, 2012 8:30am Feb 21, 2012 8:30am
EU H1
entered long with 3re up candle opening(3235) , some will wait break point 2
my view of point
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  • #31,066
  • Feb 21, 2012 8:43am Feb 21, 2012 8:43am
Quoting traderathome
The proposed new template includes both colored "clilmax volume" candles and volume indicators, which imply concentrated trading by the "big players" and as such, is sufficient to alert trader where they are doing their trading. That, and subsequent PA tells the story quite adequately.
That is true, but I was relating more to the "volume as volume" as apposed to "volume as activity" that seems to always confuse everyone.
  • #31,067
  • Feb 21, 2012 8:45am Feb 21, 2012 8:45am
Quoting alkenany
EU H1
entered long with 3re up candle opening(3235) , some will wait break point 2
my view of point
Entered long EurUsd @ 1.3245.
Do you expect 100 Pips up??

arasheed
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  • #31,068
  • Feb 21, 2012 8:50am Feb 21, 2012 8:50am
Quoting arasheed
Entered long EurUsd @ 1.3245.
Do you expect 100 Pips up??

arasheed
I set my first tgt 3335
  • #31,069
  • Feb 21, 2012 9:10am Feb 21, 2012 9:10am
Quoting alkenany
I set my first tgt 3335
At the moment it has moved down!

arasheed
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  • #31,070
  • Feb 21, 2012 9:27am Feb 21, 2012 9:27am
Quoting arasheed
At the moment it has moved down!

arasheed
sorry i was away
it is ok , i allready in ,either the sl or tgt
  • #31,071
  • Feb 21, 2012 9:43am Feb 21, 2012 9:43am
EU:

LONG Entry
EP: 1.32542

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Trade with discipline and respect the market...
  • #31,072
  • Feb 21, 2012 9:45am Feb 21, 2012 9:45am
Quoting alkenany
sorry i was away
it is ok , i allready in ,either the sl or tgt
You are right it is noww OK. My TP is 100 Pips and SL 50 Pips.

arasheed
  • #31,073
  • Feb 21, 2012 9:47am Feb 21, 2012 9:47am
Quoting alkenany
sorry i was away
it is ok , i allready in ,either the sl or tgt
You are right it is now OK. My TP is 100 Pips and SL 50 Pips.

arasheed
  • #31,074
  • Feb 21, 2012 9:47am Feb 21, 2012 9:47am
Quoting sonicdeejay
I am in.. See how it goes..

Sonic
I have closed my pos..I was out with frenz


Nite

Sonic
  • #31,075
  • Feb 21, 2012 10:12am Feb 21, 2012 10:12am
Quoting ashkan_no9
EU:

LONG Entry
EP: 1.32542

close half of position @ 1.32727
SL @ BE +4
Trade with discipline and respect the market...
  • #31,076
  • Feb 21, 2012 10:49am Feb 21, 2012 10:49am
very rangy market.. My gains got stopped out at BE after NY opened
  • #31,077
  • Edited 11:43am Feb 21, 2012 11:15am | Edited 11:43am
Quoting traderathome
Market "rescued" price before it threatened to close the gap; keeping price up in this 1.3200 - 1.3300 range, maybe until Wednesday's releases.

We have yet to hear from the US gang. And I wouldn't put it past them to execute a whopping whip up also.
I still see the US price action as a push up to create liquidity for shorting. It's not exactly a "whopping whip up", not yet anyway. Time will tell what this all means. The next flurry of USD high impact releases does not begin until tomorrow. Then we have three days of them. It simply looks like all the succession of the BBs in the market have pushed prices up just to close longs and go short; first the asian BBs, then the Frankfurt BBs, then the London BBs and now the US BBs. And there is still time before the first of the next group of USD high impact releases for this all to be repeated once again!
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  • #31,078
  • Feb 21, 2012 11:55am Feb 21, 2012 11:55am
AU:

Re-entry short (EP= 1.0686). M5 Dragon/trend on M15. Outside of London session, but sometimes the US BBs get frisky after the rest of the competition has quit for the day. This could go up or down, but it looks like PA weakened at the S&R area, so it might drop some more.
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  • #31,079
  • Feb 21, 2012 12:10pm Feb 21, 2012 12:10pm
Master Sonic,

San Zan with an echo!
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  • #31,080
  • Feb 21, 2012 12:23pm Feb 21, 2012 12:23pm
Quoting ArtfulDodger
That is true, but I was relating more to the "volume as volume" as apposed to "volume as activity" that seems to always confuse everyone.
Volume by itself can be very misleading. For example, in asian session there can suddenly be a relative very high increase in trading, but how significant is an increase from say "14" to say "44" when the London session has typically an average of say "344"? Yet, just one of those "44" trades could be for 100 million dollars of currency! You see the problem. What looks significant, in the larger scope isn't,.....but yet it might be!

The significance of "climax" volume is that it shows sudden concentrations of trading that plain old volume bars don't. And so whether asian session or London session, it has significance. Still, it has significance only because it identifies the range areas the BBs like to trade off of or stop at, and as a "confirm" or "not confirm" indicator to be used in evaluating a future setup. It does get us away from a lot of other ways to try and squeeze info from the volume histogram, most of which are flawed, especially outside of the London session.
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