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Sonic R. System

  • #31,421
  • Feb 28, 2012 10:25am Feb 28, 2012 10:25am
Quoting traderathome
Market Comment:

USD bulls.

Those Long bars that look to you as USD bulls, is looking to me as a USD bull Trap instead.

We will wait and see immediate action after such long bars and next day's action.
  • #31,422
  • Feb 28, 2012 10:32am Feb 28, 2012 10:32am
Quoting pipphunter
hi guys:

I haven't post for long time. here is the view for dollar index, detail on the chart.

To Sonic, take care mate, sleep early.
To TAH, nice to see you banking truck load of pips every week. & keep training new sonicers...

GL
piphunter, where are you viewing the USD Index?

Do u know if it is available in Alpari?

I want to start to use this, and I am assuming you have been using USD Index for a long and consistent period and hope you can provide some guidance on its usage.

Does observing it first really help to aid in the other currencies' direction ?

Is the main usage only more for E/U as E/U weighs significantly much more in this index ?

How else are you using USD Index for your trading?

Heard there is another index "Weighted USD Index" that have a bigger basket of currencies than the "common USD Index", have you use it as well?
Any comparisons?

Thanks.
  • #31,423
  • Edited 3:58pm Feb 28, 2012 10:35am | Edited 3:58pm
Quoting foxybunny
Those Long bars that look to you as USD bulls, is looking to me as a USD bull Trap instead.

We will wait and see immediate action after such long bars and next day's action.
Yup.

1.3517 for Eur first target-

H.
Attached Image (click to enlarge)
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"The future is already written in the past"
  • #31,424
  • Feb 28, 2012 10:40am Feb 28, 2012 10:40am
I opened buy order.
False breakout and pin bar are strong signal for me.
If you switch to 5M chart, you can also see the wave.

EURUSD
TP: a bit below DR2 1.3519
EP: 1.3452
SL: a bit below Pivot line 1.3407

I'm cautious. I'll move my SL if the price doesn't move to my favor.
Attached Image (click to enlarge)
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  • #31,425
  • Feb 28, 2012 11:29am Feb 28, 2012 11:29am
Quoting foxybunny
piphunter, where are you viewing the USD Index?

Do u know if it is available in Alpari?

I want to start to use this, and I am assuming you have been using USD Index for a long and consistent period and hope you can provide some guidance on its usage.

Does observing it first really help to aid in the other currencies' direction ?

Is the main usage only more for E/U as E/U weighs significantly much more in this index ?

How else are you using USD Index for your trading?

Heard there is another index "Weighted USD Index" that have...
Hi Foxy:

regarding your Qs:
1. I use Ava mt4 demo to see dollar index, they has best range of markets in MT4.

2. I only use dollar index when the pairs give non-clear picture of the trend. the dollar index just like the stock index, it has less noise, and clearer PA compair to individule stock, or pair of currency. at then end of the day, we are trading pro or con of the USD.

3. I do use the index as hints to choose best pair to trade. such as: when we trade bear USD, i prefer to long AU or gold; when trade bull USD then to short EU.

4. I don't pay much attention to what the index includes, it just another chart.

5. these days, my trading approch is more like scalp in / scalp out "PA is everything". I don't try to catch many pips, 35 to 50 pips per trade is good for me, but I must maintain R/R at 2:1 to 3:1; sometime i let the free trade to catch homeruns.

6. i found this approch requires less patience, i can focus on the chart, not to think too much "waht if" kind of question. keep it simple

hope it helps
seeing through
  • #31,426
  • Feb 28, 2012 4:39pm Feb 28, 2012 4:39pm
Quoting sonicdeejay
Possible San Zan is playing out,,,Need a Strong Breakout on Neck Line.

Sonic
Wow, t scenario didn't take place..
Even a bad news data, refuse to tank EU..

Nothing is certain when it comes to trading..


Sonic
  • #31,427
  • Edited 5:07pm Feb 28, 2012 4:52pm | Edited 5:07pm
Quoting traderathome
GU:

Setup for this trade.
Why are you shorting here?, Kindly guide fellow members with the overall market direction.
Market is ranging in 15 mins creating a wrong sense of feeling and putting you in the wrong overall direction. I just take my entries using SONIC after a valid set up in 4HR.

See charts below:

The last chart is 5 mins sorry dint mention that here.

NOTE: 15 Mins entries against main overall directions is basically stop hunting. It will blow your account with whipsaws. We cannot live just by scalping. Find good set ups in Higher timeframe and wait for decent pips to earn your living and then you will see how price moves.. Nothing offensive. Just my humble opinion. Apologize if it hurts anyone.
Attached Image(s) (click to enlarge)
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  • #31,428
  • Feb 28, 2012 7:05pm Feb 28, 2012 7:05pm
Quoting adler
Why are you shorting here?, Kindly guide fellow members with the overall market direction.
Market is ranging in 15 mins creating a wrong sense of feeling and putting you in the wrong overall direction. I just take my entries using SONIC after a valid set up in 4HR.

See charts below:

The last chart is 5 mins sorry dint mention that here.

NOTE: 15 Mins entries against main overall directions is basically stop hunting. It will blow your account with whipsaws. We cannot live just by scalping. Find good set ups in Higher timeframe and wait...
Yea, mate..

Pro USD trade should be taken as counter trend and should watch it like a hawk..

I am glad to find another soniker, taking higher TF as bias..
Sonic
  • #31,429
  • Feb 28, 2012 9:21pm Feb 28, 2012 9:21pm
Quoting pipphunter
Hi Foxy:

regarding your Qs:
1. I use Ava mt4 demo to see dollar index, they has best range of markets in MT4.

2. I only use dollar index when the pairs give non-clear picture of the trend. the dollar index just like the stock index, it has less noise, and clearer PA compair to individule stock, or pair of currency. at then end of the day, we are trading pro or con of the USD.

3. I do use the index as hints to choose best pair to trade. such as: when we trade bear USD, i prefer to long AU or gold; when trade bull USD then to short EU.

4....

piphunter, yeah it helps, thank you.

Found it interesting that when USD Index is bull, you prefer to trade E/U, and when is bear that you prefer to trade A/U and Gold.
  • #31,430
  • Feb 28, 2012 10:37pm Feb 28, 2012 10:37pm
Quoting traderathome
AU:

Entered short (EP= 1.0753).
short @1.08200
Attached Image (click to enlarge)
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Daytrader
  • #31,431
  • Feb 28, 2012 11:20pm Feb 28, 2012 11:20pm
Quoting sonicdeejay
Wow, t scenario didn't take place..
Even a bad news data, refuse to tank EU..

Nothing is certain when it comes to trading..


Sonic

When a perceived pattern failed, possible good entry for the reverse instead.
  • #31,432
  • Feb 29, 2012 1:10am Feb 29, 2012 1:10am
Quoting sonicdeejay
Yea, mate..

Pro USD trade should be taken as counter trend and should watch it like a hawk..

I am glad to find another soniker, taking higher TF as bias..
Sonic
Thanks Sonic,

Quote
Years of sleepless nights to understand this simple concept
HIGHER TIME FRAME IS THE KEY AND LOWER TIME FRAME is for ENTRIES only.
  • #31,433
  • Feb 29, 2012 1:29am Feb 29, 2012 1:29am
Another 4HR Set up

Waiting for Long.....
Attached Image (click to enlarge)
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  • #31,434
  • Edited 2:49am Feb 29, 2012 2:34am | Edited 2:49am
U/CHF possible. PA have touch 89 MA and reserve...

Still wait PA for break.
Attached Image (click to enlarge)
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Keep Simple...!
  • #31,435
  • Feb 29, 2012 3:27am Feb 29, 2012 3:27am
Quoting adler
Another 4HR Set up

Waiting for Long.....

What are you considering is a "Mother Bar" ?

Is it right for me to assume a very Long and full bar ??
If this is the case, what happen when you have a few such bars in proximity, then which is the "Mother Bar" ?

Also are you entering only on a Re-Test of Mother bar, and Not on a breakout of the Mother bar ?
  • #31,436
  • Feb 29, 2012 3:40am Feb 29, 2012 3:40am
Quoting kotlt
U/CHF possible. PA have touch 89 MA and reserve...

Still wait PA for break.
The 89EMA climb up. May turn long. Trying to breach the resistance 0.8957.


Trade safe.

breeze
Attached Image (click to enlarge)
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  • #31,437
  • Feb 29, 2012 3:54am Feb 29, 2012 3:54am
CT short...

Inserted Video



R U Mine.. EU ?
Sonic
Attached Image (click to enlarge)
Click to Enlarge Name: shi.gif Size: 93 KB
  • #31,438
  • Feb 29, 2012 4:12am Feb 29, 2012 4:12am
Quoting sonicdeejay
CT short...

http://www.youtube.com/watch?v=VQH8ZTgna3Q&ob=av2e


R U Mine.. EU ?
Sonic

3520 , 3420 points of my interest
  • #31,439
  • Feb 29, 2012 4:29am Feb 29, 2012 4:29am
as said before eur long sonic trigger 1.3450 will post later chart
stops and shorts hunted very well ....
  • #31,440
  • Feb 29, 2012 7:15am Feb 29, 2012 7:15am
Quoting pipphunter
Hi Foxy:

regarding your Qs:
1. I use Ava mt4 demo to see dollar index, they has best range of markets in MT4.

2. I only use dollar index when the pairs give non-clear picture of the trend. the dollar index just like the stock index, it has less noise, and clearer PA compair to individule stock, or pair of currency. at then end of the day, we are trading pro or con of the USD.

3. I do use the index as hints to choose best pair to trade. such as: when we trade bear USD, i prefer to long AU or gold; when trade bull USD then to short EU.

4....

piphunter, just saw this below post regarding to AvaFX on another thread posted today 29-Feb.

You may want to check it out in case if AvaFX is same as Ava.
And in case the poster comment is accurate about live trading there.

I have not heard of AvaFX or Ava previously so no comment on it.

http://www.forexfactory.com/showthre...88#post5429788
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