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Sonic R. System

  • #31,741
  • Mar 8, 2012 11:02pm Mar 8, 2012 11:02pm
AU:

This might be a good one to watch for a SonicR short setup later. PA has for the third time been pushed up into what might be a Distribution Area, where the BBs close longs (sell) and open shorts (sell). And this most recent move up is on lower volume than the previous, which is a sign that the BBs are finding slimmer pickins' than before. In other words, there are fewer short stops to hit and there are fewer pending long orders to trigger execution thereof, i.e., the effort to create liquidity for shorting is meeting with less success than previously.

It is still early, several hours yet before LO, and many more hours before the three USD redline releases hit. More spikes up can occur, especially once the London session gets underway. And even at/after the USD releases, there could be a whopper of a whipsaw up/down that could hit/exceed the day range high mark briefly, before falling back down.

So, be careful. But as a short, this looks like it has good potential should we get a setup later.
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  • #31,742
  • Mar 9, 2012 1:00am Mar 9, 2012 1:00am
AU:

Entered short (EP= 1.0631).
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  • #31,743
  • Mar 9, 2012 1:02am Mar 9, 2012 1:02am
Quoting traderathome
AU:

This might be a good one to watch for a SonicR short setup later. PA has for the third time been pushed up into what might be a Distribution Area, where the BBs close longs (sell) and open shorts (sell). And this most recent move up is on lower volume than the previous, which is a sign that the BBs are finding slimmer pickins' than before. In other words, there are fewer short stops to hit and there are fewer pending long orders to trigger execution thereof, i.e., the effort to create liquidity for shorting is meeting with less success...
That resistance is moving 800. I like using 800 on M15, it always works well
  • #31,744
  • Mar 9, 2012 1:08am Mar 9, 2012 1:08am
Quoting traderathome
AU:

Entered short (EP= 1.0631).
Why do you place such a big stop ? I don't understand this part, you can wait for a better set up with small loss. My loss is never more then 15 pips, but i am always looking for good set up, if price will hit my loss, i was wrong, but it is small
  • #31,745
  • Mar 9, 2012 1:17am Mar 9, 2012 1:17am
My stop was 8 pips, my profit 100, I have 1:12.
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  • #31,746
  • Mar 9, 2012 1:19am Mar 9, 2012 1:19am
Hiya tah,

Why have your taken this short ?

Looks risky to me, i will write back to you also about my trade yesterday on the EURAUD, it was a wrong trade, but by using a recovery system i came out with +5 pips

Thanks for the template suggestion, did you mention something in a post yesterday about drawing the right type of 3 wave pattern using a clock panel ?

If so can you explain this more please.

Many thanks for your comments on my post.

Andy
  • #31,747
  • Mar 9, 2012 1:23am Mar 9, 2012 1:23am
Quoting andyvxr
Hiya tah,

Why have your taken this short ?

Looks risky to me, i will write back to you also about my trade yesterday on the EURAUD, it was a wrong trade, but by using a recovery system i came out with +5 pips

Thanks for the template suggestion, did you mention something in a post yesterday about drawing the right type of 3 wave pattern using a clock panel ?

If so can you explain this more please.

Many thanks for your comments on my post.

Andy

Andy,

what recovery system ?
  • #31,748
  • Mar 9, 2012 1:25am Mar 9, 2012 1:25am
Quoting traderathome
AU:

Entered short (EP= 1.0631).
I have entered short AU (EP= 1.0653)

arasheed
  • #31,749
  • Mar 9, 2012 1:26am Mar 9, 2012 1:26am
Hiya,

Its a recovery system from another system on the website, that i learnt about.

To do with the TMA.
  • #31,750
  • Mar 9, 2012 1:31am Mar 9, 2012 1:31am
Quoting traderathome
Mavricos, Master Sonicdeejay started and maintains this thread for the benefit of others, not himself. He has a full-time job as a project engineer which has frequently precluded him from participation on this thread.

He has set forth a price dominate, elegantly simple and effective trading system, with only a few (but important) rules, and some wise recommendations. How many pips he, you, or Santa Claus makes is totally immaterial. What matters is: it works, everything here is free, and how many pip will you make?

Personally, I cannot fathom...
Sonic always used to show his results, and was just queries whats happen. Ha ha, that is not only America, that example has every book about motivation. Systems works, i used it for a while, it is great system. I don't like only new trend on the big SL, newbies will get busted really fast. I been looking through the charts, and I saw one chart with big SL, so what profit his gonna have to cover that SL.
  • #31,751
  • Mar 9, 2012 1:46am Mar 9, 2012 1:46am
Hiya

Potential Long on GBPUSD.

Volume Supports this on a 5 minute chart at support.
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  • #31,752
  • Mar 9, 2012 2:05am Mar 9, 2012 2:05am
Quoting andyvxr
Hiya

Potential Long on GBPUSD.

Volume Supports this on a 5 minute chart at support.
Support was broken, it should be resistance now
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  • #31,753
  • Mar 9, 2012 2:15am Mar 9, 2012 2:15am
Hiya,

No there is support on a 5 minute chart which is the daily pivot at 1.5794

Not broken until PA closes underneath which it as not yet.
  • #31,754
  • Mar 9, 2012 2:18am Mar 9, 2012 2:18am
Quoting andyvxr
Hiya,

No there is support on a 5 minute chart which is the daily pivot at 1.5794

Not broken until PA closes underneath which it as not yet.
Yes, but range was broken, and support was retested, that is a good sign to go short. But anyway, i wouldn't go short at 4:30 news release
  • #31,755
  • Mar 9, 2012 2:21am Mar 9, 2012 2:21am
Hiya,

Its building longs, the volume and bars are telling me, downbars are occuring with PA closing in the middle indicates buying by the SM, and the volume is higher on those bars.

Quoting mavricos
Yes, but range was broken, and support was retested, that is a good sign to go short. But anyway, i wouldn't go short at 4:30 news release
  • #31,756
  • Mar 9, 2012 2:29am Mar 9, 2012 2:29am
Quoting andyvxr
Hiya,

Its building longs, the volume and bars are telling me, downbars are occuring with PA closing in the middle indicates buying by the SM, and the volume is higher on those bars.
I don't like volume, but there is dragonfly and hammer, made tweezers,that is strong sign to go long
But still there is no orders right now, price is in dealing range, first gbp has to be loaded to go higher
  • #31,757
  • Mar 9, 2012 2:33am Mar 9, 2012 2:33am
I agree
  • #31,758
  • Mar 9, 2012 2:51am Mar 9, 2012 2:51am
Quoting traderathome
Mavricos, Master Sonicdeejay started and maintains this thread for the benefit of others, not himself. He has a full-time job as a project engineer which has frequently precluded him from participation on this thread.

He has set forth a price dominate, elegantly simple and effective trading system, with only a few (but important) rules, and some wise recommendations. How many pips he, you, or Santa Claus makes is totally immaterial. What matters is: it works, everything here is free, and how many pip will you make?

Personally, I cannot fathom...

6-inches of rock, wonder how many posts to read of SonicR is 6-inches to the Gold mine ?

If people read 6-more-inches of your posts, they would know at least a little nugget of why/how you trade the way you do, what is the basic Classic SonicR, and all the template configurations you have provided.
  • #31,759
  • Mar 9, 2012 2:53am Mar 9, 2012 2:53am
Quoting mavricos
That resistance is moving 800. I like using 800 on M15, it always works well
"...is moving 800."

????

Care to explain?
  • #31,760
  • Edited 3:15am Mar 9, 2012 3:01am | Edited 3:15am
Quoting andyvxr
Hiya,

Its building longs, the volume and bars are telling me, downbars are occuring with PA closing in the middle indicates buying by the SM, and the volume is higher on those bars.
Try different TFs to see what volume/price says. This I've shown is very bearish.

Edit: Added 2nd pic, M15, also volume/price story very bearish. Dragon down, PA below Dragon and below Trend. And now below central pivot.
Attached Image(s) (click to enlarge)
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