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Sonic R. System

  • #32,701
  • Edited 10:26pm Mar 26, 2012 7:55pm | Edited 10:26pm
Quoting noobguy
Hey TAH, if EU does not tank, at what price might you close those EU positions you have from last week ?
You are a little "out of touch" because I have older positions, too. The trend is down, regardless of this current pop. I am not much reliant on higher TF charts for "steering" directions right now. But I will tell you this. Look at the Daily chart. Wanna bet that before the trend changes to "up" that we don't get a double bottom? I'm betting we do; at least, or a continuation of the trend down.

Looking at the Weekly, we simply have a pullback up towards the Trend area. As you can see, PA has done that before. The euro sucks and the USD is strengthening. Sooner or later PA will resume down. This is just a statement of opinion.
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  • #32,702
  • Mar 26, 2012 7:58pm Mar 26, 2012 7:58pm
Quoting Flamegs23
I saw.
Yea mate..

Trade what the chart show,, not what u think..

The rest, mkt will decide..

Sonic
  • #32,703
  • Mar 26, 2012 8:21pm Mar 26, 2012 8:21pm
Quoting traderathome
You are a little "out of touch" because I have older positions, too. The trend is down, regardless of this current pop. I am not much reliant on higher TF charts for ...
oh ok..appreciate your insights on the market
  • #32,704
  • Mar 26, 2012 9:47pm Mar 26, 2012 9:47pm
Quoting traderathome
That's fine if you believe the Profiteers are going to accomdate your chart interpretation. I don't buy it.

My experience has been that every day is a new day for them. And they decide what to do about pricing based on making profits, not based on historic PA, moving average lines or any technical for that matter.

The Sonic R. System uses the Dragon-Trend on M15 because a valid M15 SonicR setup is indicative of existing momentum that we can trade profitably. This is a far cry from using technicals applied to a weekly chart, or any such high...
Yes, of course !
Market is not moving for any chart !
There nothing mean that.
My intention only was , looking for possible S/R zones, where are a lot of stop and limits orders.
Big money need this areas for get out and reverse or go in.
I donīt uses any chart for predict , that is insane in trading.
As you know, any lines ( fibo, trend lines, S/R, round numbers, etc, etc) in any time frame are mostly where many traders are traps.
This a zero sum game.
The Market will go where more damage make over retail traders and profit make for big players.
  • #32,705
  • Mar 26, 2012 11:00pm Mar 26, 2012 11:00pm
AU:

Entered short (EP= 1.0507). I might not be here for LO, so I decided to risk an entry now, and set a hard SL.
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  • #32,706
  • Mar 26, 2012 11:51pm Mar 26, 2012 11:51pm
Quoting traderathome
AU:

Entered short (EP= 1.0507). I might not be here for LO, so I decided to risk an entry now, and set a hard SL.
Apart from being Pre-LO and small pond trade, it is valid entry..
SL is at logical area too.. Just to make sure do no do any SL movement..

Let t mkt decide,,

Sonic
  • #32,707
  • Mar 27, 2012 12:33am Mar 27, 2012 12:33am
Quoting sonicdeejay
Apart from being Pre-LO and small pond trade, it is valid entry..
SL is at logical area too.. Just to make sure do no do any SL movement..

Let t mkt decide,,

Sonic
Sonic, thank you for your comments. I truely mean it.

You are level headed and wise before your time. You see things with a fundamental perspective that helps bring Sonicers back to the middle of the road, where trading is best and least risky. I always welcome your comments, and the insight they reveal, be they supportive or not.

Please, don't ever worry about "stepping on toes".

-tah
  • #32,708
  • Mar 27, 2012 2:18am Mar 27, 2012 2:18am
EU:

Entered short (EP= 1.3331).
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  • #32,709
  • Mar 27, 2012 2:48am Mar 27, 2012 2:48am
Quoting Yaad
Looks good when the market is trending, but in a ranging market you will get murdered even if you are entering a few pips above/below the set up bar.

Been trying to "perfect" a similar system for some months now, results haven't been that good.
In a range market I use a different system I call support resistance. It is based on the 30M chart and is very simple. After the 4 bounce I have an open with a Sl 20 pips above the R or 20 pips below the S when I profitable 50 pips I use the training SL. This works about 75% of the time for me over the last 6 yrs.
  • #32,710
  • Mar 27, 2012 3:14am Mar 27, 2012 3:14am
Quoting traderathome
EU:

Entered short (EP= 1.3331).
For me it's looks like too fast. Bcz there was no confirmation for sell from other pairs.
Everything is possible!!! Step by Step...
  • #32,711
  • Mar 27, 2012 3:24am Mar 27, 2012 3:24am
Quoting DmitryFX
For me it's looks like too fast. Bcz there was no confirmation for sell from other pairs.
Sorry what is "EP"
  • #32,712
  • Mar 27, 2012 4:13am Mar 27, 2012 4:13am
Quoting traderathome
AU:

Entered short (EP= 1.0507). I might not be here for LO, so I decided to risk an entry now, and set a hard SL.
AU:

Stopped out for 44 pips loss from EP= 1.0507 to SL= 1.0551.
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  • #32,713
  • Mar 27, 2012 4:15am Mar 27, 2012 4:15am
Quoting traderathome
EU:

Entered short (EP= 1.3331).
EU:

Stopped out for 45 pips loss EP= 1.3331 to SL= 1.3376.
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  • #32,714
  • Mar 27, 2012 4:40am Mar 27, 2012 4:40am
possible E/J short
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Keep Simple...!
  • #32,715
  • Mar 27, 2012 5:19am Mar 27, 2012 5:19am
fellas, pls see attached pic. is this normal for two different broker 1st pic is my broker fxprimus 2nd is alpari. thoughts pls.

thanks a lot.
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  • #32,716
  • Mar 27, 2012 5:30am Mar 27, 2012 5:30am
Here's mines.

1st Pix is when PA was ranging around same area, this was Mid Nov- Early Dec.

2nd is where we are at now... Does this tell PA will keep moving upwards? No clue. But one has to remember, the reason why, fundie speaking, the USD was strong vs Euro was because of positive numbers AND fear of Greek defaulting. Now things has eased up, it could move upwards.. Just have to wait and see/find a good entry.

EDIT: Heh, i need to retake English classes!
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  • #32,717
  • Mar 27, 2012 6:04am Mar 27, 2012 6:04am
Quoting alrightfrank
fellas, pls see attached pic. is this normal for two different broker 1st pic is my broker fxprimus 2nd is alpari. thoughts pls.

thanks a lot.
Yes, Frank, this is normal. It happens because broker servers operating on different time zones have different H4 bars, since they start one or more hours apart. This also is true of all higher TFs, but far less noticeable. All TFs from H1 down are the same regardless of time zones, and differ only to the small degree that one broker's book of business might not have the exact OHLC data for each bar as another.
  • #32,718
  • Mar 27, 2012 6:23am Mar 27, 2012 6:23am
Quoting alrightfrank
fellas, pls see attached pic. is this normal for two different broker 1st pic is my broker fxprimus 2nd is alpari. thoughts pls.

thanks a lot.
Different brokers with different server times will produce different candlestick on H4. This is normal.

That is why it is better not to just blindly follow H4 candlestick pattern even if you see a hammer or doji.

H4 is better use for S/R or trendlines, and to make the chart look smaller.
  • #32,719
  • Mar 27, 2012 6:26am Mar 27, 2012 6:26am
Quoting traderathome
EU:

Stopped out for 45 pips loss EP= 1.3331 to SL= 1.3376.

Perhaps now is a possible quick short if EU falls below 1.3350, below the big up bar that hit a high of 1.3385.

But the Wave not really nice at the moment for a down, even if price is below dragon.
  • #32,720
  • Mar 27, 2012 6:38am Mar 27, 2012 6:38am
Quoting foxybunny
Perhaps now is a possible quick short if EU falls below 1.3350, below the big up bar that hit a high of 1.3385.

But the Wave not really nice at the moment for a down, even if price is below dragon.
I suspect the various USD pairs are going to go thru more up/dn when USD redline hits in just under 2.5 hours. Maybe another wave cycle on the USD pairs will provide better setups.
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