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Sonic R. System

  • #33,541
  • Apr 16, 2012 2:31am Apr 16, 2012 2:31am
Enter long Eu at 1.3019* SL at 1.2994 TP 1.3114
Wish to say "scout trade"
Look at that Lichudity creations at 15 min chart EU ,semll that something will hapen soon...
  • #33,542
  • Apr 16, 2012 2:35am Apr 16, 2012 2:35am
EU:

Possible stopping volume, twice now. Today may be an up day. Still too early to be sure of anything, especially with those three USD high impact releases yet to come. This could be a very tricky day, maybe one best to sit out.
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  • #33,543
  • Apr 16, 2012 2:40am Apr 16, 2012 2:40am
Thanks for yours advise ,will trade with care,good look and green pips
Regards
ExpresID
Quoting traderathome
EU:

Possible stopping volume, twice now. Today may be an up day. Still too early to be sure of anything, especially with those three USD high impact releases yet to come. This could be a very tricky day, maybe one best to sit out.
  • #33,544
  • Apr 16, 2012 2:46am Apr 16, 2012 2:46am
Quoting traderathome
I don't think the H4 Dragon supplies any "perfect" clues. If you want to see what a TF chart larger then M15 does show, then heck, look at it! In my opinion, putting multiple TF Dragons on a single chart is deluding yourself. The key on M15 is what is M15 PA doing (wave vs S&R), not what an H4 Dragon is doing! All you are doing is adding clutter to defocus you away from what you need to be focused on.

[b]Sonicers, top trying to reinvent the wheel! Focus on PA waves and S&R and stop looking to change the system because you don't want...
Oh yeah ! Nobody is trying to reinvent the wheel or try to change the system.So you know that 15m chart is for 15 m, 4h chart is for 4h , and I don't know that ? You are missing the point here !
We're human beings and for some reason we might not check 1h or 4h charts all the time,there are many pairs and many timeframes, this might make us make a counter trend trade and get trapped easily! That was why I offered such a visual 4h dragon that doesn't block price action, to remind us that we are in a counter trend trade and be aware, and you think this is not usefull.That is so weird !
Remember Master Sonic Deejay used to inform people when he had a counter trend trade, I think he had a reason to give that extra information !
  • #33,545
  • Apr 16, 2012 2:56am Apr 16, 2012 2:56am
Quoting okanemici
Oh yeah ! Nobody is trying to reinvent the wheel or try to change the system.So you know that 15m chart is for 15 m, 4h chart is for 4h , and I don't know that ? You are missing the point here !
We're human beings and for some reason we might not check 1h or 4h charts all the time,there are many pairs and many timeframes, this might make us make a counter trend trade and get trapped easily! That was why I offered such a visual 4h dragon that doesn't block price action, to remind us that we are in a counter trend trade and be aware, and you think...
Okanemici, my suggestion stands that you keep the M15 chart clear and clean, because we need to focus on PA waves vs SR, not the Dragon, especially not more than one Dragon! The Dragon comes into play after we have a good PA wave vs SR. And then we only use the Dragon to find the key wave leg #3 candle beyond which we enter if also the Dragon has proper angle.

You do what you want, but you can always just look at a higher TF chart when you feel the need to. And, if you think you are forgetting to do that when you should, well......just practice not forgetting.

As far as counter trend setups go, they go just like a trend setups go, just with less liberal TPs usually and which is why Master Sonicdeejay reminds us when the trade is a counter trend trade......not a time to get greedy and end up staying in too long.

-tah
  • #33,546
  • Apr 16, 2012 2:56am Apr 16, 2012 2:56am
Quoting okanemici
Hi fellow Sonicers,

Here is my candidate for a swing short trade for next week.I believe the rise in euraud is over and it is going back to where it came from a couple of weeks ago, 1.24 to 1.22 or even 1.20.

Euraud is trading below 15m dragon and also 4h dragon.As you can see there is also a fresh 34 ema 89 ema cross down on 4h chart and it doesn't look to cross up suddenly.With a 50 and 200 sma cross down on 4h chart, which I expect this week, this baby is going down like a sinking submarine , enjoy the green pips!!!


Here...
I hope fellow sonic traders are making green pips with these early swing calls, they are all going very well
  • #33,547
  • Apr 16, 2012 3:11am Apr 16, 2012 3:11am
Quoting traderathome
EU:

Possible stopping volume, twice now. Today may be an up day. Still too early to be sure of anything, especially with those three USD high impact releases yet to come. This could be a very tricky day, maybe one best to sit out.
I agree with you TAH. The forecast is not good for USD and it probably make both EU and GU go up. But forecast is still forecast and the most important things is the actual result.

After FO and LO. the price is still go around there. There is no telling yet where the price might go. I bet it is best to wait till USD news.
Money Management and Patience is the Key
  • #33,548
  • Apr 16, 2012 3:13am Apr 16, 2012 3:13am
Some1 pls post 15 m chart..
I see done possible bottoming @ 1.3005..

Sonic
  • #33,549
  • Apr 16, 2012 3:23am Apr 16, 2012 3:23am
Quoting sonicdeejay
Some1 pls post 15 m chart..
I see done possible bottoming @ 1.3005..

Sonic
Here it is, Master.
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  • #33,550
  • Apr 16, 2012 3:26am Apr 16, 2012 3:26am
Hi All,

First post. After seeing many referneces to the importance of understanign Volume along with the PA, I have spent the last 2 weeks trying to learn to interpret the volume. Trying to put it to practice. Is what i'm seeing correct?
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  • #33,551
  • Apr 16, 2012 4:12am Apr 16, 2012 4:12am
EU H1 +140
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  • #33,552
  • Apr 16, 2012 4:28am Apr 16, 2012 4:28am
Quoting traderathome
Here it is, Master.
Thx Sir..

The price is way below dragon and higher low is not yet seen..

I gonna be extra picky..

Sonic
  • #33,553
  • Apr 16, 2012 4:30am Apr 16, 2012 4:30am
The weekly candle for EURUSD last week suggests that this week could be a move north.
  • #33,554
  • Apr 16, 2012 4:33am Apr 16, 2012 4:33am
Quoting mavricos
EU H1 +140
Nice, mavricos!
  • #33,555
  • Apr 16, 2012 4:35am Apr 16, 2012 4:35am
Quoting GDR3k
The weekly candle for EURUSD last week suggests that this week could be a move north.
GDR3k, please explain what you see about the weekly candle that suggests to you this week could be a move north. Thanks.

-tah
  • #33,556
  • Apr 16, 2012 5:16am Apr 16, 2012 5:16am
Quoting mavricos
EU H1 +140

gr8 stuff..

http://uberhumor.com/wp-content/uplo...2/04/7RmUq.jpg

Sonic
  • #33,557
  • Apr 16, 2012 5:21am Apr 16, 2012 5:21am
Quoting traderathome
GDR3k, please explain what you see about the weekly candle that suggests to you this week could be a move north. Thanks.

-tah
The inverted hammer (or inverted spinning top or just spinning bottom...if there is such a term for it) to which its low never broke the low of the previous candle, I've seen this time and time again on other timeframes and alot of the time, the price makes a reverse and other times it carrys on with the trend. Again, nothing is certain.

http://www.fxwords.com/b/bullish-inv...ndlestick.html
  • #33,558
  • Apr 16, 2012 5:26am Apr 16, 2012 5:26am
It gonna up?
Attached Image
  • #33,559
  • Apr 16, 2012 5:38am Apr 16, 2012 5:38am
Quoting GDR3k
The inverted hammer (or inverted spinning top or just spinning bottom...if there is such a term for it) to which its low never broke the low of the previous candle, I've seen this time and time again on other timeframes and alot of the time, the price makes a reverse and other times it carrys on with the trend. Again, nothing is certain.

http://www.fxwords.com/b/bullish-inv...ndlestick.html
Inv. Hammer not on the top, it is on the middle of the range

On that link, for the first hammer in the bottom, for the second it has confirmation as morning star
  • #33,560
  • Apr 16, 2012 6:08am Apr 16, 2012 6:08am
http://www.forexfactory.com/showthre...20#post5575520
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