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Sonic R. System

  • #35,201
  • May 22, 2012 2:27pm May 22, 2012 2:27pm
UCad:

Entered Scout short (EP= 1.0210).
Attached Image (click to enlarge)
Click to Enlarge Name: may 2012 - 166.gif Size: 44 KB
  • #35,202
  • May 22, 2012 2:48pm May 22, 2012 2:48pm
Quoting arunsudhilal
EP: 1.0204
TP: 1.0225(+21 pips)
SL: 1.0184(-20 pips)
Kudos
"The more I practice the luckier I get." Gary Player
  • #35,203
  • May 22, 2012 3:35pm May 22, 2012 3:35pm
Quoting traderathome
UCad:

Entered Scout short (EP= 1.0210).
Just got back from Doctor and jumped on this, Shooting stars at resistance M15, M30 and H1 and all kinds of selling at the highs.

Putting on my "badge"
  • #35,204
  • May 22, 2012 3:48pm May 22, 2012 3:48pm
I went short on EUR/USD M30 chart when price pulled back to the dragon and then dropped below a support line I drew (aqua line). Set stop loss at 60 (above lower high), took profit at 60 just above the weekly trendline below.

Got 60 pips profit with an MAE of 18.
Attached Image (click to enlarge)
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  • #35,205
  • Edited 4:04pm May 22, 2012 3:53pm | Edited 4:04pm
Quoting jayjonbeach
My money was on Gold weakness, as that is what I see big picture, and small picture. So far so good, took some off for now, might try and re-enter.

Gold's was successful, target reached. Note Gold, there was NO backtest of the Neckline (actually depends where you draw it and which TF), this sometimes happens for much faster moving Instruments, sometimes the SPX will do this as well.
8 hours later, told cha

Now here is something I didn't notice building unfortunately, I will blame my damn Doctor Appointment.

Take a look how the little H&S at the top, which once executed and target reached, Gold tried to go recover the Neckline, and Failed miserably.

Then, in the process, it builds another shoulder for a bigger pattern. This happens sometimes and is cool when it does.

Right now, Gold has been the "tell" for me more than Bucky, who has been sneaky and hiding his intentions well. As I said before though, USD is in strong uptrend, till it isn't. 82 on Weekly is HUGE
Attached Image(s) (click to enlarge)
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Click to Enlarge Name: 2012-05-21-TOS_CHARTSdx.png Size: 72 KB
  • #35,206
  • May 22, 2012 4:15pm May 22, 2012 4:15pm
Quoting traderathome
EU:

This might be an inverted H&S. Jayjonbeach might let us know for sure. If so, I foresee possible move up to RDH, maybe higher. But only if the neckline is broken upwards; best if in conjunction with SonicR long setup. That might not be until the London session since right now the Dragon is angled down. No telling if, or when.
Here is an important thing to note about Head and Shoulders, which I overlooked earlier and did not point out.

This pattern is either a topping pattern, or, if at the bottom, a bottoming formation.

With this in mind, you have to be careful where you look for these.

Technically the "inverse" Head and Shoulders you found on EU, isn't really at the bottom. (It is the bottom of a very small move, but at the top of bigger move). This might account for its failure, and I've seen many people get caught this way (including me if not paying attention)
  • #35,207
  • May 22, 2012 4:21pm May 22, 2012 4:21pm
Quoting traderathome
UCad:

Entered Scout short (EP= 1.0210).
Alright, I think I have beaten this pattern to death, and by now, everyone in thread might hate Head and Shoulders.

It is a VERY important pattern, and my favourite pattern, but I guess I will just shut up about them for awhile.

One more, for the road, though (only speculative at this point)
Attached Image (click to enlarge)
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  • #35,208
  • May 22, 2012 7:45pm May 22, 2012 7:45pm
Quoting jayjonbeach
A couple of things to be very careful of on the really big picture, EUR and USD

82 is big for USD, potentially really big
I've been harping on this 82 for more than a month, maybe two, it has been a BIG magnet, well as of now it's finally hit, to the penny.

Now we will see, just what Bucky has in store. Will it finally take a significant rest after this milestone? I know Traders under water everywhere are hoping this is the case, some in this thread too.

No one knows, but if you look at the chart I posted in the quote above, this is the most likely spot for such a pause, if its going to happen. If not, well, I guess there won't be any relief in sight judging by the chart.
  • #35,209
  • May 22, 2012 8:17pm May 22, 2012 8:17pm
UJ:

Entered short (EP= 79.92).
Attached Image (click to enlarge)
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  • #35,210
  • May 22, 2012 9:32pm May 22, 2012 9:32pm
Quoting arunsudhilal
EP:1.2733
TP:1.2687(+46pips)
SL:1.2777(-44pips)
R:R 1:1
Hit TP for 46 pips
Attached Image (click to enlarge)
Click to Enlarge Name: eu-m15-short.jpg Size: 119 KB
What Goes Up Must Come Down, But When?
  • #35,211
  • May 22, 2012 9:37pm May 22, 2012 9:37pm
Quoting arunsudhilal
EP: 1.0204
TP: 1.0225(+21 pips)
SL: 1.0184(-20 pips)
Hit TP for 21 pips
Attached Image (click to enlarge)
Click to Enlarge Name: usdcad-short.jpg Size: 131 KB
What Goes Up Must Come Down, But When?
  • #35,212
  • May 22, 2012 9:56pm May 22, 2012 9:56pm
Quoting traderathome
UJ:

Entered short (EP= 79.92).
I'm sorry Mr. Tah I would like to ask about your EP, even if the wave is correct it is still palying above the dragon and the dragon is on flat position why are you entering short, is there some reason behind it? if so would you mind to share with us
  • #35,213
  • May 22, 2012 10:16pm May 22, 2012 10:16pm
Quoting traderathome
UJ: Entered short (EP= 79.92).
UJ: TP reached for 37 pips gain EP= 79.92 to TP= 79.55.
Attached Image (click to enlarge)
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  • #35,214
  • May 22, 2012 10:21pm May 22, 2012 10:21pm
Quoting zarach
I'm sorry Mr. Tah I would like to ask about your EP, even if the wave is correct it is still palying above the dragon and the dragon is on flat position why are you entering short, is there some reason behind it? if so would you mind to share with us
It was an M15 setup which I tracked on H1. Even on H1 the wave was fine and the Dragon just beginning to turn down at the very end of it. It was the M15 Dragon-Trend displayed on the H1 chart.
  • #35,215
  • May 22, 2012 11:30pm May 22, 2012 11:30pm
GU:

Stalking SonicR long (EP= 1.5763 area) using M5 Dragon-Trend on M15 chart, preliminary chart. Still a ways to go to London session, but if PA hits EP zone beforehand I intend to start the trade.
Attached Image (click to enlarge)
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  • #35,216
  • May 23, 2012 12:06am May 23, 2012 12:06am
Quoting traderathome
GU:

Stalking SonicR long (EP= 1.5763 area) using M5 Dragon-Trend on M15 chart, preliminary chart. Still a ways to go to London session, but if PA hits EP zone beforehand I intend to start the trade.
TAH whats the benefit of using a M5 dragon on the M15 chart
MM
  • #35,217
  • May 23, 2012 12:37am May 23, 2012 12:37am
Quoting Mymoney
TAH whats the benefit of using a M5 dragon on the M15 chart
Some traders like to trade on M5 occasionally (early setups). This way they can have the benefit of the M5 Dragon-Trend setup while also having the bigger PA picture of M15 PA.
  • #35,218
  • May 23, 2012 12:46am May 23, 2012 12:46am
Quoting traderathome
GU:

Stalking SonicR long (EP= 1.5763 area) using M5 Dragon-Trend on M15 chart, preliminary chart. Still a ways to go to London session, but if PA hits EP zone beforehand I intend to start the trade.
I am thinking of going short again on GU tah. Coz i think the forecast news is bad for GBP and good for USD. i am thinking for going short
Attached Image (click to enlarge)
Click to Enlarge Name: gu.gif Size: 28 KB
Money Management and Patience is the Key
  • #35,219
  • May 23, 2012 12:53am May 23, 2012 12:53am
Quoting scuderia
I am thinking of going short again on GU tah. Coz i think the forecast news is bad for GBP and good for USD. i am thinking for going short
I hear you. I have two reasons for considering that this might go up. One: the double bottom (H4 shows nicely). Two: recently there has been more trading at the lows than at the highs, which suggests buying dominates.
Attached Image(s) (click to enlarge)
Click to Enlarge Name: gu.gif Size: 28 KB
Click to Enlarge Name: may 2012 - 171.gif Size: 23 KB
  • #35,220
  • May 23, 2012 1:01am May 23, 2012 1:01am
Quoting traderathome
I hear you. I have two reasons for considering that this might go up. One: the double bottom (H4 shows nicely). Two: recently there has been more trading at the lows than at the highs, which suggests buying dominates.
That's also true. that it is perfectly double bottom on H4 chart. therefore i wait till it PA break that SR(support resistance) but it still best to wait till LO
Money Management and Patience is the Key
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