Attachments: Sonic R. System

Sonic R. System

#35,681
May 31, 2012 8:33am May 31, 2012 8:33am

okanemici
Joined Jan 2012 | Status: Trader | 1,005 Posts

Comments below.

Quoting jayjonbeach

Disliked

Awesome, thank you for the explaination. RSI is one of the better Indy's, 3 is a very low value, but it depends how someone wants to use it. (and maybe 3 is suitable for Forex, will play around with it) Usually with RSI 2 or 3 in Stocks or ETF's, you can use such an Indy to help you re-enter into a current trend.

So if trend is up, and RSI 3 becomes oversold while price pulls back, its one indication that now might be a good time to buy in long.

EXACTLY

This takes up very little real estate, its going to stay on my charts...

Ignored

LOW NUMBERS BETTER FOR LONG, THINK THE TREND IS UP BUT THERE IS A PULLBACK, ALL HIGH TIME FRAME RSI 3 IS OVERSOLD SO WHEN ALL ARROWS TURN UP THEY HAVE A LOW RSI 3 READING WHICH IS GOOD FOR LONGS WITH LESS RISK BUYING.

THE OPPOSITE IS GOOD FOR SHORTS, TREND DOWN, PULLBACK, HICH RSI READINGS ,ARROWS TURN DOWN , SHORT WITH HIGH RSI READINGS WITH MINIMUM RISK !

The main idea here is not marrying one pair, finding the pair that is ripe to short or long at that time.It prevents you to trade wrong pair ,lets say eu ,even if you dont see a trade and you take it only because you were bored waiting ! Go pick sth else that is trending

#35,682
May 31, 2012 8:44am May 31, 2012 8:44am

jayjonbeach
| Joined Mar 2012 | Status: PA & VSA "lead" the way | 414 Posts

I can be wrong here, but to me the BB's have made their intentions clear on Ucad.

As you can see here, it sure looks like the "news", was just an EXCUSE for the New York BB's to drive price up and retest the resistance and reload short.

That is what "news" is, most of the time, an excuse to whip prices in whatever direction they want, to load up for the real intended move. I took some small profits before and have now reloaded short, along with them.

This is VSA and TA speculation so take it for what it is

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#35,683
May 31, 2012 8:45am May 31, 2012 8:45am

duyk20
| Joined Oct 2010 | Status: Trader | 1,539 Posts

Where is Sonic?

#35,684
May 31, 2012 9:13am May 31, 2012 9:13am

sonicdeejay
| Commercial User | Joined Mar 2008 | 9,069 Posts

Quoting duyk20

Disliked

Where is Sonic?

Ignored

HERE

I gonna be very busy... as I am assigned to two new projects.

I will trade less and higher TF..

Sonic

#35,685
May 31, 2012 9:37am May 31, 2012 9:37am

duyk20
| Joined Oct 2010 | Status: Trader | 1,539 Posts

Quoting sonicdeejay

Disliked

HERE

I gonna be very busy... as I am assigned to two new projects.

I will trade less and higher TF..

Sonic

Ignored

Noooooo

Forget the projects please..

#35,686
May 31, 2012 9:41am May 31, 2012 9:41am

sonicdeejay
| Commercial User | Joined Mar 2008 | 9,069 Posts

Quoting traderathome

Disliked

EU:

Possible senario. Against the advertised odds,.....but just a typical 150ish pip swing.
(Same pattern on GU. Check it out on your M15 chart.)

Ignored

We do not know how deep the rabbit holes go,,

Sonic

#35,687
May 31, 2012 9:53am May 31, 2012 9:53am

nimsri
| Joined Oct 2011 | Status: Trader | 30 Posts

TP @ 1.5400

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#35,688
May 31, 2012 10:01am May 31, 2012 10:01am

nimsri
| Joined Oct 2011 | Status: Trader | 30 Posts

TP @ 1.2300

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#35,689
May 31, 2012 10:27am May 31, 2012 10:27am

duyk20
| Joined Oct 2010 | Status: Trader | 1,539 Posts

Quoting nimsri

Disliked

TP @ 1.2300

Ignored

Have a similar sell but my hand was itchy, I move SL to BE to soon... it wipes me out and now I'm sitting on my hand...

Should've let the market decide like Master usually did... I just can't do anything once a position is open. Goddam it.

Think once I open a position now, I should've just gone to do something else rather than sitting there, doing stupid thing while watching the market.

#35,690
May 31, 2012 10:29am May 31, 2012 10:29am

d2n
| Joined Oct 2011 | Status: Trader | 2 Posts

Shorted EU at 1.2400, +46 pips and still trailing.

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#35,691
May 31, 2012 1:18pm May 31, 2012 1:18pm

andyvxr
| Joined Dec 2010 | Status: Trader | 444 Posts

Well what a day, 310 pips banked.

Eurusd and eurjpy shorts worked.
The usdcad from last night hit, just got an aussie running short at the mo.

I find it much better trading 30 minutes timeframe following these rules

#35,692
May 31, 2012 2:27pm May 31, 2012 2:27pm

stevepatt
Joined Dec 2010 | Status: Never Stop Learning | 7,323 Posts

This is a very good video for building a risk model and placing more emphasis on R values rather than pip returns which in real terms mean nothing.

Inserted Video

#35,693
May 31, 2012 8:49pm May 31, 2012 8:49pm

jayjonbeach
| Joined Mar 2012 | Status: PA & VSA "lead" the way | 414 Posts

Quoting andyvxr

Disliked

Well what a day, 310 pips banked.

Eurusd and eurjpy shorts worked.
The usdcad from last night hit, just got an aussie running short at the mo.

I find it much better trading 30 minutes timeframe following these rules

Ignored

That is an awesome day nice job

I should have "listened" to my own advice and NOT bet against USD regardless of what VSA was saying. Anything USD related is seeing VSA telling fairy tales of late, and I should have known better.

(it 'worked' the first time, but not the 2nd, of course being a 'scout' was already strike against too)

I did mention, Discipline, is THE hardest Trading 'skill' to master....

#35,694
Edited 10:52pm May 31, 2012 10:28pm | Edited 10:52pm

jasakreatif
Joined Feb 2011 | Status: Trader | 1,825 Posts

Quoting stevepatt

Disliked

This is a very good video for building a risk model and placing more emphasis on R values rather than pip returns which in real terms mean nothing.
http://www.youtube.com/watch?v=4uItN...layer_embedded

Ignored

if dont have a risk model , trading is a scary , afraid to take any position .
risk model made fun to take any position againt and follow , so made profit both .
its just one cent

#35,695
Jun 1, 2012 12:04am Jun 1, 2012 12:04am

worldfreedom
| Joined Oct 2007 | Status: FxProLive.com | 616 Posts

I have entered the AUD NZD Short see Diagram

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#35,696
Jun 1, 2012 1:41am Jun 1, 2012 1:41am

andyvxr
| Joined Dec 2010 | Status: Trader | 444 Posts

Morning All,

Yes it was a good day, I did at the start of the week fall into that trap with the volume suggesting long, then i gave up trying to be the smart money and just traded the system with a stop loss.

As far as i see the volume suggests that the big boys have been accumulating since 1.2740, now we are 400 pips lower either the volume was telling pork pies coming down or there is gonna be one hell of a rally.

This tho could be the end game for the euro, knowing what i know out side of trading, as the Bilderbergs whom have a meeting today are trying to collapse the system on purpose, europe maybe the first of the tri to go followed by america.

One question i have is regarding the sonic setup, do we have to take the wave pattern always through the dragon, or can we take 3 wave setups below the dragon if we are in a downtrend for example ?

Many thanks for comments in advance.

Quoting jayjonbeach

Disliked

That is an awesome day nice job

I should have "listened" to my own advice and NOT bet against USD regardless of what VSA was saying. Anything USD related is seeing VSA telling fairy tales of late, and I should have known better. (it 'worked' the first time, but not the 2nd, of course being a 'scout' was already strike against too)

I did mention, Discipline, is THE hardest Trading 'skill' to master....

Ignored

#35,697
Jun 1, 2012 3:27am Jun 1, 2012 3:27am