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Sonic R. System

  • #36,421
  • Jun 26, 2012 9:03am Jun 26, 2012 9:03am
Quoting traderathome
From S&R on H1. Plus, a whole number area is natural S&R, so for exiting a trade it is good to be getting out some pips beforehand.

Thanks TAH, but unlucky to me... SL hit

http://www.forexfactory.com/attachme...4&d=1340696141
  • #36,422
  • Jun 26, 2012 9:19am Jun 26, 2012 9:19am
Quoting traderathome
EU: Should be seeing a good run up later. The BBs just slammed the price down to create liquidity to get more long orders of their own filled. (This is why with EU I am reluctant to use a hard SL, never know when they will execute this strategy. My trade is still running.)

"This is why with EU I am reluctant to use a hard SL, never know when they will execute this strategy" If you said that earlier..
  • #36,423
  • Jun 26, 2012 9:30am Jun 26, 2012 9:30am
EU I changed my TP to 1.24670 for early exit.

Exit with TP 14.3 Pips.
  • #36,424
  • Jun 26, 2012 9:45am Jun 26, 2012 9:45am
will see it @2401 soon
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  • #36,425
  • Jun 26, 2012 10:00am Jun 26, 2012 10:00am
EU enter long for knowing it is higher low. so end of the down trend. but not suggested to follow. I am maybe too aggressive.
Attached Image (click to enlarge)
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Money Management and Patience is the Key
  • #36,426
  • Jun 26, 2012 10:02am Jun 26, 2012 10:02am
gnitez. we'll see tomorrow. that's last op for EU is 30 pips for tp. let's the market decide. nite folks.
Money Management and Patience is the Key
  • #36,427
  • Jun 26, 2012 10:08am Jun 26, 2012 10:08am
Quoting vickym
I cant seem to find anything about the VSA indicator. Can anyone point me to explanation about this indi? I want to learn how to read it

Thanks
Vicky
I would like to really help you. Please read last 60 pages of the thread post.
  • #36,428
  • Jun 26, 2012 10:17am Jun 26, 2012 10:17am
Quoting GuruKrish
I would like to really help you. Please read last 60 pages of the thread post.
Appreciate!
Fall seven times, stand up Eight! #GGMU
  • #36,429
  • Jun 26, 2012 10:19am Jun 26, 2012 10:19am
Do not long or short with tight SL..

Mkt is side way with more downside bias..


Sonic
  • #36,430
  • Jun 26, 2012 10:27am Jun 26, 2012 10:27am
Quoting vickym
Appreciate!
I can see wave formed for USDJPY. H-L-LH.
  • #36,431
  • Jun 26, 2012 10:30am Jun 26, 2012 10:30am
Quoting sonicdeejay
Do not long or short with tight SL..

Mkt is side way with more downside bias..


Sonic
Great input and advice, Sonic. It helps.
  • #36,432
  • Jun 26, 2012 11:02am Jun 26, 2012 11:02am
Quoting Gu formingruKrish
I can see wave formed for USDJPY. H-L-LH.
Does it mean a Short oppotunity for UsdJpy is
  • #36,433
  • Jun 26, 2012 11:15am Jun 26, 2012 11:15am
Quoting arasheed
Does it mean a Short oppotunity for UsdJpy is
Don't go. It is a ranging market.
  • #36,434
  • Jun 26, 2012 12:35pm Jun 26, 2012 12:35pm
Quoting traderathome
Go ahead.

Sonicers, however, take this predictive sign and await the SonicR long setup with far greater confidence in trading it (pic.1). Note that EU could be staging for a typical 100+ pips swing towards the upper whole number area near RDH. Looks like the BBs pulled one off on GU, also. Under these circumstances, I might let my GU trade run and see if PA makes RDH (pic.2).

-traderathome
EU:

US BBs came in twice to do the same thing. No SonicR long setup yet. Not in the cards for there to be a "soon" upside move, but even more reason now to anticipate that it is coming.
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  • #36,435
  • Jun 26, 2012 12:41pm Jun 26, 2012 12:41pm
Quoting traderathome
GU: Set entry for 1.5571 and was executed late in US session.
GU: Markets are ranging and whippping. Anticipate something bigger coming. For now, however, I closed trade at TP1 for 60 pips gain EP1 to TP1.
Attached Image (click to enlarge)
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  • #36,436
  • Jun 26, 2012 2:37pm Jun 26, 2012 2:37pm
Quoting sonicdeejay
Do not long or short with tight SL..

Mkt is side way with more downside bias..


Sonic
What would you consider "tight"?
  • #36,437
  • Edited 3:13pm Jun 26, 2012 3:00pm | Edited 3:13pm
Quoting pip4life
"This is why with EU I am reluctant to use a hard SL, never know when they will execute this strategy" If you said that earlier..
You haven't been reading the thread. I've been doing and saying this for what?.....over two years?! And besides that, Master Sonicdeejay has also recommended setting a very wide SL, up to 100 pips, when using a SL in order to avoid whips such as PA is currently undergoing.
  • #36,438
  • Jun 26, 2012 3:53pm Jun 26, 2012 3:53pm
EJ: Entered long.
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  • #36,439
  • Jun 26, 2012 4:28pm Jun 26, 2012 4:28pm
Quoting traderathome
EJ: Entered long.
How come that bias is above the dragon and you still buying?
There is no spoon....
  • #36,440
  • Jun 26, 2012 5:51pm Jun 26, 2012 5:51pm
Quoting Buffet
What would you consider "tight"?
Any SL less than 80 pips for EU is considered tight..

Sonic
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