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Sonic R. System

  • #38,541
  • Aug 10, 2012 10:08am Aug 10, 2012 10:08am
Quoting Konata
Ow... I got hit with -30 pips on GU....
And also -25p on EU...

Did I do wrong here, or just one of those days? :/
selling into support...

you need to pay more attention to supply and demand zone which was pointed out by member hansma this week.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #38,542
  • Edited 10:44am Aug 10, 2012 10:16am | Edited 10:44am
supply demand didnt work at may , whole week become supply

ego trade
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  • #38,543
  • Aug 10, 2012 10:26am Aug 10, 2012 10:26am
Quoting hansma
No - not just one of those days.

If you look at almost all of the candles from yesterday as price continued to go down they where candles with spikes down.

Normally you would think that these candles are clearing demand on the way down.

What they in fact do is clearing supply at each level, ie they are longing at each of these levels.

So that when price reaches where they want it to be, price shoots up like a rocket, because there is no supply left at any level to stop it, since it has already been consumed.

Now the tricky part of course is...
Hansma, I know S&D is quite different from support and resistance, could you point me to some good reading on the topic for the weekend. Thanks!

Grins
"The more I practice the luckier I get." Gary Player
  • #38,544
  • Aug 10, 2012 10:39am Aug 10, 2012 10:39am
Quoting Grins
Hansma, I know S&D is quite different from support and resistance, could you point me to some good reading on the topic for the weekend. Thanks!

Grins
Sure Mate, no prob.

Try acegazette.com - it´s free to join. It´s a site for traders created by traders.

Theres a ton of good info there. Enjoy. You might learn something.

Regards,
H.
"The future is already written in the past"
  • #38,545
  • Aug 10, 2012 10:59am Aug 10, 2012 10:59am
Quoting hansma
Sure Mate, no prob.

Try acegazette.com - it´s free to join. It´s a site for traders created by traders.

Theres a ton of good info there. Enjoy. You might learn something.

Regards,
H.
Thanks mate! Enjoy your weekend!
"The more I practice the luckier I get." Gary Player
  • #38,546
  • Aug 10, 2012 11:22am Aug 10, 2012 11:22am
Quoting SimpleR
AUDUSD BUY
Closed +33 pips. Need to relax.
  • #38,547
  • Aug 10, 2012 2:59pm Aug 10, 2012 2:59pm
Quoting emmanuel7788
selling into support...

you need to pay more attention to supply and demand zone which was pointed out by member hansma this week.

Hi emmanuel

Can you elaborate on the subject of supply and demand and how to spot it oh the chart.

You will do me a great help.
thanks
  • #38,548
  • Aug 10, 2012 7:29pm Aug 10, 2012 7:29pm
Just wanted to say thanks for everyone posting this week! I know I have a grand total of 1 post on this thread, but I watch it like a hawk. A special thanks to Grins and hansma!

Grins, your analysis this week was spot on (at least in my opinion). You brought my attention to some charts that I overlooked, and both my account and I would like to thank you!

Hansma, I was looking for some good reading material, since I just finished The Way of the Turtle, which I highly recommend. That website should keep me occupied for a while.

Have a great weekend everyone!
I'm a dog chasing cars.
  • #38,549
  • Aug 10, 2012 8:43pm Aug 10, 2012 8:43pm
Quoting faheem999
Hi emmanuel

Can you elaborate on the subject of supply and demand and how to spot it oh the chart.

You will do me a great help.
thanks
Hey faheem,

I know I'm not emmanuel, but maybe I can help. If you are new to the concept of S&R, I first recommend reading this for a basic introduction:

http://www.babypips.com/school/eleme...stance-levels/

Also, this article (even though it's in the context of stocks) is a great supplement to the link above:

http://www.swing-trade-stocks.com/su...esistance.html

James16's thread, if read entirely, will not only greatly improve your understanding of S&R, but your overall understanding of price action considerably. Though I can't speak for everyone using the Sonic R. System, the Sonic System coupled with a great understanding of price action has greatly improved my trading. Here's the link to James16's thread:

http://www.babypips.com/school/eleme...stance-levels/
I'm a dog chasing cars.
  • #38,550
  • Edited 10:44pm Aug 10, 2012 10:32pm | Edited 10:44pm
Quoting Konata
Ow... I got hit with -30 pips on GU....
And also -25p on EU...

Did I do wrong here, or just one of those days? :/
In my chart, AU reached S/R zone 1.0504-1.0514. After that AU had L-H-LH. I do not say AU bull or bear, but at least i banked my long AU 1.0526 at 1.0540.

I lost in GU too,i thought GU will down to 1.5540, but i do not surpise. After GU touch support line 1.5591, GU also have L-H-LH and go to north.


Just my own view.
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Keep Simple...!
  • #38,551
  • Aug 11, 2012 6:31am Aug 11, 2012 6:31am
Hi everyone

Inserted Video


Happy Weekend.
  • #38,552
  • Aug 11, 2012 11:17am Aug 11, 2012 11:17am
Thanks GURU, very relaxed MTV.
  • #38,553
  • Edited 3:36pm Aug 11, 2012 12:26pm | Edited 3:36pm
Quoting ElectroGypsy
Just wanted to say thanks for everyone posting this week! I know I have a grand total of 1 post on this thread, but I watch it like a hawk. A special thanks to Grins and hansma!

Grins, your analysis this week was spot on (at least in my opinion). You brought my attention to some charts that I overlooked, and both my account and I would like to thank you!

Hansma, I was looking for some good reading material, since I just finished The Way of the Turtle, which I highly recommend. That website should keep me occupied for a while.

Have...
Wow, that's really nice to hear, thanks for that! It was a good week and I'm glad to have had a small part in that. Thanks also for the reading material you posted on S&R, lots of info. Adding a note, support and resistance is not the same as supply and demand.

And, stop lurking!

Grins
"The more I practice the luckier I get." Gary Player
  • #38,554
  • Aug 12, 2012 9:04am Aug 12, 2012 9:04am
Quoting faheem999
Hi emmanuel

Can you elaborate on the subject of supply and demand and how to spot it oh the chart.

You will do me a great help.
thanks

hi faheem,

for some basic introduction, watch this video:

Inserted Video


also there is a e-book at this thread.
http://www.forexfactory.com/showthread.php?t=352479


regards,
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #38,555
  • Aug 12, 2012 11:41am Aug 12, 2012 11:41am
Quoting ElectroGypsy
Hey faheem,

I know I'm not emmanuel, but maybe I can help. If you are new to the concept of S&R, I first recommend reading this for a basic introduction:

http://www.babypips.com/school/eleme...stance-levels/

Also, this article (even though it's in the context of stocks) is a great supplement to the link above:

http://www.swing-trade-stocks.com/su...esistance.html

James16's thread, if read entirely, will not only greatly improve your understanding of S&R, but your overall understanding of...

thank you for the great help
I will follow your advice and real all recommendation

best regards
  • #38,556
  • Aug 12, 2012 12:00pm Aug 12, 2012 12:00pm
Quoting emmanuel7788
hi faheem,

for some basic introduction, watch this video:

http://www.youtube.com/watch?feature...&v=wPGrnklaHxo

also there is a e-book at this thread.
http://www.forexfactory.com/showthread.php?t=352479


regards,
Thanks emmanuel.....
great help
  • #38,557
  • Aug 12, 2012 12:02pm Aug 12, 2012 12:02pm
Quoting Grins
Wow, that's really nice to hear, thanks for that! It was a good week and I'm glad to have had a small part in that. Thanks also for the reading material you posted on S&R, lots of info. Adding a note, support and resistance is not the same as supply and demand.

Oops...I completely misread his request. Well, hopefully some people can put my links to good use!
I'm a dog chasing cars.
  • #38,558
  • Aug 12, 2012 3:38pm Aug 12, 2012 3:38pm
took this trade before marketclos on friday - lol - maybe i´m a zombie -

but it works in 99%

come on take a look on it in 25 mins ...



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Inserted Video


i make with one trade more as some sonicers with 1000 trades on micrlots ....

lol

enigma4x
enjoy my life ... and ride the waves - all what I do
  • #38,559
  • Aug 12, 2012 4:06pm Aug 12, 2012 4:06pm
Quoting enigma4x
took this trade before marketclos on friday - lol - maybe i´m a zombie -

but it works in 99%

come on take a look on it in 25 mins ...



Attachment

http://www.youtube.com/watch?v=P7vHQFwRbj4

i make with one trade more as some sonicers with 1000 trades on micrlots ....

lol

enigma4x
- i was right - yap - i know it is amazing -

i know there are a lot of people outhere who waiting for that - that i´m wrong ...



but - i would not enigma4x - if that would happen - lol

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Click to Enlarge Name: long_usdcad2.jpg Size: 236 KB


enigma4x
enjoy my life ... and ride the waves - all what I do
  • #38,560
  • Aug 12, 2012 5:03pm Aug 12, 2012 5:03pm
Quoting enigma4x
- i was right - yap - i know it is amazing -

i know there are a lot of people outhere who waiting for that - that i´m wrong ...



but - i would not enigma4x - if that would happen - lol

Attachment

enigma4x
No idea what I'm supposed to be looking at or why, has the King got any clothes on????? No didn't think so!!!
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