Attachments: Sonic R. System

Sonic R. System

#38,601
Aug 13, 2012 8:02pm Aug 13, 2012 8:02pm

faheem999
| Joined Jul 2012 | Status: Trader | 46 Posts

Quoting traderathome

Disliked

Hansma is the Supply and Demand expert here. You should be directing the question to him.

I'll tell you what I see, though. On the Daily chart PA has returned up to a S&R area, my "quesstimated" center being shown by the red line on my chart. Right at the highs, if you look closely at the candles, you will see two adjacent candles with long wicks. The first has the wick up. The second has the wick down. This order is not significant, but what is significant is the wide swing in price these two candles represent, possibly indicating the market...

Ignored

Thanks Tah
Wish you a successful short on EU....
I hope Hansma can comment on my chart.....

Best regards...

#38,602
Edited 10:58pm Aug 13, 2012 9:38pm | Edited 10:58pm

Grins
| Joined Apr 2012 | Status: Trader | 133 Posts

Apologies for the lack of charts, but I think this is the cross in usdcad and audusd we're looking for. I'm making curry, hence no charts, I'll assume you have your own charts.

edit; bear flag must break in audusd to get me to add to my short. usdcad often is the tea leaf reader in the markets, it seems to want to go higher. eurusd is still diverging from usdcad and audusd, someone is a liar, LOL

audusd has stiff support at 1.050, dipped it's toes in the pool twice, found it too cold to dive in.

Grins

"The more I practice the luckier I get." Gary Player

#38,603
Aug 13, 2012 9:54pm Aug 13, 2012 9:54pm

foxybunny
| Joined Nov 2007 | Status: Trader | 1,157 Posts

Quoting hansma

Disliked

You need to plan your trades - entry points,stops, targets etc. and then wait for price to come to you. What is most important with targets is that you have to ask yourself if there is any room to take a trade in that direction, meaning you are not buying into supply or selling into demand. Price always thinks ahead of you and if you dont have a plan A or B for whatever scenario might arise then you cant trade the markets properly.

If you look at my chart thats how I saw the market today. Clearly defined entry point, stops, targets etc.

It...

Ignored

Hansma, from your chart if you are watching at only just 1-2 bars after point-B, what makes you conclude that Supply has Gone at point-B, rather than it was Supply again at that point-B ??

#38,604
Aug 14, 2012 12:14am Aug 14, 2012 12:14am

kotlt
| Joined Jul 2010 | Status: Trader | 722 Posts

i'm waiting AU setup like that

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Keep Simple...!

#38,605
Aug 14, 2012 1:29am Aug 14, 2012 1:29am

Wqiang
| Joined Jun 2012 | Status: Trader | 57 Posts

Hi all, this is my first post here.

Hope u all can correct me if i draw the PA wrongly.

Thanks
Wqiang

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#38,606
Aug 14, 2012 1:32am Aug 14, 2012 1:32am

mauroby
| Joined Mar 2010 | Status: Trader | 150 Posts

Quoting traderathome

Disliked

EU: Entered short as shown. Good PA wave and Dragon angled down when entry was set late in US session. It later triggered. If you look on H4 you will see the highs last week were the lows back on June 28, and the highs in this last session represent a failure at even lower resistance (lower highs). The failure was a drive up and quickly back down. And if you check, you will see the highest volumes are at the highs of the drive up, so logically that would represent taking advantage of the highs to close longs and convert back to shorts.

Ignored

hi tah ...... Stopped?

#38,607
Aug 14, 2012 2:09am Aug 14, 2012 2:09am

scuderia
| Joined Jun 2009 | Status: Trader | 395 Posts

Quoting mauroby

Disliked

hi tah ...... Stopped?

Ignored

I dun think so. TAH is giving his imaginary SL. Besides today forecast news is good for USD. I still thinking that EU is gona go south. But i have to find proper setup to enter though.

Money Management and Patience is the Key

#38,608
Aug 14, 2012 3:19am Aug 14, 2012 3:19am

mg_vinodkuma
| Joined Feb 2009 | Status: Trader | 289 Posts

short entered ucad.

Cheers
Kumar

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Dragon the best Indicator

#38,609
Aug 14, 2012 4:07am Aug 14, 2012 4:07am

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

See Diagram

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#38,610
Aug 14, 2012 4:08am Aug 14, 2012 4:08am

hansma
Joined Nov 2009 | Status: Only trade at the extreme | 939 Posts

Quoting foxybunny

Disliked

Hansma, from your chart if you are watching at only just 1-2 bars after point-B, what makes you conclude that Supply has Gone at point-B, rather than it was Supply again at that point-B ??

Ignored

Hi foxybunny,

I was looking at the supply to the left of my point B in the chart (first supply area). Also when you have 2 or more supply zones stacked on top of each other in a small area, price in my experience always tends to go for the next one, therefore my targets was set at the 2 remaining supply zones.

Hope this helps