GU H1 . Break where ..... 
- #38,622
- Aug 14, 2012 8:39am Aug 14, 2012 8:39am
- Joined Feb 2011 | Status: Trader | 1,825 Posts
GU H1 . Break where .....
http://desmond.imageshack.us/Himg824...pg&res=landing
http://imageshack.us/photo/my-images...nnybear06.jpg/
- #38,623
- Aug 14, 2012 9:09am Aug 14, 2012 9:09am
Sigh~~
"L-H-HL starting below Dragon for longs, H-L-LH starting above Dragon for shorts, showing "bounce" or “breakthrough” at S&R. Best if WAVE leg #1 crosses thru the Dragon."
H= High, L= Low, HL = Higher Low, LH= Lower High
This understanding is vital to Sonic, learn to recognize Lows, Highs, Higher Lows, etc.
IN THE CHART POSTED I have pointed out entries IGNORING ALL OTHER THINGS so you could see where the entries might be, these are not true entries since other factors are not in line, these are simply to show you where the entries are when the other factors do line up.
I hope this helps,
"The more I practice the luckier I get." Gary Player
- #38,624
- Edited 11:42am Aug 14, 2012 9:47am | Edited 11:42am
My thoughts on eurusd, FWIW I have entered short, a very small position but it's not a Sonic entry for the reasons I have posted on the chart, in my perfect Sonic World price would rebound above the dragon after this new low, then break down again giving us that entry after the M15 candle close.
I welcome all questions or comments, Grins
Edit; Actually, I do see a Sonic entry, but it is just above the support line and one Sonic rule is to not sell into support, or buy into resistance. Perhaps Hansma would give us the Supply and Demand view of this action..., please...
Update; Price has risen into the dragon and once again above support, I'm looking to add to my short on a break below the dragon (M15 candle close) and a BREAK BELOW SUPPORT
I welcome all questions or comments, Grins
Edit; Actually, I do see a Sonic entry, but it is just above the support line and one Sonic rule is to not sell into support, or buy into resistance. Perhaps Hansma would give us the Supply and Demand view of this action..., please...
Update; Price has risen into the dragon and once again above support, I'm looking to add to my short on a break below the dragon (M15 candle close) and a BREAK BELOW SUPPORT
"The more I practice the luckier I get." Gary Player
- #38,626
- Aug 14, 2012 12:06pm Aug 14, 2012 12:06pm
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
Regards,
H.
Yesterday, I posted a chart with what I thought is the supply zone on AudUsd.
TAH told me that you are the expert on the feild of supply/demand analysis and trading using this concept.
Can you direct me on how to "learn" the correct placement of S/D zones.
It will be a great help if you can list some resources to study regarding this concept.
Best regards
Faheem
- #38,627
- Aug 14, 2012 12:15pm Aug 14, 2012 12:15pm
My thoughts on eurusd, FWIW I have entered short, a very small position but it's not a Sonic entry for the reasons I have posted on the chart, in my perfect Sonic World price would rebound above the dragon after this new low, then break down again giving us that entry after the M15 candle close.
I welcome all questions or comments, Grins
Edit; Actually, I do see a Sonic entry, but it is just above the support line and one Sonic rule is to not sell into support, or buy into resistance. Perhaps Hansma would give us the Supply and Demand view...
I'm new to Sonic concept, Hope to learn from you....
EU formen the low as you thought and now is moving lower, but without a full cross through the dragon.
Is this a valid Sonic short??
Best regards
Faheem
- #38,628
- Aug 14, 2012 12:32pm Aug 14, 2012 12:32pm
Hi,
I'm new to Sonic concept, Hope to learn from you....
EU formen the low as you thought and now is moving lower, but without a full cross through the dragon.
Is this a valid Sonic short??
Best regards
Faheem
Look, to you and all. Sonic is not a 'blind follow' signal system! You have to do the work! In this case eurusd broke support, then wandered back up above it, I would absolutely not enter it short until it breaks the support, until it makes new lows. Sonic offers confirmation of the analysis you have already done, if you follow Sonic blindly without doing the background analysis you'll lose money. You must do the chartwork!
Grins
p.s. Please, if TAH or Sonic, or anyone else feels I am overstepping the boundaries of this thread please tell me. I am a new participant here and want to piss no one off or step on anyone's toes. If I have the Sonic Theory wrong tell me! I'm here to learn, as everyone else is, and happy to share what I know. Sharing is caring.
"The more I practice the luckier I get." Gary Player
- #38,629
- Aug 14, 2012 12:50pm Aug 14, 2012 12:50pm
Hi Hansam,
Yesterday, I posted a chart with what I thought is the supply zone on AudUsd.
TAH told me that you are the expert on the feild of supply/demand analysis and trading using this concept.
Can you direct me on how to "learn" the correct placement of S/D zones.
It will be a great help if you can list some resources to study regarding this concept.
Best regards
Faheem
For a more in dept view of how it works please visit
http://acegazette.com/en/
It´s free to join, and is a site for S/D traders created by S/D traders.
In there you can find the missing pieces of the puzzle, so that you will be better at judging any sonic r setup.
Or you can google "sam seiden"
Hope this helps you
Regards,
H.
"The future is already written in the past"
- #38,630
- Aug 14, 2012 3:15pm Aug 14, 2012 3:15pm
"Do the chartwork' the Grins guy keeps saying, just WTF does he mean?
Top down analysis is what I mean, start with the monthly, look for patterns, tendencies, then move to the weekly, then the daily, then H4, then H1, then M15.
If you don't know chart patterns, Fibs, S&R and trendlines ask for resources, you need these tools in your box. I'm working to add S&D to mine, it's a never-ending process, that's what makes it fun!!!
Here is my view of eurusd, please feel free to comment or ask questions, I'm happy to help. In a nutshell, this sucker could bounce off this support, or break it, or dither for days.
Top down analysis is what I mean, start with the monthly, look for patterns, tendencies, then move to the weekly, then the daily, then H4, then H1, then M15.
If you don't know chart patterns, Fibs, S&R and trendlines ask for resources, you need these tools in your box. I'm working to add S&D to mine, it's a never-ending process, that's what makes it fun!!!
Here is my view of eurusd, please feel free to comment or ask questions, I'm happy to help. In a nutshell, this sucker could bounce off this support, or break it, or dither for days.
"The more I practice the luckier I get." Gary Player
- #38,631
- Aug 14, 2012 5:26pm Aug 14, 2012 5:26pm
TAH, you'll love this!
I hope no one was long usdcad with tight stops using FXCM as a broker.
Fact or fiction? You decide, I think it was a broker stop run.
I hope no one was long usdcad with tight stops using FXCM as a broker.
Fact or fiction? You decide, I think it was a broker stop run.
"The more I practice the luckier I get." Gary Player
- #38,632
- Aug 14, 2012 7:40pm Aug 14, 2012 7:40pm
- Joined Feb 2011 | Status: Trader | 1,825 Posts
TAH, you'll love this!
I hope no one was long usdcad with tight stops using FXCM as a broker.
Fact or fiction? You decide, I think it was a broker stop run.
- #38,633
- Aug 14, 2012 7:51pm Aug 14, 2012 7:51pm
TAH on vocation watching olympic , master deejay busy with Oil Silver offshore job , let taking over this thread
To all, I'm taking profits on half my audusd short from 1.0547, +74 pips, trailing stop at 50 pips on the balance with a tp at 1.04429.
Grins
"The more I practice the luckier I get." Gary Player
- #38,636
- Aug 14, 2012 8:40pm Aug 14, 2012 8:40pm
Hi all,
will be for real...???
Correlations; if equities drop, could be a good trade, if eurusd drops as well as commodity currencies it will be a good trade
"The more I practice the luckier I get." Gary Player
- #38,637
- Aug 14, 2012 8:54pm Aug 14, 2012 8:54pm
- Joined Mar 2008 | Status: PVSRA with Traderathome | 23,552 Posts
- #38,638
- Aug 14, 2012 9:03pm Aug 14, 2012 9:03pm
Which way is the dragon and 89ema pointing?
Correlations; if equities drop, could be a good trade, if eurusd drops as well as commodity currencies it will be a good trade
thanks for pointing it out; you perfectly right, at the moment dragon/ema are pointing north, but price will not go up because the emas are pointing up, usually is the opposite
...I was just playing with major s/r, an hypothetical (ugly) h/s forming, considering also that the yen seems palatable for investors in these days...
the r:r seems acceptable (will close half at 1:2 and let the remain till 1:3) so, I pulled the trigger
If will not work out... well I'll loose 1.2% of my balance
Cheers
brax64
- #38,639
- Edited 9:29pm Aug 14, 2012 9:15pm | Edited 9:29pm
Hi Grins,
thanks for pointing it out; you perfectly right, at the moment dragon/ema are pointing north, but price will not go up because the emas are pointing up, usually is the opposite ...
I was just playing with major s/r, an hypothetical (ugly) h/s forming, considering also that the yen seems palatable for investors in these days...
the r:r seems acceptable (will close half at 1:2 and let the remain till 1:3) so, I pulled the trigger
If will not work out... well I'll loose 1.2% of my balance
Cheers
I hope everyone reads your post!! Money management is the key to successful trading and you, my friend, get it! Kudos!
Best of luck!
Grins
"The more I practice the luckier I get." Gary Player
- #38,640
- Aug 14, 2012 9:19pm Aug 14, 2012 9:19pm
An ill wind blows, market commentary.
It feels like this poor Aussie Consumer Confidence number -2.5 has caused the wind to shift. Aussie broke, will usdcad and most importantly..., will eurusd?
Stay tuned
It feels like this poor Aussie Consumer Confidence number -2.5 has caused the wind to shift. Aussie broke, will usdcad and most importantly..., will eurusd?
Stay tuned
"The more I practice the luckier I get." Gary Player