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Sonic R. System

  • #38,801
  • Aug 22, 2012 3:01am Aug 22, 2012 3:01am
Quoting traderathome
Both your charts show a nice PA wave formed. However, you do see that any suggested entry is not during the LS? So, you sort of risk entering "after the race is overwith" and before the next race gets set up,....and no telling what that will look like.
Also just a couple more things:
1. From the screenshot, does it seem that I have everything setup correctly for the system to work?
2. Can you please point me to the post that discusses the VSA bars in details.

Thanks.
  • #38,802
  • Aug 22, 2012 3:10am Aug 22, 2012 3:10am
Quoting kashTrader
Also just a couple more things:
1. From the screenshot, does it seem that I have everything setup correctly for the system to work?
2. Can you please point me to the post that discusses the VSA bars in details.

Thanks.
LS= London Session (London open to London close)

Yes, seems your chart is set up ok. No, there is no single post on VSA. It is an "on going" topic. But some specifics may have been included in posts releasing the indicators/templates. Essentially, there is no substitute for just reading along in the thread when it comes to this.
  • #38,803
  • Aug 22, 2012 3:19am Aug 22, 2012 3:19am
Quoting traderathome
LS= London Session (London open to London close)

Yes, seems your chart is set up ok. No, there is no single post on VSA. It is an "on going" topic. But some specifics may have been included in posts releasing the indicators/templates. Essentially, there is no substitute for just reading along in the thread when it comes to this.
Thanks TAH
  • #38,804
  • Edited 3:51am Aug 22, 2012 3:21am | Edited 3:51am
GU Commentary:

For any watching, this has just been pumped above the upper whole number. There is no reason for this, i.e., no "news" other than the two upcoming USD high impact releases today. Therefore, one might logic it out that the BBs are pumping the price up another step, and once again to close longs and take on shorts ahead of events that might possibly be catalysts that start a considerable move down.

This was a Sonic R. long setup that so far has gone for about 25 pips. But it would be trading ahead of major releases, and so with added risk, even if with the trend. It could go for more, but even if it does not the 25 pips is great. This is testimony that the Sonic R. System can find decent trades no matter what has gone before, or what is pending. Just note the risk and have good money management.
Attached Image (click to enlarge)
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  • #38,805
  • Aug 22, 2012 3:22am Aug 22, 2012 3:22am
Quoting traderathome
Both your charts show a nice PA wave formed. However, you do see that any suggested entry is not during the LS? So, you sort of risk entering "after the race is overwith" and before the next race gets set up,....and no telling what that will look like. Your bold lines mark a conservative EP. The one "sell" line on the AU chart seems way to late. If your plan is to just scalp out of the asian session, don't delay your EP off a decent setup, and don't gamble on getting much more than 10-25 pips, normally.
TAH, the bold lines are EP for when the LH or HL are crossed by the price action. Isn't this where the entry should normally be? Could you please perhaps guide me to how I can make an earlier safe entry?
  • #38,806
  • Aug 22, 2012 3:42am Aug 22, 2012 3:42am
Quoting kashTrader
TAH, the bold lines are EP for when the LH or HL are crossed by the price action. Isn't this where the entry should normally be? Could you please perhaps guide me to how I can make an earlier safe entry?
The initial trade entry is at least a few pips beyond the end of the first candle of the PA wave leg #3 that exits the Dragon. For a trade re-entry you can do as you like, but one recommendation is to let PA pass thru the previous significant HLs, just where you marked your bold lines. So they represent a recommended re-entry level. The AU "sell" is below one of these lines, and so is a late entry.

"Safe" entry? There is no such thing. In fact, the whole of trading is not "safe". Keep that in mind.
  • #38,807
  • Edited 5:35am Aug 22, 2012 4:28am | Edited 5:35am
EU M15
Long EU 1 pips near 1.2475
SL about 19 pips at 1.2458
-----------------------------------
Set Final TP at 1.2525
-----------------------------------
Experiencing "near death" moment...
It just such a...
Attached Image(s) (click to enlarge)
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Click to Enlarge Name: 22 august -2 2012.gif Size: 108 KB
fooled by randomness in art
Meditation All Time Return: 8.9%
  • #38,808
  • Aug 22, 2012 5:36am Aug 22, 2012 5:36am
Quoting RoelsMajor
EU M15
Long EU 1 pips near 1.2475
SL about 19 pips at 1.2458
-----------------------------------
Set Final TP at 1.2525
-----------------------------------
Experiencing "near death" moment...
It just such a...
I know there is all this hype that it is going up and possibly will hit 1.2525. But, will this high prices and hitting and failing thrice at 1.47, I don't think going Long would be ideal. Also, the USD news may cause a huge drop.
  • #38,809
  • Aug 22, 2012 5:38am Aug 22, 2012 5:38am
Quoting traderathome
The initial trade entry is at least a few pips beyond the end of the first candle of the PA wave leg #3 that exits the Dragon. For a trade re-entry you can do as you like, but one recommendation is to let PA pass thru the previous significant HLs, just where you marked your bold lines. So they represent a recommended re-entry level. The AU "sell" is below one of these lines, and so is a late entry.

"Safe" entry? There is no such thing. In fact, the whole of trading is not "safe". Keep that in mind.

Got you TAH. I guess I just have to keep working at it and will learn. I going through the thread and will be posting now and then to discuss my thought and my understanding. Your time and reply is highly appreciated.

Thanks for the warning. I didn't mean to say "safe", it was more like "conservative" : )

Thanks again
  • #38,810
  • Aug 22, 2012 5:51am Aug 22, 2012 5:51am
What do you think?
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  • #38,811
  • Aug 22, 2012 5:57am Aug 22, 2012 5:57am
?
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  • #38,812
  • Aug 22, 2012 6:01am Aug 22, 2012 6:01am
Quoting RoelsMajor
EU M15
Long EU 1 pips near 1.2475
SL about 19 pips at 1.2458
-----------------------------------
Set Final TP at 1.2525
-----------------------------------
Experiencing "near death" moment...
It just such a...
SL hit for -19 pips loss
Now I am really "dead"!
fooled by randomness in art
Meditation All Time Return: 8.9%
  • #38,813
  • Aug 22, 2012 6:13am Aug 22, 2012 6:13am
Quoting RoelsMajor
SL hit for -19 pips loss
Now I am really "dead"!
I was going to happen ...... Never Mind
  • #38,814
  • Aug 22, 2012 6:52am Aug 22, 2012 6:52am
Possible short
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  • #38,815
  • Aug 22, 2012 7:04am Aug 22, 2012 7:04am
Market Comment:

Sonicers, just a reminder today has two USD high impact releases. One is coming in just about 2 hours. Be very careful about taking any USD pair trade beforehand, especially if the trade direction is anti-USD. As time progresses, any anti-USD move before the releases could be short, and put on by the market only to obtain more, nicely priced, pro-USD positions ahead of the releases.

Not saying to not take a good setup, regardless of direction. Just reminding, and suggestion caution and good money management.

-tah
  • #38,816
  • Aug 22, 2012 7:41am Aug 22, 2012 7:41am
I "think" a possible GU setting forming
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  • #38,817
  • Aug 22, 2012 7:45am Aug 22, 2012 7:45am
yeah think so too, maybe short trade before news
  • #38,818
  • Aug 22, 2012 7:47am Aug 22, 2012 7:47am
GO SONIC R
  • #38,819
  • Aug 22, 2012 8:13am Aug 22, 2012 8:13am
Quoting kashTrader
I "think" a possible GU setting forming
Your charts on N/U, E/G, and G/U looks more like SonicR setups than the U/J.
  • #38,820
  • Aug 22, 2012 8:14am Aug 22, 2012 8:14am
Quoting foxybunny
Your charts on N/U, E/G, and G/U looks more like SonicR setups than the U/J.
Sorry whats U/J?
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