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Sonic R. System

  • #38,861
  • Aug 24, 2012 2:53am Aug 24, 2012 2:53am
Quoting RoelsMajor
Short EU @ 1.2545
Quick move to BE now...
TP @ 1.2475
could be, but it is not good setup for me
i need good 1 2 3 wave
  • #38,862
  • Aug 24, 2012 2:58am Aug 24, 2012 2:58am
Quoting alrightfrank
still waiting...
that is what i ment
thnx
  • #38,863
  • Aug 24, 2012 3:07am Aug 24, 2012 3:07am
Quoting RoelsMajor
Short EU @ 1.2545
Quick move to BE now..TP @ 1.2475
Quoting alkenany
could be, but it is not good setup for me
i need good 1 2 3 wave
Actually, there is a good PA wave for EU. And though the first candle exiting the Dragon on Leg #3 is quite long, you can still place EP a few pips beyond and not be more that 20 pips away from the Dragon. PA even pulled back up to that EP area, and is doing so again now (after pic taken).
Attached Image (click to enlarge)
Click to Enlarge Name: aug 2012 - 111.gif Size: 38 KB
  • #38,864
  • Aug 24, 2012 3:24am Aug 24, 2012 3:24am
Quoting RoelsMajor
Short EU @ 1.2545
Quick move to BE now...
TP @ 1.2475
Stopped at BE...
fooled by randomness in art
Meditation All Time Return: 8.9%
  • #38,865
  • Aug 24, 2012 4:09am Aug 24, 2012 4:09am
Refering back to stopping hunting by FXCM on UC, as a newbee I would like to know if having a ECN broker account would eliminate this kind of PA behavior?
  • #38,866
  • Aug 24, 2012 4:13am Aug 24, 2012 4:13am
Quoting svezir
Refering back to stopping hunting by FXCM on UC, as a newbee I would like to know if having a ECN broker account would eliminate this kind of PA behavior?
There are two sources of such behaviour: some brokers with dealing desks, and other trading firms with lots of money. If you go with a broker that has no dealing desk, then you eliminate one of those sources, but not the other (which nobody can eliminate).
  • #38,867
  • Aug 24, 2012 4:21am Aug 24, 2012 4:21am
EU forming short ?
Attached Image (click to enlarge)
Click to Enlarge Name: EU_short.png Size: 38 KB
Dragon the best Indicator
  • #38,868
  • Aug 24, 2012 4:31am Aug 24, 2012 4:31am
EU: Now a 2nd PA wave, with slightly lower EP area.
Attached Image (click to enlarge)
Click to Enlarge Name: aug 2012 - 112.gif Size: 39 KB
  • #38,869
  • Aug 24, 2012 4:33am Aug 24, 2012 4:33am
Quoting mg_vinodkuma
EU forming short ?

according to this strategy, i think your sell stop is way to late. there was an oppurtunity when #leg3 of the wave left the dragon few minutes ago.
  • #38,870
  • Aug 24, 2012 4:41am Aug 24, 2012 4:41am
Quoting traderathome
EU: Now a 2nd PA wave, with slightly lower EP area.
Yes exactly! But price has been manipulated, thinking "they" won't go down...
It's not normal market...We might called it "pathologic"...
fooled by randomness in art
Meditation All Time Return: 8.9%
  • #38,871
  • Aug 24, 2012 6:12am Aug 24, 2012 6:12am
Tah,

can you help to share us how we can trade EJ chart.
After price moved away we could see the direction for the price.Earlier to that..it was so difficult to identify its move.

Regards
Attached Image (click to enlarge)
Click to Enlarge Name: EJ_short.png Size: 47 KB
Dragon the best Indicator
  • #38,872
  • Aug 24, 2012 6:13am Aug 24, 2012 6:13am
what do you think about this setup?
Attached Image (click to enlarge)
Click to Enlarge Name: eurcad15.jpg Size: 113 KB
  • #38,873
  • Aug 24, 2012 7:11am Aug 24, 2012 7:11am
I think he was looking for a second EP (re-entry) and that was why his Sell Stop was after the HL then his EP would be sane.

Quoting O3TZi
according to this strategy, i think your sell stop is way to late. there was an oppurtunity when #leg3 of the wave left the dragon few minutes ago.
Veni, Vidi, Vici
  • #38,874
  • Aug 24, 2012 7:15am Aug 24, 2012 7:15am
In my humble opinion, caution, EU, EJ, GU and AU are bearish bias.

This should mean USDCAD should be bullish but I may be wrong.



Quoting O3TZi
what do you think about this setup?
Attached Image (click to enlarge)
Click to Enlarge Name: uc 24.08.12.gif Size: 42 KB
Veni, Vidi, Vici
  • #38,875
  • Aug 24, 2012 7:31am Aug 24, 2012 7:31am
thanks for your opinion, got out with a smal plus
  • #38,876
  • Aug 24, 2012 8:15am Aug 24, 2012 8:15am
Quoting mg_vinodkuma
Tah,

can you help to share us how we can trade EJ chart.
After price moved away we could see the direction for the price.Earlier to that..it was so difficult to identify its move.

Regards
You followed the creation of PA waves just fine. What more could I add. Before the London session got underway, it was not a question of PA waves, but of the time of day. Trading before the London session could easily have resulted in taking a PA wave for a trade in the wrong direction, as was discussed earlier. You see, it takes a combination of things (PA wave, angle of Dragon, time of day) to put together a setup. Sometimes a setup will occur outside of the London session, but since the market activity would be considerably less, the setup is disadvantaged.
Attached Image (click to enlarge)
Click to Enlarge Name: EJ_short.png Size: 47 KB
  • #38,877
  • Aug 24, 2012 8:30am Aug 24, 2012 8:30am
Quoting ahniel
In my humble opinion, caution, EU, EJ, GU and AU are bearish bias.

This should mean USDCAD should be bullish but I may be wrong.
You are right, ahniel. And right now, the US BBs are jacking the price up and down on high volume in a tight range. Looks to me like position enlargement is going on. But this could keep up without a breakout, if they want to continue doing so early next week. We'll see.
  • #38,878
  • Aug 24, 2012 8:42am Aug 24, 2012 8:42am
Hi Guys,

I think I am starting to get the hang of the entry setup but, am still finding myself lost on exits.... You comments are most welcome of the following setups I took today......
Attached Image(s) (click to enlarge)
Click to Enlarge Name: Screen shot 2012-08-24 at 14.33.36.png Size: 50 KB
Click to Enlarge Name: Screen shot 2012-08-24 at 14.40.22.png Size: 49 KB
  • #38,879
  • Aug 24, 2012 9:06am Aug 24, 2012 9:06am
Quoting kashTrader
Hi Guys,

I think I am starting to get the hang of the entry setup but, am still finding myself lost on exits.... You comments are most welcome of the following setups I took today......
I normally look at the daily levels and then go down to the 15 min chart to see
how those levels fit around any s+r area.

Hope this helps

Regards,
H.
Attached Image(s) (click to enlarge)
Click to Enlarge Name: eu daily aug -2012.gif Size: 34 KB
Click to Enlarge Name: eu 15 min aug 24-2012.gif Size: 35 KB
"The future is already written in the past"
  • #38,880
  • Edited 9:40am Aug 24, 2012 9:19am | Edited 9:40am
Quoting kashTrader
Hi Guys,

I think I am starting to get the hang of the entry setup but, am still finding myself lost on exits.... You comments are most welcome of the following setups I took today......
There are a number of ways to find places to take profit. Overall, the RGH and RGL marks are areas to place a TP. Using the pivots built into the Control Panel, you can select others within the range if you are a conservative trader, or outside the range if the setup and the way PA subsequently moves warrants it. Support and resistance are fundamental in trading, and with the Sonic R. System. It is important you learn to see from historic PA where S&R areas are, because it is these areas you place your TPs. The range HL marks, and pivots, and anything else you might use to are only to help decide which of the S&R areas to pick for your TP(s).

For example, using EU today, look where S&R on the Daily chart has been drawn. Now look where it appears on M15. I actually went to the Daily chart first and did this, and this is how it came out. You would want to place a 2nd and even maybe a third S&R line to have one closer to the RGL and one beyond, just in case. But now you see the process. Use whatever TF charts you need to in order to get your S&R lines. Once the lines are drawn and you come back to the M15 chart, you can then decide exactly where you want your TP(s). For a short trade you might want them a bit higher than the lines because PA frequently undershoots or overshoots, and you can't be sure what will happen. It would be a shame to miss your TP by a single pip or so because you insisted on setting your TP to squeeze out every last pip you could.
Attached Image(s) (click to enlarge)
Click to Enlarge Name: aug 2012 - 113.gif Size: 28 KB
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