Attachments: Sonic R. System

Sonic R. System

#40,001
Quote
Oct 24, 2012 9:08pm Oct 24, 2012 9:08pm

traderathome
Joined Mar 2008 | Status: PVSRA with Traderathome | 23,297 Posts

EJ: Entered long. H1 shows a strong "breakout" candle up thru the Dragon. Since not into LS, and trading then might attempt spikedowns to grab more longs, keeping SL mental for now.

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#40,002
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Edited 9:31pm Oct 24, 2012 9:16pm | Edited 9:31pm

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

Quoting traderathome

Disliked

EJ: Entered long. H1 shows a strong "breakout" candle up thru the Dragon. Since not into LS, and trading then might attempt spikedowns to grab more longs, keeping SL mental for now.

Ignored

Just saw E/J chart, join in as well Long at a few pips higher with SL.

Thanks for the head up as have not monitor E/J for a long time.

#40,003
Quote
Oct 24, 2012 9:51pm Oct 24, 2012 9:51pm

traderathome
Joined Mar 2008 | Status: PVSRA with Traderathome | 23,297 Posts

Quoting foxybunny

Disliked

Just saw E/J chart, join in as well Long at a few pips higher with SL. Thanks for the head up as have not monitor E/J for a long time.

Ignored

You're entirely welcome. Time up to LS is usually so boring, that if I'm on the computer I find scanning pairs on H1 useful so far as determining any noteable strength there, one way or the other, that the LS might carry forward with.

In the case of EJ, that bull candle up thru the Dragon really stood out. And dropping down to M15 (M30 w/M15 Dragon-Trend in my case), it seemed actually ready to go. We'll see. It might hit a low ceiling and range until LS, with maybe spikes back down then as outfits attempt building bigger long positions. Of course, ultimately it could go either way, with this move up being to build shorts. But even so, I'd think the move would be sufficient for trading with reasonable profit.

#40,004
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Oct 24, 2012 10:12pm Oct 24, 2012 10:12pm

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

EU may be a valid long setup

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Keep Simple...!

#40,005
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Oct 24, 2012 10:15pm Oct 24, 2012 10:15pm

lidocain
| Joined May 2012 | Status: Trader | 9 Posts

Quoting traderathome

Disliked

You're entirely welcome. Time up to LS is usually so boring, that if I'm on the computer I find scanning pairs on H1 useful so far as determining any noteable strength there, one way or the other, that the LS might carry forward with.

In the case of EJ, that bull candle up thru the Dragon really stood out. And dropping down to M15 (M30 w/M15 Dragon-Trend in my case), it seemed actually ready to go. We'll see. It might hit a low ceiling and range until LS, with maybe spikes back down then as outfits attempt building bigger long positions. Of course,...

Ignored

I am quite newbie in sonic. What is "LS" term in this thread ?

#40,006
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Oct 24, 2012 10:32pm Oct 24, 2012 10:32pm

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

This is a longer term trade may take several days to play out. This is a daily chart set up.

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#40,007
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Oct 24, 2012 11:00pm Oct 24, 2012 11:00pm

traderathome
Joined Mar 2008 | Status: PVSRA with Traderathome | 23,297 Posts

Quoting lidocain

Disliked

I am quite newbie in sonic. What is "LS" term in this thread ?

Ignored

Not to be hard on you, but what do you think it means? Hint: go to Post#1 and read the Sonic R. System Summary Manual linked there. You will find two words there that fit. Also, if you are reading the thread, you will find the reference frequently, which should give you more clues.

Please understand that new folks can't just jump in at the current post and start asking questions that are already answered previously. We'd have a million posts if we answered all questions that way, from all new folks, over and over, each time a new person arrived! Please do some reading, studying,...from the beginnings of this thread. Especially post #1 and all material linked therein. That is a good place to start.

BTW, welcome to the Sonic R. Thread.

-tah

#40,008
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Oct 24, 2012 11:47pm Oct 24, 2012 11:47pm

lidocain
| Joined May 2012 | Status: Trader | 9 Posts

Gotta...Large Scale..
still learn...thanks for great advice.. you know, sometime I open my trade based on your analysis..
sincerely yours,

#40,009
Quote
Oct 25, 2012 12:09am Oct 25, 2012 12:09am

Robot Trader
Joined Jun 2012 | Status: Trader | 1,106 Posts

Quoting traderathome

Disliked

You're entirely welcome. Time up to LS is usually so boring, that if I'm on the computer I find scanning pairs on H1 useful so far as determining any noteable strength there, one way or the other, that the LS might carry forward with.

In the case of EJ, that bull candle up thru the Dragon really stood out. And dropping down to M15 (M30 w/M15 Dragon-Trend in my case), it seemed actually ready to go. We'll see. It might hit a low ceiling and range until LS, with maybe spikes back down then as outfits attempt building bigger long positions. Of...

Ignored

Hi TAH

I see a possible push up to 1.04, which would then form the right shoulder of a very nice looking 4H H&S, so if we get a bounce of 1.04 and the neckline breaks at 1.03.2 and hold below then I see a 200 to 300 pip down move.

I will keep watching PA and the Dragon for possible setups.

Regards

RT

Some people say I'm lucky, but the more I practice the luckier I get

#40,010
Quote
Oct 25, 2012 12:12am Oct 25, 2012 12:12am

traderathome
Joined Mar 2008 | Status: PVSRA with Traderathome | 23,297 Posts

Quoting lidocain

Disliked

Gotta...Large Scale..
still learn...thanks for great advice.. you know, sometime I open my trade based on your analysis..
sincerely yours,

Ignored

"Large Scale" isn't it. And please, always do your own "due diligence" before deciding to trade. Always. It is your trade, your money, your responsibility.

#40,011
Quote
Oct 25, 2012 12:25am Oct 25, 2012 12:25am

traderathome
Joined Mar 2008 | Status: PVSRA with Traderathome | 23,297 Posts

Quoting Robot Trader

Disliked

Hi TAH

I see a possible push up to 1.04, which would then form the right shoulder of a very nice looking 4H H&S, so if we get a bounce of 1.04 and the neckline breaks at 1.03.2 and hold below then I see a 200 to 300 pip down move. I will keep watching PA and the Dragon for possible setups. Regards, RT

Ignored

Thanks, Robot Trader, for the observation. And I concur with you regarding the 104.00 area, and have set an alternate (TP2) at 103.985 which I might manually impose if PA gets there in a struggling manner.

#40,012
Quote
Oct 25, 2012 12:50am Oct 25, 2012 12:50am

lidocain
| Joined May 2012 | Status: Trader | 9 Posts

Quoting traderathome

Disliked

"Large Scale" isn't it. And please, always do your own "due diligence" before deciding to trade. Always. It is your trade, your money, your responsibility.

Ignored

LS : line support.

Sure, just for reference..
thanks any way.