DislikedHello guys,
Please, who can explain me the newest rules for this trading system or give me the links where I can find all information about it with indicators and EAscripts if it can be.Ignored
Keep Simple...!
Hello guys,
Please, who can explain me the newest rules for this trading system or give me the links where I can find all information about it with indicators and EAscripts if it can be.
These really help me .. You need 1 hour to read it and 1 live to find it alone ...
" Support/Resistance is your friend .. and TREND your girlfriend .. "
?
- #40,131
- Oct 29, 2012 12:40pm Oct 29, 2012 12:40pm
- Joined Mar 2008 | Status: PVSRA with Traderathome | 23,552 Posts
- #40,133
- Edited 2:24pm Oct 29, 2012 2:09pm | Edited 2:24pm
- Joined Mar 2008 | Status: PVSRA with Traderathome | 23,552 Posts
Not today..but I'd like to see this happen..
Sonic
Over the years I have subjected my own trading decisions to the results of analysis for market bias. The results have been far from splendid, because the market can, and does, flip-flop without warning! The Sonic R. System is for trading the M15 chart to take advantage of primarily intra-day moves, which therefore can yield trades in either direction regardless of the market's longer term bias for either direction. Some trades can run profitably longer than the current day, which is fine and a plus. The point being that valid and good Sonic R. setups are what we trade (and with good money management), not market bias. Rather than developing your view of what the market bias is, it might be more productive to just see what the H1 chart is showing in terms of which side of the Dragon PA is on, and what the angle of the H1 Dragon is.
Having a bias, or analyzing for a market bias, can be counter productive. And, in the end, it makes no difference what bias is concluded. What makes a difference is whether or not a Sonic R. setup occurs, if it is a quality one and if it is traded with sensible money management.
It is fortunate for we Sonicers that Master Sonicdeejay is here to point out things from time to time, to help keep us from becoming too assuming that a certain PA direction will continue. In that manner, he not is not encouraging a bias, or a change in bias. He is encouraging we Sonicers to be alert, to be receptive to "....what the market decides."
Thank you Sonic,
-tah
- #40,134
- Oct 29, 2012 2:40pm Oct 29, 2012 2:40pm
It seems logical that the market might have been closing shorts (buying) with each dip around the current whole number. The question is whether or not the market has subtly switched from buying to close shorts to buying to open longs,......? It is anybody's guess, and a guess is all it would amount to. It comes down to the M15 chart PA, what the market decides to do from day to day. And if any good Sonic R. setup occurs, in either direction. At this point the down trend is established. On the other hand, PA has dropped nicely and so a retrace move...
So true,
Took a scout and counter trade - with a small stop.
Regards
H.
"The future is already written in the past"
- #40,135
- Oct 29, 2012 3:16pm Oct 29, 2012 3:16pm
- Joined Mar 2008 | Status: PVSRA with Traderathome | 23,552 Posts
So true. Took a scout and counter trade - with a small stop.
Scanning H1 for a candidate for an upside target. Drew three TLs. Drew three FR studies, starting from the highest to lowest prices, and then from the next highest to the lowest, and finally from the third highest to the lowest. Trying to see if things coalesce between the TLs and an FR study. The third attempt of the FR study yields an interesting area.
The area between the upper half number and the FR 38% level might be a good target area, should PA be moved upwards. You have any further thoughts on your trade?
- #40,137
- Oct 29, 2012 3:59pm Oct 29, 2012 3:59pm
- Joined Mar 2008 | Status: PVSRA with Traderathome | 23,552 Posts
Thanks Mate for your effort and great inputs.
I still remember when you asked what it was that I and DDtrayder instically saw in the market a couple of years ago?. Well this is one those moments. I have even labeled it on my charts.
As for me I think my tour of duty is over, since there are so many new talented sonickers coming on to this thread every day.
Dear sonikers, know the inīs and outīs of this system along with s+r areas and you willl do just fine. Thank you for your time.
Regards,
H.
For the benefit of Sonicers, was seeking any confirmation of 1.2950 - 1.2960 area as a prime target should the market move pricing upwards. It is centered about 25 pips below one of Hansma's white lines. Oh well.
- #40,138
- Oct 29, 2012 4:57pm Oct 29, 2012 4:57pm
?
For the benefit of Sonicers, was seeking any confirmation of 1.2950 - 1.2960 area as a prime target should the market move pricing upwards. It is centered about 25 pips below one of Hansma's white lines. Oh well.
Regards,
H.
"The future is already written in the past"
- #40,140
- Oct 29, 2012 7:50pm Oct 29, 2012 7:50pm
Good morning !
I had a quick look at Bloomberg to follow the situation going on with regards to Sandy. Here is a summary of what they are broadcasting I'd like to share:
Impact of Sandy:
- sales of bond halted (impact on dollar)
- nyse and nasdaq closed on Monday and Tuesday
- some news have been delayed
- google has postponed the launch of the new smartphone
I suppose we should expect low volumes today too as highlighted by the Master yestrday so hypercare attention is needed.
Have a good trading !
I had a quick look at Bloomberg to follow the situation going on with regards to Sandy. Here is a summary of what they are broadcasting I'd like to share:
Impact of Sandy:
- sales of bond halted (impact on dollar)
- nyse and nasdaq closed on Monday and Tuesday
- some news have been delayed
- google has postponed the launch of the new smartphone
I suppose we should expect low volumes today too as highlighted by the Master yestrday so hypercare attention is needed.
Have a good trading !