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Sonic R. System

  • #40,981
  • Nov 15, 2012 10:44pm Nov 15, 2012 10:44pm
Quoting Mezzy
@ TAH,

http://www.forexfactory.com/news.php?do=news&id=395430

She's confirming your sentiments about the EUR/JPY if I read that right.
I'm watching for the short side.
Trade what you see, don't trade what other say
Keep Simple...!
  • #40,982
  • Nov 15, 2012 10:46pm Nov 15, 2012 10:46pm
Thanks for feedback ! It helps. I wished to post this trade which is a mediocre one because i'd like to ask you more . Sorry. May be it'll be of some help to others as well.
I think this trade has the following problems too:

- Mediocre/bad Risk:Reward probably less than 1:1 if you look at where I placed SL e TP
- The EP is premature because actually support at DPV has been tested the first time and then PA retested without breaking. EP is under DPV. Infact market went down
- Market is dead.

Do you have any comments with regards to the above ? Would you take this thread if the 3 things above will not sussist ? If yes what you'll have as SL/EP/TP ?
I know I'm heavy... I'll go back to my cave. Take your time and thank you.



Quoting traderathome
Umbro, the trend is now down. Look at "M" on H4 and that price is coming up to retest support it fell thru. It may become resistance. Of course, the market will do whatever it decides to do. So, in the face of this new down trend, a retrace could take price above this SR area. There is just no way of knowing. It is up to the market to decide and for us to be quick to ride.

Therefore, it could go either way from here. Up or down. But "up" would be CT, and maybe not so far. Since "down" would be with the trend, it might be less risky, and...
  • #40,983
  • Nov 15, 2012 10:51pm Nov 15, 2012 10:51pm
@ kotlt, that's a pretty asinine thing to say.

You wanna know what I see? Price bounced off the 104.000 level firmly, fib retrace shows retrace down to 103.220 area (23.6 level) price is still too far away from EMA's to warrant any bid, could just be correction before it takes off again. London session should show more.

the Chief Currency Analyst at IBFX who is the foundation for this very system that Sonic has adapted from is saying watch for the reversal.

I'd think that its a pretty smart idea to at least LISTEN to what she is saying.

Please think before you post.

Edit: this will be my only reply to you about the issue, I don't want to turn this into a flame war and tarnish the thread.
  • #40,984
  • Nov 15, 2012 10:58pm Nov 15, 2012 10:58pm
Quoting traderathome
You could be right. And we simply "let the dragon and PA show the way", so lets see what happens.
you could be right as well mate based on how you view your charts, this is how i speculate my h1 chart: pa might retest the spotted sr areas, and the pullback aligns with the trendline near sr, theres a lot of obstacles of sr's going down compared to the way up. im not good in explanations but i hope pics shows what i mean.
Attached Image(s) (click to enlarge)
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Click to Enlarge Name: uchf.jpg Size: 109 KB
  • #40,985
  • Nov 15, 2012 10:58pm Nov 15, 2012 10:58pm
Guys follow me on twitter. Sorry to bust in like this

https://twitter.com/ForexAarish
I am the one and only profitable forex trader, but not the only one
  • #40,986
  • Nov 15, 2012 11:15pm Nov 15, 2012 11:15pm
Quoting Mezzy
@ kotlt, that's a pretty asinine thing to say.

You wanna know what I see? Price bounced off the 104.000 level firmly, fib retrace shows retrace down to 103.220 area (23.6 level) price is still too far away from EMA's to warrant any bid, could just be correction before it takes off again. London session should show more.

the Chief Currency Analyst at IBFX who is the foundation for this very system that Sonic has adapted from is saying watch for the reversal.

I'd think that its a pretty smart idea to at least LISTEN to what she is...
I'm so sorry if you do not like my post.

Just because myself do not like to hear other talk/predict in forex, i only trust myself. I follow Sonic R. System, then i only look chart or setup from this system.

Sorry my bad english.
Keep Simple...!
  • #40,987
  • Nov 15, 2012 11:24pm Nov 15, 2012 11:24pm
=D its ok.

But it is important, to know what is happening in the forex world.

What you see (technical) may be correct, but price goes the wrong way (fundamental news)

So you must look deeper than just what you see.
  • #40,988
  • Nov 15, 2012 11:58pm Nov 15, 2012 11:58pm
Tah, can you please tell me how to remove/disable DS1, DS2, DR1, DR2... line in your templates?
Keep Simple...!
  • #40,989
  • Nov 16, 2012 12:04am Nov 16, 2012 12:04am
Quoting kotlt
Tah, can you please tell me how to remove/disable DS1, DS2, DR1, DR2... line in your templates?
Sure. Just scan down the external inputs of the indicator until you come to where it asks if you want the SR Pivots on/off (true/false input).
  • #40,990
  • Nov 16, 2012 12:06am Nov 16, 2012 12:06am
EU: Entered short. Being before LS, this could get whipped up by FO or LO, so SL is mental for now.
Attached Image (click to enlarge)
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  • #40,991
  • Edited 12:31am Nov 16, 2012 12:17am | Edited 12:31am
Quoting Mezzy
=D its ok.

But it is important, to know what is happening in the forex world.

What you see (technical) may be correct, but price goes the wrong way (fundamental news)

So you must look deeper than just what you see.
Mezzy, sometimes prices move based on news. Sometimes those price moves are seeminly consistent with the news, and sometimes they are not. And sometimes prices move without news. Sometimes those price moves are seeminly consistent with the absence of news, and sometimes they are not.

Really, the only true and faithful fundamental in trading is the greed of the biggest players whom can manipulate prices anytime they want to, in either direction they want to, or in both directions (back-to-back moves), in order to make profits and for no other reason.

Kotlt is correct in simply paying attention to the Sonic R. System and price action on the chart. The market will decide whatever it decides, no matter what the news, or even if there is no news. And Sonicers will see what the chart says, and respond accordingly. Any attempt at trying to guess what upcoming news will be, or how the market might react to the posssible vagarities in upcoming news is a fools errand and a total waste of time. Worse, it can create a bias in your head that turns out to be incorrect, leaving you either missing a good trade, or in a wrong trade!

The best thing a trader can do is turn off the TV, the Radio, and don't read any of the stuff put out there on FF or other "news" sites. Trade in a vaccuum. Let the chart be your only window on the world of what you are trading. Learn to read the chart. Learn to respond correctly and quickly to the chart. Period!
  • #40,992
  • Nov 16, 2012 12:30am Nov 16, 2012 12:30am
@tah, very true. Market Movers will Move Markets

Can't be a bad thing to confirm your sentiments based off what you see on your charts... Especially when it comes from someone like Raghee Horner.

  • #40,993
  • Edited 1:00am Nov 16, 2012 12:45am | Edited 1:00am
Quoting Ck87
Short EJ

5min

EP 103.58
SL 103.73
TP personally managing
TP 103.28 +30 pips

BE on EA trade, went with EJ instead
Attached Image(s) (click to enlarge)
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  • #40,994
  • Nov 16, 2012 12:46am Nov 16, 2012 12:46am
Quoting Shooter150
UsdChf entered short 0,9428


Attachment
close manually my position -10

Attached Image (click to enlarge)
Click to Enlarge Name: 87.jpg Size: 129 KB
" Support/Resistance is your friend .. and TREND your girlfriend .. "
  • #40,995
  • Nov 16, 2012 12:52am Nov 16, 2012 12:52am
what happened to ff page setup??? i cant see whose online where its used to be. its only me on the thread!!!
  • #40,996
  • Nov 16, 2012 12:52am Nov 16, 2012 12:52am
Dear Prof Tah, I know what effort you and some others put in in this Thread, to guide a lot of others but of late a lot of "jokers" seem to have invaded it. One fellow say follow him "twits"....... as if he is the next George Soros while others call posts of others whose point they are unable to see, asinine. They do not realize that they brand their ownselves as "azzes" by making such statements. Moreover, all posters are "equal", so to call others names should be forbidden. Some threads state this in so many words.

This is an excellent thread and to keep it that way. IMO the cranks should be banned from posting.

My Best Wishes to all Traders and You.

Vilas



Quoting traderathome
Mezzy, sometimes prices move based on news. Sometimes those price moves are seeminly consistent with the news, and sometimes they are not. And sometimes prices move without news. Sometimes those price moves are seeminly consistent with the absence of news, and sometimes they are not.

Really, the only true and faithful fundamental in trading is the greed of the biggest players whom can manipulate prices anytime they want to, in either direction they want to, or in both directions (back-to-back moves), in order to make profits and for no other...
  • #40,997
  • Nov 16, 2012 12:54am Nov 16, 2012 12:54am
EU and EJ short
Attached Image(s) (click to enlarge)
Click to Enlarge Name: ej.gif Size: 40 KB
Click to Enlarge Name: eu.gif Size: 46 KB
Keep Simple...!
  • #40,998
  • Nov 16, 2012 12:56am Nov 16, 2012 12:56am
Quoting Ck87
TP 103.28 +30 pips

BE on EA trade, went with EJ instead
Nobody cares! No pic., no post! Sonic's rule!
  • #40,999
  • Nov 16, 2012 12:59am Nov 16, 2012 12:59am
Quoting traderathome
Nobody cares! No pic., no post! Sonic's rule!
Posted both entries with pics.. Edited the result to have the pics as well.


Btw, Euro looks really weak right now.
  • #41,000
  • Nov 16, 2012 1:02am Nov 16, 2012 1:02am
Quoting Ck87
Posted both entries with pics..
yes i looked it at am 11
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