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Sonic R. System

  • #41,041
  • Nov 16, 2012 5:47am Nov 16, 2012 5:47am
Quoting kotlt
Thank you.


Now GU pull back, like you said. Maybe too late to secure pips, lol. Let GU run : TP or SL ??

AU may have long setup
SL hit
Keep Simple...!
  • #41,042
  • Edited 6:16am Nov 16, 2012 6:01am | Edited 6:16am
GU:

Still looks very probable that the big players knocked the price down simply to scare others out of their longs, hit their stops and even trigger pending short orders,....all of which gave them more liquidity to get their own long orders filled. Forex volume is count of trades, not count of currency involved in those trades. Some of these could have been for millions of dollars.....LONG!

So, this might crank up into another long setup come US open......

If it does, then this hypothesis is more valid. And the market is going to want to make money on all the longs it has been accumulating for days. Which means the price is going to get run up, possibly starting today. But I doubt one day of climb is going to cut it. For all the accumulation that has been taking place, this is a bigger than normal deal. And the market probably wants to make a real killing on this one. Therefore, most likely whether this starts up today or not, we might expect it will climb next week. Speculative.
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  • #41,043
  • Nov 16, 2012 6:22am Nov 16, 2012 6:22am
Quoting traderathome
You could be right. On the other hand, there is a lot of interest in this pair. And the market, by taking the price down to the PVT/half number area, might only be doing so in order to load up more heavily on long positions as others give up on their longs....
I short GbpUsd and i m waiting a bearish movment because ..

1. price hit ON DR1 and then make 1..2..3 (wave analysis)
2. DPV break at least few pips
3. H4 strong bearish movmen..
4. resistance on H1

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What do you think ..? Am i wrong ..?
" Support/Resistance is your friend .. and TREND your girlfriend .. "
  • #41,044
  • Nov 16, 2012 6:23am Nov 16, 2012 6:23am
Quoting traderathome
EU: Entered short. Being before LS, this could get whipped up by FO or LO, so SL is mental for now.
EU: Manually closed at TP2 for 35 pips gain, EP1 to TP2.
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  • #41,045
  • Nov 16, 2012 6:39am Nov 16, 2012 6:39am
Tah.. i want to ask you something ..
Which time frame is the best to recognize the trend, if our main time frame is 15 minutes.. Sonic said 15 minutes set up - H1 support/resistance - trend H4.. What is your way ?
" Support/Resistance is your friend .. and TREND your girlfriend .. "
  • #41,046
  • Edited 6:51am Nov 16, 2012 6:39am | Edited 6:51am
Quoting Shooter150
I short GbpUsd and i m waiting a bearish movment because ..

1. price hit ON DR1 and then make 1..2..3 (wave analysis)
2. DPV break at least few pips
3. H4 strong bearish movmen..
4. resistance on H1
Attachment
What do you think ..? Am i wrong ..?
1. Hit DR1 and went up thru it. So what?
2. Hit PVT and went down thru it. So what? Well, here is where I think the strategy was to scare longs into closing so the market could have that liquidity to open longs down there.
3. H4 strong bearish movement? Well, anytime the market decides to ram the price down to load up longs it is going to look like a strong movement in order to convince longs to close and to convince others to go short! Actually, H4 is sort of in an up-channel.
4. Resistance on H1? Maybe just an opportune place to start the fake down to accumulate additional longs as everyone else gives up and goes short!

You might notice that the Dragon has been gradually angling up for two days now, and gradually working above the Trend........

I still think we could get an explosive move. And it could happen after the US Open.
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  • #41,047
  • Nov 16, 2012 6:49am Nov 16, 2012 6:49am
Quoting traderathome
1. Hit DR1 and went up thru it. So what?
2. Hit PVT and went down thru it. So what? Well, here is where I think the strategy was to scare longs into closing so the market could have that liquidity to open longs down there.
3. H4 strong bearish movement? Well, anytime the market decides to ram the price down to load up longs it is going to look like a strong movement in order to convince longs to close and to convince others to go short! Actually, H4 is sort of in an up-channel.
4. Resistance on H1? Maybe just an opportune place to start the fake...
I see .. So how you decide which is the trend for one pair ... Just what you see on M15 chart , or you have also in yor mind the bigger time frames ..?
" Support/Resistance is your friend .. and TREND your girlfriend .. "
  • #41,048
  • Nov 16, 2012 6:55am Nov 16, 2012 6:55am
Quoting traderathome
EJ: Entered short. SL mental.
EJ: Manually closed at TP2 for 10 pips gain, EP1 to TP2.
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  • #41,049
  • Nov 16, 2012 6:59am Nov 16, 2012 6:59am
Quoting Shooter150
I see .. So how you decide which is the trend for one pair ... Just what you see on M15 chart , or you have also in yor mind the bigger time frames ..?
As I said, for two days the Dragon has angled up and crossed above the Trend. This was something to see and keep in mind as the market started to fake everybody out with all the whipsawing. And all this shit is happening around the half number, a major SR area. Note that the Dragon crossed up above it too!

And, if you look a PA, what do you see? Sure! Higher highs and higher lows. Look at a higher TF if you want, but what more do you need? Like Sonic says, "Let the dragon and PA show the way." You might also note that all the heavy volume has been in driving the price up off lows. That's the market knocking itself out buying.
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  • #41,050
  • Nov 16, 2012 7:03am Nov 16, 2012 7:03am
Ok. Tomorrow I have a lot to read. I'm happy there are a lot of posts and I feel the right "kanji". Thanks
  • #41,051
  • Nov 16, 2012 7:14am Nov 16, 2012 7:14am
EU: M5 long entry. SL mental. TP tentative.
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  • #41,052
  • Nov 16, 2012 7:17am Nov 16, 2012 7:17am
Quoting umbro
Ok. Tomorrow I have a lot to read. I'm happy there are a lot of posts and I feel the right "kanji". Thanks
Have another drinky-pu, and go back to bed.....
  • #41,053
  • Nov 16, 2012 7:24am Nov 16, 2012 7:24am
Let's see. may you're right...
Quoting traderathome
EU: M5 long entry. SL mental. TP tentative.
  • #41,054
  • Nov 16, 2012 7:35am Nov 16, 2012 7:35am
EJ: Entered long.
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  • #41,055
  • Nov 16, 2012 7:45am Nov 16, 2012 7:45am
You have to watch you mouth !

You don't know anything about what is real or not. you can manage a 100 pips drawdown. It's unbelivable. Ok. I consume too much of my time. I have been expelled for no reason and then I have been insulting again because on your mind I'm an alcoholic. You don't have arguments. you didn't respond to my post asking clearly your position about a trade I took in compliance with the thread. Good Luck !

Quoting traderathome
Have another drinky-pu, and go back to bed.....
  • #41,056
  • Nov 16, 2012 7:50am Nov 16, 2012 7:50am
Quoting umbro
You have to watch you mouth !

You don't know anything about what is real or not. you can manage a 100 pips drawdown. It's unbelivable. Ok. I consume too much of my time. I have been expelled for no reason and then I have been insulting again because on your mind I'm an alcoholic. You don't have arguments. you didn't respond to my post asking clearly your position about a trade I took in compliance with the thread. Good Luck !
Umbro, just joking about "drinky-pu". Relax, and don't be such a "hot head". And I did answer your first round of questions, but then you came back with more. I believed what I had already said was sufficient. And if you bother to read the thread, you would know that 80 pips SL on EU is considered "tight" by Sonic. So, a 100 pips drawdown is nothing. Not really.

The way the market can whipsaw prices around, anyone who cannot withstand at least a 100 pips drawdown has no business trading!
  • #41,057
  • Nov 16, 2012 7:53am Nov 16, 2012 7:53am
Good Luck....


Quoting traderathome
Umbro, just joking about "drinky-pu". Relax, and don't be such a "hot head". And I did answer your first round of questions, but then you came back with more. I believed what I had already said was sufficient. And if you bother to read the thread, you would know that 80 pips SL on EU is considered "tight" by Sonic. So, a 100 pips drawdown is nothing. Not really.
  • #41,058
  • Nov 16, 2012 8:11am Nov 16, 2012 8:11am
Quoting umbro
Good Luck....
Sorry to tell you, but luck has nothing to do with it. The "big boys" whip prices just so others get taken out. Do you think the market is going to make it easy for everyone? Heck no. If a trader cannot have a SL wide enough to withstand the really big whips and swings put on by the "big boys", they'll not be able to stay in the trade along with the "big boys". Sometimes a 10-20 pips SL works out. Usually not.
  • #41,059
  • Nov 16, 2012 8:11am Nov 16, 2012 8:11am
Chill out guys...

Howdy Sir TAH..

Market Wizard...


Inserted Video



Sonic
P.S Really love this video..
  • #41,060
  • Nov 16, 2012 8:14am Nov 16, 2012 8:14am
And "Good morning, Master Sonicdeejay!"
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