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Sonic R. System

  • #41,221
  • Nov 19, 2012 10:39pm Nov 19, 2012 10:39pm
Quoting alrightfrank
heres my speculations for eu today, any thoughts?
For me i think that can come true. however i still wait till it really shows where the price gonna move. Today forecast is not good for USD but that's not my concern. My biggest worry is the FEC Chairman Bernanke speaks. This one could be tricky. If PA break that line i will surely Go long on EU. but i will defenetely close it before Bernanke Speaks or Make the SL at lease BEP
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Money Management and Patience is the Key
  • #41,222
  • Nov 19, 2012 10:46pm Nov 19, 2012 10:46pm
This is my GU prediction.
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Money Management and Patience is the Key
  • #41,223
  • Edited 11:01pm Nov 19, 2012 10:48pm | Edited 11:01pm
Quoting scuderia
My biggest worry is the FEC Chairman Bernanke speaks. This one could be tricky.
meaning there could be a posibility of a big move, noted mate.
lets see whats gonna happen here, if it gives a sonic setup again before LO.
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  • #41,224
  • Nov 19, 2012 10:51pm Nov 19, 2012 10:51pm
Quoting traderathome
EJ: Entered short. Risky since asian session and Monday. The early asian session run up might have been for loading shorts. On that hypothesis I am venturing a short on this. The SL is mental because if this does not start dropping more, it might get lifted in LS before a run back down. And in that event, I just don't know where to put a hard SL since I believe it will ultimately fall again anyway. My SL placements are just practice for me. Most of the time they don't work out, but the trade eventually does, which is why I keep the SL mental. TP...
EJ: Added trade 2 short. Early entry. SL remains mental.
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  • #41,225
  • Nov 19, 2012 11:02pm Nov 19, 2012 11:02pm
Quoting traderathome
EJ: Added trade 2 short. Early entry. SL remains mental.
Yah I think that too. Coz in Daily chart it shows triple tops. But still i wait till LO. for more confirmations. SL at RWH and TP at RWL
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Money Management and Patience is the Key
  • #41,226
  • Nov 19, 2012 11:43pm Nov 19, 2012 11:43pm
EU Comment:

Might have already back tested SR. Not saying it won't test again and maybe even head fake up thru, but the trend is down and this SR area is so far holding now as resistance.
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  • #41,227
  • Nov 19, 2012 11:44pm Nov 19, 2012 11:44pm
Quoting kotlt
I use TAH templates..???

EJ TP hit.

R/R: is 1:1, but at least first win this week
Kotlt,

Can you confirm for me that the download of TAH templates are from 05/12. I would like to compare the differences in the VSA.

Thanks in advance.
  • #41,228
  • Nov 19, 2012 11:50pm Nov 19, 2012 11:50pm
Quoting worldfreedom
Kotlt,

Can you confirm for me that the download of TAH templates are from 05/12. I would like to compare the differences in the VSA.

Thanks in advance.
Here http://www.forexfactory.com/showthre...95#post5627895
Keep Simple...!
  • #41,229
  • Nov 20, 2012 12:01am Nov 20, 2012 12:01am
Quoting worldfreedom
Kotlt,

Can you confirm for me that the download of TAH templates are from 05/12. I would like to compare the differences in the VSA.

Thanks in advance.
What differences are you talking about, worldfreedom?
  • #41,230
  • Nov 20, 2012 12:06am Nov 20, 2012 12:06am
Quoting traderathome
What differences are you talking about, worldfreedom?
My VSA is not displaying the same data as Kotlt VSA was displaying on the same time frame for the EJ. It might be just the difference in the broker feed. I just wanted to make sure I had the most current version.

Thanks.
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  • #41,231
  • Nov 20, 2012 12:18am Nov 20, 2012 12:18am
EU: Entered short. Early entry because I did wait for this candle to complete and then pick an entry level at least a few pips lower. And because I did not wait and the Dragon is flat, PA could cycle back up again with LO or with the EUR high impact release coming later. SL mental. TP tentative.
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  • #41,232
  • Nov 20, 2012 12:29am Nov 20, 2012 12:29am
Quoting otey
Hi,, anyone believe in average system?
average in every 20 pips on your direction, regardless of the actual movements.
pls share and comment... thanks.
Yes sometimes i do some average(avg). But i am not using avg in every 20 pips.
I did some avg with SR (Support Resistance) But U must know that when u avg it ++ it could be wipe out in instance with some false signals. And when U avg your looses you double the risk in trades.

In my case, I use avg only when i am in minus positions. Hoping that it will retrace a lil bit and cut down the losses
Or simply to make it BEP in trade. I won's stick too long with AVG due to it is "double edge swords" ( sometimes it helps you or it swipe u away.

Here some exp that i went trough and give me headache. With this i hope you know the risk and use AVG wisely.
i short on that.
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Money Management and Patience is the Key
  • #41,233
  • Edited 1:56am Nov 20, 2012 12:59am | Edited 1:56am
UCad: Entered long. Again, early entry as I did not wait for the current candle to go beyond the previous candle by at least a few pips. Also, not yet LS. FO/LO could pull this back. SL is mental. This is trade 3 long on this pair. I show TP1 because it is appropriate to the trade, but I probably will let this run with the other two trades until one of the earlier picked TPs is reached.
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  • #41,234
  • Edited 2:00am Nov 20, 2012 1:48am | Edited 2:00am
EJ Comment:

Here she goes (I think). Look at the previous candle. SL hunt? Triggering wrong side long orders? Both,.....a liquidity creation drive to get shorts filled is my quess, and with a sudden increase in volume too as the Franfurt market opens.
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  • #41,235
  • Nov 20, 2012 2:04am Nov 20, 2012 2:04am
EU Entered Short

EP 1.2778

SL & TP personally managed.
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  • #41,236
  • Nov 20, 2012 2:10am Nov 20, 2012 2:10am
Today i'm waiting this setup for GU, anyone have same view ?
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Keep Simple...!
  • #41,237
  • Nov 20, 2012 2:19am Nov 20, 2012 2:19am
GU : Long
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Keep Simple...!
  • #41,238
  • Edited 2:45am Nov 20, 2012 2:24am | Edited 2:45am
Quoting kotlt
Today i'm waiting this setup for GU, anyone have same view ?
Nope. Just my viewpoint, but the market just rammed EU, EJ, GU, etc,. upwards. And on really good volume. And really suddenly. No time for collecting a position. Therefore, a good possibility it is head hunting for shorts. Pro-USD moves might be coming today if this is the case. And EJ could proceed down even much further, too. Heck. We'll see as time goes on. But also note on the GU Daily, it is doing the same as EU, backtesting SR. In this case, the definition of "backtesting SR" might very well be "liquiditiy creation maneuver by market to get it's short orders filled".
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  • #41,239
  • Edited 2:56am Nov 20, 2012 2:33am | Edited 2:56am
Crude Oil Short

EP 88.76
SL 89.04
TP PM
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  • #41,240
  • Nov 20, 2012 2:49am Nov 20, 2012 2:49am
Good analysis, TAH. They got me there on EU. However, I will remain short and look to add to my shorts on further set ups. I don't think this rally will hold here .. not yet at least.
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