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Sonic R. System

  • #41,721
  • Dec 3, 2012 2:57am Dec 3, 2012 2:57am
Entered short for USDJPY since last week, after a short break on the weekend.. it resumed...

EDIT: sorry about the colourful chart... it feels so "candy" to my eyes
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  • #41,722
  • Dec 3, 2012 3:01am Dec 3, 2012 3:01am
Quoting Shooter150
EURJPY entered short

Attachment
close manually +17 pips

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" Support/Resistance is your friend .. and TREND your girlfriend .. "
  • #41,723
  • Dec 3, 2012 3:11am Dec 3, 2012 3:11am
I see you guys are crashing the market !
I talk about the eurusd (the only thing I know a little bit). Be careful about taking positions today. As you can see the market is choppy. Recently we have huge movements during the asian session. In my experience this means there is a lot of uncertainty dominating the market. I'm ready to enter the market but today is Monday and there are no relevant news planned. I'm going to lower the load and take a position later.


Quoting Shooter150
Entered long EurUsd

Attachment
  • #41,724
  • Dec 3, 2012 3:40am Dec 3, 2012 3:40am
Quoting Shooter150
close manually +17 pips

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Attachment
Why you always manually close too soon, Shooter?
Keep Simple...!
  • #41,725
  • Dec 3, 2012 3:41am Dec 3, 2012 3:41am
Quoting Shooter150
GBPUSD entered short

Attachment
clsoe manually +15

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" Support/Resistance is your friend .. and TREND your girlfriend .. "
  • #41,726
  • Dec 3, 2012 3:41am Dec 3, 2012 3:41am
This is the trade I just took. It's not a good trade. Normally I'll not take it because the entry price 1.30444 and the SL is 25 pips below. It means I need to make at least 25 pips above (do you remember the R:R stuff ? ...at least 1:1). The odds are not on my side today. I'm entering the hopefull state.The Japanese says when you enter in love with a trade is like a double suicide.
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  • #41,727
  • Dec 3, 2012 4:02am Dec 3, 2012 4:02am
Out with 3 pips lost because love is not forever...


Quoting umbro
This is the trade I just took. It's not a good trade. Normally I'll not take it because the entry price 1.30444 and the SL is 25 pips below. It means I need to make at least 25 pips above (do you remember the R:R stuff ? ...at least 1:1). The odds are not on my side today. I'm entering the hopefull state.The Japanese says when you enter in love with a trade is like a double suicide.
  • #41,728
  • Dec 3, 2012 4:08am Dec 3, 2012 4:08am
EJ valid short setup? Two charts from two different brokers
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Keep Simple...!
  • #41,729
  • Dec 3, 2012 4:37am Dec 3, 2012 4:37am
Quoting Shooter150
USDCAD entered short
Attachment
USDCAD hit my SL -11 pips

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" Support/Resistance is your friend .. and TREND your girlfriend .. "
  • #41,730
  • Dec 3, 2012 4:45am Dec 3, 2012 4:45am
Quoting Shooter150
Entered long EurUsd

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EURUSD close manyally on BE

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" Support/Resistance is your friend .. and TREND your girlfriend .. "
  • #41,731
  • Dec 3, 2012 4:50am Dec 3, 2012 4:50am
Quoting traderathome
UJ: Entered short.
Congratulation TAH, UJ Hit the TP. But can you tell me why you say it would go short,whereas your #1Leg wave anaylsis do not cross thru the dragon and as you can find in my attached PA is above 89EMA too, this rule is contrast with master sonicdeejay
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  • #41,732
  • Dec 3, 2012 5:31am Dec 3, 2012 5:31am
Quoting traderathome
UJ: Entered short.
UJ: TP1 reached and trade closed for 42 pips, EP1 to TP1.
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  • #41,733
  • Dec 3, 2012 5:52am Dec 3, 2012 5:52am
AudUSd entered long

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" Support/Resistance is your friend .. and TREND your girlfriend .. "
  • #41,734
  • Dec 3, 2012 5:57am Dec 3, 2012 5:57am
Quoting Utomo daniel
Congratulation TAH, UJ Hit the TP. But can you tell me why you say it would go short,whereas your #1Leg wave anaylsis do not cross thru the dragon and as you can find in my attached PA is above 89EMA too, this rule is contrast with master sonicdeejay
Both were as you said; PA wave leg #1 did not go thru the Dragon, and PA was not yet down to the Trend line. These would have been "best" conditions. However, as you can see from the original pic. (below), PA bounced repeatedly along upper resistance during the early part of the LS. And this was after two nice days of rise in price. And so, when the US session came and rather strongly dropped the price, then moved the price back up to a lower previous SR level, it looked like a backtest of new, lower resistance. The market moved the price back up to take on more shorts is how I read this price action.
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  • #41,735
  • Dec 3, 2012 6:14am Dec 3, 2012 6:14am
Quoting traderathome
UJ: TP1 reached and trade closed for 42 pips, EP1 to TP1.
Clear and nice trade Tah ..
" Support/Resistance is your friend .. and TREND your girlfriend .. "
  • #41,736
  • Dec 3, 2012 6:49am Dec 3, 2012 6:49am
Quoting Shooter150
AudUSd entered long

Attachment
AUDUSD close manually +17 pips (there is a resistance over there so i prefer to take my profit)

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" Support/Resistance is your friend .. and TREND your girlfriend .. "
  • #41,737
  • Dec 3, 2012 6:56am Dec 3, 2012 6:56am
Market Commet:

Sonicers, spikes up on AU, EU, GU, and down on UCad. And just before US open. Things might be setting up for reversals to pro-USD. We'll see.
  • #41,738
  • Dec 3, 2012 9:52am Dec 3, 2012 9:52am
Look how easy it is in the chart below ... (i didn't trade it)

1. support
2.wave analysis
3.price above dragon

= + some pips

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" Support/Resistance is your friend .. and TREND your girlfriend .. "
  • #41,739
  • Dec 3, 2012 2:08pm Dec 3, 2012 2:08pm
Quoting Shooter150
Look how easy it is in the chart below ... (i didn't trade it)

1. support
2.wave analysis
3.price above dragon

= + some pips

Attachment

Letīs talk about your trades in a year from now - And then letīs see how easy it is....

Still hope to see you around

H.
"The future is already written in the past"
  • #41,740
  • Edited 2:50pm Dec 3, 2012 2:21pm | Edited 2:50pm
AU Comment:

Just based on VSA (pic.1), the market could be preparing for a drop in price. Note the selloff in the asian session. Then the market worked the price back up during the first part of the London session, where near the top the market executed the Pump & Dump. Since then price has ranged, as if the market is not yet ready to execute the drive down. Maybe the market is waiting for the asian session to get another shot at collecting good priced shorts first. Or maybe the US market doesn't give a hoot for the asian session players and is just ranging the price soley for itself.

On the basis of S&R, the market (US mkt.) has most recently abided by a previous resistance level. And it may be telling to witness if this level (area) holds as resistance thru to the end of today, and into the asian session tomorrow (pic. 2).

All speculative. I already have shorts (previously posted) on this pair, so I'm going to be watching this more closely now.
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