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Sonic R. System

  • #42,581
  • Jan 3, 2013 5:25pm Jan 3, 2013 5:25pm
Quoting traderathome
GU: Entered additional trade short. This went against me Friday with mental SL. Still looks bearish to me. Original TP1 is now tentative.
GU: TP1 reached and both trades closed for 55 pips gain on trade 1 and 90 pips gain on trade 2, EPs to TP1.
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  • #42,582
  • Jan 3, 2013 7:51pm Jan 3, 2013 7:51pm
2 out of 3 black crows already appeared. 3 black crows signal is very bearish formation.

Today candle will be the very important candle, especially it is in conjunction with NFP.


Sonic
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  • #42,583
  • Jan 3, 2013 9:03pm Jan 3, 2013 9:03pm
AU still going to bottom TL

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  • #42,584
  • Edited 11:47pm Jan 3, 2013 9:11pm | Edited 11:47pm
Quoting sonicdeejay
2 out of 3 black crows already appeared. 3 black crows signal is very bearish formation. Today candle will be the very important candle, especially it is in conjunction with NFP. - Sonic
"Black crows"? I don't see no durned black crows! .....mebbie youz mean dem "red herrings"?
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  • #42,585
  • Jan 3, 2013 9:14pm Jan 3, 2013 9:14pm
USDCAD still have long way to North

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  • #42,586
  • Edited 11:58pm Jan 3, 2013 9:20pm | Edited 11:58pm
Be Carefull When You Trade/Invest

Picking the time when you trade/invest is very important. For example, the summer time months of May thru August are terrible, slow markets. Things pick up in the Fall thru Spring, but there you still want to avoid any month with an "r" in it's name.
(-Credit to Will Rogers-)
  • #42,587
  • Jan 3, 2013 9:41pm Jan 3, 2013 9:41pm
May, June, July, August.

Small window =(
  • #42,588
  • Jan 3, 2013 10:09pm Jan 3, 2013 10:09pm
Quoting traderathome
UJ: Entered long, again and at same EP as yesterday. This time SL remains mental. I intend to add if price is knocked lower again.
UJ: Manually closed at TP2 for 50 pips gain, EP1 to TP2. This might go higher, but volume is dropping and price seems struggling for new gains.
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  • #42,589
  • Jan 3, 2013 11:05pm Jan 3, 2013 11:05pm
UCad:

Still a "favored" due to PA/volume. You can easily see the mkt. dropped price on small volume and then gobbled it up big time at the bottom! Now on the rise, and with more USD high impact releases due this last day of the week, this might go soaring. We'll see.
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  • #42,590
  • Edited Jan 4, 2013 12:16am Jan 3, 2013 11:30pm | Edited Jan 4, 2013 12:16am
Quoting traderathome
UCad: Entered long. SL mental, big news coming out.
UCad: Entered trade 2 long. Several USD and a couple CAD high impact releases coming, so SL remains mental.
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  • #42,591
  • Jan 4, 2013 12:45am Jan 4, 2013 12:45am
Trade 1: Entered UCad Long at 0.9864

Trade 2: Entered EJ Long

I've entered EJ because of the massive volume(as highlighted) that indicate of continuous pump& dump which high probability it will continue its trend to north. This is speculative but from the 3rd leg of the dragon, and the volume.... demand is more than supply.
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  • #42,592
  • Jan 4, 2013 1:02am Jan 4, 2013 1:02am
Quoting kuance
Trade 1: Entered UCad Long at 0.9864

Trade 2: Entered EJ Long

I've entered EJ because of the massive volume(as highlighted) that indicate of continuous pump& dump which high probability it will continue its trend to north. This is speculative but from the 3rd leg of the dragon, and the volume.... demand is more than supply.
EJ:

I've been looking at this and unable to determine either direction favorably. The kicker here is that PA is right at SR area, which could act as resistance. And maybe it will take the FO/LO to determine which. Granted, the Dragon is up and PA is above both the Dragon and Trend. But that SR area is worriesome. Price could peak in another 10-20 pips and crash, maybe turning this picture into a H & S for runs down next week.

I decided not to mess with it yet.
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  • #42,593
  • Jan 4, 2013 1:25am Jan 4, 2013 1:25am
Thanks for reminding me regarding the resistance area of the PA and also the "soon coming" H&S... I aware of that, and that is why i mentioned speculative on this one. I'm taking a small lot size with a hard SL here... If i'm hitted... just let some pip into the bin... I'm aware of risk management at the same time tq !
  • #42,594
  • Jan 4, 2013 1:26am Jan 4, 2013 1:26am
Quoting traderathome
"Black crows"? I don't see no durned black crows! .....mebbie youz mean dem "red herrings"?
This is what I mean..


http://images5.fanpop.com/image/phot...18-800-500.jpg



http://www.fxwords.com/images/words/...lack_crows.jpg

Sonic
  • #42,595
  • Jan 4, 2013 2:02am Jan 4, 2013 2:02am
Quoting sonicdeejay
This is what I mean..


http://images5.fanpop.com/image/phot...18-800-500.jpg



http://www.fxwords.com/images/words/...lack_crows.jpg

Sonic
By the time we see three sweet uniform bars with itsy bitsy wicks on each end, all lined up nice and pretty like that, ........dis gunna be in da basement!
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  • #42,596
  • Jan 4, 2013 2:33am Jan 4, 2013 2:33am
Quoting traderathome
UJ: Manually closed at TP2 for 50 pips gain, EP1 to TP2. This might go higher, but volume is dropping and price seems struggling for new gains.
As a newbie I am a bit confused. You entered a trade outside the London session. What is more, the second leg did not touch or pierce the dragon which I thought is the official way of playing this system..
  • #42,597
  • Jan 4, 2013 3:02am Jan 4, 2013 3:02am
Quoting mtrader123
As a newbie I am a bit confused. You entered a trade outside the London session. What is more, the second leg did not touch or pierce the dragon which I thought is the official way of playing this system..
Re-entry trade with PA moving up thru area of previous highs. Dragon up, Trend up and PA above both. Read the manual. Take a look at AU, which might present a re-entry short trade.
  • #42,598
  • Jan 4, 2013 5:13am Jan 4, 2013 5:13am
The whole London session is nothing but in a big range while holding up 1.300x barrier..
Smart Money are accumulating.. prior to the next move..

NFP will be a trigger, there will be a firework.


Sonic
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  • #42,599
  • Jan 4, 2013 5:54am Jan 4, 2013 5:54am
sorry if this question has been answered before,
but how do i interpret the vsa?
i don't really understand how it works, any literature i should read?

great system btw, i've been reading your thread for 2 weeks and already making pips by now


for TAH, how do i move the ffcal from the main chart window to vsa window?

thanks in advance
  • #42,600
  • Jan 4, 2013 6:32am Jan 4, 2013 6:32am
Quoting traderathome
Re-entry trade with PA moving up thru area of previous highs. Dragon up, Trend up and PA above both. Read the manual. Take a look at AU, which might present a re-entry short trade.
I have the read the manual but for reentry the boss says there should be a pin bar or outside bar. That is why I am confused. Moreover, I assumed reentry is an option if the trend has been intact for a certain period of time. However, on USDJPY there was a trend change prior to your re entry. Therefore, I personally was waiting for a proper Sonic setup (not a reentry)..
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