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36 mins later..
Well.. Told Cha..
Sonic
The System Behind the System, by Merlin Jeffries 16 replies
Sonic R.evolution 93 replies
Old School Sonic System + Other Things 11 replies
Knife system, Vegas 4h system related questions. 4 replies
Would you trade this system? New system #2. 10 replies
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DislikedI have read a very good and true account from a forummer.. It goes like this,,,
I will continue with what works for me: raw price action using price, volume, S&R, momentum, exhaustion, cycles, time, harmonic analysis, market sentiment with a splash of funny mentals thrown in.
With regard to my transition from having indicators up the ying yang on my charts to now with just volume and the 20ema and the 50sma, I need to share my experience with an old time trader, Dr. Joe, which will also show...Ignored
DislikedUCad:
Sonicers, this might soon create a good long setup. Notice the MMs took the price down and since have been loading up in increasing amounts.Ignored
DislikedUCad: Entered long as a Scout, based on previous discussion on this. Am prepared to do so again if LS MMs really wack it, maybe to half number area/below! But for that, I'd want to see high relative volume on the wacking, with most of it at the lower prices, which can only be determined by dropping down to M1 to study the situation better.
No TP nor SL at this time.
BTW, if you apply a FR study to the last run up, you will see the current pullback down has been to the 62% retrace area, and my entry long is close to that, so as a Scout it might...Ignored
DislikedEU: Entered short. This is a SonicR re-entry trade based on much that has just been discussed (H&S on Daily), as well as the fact that the MMs of the late US session have maniulated the price back up to a local SR level on declining volume, which means they want a high price but they want to "invest" little to get it there, which means they are shorting. If the MMs are loading up with shorts then the price might be manipulated even higher as time goes on by the next Asian session MMs, and then the next FO MMs, etc. For me, the bottom line is if...Ignored
DislikedI have read a very good and true account from a forummer.. It goes like this,,,
With regard to my transition from having indicators up the ying yang on my charts to now with just volume and the 20ema and the 50sma, I need to share my experience with an old time trader, Dr. Joe,.....
....From this came his very simple method:
Buy when it goes up and sell when it goes down. I can’t remember it word for word but...Ignored
DislikedEU and EG Additional Comment:
.... bear MMs. We just don't know when the MMs will initiate the break low.
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DislikedHi TH,
What about option barriers? Aren't the MMs selling the options?
Do you calculate these data in your timing?
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DislikedI'm not sure what Sonic would say, but man, you gotta be like a surfer, knowing good looking waves from crappy ones, and knowing when the good looking waves should be coming and therefore should amount to something, and when they shouldn't, and likely won't. You are trying to be too detailed, too specific. The market isn't like that. Hell, the MMs might wake up on the wrong side of the bed and cast a monkey wrench into things for no other reason than they are pissed off! At least, that is how you need to framework it all.
-tahIgnored
DislikedHi Tah,
Thanks for your reply. Might be real good to get that into practice with charts on here for comments. Cheers mate. Another question here, I notice on your charts there are acroymns that I ain't sure bout. Probably you can explain to me? RWH, RDH,RWL, RDL. Are you those your entries and SL?
Thanks
DerekIgnored