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Sonic R. System

  • #53,921
  • Jul 18, 2013 4:25am Jul 18, 2013 4:25am
EUR/USD: Added LONG TRADE. TARGET AND TAKE PROFIT: MEDIUM NUMBER 1.31500
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My mother language is Spanish, so, please, be patient with me.
  • #53,922
  • Edited 4:37am Jul 18, 2013 4:27am | Edited 4:37am
UJ false break above trendline to come back and test 99.87? or to 100.46 hmmmm, tough market.

I'm thinking 99.87 min while EU, GU , and AU catch a bid.

Ready to short the GU pump if so!
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  • #53,923
  • Jul 18, 2013 4:32am Jul 18, 2013 4:32am
Quoting traderathome
UCad Short Trade: Entered short #1, Scout. Late on the Scout entry, but if price is pushed back up I will add. M1 PVSRA shows the push up thru the 1/4 SR was followed by higher trading, indicating the MMs are bears. {image}
UCad Short Trade: Closed for 5 pips gain. I just don't feel good about this one. That is all I have to go on. I should not have entered in the first place.
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  • #53,924
  • Jul 18, 2013 4:40am Jul 18, 2013 4:40am
Quoting traderathome
{quote} UCad Short Trade: Closed for 5 pips gain. I just don't feel good about this one. That is all I have to go on. I should not have entered in the first place. {image}
Hi Prof Tah,

Just to learn from you, any reason as to why this wasn't a good trade?
  • #53,925
  • Jul 18, 2013 4:44am Jul 18, 2013 4:44am
Quoting revoli
{quote} If I may add: If you use a minimum quote to achieve be careful, it can lead to bad habits: 1. You fail to reach 50 pips and overtrade losing pips already won in a vain attempt to reach target 2. You keep trading in poor market conditions to try to make target when you should step aside and wait 3. Tne worst behaviour in many ways - you make an easy 50 pips in excellent market conditions and stop trading when you should be cleaning up with loads of pips. Days like this need to make up duff days. I always found it better to try to average...

Thank you, all excellent comments that should be taken into account. So far, I am keeping my comments as KISS as possible. If there are sufficient traders following this intra day idea, then we can also provide more suggestions for maximising profits. I personally like to think of 1,000 pips / month in standard lots and this suggests 50 a day in ranging conditions. As I mentioned, the larger moves are usually clear to see and a trader should take advantage of them, either by staying in for a larger TP or by re-entering after banking some profits.

I've updated this chart from yesterday to include the last trades that I posted. The wide ranged green marubozo candle that broke the 99.50 level with high volume was the signal to the alert trader to expect a continuation on up for what became a 60 pip swing rather than the ~30 swings shown earlier....
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Trading Levels with WRBs
  • #53,926
  • Jul 18, 2013 5:18am Jul 18, 2013 5:18am
Long time no post, but i always read this thread. Need help to upload pictures cause i can't upload any pictures. When i click "upload from computer" button, it always return to www.forexfactory.com/#
I need some advices about AJ pair, yesterday AJ M15 have a good pump and dump, but today we can see a good wave to long. I will add pictures when i can upload them.
  • #53,927
  • Jul 18, 2013 6:37am Jul 18, 2013 6:37am
Quoting Conorado
Long time no post, but i always read this thread. Need help to upload pictures cause i can't upload any pictures. When i click "upload from computer" button, it always return to www.forexfactory.com/# I need some advices about AJ pair, yesterday AJ M15 have a good pump and dump, but today we can see a good wave to long. I will add pictures when i can upload them.
AJ:
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  • #53,928
  • Jul 18, 2013 6:50am Jul 18, 2013 6:50am
Quoting Islander
{quote} Thanks - I found that it was actually a 100 LWMA .....I haven't opened that chart for some time! Now changed to the 150EMA as a good proxy for the 5m dragon's band. The 15m is the 500 EMA as a proxy for the 15m dragon's band.... Now that EurUsd has gone into "chop mode" I'm back to just watching UsdJpy which is currently IMO the best chart for my trading....
Good day,

as I understand that on 1M chart Dragon 5M is 150EMA close and 15M dragon is 500EMA close, as I understand??
Also, thanks to Your inputs..as well to Tymedu and Sonic, TAH and etc......
  • #53,929
  • Jul 18, 2013 6:59am Jul 18, 2013 6:59am
Quoting Islander
{quote} Thanks - I found that it was actually a 100 LWMA .....I haven't opened that chart for some time! Now changed to the 150EMA as a good proxy for the 5m dragon's band. The 15m is the 500 EMA as a proxy for the 15m dragon's band.... Now that EurUsd has gone into "chop mode" I'm back to just watching UsdJpy which is currently IMO the best chart for my trading....
You are going to hate me for suggesting it, but we could do with a little help from that kind fellow who produced Prof TAHs PVSRA .pdf. By taking a look at some of your posts... only just a thought. It may save you some time as there seems to have been some interest generated.
  • #53,930
  • Jul 18, 2013 7:07am Jul 18, 2013 7:07am
EURGBP. 2 parts closed. 2 x 27 = +54 pips.

I don't like this pair.

Although it scares me a little, I will try with a yen pair: UJ.
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Newbie trader
  • #53,931
  • Jul 18, 2013 7:19am Jul 18, 2013 7:19am
UCad Long Trade:

Entered Classic long. I think I am on the right side of this now considering yesterday the high volume push to lows, at lows, and coming back up from lows.
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  • #53,932
  • Jul 18, 2013 7:24am Jul 18, 2013 7:24am
EU looking really weak. Dollar strength for the next few 100 pips?

H1 sonic set up.

We don't hold 1.3088 I'd expect to drop 100 pips today/tomorrow.
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  • #53,933
  • Jul 18, 2013 7:30am Jul 18, 2013 7:30am
UJ

6 longs closed @100.25 winning 445 pips (74x6 from AVG to TP)

Reasons:

  1. Volume rising (again) above 100.25 (quarter number)
  2. Japan elections this weekend (it may be a gap up, but also a gap down)
  3. Possible LH in this last swing

Not a big big profit (around 1,5%) but profit is profit. Maybe I closed too early but market is tricky this week and I prefer to play safe.

Best, Tymedu,

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To fail is just an opportunity to learn
  • #53,934
  • Jul 18, 2013 7:39am Jul 18, 2013 7:39am
Quoting Tymedu
UJ 6 longs closed @100.25 winning 445 pips (74x6 from AVG to TP) Reasons: Volume rising (again) above 100.25 (quarter number) Japan elections this weekend (it may be a gap up, but also a gap down) Possible LH in this last swingNot a big big profit (around 1,5%) but profit is profit. Maybe I closed too early but market is tricky this week and I prefer to play safe. Best, Tymedu, {image} {image}
Good, sensible and profitable trading.

Me? Yeah,......still waiting for UJ and other YEN pairs to move to the down side.
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  • #53,935
  • Jul 18, 2013 7:43am Jul 18, 2013 7:43am
UJ can explode to 100.82+ if EU keeps falling. Starting to expect it now.
  • #53,936
  • Jul 18, 2013 7:46am Jul 18, 2013 7:46am
Quoting Ck87
UJ can explode to 100.82+ if EU keeps falling. Starting to expect it now.
Indeed, it could break 100.50 but if you compare it with other pairs, it's having more preasure. Example: EU is falling more "freely" and UJ should rise as well with the same "freedom" but it's more reticent. Don't know, it can explode but it has a weird smell .
To fail is just an opportunity to learn
  • #53,937
  • Jul 18, 2013 7:47am Jul 18, 2013 7:47am
Quoting traderathome
UCad Long Trade: Entered Classic long. I think I am on the right side of this now considering yesterday the high volume push to lows, at lows, and coming back up from lows. {image}

I am not convinced. The big spikes are at the tops.

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Katte, kabuto no o wo shime yo. Size doesn't matter, leverage is the killer
  • #53,938
  • Jul 18, 2013 7:49am Jul 18, 2013 7:49am
Agree, everything has a weird smell right now Very tough environment! I'm confident in a steep fall in EU though if this 1.3088 level isn't taken back very shortly. Saw major dollar strength coming yesterday. My demo currency account is going to be happy if I'm right
  • #53,939
  • Jul 18, 2013 7:53am Jul 18, 2013 7:53am
Market Comment

Still 2 more USD high impact releases coming, in a bit over an hour from now. Meanwhile, I suspect just position building. The excitement will be to see if the MMs end these doldrums with whipsaws followed by genuine runs for profit.
  • #53,940
  • Jul 18, 2013 7:57am Jul 18, 2013 7:57am
Quoting revoli
{quote} I am not convinced. The big spikes are at the tops. {image}
Me neither, but judging by the hit rate of TAH prof ... I've got a black future
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