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Sonic R. System

  • #59,541
  • Sep 20, 2013 1:49am Sep 20, 2013 1:49am
Quoting loeil
{quote} Today is 20.september, your chart is 19.september {image}
yup sorry correct chart added
  • #59,542
  • Sep 20, 2013 1:56am Sep 20, 2013 1:56am
Three Dragons

Just banked an easy $10 in UJ - take a look guys - the **25 level, with increased volume, PA around the 5m Dragon and a bit later a WRB - a green Marubozo with high volume and little follow through. Its pre LO, so only 1 unit and bank those pips BFN
Trading Levels with WRBs
  • #59,543
  • Sep 20, 2013 1:56am Sep 20, 2013 1:56am
Hi Guys, still learning 3 dragons...

UJ entered at red arrow, got SL-ed...

Any comments on what did i do wrong?

Thanks..
Attached Image (click to enlarge)
Click to Enlarge Name: Screen Shot 2013-09-20 at 1.52.04 PM.png Size: 130 KB
  • #59,544
  • Sep 20, 2013 1:58am Sep 20, 2013 1:58am
Quoting wilo808
Hi Guys, still learning 3 dragons... UJ entered at red arrow, got SL-ed... Any comments on what did i do wrong? Thanks.. {image}
You shorted right next to support!
Creditors have better memories than debtors.
  • #59,545
  • Sep 20, 2013 2:08am Sep 20, 2013 2:08am
Quoting wilo808
Hi Guys, still learning 3 dragons... UJ entered at red arrow, got SL-ed... Any comments on what did i do wrong? Thanks.. {image}
I see there only 3 possible EP-s. Maybe there was one more too, where is ? but I don't see where the candle closed.
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Click to Enlarge Name: Screen Shot 2013-09-20 at 1.52.04 PM.png Size: 148 KB
Whatever is obvious is obviously wrong!"
  • #59,546
  • Edited 2:23am Sep 20, 2013 2:11am | Edited 2:23am
Quoting wilo808
Hi Guys, still learning 3 dragons... UJ entered at red arrow, got SL-ed... Any comments on what did i do wrong? Thanks.. {image}

No problem with your entry, but just after FO so look out for a fake-out. The 06:03 gmt candle was a red hammer with the highest tick volume for the past hour, so an alert - if using a hard SL consider moving to just behind (above) the 1 min dragon. After an "alert" candle - look hard at the PA. Here, the **25 level acted as support.

Remember when all of the short term Dragons are flat, there is no short term trend, so price may go either way.....

PS My exit was just under the Yesterday's close / todays open line - again S&R + Volume

PSS I bought cable just before FO
Trading Levels with WRBs
  • #59,547
  • Sep 20, 2013 3:09am Sep 20, 2013 3:09am
I am doing something wrong.....
Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot1.png Size: 91 KB
Everything is possible!!! Step by Step...
  • #59,548
  • Sep 20, 2013 3:09am Sep 20, 2013 3:09am
hah hah gotta love fake outs MM's at work lol USD pairs Kaput now. I saw that fake resistance break on NZD/USD then BAM rofl
  • #59,549
  • Edited 10:22pm Sep 20, 2013 3:12am | Edited 10:22pm
Quoting maflip
hah hah gotta love fake outs MM's at work lol USD pairs Kaput now. I saw that fake resistance break on NZD/USD then BAM rofl
But, I did got suckered in long on AUD/USD and lost -6 pips. However, I was quick to find that mistake lol. Made 12.8 pips on the way down and made more than my loss.
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Click to Enlarge Name: Screenshot1.png Size: 78 KB
  • #59,550
  • Sep 20, 2013 3:13am Sep 20, 2013 3:13am
Classic MM Fake out, resistance break then BAM! b'terds!!! I was watching NU, because it's been leading the move on USD pairs lately.
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  • #59,551
  • Sep 20, 2013 3:16am Sep 20, 2013 3:16am
Just closed out my AUD-USD 10.3 PIPS Easy as 1-2-3 i Should have held on to the trade but had 1 position opened...
Attached Image (click to enlarge)
Click to Enlarge Name: aud-usd scalp 9-20 dragons.PNG Size: 119 KB
Creditors have better memories than debtors.
  • #59,552
  • Sep 20, 2013 3:22am Sep 20, 2013 3:22am
Quoting ForexSwag
Just closed out my AUD-USD 10.3 PIPS Easy as 1-2-3 i Should have held on to the trade but had 1 position opened... {image}
Yeah, it might go down more, usually fake out like those makes good long moves. But who knows, these MM's are crazy sometimes. hah hah that was a fun trade.
  • #59,553
  • Sep 20, 2013 3:23am Sep 20, 2013 3:23am
Quoting DmitryFX
I am doing something wrong..... {image}
Dmitry trying using the 200Ema, but use it only for trend...
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Click to Enlarge Name: Screenshot1.png Size: 70 KB
Creditors have better memories than debtors.
  • #59,554
  • Sep 20, 2013 3:24am Sep 20, 2013 3:24am
Quoting DmitryFX
I am doing something wrong..... {image}
1. Pre LO - so to quote Sonic the Price Action is NOT reliable.

2. Short term Dragons are flat so no bias and price may go either way / or both!

3. IMO no reason to trade UJ as no harmony between EurUsd & UsdJpy

4. The PA after FO suggested a move up

PS Banked in cable when it failed to get up even to its DP - chart later too busy now......
Trading Levels with WRBs
  • #59,555
  • Sep 20, 2013 3:24am Sep 20, 2013 3:24am
Quoting maflip
{quote} Yeah, it might go down more, usually fake out like those makes good long moves. But who knows, these MM's are crazy sometimes. hah hah that was a fun trade.
0.9400 looks like a good number!
Creditors have better memories than debtors.
  • #59,556
  • Sep 20, 2013 3:31am Sep 20, 2013 3:31am
Quoting ForexSwag
{quote} 0.9400 looks like a good number!
Looks like it's profit taking Friday on AUD/USD . But, I'm done for today and I'm taking home the bacon.
  • #59,557
  • Sep 20, 2013 3:35am Sep 20, 2013 3:35am
Quoting ForexSwag
{quote} Dmitry trying using the 200Ema, but use it only for trend... {image}
Black line is 200 EMA. So the same situation - price was below it.
Attached Image (click to enlarge)
Click to Enlarge Name: eurjpy-m1-alpari-limited.png Size: 70 KB
Everything is possible!!! Step by Step...
  • #59,558
  • Sep 20, 2013 3:40am Sep 20, 2013 3:40am
Quoting DmitryFX
{quote} Black line is 200 EMA. So the same situation - price was below it. {image}
Change the timeframe 5min 200 ema is stating up.... Find resistance and support before you trade on the 15 min time frame line it out on the chart, that should help you out!

1Min timeframe is very choppy for Eur/JPY stick to Regular pairs... The other yen pairs move way to much!
Lower spread pairs are the best for this 1min scalp
Creditors have better memories than debtors.
  • #59,559
  • Sep 20, 2013 3:45am Sep 20, 2013 3:45am
Quoting Islander
{quote} 1. Pre LO - so to quote Sonic the Price Action is NOT reliable.
2. Short term Dragons are flat so no bias and price may go either way / or both!
3. IMO no reason to trade UJ as no harmony between EurUsd & UsdJpy
4. The PA after FO suggested a move up
PS Banked in cable when it failed to get up even to its DP - chart later too busy now......
Not very clear, anyway thanks!
Everything is possible!!! Step by Step...
  • #59,560
  • Sep 20, 2013 3:47am Sep 20, 2013 3:47am
Quoting ForexSwag
{quote} Change the timeframe 5min 200 ema is stating up.... Find resistance and support before you trade on the 15 min time frame line it out on the chart, that should help you out! 1Min timeframe is very choppy for Eur/JPY stick to Regular pairs... The other yen pairs move way to much! Lower spread pairs are the best for this 1min scalp
OK, for before scalping at 1m I have to study 15m. Sounds good. Thanks!
Everything is possible!!! Step by Step...
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