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Sonic R. System

  • #61,281
  • Oct 23, 2013 8:42pm Oct 23, 2013 8:42pm
Quoting sonicdeejay
Important of S & R.. Sonic {image}
As usual brilliant!
There is no spoon....
  • #61,282
  • Oct 23, 2013 8:58pm Oct 23, 2013 8:58pm
Quoting sonicdeejay
Important of S & R.. Sonic {image}
and are you think is this bearish?
  • #61,283
  • Oct 23, 2013 9:50pm Oct 23, 2013 9:50pm
Quoting luisermers
{quote} and are you think is this bearish?
i think it is bearish. I am personally short on this
Money Management and Patience is the Key
  • #61,284
  • Oct 24, 2013 12:12am Oct 24, 2013 12:12am
Personally i think UJ and EJ is BULLS!

Most of the activity happen at lows.

For UJ, in H4, price retraced to 23.6% fibo and increase activity there which form quite a support there.

As for EJ, price retraced to 38.2% fibo and increase activity at lows as well. if you notice on M1, most volume increased at lows.....
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  • #61,285
  • Oct 24, 2013 12:39am Oct 24, 2013 12:39am
Quoting scuderia
{quote} i think it is bearish. I am personally short on this
Quoting diginime
Personally i think UJ and EJ is BULLS! Most of the activity happen at lows. For UJ, in H4, price retraced to 23.6% fibo and increase activity there which form quite a support there. As for EJ, price retraced to 38.2% fibo and increase activity at lows as well. if you notice on M1, most volume increased at lows..... {image} {image}
I found out that it's not really how it works .. Because there are always tools that confirm upward moves and there are some which confirming bearish movements. The disadvantage of this kind of behavior is missing the good setups that is in the opposite direction of "what you think" price will do.

When someone asks me "where do you think price will go ? up or down ?" I answer him "I don't know, because if I did, I was in the market". I tried to be unbiased when I don't see a setup. don't forget, it's your system that gives you a bias, which is SonicR in this thread or many other successful methods .. when I don't see a setup, I'm simply unbiased.

Of course we should have in mind general trends, higher TFs, bigger picture and etc. , but it's not about analyzing the market in every situation. because beside the disadvantage I told you above, it'll make you jump into the market , or see a normal setup that matches your "thinked" bias as a perfect setup.

You'll reach a place that you can easily think what you want. That don't matter anymore, and you know it, because you're so disciplined that you are able to stick to your plans, no matter what.

Regards,
Basber
Trading methods are designed to put the odds in our favor, not predicting.
  • #61,286
  • Oct 24, 2013 1:19am Oct 24, 2013 1:19am
told cha for EJ.... 30pips up
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  • #61,287
  • Oct 24, 2013 1:25am Oct 24, 2013 1:25am
close at 61 fibo
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  • #61,288
  • Oct 24, 2013 1:56am Oct 24, 2013 1:56am
Quoting loeil
GJ - long @157.15 .. I think it is retracement and I'm not keeping that trade very long. {image}
GJ - closed 3 components for 215 pips gain.
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Whatever is obvious is obviously wrong!"
  • #61,289
  • Oct 24, 2013 2:02am Oct 24, 2013 2:02am
Quoting diginime
told cha for EJ.... 30pips up {image}
Nicely taken
Whatever is obvious is obviously wrong!"
  • #61,290
  • Oct 24, 2013 2:11am Oct 24, 2013 2:11am
here come a new challenger. GU bear, H1 high volume at top and retraced to 23.6% fibo, looks like gonna fall....
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  • #61,291
  • Oct 24, 2013 2:14am Oct 24, 2013 2:14am
GU - short @1.6216 . Nice fibo rejection and also possible H&S forming on H1.
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Whatever is obvious is obviously wrong!"
  • #61,292
  • Oct 24, 2013 2:17am Oct 24, 2013 2:17am
Quoting loeil
GU - short @1.6216 . Nice fibo rejection and also possible H&S forming on H1. {image} {image}
Cool.... most of the time we had the same trade thoughts =P cheers
  • #61,293
  • Oct 24, 2013 2:26am Oct 24, 2013 2:26am
EU - short @1.3815. Little bit sceptical of this pair, but let's see.
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Whatever is obvious is obviously wrong!"
  • #61,294
  • Oct 24, 2013 2:33am Oct 24, 2013 2:33am
Some one pls post a whip saw song..


SONIC
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  • #61,295
  • Oct 24, 2013 4:21am Oct 24, 2013 4:21am
Quoting loeil
EU - short @1.3815. Little bit sceptical of this pair, but let's see. {image}
Hi Loeil, can I ask what convinced you to go short at that point? Was it rising volume through 1.38, combined with price almost touching the RWH?

Cheers!

Edit: it's also interesting to note that price punched through the Asia range high. Could be classed as a fake breakout maybe.

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  • #61,296
  • Edited 4:51am Oct 24, 2013 4:38am | Edited 4:51am
Quoting Bloomfx
{quote} Hi Loeil, can I ask what convinced you to go short at that point? Was it rising volume through 1.38, combined with price almost touching the RWH? Cheers! Edit: it's also interesting to note that price punched through the Asia range high. Could be classed as a fake breakout maybe. {image}
What convinced me? Hmm..Just saw increasing volume and then suddenly exhaustion in the volume (divergence also). Those are strong weakness signs. And this all happened just before Lo open and EUR high impact releases. That is the reason.

But as I say, I'm sceptical about EU, because we have sawn so many weakness sings and still the price goes up - it's a huge manipulation there and I have no idea when it ends.

I'm not sure that this is the start of downtrend. Time will tell.
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Whatever is obvious is obviously wrong!"
  • #61,297
  • Oct 24, 2013 5:54am Oct 24, 2013 5:54am
A lot of traders and eve financial institutions bleeding today because of the market speculation. It will be over soon. Not a lot of people can survive such move that do not fall into any logical scenarios!
There is no spoon....
  • #61,298
  • Oct 24, 2013 6:10am Oct 24, 2013 6:10am
1) Raise the price and lower the volume. If MM were bears: volume should rise? Could considered bulls and stop the rise?

2) Go down the price and volume increases, if the above is true this would be more purchases.
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Newbie trader
  • #61,299
  • Oct 24, 2013 6:11am Oct 24, 2013 6:11am
Quoting Msis125125
A lot of traders and eve financial institutions bleeding today because of the market speculation. It will be over soon. Not a lot of people can survive such move that do not fall into any logical scenarios!
Actually I think it is not the most craziest situation at the moment and actually everyone can make profit even those days. I took yesterday 200 pips and today 215 pips, so everything is possible even those crazy days. Earlier we used to take 2000,3000,6000 even 10 000 pips at one time, but do we exactly need 10 000 pips and huge movements on the market? I think no. I changed my trading method and I'm very happy for that, because I raised the lot size and need much less pips to get profit. Even 25 pips brings smile on my face now
Whatever is obvious is obviously wrong!"
  • #61,300
  • Oct 24, 2013 6:19am Oct 24, 2013 6:19am
Good for you buddy, you are most promising trader here. I envy you, with white envy of course!
There is no spoon....
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