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Sonic R. System

  • #62,061
  • Nov 13, 2013 4:57am Nov 13, 2013 4:57am
Quoting JRissa
{quote} Here is how I read your 5min chart posted. Hope it helps! {image}
Enormously grateful JRissa ​. It seems that I always look more complicated interpretations . That helps a lot.
Newbie trader
  • #62,062
  • Nov 13, 2013 4:57am Nov 13, 2013 4:57am
Quoting Tiggrrr
{quote} jasakreatif can you please explain reasons behind why you enter a trade ? I am looking at your charts but cant seem to figure out your actions behind making the decision.
so many to explain , long story .... , just stay tune on thread , keep watching Mr Chaw ' i mean sonicdeejay
  • #62,063
  • Nov 13, 2013 4:57am Nov 13, 2013 4:57am
Quoting jasakreatif
{quote} just watchout , if i take short close your long , i have 5 billion here he2

Really impressed. you're also right about E/U for now. keep it up
  • #62,064
  • Nov 13, 2013 5:00am Nov 13, 2013 5:00am
Quoting loeil
{quote} Fex, yes there are bear candles, but what those candles tells you? Bear candles has high volume but price won't move, this kind of volume assumes some movements also, but there is no any notable down move and after that bear candle bulls shows their hands right away. JRissa drew more on your chart and as you see there are strength signs in the background. {image}
Much appreciated loeil , this also helps a lot.
Newbie trader
  • #62,065
  • Nov 13, 2013 5:08am Nov 13, 2013 5:08am
EG

Possible heavy buying going on.

Give it some time to develop.
Attached Image (click to enlarge)
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I know the secret...
  • #62,066
  • Nov 13, 2013 5:26am Nov 13, 2013 5:26am
USDCHF

I see bears at background...

Lower highs, Dragon +Drend turned down...

Waiting...
Attached Image (click to enlarge)
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I know the secret...
  • #62,067
  • Nov 13, 2013 6:41am Nov 13, 2013 6:41am
XU

Seeing bullish action going on...

Waiting for price to break trendline, or bullish reaction to last heavy support zone.
Attached Image(s) (click to enlarge)
Click to Enlarge Name: XU1H.png Size: 59 KB
Click to Enlarge Name: XU1H_2.png Size: 85 KB
I know the secret...
  • #62,068
  • Nov 13, 2013 7:04am Nov 13, 2013 7:04am
Quoting JRissa
XU Seeing bullish action going on... Waiting for price to break trendline, or bullish reaction to last heavy support zone. {image} {image}
XU failed to close above trendline.

Took short trade with close SL. I consider this as high risk trade as the 1h candle was bull candle with moderate volume starting low and closing high.
Attached Image (click to enlarge)
Click to Enlarge Name: XU1H.png Size: 58 KB
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  • #62,069
  • Edited 7:44am Nov 13, 2013 7:33am | Edited 7:44am
UJ Short Trade:

Sonic R. System perfect Classic setup, but I was late waking up. Still, this should be profitable. Besides, trying to get in at the earliest EP leaves a trade more susceptible to head fakes.

Edit: Updated chart to show TP and SL.
Attached Image (click to enlarge)
Click to Enlarge Name: nov 2013 - 057.png Size: 63 KB
  • #62,070
  • Nov 13, 2013 7:37am Nov 13, 2013 7:37am
Quoting JRissa
{quote} XU failed to close above trendline. Took short trade with close SL. I consider this as high risk trade as the 1h candle was bull candle with moderate volume starting low and closing high. {image}
XU

Triangle formed on 1min chart. Lets see how it performs
Attached Image (click to enlarge)
Click to Enlarge Name: XU1M.png Size: 71 KB
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  • #62,071
  • Nov 13, 2013 7:47am Nov 13, 2013 7:47am
Quoting traderathome
UCad Short Trade: Entered short Classic #1. Yes, before LS, but the volume during this up/dn consolidation is notable. The MMs might later ram the price higher for better shorting, but I made this entry just in case that does not happen. {image}
UCad Short Trade Update:

Yesterday, shortly after the initial post, I added short Classics #2 & 3.

As for now, note that another Classic setup is formed. This is an almost perfect one. It is in the LS. The Dragon has crossed the Trend and PA is below both. It is the poor angle of the Dragon that makes this less than perfect. USD releases are not until tomorrow, so the MMs might continue to range this. We can never know.
Attached Image (click to enlarge)
Click to Enlarge Name: nov 2013 - 058.png Size: 60 KB
  • #62,072
  • Nov 13, 2013 7:53am Nov 13, 2013 7:53am
Quoting JRissa
{quote} XU Triangle formed on 1min chart. Lets see how it performs {image}
XU
SL hit.
Still not convinced about this being bullish break of trendline. I'll give it some more time.
Attached Image (click to enlarge)
Click to Enlarge Name: XU15M.png Size: 58 KB
I know the secret...
  • #62,073
  • Nov 13, 2013 7:57am Nov 13, 2013 7:57am
EU long trade +EC long trade.

If price goes lower, I'll add to my positions.
Attached Image(s) (click to enlarge)
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  • #62,074
  • Nov 13, 2013 8:05am Nov 13, 2013 8:05am
Quoting JRissa
{quote} XU failed to close above trendline. Took short trade with close SL. I consider this as high risk trade as the 1h candle was bull candle with moderate volume starting low and closing high. {image}
I see gold as bullish, is has closed above my trend line and fired off a 2 bar reversal basically right on the line with high volume, I have 3 buys going on this at the moment, 1 in profit, the other 2 very nearly.

XAUUSD H1
Attached Image (click to enlarge)
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insideBars==boss
  • #62,075
  • Nov 13, 2013 8:09am Nov 13, 2013 8:09am
EJ:

Another break down thru the half number SR and this might go lower. On the other hand, JPY releases are still a ways off, so this could be pulled back up,....ranged,....until then. As it is, the Dragon is crossed down thru the Trend and if PA breaks the half number SR then it will be below both. And, it is the LS. Unfortunately, there is no way to know what will be.
Attached Image (click to enlarge)
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  • #62,076
  • Nov 13, 2013 8:12am Nov 13, 2013 8:12am
EU:

A quick push higher. Could be a "Pump & Dump" Distribution move. Sure looks like it. And, it is what is causing EJ to move a tad higher. So, if this is the bears at work, both could be going lower later.
Attached Image (click to enlarge)
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  • #62,077
  • Nov 13, 2013 8:19am Nov 13, 2013 8:19am
Quoting adamjn
{quote} I see gold as bullish, is has closed above my trend line and fired off a 2 bar reversal basically right on the line with high volume, I have 3 buys going on this at the moment, 1 in profit, the other 2 very nearly. XAUUSD H1 {image}
On the other hand, the big trend is down and this has just made a healthy retrace, and with highest volumes coming in at the highs of the retrace.....
Attached Image(s) (click to enlarge)
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  • #62,078
  • Nov 13, 2013 8:31am Nov 13, 2013 8:31am
Quoting loeil
{quote} GU - let the market calm down then I'm looking profit place. {image}
GU - closed for 1142 pips gain
Attached Image(s) (click to enlarge)
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Whatever is obvious is obviously wrong!"
  • #62,079
  • Nov 13, 2013 8:36am Nov 13, 2013 8:36am
Quoting traderathome
UJ Short Trade: Sonic R. System perfect Classic setup, but I was late waking up. Still, this should be profitable. Besides, trying to get in at the earliest EP leaves a trade more susceptible to head fakes. Edit: Updated chart to show TP and SL. {image}
UJ Short Trade Update:

I just added short Classic #2 as price returned up to the area the original EP zone would be, also adjusted TP and SL. The SL is not hard coded, just mental due to the JPY and USD releases, coming over the next 24 hours, which could bring whipsawing.
Attached Image (click to enlarge)
Click to Enlarge Name: nov 2013 - 063.png Size: 65 KB
  • #62,080
  • Nov 13, 2013 8:37am Nov 13, 2013 8:37am
Quoting loeil
{quote} GU - closed for 1142 pips gain {image} {image}
loeil, knock 'em dead, man!
Attached Image (click to enlarge)
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