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Sonic R. System

  • #62,941
  • Dec 3, 2013 1:49am Dec 3, 2013 1:49am
Quoting traderathome
{quote} You say that price retracing to the 50% level has "..done it's job...", and that the bounce back down from that level provided good support for shorts. Yes, that was a good place to short (presuming something more in the way of a setup occurred, and not just the 50% retrace), but when is "...it's job..." truly done? No one can say. We can not ever know these things. For all we know the price will drop to at least the 0.8850 area to form a double bottom. If that happens, there is all the likelihood the price will go that further bit to complete...
I'm glad to see you've started paying attention; giving more weight to the HTF dragon when trading those M15 signals . Trust me there'll be no more entries with over 300pips drawdown(no sl!!!) in the name of 'scouts' ! Your AU short analysis is solid mostly because it's well confirmed by th D1 dragon. It crossed DOWN 7 days ago. The extent of 'profit taking' in that last up move of the D1 dragon means a lot of VOLUME is needed to make it clear if that profit taking was actually signaling a trend change or not, so I can understand where Basber is coming from with regards to mixed signals. BUT for intraday trading purposes, as long as thhe D1 dragon stays down on little or no stopping volume, PROPER SELL SETUPS are still high probability on M15 dragon. ALSO, AUD has been a very weak currency across board for quite a while now, so any strengthening it shows can still safely be taken as 'retracements'. Only reason I'm not trading this pair is simply because I have no confidence in USD strength just yet. Higher probability trades elsewhere .
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  • #62,942
  • Dec 3, 2013 3:28am Dec 3, 2013 3:28am
USD/JPY: counter trend classic short potential

If the wave is fully formed I might jump in. This would be against the overall trend but I believe there's a good few pips in this for the short-term
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  • #62,943
  • Dec 3, 2013 3:38am Dec 3, 2013 3:38am
GBP/USD: Analysis

The GBP again today released some fantastic construction PMI figures and as opposed to the price gaining momentum and heading upwards all that has occurred is a tall wicked small spread candle. It shoots up above the whole number but price generally settles below it on high volume. In my eyes the MMs found an opportunity to hike the price up to load up shorts. This pair is extremely overbought....
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  • #62,944
  • Dec 3, 2013 3:42am Dec 3, 2013 3:42am
EURAUD
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  • #62,945
  • Dec 3, 2013 3:49am Dec 3, 2013 3:49am
Quoting sonicdeejay
{quote} Didnt turn out to be M... Ranging at m1 tf 169 for now.. see red box.. See if go bak to 168.9x lvl or goin up.. Sonic {image}
4 hrs later.. 168.8x hit..

Now i will love it if 168.3x

Sonic
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  • #62,946
  • Dec 3, 2013 3:55am Dec 3, 2013 3:55am
Quoting jasakreatif
GU long , by vol reason {image}
hit +50p


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  • #62,947
  • Dec 3, 2013 4:02am Dec 3, 2013 4:02am
Quoting marvas
GBP/USD: Analysis The GBP again today released some fantastic construction PMI figures and as opposed to the price gaining momentum and heading upwards all that has occurred is a tall wicked small spread candle. It shoots up above the whole number but price generally settles below it on high volume. In my eyes the MMs found an opportunity to hike the price up to load up shorts. This pair is extremely overbought.... {image}
My thoughts on GU. Not trading this pair now though. Easier money elsewhere.
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  • #62,948
  • Dec 3, 2013 4:04am Dec 3, 2013 4:04am
Quoting jasakreatif
{quote} hit +50p {image}{image}
Very well executed and thought out trade. Simply going with the trend.
  • #62,949
  • Dec 3, 2013 4:10am Dec 3, 2013 4:10am
Quoting LITEchild
{quote} My thoughts on GU. Not trading this pair now though. Easier money elsewhere. {image}
completely correct. Entered this trade a while back and its been an itch that has to an extent become a rash...
  • #62,950
  • Dec 3, 2013 4:13am Dec 3, 2013 4:13am
Quoting marvas
{quote} completely correct. Entered this trade a while back and its been an itch that has to an extent become a rash...
Nice CT catch on UJ though!
Massive liquidity drive going on across board right about now.
This should fund the moves for the rest of the week.
Moves like these are what give birth to newbie horror stories!
  • #62,951
  • Dec 3, 2013 5:31am Dec 3, 2013 5:31am
Classic stuff.. anyone??

Sonic
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  • #62,952
  • Dec 3, 2013 5:38am Dec 3, 2013 5:38am
Quoting sonicdeejay
Classic stuff.. anyone?? Sonic {image}
Sir, I dont think so, the trend line is still right below the dragon
i think the trend line should cross above the dragon for a short
i stand to be corrected
  • #62,953
  • Dec 3, 2013 5:53am Dec 3, 2013 5:53am
Quoting sonicdeejay
Classic stuff.. anyone?? Sonic {image}
I'll pass.
I have longs opened from 163.9!

I suppose it's possible price could be driven down as far as 167.9 or lastweek/month close to soak up liquidity.
But as far as HIGH PROBABILITY TRADES go, I don't f..k with the HTF Dragons.
  • #62,954
  • Dec 3, 2013 7:23am Dec 3, 2013 7:23am
Quoting traderathome
UCad Long Trade: Entered Classic long. Requirements met: LS, Dragon angled up and above Trend, Trend up, PA above both. Conservative TP. Notable volume Friday as price put in LOD, and bounced strongly. {image}
UCad Long Trade: Closed manually for 13 pips.
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  • #62,955
  • Dec 3, 2013 7:26am Dec 3, 2013 7:26am
Quoting traderathome
AU Short Trade: Entered pre-LS Classic short. RBA high impact release is out now. Dragon with angle and below Trend, also with angle, and PA below both. {image}
AU Short Trade: Stopped out while I slept, for a loss of 50.3 pips.
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  • #62,956
  • Dec 3, 2013 7:29am Dec 3, 2013 7:29am
Quoting traderathome
NU Short Trade: Entered pre-LS Classic as Dragon with down angle crosses Trend, now also with down angle, and with PA below both. {image}
NU Short Trade: Added to trade before getting sleep. Stopped out for 93.1 pips loss.
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  • #62,957
  • Dec 3, 2013 7:35am Dec 3, 2013 7:35am
Quoting sonicdeejay
{quote} 4 hrs later.. 168.8x hit.. Now i will love it if 168.3x Sonic

Attached Image


Another 3 hrs later...


Inserted Video



Told Cha


Sonic
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  • #62,958
  • Edited 9:05am Dec 3, 2013 7:45am | Edited 9:05am
NU Short Trade:

Again, I've entered short. This time as a Scout based on high volume above the half number, at what might be the end of this push up of the price that started a 100 pips lower (PVSRA).
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Edit: Added short Scout #2 as price made it's first decent retrace concluding with notable volume at the highs of the retrace (shown on M1). Set TP. No SL.
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  • #62,959
  • Dec 3, 2013 8:19am Dec 3, 2013 8:19am
Hi Sonicers..

Am new to this thread and i thoughly go through this forum...it is very very fantastic and its very useful....and my view on Eur/Jpy is that it will reach 140 once again...since it supported now by 139...
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  • #62,960
  • Dec 3, 2013 8:22am Dec 3, 2013 8:22am
Quoting traderathome
{quote} blessedtj, This template can be constructed using the last TAH release (Post #1, link to TAH indicators & templates) of these indicators: 1. SonicR Control Panel 2. SonicR FFCal Panel and..... 3. SonicR Line Dragon-Trend (last released 04-04-2012, look for the releasing post that day) 4. Standard MT4 volumes indicator You can experiment with features to show on the chart when using the Control Panel. You can experiment with colors in the last two indicators to suit yourself. A simple non-PVA template will be included in the next TAH release....
Hi Tradeathome
I try making the settings myself, but not getting it. I am not a computer guru and also new to forex software. pls help me upload your template.
Also what to know, you posted some set up outside the london session, which i think you enter. Is it that it is not good as a beginner to enter Sonic set up outside London session because most set up are outside this period,
Also, how do you trade when there is news
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