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Sonic R. System

  • #76,781
  • Oct 14, 2014 9:16am Oct 14, 2014 9:16am
Am still with NU. proper stops are in place..

Not gonna add..

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Sonic
  • #76,782
  • Edited 9:59am Oct 14, 2014 9:44am | Edited 9:59am
AUDUSD Short Trade Open:

M15 classic entry. This entry is based on the bearish PA wave formed, plus the fact that a lot of time is being spent in a popular range - consolidation (position building) - even more now after the US MMs hiked the price above the half number (PVSRA = probable bears). No TP/SL at this time.
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  • #76,783
  • Oct 14, 2014 9:48am Oct 14, 2014 9:48am
Quoting AdrianC
Boring day for me... No preferred forex set-up appears until this came into picture. EURAUD - Classic Short opened. {image} *Reduce my trading size for this. Got some bad feelings finger crossed. -AdrianC.
Trade closed with loss. (Wrongly press sell instead of buy...)
Loss is also in the business, take it easy
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-AdrianC.
  • #76,784
  • Oct 14, 2014 12:12pm Oct 14, 2014 12:12pm
Hi guys, My FFCAL is showing news Headlines that are 14 hours aways from my time. How do i configure to show the correct time release? I am on GMT +800

http://gyazo.com/40448badf222cadcf59347dafdd14b74

It says that Draghi have already speak since 1 hrs 9 mins ago but he is only scheduled to do so tomorrow 14 hours later. Please advise.

Thank you!
  • #76,785
  • Oct 14, 2014 4:15pm Oct 14, 2014 4:15pm
As i am new for this thread i want to ask one question. The shared trades are generally in 15m and sometimes 1h. I have a full time job and i work between london open and two more hours after usa open. This is a wonderful approach for trading but i dont have any idea that can anybody try this for 4h or 1d charts. Because i cant follow charts during the work time in london session. Any advise will be much apprecciated.

Thanks
  • #76,786
  • Oct 14, 2014 5:23pm Oct 14, 2014 5:23pm
Quoting MoneyTalks58
As i am new for this thread i want to ask one question. The shared trades are generally in 15m and sometimes 1h. I have a full time job and i work between london open and two more hours after usa open. This is a wonderful approach for trading but i dont have any idea that can anybody try this for 4h or 1d charts. Because i cant follow charts during the work time in london session. Any advise will be much apprecciated. Thanks
I understand your problem. I modified the rules to define valid entry using sonic as follow: (my sample on GBPJPY). as much as possible i enter during LS, with dragon heading down/up, and price below/above trend line (but dragon not yet intersect), better if i have red/green confirmation 2-3 bars before the entry.
I believe you can make time during your working hours to take a peek, and open trade during LS.
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Don't blame the tools. Blame the carpenter.
  • #76,787
  • Oct 14, 2014 8:13pm Oct 14, 2014 8:13pm
Quoting allstate
Hi guys, My FFCAL is showing news Headlines that are 14 hours aways from my time. How do i configure to show the correct time release? I am on GMT +800 http://gyazo.com/40448badf222cadcf59347dafdd14b74 It says that Draghi have already speak since 1 hrs 9 mins ago but he is only scheduled to do so tomorrow 14 hours later. Please advise. Thank you!
allstate,

Your Profile says you are trading from the UK. Yet you say you are at GMT +8....?

Anyway, there should be no reason to change anything in the external inputs of the most recently released indicator (Post #1). If there are sometimes discrepancies, it usually means that the .xml file at Forex Factory, which supplies the data for the indicator, has somehow been constructed incorrectly. When this infrequently happens FF sometimes corrects it during the day. When you have questions like this, you need to post a chart here on FF so we can see it all and then work from there, if possible. Nobody else has reported this problem.

-tah
  • #76,788
  • Oct 14, 2014 8:28pm Oct 14, 2014 8:28pm
Quoting traderathome
EURJPY Short Trade Open: M15 entry is based on pure PA bearish wave......PA broke down thru half number support, went back up (test), and looks to now be dropping away from it. Price has already dropped 150+ pips from HOD (High of Day), but the US MMs have not participated in that drop. Therefore, I am wondering if they plan on continuing the drop for their own sake, maybe even after the close of the LS? {image}
EURJPY Short Trade Closed:

Closed for gain of 23.6 pips average, 471.0 pips total.

I added to this trade when the MMs worked the price up to the previous support area. The Asian session is not noted for a wide range and the range established is already about 50 pips, so I decided to close the trade.
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  • #76,789
  • Oct 14, 2014 8:33pm Oct 14, 2014 8:33pm
Quoting traderathome
AUDUSD Short Trade Open: M15 classic entry. This entry is based on the bearish PA wave formed, plus the fact that a lot of time is being spent in a popular range - consolidation (position building) - even more now after the US MMs hiked the price above the half number (PVSRA = probable bears). No TP/SL at this time. {image}
AUDUSD Short Trade Closed:

Closed for gain of 47.5 pips average, 475.0 pips total.

As with the EJ trade posted above, I closed this trade because the Asian session range is probably flushed out now.
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  • #76,790
  • Oct 14, 2014 8:37pm Oct 14, 2014 8:37pm
EURUSD Short Trade Open/Closed:

Closed for gain of 36.7 pips average, 73.5 pips total.
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  • #76,791
  • Oct 14, 2014 8:56pm Oct 14, 2014 8:56pm
Quoting traderathome
USDJPY: Sonicers, the US MMs have just whacked this back below a whole number, on and followed by very high activity, so this has a bullish appearance. We might get a nice Sonic R. System Classic long setup from this. It is worth keeping an eye on, because if the MMs are loading up with longs, a good bull swing might get underway, off from this "Double Bottom". Just keep in mind that we cannot know how these thieves will move the price. FYI, I am in a long trade on this one since last week, building as the price dropped (unfortunately).{image} Edit:...
USDJPY:

Sonicers, this has made a "first leg up" off a good base. Now the Asian session MMs are working the price back down for better accumulation of even more long orders, imho. This seems a good one to continue to watch for Classic long setups. Right now, with the price having been taken down close to the lower whole number, there is a good chance that sooner or later today the MMs might get the price all the way down to it. Patience.
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  • #76,792
  • Oct 14, 2014 9:15pm Oct 14, 2014 9:15pm
traderathome

Appreciate all of your insight especially on volume. Need your help. I am color blind and have a tough time between blue and purple. Tried to change colors of volume bars but when I went to change colors it would not stay. How do I change the colors and make them stay?

Thanks
Keeper81
  • #76,793
  • Oct 14, 2014 9:18pm Oct 14, 2014 9:18pm
USDCAD Short Trade Open:

Scout entry, based on Asian session MMs driving the price up hard with the highest activity coming at the highest prices at the apparent end of this drive, which has taken price above the RWH mark and to DR1. Both are good levels for a price reversal. However, we cannot know how the thieving MMs will move price next. They probably will support the price up here while closing their longs and rebuilding short, but that is just my opinion. In any case, the trade is small. If I see support for this trade, I might start to add more to it.

There isn't much in the way of CAD releases this week: one Thursday, and one Friday. However, next week there are six CAD high impact releases: one on Monday and five on Wednesday. Who knows if the price will start dropping before then, or if it will even go higher before then. All I can see at the moment is that the MMs seem to be aggressively pumping the price.
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  • #76,794
  • Oct 14, 2014 9:22pm Oct 14, 2014 9:22pm
Quoting traderathome
I seem to never get away from such trades. It comes from not using a SL. That is my weakness.
TAH, great to see you and Sonic still at it. But Sonic must really do something about you and your aversion to stop losses. Stop losses will make you rich.

Good trading to all!
  • #76,795
  • Oct 14, 2014 9:23pm Oct 14, 2014 9:23pm
Quoting keeper81
traderathome Appreciate all of your insight especially on volume. Need your help. I am color blind and have a tough time between blue and purple. Tried to change colors of volume bars but when I went to change colors it would not stay. How do I change the colors and make them stay? Thanks Keeper81
keeper81,

We have another in the same situation. He altered the colors in the compile of the indicator and then clicked "Recompile" to lock in the changes he made.

The upgrade indicator being prepared for the upcoming new release of all indicators provides external inputs to facilitate changing the four color scheme, as well as an option to just use two colors of choice instead of four. Until the next release, I suggest that you change the colors to suit you in the indicator compile as this other person has done.

-tah
  • #76,796
  • Oct 14, 2014 9:26pm Oct 14, 2014 9:26pm
Quoting ddaytrader
{quote} TAH, great to see you and Sonic still at it. But Sonic must really do something about you and your aversion to stop losses. Stop losses will make you rich. Good trading to all!
ddaytrader,

It is good to hear from you! And appropriate advice, as always. Thanks. I pray all is well with you and your family. Don't be such a stranger here!

-tah
  • #76,797
  • Oct 14, 2014 9:27pm Oct 14, 2014 9:27pm
Sonic, Congratulations on SIX GREAT YEARS of teaching and helping others!

-DD
  • #76,798
  • Oct 14, 2014 9:32pm Oct 14, 2014 9:32pm
Quoting traderathome
{quote} ddaytrader, It is good to hear from you! And appropriate advice, as always. Thanks. I pray all is well with you and your family. Don't be such a stranger here! -tah
I really should stop in more often. I'm still trading, but mostly US stock index futures and rarely forex. But still using the basics I learned cutting my teeth right here!

I hope all is well with you and yours as well, TAH.
  • #76,799
  • Oct 14, 2014 9:41pm Oct 14, 2014 9:41pm
AUDUSD Short Trade Open:

M15 Classic (re-entry). Shortly after I closed my last short trade, the Asian session MMs quickly whipped the price back up. But PA continues with lower highs and the trend remains down on M15 as well as higher time frames. So, I decided to re-enter short. However, as the day progresses, other MMs might support the price above the whole number to some extent if they are continuing to accumulate short orders, which they are imho. This move back above a whole number is a PVSRA indication the MMs continue to be bears, but there is no telling how they will move the price today. They might or might not engage in some price pumping to coax longs into putting their money into the market and to Stop Hunt shorts, which makes setting a SL problematic. No TP/SL at this time.
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  • #76,800
  • Oct 15, 2014 1:52am Oct 15, 2014 1:52am
Opened classic long GBP/USD
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