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Sonic R. System

  • #76,861
  • Oct 16, 2014 7:13am Oct 16, 2014 7:13am
Quoting Nestledrink
{quote} I noticed this too but this is when the classic entry qualifying comes into play. So you established that in a higher timeframe, the volume is supporting a move back up but price is still below dragon. What do you do? Well, you can technically enter with scout entry but I don't recommend this. Even if you do, I would do a very small lot (by this I mean like 1/3 or even 1/4 of your planned position) just to test the water and add as price moves higher in your direction. A safer approach would be to switch to 15 minutes timeframe and wait...
I will do that patience patience patience . Thanks so much .
People wont learn to post analysis in forums not "I think its down/up!"
  • #76,862
  • Oct 16, 2014 8:34am Oct 16, 2014 8:34am
Great field day today! I notice that some trade with M1. I received alerts from different Timeframe(M15, M30,H1). Which is the more accurate one to use for this system?
  • #76,863
  • Oct 16, 2014 8:54am Oct 16, 2014 8:54am
Quoting allstate
Great field day today! I notice that some trade with M1. I received alerts from different Timeframe(M15, M30,H1). Which is the more accurate one to use for this system?
Your question is interesting and according to my memory it was mentioned in the "homework".
I also remember back in time I read a thing like vague questions - vague answers and even though it pretty much depends on what exactly you are doing and how you are doing it. For example 1. classic entries 2. scout entries 3. entries through M1 usually called scalp (fast and accurate) there are also news trading and more according to the trader`s trading style.

But the answer you are most probably looking for is M15 for classic entries (if you are asking for other thing I suggest a little bit of accuracy in the question).
Everything happens for a reason...
  • #76,864
  • Oct 16, 2014 9:06am Oct 16, 2014 9:06am
Quoting traderathome
GBPJPY Short Trade Open: M15 Classic. {image}
GBPJPY Short Trade Closed:

Closed for gain of 100 pips average/total.
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  • #76,865
  • Oct 16, 2014 9:18am Oct 16, 2014 9:18am
EU short 123,let see
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Dragon the best Indicator
  • #76,866
  • Oct 16, 2014 9:30am Oct 16, 2014 9:30am
Quoting traderathome
{quote} GBPJPY Short Trade Closed: Closed for gain of 100 pips average/total. {image}

Yap.. I see rebound possible
  • #76,867
  • Oct 16, 2014 9:38am Oct 16, 2014 9:38am
GU long
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Dragon the best Indicator
  • #76,868
  • Oct 16, 2014 9:40am Oct 16, 2014 9:40am
AU long. TP executed!
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Everything is possible!!! Step by Step...
  • #76,869
  • Oct 16, 2014 9:53am Oct 16, 2014 9:53am
AU long
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Dragon the best Indicator
  • #76,870
  • Oct 16, 2014 9:55am Oct 16, 2014 9:55am
AUDUSD:

Sonicers, look carefully. You will see that the price is being pumped up. The higher activity levels did not start at the lows, but are during the pump - to continue the momentum upwards. This seems bearish to me. I am not saying to Scout trade this. No! I am saying to be patient and wait to see if high activity concludes the pump. If so, then look for a Classic short setup,....maybe in the Asian session on Friday, the last day this week. It is possible.
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  • #76,871
  • Oct 16, 2014 10:01am Oct 16, 2014 10:01am
Market Comment:

Sonicers, as you well can see, the market has become very choppy of late. It is how the MMs increase their ability to make profits stealing from others. It makes trading our setup more difficult. The answers are: 1) be sure setups are shorts near tops of ranges and longs near bottom of ranges, 2) drop to setups on lower TF (M5) and be more conservative with targets, and 3) be very picky or don't trade. Be very careful about resorting to Scout entries that are nothing more than top/bottom picking. The MMs know what they are doing.

-tah
  • #76,872
  • Oct 16, 2014 10:14am Oct 16, 2014 10:14am
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Dragon the best Indicator
  • #76,873
  • Oct 16, 2014 10:32am Oct 16, 2014 10:32am
EURCAD Short Trade Open:

M15 Classic. Yep, late in the LS, but nice bear PA waves, Dragon is angled down and so is Trend, and PA is now below both. In addition, what makes this seem good is the extensive ranging of the price in the half number area first achieved yesterday and a lot more of it today.
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  • #76,874
  • Oct 16, 2014 11:27am Oct 16, 2014 11:27am
USDJPY:

This is looking good for a Classic long.

This has been ranging along a whole number. There has been good position building well below the whole number. We now have a setup on the whole number. However, the LS is over, so I am not recommending any immediate trade. It is worth keeping an eye on though, because it could break out anytime since the week is running out of time.

I have a long trade running on this since last week, and it is deep, deep red on me, so maybe I am seeing something out of wishful thinking.
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  • #76,875
  • Oct 16, 2014 12:05pm Oct 16, 2014 12:05pm
Quoting traderathome
EURCAD Short Trade Open: M15 Classic. Yep, late in the LS, but nice bear PA waves, Dragon is angled down and so is Trend, and PA is now below both. In addition, what makes this seem good is the extensive ranging of the price in the half number area first achieved yesterday and a lot more of it today. {image}
EURCAD Short Trade Closed:

Closed for gain of 14.1 pips average, 42.3 pips total. After hours can be such a bitch, and the Asian session MMs might simply run the price right back up to load up more shorts themselves. Take the money and run.
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  • #76,876
  • Edited 8:59pm Oct 16, 2014 8:46pm | Edited 8:59pm
GBPUSD Long Trade Open:

M15 Classic, pre-LS. This is based on bullish PA waves, Dragon & Trend angled up, Dragon above Trend and PA above both, and.......

......and a suspicion that the price will be whacked in conjunction with the coming lineup of USD high impact releases, and that before it happens the thieving MMs are going to continue to push up the price to get shorting liquidity by attracting long orders into the market and maybe continuing to hit pending stop orders on some existing short positions of others.

Now, if I am wrong, and price just continues up without receiving a climatic whack job later, I won't be hurt by this long trade. On the other hand, if price should suddenly plummet before being pumped higher, to my conservative target, the entry is conservative in size and the SL is close.
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  • #76,877
  • Oct 17, 2014 12:16am Oct 17, 2014 12:16am
Quoting traderathome
AUDUSD: Sonicers, look carefully. You will see that the price is being pumped up. The higher activity levels did not start at the lows, but are during the pump - to continue the momentum upwards. This seems bearish to me. I am not saying to Scout trade this. No! I am saying to be patient and wait to see if high activity concludes the pump. If so, then look for a Classic short setup,....maybe in the Asian session on Friday, the last day this week. It is possible. {image}
We got 1 pre-Lo classic short. But as always safety first
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-AdrianC.
  • #76,878
  • Edited 12:49am Oct 17, 2014 12:38am | Edited 12:49am
Possible Classic set-up. As always for wait Lo, Price wave and Dragon's angle, don't rush into trades~

AUDUSD - Possible Classic Short
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EURAUD - Possible Classic Long
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EURGBP - Possible Classic Long / ranging
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EURJPY - Possible Classic Short
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GBPJPY - Possible Classic Short
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USDJPY - Possible Classic Short
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USOil - Possible Classic Short
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-AdrianC.
  • #76,879
  • Oct 17, 2014 2:07am Oct 17, 2014 2:07am
Quoting traderathome
GBPUSD Long Trade Open: M15 Classic, pre-LS. This is based on bullish PA waves, Dragon & Trend angled up, Dragon above Trend and PA above both, and....... ......and a suspicion that the price will be whacked in conjunction with the coming lineup of USD high impact releases, and that before it happens the thieving MMs are going to continue to push up the price to get shorting liquidity by attracting long orders into the market and maybe continuing to hit pending stop orders on some existing short positions of others. Now, if I am wrong, and price...
Did this order hit to sl?
  • #76,880
  • Oct 17, 2014 5:34am Oct 17, 2014 5:34am
GBPUSD

Now, looks like is going up. Classic Set-up?
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