Dragon the best Indicator
- #77,886
- Dec 3, 2014 4:45pm Dec 3, 2014 4:45pm
- Joined Mar 2008 | Status: PVSRA with Traderathome | 23,552 Posts
To all new traders trying this system: 1. Pls study #1 Post before you do anything !!! 2. Trade demo before starting live 3. Trade classic setup only, dont try scout until u understand The last point just happens to a friend of mine. He follows my sonic scout trades ( it is AU / AJ and EU all in long direction ) and just bring his account to margin call. Wasnt a big account, sth. like 1k euro account but this is not the point. ( I am still in with AU/AJ/EU and got sth. like -3000 pips but compared to my account its still not more than 1 %. ) Scout...
Whether new, old or in between, the linked post above is a "must read' post! And I thank forexTN14 for showing his concern for all of the SonicR Team to take the time to post it.
-tah
- #77,887
- Edited 5:31pm Dec 3, 2014 5:05pm | Edited 5:31pm
- Joined Mar 2008 | Status: PVSRA with Traderathome | 23,552 Posts
{quote} Early Christmas Present (NZDUSD Continued) Sonicers, The very bullish price/volume activity continues to repeat itself, appearing two more times just today! Not only that, but don't you think the degree of activity overall is quite notable considering this is the first day of the week? And now price is at the upper trend line. RWH marks the middle of the minimum target area for this, but PA could return to the 0.8250 area because on the Week chart we can clearly see the ranging areas and a Diamond Pattern indicating the possibility of a...
M5 classic setup. This is a pre-LS classic setup, but there is nice activity in just the first few hours of the AS with price twice being taken back below the half number and up again (PVSRA = bulls). No TP/SL at this time. Per series of posts on this (updated Week chart below), the price could go quite a ways upwards over some time. Possibly 500 pips, and maybe even more.
Edit: Shortly after initial entry, the AS MMs whacked it back below the half number. This is the third time in just the first several hours of the AS. This is most unusual PA for the AS, and to me it is saying the AS MMs are extreme bulls, taking every opportunity - including stop hunting longs - to accumulate long orders. And I have added to the trade even though this move down has rendered the Dragon and Trend negatively angled.
- #77,890
- Dec 3, 2014 7:31pm Dec 3, 2014 7:31pm
- Joined Mar 2008 | Status: PVSRA with Traderathome | 23,552 Posts
- #77,891
- Edited Dec 4, 2014 2:43am Dec 3, 2014 11:13pm | Edited Dec 4, 2014 2:43am
- | Joined Jul 2014 | Status: Sonic. R Supporter | 42 Posts
{quote} joinforsonic and mg_vinodkuma, It is an outdated template using the Line Dragon, and the candle is a Day candle. Please keep this off the thread. All charts posted should be of the current format. And, I will take this opportunity to remind mg_vinodkuma of that, since he does not have his FF PM settings defaulted to allow PMs to be sent to him. The coming release of upgraded indicators and templates will provide for both the Line Dragon and the Solid Dragon. Just be patient. -tah
By the way, my entry for GBP USD.
Comment welcomes. Thanks.
This trade was exited at a loss of 11pips with upcoming GBP news coming
- #77,892
- Edited 1:04am Dec 4, 2014 12:52am | Edited 1:04am
- Joined Mar 2008 | Status: PVSRA with Traderathome | 23,552 Posts
{quote} To prevent from misunderstanding when people talking about the volume bar, the indicator has been set to not changing the color. But it is a good reason for you to modify it - I had the same problem. Since the indicator file is open coded, you may open the mq4 file in your meta editor and find the value of the color code and change it to whatever color you feel comfortable. Try it and good luck.
TQVM 
- #77,898
- Dec 4, 2014 6:21am Dec 4, 2014 6:21am
Scout rules V.1. :
1. trade "very very light" compared to your account, scout can be very very dangerous if you trade it wrong.
2. dont double up your size if you add to a scout
3. If it keeps going against you, just add in very important S&R level
4. If you get a classic setup then add to your position and get out with partial close
Here is an example of rules 3 & 4 what I ve thought.
3. Add @ important S&R Level like ( Daily / H4 resistance or whole/half number )
4. Add to a classic setup & closing partially
As Result: those partial close help you to minimize your loss & and in case you are right with the direction, then jackpot ^^
Partial close + 360 pips
Note: scout is much more dangerous than classic setup, in my view new trader trying/learning this system shouldnt trade it.
1. trade "very very light" compared to your account, scout can be very very dangerous if you trade it wrong.
2. dont double up your size if you add to a scout
3. If it keeps going against you, just add in very important S&R level
4. If you get a classic setup then add to your position and get out with partial close
Here is an example of rules 3 & 4 what I ve thought.
3. Add @ important S&R Level like ( Daily / H4 resistance or whole/half number )
4. Add to a classic setup & closing partially
As Result: those partial close help you to minimize your loss & and in case you are right with the direction, then jackpot ^^
Partial close + 360 pips
Note: scout is much more dangerous than classic setup, in my view new trader trying/learning this system shouldnt trade it.
- #77,899
- Edited 7:42am Dec 4, 2014 7:32am | Edited 7:42am
- Joined Mar 2008 | Status: PVSRA with Traderathome | 23,552 Posts
{quote} Early Christmas Present (NZDUSD Continued) Sonicers, The very bullish price/volume activity continues to repeat itself, appearing two more times just today! Not only that, but don't you think the degree of activity overall is quite notable considering this is the first day of the week? And now price is at the upper trend line. RWH marks the middle of the minimum target area for this, but PA could return to the 0.8250 area because on the Week chart we can clearly see the ranging areas and a Diamond Pattern indicating the possibility of a...
Sonicers,
Looks like this might be getting underway for places up north. The USA Robber Bank MMs whacked it back below the half number during their consolidation (building) activity, which was nothing short of intensive!
-tah
- #77,900
- Dec 4, 2014 7:39am Dec 4, 2014 7:39am
{quote} Early Christmas Present (NZDUSD Continued) : Sonicers, Looks like this might be getting underway for places up north. The USA Robber Bank MMs whacked it back below the half number during their massive consolidation (building) activity!