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Sonic R. System

  • #31,621
  • Mar 6, 2012 12:47am Mar 6, 2012 12:47am
Quoting mavricos
I tried Sonic setups on H1 and H4 last month it works as well
UChf:

Here are some now...
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  • #31,622
  • Mar 6, 2012 12:58am Mar 6, 2012 12:58am
Thanks for doing this TAH, its helping me learn
  • #31,623
  • Mar 6, 2012 1:26am Mar 6, 2012 1:26am
Quoting mavricos
I tried Sonic setups on H1 and H4 last month it works as well
GU:

Even this has some attractiveness, if you don't mind being a bit late for entry as far as M15 goes. As far as H4 goes, PA is only about 10 pips below the Trend Line, which is where I'd consider entry for a 150 pips run down from there to the FR 62% level coinciding with previous lows.

This is not a recommendation to trade the H4, but you can see for yourself the setup. It is also a H&S formation, with a target even lower than the FR 62% by about another 15 pips.
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  • #31,624
  • Mar 6, 2012 1:47am Mar 6, 2012 1:47am
Quoting traderathome
GU:

Lowered SL to BE+ 11.
GU:

Sudden drop. Lowered SL to BE+ 50 pips.
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  • #31,625
  • Mar 6, 2012 1:52am Mar 6, 2012 1:52am
Quoting traderathome
AU:

Lowered SL to BE+ 35, and lowered TP.
AU:

Reached revised TP for 81 pips gain from EP= 1.0671 to TP= 1.0590.
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  • #31,626
  • Mar 6, 2012 1:55am Mar 6, 2012 1:55am
Quoting traderathome
GU:

Entered short (1.5857).
my first post here, close +50pips. this is the second biggest pips on my trading history, the first one is 2 years ago on eurjpy +150 pips, the rest is far less than 50 pips. I have tried many system but it fail for me, hopefully I can make some pips using Sonic System. Thank you TaH and Sonicdeejay
  • #31,627
  • Mar 6, 2012 2:18am Mar 6, 2012 2:18am
Quoting traderathome
GU:

Lowered SL to BE+ 11.
GU:

TP reached, but move looked strong so I did not exit. Manually closed trade lower for 101 pips gain from EP= 1.5857 to close= 1.5756.
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  • #31,628
  • Edited 2:42am Mar 6, 2012 2:22am | Edited 2:42am
Quoting traderathome
EU:

Entered short (EP= 1.3214).
EU:

TP1 reached and trade #1 closed for 63 pips EP= 1.3214 to TP1= 1.3151. Trade #2 is still running with lowered SL = BE+ 50 pips.

Edit: Decided to close trade #2 at 1.3139 for 75 pips gain EP to close (2nd pic.) Got a feeling a pullup is coming....US open probably, because those guys won't like missing out on shorting at the previous highs. They might decide to drive it up so they can. If not, and it continues to drop, well....it has been an adequate trade anyway.
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  • #31,629
  • Mar 6, 2012 2:56am Mar 6, 2012 2:56am
EU:

Could still have 60ish pips to go. "M" formation. Target for it aligns with FR 79% area about 60 pips below current pricing. This could be too good for the US open BBs to pass up w/o slamming price up first to gain better altitude for massive shorting. We'll see what the mob decides. If there is a good US pullup, might be an excellent opportunity to re-enter short.
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  • #31,630
  • Mar 6, 2012 3:00am Mar 6, 2012 3:00am
Quoting traderathome
UChf:

Here are some now...
I saw that one on E/U H1, but i was doing something and missed it.
  • #31,631
  • Mar 6, 2012 3:01am Mar 6, 2012 3:01am
Hi all...

I have been away on a biz trip and I just got back today.

I just wanted to share my trade for today.

Shorted EURUSD

EP: 1.31776 (LL Break)
SL: 1.31990 (Above Leg)
TP: 1.31276 (Just Above DS2)

Would love to hear any comments and suggestion for improvement.

Thanks
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  • #31,632
  • Mar 6, 2012 3:03am Mar 6, 2012 3:03am
Quoting traderathome
EU:

Could still have 60ish pips to go. "M" formation. Target for it aligns with FR 79% area about 60 pips below current pricing. This could be too good for the US open BBs to pass up w/o slamming price up first to gain better altitude for massive shorting. We'll see what the mob decides. If there is a good US pullup, might be an excellent opportunity to re-enter short.
I am still short from double top, i was thinking to close yesterday, but only lowered the stop
  • #31,633
  • Mar 6, 2012 3:06am Mar 6, 2012 3:06am
Quoting traderathome
UChf:

Entered long (EP= 0.9125).
UChf:

Manually closed for 52 pips gain EP= 0.9125 to close= 0.9177. I sense things stalling out......getting closer to US open, and the mob might have other ideas,....such as backtracking the price so they can do what the London thugs have done. Of course, the London gang won't mind if the US boys slam it back, then they'll get to repeat their move along with the mob when they and the mob finish reloading and begin the next drive for profit.
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  • #31,634
  • Mar 6, 2012 3:09am Mar 6, 2012 3:09am
One more question. It still bothering me. When on the news spread goes up, like on the G/U 30 pips spread, spread reached my SL, and price moved down, do you reenter or not ?
  • #31,635
  • Edited 3:55am Mar 6, 2012 3:15am | Edited 3:55am
Quoting mavricos
One more question. It still bothering me. When on the news spread goes up, like on the G/U 30 pips spread, spread reached my SL, and price moved down, do you reenter or not ?
Gezusss! You mean to tell me your broker put up a 30 pip spread on that last GBP high impact release: Halifax HPI m/m?

Is that true?! I seriously doubt any liquidity providing bank sanctioned that spread at the time of that release. If a broker did that on it's own, that sort of spread would have stopped out client's right side trades and triggered into the market client's wrong side pending orders. And all this would have given the broker liquidity to put on it's own right side trades at the expense of it's clients! And that would be a Rip-off!

If this is true, what broker are you referring to? Please enlighten the rest of us, so we don't make the mistake of considering ever doing business with them.
  • #31,636
  • Mar 6, 2012 3:49am Mar 6, 2012 3:49am
Morning All,

Following this thread for a while, put my first trades on this morning.

GBPUSD - SHORT
EURUSD - SHORT
USDCAD - LONG

Made very good pips still in two of the 6 trades i placed

Looking to hit the next daily support, locked 50 pips on each tho.

nearly 300 pips total banked.

Seems pretty easy to follow.

Do you guys get quiet afew trades a day per cross ?
  • #31,637
  • Mar 6, 2012 4:24am Mar 6, 2012 4:24am
Hiya All,

What are other trades win/loss ratio with this system ?
  • #31,638
  • Mar 6, 2012 5:52am Mar 6, 2012 5:52am
Hiya All,

Just looking round, possible short on the EURAUD, need PA to break through dragon tho and close below to take the short trade.
  • #31,639
  • Mar 6, 2012 7:27am Mar 6, 2012 7:27am
AN:

Don't think I ever traded this. But as the market has had excellent runs today, and now might be not so good a time to consider any new trade entries, I was just browsing....

Look at Daily chart. Will it end being a good pin bar?

Look at M15, specifically the volume-price story. The asian session market drove the price up, up and up! And, gee, what do we see at the very highest prices? Yep, the highest trading activity! Now, to me that looks like (dare I say it again)......a pump and dump!

This doesn't mean the price will not go back high again, nor that it will soon begin a serious trek down, but......it sure looks like the last week or so of trading might turn out to be just a pullback in the Daily down trend, and that today might mark the end of any more serious upside.
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  • #31,640
  • Edited 9:29am Mar 6, 2012 7:52am | Edited 9:29am
AN:

Entered short (EP= 1.2998). Both AU and NU are down a bit over 100 pips (similar), but look at the difference on AN between "A" and "N",......a spike up and back down, no difference as you'd expect based on the AU and NU charts. But, then what was that spike up all about here with AN.......? And what about the following spikes upwards in the London and US markets?

The implication is that the "asian market" was the first part of the overall market today anxious to unload the aussie dollar, with the London and US markets following the same course.

Edit: My entry was too early, and you can see that the price continued upwards following it. Now PA looks better for a short entry. TP is way low because this could really drop; the week is just getting started. It is tentative. Posting this setup is not a recommendation to trade it. We are outside of the London session now, so just a "heads up". Make your own decisions.

WARNING: Speculative.
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