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Sonic R. System

  • #61
  • Edited 10:23pm Oct 24, 2008 8:34pm | Edited 10:23pm
Quoting emacro
Highlighted.

http://www.forexfactory.com/attachme...1&d=1224854031
It is created by SHI indicator..when the price touch one of the line...I do not really pay attention to the bubble..


Sonic
  • #62
  • Oct 24, 2008 10:07pm Oct 24, 2008 10:07pm
Quoting Tamzy1
Thanks for this interesting system. Could you please let us know the moving average numbers you are using because we can't get it from your posted charts indicators because it's not dynamic its a saved copy.
Thanks.
Magical 34 EMA (High/LOW and close)


Sonic
  • #63
  • Oct 24, 2008 10:23pm Oct 24, 2008 10:23pm
Quoting sonicdeejay
Up on EUr/JPY.... 148
Hi Sonic,

I'm new to forex and closely following yr system. Need some help here. Can you explain more on why you enter around (estimate) 117.55 - candle is still inside the 34ema and not above the top white line.

I may have messed up understanding your strategy.

Cheers
  • #64
  • Oct 24, 2008 10:30pm Oct 24, 2008 10:30pm
Quoting Forexkaya
Hi Sonic,

I'm new to forex and closely following yr system. Need some help here. Can you explain more on why you enter around (estimate) 117.55 - candle is still inside the 34ema and not above the top white line.

I may have messed up understanding your strategy.

Cheers
Relax..Dude....
Trading can be simple..
Quote
as usual...
White :::: Open positions
Red1::: SL line (depend on ur RR appetite)
Red2::: SL ine (depend on ur RR appetite)



Sonic
(P.S STI is place of chickens...everyday plunge )
Attached Image
  • #65
  • Oct 24, 2008 10:40pm Oct 24, 2008 10:40pm
Hi Sonic,

Your white (buy) line is within the 34ma and not above, as stated in post 1.

"buy look for candle above upper white line ......."
  • #66
  • Oct 24, 2008 10:46pm Oct 24, 2008 10:46pm
Quoting Forexkaya
Hi Sonic,

Your white (buy) line is within the 34ma and not above, as stated in post 1.

\"buy look for candle above upper white line .......\"


Yes..There is a Bull candle pierced the uppper white line..Look at white arrow..not red arrow..
I wait till it closed, and put my buy-stop few pips above the high of the candle....

My entry is taken in the next bull candle...

Bro..steady?
Sonic
Attached Image
  • #67
  • Oct 24, 2008 11:08pm Oct 24, 2008 11:08pm
Thansk bro, got it now. Have a great weekend.
  • #68
  • Oct 25, 2008 1:24am Oct 25, 2008 1:24am
Sounds like a clean simple method, worth spend some time on it.
Have a great weekend all.

Kaya = rich... =)
  • #69
  • Oct 25, 2008 2:06am Oct 25, 2008 2:06am
Quoting fluke
Sounds like a clean simple method, worth spend some time on it.
Have a great weekend all.

Kaya = rich... =)
We have all Singapore Gang...here

I thought Kaya = Cononut??

Sonic
  • #70
  • Oct 25, 2008 3:03am Oct 25, 2008 3:03am
Quoting sonicdeejay
We have all Singapore Gang...here

I thought Kaya = Cononut??

Sonic
It is coconut spread.
  • #71
  • Oct 25, 2008 4:57am Oct 25, 2008 4:57am
hi.. Sonic..
Thanks for sharing your system,
I just read page by page, and i see that your system looks work very well, and not many indicators inside, for me as a newbie sometimes more indicator more difficult to understand

i cant wait till Monday to try on my Demo acct.
to get used to it, before jump into Real one.
  • #72
  • Edited 5:37am Oct 25, 2008 5:06am | Edited 5:37am
Quoting sonicdeejay
Buy
Look for the candle go above upper white line and wait till the candle ends...and put the \"Buy stop\" few pips above the \"High\" of that candle.
MACD sloping up.
Stoch pointing up.
Could you tell me, usually how many pips exacty above "HIGH" of that Candle do you PUT BUY STOP..?
both MACD and STOCH have to pointing UP at the same time ?


Quoting sonicdeejay
4. We do not buy/sell on the break on the line immediately. Wait till that break-thru candle close. and we put buy stop/sell stop few pips above or below it...
do i have to wait for the close candle break-thru white line or I have to wait next candle after the close candle break-thru?


thanks
  • #73
  • Oct 25, 2008 7:32am Oct 25, 2008 7:32am
Quoting Norte
Could you tell me, usually how many pips exacty above \"HIGH\" of that Candle do you PUT BUY STOP..?
both MACD and STOCH have to pointing UP at the same time ?




do i have to wait for the close candle break-thru white line or I have to wait next candle after the close candle break-thru?


thanks
Q1. For me EUR/JPY, I put about min 10 pips, above the close of the candle.. and I like the non-round number such as 4 or 7...

Example... 119.65 is the close value..I will put my Buy Stop @ 119.77


Q2. Wait for the break-thru candle to ends, and place the buy stop for LONG... sell stop for SHORT.


Sonic
  • #74
  • Oct 25, 2008 7:56am Oct 25, 2008 7:56am
Sonic.. here is I attach snap shoot GJ pair, it was chart 17 Oct 2008.
please give direction, where you put your BUY / SELL stop order, TP and SL.
that only example for me.., wheter your BUY/SELL same with what I am thinking of for that Chart.

Thanks Sonic
Attached Image (click to enlarge)
Click to Enlarge Name: example chart 17 oct.gif Size: 22 KB
  • #75
  • Edited 8:36am Oct 25, 2008 8:23am | Edited 8:36am
Quoting Norte
Sonic.. here is I attach snap shoot GJ pair, it was chart 17 Oct 2008.
please give direction, where you put your BUY / SELL stop order, TP and SL.
that only example for me.., wheter your BUY/SELL same with what I am thinking of for that Chart.

Thanks Sonic
GBP pairs, been down and I have Down bias in mind...
Pay attention on L,H,LL,LH

Quote
White :::: Open positions
Red1:: SL line
red 2:: SL line near 176.25 (I will choose this one,as I am DT bias)
When u see L(2) and LL(4) has no much difference,that tells me the selling power has reduced.. I will try to take my profit from the SHORT.....
and as white lines suggests....the angle is horizontal...whipsaw coming..(Blue Horizontal Line)....

Sonic

P>S I do not see the fibo pivot indicator attached??
Attached Image (click to enlarge)
Click to Enlarge Name: example chart 17 oct.gif Size: 23 KB
  • #76
  • Oct 25, 2008 8:40am Oct 25, 2008 8:40am
Quoting sonicdeejay
GBP pairs, been down and I have Down bias in mind...
Pay attention on L,H,LL,LH



When u see L(2) and LL(4) has no much difference, I will try to take my profit...
and as white lines suggests....the angle is horizontal...whipsaw coming..

Sonic
Thanks Sonic..

Your open position (sell stop) same with what i am thinking of, but in this case I still put one more open posistion, BUY in area Horizontal white line (around time 14.00 - 14.40). I think that was a mistake.
Now i know that is dangerous Open Trade while White Line angle Horizontal, thanks for your information.


have a great weekend
see you on monday..
  • #77
  • Edited 9:11am Oct 25, 2008 8:54am | Edited 9:11am
Quoting Norte
Thanks Sonic..

Your open position (sell stop) same with what i am thinking of, but in this case I still put one more open posistion, BUY in area Horizontal white line (around time 14.00 - 14.40). I think that was a mistake.
Now i know that is dangerous Open Trade while White Line angle Horizontal, thanks for your information.


have a great weekend
see you on monday..
Nice one buddy...
Finally, someone really asking serious/nice question...

With such a downtrend bias,,and the EMA line gong flat. I may think twice before any LONG...

If I take Long (as shown in white line) with SL 1, I will put my trail stop tight as I know I am doing counter trend...So, my TP may close in TP1....

or I will put my SL 2, with wider trail...(for gambling mode) I may close with more profit at TP2...


Sonic
Attached Image (click to enlarge)
Click to Enlarge Name: gj.PNG Size: 43 KB
  • #78
  • Oct 26, 2008 3:34am Oct 26, 2008 3:34am
if I have to take that position, I would rather choose TP1, 20-30pips enough for me , and I still have another million chance for another pips.
I agree with you, if choose TP2 that mean Gambling Mode.. and I have to take deep breath and my heart beating so fast.. lol..

Quoting sonicdeejay
Trading Time
1AM - 4 AM EST (UK session)
7AM - 11 AM EST (US session)
is that Singapore time..?

thx buddy
  • #79
  • Oct 26, 2008 4:08am Oct 26, 2008 4:08am
Quoting Norte
if I have to take that position, I would rather choose TP1, 20-30pips enough for me , and I still have another million chance for another pips.
I agree with you, if choose TP2 that mean Gambling Mode.. and I have to take deep breath and my heart beating so fast.. lol..

Trading Time
1AM - 4 AM EST (UK session)
7AM - 11 AM EST (US session)


is that Singapore time..?

thx buddy
In Singapore Time

1PM - 4 PM
7PM - 11 PM

How convenience ...

Sonic
  • #80
  • Oct 26, 2008 7:52am Oct 26, 2008 7:52am
Quoting sonicdeejay
Yes..There is a Bull candle pierced the uppper white line..Look at white arrow..not red arrow..
I wait till it closed, and put my buy-stop few pips above the high of the candle....

My entry is taken in the next bull candle...

Bro..steady?
Sonic
http://www.forexfactory.com/attachme...1&d=1224906574
EUR/JPY 119.73 119.79 now... Entry was 117.55

http://www.forex-markets.com/quotes.htm

(Live quote during weekend)

Sonic

P.S patience guys...do not jump on the opening...
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