Sonic R. System

cfp85 -

I put the wave on my chart as normal. I added a
5 EMA Shift 3 which I often use on other systems.

I found it works good with this Sonic system for earlier entries and more pip's.

Just my 2 cents. Big E

do you have any trade examples with the 5 EMA ? interested to see.

Yesterday I was bl00dy ranging tight, I did trade accordingly..
(I do not know why I kept looking for Long..I have to keep remind myself. In trading, I think the biggest enermy is within itself ..)


CFP: I read your blog too...

Sonic

Good Morning

This is something that I want to add for the long time....

In the Sonic R, I mentioned/emphasised about EMA bands,wave analysis,S&R,Trend Line(e.g SHI channel),FIBS and I am very glad that we are having more and more profitable trades....For emotional control part, you will have to work on your self and I am doing mine too.
I am ok with you guys changing/adding diff indi for your trading style as long as the core idea of the system is still carried out...I really hope u guys will share your set ups/ideas/templates etc. So that the rest of us can learn from you too...

This is the main reason I shared my system. We can learn and grow by helping each other....Remember: Sharing is Caring...

And there is something I still yet to touch/cover on... Price Action...this is also a very important factor when it come to trading...

Candlestick examples HERE

I find hammer/hanging man (aka PinBar), bullish/bearish gulfing pattern are the very reliable pattern of the trade entry....The higher the TF, the more importance the Price Action becomes.
These will also help you in your precise timing lesser Risk, and the entry rules is still the same "Wait until the candle finish"

Yes, I am dedicated to become a better trader myself and help you become one too.



Sonic

Thanks again sonic for sharing so much...
Will any of you guys tell me if that entry is right accordind to the rules...??
Thanks in advance...

Now it is not the recommend trading time yet,,,

and QQE isn't bullish...yet..

Look like a profitable trade in a making...but abit too early..

Trail ur TP close...
DO NOT move down ur SL....

Sonic

Dear Lenador,

U can save ur MT4 graph as following steps,

Just right click on t chart>save picture as > choose active chart... e.g 800x600...

and upload your saved pic...

this is eaiser for us to see and learn from you...

Thx
Sonic

Ur eyes mus be now...R1 or M4 is a nice place to lock..nw they r trying to brek 1.542x wall....Sleek 80 pips for ya...?

BTW::it is considered CT,,i hope u get what i mean...

Sonic

haha .. now i really need to see other pair as well ...

I suggest u to see EUR/USD....Less reward but less risk,,compare to GBP or JPY pairs....
We are in t stage of downtrend or ranging of EUR or GBP....think twice before going Long...


Sonic

Sonic, thanks for your explanations...
I knew about the time...but I was sleepless and could not resist... wont do it again...
One Q: You said that the QQE was not bullish yet...I have marked it on the pic and I though that was bullish...am I missing something??
Also... when u said, its considered a CT...what is a CT??
I didnt close the at the R1 at first, it went right back and panic got me...decided to leave it and go for a coffe...good result...i came back and was near R1 again...closed at +45 pips... small lots thought but the pips is what means at the moment...

http://www.forexfactory.com/attachme...1&d=1227750226

At that time, I do not see QQE bullish yet ( Blu line above white dotted line)
CT:: means counter trend....So, Short is more favourable...

Very glad to hear u close ur postion in +pips!! Very ranging period we are in...

Sonic

"Counter trend"?? thats a new term for me...will have to do some research...
I know you said be carefull to go long on EUR...but would this be a good set up??

To Lenador : Counter trend means u are trading opposite of the bigger tf trend ... so dont expect big move and make trail closely because the chances of reversal is high ..

To Sonic : Yeah .. might monitor EU next week ...

To cfp85: Nice one....keep it going mate...and thanks for the explanation...
You are doing really well on 1M TF...well done...

Nice nift trade for today..a near +60 pips trade...

(Big boys are bad guys...they whipped the price down to pivot level and load long again)...

It is important to have SL, which is a must but u can't put to tight too...if u put too tight...the chance of getting ur SL is very high...

Sonic

thin vol guys...
careful....

climb lik a tortoise,drop lik a poo

Sonic

yeah .. im comfortable using M1 with this method .. .. just got back from pet shop .. just missed a nice downtrend .. the trend is still going strong but .. remember .. dont chase trades .. let the trade come to you ..

How do you determine its thin volume? It is because its a holiday in the US? I know you cannot use that volume indicator since the volume is just reflective of the broker you are trading with.

For the QQE, do you wait for the blue line to cross the white and do you also wait for the crossing of the 50 line at the same time?

I am holding....
Hey cfp what does it mean in your las pic "the first candle clear from the EMA bands"??? What information does that give you??