Sonic R. System | Page 28 | Forex Factory

Options

Go to
Permalinks
Print Thread

Similar Threads

Sonic R.evolution 95 replies

The System Behind the System, by Merlin Jeffries 16 replies

Old School Sonic System + Other Things 11 replies

Knife system, Vegas 4h system related questions. 4 replies

Would you trade this system? New system #2. 10 replies

Attachments: Sonic R. System
Exit Attachments

Sonic R. System

  • #541
  • Dec 8, 2008 6:18am Dec 8, 2008 6:18am
Quoting sonicdeejay
I am the one who started all...and I do have some re-entry technique too...
But I am a lil reluctant to share about it as it need Precise timing with higher risk...

It can be mental draining...and I still do hav prob with it time to time...

Since u r asking, here are the suggestive trades....

1. Price Action is a key-in re-entry. Wait for the bear candle with high degree of accuracy (Such as Bearish Engulfing or PB)

2. Wait till that candle ends, put SELL Stop few pips it closes price with SL on the few pips above that candle's High or above...
Sonic,

You have done an excellent job and God bless you. What I like most about you is that you are teaching the people to be patient by waiting for the bands setup and training a new generation of fx traders on the importance of having patience. You are too good.

Please don't teach any other techniques which people crave for and want to make quick buck without really waiting.

PLEASE DON'T GIVE ANY METHOD OR TECHNIQUE WHICH DOESN'T FORCE PEOPLE TO WAIT FOR PROPER SETUP (NEVER MIND LET IT BE A RIGID ONE) TO DEVELOP SO THAT THE NEW TRADERS REALLY PUT IN EFFORT AND AS WELL LEARN TO BE PATIENT AND EMOTIONALLY STRONG.
  • #542
  • Dec 8, 2008 7:17am Dec 8, 2008 7:17am
quick 8minute scalp ...my suggies need some new toys to play ..
Attached Image (click to enlarge)
Click to Enlarge Name: sell3.gif Size: 23 KB


Quoting sonicdeejay
thinking of starting own forum??
im making a forum for a official modification car club me and a few friends wanted to make ..
  • #543
  • Dec 8, 2008 1:05pm Dec 8, 2008 1:05pm
KiKiq,

Those other lines were shadow lines and drove me crazy. Finally figured out how to get rid of them. They weren't being used for anything. Big E
  • #544
  • Dec 8, 2008 2:21pm Dec 8, 2008 2:21pm
Quoting pj9100
Sonic,

You have done an excellent job and God bless you. What I like most about you is that you are teaching the people to be patient by waiting for the bands setup and training a new generation of fx traders on the importance of having patience. You are too good.

Please don't teach any other techniques which people crave for and want to make quick buck without really waiting.

PLEASE DON'T GIVE ANY METHOD OR TECHNIQUE WHICH DOESN'T FORCE PEOPLE TO WAIT FOR PROPER SETUP (NEVER MIND LET IT BE A RIGID ONE) TO DEVELOP SO THAT THE NEW TRADERS REALLY...
point noted...
thx for ur kind advice...


Sonic
  • #545
  • Edited 6:20pm Dec 8, 2008 3:28pm | Edited 6:20pm
Quoting cfp85

im making a forum for a official modification car club me and a few friends wanted to make ..
Cool... Dude...I guess somebody is getting loaded..
Ur from KL rite??

Sonic
  • #546
  • Edited 11:26pm Dec 8, 2008 9:40pm | Edited 11:26pm
up for +50 pips now...
Monitoring close...SL @ BE...TP 118.4x lvl...

Gona Lock target, if necessary...

http://upload.wikimedia.org/wikipedi...ring_AA-10.JPG

Sonic
Attached Image (click to enlarge)
Click to Enlarge Name: shi.gif Size: 26 KB
  • #547
  • Dec 8, 2008 10:08pm Dec 8, 2008 10:08pm
Lost heavily yesterday night.

Thought the price will 'really' break the resistance level and rise again, and went into LONG.
Attached Image (click to enlarge)
Click to Enlarge Name: picture.gif Size: 20 KB
  • #548
  • Dec 8, 2008 10:18pm Dec 8, 2008 10:18pm
Quoting eternalrealm
Lost heavily yesterday night.

Thought the price will 'really' break the resistance level and rise again, and went into LONG.
I am so sorry to hear that....Bro...How many pips lose?? Where do u put ur SL....
here is my wave analysis for the period....QQE is sinking slowly....
u can see that there are wave bottoms and ur SL should put near red line....near 119.6x lvl..
U will lose about 100 pips....for that trade...and shouldn't be more than that...


Sometimes, we need to have our emotion controlled and take the loss, if the trade goes other way....


Sonic
Attached Image
  • #549
  • Dec 8, 2008 10:25pm Dec 8, 2008 10:25pm
O. So meaning the trade could have raise?

Still struggling with why it din raise, izzit due to the previous ups that broke 3 levels of resistance?

I din put any stoploss, still on my demo account.
But my heart still aches...
  • #550
  • Edited Dec 9, 2008 1:01am Dec 8, 2008 10:56pm | Edited Dec 9, 2008 1:01am
Quoting eternalrealm
O. So meaning the trade could have raise?

Still struggling with why it din raise, izzit due to the previous ups that broke 3 levels of resistance?

I din put any stoploss, still on my demo account.
But my heart still aches...

Well... it should have rise but it didnt..right? We are not in the position to tell where the market to head.....
Market is always right..it will go in the way its want...

what we do is, we guess/predict where it would possible go/stalled by analysing it....example using indicators, price action etc...and making money from it...

We do get it wrong too...with our prediction....
That y..putting SL is a must.and we must put it strategically...we must adjust it accordingly...(of coz, adjust upward for Long,,downward for short) time to time..go preserve our capital...

I am glad that it is demo...do not heart ache..it is hard but please try not to involve emotion as muc as possible...it is the recipe to disaster.....

QQE sinking slowly means..upward momentum has lowered...

Keep Going..buddy
Sonic
  • #551
  • Dec 9, 2008 12:50am Dec 9, 2008 12:50am
Quoting sonicdeejay
up for +50 pips now...
Monitoring close...SL @ BE...TP 118.4x lvl...

Gona Lock target, if necessary...

http://www.forexfactory.com/attachme...1&d=1228801172

Sonic
Sidewinder fired... TP hits..Close @ 118.47 near S1 level..
+101 pips

Sonic
Attached Image (click to enlarge)
Click to Enlarge Name: shi.gif Size: 26 KB
  • #552
  • Edited 2:33am Dec 9, 2008 1:27am | Edited 2:33am
first of all .. putting a SL is part of the very important "Money Management" . Its a must even for a small profit scalp or a daily carry trade.

heres what i think about ur chart ...
Attached Image (click to enlarge)
Click to Enlarge Name: picture.gif Size: 23 KB


for a buy at the circle is not triggered ... high (1), low (2), lower high (3) ... point 3 as the entry point references. there will be a quick pullback.. and the price will come up for a while . but even u put a buy stop at point 3 .. it was never triggered. use the lowest ema band for the stoploss . u can use wave 4 as a SL point also ..

for a sell after the 5th wave is confirmed ... high (3), low (4), higher low (5).. the price get a quick pullback and hit the sellstop continues it way down ..

Attached Image (click to enlarge)
Click to Enlarge Name: picture2.gif Size: 35 KB


Quoting sonicdeejay
Cool... Dude...I guess somebody is getting loaded..Ur from KL rite??
haha .. my car just cost around rm5k ... its an old car ..a daihatsu charade g100 aura .. modded 125hp 1.6litre engine N/A auto.. atleast a little younger than my previous car .. a 1986 daihatsu charade g11 ..modded and giving out 150+hp at 20psi with methanol injection .. yeah .. im from KL ..

Quoting sonicdeejay
Sidewinder fired... TP hits..Close @ 118.47 near S1 level.. +101 pips
good one sonic !
  • #553
  • Dec 9, 2008 5:05am Dec 9, 2008 5:05am
I see. Thanks for both of your help. Guess I need more training/understanding, in the wave analysis part. What does the 'quick pullback' really means??

Waiting for my account to be set up, now thinkin of seeking reputable paypal trader to trade for US$

It's nice to join this trend here.
  • #554
  • Dec 9, 2008 5:45am Dec 9, 2008 5:45am
Hi,

I have a question: If there is a typical lower high situation in a downtrend and everything is screaming get in but the lower low is far away from the emachannel...should i take it or how far is to far.
Attached Image (click to enlarge)
Click to Enlarge Name: after.gif Size: 32 KB
  • #555
  • Edited 6:36am Dec 9, 2008 6:08am | Edited 6:36am
Quoting MCFly
Hi,

I have a question: If there is a typical lower high situation in a downtrend and everything is screaming get in but the lower low is far away from the emachannel...should i take it or how far is to far.
are you asking abt re-entry???
I have explained briefly once... for short, wait for bullish to bearish engulfing price action,,,,Look at t orange box..

Sonic
Attached Image (click to enlarge)
Click to Enlarge Name: gusd.gif Size: 16 KB
  • #556
  • Dec 9, 2008 6:31am Dec 9, 2008 6:31am
Hello, please help to check this.

Am I right to open a short?
The stoploss I put at 40 pips.
Attached Image (click to enlarge)
Click to Enlarge Name: picture.gif Size: 21 KB
  • #557
  • Dec 9, 2008 6:55am Dec 9, 2008 6:55am
Quoting eternalrealm
Hello, please help to check this.

Am I right to open a short?
The stoploss I put at 40 pips.
SL 119.37?
Anyway News is out 11AM est..carefull

Sonic
  • #558
  • Dec 9, 2008 7:12am Dec 9, 2008 7:12am
Quoting sonicdeejay
SL 119.37?
Anyway News is out 11AM est..carefull

Sonic
You mean this?
11:00pm USD
http://www.forexfactory.com/images/m...mpact_high.gifPending Home Sales m/m
  • #559
  • Edited 10:41am Dec 9, 2008 8:05am | Edited 10:41am
Quoting eternalrealm
What does the 'quick pullback' really means??
well .. pullback is just a term i like to say .. after a wave is formed and u already got where to put the EP, i usually wait for another wave is formed before putting the buystop or sellstop ..

for example ...

Attached Image (click to enlarge)
Click to Enlarge Name: example.gif Size: 37 KB

point 1 is High .. point 2 is Low and point 3 is the Higher Low. thats already a trend confirmation on where it gonna go next shown by the arrow.. but ..as a trend confirmation, we should wait for another wave or a pullback ..

point 3 is High .. point 4 is Low and point 5 is the Higher Low .. after the point 4, the price is trying to break the ema band but got pulled back up and creating the new wave. use the point 4 as the EP and point 5 as the SL .

i know this is not the real explanation behind the Elliot Wave but this is the simplest way for me to understand it . i dont need to know why .. i just know it usually does that .. and it works ..

maybe someone can show or tell u what actually the wave means ..

Quoting MCFly
I have a question: If there is a typical lower high situation in a downtrend and everything is screaming get in but the lower low is far away from the emachannel...should i take it or how far is to far.
i believe sonic already mentioned about re-entry .. im not a fan of re-entry .. if i missed it, i just wait for another one ..

Quoting eternalrealm
Am I right to open a short?
The stoploss I put at 40 pips.
see the aqua line for the wave patterns .. and the 5th wave is kinda in the wrong position .. point 5 is higher than point 3 . i wont take this trade but if i still wanted to.. those are the EP and SL i would set ..
Attached Image (click to enlarge)
Click to Enlarge Name: picture3.gif Size: 23 KB



what a 'short' day huh ..
Attached Image (click to enlarge)
Click to Enlarge Name: sell4.gif Size: 38 KB
  • #560
  • Dec 9, 2008 9:02am Dec 9, 2008 9:02am
Catched 22 fast pips. Entry was okay?
Attached Image (click to enlarge)
Click to Enlarge Name: after.gif Size: 30 KB
50 traders viewing now