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Sonic R. System

  • #981
  • Jan 4, 2009 9:25pm Jan 4, 2009 9:25pm
Quoting sonicdeejay
U are in + pips now....SL shd be at BE for now...
There is resistance 1.443x lvl...if it is broken...the another one will be at 1.440x lvl...Trail it close...
We are in Asian Session for now...vol may be thin and the wild swing can take place...


Sonic
Hi Bro, took a bit profit out of the trade. yeah, trailing right now....but NOT too close, I want to see some good sell off to -1.4340+ OR lower....Take care

Have a good one
Jeff
~*~You are only one trade away from humility~*~
  • #982
  • Jan 4, 2009 9:29pm Jan 4, 2009 9:29pm
Quoting jharteam
Hi Bro, took a bit profit out of the trade. yeah, trailing right now....but NOT too close, I want to see some good sell off to -1.4340+ OR lower....Take care

Have a good one
Jeff
Cool...
I foresee,,,the mkt will not go lower 1.443x for this moment....Ding Dong expected...
See what the London Session brings....

Sonic
  • #983
  • Jan 4, 2009 9:37pm Jan 4, 2009 9:37pm
Quoting sonicdeejay
Cool...
I foresee,,,the mkt will not go lower 1.443x for this moment....Ding Dong expected...
See what the London Session brings....

Sonic
Quite possible indeed, if she doesn't crashes on me. I'll wait for another shorting opportunity at higher levels when she 'kisses' my Median Line. I'm waiting at the moment for some slingshots to fail in the 5-min time frame; giving me a reason to go flat.

Jeff
~*~You are only one trade away from humility~*~
  • #984
  • Jan 4, 2009 10:12pm Jan 4, 2009 10:12pm
Quoting jharteam
Quite possible indeed, if she doesn't crashes on me. I'll wait for another shorting opportunity at higher levels when she 'kisses' my Median Line. I'm waiting at the moment for some slingshots to fail in the 5-min time frame; giving me a reason to go flat.

Jeff
I'm flat now, simply because we are at 'crossroads'. Take care

Have a good one
Jeff
Attached Image (click to enlarge)
Click to Enlarge Name: GBP Median Lines 01052009 (i).jpg Size: 162 KB
~*~You are only one trade away from humility~*~
  • #985
  • Jan 5, 2009 12:25am Jan 5, 2009 12:25am
Just took a long here :
Attached Image (click to enlarge)
Click to Enlarge Name: gu.gif Size: 24 KB
Enter Signature
  • #986
  • Jan 5, 2009 1:00am Jan 5, 2009 1:00am
Quoting johninthai
Just took a long here :
u are at least +70 pips...Nice one dude...
I know that ur SL @ BE>..

let it ride with trail...and post ur chart once it is done...

Gd Job
Sonic
  • #987
  • Jan 5, 2009 1:02am Jan 5, 2009 1:02am
YEs + 80 at the moment , taken half off at +80 rest will run stop at BE
Enter Signature
  • #988
  • Jan 5, 2009 1:11am Jan 5, 2009 1:11am
Long EY (very small lot), but it isn't doing what it's suppose to yet
Attached Image (click to enlarge)
Click to Enlarge Name: ey.gif Size: 34 KB
Enter Signature
  • #989
  • Jan 5, 2009 1:49am Jan 5, 2009 1:49am
EY trade is slowly improving now , aiming for 128.40 and TP2 128.80, lets see.
Enter Signature
  • #990
  • Jan 5, 2009 2:31am Jan 5, 2009 2:31am
WOw EY is going wild took a quick long during the fall managed to get 40 pips out of it (out of the system) small lot long that I have still holding.
Enter Signature
  • #991
  • Jan 5, 2009 3:01am Jan 5, 2009 3:01am
Quoting johninthai
YEs + 80 at the moment , taken half off at +80 rest will run stop at BE

Hi John:

Good long trade you had. I wanted to warn you about the impending sell off few moments ago; but I made it a rule to myself that I am not allowed to 'disturb' others' trading decisions (unless the situation if of impending danger) while the trade is still in the making. I will send out a chart shortly for the aforementioned situation. Take care.

Have a good one
Jeff
~*~You are only one trade away from humility~*~
  • #992
  • Jan 5, 2009 3:18am Jan 5, 2009 3:18am
Thanks J, Like in this trade I usually take TP in steps once I go above 60 pips and then leave a small lot to either go up more or hit BE at +1 or so.

EY trade that was a serious sell off, don't mind you warning though, I took pips on the retrace and am leaving a small lot for the way back above 130 eventually.
Enter Signature
  • #993
  • Edited 3:46am Jan 5, 2009 3:44am | Edited 3:46am
We are STILL at 'crossroads' as of now; with the 5-min Upward Sloping Median Line (Blue) holding the recent sell off and the Downward Sloping Median Line (Black) containing the current up move. Again, notice the perfect "Shakeouts" pattern; that and the price actions hit the warning line that triggered a furious sell off from an intraday perspective. Take care

P/S: Currently, I have a slight directional bias to the upside. 15-min Gbp/Usd shows an expanding formation in the making; and the Upward Sloping Median Line has been test just now.

Have a good one
Jeff
Attached Image(s) (click to enlarge)
Click to Enlarge Name: GBP SonicR 01052009 (ii).jpg Size: 281 KB
Click to Enlarge Name: GBP Median Lines 01052009 (iii).jpg Size: 167 KB
~*~You are only one trade away from humility~*~
  • #994
  • Jan 5, 2009 6:35am Jan 5, 2009 6:35am
Euro Collapses...

Sonic
Attached Image (click to enlarge)
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  • #995
  • Jan 5, 2009 7:28am Jan 5, 2009 7:28am
Quoting sonicdeejay
Euro Collapses...

Sonic

Hey Bro, still holding ur Eur/Jpy?

Nice pipping ya~

http://www.forexfactory.com/attachme...1&d=1231158910
trade safe
  • #996
  • Jan 5, 2009 7:44am Jan 5, 2009 7:44am
Quoting zz_zhang
Hey Bro, still holding ur Eur/Jpy?

Nice pipping ya~

http://www.forexfactory.com/attachme...1&d=1231158910

MY SL @ BE...TP as shown in Blu..and my first TP jus hit.

Sonic
  • #997
  • Jan 5, 2009 7:46am Jan 5, 2009 7:46am
Quoting sonicdeejay
V1 rule and V2 rule are same...HERE
I suggest you to read prev posts to see the example how ppl here trade..and practise makes perfect...

All the best..
Sonic
Thanx for your advice sonic,
Just finished reading the whole thread, nice~~~ learn a lot.

Attached my first try with this system, wow currently 50 pip profit, so happy thanx again.

http://img514.imageshack.us/img514/6775/13501797mg4.jpg

Checklist:-
1.General Trend confrims it? DT check
2. Price Action confirms it? Look like bullish check
3. EMA bands confirms it? Below EMA check
4. QQE confirms it? Below 50 check
5. Wave Analysis confirms it.? H-L-HL-LL check
6. Smile like an evil man. Check
7. Sonic R. System Rock??? Check!!!!!

My Question as below:-
Q1) What is the function of the Black EMA89 line? How to use it in this system?

Q2) How to read the red/blue bar at the centre of CCI 63 indicator? How to apply it in this system?

Q3) Can you briefly describe in “lay-man” term how to used the NVO, I still can’t understand how to apply it although already read the brief explanation on previous post

Q4) How is my entry, SL and TP? OK?

Q5) I read in the pdf “XXX/JPY pairs, change ur trail stop and SL to at least 80 pips”. Can I confirm the Trail Stop 80pip coz I think it is quite high? Please advice.

Q6) On the attached picture, which is better for me to close/exit, at Daily Low (green line) or Trail Stop 80pip?

Really great system, first try just now already profit.
  • #998
  • Jan 5, 2009 8:00am Jan 5, 2009 8:00am
Q1) What is the function of the Black EMA89 line? How to use it in this system?

Just a guide,to see the trend...Not a trading decision...so far yet..

Q2) How to read the red/blue bar at the centre of CCI 63 indicator? How to apply it in this system?

Not a trading decision...so far yet..

Q3) Can you briefly describe in “lay-man” term how to used the NVO, I still can’t understand how to apply it although already read the brief explanation on previous post

NVO is like an reminder or alert...Price going up/down with the lowering vol..it tell u that the trend change may be coming....

I will give u example from time to time...

Q4) How is my entry, SL and TP? OK?
U learn fast

Q5) I read in the pdf “XXX/JPY pairs, change ur trail stop and SL to at least 80 pips”. Can I confirm the Trail Stop 80pip coz I think it is quite high? Please advice.

JPY pairs moves alot...example E/J in 15m TF .. 1 candle can be easily 60 pips plus....so ur SL must be bigger than that..to wither easy whipsaw....

Q6) On the attached picture, which is better for me to close/exit, at Daily Low (green line) or Trail Stop 80pip?

Yea..use it wisely...Daily Low can expect so rebound...and trail it with 80 pips,,,if there is anything...anything can happen in forex....so protect ur pips...

Really great system, first try just now already profit

Forex trading is an probability game. You can win and lose too...so try to learn to take it when u have a lossing trade...Our job is to get as muc pip as possible when winning...and loss a small pip as possible when lose...

I suggest/hope u will take ur term back in helping other traders here,,,by sharing ur set up and idea....

All the best
Sonic
  • #999
  • Jan 5, 2009 8:34am Jan 5, 2009 8:34am
Hi Bro Sonic,

Glad to see all your winning trades.....my book has opened for year 2009. Let's pips together

Huat ar !!!!!!!!
May the pips be with me !!!
  • #1,000
  • Edited 8:57am Jan 5, 2009 8:44am | Edited 8:57am
Thanx a lot Sonic for your reply. I close 50% at 50pip, 30% at 80pip, rest ride on Trail Stop and move SL to Break Even. I dont know weather is this a good way to lock my profit or not? anyway still happy with my profit
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