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Sonic R. System

  • #1,161
  • Jan 12, 2009 10:45am Jan 12, 2009 10:45am
I am confused. The EU and EJ pairs cpf posted had followed the rules right?
except the GU pair, which lack of wave analysis.
  • #1,162
  • Edited 1:31pm Jan 12, 2009 11:50am | Edited 1:31pm
Hi Eternal - the entry rules/signal appear okay, however, it was against the short term downward trend - which has been down the last few days on those pairs... there was the chance that the trade would've been wildly successful, but the odds were not in his favor. I'd like to see if Sonic agrees with my assessment - as I'm new to his system as well!

So don't forget to back up and really look at the higher time frames to determine if you are going with or trying to call the exact trend change candle - I still catch myself attempting this over and over...
  • #1,163
  • Jan 12, 2009 6:40pm Jan 12, 2009 6:40pm
That was a good short on the Gbp/Usd last night. As mentioned before, these kind of overlapping patterns are not sustainable; clearly were toppish pattern in the making. Take care

Have a good one
Jeff
Attached Image(s) (click to enlarge)
Click to Enlarge Name: GBP Median Lines 01132009 (i).jpg Size: 215 KB
Click to Enlarge Name: GBP SonicR 01132009 (i).jpg Size: 287 KB
~*~You are only one trade away from humility~*~
  • #1,164
  • Jan 12, 2009 6:43pm Jan 12, 2009 6:43pm
Quoting sonicdeejay
HOPE:;

there is no place for it,,,when trading FX...

Sonic

.... i would say there isn't a place for it in the trading arena.....
~*~You are only one trade away from humility~*~
  • #1,165
  • Jan 12, 2009 8:34pm Jan 12, 2009 8:34pm
The bears are in control of this market as well. Watch out for the test of the downward sloping Upper Median Line (Fire Red) and the general posture of the Modified Schiff Fork (Black); short on test of the said median line with price actions confirmation. Take care.

Have a good one
Jeff
Attached Image(s) (click to enlarge)
Click to Enlarge Name: EUR Median Lines 01132009 (i).jpg Size: 197 KB
Click to Enlarge Name: EUR Median Lines 01132009 (ii).jpg Size: 172 KB
~*~You are only one trade away from humility~*~
  • #1,166
  • Jan 12, 2009 9:58pm Jan 12, 2009 9:58pm
Quoting eternalrealm
I am confused. The EU and EJ pairs cpf posted had followed the rules right?
except the GU pair, which lack of wave analysis.
Trading isn't about who right or wrong,,No ego issue here.. it is about u make money or u lose money ..only...it is that simple..
Look at EJ example...(I use same chart as CFP85)
U should go 'short' in White line...

I am sure CFP85 get it..and I am only worry about u...
Sonic
Attached Image
  • #1,167
  • Jan 12, 2009 10:09pm Jan 12, 2009 10:09pm
cleared up the chart and uses more lines like i used to .. basic sonic rule still applies ...and yes sonic .. that would be the correct entry ... guess i was rushing in too early ..

EU ..
Attached Image (click to enlarge)
Click to Enlarge Name: 13-eu-12pm.gif Size: 48 KB
  • #1,168
  • Jan 12, 2009 10:17pm Jan 12, 2009 10:17pm
How about this...

Wait till CCI green become red, and place the SELL STOP few pips below at the end of the candle....??(look at white arrow)
SL as suggested in 2 places....

Now we are in Asia session...sucker times...Care full..
Sonic
Attached Image
  • #1,169
  • Jan 12, 2009 10:19pm Jan 12, 2009 10:19pm
Quoting jharteam
That was a good short on the Gbp/Usd last night. As mentioned before, these kind of overlapping patterns are not sustainable; clearly were toppish pattern in the making. Take care

Have a good one
Jeff
Noted Sir..

Sonic
  • #1,170
  • Edited 10:37pm Jan 12, 2009 10:26pm | Edited 10:37pm
Quoting sonicdeejay
Trading isn't about who right or wrong,,No ego issue here.. it is about u make money or u lose money ..only...it is that simple..
Look at EJ example...(I use same chart as CFP85)
U should go 'short' in White line...

I am sure CFP85 get it..and I am only worry about u...
Sonic

The problem is one has to look at the wave structures of the markets; and these are basically patterns the market churned out for you to determine the directional bias. All these waves are corrective in nature (all overlapping); how could it be a long trade? Typo error on Sonic, it should be LH, and over there, it was a clear head & shoulders formations; and Sonic pointed out short on break of the 'white' line is really the 'neck line'. There isn't any problem with SonicR; it's just that, as I always said, one should not follow SonicR as if it's a mechanical trading system; which it is not. Take care.

And look again at the Eur/Usd; SO MANY 'shakeouts' patterns (read my previous posts on 'shakeouts') for you to short; you could've shorted it few times with great monies in the pocket. Look at the Expanding formation of the Eur/Usd; that tells you that the market is extremely unstable; and the eventual break down of the said pairs were just a giveaway for such instability of the said pattern.

Have a good one
Jeff
~*~You are only one trade away from humility~*~
  • #1,171
  • Jan 13, 2009 12:40am Jan 13, 2009 12:40am
Please refer to the attached of how price actions interacting with the forks.

Have a good one
Jeff
Attached Image (click to enlarge)
Click to Enlarge Name: EUR Median Lines 01132009 (iii).jpg Size: 176 KB
~*~You are only one trade away from humility~*~
  • #1,172
  • Jan 13, 2009 12:51am Jan 13, 2009 12:51am
hi there,

Very similar like me, possible bounce in eurusd and gpbusd, eurusd tested M1 while gbpusd tested S1 both in bear channel.

I just have bought gbpusd and eurusd.

Regards
Attached Image (click to enlarge)
Click to Enlarge Name: eurusd5m.gif Size: 54 KB
  • #1,173
  • Jan 13, 2009 1:17am Jan 13, 2009 1:17am
Shorted at 1.3328 at Energy Point.

SonicR: ALL on Sell side
Price Actions: Attracted to the Energy Point
Pitchforks: DOWNWARD sloping forks (so is Shi Channel)

Trailing now...

Have a good one
Jeff
Attached Image (click to enlarge)
Click to Enlarge Name: EUR Median Lines 01132009 (iv).jpg Size: 182 KB
~*~You are only one trade away from humility~*~
  • #1,174
  • Jan 13, 2009 1:35am Jan 13, 2009 1:35am
Quoting jharteam
Shorted at 1.3328 at Energy Point.

SonicR: ALL on Sell side
Price Actions: Attracted to the Energy Point
Pitchforks: DOWNWARD sloping forks (so is Shi Channel)
i shorted EU at 1.3281 and EJ at 118.87 ...GJ at 131.28 .. GU at 1.4804
Attached Image (click to enlarge)
Click to Enlarge Name: 13-ej-3.30pm.gif Size: 34 KB

Attached Image (click to enlarge)
Click to Enlarge Name: 13-eu-3.30pm.gif Size: 37 KB


Attached Image (click to enlarge)
Click to Enlarge Name: 13-history.gif Size: 11 KB
  • #1,175
  • Jan 13, 2009 1:57am Jan 13, 2009 1:57am
Nice Shorts Guys....

But..do pay attention on the vol as well....

Price keeps dropping with small vol can mean...Fishy... Care FULL...


Sonic
  • #1,176
  • Jan 13, 2009 2:01am Jan 13, 2009 2:01am
Quoting sonicdeejay
Nice Shorts Guys....

But..do pay attention on the vol as well....

Price dropping with small vol can mean...fishy... Care FULL...


Sonic

Took half of the positions at 1.3250 already, the rest I just let it ride with small locked in profit stop. Take care.
~*~You are only one trade away from humility~*~
  • #1,177
  • Jan 13, 2009 3:18am Jan 13, 2009 3:18am
Quoting monotomia
hi there,

Very similar like me, possible bounce in eurusd and gpbusd, eurusd tested M1 while gbpusd tested S1 both in bear channel.

I just have bought gbpusd and eurusd.

Regards
Welcome to Sonic R ... Buddy...

Hitting the bottom line of bear channel means Care FULL with your short...it doesn't mean..u should go LONG...
We have sets of nice rules to follow/determine...before opening any pos..and these rules make our lifes eaiser in this random mkt..

Enjoy ur stay... Learn/Share and let's grow our acc together...
Sonic
  • #1,178
  • Jan 13, 2009 4:14am Jan 13, 2009 4:14am
Quote
I am sure CFP85 get it..and I am only worry about u...
Sonic

Thanks for the worries. Juz back from sch. still learning how to offset my looses.
  • #1,179
  • Jan 13, 2009 6:30am Jan 13, 2009 6:30am
Quoting sonicdeejay
Hitting the bottom line of bear channel means Care FULL with your short...it doesn't mean..u should go LONG...
yeah. that would be a new lesson for me.. i depends too much at the SHI Channel even i dont fully understand it yet ..

Quoting eternalrealm
Thanks for the worries. Juz back from sch. still learning how to offset my looses.
dont worry .. we will learn together here ...maybe we can make a live chat so we can discuss to each other if theres any entry or question, etc...

anyway .. another two closed a while ago ...
Attached Image (click to enlarge)
Click to Enlarge Name: 13-gj-1936.gif Size: 34 KB


Attached Image (click to enlarge)
Click to Enlarge Name: 13-gu-1935.gif Size: 35 KB
  • #1,180
  • Jan 13, 2009 6:33am Jan 13, 2009 6:33am
that's very nice... 100 pips.... i believe i should stop trading... keep on losing nowadays..... dun really know when to close my trade.. always waiting ...
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