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Sonic R. System

  • #1,741
  • Feb 12, 2009 8:58am Feb 12, 2009 8:58am
I closed mine... +101 pips in a flash...

Sonic
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  • #1,742
  • Feb 12, 2009 8:59am Feb 12, 2009 8:59am

Sonic...as you know..i'm a aggressive trader..being support by your system and fork give me a lot of advantage


zuya
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  • #1,743
  • Feb 12, 2009 9:07am Feb 12, 2009 9:07am
Hi guys,

A little contribution from me though not related to Sonic R system. I'm purely on Fibo & candlestick setup.

My entry price was 1.2840 (2 pips low from the IB) & SL was 4 pips (2 pips + 2pips spread) high of candle before IB candle. My 1st TP was 1.2790, 2nd TP was 1.2740 and last TP was 1.2650 (not sure if it can get there).

My reason for entry was because price failed to make a new high and it bounce off from the 61.8% and the IB was a low High wick thus made me took the trade. Attached is my screenshot.
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May the pips be with me !!!
  • #1,744
  • Feb 12, 2009 9:08am Feb 12, 2009 9:08am
Quoting nickj
Beachboy-
You trading with your EA? I've had it running last two days - but no trades.

I can only watch the screen certain parts of the day - so I keep missing some of the entries with manual trading. As I get results/setups I'll post.
i busy with my work this week, today trade was using manual entry as i cannot open MT4 in my computer while doing presentation.

the last trade i had was reentry trade.
  • #1,745
  • Feb 12, 2009 9:25am Feb 12, 2009 9:25am
I have seen this type of pattern quite a few time before...Look at EU H4 TF...

There was the clear trend line break after few days of consolidation... see point 1... many newbie will jump in the Short wagon...nothing wrong with that though....

But mkt is not tat simple,,,Big boys can be intentionally bring back the price..so that they can load the shorts again at higher price,, point 2...

I hope the newbie do not close his short and follow the long...
He will later found out that his Long get SL....realizing that he should stick to his short....

BTW..1.272x is a nice lvl to TP..

That's it for me tonight...
Sonic
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  • #1,746
  • Feb 12, 2009 10:16am Feb 12, 2009 10:16am
sigh ... im getting tired of trading EJ .. everytime im outside or downstairs (not infront of the pc), the price moves ALOT .. and when im infront of the pc, the price didnt moves much ...
  • #1,747
  • Feb 12, 2009 8:17pm Feb 12, 2009 8:17pm
Quoting cfp85
sigh ... im getting tired of trading EJ .. everytime im outside or downstairs (not infront of the pc), the price moves ALOT .. and when im infront of the pc, the price didnt moves much ...

it was a big zip zaping around...EU reversed in the late US session due to bailout pass and bounce from 1.272x super support...

Sonic
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  • #1,748
  • Feb 12, 2009 9:33pm Feb 12, 2009 9:33pm
Quoting sonicdeejay
it was a big zip zaping around...EU reversed in the late US session due to bailout pass and bounce from 1.272x super support...


http://www.forexfactory.com/attachme...1&d=1234491420

Sonic

Just Hit.. TP1..+153 pips
SL @ BE now...

Sonic
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  • #1,749
  • Feb 12, 2009 9:57pm Feb 12, 2009 9:57pm
Sonic, on the chart below it looks like a valid long signal to me. could you explain me why i shouldnt have taken it or should it be considered as a "false" signal ?
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  • #1,750
  • Feb 12, 2009 10:09pm Feb 12, 2009 10:09pm
Quoting mlambole
Sonic, on the chart below it looks like a valid long signal to me. could you explain me why i shouldnt have taken it or should it be considered as a "false" signal ?

It wasn't a fake signal.. You shall be rewarded for going Long...
I have long in EJ....

Sonic
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  • #1,751
  • Feb 12, 2009 10:28pm Feb 12, 2009 10:28pm
Quoting sonicdeejay
It wasn't a fake signal.. You shall be rewarded for going Long...
I have long in EJ....

Sonic
Thanks Sonic, but the chart you posted is from today and the one I posted is from yesterday. Yes tonight it was a winner trade
  • #1,752
  • Edited Feb 13, 2009 2:17am Feb 12, 2009 10:42pm | Edited Feb 13, 2009 2:17am
Quoting mlambole
Thanks Sonic, but the chart you posted is from today and the one I posted is from yesterday. Yes tonight it was a winner trade
I guess u r talking about this ... Ya,,It was supposely a loss trade,,, but I didn't trade as it occurs during Asia Session...it is quite not recommend to trade n Asia session... I was outside while I see this set up..it happen yesterday 9-11 PM EST....

Look at 3 red bar..it happened 4 AM EST...that was powerful one..

Sonic
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  • #1,753
  • Feb 13, 2009 4:46am Feb 13, 2009 4:46am
sonic
I know this is another technical question, but what is the SHI lines, are they the Andrews pitchfork? And seems to have 2 sets of lines, how do you interpret them.

Thanks
  • #1,754
  • Feb 13, 2009 5:10am Feb 13, 2009 5:10am
Quoting sonicdeejay
it was a big zip zaping around...EU reversed in the late US session due to bailout pass and bounce from 1.272x super support...

http://www.forexfactory.com/attachme...1&d=1234491420

Sonic
Quote

Just Hit.. TP1..+153 pips
SL @ BE now...

http://www.forexfactory.com/attachme...1&d=1234495990

Sonic


Just Hit.. TP2..+220 pips

Total +373 pips for Friday....

Enough for today...

Sonic
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  • #1,755
  • Edited 6:02am Feb 13, 2009 5:20am | Edited 6:02am
Quoting emacro
sonic
I know this is another technical question, but what is the SHI lines, are they the Andrews pitchfork? And seems to have 2 sets of lines, how do you interpret them.

Thanks
I do not know who is Andrew and his pitchforck... Technical Analysis is 99% Fallacy, my brotha.. But u may ask me why I use that...

Well... TA is 1% useful if you know how to use them and stick to it...

This is how I see...
SHI channel can help u determine the trend line in given TF that u set...be it 15M of 1H....
so it helps u save hassle, drawing trend lines by yourself...

Hope it helps
Sonic
  • #1,756
  • Feb 13, 2009 6:35am Feb 13, 2009 6:35am
Hi Sonic,

I've attached a chart of the EJ 15 minute. Would a break below the low of the bar with the red arrow (117.5x) be a valid short entry per your set up even if the cci63 is still above the zero line?

Thank you,

ddaytrader
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  • #1,757
  • Feb 13, 2009 6:55am Feb 13, 2009 6:55am
Got into this short position. Stop is tight at 1.2884.
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  • #1,758
  • Edited 7:17am Feb 13, 2009 7:02am | Edited 7:17am
Quoting sonicdeejay
I do not know who is Andrew and his pitchforck... Technical Analysis is 99% Fallacy, my brotha.. But u may ask me why I use that...

Well... TA is 1% useful if you know how to use them and stick to it...

This is how I see...
SHI channel can help u determine the trend line in given TF that u set...be it 15M of 1H....
so it helps u save hassle, drawing trend lines by yourself...

Hope it helps
Sonic
Found this if anyone interested.

Sonic
So after determining the trend with SHI, you just take trades with the trend?
  • #1,759
  • Feb 13, 2009 7:06am Feb 13, 2009 7:06am
Went into short at 1.2863 (via Beachboys EA). - White Line
Original stop was just above m3 pivot at 1.2913.
After it made a lower high, I adjusted down to 1.2881 - Red Line
TP at 1.2803
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  • #1,760
  • Feb 13, 2009 7:16am Feb 13, 2009 7:16am
Short...
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