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Sonic R. System

  • #1,861
  • Feb 17, 2009 9:51pm Feb 17, 2009 9:51pm
Quoting mlambole
Yeah it is a little too dark indeed..Might look better even with something brigther. What is the name of the indicator that you have in the top right corner of your window, the one that gives macd,str, ema for all the timeframes ?
i will try to search on similar theme with the same features someday ...

Quoting nickj
It's #Signal_Bars_v7
thanks nickj

Quoting haqiq
I got a question, on first page the attachment given only got instruction for Sonic V1 only, is the instruction the same for V1 and V2? I currently using Peter's one.
the same rule still apply .. maybe sonic can make a PDF file about the latest V2 and explain everything ..

i can help make it on weekend ..
  • #1,862
  • Feb 17, 2009 10:21pm Feb 17, 2009 10:21pm
Hi Folks,

I can't snap a pic of the chart, but basis m15 Sonic R I've been short the GBPCHF since about 3:30 EST (sold @ 1.6669) with most of the movement occurring in the first 30 minutes of the trade. Currently I'm +30ish, with my stop at +5 and a TP at +100 just above this morning's low). My trailing stop will move down every 30 pips if it continues my way, and I'll be stopped out with +5 if it reverses. I'm shutting down and gong to sleep.

Having fun with the SonicR.


Best Wishes,

ddaytrader
  • #1,863
  • Feb 17, 2009 11:00pm Feb 17, 2009 11:00pm
Quoting ddaytrader
Hi Folks,

I can't snap a pic of the chart, but basis m15 Sonic R I've been short the GBPCHF since about 3:30 EST (sold @ 1.6669) with most of the movement occurring in the first 30 minutes of the trade. Currently I'm +30ish, with my stop at +5 and a TP at +100 just above this morning's low). My trailing stop will move down every 30 pips if it continues my way, and I'll be stopped out with +5 if it reverses. I'm shutting down and gong to sleep.

Having fun with the SonicR.


Best Wishes,

ddaytrader
Hi,

I thought the 1.6610 (76%) will be a nice exit point. Just my opinion based on the fibo from the last swing.
May the pips be with me !!!
  • #1,864
  • Edited 12:43am Feb 18, 2009 12:24am | Edited 12:43am
On the 30 minute charts (attached) you can see that both the EurJpy and EurUsd are at the point of a pinch in the standard Bollinger Band and a breakout looks to be pending.....

By way of additional comment: The standard Bollinger Band pinching is a harbinger for a breakout. In this case, the inner non-std BB (period 10, deviation 1.5) breakout is already in process and shows upward movement. Many times the first impulse in a breakout is short, followed by a pullback before the main move. It is as though the train is called back to the station to pick up some of the remaining Big Guns that wanted to see how the first phase went before committing......
Attached Image(s) (click to enlarge)
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  • #1,865
  • Feb 18, 2009 12:37am Feb 18, 2009 12:37am
Morning Guys,

I have just entered 2 trades

Long GBPUSD @ 1.4255

Long GBPJPY @ 131.68

Both trades fulfilled 12 out of 15 conditions, giving both the trades a 80% chance of being successful ... hopefully
Attached Image(s) (click to enlarge)
Click to Enlarge Name: gbpusd 18 feb.gif Size: 23 KB
Click to Enlarge Name: gbpjpy 18 feb.gif Size: 22 KB
  • #1,866
  • Feb 18, 2009 12:38am Feb 18, 2009 12:38am
Hav nothing to add on......
haiz
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  • #1,867
  • Feb 18, 2009 12:56am Feb 18, 2009 12:56am
Quoting traderathome
On the 30 minute charts (attached) you can see that both the EurJpy and EurUsd are at the point of a pinch in the standard Bollinger Band and a breakout looks to be pending.....

By way of additional comment: The standard Bollinger Band pinching is a harbinger for a breakout. In this case, the inner non-std BB (period 10, deviation 1.5) breakout is already in process and shows upward movement. Many times the first impulse in a breakout is short, followed by a pullback before the main move. It is as though the train is called back to the station...
The breakouts are in progress. I have added Fibonacci Extensions. Reaching the 100% level should be a foregone conclusion (already happened for one pair). In a strong run, reaching the 162% is reasonable. The stronger the run, the higher the goal. As the pairs have been depressed, we could see 262%, or more....but maybe with some pullbacks along the way.
Attached Image(s) (click to enlarge)
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  • #1,868
  • Feb 18, 2009 1:03am Feb 18, 2009 1:03am
Quoting traderathome
The breakouts are in progress. I have added Fibonacci Extensions. Reaching the 100% level should be a foregone conclusion (already happened for one pair). In a strong run, reaching the 162% is reasonable. The stronger the run, the higher the goal. As the pairs have been depressed, we could see 262%, or more....but maybe with some pullbacks along the way.
You can now see the trains have been recalled to the station. The remaining Big Guns may venture on board now......
Attached Image(s) (click to enlarge)
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  • #1,869
  • Feb 18, 2009 1:25am Feb 18, 2009 1:25am
Both trades closed !

I kept the stop losses very tight on these 2 trades because the upcoming BoE minutes is making me nervous.

Anyway +17p on GBPUSD & +25p on GBPJPY
  • #1,870
  • Feb 18, 2009 1:39am Feb 18, 2009 1:39am
Quoting traderathome
You can now see the trains have been recalled to the station. The remaining Big Guns may venture on board now......
EurJpy has achieved the 162% level and more. EurUsd has achieved the 100% level. These could both turn out to be very strong moves that go higher over time and that include pullbacks along the way because the 1 Hour charts are now setting up also.
Attached Image(s) (click to enlarge)
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  • #1,871
  • Feb 18, 2009 1:50am Feb 18, 2009 1:50am
Quoting traderathome
EurJpy has achieved the 162% level and more. EurUsd has achieved the 100% level. These could both turn out to be very strong moves that go higher over time and that include pullbacks along the way because the 1 Hour charts are now setting up also.
The Fibonacci Extension is applied to the pinch of the standard Bollinger Bands for EurJpy and EurUsd on the 1 Hour charts, providing suggested exit target levels in the event of a strong run....
Attached Image(s) (click to enlarge)
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  • #1,872
  • Feb 18, 2009 2:05am Feb 18, 2009 2:05am
For quick scalps, applying the Fib. Ext. to the inner non-std. BB (period 10, deviation 1.5) gives levels for a smaller breakout range. This is good to do on lower timeframe charts, such as 5 minute to 30 minute. However, if you see a setup spanning multiple timeframes at the same time, or a setup that "grows" from smaller to larger timeframes as the price movement is underway, then applying the Fib. Ext. to the std. BB is recommended. This will provide suggested exit targets over a larger range.

As an example shown below, you can see the range of the exit targets on a 15 minute chart when the Fib. Ext. is applied to both the inner and std. BBs....
Attached Image(s) (click to enlarge)
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  • #1,873
  • Feb 18, 2009 2:34am Feb 18, 2009 2:34am
Anyone watching EUR/GBP?

Just picked up +34 pips on half my order. Break even on the second half with a TP 2 target at R1. Sweet.
Attached Image (click to enlarge)
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My brain hurts!
  • #1,874
  • Feb 18, 2009 3:12am Feb 18, 2009 3:12am
Hi Guys,

Just entered USDCAD long @ 1.2635

I set my TP at 1.2672 (the previous day's high)

13 out of 15 conditions have been met ...87% probability...again hopefully
Attached Image (click to enlarge)
Click to Enlarge Name: usdcad 18 feb.gif Size: 23 KB
  • #1,875
  • Feb 18, 2009 3:16am Feb 18, 2009 3:16am
wow .. two big candle ... good for you to catch some good pips .. but please becarefull after this .. there will be a news release after this .. in another 15m .. closed my short on EJ .. missed the big moved long tho ...

Attached Image (click to enlarge)
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  • #1,876
  • Feb 18, 2009 3:17am Feb 18, 2009 3:17am
Quoting wallst500
Hi Guys,

Just entered USDCAD long @ 1.2635

I set my TP at 1.2672 (the previous day's high)

13 out of 15 conditions have been met ...87% probability...again hopefully
Hi,

Looks like a nice setup though but i would prefer price to go below more at least 38% fibo before taking the long. Price is still ranging to me
May the pips be with me !!!
  • #1,877
  • Feb 18, 2009 3:31am Feb 18, 2009 3:31am
Quoting ahlude
Hi,

Looks like a nice setup though but i would prefer price to go below more at least 38% fibo before taking the long. Price is still ranging to me
Hi ahlude,

yeah I saw that that it was ranging a bit.

But it seems as if the USD is on a rampage this morning and the setup conditions were near perfect for me.

I am also not going to be greedy on this one

well thumbs crossed
  • #1,878
  • Feb 18, 2009 3:56am Feb 18, 2009 3:56am
I also think its not a good one
regards
{Promotion Removed}
  • #1,879
  • Edited 4:11am Feb 18, 2009 3:56am | Edited 4:11am
Price Action::: Bearish Engulfing

PPZ:: Look at the red line...where one can easily put his TP>...
PPZ seems clearer when looked from higher TF... H4 for this case...

Sonic

P.S apart from my own thread..the only thread that I really admire is J16...
Attached Image (click to enlarge)
Click to Enlarge Name: shi.gif Size: 16 KB
Attached File(s)
File Type: tpl j16.tpl   1 KB | 514 downloads
  • #1,880
  • Feb 18, 2009 3:59am Feb 18, 2009 3:59am
Quoting wallst500
Morning Guys,

I have just entered 2 trades

Long GBPUSD @ 1.4255

Long GBPJPY @ 131.68

Both trades fulfilled 12 out of 15 conditions, giving both the trades a 80% chance of being successful ... hopefully

If u are doing Counter trend trade.... care ful with R & S...See rectangle green box...this is where price advancement expected to get stalled..

Sonic
Attached Image
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