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Sonic R. System

  • #1,881
  • Feb 18, 2009 2:00am Feb 18, 2009 2:00am
oh well closed USDCAD for +12pips @ 1.2647

but every pip counts I suppose

brings the grand total to +54pips for the today so far
  • #1,882
  • Feb 18, 2009 2:03am Feb 18, 2009 2:03am
thanks Sonic

I seemed to have missed that S&R rectangle, but luckily it worked out alright this time.

As long as I can learn from every trade
  • #1,883
  • Feb 18, 2009 3:59am Feb 18, 2009 3:59am
Was the setup wrong, Sonic?
http://www.imageurlhost.com/images/o...h0j0sl3e0o.jpg
  • #1,884
  • Feb 18, 2009 4:14am Feb 18, 2009 4:14am
Quoting qwer2004
Was the setup wrong, Sonic?
http://www.imageurlhost.com/images/o...h0j0sl3e0o.jpg

It was a suppose LOSS trade...Nothing Wrong..
There a another side on the flip of coin and u can be either side at a time,,,
Isn't it a nice SHort signal...after it break Higher Lows strongly??
you can flip to short and try take TP near PPZ @ 1.410x...

Sonic
  • #1,885
  • Feb 18, 2009 4:24am Feb 18, 2009 4:24am
i guess...crazy movement on GBP is caused by this news...

http://www.forexfactory.com/news.php?do=news&id=153619

We should also pay attnetion to the pair related news release.. prior to the trade...

Sonic
  • #1,886
  • Edited 5:26am Feb 18, 2009 5:15am | Edited 5:26am
Quoting sonicdeejay
i guess...crazy movement on GBP is caused by this news...

http://www.forexfactory.com/news.php?do=news&id=153619

We should also pay attnetion to the pair related news release.. prior to the trade...

Sonic
Thanks, Sonic~
Another question,
there are so many news a day,
how can we decide whether they are big/heavy?
Which one we can ignore?

Enoch
  • #1,887
  • Edited 6:09am Feb 18, 2009 5:53am | Edited 6:09am
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.
While EurUsd is stuck in a range, the EurJpy is making progress to the upside. The 262% level is close for the moment, following a major pullback.

Edit: Added later chart view. The 262% level was attained. There could be more to go, over time. Too bad the EurUsd is not following suit. Perhaps when the EurUsd starts to move, like a coiled spring, it will move fast and hard.
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  • #1,888
  • Feb 18, 2009 6:15am Feb 18, 2009 6:15am
I don't like going against those large bull impulse bars, but SonicR tells me to try a short here on the EURGBP. Note: SonicCCi (not shown) has not confirmed short, and I am using the 15M QQE and the M60 QQE to "greenight" this short.
Attached Image (click to enlarge)
Click to Enlarge Name: 2-18-2008 EURGBP Short2.jpg Size: 121 KB
  • #1,889
  • Feb 18, 2009 6:29am Feb 18, 2009 6:29am
Quoting ddaytrader
I don't like going against those large bull impulse bars, but SonicR tells me to try a short here on the EURGBP. Note: SonicCCi (not shown) has not confirmed short, and I am using the 15M QQE and the M60 QQE to "greenight" this short.
Did Sonic say to short it now? It ran up hard and fully retraced, and is now back into the top of its previous range. The run up was fast and on little "volume" compared to the volume on the run back down.....so, suspiciously it could have been manipulated quickly up on light volume to set the stage for better pricing of short positions as it took on huge amounts (comparatively) of volume on the path back down. In this senario then, the manipulators were establishing their shorts.

Nevertheless, it could go either way. That senario is only a senario. It could be wise to wait, let time pass and the dust settle, see if any good strategy formations come into play after a while.
  • #1,890
  • Edited 7:42am Feb 18, 2009 7:26am | Edited 7:42am
Quoting traderathome
Did Sonic say to short it now?
I didn't realize I was supposed to ask Sonic to ok each trade lol!

I'm still short, and its going no where fast. Time will tell which way she goes.

Best Wishes,

ddaytrader
  • #1,891
  • Feb 18, 2009 7:45am Feb 18, 2009 7:45am
Quoting ddaytrader
I don't like going against those large bull impulse bars, but SonicR tells me to try a short here on the EURGBP. Note: SonicCCi (not shown) has not confirmed short, and I am using the 15M QQE and the M60 QQE to "greenight" this short.

Starting some movement - I hit +30 on 1/2 and stop is +5 on remaining
Attached Image (click to enlarge)
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  • #1,892
  • Feb 18, 2009 8:40am Feb 18, 2009 8:40am
Quoting ddaytrader
Starting some movement - I hit +30 on 1/2 and stop is +5 on remaining

Hit +45 and stop is now +20

I really am enjoying trading this set up.
Attached Image (click to enlarge)
Click to Enlarge Name: 2-18-2008 EURGBP Short4.jpg Size: 152 KB
  • #1,893
  • Feb 18, 2009 9:24am Feb 18, 2009 9:24am
Quoting ddaytrader
Hit +45 and stop is now +20

I really am enjoying trading this set up.
and +20 it is

For today (counting last night)

Short GBPCHF:

+30
+5

Short EURGBP

+30
+20

Total: +85

Not a bad day ... though I have noticed two things in the two weeks since I started trading the SonicR:

1) I have been taking 1 unit off at +30, but in all cases thus far, my +30 trades have all made it to +45 minium, so I may start taking the first one off at +40 rather than +30

2) Ususally several SonicR's set up across the various pairs simultaneously. I invariably pick the slowest and least moving pair to trade. I'd ike to work on trade selection. However, some of thisis risk management. The EURGBP short set up at the same time as a GBPJPY long set up, but the initial stop loss require by the EURGBP trade was -40, where as the nearest logical stop on the GBPJPY was -80. I am not a big fan of 80 tick/pip stop losses.

Best Wishes,

ddaytrader

PS The USDCHF has performed very well over the last two weeks using SonicR, and today was no exception. A very nice long triggered around 3:30 AM EST.
  • #1,894
  • Feb 18, 2009 9:44am Feb 18, 2009 9:44am
Quoting traderathome
While EurUsd is stuck in a range, the EurJpy is making progress to the upside. The 262% level is close for the moment, following a major pullback.

Edit: Added later chart view. The 262% level was attained. There could be more to go, over time. Too bad the EurUsd is not following suit. Perhaps when the EurUsd starts to move, like a coiled spring, it will move fast and hard.
The 424% level has been attained......
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  • #1,895
  • Feb 18, 2009 10:12am Feb 18, 2009 10:12am
earlier today on H4 :
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and i was out ........Sigh ... forgot to put buy stop ...
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  • #1,896
  • Feb 18, 2009 4:03pm Feb 18, 2009 4:03pm
Quoting guitarxx
Thanks Beachboy

Heres the attached screenshots

On a different point how do i get screenshots embedded into my forum reply.

Thanks for your help
Tony
hi guitar, your chart seem fine.
can you try to install on another broker? coz sometime the instalation of MT4 corrupted.
  • #1,897
  • Feb 18, 2009 11:20pm Feb 18, 2009 11:20pm
Hopefully could make another pdf for SonicV2 since the indicator is different from SonicV1. But the Peter's one already give decent signal but just wanted to test the better one for me.
  • #1,898
  • Feb 19, 2009 1:20am Feb 19, 2009 1:20am
it was stress free...

Sonic
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  • #1,899
  • Feb 19, 2009 2:37am Feb 19, 2009 2:37am
Morning Guys,

Yesterday there was mention that we should watch upcoming news events more closely because it could potentially have a quite a large impact on any possible trades.

Another question was also asked about which news events impact a specific currency pair and to what extent.

I found a quite a nice indicator that displays upcoming news events with previous and forecast numbers and what sort of impact it can possibly have on the currency pair.
It also tells us how much time is left until the next news release and it also has a nice alert warning us of imminent news releases.

Just copy the indicator to experts/indicator folder and drag onto your chart

All the data used comes form forexfactory

This is indicator is courtesy of the THV Cobra System

Maybe this can be useful to some people
Attached Image (click to enlarge)
Click to Enlarge Name: gbpusd 19 feb.gif Size: 30 KB
Attached File(s)
File Type: ex4 THV3 FFCal.ex4   33 KB | 460 downloads
  • #1,900
  • Feb 19, 2009 5:07am Feb 19, 2009 5:07am
a nice run up to the resistance...

Sonic
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