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Sonic R. System

  • #2,061
  • Mar 3, 2009 8:18am Mar 3, 2009 8:18am
Quoting emacro
5 min chart?
I use 15 M ,...as I am comfy with the TF>...
  • #2,062
  • Mar 3, 2009 8:28am Mar 3, 2009 8:28am
Quoting ahlude
BE = Break Even = Entry Price


http://www.forexfactory.com/nfs/cust...tar17208_2.gif


Bro...ur avater is IB...(Inside Bar)..

Sonic
  • #2,063
  • Mar 3, 2009 8:52am Mar 3, 2009 8:52am
Quoting sonicdeejay
Picture speaks....

Move ur SL to BE..at least...ur trade is at least BE now..

Sonic
Sonic, what indicator is displaying the pair of light green sloped lines? I have the magenta pair, but not the light green pair. Also, what pivots indy are you using.....here too my numbers are not the same as yours. Thank you for responding as soon as you have a chance to.
  • #2,064
  • Mar 3, 2009 9:03am Mar 3, 2009 9:03am
Quoting sonicdeejay
I use 15 M ,...as I am comfy with the TF>...
Reentry stops are tighter?
  • #2,065
  • Mar 3, 2009 9:42am Mar 3, 2009 9:42am
went out awhile and found out that my trade didnt hit TP at R3 level.

i was wrong not to see that M3 is a strong resistance level, so i took what left on the table +40 pips and im happy bout that. it looks like the price going up to test M3 level once again.

thks sonic for sharing a great system .. continue to learning even though still make here and there mistakes.

white line = Trade out
blue line = target TP
Attached Image (click to enlarge)
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  • #2,066
  • Mar 3, 2009 10:05am Mar 3, 2009 10:05am
Quoting traderathome
Sonic, what indicator is displaying the pair of light green sloped lines? I have the magenta pair, but not the light green pair. Also, what pivots indy are you using.....here too my numbers are not the same as yours. Thank you for responding as soon as you have a chance to.
I am new here but have read everything and installed the tpl & indi . Not
sure if this is what you mean but the colors change as I change T/F . 15
min is light green , 5 min is light blue , 1 hr is magenta .
BTW I notice you and sonic have different volume indi`s . Am I correct in
assuming volume only comes from your broker data ? If so how valuable is
this in your decision process ?
Sonic - thanks much for doing this , I am demoing it now . Will post when
I have something to show .
glass
  • #2,067
  • Mar 3, 2009 7:28pm Mar 3, 2009 7:28pm
Quoting sonicdeejay
http://www.forexfactory.com/nfs/cust...tar17208_2.gif


Bro...ur avater is IB...(Inside Bar)..

Sonic
Yo Bro,

Yes, how's your new job? Become Mr Sun Tan liao bo? hehe
May the pips be with me !!!
  • #2,068
  • Mar 3, 2009 7:32pm Mar 3, 2009 7:32pm
Quoting traderathome
Sonic, what indicator is displaying the pair of light green sloped lines? I have the magenta pair, but not the light green pair. Also, what pivots indy are you using.....here too my numbers are not the same as yours. Thank you for responding as soon as you have a chance to.
Hi,

If i am not wrong, Bro Sonic is using 2 SHI Channel indicators with 2 different TF.
May the pips be with me !!!
  • #2,069
  • Mar 3, 2009 7:59pm Mar 3, 2009 7:59pm
We have a double bottom for GU at the moment with her doing retracement up. If you were to trade during asian time, do note of your TP if you are going for a short. TP should be ard the double bottom pricing. Trade safetly
Attached Image (click to enlarge)
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May the pips be with me !!!
  • #2,070
  • Mar 3, 2009 8:13pm Mar 3, 2009 8:13pm
I need some advice to use the system.

I very confuse to use the system due to many variable indicator need to be looking at.

Can you give a step 1,2,3 when looking all indicator on the templeted.

How sure that after white line the price will be sell or buy and profitable?

How if I already late and not there at the time the price already break the line? Are I am depending to the purple colour or waiting for the price bounce back?

Thanks for your help


Quoting sonicdeejay
GBP/USD 15M trade...

Bagged a near +140 pips....

The Angle looks OK...

So, wait for the breakout.
Break out at point 1. Stoch doesn't favour. Wait till it ends (If u chase, u will get caught here).. Put a "Buy Stop" with few pips above it @white line 1. I like number like .7 or .4 ...
The order doesn't get taken and price swing back.

Break out again at point 2,I put the buy stop at white line 2.

SL @ upper red line. Sometimes, I'd put SL @ t lower red line as it is a nice Support level and defintely withstand from normal whipp....
  • #2,071
  • Mar 3, 2009 8:27pm Mar 3, 2009 8:27pm
Quoting hafizal79
I need some advice to use the system.

I very confuse to use the system due to many variable indicator need to be looking at.

Can you give a step 1,2,3 when looking all indicator on the templeted.

How sure that after white line the price will be sell or buy and profitable?

How if I already late and not there at the time the price already break the line? Are I am depending to the purple colour or waiting for the price bounce back? If you still have doubt, do try out in demo first and post your chart so that we can assist you from there.

Thanks for your help
Hi,

I believe there are alot of examples in this thread which can help you clear your doubt. Do make some effort to browse thru all the pages. It will definately help you to understand this method faster.
May the pips be with me !!!
  • #2,072
  • Mar 4, 2009 12:36am Mar 4, 2009 12:36am
Quoting ahlude
Hi,

If i am not wrong, Bro Sonic is using 2 SHI Channel indicators with 2 different TF.
The SHI Channel indicator displays only one trend set of lines. It has a setting of 240 bars. Increasing/decreasing this bar count only serves to extend or shorten the set of trend lines.....it does serve to compute possibly a different trend based on greater/fewer bars! Therefore, adding more such indicators to the same chart will not produce different sets of trend lines, no matter how you change the bars counted.

No, he must be using a different indy along with the SHI Channel indy. Anyway, I asked him to state what he is using. So, lets find out with his reply.
  • #2,073
  • Mar 4, 2009 12:47am Mar 4, 2009 12:47am
EJ popping, and a sustained push could take PA to next whole # 124.00, and with pullbacks, maybe a trend change?
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  • #2,074
  • Mar 4, 2009 1:25am Mar 4, 2009 1:25am
just need confermation that my EP is right
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FxHome
  • #2,075
  • Mar 4, 2009 1:26am Mar 4, 2009 1:26am
Blue marks a good entry per system.....up thru band and then some pullback (for entry), then the push up. Marked two targets with red.

Edit: Added H1 chart. You can see the targets are both well within reason and would be met if run eventually gets to upper trendline....
Attached Image(s) (click to enlarge)
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Click to Enlarge Name: screenshot # 41.gif Size: 46 KB
  • #2,076
  • Mar 4, 2009 1:29am Mar 4, 2009 1:29am
qqe check
cci check
lcd check cabdle closa check
now u check finaly
FxHome
  • #2,077
  • Mar 4, 2009 1:59am Mar 4, 2009 1:59am
EU is at good entry now......
Attached Image (click to enlarge)
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  • #2,078
  • Mar 4, 2009 2:24am Mar 4, 2009 2:24am
got my terget 80 pips ....
FxHome
  • #2,079
  • Mar 4, 2009 4:12am Mar 4, 2009 4:12am
Quoting Muhammad989
got my terget 80 pips ....
http://www.forexfactory.com/attachme...1&d=1236151462


Well..u got urself..answered...

Sonic
  • #2,080
  • Mar 4, 2009 4:29am Mar 4, 2009 4:29am
thnx its aal about u bcoz u did a lot of work of this system ...thnx again
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sonicdeejay