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Sonic R. System

  • #2,101
  • Mar 5, 2009 4:59am Mar 5, 2009 4:59am
Hi ahlude
tks 4 your contribution ...
Can u explain why we should place our SL above H and not above
the last high (Low high).
Tks
David

Quoting ahlude
Hi,

I think you entered too early again. By right your trade should trigger at 1.2576 based on 10pips low of "L" at 1.2586. Your SL should be around 10pips high of "H". TP you can set at 1.2510, slight higher at S1.

Do correct me if i am wrong anyone?
  • #2,102
  • Mar 5, 2009 5:15am Mar 5, 2009 5:15am

  1. find a wave High-Low-Higher Low for sell and vice versa for buy ...
  2. pending order 3-6pips below the Low according to sonic but i usually use 10
  3. SL is put at the High (theres no rule about 10 pips above) or closest resistance line..use the high as the SL is sufficient enough. the reason is, to give the price space to move. Using the Higher Low point is too tight and might hit when the price have a quick retrace and it usually does when beginning of a trade.
  4. TP usually previous day low or support point either R2 or R3.
  5. When using red to blue/green dot at the CCI, it usually used for Re-entry and with a tight stop loss. The high of 36EMA is a good spot for stop loss.

  • #2,103
  • Mar 5, 2009 6:55am Mar 5, 2009 6:55am
Quoting sonicdeejay
Welcome... Glass...

Know the rule here?? No pic no talk...
http://i254.photobucket.com/albums/h...t/DomoNPNT.jpg


Cheers,

Sonic
Hi Sonic,

I finally pushed the button today. Please advise if my entry was wrong. I based my stop loss and took profit small. First time I tried your way. Appreciate your opinion.

Thanks.
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  • #2,104
  • Mar 5, 2009 7:18am Mar 5, 2009 7:18am
Quoting pj9100
Hi Sonic,

I finally pushed the button today. Please advise if my entry was wrong. I based my stop loss and took profit small. First time I tried your way. Appreciate your opinion.

Thanks.
Nice entry,,buddy
  • #2,105
  • Mar 5, 2009 7:20am Mar 5, 2009 7:20am
check sonic
qqe check
lcd check
cci check wave check


also news check .....US any true advice is it right or hold due to news
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FxHome
  • #2,106
  • Mar 5, 2009 7:21am Mar 5, 2009 7:21am
Quoting cfp85
[list][*]find a wave High-Low-Higher Low for sell and vice versa for buy ...[*]pending order 3-6pips below the Low according to sonic but i usually use 10[*]SL is put at the High (theres no rule about 10 pips above) or closest resistance line..use the high as the SL is sufficient enough. the reason is, to give the price space to move. Using the Higher Low point is too tight and might hit when the price have a quick retrace and it usually does when beginning of a trade.[*]TP usually previous day low or support point...
"find a wave High-Low-Higher Low for sell and vice versa for buy ... "

Incorrect. Correct: H-L-LH-LL for sell, and L-H-HL-HH for buy.
  • #2,107
  • Mar 5, 2009 7:48am Mar 5, 2009 7:48am
Quoting pj9100
Hi Sonic,

I finally pushed the button today. Please advise if my entry was wrong. I based my stop loss and took profit small. First time I tried your way. Appreciate your opinion.

Thanks.
Hello Sir, I am new here. can you tell me your trade please as it is not clear which pair n at what price you took that trade?
Thanks.
  • #2,108
  • Mar 5, 2009 8:01am Mar 5, 2009 8:01am
Quoting traderathome
"find a wave High-Low-Higher Low for sell and vice versa for buy ... "

Incorrect. Correct: H-L-LH-LL for sell, and L-H-HL-HH for buy.
i dont use 4th wave line .. and ... why lower high ? aint lower high supposed to be a lower point coming from the high point ?..
  • #2,109
  • Mar 5, 2009 8:38am Mar 5, 2009 8:38am
just closed it

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  • #2,110
  • Mar 5, 2009 9:09am Mar 5, 2009 9:09am
Quoting cfp85
i dont use 4th wave line .. and ... why lower high ? aint lower high supposed to be a lower point coming from the high point ?..
Ideally, you want to see lower highs and lower lows (at least two each), providing conviction of a downward move for your short trade. In the same way, ideally you want to see higher highs and higher lows (at least two each), providing conviction of an upward move for your entry long.
  • #2,111
  • Mar 5, 2009 9:21am Mar 5, 2009 9:21am
Quoting cfp85
i dont use 4th wave line .. and ... why lower high ? aint lower high supposed to be a lower point coming from the high point ?..
Here is example of long trade opportunity on H1 chart showing L-H-HL-HH....
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  • #2,112
  • Mar 5, 2009 9:46am Mar 5, 2009 9:46am
Quoting cfp85
[list][*]find a wave High-Low-Higher Low for sell and vice versa for buy ...[*]pending order 3-6pips below the Low according to sonic but i usually use 10[*]SL is put at the High (theres no rule about 10 pips above) or closest resistance line..use the high as the SL is sufficient enough. the reason is, to give the price space to move. Using the Higher Low point is too tight and might hit when the price have a quick retrace and it usually does when beginning of a trade.[*]TP usually previous day low or support point...

thks ahlude and cfp..now i got the rules clearly after the bold statement and some pics, and will try it on he next setup ( if there are any at this moment.. ) nad continue to ctach up with you guys

max
  • #2,113
  • Mar 5, 2009 10:23am Mar 5, 2009 10:23am
Quoting Maxoxide
thks ahlude and cfp..now i got the rules clearly after the bold statement and some pics, and will try it on he next setup ( if there are any at this moment.. ) nad continue to ctach up with you guys

max
No worries, let learn together
May the pips be with me !!!
  • #2,114
  • Mar 5, 2009 10:47am Mar 5, 2009 10:47am
success trad today now i m cover my loss which i got g/u -60 above 100+ now sonic and alud check and some comments ........ok alud if u dont mind tell me about wat is M1 M2 M3 or any notes if u have ....thnx

thnx sonic 4 your great system
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FxHome
  • #2,115
  • Mar 5, 2009 10:51am Mar 5, 2009 10:51am
and also i learning back treads of sonic sysR page 90 now i m learning
FxHome
  • #2,116
  • Mar 5, 2009 12:37pm Mar 5, 2009 12:37pm
EU may present an opportuniy.....
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  • #2,117
  • Mar 5, 2009 1:44pm Mar 5, 2009 1:44pm
Quoting traderathome
EU may present an opportuniy.....
yeah, im watching that trade also mate...but it didnt take off as we wish for and right now it moves sideway dont know where to go..

off to the bed now..

Max
  • #2,118
  • Mar 5, 2009 6:24pm Mar 5, 2009 6:24pm
Asian Session, but thought I'd play. Long @ 1.4144 / SL @1.4088 / TP @ 1.4200
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  • #2,119
  • Mar 5, 2009 7:27pm Mar 5, 2009 7:27pm
Quoting david4u
Hi ahlude
tks 4 your contribution ...
Can u explain why we should place our SL above H and not above
the last high (Low high).
Tks
David
Hi David,

Like what cpf85 had said, it is more market movement. If your money management is calculated properly, i beleive it would to take the risk. My RRR is normally 1:2 thus it is really depend on how you set your SL also do take into consideration of price action too.

Cheers,
Terence
May the pips be with me !!!
  • #2,120
  • Mar 5, 2009 7:34pm Mar 5, 2009 7:34pm
Quoting nickj
Asian Session, but thought I'd play. Long @ 1.4144 / SL @1.4088 / TP @ 1.4200
Hi,

If you were to set your TP at 1.4200, that will be above 76% fibo from the recent swing. I would recommend you to monitor it closely as price might retrace at 76%. If it can close above 76% (1.4190), i would recommend a move of your SL to at least 61% and close half position. I doubt it will move that much as we have NFP coming on today. Just my opinion. Trade safely.
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May the pips be with me !!!
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