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Sonic R. System

  • #2,141
  • Edited 4:50am Mar 8, 2009 4:15am | Edited 4:50am
This one is Smack Down....
Bravo Jon and Rick.....

Jon Stewart Eviscerates CNBC and Rick Santelli - March 4, 2009


Inserted Video


Sonic
  • #2,142
  • Mar 9, 2009 12:06am Mar 9, 2009 12:06am
Hi bro

I have enter a trade base on what I learn from the forum, not sure if I interpret correctly and enter correctly, need advice if my EP, SL, TP is correct...

I see that the H1 is going down, so enter base on M5... sorry if I use the system wrongly
http://i41.tinypic.com/2rmxncg.jpg
http://i39.tinypic.com/27x8iu.jpg
  • #2,143
  • Edited 6:21am Mar 9, 2009 6:09am | Edited 6:21am
Hi all !

Sonic, please, make some comments about my chart, does it correct EP?
Attached Image (click to enlarge)
Click to Enlarge Name: eu.jpg Size: 169 KB
  • #2,144
  • Mar 9, 2009 7:33am Mar 9, 2009 7:33am
GBP/USD just crashed....
I am still holding...


Sonic
Attached Image (click to enlarge)
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  • #2,145
  • Mar 9, 2009 7:34am Mar 9, 2009 7:34am
Quoting 4newbie
Hi all !

Sonic, please, make some comments about my chart, does it correct EP?
as least move ur SL to BE now...

Sonic
  • #2,146
  • Mar 9, 2009 7:36am Mar 9, 2009 7:36am
Quoting lingluvbos
Hi bro

I have enter a trade base on what I learn from the forum, not sure if I interpret correctly and enter correctly, need advice if my EP, SL, TP is correct...

I see that the H1 is going down, so enter base on M5... sorry if I use the system wrongly
http://i41.tinypic.com/2rmxncg.jpg
http://i39.tinypic.com/27x8iu.jpg

I am quite sure ur GBP/USD tgt hit...

Sonic
  • #2,147
  • Mar 9, 2009 7:57am Mar 9, 2009 7:57am
EJ H4.. comment ?
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  • #2,148
  • Mar 9, 2009 8:06am Mar 9, 2009 8:06am
Quoting cfp85
EJ H4.. comment ?
Attachment
Short for sure...

Since ur on H4..I suggest u trade with small lot...As ur SL and TP will be wide...

Sonic
  • #2,149
  • Mar 9, 2009 8:13am Mar 9, 2009 8:13am
Quoting sonicdeejay
I am quite sure ur GBP/USD tgt hit...

Sonic

Yes yes, it hit my TP, but it rebounded and crash, I miss it because I was working.

So did I enter my TP wrongly?
  • #2,150
  • Mar 9, 2009 8:27am Mar 9, 2009 8:27am
H4 chart just for guide on the overall trend.. i trade on M15 ..
  • #2,151
  • Mar 9, 2009 8:27am Mar 9, 2009 8:27am
Short EU @ 1.2636 (6.20am GMT) TP @ 1.2540, SL shifted +30pips
reason: Broke out of my TL with wave analysis valid.

Short AU @ 0.6370 (0.09am GMT) TP @ 0.6300, SL shifted BE
reason: Double top, broke out of my TL with wave analysis

Long UJ @ 98.62 (7.43am GMT) TP @ 99.70, SL shifted BE
reason: Broke out of today top with wave analysis

All positions are closed 50% at the moment.

Attached are the screenshots for my trade.
Attached Image(s) (click to enlarge)
Click to Enlarge Name: eurusd-0903.jpg Size: 161 KB
Click to Enlarge Name: audusd-0903.jpg Size: 172 KB
Click to Enlarge Name: usdjpy-0903.jpg Size: 164 KB
Click to Enlarge Name: statement-0903.jpg Size: 41 KB
May the pips be with me !!!
  • #2,152
  • Mar 9, 2009 5:24pm Mar 9, 2009 5:24pm
EJ is a trade now, IMHO
Attached Image (click to enlarge)
Click to Enlarge Name: screenshot # 49.gif Size: 56 KB
  • #2,153
  • Mar 9, 2009 8:51pm Mar 9, 2009 8:51pm
Quoting traderathome
EJ is a trade now, IMHO
Hi,

As i used 200 EMA as a guide line, thus i feel very uncomfortable to short EJ at your entry price as it was above the 200EMA. Just my opinion
May the pips be with me !!!
  • #2,154
  • Mar 9, 2009 9:07pm Mar 9, 2009 9:07pm
Quoting ahlude
Hi,

As i used 200 EMA as a guide line, thus i feel very uncomfortable to short EJ at your entry price as it was above the 200EMA. Just my opinion
Ahlude,
would you plz give us a clue about how to use 200 EMA as a guide?
You can't have everything... where would you put it?
  • #2,155
  • Mar 9, 2009 9:14pm Mar 9, 2009 9:14pm
Quoting Facti
Ahlude,
would you plz give us a clue about how to use 200 EMA as a guide?
Hi,

I would sell only price is below 200EMA and vice versa. I think Bro Sonic uses 89EMA as his guide line but not sure if he is using it the same method like me. However, If the setup is there for a long but price is under 200EMA, my TP will have to be small amount.
May the pips be with me !!!
  • #2,156
  • Mar 9, 2009 9:21pm Mar 9, 2009 9:21pm
Quoting ahlude
Hi,

I would sell only price is below 200EMA and vice versa. I think Bro Sonic uses 89EMA as his guide line but not sure if he is using it the same method like me. However, If the setup is there for a long but price is under 200EMA, my TP will have to be small amount.
thanks a lot brother
I'll add it and will try, I hope you have a good trading week.
You can't have everything... where would you put it?
  • #2,157
  • Mar 9, 2009 10:12pm Mar 9, 2009 10:12pm
Quoting ahlude
Hi,

As i used 200 EMA as a guide line, thus i feel very uncomfortable to short EJ at your entry price as it was above the 200EMA. Just my opinion
Yep. Looks like a really bad call. It happens. If it turns, not so bad, as then it surely would proceed lower. But at this point, the way it now looks, quite a bit more upside is possible while remaining in a trend.

The asian session has its moments of starting off driving the PA in one direction, just to posture for position building when they and the euro traders slam it into reverse.

So, will it continue up thru the session, or is it manipulation for position building at the top before it gets slammed?

We call them like we see them at the time, but professional traders can, on a dime, make our calls bad. One thing is certain, the PA goes up and down all the time, whether ranging or trending. In time, a lot of bad calls turn out to be ok.
  • #2,158
  • Mar 9, 2009 10:27pm Mar 9, 2009 10:27pm
Quoting traderathome
Yep. Looks like a really bad call. It happens. If it turns, not so bad, as then it surely would proceed lower. But at this point, the way it now looks, quite a bit more upside is possible while remaining in a trend.

The asian session has its moments of starting off driving the PA in one direction, just to posture for position building when they and the euro traders slam it into reverse.

So, will it continue up thru the session, or is it manipulation for position building at the top before it gets slammed?

We call them like we see them at...
Hi,

If you plot your fibo from ytd high/low, you will notice that the price you enter is near 76% which is very ricky to enter a trade. I believe you will not enter the trade if you would have waited for another candle to form cos price closed above 76% and went up back.
Attached Image (click to enlarge)
Click to Enlarge Name: ej.jpg Size: 171 KB
May the pips be with me !!!
  • #2,159
  • Mar 9, 2009 10:38pm Mar 9, 2009 10:38pm
Here's my view on some of the current pairs i am trading.

EURUSD - Price is heading to 76% (1.2690), if it closed above it, we should be seeing a bullish day today, wait for a pull back above 76% then go in for a long. Immediate resistance is at 1.2730 (ard ytd high)

GBPUSD - Price might retrace back to at least 38% and turn from there towards south else 50% will be the next target for long. Immediate support 1.3740 (ytd low)

EURJPY - on the daily chart, price will explode soon from the closing wedge, price currently is trying to test ytd high, might go both direction. No clear direction yet at the movement but will have some resistance at 126.50.

AUDUSD - Price is doing retracement and heading to 61% and there is some resistance at 0.690. I'll wait for a signal to go short.

Your call Trade safely !
May the pips be with me !!!
  • #2,160
  • Edited Mar 10, 2009 12:10am Mar 9, 2009 11:56pm | Edited Mar 10, 2009 12:10am
Quoting ahlude
Hi,

If you plot your fibo from ytd high/low, you will notice that the price you enter is near 76% which is very ricky to enter a trade. I believe you will not enter the trade if you would have waited for another candle to form cos price closed above 76% and went up back.
Hi Bro ahlude

Is 76% very important in deciding the turning point or break through? What I mean is, is 76% more important than others like 61.8, 38.2? Just to understand...

And you mention you use 200 EMA to determine the risk of short or long. Do you use 200 EMA for all time frame, H1, M15, M5?


1 more question need your help

As the GBPJPY had trend down strongly yesterday, and sort of consolidate at the day low. How to look for oppotunity to trade long or short? Especially it form a big gap after yesterday down trend... Do you still look at this pair or go on to the next pair? Or if there is another way of trading this pattern?

What I was thinking is to trade rebound, but not sure if I am right, and not sure the EP, SL, TP also...

http://i42.tinypic.com/wi3eyx.jpg
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