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Sonic R. System

  • #2,201
  • Mar 12, 2009 4:49am Mar 12, 2009 4:49am
Quoting ahlude
Hi,

Correct me if i am wrong, the H&S doesn't look valid as the left S is higher than the head.
Actually, both "S's" are higher than the "H", so if not a H&S, a Triple Top?
  • #2,202
  • Mar 12, 2009 5:10am Mar 12, 2009 5:10am
Quoting traderathome
Actually, both "S's" are higher than the "H", so if not a H&S, a Triple Top?
Hi,

I would consider a double/triple top if the candle are down closed (red candle) else it doesn't valid for me. Not sure if others have the same theory as i understand. What about your view?
Attached Image (click to enlarge)
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May the pips be with me !!!
  • #2,203
  • Mar 12, 2009 7:08am Mar 12, 2009 7:08am
In longer TF...I am bit bullish of Eu as long as 1.275x hold...

Sonic
  • #2,204
  • Mar 12, 2009 9:11am Mar 12, 2009 9:11am
Quoting sonicdeejay
Here is the sample trades last nite..


White :::: Open positions
Red::: SL line
Blue/Lite Blue :::: TP, Close positions


Sonic
Hi i see that the price of your chart is in 4 decimals places, eg. 1.2345.

i am using Fxpro Mt4. mine price have 5 decimals places. eg. 1.23456.

is there anyway to change it to 4 decimal places?
  • #2,205
  • Mar 12, 2009 9:54am Mar 12, 2009 9:54am
Quoting Chisan
Hi i see that the price of your chart is in 4 decimals places, eg. 1.2345.

i am using Fxpro Mt4. mine price have 5 decimals places. eg. 1.23456.

is there anyway to change it to 4 decimal places?
That is by your broker. Cant change it.
  • #2,206
  • Mar 12, 2009 10:06am Mar 12, 2009 10:06am
Quoting mphpopular
That is by your broker. Cant change it.
thank you.....
  • #2,207
  • Mar 12, 2009 10:07am Mar 12, 2009 10:07am
hi sonic, when you meant place buy stop few pips above the candle that is out of the 34 ema, you meant the above the full candle + the wick?

or the full candle only ignoring the wick
  • #2,208
  • Mar 12, 2009 8:08pm Mar 12, 2009 8:08pm
Quoting Chisan
hi sonic, when you meant place buy stop few pips above the candle that is out of the 34 ema, you meant the above the full candle + the wick?

or the full candle only ignoring the wick
Hi,

It is high of the wick for buy and low of the wick for sell
May the pips be with me !!!
  • #2,209
  • Mar 13, 2009 2:03am Mar 13, 2009 2:03am
hi all,

i'm in this trade. you can see my entry point and Sl. still not decide on my TP. yesterday's ;ow would be too far. maybe 1.2800 would be the best choice.

any comment?
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  • #2,210
  • Mar 13, 2009 3:32am Mar 13, 2009 3:32am
Quoting sorsurus
hi all,

i'm in this trade. you can see my entry point and Sl. still not decide on my TP. yesterday's ;ow would be too far. maybe 1.2800 would be the best choice.

any comment?
Euro has been bullish for the past few days, do watch ur trade closely.
May the pips be with me !!!
  • #2,211
  • Mar 13, 2009 3:41am Mar 13, 2009 3:41am
Long EJ @ 0731hrs GMT due to the break out of a small H&S formed. I was abit conservative of the entry price thus i set it slight high above today's high with all conditions checked.

Currently close 50% of my trade & shifted SL to +20pips. TP will be 128.00
Attached Image (click to enlarge)
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May the pips be with me !!!
  • #2,212
  • Mar 13, 2009 3:57am Mar 13, 2009 3:57am
I took an agressive Long on UJ @ 0506hrs GMT with wave analysis and all conditions checked. TP was set at near ytd high at 98.50 and hit at 0847hrs GMT. 68pips for this trade
Attached Image (click to enlarge)
Click to Enlarge Name: usdjpy-1303.jpg Size: 155 KB
May the pips be with me !!!
  • #2,213
  • Mar 13, 2009 10:08am Mar 13, 2009 10:08am
Quoting ahlude
Long EJ @ 0731hrs GMT due to the break out of a small H&S formed. I was abit conservative of the entry price thus i set it slight high above today's high with all conditions checked.

Currently close 50% of my trade & shifted SL to +20pips. TP will be 128.00
Trade closed with +50pips after shifting SL.
Attached Image (click to enlarge)
Click to Enlarge Name: eurjpy-1303.jpg Size: 170 KB
May the pips be with me !!!
  • #2,214
  • Mar 13, 2009 1:20pm Mar 13, 2009 1:20pm
treat me pips ahlude, since all ur trades was profitable..

just wondering when comes the time im gonna be like you bro..
  • #2,215
  • Mar 13, 2009 8:34pm Mar 13, 2009 8:34pm
Quoting Maxoxide
treat me pips ahlude, since all ur trades was profitable..

just wondering when comes the time im gonna be like you bro..
Hi Max,

I do have failed trade too as i believe you cant be always winning 100%. However, overall winning percentage must be at least twice your failed % as i always try to have at least a min RRR of 1:2.

You do need a plan to trade forex. Just like ytd, after winning 3 trades, i don't bother to look at the chart anymore. I just go and do my own things becos greed is the main enemy followed by your emotional feeling then your fear. In order to counter all these feelings, you need to come out with a system yourself. Sonic has done great by providing us all his trading strategies, some might gain from it while some don't as we see thing differently. I do use Sonic R with a little extra method of my own which created my own trading method. I dont normally do demo becos you cant have the feel of emotional & fear from it. Thus, i trade live acct but with very small lots while doing some testing of strategy. I hope you can have your own system oneday.

Last but not least, remember to always use fibonacci as it is a very power tool in forex. You can use it to determine your TP & SL.

Trade safely.
May the pips be with me !!!
  • #2,216
  • Mar 14, 2009 7:24pm Mar 14, 2009 7:24pm
Quoting Chisan
hi sonic, when you meant place buy stop few pips above the candle that is out of the 34 ema, you meant the above the full candle + the wick?

or the full candle only ignoring the wick

It should be full candle + a wick...

Sonic
  • #2,217
  • Mar 16, 2009 5:18am Mar 16, 2009 5:18am
Long EJ @ 0701hrs GMT based on Wave analysis & all condition checked. Entry price was at 127.00, SL currently at +30pips with 50% of the trade closed manually at 127.60 (closed to friday's high) and my TP is set to 128.00

Need to close above 127.96 (38% extention) before my TP will be hit
Attached Image (click to enlarge)
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May the pips be with me !!!
  • #2,218
  • Mar 16, 2009 7:35am Mar 16, 2009 7:35am
Quoting ahlude
Long EJ @ 0701hrs GMT based on Wave analysis & all condition checked. Entry price was at 127.00, SL currently at +30pips with 50% of the trade closed manually at 127.60 (closed to friday's high) and my TP is set to 128.00

Need to close above 127.96 (38% extention) before my TP will be hit

Nice Trade - great way to start the week.
  • #2,219
  • Edited 8:32am Mar 16, 2009 8:05am | Edited 8:32am
Nice trade I had...Well.. as u can see

I was tempted to take TP @ 1.30xx but i let it run abit further...
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  • #2,220
  • Mar 16, 2009 8:34am Mar 16, 2009 8:34am
Hi everyone , this is a great thread i am really getting a lot out of it. thanks for sharing sonic. my problem is i live in florida and all the good trades happen when im sleeping
I noticed this trade on the eu it happened at about 2 am my time so i missed it. would this have been a perfect entry? if not why.

Im thinking the 2nd red vert line would be the entry since the first only broke by 5 pips. Also the qqe and cci were not pointing up until the close of the 1st vert line.

Let me know if i am right and if you would have taken this trade sonic, or anyone else that has been trading this system.

[IMG]file:///C:/Documents%20and%20Settings/Owner/My%20Documents/My%20Videos/eu1.gif[/IMG]
Attached Image
Nick
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