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Sonic R. System

  • #2,441
  • Edited 4:28pm Apr 6, 2009 4:14pm | Edited 4:28pm
EU H1 and M30 charts: The H1 shows PA at important S&R area (black line) after dropping down from Bear channel, this drop being only about half the potential drop based on run down from the previous Bear channel. The M30 chart shows PA within yet another Bear channel and just below a S&R area. Furthermore, the Bollinger Bands were recently "squeezed" and the breakout (down) from that squeeze is still in its infancy.....the Bear channel depicting the likely consolidation before another run down to higher fibonacci extensions levels based on the BB squeeze point......the 262% thru 424% being high probability targets.

My conclusion is that on these charts we could be seeing the playout of a major trend reversal from up to down.
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  • #2,442
  • Apr 6, 2009 8:19pm Apr 6, 2009 8:19pm
Quoting eternalrealm
Hmmm... This is what I got from EUR/JPY...
Descriptions will be posted on my blog about 18 hours later. Gonna rest and play games... Gd Nite to those who are still online....

Congrats....

http://star-ecentral.com/archives/20...e/p4Gurmit.jpg
  • #2,443
  • Edited 8:36pm Apr 6, 2009 8:23pm | Edited 8:36pm
Nice bounce from Support (see yellow box) with High Vol....
There is where one should TP for his short....

Too late to Short...to early for Long...and relax/enjoy and watch...

Sonic
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  • #2,444
  • Apr 6, 2009 9:42pm Apr 6, 2009 9:42pm
Quoting sonicdeejay
Nice bounce from Support (see yellow box) with High Vol....
There is where one should TP for his short....

Too late to Short...to early for Long...and relax/enjoy and watch...

Sonic
Sonic, I see from your last chart posted, you show the CCI on a "34" setting. I never understood why you had it set on "63" all this time before, and I believe I asked a few times why not "34" since your tradebands are based on 34ema. But now you have me thinking....

Using "63" is, well, off the wall so to speak. Using "34" is logical, but now that I think about it, it just says what the PA up and down thru the 34 ema tradeband says. So, why not set it at "89"....? I mean, you use the 89 moving average. And many atest to the validity of the 89 sma as a tried and proven line of demarcation between "long" territory and "short" territory. And, going back thru charts, it seems clear the best runs are those that break out of the 34 tradeband AND the 89 moving average.....that is to say that best/safest entry is when the PA clears BOTH. So, maybe setting the CCI to "89" is a tweak worth testing.....?
  • #2,445
  • Apr 6, 2009 11:38pm Apr 6, 2009 11:38pm
Quoting traderathome
Sonic, I see from your last chart posted, you show the CCI on a "34" setting....
Dear TAH,

Nice point u have there..
I pay most attention to wave analysis, S&R....
and I have few pcs at home...some set with CCi 63..and 34...
that y..the analysis chart CCI can vary as I use diff pcs to update,,,

Hope to see more chart set up and hear more winning trade fr u too...
Sonic
  • #2,446
  • Edited 8:42pm Apr 7, 2009 12:02am | Edited 8:42pm
Quoting sonicdeejay
Dear TAH,

Nice point u have there..
I pay most attention to wave analysis, S&R....
and I have few pcs at home...some set with CCi 63..and 34...
that y..the analysis chart CCI can vary as I use diff pcs to update,,,

Hope to see more chart set up and hear more winning trade fr u too...
Sonic
EU M15 chart now sporting a couple of Bear Channels, which is ideal consolidation before more downside movement. The 424% Bollinger band squeeze fib extension level is reachable about 160 or so pips down at 1.3210, or shall we say the whole number 1.3200 is potentially the next target?
Edit: EU subsequently struck a low of 1.3182
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  • #2,447
  • Apr 7, 2009 12:47am Apr 7, 2009 12:47am
Quoting traderathome
EU M15 chart now sporting a couple of Bear Channels, which is ideal consolidation before more downside movement. The 424% Bollinger band squeeze fib extension level is reachable about 160 or so pips down at 1.3210, or shall we say the whole number 1.3200 is potentially the next target?
do you only take trades outside the cloud?
The things that we love tell us what we are Thanks Redsword11 and Tim Morge
  • #2,448
  • Apr 7, 2009 1:05am Apr 7, 2009 1:05am
Quoting eaglestar
do you only take trades outside the cloud?
The clouds really have nothing to do with this nice Sonic Method, so don't get pre-occupied with them. Read the basics starting at post #1. This is a very good trading method, simple by design and should be kept that way.
  • #2,449
  • Apr 7, 2009 7:21am Apr 7, 2009 7:21am
I think we should use the std Sonic R template if we would like to post out chart in this thread so as not to confuse the new comers
May the pips be with me !!!
  • #2,450
  • Apr 7, 2009 1:35pm Apr 7, 2009 1:35pm
A Possible H&S Is Forming On E/J
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Trading methods are designed to put the odds in our favor, not predicting.
  • #2,451
  • Apr 8, 2009 2:16am Apr 8, 2009 2:16am
A surely going to 1.312x area...

Sonic
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  • #2,452
  • Apr 8, 2009 2:46am Apr 8, 2009 2:46am
au m15
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  • #2,453
  • Apr 8, 2009 3:02am Apr 8, 2009 3:02am
Quoting mphpopular
au m15
Looking like a M to me...

But do not forget about the upcoming News too...

Sonic
  • #2,454
  • Apr 8, 2009 4:14am Apr 8, 2009 4:14am
Quoting sonicdeejay
Looking like a M to me...

But do not forget about the upcoming News too...

Sonic

Hi Sonic

Just a question, when the is signal to enter the trade, you mention to wait for the candle close, then short or long few pips low/high of the candle.

1. When do we wait for the candle to close or always wait for the candle to close before enter trade?
2. When do we not wait for the candle to close we already enter the trade?
  • #2,455
  • Apr 8, 2009 6:52am Apr 8, 2009 6:52am
Quoting sonicdeejay
Congrats....

http://star-ecentral.com/archives/20...e/p4Gurmit.jpg
The mole seems to have enlarged on this pic...

Hmm... a little pips earned from Eur/Usd just now...
Description will be posted on my blog soon... Dinner time!!
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  • #2,456
  • Apr 8, 2009 9:55am Apr 8, 2009 9:55am
Quoting lingluvbos
Hi Sonic

Just a question, when the is signal to enter the trade, you mention to wait for the candle close, then short or long few pips low/high of the candle.

1. When do we wait for the candle to close or always wait for the candle to close before enter trade?
2. When do we not wait for the candle to close we already enter the trade?
Best practise, always wait for candle to CLOSE before enter a trade
May the pips be with me !!!
  • #2,457
  • Apr 8, 2009 10:08am Apr 8, 2009 10:08am
Quoting ahlude
Best practise, always wait for candle to CLOSE before enter a trade
I see, so that to confirm it is not false breakout.... thanks...
  • #2,458
  • Apr 8, 2009 8:24pm Apr 8, 2009 8:24pm
Quoting lingluvbos
Hi Sonic

Just a question, when the is signal to enter the trade, you mention to wait for the candle close, then short or long few pips low/high of the candle.

1. When do we wait for the candle to close or always wait for the candle to close before enter trade?
2. When do we not wait for the candle to close we already enter the trade?
A profitable trader take either one pos out of 3.

1. Long
2. Short
3. Waiting


Sonic
  • #2,459
  • Edited 9:02pm Apr 8, 2009 8:36pm | Edited 9:02pm
Quoting eternalrealm
The mole seems to have enlarged on this pic...

Hmm... a little pips earned from Eur/Usd just now...
Description will be posted on my blog soon... Dinner time!!

http://www.forexfactory.com/attachme...1&d=1239191550
I guess ur 2nd TP hit too....
I shall say ur improvment is nicely guided by zuya and jeff right??

http://i263.photobucket.com/albums/i...u/098ece7a.jpg

Sonic
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  • #2,460
  • Apr 10, 2009 2:16am Apr 10, 2009 2:16am
EU M30 chart: Bear Channels seem to be the name of the game with it of late........
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