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Sonic R. System

  • #2,761
  • May 11, 2009 9:25pm May 11, 2009 9:25pm
AUD/USD

If you look at 4H chart,current downtrend in 15m chart is just a retracement. If you look at 15m chart, noticed that the LH is running out of gas. Maybe it is time to look for long trade. Just my two cents.
Attached Image(s) (click to enlarge)
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  • #2,762
  • May 11, 2009 9:51pm May 11, 2009 9:51pm
Quoting bulkbiz
AUD/USD

If you look at 4H chart,current downtrend in 15m chart is just a retracement. If you look at 15m chart, noticed that the LH is running out of gas. Maybe it is time to look for long trade. Just my two cents.
According to PA...4H TF
look like a hammer in a making....which can be a nice LONG set up (J16 style) wait for it to finish it candle to be sure...
http://www.forexfactory.com/attachme...0&d=1242095140

Sonic
  • #2,763
  • May 11, 2009 11:37pm May 11, 2009 11:37pm
Engine start?
Attached Image (click to enlarge)
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  • #2,764
  • May 12, 2009 12:50am May 12, 2009 12:50am
Hello Sonic and Others,

I read the first 17 pages of the thread and then jumped to the end and read about the last 15 pages.

From what I gather, there weren't any changes to the system in the middle unread pages, but I just want to verify. If those pages simply contain more examples of the trades taken, I think I can live without reading all of those.

But please let me know if there is important hidden information in there that merits reading.

As far as the system goes, sure seems like a winner, provided the Trader uses a bit of common sense regarding entries. At this point my main question relates to trading with the trend - always recommended by the "pros" (whomever they might be ). But I've noticed a bunch of examples were CT trades were taken. Can anyone please comment on that - i.e. any subtle changes to the methodology in those cases.

Anxious to get started with the system. Thanks to everyone who has moved this forward.

Regards,
Doc
  • #2,765
  • May 12, 2009 2:30am May 12, 2009 2:30am
My buy stop triggered. Wish me good luck.
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  • #2,766
  • Edited 3:06am May 12, 2009 2:45am | Edited 3:06am
Quoting bulkbiz
My buy stop triggered. Wish me good luck.
why u didn't buy @ 0.760x....
it is above EMA line...

Anyway..manage well..and all t best..
Sonic
  • #2,767
  • May 12, 2009 3:15am May 12, 2009 3:15am
SL @ BE
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Trading methods are designed to put the odds in our favor, not predicting.
  • #2,768
  • May 12, 2009 3:47am May 12, 2009 3:47am
Quoting sonicdeejay
why u didn't buy @ 0.760x....
it is above EMA line...

Anyway..manage well..and all t best..
Sonic
Hi Sonic,

I know what you mean, the reason is i want confirmation that the price is going up, that is why i place my buy stop above the previous high. I have some bad experience where the price is going sideways. It is abit conservative, but should be fine because normally I aim small TP.

Btw, I just TP, another 3% increase to my capital
  • #2,769
  • May 12, 2009 4:13am May 12, 2009 4:13am
Quoting bulkbiz

Btw, I just TP, another 3% increase to my capital

Good Job...

Sonic

http://media.giantbomb.com/uploads/0...anip_super.jpg
  • #2,770
  • May 12, 2009 4:19am May 12, 2009 4:19am
Quoting Basber
SL @ BE
Target Hit, +50 Pips
Trading methods are designed to put the odds in our favor, not predicting.
  • #2,771
  • May 12, 2009 5:38am May 12, 2009 5:38am
General Trend Down. Went Short After A Correction.
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Trading methods are designed to put the odds in our favor, not predicting.
  • #2,772
  • May 12, 2009 6:45am May 12, 2009 6:45am
Quoting Basber
General Trend Down. Went Short After A Correction.
Target Hit, +32 Pips
Trading methods are designed to put the odds in our favor, not predicting.
  • #2,773
  • Edited 11:00am May 12, 2009 10:29am | Edited 11:00am
EU M15 Chart: It was severly whipsawed in last 30 minutes. Not only that, but the largest part of the volume spike occurred AFTER the PA was driven back to the highs! So, imho, they stabbed it up again to put on more shorts, in preparation for it to be dumped. Well, yes, it remains to be seen........

Edit: Add H4 chart showing what may turn out to be a Double Top.
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  • #2,774
  • May 12, 2009 12:54pm May 12, 2009 12:54pm
Quoting DocPMD
Hello Sonic and Others,

I read the first 17 pages of the thread and then jumped to the end and read about the last 15 pages.

From what I gather, there weren't any changes to the system in the middle unread pages, but I just want to verify....
OK - I fully expected to get flamed for being lazy, but not ignored! Deserved, I suppose. I will start to read through the entire thread unless someone chimes in suggesting a more efficient way.

Doc
  • #2,775
  • May 12, 2009 12:59pm May 12, 2009 12:59pm
Quoting bulkbiz
My buy stop triggered. Wish me good luck.
bulkbiz,

Referring to your chart in post #2765, it appears that there were two long breakouts prior to the one you had taken that would have ended up losers. Your chart doesn't show the other indicators, so I couldn't tell if they were not taken because the other confirmation was not there (or maybe they were taken for losses).

Can you please comment?

Thanks,
Doc
  • #2,776
  • May 12, 2009 2:29pm May 12, 2009 2:29pm
Quoting DocPMD
OK - I fully expected to get flamed for being lazy, but not ignored! Deserved, I suppose. I will start to read through the entire thread unless someone chimes in suggesting a more efficient way.

Doc
Hi Doc,
I My Experience, There Was No Critical Information, But I Adhere To This Believe That Every Thing That You Learn, Is Important. There Were Many Useful Examples That You Can Understand The System Much Better. I Suggest Even If You Don't Want To Read All The Threat, At Least Analyse Posts With Picture (The Ones That Shows You A Trade).
Sometimes I Read A Threat Or A Book And I Learn Just One Or Two Points, But That's Enough For Me

Regards,
Basber
Trading methods are designed to put the odds in our favor, not predicting.
  • #2,777
  • May 12, 2009 2:37pm May 12, 2009 2:37pm
Quoting Basber
Hi Doc,
I My Experience, There Was No Critical Information, But I Adhere To This Believe That Every Thing That You Learn, Is Important. There Were Many Useful Examples That You Can Understand The System Much Better. I Suggest Even If You Don't Want To Read All The Threat, At Least Analyse Posts With Picture (The Ones That Shows You A Trade).
Sometimes I Read A Threat Or A Book And I Learn Just One Or Two Points, But That's Enough For Me

Regards,
Basber
Basber,

Thanks for the response. And I agree with you 100%. I plan to read the entire thread, it is just a question of how fast .

My main concern is that there may have been a change in the system parameters somewhere along the line that may not be reflected in the first couple of pages.

For example, I briefly visited Sonic's trade journal and saw the last post in Jan 2009 referenced a new 4HR system.

In any case, thanks again for the response, it was helpful.

Doc
  • #2,778
  • May 12, 2009 2:44pm May 12, 2009 2:44pm
Quoting DocPMD
bulkbiz,

Referring to your chart in post #2765, it appears that there were two long breakouts prior to the one you had taken that would have ended up losers. Your chart doesn't show the other indicators, so I couldn't tell if they were not taken because the other confirmation was not there (or maybe they were taken for losses).

Can you please comment?

Thanks,
Doc
May I Comment ?!
I Explain It In My Charts !! I Think You Meant Point A & B ! I Believe These Are The Reasons That We Shouldn't Take The Trades In Those Points :

A :
1) It Is During Asia Seasion And In That Time , Breakouts Is Not Reliable
2) CCI & QQE Is Below Zero Line
3) And Chief Among Them Is " There Is No Higher Low". Price Just Make A Low At Point 1.
4) Price Is Below 89EMA And MAs Is Pointing Downward
5) It Didn't Break The Upper MA

B:
1) Point 2 Is Not A Higher Low. It's A Lower Low (Lower Than Point 1). So Wave Analysis Tells You Not To Enter
2) CCI Is Still Below The Zero Line
3) Even If You Wanted To Enter The Trade In Point B, You Should Go Long A Few Pips Above The High Of The Breakout Candle, And You Sell Before Price Reaches There, It Goes Down To Point 3
4) We Are Still In Asia Season

We Should Take The Trade At Point C Because :
1) Higher Low Forms At Point 3
2) We Are Close To London Seasson
3) CCI & QQE Is Above Zero Line
4) MAs Is Pointing Upward

It's My Two Cents, I Hope It Helps

Regards,
Basber
Attached Image (click to enlarge)
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Trading methods are designed to put the odds in our favor, not predicting.
  • #2,779
  • Edited 3:02pm May 12, 2009 2:50pm | Edited 3:02pm
Quoting Basber
May I Comment ?!
I Explain It In My Charts !! I Think You Meant Point A & B ! I Believe These Are The Reasons That We Shouldn't Take The Trades In Those Points . . .
Basber,

Thanks for the response. Actually, the chart I was referring to (belonging to bulkbiz) had no annotations that I could see, and I didn't realize that you were monitoring the same chart. I'll go back and look at the comments on your chart, thanks.

Edit: Actually, looking at the chart I was talking about three points earlier, one at approx 06:00 5/11/09 and 10:00 5/11/09 and 18:00 5/11/09. The points "A" and "B" on your charts were never in question because I don't think price ever went beyond the breakout candle, as you said. And regarding point "2" on your chart, although it was a LL, I might have been tempted because of the divergence with the TRIX. In any case, my original question related to three prior breakouts. Frankly, I forgot about the Session requirement, but I didn't know what time was expressed on the chart anyway (i.e. GMT, local time, etc.)

Doc
  • #2,780
  • May 12, 2009 2:53pm May 12, 2009 2:53pm
Quoting DocPMD
Basber,

Thanks for the response. Actually, the chart I was referring to (belonging to bulkbiz) had no annotations that I could see, and I didn't realize that you were monitoring the same chart. I'll go back and look at the comments on your chart, thanks.

Doc
You're Quite Welcome. It's The Same, I Just Use My Charts To Show You Some Indis. Notations Are On Mine. I Attached The Chart.

Regards,
Basber
Trading methods are designed to put the odds in our favor, not predicting.
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