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Sonic R. System

  • #3,461
  • Jul 6, 2009 8:21am Jul 6, 2009 8:21am
If one looks at the gu there is a nice saucer pattern visible (rectangle box). A reversal is possible at the .38, .50 fibo levels or maybe support 3. This could be a nice trade.. But I would want to see a retracement to atleast the .50 level... White line is a potential entry an red line a potential stop. Tp would be atleast twice the stop amount of pips. Well lets see how this turns out...
Attached Image (click to enlarge)
Click to Enlarge Name: saucer.gif Size: 29 KB
Thank you j16!
  • #3,462
  • Jul 6, 2009 8:25am Jul 6, 2009 8:25am
Quoting sonicdeejay
Look like Big vol/Big boys are take a positions for a next ride...Look @ rectangle black box...

http://static.forexfactory.com/forex...1&d=1246860421

Sonic
A nice example of using NVO indi...
It will tell u that a big move is about to happen..
Of course, it doesn't tell you up or downward...

http://static.forexfactory.com/forex...1&d=1246865126

Sonic
  • #3,463
  • Edited 8:43am Jul 6, 2009 8:26am | Edited 8:43am
Quoting anderou
If one looks at the gu there is a nice saucer pattern visible (rectangle box). A reversal is possible at the .38, .50 fibo levels or maybe support 3. This could be a nice trade.. But I would want to see a retracement to atleast the .50 level... White line is a potential entry an red line a potential stop. Tp would be atleast twice the stop amount of pips. Well lets see how this turns out...

U can use re-entry rules to go in again....pls read the manual...
and of coz..there must b a setup of re-entry too...

Sonic
  • #3,464
  • Jul 6, 2009 9:05am Jul 6, 2009 9:05am
Just skimmed 35 pips off of GBP/USD and my TS just got hit.

Account: 889277459 Name: Sonic Currency: JPY 2009 July 6, 14:06 Closed Transactions: TicketOpen TimeTypeSizeItem PriceS / LT / PClose Time PriceCommissionTaxesSwapProfit 285107412009.07.06 13:15buy0.20gbpusd1.61621.60910.00002009.07.06 13:411.61780003 033 285127522009.07.06 13:15buy0.10gbpusd1.61621.60910.00002009.07.06 13:421.61830001 989 285128802009.07.06 13:15buy0.10gbpusd1.61621.61980.00002009.07.06 14:031.61980003 419 0 0 0 8 441 Closed P/L: 8 441
Attached Image (click to enlarge)
Click to Enlarge Name: gbpusd.gif Size: 36 KB
Starting to see instead of just looking.
  • #3,465
  • Jul 6, 2009 9:18am Jul 6, 2009 9:18am
feel free to comment ~
Attached Image (click to enlarge)
Click to Enlarge Name: gu1.jpg Size: 153 KB
trade safe
  • #3,466
  • Jul 6, 2009 10:05am Jul 6, 2009 10:05am
I am waiting for it to break the 50 fibo and the HL at 1.6213 before re entry.
Starting to see instead of just looking.
  • #3,467
  • Jul 6, 2009 12:29pm Jul 6, 2009 12:29pm
Any1 Ride tis G/u?

although there isnt much Vol to look at.
Attached Image (click to enlarge)
Click to Enlarge Name: gu.jpg Size: 149 KB
trade safe
  • #3,468
  • Jul 6, 2009 4:33pm Jul 6, 2009 4:33pm
Quoting zz_zhang
ur trade looks valid but it just a bad day.

E/u looks like is setting up, i doubt whether will it happen in asian time
And you were oh, so right!
  • #3,469
  • Jul 6, 2009 5:26pm Jul 6, 2009 5:26pm
Quoting anderou
If one looks at the gu there is a nice saucer pattern visible (rectangle box). A reversal is possible at the .38, .50 fibo levels or maybe support 3. This could be a nice trade.. But I would want to see a retracement to atleast the .50 level... White line is a potential entry an red line a potential stop. Tp would be atleast twice the stop amount of pips. Well lets see how this turns out...
I Prefer To Look For PA-Candle Stick Then Wave Formation Or Re-entry To Enter That Setup. In This Situations, Return Should Be Confirmed ...

Regards,
Basber
Trading methods are designed to put the odds in our favor, not predicting.
  • #3,470
  • Jul 6, 2009 6:21pm Jul 6, 2009 6:21pm
EU, only hav 1 TP and get hitted.

Attached the before and after.

Reason : h1 +ve divergence
Attached Image(s) (click to enlarge)
Click to Enlarge Name: eu m15 1 07-Jul-09.gif Size: 19 KB
Click to Enlarge Name: eu m15 2 07-Jul-09.gif Size: 19 KB
Click to Enlarge Name: eu h1 07-Jul-09.gif Size: 23 KB
  • #3,471
  • Jul 7, 2009 2:41am Jul 7, 2009 2:41am
Hi, Sonic

What still confuses me a little is how to determine a trend direction on a higher TF. I often misjudge swings for trend reversal. Could you please post some pics with explanations? What indi's to use on higher TF?

Thank You!
  • #3,472
  • Jul 7, 2009 2:47am Jul 7, 2009 2:47am
Quoting snusnufreak
Hi, Sonic

What still confuses me a little is how to determine a trend direction on a higher TF. I often misjudge swings for trend reversal. Could you please post some pics with explanations? What indi's to use on higher TF?

Thank You!
Normally I do not use any indicators in Higher TF..H1,H4 or D1 recommended.I look at Price Action...
I use in naked chart...


Sonic
Attached File(s)
File Type: tpl j16.tpl   1 KB | 442 downloads
  • #3,473
  • Jul 7, 2009 2:51am Jul 7, 2009 2:51am
Quoting sonicdeejay
Normally I do not use any indicators in Higher TF...I look at candle pattern...
I use in naked chart...


Sonic
By candle pattern you mean the Hammer/Hanging man and Bullish/Bearish engulfing you wrote about sometime long ago in your thread?
(Have been reading your great thread starting from page 1, now on page 120)

Thank you!
  • #3,474
  • Jul 7, 2009 2:58am Jul 7, 2009 2:58am
Quoting snusnufreak
By candle pattern you mean the Hammer/Hanging man and Bullish/Bearish engulfing you wrote about sometime long ago in your thread?
(Have been reading your great thread starting from page 1, now on page 120)

Thank you!
Exactly...these are the most reliable pattern..in EU reversal last nite..one can see Hammer pattern in H4 TF..

BUT...We use higher TF as sense of direction security...ultimately we still follow our Sonic R rules on M15...
Look @ what mphpopular did...trigger on M15 and rules..



Sonic
Attached Image(s) (click to enlarge)
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Click to Enlarge Name: shi.gif Size: 46 KB
  • #3,475
  • Jul 7, 2009 3:13am Jul 7, 2009 3:13am
Quoting sonicdeejay
Exactly...these are the most reliable pattern..in EU reversal last nite..one can see Hammer pattern in H4 TF..

BUT...We use higher TF as sense of direction security...ultimately we still follow our Sonic R rules on M15...
Look @ what mphpopular did...trigger on M15 and rules..



Sonic
Sonic, one more question:
As in your current example I often see that you enter trade not waiting for the close of the candle above/below EMA bands. I assume we can enter as soon as we see the set-up (PA, Wave analysis, Indi's) so wait for the candle close is optional?
  • #3,476
  • Jul 7, 2009 3:18am Jul 7, 2009 3:18am
Quoting snusnufreak
Sonic, one more question:
As in your current example I often see that you enter trade not waiting for the close of the candle above/below EMA bands. I assume we can enter as soon as we see the set-up (PA, Wave analysis, Indi's) so wait for the candle close is optional?
in 15M..wait for candle close..
  • #3,477
  • Jul 7, 2009 5:42am Jul 7, 2009 5:42am
Let's See What Will Happen

Regards,
Basber
Attached Image (click to enlarge)
Click to Enlarge Name: gj.gif Size: 34 KB
Trading methods are designed to put the odds in our favor, not predicting.
  • #3,478
  • Jul 7, 2009 6:07am Jul 7, 2009 6:07am
hi every one here here is my both trads setup of the day ..yesterday i miss....
Attached Image(s) (click to enlarge)
Click to Enlarge Name: 7 july e j buy.gif Size: 44 KB
Click to Enlarge Name: 7 july eu buy.gif Size: 44 KB
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  • #3,479
  • Jul 7, 2009 6:33am Jul 7, 2009 6:33am
anyone have same trad if yes then post with the pic and feel free ..pass comments....
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  • #3,480
  • Jul 7, 2009 6:54am Jul 7, 2009 6:54am
E/U TP 1 HIT
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