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Sonic R. System

  • #3,741
  • Jul 15, 2009 2:26am Jul 15, 2009 2:26am
Double Bottom, Gone In With The SonicR Analysis.
First Go Up +40 Pips, Now It's Retracing, If It Breaks The Previous High, It's Going To Be A Good One
I've Got Another BuyStop Order At 153.50

Regards,
Basber
Attached Image(s) (click to enlarge)
Click to Enlarge Name: gu m15.gif Size: 37 KB
Click to Enlarge Name: guh4.gif Size: 26 KB
Trading methods are designed to put the odds in our favor, not predicting.
  • #3,742
  • Jul 15, 2009 2:34am Jul 15, 2009 2:34am
Quoting LittleTrader
Hi guys .. what currency pair do u guys usually play ?
Hello My Friend,
There Is No Limitation For This System, Because It's Based On Wave Analysis, And Waves Are Valid In Every Pair, Even Gold Or Oil. But In Major Currencies, It's More Secure To Use It, Because There Are Lots Of False BreakOuts And SL Hunting In Other Pair Due To Low Volume That Has Been Traded In These Pairs. I Personally Work With These Pairs :
EUR/USD
GBP/USD
USD/CHF
EUR/JPY
USD/JPY
GBP/JPY
USD/CAD
AUD/USD
And Sometimes EUR/GBP

P.S. Attached File Is One Of My Main Platforms For Analysing. This One Is For SonicR.

Regards,
Basber
Attached Image (click to enlarge)
Click to Enlarge Name: my platform main.gif Size: 112 KB
Trading methods are designed to put the odds in our favor, not predicting.
  • #3,743
  • Jul 15, 2009 4:03am Jul 15, 2009 4:03am
thanks barber for the answer ..i see that u are popular in this thread ..

p/s: thats alot of chart !!
  • #3,744
  • Edited 7:08am Jul 15, 2009 7:01am | Edited 7:08am
Quoting zz_zhang
damn broker. S/L hunting and Tp keeping!
The spread is part of the game, and you need to account for the spread.
Don't get mad at your broker. If price gets to within a pip of your first TP, and starts to reverse, close that 1/2 of your position yourself manually.

I used to get mad at my broker all the time. Now I make sure that my TP's are closer by at least the spread, and that my EP's and SL's are farther than at least the spread. This has helped tremendously. Until I started doing this, I was not able to do well trading bucket shop forex.

Good Luck today!

ddaytrader
  • #3,745
  • Jul 15, 2009 7:37am Jul 15, 2009 7:37am
An example of Re-entry....

Look @ Blu rectangle...


Sonic
Attached Image (click to enlarge)
Click to Enlarge Name: shi.gif Size: 28 KB
  • #3,746
  • Jul 15, 2009 7:45am Jul 15, 2009 7:45am
yeah .. that would be great re-entry .. i missed it ..sleeep ...
  • #3,747
  • Jul 15, 2009 8:11am Jul 15, 2009 8:11am
Quoting Basber
Double Bottom, Gone In With The SonicR Analysis.
First Go Up +40 Pips, Now It's Retracing, If It Breaks The Previous High, It's Going To Be A Good One
I've Got Another BuyStop Order At 153.50

Regards,
Basber
I Closed The Trade Because I Wanted To Go Out, And I Usually Won't Let A Profitable Trade Turn To Loss. I Close It At 154.00.
First Trade : +103 Pips
Second Trade : +50 Pips

Regards,
Basber
Attached Image (click to enlarge)
Click to Enlarge Name: gu p.gif Size: 38 KB
Trading methods are designed to put the odds in our favor, not predicting.
  • #3,748
  • Jul 15, 2009 8:14am Jul 15, 2009 8:14am
Quoting LittleTrader
yeah .. that would be great re-entry .. i missed it ..sleeep ...
Don't Worry, There Will Be A Lot More In Near Future

Regards,
Basber
Trading methods are designed to put the odds in our favor, not predicting.
  • #3,749
  • Jul 15, 2009 8:22am Jul 15, 2009 8:22am
Good morning all, Wish you all the pips today

Lmarti
  • #3,750
  • Jul 15, 2009 8:25am Jul 15, 2009 8:25am
Quoting Basber
Don't Worry, There Will Be A Lot More In Near Future

Regards,
Basber
Basber,

Always good to hear your words of wisdom.

Kind Regards
lamrti21
  • #3,751
  • Jul 15, 2009 8:31am Jul 15, 2009 8:31am
EU m15

Entered at 'EP' with stoploss at 'SL'.
TP 1 and TP 2 as shown.

Hit 'TP1', then adjust SL to 'adjusted SL'.
Closed remaining position at 'Remaining Closed' without hitting 'TP2'.
Attached Image (click to enlarge)
Click to Enlarge Name: eu m15 15-Jul-09.gif Size: 22 KB
  • #3,752
  • Jul 15, 2009 8:36am Jul 15, 2009 8:36am
GU m15

EP SL TP1 TP2 as shown.

Hit TP1, and remaining position closed at 'Remaining Closed' without hitting TP2
Attached Image (click to enlarge)
Click to Enlarge Name: gu m15 15-Jul-09.gif Size: 23 KB
  • #3,753
  • Jul 15, 2009 8:42am Jul 15, 2009 8:42am
Quoting traderathome
EU: If it were not for this being just as the Asian session begins, which Sonic recommends against trading in, I would say we could be facing some good upside on this pair.
Excellent call, TAH!

I saw it too on the GU and the GJ, and I also saw a nice SonicR short setting up on the USDCHF. I do trade Asia, but when none of my trades triggered before bed time , I cancelled my orders and went to sleep.

Now, this lazy American has woken up to find all those who traded the London session have had all the fun so far.

So, I wait.

and wait.

and wait.

But excellent analysis! Keep sharing and we'll all learn from each other!

Good LucK as always!
  • #3,754
  • Jul 15, 2009 8:46am Jul 15, 2009 8:46am
Quoting lmarti21
Basber,

Always good to hear your words of wisdom.

Kind Regards
lamrti21
Thank You For You Kindness Lmarti

Regards,
Basber
Trading methods are designed to put the odds in our favor, not predicting.
  • #3,755
  • Jul 15, 2009 8:52am Jul 15, 2009 8:52am
Quoting Basber
Hello My Friend,
There Is No Limitation For This System, Because It's Based On Wave Analysis, And Waves Are Valid In Every Pair, Even Gold Or Oil. But In Major Currencies, It's More Secure To Use It, Because There Are Lots Of False BreakOuts And SL Hunting In Other Pair Due To Low Volume That Has Been Traded In These Pairs. I Personally Work With These Pairs :
EUR/USD
GBP/USD
USD/CHF
EUR/JPY
USD/JPY
GBP/JPY
USD/CAD
AUD/USD
And Sometimes EUR/GBP

P.S. Attached File Is One Of My Main Platforms For Analysing. This One Is For SonicR.

Regards,
Basber...
Basber,

What are the pairs that mirrors each other? and would it not be duplicating to look at such pairs.

Thanks
Lmarti21
  • #3,756
  • Jul 15, 2009 8:57am Jul 15, 2009 8:57am
Quoting ddaytrader
Excellent call, TAH!

I saw it too on the GU and the GJ, and I also saw a nice SonicR short setting up on the USDCHF. I do trade Asia, but when none of my trades triggered before bed time , I cancelled my orders and went to sleep.

Now, this lazy American has woken up to find all those who traded the London session have had all the fun so far.

So, I wait.

and wait.

and wait.

But excellent analysis! Keep sharing and we'll all learn from each other!

Good LucK as always!
DD,

I agree with you. I saw the setups but because it was out of the trading TF i did not take it. I think there is a gartley on the EJ and the Gb.i am looking at the 4hr TF. Just my 1/2 cent

Kind Regards
Lmarti21
  • #3,757
  • Jul 15, 2009 9:03am Jul 15, 2009 9:03am
Sorry here is the picture, for the gartley

Lmarti21
Attached Image (click to enlarge)
Click to Enlarge Name: gpb - gartley.gif Size: 55 KB
  • #3,758
  • Jul 15, 2009 9:05am Jul 15, 2009 9:05am
Quoting lmarti21
DD,

I agree with you. I saw the setups but because it was out of the trading TF i did not take it. I think there is a gartley on the EJ and the Gb.i am looking at the 4hr TF. Just my 1/2 cent

Kind Regards
Lmarti21
If they had triggered, I would have traded them. I have done very well trading Asia so long as it no earlier than Tokyo -1hour. I just cancelled the orders because I do not like entering a position while I sleep. If the postion was already opened, I would have let it stay open.

I don't pay attention to Gartley's or anything else. I SonicR-style only (wave analysis, S/R, and trendlines).

So, as there is nothing right now close to a SonicR that I see, I wait.

Good Luck,

ddaytrader
  • #3,759
  • Jul 15, 2009 9:49am Jul 15, 2009 9:49am
Quoting lmarti21
DD,

I agree with you. I saw the setups but because it was out of the trading TF i did not take it. I think there is a gartley on the EJ and the Gb.i am looking at the 4hr TF. Just my 1/2 cent

Kind Regards
Lmarti21

Guys,

I think these trades were not out of the trading TF since sonic wrote couple of pages back that he looks for setups 1H before/after the end of Tokio session. Besides, Sonic presented the example of G/U re-entry trade just a couple of posts ago (which is right at the end of Tokio session, i think).

Just my observations.

Take care!
  • #3,760
  • Edited 10:20am Jul 15, 2009 10:09am | Edited 10:20am
Quoting snusnufreak
Guys,

I think these trades were not out of the trading TF since sonic wrote couple of pages back that he looks for setups 1H before/after the end of Tokio session. Besides, Sonic presented the example of G/U re-entry trade just a couple of posts ago (which is right at the end of Tokio session, i think).

Just my observations.

Take care!
I didn't trade them because I was going to bed, not because it was out of trading TF. My trading TF is really whenever I see a SonicR. I'm not crazy about the late NY/early Asia time, but if I'm awake and my I see a trade, I'll take it. If I'm out or going to be asleep, I cancel all entry order and shut down.

That's the way I do it. It works for me, but may not work for you. As always, each has to determine what works best for him or her.

Good Luck!
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