Sonic R. System | Page 221 | Forex Factory

Options

Go to
Permalinks
Print Thread

Similar Threads

Sonic R.evolution 95 replies

The System Behind the System, by Merlin Jeffries 16 replies

Old School Sonic System + Other Things 11 replies

Knife system, Vegas 4h system related questions. 4 replies

Would you trade this system? New system #2. 10 replies

Attachments: Sonic R. System
Exit Attachments

Sonic R. System

  • #4,401
  • Jul 30, 2009 7:43pm Jul 30, 2009 7:43pm
UJ M15: Interesting possible setup. If PA breaks below range, it also breaks below main pivot, and also the 89 MA! Suggested targets are S1, about 40 pips down, and then S2 for another 25 pips. S3 may be a stretch, but adds another 40 pips.
Attached Image (click to enlarge)
Click to Enlarge Name: screenshot # 041.gif Size: 26 KB
  • #4,402
  • Jul 30, 2009 7:54pm Jul 30, 2009 7:54pm
what about this one?
Attached Image (click to enlarge)
Click to Enlarge Name: UC2.JPG Size: 113 KB
  • #4,403
  • Jul 30, 2009 8:03pm Jul 30, 2009 8:03pm
Quoting sorsurus
what about this one?
Your SL looks ok, but unless PA breaks below yLOW you are taking high risk of Head Fake down. See attached chart for suggestion......but make your own decisions, of course.
Attached Image (click to enlarge)
Click to Enlarge Name: screenshot # 042.gif Size: 25 KB
  • #4,404
  • Jul 30, 2009 8:37pm Jul 30, 2009 8:37pm
Quoting traderathome
UJ M15: Interesting possible setup. If PA breaks below range, it also breaks below main pivot, and also the 89 MA! Suggested targets are S1, about 40 pips down, and then S2 for another 25 pips. S3 may be a stretch, but adds another 40 pips.
I have a fib line 50% at 95.34, it seems hung up on it. Oops, spoke too soon.
  • #4,405
  • Jul 30, 2009 10:34pm Jul 30, 2009 10:34pm
Quoting traderathome
Your SL looks ok, but unless PA breaks below yLOW you are taking high risk of Head Fake down. See attached chart for suggestion......but make your own decisions, of course.
....for a newbies education (mine) would this be the same as using rule number 2 from sonics original post below ? if not, where do i find info on PA ?

TIA

Quoting sonicdeejay
Absolutely agree on this one...I am glad that u asked.here are the solutions that I incorporated, to avoid possible whipsaw.

1. Trading Time Periods (that kill alot of whipsaw blunders)
2. Angle of the slope (Long 1 to 2 O clock, Short 4 to 5 O clock, avoid 3 O clock Ranging)
3. Muliple TF confirmations (By checking in 15M and 1H TF (for 5M TF trade) and 1H, D1H TF (for 15M TF trade) give u an edge on the sense of direction of Overall Trend)...
4. Not chasing after the trade. (that beats alot of single bar fake breakout, created by Big Boys)

Hope...
  • #4,406
  • Jul 30, 2009 11:11pm Jul 30, 2009 11:11pm
Quoting sonicdeejay
I am in...

Small SL with potential upside...

The rest let the mkt decide...

http://static.forexfactory.com/forex...1&d=1248932371

Sonic

TP 1 hit @ +72 pips...
Now SL @ BE...See how the lot runs...


No more trade for me this week...

http://www.holidayextras.co.uk/image...-deckchair.jpg

Sonic
Attached Image (click to enlarge)
Click to Enlarge Name: shi.gif Size: 43 KB
  • #4,407
  • Jul 31, 2009 12:39am Jul 31, 2009 12:39am
Quoting traderathome
UJ M15: Interesting possible setup. If PA breaks below range, it also breaks below main pivot, and also the 89 MA! Suggested targets are S1, about 40 pips down, and then S2 for another 25 pips. S3 may be a stretch, but adds another 40 pips.
Good morning, TAH.

I do not like the trade because its counter trend and the 95.2x lvl is a strong resistance.

Regards,

snu.
Attached Image (click to enlarge)
Click to Enlarge Name: usdjpy 1h 30.07.09 morning.gif Size: 26 KB
  • #4,408
  • Jul 31, 2009 1:51am Jul 31, 2009 1:51am
Quoting lionsden
....for a newbies education (mine) would this be the same as using rule number 2 from sonics original post below ? if not, where do i find info on PA ?

TIA
PA = Price Action. It is advisable to wait for the price action to take out the last significant high (or low, depending on direction of trade) as confirmation of true run, rather than head fake. Yes, I know that eats into potential profits. And that is the importance of knowing where the S&R areas are....so you can evaluate that there remains sufficient profit potential.
  • #4,409
  • Jul 31, 2009 1:54am Jul 31, 2009 1:54am
Quoting traderathome
PA = Price Action. It is advisable to wait for the price action to take out the last significant high (or low, depending on direction of trade) as confirmation of true run, rather than head fake. Yes, I know that eats into potential profits. And that is where knowing where the S&R areas are....so you can evaluate that there remains sufficient profit potential.

So true. There have been a lot of head fakes. How does aud/jpy fair during london?
  • #4,410
  • Jul 31, 2009 2:30am Jul 31, 2009 2:30am
Got it thanks!

Quoting traderathome
PA = Price Action. It is advisable to wait for the price action to take out the last significant high (or low, depending on direction of trade) as confirmation of true run, rather than head fake. Yes, I know that eats into potential profits. And that is the importance of knowing where the S&R areas are....so you can evaluate that there remains sufficient profit potential.
  • #4,411
  • Jul 31, 2009 2:47am Jul 31, 2009 2:47am
Can someone explain why this turned from a short to a long so quickly ? My
EP was 134.43 short CCI and QQE were below respective thresholds. I know i missed something obviously. Please advise.

thanks
Attached Image (click to enlarge)
Click to Enlarge Name: ej15.gif Size: 23 KB
  • #4,412
  • Jul 31, 2009 2:54am Jul 31, 2009 2:54am
EU M15: High relative volume just before and during the PA drop could mean the start of a trend reversal to down.
Attached Image (click to enlarge)
Click to Enlarge Name: screenshot # 043.gif Size: 29 KB
  • #4,413
  • Jul 31, 2009 2:58am Jul 31, 2009 2:58am
Also a weekly pivot.
Attached Image (click to enlarge)
Click to Enlarge Name: ej.gif Size: 18 KB
  • #4,414
  • Jul 31, 2009 2:58am Jul 31, 2009 2:58am
Quoting lionsden
Can someone explain why this turned from a short to a long so quickly ? My
EP was 134.43 short CCI and QQE were below respective thresholds. I know i missed something obviously. Please advise.

thanks
FX has no explanation..it may go up or down..it is up to us to follow/predict and profit from it...

But they do not move without reason...

must be a news that cause the movement...
It should give u a change of direction on the trade...(I mean Long)..

Sonic
  • #4,415
  • Jul 31, 2009 3:15am Jul 31, 2009 3:15am
More weirdness LL then Blammo.
Attached Image (click to enlarge)
Click to Enlarge Name: pic.gif Size: 35 KB
Starting to see instead of just looking.
  • #4,416
  • Jul 31, 2009 3:24am Jul 31, 2009 3:24am
I'm in. Please give advise on TPs.
Attached Image (click to enlarge)
Click to Enlarge Name: eurusd 15m 31.07.09 day.gif Size: 50 KB
  • #4,417
  • Jul 31, 2009 4:31am Jul 31, 2009 4:31am
Quoting traderathome
He said it is an opportunity....yes, it is. He said something to the effect that maybe many making money are those selling "systems & strategies" rather than actually trading....yes, possibly. It is a tough arena and many will loose lots of money, including those that eventually become successful. But the tone of his writing was as if to say....."STAY AWAY!" So, he could be a 'talking head' for some hedge fund consortium, or other groups that would be happiest if they could keep retailers out of their 'personal' poker game....the article reads...
That's What I'm Talking About. I Don't Believe The Scary Part, Because I've Seen That It's Possible To Make Money From It. But It's Good For Many Newbies That They Think They Can Make Money On First Few Months That They Are Trading And Become Rich Or At Least Pay Their Bills With It. It Takes Time And Effort. That's The Most Important Thing To Know For The Newbies.

Regards,
Basber
Trading methods are designed to put the odds in our favor, not predicting.
  • #4,418
  • Jul 31, 2009 4:32am Jul 31, 2009 4:32am
Quoting lionsden
Can someone explain why this turned from a short to a long so quickly ? My
EP was 134.43 short CCI and QQE were below respective thresholds. I know i missed something obviously. Please advise.

thanks
Lionsden, Did You Go Short ?! I Don't See Any Wave Formation For Going Short ??

Regards,
Basber
Trading methods are designed to put the odds in our favor, not predicting.
  • #4,419
  • Jul 31, 2009 4:34am Jul 31, 2009 4:34am
Quoting snusnufreak
I'm in. Please give advise on TPs.
I Like These :
If You Are Aggresive : TP1 = 1.4060 , TP2 = 1.4015

If You Are Conservative : TP1 = 1.4085 , TP2 = 1.4050

Add The Spread.

Regards,
Basber
Trading methods are designed to put the odds in our favor, not predicting.
  • #4,420
  • Jul 31, 2009 5:20am Jul 31, 2009 5:20am
Quoting traderathome
He said it is an opportunity....yes, it is. He said something to the effect that maybe many making money are those selling "systems & strategies" rather than actually trading....yes, possibly. It is a tough arena and many will loose lots of money, including those that eventually become successful. But the tone of his writing was as if to say....."STAY AWAY!" So, he could be a 'talking head' for some hedge fund consortium, or other groups that would be happiest if they could keep retailers out of their 'personal' poker game....the article reads...
TAH,
I Think It's More Appropriate, Specially For Newbies :

Part 1 :
http://www.investmentu.com/IUEL/2009...x-trading.html

Part 2 :
http://www.investmentu.com/IUEL/2009...x-markets.html

Part 3 :
http://www.investmentu.com/IUEL/2009...e-trading.html


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