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Sonic R. System

  • #4,761
  • Aug 10, 2009 7:51am Aug 10, 2009 7:51am
hello sonikers h r u all here i m back from bussy days .....here is my today setup .any comments
Attached Image(s) (click to enlarge)
Click to Enlarge Name: ej sell 10 aug sonic.GIF Size: 45 KB
Click to Enlarge Name: gu sell 10 aug sonic.GIF Size: 43 KB
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  • #4,762
  • Aug 10, 2009 8:10am Aug 10, 2009 8:10am
Quoting Muhammad989
hello sonikers h r u all here i m back from bussy days .....here is my today setup .any comments
Hi Muhammad,

Welcome back!

I am in the same two trades as you - short EJ and short GU. I have taken a TP1 on EJ at 137.59 (50% level and lower trendline of H1 channel). I lowered my SL to 138.15 on EJ.

GU has also bounced at lower trendline of H1 channel, but my TP is below there.


Win or lose, I think these are both good set-ups.

Good Luck to you,

ddaytrader
  • #4,763
  • Aug 10, 2009 8:16am Aug 10, 2009 8:16am
congrats : DD your TP 1 hit .....i m still in both trads...

Quoting ddaytrader
Hi Muhammad,

Welcome back!

I am in the same two trades as you - short EJ and short GU. I have taken a TP1 on EJ at 137.59 (50% level and lower trendline of H1 channel). I lowered my SL to 138.15 on EJ.

GU has also bounced at lower trendline of H1 channel, but my TP is below there.


Win or lose, I think these are both good set-ups.

Good Luck to you,

ddaytrader
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  • #4,764
  • Aug 10, 2009 8:17am Aug 10, 2009 8:17am
Quoting ddaytrader
I think you are doing very well to trade only the most clear, distinct, classic SonicR set-ups, especialy as you are learning the system. To tell you the truth, I myself would probably not have taken that long in that example. However, it does conform to Sonic's rules, and price did indeed confirm itself as going higher.

Think about it this way: When price takes out a previous high in a downtrend, what has it done? Well, it has changed the trend from down to either up or to sideways. Now, how do we know if the new trend is up or the new trend...
It's My Fault DD, I Shouldn't Put That Example On Sonics Manual. It's Hard To Digest That Entry.
But Here's My Comment That I Think It Should Be Added To What DD Said On That Example :
Everytime You Are Watching a Pair, You Have a Bias In Mind (General Trend Or S&R Or etc.) , General Trend In That Situation Was Up. After Making That High, The Candle Before Entry Was THE FIRST Candle That Closes Above 34 EMA, So After The Spike In Volume, And After Closing The Candle Above The Dragon Tunnel, Sonic Entered Long. There Was Also a Short Entry As Well , But It's The Benefits Of Having The General Trend In Mind.
Anyway, Like DD Said, Stick To Classic Sonic Entries, And You'll Be Fine

Regards,
Basber
Trading methods are designed to put the odds in our favor, not predicting.
  • #4,765
  • Aug 10, 2009 8:18am Aug 10, 2009 8:18am
Quoting Muhammad989
hello sonikers h r u all here i m back from bussy days .....here is my today setup .any comments
I'm Glad To See You Back Muhammad. I'm In E/J Trade Too, But I Entered At Higher Price. Let's See What Will Happen.

Regards,
Basber
Trading methods are designed to put the odds in our favor, not predicting.
  • #4,766
  • Aug 10, 2009 8:19am Aug 10, 2009 8:19am
Quoting Muhammad989
congrats : DD your TP 1 hit .....i m still in both trads...
My first TP was only for +20. I am still 1/2 in EJ and I am all in on GU.

What happens happens ... so long as we trade our plan, the profits will ultimately take care of themselves (though I always feel better when price keeps moving in my favor rather than retracing all the way back to negative pips for like these two trades are doing).
  • #4,767
  • Edited 8:44am Aug 10, 2009 8:22am | Edited 8:44am
Quoting Basber
It's My Fault DD, I Shouldn't Put That Example On Sonics Manual. It's Hard To Digest That Entry.
I think it is a good example for people to be aware of, Basber. Perhaps it just needs a bit more explanation.
  • #4,768
  • Aug 10, 2009 8:33am Aug 10, 2009 8:33am
Quoting ddaytrader
I think it is a good examplefor people to be aware of, Basber. Perhaps it just needs a bit more explanation.
DD, Basber, thank you guys for your explanation on the example.
  • #4,769
  • Aug 10, 2009 8:39am Aug 10, 2009 8:39am
Quoting ddaytrader
My first TP was only for +20. I am still 1/2 in EJ and I am all in on GU.

What happens happens ... so long as we trade our plan, the profits will ultimately take care of themselves (though I always feel better when price keeps moving in my favor rather than retracing all the way back to negative pips for like these two trades are doing).
Your GU Is Also Supported By Weekly PB. I Suggest You Keep The 1/4 Of Your Initial Trade Size And Let It Run a Little Bit More And Bring SL To BE.
I Didn't Trade It As SonicR, I Trade It As a PB And My Targets Are 1.6000 And 1.5000

Regards,
Basber
Attached Image (click to enlarge)
Click to Enlarge Name: gu w.gif Size: 20 KB
Trading methods are designed to put the odds in our favor, not predicting.
  • #4,770
  • Aug 10, 2009 8:39am Aug 10, 2009 8:39am
This my live entry GJ

Move stop to BE, take TP1
Attached Image
  • #4,771
  • Aug 10, 2009 8:49am Aug 10, 2009 8:49am
Quoting Basber
Your GU Is Also Supported By Weekly PB. I Suggest You Keep The 1/4 Of Your Initial Trade Size And Let It Run a Little Bit More And Bring SL To BE.
I Didn't Trade It As SonicR, I Trade It As a PB And My Targets Are 1.6000 And 1.5000

Regards,
Basber
Hi Basber,

I don't trade GU very often (I trade mostly EJ). I may hold a part with a BE SL,and let it ride for a bigger target.

Thank you,

ddaytrader
  • #4,772
  • Aug 10, 2009 8:55am Aug 10, 2009 8:55am
ok guyz i m out e/j +22 and close G/U manually got 60 + ..enough for the start of the week and nice wellcome after long time back

Muhammad
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  • #4,773
  • Aug 10, 2009 8:59am Aug 10, 2009 8:59am
Quoting Muhammad989
ok guyz i m out e/j +22 and close G/U manually got 60 + ..enough for the start of the week and nice wellcome after long time back

Muhammad
Show-off!

+88 pips on a Monday is a nice start to the week!
  • #4,774
  • Aug 10, 2009 9:06am Aug 10, 2009 9:06am
here is the screen shot DD and all sonikers
Quoting ddaytrader
Show-off!

+88 pips on a Monday is a nice start to the week!
Attached Image(s) (click to enlarge)
Click to Enlarge Name: ej sell 10 augst.gif Size: 26 KB
Click to Enlarge Name: gu sell 10 augst.gif Size: 27 KB
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  • #4,775
  • Aug 10, 2009 9:20am Aug 10, 2009 9:20am
Filthy Asian Sessions!!

I'd rather be safe and sorry.... and make $$


Sonic
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  • #4,776
  • Aug 10, 2009 10:16am Aug 10, 2009 10:16am
Quoting Basber
Your GU Is Also Supported By Weekly PB. I Suggest You Keep The 1/4 Of Your Initial Trade Size And Let It Run a Little Bit More And Bring SL To BE.
I Didn't Trade It As SonicR, I Trade It As a PB And My Targets Are 1.6000 And 1.5000

Regards,
Basber
I took 1/2 for +100 and I'm letting the other 1/2 ride with my stop at BE (1.6605)

I closed second 1/2 EJ for +5, making it a +12.5 trade (+20 on TP1 and +5 on TP2).

So, for the day, I am +12.5 EJ and I have locked in +50 on GU (+100 @ TP1 and BE for SL on 2nd 1/2 - so worst case in an average of +500.

See you guys later.

ddaytrader
  • #4,777
  • Aug 10, 2009 10:17am Aug 10, 2009 10:17am
DD and basber u both still in g/u or not ?
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  • #4,778
  • Aug 10, 2009 10:19am Aug 10, 2009 10:19am
vey welldone DD i m simply out for the look nice start of the week ...no g/u bounce here ......tc

Muhammad

Quoting ddaytrader
I took 1/2 for +100 and I'm letting the other 1/2 ride with my stop at BE (1.6605)

I closed second 1/2 EJ for +5, making it a +12.5 trade (+20 on TP1 and +5 on TP2).

So, for the day, I am +12.5 EJ and I have locked in +50 on GU (+100 @ TP1 and BE for SL on 2nd 1/2 - so worst case in an average of +500.

See you guys later.

ddaytrader
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  • #4,779
  • Aug 10, 2009 10:21am Aug 10, 2009 10:21am
Quoting Muhammad989
DD and basber u both still in g/u or not ?
I took TP1 at 1.6505 for +100 and I am keeping second 1/2 with my SL at BE.

I have TP2 at 1.6350 for 1/4 and TP 3 at 1.6000
  • #4,780
  • Aug 10, 2009 1:30pm Aug 10, 2009 1:30pm
Quoting Muhammad989
DD and basber u both still in g/u or not ?
I Closed EJ With 70 Pips Profit, And I'm Letting The GU Run. Now It's About +200 Pips, SL @ +70 Pips. (Both Are Full Position Size)

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