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Sonic R. System

  • #4,861
  • Aug 12, 2009 6:15am Aug 12, 2009 6:15am
Long GBPUSD: 1.4170
Stop 1.4125
TP1: 1.6510
TP2: 1.6530

Any coments please?
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  • #4,862
  • Aug 12, 2009 6:26am Aug 12, 2009 6:26am
USD/JPY and EUR/JPY look interesting right now with almost an identical pattern, with ranging going on right at the upper line of the SH1 channel.

But, I digress. Back to watching waves.
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Starting to see instead of just looking.
  • #4,863
  • Aug 12, 2009 6:36am Aug 12, 2009 6:36am
Quoting Kabuto
Long GBPUSD: 1.4170
Stop 1.4125
TP1: 1.6510
TP2: 1.6530

Any coments please?
Very choppy rally often means that the rally is simply a correction and that the downtrend is more likely to resume.

Price is now at resistance (yesterday's consolidation zone, near upper H1 channel trend line, just below daily floor pivot.

Also, Sonic CCI is not indicating bullish trend.

In other words, I am not seeing a SonicR long set-up on GU right now. This does not mean that a long trade will not be a profitable one. But it is certainly not a low risk trade. And it is not a SonicR.
  • #4,864
  • Aug 12, 2009 6:38am Aug 12, 2009 6:38am
Quoting ddaytrader
Watching AJ for a short:

EP @ 78.60
SL @ 79.10 (-50)
TP1@ 78.06 (+54)
TP2@ 77.50 (+110)
AJ made slightly higher high, so orders are canceled and it is back to the drawing board.
  • #4,865
  • Aug 12, 2009 6:39am Aug 12, 2009 6:39am
Thanks for your comments,

this is the king of this that i need to improve my trading.

I will watch closely this trade.
  • #4,866
  • Aug 12, 2009 6:43am Aug 12, 2009 6:43am
Quoting Rastaman
USD/JPY and EUR/JPY look interesting right now with almost an identical pattern, with ranging going on right at the upper line of the SH1 channel.

But, I digress. Back to watching waves.
I agree. All of the Yen crosses that I watch (AJ, EJ, GJ, UJ) show potenital SonicR longs, but I do not like going long right in the middle of what looks to me to be thick bands of resistamce. However, for the brave ones who do go long here, if price breaks that resistance, then they will likely be rewarded with some nice profits, and probably quickly.
  • #4,867
  • Aug 12, 2009 6:53am Aug 12, 2009 6:53am
mine E/J above 100+ still in R1 tp 1
FxHome
  • #4,868
  • Aug 12, 2009 6:55am Aug 12, 2009 6:55am
Quoting Muhammad989
mine E/J above 100+ still in R1 tp 1
Great trade, Muhammad!

The Yen crosses sure had me fooled today ... look at EJ +250 pips since its low this morning! Wow!

Great job!
  • #4,869
  • Aug 12, 2009 7:08am Aug 12, 2009 7:08am
my entry cadj

move SL to BE
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  • #4,870
  • Aug 12, 2009 7:10am Aug 12, 2009 7:10am
another aussie
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  • #4,871
  • Aug 12, 2009 7:12am Aug 12, 2009 7:12am
out 120 + enough for today i m going now ..

Muhammad
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FxHome
  • #4,872
  • Aug 12, 2009 7:12am Aug 12, 2009 7:12am
same case audj
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  • #4,873
  • Aug 12, 2009 7:14am Aug 12, 2009 7:14am
and chfj
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  • #4,874
  • Aug 12, 2009 7:15am Aug 12, 2009 7:15am
again ej
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  • #4,875
  • Aug 12, 2009 7:16am Aug 12, 2009 7:16am
the last my trade gj

free stress now. Relax.
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  • #4,876
  • Aug 12, 2009 12:35pm Aug 12, 2009 12:35pm
Hello Sonic!

Your thread is one of the only few I am constanly watching and trying to work with it. You have mentioned earlier that you will be trading for living soon. Has your dream come true yet?

Wishing you many pips!
  • #4,877
  • Aug 12, 2009 1:35pm Aug 12, 2009 1:35pm
Quoting Rastaman
So, this kind of wave would also do us just as well?

perhaps, when Basber said, "I don't care about the left part of the wave" he meant, we just want the V part with an extension for a short, or an inverted V with an extension up for LONG?


Thanks to all those with encouragement, I will stay the course, I am just blowing off Whatoozie steam.
This is very good, Rastaman. We could all blow it up and hang it on the wall as a constant reminder! Thank you for the effort you are making, because in different ways we all are receiving benefits, too.
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  • #4,878
  • Aug 12, 2009 2:19pm Aug 12, 2009 2:19pm
Quoting traderathome
This is very good, Rastaman. We could all blow it up and hang it on the wall as a constant reminder! Thank you for the effort you are making, because in different ways we all are receiving benefits, too.
... An official Soniker t-shirt? This is actually the t-short version
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  • #4,879
  • Aug 12, 2009 3:07pm Aug 12, 2009 3:07pm
Quoting ddaytrader
... An official Soniker t-shirt? This is actually the t-short version
Yes! I love it! Can we put the 'high rise' on the back?
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  • #4,880
  • Edited 4:43pm Aug 12, 2009 3:13pm | Edited 4:43pm
GU M15: Speaking of 'rise', yes, even though this is the dreaded asian part of the session, there are bullish indicators.....PA bouncing up off of 89ma and now crossing center of Dragon (34ema), and CCI green and crossed up. Also, PA has broken up thru white TL. PA made wide swing anomaly after "news" today, which I'm ignoring as part of the overall PA wave picture (magenta wave depiction).
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