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Sonic R. System

  • #4,901
  • Aug 13, 2009 1:10am Aug 13, 2009 1:10am
I am in after confirming with fibo expansion. got in slightly late as I wanted it to clear the MR1 resistance.

Probably TP half at 1.65764 then let the rest run after BE
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Starting to see instead of just looking.
  • #4,902
  • Aug 13, 2009 1:19am Aug 13, 2009 1:19am
Quoting Rastaman
I am in after confirming with fibo expansion. got in slightly late as I wanted it to clear the MR1 resistance.

Probably TP half at 1.65764 then let the rest run after BE
What were the high and low points used to get your FE results?
  • #4,903
  • Edited 2:11am Aug 13, 2009 1:55am | Edited 2:11am
Quoting traderathome
What were the high and low points used to get your FE results?
Low 1,63895

High 1,65588

Low 1,64229

I didn't like the PA so bailed out.

This is something else I have to work on.

Just wondering if price is going to bounce off the 61.8 fe?
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Starting to see instead of just looking.
  • #4,904
  • Aug 13, 2009 2:26am Aug 13, 2009 2:26am
+60pips on Gu long. can't post chart using my pda to trade and post
trade safe
  • #4,905
  • Aug 13, 2009 2:37am Aug 13, 2009 2:37am
All,

I have been looking at the diagrams charts everyone is posting on this thread for about a month and have yet to come up with a method to draw the wave, nor do i see why when waves are drawn as in some of the charts why some hi and low's are skipped over during the identification of a sonic wave. Can someone please clarify what the correct method is when drawing the waves point to point ? Or is this just a subjective creation so to speak ?

TIA
L
  • #4,906
  • Aug 13, 2009 5:34am Aug 13, 2009 5:34am
Quoting Rastaman
I didn't like the PA so bailed out.

This is something else I have to work on.
Yes, you must work on this before it becomes a crippling bad habit. Doing this regukarky will lead to your losses being bigger than your winds, rather than the other way around.
  • #4,907
  • Aug 13, 2009 5:39am Aug 13, 2009 5:39am
Quoting lionsden
All,

I have been looking at the diagrams charts everyone is posting on this thread for about a month and have yet to come up with a method to draw the wave, nor do i see why when waves are drawn as in some of the charts why some hi and low's are skipped over during the identification of a sonic wave. Can someone please clarify what the correct method is when drawing the waves point to point ? Or is this just a subjective creation so to speak ?

TIA
L
I do not think wave analysis is a subjective creation, as many of us Sonikers from around the world identify and trade the same set ups at the same time, and this happens over and over again.

In order to answer your questions, it would be helpful to us if you would post your charts and show us specifically which highs/lows you feel are being skipped, etc.

In other words, SonicR is a visual set-up, and we need to see what you are seeing to explain why or why not a particular wave is not traded.

Without seeing a chart from you, I would guess that perhaps sometimes a short set-up would be ignored by us because CCI is bullish or the slope of the dragon is sideways to up rather than down, and vice versa for a seemingly long set-up where CCI is bearish or dragon is down.
  • #4,908
  • Aug 13, 2009 5:45am Aug 13, 2009 5:45am
Quoting ddaytrader
Yes, you must work on this before it becomes a crippling bad habit. Doing this regukarky will lead to your losses being bigger than your winds, rather than the other way around.
Well, it wasn't like a panic thing or anything, I had kind of figured out that price was going to retrace to the area of the 6.8 FE. So, I just figured I would TP before it retraced and then possibly reenter if I saw another wave.

That said, I do have a tendency to TP way too early and as you say, I have to learn to take the heat and let winners run and indeed accept a loss as graciously as a win.
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Starting to see instead of just looking.
  • #4,909
  • Aug 13, 2009 5:48am Aug 13, 2009 5:48am
Quoting Rastaman
Well, it wasn't like a panic thing or anything, I had kind of figured out that price was going to retrace ...
Panic or not, it will kill you as a trader. I fought it for years. Don't let it become a regular bad habit like I did, because it is very hard to stop once you get used to doing it.
  • #4,910
  • Aug 13, 2009 6:13am Aug 13, 2009 6:13am
i miss today setup ......bcoz of sleeping
FxHome
  • #4,911
  • Aug 13, 2009 6:16am Aug 13, 2009 6:16am
Quoting ddaytrader
Panic or not, it will kill you as a trader. I fought it for years. Don't let it become a regular bad habit like I did, because it is very hard to stop once you get used to doing it.
I suppose it is working out how much heat we are prepared to accept before making the trade. It must be a fine line between taking heat and watching a profit turn into a loss.


Any tips for this DD?
Starting to see instead of just looking.
  • #4,912
  • Aug 13, 2009 6:23am Aug 13, 2009 6:23am
Do you guys use trailing stop EAs.
  • #4,913
  • Aug 13, 2009 6:31am Aug 13, 2009 6:31am
Quoting Rastaman
I hear you.

Thanks, I am using it and as you say, it does make most of the waves stand out clearly.

Glad, it helped you find the wave, I am still in pursuit.

I must have some mental block or something.
"Rman"

No mental block just the learning process . I have gain significant insight from your analysis and questions on this thread. That why i like this thread so much.

Regards
Lmarti21
  • #4,914
  • Aug 13, 2009 6:58am Aug 13, 2009 6:58am
Quoting ukcool
Do you guys use trailing stop EAs.
I Don't Like Trailing Stops. I Like To Change My SL Manually When It Reaches To My Proper Level.

Regards,
Basber
Trading methods are designed to put the odds in our favor, not predicting.
  • #4,915
  • Aug 13, 2009 7:12am Aug 13, 2009 7:12am
Quoting lmarti21
"Rman"

No mental block just the learning process . I have gain significant insight from your analysis and questions on this thread. That why i like this thread so much.

Regards
Lmarti21
Someone mentioned H4 tf as a good way to start, just looking at H4 the waves both good ones and bad ones seem to jump out more.

I think, I am going to move to H4 till my brain can differentiate the real waves from the rocks in the water.
Starting to see instead of just looking.
  • #4,916
  • Aug 13, 2009 7:22am Aug 13, 2009 7:22am
Quoting Rastaman
Someone mentioned H4 tf as a good way to start, just looking at H4 the waves both good ones and bad ones seem to jump out more.

I think, I am going to move to H4 till my brain can differentiate the real waves from the rocks in the water.
agree with you. I'm always looking at H4 for my analysis.
  • #4,917
  • Aug 13, 2009 8:21am Aug 13, 2009 8:21am
My Today's U/J Hit SL. Just For You To Know It's Not a Holy Grail !

Regards,
Basber
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Trading methods are designed to put the odds in our favor, not predicting.
  • #4,918
  • Aug 13, 2009 9:23am Aug 13, 2009 9:23am
Quoting Basber
My Today's U/J Hit SL. Just For You To Know It's Not a Holy Grail !

Regards,
Basber
basber i got e same uj trade as u!
losing is part of trading
trade safe
  • #4,919
  • Aug 13, 2009 9:33am Aug 13, 2009 9:33am
My re-entry...trade based on CCI
Nite ppl...


Sonic
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  • #4,920
  • Aug 13, 2009 9:41am Aug 13, 2009 9:41am
hi sonic can you help me with your system?
thanks. my hotmail is [email protected]
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