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Sonic R. System

  • #5,061
  • Aug 17, 2009 9:19pm Aug 17, 2009 9:19pm
Quoting Rastaman
Any thoughts on this?
GU is going to 1.6409
  • #5,062
  • Aug 17, 2009 9:21pm Aug 17, 2009 9:21pm
Looks like we are off on M15.

This is probably my very first Sonic trade!
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Starting to see instead of just looking.
  • #5,063
  • Aug 17, 2009 9:23pm Aug 17, 2009 9:23pm
Quoting Rastaman
Looks like we are off on M15.

This is probably my very first Sonic trade!
Did you just enter now? I thought you were in from 1.6350 or there abouts!
  • #5,064
  • Aug 17, 2009 9:27pm Aug 17, 2009 9:27pm
Quoting ddaytrader
Did you just enter now? I thought you were in from 1.6350 or there abouts!
I got in at 1.63781 after the bearish engulfing candle.
That is why I kept my tp to 30 pips.

I may be wrong but it feels like the retracement we are seeing right now is the second wave forming, looks like the D1 pivot is going to hold and it may break out past the 50 fibo.
Starting to see instead of just looking.
  • #5,065
  • Aug 17, 2009 9:32pm Aug 17, 2009 9:32pm
Quoting Rastaman
I got in at 1.63781 after the bearish engulfing candle.
That is why I kept my tp to 30 pips.
Bearish engulfing?

Are you long or short?

Here is how I see the SonicR on GU - Long at 1.6350, SL 1.632x, TP1 1.6409, TP2 1.6465

Your entry seems very, very late if you are long. But, if you are looking at +30 for TP1, then you are right in line with my TP1 at 1.6409.

Why so late on the entry?
Attached Image (click to enlarge)
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  • #5,066
  • Aug 17, 2009 9:38pm Aug 17, 2009 9:38pm
Ooops Bullish engulfing! I am Long.

The Daily Pivot being so close to the early EP kept me out.
Starting to see instead of just looking.
  • #5,067
  • Aug 17, 2009 9:48pm Aug 17, 2009 9:48pm
Quoting Rastaman
Ooops Bullish engulfing! I am Long.

The Daily Pivot being so close to the early EP kept me out.
which one..?

As for the candle..we gota wait till that candle complete...to confirm its pattern..

Sonic
  • #5,068
  • Aug 17, 2009 9:57pm Aug 17, 2009 9:57pm
I pulled some profit off this trade but would some one take a look at it and let me know if I did anything wrong on it. Any help is appreciated!!!!

Saw 2 bounces off H1 trend line (Thanks RASTAMAN)

Saw the wave set up (Why did the indi miss it?)

Dragon was a concern but I saw a charge in the NVO

R:R looked ok even though I set the SL below what is normal for me

Set TP at MR1

Pulled the trigger and watched it like a hawk (Need to work on that)
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  • #5,069
  • Aug 17, 2009 10:01pm Aug 17, 2009 10:01pm
Quoting Pipdance

Pulled the trigger and watched it like a hawk (Need to work on that)
I like that..very useful and informative with the remarks...
Keep your trade set up..coming..

Sonic
  • #5,070
  • Aug 17, 2009 10:02pm Aug 17, 2009 10:02pm
Quoting Rastaman
Ooops Bullish engulfing! I am Long.

The Daily Pivot being so close to the early EP kept me out.
Trade price action, not floor pivots! Use floor pivots as targets when combined with real S/R. A floor pivot canot stop the wave.
  • #5,071
  • Aug 17, 2009 10:05pm Aug 17, 2009 10:05pm
Quoting ddaytrader
Here is my EJ long...
First TP hit, SL at BE, TP2 is set and I am going to bed.

Good Luck, Sonikers!
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  • #5,072
  • Aug 17, 2009 10:07pm Aug 17, 2009 10:07pm
Quoting traderathome
GU M15: Yesterday I remarked about possibly trading the retrace to the quick and large drop, and that maybe the previous day's low would be a viable target (black line on chart). This is how I see the possible trade setting up......
PA just pulled back to permit entry.....
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  • #5,073
  • Aug 17, 2009 10:11pm Aug 17, 2009 10:11pm
Quoting lmarti21
"DD",

I hope your Broking challenges will be resolved soon.
I saw some great setup in the Asian session today on The gu , Eu and EJ but did not take them because of the rule. You seem to do well in this session . Are you more cautious here or do you risk the same as in the NY and London session?

Kind Regards
Lmarti21
It looks like I will be going with either Oanda or GFT(US). I am leaning toward Oanda.

I demo traded tonight - you are right that there were some great set-ups tonight.

I trade Asia the same as any other session but I will often move my stop loss to BE once the trade is +30 pips or so (but before hiting TP1).

I find SonicR works well during all sessions so long as you stick to the ones like to night where they are very clear and obvious.
  • #5,074
  • Aug 17, 2009 10:32pm Aug 17, 2009 10:32pm
Quoting Basber
Hello JC,
Your Settings Is OK. Share Your Trades So We Can Help You. When I First Started With This System, I Had Many Losses, But After a While I Understood It Better And That's Where Changes My View In This System That Made Me Profitable.
Last Week I Had Around +350 (1 Loss And 8 Wins) Pips With This System And I Had Another Open Position With GU And It's Around +310 Pips.
The Way To Learn It Is Just Sharing, It Will Make You Understand Your Mistakes And It Will Always Help Others That Have The Same Problem As Yours.

Regards,
Basber
My problem is not loses you hove to enter a trade for that to happen

If you look at both charts you will see I don't have a entry the price never enters the dragon.

My loosing streak is from jumping from system to system and trying to guess where the price will go next.

I am going to commit to staying to the rule of this system and try to be profitable 1 pip or 10 as long as I show a profit in the end

By the way I hate rules
  • #5,075
  • Aug 17, 2009 10:32pm Aug 17, 2009 10:32pm
Quoting sonicdeejay
which one..?

As for the candle..we gota wait till that candle complete...to confirm its pattern..

Sonic
Sorry for the confusion.

Here is the chart.
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Starting to see instead of just looking.
  • #5,076
  • Aug 17, 2009 10:35pm Aug 17, 2009 10:35pm
Quoting ddaytrader
Trade price action, not floor pivots! Use floor pivots as targets when combined with real S/R. A floor pivot canot stop the wave.

DD.....So we don't have to worry about pivots so much when we have a good wave setting up?
Starting to see instead of just looking.
  • #5,077
  • Aug 17, 2009 11:01pm Aug 17, 2009 11:01pm
Could be wrong here but, I think these last 3 candles show sign of a reversal.

SL is rather tight but, I have a feeling it won't get hit.
Tempted to move SL to below the pivot but this is not a good habit to get into.

Either way, I win as I learn from it.
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Starting to see instead of just looking.
  • #5,078
  • Aug 17, 2009 11:06pm Aug 17, 2009 11:06pm
Looks like the 3rd candle turned into a Bullish Hammer.

Could be the reversal, I am waiting for.
Attached Image
Starting to see instead of just looking.
  • #5,079
  • Aug 17, 2009 11:06pm Aug 17, 2009 11:06pm
Here is an example of why I will use the SMA settings instead of the EMA settings. In the first chart, which shows the Dragon with the EMA settings, you can see the PA and Dragon seem out of sync after the fall....an overall ragged look. Now in the second chart, which shows the Dragon with the SMA settings, it is much clearer that the PA advanced up thru the Dragon, consolidated, retraced a bit into and along inside the Dragon until the stronger breakout up out of it. And all this time after the PA fall, the Dragon turns up and maintains a more consistent slope.
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  • #5,080
  • Edited 11:47pm Aug 17, 2009 11:33pm | Edited 11:47pm
Not looking good right now.
If this candle breaks the low of the Hammer, I think my SL is going to get hit pretty quickly.
In which case I hope you guys will help with the postmortem?
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Starting to see instead of just looking.
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