Sonic R. System | Page 263 | 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

  • #5,241
  • Aug 20, 2009 9:26am Aug 20, 2009 9:26am
i got 45 g/u and 30 u/j and now i m out dont try to inn this ups and down mrkt.......i m lucky get 75 + today
FxHome
  • #5,242
  • Aug 20, 2009 12:41pm Aug 20, 2009 12:41pm
GU M15: Replicating Bear Channels....? Anyway, first target hit and some off the table there for 95 pips.
Attached Image (click to enlarge)
Click to Enlarge Name: screenshot # 150.gif Size: 27 KB
  • #5,243
  • Aug 20, 2009 3:51pm Aug 20, 2009 3:51pm
Dear sonic i saw your 4hr chart left underside candlestick name it is the simple temp u made or any indi u can send me .......?


quote=sonicdeejay;2970948]I meant this week high...
There u go...it pierce thru this week high..

Sonic[/quote]
FxHome
  • #5,244
  • Aug 20, 2009 4:20pm Aug 20, 2009 4:20pm
GU possible setup. PA breaking TL on M15, and on H4 PA is between a rock and a hard place following a pin bar four TFs back. Which way will it break? So far M15 is taking on bearish look with TL breech after a Bear Channel.
Attached Image(s) (click to enlarge)
Click to Enlarge Name: screenshot # 151.gif Size: 39 KB
Click to Enlarge Name: screenshot # 152.gif Size: 23 KB
  • #5,245
  • Aug 20, 2009 4:47pm Aug 20, 2009 4:47pm
Quoting traderathome
So far M15 is taking on bearish look with TL breech after a Bear Channel.
Hi TAH,

Check that trendline you have there. I do agree with the bearish outlook if that line breaks, but I do not think it has been breached. A break of that trendline puts a retest of the pattern low at 1.645x in play.

Good Luck!
Attached Image (click to enlarge)
Click to Enlarge Name: GU 8-20-2009 Trend line1.jpg Size: 146 KB
  • #5,246
  • Aug 20, 2009 7:16pm Aug 20, 2009 7:16pm
Quoting Muhammad989
Dear sonic i saw your 4hr chart left underside candlestick name it is the simple temp u made or any indi u can send me .......?


quote=sonicdeejay;2970948]I meant this week high...
There u go...it pierce thru this week high..

Sonic
Do some search on few pages back. I have posted with template and indis…
U can use attachments button on the top right corner of the page too

Sonic
  • #5,247
  • Aug 20, 2009 7:59pm Aug 20, 2009 7:59pm
Quoting ddaytrader
Hi TAH,

Check that trendline you have there. I do agree with the bearish outlook if that line breaks, but I do not think it has been breached. A break of that trendline puts a retest of the pattern low at 1.645x in play.

Good Luck!
There goes that trendline break, and one could make a case for a SonicR short as well, though not the prettiest SonicR I have ever seen.
Attached Image(s) (click to enlarge)
Click to Enlarge Name: GU 8-20-2009 Trend line2.jpg Size: 147 KB
Click to Enlarge Name: GU 8-20-2009 Short2.jpg Size: 147 KB
  • #5,248
  • Aug 20, 2009 7:59pm Aug 20, 2009 7:59pm
Quoting zz_zhang
Cawaiil~

I like Japan

You ever been here M?
Starting to see instead of just looking.
  • #5,249
  • Aug 20, 2009 8:09pm Aug 20, 2009 8:09pm
Quoting ddaytrader
Hi TAH,

Check that trendline you have there. I do agree with the bearish outlook if that line breaks, but I do not think it has been breached. A break of that trendline puts a retest of the pattern low at 1.645x in play.

Good Luck!
Missed that, ddaytrader. But, looks like there is more than one way to skin a cat!
Attached Image (click to enlarge)
Click to Enlarge Name: screenshot # 153.gif Size: 39 KB
  • #5,250
  • Aug 20, 2009 8:21pm Aug 20, 2009 8:21pm
Quoting ddaytrader
There goes that trendline break, and one could make a case for a SonicR short as well, though not the prettiest SonicR I have ever seen.
A good case for B & W......it was actually a matter of degrees.
Edit: So, in that vein, and currently, this is how I see it (chart 2). Please, comments welcomed.
Attached Image(s) (click to enlarge)
Click to Enlarge Name: screenshot # 154.gif Size: 18 KB
Click to Enlarge Name: screenshot # 155.gif Size: 35 KB
  • #5,251
  • Aug 20, 2009 8:31pm Aug 20, 2009 8:31pm
Quoting ddaytrader
... and one could make a case for a SonicR short as well, though not the prettiest SonicR I have ever seen.
Well, I am now +25 pips on the trade (EP 1.6496 as I split the difference between the trendline break and the SonicR break). My stop is now at BE, with TP 1 at +50 and TP2 at +96.

Last night my GU short was stopped at BE, and there was nothing for me during US session today, so I would really like to nail both of these TP's tonight.
Attached Image (click to enlarge)
Click to Enlarge Name: GU 8-20-2009 SonicShort BE Stop1.jpg Size: 109 KB
  • #5,252
  • Aug 20, 2009 8:37pm Aug 20, 2009 8:37pm
GU M15: After doing the B&W thing following ddaytrader's gentle slap on the knuckles, I added the floor pivots (with no previous knowledge of where they might be)....pivots based upon London time zone of GMT +1. Look where they fall in relationship to the previously assigned targets.....
Attached Image(s) (click to enlarge)
Click to Enlarge Name: screenshot # 155.gif Size: 35 KB
Click to Enlarge Name: screenshot # 156.gif Size: 38 KB
  • #5,253
  • Aug 20, 2009 8:42pm Aug 20, 2009 8:42pm
Quoting traderathome
I added the floor pivots (with no previous knowledge of where they might be)....pivots based upon London time zone of GMT +1. Look where they fall in relationship to the previously assigned targets.....
Pretty neat, huh?!
  • #5,254
  • Aug 20, 2009 8:50pm Aug 20, 2009 8:50pm
Quoting ddaytrader
Well, I am now +25 pips on the trade (EP 1.6496 as I split the difference between the trendline break and the SonicR break). My stop is now at BE, with TP 1 at +50 and TP2 at +96.

Last night my GU short was stopped at BE, and there was nothing for me during US session today, so I would really like to nail both of these TP's tonight.
And here is where the SonicR gets tough. I am looking at a potential +46 and +96, which gives the trade a value of +73. I have watched as the trade has gone from +30 to +10, and it is possibly heading to a nreakeven result. I would have rather had +30 than +0. I'd rather have +10 than +0.

But, if I took every +30 and +10, I'd never get those +73's.

So, I will sit here, and like last night I may get nothing for my efforts other than the experience, but that is what trading is about.

As my little quote from Livermore in my signature says, the big money comes from sitting on my hands and letting profits run (as I hope for here) while cutting my losses short (which I also am doing here by moving my stop to BE after price has gone so far in my favor that if I am right, I should be safe).
Attached Image (click to enlarge)
Click to Enlarge Name: GU 8-20-2009 SonicShort BE Stop2.jpg Size: 105 KB
  • #5,255
  • Aug 20, 2009 8:51pm Aug 20, 2009 8:51pm
Quoting ddaytrader
Well, I am now +25 pips on the trade (EP 1.6496 as I split the difference between the trendline break and the SonicR break). My stop is now at BE, with TP 1 at +50 and TP2 at +96.

Last night my GU short was stopped at BE, and there was nothing for me during US session today, so I would really like to nail both of these TP's tonight.
My entry same as yours, but SL a bit higher; just above the previous significant high.

Now look how it ran 30 pips and then retraced 18 pips for only 12 pips net. This is the same as yesterday, down 20+ pips followed by a quick large pullback....and not to regain the lows until after FO/LO!

Maybe this should be a subculture addition to Sonic R.....if trading Asian session because it looks like there is a setup that early in the game, then go for 20-25 pips and end it! Start looking for another setup at FO/LO.
  • #5,256
  • Aug 20, 2009 8:56pm Aug 20, 2009 8:56pm
Quoting traderathome
Maybe this should be a subculture addition to Sonic R.....if trading Asian session because it looks like there is a setup that early in the game, then go for 20-25 pips and end it! Look for another setup around FO/LO.
I have had some real nice runners during Asia, but once I get +20, I go to BE on the stop loss.

Perhaps you are on to something. I think maybe use 20-25 pips as a TP1, or maybe use 3 TP's, and take 25% at TP1 (20-25 pips), 25% at TP2, and 50% at TP3.

Who knows? Right now O would like to see a new low, and I will lower my stop loss to +12.
  • #5,257
  • Aug 20, 2009 9:06pm Aug 20, 2009 9:06pm
Quoting ddaytrader
I have had some real nice runners during Asia, but once I get +20, I go to BE on the stop loss.

Perhaps you are on to something. I think maybe use 20-25 pips as a TP1, or maybe use 3 TP's, and take 25% at TP1 (20-25 pips), 25% at TP2, and 50% at TP3.

Who knows? Right now O would like to see a new low, and I will lower my stop loss to +12.
I'm moving my stop to +10: if this were London or NY, I'd have more patience and confidence.
  • #5,258
  • Aug 20, 2009 9:10pm Aug 20, 2009 9:10pm
Quoting ddaytrader
I have had some real nice runners during Asia, but once I get +20, I go to BE on the stop loss.

Perhaps you are on to something. I think maybe use 20-25 pips as a TP1, or maybe use 3 TP's, and take 25% at TP1 (20-25 pips), 25% at TP2, and 50% at TP3.

Who knows? Right now O would like to see a new low, and I will lower my stop loss to +12.
It is logical to expect, if there is going to be a good run sometime later in the day, that whatever the asian session starts in that direction, there is going to be a pullback to allow the FO/LO/USO to also have an attractive starting position. It may not always be that way, but because it is logical, if it can be that way then the professional traders involved WILL MAKE IT HAPPEN THAT WAY. The conclusion then is that most of the time, regarding such pending runs (which we would have no prior knowledge of), an asian run and then a pullback starting in the asian session, portends a better run and a new upcoming more advantageous starting point for the rest of the big boys...(either that, or a possible reversal).

So, if we end asian session trades at 20+ pips, if we get a pullback then all the better to get back in higher, or not be in at all if there is a reversal going on until we analyze it. If we do not get a pullback, and this would be infrequently, then the run is likely to also be quite a thing, and offering re-entries along the way.

What do you think?
  • #5,259
  • Aug 20, 2009 9:11pm Aug 20, 2009 9:11pm
Quoting ddaytrader
I'm moving my stop to +10: if this were London or NY, I'd have more patience and confidence.
Moved stop to +18
  • #5,260
  • Aug 20, 2009 9:23pm Aug 20, 2009 9:23pm
Quoting ddaytrader
Moved stop to +18
I'm out with +18 and I have to get some sleep or I won't wake up in time for the NY Open.

Good Luck in London, and I'll see you on the other side of the night.
30 traders viewing now