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Sonic R. System

  • #5,601
  • Aug 27, 2009 6:34am Aug 27, 2009 6:34am
Hi,

I have setup on EJ buy stop at 134.83. Not yet excecute. If the price drop below 134.31, I will cancel it. Please advise and comment. Thanks.

Regards...
Attached Image (click to enlarge)
Click to Enlarge Name: ej sonic.gif Size: 37 KB
  • #5,602
  • Aug 27, 2009 6:47am Aug 27, 2009 6:47am
Hi Sonic,

what do you think of long EU. I am thinking of it and i will wait for US PIB.

But around 1.4278 could be a good entry point?
  • #5,603
  • Aug 27, 2009 6:55am Aug 27, 2009 6:55am
Quoting ag_fx
A possible set up for Long on AUDUSD?

Any comments please.
AUDUSD trget met. I would request sonic to please comment on its validity.I had posted this set in morning Here


AG

PS: I am learning and this was on Demo account.
Attached Image (click to enlarge)
Click to Enlarge Name: aum1527aug02.gif Size: 40 KB
  • #5,604
  • Aug 27, 2009 6:56am Aug 27, 2009 6:56am
Quoting Kabuto
Hi Sonic,

what do you think of long EU. I am thinking of it and i will wait for US PIB.

But around 1.4278 could be a good entry point?
Rem, NPNT - NO PIC NO TALK

let me assist u
Attached Image (click to enlarge)
Click to Enlarge Name: eu.jpg Size: 176 KB
trade safe
  • #5,605
  • Aug 27, 2009 7:00am Aug 27, 2009 7:00am
Quoting ddaytrader
EJ Short +65 and I am moving my stop to +40, so the worst case on the EJ short right now is +65 + 40 = +105/2 = +52.50 pips

TP2 is at +90, so best case is +65 + 90 = 155/2 = +77.50 pips

I'm going to bed, so I'll find out in the morning which is it is to be.
EJ hit my +40SL so the trade was +52.50 profit. As you can see, in this case leaving the stop loss on the second position at BE per Sonic's MM would have allowed me t stay in the trade until TP2 for +90. This cost me 25 pips profit on the trade. In Euro or US, I would have kept SL at BE. But during Asia, especially close to the Tokyo morning session break, I tighten SL up.
Attached Image (click to enlarge)
Click to Enlarge Name: EJ 8-26-2009 Sonic Short +65 +401.jpg Size: 144 KB
  • #5,606
  • Aug 27, 2009 7:01am Aug 27, 2009 7:01am
Quoting ag_fx
EU M15 Long set up and triggerred.
Any views pls

Ps: I am on demo as of now.

EU long triggerred in the morning. Tgt met. My post Here

I dont know how to include the the pic from my original post in this post?can someone help me.
Attached Image (click to enlarge)
Click to Enlarge Name: eum1527aug02.gif Size: 39 KB
  • #5,607
  • Aug 27, 2009 7:08am Aug 27, 2009 7:08am
Quoting ddaytrader
EJ hit my +40SL so the trade was +52.50 profit. As you can see, in this case leaving the stop loss on the second position at BE per Sonic's MM would have allowed me t stay in the trade until TP2 for +90. This cost me 25 pips profit on the trade. In Euro or US, I would have kept SL at BE. But during Asia, especially close to the Tokyo morning session break, I tighten SL up.

Very nice ~

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  • #5,608
  • Aug 27, 2009 7:10am Aug 27, 2009 7:10am
Quoting p2pfast
Hi,

I have setup on EJ buy stop at 134.83. Not yet excecute. If the price drop below 134.31, I will cancel it. Please advise and comment. Thanks.

Regards...
I see the same thing p2p. I have a different broker than you, so my EP is 133.81 (and no trigger yet).

EP 133.81
SL 133.51
TP1 134.11 (+30)
TP2 134.41 (+60)

I see 134.01 as real resistance, and if this trade triggers, and price reaches 134 and reverses, I will move my SL to BE. But that is me.
Attached Image (click to enlarge)
Click to Enlarge Name: EJ 8-27-2009 Sonic Short1.jpg Size: 148 KB
  • #5,609
  • Aug 27, 2009 7:24am Aug 27, 2009 7:24am
Quoting pipoca
sonic setup long on EJ.

Am I correct ?
Hi pipoca,

I see what you are going for here, and I think you are close. I have a long entry a bit lower than yours. Your entry is actually very dangerous as it is a) close to resistance and b) far above the Sonic Dragon.

I already posted my chart right above this in post 5608.
  • #5,610
  • Aug 27, 2009 7:27am Aug 27, 2009 7:27am
Has everyone done his or her S/R work on h1 TF?

Here is mine on EU & EJ.
Attached Image(s) (click to enlarge)
Click to Enlarge Name: EU 8-27-2009 B&W SR1.jpg Size: 88 KB
Click to Enlarge Name: EJ 8-27-2009 B&W SR1.jpg Size: 87 KB
  • #5,611
  • Aug 27, 2009 7:35am Aug 27, 2009 7:35am
Quoting ddaytrader
I see the same thing p2p. I have a different broker than you, so my EP is 133.81 (and no trigger yet).

EP 133.81
SL 133.51
TP1 134.11 (+30)
TP2 134.41 (+60)

I see 134.01 as real resistance, and if this trade triggers, and price reaches 134 and reverses, I will move my SL to BE. But that is me.
should be trigger let see wad we got
trade safe
  • #5,612
  • Aug 27, 2009 7:46am Aug 27, 2009 7:46am
Quoting ddaytrader
Has everyone done his or her S/R work on h1 TF?

Here is mine on EU & EJ.
Just comparing your S&R to this auto S&R indi, so that I know if I need to ditch it or not.
Attached Image(s) (click to enlarge)
Click to Enlarge Name: Untitled-1.jpg Size: 403 KB
Click to Enlarge Name: ej.jpg Size: 400 KB
Starting to see instead of just looking.
  • #5,613
  • Aug 27, 2009 8:13am Aug 27, 2009 8:13am
Went long even if the candles were not above the 3 34MA's



Who needs a good Pivot Point indicator with GMT settings:

http://www.forexfactory.com/showthre...43#post2997943
Attached Image (click to enlarge)
Click to Enlarge Name: asd.gif Size: 51 KB
cut losses short, let profits run.
  • #5,614
  • Aug 27, 2009 8:24am Aug 27, 2009 8:24am
Quoting Domas4
Went long even if the candles were not above the 3 34MA's



Who needs a good Pivot Point indicator with GMT settings:

http://www.forexfactory.com/showthre...43#post2997943
Thx for ur gr8 share...

Sonic
  • #5,615
  • Aug 27, 2009 8:57am Aug 27, 2009 8:57am
I propose a short on EJ,
Attached Image (click to enlarge)
Click to Enlarge Name: ej 27.08.09a.gif Size: 39 KB
  • #5,616
  • Aug 27, 2009 9:03am Aug 27, 2009 9:03am
Quoting pipoca
I propose a short on EJ,
Nice short u have..
but careful @ prev low level..

See Blu line..

Sonic
Attached Image (click to enlarge)
Click to Enlarge Name: gu4.gif Size: 32 KB
  • #5,617
  • Aug 27, 2009 9:29am Aug 27, 2009 9:29am
Quoting pipoca
I propose a short on EJ,
Nice call, pipoca!

I did an early entry using M5

EP 133.67
SL 133.85 (-22)
TP1 133.27 (+40)
TP2 132.67

Current SL is 133.27 so worst case is a +40 trade

If TP2 is hit, then it is a best case +70 trade

My long EJ was stopped in at 133.81, with 133.51 stop loss. MY plan was that if 134.01 were hit (and it was) I would move my stop loss to BE. Unfortunately, my stop loss should have been 133.50 (my fault: my broker does not have MT4, and I used another broker's price feed to set my stop loss - the perils of changing to a new broker!) S0 that trade should have been BE, but my error cost me 30 pips, as I was stopped out before pricer advanced to 134.0x.
Attached Image(s) (click to enlarge)
Click to Enlarge Name: EJ 8-27-2009 Short1.jpg Size: 9 KB
Click to Enlarge Name: EJ 8-27-2009 M5 Short1.jpg Size: 141 KB
  • #5,618
  • Aug 27, 2009 9:29am Aug 27, 2009 9:29am
I am worrying about the blue line support, thanks to Sonic to notice to me

I set the SL @ BE (for me 133.32)
Attached Image (click to enlarge)
Click to Enlarge Name: ej 27.08.09b.gif Size: 39 KB
  • #5,619
  • Aug 27, 2009 9:36am Aug 27, 2009 9:36am
Quoting pipoca
I set the SL @ BE (for me 133.32)
Hi pipoca,

Your EP seems very low to me. Might you explain how you determined your EP and SL?

To me, using M15, early entry would have been high 133.5x - low 133.6x,
and more conservative entry would have been high 133.4x- low 133.5x

Your EP seems at least 15 pips too late. Maybe Sonic or someone else might care to comment.


Quoting ddaytrader
Current SL is 133.27 so worst case is a +40 trade
+40 and now flat
  • #5,620
  • Aug 27, 2009 10:17am Aug 27, 2009 10:17am
Quoting ddaytrader
Nice call, pipoca!

I did an early entry using M5

EP 133.67
SL 133.85 (-22)
TP1 133.27 (+40)
TP2 132.67

Current SL is 133.27 so worst case is a +40 trade

If TP2 is hit, then it is a best case +70 trade

My long EJ was stopped in at 133.81, with 133.51 stop loss. MY plan was that if 134.01 were hit (and it was) I would move my stop loss to BE. Unfortunately, my stop loss should have been 133.50 (my fault: my broker does not have MT4, and I used another broker's price feed to set my stop loss - the perils of changing to a new broker!) S0 that...
my ej long cls @ BE 133.81

earlier miss out a A/U long entry pointed out thanks to ag fx, but i went on a Short A/U TL trade see it might be a potential reverse.

hope u guys understand.

S/l shifted to BE . let see wad we got
Attached Image (click to enlarge)
Click to Enlarge Name: au.jpg Size: 184 KB
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