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Sonic R. System

  • #5,621
  • Aug 27, 2009 11:22am Aug 27, 2009 11:22am
This is what I think I see. On the 15-min I am waiting on a retrace before puting in a long position. The 4-hr may form a Hammer. Does anyone agree? Any help is greatly appreciate. Got caught by the news this morning
Attached Image
  • #5,622
  • Aug 27, 2009 11:29am Aug 27, 2009 11:29am
Quoting heartstart
This is what I think I see. On the 15-min I am waiting on a retrace before puting in a long position. The 4-hr may form a Hammer. Does anyone agree? Any help is greatly appreciate. Got caught by the news this morning
Looks like a good set up for long. Look at the H1 chart attached. A double bottom is seen and target possible cud be the fibo 23.6% retrace level.
Attached Image (click to enlarge)
Click to Enlarge Name: guh127aug.gif Size: 23 KB
  • #5,623
  • Aug 27, 2009 11:59am Aug 27, 2009 11:59am
i notes that ur not working for the last 2 days maybe becoz of the low movement of market price, my advise is check the oil coz everyday ther is 1 or 2 chanc to trade and u can made a good pip from it
  • #5,624
  • Aug 27, 2009 12:21pm Aug 27, 2009 12:21pm
Thanks DD
  • #5,625
  • Aug 27, 2009 12:22pm Aug 27, 2009 12:22pm
You too agfx
  • #5,626
  • Aug 27, 2009 12:27pm Aug 27, 2009 12:27pm
Quoting heartstart
You too agfx
I hope you havent taken a postion yet. We should wait for a Higher Low to be formed before taking a Long position. Esp today when prices have been erratic to say the least.
  • #5,627
  • Aug 27, 2009 1:24pm Aug 27, 2009 1:24pm
Quoting heartstart
This is what I think I see. On the 15-min I am waiting on a retrace before puting in a long position. The 4-hr may form a Hammer. Does anyone agree? Any help is greatly appreciate. Got caught by the news this morning
Here is one way to trade L-H-HL that are below the dragon (GU) and also an EJ long that just hit TP1
Attached Image(s) (click to enlarge)
Click to Enlarge Name: GU 8-27-2009 Advanced Sonic Long1.jpg Size: 117 KB
Click to Enlarge Name: EJ 8-27-2009 Sonic Long.jpg Size: 154 KB
  • #5,628
  • Aug 27, 2009 1:36pm Aug 27, 2009 1:36pm
Call me a millionaire now.
Attached Image (click to enlarge)
Click to Enlarge Name: dsa.gif Size: 46 KB
cut losses short, let profits run.
  • #5,629
  • Aug 27, 2009 1:38pm Aug 27, 2009 1:38pm
What a move!!!!!!!!! is there any news?all pairs spikeddddddddddddddd
  • #5,630
  • Aug 27, 2009 1:42pm Aug 27, 2009 1:42pm
Quoting ag_fx
What a move!!!!!!!!! is there any news?all pairs spikeddddddddddddddd
I think it was the news about 7 year bond auction that set things off...Markets were a little late to react to the news...lol

As soon as I heard about the aution I closed my positions, Bond auctions always make the market sensitive...

Lol I was going to hold my USD/CHF position but closed it

I got scared

Missed +100 pips ah well you win some you lose some...
  • #5,631
  • Aug 27, 2009 1:49pm Aug 27, 2009 1:49pm
Quoting ddaytrader
Here is one way to trade L-H-HL that are below the dragon (GU) and also an EJ long that just hit TP1
EJ hit tp2



And if I may say, there is an awful lot of chit chat going on here -

Remember Sonic's rule: No picture, no post.

If your post doesn't need a picture, then it probably doesn't need to be posted. It is a waste of time chasing us back here to read what are essentially PM's to individuals or irrelevant market commentary. Chit chat will kill this thread.
Attached Image (click to enlarge)
Click to Enlarge Name: EJ 8-27-2009 Sonic Long1.jpg Size: 150 KB
  • #5,632
  • Aug 27, 2009 2:26pm Aug 27, 2009 2:26pm
yeah Amin i m side way thses tow days bcoz 00 is better then negative and i thought i missed that moves but no worry there is always next opportunity..
i really appreciate other soonikers like DD got nice pips..CONGARATS DD


Quoting amin wakileh
i notes that ur not working for the last 2 days maybe becoz of the low movement of market price, my advise is check the oil coz everyday ther is 1 or 2 chanc to trade and u can made a good pip from it
FxHome
  • #5,633
  • Edited 4:18pm Aug 27, 2009 2:34pm | Edited 4:18pm
Quoting ddaytrader
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.




+40 and now flat
hello, i am a newbie. But i think I was right with my entry (maybe 5 to 10 pips too late). I waited the candle closing below the Dragon.

For me, you did a wave analysis and find a lower low and a lower high, but your EP is in the dragon. I think it is not a sonic trade.(I am not saying that was a bad trade.). Someone can comment please.

I would love to take trade on wave analysis only, and not waiting for the candle closing outside the dragon. But I don't have yet a proper strategy.

My target was too far away. Too optimistic. I figured that it could break the blue support (see sonic remark) and go way down 132.50, because I like round number for target and with my late entry (EP 133.35). More Sonic rules says that 80 pips for SL on a Yen based trade it is a minimum. So i needed space for this trade. TP at 133.00 was so better. I hope I will learn from this one . Thanks to all.

Your first target appears to me very logic now. I looked to 1h and 4h TF, and found good support there .

Potentially this trade could bring me 30 to 40 pips (this one was flat instead, with SL at BE).

I feel for easier to find a good stop, I understand that I need to hide behind something difficult to break and be difficult to be touched by stoploss hunting.
And I find very difficult to find good target. When i look to the trades given in the forum, I am suprise with the targets. They are far away, and that work well !!! That give a lot of good trade with 100 pips, and even 330 pips !!!

How to set a good target ? help please !

i think there is two case : one lot one TP, two lot two TP (one easy to reach the other to bring extra more pips)

Feel free to comment. I speak french and my english is sometines weird.
Attached Image (click to enlarge)
Click to Enlarge Name: ej 27.08.09c.gif Size: 40 KB
  • #5,634
  • Aug 27, 2009 3:04pm Aug 27, 2009 3:04pm
What markets do you guys trade. Looking at the posts and the system itself EUR/USD, GBP/USD, USD/CHF, EUR/JPY and USD/JPY are traded successfully.

Do the most experience sonicers trade all these pairs?

Can you share your experiences(from back testing, demo trading or live trading) on which pairs you use yourself and which work best.
  • #5,635
  • Aug 27, 2009 4:02pm Aug 27, 2009 4:02pm
Pictures say it all ...

Attached Image (click to enlarge)
Click to Enlarge Name: 28th-0438.gif Size: 50 KB


Attached Image (click to enlarge)
Click to Enlarge Name: 28th-0439.gif Size: 49 KB

  • #5,636
  • Edited 4:18pm Aug 27, 2009 4:08pm | Edited 4:18pm
Quoting pipoca
hello, i am a newbie. But i think I was right with my entry (maybe 5 to 10 pips too late). I waited the candle closing below the Dragon.

For me, you did a wave analysis and find a lower low and a lower high, but your EP is in the dragon. I think it is not a sonic trade. is sometines weird.
Hi pipoca,

First, welcome to Sonic's thread. I hope you stay and learn and do well.

Second, remember that SonicR is based upon wave analysis, price action, support and resistance. The indicators are secondary. Right now, you are correct to wait for the indicators to confirm your trades. But soon, once you have more confidence in wave analysis, you will be able to enter based on price action instead of entering based upon the indicators. A sonic trade is based upon wave analysis. So my trade was indeed a Sonic trade. As you read through the thread, you will find many examples from other Sonikers as well where entry was made before a close above/below the dragon.

Quoting pipoca
More Sonic rules says that 80 pips for SL on a Yen based trade it is a minimum. So i needed space for this trade.
This is not true right now. I have had many SonicR trades on Yen crosses where the stop loss is only 25-50 pips. The 80 pip SL was last year when the EJ and GJ were trading in 300-500 pip range each and every day. Volatility is low right now. Base your stop loss on Support and resistance, not an arbitrary rule like the 80 pip rule you mentioned.


Quoting pipoca
When i look to the trades given in the forum, I am suprise with the targets. They are far away, and that work well !!! That give a lot of good trade with 100 pips, and even 330 pips !!!
Again, you are looking at the early trades when the ranges were larger and volatility greater. Right now, a first profit target of 30-60 pips is common, with a second profit target of 60-120 pips is common. I have had trades were TP1 was 20 pips and TP2 was 40 pips. I have had others where TP1 was 100 pips and TP2 was 300 pips. But I do not decide this, the market does. Just like you should use Support and Resistance to set your stop loss, you should use Support and Resistance to set your Profit Targets.

Quoting pipoca
I speak french and my english is sometines weird.
Your Englsih is fine. If you want to hear weird, you ought to hear my French!

Again, welcome aboard. And remember this as well: You will learn more and learn faster by posting your charts and asking questions.

Good Luck!

ddaytrader
  • #5,637
  • Aug 27, 2009 4:40pm Aug 27, 2009 4:40pm
Quoting ddaytrader
Here is one way to trade L-H-HL that are below the dragon (GU)
Here is an update of the "advanced SonicR" on GU I posted earlier. I use four TP's: 161.8, 200, 262.8, 423 extensions of the first swing up from the Low. I anchor the three points of the extension at the Low, the High, and the Higher Low, and reverse this for shorts. As you can see, GU hit first 3 TPs for +30, +40, & +60. TP4 was +110, and price fell about 5 pips short.
Also, if stop loss was moved to BE after TP1 or TP2, then stop would have been hit before price moved to TP3 or TP4.

Quoting Muhammad989
i really appreciate other soonikers like DD got nice pips..CONGARATS DD
Thank you Muhammad. I am like you, even when I was missing pips last week because I was changing brokers, I was very happy to see you and other Sonikers collecting a bounty of pips. Even when I miss an entry, I always root for the SonicR to reach TP1 and TP2, because I know that somewhere in the world there is a fellow Soniker in the trade.

I will be careful tomorrow. It is Friday, so I will take no trade after about 11 AM NY time. After tomorrow, I will probably not trade until after US Labor Day holiday on September 7, 2010.
Attached Image (click to enlarge)
Click to Enlarge Name: GU 8-27-2009 Advanced Sonic Long2.jpg Size: 134 KB
  • #5,638
  • Aug 27, 2009 4:56pm Aug 27, 2009 4:56pm
Quoting bar
Can you share your experiences(from back testing, demo trading or live trading) on which pairs you use yourself and which work best.
Did you miss the first 5637 posts in this thread?
  • #5,639
  • Aug 27, 2009 5:23pm Aug 27, 2009 5:23pm
Hi,

I'm another newbie to this thread.
I was wondering if anyone can tell me or point me in the direction of some sort of contents or index pages for this thread?
I have read about the first 10 pages so far, but was just wondering if someone may have compiled a page of links to some of the 'best bits' and individual posts. Im especially interested in how to go about working out take profit levels.
If anyone thinks they can help please let me know. I would really appreciate it.

This is a great strategy, thanks everyone for sharing.
Look forward to sharing some ideas of my own soon - i hope.

Thanks again,
Leo

.....sorry to disrupt the flow of the thread.
  • #5,640
  • Aug 27, 2009 5:51pm Aug 27, 2009 5:51pm
Are either of these two highlighted setups valid? They both look quite similar to me but only one of them played out well.

Would appreciate peoples comments and thoughts on this picture to help out a learning newbie.
My only understanding so far is that there is significant support in the area around 1.61600.

Thanks, Leo
Attached Image (click to enlarge)
Click to Enlarge Name: GBPUSD_Sonic_1.png Size: 48 KB
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