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Sonic R. System

  • #6,201
  • Sep 11, 2009 5:14am Sep 11, 2009 5:14am
USD/CHF possible trade.
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cut losses short, let profits run.
  • #6,202
  • Sep 11, 2009 5:16am Sep 11, 2009 5:16am
  •  nerd
  • | Joined Jul 2008 | Status: Fate loves the fearless. | 48 Posts
Quoting traderathome
It is a matter of giving more time for the WAVE to establish itself. Look at chart now and you can see there was no wave back then, unless you were "forcing" one to be there. But now we can see how the WAVE may be starting to form.
dat was very clear TAH...i now understand it pretty good...

thanks alot buddy !!
  • #6,203
  • Sep 11, 2009 5:24am Sep 11, 2009 5:24am
Quoting Domas4
USD/CHF possible trade.
Domas4, and that looks like a good entry area. See the Weekly mS3 is there at 1.0381....when PA clears the bodies of all those candles at the pevious high, and the 89ema, and WmS3, it will be demonstrating good strength. And there is that high relative volume at the previous lows, too.
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  • #6,204
  • Sep 11, 2009 5:28am Sep 11, 2009 5:28am
Quoting nerd
dat was very clear TAH...i now understand it pretty good...

thanks alot buddy !!

nerd, u gotta brush up ur sonic manual.

feel free to ask q
trade safe
  • #6,205
  • Sep 11, 2009 5:31am Sep 11, 2009 5:31am
Quoting Basber
I'm Waiting For This, If It Happen Before USO.

Regards,
Basber

looks like its coming~

it aint gonna range, hopefully
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trade safe
  • #6,206
  • Sep 11, 2009 5:53am Sep 11, 2009 5:53am
  •  nerd
  • | Joined Jul 2008 | Status: Fate loves the fearless. | 48 Posts
Quoting zz_zhang
nerd, u gotta brush up ur sonic manual.

feel free to ask q
yup zhang...feels like a long way to go..but da point is itz enjoying n informative..n most importantly, it pays well in da end...
  • #6,207
  • Sep 11, 2009 6:05am Sep 11, 2009 6:05am
Hi,

I see a sonic trend at GU.

Sell stop: 1.6650
SL:1.6725
TP1: 1.6615
TP2: 1.6535

I will move the SL to BE if TP1 hit. Please comment and advise on the setup. Thanks
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  • #6,208
  • Sep 11, 2009 6:06am Sep 11, 2009 6:06am
Quoting traderathome
So, while I respect WHEN the news hits, because it may set off one of these profit making manipulations of the "big boys", I don't much listen to WHAT the news is.

I'll say it again, while "news" is sometimes a reason for the price to move, it is more often just an excuse to move it.
Great post, TAH, I would agree with your opinion concerning the news and its real relation to the markets.
  • #6,209
  • Sep 11, 2009 6:10am Sep 11, 2009 6:10am
Quoting sonicdeejay
I am glad and honoured that I have you here in my thread, while helping others and helping myself to be a better trader…

Sonic
Thank you, Sonic, not only for the compliment but also for sharing your system with us.

I have found that by helping others, I have been helping myself. I have definately improved as a result of participating here in your thread.

Thank you,

-DD
  • #6,210
  • Sep 11, 2009 6:13am Sep 11, 2009 6:13am
Quoting nerd
i shorted EURUSD @ 1.4588 wid my SL @ 1.4633...

any comments/suggestions...
I see a High.

I see a low, but that ow does not close below the dragon.

I see a lower high.

I see a lower low that closes below the dragon.

Your entry point would be below the lower low. SonicR short never triggered. Price rallied through the trade band, and is now setting up a potential SonicR long. (Sorry, I do not have time to do a chart, but maybe when I get back in later today I will post a pic to show whay I mean.

Bottom line, your entry was not SonicR. It was too early.
  • #6,211
  • Sep 11, 2009 6:17am Sep 11, 2009 6:17am
Quoting zz_zhang
ur 1st Low nv really cls below the dragon. (BLUE BOX)

here's wad i see.

but den, we are on the same boat against the same currency.

So may the pips be with us.
Quoting traderathome
SonicR method puts entry just BELOW the extremity of the farthest reaching candle before PA pulls back, right? That would be in blue area on chart, if I understand it correctly.

Edit: From Sonic's #12 post..... where the "white line" is the lower boundary of the Sonic Dragon........

Sell
Look for the candle go below lower white line and wait till the candle ends...and put the "Sell stop" few pips below the "Low" of that candle.
I didn't see zz's and TAH's posts before I responded to nerd's EU short post. I think he three f us all are saying the same thing: The entry point, according to SonicR was never triggered.
  • #6,212
  • Sep 11, 2009 6:23am Sep 11, 2009 6:23am
Hi DDaytrader and others,

I know that today's price action on EUR/USD is very risky, so I am on the sideline, but I do have a question about a possible long. Would you trade this, where the vertical green line is? If not, why not?

Thanks for the education.
Ed
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Up or down, gimme a ticket
  • #6,213
  • Sep 11, 2009 6:27am Sep 11, 2009 6:27am
Quoting sonicdeejay
For this GU. I am anticipating to fall/retrace...

Here is my sell stop...Since the SELL is against the major trend...I am not aiming many pips for this one...

Sonic
Hi Sonic, I see you Sell stop is not 7 pips below the lowest point of the candle. Can you please elaborate. Thanks.
  • #6,214
  • Sep 11, 2009 6:30am Sep 11, 2009 6:30am
Quoting SpecialEd
Hi DDaytrader and others,

I know that today's price action on EUR/USD is very risky, so I am on the sideline, but I do have a question about a possible long. Would you trade this, where the vertical green line is? If not, why not?

Thanks for the education.
Ed
Hi Ed,

I made a post on the previous page where I said a SonicR long was potentially setting up. I am not trading today (this will be my last post until later this afternoon) but if I were trading, I would have taken a long there if PA had given a more clear pullback wave. It is now pulling back, after having broken the top of the bar you reference. If that pullback is clear, lasts at least 2-3 bars, then a buy stop above 1.461x would be a SonicR long. Just be awate that you would be buying into heavt resistance there and just above, so it might be quickly reversed.

Sorry, I have no time to post a chart. I'm out of here.

Good Luck,

-DD
  • #6,215
  • Sep 11, 2009 6:30am Sep 11, 2009 6:30am
Quoting ddaytrader
Hi Ed,

I made a post on the previous page where I said a SonicR long was potentially setting up. I am not trading today (this will be my last post until later this afternoon) but if I were trading, I would have taken a long there if PA had given a more clear pullback wave. It is now pulling back, after having broken the top of the bar you reference. If that pullback is clear, lasts at least 2-3 bars, then a buy stop above 1.461x would be a SonicR long. Just be awate that you would be buying into heavt resistance there and just above, so it might...
I'm good with that. Thanks for taking the time. Go see your friend!
Up or down, gimme a ticket
  • #6,216
  • Edited 6:46am Sep 11, 2009 6:36am | Edited 6:46am
Quoting SpecialEd
Hi DDaytrader and others,

I know that today's price action on EUR/USD is very risky, so I am on the sideline, but I do have a question about a possible long. Would you trade this, where the vertical green line is? If not, why not?

Thanks for the education.
Ed
Ed, to go SonicR long, the setup would have to be triggered something like shown in chart.

Edit: And if more time goes by without that setup happening, then you may have to wait for something like shown in second chart.
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  • #6,217
  • Sep 11, 2009 6:43am Sep 11, 2009 6:43am
Could this be a potential Sonic R long?

The price never closed below the dragon, but closed above the channel second time lower than it did the first first time. This takes us back to one of the first posts in this thread where we move our EP point lower. Correct me if I'm wrong.

The trade itself though doesn't look good to me, as we would be buying into resistance, but we still couyld make easy 20 pips or so. Any comments?
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  • #6,218
  • Sep 11, 2009 6:46am Sep 11, 2009 6:46am
Quoting traderathome
Ed, to go SonicR long, the setup would have to be triggered something like shown in chart.
So above today's high and past some of that 4610/4620 mess. Thanks Trader. I see you have your test pivot indi working well. I will have to go back and play with mine. v7 right?
Up or down, gimme a ticket
  • #6,219
  • Sep 11, 2009 6:50am Sep 11, 2009 6:50am
Quoting snusnufreak
Could this be a potential Sonic R long?

The price never closed below the dragon, but closed above the channel second time lower than it did the first first time. This takes us back to one of the first posts in this thread where we move our EP point lower. Correct me if I'm wrong.

The trade itself though doesn't look good to me, as we would be buying into resistance, but we still couyld make easy 20 pips or so. Any comments?
A candle did close below the Dragon. It is pointed to in the chart.
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  • #6,220
  • Sep 11, 2009 6:51am Sep 11, 2009 6:51am
hi guyz here is my trade of the day just -22 sl risk and profit tpq 35 + and 2nd TP 70 + ,well any comments .

Muhammad
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