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Sonic R. System

  • #6,361
  • Sep 18, 2009 6:04am Sep 18, 2009 6:04am
Quoting Domas4
Great, thanks. It will clean up my chart.
Just make sure you don't get confused - the dots show buy and sell signals and sometimes the go a bit early or a bit late. But the overall picture still can be seen pretty well.
  • #6,362
  • Sep 18, 2009 8:24am Sep 18, 2009 8:24am
Move my SL near 1.646x..
Hope u guys pipping too...

Sonic
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  • #6,363
  • Sep 18, 2009 4:33pm Sep 18, 2009 4:33pm
E/U :
Picture 1 & 2 & 3 : There Is a Resistance At 1.4700 As We See On Weekly Chart, And On Daily TF a Hanging Man Candle Stick Formed And RSI Is OverBought. In H4 TF, We See a Very Powerful Divergence And It Tells Me This Pair May Drop Any Day. I Will Look For Short IF I SAW A SONICR ENTRY In Next Trading Days. If It Goes For a Long Position, I'll Stand Aside Because Of The OverBought. Even If It Wants To Go Up, I'll Expect a Retrace, That's Why I Don't Like To Long This Pair.

G/U :
Picture 4 & 5 : After Price Failed To Break 50% Fib Retracement, Price Drops, And Now We Are Close To Have a H&S Pattern In Daily TF. After Breaking The Neckline, I'll Short The Pair IF I SAW A SONICR SETUP.

U/J :
Picture 6 & 7 : Price Broke The Resistance And Retested It And According To Daily Trend In The Pic, I'll Look For Short Position IF I SAW A SONICR SETUP In Next 2 Or 3 Trading Days.

To Be Continued ...
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Trading methods are designed to put the odds in our favor, not predicting.
  • #6,364
  • Sep 18, 2009 4:36pm Sep 18, 2009 4:36pm
... Continue From Previous Post.


G/J :
Picture 1 : Like I Said In Previous Analyze, It's Making a Double Tops Pattern, I'll Look For Short SonicR Setups After Price Break The Neckline.

E/G :
Picture 2 : Price Is About To Hit 61.8% Fib Of The Last Bearish Movement And In Daily TF It's In Overbought Area. I'll Look For Short Setups IF I SAW A SONICR SETUP In Next Monday Or Tuesday.

Regards,
Basber
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Trading methods are designed to put the odds in our favor, not predicting.
  • #6,365
  • Sep 18, 2009 4:55pm Sep 18, 2009 4:55pm
Quoting traderathome
Basber, are you using a fib retracement, or a fib extension indy that is separate from the built-in tools? It looks like you are, because the three level lines you show in your screenshot seem to be disconnected from anything else a built-in study would show. Would you mind posting this/these indicator(s)? I have been looking for alternatives to the built-ins. Thank you, Basber.
Sorry TAH For The Late Answer.
It's The Fibonacci Expansion That Is In Indicators List Of MetaTrader, It's Nothing Special.

Regards,
Basber
Trading methods are designed to put the odds in our favor, not predicting.
  • #6,366
  • Sep 18, 2009 8:10pm Sep 18, 2009 8:10pm
Quoting sonicdeejay
Still holding my short...Been busy lately as t proj I take charge is on due to delivery soon...it should be all over by end of month...

I am around time to time thou...
Sonic

I am trying to follow Sonics footsteps in that GBP/USD trade to help me get a better understanding of entry. However this may have just opened another can of worms, as the pin bar I think Sonic saw as a setup, was on Sep 11, that is eight days ago. Also, after that pinbar or shooting star, this pair was ranging like mad with Higher lows following Lower Lows on M15 untill Sep 13 and the entry looks to be like a Sunday candle.

I think I have simply confused myself further!
Attached Image(s) (click to enlarge)
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Starting to see instead of just looking.
  • #6,367
  • Sep 18, 2009 8:40pm Sep 18, 2009 8:40pm
BASBER.

Thanks for showing us your more than superb analytical skills, it is something that encourages me to study more dilligently, and sheds light on the path where I fell into the pit holes in the road.

Very nice to see such sharing and caring for others.
Starting to see instead of just looking.
  • #6,368
  • Sep 19, 2009 3:06am Sep 19, 2009 3:06am
Quoting Basber
... Continue From Previous Post.


G/J :
Picture 1 : Like I Said In Previous Analyze, It's Making a Double Tops Pattern, I'll Look For Short SonicR Setups After Price Break The Neckline.

E/G :
Picture 2 : Price Is About To Hit 61.8% Fib Of The Last Bearish Movement And In Daily TF It's In Overbought Area. I'll Look For Short Setups IF I SAW A SONICR SETUP In Next Monday Or Tuesday.

Regards,
Basber...
basber, very nice info given.

apreciate it
trade safe
  • #6,369
  • Sep 19, 2009 4:27am Sep 19, 2009 4:27am
Always awesome!
Have already learned from Sonic how to take a 15 minutes trade, now to learn how to keep a trade long as far as the trend keeps.
Thanks Sonic!

Quoting sonicdeejay
Move my SL near 1.646x..
Hope u guys pipping too...

Sonic
Be a friend, My skype id: helloworldsh
  • #6,370
  • Sep 20, 2009 11:11pm Sep 20, 2009 11:11pm
Hi Sonic,

I am back trading again. I hope to contribute to your thread too....need to read more on your v3
May the pips be with me !!!
  • #6,371
  • Sep 21, 2009 1:50am Sep 21, 2009 1:50am
Quoting Domas4
Great, thanks. It will clean up my chart.
No it won't, domas4! If THAT is clean, then you best just remove some stuff! (heh, heh).

Well, like ddaytrader encourages us to do, keep charts real simple and a keen eye to ferret out the wave and the major S&Rs.
  • #6,372
  • Sep 21, 2009 1:58am Sep 21, 2009 1:58am
Quoting Rastaman
I am trying to follow Sonics footsteps in that GBP/USD trade to help me get a better understanding of entry. However this may have just opened another can of worms, as the pin bar I think Sonic saw as a setup, was on Sep 11, that is eight days ago. Also, after that pinbar or shooting star, this pair was ranging like mad with Higher lows following Lower Lows on M15 untill Sep 13 and the entry looks to be like a Sunday candle.

I think I have simply confused myself further!
Here is a good example of how a H4 chart can show significantly different from one broker/server location to another server location. I think ODL MT4 is at GMT, but might be mistaken. FXDD MT4 is 3 hours ahead of GMT. Look how differently that "pin bar" Sonic referred to appears on the MT4 chart whose server is in different time zone than that which ODL has.
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  • #6,373
  • Sep 21, 2009 2:17am Sep 21, 2009 2:17am
EU M15: While the SonicR entry was per black wave and blue Ep, I believe a very good entry is in yellow area. Look how prior PA found that area as support or resistance. If PA breaks down thru it, it bodes well, imho, for a short trade. I view recent past PA as the Big Boys whipsawing price while changing from long to short....over many days they have been coaxing retailers to go long, so they could sell their longs, or sell short. It is reasonable that today, either now that we have LO and with USO yet to come, PA will be rammed back up yet another time....the process the Big Boys are engaged in is not a speedy one. But, as I see it, eventually PA will break down thru that yellow area, which would then likely become resistance again, by another ram up to "test" it.
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  • #6,374
  • Sep 21, 2009 2:21am Sep 21, 2009 2:21am
Those who are in EU, i can see that Friday's low is quite strong support.........just my opinion.....
May the pips be with me !!!
  • #6,375
  • Sep 21, 2009 2:29am Sep 21, 2009 2:29am
Quoting ahlude
Those who are in EU, i can see that Friday's low is quite strong support.........just my opinion.....
Yep. For days now, PA has been in what has turned out to be a 100+ pip range, with Friday's low near the bottom of that range. There has been some whipsawing in that range. Possibly syndicate traders jacking the price around while they change position.
  • #6,376
  • Sep 21, 2009 2:42am Sep 21, 2009 2:42am
Quoting traderathome
Here is a good example of how a H4 chart can show significantly different from one broker/server location to another server location. I think ODL MT4 is at GMT, but might be mistaken. FXDD MT4 is 3 hours ahead of GMT. Look how differently that "pin bar" Sonic referred to appears on the MT4 chart whose server is in different time zone than that which ODL has.

I hear you T.

It looks more like a doji thana pin bar on your chart, I guees the bullish hammer type shooting star on the chart below would work equally as well?
Or are there other factors about the diference in these two candles to consider?
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Attached Image
Starting to see instead of just looking.
  • #6,377
  • Sep 21, 2009 3:21am Sep 21, 2009 3:21am
Quoting Rastaman
I hear you T.

It looks more like a doji thana pin bar on your chart, I guees the bullish hammer type shooting star on the chart below would work equally as well?
Or are there other factors about the diference in these two candles to consider?
On my chart, it looks like a doji, or a spinning top. On your chart, you see it as a shooting star, but also looks like a pin bar. However it looks, on anybody's chart, the results have been the same. It was a period where selling was finally sufficient to arrest upwards progress of price.
  • #6,378
  • Sep 21, 2009 4:54am Sep 21, 2009 4:54am
Quoting traderathome
On my chart, it looks like a doji, or a spinning top. On your chart, you see it as a shooting star, but also looks like a pin bar. However it looks, on anybody's chart, the results have been the same. It was a period where selling was finally sufficient to arrest upwards progress of price.

Yes, it was a major sign of a reversal on either chart.
So, I take it that the timezone of the broker is not that important with SonicR as with some other systems where the open and close of the candle is important?

Thanks for the iinput T
Starting to see instead of just looking.
  • #6,379
  • Sep 21, 2009 5:01am Sep 21, 2009 5:01am
Hi guys,

Based on daily chart, there's a hammer forming on Friday's closing thus might be a trend reversal coming up. There is also a strong support uptrend trendline (red) since Feb 2009. I forsee EU might drop back and test the TL again before heading north again.

Comments anyone ?
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May the pips be with me !!!
  • #6,380
  • Sep 21, 2009 5:15am Sep 21, 2009 5:15am
Quoting ahlude
Hi guys,

Based on daily chart, there's a hammer forming on Friday's closing thus might be a trend reversal coming up. There is also a strong support uptrend trendline (red) since Feb 2009. I forsee EU might drop back and test the TL again before heading north again.

Comments anyone ?
thanks for the info ahlude,

might wanna look for shorting opportunity till it touch the TL
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trade safe
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