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Sonic R. System

  • #6,621
  • Edited 10:22am Oct 7, 2009 5:37am | Edited 10:22am
I've Shorted GU. Let's See What Will Happen.

EDIT : SL Hit, -31 Pips.

Regards,
Basber
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Trading methods are designed to put the odds in our favor, not predicting.
  • #6,622
  • Oct 7, 2009 6:01am Oct 7, 2009 6:01am
Quoting Basber
I've Shorted GU. Let's See What Will Happen.

Regards,
Basber
Basber, if you have time, could you explain why you shorted GU with all this ranging going on?
Starting to see instead of just looking.
  • #6,623
  • Oct 7, 2009 6:22am Oct 7, 2009 6:22am
Quoting Rastaman
Basber, if you have time, could you explain why you shorted GU with all this ranging going on?
Sure RM,
It's Explained In The Pic. It Was Not This Ranging When I Entered The Trade. I Posted The Chart Later. When I Took The Trade, I Was Busy, So I Couldn't Post My Trade

Regards,
Basber
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Trading methods are designed to put the odds in our favor, not predicting.
  • #6,624
  • Oct 7, 2009 6:50am Oct 7, 2009 6:50am
Quoting Basber
Sure RM,
It's Explained In The Pic. It Was Not This Ranging When I Entered The Trade. I Posted The Chart Later. When I Took The Trade, I Was Busy, So I Couldn't Post My Trade

Regards,
Basber


I have probably got your EP wrong as, I can't understand why you would enter at the white line on my chart, before a lower low had been formed?
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Starting to see instead of just looking.
  • #6,625
  • Oct 7, 2009 7:10am Oct 7, 2009 7:10am
Quoting Rastaman
I have probably got your EP wrong as, I can't understand why you would enter at the white line on my chart, before a lower low had been formed?
After Making The Lower High ( As I Drew In Previous Pic) I Usually Enter After Candle Closes Below The Dragon And Price Goes Few Pips Below. I Usually Don't Wait For Breaking The Lower Low. As I Said , I Entered Before The Higher Low Formed. See The Pic.

There Are Two Different Approaches, You Can Enter After Break Of The Dragon Or Break Of The LL Or HH(In Long Entries), But I Prefer The First One Because Of The MM Matters. I Experienced If You Enter Few Pips Below/Above The Candle Which Closed Below/Above The Dragon, You'll Filter Many False BreakOuts. I Don't See Any Need To Break The Previous Low. Some Times It Will Return, But I Experienced That In Long Term, The Two Approaches Doesn't Make Much Different, Because By Entering Earlier, You'll Save Some Pips, And By Entering Later, You'll Save Some Losing Trades. I Don't Make Much Different In Conclusion.

It's Just My Opinion, Any Comments Are Welcomed.

Regards,
Basber
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Trading methods are designed to put the odds in our favor, not predicting.
  • #6,626
  • Oct 7, 2009 7:48am Oct 7, 2009 7:48am
Quoting Basber
After Making The Lower High ( As I Drew In Previous Pic) I Usually Enter After Candle Closes Below The Dragon And Price Goes Few Pips Below. I Usually Don't Wait For Breaking The Lower Low. As I Said , I Entered Before The Higher Low Formed. See The Pic.

There Are Two Different Approaches, You Can Enter After Break Of The Dragon Or Break Of The LL Or HH(In Long Entries), But I Prefer The First One Because Of The MM Matters. I Experienced If You Enter Few Pips Below/Above The Candle Which Closed Below/Above The Dragon, You'll Filter Many False...

Thanks for the explanation Basber.
I am trying to stick to the basic sonic R rules so I did not understand your entry. It was a just a little to advanced entry for me to comprehend at the moment. That said, it is indeed good to know once I get the rules fixed in my mind like a mantra.
Starting to see instead of just looking.
  • #6,627
  • Oct 7, 2009 10:21am Oct 7, 2009 10:21am


Regards,
Basber
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Trading methods are designed to put the odds in our favor, not predicting.
  • #6,628
  • Oct 7, 2009 6:59pm Oct 7, 2009 6:59pm
Quoting Basber


Regards,
Basber

Basber, please don't think I am trying to pick holes in your trades, I am not! I am trying to prepare myself for any possible psychological freak-out, if I experienced taking such a trade before I have to make the decision.

On H4 we can see a double bottom formed at the low of the H4 candle & also the current candle seems to be forming a bullish hammer.

If I were in such a short trade, would this be the time to get out of it?


Thanks in advance
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Starting to see instead of just looking.
  • #6,629
  • Oct 7, 2009 10:39pm Oct 7, 2009 10:39pm
Quoting Rastaman
Basber, please don't think I am trying to pick holes in your trades, I am not! I am trying to prepare myself for any possible psychological freak-out, if I experienced taking such a trade before I have to make the decision.

On H4 we can see a double bottom formed at the low of the H4 candle & also the current candle seems to be forming a bullish hammer.

If I were in such a short trade, would this be the time to get out of it?


Thanks in advance
I'm Not, I Completely Understand Why You Are Asking The Questions.
RM, It's Not a Double Bottom Until It Reverses AND BROKE THE NECKLINE, It May Be a Potential Double Bottom, But Now It's Just a S&R, I Took +30 Pips Few Hours Ago And Put My SL @ BE, And Now I Closed The Trade At +50 Pips (My TP Was At +55).

(The Reason I Closed My Trade 5 Pips Sooner Was The Divergence On Trix, It's The Main Reason For Me To When To Break Even Or When To Close Sooner, But Not Very Soon. I Didn't What To Rist 92% Profit For The 8% Rest [+50 Out Of +55])

Some Experienced Traders Believe That Patterns' Like CandleSticks.. For Example a Hammer Is Not a Hammer Until It Broke The High Of The Candle. It's a Potential Hammer, It's True About Patterns Too. Just I Said, It's Just a Support Area For Me, Not a Double Bottom. It Will Be a Double Bottom For Me If It Reverses And Broke The 90.4x Neckline.

That's Why Many Says That What For The PA To Break The Neckline Or Range Of a Pattern Or a PB(CandleStick).

I Hope I Was Clear

Regards,
Basber
Trading methods are designed to put the odds in our favor, not predicting.
  • #6,630
  • Oct 7, 2009 10:44pm Oct 7, 2009 10:44pm
Interesting Area. 50% Fibo Of The Last Move And MR1 Made a Strong Resistance. Let's See What Will Happen. I'll Look For Short Setups If Price Make a PB And Return Or It Will Seek For Long Setups If Price Broke 80.00 And Retested It.

Regards,
Basber
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Trading methods are designed to put the odds in our favor, not predicting.
  • #6,631
  • Oct 7, 2009 11:12pm Oct 7, 2009 11:12pm
Quoting Basber
I'm Not, I Completely Understand Why You Are Asking The Questions.
RM, It's Not a Double Bottom Until It Reverses AND BROKE THE NECKLINE, It May Be a Potential Double Bottom, But Now It's Just a S&R, I Took +30 Pips Few Hours Ago And Put My SL @ BE, And Now I Closed The Trade At +50 Pips (My TP Was At +55).

(The Reason I Closed My Trade 5 Pips Sooner Was The Divergence On Trix, It's The Main Reason For Me To When To Break Even Or When To Close Sooner, But Not Very Soon. I Didn't What To Rist 92% Profit For The 8% Rest [+50 Out Of +55])

Some...

Very clear explanation Basber. Many thanks for the time you took to explain.
Starting to see instead of just looking.
  • #6,632
  • Oct 7, 2009 11:18pm Oct 7, 2009 11:18pm
Quoting Rastaman
Very clear explanation Basber. Many thanks for the time you took to explain.
Your Quite Welcome RM, I'll Be Glad To Help, If I Could

Regards,
Basber
Trading methods are designed to put the odds in our favor, not predicting.
  • #6,633
  • Oct 7, 2009 11:49pm Oct 7, 2009 11:49pm
Quoting Basber
Your Quite Welcome RM, I'll Be Glad To Help, If I Could

Regards,
Basber

Funny, but after all these months of studying, It seems like riding a train, I seem to arrive at a station of thought, thinking I at last understand a certain aspect. Then, I move on to another station and realize I did not fully understand the last point of departure as I thought I had.
This seems to go on and on and then suddenly one aspect clicks in and I finally understand it and realize I had understood more than I previously thought but that the new aspect I learned, had allowed me to understand what I thought I had previously understood more clearly.

Perhaps, this is a process of learning and discarding then learning a new aspect and retracing ones steps to rediscover that which was not fully learned.

I just sent you a pm as I had lost my previous messenger login password.


Many thanks again.
Starting to see instead of just looking.
  • #6,634
  • Oct 8, 2009 12:05am Oct 8, 2009 12:05am
Just watching GBP/USD

It appears as if they have been slowly pumping it since just before the Tokyo open this morning. Looking at the H1 tf we appear to be at the perfect area to dump it, if that is their intention.
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Starting to see instead of just looking.
  • #6,635
  • Oct 8, 2009 1:45am Oct 8, 2009 1:45am
Quoting Rastaman
Just watching GBP/USD

It appears as if they have been slowly pumping it since just before the Tokyo open this morning. Looking at the H1 tf we appear to be at the perfect area to dump it, if that is their intention.
either pump or dump....
Trade what u see...

I will be more comfy if it is confirmed by Wave analysis and Sonic Dragon..


Sonic
  • #6,636
  • Oct 8, 2009 2:18am Oct 8, 2009 2:18am
Quoting sonicdeejay
either pump or dump....
Trade what u see...

I will be more comfy if it is confirmed by Wave analysis and Sonic Dragon..


Sonic

Indeed Sonic, that is the plan.

M5 seems to show PA failing to reach the area it made a Higher Low on.
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Starting to see instead of just looking.
  • #6,637
  • Oct 8, 2009 3:44am Oct 8, 2009 3:44am
This is probably the best thing I have learned to do in quite a while.
DD tried to tell me and I simply would not listen, now I have used my ears and DD was right. Thanks Basber.
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Starting to see instead of just looking.
  • #6,638
  • Oct 8, 2009 3:57am Oct 8, 2009 3:57am
Only a bit earlier, if i am not wrong, Sonic said after 19:00 GMT 8
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Be a friend, My skype id: helloworldsh
  • #6,639
  • Oct 8, 2009 4:08am Oct 8, 2009 4:08am
Quoting sonicdeejay
either pump or dump....
Trade what u see...

I will be more comfy if it is confirmed by Wave analysis and Sonic Dragon..


Sonic
Hi,

You have done a great work-contribution here.

Greetings. I raise my hat.

Regards.

Claude
  • #6,640
  • Oct 8, 2009 5:48am Oct 8, 2009 5:48am
Quoting Rastaman
This is probably the best thing I have learned to do in quite a while.
DD tried to tell me and I simply would not listen, now I have used my ears and DD was right. Thanks Basber.
Well Done RM. You're Welcomed

Regards,
Basber
Trading methods are designed to put the odds in our favor, not predicting.
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