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Sonic R. System

  • #7,061
  • Oct 28, 2009 7:17am Oct 28, 2009 7:17am
1.628x level was quick a nice support and lot of swing traders take TP...that must cause a current bounce...
But I do not see many vol supporting that bounce...

So, I predict GBP/USD will go down easily till 1.625x level if nex 15mins USD news turn out bad..
For Long..I will wait till all the rules show up..

Sonic
(P.S Rasta..I am suprise and glad that u start to trade what u see and not dwell on the loser trade...Keep it simple )
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  • #7,062
  • Oct 28, 2009 7:47am Oct 28, 2009 7:47am
Quoting sonicdeejay
1.628x level was quick a nice support and lot of swing traders take TP...that must cause a current bounce...
But I do not see many vol supporting that bounce...

So, I predict GBP/USD will go down easily till 1.625x level if nex 15mins USD news turn out bad..
For Long..I will wait till all the rules show up..

Sonic
(P.S Rasta..I am suprise and glad that u start to trade what u see and not dwell on the loser trade...Keep it simple )

I am not very gd in F.A, thus wanna ask ya y do u think if usd news turn bad will plunge the Gbp instead of up.

just a tots, thanks
trade safe
  • #7,063
  • Oct 28, 2009 8:45am Oct 28, 2009 8:45am
Quoting zz_zhang
I am not very gd in F.A, thus wanna ask ya y do u think if usd news turn bad will plunge the Gbp instead of up.

just a tots, thanks
I will try explain if I have time..

BUT 1 for sure...we are TA trader...TA follow the foot print of the smart money...

we can see it(where smart money move) clearly if we know how to...

Do u ever experience why the price plunge eventhough the news is good?? that is the bad side of FA...


Sonic
  • #7,064
  • Oct 28, 2009 9:17am Oct 28, 2009 9:17am
Bad home sales news and potential my long setup

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  • #7,065
  • Oct 28, 2009 9:32am Oct 28, 2009 9:32am
EU: Just something to consider....look at the H1 candle one candle back. Now look at the volume. Now look at the size of the body of that candle.....very small. Now step back and look at the general price area that all this is happening in.....very low. To me, this is a strong indication of heavy trading at the "lows", which leads to the conclusion that this is in "buying" mode by the big guns. I welcome comments.
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  • #7,066
  • Oct 28, 2009 9:40am Oct 28, 2009 9:40am
Quoting traderathome
EU: Just something to consider....look at the H1 candle one candle back. Now look at the volume. Now look at the size of the body of that candle.....very small. Now step back and look at the general price area that all this is happening in.....very low. To me, this is a strong indication of heavy trading at the "lows", which leads to the conclusion that this is in "buying" mode by the big guns. I welcome comments.
Higher high spotted..let is create higher low...
that will be valid long if we have CCI above horizontal line..

Sonic
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  • #7,067
  • Oct 28, 2009 9:54am Oct 28, 2009 9:54am
If you trade based on candles you will get burned. A candle is nothing more than a random and arbitrarily bundled snapshot of price during a randomly selected period of time.

Trade price action, not bars, not candles, not "bar by bar." If you are trading bars, you are NOT trading price action. Bars are random, price action is not. If you trade based upon bars, your returns will be random. If you trade based upon price action your returns will be steady, predictable, and profitable.

All that matters is wave analysis, support and resistance, highs and lows, higher highs and higher lows, lower highs and lower lows.
  • #7,068
  • Oct 28, 2009 9:57am Oct 28, 2009 9:57am
Quoting sonicdeejay
Higher high spotted..let it create higher low...
that will be valid long if we have CCI above horizontal line..

Sonic
Look closely and pay attention to what Sonic says: "Higher high spotted..let it create higher low ... that will be valid long if we have CCI above horizontal line.."

Classic SonicR from a class act - Sonic himself.
  • #7,069
  • Oct 28, 2009 10:48am Oct 28, 2009 10:48am
There again, Sonic also wrote in the manual, "In words, Sonic R is basically trading in Hammer and Bullish engulfing bars D1 TF/H4 TF by looking for an entry M15 TF.

That make Sonic R set up the highly profiable ones.
Starting to see instead of just looking.
  • #7,070
  • Oct 28, 2009 11:00am Oct 28, 2009 11:00am
Quoting Rastaman
Sonic also wrote in the manual, "In words, Sonic R is basically trading in Hammer and Bullish engulfing bars D1 TF/H4 TF by looking for an entry M15 TF.

That make Sonic R set up the highly profiable ones.
Trading in, i.e. during the formation of a daily bar or a four hour bar - but not after the bar has formed. The 15 minute PA gets you into the market well before a "hammer" or "engulfing candle" on these large time frames has formed. The higher TF bars are the effect, not the cause.
  • #7,071
  • Oct 28, 2009 11:25am Oct 28, 2009 11:25am
Quoting ddaytrader
Trading in, i.e. during the formation of a daily bar or a four hour bar - but not after the bar has formed. The 15 minute PA gets you into the market well before a "hammer" or "engulfing candle" on these large time frames has formed. The higher TF bars are the effect, not the cause.


Ah, that is what I wanted to hear and have been racking my brains over.

This is what I asked a while back.

Thanks DD, point duly noted.

Looks like it was worth waking up at 1 am to hear this.
Starting to see instead of just looking.
  • #7,072
  • Oct 28, 2009 11:33am Oct 28, 2009 11:33am
Has anyone ever used Raghee's Grab Candles?

Show you clearly the Long, Short & ranging candles at a glance.

I noticed she put these indicators on her blog and claims she is using them.
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Starting to see instead of just looking.
  • #7,073
  • Oct 28, 2009 11:38am Oct 28, 2009 11:38am
Quoting Domas4
First TP is not far away,
but if the PA breaks the support and continues to fall (see H4),
my second TP is pretty much on the long-term trendline.

EDIT: TP1 hit, Now waiting for the big break when NY opens
Commodities fell, stocks fell - TP2 hit.
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cut losses short, let profits run.
  • #7,074
  • Oct 28, 2009 11:52am Oct 28, 2009 11:52am
pure sonic trads will give u 50 to 300 pips
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FxHome
  • #7,075
  • Oct 28, 2009 7:46pm Oct 28, 2009 7:46pm
Quoting Muhammad989
pure sonic trads will give u 50 to 300 pips
We need Sonic R + A little bit of Patience….

Inserted Video


Sonic
  • #7,076
  • Oct 28, 2009 9:47pm Oct 28, 2009 9:47pm
Here's a little advanced SonicR on the EU. There is a 17 tick risk, with TP1 +30 and TP2 +60.
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  • #7,077
  • Oct 28, 2009 11:33pm Oct 28, 2009 11:33pm
That’s my plan…

Sonic
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  • #7,078
  • Oct 29, 2009 12:25am Oct 29, 2009 12:25am
My plan. But, I have to go out and meet my lawyer
.
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Starting to see instead of just looking.
  • #7,079
  • Oct 29, 2009 12:59am Oct 29, 2009 12:59am
Closed the trade right at the Resistance before it bounced.

No point, making a trade and going out.
Starting to see instead of just looking.
  • #7,080
  • Oct 29, 2009 3:04am Oct 29, 2009 3:04am
Quoting ddaytrader
Here's a little advanced SonicR on the EU. There is a 17 tick risk, with TP1 +30 and TP2 +60.
ddaytrader, what top/bottom range are you using to draw that extension. I am not coming up with those levels.
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