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Sonic R. System

  • #7,261
  • Nov 2, 2009 9:21am Nov 2, 2009 9:21am
132.80 on EJ held despite being tested 5 times whole of today... as if someone knows about the ISM number and keeps buying. TAH might add some of his conspiracy theories
  • #7,262
  • Nov 2, 2009 10:16am Nov 2, 2009 10:16am
Quoting ddaytrader
Good Morning, Sonikers!

I'm looking at a possible short on the EJ, with an EP below 132.75-77
SonicR keeps Sonikers on the right side of the market: The short never triggered, and instead, a long would have been the order of the day. There was an advanced SonicR long (DD-style) which is a little different than the Advanced SonicR (Sonic-style) that Sonic is working on. As per Sonic's request, I am going to hold off on posting more advanced trades until Sonic feels we are ready.

At any rate, the EJ short would have been a classic SonicR set up, and this is another example of how keeping it simple is also keeping it safe. Sonic rules called for and EP below 132.75-77 (based on FXCM), and price got as lows as 132.79 before the rally. Follow the simple rules, wave analysis, support and resistance, and you will be rewarded.
Attached Image(s) (click to enlarge)
Click to Enlarge Name: EJ 11-02-2009 Sonic Short1.jpg Size: 110 KB
Click to Enlarge Name: EJ 11-02-2009 Sonic Short2.jpg Size: 106 KB
  • #7,263
  • Edited 6:02pm Nov 2, 2009 10:51am | Edited 6:02pm
Hello, hopefully my TP was hit +55pips

EP : 1.47850 SL : 1.47270 TP : 1.48400
Attached Image(s) (click to enlarge)
Click to Enlarge Name: eu 02.11.09 sonic.gif Size: 39 KB
Click to Enlarge Name: eu 02.11.09 sonic 1.gif Size: 38 KB
  • #7,264
  • Edited 12:30pm Nov 2, 2009 12:10pm | Edited 12:30pm
GU: Entry short. Not SonicR. Made because price failed twice around 89 ema, Dragon has failed twice around it, and exhibits lower highs, lower lows. SonicR entry would be below S1, technically below the previous low. Tps around next two lower whole numbers.
Attached Image (click to enlarge)
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  • #7,265
  • Nov 2, 2009 2:00pm Nov 2, 2009 2:00pm
Quoting sonicdeejay
It can be too simple till you get bored out of it...:nerd:

Sonic

And then you will go hunting for heads and shoulders, pennants and flags, bear channels, bull channels, and English channels, as well as the always enticing knees and toes and all manner of things that will by and large lose you money, all because you do not have the patience to wait for the SonicR to come to you.

SonicR is simple, but many choose to complicate it.

Wave analysis, highs and lows, higher highs and higher lows, lower lows and lower highs, and support and resistance.

Keep It Simple, Soniker!
  • #7,266
  • Nov 2, 2009 4:34pm Nov 2, 2009 4:34pm
Head & Shoulders pattern on the EU - get ready!
Attached Image (click to enlarge)
Click to Enlarge Name: 11-02-2009 head and shoulders2.jpg Size: 107 KB
  • #7,267
  • Edited 5:54pm Nov 2, 2009 5:22pm | Edited 5:54pm
Quoting ddaytrader
Head & Shoulders pattern on the EU - get ready!
Ddaytrader
Cracked me up

Check my prognosis:
Big Boys with Big Guns are pumping the price up to load their shorts,
forming a bearish flag.
Attached Image (click to enlarge)
Click to Enlarge Name: Graphic1.jpg Size: 92 KB
cut losses short, let profits run.
  • #7,268
  • Nov 2, 2009 7:27pm Nov 2, 2009 7:27pm
Quoting Domas4
Ddaytrader
Cracked me up

Check my prognosis:
Big Boys with Big Guns are pumping the price up to load their shorts,
forming a bearish flag.
Excellent read on price action, Domas!

As you can see, the GU looks to be consolidating in a clear English Channel (I included the price projection).
Attached Image (click to enlarge)
Click to Enlarge Name: english channelt2.jpg Size: 109 KB
  • #7,269
  • Nov 2, 2009 7:51pm Nov 2, 2009 7:51pm
Quoting ddaytrader
Excellent read on price action, Domas!
As you can see, the GU looks to be consolidating in a clear English Channel (I included the price projection).
Thanks, coming from you this really means a lot.

EUR/USD:
I think the trend was reversed by the shooting star, then
held by dragonfly, and, last but not least, pumped up by THE BIG HAMMER.
But because of the Low Volume, I doubt that the Big Boys will wake up and
step in.
Attached Image (click to enlarge)
Click to Enlarge Name: Graphic2.jpg Size: 70 KB
cut losses short, let profits run.
  • #7,270
  • Nov 2, 2009 10:01pm Nov 2, 2009 10:01pm
Markets seems choppy and undecided yet where to go....

Troy
  • #7,271
  • Nov 2, 2009 10:21pm Nov 2, 2009 10:21pm
I am now looking at EU which seems to be showing potential for a Long setup.

Still, with Tokyo being a bank holiday today, the LO open may show us a more clear direction.
Attached Image (click to enlarge)
Click to Enlarge Name: pic.jpg Size: 176 KB
Starting to see instead of just looking.
  • #7,272
  • Nov 2, 2009 10:26pm Nov 2, 2009 10:26pm
Quoting Troy
Markets seems choppy and undecided yet where to go....

Troy

Relax Buddy,,,
We are still in Asia session..

Sonic
  • #7,273
  • Nov 2, 2009 10:51pm Nov 2, 2009 10:51pm
GUL Trade still going. Another lower H. Increased volume on last tall down candle. Unfortunately for me, I disregarded the rule to trade only "Prime Time", so as much as this appears to be ready to move down, it could still be even more hours away.

Second chart shows wave, using FE tool to mark first two legs of the three legged WAVE, (ddaytrader sent me off with instructions to use the FE tool everywhere, to do everything...until I have served my pennance and learned to use it correctly). Blue rectangle depicts Ep, but given the time before the Big Guns step back in, this rectangle may keep sliding to the right.
Attached Image(s) (click to enlarge)
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Click to Enlarge Name: # 235 .gif Size: 33 KB
  • #7,274
  • Nov 2, 2009 11:24pm Nov 2, 2009 11:24pm
Hi guys.
I'm a new sonicer, thanks Sonic for sharing. i will test it in a demo acc.

Regards
Bayat
  • #7,275
  • Nov 2, 2009 11:50pm Nov 2, 2009 11:50pm
Quick question for people who are live trading.

Are you using MT4 as the actual platform you put in orders with, or using a java based platform for live trading?

Thanks in advance.
Starting to see instead of just looking.
  • #7,276
  • Nov 3, 2009 12:09am Nov 3, 2009 12:09am
Quoting Rastaman
Quick question for people who are live trading.

Are you using MT4 as the actual platform you put in orders with, or using a java based platform for live trading?

Thanks in advance.

Rastaman,
I am live trader,and MT4 trader...
  • #7,277
  • Nov 3, 2009 12:10am Nov 3, 2009 12:10am
Quoting Rastaman
Quick question for people who are live trading.

Are you using MT4 as the actual platform you put in orders with, or using a java based platform for live trading?

Thanks in advance.

I do not have a LIVE acc with any MT4 based brokers…I use MT4 for charting purposes only.
My LIVE broker has a java based charting tools, which I do not use…

Sonic
  • #7,278
  • Nov 3, 2009 12:11am Nov 3, 2009 12:11am
Good Morning, Sonikers!

Rastaman, I've heard of some people who use MT4 for charting and another platfrom for order placing, I personally use MT4 only since my broker runs it.

Regards,
snu.
  • #7,279
  • Nov 3, 2009 12:13am Nov 3, 2009 12:13am
Hi guys,
What's your opinion about my first SonicSystem trading?
Thanks to all.
Attached Image (click to enlarge)
Click to Enlarge Name: 01.gif Size: 25 KB
  • #7,280
  • Nov 3, 2009 12:42am Nov 3, 2009 12:42am
Thanks for the info folks.

Unfortunately, here in Japan *DL is the only broker using MT4 and the trailing stops will not kick in if the program is not running.

Is this the same with all brokers using MT4?

Suppose the only way to get around this is use a java based platform that puts orders directly on the brokers server, unlike MT4?
Starting to see instead of just looking.
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