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Sonic R. System

  • #8,421
  • Dec 10, 2009 6:47pm Dec 10, 2009 6:47pm
Quoting Pipdance
??????
May I ask where would your SL be?
cut losses short, let profits run.
  • #8,422
  • Dec 10, 2009 7:13pm Dec 10, 2009 7:13pm
GU:
Is it going to go through the resistance this time?
If so, I will remove TP2 and try to let it to become "trade of the week"
Attached Image (click to enlarge)
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cut losses short, let profits run.
  • #8,423
  • Dec 10, 2009 7:55pm Dec 10, 2009 7:55pm
Quoting Domas4
May I ask where would your SL be?
Normally I set it at one of the swing points but this time I set it below the Dragon at 88.14. This lowered my R:R ratio. Risky but price action looked good to me.

2 entries:
1st out at 20 Pips Hit (Not corectly marked on pic)
2nd Moved SL to BE and set moving SL (In for the ride)

Entry at 88.46
TP1 at 88.66 (Part of my mental game)
TP at Moving SL after set to BE (Easier for me to let ride since I have locked in some profit)
Attached Image (click to enlarge)
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  • #8,424
  • Dec 10, 2009 9:19pm Dec 10, 2009 9:19pm
Still getting confused on where to draw the waves. Which one is correct? The more I look the more I see.
Attached Image (click to enlarge)
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  • #8,425
  • Dec 10, 2009 11:30pm Dec 10, 2009 11:30pm
EJ with H4 Bearish hammer forming with 30 mins left before candle closes and LO right around the same time.
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Starting to see instead of just looking.
  • #8,426
  • Dec 11, 2009 12:00am Dec 11, 2009 12:00am
EJ M5 shows a short setup.
Attached Image (click to enlarge)
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Starting to see instead of just looking.
  • #8,427
  • Dec 11, 2009 12:01am Dec 11, 2009 12:01am
Quoting Domas4
GU:
Is it going to go through the resistance this time?
If so, I will remove TP2 and try to let it to become "trade of the week"
TP1 hit and stopped out @ Break Even.
Oh come on... Just break through God damn it!
Attached Image (click to enlarge)
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cut losses short, let profits run.
  • #8,428
  • Dec 11, 2009 12:17am Dec 11, 2009 12:17am
GU looks like it is getting the pump for the dump on H4
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Starting to see instead of just looking.
  • #8,429
  • Dec 11, 2009 1:25am Dec 11, 2009 1:25am
hello guyz h u r all i got both the setup after 2 weeks of gap well i got half position and set BE now lets see hit 2nd tp or BE,,,,,

Muhammad
Attached Image(s) (click to enlarge)
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Click to Enlarge Name: gu 11 dec ej buy.gif Size: 30 KB
FxHome
  • #8,430
  • Dec 11, 2009 1:26am Dec 11, 2009 1:26am
miss uploading
Attached Image (click to enlarge)
Click to Enlarge Name: gu 11 dec buy.gif Size: 30 KB
FxHome
  • #8,431
  • Dec 11, 2009 1:27am Dec 11, 2009 1:27am
Or are we going to see it bounce off the 1.6345 area.

I am wary of GU right now.
Attached Image (click to enlarge)
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Starting to see instead of just looking.
  • #8,432
  • Edited 2:43am Dec 11, 2009 2:27am | Edited 2:43am
TAH, I guess you are already in +130 profit since your
yesterday's E/J trade. Nice
I took note that it is worth trading JPY pairs during Asia session.
Attached Image (click to enlarge)
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cut losses short, let profits run.
  • #8,433
  • Dec 11, 2009 3:21am Dec 11, 2009 3:21am
G/U hit BE ,,,got half position 2nd e/j still in progress above 100 pips
FxHome
  • #8,434
  • Dec 11, 2009 4:02am Dec 11, 2009 4:02am
Good morning, Sonikers!

My EU trade finally hit BE, closed! When I captioned it "SonicR Long Trade" I really didn't mean it to mean long in "time"! (Chart 2)

The EJ trade reached Tp1, pulled back, made it half the remaining distance to Tp2 and is again pulling back.....
Attached Image(s) (click to enlarge)
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  • #8,435
  • Dec 11, 2009 4:23am Dec 11, 2009 4:23am
Quoting camoruso
Hi,

I'll try to give you a good grasp of the complex articulations at work in our financial world.

a) The big players decide according to national deficits and other accounting data around the globe of the next futures contracts to issue for the next quarters.

b) The economy has been sustained by a concerted conjonction of "quantitative easing" (in other terms: stimulus injected by governments and central banks), the measures of which are showing results (GDPs, unemployment rates, companies' quarterly results, consumers' consumption,...
Hi Camo,

Thanks. I really appreciate this information.
I believe that if anyone want to operate on a long term basis efficiently and effectively and profitable in any industry, in this case The financial market (Trading). One has to be knowledgeable about the elements in that industry and how they works in order to maximize (ROI).

George Soros was almost able to sink the Bank of England because he knew intimately how the industry he was operating in works.

Just my opinion Thanks alot Camo

Thanks again
Lmarti21
  • #8,436
  • Dec 11, 2009 4:25am Dec 11, 2009 4:25am
Quoting Domas4
Nothing fulfills more than sharing and helping others.
I have made a few more pictures to help people who are new to SonicR
how to identify waves and how SL and Entry are set.
The last picture is done by sonicdeejay himself.
Hope this helps ya'll
Well done Domas,

Very clearly outlined

Best Regards
Lmarti21
  • #8,437
  • Dec 11, 2009 4:58am Dec 11, 2009 4:58am
Quoting Domas4
Nothing fulfills more than sharing and helping others.
I have made a few more pictures to help people who are new to SonicR
how to identify waves and how SL and Entry are set.
The last picture is done by sonicdeejay himself.
Hope this helps ya'll
Ops

Thanks Sonic for a wonderful system and thread

Kind Regards
Lmarti21
  • #8,438
  • Dec 11, 2009 5:36am Dec 11, 2009 5:36am
Quoting Domas4
Nothing fulfills more than sharing and helping others.
I have made a few more pictures to help people who are new to SonicR
how to identify waves and how SL and Entry are set.
The last picture is done by sonicdeejay himself.
Hope this helps ya'll

Hi Domas !
Thanks for this very usefull pictures .Keep up this good work
  • #8,439
  • Dec 11, 2009 5:36am Dec 11, 2009 5:36am
2nd trade of the day
Attached Image (click to enlarge)
Click to Enlarge Name: gu sell 11 dec.gif Size: 54 KB
FxHome
  • #8,440
  • Dec 11, 2009 5:42am Dec 11, 2009 5:42am
Quoting Rastaman
EJ with H4 Bearish hammer forming
Quoting Rastaman
EJ M5 shows a short setup.

Rastaman,

You are all over the place, and you are going to infect others with your refusal to let the SonicR stand on its own. Flipping from a four hour to a five minute is classic "looking for a trade where this isn't any."

Just so there is no mistake, here is Sonic in his own words:

Quoting sonicdeejay
Since most of us (including me) use Sonic R...on 15m using Higher H and above Sonic Dragon .. I suggest we should stick to it...
Sonic made that point in response to this post by you, Rastaman, from two months ago!

Quoting Rastaman
Ok, I think I can see where I went wrong.

I saw this Hammer on H4 ....

For all new Sonikers, use the 4 hour and higher timeframes to locate support and resistance only.

Do not let yourself become automatically bearish just because price is at resistance. Resistance can turn price down, and resistance can be broken to the upside and become support. Do not let yourself become automatically bullish at support. Support can turn price up, or it can be broken and become resistance.

Do not pay attention to hammers and wicks and pin bars - A bar is a random selected grouping of minutes. That is all. This stuff only matters to vendors, salesman, and systems sellers who convince naive traders that there is something magical about a candle's appearance. There is not, especially on smaller timeframes. Candles mean nothing. What matters is price itself. A candle is not price. A candle is a record of price over an arbitrarily chosen starting point and end point. Change the start point and the end point, and instead of a bearish hammer you might be looking at a long bull candle with a small wick.

Do not be distracted by the ongoing injection of non-SonicR concepts into this thread.

We trade SonicR on the M15 time frame. Four hour hammers and 5 minute waves are distractions and meaningless.

Here are two quotes new Sonikers should put on a post it note and read each time they log into the thread so that they can filter out the harmful stuff:

Quoting ddaytrader
SonicR is about support and resistance, highs and low, higher highs and higher lows, lower lows and lower highs, and last, but certainly not least, wave analysis.
Quoting sonicdeejay
Since most of us (including me) use Sonic R...on 15m using Higher H and above Sonic Dragon .. I suggest we should stick to it...
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