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Sonic R. System

  • #8,581
  • Dec 14, 2009 8:31am Dec 14, 2009 8:31am
I took this trade .I got some comments about S/R , TL in Higer TF. In other words... a risky trade .
I saw the black TL in the 15M chart . I took the trade as there was like 50 pips
between the EP and the Black TL .
Trade went in my direction . I should have closed 50% with at least 30-35 pips and not waited for price to hit exactly TP1 .
TP1 was @ mS2 129.25 and the LL was @ 129.32 .
As in my previous post , I have the same question .
Would you have taken the short ? How do you take into consideration the TL ?
Finished the trade @ BE
Tks
David
Attached Image (click to enlarge)
Click to Enlarge Name: ej sonic anl.gif Size: 46 KB
  • #8,582
  • Dec 14, 2009 8:49am Dec 14, 2009 8:49am
eurjpy long
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  • #8,583
  • Dec 14, 2009 8:51am Dec 14, 2009 8:51am
David4u when in a trade do you decide to move the Stop to Break Even?


/Fippla
  • #8,584
  • Dec 14, 2009 8:52am Dec 14, 2009 8:52am
Quoting traderathome
You know, ddaytrader, as many times as this has broken out of the Dragon for 20 - 35 pips, maybe we should trade this on the M5 chart.....LOL!
Consistency, consistency, consistency ... the M15 is a consistent winner over time, whereas the M5 is not. The only time I used the M5 regularly for good, regular profits, was Fall of 2008 and Spring of 2009 when these things were moving 2-3% per day. You need big swings and big volaitility to make the smaller TF SonicR work. Back then I had a few SonicR M5's that ran for 150 pips! But by March/April 2009, the M5 was no longer worth looking at. That could change if the world goes crazy again, but until that happens, why make it tough when the 15 minute is soooooooooooooooo smooooooooooth! (usually).
  • #8,585
  • Dec 14, 2009 9:03am Dec 14, 2009 9:03am
Hello Sonikers !!

EU Short EP 1.4629 SL 1.4661 TP 1.4585
Maybe the trend short will come again.

Remarks welcome !
Attached Image (click to enlarge)
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  • #8,586
  • Dec 14, 2009 9:06am Dec 14, 2009 9:06am
Quoting gsfx
eurjpy long
I do not see a SonicR set up on the EJ in your chart.
  • #8,587
  • Dec 14, 2009 9:15am Dec 14, 2009 9:15am
Quoting ddaytrader
Ok, I am at break even on the stop loss, and my TP1 is +55 and my TP2 is +100.

Let the market decide for me.
Moved stop loss to two pips below the higher red line
Attached Image (click to enlarge)
Click to Enlarge Name: GU 12-14-2009 Sonic Long Try 23.jpg Size: 130 KB
  • #8,588
  • Dec 14, 2009 9:19am Dec 14, 2009 9:19am
Quoting pipoca
Hello Sonikers !!

EU Short EP 1.4629 SL 1.4661 TP 1.4585
Maybe the trend short will come again.

Remarks welcome !
I do not see a SonicR short or long on the EU.

Wait for the waves, Sonikers. The GU was the only pair making waves this morning. Everything is is just puddle ripples.
  • #8,589
  • Dec 14, 2009 9:21am Dec 14, 2009 9:21am
Quoting ddaytrader
Moved stop loss to two pips below the higher red line
TP1 +55 filled.
Attached Image (click to enlarge)
Click to Enlarge Name: GU 12-14-2009 Sonic Long Try 24.jpg Size: 133 KB
  • #8,590
  • Dec 14, 2009 9:30am Dec 14, 2009 9:30am
Quoting david4u
I have the same question. Would you have taken the short?
No, I didn't like the waves.


Quoting david4u
How do you take into consideration the TL?
I wouldn't even have noticed that trendline, I would not have drawn that trendline, or considered that trendline at all. I trade S/R and waves only.
  • #8,591
  • Dec 14, 2009 9:34am Dec 14, 2009 9:34am
Eurjpy - DDaytrader I think you are right
It is a risky trade , but until the suport don't become a resistance I'm long .
Thanks
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  • #8,592
  • Dec 14, 2009 9:34am Dec 14, 2009 9:34am
Can we see now a sonic setup on EJ ?
Attached Image (click to enlarge)
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  • #8,593
  • Dec 14, 2009 9:36am Dec 14, 2009 9:36am
Now do you see the EJ wave DD?
Attached Image (click to enlarge)
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  • #8,594
  • Dec 14, 2009 9:37am Dec 14, 2009 9:37am
Quoting ddaytrader
I do not see a SonicR set up on the EJ in your chart.

Now the EJ looks to be setting up a possible SonicR long
Attached Image (click to enlarge)
Click to Enlarge Name: EJ 12-14-2009 Sonic Long1.jpg Size: 115 KB
  • #8,595
  • Dec 14, 2009 9:43am Dec 14, 2009 9:43am
Quoting PabloOnFX
Now do you see the EJ wave DD?
You must have been posting as I was posting the same. Yes, there now appears to be a potential SonicR long on the EJ.

Quoting ddaytrader
Now the EJ looks to be setting up a possible SonicR long
Attached Image (click to enlarge)
Click to Enlarge Name: EJ 12-14-2009 Sonic Long2.jpg Size: 117 KB
  • #8,596
  • Dec 14, 2009 10:08am Dec 14, 2009 10:08am
on the same chart time 09.45am ej was this a sonic set up ?


Quoting ddaytrader
You must have been posting as I was posting the same. Yes, there now appears to be a potential SonicR long on the EJ.
"The person who knows that enough is enough, will always have enough". .
  • #8,597
  • Dec 14, 2009 10:17am Dec 14, 2009 10:17am
Quoting maq
on the same chart time 09.45am ej was this a sonic set up ?

show me a pic ...
  • #8,598
  • Dec 14, 2009 10:31am Dec 14, 2009 10:31am
times not the same as ours but heres the pic

Quoting ddaytrader
show me a pic ...
Attached Image (click to enlarge)
Click to Enlarge Name: e j 131209.gif Size: 31 KB
"The person who knows that enough is enough, will always have enough". .
  • #8,599
  • Dec 14, 2009 10:32am Dec 14, 2009 10:32am
yes did it first time i put up a pic
"The person who knows that enough is enough, will always have enough". .
  • #8,600
  • Dec 14, 2009 10:37am Dec 14, 2009 10:37am
Quoting ddaytrader
Well it went from not pretty to pretty ugly to beautiful and back to ugly. Stopped at break even.

DD, I did my homework at the weekend (in another time zone to you) and noted "there's another golden rule, let it hit you SL".

Then you did this!

I beg a little explanation please :-).

Yours respectfully,
Pablo
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