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Sonic R. System

  • #8,981
  • Dec 21, 2009 8:24pm Dec 21, 2009 8:24pm
Quoting Juneman
Hi,

I am off to England tomorrow so i won't be back until the new year. Just wishing everyone a happy christmas and a happy new year. Big thanks to DD for the help he has given me in 2009

Bring on 2010 and lets all make a lot of pips

Have a nice weekend and Holiday ...Buddy
  • #8,982
  • Dec 21, 2009 8:58pm Dec 21, 2009 8:58pm
Hi all Sonicer,

I wish for you and yours a blessed and peaceful holidays. thank you all for the sharing during the year.

Happy Holidays to all

Lmarti21
  • #8,983
  • Dec 22, 2009 2:08am Dec 22, 2009 2:08am
My Long trade...

EP taken and TP1 in a flash...still hoping for T2...

Using non-MT4 as my LIVE... Blu line is 34 (Sonic Dragon)...Pink 89 EMA...
The blessing and the curse is I can't see vol in my LIVE broker's chart..

Sonic
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  • #8,984
  • Dec 22, 2009 4:53am Dec 22, 2009 4:53am
dear sonic i m with he same car since UK open but the problm is control the car where to stop or where to carry it ,,,,,i m learning from it and need your commennts..

Muhammad
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FxHome
  • #8,985
  • Edited 6:12am Dec 22, 2009 5:55am | Edited 6:12am
EU: It looks like it has transitioned to a short trade setup.
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  • #8,986
  • Dec 22, 2009 6:59am Dec 22, 2009 6:59am
Quoting sonicdeejay
My Long trade...

EP taken and TP1 in a flash...still hoping for T2...

Using non-MT4 as my LIVE... Blu line is 34 (Sonic Dragon)...Pink 89 EMA...
The blessing and the curse is I can't see vol in my LIVE broker's chart..

Sonic
Here is my demo EU long from last night (no more live trades for me until next year). TP1 hit, and second half stopped at BE.
Attached Image(s) (click to enlarge)
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  • #8,987
  • Dec 22, 2009 7:15am Dec 22, 2009 7:15am
EJ long
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  • #8,988
  • Dec 22, 2009 8:57am Dec 22, 2009 8:57am
EU: Possible short trade. Setup revised from earlier post. FE/targets adjusted as wave configuration changes.

Edit: Add second chart to show Tp3. Price move already in progress.
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  • #8,989
  • Dec 22, 2009 9:05am Dec 22, 2009 9:05am
GU: Trade setup from yesterday.....Tp3 reached.
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  • #8,990
  • Edited 9:33am Dec 22, 2009 9:16am | Edited 9:33am
EJ: This is one to watch for a reversal. Note the very high trade activity on this last and highest candle. If next candle closes lower than the current candle high, and has lower volume, then it could be a candidate for short setup later.

Edit: SonicR is not about watching individual candles, so please ignore the above. I just happened to notice the very high trading near the whole number. It might mean nothing, but could mean this price area (give or take 10-20 pips because currency trade prices tend to overshoot) could bring a reversal. Pure speculation. There is no trade setup right now, either way.
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  • #8,991
  • Edited 10:16am Dec 22, 2009 9:47am | Edited 10:16am
Quoting traderathome
EU: Possible short trade. Setup revised from earlier post. FE/targets adjusted as wave configuration changes.

Edit: Add second chart to show Tp3. Price move already in progress.
Tp1 reached.

Edit: Look at the increased trading on this price movement down (chart 2).
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  • #8,992
  • Dec 22, 2009 9:58am Dec 22, 2009 9:58am
Hi TAH. Great trade
Can you explain how did you managed your SL ?
It looks like in order to hit TP3 , you should have left your original SL in place ...(more or less)
If for example you move your SL to BE after you hit TP1 , then in this case you would not have reached even TP2 .The same goes for moving SL to TP1 after TP2 was achieved .
What is your logic (If I am right) of not moving SL to BE after TP1 is hitted ?
Tks
David
Quoting traderathome
GU: Trade setup from yesterday.....Tp3 reached.
  • #8,993
  • Dec 22, 2009 10:12am Dec 22, 2009 10:12am
I just wanted to wish everyone Happy Holidays and to thank everyone for all the help and input. Even if I kind of linger on the sidelines.

SONIC - Thanks for the best gift ever !!!!!!!!!!!!!!!
  • #8,994
  • Dec 22, 2009 10:21am Dec 22, 2009 10:21am
Quoting david4u
Hi TAH. Great trade
Can you explain how did you managed your SL ?
It looks like in order to hit TP3 , you should have left your original SL in place ...(more or less)
If for example you move your SL to BE after you hit TP1 , then in this case you would not have reached even TP2 .The same goes for moving SL to TP1 after TP2 was achieved .
What is your logic (If I am right) of not moving SL to BE after TP1 is hitted ?
Tks
David
Yeah, I have been remiss in not alluding more to SL. In that trade (closed now) I have been closing parts at each Tp and then adding them back on the pull ups with SL one level higher until I can move them down to BE.
  • #8,995
  • Dec 22, 2009 10:29am Dec 22, 2009 10:29am
Quoting traderathome
EJ: This is one to watch for a reversal. Note the very high trade activity on this last and highest candle. If next candle closes lower than the current candle high, and has lower volume, then it could be a candidate for short setup later.

Edit: SonicR is not about watching individual candles, so please ignore the above. I just happened to notice the very high trading near the whole number. It might mean nothing, but could mean this price area (give or take 10-20 pips because currency trade prices tend to overshoot) could bring a reversal. Pure...
Price has come down off the highs around the whole number; down thru the Dragon now. It is too early to state that the blue rectangle is Ep for future setup of a short trade. But it may be so if price now moves back up into Dragon and later comes back down thru it. I am stalking to see what will happen.
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  • #8,996
  • Dec 22, 2009 10:31am Dec 22, 2009 10:31am
TAH
Can you pls explain your EP .
Did you entered at 1 or 2 ?
It does not look to me as a classic one . Is this a "re-entry" ?
Can you define the trigger of this EP ?
Tks
David
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  • #8,997
  • Dec 22, 2009 10:37am Dec 22, 2009 10:37am
Quoting david4u
TAH
Can you pls explain your EP .
Did you entered at 1 or 2 ?
It does not look to me as a classic one . Is this a "re-entry" ?
Can you define the trigger of this EP ?
Tks
David
Your labeled Ep1 is it. Chart 1 below is the first one posted. The second chart (the one you put your labels on, was from a later post after the wave configuration had changed and I had adjusted FE to get more appropriate targets based on current wave.
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  • #8,998
  • Edited 12:07pm Dec 22, 2009 10:45am | Edited 12:07pm
Quoting traderathome
Price has come down off the highs around the whole number; down thru the Dragon now. It is too early to state that the blue rectangle is Ep for future setup of a short trade. But it may be so if price now moves back up into Dragon and later comes back down thru it. I am stalking to see what will happen.
EJ: Price has dropped from area of whole number to area of half number (130.50 area). My thinking is that there will be a pull up (maybe to the 130.70s area) before much more of a drop. The current low seems to validate the previous low out of the Dragon as Ep South, as things stand.

Edit: Add second chart. If the last high (130.90) holds, then here is current FE, targets, etc.
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  • #8,999
  • Dec 22, 2009 11:46am Dec 22, 2009 11:46am
TAH , thanks
sorry....but I still don't see what is the pattern...(light blue)
I don't see a "123"
I don't see a clasic SonicR entry with H , L , LH
It's price breaking the previous low ?
Tks
david
Quoting traderathome
Your labeled Ep1 is it. Chart 1 below is the first one posted. The second chart (the one you put your labels on, was from a later post after the wave configuration had changed and I had adjusted FE to get more appropriate targets based on current wave.
  • #9,000
  • Edited 12:37pm Dec 22, 2009 12:12pm | Edited 12:37pm
Quoting david4u
TAH , thanks
sorry....but I still don't see what is the pattern...(light blue)
I don't see a "123"
I don't see a clasic SonicR entry with H , L , LH
It's price breaking the previous low ?
Tks
david
Do you see it now?
Edit: The last low out of the Dragon was used once the Lower High was put in.
Edit: Revised chart....extended blue band and "Ep" to right to mark first time price dropped to the previously marked Ep zone. Remember, Ep is actually below the low of the candle that last dropped out of the Dragon, by at least several pips.

Edit: Perfect SonicR entry would have been the Ep area marked by the small blue bar, because there a candle dropped out of the Dragon briefly and then returned into the Dragon. Two candles later, price dropped below the low of that candle, and that should have been Ep. See second chart.
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