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Sonic R. System

  • #9,041
  • Dec 24, 2009 10:26am Dec 24, 2009 10:26am
i've been riding the up wave on the E/J. It may fall, but not now.
  • #9,042
  • Dec 25, 2009 8:30am Dec 25, 2009 8:30am
Quoting sed34
i've been riding the up wave on the E/J. It may fall, but not now.
One advice:: No more live trade till 2010

Get a rest..Buddy...
Sonic
  • #9,043
  • Dec 25, 2009 2:32pm Dec 25, 2009 2:32pm
Hy all Sonicers!
I wish Merry Christmas!
Csenge

http://www.jacquielawson.com/preview...n=0&pv=3169996
  • #9,044
  • Dec 26, 2009 7:01pm Dec 26, 2009 7:01pm
OK DDT I have removed all my indicators except the Dragon and this is what I see.
Price moves to resistance / support zone. There always seems to be an over shoot and price reverses and continues in the new direction or consolidates. We see price bounce off some kind of support or resistance then it breaks one of the support / resistance levels and continues on to the next level. This move is where we see Sonic entries develop and this is what we watch for.
Please correct me if I am off base.
Attached Image (click to enlarge)
Click to Enlarge Name: pic24.gif Size: 18 KB
  • #9,045
  • Edited 6:53pm Dec 27, 2009 5:57pm | Edited 6:53pm
EJ Short Trade: Only Tp1 because this is the Asian session. Even if this works out, it might pull back up (reset) for the FO/LO boys, maybe even to the next whole number.

Edit: Second chart. Stopped out.
Attached Image(s) (click to enlarge)
Click to Enlarge Name: # 120 .gif Size: 31 KB
Click to Enlarge Name: # 121 .gif Size: 32 KB
  • #9,046
  • Dec 27, 2009 6:04pm Dec 27, 2009 6:04pm
Quoting traderathome
EJ Short Trade: Only Tp1 since Asian session. Even if this works out, it probably will pull back up (reset) for the FO/LO boys.
Hi TAH,

I was just about to post the same SonicR Short. The one caution I see is that price is testing prior resistance as support. Big picture looks like the rally should continue to the next resistance level which is right aropund 132.50. Anything can happen this week, and I am not trading anythng until sometime early next year. But, I keep my eyes open.
Attached Image(s) (click to enlarge)
Click to Enlarge Name: EJ 12-27-2009 SonicR Short1.jpg Size: 98 KB
Click to Enlarge Name: EJ 12-27-2009 SonicR Short2.jpg Size: 96 KB
  • #9,047
  • Dec 27, 2009 6:17pm Dec 27, 2009 6:17pm
Quoting ddaytrader
Hi TAH,

I was just about to post the same SonicR Short. The one caution I see is that price is testing prior resistance as support. Big picture looks like the rally should continue to the next resistance level which is right aropund 132.50. Anything can happen this week, and I am not trading anythng until sometime early next year. But, I keep my eyes open.
Thanks ddaytrader. I am being cautious; not going for extended Tps thru holidays. 20+ pips here and there will suffice.
  • #9,048
  • Dec 27, 2009 6:25pm Dec 27, 2009 6:25pm
Here is what I like to do: I look for high TF S/R, consolidations, etc., and then I look for a SonicR on the M15 in the direction of the higher TF. The EJ looks like it is simply consolidating its gains from the last rally leg from last week. If so, then a SonicR long should offer good odds of a move up to the 132.50 level.

I'm not trying to use a crystal ball here, and this could go up or down from here.

I just watch Support and Resistance, Highs and Lows, and wave analysis to show me the probabilities.
Attached Image (click to enlarge)
Click to Enlarge Name: EJ 12-27-2009 SonicR Will we get a long1.jpg Size: 78 KB
  • #9,049
  • Dec 27, 2009 6:56pm Dec 27, 2009 6:56pm
Quoting ddaytrader
The one caution I see is that price is testing prior resistance as support. Big picture looks like the rally should continue to the next resistance level which is right aropund 132.50. Anything can happen this week, and I am not trading anythng until sometime early next year. But, I keep my eyes open.
Had I traded this short, I'd have been stopped out for a -25 to -30 pip loss. But S/R should have kept the alert Soniker either out of the trade completely, or cutting the loss well before price rallied to a full stop out. Others might still be short with a stop loss above the 131.87 high, but I always figure that if above the dragon I should be looking for longs, I certainly don't need my stop loss to be that far above the dragon on a short!
Attached Image (click to enlarge)
Click to Enlarge Name: EJ 12-27-2009 SonicR Short Stop Loss1.jpg Size: 96 KB
  • #9,050
  • Dec 27, 2009 7:01pm Dec 27, 2009 7:01pm
Quoting ddaytrader
Had I traded this short, I'd have been stopped out for a -25 to -30 pip loss. But S/R should have kept the alert Soniker either out of the trade completely, or cutting the loss well before price rallied to a full stop out. Others might still be short with a stop loss above the 131.87 high, but I always fiure that if above the dragon I should be looking for longs, I certainly don't need my stop loss to be that far above the dragon on a short!
I was stopped out (see second chart in orginal post). Now long per attached chart.
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Click to Enlarge Name: # 122 .gif Size: 25 KB
  • #9,051
  • Dec 27, 2009 7:30pm Dec 27, 2009 7:30pm
Quoting traderathome
I was stopped out (see second chart in orginal post). Now long per attached chart.
Our data is a bit different as my broker stopped trading at noon on 12/24, whereas your broker seems to have traded through that time for quite awhile.

At any rate, I would also be looking for a long, but I would wait and my entry would be with a buy stop above this session's spike high. EP 131.81, SL 131.43 (-38), TP 132.50 (+69).

Good Luck, TAH. During this time of year, not too many pros, aka "Big Boys" are doing any trading. Technical analysis works in highly liquid markets. We do not have a very liquid market this week. So TA, inlcuding SonicR analysis, may not be as reliable as it is during the rest of the year.
Attached Image (click to enlarge)
Click to Enlarge Name: EJ 12-27-2009 SonicR Long1.jpg Size: 111 KB
  • #9,052
  • Dec 27, 2009 7:59pm Dec 27, 2009 7:59pm
EJ Long Trade: Fingers crossed as price "hangs" at Ep.......
Attached Image (click to enlarge)
Click to Enlarge Name: # 123 .gif Size: 21 KB
  • #9,053
  • Dec 27, 2009 8:06pm Dec 27, 2009 8:06pm
Quoting traderathome
EJ Long Trade: Fingers crossed as price "hangs" at Ep.......
I'm pulling for you TAH. If EJ takes out the session high, you should be able to uncross your fingers.
  • #9,054
  • Dec 27, 2009 8:46pm Dec 27, 2009 8:46pm
Quoting traderathome
I was stopped out (see second chart in orginal post). Now long per attached chart.
Careful in playing with fire in low liquid condition...

Sonic
  • #9,055
  • Dec 27, 2009 8:56pm Dec 27, 2009 8:56pm
Quoting ddaytrader
During this time of year, not too many pros, aka "Big Boys" are doing any trading. Technical analysis works in highly liquid markets. We do not have a very liquid market this week. So TA, inlcuding SonicR analysis, may not be as reliable as it is during the rest of the year.

Quoting sonicdeejay
Careful in playing with fire in low liquid condition...
Sonic
Demo trade only until January is best way to trade right now.
  • #9,056
  • Edited 10:04pm Dec 27, 2009 9:01pm | Edited 10:04pm
Potential GU Long Trade: I am waiting to see if price recedes and comes to Ep again, or if it keeps going from here.

Edit: Price pulled back to Ep.

Edit: Pullback proceeded into Dragon. The new wave formation now marks last high as new Ep (Second Chart)
Attached Image(s) (click to enlarge)
Click to Enlarge Name: # 124 .gif Size: 25 KB
Click to Enlarge Name: # 125 .gif Size: 25 KB
  • #9,057
  • Dec 27, 2009 9:38pm Dec 27, 2009 9:38pm
Quoting traderathome
Potential GU Long Trade: I am waiting to see if price recedes and comes to Ep again, or if it keeps going from here.

Edit: Price pulled back to Ep.
TAH, I am not seeing a SonicR long entry where you placed your entry. SonicR potential long entry would be above this last rally high. Your entry seems to be keyed off a lower high that was printed during the last decline from the open, which was followed by a Lower low. That lower low is now the loff off of which the market has rallied into a swing high. Price is now pulling back into what may become a higher low. The SonicR entry for long is Low-High-Higher Low.
Attached Image (click to enlarge)
Click to Enlarge Name: GU 12-27-2009 SonicR Long Entry1.jpg Size: 108 KB
  • #9,058
  • Dec 27, 2009 9:44pm Dec 27, 2009 9:44pm
Quoting Pipdance
OK DDT I have removed all my indicators except the Dragon and this is what I see.
Price moves to resistance / support zone. There always seems to be an over shoot and price reverses and continues in the new direction or consolidates. We see price bounce off some kind of support or resistance then it breaks one of the support / resistance levels and continues on to the next level. This move is where we see Sonic entries develop and this is what we watch for.
[font=Calibri][size=3]Please...
That is correct. The reason I suggested removing everything except the dragon was to make it easier for you to see the Highs and Lows in relation to S/R. You need th dragon, because the dragon keeps us safe. It is not 100%, but most of the time, if you wait fro the proper waves set up and then ake you entry on the proper side of the dragon (above for longs and below for shorts) you should catch at least a ride to your TP1 if you picked them using S/R.
  • #9,059
  • Dec 27, 2009 9:48pm Dec 27, 2009 9:48pm
Quoting ddaytrader
TAH, I am not seeing a SonicR long entry where you placed your entry. SonicR potential long entry would be above this last rally high. Your entry seems to be keyed off a lower high that was printed during the last decline from the open, which was followed by a Lower low. That lower low is now the loff off of which the market has rallied into a swing high. Price is now pulling back into what may become a higher low. The SonicR entry for long is Low-High-Higher Low.
Here I made an additional note to try to make what I was saying more clear. The top chart is the original chart from my above post, and the lower chart shows what I mean when I say I would still be waiting for the higher low, which is a prerequisite of the wave analysis necessary for a proper SonicR long entry.
Attached Image(s) (click to enlarge)
Click to Enlarge Name: GU 12-27-2009 SonicR Long Entry1.jpg Size: 108 KB
Click to Enlarge Name: GU 12-27-2009 SonicR Long Entry2.jpg Size: 117 KB
  • #9,060
  • Dec 27, 2009 9:55pm Dec 27, 2009 9:55pm
Quoting ddaytrader
TAH, I am not seeing a SonicR long entry where you placed your entry. SonicR potential long entry would be above this last rally high. Your entry seems to be keyed off a lower high that was printed during the last decline from the open, which was followed by a Lower low. That lower low is now the loff off of which the market has rallied into a swing high. Price is now pulling back into what may become a higher low. The SonicR entry for long is Low-High-Higher Low.
Yes. At the time price had made high out of Dragon and next candle went down just slightly from that previous candle's high, and then moved higher. So technically, we had Ep. But later, as I posted, price began a pull back. After I posted that price had pulled back to Ep, it continued the pullback into the Dragon. That sequence of events makes Ep the last high out of the Dragon, as you state, and as I too show in the chart posted here. The previous "potential EP" was at the break in the black line in this pic. It was, afterall, just a "potential setup" at the time, and as so often happens with such setups in Asian session, changes occur before THE setup happens.
Attached Image (click to enlarge)
Click to Enlarge Name: # 125 .gif Size: 25 KB
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