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Sonic R. System

  • #9,421
  • Jan 12, 2010 4:10am Jan 12, 2010 4:10am
Quoting sonicdeejay
Juneman

SL seem to low?? and entry 1.6124 seem to be a significant resistance too...

Sonic
Yeah but I always set my SL at 25 pips. After reading Jesse Livermore he said that he would get out of a trade ASAP if it wasn’t going his way. I have been studying charts at the weekends for the past 3 months and I think that a SL of 25 pips is fine if I catch the trade at the right time I will just ride it out.

I know you are awesome at trading and I respect you a lot but I just want to see if i can trade this way if it doesn’t work then I will change.

I guess i will eat my words now
  • #9,422
  • Jan 12, 2010 4:27am Jan 12, 2010 4:27am
Quoting Juneman
Could we see a nice sonic R on GBP/USD? Lets see what happens
TP1 has been hit SL moved to EP

http://cdn.forexfactory.com/attachme...1&d=1263289703
Attached Image (click to enlarge)
Click to Enlarge Name: gbp1.gif Size: 35 KB
  • #9,423
  • Jan 12, 2010 5:10am Jan 12, 2010 5:10am
Quoting Juneman
TP1 has been hit SL moved to EP

http://cdn.forexfactory.com/attachme...1&d=1263289703

similar but is a a/u trade

bags 40 pips trade cls in asian session
Attached Image (click to enlarge)
Click to Enlarge Name: au.jpg Size: 162 KB
trade safe
  • #9,424
  • Jan 12, 2010 5:34am Jan 12, 2010 5:34am
GBP/USD hit SL which was at EP point still took 25pips. My next trade has just hit EUR/USD
Attached Image (click to enlarge)
Click to Enlarge Name: eur.gif Size: 57 KB
  • #9,425
  • Jan 12, 2010 6:54am Jan 12, 2010 6:54am
Quoting sonicdeejay
Looks like UJ is gearing up to go up again..BUT only if it can break free the yellow region..first..


http://www.wheelosphere.org/wp-conte...10-F1-grid.jpg


http://cdn.forexfactory.com/attachme...1&d=1263276844

Sonic
Nothing can escape Waves Analysis... Seeing Lower High.. Lower low..

Sonic

P.S for those who buy in coz they see vol pick up 8 hrs ago will be in deep red now...
Attached Image (click to enlarge)
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  • #9,426
  • Edited 9:56am Jan 12, 2010 7:02am | Edited 9:56am
Hello Sonikers !

EU is making a short, but I worry about the dollar index, I drawed a bearish flag on the 4h.

EU on the 4h had well bottomed and went outside the yellow rectangle.

My EP is inside the yellow rectangle.

Thx for remarks
Attached Image(s) (click to enlarge)
Click to Enlarge Name: eu analysis.gif Size: 44 KB
Click to Enlarge Name: eu 4h analysis.gif Size: 45 KB
Click to Enlarge Name: ScreenShot025.jpg Size: 255 KB
  • #9,427
  • Jan 12, 2010 7:12am Jan 12, 2010 7:12am
Quoting riosworos
why is nobody talking about the eurusd and the gbpusd that ran 40 and 50 pips last night cos i was really profitable in it?......... or didnt you guys trade it?
SonicR Thread Rules:

No Picture, No Talk
  • #9,428
  • Jan 12, 2010 8:55am Jan 12, 2010 8:55am
Quoting sonicdeejay
Nothing can escape Waves Analysis... Seeing Lower High.. Lower low..

Sonic

P.S for those who buy in coz they see vol pick up 8 hrs ago will be in deep red now...
Exactly my point about using volume to decide what to do, or to guess at what might occur: All volume tells you is that your broker had a lot of activity at that level. It lets you know that a lot of little fish think something is going to happen (after all, the Big Boys trade with banks, not bucket shop forex brokkers like us). Something will happen, but volume will do nothing to tell you what. Only the waves will keep you on the right side of the trade most of the time.
  • #9,429
  • Jan 12, 2010 9:55am Jan 12, 2010 9:55am
Well my first EUR/USD hit SL. The market changed and now i am back in profit with my new EUR/USD trade
Attached Image (click to enlarge)
Click to Enlarge Name: eur.gif Size: 28 KB
  • #9,430
  • Jan 12, 2010 10:39am Jan 12, 2010 10:39am
Quoting Juneman
Well my first EUR/USD hit SL. The market changed and now i am back in profit with my new EUR/USD trade
my first eurusd also hit my SL so i closed for the day and now i see u guys profiting ...... i must say am very jealous
  • #9,431
  • Jan 12, 2010 2:38pm Jan 12, 2010 2:38pm
Sonic, DD and TAH,

as the active elders of this thread how do you feel about introducing other Wave Patterns for us to consider?
I'm not talking about candles shape or candles patterns but other PA Wave Patterns in keeping with HH/LL etc.

The entry trigger would still be pure SonicR Set-ups but it would filter out some dangerous entry points, whilst providing special situations where we would look to take bigger than average TP's.

Pablo
p.s. I'm still learning
  • #9,432
  • Jan 12, 2010 2:51pm Jan 12, 2010 2:51pm
Quoting PabloOnFX
I'm not talking about candles shape or candles patterns but other PA Wave Patterns in keeping with HH/LL etc.

The entry trigger would still be pure SonicR Set-ups but it would filter out some dangerous entry points, whilst providing special situations where we would look to take bigger than average TP's.
You mean like the current double top set up on the GU?
Attached Image(s) (click to enlarge)
Click to Enlarge Name: GU 2010-01-12 Sonic Short Double Top Resistance1.jpg Size: 149 KB
Click to Enlarge Name: GU 2010-01-12 Sonic Short Double Top Resistance2.jpg Size: 124 KB
Click to Enlarge Name: GU 2010-01-12 Sonic Short Double Top Resistance3.jpg Size: 79 KB
  • #9,433
  • Jan 12, 2010 2:58pm Jan 12, 2010 2:58pm
Quoting ddaytrader
You mean like the current double top set up on the GU?
Well yes but that's not the one I had in mind.

It could be a compendium of high probability Wave Patterns that are acceptable to this thread and how we trade them.

Pablo
  • #9,434
  • Jan 12, 2010 3:11pm Jan 12, 2010 3:11pm
Quoting PabloOnFX
Well yes but that's not the one I had in mind.

It could be a compendium of high probability Wave Patterns that are acceptable to this thread and how we trade them.

Pablo
I think you may have to post a chart(s) showing us what you mean. What else is there besides support/resistance, highs & lows, wave analysis?
  • #9,435
  • Jan 12, 2010 3:30pm Jan 12, 2010 3:30pm
Do you remember the 1st chart below?

Did anyone understand the relevance of this post I made this morning?

Quoting PabloOnFX
..................on UJ watch out for the pull up to the trendline to test Resistance, followed by a nice drop.
See the 2nd chart - it was highly predictable if you know what to look for in the Wave Pattern.
Incidental, it could also have prevented some losses in the "Wacky Races" this morning for some traders too.

Now review this ...

http://www.learnforexlive.com/trendline-breakouts.php

I'm not advocating that actual trading method but suggest a compendium of high probability Wave Pattern Set-ups based on SonicR and how we trade them.

Pablo.
p.s. I'm still learning
Attached Image(s) (click to enlarge)
Click to Enlarge Name: uj 4.gif Size: 22 KB
Click to Enlarge Name: uj trendline bo.gif Size: 24 KB
  • #9,436
  • Jan 12, 2010 4:48pm Jan 12, 2010 4:48pm
Quoting ddaytrader
You mean like the current double top set up on the GU?
Yes, ddaytrader. I remember the H&S chart months ago, and we hoped for a gigantic pip drop! (which never happened....not yet, anyway).

But I have the same sentiments you do on this. Just one thing. Please look at my H4 pic attached. After PA dropped thru R, it came back up to test it 3 times so far. And more recently, two upside moves topped off below R. And yet, I cannot get out of my mind that the price may be pushed one more climatic time to R. I'd be happy for any comments you have on this thought.

That is for the larger picture. On the M15 pic, after 3 sessions with upside thrusts, you'd think some donwside would be in order.
Attached Image(s) (click to enlarge)
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  • #9,437
  • Edited 5:15pm Jan 12, 2010 5:04pm | Edited 5:15pm
EU:

H4 shows PA climbed back up to/thru R/S, then came back down/thru/up/thru/down to R/S, etc . This is a "decision time" level. Which ever way it goes, there is lots of room for the next move.

M15 shows the oscillations. I have only one thing to say about this after wasting so much time on UJ, which for three days had preliminary northbound setups only to go south each day. Don't jump in early on a preliminary setup.....you willl waste a lot of time and a few pips at best. Since this has lots of room to go in either direction, there is no need to push it.
Attached Image(s) (click to enlarge)
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  • #9,438
  • Jan 12, 2010 6:15pm Jan 12, 2010 6:15pm
Short GU at 1.6149 exactly.

SL 1.6181

TP1 1.6099

TP2 1.6065

These may change as I may elect a trailing stop rather than fixed targets.
Attached Image (click to enlarge)
Click to Enlarge Name: GU 2010-01-12 Sonic Short1.jpg Size: 121 KB
  • #9,439
  • Edited 7:03pm Jan 12, 2010 6:27pm | Edited 7:03pm
TAH & DDaytrader, I've got to say thank you.

Placing the Fibonacci Expansion on my charts has really help me identify the waves. I traded it all day today with $432.63 in profit. (Unfortunately it's on a demo account)
  • #9,440
  • Jan 12, 2010 6:48pm Jan 12, 2010 6:48pm
Quoting slade1986
TAH, I've got to say thank you.

Placing the Fibonacci Expansion on my charts has really help me identify the waves. I traded it all day today with $432.63 in profit. (Unfortunately it's on a demo account)
Your "thanks" truely goes to ddaytrader, who helped me convert from a different way of using them to this more standard way, which works very nicely with the better SonicR waves. In fact, that is why I like them. The better the waves, the better the FE works. It encourages me to focus on the waves.
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