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Sonic R. System

  • #9,481
  • Jan 13, 2010 12:55pm Jan 13, 2010 12:55pm
EJ is following the same pattern as per post 9435

The 4hr TL isn't a large as the previous example but the pattern is the same

Pablo
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  • #9,482
  • Jan 13, 2010 1:09pm Jan 13, 2010 1:09pm
hello David SonicR is about to Support and Resistance and find good Area for support and resistance u have to analiys Higher TF like 4hr and D1 TF i dont like to watch 1hr tf for S&R IMO u have to check minimum 4hr TF or D1 or its depend on you David just think its my advice ok

Muhammad




Quoting david4u
M15 X 4 = H1
M15 X 16 = H4
Muhammad , don't you think the H1 is more suitable ?
We are trading M15 chart .
As far as I know X 4-6 times is considered the appropiate ratio.
Just my 2c
David
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  • #9,483
  • Jan 13, 2010 1:14pm Jan 13, 2010 1:14pm
Hi DD good see u here i was busy in my interview today and i got a job in tellecom company . we will continue with 15 min chart and 4hr chart when feel SonicR trades

Muhammad



Quoting ddaytrader
I'll start us off, Muhammad, as I think this is a great idea.

I am on "SonicR Watch" for a short SonicR on the UJ. As you can see on the H4, Price rallied above resistance, tested that resistance as support, rallied to a new high, and then fell back to the new support level. Price has broken below that new support, and now has formed a bear flag testing that resistance level. I will be playing a Sonic short on the M15 for a 100 pips and 200 pips TP's.
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  • #9,484
  • Jan 13, 2010 1:46pm Jan 13, 2010 1:46pm
here is my Higher TF analyis for the Sonic R trades i m not trade on every setup i m trying to take A++ or A or B setup ...i m still learning i m not pro and i m still junior if i make any mistake so plz correct me its request for the senior thnx sory for Bad english ....

Muhammad
Attached Image(s) (click to enlarge)
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  • #9,485
  • Edited 2:14pm Jan 13, 2010 1:58pm | Edited 2:14pm
UJ Long Trade Setup:

PA is moving up after data digested. New FE, levels, targets, SL. Would be confirmation if we get a candle close above the half number.

Edit: And second M15 chart to show new FE and both Tps moved to R1 which lays between the two FE target levels 162 and 262. I do this in consideration of the dwindling time left in the session. R1 is not an unreasonable target considering remaining time. There is no trade unless we get a good push thru Ep north. Perhaps a tall candle push, close above 91.50, short candle pullback (entry).......
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  • #9,486
  • Jan 13, 2010 2:49pm Jan 13, 2010 2:49pm
Quoting traderathome
UJ Long Trade Setup...
Or, UJ short set up ...
Attached Image (click to enlarge)
Click to Enlarge Name: UJ 2010-01-13 Maybe one more down leg2.jpg Size: 70 KB
  • #9,487
  • Edited 5:03pm Jan 13, 2010 4:38pm | Edited 5:03pm
Quoting ddaytrader
Or, UJ short set up ...
Now ddaytrader, what am I supposed to make of this here chart of yours? You have pulled in a lot of candle data, but those pretty green lines have no instructional or educational value until it is shown by you just how they were derived by displaying the full FE or the FR tool placement!

Geez, my friend, if anybody else did that you'd be crawling all over them!

Edit: I agree with you in that I too feel that this likely will turn down. But you know things like this can be dragged out. After all, if it is scheduled to plummet, why not take a little longer to short it first......and maybe pump it back up there a little bit more again for even better shorting prices! After a nice run up as it shows on the H4, yes, one would expect eventually a nice pullback, or possibly reversal run. But hey, these things are determined by syndicates with huge amounts invested, and to invest. Now that they have it up there, I'm faily confident they are in no rush to pull the rug out, at least not until they are finished dilly dallying up there.
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  • #9,488
  • Edited 5:39pm Jan 13, 2010 4:59pm | Edited 5:39pm
Quoting traderathome
Now ddaytrader, what am I supposed to make of this here chart of yours? You have pulled in a lot of candle data, but those pretty green lines have no instructional or educational value until it is shown by you just how they were derived by displaying the full FE or the FR tool placement!

Geez, my friend, if anybody else did that you'd be crawling all over them!
Now, TAH, that is the same old FE, with profit targets at the 1.61, 2.62, and 423 fib levels (I choose not to junk my chart up with too much data, so I call them profit target with the price level on each line). Anchored at the high, low, lower high
Attached Image (click to enlarge)
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  • #9,489
  • Jan 13, 2010 5:10pm Jan 13, 2010 5:10pm
Quoting ddaytrader
Now, TAH, that is the same old FE, with profit targets at the 1.61, 2.62, and 423 fib levels (I choose notto junk my chart up with too musch data, so I call them profit target with the price level on each line). Anchored at the high, low, lower high
Thanks for that info, ddaytrader. Of course you know that for several days prior I have been posting long trade setups....which never panned out and the durned thing kept going south! So why do I have this bug about it going north.....still!?

I sure don't know why. It hasn't been cooperating with me up to this point, so yours is probably the correct call on it.
  • #9,490
  • Jan 13, 2010 5:57pm Jan 13, 2010 5:57pm
Quoting traderathome
So why do I have this bug about it going north.....still!?
I do not know. Like I said last night about my own short GU trade - sometimes it is helpful to take all the extraneous stuff off of my chart, and scrunch as much data in the price pane as MT4 wil allow, and then all of sudden, things look different. I think you do what we all do - we focus so much on the waves, we sometimes miss the ocean!

Quoting traderathome
... so yours is probably the correct call on it.
I'm not trying to make a call. I'm just showing what the waves seem to be presenting. Perhaps you are also trying too hard to make calls, and as a result, you are putting too much You into your analysis, and not enough pure price action. I know that whenever I let myself get an opinion about which way price is going, I start to look only for evidence supporting my opinion, and I seem to go blind to the often overwhelming evidence that would tell me my opinion is wrong. Again, last night I was of the opinion that the GU had gone too far too fast and was due for a nice decline. Well, who the heck am I to think such a thing? Why should the market behave as I think it should behave?

Fortunately for me, I was able to bail out of that trade with a minimal profit (70 cents, to be exact - much less than even 1 pip) before price would have trampled my stop loss. I said to myself, "am I reading the waves, or am I imposing my opinion on the waves?" And when I took the long view of a naked M15 with all the data I could fit on there, I readily saw that I was short in the middle of a bull flag, which is the same thing as being a bear caught in a bear trap!

We really are our own worst enemies when it comes to trading, TAH. I'm sure you are just doing the same things we all do. The important thing to do is try to be aware of yourself and your ego more. That way you will be more atuned to distinguishing the sounds of the waves from the secret whiperings of your brain. I actually have a post it note on my computer (one of many), that says, "Stop! Is that the waves talking, or is it me?" It is right below one that says "Be More Picky" (thank you Basber) and above one that says "Patience!" Sounds corny, but they work.

Listen to the waves, TAH, they will show you the way.

By the way, the UJ could go either way, of course. To me, the waves are hinting that a downside resolution slightly out favors an upside trip right now; but who knows? We play probabilities, not certainties. As a good buddy of mine always says, "That is, after all, what a stop loss is for."
  • #9,491
  • Jan 13, 2010 6:19pm Jan 13, 2010 6:19pm
Quoting ddaytrader
I do not know. Like I said last night about my own short GU trade - sometimes it is helpful to take all the extraneous stuff off of my chart, and scrunch as much data in the price pane as MT4 wil allow, and then all of sudden, things look different. I think you do what we all do - we focus so much on the waves, we sometimes miss the ocean!



I'm not trying to make a call. I'm just showing what the waves seem to be presenting. Perhaps you are also trying too hard to make calls, and as a result, you are putting too much You into your analysis,...
Another fantastic medicinal ddaytrader post! By the time we all learn to do what ddaytrader talks about here, we should all have degrees is self-phsycology!

Good reading. Thanks, ddaytrader!
  • #9,492
  • Jan 13, 2010 6:42pm Jan 13, 2010 6:42pm
Quoting traderathome
Another fantastic medicinal ddaytrader post! By the time we all learn to do what ddaytrader talks about here, we should all have degrees is self-phsycology!

Good reading. Thanks, ddaytrader!
True. Ddaytrader communicates very accurately to explain the SonicR trading.
It was his posts that got that 'click' in my mind and everything started to make sense.
I think he is very important to this thread.
cut losses short, let profits run.
  • #9,493
  • Jan 13, 2010 6:51pm Jan 13, 2010 6:51pm
Quoting Domas4
True. Ddaytrader communicates very accurately to explain the SonicR trading.
It was his posts that got that 'click' in my mind and everything started to make sense.
I think he is very important to this thread.
Hi Domas4! Great trade you had on GU. Congrats! Yes, he is.
  • #9,494
  • Jan 13, 2010 6:55pm Jan 13, 2010 6:55pm
Quoting david4u
The chart is from Vytautas but I ask myself all the time this question...
In the chart we have a sonic setup BUT also we see the down channel drawn by the indicator (or manualy)
Every time the price touched the upper channel , price got res. and went down .
There is a contradiction . Sonic wave says go Long.
Indicator says , be careful , price may move down ...
even , take a short ...
So what we do now ?
We took the long trade and forget about the down channel ?
If we do not take the channel into consideration , why to use it ?

I believe... 1 bad thing about channel is they repaints...
Now u see the down channel line as it is already repaint according to how price move...

http://cdn.forexfactory.com/attachme...1&d=1263404830

It MAY be a up channel at the time.when price go above dragon...where u put ur red arrows..

Jus 2 cents..

Sonic
  • #9,495
  • Jan 13, 2010 8:59pm Jan 13, 2010 8:59pm
UJ Long Trade Entry Made: Per pic.
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  • #9,496
  • Jan 13, 2010 9:21pm Jan 13, 2010 9:21pm
I went with the EJ as it had been stronger than the UJ.
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  • #9,497
  • Jan 13, 2010 9:36pm Jan 13, 2010 9:36pm
Quoting ddaytrader
I went with the EJ as it had been stronger than the UJ.
Yes, I watched that one come and go.

And it got me thinking.....

SonicR has two general approaches that could be described as Macro and Micro SonicR strategies.

Yes the 4hr Charts can give you good insight to the Macro Set-ups but at the same time other profitable Micro Set-ups will have come and gone.

Both can be profitable and neither is superior to the other.

Pablo
  • #9,498
  • Jan 14, 2010 3:14am Jan 14, 2010 3:14am
Hey Sonicers,
GBP/USD possibility.
I am totally newbie in here.
Sorry for my English.
The oppinions are welcome!
Thank you.
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  • #9,499
  • Jan 14, 2010 3:32am Jan 14, 2010 3:32am
Anyone still have a copy of "forex trading for maximum profit" by raghee horner to share?

for some reason my version only able to read until page 114.
  • #9,500
  • Jan 14, 2010 4:38am Jan 14, 2010 4:38am
Quoting de_moschino
Anyone still have a copy of "forex trading for maximum profit" by raghee horner to share?

for some reason my version only able to read until page 114.
If anybody can PM me a link where I can download it too I will be very thanked
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