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Sonic R. System

  • #9,561
  • Jan 20, 2010 12:22am Jan 20, 2010 12:22am
Zyga,
I like trendlines so there my explain, s/r most important also.
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  • #9,562
  • Jan 20, 2010 12:43am Jan 20, 2010 12:43am
Vytautas,
but in every trade we can find many many S and R... But what I see, it is always bad way. I do not make trades when I really see S/R, but you guys make many trades with S/R and it is successful nevertheless
  • #9,563
  • Jan 20, 2010 12:50am Jan 20, 2010 12:50am
i m in my office and making Balance sheets ........well zyga its trend reversing i sent 4 hr pics....if get the short trade from swing high to low then u will become to know its all about S/r game and DD took same trade and i passed comments its very seriuos tade i m still bearish...
zyga u ahve to walk with the trend...and trend is down now....
Muhammad



Quoting zyga
Hello, Sonicers,
maybe somebody can me explain, why this did not work prperly? I really don't understand. 4h - up, 15min setup was good, trade was tiggered, but SL hit again..
Thank you.
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  • #9,564
  • Jan 20, 2010 12:51am Jan 20, 2010 12:51am
and trend lines is good but if u put them on Higher TF its relaible.
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  • #9,565
  • Jan 20, 2010 1:48am Jan 20, 2010 1:48am
Vytautas,
Like I said - in every trade we can see S/R. You displayed it -> you went UP with your BUY, but the chart show us S/R, and trendlines going down.... So, where is the Grail?
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  • #9,566
  • Jan 20, 2010 2:06am Jan 20, 2010 2:06am
And one more thing - I was in the trade like you see in the picture. But yesterday all the day was really nervy, so I closed it with few pips... after seeing Vytautas' setup Long... And we have a rule - go forward with your head
BUT we see in that pic blue line, as we see it was S/R, so I shouldn't go this trade, even it was successful. I am really confused
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  • #9,567
  • Jan 20, 2010 2:14am Jan 20, 2010 2:14am
My biggest fault with that E/J long was that my setup was created by my expectations, not what I see. If you really look at chart without greed and expectations I wont open that setup. Trading and learning.

And your short, zyga, was really nice

Edit: use only your head. I (i think all have) had same situations, when close setup and open reversal by more experienced trader and that setup go SL.
  • #9,568
  • Jan 20, 2010 2:29am Jan 20, 2010 2:29am
Vytautas,
maybe nice, but zero profit
See, please, that chart of GBPUSD. ok, we see S/R blue line, so trade was DANGEROUS, but successful. where should be EP?
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  • #9,569
  • Jan 20, 2010 2:45am Jan 20, 2010 2:45am
I wont take that trade because I just dont like trade near asia with non JPY pairs.

We need understand that we cant be in every sonicR movie like in other systems too, because always will be something that wont let be in that movie.
Or maybe we can if trade like machines without emotions?
  • #9,570
  • Jan 20, 2010 2:57am Jan 20, 2010 2:57am
Quoting zyga
Vytautas,
maybe nice, but zero profit
See, please, that chart of GBPUSD. ok, we see S/R blue line, so trade was DANGEROUS, but successful. where should be EP?
Attachment
Zyga, I think you are splitting hairs (waste of time) by trying to be so exacting with Ep on this. Ep is, after all, an area and not a distinct price....just like all S&Rs are areas, not exact levels. SonicR says place your entry at least a few pips beyond extremity of last candle that came farthest out of the Dragon.

See in chart the blue band that encompasses the area between the extremities of the last TWO candles that came farthest out of the Dragon. Per SonicR, technically Ep would be at least a few pips beyond the bottom of the blue band.

Ep is always a judgement call, but per SonicR that call should start at least a few pips beyond the end of the last candle that came farthest out of the Dragon.
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  • #9,571
  • Jan 20, 2010 4:02am Jan 20, 2010 4:02am
TAH, please see the attachement, thank you.
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  • #9,572
  • Jan 20, 2010 4:31am Jan 20, 2010 4:31am
Quoting zyga
TAH, please see the attachement, thank you.
Attachment
Your blue line correctly marks an Ep area, but for the next run down past it! That did not happen until the run that created the failed break down. That failed break down created yet another sliglhly lower Ep.....an Ep for the NEXT run down past it!

At the time of the run that created the Ep you marked with your blue line, the ACTIVE Ep was the candle with the small body and very long lower wick, several hours previously. The run down which you marked blue, never made it to the currently active Ep. When that run stopped (where you marked it blue) and pulled back up into the Dragon, it left a new Ep for the NEXT run down. The next run down also failed, and left a new Ep for yet ANOTHER future run down (the one that finally made the break down). Do you understand how the sequence of events creates NEW Eps for FUTURE runs?
  • #9,573
  • Jan 20, 2010 5:56am Jan 20, 2010 5:56am
TAH,
thank you. Yes, I do.
I understand all H, L, LH and L, H, HL. But if we see all the rules of SonicR, we had to entry by your buble, where you wrote "PA failed ant Ep ...". In that case, we had to entry and wait SL or TP. Is it true?
How many pips should break furthermost candle to entry? 3, 5, 7 pips ?
Thank you
  • #9,574
  • Jan 20, 2010 6:17am Jan 20, 2010 6:17am
Quoting zyga
Hello, Sonicers,
maybe somebody can me explain, why this did not work properly? I really don't understand. 4h - up, 15min setup was good, trade was tiggered, but SL hit again..
I love these posts ... "Why did this not work properly?"

It worked fine - it was a good set up that resulted in a losing trade. For what it's worth, I exited at breakeven. I was stopped in and price could not hold the break out for even a minute or two. I was immediately negative pips. When that happens, and then price stays negative for more than a minute or two, I set my limit order to entry and pray my stop loss doesn't get hit first. I do not stick around these quick break and reverses. Even if it would have gone on for 100+ pips without me, I don't care! A SonicR trade that is goinng to work is usually going to move to +5 to +20 pips quickly, come back and test entry support, and then resume the climb. A SOnicR trade that breaks and busts immediately is not for me.
  • #9,575
  • Jan 20, 2010 6:23am Jan 20, 2010 6:23am
When you look for entry, you NEVER know that this will be A GOOD TRADE. If the price will go 5-7 pips through your H or L, then it will take your pending order, and it is possible that the price will go back in the same area… So? That candle will be another your L or H, but my pending order is ALREADY CAUGHT. I just will be waiting SL or TP, It is how I understand Sonic R.
But I see, TAH told me to look for not EXACT EP, but +- EP. I think I understood. Thank you.
  • #9,576
  • Jan 20, 2010 6:38am Jan 20, 2010 6:38am
Quoting zyga
I just will be waiting SL or TP, It is how I understand Sonic R.
Yes, you are correct. I tend to cut trades that do not go my way right away, and n that way I do things a bit differently.

My main point was that SonicR is not win-only system. There are good SOnicR trades that make profits. There are good SonicR trades that male losses. You are right - you do not know which will win and which will lose. But if they are in accordance with dtagon and waves, they are all good, win or lose.
  • #9,577
  • Jan 20, 2010 11:32am Jan 20, 2010 11:32am
Trading has been really poor tghis week i must say....... Its been very difficult getting entry points and when you get 1 is a lossing trade........but i must say am proud to be a sonikeeer
  • #9,578
  • Jan 20, 2010 11:35am Jan 20, 2010 11:35am
I will like to know if am doing it right....... I use finobachi extension to get my tp and i only take one tp .....pls sonickeers i need ur help
  • #9,579
  • Jan 20, 2010 12:21pm Jan 20, 2010 12:21pm
hello riosworos welcome here actually there alot of way to set TP not only one but its up to you and your analyis mostly traders use s/r lvl for the tp hope its help

Muhammad



Quoting riosworos
I will like to know if am doing it right....... I use finobachi extension to get my tp and i only take one tp .....pls sonickeers i need ur help
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  • #9,580
  • Jan 20, 2010 3:27pm Jan 20, 2010 3:27pm
Quoting zyga
TAH,
thank you. Yes, I do.
I understand all H, L, LH and L, H, HL. But if we see all the rules of SonicR, we had to entry by your buble, where you wrote "PA failed ant Ep ...". In that case, we had to entry and wait SL or TP. Is it true?
How many pips should break furthermost candle to entry? 3, 5, 7 pips ?
Thank you
I can see that you have not read the introductory posts to this thread, or you would not be asking that question. It was answered in #12 and #14.

I heartily recommend you read everything Sonic has written here about this method. It will answer most of your questions. Any other questions you might have will surely be answered by the other material you are exposed to along the way.
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