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Sonic R. System

  • #9,821
  • Feb 10, 2010 2:20am Feb 10, 2010 2:20am
EU M15:

What is currently going on with EU is likely going on with other pairs.....consolidation. Some pairs have flirted with their SonicR EP, but pulled away for more consolidation. Well, the longer consolidation goes on, the higher the chances become that the eventual break will result in a real good move. After all, if the players that move the market spend a lot of time preparing for a move, you can be sure they are going to get their monies worth out of it.

In the case of EU, I have attached a M1 chart. It shows what may turn out to be the heaviest trading in a couple of one minute intervals for the entire day! Looks like someone (Central Bank?) ran stops to free up positions for themselves. Whipsaw City, then......DIVE.....DIVE.....DIVE!
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  • #9,822
  • Feb 10, 2010 2:38am Feb 10, 2010 2:38am
Quoting cignus
TH : Check your e-mail
Have done so, and have replied. Thanks.
  • #9,823
  • Feb 10, 2010 2:40am Feb 10, 2010 2:40am
Here we go. still let me get in a 100 pips higher.

This was a load high sketch.

TP1 hit a it is now a free trade.

Edit: Took Tp2 no point being greedy.
And they may try it again.

Just wondering how many buyers there were after the weekly pivot broke and that PB. Poor buggers.
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Starting to see instead of just looking.
  • #9,824
  • Feb 10, 2010 2:51am Feb 10, 2010 2:51am
Quoting Rastaman
Yeah, I know.

I am thinking this is a load up high sketch.
I agree with you, Rastaman. Now, if GU and EU trek upwards over this and the next session, then I will be eating these words. But it looks like the big guns are making long trades look attractive....to coax traders to that side. It is what is needed by the big guns if they are going to sell their longs off and go short. They need to sucker enough people in on the long side! So, these little pumps up may be enough to trick traders into going long. Over time, the big guns will get their longs sold off and will have established their short trades, at which point the price will be dumped fast and hard. This is all sheer speculation.....not to be traded, for sure!

SonicR and forward!
  • #9,825
  • Feb 10, 2010 2:53am Feb 10, 2010 2:53am
For TH:
see, with a account of 300 EUR, with 2% risk, a stop loss at 20 pips suggest a 0.03 lots position...
It's working even with small account...
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  • #9,826
  • Feb 10, 2010 2:55am Feb 10, 2010 2:55am
Quoting Rastaman
Here we go. still let me get in a 100 pips higher.

This was a load high sketch.

TP1 hit a it is now a free trade.

Edit: Took Tp2 no point being greedy.
And they may try it again.

Just wondering how many buyers there were after the weekly pivot broke and that PB. Poor buggers.
Rastaman, not to be picky, but there are not TPs shown on your chart! Where are they?
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  • #9,827
  • Feb 10, 2010 2:58am Feb 10, 2010 2:58am
This is pure speculation but take a look at H4, are they going to hold this right above the 38.2 fibo. until the BOE inflation news in 30 mins, then pummel it down.


EDIT:

I did not put any TP on, they were just in my head with things moving so fast, see lower pic
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Starting to see instead of just looking.
  • #9,828
  • Feb 10, 2010 3:32am Feb 10, 2010 3:32am
Quoting cignus
For TH:
see, with a account of 300 EUR, with 2% risk, a stop loss at 20 pips suggest a 0.03 lots position...
It's working even with small account...
here is the TE file...
(now I'm late to work ... )
Attached File(s)
File Type: ex4 TraderWawasan TE v2.0.ex4   6 KB | 480 downloads
  • #9,829
  • Feb 10, 2010 3:37am Feb 10, 2010 3:37am
Quoting Rastaman
This is pure speculation but take a look at H4, are they going to hold this right above the 38.2 fibo. until the BOE inflation news in 30 mins, then pummel it down.


EDIT:

I did not put any TP on, they were just in my head with things moving so fast, see lower pic
Just remember this thread is for the mutual benefit of all that are trying to learn and be successful with SonicR. EPs and TPs that are in our heads don't help much!
  • #9,830
  • Feb 10, 2010 3:47am Feb 10, 2010 3:47am
Quoting traderathome
Just remember this thread is for the mutual benefit of all that are trying to learn and be successful with SonicR. EPs and TPs that are in our heads don't help much!
I hear ya T.
Starting to see instead of just looking.
  • #9,831
  • Feb 10, 2010 3:59am Feb 10, 2010 3:59am
Quoting Rastaman
I hear ya T.
Actually, I shouldn't talk. My SLs are usually just in my head. Though I try to chart them here per SonicR rules. It is the only reason I am still in the EU trade.....after they whipsawed it about 40 pips! Still, it is about 15 pips above my entry.
  • #9,832
  • Feb 10, 2010 4:09am Feb 10, 2010 4:09am
Quoting traderathome
Actually, I shouldn't talk. My SLs are usually just in my head. Though I try to chart them here per SonicR rules. It is the only reason I am still in the EU trade.....after they whipsawed it about 40 pips! Still, it is about 15 pips above my entry.

I know, you gave me the idea. loL

Anyway, you are right, we need the tp/

I am in on the original sonic trade, only now with a higher ep.
Edit: I am totally ignoring the news spikes and using the original sonic wave.
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Starting to see instead of just looking.
  • #9,833
  • Feb 10, 2010 4:22am Feb 10, 2010 4:22am
EU Short Trade Update:

With all this "long" side PA, yes a short trade. After all, the big guns create "long" side PA to get us to go long. That way THEY get to go short. (More non-tradeable speculation.)

Anyway, because there has been some "wrong way" PA, here is an update chart.
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  • #9,834
  • Feb 10, 2010 4:36am Feb 10, 2010 4:36am
A nice run up??

Sonic
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  • #9,835
  • Feb 10, 2010 4:55am Feb 10, 2010 4:55am
Quoting sonicdeejay
A nice run up??

Sonic
Yeah, about 30 pips....if you did everything exactly right and at the extremes. But wait 'til you see the run down!

Edit: Houston, ah........we have LIFTOFF! .......er.........LIFTDDOWN? Houston....?
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Attached Image
  • #9,836
  • Edited 5:09am Feb 10, 2010 4:56am | Edited 5:09am
Tp1 hit and SL moved to BE+ just above 61.8 fibo.

Don't like the almost triple bottom of those last 3 bars right before NYO.

It is now a free trade with plenty of profit taken off the table.

Let's see what the market wants to offer now that we have made sure it can't take anything away.
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Starting to see instead of just looking.
  • #9,837
  • Feb 10, 2010 5:08am Feb 10, 2010 5:08am
EU Short Trade (Cont'd):

PA broke Dragon and 89 ema, plummeted down thru EP, and has now pulled back to EP area. Just look at the pull back! It is right to the bottom TL.....a perfect retest! If this drops, it could drop like a ton of bricks!
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  • #9,838
  • Edited 7:34am Feb 10, 2010 7:12am | Edited 7:34am
I am out with Tp 2 hit.

I actually was going to leave a little of the lot in as we have an interesting looking PB on H4 but, I closed the whole trade by mistake.

It was interesting that by ignoring the news spike after I rode it down, the original sonic wave that I intended to take remained valid.
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Starting to see instead of just looking.
  • #9,839
  • Edited 9:38am Feb 10, 2010 9:05am | Edited 9:38am
Traderathome, Rastaman ..... and the others...thank you for sharing this precious informations...really helped me to learn and win with sonicR !

Best wishes and regards,

DanPa
  • #9,840
  • Feb 10, 2010 1:02pm Feb 10, 2010 1:02pm
Quoting Rastaman
Sure, you have to play with the inputs and change the number of zeros from 1 to 2 visa vi on certain pairs.


THANKS RASTAMAN

lmarti21
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