Sonic R. System

I Put Orders For Both Side, Because There Was a Possible Wave For Up (White Lines) And Down (Orange Lines), So If It Broke Up, I'd Gone Long. But Because Of The Influence Of 50% Fibo And Because 1.3600 Was a Important Resistance And Price Couldn't Bounce Of It Once, So I Was More Bearish, So I Post The Short Orders.

And About A/U, Besides The Last Bullish Move (Result Of a News), It Acts Mostly Like EU And GU. So When I Saw a Bearish Sonic Entry Forming On EU, And I Saw It Too On AU, GU And There Is a Bullish Wave Forming On U/CHF, I'll Put Order For All Of Them, Then After The First Order Execution, I'll Cancel The Other Orders. In This Matter, I'll Catch The Strongest Move.

I Hope I Was Clear ...

Regards,
Basber

Hi TAH,
Could u explain more about that GU trade, why u took it? Maybe main reason was H4 down trendline and previous ressistance? also FIB 38?

H4 has been ranging. Yesterday I thought price would run down to bottom...maybe one last time down there before the H4 down trend reversed. But instead, there was a strong move up. When I saw the high trading at the highs this session, I believed it was a selloff and that a move down might happen. I still wonder if we miight see price drop to the bottom of the H4 range.

Big Thanks, now better understand.

READ THIS !

Hi Guys,

I Just Noticed Something And Wanted To Say It, Because I Feel It's Important

I've Noticed Many Traders Are Reading This Thread, But They Don't Share Their Experieces And Their Setups. As You See, Most Of The Setups That Shared Are From Some Certain Traders That Some Of Them Doesn't Even Learn Any Particular Thing From Sharing, Like TAH.

1 Year Ago, I Was Reading This Thread For 1 Month, But Before I Share My Trades, I Didn't Understand The Bone Of The System.

So I Invite New Traders To Share Their Setups. It Doesn't Have Any Advantages For Me, It Just Will Shorten Your Learning Process.

Guys, If You Don't Take Live Setups And Debug Them, You'll Leave This Thread Just Like Many Other Places That You Left Or You'll Leave. Believe Me Or Not, Even If You Found Out This System Doesn't Work For You, You Found a Way To Learn a Method, Not Just Read It's Manual And Read Some Posts From Beginning And Maybe Skipping To The End And Watching What Is Happening.

I'm Asking This Because I Care For People Who Are Putting Their Time To Read This Thread. Because I Know The Influence Of Sharing a System.

Muhammad Once Mentioned There Were 39 Traders Viewing This Thread, But Guys, If You Don't Share, You'll Leave Sooner Or Later, With Empty Hands. We Are Not Here To Gain Credit For Ourselves Or For This Thread, We Are Here To Help Traders Who Are New To This Method.

I Discussed With So Many Traders About Their Methods And Many Other Things ... Discussing Doesn't Meant To Accept Their Way, You May Learn Many Other Things That You Can't Even Imagine.

Sorry But I Must Say It Will Be a Very Long Road IF You Want To Learn It Quietly. The Thing Is You Might Give Up Before Your "Aha" Moments.

Here Are Some Traders Who Wish To Help You, Too Bad Many Of You Don't Use What's Freely Is Giving To You ...

Regards,
Basber

Good Post Basber, hopefully new people will come out of the closet.

Maybe, some new people feel they will get ridiculed or something for asking a question. Yet, there are NO stupid questions.
We have all been there, I am probably still there right now.

Get it out in the open folks, these people care unselfishly about helping people to learn this system.

Look at me, I spent nearly a year studying this system, I thought I understood then realized I did not understand half of it.
I blew all my fuses & went off and spent a couple of months on private illustrious forums, before that I tested over a thousand indicators all of which told me one thing, and one thing only, that being, "YOU DO NOT HAVE CLUE WHAT YOU ARE DOING"!

Then it clicked, and that is why I am back and asking questions.

As they say, you can't make an omelet without breaking a few eggs.
Unfortunately these eggs are inside our own heads.

Doest this system work in the Asian session?

Sonic and many others, avoid the Asian session.
I believe, because during the Asian session price moves on such little volume and can give too many false signals.

Hi,

I Trade U/J And E/J (Mostly Yen Pairs) During Asia Session, But As Rastaman Mentioned, There Are Many False Signals During This Session. I Recommend You To Trade During London And NY Session If You're New To This System. After You Got Used To It, You'll Find a Safe Way To Trade Asia Session

Regards,
Basber

Morning folks.

Basber, just looking at EJ on M15.

Looks like we may have a break at 123.08 and maybe a decent EP would be 123.14 Looks like we have a reasonable resistance area around the 122.85 area which may be good for SL.

I am going to wait for LO though, and if it takes off without me before then, I shall let it go without me.

Looks to be a serious counter trend trade on higher TF.

What do you think?


Edit: This is a slightly different chart with the fibo on M15 absolute High (after retrace) to Absolute low.

We appear to have confluence of the 61.8 & 38.2 fibo just below the EP area & above the Weekly pivot.

GU:

This is behaving uniquely right now. And it might break down. Watching it.

Edit: It won't be going anywhere until it breaks down thru the second level.......(second chart)

Tah, Don't want to confuse new people but take a look at the Friday daily bar.

Price seems to be right at the 61.8 of that PB and testing it.

Rastaman, I think you need to show me a chart because I am only guessing as to what you are trying to communicate.

hi SonicR traders...

i just took cable short @1.5645 (live account).... sl @1.5673 tp @1.5579

i need your advice, regarding Sl, Tp.

thank you

DanPa

SL will be nice to be near 1.569x area..

Sonic

You might consider putting SL at BE + a bit of profit ASAP. Frankfurt opens now. PA could go either way for a bit of time until they show their hand.

I did put the sl @ +1 ....now it is a free trade..let see what is happen; should i use TS ? if yes...how many pips?

GU Short:

I am in this at 1.5605 from last Thursday, and from 1.5700 from Friday (not a SonicR entry). But this chart shows how I am viewing it based on current PA. And if you are in it around the blue EP area, you can move your SL to BE + profit (you decide) now, to protect some profit in case London Open causes a whipsaw up/down. Better to be out with some profit and re-enter higher again, to make additional profits. Just opinion expressed here, but it is one way to strategize.

So..TAH, you had in hand +100pips and you didnt take it? how come? can you explain your decision, it will help me to understand things....
thank you
DanPA


(ps: got stopped out +1 pips)

DanPA, my 1.5605 entry was a short trade entry. It went about 50 pips and reversed. I should have closed the trade with some profit, but I did not. I added more to the short trade at 1.5700.