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Sonic R. System

  • #10,041
  • Feb 17, 2010 7:58am Feb 17, 2010 7:58am
Close EU Short at BE : DPV looks strong and Fibo 50% too, with good volume for longs
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  • #10,042
  • Feb 17, 2010 8:14am Feb 17, 2010 8:14am
Quoting pipoca
Close EU Short at BE : DPV looks strong and Fibo 50% too, with good volume for longs
Pipoca, you can't know that it is "volume for longs." The increased trades around the DPV may be trades in anticipation of a break down. Furthermore, we don't know the size of the trades. While there are a lot of trades at the lows, some of those fewer trades a little higher may be for much more real moneis.. All I am saying is be careful about assumptions regarding trade counts.
  • #10,043
  • Feb 17, 2010 8:22am Feb 17, 2010 8:22am
Thx for remarks, now price below my EP fibo & DPV (-14 pips)
still learning
  • #10,044
  • Feb 17, 2010 8:36am Feb 17, 2010 8:36am
I am out at 91.03
The reasons.

News and a PB at the top.

I just needed to try to manage this trade for the experience.

The H4 showed me where the break would be if it came.

Great experience this trade.
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Starting to see instead of just looking.
  • #10,045
  • Feb 17, 2010 8:41am Feb 17, 2010 8:41am
...lucky i think..but...thank you very much !
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  • #10,046
  • Feb 17, 2010 8:59am Feb 17, 2010 8:59am
Quoting DanPa
...lucky i think..but...thank you very much !
I don't think you were lucky, you followed the sonic wave. Better than I did when I started.

The luck may have been this candle on H4. Its the same reason I took that USD/JPY trade. But, Shhhhhhhhhh.

It is a bullish Outside Bar on h4 and that is what you saw in the wave without probably being aware of a BUOB. See, you are getting good.

Ok, my lips are sealed or I will get into trouble, AGAIN.

If the top holds, it may go even further but there is some serious resistance close.

Edit: If you read Sonic's secret of Sonic R, you will understand it.
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Starting to see instead of just looking.
  • #10,047
  • Feb 17, 2010 9:13am Feb 17, 2010 9:13am
Quoting traderathome
EU Short Trade:

Price started to move again. A new FE is applied and targets moved a little in accordance. On this last move down, 66% of trade was closed at DPV per previous TP1 and is now added back at higher price. Still keeping three TPs. While a good move down might be in store, it could be a roller coaster. So IDing more TPs may enable more partial trade closings followed by re-entry at a higher price. SL is lowered, and I plan to move SL down more once PA is firmly rooted below DPV.


thanks to TAH....i got another 21 pips on EU. GOD BLESS !

and again..thank you for your kind words Rastaman !
  • #10,048
  • Edited 9:42am Feb 17, 2010 9:17am | Edited 9:42am
EU Short Trade:

A third closed at TP1 and SL moved to BE +

Edit: TP2 reached. Closed remaning 2/3. Will look for any good pullback to re-enter.
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  • #10,049
  • Feb 17, 2010 9:47am Feb 17, 2010 9:47am
Nice one T.

Basber must also have taken Tp?
Starting to see instead of just looking.
  • #10,050
  • Feb 17, 2010 9:51am Feb 17, 2010 9:51am
Quoting Basber
Too Early To Sleep Rasta, It's Just 5P.M Here ! I'm Having a Sell On EU. Reason I'm Taking This Trade Because Price Broke The 89EMA And Retested It Respectfully And The Is a Good Wave Forming.Very Low Risk Because I Had My Trades Today. Will Bring SL To BE ASAP.

P.S. : E/G Trade ---> SL @ BE Now.

Regards,
Basber
E/G Trade : BE +1Pip Hit

E/U Trade : TP Hit, +62 Pips.

Including E/J Trade (+41 Pips), Total 104 Pips Today.

Regards,
Basber
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Trading methods are designed to put the odds in our favor, not predicting.
  • #10,051
  • Feb 17, 2010 10:10am Feb 17, 2010 10:10am
Quoting Rastaman
Nice one T.

Basber must also have taken Tp?
Thanks, Rastaman. I should have let the last 1/3 run. TP3 was reached.
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  • #10,052
  • Feb 17, 2010 10:18am Feb 17, 2010 10:18am
How refreshing it is, to see Basber & TAH kick the market's Butt!

No doubt basber will do the same with the entrance exam tomorrow!!
Starting to see instead of just looking.
  • #10,053
  • Feb 17, 2010 10:22am Feb 17, 2010 10:22am
I didnt entry in this one because seems like everybody is concentrated on EU (with very good reason );
But, can i ask you guys what do you think about cable?

IT IS THAT AN SONIC ENTRY OR NOT?

Regards,
DanPa
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  • #10,054
  • Feb 17, 2010 10:30am Feb 17, 2010 10:30am
Quoting DanPa
I didnt entry in this one because seems like everybody is concentrated on EU (with very good reason );
But, can i ask you guys what do you think about cable?

IT IS THAT AN SONIC ENTRY OR NOT?

Regards,
DanPa
Yes, it is a SonicR entry. And PA is making its way down to S1 as I write this.....so, it is a good trade!
  • #10,055
  • Feb 17, 2010 10:33am Feb 17, 2010 10:33am
Quoting traderathome
Yes, it is a SonicR entry. And PA is making its way down to S1 as I write this.....so, it is a good trade!

Thank you TAH !

Regards
DanPA
  • #10,056
  • Feb 17, 2010 10:51am Feb 17, 2010 10:51am

about G/Y..same question..is that a SonicR entry?.... (if yes i missed too...) but it is good to know

DanPa

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  • #10,057
  • Feb 17, 2010 11:03am Feb 17, 2010 11:03am
Quoting DanPa

about G/Y..same question..is that a SonicR entry?.... (if yes i missed too...) but it is good to know



DanPa

Nope, read post #12 and others in that area. Price must come out of Dragon and STOP and then move back to/into, even possibly thru, the Dragon. The next time price passes where that candle stopped, you are in the EP zone. Your chart shows entry INSIDE THE DRAGON, which is NOT SonicR.
  • #10,058
  • Feb 17, 2010 11:06am Feb 17, 2010 11:06am
Quoting traderathome
Nope, read post #12 and others in that area. Price must come out of Dragon and STOP and then move back to/into, even possibly thru, the Dragon. The next time price passes where that candle stopped, you are in the EP zone. Your chart shows entry INSIDE THE DRAGON, which is NOT SonicR.

ok, got it!

many thanks !
  • #10,059
  • Feb 17, 2010 5:23pm Feb 17, 2010 5:23pm
I am wonder if this setup will work...i will give it a shot! (that is on demo account).
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  • #10,060
  • Edited 11:51pm Feb 17, 2010 10:07pm | Edited 11:51pm
Morning folks

USD/JPY looks interesting on H4 & M15

On H4 we have a bounce right at the top of the swing high off of the old support area and the retrace of the 50 fibo ,which is giving us the wave below the dragon on M15.

On M15 once again we have double bar low candles at 90.88.

Hopefully this 90.88 area may continue to hold until the London Open and if we see more bottoms at 90.88 this will be even better.
Price seems to be ranging between the monthly & Daily pivot.
What do you think T!
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Starting to see instead of just looking.
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