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Sonic R. System

  • #10,281
  • Edited 7:32am Feb 25, 2010 7:18am | Edited 7:32am
Although It's Going Down Again, I Closed It At BE. Price Retraced 3 Times To My Entry Point, Which Made Me Nervous ! Anyway, I'll Let It Ride Without Me

Regards,
Basber
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Trading methods are designed to put the odds in our favor, not predicting.
  • #10,282
  • Feb 25, 2010 7:35am Feb 25, 2010 7:35am
Quoting cignus
I also took this short EURUSD...
exé 1.3461 on 1/2 position...
SL on BE now...
  • #10,283
  • Feb 25, 2010 7:39am Feb 25, 2010 7:39am
Quoting cignus
Hi !
I take this 5min sonic set up coupled with an Head and Shoulders set up on DJ future...
SL is more conservative to try to respect an 1 to 2 risk / reward ratio...

Let's see what the market decide for me...
I took 1/2 profit at 10287 before the news... and put TP @ 10270...
Exécuted at 10270

Nice trade
  • #10,284
  • Feb 25, 2010 8:59am Feb 25, 2010 8:59am
EUR/USD

I hope H4 held the double bottom.
Let's see how it works out.
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cut losses short, let profits run.
  • #10,285
  • Feb 25, 2010 11:00am Feb 25, 2010 11:00am
EU M15:

Shows sequence of lower highs, lower lows. Last move up failed at FR 50%. I placed red SL just above this failure area for future reference. There isn't a trade setup yet, but a short trade setup could develop. If so, I have put green TP1 where there is confluence with FR and FE lines. Ignore the blue EP line for now. If a setup occurs, it will show us where to place it.

This is very preliminary. Much can change with time. But since the longer term trend is down (Daily, H4), this could develop.
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  • #10,286
  • Feb 25, 2010 11:37am Feb 25, 2010 11:37am
Quoting mistersimple
ok look at this..
ok you can ask why i do all that..bcoz this stuff is working mate...
unlikely to other geek-snobish ass(()) on this forum...
i d rather share here than ask more...

dont forget market is like a plane needs time to take off and landing...if not it's a helicopter and you know helicopters dont fly far away..

yis

Eh, are you angry at someone?
If not, perhaps you should consider using more polite language.

This is not a kindergarten forum!
Starting to see instead of just looking.
  • #10,287
  • Feb 25, 2010 11:40am Feb 25, 2010 11:40am
Quoting Rastaman
Eh, are you angry at someone?
If not, perhaps you should consider using more polite language.

This is not a kindergarten forum!
ya ya ..no offense..


btw stocks slikde...EU holding ?!?!?!
  • #10,288
  • Feb 25, 2010 12:12pm Feb 25, 2010 12:12pm
Quoting mistersimple
ya ya ..no offense..


btw stocks slikde...EU holding ?!?!?!
That is the lesson of SonicR. Nevermind what stocks are doing,
or other currencies; we do not trade correlations, negative-correlations
or news. We trade what we see in ONE chart.

Good luck :]
cut losses short, let profits run.
  • #10,289
  • Feb 25, 2010 1:07pm Feb 25, 2010 1:07pm
Quoting Domas4
EUR/USD

I hope H4 held the double bottom.
Let's see how it works out.
EUR/USD

Taking profit of 61 pips without waiting for it to reach the target.
Good trade.
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cut losses short, let profits run.
  • #10,290
  • Feb 25, 2010 1:14pm Feb 25, 2010 1:14pm
Quoting Domas4
EUR/USD

Taking profit of 61 pips without waiting for it to reach the target.
Good trade.
Yes, good trade Domas4! I am reluctant to go against the trend right now, but cudos to you! Updated previous chart. This could set up for another signficant run down. Again, folks, ignore the blue EP line for now.
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  • #10,291
  • Feb 25, 2010 4:53pm Feb 25, 2010 4:53pm
Quoting traderathome
Yes, good trade Domas4! I am reluctant to go against the trend right now, but cudos to you! Updated previous chart. This could set up for another signficant run down. Again, folks, ignore the blue EP line for now.
Usually I ain't going against the trend too, but since I saw the choppy price
action and larger swings (HH,HL), I knew something was going to happen.
Buying pressure was coming in.

I see that you keep developing MT4 indicators. Outstanding work. Have you
tested the Pivot indicators on MT5 platform? Do they work there?

P.S. Where's DD ?
cut losses short, let profits run.
  • #10,292
  • Edited 6:15pm Feb 25, 2010 5:29pm | Edited 6:15pm
I am in this

EP 89.20
SL 88.98
TP1 89.63
TP2 (if i am awake) 89.97

Let see what market will say!


PS!!! took 22 pips after seconds i posted....SL 0 trailing now ..free trade
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  • #10,293
  • Feb 25, 2010 6:18pm Feb 25, 2010 6:18pm
Took 22 pips, SL 0 trailing... ..gooooood night all !
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  • #10,294
  • Edited 2:01am Feb 26, 2010 1:48am | Edited 2:01am
Got my eye on EU.

Looks like we are setting up & we just broke the high of yesterday.

TAH this is an interesting indicator, ZZ Ensign fibo with Andrews pitchfork included. choice of 3 fibos. I don't have a clue how to use it though apart from the fibos, wave and pitchfork.

EDIT: Now it looks like we have a short entry, if these double bottom candles break.
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Starting to see instead of just looking.
  • #10,295
  • Feb 26, 2010 1:55am Feb 26, 2010 1:55am
Hi sonic,
i am glad that finally i found a system which iam getting gud trading opportunities. i am new so i keep 20+ pips profit... i am comfortable with the with where to put the sl as well thanks to numerous sonic users for their caring. i just so sonic in your template that the news indicator visible like actual forecast etc ... can anyone direct me to get that indicatorthanks
  • #10,296
  • Feb 26, 2010 2:03am Feb 26, 2010 2:03am
Quoting Domas4
Usually I ain't going against the trend too, but since I saw the choppy price
action and larger swings (HH,HL), I knew something was going to happen.
Buying pressure was coming in.

I see that you keep developing MT4 indicators. Outstanding work. Have you
tested the Pivot indicators on MT5 platform? Do they work there?

P.S. Where's DD ?
For now, just testing on Interbankfx MT4 beta 5 digit platform. I don't know if this is really a beta MT5, but I doubt it. Interbankfx agent told me they expect summer release of MT5.

DD is trading futures..... Recently he said he though his schedule would be changing to allow more time for SonicR thread participation.
  • #10,297
  • Feb 26, 2010 2:08am Feb 26, 2010 2:08am
EU Possible Short:

Update from earlier....
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  • #10,298
  • Feb 26, 2010 2:15am Feb 26, 2010 2:15am
Looks like they were quietly pumping it down before the LO.

What is your opinion on the volume T?
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Starting to see instead of just looking.
  • #10,299
  • Edited 2:59am Feb 26, 2010 2:34am | Edited 2:59am
Quoting Rastaman
Looks like they were quietly pumping it down before the LO.

What is your opinion on the volume T?
Not just the increased trading on the start down, but also the CCI is turning down (yet to cross, though), SHI Channel is down, and PA failed at upper TL.....and that is when the increased trading took place.

Sooooooo........, it looks good for a short setup. (But how many times have such predictions turned sour?)

SonicR - Trade what the market decides.


Edit: I had the thought recently that sometimes it seems, like you said, there is a move (down for this example) in the 30-45 minutes before LO. Sometimes slowly over time, and sometimes more quickly, but definately before LO. It is as though the traders know by taking it down, and having shorted first, can not only close for profit, but immediately go long....knowing full well LO will pump it back up so they too can short at the highs. And when the LO traders do the pump up, the FO traders, having gone long at the bottom of their pump down, can close for profit again at the highs the LO traders take the PA to before THEY start the pump down. Then they all short at the LO highs, and the next pump down starts. Some speculation! But I would not be surprised if this is what is actually going on in these instances.

Edit: (Second chart) Notice that now that PA failed at Upper TL and made a small move down and the pulled back about 50%, it is spending some time where it is now. And where is that? Right around a significant S&R line/area (white line). Maybe PA will stay there until traders have finished preparing for next move.....up? Down?
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  • #10,300
  • Edited 3:04am Feb 26, 2010 2:43am | Edited 3:04am
I am thinking this is going to break short also.
Order in place and let the market decide.

EDIT

Price has been above yesterday's high all day long and all it could muster was 32 pips above it.
Also it looks like it could only retrace to the 50 fibo.

The fibos and Andrews pichfork have changed and the pitchfork seems to show us a clear trend line right above my EP.
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Starting to see instead of just looking.
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