Sonic R. System | Page 539 | Forex Factory

Options

Go to
Permalinks
Print Thread

Similar Threads

Sonic R.evolution 95 replies

The System Behind the System, by Merlin Jeffries 16 replies

Old School Sonic System + Other Things 11 replies

Knife system, Vegas 4h system related questions. 4 replies

Would you trade this system? New system #2. 10 replies

Attachments: Sonic R. System
Exit Attachments

Sonic R. System

  • #10,761
  • Edited 1:40am Mar 11, 2010 1:17am | Edited 1:40am
ep 123.41
sl 123.14
tp 123.95

ps: i am light in this one!

-25 pips! ouch i have to admit it..both indy was under the line...stupid trade!!!
Example of how NOT to do it!
Reason: indy, lack of serios PA, out of London session...
Attached Image (click to enlarge)
Click to Enlarge Name: ey long 1103.jpg Size: 125 KB
  • #10,762
  • Mar 11, 2010 1:39am Mar 11, 2010 1:39am
Quoting DanPa
ep 123.41
sl 123.14
tp 123.95

ps: i am light in this one!

-25 pips! ouch i have to admit it..both indy was under the line...stupid trade!!!

DP, did you not notice that no candle closed above dragon?
Starting to see instead of just looking.
  • #10,763
  • Mar 11, 2010 1:41am Mar 11, 2010 1:41am
Quoting Rastaman
DP, did you not notice that no candle closed above dragon?
yes R, NOW i can see clearly!!
  • #10,764
  • Mar 11, 2010 1:43am Mar 11, 2010 1:43am
Ok guys we are in the session.. i have made up my mind and places a sell order to short EJ
EP 122.95
SL 123.75
TP 122.20
Attached Image (click to enlarge)
Click to Enlarge Name: My EJ in waiting.JPG Size: 117 KB
  • #10,765
  • Mar 11, 2010 1:44am Mar 11, 2010 1:44am
I risk the wrath of Basber here but look at the Bearish hammer on H4, with only 15 mins left.
Attached Image(s) (click to enlarge)
Click to Enlarge Name: pic.jpg Size: 149 KB
Click to Enlarge Name: m15.jpg Size: 147 KB
Starting to see instead of just looking.
  • #10,766
  • Mar 11, 2010 1:46am Mar 11, 2010 1:46am
Quoting cardinale
There are volume spikes in several pairs. Does this attract anyone's attention or do you ignore because it's Asian session?

E.g. GU:
It's safer to trade Yen pairs during asia session. But I recommend to trade just LO and NYO until you understand this system enough and you are able to realize good entries, after that, for maximising your profit, you can trade asia session with a lot more care involved.

Regards,
Basber
Trading methods are designed to put the odds in our favor, not predicting.
  • #10,767
  • Mar 11, 2010 1:49am Mar 11, 2010 1:49am
Quoting ravin
Ok guys we are in the session.. i have made up my mind and places a sell order to short EJ
EP 122.95
SL 123.75
TP 122.20
I'm watching it too. Just one thing does not make me comfortable with this trade, and that is I have a bullish bias for E/U (Euro) in mind ... but I'll trade this setup if I saw a good break.

Regards,
Basber
Trading methods are designed to put the odds in our favor, not predicting.
  • #10,768
  • Mar 11, 2010 1:51am Mar 11, 2010 1:51am
Quoting Basber
I'm watching it too. Just one thing does not make me comfortable with this trade, and that is I have a bullish bias for E/U (Euro) in mind ... but I'll trade this setup if I saw a good break.

Regards,
Basber

Yes, Basber, I am wondering if this is a fake out.
Starting to see instead of just looking.
  • #10,769
  • Mar 11, 2010 2:02am Mar 11, 2010 2:02am
Rastaman, forget the "candle must close outside the Dragon" stuff. Read the following from Sonic's post #12:

Buy
Look for the candle go above upper white line and wait till the candle ends...and put the "Buy stop" few pips above the "High" of that candle.

Sell
Look for the candle go below lower white line and wait till the candle ends...and put the "Sell stop" few pips below the "Low" of that candle.

Please note that NOTHING is said about the candle having to close outside the Dragon.
  • #10,770
  • Mar 11, 2010 2:04am Mar 11, 2010 2:04am
Quoting traderathome
Rastaman, forget the "candle must close outside the Dragon" stuff. Read the following from Sonic's post #12:

Buy
Look for the candle go above upper white line and wait till the candle ends...and put the "Buy stop" few pips above the "High" of that candle.

Sell
Look for the candle go below lower white line and wait till the candle ends...and put the "Sell stop" few pips below the "Low" of that candle.

Please note that NOTHING is said about the candle having to close outside the Dragon.

Really, I must have dreamed that!

EDIT: Hang on though, Sonic says, Buy
Look for the candle go above upper white line and wait till the candle ends...! and put the "Buy stop" few pips above the "High" of that candle.

I thought he meant ENDS above the upper white line.
Starting to see instead of just looking.
  • #10,771
  • Mar 11, 2010 2:13am Mar 11, 2010 2:13am
This is interesting.
According to the wave volume, we have V193 going up V560 going down.
Attached Image (click to enlarge)
Click to Enlarge Name: m15.jpg Size: 130 KB
Starting to see instead of just looking.
  • #10,772
  • Mar 11, 2010 2:16am Mar 11, 2010 2:16am
Quoting Rastaman
Really, I must have dreamed that!

EDIT: Hang on though, Sonic says, Buy
Look for the candle go above upper white line and wait till the candle ends...! and put the "Buy stop" few pips above the "High" of that candle.

I thought he meant ENDS above the upper white line.
Candle must extend out of Dragon. We must wait until the TF ends. The candle can close inside or outside the Dragon, it really doesn't matter.
  • #10,773
  • Mar 11, 2010 2:20am Mar 11, 2010 2:20am
UJ Long Trade:

PA currently passing EP. FE 100% level is target and within 14 day average range.
Attached Image (click to enlarge)
Click to Enlarge Name: # 344.gif Size: 29 KB
  • #10,774
  • Mar 11, 2010 2:20am Mar 11, 2010 2:20am
Quoting traderathome
Candle must extend out of Dragon. We must wait until the TF ends. The candle can close inside or outside the Dragon, it really doesn't matter.
Right T.

I will get that notion out of my head.
Starting to see instead of just looking.
  • #10,775
  • Mar 11, 2010 2:25am Mar 11, 2010 2:25am
Quoting traderathome
UJ Long Trade:

PA currently passing EP. FE 100% level is target and within 14 day average range.

With you in this one!

Also, i saw EY is acting like he want up!!! (of course he want if UY want up) so, after all, my SL was too tight?
  • #10,776
  • Mar 11, 2010 2:37am Mar 11, 2010 2:37am
Quoting DanPa
With you in this one!

Also, i saw EY is acting like he want up!!! (of course he want if UY want up) so, after all, my SL was too tight?
When in a trade, the thing about SL positioning is this.....you never know if LO traders or US open traders are going to give PA a hard pullback before letting the trade continue. They can manipulate the price like that to give themselves better entry to the trade. And if your SL is too tight, you can end up out of a good trade. I don't know the answer to how to best set SL. I guess if you believe in the trade, you can give it some room so as not to be taken out. If you are unsure of the trade, then maybe a tight SL and let DanPa's wife set the TP!
  • #10,777
  • Mar 11, 2010 2:39am Mar 11, 2010 2:39am
Quoting Basber
I'm watching it too. Just one thing does not make me comfortable with this trade, and that is I have a bullish bias for E/U (Euro) in mind ... but I'll trade this setup if I saw a good break.

Regards,
Basber
Hi basber
how do you decide bullish/bearish biasness ...i see H4 D charts for EJ all trending down... is there another method to find out ....suggestions wellcome
  • #10,778
  • Mar 11, 2010 2:44am Mar 11, 2010 2:44am
Quoting traderathome
When in a trade, the thing about SL positioning is this.....you never know if LO traders or US open traders are going to give PA a hard pullback before letting the trade continue....
LOL!

again in that trade!!!!!!
long EY 123.43
sl 123.00
tp 124.00
my wife just left, so, it is all by myself!! yupiii!
  • #10,779
  • Mar 11, 2010 2:44am Mar 11, 2010 2:44am
EJ Long Trade

Edit : EP 123.44
SL 123
TP1 123.85
TP2 124.50
Attached Image (click to enlarge)
Click to Enlarge Name: ej long order.gif Size: 52 KB
  • #10,780
  • Mar 11, 2010 2:50am Mar 11, 2010 2:50am
Ey
ep 123.43
sl 123.00
tp 124.00

chfyen

ep ep 84.47
tp tp 88.40
sl sl 88.14
Attached Image(s) (click to enlarge)
Click to Enlarge Name: ey long 1103.jpg Size: 126 KB
Click to Enlarge Name: chfyen long 1103.jpg Size: 128 KB
18 traders viewing now