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Sonic R. System

  • #10,781
  • Mar 11, 2010 3:07am Mar 11, 2010 3:07am
Good day all
My first post on FF and it is on this thread, lets hope it is a good thread for me. I have read through many posts and the rules of Sonic so lets hope i can get it right. I see a few of you have been on this thread for a while so hopefully that is a good sign, hope you have been making good pips.
  • #10,782
  • Mar 11, 2010 3:15am Mar 11, 2010 3:15am
Is it just me, it seems everyone is taking Long trades before we have a higher high?
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Click to Enlarge Name: uj.jpg Size: 141 KB
Starting to see instead of just looking.
  • #10,783
  • Mar 11, 2010 3:21am Mar 11, 2010 3:21am
Quoting mr_slim
Good day all
My first post on FF and it is on this thread, lets hope it is a good thread for me. I have read through many posts and the rules of Sonic so lets hope i can get it right. I see a few of you have been on this thread for a while so hopefully that is a good sign, hope you have been making good pips.
wellcome slim.. we are all here to learn and earn...all are friendly and willing share their 2cents
  • #10,784
  • Mar 11, 2010 3:23am Mar 11, 2010 3:23am
Quoting mr_slim
Good day all
My first post on FF and it is on this thread, lets hope it is a good thread for me. I have read through many posts and the rules of Sonic so lets hope i can get it right. I see a few of you have been on this thread for a while so hopefully that is a good sign, hope you have been making good pips.
Welcome!!!
Attached Image
  • #10,785
  • Mar 11, 2010 3:27am Mar 11, 2010 3:27am
My view on UJ
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  • #10,786
  • Mar 11, 2010 4:31am Mar 11, 2010 4:31am
Quoting mr_slim
Good day all
My first post on FF and it is on this thread, lets hope it is a good thread for me. I have read through many posts and the rules of Sonic so lets hope i can get it right. I see a few of you have been on this thread for a while so hopefully that is a good sign, hope you have been making good pips.
Welcome slim
I am learning this thread too. Let us go aheah together.
  • #10,787
  • Mar 11, 2010 4:34am Mar 11, 2010 4:34am
Quoting Rastaman
Yes, Basber, I am wondering if this is a fake out.
It didn't triggered to be considered as a fake out ...

Quoting ravin
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
I don't use any indicators, because all of them are lagging and shows past, not future. I just saw a huge trading volume at the lows of E/U. anyway, E/J trade didn't triggered ...

Regards,
Basber
Trading methods are designed to put the odds in our favor, not predicting.
  • #10,788
  • Mar 11, 2010 4:38am Mar 11, 2010 4:38am
Quoting Rastaman
Is it just me, it seems everyone is taking Long trades before we have a higher high?
In such cases, It'll enter before breaking the higher high, and when price reaches the resistance, I'll keep my eyes on it and I'll certainly tighten my SL or put it on BE for most of my position. you can even took partial profit at it. It gives you a better risk management due to smaller SL.

By the way, see what suits you the best. I usually don't trade these situations, but if I want to trade, I trade it as i said above

Regards,
Basber
Trading methods are designed to put the odds in our favor, not predicting.
  • #10,789
  • Mar 11, 2010 4:44am Mar 11, 2010 4:44am
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.

I'm more comfortable to wait for the mentioned candle CLOSE above/below the tunnel thingi ! I don't like the retrace to dragon band. That's just me

Regards,
Basber
Trading methods are designed to put the odds in our favor, not predicting.
  • #10,790
  • Mar 11, 2010 5:00am Mar 11, 2010 5:00am
Quoting Basber
I'm more comfortable to wait for the mentioned candle CLOSE above/below the tunnel thingi ! I don't like the retrace to dragon band. That's just me

Regards,
Basber
Was it also your opinion that the candle should close outside the dragon?
I have not been able to get this out of my head and the way it is worded makes me wonder.
Starting to see instead of just looking.
  • #10,791
  • Mar 11, 2010 5:05am Mar 11, 2010 5:05am
Quoting Rastaman
Was it also your opinion that the candle should close outside the dragon?
I have not been able to get this out of my head and the way it is worded makes me wonder.
I meant exactly what you said. If I want to go long, I wait for a candle to close above the tunnel dragon (outside the dragon).

Regards,
Basber
Trading methods are designed to put the odds in our favor, not predicting.
  • #10,792
  • Mar 11, 2010 5:57am Mar 11, 2010 5:57am
EP 123.79
SL 123.23
TP 124.40

Let us see what will happen in next
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  • #10,793
  • Mar 11, 2010 6:04am Mar 11, 2010 6:04am
Quoting Basber
I meant exactly what you said. If I want to go long, I wait for a candle to close above the tunnel dragon (outside the dragon).

Regards,
Basber
meaning the whole candle body including the wick rite
  • #10,794
  • Mar 11, 2010 6:05am Mar 11, 2010 6:05am
Quoting missH
EP 123.79
SL 123.23
TP 124.40

Let us see what will happen in next
kind of risky..for me as the previous high was retraced from 124.00...good luk (would be 3rd time trying to breach)
  • #10,795
  • Edited 6:40am Mar 11, 2010 6:11am | Edited 6:40am
Cool TP 1 hit on long UJ and EJ now all SL at BE,

UJ TP2 90.90
EJ TP2 124.50

Edit Close all , now wait and see, maybe i will re-take these trade on a sonic re-entry
Attached Image(s) (click to enlarge)
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  • #10,796
  • Mar 11, 2010 6:18am Mar 11, 2010 6:18am
I have been looking at the g/u chart and wondering why no one mentioned taking this pair. It made a HH in respect to the previous swing high. It is above the dragon. Indicators pointing up. Closing candle above the previous HH, marked in blue. EP in white and SL in red.
THe only thing i can see wrong is that it was still making lows and LL.
MAybe there is something else i am missing, maybe you guys could let me know your thoughts?
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  • #10,797
  • Mar 11, 2010 6:23am Mar 11, 2010 6:23am
Quoting ravin
meaning the whole candle body including the wick rite
No, the wick has nothing to do with the close of the candle. The body of the candle must be outside or the close of the candle will be inside the dragon.
Some candles do not even have a wick.
Attached Images
Starting to see instead of just looking.
  • #10,798
  • Mar 11, 2010 6:42am Mar 11, 2010 6:42am
EY +42 pips
UY +20 pips
ChfYen +30 pips

Good job!
Attached Images
  • #10,799
  • Mar 11, 2010 6:46am Mar 11, 2010 6:46am
Quoting ravin
kind of risky..for me as the previous high was retraced from 124.00...good luk (would be 3rd time trying to breach)
Thank you ravin.
If it meet strong resistant near the 124, I will close all position.
  • #10,800
  • Mar 11, 2010 7:10am Mar 11, 2010 7:10am
EU i thought would let me short as i was bearish bias for the pair.. now we have come to a situation (market has presented)...could go either way....the NEWS will decide North o South imho

No trades for me since morning though Danpa was precise.. in getting few..Congratz..probably being alone help his concentration.....

I would rather wait till it comes my way
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