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Sonic R. System

  • #11,041
  • Mar 17, 2010 8:07am Mar 17, 2010 8:07am
Quoting DanPa
Ep 3758
sl 3800
tp 3729
tp2 3700
Yes MY EP 3745 SL 3800 TP 3685
  • #11,042
  • Edited 8:30am Mar 17, 2010 8:14am | Edited 8:30am
Quoting Rastaman
TAH

Can you clarify if this breakout was a classical sonicr or not?

DP and I are at odds it seems.

I don't think it was simply because we do not have a higher high and higher low. DP seems to think we don't need the higher low pullback for it to be a sonic setup.



Thanks in advance
Yes, it was a valid SonicR setup. If you will look at Sonic's charts, the actual sequence is :

L-H-HL-Breakout-HH, and H-L-LH-Breakout-LL.

In the chart you had L-H-HL-Breakout-HH. The breakout was a nice one, with EP right at the mR1 level on my chart.
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  • #11,043
  • Mar 17, 2010 8:32am Mar 17, 2010 8:32am
Quoting traderathome
Yes, it was a valid SonicR breakout.
Sorry Rastaman, i feel good because of cable (mean the pips), that's all!

Like i said..!
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  • #11,044
  • Edited 9:16am Mar 17, 2010 8:36am | Edited 9:16am
TP 1 reached, took +25 pips , now i run with SL beven!

EDIT: touchdown ..out for +1 for other half!
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  • #11,045
  • Mar 17, 2010 8:56am Mar 17, 2010 8:56am
GU:

I am wondering if it will also do a run down today. With strong runs up yesterday and today, could we get so quickly a pullback?
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  • #11,046
  • Mar 17, 2010 9:18am Mar 17, 2010 9:18am
Quoting traderathome
GU:

I am wondering if it will also do a run down today. With strong runs up yesterday and today, could we get so quickly a pullback?
TAH , 1.5274 as en entry for short here??
  • #11,047
  • Mar 17, 2010 10:05am Mar 17, 2010 10:05am
TAH
Can u pls try one more time to explain your "early" entry ?
Some enter when price breaks the prev. H
Some enter when price closes above the prev. H
In your case you did not wait for the price to cross the prev. H but ,
to cross the daily mR1. Is that correct ?
If it's correct , I can understand that but can not understand the structure .Don't we follow 123 patterns ?
Can u pls explain (again , sorry) what is RgH , RgL ? It's an other indi ?
Can u be so kind and share with us this nice indicator with LD & NY opening.
Thanks for sharing your knowledge.
David

Quoting traderathome
In the chart you had L-H-HL-Breakout-HH. The breakout was a nice one, with EP right at the mR1 level on my chart.
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  • #11,048
  • Mar 17, 2010 2:58pm Mar 17, 2010 2:58pm
Quoting david4u
TAH
Can u pls try one more time to explain your "early" entry ?
Some enter when price breaks the prev. H
Some enter when price closes above the prev. H
In your case you did not wait for the price to cross the prev. H but ,
to cross the daily mR1. Is that correct ?
If it's correct , I can understand that but can not understand the structure .Don't we follow 123 patterns ?
Can u pls explain (again , sorry) what is RgH , RgL ? It's an other indi ?
Can u be so kind and share with us this nice indicator with LD & NY opening.
Thanks for sharing your...
That light blue EP line marks a SonicR entry. It is not an early entry. It is placed on top of the previous high. Your dark blue line is on top of another high farther back in time.....a more conservative EP.

The RgH/RgL lines are current session range high and low. They move as lower lows are made and higher highs are made. The vertical market open time lines and the range lines are part of the next PivotsD upgrade, which is still being worked on.
  • #11,049
  • Mar 17, 2010 4:45pm Mar 17, 2010 4:45pm
Outlook This Session For GU:

M15 shows H-L-LH. A SonicR setup short, and execution thru EP, would give us H-L-LH-Breakout-LL, standard for SonicR. Another possibility for PA that might end up with a move down would be for PA to move up again, but still lower than the last significant high, turn, and start an M15 trend reversal. However, PA continues to be above the 89 ema, which is bullish. If PA moves to a higher high than the last one, we get instant conversion to L-H-HL-Breakout (which would have already happened at that point)-HH.

Let's see what this session has in store for GU.
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  • #11,050
  • Mar 17, 2010 5:50pm Mar 17, 2010 5:50pm
ep 123.91
sl 124.40
tp 122.53
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  • #11,051
  • Mar 17, 2010 5:55pm Mar 17, 2010 5:55pm
ep 3726
sl 3781
tp 3650

see you in the morning!
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  • #11,052
  • Mar 17, 2010 6:20pm Mar 17, 2010 6:20pm
Quoting DanPa
ep 123.91
sl 124.40
tp 122.53
Let's ride it together DP

I just tightened my SL after the bearish move and my tp is litter wider than yours. If I saw a bad price action, I'll close it earlier than my tp.

Regards,
Basber
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Trading methods are designed to put the odds in our favor, not predicting.
  • #11,053
  • Mar 17, 2010 6:23pm Mar 17, 2010 6:23pm
Thanks for the explanation T, so DP was correct.

Good job DP.

I notice that there is a 1 pip higher low before it broke out.
Not a trade I would have taken for sure.
Starting to see instead of just looking.
  • #11,054
  • Mar 17, 2010 6:27pm Mar 17, 2010 6:27pm
Quoting Rastaman
Thanks for the explanation T, so DP was correct.

Good job DP.

I notice that there is a 1 pip higher low before it broke out.
Not a trade I would have taken for sure.
In my opinion, as you said, it was not a "clear" sonicr trade, though you can consider it a sonicr. I've traded it both the entry you mentioned and another earlier entry 40 pips below. I took out +103 pips for first target, after price reversed for second time, I closed the other half for +73.

Regards,
Basber
Trading methods are designed to put the odds in our favor, not predicting.
  • #11,055
  • Mar 17, 2010 6:36pm Mar 17, 2010 6:36pm
Quoting Basber
In my opinion, as you said, it was not a "clear" sonicr trade, though you can consider it a sonicr. I've traded it both the entry you mentioned and another earlier entry 40 pips below. I took out +103 pips for first target, after price reversed for second time, I closed the other half for +73.

Regards,
Basber
Morning Basber

Glad somebody else thinks it wasn't a clear sonic. LoL

Yeah, I took the OB on H4 for 101 pips, just seemed to be a clearer entry.
Actually, I suppose we all took the same entry as this is what the wave is on M15.
Starting to see instead of just looking.
  • #11,056
  • Mar 17, 2010 9:42pm Mar 17, 2010 9:42pm
Gud morning all,

Though i am in Asia session the trade i have placed to short AUDUSD (demo only)
My entry price for short is little above the L (due to bearish candle pierce out of the tunnel 5mTF) and place few pips below for a gud EP.
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  • #11,057
  • Mar 17, 2010 9:51pm Mar 17, 2010 9:51pm
Hi,

I saw some good volume activity on 1H TF & 15TF for EJ .can anyone explain for possible cause ?
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  • #11,058
  • Mar 17, 2010 11:32pm Mar 17, 2010 11:32pm
Quoting ravin
Hi,

I saw some good volume activity on 1H TF & 15TF for EJ .can anyone explain for possible cause ?
Volume started to rise when price was at the high (I assumed selling at the high). That's why I shorted this pair AFTER I SAW A SONICR ENTRY. My TP hit for +58 pips.

Regards,
Basber
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Trading methods are designed to put the odds in our favor, not predicting.
  • #11,059
  • Mar 17, 2010 11:35pm Mar 17, 2010 11:35pm
GU:

Price dropped thru 89 ema.....Dragon heading down.....lots of consolidation going on right now (preparations for next move). Lets see what Frankfurt traders do with it. If this is headed south today, they might pump it first. Or, just continue the consolidation until LO. Or, start the train south! Who knows. Getting interesting....
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  • #11,060
  • Mar 17, 2010 11:41pm Mar 17, 2010 11:41pm
Quoting ravin
Gud morning all,

Though i am in Asia session the trade i have placed to short AUDUSD (demo only)
My entry price for short is little above the L (due to bearish candle pierce out of the tunnel 5mTF) and place few pips below for a gud EP.
Few things Ravin,

You entered a little bit early. You shouldn't look at M5 for entring a trade when you're basing your setup on M15. I know it gives you earlier entry and you can take more and risk less, but many times it will reverse after hitting the previous low, specially when you are in asia session, I strongly recommend you to enter the trade on conservative mode.

It's better to trade yen pair during asia session, safer and better moves are behind them. E/J and U/J are the best I believe, but the important factor is you should see a good volume spike before the move, so you can be on the right side of the market moves with high probablity.

Just my 2 cents

Regards,
Basber
Trading methods are designed to put the odds in our favor, not predicting.
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