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Sonic R. System

  • #11,081
  • Edited 2:43pm Mar 18, 2010 2:26pm | Edited 2:43pm
EP 0566
TP 0605
39 pips

(But Demo)

No better feeling than finding out the system you are trading with works 100% so far. No losses experienced up to now. (60% hit TP Balance 40% closed @ profit though 1/2 would have hit TP eventually )

I need to work on my patience not to close early. i am trading with micro lots may be thats the reason as there is no way of closing part of profit, should be my RR ratio 1:1 or bit more the (Reward part). to cover losses if trades go wrong way once in awhile.

Missed shorting USDCHF as it happened so soon.

GBPUSD closed at 5225 (EP 5280) 55pips
Attached Image (click to enlarge)
Click to Enlarge Name: My USDCHF trade.JPG Size: 121 KB
  • #11,082
  • Mar 18, 2010 2:38pm Mar 18, 2010 2:38pm
Hi all,
please forgive my boldness in my first post. I was trying to attach a file and i am not good at these things, i forgot to say hi but I am going to learn fast.
By sharing your systems and ideas you create good possibilities even for a new trader like me. Thanks a lot. Here is the result of sonic trading for me.
I would like to post some other entry points so maybe you can tell me where i am wrong or wright. Of course i will not pollute the thread with million chart.
Thanks again.
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  • #11,083
  • Mar 18, 2010 2:48pm Mar 18, 2010 2:48pm
4H RSI have enough space for a short. I think you have right.
Quoting traderathome
GU Prospects:

Warning, this is speculation!

The H1 chart shows numerous times PA bounced up off significant S&R area (red line at the half number) during heavy consolidation (see NVO activity). Finally PA dropped significantly thru on very high NVO activity. That green NVO bar on the drop is for activity at least 50% higher than the average of the two highest preceding magenta bars (in the rectangle) during consolidation! PA has since moved back up. This time as a re-test of failing support?

If so, then the price may come well down, maybe...
  • #11,084
  • Mar 18, 2010 7:05pm Mar 18, 2010 7:05pm
UJ Long Trade:

Being the asian session, will close the trade at TP1. After that, up until FO/LO, I may re-enter at some pullback low.....all assuming of course, that this trade moves up in the first place!
Attached Image (click to enlarge)
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  • #11,085
  • Mar 18, 2010 7:14pm Mar 18, 2010 7:14pm
I am leaning towards ranging a bit today without it really going anywhere.

Maybe next week we will have some bullish action.

Too late in the week for the big boys to pop it through this resistance, maybe.
Attached Image(s) (click to enlarge)
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Starting to see instead of just looking.
  • #11,086
  • Mar 18, 2010 7:20pm Mar 18, 2010 7:20pm
Quoting traderathome
UJ Long Trade:

Being the asian session, will close the trade at TP1. After that, up until FO/LO, I may re-enter at some pullback low.....all assuming of course, that this trade moves up in the first place!

Yeah, T

I am watching UJ also, maybe we will get some decent action at the top or bottom of the range.
EDIT: This range
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Starting to see instead of just looking.
  • #11,087
  • Mar 18, 2010 7:48pm Mar 18, 2010 7:48pm
Quoting Rastaman
I am leaning towards ranging a bit today without it really going anywhere.

Maybe next week we will have some bullish action.

Too late in the week for the big boys to pop it through this resistance, maybe.
GU:

Been a lot of "consolidation" going on (love that term for...."We Big Dogs are gonna keep it here for a'while, 'til we screw enough 'o the rest uf ya to git the the right side 'o all da positions we want!"). And if the consolidation ends early enough this last session of the week....

Well, it won't be the first time a week closed out with a big move, locking out a lot of traders on the wrong side! ....And another bolt on the door by starting next week with a gap down......?

Sometimes this can be fun! Just Speculation, though.
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  • #11,088
  • Mar 18, 2010 7:58pm Mar 18, 2010 7:58pm
EJ
UJ
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Starting to see instead of just looking.
  • #11,089
  • Mar 18, 2010 8:45pm Mar 18, 2010 8:45pm
Quoting Rastaman
EJ
UJ
Joined you in EJ trade.
Attached Image (click to enlarge)
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  • #11,090
  • Mar 18, 2010 8:59pm Mar 18, 2010 8:59pm
Quoting traderathome
Joined you in EJ trade.
Nice looking hourly PB, got my stop below it.


EDIT:

Basber pointed it out the other day, very politely but, I think I have had my ass back to front trading two systems and entering based on H4 PA when, I should be entering on M15 and just confirming what the wave is on higher TF.

The other way around makes me get in too late and screws up my MM.

That is why I am trying to rectify this in the Asian session.
Starting to see instead of just looking.
  • #11,091
  • Mar 18, 2010 10:16pm Mar 18, 2010 10:16pm
Quoting traderathome
Joined you in EJ trade.
i join you @

EP 123.35

(Entry Pending)
  • #11,092
  • Mar 18, 2010 10:21pm Mar 18, 2010 10:21pm
Quoting ravin
i join you @

EP 123.35

(Entry Pending)
That may be a good area once (IF) the trend line breaks and it turns to support.
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Starting to see instead of just looking.
  • #11,093
  • Mar 18, 2010 10:24pm Mar 18, 2010 10:24pm
Good Morning sonikers,

Heres the chart for my 1st trade and hopefully last trade for the Friday.

My text header shoud read as EJ instead RJ.....sorry guys
Attached Image (click to enlarge)
Click to Enlarge Name: EJ 19th Mar 10.JPG Size: 117 KB
  • #11,094
  • Mar 18, 2010 10:36pm Mar 18, 2010 10:36pm
Quoting traderathome
Joined you in EJ trade.
Hi TAH
You got a decent template, care to share


thanks in advance
  • #11,095
  • Edited 11:26pm Mar 18, 2010 10:52pm | Edited 11:26pm
i drew on the 1hr TF of EURJPY few things i noted i also its the same on h4 tf as well...hope Rasta & TAH could help us understand ....Thanks


Is EJ bearish can come down against JPY.
Attached Image (click to enlarge)
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  • #11,096
  • Mar 18, 2010 11:32pm Mar 18, 2010 11:32pm
Quoting ravin
i drew on the 1hr TF of EURJPY few things i noted i also its the same on h4 tf as well...hope Rasta & TAH could help us understand ....Thanks


Is EJ bearish can come down against JPY.
Not really sure what your question is?
Starting to see instead of just looking.
  • #11,097
  • Mar 18, 2010 11:48pm Mar 18, 2010 11:48pm
Quoting Rastaman
Not really sure what your question is?
What i am trying to say is that every time "M" shape is formed we see a huge downward trend.. i am thinking EUR will get weaker very soon as we see another "M" is formed and prices could re-visit those areas i have drawn with parallel lines.
  • #11,098
  • Mar 18, 2010 11:51pm Mar 18, 2010 11:51pm
Please posts your charts...didn't see your posts lately...
  • #11,099
  • Mar 19, 2010 12:09am Mar 19, 2010 12:09am
Quoting ravin
What i am trying to say is that every time "M" shape is formed we see a huge downward trend.. i am thinking EUR will get weaker very soon as we see another "M" is formed and prices could re-visit those areas i have drawn with parallel lines.

I think you are ignoring some other lows and highs on H1 when you are drawing that M.

I don't see an M on my H1 EJ chart.



Have you read about Head & Shoulders patterns?
http://www.babypips.com/school/head_and_shoulders.html
If you did already, it is easy to start to see these things even where they don't exist. I did that a long time ago.
If you have not read about this, I recommend you read it.

The more you notice like that, the greater you learn, but try not to go overboard on any one thing, just store it in your mind in a drawer somewhere for future reference.
Attached Image (click to enlarge)
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Starting to see instead of just looking.
  • #11,100
  • Mar 19, 2010 1:28am Mar 19, 2010 1:28am
Hi,

Actually, I'm quick new in forex, recently i have installed the sonic R system, unfortunately the chart didn't show any white or red line (sell/buy indicator), any tips to solve the problem?
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