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Sonic R. System

  • #11,101
  • Mar 19, 2010 1:55am Mar 19, 2010 1:55am
Quoting nazrimuhsin
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?
There are no sell or buy indicators in this system.


If you mean the red and white lines in Sonics chart, he just drew those in manually to show where he entered at the WHITE line and his STOP LOSS at the red line, his TP at blue line.

Good idea though, we should ask sonic to install those buy sell lines in his system then we will not have to think about it anymore. LoL
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Starting to see instead of just looking.
  • #11,102
  • Edited 2:22am Mar 19, 2010 1:56am | Edited 2:22am
Looks like we had a little hairy moment on EJ.
The confluence of the 61.8 a& 38.2 fibo seems to have staved off the bears, for now.

EDIT: Looks like the FO gang are holding it up.
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Starting to see instead of just looking.
  • #11,103
  • Mar 19, 2010 2:18am Mar 19, 2010 2:18am
Welcome

What do you think about the date order?
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A small profit is better than a big minus...
  • #11,104
  • Mar 19, 2010 4:06am Mar 19, 2010 4:06am
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...
GU:

The drop has begun......
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  • #11,105
  • Mar 19, 2010 4:30am Mar 19, 2010 4:30am
Quoting traderathome
GU:

The drop has begun......

What did you do with the EJ trade T?
Stopped out? I moved the SL in the midst of the free fall!
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Starting to see instead of just looking.
  • #11,106
  • Edited 5:09am Mar 19, 2010 4:42am | Edited 5:09am
Quoting Rastaman
What did you do with the EJ trade T?
Stopped out? I moved the SL in the midst of the free fall!
Same here, Rasataman. I view the move down as a pullback. UJ has given up its gains too, which I view as a pullback. My speculation is that the Big Dogs that are capable of moving price, have moved these two temporarily in the opposite direction from where they intend to drive them later. And perhaps this is being done in concert with some US open outfits, too. This way outfits on-line can slowly load up longs until US open. If US open traders dump it more, then fine. But if they don't, then the currently on-line outfits have had these extra hours to "consolidate" for the eventual big move. Warning: speculation!

Edit: Maybe the Big Dog drive has created a double bottom (second chart)? Let's see what happens .......
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  • #11,107
  • Mar 19, 2010 4:53am Mar 19, 2010 4:53am
Yeah, I was thinking this is being moved for a reason so I moved the SL.

I guess we have to wait till NYO.

Oh yeah, can you make that auto buy sell indicator for Sonicr...LoL

Maybe, I need it.........!
Starting to see instead of just looking.
  • #11,108
  • Edited 5:31am Mar 19, 2010 5:16am | Edited 5:31am
Quoting Rastaman
Yeah, I was thinking this is being moved for a reason so I moved the SL.

I guess we have to wait till NYO.

Oh yeah, can you make that auto buy sell indicator for Sonicr...LoL

Maybe, I need it.........!
Ha, ha! No, this is PRECISELY why Sonic recommends AGAINST asian session entry......he does not trade the asian session! From the chart, it is easy to see that since FO/LO there has been no PA above the previous high out of the Dragon, hence no long trade entry yet. There has been, however, a short run down past the last significant low out of the Dragon, for about 30 pips.

If we stick to the rules, we can only make better gains. SonicR is not just about the pattern on the chart, it is also about WHEN that pattern occurs relateive to market hours.
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  • #11,109
  • Edited 5:40am Mar 19, 2010 5:21am | Edited 5:40am
EJ:

Guess we need to update chart.......
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  • #11,110
  • Mar 19, 2010 5:38am Mar 19, 2010 5:38am
Yeah, I don't like the pullback on H4!
Now, if I was shorting this, I would really like the pullback.

Looks like it has going down to the shoulder of that old R H&S.
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Starting to see instead of just looking.
  • #11,111
  • Mar 19, 2010 5:44am Mar 19, 2010 5:44am
Hi guys...
hope you are doing well...i was unable to connect to FF because my mozilla,explorer and chrome...just CRASHED!!! WIERD!!!

anyway i took some trades today (very good one i would like to say)

EU +37
GU +77
EY +36
GY +71
...........
TOtal +221 pipsi!
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  • #11,112
  • Mar 19, 2010 5:44am Mar 19, 2010 5:44am
Quoting Rastaman
Yeah, I don't like the pullback on H4!
Now, if I was shorting this, I would really like the pullback.

Looks like it has going down to the shoulder of that old R H&S.
Monthly main pivot is only 11 pips lower. This drive down may be to "coax" traders into thinking PA may fail, fall thru, and initiate a serious drop......and most important of all, "coax" them into closing any long trades they have!!!!!! This would increase liquidity and better enable the Big Dogs to add longs!!!!!!!!

What BETTER area to poiint the drive down at?
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  • #11,113
  • Edited 6:07am Mar 19, 2010 5:52am | Edited 6:07am
Quoting DanPa
Hi guys...
hope you are doing well...i was unable to connect to FF because my mozilla,explorer and chrome...just CRASHED!!! WIERD!!!

anyway i took some trades today (very good one i would like to say)

EU +37
GU +77
EY +36
GY +71
...........
TOtal +221 pipsi!
Nice going, DanPA! (Who's gonna tell DanPa not to trade the asian session? He already knows!)

These four trades were executed starting during the correct market hours, and ran for only a short while before profit was taken. It looks like DanPa entered after LO, made profit on the first LO traders drive for the session, and took profit when PA went into consolidation. THAT is good SonicR trading, imho! Congratulations DanPa!
  • #11,114
  • Mar 19, 2010 6:11am Mar 19, 2010 6:11am
Quoting traderathome
Nice going, DanPA! (Who's gonna tell DanPa not to trade the asian session? He already knows!)

These four trades were executed starting during the correct market hours, and ran for only a short while before profit was taken. It looks like DanPa entered after LO, made profit on the first LO traders drive for the session, and took profit when PA went into consolidation. THAT is good SonicR trading, imho! Congratulations DanPa!

THANK YOU TRADERATHOME!!! THANK YOU SO MUCH!!!! FOR EVERYTHING!!!
THANK YOU ALL!!!
  • #11,115
  • Mar 19, 2010 6:27am Mar 19, 2010 6:27am
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.
I believe you detect a very good potential for holding short positions. Any short sonicR setup could be hold to 120.xx , a very good place for taking huge profit. good job ravin.


Quoting Rastaman
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..
I drew it for you on your chart. It's a very good pattern. It's more clear on H4 chart.


Regards,
Basber
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Trading methods are designed to put the odds in our favor, not predicting.
  • #11,116
  • Mar 19, 2010 6:28am Mar 19, 2010 6:28am
Quoting Rastaman
Good one DP, Actually GOOD 4!

Now during the Asian session, TAH & I are going to Sonic's correctional meditation class.
...Rastaman....!!! i laugh with tears!!! thx man!

EDIT: if EY drop below122.63..i will jump in for short till 121.09
  • #11,117
  • Mar 19, 2010 6:29am Mar 19, 2010 6:29am
Quoting Rastaman
Good one DP, Actually GOOD 4!

Now during the Asian session, TAH & I are going to Sonic's correctional meditation class.
Rastaman, I LOVE it! Great, great post!!!!!
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  • #11,118
  • Mar 19, 2010 6:34am Mar 19, 2010 6:34am
Good one DP, Actually GOOD 4!

Now during the Asian session, TAH & I are going to Sonic's correctional meditation class.


Glad you liked it DP! You deserve a laugh.

I like this version better.
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Starting to see instead of just looking.
  • #11,119
  • Mar 19, 2010 6:43am Mar 19, 2010 6:43am
EP 122.61
SL 123.02
TP 121.78


Green pips to all!
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  • #11,120
  • Edited 7:02am Mar 19, 2010 6:48am | Edited 7:02am
EJ, Will They Pull The Rug?:

I certainaly don't know. But my gut feeling on this is that the current drive down by those with the money to make the drive, is to take on long postions. The drive might go below half number, as there is an FE 24% level at 122.41. This also is the 50% pullback level on an FR study applied from the bottom at 119.84 to the top at 125.19. Looking back on the chart, the area around the half number (122.50) is also a previous consolidation area, and therefore a possible turnaround area too. Price is in that area currently.

Edit: And look at the lower shadows on the past several H1 candles (second chart). That is a bullish sign.
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