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Sonic R. System

  • #11,241
  • Mar 23, 2010 6:15am Mar 23, 2010 6:15am
Quoting DanPa
oh, sorry...i wasn't paying attention!
-50pips (loss) today EU trade set up since yesterday...
  • #11,242
  • Mar 23, 2010 6:47am Mar 23, 2010 6:47am
Quoting DanPa
Is that a good thing or a bad thing ?
Just risky )

hey guys please look below.Isn't it perfect gold setup? I did not take this trade, however it looked very good. It was about 500pips !

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Sooner or later, those who win are those who think they can.
  • #11,243
  • Edited 7:43am Mar 23, 2010 6:55am | Edited 7:43am
Hello, good morning Sonikers. I have shorted EU on re-entry wave and LL

Wave Analysis--- H - L -LH -LL pattern
EMA --- trending down
Price Action --- Making a new dayly low
Edit : I already brought SL to BE
Edit : I am out, I wait US open & news

Any comments welcome
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  • #11,244
  • Mar 23, 2010 6:55am Mar 23, 2010 6:55am
This is my today order
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A small profit is better than a big minus...
  • #11,245
  • Mar 23, 2010 7:53am Mar 23, 2010 7:53am
EJ is rebounding ?
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  • #11,246
  • Mar 23, 2010 8:03am Mar 23, 2010 8:03am
Quoting ravin
since yesterday danpa...

If you look at the H4 chart you can see a strong PPZ area where resistance has changed to support several times. This is where the problem was.
The Black line is where you bought. I would have wanted to see price pass that area and possibly retrace to it before going long.
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Starting to see instead of just looking.
  • #11,247
  • Edited 10:00am Mar 23, 2010 9:16am | Edited 10:00am
My trades now long EU & EJ

Edit 1 close EJ long at BE

Edit 2 EU TP 1 hit, close at BE remaining position
Attached Image(s) (click to enlarge)
Click to Enlarge Name: ej long open.gif Size: 61 KB
Click to Enlarge Name: eu long open.gif Size: 63 KB
Attached File(s)
File Type: mq4 PivotsD_v5.mq4   31 KB | 522 downloads
  • #11,248
  • Mar 23, 2010 9:35am Mar 23, 2010 9:35am
Quoting Rastaman
I think Basber is talking about a different entry system here and not sonicr.

We can't be talking about sonicr as there is as of yet no HH & HL & I suspect the SL is well over 100 pips.
Yes RM,

I'm trading this one on non sonicR method. I'll BE asap.

Regards,
Basber
Trading methods are designed to put the odds in our favor, not predicting.
  • #11,249
  • Mar 23, 2010 9:41am Mar 23, 2010 9:41am
@pipoca,

could you please attach this indicator which I pointed on your chart?
Attached Image
Sooner or later, those who win are those who think they can.
  • #11,250
  • Edited 12:19pm Mar 23, 2010 11:50am | Edited 12:19pm
EU:

Quite possibly getting consolidated for a move up. Be on lookout for PA push thru EP (blue rectangle). My EP is early and not SonicR, shown by light blue line. The "HL" candle is not yet complete as this is M30 chart with about 10 minutes more to go. PA could move lower. As it is, note recent significant low is higher than the previous significant low (small black lines).
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  • #11,251
  • Mar 23, 2010 12:15pm Mar 23, 2010 12:15pm
Quoting traderathome
EU:

Quite possibly getting consolidated for a move up. Be on lookout for PA push thru EP (blue rectangle). My EP is early and not SonicR, shown by light blue line. The "HL" candle is not yet complete as this is M30 chart with about 10 minutes more to go. PA could move lower. As it is, note recent significant low is higher than the previous significant low (small black lines).
TAH dont understand the entry, seems my similar entry that got hit with stoploss. i would wait until 3585 to go long imo.also i would wait till uk opens tmrw. a lesson learnt the hardway after both my trades that got hit with stoploss were entered after significant move the market had made.

take care..
  • #11,252
  • Edited 1:48pm Mar 23, 2010 12:27pm | Edited 1:48pm
Quoting ravin
TAH dont understand the entry, seems my similar entry that got hit with stoploss. i would wait until 3585 to go long imo.also i would wait till uk opens tmrw. a lesson learnt the hardway after both my trades that got hit with stoploss were entered after significant move the market had made.

take care..
You are quite right, ravin. I made early entry only because we have seen most of the pairs range for two sessions now, and a break will come, maybe unexpectedly.

If this pair does not break this session, my outlook for it is that the asian session traders will join in the consolidation, maybe keeping PA in 1.3520 - 1.3560 area. In which case, FO/LO may bring the breakout next session. WARNING: Speculation!

Edit: The WAVE formation is nice. Price is consolidating at the lows, around the whole number, suggesting the possibility of a SonicR long setup in near future (this or next session). Future PA may create a lower EP, too.
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  • #11,253
  • Edited 2:35pm Mar 23, 2010 2:19pm | Edited 2:35pm
EU - Bullish:

The more the PA progresses, the more bullish I am getting on this pair. For two sessions PA has been consolidating. The WAVE pattern suggests that consolildation has been stepped up (more swings per time). So, this is likely getting nearer to a breakout (this or next session).

The Dragon should put in a bottom on it's current bend down as PA is rising up thru it. An exit from the Dragon, with PA stopping just above, would put in a low "target EP". Then, if PA recedes back to Dragon and later comes back out, and thru this "target EP", we may have entry for a good long trade. This is all surmising, so be careful. Anything can happen, including more downside if we go into the new Asian session before any concrete action.

The Target Area is derived by doubling the consolidation range, or the distance between significant lows and highs within that range area, and depends on which lows and highs you select to measure.
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  • #11,254
  • Mar 23, 2010 2:50pm Mar 23, 2010 2:50pm
EJ:

This pair also is undergoing some tight ranged consolidation right now. A breakout might or might not be forthcoming. If not, the asian session could involve more of the same until FO/LO.
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  • #11,255
  • Mar 23, 2010 2:53pm Mar 23, 2010 2:53pm
Quoting traderathome
EU - Bullish:

The more the PA progresses, the more bullish I am getting on this pair. For two sessions PA has been consolidating. The WAVE pattern suggests that consolildation has been stepped up (more swings per time). So, this is likely getting nearer to a breakout (this or next session).

The Dragon should put in a bottom on it's current bend down as PA is rising up thru it. An exit from the Dragon, with PA stopping just above, would put in a low "target EP". Then, if PA recedes back to Dragon and later comes back out, and thru this "target...

Great to have you among us TRADERATHOME! Great analysis !
  • #11,256
  • Mar 23, 2010 3:02pm Mar 23, 2010 3:02pm
Quoting DanPa
Great to have you among us TRADERATHOME! Great analysis !
Thanks, DanPa. Now, let's pray they don't initiate some wild PA to mess up my pretty charts!
  • #11,257
  • Mar 23, 2010 10:24pm Mar 23, 2010 10:24pm
Per EU: notice on D1 chart that we are at 10 month old support. So, per TAH, price could bounce off this significant support. Or, if breaks through, significant downside movement after a clear breach.
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  • #11,258
  • Mar 23, 2010 11:04pm Mar 23, 2010 11:04pm
EU and EJ Previous Charts/Analysis:

Well, the asian session drive down on pairs pretty much invalidated my nice, pretty charts. I'm rapidly coming to the conclusion that short term analysis is worthless, since at any time radical PA can totally change the picture. Not that an upwards run is off.....not by any means, since trading was highest at the lows so far this session (bullish). It is just that the timing is still in the air and pointless to try to predict, since there is just no way to determine how long professional traders in each of the trading sub-sessions are going to take to load up.

I guess that points out another plus to the SonicR method. Don't waste time with such endeavors. Just follow the PA along the Dragon and trade good looking breakouts whenever they happen......during the highest activity, prime market hours.
  • #11,259
  • Edited Mar 24, 2010 12:34am Mar 23, 2010 11:34pm | Edited Mar 24, 2010 12:34am
I think we may see UJ pop today.

All this ranging has made me go to higher TF.

I am also leaving this loose as the area we are currently in would be an awful good place for some bearish PA to occur around the FO LO
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Starting to see instead of just looking.
  • #11,260
  • Edited 4:15am Mar 24, 2010 3:10am | Edited 4:15am
Just watching this bearish div on UJ.


Edit" So much for bearish div on M15!
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Starting to see instead of just looking.
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