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Sonic R. System

  • #11,761
  • Apr 9, 2010 4:14am Apr 9, 2010 4:14am
GU:

Closed temporarily with 201 pips, because there is likelyhood of pullback now. Maybe not, but if not then I can go back in anyway.
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  • #11,762
  • Apr 9, 2010 4:20am Apr 9, 2010 4:20am
my trades this day morning +86 pips

GBP/JPY,GBP/USD,EUR/JPY
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  • #11,763
  • Apr 9, 2010 4:22am Apr 9, 2010 4:22am
Quoting DanPa
EU (took +25 half)
ep 3387
sl 3334
tp 3450
tp2 3500

GU (took +25 half, +48 3/4)
ep 5300
sl 5263
tp 5350
tp2 5400
DanPa, I can see Sonic smiling due to your great success with the SonicR method. Two, TWO wonderful trades! Again, congratulations!

BTW, if you go to chart properties and in the "Colors" tab change "Foreground" to Black, then the Data Panel might be easier to read.
  • #11,764
  • Apr 9, 2010 4:25am Apr 9, 2010 4:25am
Quoting Doncex
my trades this day morning +86 pips

GBP/JPY,GBP/USD,EUR/JPY
Fantastic! 86 pips! Congratulations to you, also!
  • #11,765
  • Edited 5:12am Apr 9, 2010 4:49am | Edited 5:12am
And Rastaman gets the prestigious Lame Duck Award.


Good Job folks!


I cut this sucker loose.
it is obviously not happening.


This is where the problem is.
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Starting to see instead of just looking.
  • #11,766
  • Apr 9, 2010 5:33am Apr 9, 2010 5:33am
I am in too

EURUSD

EP 1: 1.3390
EP 2: 1.3397
TP 1: 1.3450
TP 2: 1.3500
SL: 1.3365
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  • #11,767
  • Apr 9, 2010 10:03am Apr 9, 2010 10:03am
Both trades stopped out due to too tight SL level.
Lets wait for another opportunity.

Quoting PositivePiP
I am in too

EURUSD

EP 1: 1.3390
EP 2: 1.3397
TP 1: 1.3450
TP 2: 1.3500
SL: 1.3365
  • #11,768
  • Apr 9, 2010 10:16am Apr 9, 2010 10:16am
PositivePIP was that your wave count?
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cut losses short, let profits run.
  • #11,769
  • Apr 9, 2010 10:38am Apr 9, 2010 10:38am
Quoting Domas4
PositivePIP was that your wave count?
Thanks Domas4 I see know. I didn't count the wave properly thats why I left SL too tight.
Need more practicing.
  • #11,770
  • Apr 9, 2010 10:48am Apr 9, 2010 10:48am
Well, the major problem is not SL placement. It's that you have used
too large waves for your entry. You should use smaller waves for the
entry. Take a look at one of my old trades where the LARGE waves tells
the direction of the PA, and smaller waves used for the entry. Notice
how small SL is.
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cut losses short, let profits run.
  • #11,771
  • Apr 9, 2010 11:29am Apr 9, 2010 11:29am
Quoting Domas4
Well, the major problem is not SL placement. It's that you have used
too large waves for your entry. You should use smaller waves for the
entry. Take a look at one of my old trades where the LARGE waves tells
the direction of the PA, and smaller waves used for the entry. Notice
how small SL is.

Hmm everything is clear now, this will be one of my main subjects during the weekend! Thank you!
  • #11,772
  • Apr 9, 2010 11:46am Apr 9, 2010 11:46am
EU:

H4 shows price back to bottom of previous range. Next step is to traverse that range......activity for next week.

M15:

Before going for some rest, I put in a buy order as price seemed to have stalled and might do a pullback. It did. Now trade is up about 96 pips. Not sure if it will regain highs as session winds down, so I'll likely just close it for the weekend.
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  • #11,773
  • Apr 9, 2010 11:52am Apr 9, 2010 11:52am
EJ:

H4 shows price consolidating about FR study 38% level. This is also the top area of previous range. Next week price may traverse range above.

M15 show I also had a buy order filled as price pulled back. Trade is up about 30+ pips and I'll likely close it too sometime during rest of session.
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  • #11,774
  • Edited 12:15pm Apr 9, 2010 12:00pm | Edited 12:15pm
Quoting traderathome
DanPa, I can see Sonic smiling due to your great success with the SonicR method. Two, TWO wonderful trades! Again, congratulations!

BTW, if you go to chart properties and in the "Colors" tab change "Foreground" to Black, then the Data Panel might be easier to read.

You TAH and you R, Domas4 and..and.. and everybodyelse who initiate this thread and shared this powerfull sistem deserve all the aplause!

EDIT did you received my email TAH?
  • #11,775
  • Edited 12:44pm Apr 9, 2010 12:33pm | Edited 12:44pm
UJ:

H4 shows speculators taking it down towards FR 38% level again. I expect it won't get there. They will load up as it is moving down, but they won't try to take it the full trip this time.

M15 shows price is at bottom of a previous range. This is where I believe the speculators intended to take it. Earlier I suggested waiting for a pull back to look for a long entry. This is it. Or, this would be it if it were not for it being a Friday with only hours to go in the session. That being considered, it would be risky to take on a trade here. I'd leave it off and wait to see what the new week brings. Who knows, maybe early next week the speculators will try one more drive lower (Double Bottom) for some cheap additions to their long positions.

Keep in mind the warning. Warning: Speculation!
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  • #11,776
  • Apr 9, 2010 1:01pm Apr 9, 2010 1:01pm
UJ:

Just playing around with NVO, I set period for an entire week of 15 minute TFs (480) and condensed chart to bring the days this week into the picture. In the last several days there is a distinct lack of trading activity at all the major highs, and a distinct presence of increased trading around all the major lows.

So, a "big picture" viewpoint supported by this trading would be that the speculators are loading up for a major move to the upside.....not a move spanning a day or two, but a much longer move for many hundreds of pips. Such a move would entail SonicR opportunities both long and short, but the trend will be up.

Warning: Speculation!
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  • #11,777
  • Apr 9, 2010 1:15pm Apr 9, 2010 1:15pm
EJ:

As with UJ above, I put NVO on period of 480 and condensed chart. Same picture. Highs compared to lows are practically devoid of trades, indicating longer term speculators are looking for low prices to go long.

Warning: Speculation!
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  • #11,778
  • Edited 2:57pm Apr 9, 2010 2:23pm | Edited 2:57pm
EU:

H4 shows price consolidation at crossroads between lower and upper ranges, with logical next target up being the whole number 1.3600.

M15 shows after yesterday's heavy trading at the week's lows, today both the F/L and US session speculators invested heavily again at lows, causing upwards price pressure.

The conclusion I draw from this is that the monied speculators have been preparing for a good rise in price. They knowingly have spread out their buying to not cause early high pressure on the price. Warning: Speculation!
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  • #11,779
  • Apr 9, 2010 2:44pm Apr 9, 2010 2:44pm
Check the e-mail TAH
cut losses short, let profits run.
  • #11,780
  • Apr 9, 2010 8:57pm Apr 9, 2010 8:57pm
sonic indicator is amazing.. sry i'm a newbie and my poor english.. please anyone can teach me a few question about:
1. how to understand the NVO???
2. then what is the time recommended to trade with sonic indicator?? coz i think all of time, the indicator can work well.. also the time frame.. is it 15minutes can work well than 5minutes..
3. where can i get the education about money management..

thanks alot..
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