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Sonic R. System

  • #12,221
  • Apr 27, 2010 11:34am Apr 27, 2010 11:34am
Yeah, a well deserved avatar

I'm guessing it's the SonicR Trade of The Month!

I'm thinking of an idea to have Trade of The Month Awards in the forum at the end of every month.
cut losses short, let profits run.
  • #12,222
  • Apr 27, 2010 11:41am Apr 27, 2010 11:41am
Quoting Domas4
TAH superb 230 pip trade!

Congrats!
Well done TAH, very well done!

  • #12,223
  • Apr 27, 2010 12:18pm Apr 27, 2010 12:18pm
Quoting Domas4
Yeah, a well deserved avatar

I'm guessing it's the SonicR Trade of The Month!

I'm thinking of an idea to have Trade of The Month Awards in the forum at the end of every month.
Very good Ideea! i subscribe!
  • #12,224
  • Apr 27, 2010 1:16pm Apr 27, 2010 1:16pm
Quoting Domas4
Yeah, a well deserved avatar

I'm guessing it's the SonicR Trade of The Month!

I'm thinking of an idea to have Trade of The Month Awards in the forum at the end of every month.
.....judged on wave pattern at entry, when during day session trade was entered, placement of targets based upon S&R (previous significant H/Ls)....not just amount of gain, because that is up to the market to decide. Am I missing anything? Cool idea, Domas4!
  • #12,225
  • Apr 27, 2010 3:08pm Apr 27, 2010 3:08pm
nice trade TAH


Quoting traderathome
EJ and GU trades closed for today:

Such a run down on these is just begging for a pullback. Never can know, but my decision is it is time today to protect profits.
FxHome
  • #12,226
  • Apr 27, 2010 3:10pm Apr 27, 2010 3:10pm
when i start sonic i was on 2k account now i m at 5k . its all about pession study and consistency .....

Muhammad
FxHome
  • #12,227
  • Apr 27, 2010 3:33pm Apr 27, 2010 3:33pm
Quoting Muhammad989
when i start sonic i was on 2k account now i m at 5k . its all about pession study and consistency .....

Muhammad
Muhammad989, thank you. And thank you for this post, too. You are SO RIGHT.....

PATIENCE- to wait until the right time in each session to consider a trade, and to wait until the right looking wave before taking a trade.

STUDY- revisit again and again the basics of SonicR, and reflect on each successful trade posted on this thread.....what was EXACTLY per SonicR, and what was NOT, no matter how it turned out.

CONSISTENCY- apply the basics and patience unvaryingly. It is not the quantity of trades that matter, but the quality. Work on taking only pure SonicR trades.

Personally, I still "fall down" a lot regardng PATIENCE and CONSISTENCY. However, I am improving.
  • #12,228
  • Apr 27, 2010 11:00pm Apr 27, 2010 11:00pm
wondering the door still open for the new member....
waiting for the right session.....hope can learn from all of you guys......
  • #12,229
  • Apr 28, 2010 12:21am Apr 28, 2010 12:21am
I learn a lot of you do .. but not English .. I'm with the translator! a pleasure to read and see their operations! Greetings from buenos aires
  • #12,230
  • Edited 3:11am Apr 28, 2010 12:39am | Edited 3:11am
U/C short will see if it triggers and let the market decide..

CANCELED: new high..
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Patience is the key.
  • #12,231
  • Edited 1:36am Apr 28, 2010 1:12am | Edited 1:36am
EJ:

I like the wave possibility. There are two EPs, both with problems. Last highest candle out of Dragon is too far out. Last high candle just made it to top edge of Dragon, but not beyond. However, this is the one I am going with for EP, only because the wave may turn out to be a good one.

Edit: My SL is mental going into London open because price can whipsaw at this time. If the SL is close in (as it is) the trade could be stopped out just before the run starts.
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  • #12,232
  • Apr 28, 2010 1:38am Apr 28, 2010 1:38am
E/U: Not too greedy
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cut losses short, let profits run.
  • #12,233
  • Apr 28, 2010 1:44am Apr 28, 2010 1:44am
Quoting traderathome
EJ:

I like the wave possibility.
TAH,

I don't wish to confuse strategies here but the daily has two trendline breakouts.
I'm looking for pull backs to the trendlines and Short Sonic entries only!

Pablo
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  • #12,234
  • Apr 28, 2010 1:48am Apr 28, 2010 1:48am
Quoting Domas4
E/U: Not too greedy
Domas4, I see what you are doing, putting most relevant S&R lines on chart. Just one recommendation, though. Viewers cannot see the basis for your lowest line. Whenever that happens, consider adding a chart that takes in enough PA to show why each S&R line is there.
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  • #12,235
  • Apr 28, 2010 1:57am Apr 28, 2010 1:57am
Thanks TAH, I'll keep that in mind.

_______________

Since the downwards momentum is strong, both E/U and E/J can turn out
to be short setups :]
cut losses short, let profits run.
  • #12,236
  • Apr 28, 2010 2:06am Apr 28, 2010 2:06am
Quoting Domas4
Thanks TAH, I'll keep that in mind.

_______________

Since the downwards momentum is strong, both E/U and E/J can turn out
to be short setups :]
"Since the downwards momentum is strong, both E/U and E/J can turn out to be short setups :]" - Domas4

No Kidding, for sure! We do have to see which way they go. I am already in long, and if it turns ugly, will have to bail out. However, there is the prospect for a "pullback" upwards after the runs down last session. And if there is to be pullbacks, it is natural that the F and L Speculators would like to re-hammer the price down to go long at nice low prices....
  • #12,237
  • Apr 28, 2010 3:41am Apr 28, 2010 3:41am
Hey domas,

Regarding your R and S lines. How many seesion back do you look for support and resistance areas? I usually take a look at the previous 2 day's worth of charts to determine support and resistance lines. And then also take into account the current day's pivot point..

Would just like your thoughts on this..

Happy trading,

anderou
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Thank you j16!
  • #12,238
  • Apr 28, 2010 3:47am Apr 28, 2010 3:47am
E/U: It did turn out to be short. Let's see how far it will take me.
Since I'm in the trade, I'm expecting to have new Lows.

_____________________________________________________________

Anderou, I draw like most eye-poking S&R lines from 2-3 sessions back.
I also take note of historic S&R, where trend reversals happened, or Price
was significantly rejected.
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cut losses short, let profits run.
  • #12,239
  • Apr 28, 2010 5:27am Apr 28, 2010 5:27am
E/U: Closed manually, since E/U suddenly showed strength, and PA went up forming HH.
-8 pips

E/J: Long setup, which reached TP in a minute.
+44 pips
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cut losses short, let profits run.
  • #12,240
  • Apr 28, 2010 6:11am Apr 28, 2010 6:11am
E/U: Long setup. Orders are in place.

This song helps to pump the price up:
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cut losses short, let profits run.
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