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Sonic R. System

  • #12,261
  • Apr 28, 2010 9:08am Apr 28, 2010 9:08am
Quoting Domas4
How false breakouts relate to SonicR?

Because there was a great possibility that it would bounce at that area and go south making it in my mind at least, not a high probability trade.

I was thinking the South direction was more probably than North.

I am not trying to argue with you, I am simply giving my opinion.
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Starting to see instead of just looking.
  • #12,262
  • Apr 28, 2010 9:16am Apr 28, 2010 9:16am
EJ and EU:

Have had their northwards pullbacks in the new down trend. In order for everyone to again load up their shorts, I'd not expect any sizeable downward move until next session. With the upwards moves, they have created a range for loading up shorts......

GU:

Not sure about this one. It could still do more upside. If it does, probably not a whole lot though, and then it too will range until next session. I already entered (1st chart), but another setup may occur (2nd chart).

Just my guesses. Warning: Speculation!
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  • #12,263
  • Apr 28, 2010 9:28am Apr 28, 2010 9:28am
Quoting Rastaman
Because there was a great possibility that it would bounce at that area and go south making it in my mind at least, not a high probability trade.
I was thinking the South direction was more probably than North.
[...]
Counter-trend trades always have higher risk, that's why I had my TP at
the nearest resistance. I don't go with two TPs unless I am sure about the
bounce.

Being direction-biased is ok, but it makes you miss some good trades with a
good system.

I am sure that Fib level had influence on the bounce too, but it is only
significant on higher timeframes, because it was drawn from the higher
timeframes. What SonicR trader should care is - S&R from previous and
current sessions, because they are recent ( "hot" ) and we can see
Price Action around them.

If in doubt, we can always take a look at the creator of the system.
What did sonicdeejay do? He drew the same TP right at the resistance.
Again, over-complicating trading is worse than not knowing how to trade.

Quoting Rastaman
I am not trying to argue with you, I am simply giving my opinion.
It's ok, I understand you R
cut losses short, let profits run.
  • #12,264
  • Apr 28, 2010 9:39am Apr 28, 2010 9:39am
Glad you do Domas..Keep up the good work man.
Starting to see instead of just looking.
  • #12,265
  • Apr 28, 2010 10:01am Apr 28, 2010 10:01am
Quoting traderathome
Assuming you have both the file with the downloaded indys open, and also the MT4 experts indicators folder open, simply left click on any indy in the downloaded file, hold while moving cursor to MT4 folder and release. It is referred to as "Grab, drag and drop." A copy of the indy should now appear in the list of contents of the MT4 folder.
Thanks for your patience but where is the MT4 expert indicators folder?
Sorry I am really lost.
Lilian
  • #12,266
  • Apr 28, 2010 11:11am Apr 28, 2010 11:11am
Here is what guys in LT SonicR forum caught
http://www.traders.lt/forums.php?m=p...=108944#108944
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cut losses short, let profits run.
  • #12,267
  • Apr 28, 2010 11:18am Apr 28, 2010 11:18am
Quoting liliansaw
Thanks for your patience but where is the MT4 expert indicators folder?
Sorry I am really lost.
Lilian
You must find it in the C:/Program Files/(MetaTrader of your broker)/experts/indicators
cut losses short, let profits run.
  • #12,268
  • Apr 28, 2010 8:15pm Apr 28, 2010 8:15pm
Quoting Domas4
You must find it in the C:/Program Files/(MetaTrader of your broker)/experts/indicators

Lilian,
Check out these videos,,,
Inserted Video

Hope these helps..
Thx Domas and the rest for helping her out...

Sonic
  • #12,269
  • Apr 29, 2010 12:23am Apr 29, 2010 12:23am
EUROPE is not open, so I thiink it is correct trade.
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Persian Gulf forever
  • #12,270
  • Apr 29, 2010 12:42am Apr 29, 2010 12:42am
Quoting parsfx
EUROPE is not open, so I thiink it is correct trade.
With you psrsfx!
  • #12,271
  • Apr 29, 2010 1:20am Apr 29, 2010 1:20am
Hi ...
I'm new member here.
Currenly I'm still learning Sonicr.
So this is my chart, On 15 chart is we are in triangle and and on my MT4 there is already 3 bars inside that Big Red 4 Hours Bar.

so what do you think guys?
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...
  • #12,272
  • Apr 29, 2010 3:18am Apr 29, 2010 3:18am
EJ:

Looking for a short trade here. A break down thru Dragon to establish EP, then a pull up, and then a run (down), may coincide with break of TL and pull back up to retest it, then the run down. Just speculation at this point.
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  • #12,273
  • Apr 29, 2010 3:35am Apr 29, 2010 3:35am
Quoting traderathome
GU:

Wierd wave, but has trading activity behind it......
Wave at entry was......well, really there was no real wave. And the trade was horrible! Closed for a few pips, and lucky to get that!
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  • #12,274
  • Apr 29, 2010 5:00am Apr 29, 2010 5:00am
Quoting traderathome
Wave at entry was......well, really there was no real wave. And the trade was horrible! Closed for a few pips, and lucky to get that!
nice chart tradeathome... so clean and so simple

hope i can learn from you.
i dont know if you can read this post, because i'm a new member here.
...
  • #12,275
  • Apr 29, 2010 5:14am Apr 29, 2010 5:14am
Quoting DanPa
With you psrsfx!

LONG EU from 3226 ...took 50 pips on half position, SL +20 next tp 3350 (maybe we'll see today 3400!!!)

sorry, no chart, but i'm in hurry....i'm moving!!
  • #12,276
  • Apr 29, 2010 8:34am Apr 29, 2010 8:34am
A short trade in a making or a mere pull back to daily pivot..
Anyway..the down candle seems rather tremendous.

Sonic
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  • #12,277
  • Edited 10:06am Apr 29, 2010 8:36am | Edited 10:06am
EJ:

What we might have here is.....

Edit: Per second chart, for when this breaks and runs, I currently have a tentative target at the FE 424% level, just over 200 pips below the current highs.....which is what I bet the speculators have been doing while they keep the price up and short it. Further PA may result in even a lower tentative target. Such a run down will likely take into next session to complete....a good finish for the week. A SonicR short trade setup is what we need here. And it will take a while to happen.

WARNING: Speculation!!!
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  • #12,278
  • Apr 29, 2010 10:06am Apr 29, 2010 10:06am
what about this one T?
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  • #12,279
  • Apr 29, 2010 10:14am Apr 29, 2010 10:14am
Quoting DanPa
what about this one T?
Same story, DanPa. However, EJ was pumped higher in the FR study and so more to fall. Also, EJ may see more action in the upcoming asian session. Anyway, those are some reasons I focus on it.....as well as the Weekly chart.
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  • #12,280
  • Edited 11:47am Apr 29, 2010 10:51am | Edited 11:47am
EJ:

This is going to get boring. Upsy, downsy. Speculators are consolidating in a range currently of about 50 pips. How long will it take? As long as it takes to get enough others on the wrong side of their target position size. If things slow down too much before their positions are filled, they may expand the range to draw in more takers.

Warning: Speculation!

Edit: Tentative short trade setup in attached second chart, Ongoing PA could change things. So far, nothing but another low impact news event. But any significant change in PA could get timed to it. Need to let this play out however the market decides.
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