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Sonic R. System

  • #12,381
  • May 5, 2010 11:13pm May 5, 2010 11:13pm
GU:

This is still a candidate for a long trade. PA has created an EP area. Other pairs had good runs last session. This pair has remained somewhat "flat" after a modest drop a few sessions back. Since it has ranged longer than the others, it may be the one to move best this session. I am in this already from yesterday, at a price slightly lower than the EP shown. TP1 is lowered to place it within the average range, and TP2 is beyond the average range, but not far. If it runs well, I'll ignore TP1. SL is mental at this time, because when F,L traders come on board they could execute a pull back (down) to/beyond that level simply to sandbag for a good run up later. WARNING: Speculation!
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  • #12,382
  • May 5, 2010 11:25pm May 5, 2010 11:25pm
Quoting ddaytrader
We're all speculators, TAH.
I think we are classified more likely retail traders.... just like TAH said, we got not a big source to really move the market, well we just follow and we still can make money...
  • #12,383
  • May 5, 2010 11:42pm May 5, 2010 11:42pm
Quoting amlavor
I think we are classified more likely retail traders.... just like TAH said, we got not a big source to really move the market, well we just follow and we still can make money...
You are correct, amlavor. We are classified as retail traders. But we are speculators in a sense. Everytime we put on a trade, we are putting up money to back our speculation as to which direction the price is going to move.

But this is not the same thing as being one of the Speculators (capitalized). These are trading concerns with the financial resources to finance a price move to a higher/lower goal. In that move, they are not at all speculating. It is pretty much a done deal even before they start, because they will make it happen. They are speculators in the sense that their price manipulations are done speculating on much bigger moves later, and that by current manipulation of price they will have the advantage in building a position for that bigger, later move. WARNING: Speculation.
  • #12,384
  • May 6, 2010 1:39am May 6, 2010 1:39am
support and resistance!! we can do this!!!!!!!!!
Thank you j16!
  • #12,385
  • May 6, 2010 2:03am May 6, 2010 2:03am
EUR/USD keep going like this, soon we're going to have a 1 per 1
  • #12,386
  • May 6, 2010 6:04am May 6, 2010 6:04am
UJ long idea , chart drawed a V bottom and we can see a H & S in the way to completed. More on the 4h there is a hammer been formed.
Any comments welcome
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  • #12,387
  • May 6, 2010 11:09pm May 6, 2010 11:09pm
Have a cautious long .. after reaping nice $$ from EU short...earlier 1.3092 to 1.255x


Sonic
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  • #12,388
  • May 6, 2010 11:32pm May 6, 2010 11:32pm
Quoting traderathome
Your entry was just before the start of approved trading time...sometimes that works, but sometimes it doesn't. You create a problem for yourself by doing this. Once there is a heavy influx of traders at the Frankfurt open, London open and US open there may be moves "counter" to the setup you are anticipating will run. These moves may be nothing more than those Speculators "sandbagging" for the same move you are anticipating, but their price manipulation will, at the time, look like a run is starting in the "opposite" direction! They "work"...


Hi traderathome,
thanks very much for your explaination,now i learn that always stick to sonic trading timings, 1:00 SGT to 18:00 / 19:00 to 23:00.Not to trade anyother than this timings.
One more question,in such cases of long moves,how can we take the max profit.Most of the time i either come out too early or use trailstop,But still i havent learned to book entire move.Pls advise.thanks.
Dragon the best Indicator
  • #12,389
  • May 7, 2010 1:01am May 7, 2010 1:01am
I think today might be a good day to play a round of golf. After seeing that huge movement yesterday, trading might be very thin until after USD unemployment and Payroll figures.. And one should in any case be very cautious around Unemployment and Payroll days. Secondly pivots are obviously very stretched because of yesterdays range, those resistance and support levels are very unlikely to be hit before payroll and unemployment.

Just my two cents, I could obviously be wrong.

regards,

anderou
Thank you j16!
  • #12,390
  • May 7, 2010 1:32am May 7, 2010 1:32am
Quoting anderou
I think today might be a good day to play a round of golf. After seeing that huge movement yesterday, trading might be very thin until after USD unemployment and Payroll figures.. And one should in any case be very cautious around Unemployment and Payroll days. Secondly pivots are obviously very stretched because of yesterdays range, those resistance and support levels are very unlikely to be hit before payroll and unemployment.

Just my two cents, I could obviously be wrong.

regards,

anderou
It was a hugh sell off last night...
My TP 1.255x was automatic hitted...

It is good to be in relax mood...with tiny long..

sonic
  • #12,391
  • May 7, 2010 1:35am May 7, 2010 1:35am
That's it sonic, also had a very very good day yesterday, taking some well deserved time off, will see you guy's on monday.

ciao
Thank you j16!
  • #12,392
  • May 7, 2010 1:43am May 7, 2010 1:43am
Quoting traderathome
GU:

Right from the start, this was not entered as a SonicR long trade because I entered early. Had I waited for a SonicR entry I would have been exposed to a chance for an even better "early" entry! I added long near whole number, so my position for a long trade is improved. But, it looks now like it will be the next day before a long setup.

Hope you didnt keep your GU long TAH...HOPE for your good and ours!
  • #12,393
  • May 7, 2010 5:15am May 7, 2010 5:15am
Quoting sonicdeejay
GU S1..here we go..

http://cdn.forexfactory.com/attachme...1&d=1273063139

Sonic
After 400+ pips..

Didn't I make a right call??

Sonic
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  • #12,394
  • Edited 10:04am May 7, 2010 7:37am | Edited 10:04am
Quoting sonicdeejay
Have a cautious long .. after reaping nice $$ from EU short...earlier 1.3092 to 1.255x

http://www.forexfactory.com/attachme...6&d=1273205358

Sonic
TP 1 hit, SL @BE,

Sonic
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  • #12,395
  • May 7, 2010 10:13am May 7, 2010 10:13am
Dear sonic , I hope its not a rude request , but does anyone following your system have published statements? I am only asking because when I see these statements it makes me have a great attitude towards learning this system. Thank you very much for your efforts and sharing.
  • #12,396
  • Edited May 8, 2010 5:46am May 7, 2010 8:38pm | Edited May 8, 2010 5:46am
Quoting Brb-Fraudin
Dear sonic , I hope its not a rude request , but does anyone following your system have published statements? I am only asking because when I see these statements it makes me have a great attitude towards learning this system. Thank you very much for your efforts and sharing.

I will have to turn down your request politely, based on two points.

1. Most of the time, I post at chart once I take a position rather than the thereafter. That should already give confidence to my fellow sonikers on my trades with greater transparency.

2. I have no commercial interest in sharing the system, so I do not feel obliged to share/show my trading statements as a proof that I am a profitable trader.

Inserted Video


Hope it helps.
Sonic
  • #12,397
  • May 8, 2010 5:16am May 8, 2010 5:16am
Hi Sonic, i have only 4 months of experience on forex, now i'm trying your trading system on demo, with very good results.

If possible to download all your screenshot on this thread in a single file for understand better entry point?

Thank you for sharing your system, and excuse me for my bad english.
  • #12,398
  • May 8, 2010 11:37am May 8, 2010 11:37am
Quoting sonicdeejay
I will have to turn down your request politely, based on two points.

1. Most of the time, I post at chart once I take a position rather than the thereafter. That should already give confidence to my fellow sonikers on my trades with greater transparency.

2. I have no commercial interest in sharing the system, so I do not feel obliged to share/show my trading statements as a proof that I am a profitable trader.


Hope it helps.
Sonic
Very fair , thx.
  • #12,399
  • May 9, 2010 10:52am May 9, 2010 10:52am
Guys..I do not see Rasta lately...
Hope he is ok...

Sonic
  • #12,400
  • May 9, 2010 11:08am May 9, 2010 11:08am
Quoting sonicdeejay
Guys..I do not see Rasta lately...
Hope he is ok...

Sonic
He's ok - he's been posting at snusnufreak's 5M pullback system thread.
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