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Sonic R. System

  • #12,841
  • Jun 15, 2010 8:53am Jun 15, 2010 8:53am
was going to say... where was I on that 319 drop !

Must be a 5 digit broker...

been a horrible day for the Sonic R - unless anyone disagrees...
  • #12,842
  • Jun 15, 2010 9:11am Jun 15, 2010 9:11am
Quoting DanPa
you mean 31.9 pips lol
Ya 31.9 pipis..haha..I love 5 digit brokers..
  • #12,843
  • Jun 15, 2010 9:27am Jun 15, 2010 9:27am
Quoting ozzieb88
was going to say... where was I on that 319 drop !

Must be a 5 digit broker...

been a horrible day for the Sonic R - unless anyone disagrees...
To me..it wasn't a classic sonic R... Kinda late entry...
Sonic
Attached Image
  • #12,844
  • Jun 15, 2010 9:33am Jun 15, 2010 9:33am
Quoting sonicdeejay
To me..it wasn't a classic sonic R... Kinda late entry...
Sonic
Yup i know it was late..Just trying to show somebody in the room how it works..

Cheers
  • #12,845
  • Jun 15, 2010 9:41am Jun 15, 2010 9:41am
Quoting khairul81
Yup i know it was late..Just trying to show somebody in the room how it works..

Cheers
no worri mate...
it should hav been a re-entry with tight SL...
31 pips SL seems low for me..GU can easily wipe you out..
  • #12,846
  • Jun 15, 2010 9:49am Jun 15, 2010 9:49am
Quoting sonicdeejay
no worri mate...
it should hav been a re-entry with tight SL...
31 pips SL seems low for me..GU can easily wipe you out..
Ya thats true..Kinda forget I was on the 5min chart and not the 15min..Lucky it worked though..If not my other half would be pinching me now..hahah
  • #12,847
  • Jun 15, 2010 12:52pm Jun 15, 2010 12:52pm
Hi I am putting my first post on sonic system.

I have tried to put a set up which I feel is a Sonic Set UP.

CCI >50
Price >89 EMA

Price is making higher low and higher High .
also Price above the sonic dragon channel high.

Is this a valid buy in GOLD (The prices are given in INR 18655 with SL below the channel low 18570. if YES then what should be the reasonable first target for this set UP ?

rgds,
Smok
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  • #12,848
  • Edited 3:09pm Jun 15, 2010 2:17pm | Edited 3:09pm
Quoting traderathome
EU Watch and Long Trade Update:

The attached M30 chart includes an FR study from which we see the Frankfurt traders completed the retrace down to about the 50% level. And this drive down inspired a lot of trading at the lower prices. I added to the long trade, bringing my average to below the whole number. The SL is reinstated, but slightly lowered. The target is a bit raised to be near the FR 27% expansion level.

As I have already added to the trade, I will forego a SonicR normal entry when it comes, which may be lower than the one shown,...
EU Watch, Long Trade Update:

Take a gander at the H4 chart attached. It includes an FR study with extensions.....and these extensions align beautifully at ALL levels! Even the FR 100% level was accurate for today, unlike the 127% level for the FR study on my M30 trade chart. This H4 chart will govern my trade for a while.

On the M30 chart, I have set a new TP per this H4 chart, which will take us into another day, and bypass the current 'Raised Target'. The M30 chart shows the 'Actual EP Zone' for the SonicR long trade setup, which is lower than the 'Prelim EP Zone' marked before the drive down in price, for the building of long trade positions ahead of the run. I have left the FR study on the M30 chart for now since it's 62% level aligns with the H4 FR study 162% level. I might wrestle with both FRs on future charts of this trade in assigning TPs. The SL is now raised. It is above my entry and above the Actual EP Zone, gambling that the half number and the FR 24% levels will be the bottom of any pullback. But the SL is mental when I am at the computer, and subject to change when I leave it.
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  • #12,849
  • Jun 15, 2010 3:19pm Jun 15, 2010 3:19pm
Quoting smok_signal
Hi I am putting my first post on sonic system.

I have tried to put a set up which I feel is a Sonic Set UP.

CCI >50
Price >89 EMA

Price is making higher low and higher High .
also Price above the sonic dragon channel high.

Is this a valid buy in GOLD (The prices are given in INR 18655 with SL below the channel low 18570. if YES then what should be the reasonable first target for this set UP ?

rgds,
Smok
I don't have gold on my platform, so I can only refer to your chart. Based upon your chart, I see the centerline of the upper most price oscillations at around 1.8756, which could be your target.
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  • #12,850
  • Jun 15, 2010 3:26pm Jun 15, 2010 3:26pm
Hi TAH..dont you think we have here an bearish formation on daily?
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  • #12,851
  • Edited 3:53pm Jun 15, 2010 3:42pm | Edited 3:53pm
EU Watch:

The attached Monthly chart shows a half year of decline to a major S&R area. The current month, only half over, looks bullish.

The attached Weekly chart shows PA at a significant S&R area right now.

One conclusion might be, since PA is at a crossroads following such a prolonged period of decline on the Monthly chart, that the decline will be halted and reversed for a while, maybe another half year. But, whether it eventually reverses up or continues down, while PA is near the crossroads it may become radical PA. This may be a time to be very picky about your SonicR setups.
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  • #12,852
  • Edited 11:07pm Jun 15, 2010 4:16pm | Edited 11:07pm
Quoting DanPa
Hi TAH..dont you think we have here an bearish formation on daily?
Hi, DanPa. My current thinking is that since PA is at an important area, there is no way to be sure of the future direction. For that, we just have to let "....the market decide." Those that truely control which way it moves, may move it either way, and for a variety of reasons....from financial to poitical, and regardless of the real relative values.

Until "the market decides", and we see direction, my thinking is that we have to confine our 'technical analysis' to shorter TFs....that we have to be picky about our setups and very careful overall. This is because PA could become quite radical, yielding strong moves in either direction; totally against what higher TF charts 'show' and even against 'logic'.

Overall, based on the Monthly chart, isn't it time for the bulls to come out? I would think so. But right now, I am also thinking there will be far less correlation than usual between SonicR trades on the M15 and what the larger TF charts 'say'.

I could be all wrong about this, but very lately it seems to me my longer term analysis has been flip flopping back and forth based on 'local' PA and SonicR setups. That is why I am thinking, for a while at least, that correlation may be dissipating. So, for a while, I plan on letting the H4 take extreme precedence over the Monthly, Weekly and Daily charts in my own trading. And even with that, keeping in mind the possibility that PA might act radically, making technical analysis off the H4 less reliable also. For example, the attached H4 shows that PA broke up thru the resistance of the 89 ema Trend Line, then came back down to 'test it', bounced up and has moved higher. This is bullish. But regardless of the well aligned target levels from the FR/expansion study.......will the move last?

Keeping it simple, the 'Crossroads Zone' (see attached Monthly chart) might box in PA for some time. It might be some time before we see clear direction on the larger TFs. Meanwhile H4 might be the most reliable larger TF we have, and perhaps less reliable at that! It could be time to be very picky about setups, and very careful about managing them. And, I could be all wrong about this!
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  • #12,853
  • Jun 15, 2010 4:30pm Jun 15, 2010 4:30pm
Quoting traderathome
Hi, DanPa. My current thinking is that since PA is at an important area, there is no way to be sure of the future direction. For that, we just have to let "....the market decide." Those that truely control which way it moves, may move it either way, and for a variety of reasons....from financial to poitical, and regardless of the real relative values.

Until "the market decides", and we see direction, my thinking is that we have to confine our 'technical analysis' to shorter TFs....that we have to be picky about our setups and very careful...
I would vouch you but dont have the option for the moment..;well explained! thx
  • #12,854
  • Edited 1:17am Jun 16, 2010 12:25am | Edited 1:17am
EUR/JPY....I'm gonna catch you if you fall..

p.s. canceled - new high..
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Patience is the key.
  • #12,855
  • Edited 4:30am Jun 16, 2010 3:52am | Edited 4:30am
EU Watch:

There are EU releases coming up within minutes now. My guess is the London session prof traders took the price down to an S&R area (rectangle) and have been keeping it there while adding to their long positions ahead of these releases. It is just my guess. We'll know that was the case if the price pops up afterwards.

Edit: Added second chart. It has been 30 minutes since the EU releases and it is 3 hours until a US release. Since the price has not been popped, maybe they'll milk this range until it runs dry, or until the US release, whichever comes first.
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  • #12,856
  • Jun 16, 2010 5:09am Jun 16, 2010 5:09am
EU Watch, Long Trade Update:

Added on this last dip, and raised SL.
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  • #12,857
  • Jun 16, 2010 7:12am Jun 16, 2010 7:12am
Manually took TP1, SL @ BE now.

Regards,
Basber
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Trading methods are designed to put the odds in our favor, not predicting.
  • #12,858
  • Edited 8:38am Jun 16, 2010 7:57am | Edited 8:38am
Took TP1 at green line, moved SL to BE.

Pink line is the initial stop before moving it to BE.

Was this well executed?

Edit: SL @ BE just Hit... Basber I just noticed we were on the same one, so I guess my trade was good ha? In your screen shot I see 2 initial SL, is it because you enter 2 seperate lots with diff SL for instance or is it because you enter 1 order but close it gradually as and if it goes against you?
Thanks,
Regards
Chantal
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  • #12,859
  • Jun 16, 2010 8:23am Jun 16, 2010 8:23am
Trade Entered but retracing at the moment.

Is the SL too wide?

Oh TAH thank you for helping me out with the TZpivots and your input
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  • #12,860
  • Jun 16, 2010 8:48am Jun 16, 2010 8:48am
Quoting Chantalb
Took TP1 at green line, moved SL to BE.

Pink line is the initial stop before moving it to BE.

Was this well executed?

Edit: SL @ BE just Hit... Basber I just noticed we were on the same one, so I guess my trade was good ha? In your screen shot I see 2 initial SL, is it because you enter 2 seperate lots with diff SL for instance or is it because you enter 1 order but close it gradually as and if it goes against you?
Thanks,
Regards
Chantal
Hi Chantal,

What's the difference ? I had 1 open position, I will took TP and SL partially.

Anyway, second half broke even ...

Regards,
Basber
Trading methods are designed to put the odds in our favor, not predicting.
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