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Sonic R. System

  • #13,521
  • Jul 16, 2010 4:51am Jul 16, 2010 4:51am
EU Short Trade Update:

#5 short entry, and that is all this trade gets! I am sure it will be into next week before enough downside retrace (or better yet, a reversal) occurs to make this all worthwhile. Definately not SonicR, as it was an early short entry off resistance. But it turned and has been all upside since, pump after pump after pump.

A retrace will occur.
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  • #13,522
  • Jul 16, 2010 4:55am Jul 16, 2010 4:55am
fortunately My GU Long able to close at 0 pip break even

unfortunately I did not Long EU

hope someone able to capture some pip out of it

happy trading
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  • #13,523
  • Jul 16, 2010 4:57am Jul 16, 2010 4:57am
Quoting vincecyc
fortunately My GU Long able to close at 0 pip break even

unfortunately I did not Long EU

hope someone able to capture some pip out of it

happy trading
I'm in e/u long now 22 pips up
  • #13,524
  • Jul 16, 2010 4:59am Jul 16, 2010 4:59am
Quoting DanPa
Your long is my short! if you put there an fib ret, you will see what i'm talking about

dont know if it the best choice, but R/R is very good, i have 25 pips sl and 100 and 130 tp
well I'm glad you are profiting

care to attach your chart and show your entry and the fib ret on your chart so i can oso learn it from you
that the forum for right, helping each other to profiting in FX

thank you very much
  • #13,525
  • Jul 16, 2010 5:03am Jul 16, 2010 5:03am
Quoting vincecyc
well I'm glad you are profiting

care to attach your chart and show your entry and the fib ret on your chart so i can oso learn it from you
that the forum for right, helping each other to profiting in FX

thank you very much

BLOS ( boss looking over shoulder)
  • #13,526
  • Edited 8:14am Jul 16, 2010 6:48am | Edited 8:14am
Quoting tushka
I'm in e/u long now 22 pips up
half of position closed with +32 pips and sl moved to be+
edit:other half closed at be+
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  • #13,527
  • Jul 16, 2010 7:11am Jul 16, 2010 7:11am
Quoting vincecyc
Well Another trade reverse! yesterday EU, today GU.

haha

look like need to find something more solid to filter out bad entry
I was up then and didn't take any trades there because the waves were not lined up right and the tunnel was too sideways for my liking.
  • #13,528
  • Jul 16, 2010 7:23am Jul 16, 2010 7:23am
Pumping pumping. Profs will wash our brain and after we will think that new trend long started, profs will start sell and we will think that it's just pull back, so we will buy and buy, but profs will be guarante that they have big liquidity for their short positions closing. The same history all the time
  • #13,529
  • Jul 16, 2010 9:12am Jul 16, 2010 9:12am
Please, where can I download the latest version of your system. Thank you.
  • #13,530
  • Jul 16, 2010 10:50am Jul 16, 2010 10:50am
Quoting Eynshteyn
Please, where can I download the latest version of your system. Thank you.
Template is in the very first post.
  • #13,531
  • Jul 16, 2010 11:05am Jul 16, 2010 11:05am
Here is my friday recap of using the sonic method. Got up for the london open to see what it looked like. Actually an hour before.

Didn't like what I saw as far as set up, and was too tired to wait further into the session to see any set ups that did happen later. I think EU set up nicely in that session.

I went back to sleep and got up for the U.S. session. Didn't like EU or EJ. EU was past a good entry, and EJ looked like it might be in a nasty range to me.

GU set up textbook short: +50 Could have got more, but I locked +50 in a bit to early. Didn't want to turn a win into a loss and my H1 shi channel shows a long bias. And it's friday.

UC set up a textbook long: +80 target was MR2, which was about 80. Got there, wiggled around. Locked in +60, then +70, then +80 and was stopped out.

Entries white, postive stops red. Forgot to mark my initial SL on the jpegs. UC was about: 1.0397, GU was about:1.5428 (50-60 pip stop losses respectively. based on waves and s&r)
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  • #13,532
  • Jul 16, 2010 11:35am Jul 16, 2010 11:35am

Quoting KumoDragon

GU set up textbook short: +50

UC set up a textbook long: +80
  • #13,533
  • Jul 16, 2010 12:03pm Jul 16, 2010 12:03pm
Good job Kumo!

I was watching both of those setups, but saw them as both trend reversals so didn't take them. I'm a little skittish these days, my account is shrinking too fast.

You were aggressive and it paid off.

Have a great weekend, and we'll see what Monday morning brings.
"Be the change that you wish to see in the world." --Gandhi
  • #13,534
  • Edited 12:41pm Jul 16, 2010 12:20pm | Edited 12:41pm
GU Short Trade Opened and Closed:

Entered short below SonicR EP area because I wanted price first to break what I believed to be a support area (blue line and central pivot, too). So entry was made during heavy consolidation below the central pivot. I placed SL at upper level of the Dragon high. I placed TP in area of perceived SR below (lowest blue line).

Trade yielded 65 pips profit.
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  • #13,535
  • Edited 12:48pm Jul 16, 2010 12:32pm | Edited 12:48pm
EJ Short Trade Update:

Trade is still running and will be so into next week. Even though SL and TP are on chart, they are not automated and no action will be taken if PA reaches either. I expect more downside next week and will replace SL, TPs then.

At the current price the trade is up over 50 pips, and was up over 100 pips at the lows. The first TP will yield over 200 pips profit.
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  • #13,536
  • Edited 12:54pm Jul 16, 2010 12:40pm | Edited 12:54pm
EU Short Trade Upate:

Trade is still running. PA is currently at a SonicR EP zone for a new short trade, but in the red over 60 pips based on the final average for the 5 individual short entries. The SL and TP are not active ones. They will be reset next week.

By the time PA retraces to where this trade started, the trade will be up over 150 pips.
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  • #13,537
  • Jul 16, 2010 12:42pm Jul 16, 2010 12:42pm
Is anyone else using the same template as me and finding it bogs down your comp?

I'm running 4 pairs. Mt4 keeps freezing/stuttering on me when there is some good pricemovment and all the indicators have to recalculate across them all.

I checked the processes and my cpu usage was spiking all the way to 50%. I'm running a 3 gig with plenty of ram.

Is there a particular indicator that might be the culprit? I'm thinking maybe the shi channel?
  • #13,538
  • Jul 16, 2010 12:43pm Jul 16, 2010 12:43pm
Quoting traderathome
EJ Short Trade Update:

Trade is still running and will be so into next week. Even though SL and TP are on chart, they are not automated and no action will be taken if PA reaches either. I expect more downside next week and will replace SL, TPs then.

At the current price the trade is up over 50 pips, and was up over 100 pips at the lows. The first TP will yield over 200 pips profit.
Good trades. It's nice to start the weekend with some wins.
  • #13,539
  • Jul 16, 2010 1:01pm Jul 16, 2010 1:01pm
Quoting KumoDragon
Is anyone else using the same template as me and finding it bogs down your comp?

I'm running 4 pairs. Mt4 keeps freezing/stuttering on me when there is some good pricemovment and all the indicators have to recalculate across them all.

I checked the processes and my cpu usage was spiking all the way to 50%. I'm running a 3 gig with plenty of ram.

Is there a particular indicator that might be the culprit? I'm thinking maybe the shi channel?
No, it is not the SHI Channel indy, nor QQE, nor CCI, nor NVO. I see you have included an indy from Cobra's THV thread, and that is the culprit most likely.

My suggestion is to remove the SHI Channel and concentrate on learing how to see for yourself where S&R areas are based on historic PA. Remove the QQE and CCI, as these don't tell you anything more than does the actual PA track about the Dragon. And certainly remove the THV indy(s). You will find then everything working ok, and a much cleaner chart.
  • #13,540
  • Jul 16, 2010 1:17pm Jul 16, 2010 1:17pm
Quoting traderathome
No, it is not the SHI Channel indy, nor QQE, nor CCI, nor NVO. I see you have included an indy from Cobra's THV thread, and that is the culprit most likely.

My suggestion is to remove the SHI Channel and concentrate on learing how to see for yourself where S&R areas are based on historic PA. Remove the QQE and CCI, as these don't tell you anything more than does the actual PA track about the Dragon. And certainly remove the THV indy(s). You will find then everything working ok, and a much cleaner chart.
I think I'll keep all those indies as they are part of the rules in the manual. I use the shi for the H1 bias. I feel they are useful. The corbra indicator was in the group I downloaded from the sonic thread. So, it's not something I added on.

I've already been trading long enough to map s&r areas manually, but since I'm watching multiple pairs the indicators make it easier. They point out the areas for me, so I dont have to manually map them out. (And possible get confused going through multiple pairs) So, why wouldn't I just use the indicators and save myself time and work?
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