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Sonic R. System

  • #13,821
  • Jul 27, 2010 4:27am Jul 27, 2010 4:27am
Going to try to ride UJ down to dragon.
Attached Image (click to enlarge)
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  • #13,822
  • Jul 27, 2010 4:30am Jul 27, 2010 4:30am
EU Short Trade Addition:

Added to ongoing short trade. Average entry, SL and TPs are per attached chart.
Attached Image (click to enlarge)
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  • #13,823
  • Jul 27, 2010 4:32am Jul 27, 2010 4:32am
EU short is about to trigger, I hope I get this one right. Although the main trend is predominantly bullish... We'll see

Edit: Just got filled
Attached Image (click to enlarge)
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  • #13,824
  • Jul 27, 2010 4:50am Jul 27, 2010 4:50am
Quoting lawgirl21
Yes, I'm using Mt4 and have been for years. I am going to feel really stupid if you point out how to draw short lines and wave lines, because I have looked everywhere on the platform and cannot find them, trendlines, S/R lines, text, labels, yes but "custom" lines--I can't find.
It is easy to draw a short 'custom' line, lawgirl.

1. Left click on your "/" line drawing icon to select it.
2. Move cursor to starting point for your line on the chart, left click and hold while you move cursor to end point for your line, and release.
3. You now have a line at whatever angle you drew it. Double left click on the line and 'boxes' should appear at beginning, middle and end of line. Once these 'boxes' are visible you can alter the line. But first, right click on the line with the boxes showing and bring up menu. Select "Trendline properties" and then select the "Parameters" tab. Here you will find a box entitled "Ray". Uncheck it! Click "OK". Now your custom lines will not automatically shoot out to the edge of the screen like 'rays'.

Try this and let me know if this is the feature you have not been able to find.
  • #13,825
  • Jul 27, 2010 5:53am Jul 27, 2010 5:53am
Quoting traderathome
It is easy to draw a short 'custom' line, lawgirl.

1. Left click on your "/" line drawing icon to select it.
2. Move cursor to starting point for your line on the chart, left click and hold while you move cursor to end point for your line, and release.
3. You now have a line at whatever angle you drew it. Double left click on the line and 'boxes' should appear at beginning, middle and end of line. Once these 'boxes' are visible you can alter the line. But first, right click on the line with the boxes showing and bring up menu. Select "Trendline...

You know lawgirl that will cost you right? LOL
  • #13,826
  • Jul 27, 2010 6:08am Jul 27, 2010 6:08am
traderathome, your SL on GPBUSD take?
sorry for my english, i'm from Russia
  • #13,827
  • Edited 7:07am Jul 27, 2010 6:16am | Edited 7:07am
My SL GU and EU hit.
GU was my mistake, wrong entry, no LH.
EDIT: GU - the same mistake as yesterday. Huh.
Follow my trading on Twitter and FB: @pumlitch
  • #13,828
  • Jul 27, 2010 6:21am Jul 27, 2010 6:21am
long EU

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"Be the change that you wish to see in the world." --Gandhi
  • #13,829
  • Jul 27, 2010 6:51am Jul 27, 2010 6:51am
Moved the SL higher since I see an imp S&R level... Will watch how NY will treat it... If it breaks I'm out
  • #13,830
  • Jul 27, 2010 7:05am Jul 27, 2010 7:05am
Tah what is the time the indicators is based on... I was watching it and it seems I have a discrepancy of +35 sec on my side ... Just curious to know whether this is a deliberate false timing provided by my broker
  • #13,831
  • Jul 27, 2010 7:49am Jul 27, 2010 7:49am
I got in the same but bailed once it was clear that it was not going to continue south. I realise yesterday (as per Basber's posts) the waves were not formed to warrant a SonicR short, however, on this occassion, I thought the set up was valid.
Can one of the senior members present (TAH, Basber), pls explain. THis is becoming soooooo frustrating. Were we suckered in (again??)
cheers
Mitch

Quoting Chantalb
EU short is about to trigger, I hope I get this one right. Although the main trend is predominantly bullish... We'll see

Edit: Just got filled
  • #13,832
  • Jul 27, 2010 7:56am Jul 27, 2010 7:56am
EU long out at break even
"Be the change that you wish to see in the world." --Gandhi
  • #13,833
  • Jul 27, 2010 9:24am Jul 27, 2010 9:24am
Quoting MitchOZ
I got in the same but bailed once it was clear that it was not going to continue south. I realise yesterday (as per Basber's posts) the waves were not formed to warrant a SonicR short, however, on this occassion, I thought the set up was valid.
Can one of the senior members present (TAH, Basber), pls explain. THis is becoming soooooo frustrating. Were we suckered in (again??)
cheers
Mitch
Hi Mitch,

I believe it was just a losing trade. I'm still in it and with profit, but if you wanted to trade classic sonicr (recommended), your SL would've been hit. Any as you know, nothing's 100%. It's just a loss.

Regards,
Basber
Trading methods are designed to put the odds in our favor, not predicting.
  • #13,834
  • Jul 27, 2010 9:27am Jul 27, 2010 9:27am
Quoting Wally1953
EU long out at break even
Wally, when you're using M5 to enter the trade, your TPs should be smaller too. Although I don't recommend new traders to trade M5, 20 pips profit is a good goal for M5 entries. If you shift on M15, there was no clear swing and also I don't like that shadow ... But anyway, you should've took partial profit with +20 pips and bring SL to BE by then.

Hope it helps

Regards,
Basber
Trading methods are designed to put the odds in our favor, not predicting.
  • #13,835
  • Jul 27, 2010 9:29am Jul 27, 2010 9:29am
Quoting Basber
Hi Mitch,

I believe it was just a losing trade. I'm still in it and with profit, but if you wanted to trade classic sonicr (recommended), your SL would've been hit. Any as you know, nothing's 100%. It's just a loss.

Regards,
Basber
Basber could you please put up your chart?
Thanks
  • #13,836
  • Jul 27, 2010 9:36am Jul 27, 2010 9:36am
Thanks for your response Basber. You say you're still in the trade. Just curious. Did you go short around the same time or following the recent leg down?)
Mitch
Quoting Basber
Hi Mitch,

I believe it was just a losing trade. I'm still in it and with profit, but if you wanted to trade classic sonicr (recommended), your SL would've been hit. Any as you know, nothing's 100%. It's just a loss.

Regards,
Basber
  • #13,837
  • Jul 27, 2010 9:45am Jul 27, 2010 9:45am
To me, EU seems to be stuck in a range (since around this time yesterday) Price has theatened to do the big drop but each time seems to stall. What are those big boys playing at? I guess time will tell.....


Quoting MitchOZ
Thanks for your response Basber. You say you're still in the trade. Just curious. Did you go short around the same time or following the recent leg down?)
Mitch
  • #13,838
  • Jul 27, 2010 9:54am Jul 27, 2010 9:54am
Quoting traderathome
It is easy to draw a short 'custom' line, lawgirl.

1. Left click on your "/" line drawing icon to select it.
2. Move cursor to starting point for your line on the chart, left click and hold while you move cursor to end point for your line, and release.
3. You now have a line at whatever angle you drew it. Double left click on the line and 'boxes' should appear at beginning, middle and end of line. Once these 'boxes' are visible you can alter the line. But first, right click on the line with the boxes showing and bring up menu. Select "Trendline...
OMG! I feel sooooo liberated!
Attached Image (click to enlarge)
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Attached Image
  • #13,839
  • Jul 27, 2010 10:04am Jul 27, 2010 10:04am
Quoting lawgirl21
OMG! I feel sooooo liberated!
Have a blast
  • #13,840
  • Jul 27, 2010 10:17am Jul 27, 2010 10:17am
Quoting Chantalb
Have a blast
Thanks, CB. You'd think I just fell off the turnip truck!
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