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Sonic R. System

  • #14,081
  • Aug 10, 2010 5:24pm Aug 10, 2010 5:24pm
Quoting Pumlitch
EU:
I got to my work PC just when NY session was about to start and I started as well, right in time! .
Trade closed manually when I came home and realized that my PT at 1,3075 was almost reached.
+50pips is very nice for me.

Attachment
Nice job Pumlitch. I'm glad you caught that one by chance. It seems timing is everything with Sonic, the setups just don't happen that often.
"Be the change that you wish to see in the world." --Gandhi
  • #14,082
  • Aug 10, 2010 5:44pm Aug 10, 2010 5:44pm
Quoting foxybunny
Hi Sonickers,

Happened to come across this thread last week, and after a few days heavy reading, have just completed reading from page 1 through page 938.

For those who are new readers, it would be terrific to read all posts if possible. As there are now huge 938pages, I found more value in first 400 pages, and then from page 800 onwards.

A BIG Thank You for all your sharing to Sonicdeejay, Basber, Domas4, Muhammad989,TraderAtHome, DanPa and ddaytrader.

I am in this thread as I have a need to do a 180 degrees turn on my forex results into...
Welcome to the thread, FoxyBunny!

This is a great method. If we are patient and wait for the setups, there are a lot of pips to be made.

It's really all about price action here, the dragon tunnel is more of a reference point to base price action around. Very basic and very effective.

And TAH, Basber et al. are incredibly knowledgable and helpful.

Looking forward to your posts.

Regards,
Wally:nerd:
"Be the change that you wish to see in the world." --Gandhi
  • #14,083
  • Edited 10:27pm Aug 10, 2010 10:14pm | Edited 10:27pm
Quoting traderathome
Speculation On The Market "Reaction" To The US Releases:

I have no idea what was in the releases. And I don't believe it makes any difference, anyway. Across the board, the market "reaction" was to wipe out all of todays runs. In other words, it is now like today never happened. Gone is the asian session run. Gone is the euro/early US session run! And THAT was the way the market was going to "react" no matter WHAT was released!

Yep! The prices have all been "reset" now so the same moves can be repeated, shedding shorts against the dollar...
......And now you know the REST OF THE STORY!

Look! Within just hours of the "Market Response" to the US Releases, the durned price is right back where it started from.....in the asian session no less! You see that? This is proof of the extreme market price manipulations associated with "news/releases". They MEAN NOTHING! They are just a way for the 'Big Boys' to scramble our brains and rob us of our money (but only if we traded to large or used too tight of SLs, ).

More and more, PA is looking like a trend reversal. Tight ranging, and "surprise" pumps are the 'order of the day' until these greedy manipulators get their positions fully set for the future drop.

WARNING: Speculation!
Attached Image (click to enlarge)
Click to Enlarge Name: # 977.gif Size: 26 KB
  • #14,084
  • Aug 10, 2010 10:32pm Aug 10, 2010 10:32pm
Quoting Wally1953
Nice job Pumlitch. I'm glad you caught that one by chance. It seems timing is everything with Sonic, the setups just don't happen that often.
The key to the SonicR setup is the H-L-LH, or the L-H-HL sequences. When they exist, the breakout thru the EP Zone has a very high probability of success.
  • #14,085
  • Aug 10, 2010 11:31pm Aug 10, 2010 11:31pm
UJ:

EU and GU have already retraced the "market reaction" to the US Releases yesterday. UJ has not yet done so.

Furthermore, UJ pricing has been drifitng lower as we close with the JPY release in about 30 minutes. This may be setting up for long entries at lowest prices just before the JPY release, and then it gets sent north!

WARNING: Speculation!
Attached Image (click to enlarge)
Click to Enlarge Name: # 978.gif Size: 38 KB
  • #14,086
  • Aug 10, 2010 11:46pm Aug 10, 2010 11:46pm
Quoting traderathome
UJ:

EU and GU have already retraced the "market reaction" to the US Releases yesterday. UJ has not yet done so.

Furthermore, UJ pricing has been drifitng lower as we close with the JPY release in about 30 minutes. This may be setting up for long entries at lowest prices just before the JPY release, and then it gets sent north!

WARNING: Speculation!

Hi TAH,

From your graph, how do you draw the zig zag line, and label 'H' and 'L' ??

I am using FxPro MT4 demo for my charting purpose.

Thanks,
FB.
  • #14,087
  • Aug 11, 2010 1:03am Aug 11, 2010 1:03am
Hi Senior Traders,

How to identify the wave formation for the following?

I have put 2 scenarios for same chart at same time frame M15.

(1) EU with L-H-HL.

(2) EU with H-L-LH.

Is it (1) or (2) ?

Sorry if the picture arrows and texts not nice as just trying out how to use arrows and pictures using Jing.

NPNT - No Picture No Talk

GPGT - Got Picture Got Talk (This is what I mean)

Thanks,
FB.

Attached Image (click to enlarge)
Click to Enlarge Name: 2010-08-11_EURUSD_LH.png Size: 79 KB

Attached Image (click to enlarge)
Click to Enlarge Name: 2010-08-11_EURUSD_HL.png Size: 74 KB
  • #14,088
  • Aug 11, 2010 1:14am Aug 11, 2010 1:14am
Quoting Wally1953
Nice job Pumlitch. I'm glad you caught that one by chance. It seems timing is everything with Sonic, the setups just don't happen that often.
Good morning.
Thank you friend.
I earned more pips later in the big spike, +40pips UP, like a scalp, and then +65pips in the motion down when I was dreaming in my bed, BUT it is not very worthy profit as I strongly doubt that I would make such trades (trade the spike after news release) with real money. Even if I put very small SL.

Today I am at my office so I am ready to look out for the market!.
Follow my trading on Twitter and FB: @pumlitch
  • #14,089
  • Aug 11, 2010 6:30am Aug 11, 2010 6:30am
Attached Image (click to enlarge)
Click to Enlarge Name: post-1.gif Size: 30 KB
"Be the change that you wish to see in the world." --Gandhi
  • #14,090
  • Aug 11, 2010 6:51am Aug 11, 2010 6:51am
Wally1953, just to understand - how this trade related to SonicR ?
Patience is the key.
  • #14,091
  • Aug 11, 2010 7:26am Aug 11, 2010 7:26am
Out at BE. Was going nowhere.
"Be the change that you wish to see in the world." --Gandhi
  • #14,092
  • Aug 11, 2010 7:37am Aug 11, 2010 7:37am
Quoting odges
Wally1953, just to understand - how this trade related to SonicR ?
You know Odges, your right! Sometimes I take non-Sonic trades, and I do not post them. This shouldn't have been posted. Sorry about that. Glad you pointed it out.
"Be the change that you wish to see in the world." --Gandhi
  • #14,093
  • Aug 11, 2010 8:53am Aug 11, 2010 8:53am
Hi Sonikers,

My 1st Sonic Trade (Live).

Executed Order.
AUD/USD - Short
Date: 11-Aug-10
Time: FxPro 15:30
Entry: 0.9022
SL: 0.9072 (-50 pips) (Above Recent LH)
TP: 0.8972 (+50 pips) (To get same as Stop Loss)

Current Price: Around 0.9023

Reasons:
H-L-LH Wave formation.
Sonic Dragon slope down.
Recent prices show down trend.
Price retrace up to Sonic Dragon.
Price went down past Sonic Dragon.

Attached:
H4 chart for Support & Resistance
M15 Entry, SL, TP (TP not shown as price not seen)

I will inform of exit result no matter it is profit or loss.

** Please comment on analysis.

Thanks,
Steven.

Attached Image (click to enlarge)
Click to Enlarge Name: 2010-08-11_Entry1_AUDUSD_H4.png Size: 31 KB

Attached Image (click to enlarge)
Click to Enlarge Name: 2010-08-11_Entry1_AUDUSD_M15_HL_Short.png Size: 94 KB
  • #14,094
  • Aug 11, 2010 9:10am Aug 11, 2010 9:10am
Hi Sonikers,

My 2nd Sonic Trade (Live).

Wait Order (Time Limit 2hr).
NZD/USD - Short
Date: 11-Aug-10
Time: FxPro 15:45
Entry: 0.7166
SL: 0.7226 (-60 pips) (Above Recent LH)
TP: 0.7116 (+50 pips) (A bit less than Stop Loss due to 0.7100)

Current Price: Around 0.7177

Reasons:
H-L-LH Wave formation.
Sonic Dragon slope down.
Recent prices show down trend.
Price retrace up Above Sonic Dragon.
Price went down past Sonic Dragon.

Attached:
H4 chart for Support & Resistance
M15 Entry, SL, TP (TP not shown as price not seen)

I will inform of exit result no matter it is profit or loss.

** Please comment on analysis.

Thanks,
Steven.

Attached Image (click to enlarge)
Click to Enlarge Name: 2010-08-11_Entry2_NZDUSD_H4.png Size: 37 KB

Attached Image (click to enlarge)
Click to Enlarge Name: 2010-08-11_Entry2_NZDUSD_M15_HL_Short.png Size: 96 KB
  • #14,095
  • Aug 11, 2010 9:45am Aug 11, 2010 9:45am
Quoting foxybunny
Hi TAH,

From your graph, how do you draw the zig zag line, and label 'H' and 'L' ??

I am using FxPro MT4 demo for my charting purpose.

Thanks,
FB.
On MT4 the zig zag lines are individual separate lines drawn with the "/" TrendLine Tool (be sure "Draw as Ray Line" is unchecked in Properties for the first line you draw....go back after drawing line if it turns out as a Ray (goes to border of chart) and uncheck this item. Thereafter, all lines drawn with "/" will not be ray lines. And you can always change any line back to a ray line by opening Properties for the line and checking the "Ray" item.

The labels ("H", "L", etc.) are drawn with the "A" Text Tool.

These icons, "/" and "A" for the Trendline and Text tools are in the MT4 banner above the chart. Experiment with these and the other tools provided.
  • #14,096
  • Aug 11, 2010 9:54am Aug 11, 2010 9:54am
Hi Sonikers,

My 3rd Sonic Trade (Live).

Executed Order.
USD/CHF - Long
Date: 11-Aug-10
Time: FxPro 16:00
Entry: 1.0543
SL: 1.0483 (-60 pips) (Below Recent HL)
TP: 1.0593 (+50 pips) (A bit less than Stop Loss due to 1.0600)

Current Price: Around 1.0537
Reasons:
L-H-HL Wave formation.
Sonic Dragon slope up, but at time of entry slope a bit down.
Recent prices show up trend.
Price retrace down Below Sonic Dragon.
Price went up above Sonic Dragon.

Attached:
H4 chart for Support & Resistance
M15 Entry, SL, TP.

I will inform of exit result no matter it is profit or loss.

** Please comment on analysis.

Thanks,
Steven.

Attached Image (click to enlarge)
Click to Enlarge Name: 2010-08-11_Entry3_USDCHF_H4.png Size: 30 KB

Attached Image (click to enlarge)
Click to Enlarge Name: 2010-08-11_Entry3_USDCHF_M15_LH_Long.png Size: 84 KB
  • #14,097
  • Aug 11, 2010 10:01am Aug 11, 2010 10:01am
Quoting foxybunny
Hi Sonikers,

My 1st Sonic Trade (Live).

Executed Order.
AUD/USD - Short
Date: 11-Aug-10
Time: FxPro 15:30
Entry: 0.9022
SL: 0.9072 (-50 pips) (Above Recent LH)
TP: 0.8972 (+50 pips) (To get same as Stop Loss)

Current Price: Around 0.9023

Reasons:
H-L-LH Wave formation.
Sonic Dragon slope down.
Recent prices show down trend.
Price retrace up to Sonic Dragon.
Price went down past Sonic Dragon.

Attached:
H4 chart for Support & Resistance
M15 Entry, SL, TP (TP not shown as price not seen)

I will inform of exit result no matter it is profit...
You are watching for HL sequences for both entry and re-entry trades. Congrats!

Tecnically, it looks like you could have entered maybe about 10 pips higher, but still OK as is normally. But at the time you entered, the price had already exceeded average range, so being conservative on re-entry (entering at lower price) might have left you entering short near bottom of the day's PA! As it is going now, you were saved by this becoming a range breaking day.
Attached Image(s) (click to enlarge)
Click to Enlarge Name: 2010-08-11_Entry1_AUDUSD_M15_HL_Short.png Size: 94 KB
Click to Enlarge Name: # 979.gif Size: 30 KB
  • #14,098
  • Aug 11, 2010 10:13am Aug 11, 2010 10:13am
EU Short Trade Update:

This one is from a couple weeks back. I kept adding as price rose against me, but finally stopped doing that and decided to just wait it out. The 300+ pip run down today helped a lot. Now, the short trade is running a profit. And I am going to let it run a bit longer without SL nor TP.

My GU short trade is also closing in on becoming profitable. Another day or two might do it.
Attached Image (click to enlarge)
Click to Enlarge Name: # 980.gif Size: 27 KB
  • #14,099
  • Aug 11, 2010 10:20am Aug 11, 2010 10:20am
Quoting traderathome
Speculation On The Market "Reaction" To The US Releases:

I have no idea what was in the releases. And I don't believe it makes any difference, anyway. Across the board, the market "reaction" was to wipe out all of todays runs. In other words, it is now like today never happened. Gone is the asian session run. Gone is the euro/early US session run! And THAT was the way the market was going to "react" no matter WHAT was released!

Yep! The prices have all been "reset" now so the same moves can be repeated, shedding shorts against the dollar...
See what I mean?.......yesterday.....today!
Attached Image(s) (click to enlarge)
Click to Enlarge Name: # 976.gif Size: 30 KB
Click to Enlarge Name: # 981.gif Size: 31 KB
  • #14,100
  • Aug 11, 2010 10:23am Aug 11, 2010 10:23am
What a day two trades stopped out at BE and +100 short on a EU.

Coulda been more on EU, but I chose to trade USD/CHF in the london session, where I caught my BE (before it whipped back in the U.S. session back to profit).

Got in on EU on a retrace/bounce just under the dragon tunnel and then caught my +100 during the US session.

Was anybody up during the london session and get to catch the whole EU short move?

LOL, traderathome, looks like your predictions of a drop on EU are finally coming about. Looks like more downside ahead for a couple of weeks on the daily charts may be in store.

I hope so. I personally like taking shorts better.
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