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Sonic R. System

  • #14,341
  • Aug 30, 2010 12:53pm Aug 30, 2010 12:53pm
My today's trades.
Even if there were bank holiday in GB and even if it is monday today I made few nice and quite easy pips.:
GU: 37 pips
EU: 27 pips
Both closed manualy without PT hit.
Attached Image (click to enlarge)
Click to Enlarge Name: eu_gu_30_8.gif Size: 57 KB
Follow my trading on Twitter and FB: @pumlitch
  • #14,342
  • Aug 30, 2010 1:09pm Aug 30, 2010 1:09pm
Quoting traderathome
EU Short Trade Update:

Added short at 1.2737 bringing entry average to 1.2717. Only one TP is set, just above RgL for today and about the middle of the most pronounced consolidation area in the previous lows (black rectangle).

Edit: If pic does not show below then ForexFactory is having problems.
EU Short Trade Closed:

Decided not to wait longer for PA to possibly reach TP. Closed trade at 1.2665, for 50 pips profit.
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  • #14,343
  • Aug 30, 2010 1:18pm Aug 30, 2010 1:18pm
Quoting traderathome
GU Short Trade Update:

PA did not quite make it down to TP. I have been waiting for 1.5 hours for "clarification". There is another US event in less than 10 minutes. Were it not for this event, I'd probably just close the trade here. But PA make have gone stagnant (consolidation) in advance of another move down subsquent to the upcoming "release". Therefore, I keep the trade on, but have moved TP down to the RgL area. No sense waiting all this time just to have another PA break downwards and collect only the first few pips of the breakout...
GU Short Trade Closed:

As with EU short trade, tired of waiting. This is a slow day (GB bank holiday) and I have already profit on this trade, so it is closed at 1.5456, for 86 pips profit.
Attached Image (click to enlarge)
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  • #14,344
  • Aug 31, 2010 4:42am Aug 31, 2010 4:42am
Quoting traderathome
GU Short Trade Closed:

As with EU short trade, tired of waiting. This is a slow day (GB bank holiday) and I have already profit on this trade, so it is closed at 1.5456, for 86 pips profit.

Hi TAH, well done on your shorts on EU & GU.

EJ also nice short yesterday if you enter.

I did not enter any trade coz Monday.
  • #14,345
  • Aug 31, 2010 5:51am Aug 31, 2010 5:51am
why nobody talks about eur/usd long setup?

there was a good hammer in 4h tf
Attached Image (click to enlarge)
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  • #14,346
  • Edited 6:52am Aug 31, 2010 6:08am | Edited 6:52am
Quoting Doncex
why nobody talks about eur/usd long setup?

there was a good hammer in 4h tf
Most likely, because it still doesn't look like a valid up trend
Is it a pullback or a begining of a new trend??? I'm just watching.

EDIT:
My GU short.: + 36pips
Attached Image (click to enlarge)
Click to Enlarge Name: gu31_8.gif Size: 20 KB
Follow my trading on Twitter and FB: @pumlitch
  • #14,347
  • Aug 31, 2010 8:53am Aug 31, 2010 8:53am
Quoting Doncex
why nobody talks about eur/usd long setup?

there was a good hammer in 4h tf
Reasons why I picked up long setup

look in pictures
Attached Image(s) (click to enlarge)
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  • #14,348
  • Aug 31, 2010 7:19pm Aug 31, 2010 7:19pm
Quoting Doncex
why nobody talks about eur/usd long setup?

there was a good hammer in 4h tf
Did you take the trade? Or are you just "pointing out" a trade that was? If you took the trade, wouldn't it be best to post it at that time? Different brokers show different candles on the H4, so not everyone may see what you see. Based on Weekly, market seems bearish on EU. Yes, on M15 there can be good trading in both directions, but shorting may be safer.
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  • #14,349
  • Aug 31, 2010 8:11pm Aug 31, 2010 8:11pm
EU Long Initated:

This is to be a very short duration trade, only up the the euro session and maybe a bit into it. The idea here is that EU may have more downside today. But first the PPMs will drive the price up again to prepare for the downside move. I am only looking for 20-35 pips here. And the trade is very light because this is a non-approved hours asian session trade, meaning higher risk of just going flat or reversing.

WARNING: Speculation!
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  • #14,350
  • Aug 31, 2010 9:02pm Aug 31, 2010 9:02pm
GU Long Initated:

Same senario as EU above. Nice NVO activity as price edges up.
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  • #14,351
  • Aug 31, 2010 9:04pm Aug 31, 2010 9:04pm
Quoting traderathome
EU Long Initated:

This is to be a very short duration trade, only up the the euro session and maybe a bit into it. The idea here is that EU may have more downside today. But first the PPMs will drive the price up again to prepare for the downside move. I am only looking for 20-35 pips here. And the trade is very light because this is a non-approved hours asian session trade, meaning higher risk of just going flat or reversing.

WARNING: Speculation!
hi, what is the indicator on left top cornner, could you share it? thanks!
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Success is the small sum of efforts, repeated day in and day out.
  • #14,352
  • Edited 10:45pm Aug 31, 2010 9:08pm | Edited 10:45pm
Quoting dhalsim
hi, what is the indicator on left top cornner, could you share it? thanks!
Go to post #12483. It has the initial release of what you are looking at. What you see is an upgrade in process, and might be released in September.
  • #14,353
  • Aug 31, 2010 9:11pm Aug 31, 2010 9:11pm
I believe this may be what you want: Market Panel Display Controller (White).mq4
Hej.
  • #14,354
  • Sep 1, 2010 1:03am Sep 1, 2010 1:03am
Hey Guys,
I am totally new in this thread.
Can somebody please upload the last version you currently use?

Thanks alot.
  • #14,355
  • Edited 1:50am Sep 1, 2010 1:08am | Edited 1:50am
Quoting Mini Trader
Hey Guys,
I am totally new in this thread.
Can somebody please upload the last version you currently use?

Thanks alot.
Read the first dozen posts and download from first post. Then, as you read thru more, you will come across other indys which you may, or may not have an interest in. Everything you need is in the first post. As the attached pic indicates, SonicR requires few indicators. It is based on PA movement about the Dragon (Waves: HLs) for entry, and knowledge of support and resistance areas for exit.
Attached Image (click to enlarge)
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  • #14,356
  • Sep 1, 2010 3:03am Sep 1, 2010 3:03am
Quoting traderathome
EU Long Initated:

This is to be a very short duration trade, only up the the euro session and maybe a bit into it. The idea here is that EU may have more downside today. But first the PPMs will drive the price up again to prepare for the downside move. I am only looking for 20-35 pips here. And the trade is very light because this is a non-approved hours asian session trade, meaning higher risk of just going flat or reversing.

WARNING: Speculation!
EU Long Trade Closed:

TP reached for 40 pips profit.
Attached Image(s) (click to enlarge)
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  • #14,357
  • Sep 1, 2010 3:03am Sep 1, 2010 3:03am
traderathome and Stitch961

thank you, you are so nice.

Dhalsim
Success is the small sum of efforts, repeated day in and day out.
  • #14,358
  • Sep 1, 2010 5:01am Sep 1, 2010 5:01am
Quoting traderathome
EU Long Trade Closed:

TP reached for 40 pips profit.
Good Call!
  • #14,359
  • Edited 9:11am Sep 1, 2010 7:59am | Edited 9:11am
GU Long Trade Closed:

When PA made that dive back below my entry and then started moving up again, it was obvious the PPMs had manipulated the price down to take on longs at lower prices for a better run up.....bet they ran a lot of stops in the process, too!

Anyway, seeing that, I raised my target.

The raised TP has been reached and the trade closed for 100 pips profit.

Some Speculation - While this trade zig zagged on me, EU continued a ferocious climb. And then this reset and drive up on GU, .....all before the last of the US releases today. So, could it be that the PPMs saw the opportunity to pump these again, before the next powerful wave of downward thrusting? Both are in long term down trends, upper left chart down to lower right chart on both Weekly and H4, so the PPMs might be working overtime to find pumping opportunities.....and take advantage of them to build long term short positions by encouraging others to go long and taking out stops on the short positions of others, both of which increase liquidity for their own shorting.
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  • #14,360
  • Sep 1, 2010 9:14am Sep 1, 2010 9:14am
SonicR Method:

Remember this?
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