Sonic R. System

GJ:

Yes and no. You are looking for waves and this is good and the correct thing to do. But an entry point is not defined by price alone; the element of time, "when" is equally weighted in the definition. Think how the market moves....euro traders make their moves, then US traders make their moves. If you "see" entry ahead of one of these phases, and especially ahead of the time for important market releases (Like a major USD release, even though the pair does not involve USD), you could get hung out to dry. Something like this might better be postponed until a retrace to EP and then another break up (another small WAVE up), because it might retrace to EP and keep going south (a big WAVE down).

Hi, my first image post ever, so don't take too much of my word. keeping a look out for this one, might be coming down?

EU Re-entry Short Opportunity?:

This still looks like it may be. There is consolidation going on, and most is below Dragon. There was a spike/ "swing" up, and it was with high trading.

With ya on the short EU, first TP 1.3600 2nd TP remains to be seen.......

EJ Short Re-entry Opportunity?:

Like EU, maybe so. Looks like range today is already used up, so if this breaks below that, no telling what to expect. If it happens........Could happen tomorrow? Could happen today and run into tomorrow? Prime hours are overwith now.

GU Outlook:

Seems to me that this pair is being staged for a good run down.....

After today, and scanning various pairs, it sure looks like we may be in for a week of "dollar strength" across the pairs in the forex market. And if this happens, it may be just the tip of the ice berg.....it may be the beginning of a trend reversal to a strong dollar for the winter.

Hello, I am short on EU since 1.3699. Now SL to BE (EP). Sended a picture of the dollar index, now on a resistance. EU & GU looks to be on a good support.

Thanks for the pic traderathome, things are getting clearer
Btw what's happened to Sonic and the other guys like Fratelli?
It seems he's not posting here anymore, is he still trading this system?

Some months back, sonicdeejay stated demands on him at work were increased. He is a project engineer, I think. Anyway, since then his posts have been infrequent and without any regularity. I have several times, and again just now, PM'd and emailed him about this....requesting that he not allow so much time to go by between posts. That is all I can do.

The SonicR method is superb, and already sonicdeejay has contributed so much to his thread that anything more would just be repeated experiences. So, if he is taking a break from some things, including this thread, he is entitled!

We are all benefactors of what sonicdeejay created, with or without his ongoing presence. But I have let him know how much we enjoy and miss his posts.

Hi folks,

I have been working several months now on new indicators. I believe the last coding obstacle may have just been overcome. I am continuing to test, where problems existed, and have started cleaning up and organizing for release. But first, my intent is to send all to sonicdeejay for his approval/comments.

This could still take some time, so while things are underway I am thinking of starting a series of posts discussing each indicator; sort of a piece meal manual, and an opportunity to get some advance feedback from you all. Some of the indicators may have unnecessay items. And if there is concurrence, such items could be removed before release and thereby help to keep things simple. On the otherhand, some of you may have good ideas which could be included before release. If nothing else, the posts will give you all a good idea of what is coming.

So, as an experiment, I am thinking to make a post on the first indicator, and see what happens before continuing.

Sincerely,
TAH

gbp/usd hit stoploss -20 pips

Hello, EU short TP1 hit (+49 pips). Now trade closed

hi, put my short order on usd/chf per attached chart.let's see what happens.comments are welcome

Hello, I think USDCHF is extended and on a strong support (0.9700). We are on historical levels (I am swiss).

Hi guys,

Saw this setting up last night so placed an order. I feel it was a bit of a lucky trade since the RBA in Australia left interest rates unchanged today. Trade closed at TP +35.

Cheers,
Tim

TP1 hits +40pips, SL@BE

Aud/Usd looks promising for a re-entry setup? Price just went back to the dragon.

took short USDCHF on re-entry, after the news. Historical level or not the chart, looks great !
Edit : moved SL to BE (EP)

There is no such a thing as luck in this business ...

Regards,
Basber

With the Bear Flag on the Daily, more upwards movement has to be on borrowed time. Going towards prime trading hours, PA is relatively flat, which is good, meaning there might be a move brewing. Based on Headlines, in three hours and in 5 hours there comes medium impact releases. Until the first, most likely PA will not make any real move, and maybe not until the next. I mean, why would the market movers prematutely move the price when they can use the time to acquire shorts? Anyhow, currently Pa is edging lower on the Dragon.