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Sonic R. System

  • #15,341
  • Nov 29, 2010 8:29am Nov 29, 2010 8:29am
160 pips profit on this SonicR short, per attached.
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  • #15,342
  • Edited 9:08am Nov 29, 2010 8:38am | Edited 9:08am
Quoting traderathome
160 pips profit on this SonicR short, per attached.
Nice trade.
"speak softly, and carry a big stick" Teddy Roosevelt
  • #15,343
  • Nov 29, 2010 9:02am Nov 29, 2010 9:02am
The EurUsd just hit the third support. I'm long.
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"speak softly, and carry a big stick" Teddy Roosevelt
  • #15,344
  • Nov 29, 2010 9:11am Nov 29, 2010 9:11am
Quoting nando_rich
Hi:

I'm short on GU.

A pinbar is forming on h4 chart + sonicR setup on 15m + vol activity incresing.

we'll see

Regards.
The 1st closed in BE...

Rentry on GU and closed manualy, near of my TP...+35 pips (attached pic)

Total today: 73pips...no bad for the first sonicR day...overall for a ex-scalper like me.
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"Being picky only cost your time - not MONEY"...Hans
  • #15,345
  • Nov 29, 2010 9:46am Nov 29, 2010 9:46am
Up 20 pips, looking for it to hit the tunnel.
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"speak softly, and carry a big stick" Teddy Roosevelt
  • #15,346
  • Nov 29, 2010 10:24am Nov 29, 2010 10:24am
I'm done for the day.

Results :EurUsd Long + 24.3 pips.
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"speak softly, and carry a big stick" Teddy Roosevelt
  • #15,347
  • Edited 12:53pm Nov 29, 2010 12:42pm | Edited 12:53pm
Quoting nando_rich
The 1st closed in BE...

Rentry on GU and closed manualy, near of my TP...+35 pips (attached pic)

Total today: 73pips...no bad for the first sonicR day...overall for a ex-scalper like me.
GU:

I initiated a short on this after nando_rich, and still have it running. Prime hours are over, so that might be it for today, but you never know.
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  • #15,348
  • Nov 29, 2010 12:49pm Nov 29, 2010 12:49pm
Congratulations to Pipstert2 and all who had good SonicR trading today! The first day of the week is usually something to avoid, and not a good day for a starter with this method, like Nando_rich, but he did well, didin't he? .....73 pips!
  • #15,349
  • Nov 29, 2010 12:52pm Nov 29, 2010 12:52pm
Survived the "pump" to collect 80 pips on EJ. My stop was just outside the high.
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  • #15,350
  • Nov 29, 2010 12:58pm Nov 29, 2010 12:58pm
Quoting traderathome
Congratulations to Pipstert2 and all who had good SonicR trading today! The first day of the week is usually something to avoid, and not a good day for a starter with this method, like Nando_rich, but he did well, didin't he? .....73 pips!
TY!
"speak softly, and carry a big stick" Teddy Roosevelt
  • #15,351
  • Nov 29, 2010 2:11pm Nov 29, 2010 2:11pm
Quoting pipstert2
Missed a nice long trade on AU this morning.
Based on Weekly PA, Bears might now have the upper hand. And overall, there has been good moves towards "dollar strength" in the market now. We may be heading for a "dollar in the sunshine in the winter" period.

Based on M15, we could see a run up again to the upper TL and then a move down, which might produce a SonicR short setup next session. Highly speculative at this point, however.
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  • #15,352
  • Edited 3:12pm Nov 29, 2010 2:34pm | Edited 3:12pm
GU Short Update:

The bid line on M30 shows PA is at previous S, now turned R. And the current move up is on waning trading. I have placed an order to add at 1.5575. Yes, the asian/early euro activity tomorrow might bounce this around, overall pumping it higher....maybe back to the upper whole number where this trade started. But maybe not. And on that chance, I am venturing to add, since the Weekly looks increasingly bearish.

Edit: Updated M30. Added at 1.5575, so avg EP is now 1.5585. Lowered TP.
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  • #15,353
  • Nov 29, 2010 5:02pm Nov 29, 2010 5:02pm
Quoting traderathome
Congratulations to Pipstert2 and all who had good SonicR trading today! The first day of the week is usually something to avoid, and not a good day for a starter with this method, like Nando_rich, but he did well, didin't he? .....73 pips!
Thanks...
"Being picky only cost your time - not MONEY"...Hans
  • #15,354
  • Nov 29, 2010 5:06pm Nov 29, 2010 5:06pm
Quoting traderathome
GU:

I initiated a short on this after nando_rich, and still have it running. Prime hours are over, so that might be it for today, but you never know.
Why did you place your TP here?? I'm trying FE and anothers tecnicals motitves, but i can't see it.

What are the blue ma's? Don't you use the tunel dragon anymore??

Thanks in advance.

(sorry for my bad english)
"Being picky only cost your time - not MONEY"...Hans
  • #15,355
  • Nov 29, 2010 7:01pm Nov 29, 2010 7:01pm
Quoting nando_rich
Why did you place your TP here?? I'm trying FE and anothers tecnicals motitves, but i can't see it.

What are the blue ma's? Don't you use the tunel dragon anymore??

Thanks in advance.

(sorry for my bad english)
The "blue ma's" are just a 34 ema line, customized like the Trend line is customized. I sometimes use it as an alternative to the Dragon because it makes the chart less cluttered with lines, and for me anyway, it seems to make the PA stand out better. It is just an alternative which I refer to as the Trigger line. I do switch back and forth.

Regarding the TP setting, due to the drop last week I found it best to go to the Day chart and hunt for a likely level within 200 pips. Attached is a Daily chart with the TP level as a blue line, and the hits on it marked with red lines. You can also see from this Daily chart how the Trigger line makes it less cluttered than would the Dragon.
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  • #15,356
  • Nov 29, 2010 8:05pm Nov 29, 2010 8:05pm
Quoting traderathome
Yep.

Frankfurt executed the pump....high trading at the highs around the whole number. Looks like the Dump may now be in progress.

Added again to short, so avg EP is now 1.3269.

Hello Everyone i have been following this forum for a few days now and i just want to say the method here is highly effective and very simple and i appreciate everything that you guys are doing. Nonetheless i have a question for Tradeathome regarding the eur/jpy short trade you took last night.......what made you held your short position even after a few candles closes above the dragon and the QQE was above 50....in other words it showed all the signs of a buy?
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  • #15,357
  • Edited 9:28pm Nov 29, 2010 9:08pm | Edited 9:28pm
Quoting row
Hello Everyone i have been following this forum for a few days now and i just want to say the method here is highly effective and very simple and i appreciate everything that you guys are doing. Nonetheless i have a question for Tradeathome regarding the eur/jpy short trade you took last night.......what made you held your short position even after a few candles closes above the dragon and the QQE was above 50....in other words it showed all the signs of a buy?
Take a gander at my two charts.....and let me know if I explained it, please.
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  • #15,358
  • Nov 29, 2010 11:06pm Nov 29, 2010 11:06pm
GU Short Trade Update:

Changed TP for the time between now and London Open, just in case we get a sudden (but not real deep) torpedo. If this happens, then it might get a pump with the London session, offering a chance to re-enter high again. We'll see what happens.
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  • #15,359
  • Nov 29, 2010 11:54pm Nov 29, 2010 11:54pm
Quoting traderathome
Take a gander at my two charts.....and let me know if I explained it, please.

In other words its very important to know what direction the pair you are trade is going using a biger time frame. What time frame you found to be most effective?

lookig at this aud/usd would you say its good for a short at this juncture?
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  • #15,360
  • Nov 30, 2010 1:07am Nov 30, 2010 1:07am
Quoting row
In other words its very important to know what direction the pair you are trade is going using a biger time frame. What time frame you found to be most effective?

lookig at this aud/usd would you say its good for a short at this juncture?
From time to time, higher TF charts can give us a reason to form a bullish or bearish view. Look at AU Weekly, and this was posted about 9 posts back. The two candles at the top turned the PA to bearish. There is no single higher TF to focus on. We have to scan them and see if any are giving clues.

For today, I can only guess, since PA is ranging sideways. But my bearish guess would be for a pump up a bit followed by a better run down. But it is pure speculation. Sometimes we have no clues and just have to wait for PA to give us a setup....one way or the other.....if there is to be one at all.
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