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Sonic R. System

  • #15,401
  • Nov 30, 2010 3:37pm Nov 30, 2010 3:37pm
Quoting traderathome
For mtbf40 and nando_rich:

The SonicR MACD is just a normal macd, but to which I have added some useful features....
ok - thanks
  • #15,402
  • Nov 30, 2010 3:46pm Nov 30, 2010 3:46pm
Quoting Basber
LOL ! have some patience, I'd loss few months with this method ... Work on you weaknesses and grow your strenght ...

Most traders think making money are their main task, but's it's not. I believe traders have two tasks :
1) trying to be a better trader
2) staying in this business
There are a lot of discussion behind two tasks above, but believe me or not, making money is a result, not a task. Focusing on those tasks will make you money, sooner or later

Regards,
Basber
THANKS!!!! I'll DO THAT!!!
"speak softly, and carry a big stick" Teddy Roosevelt
  • #15,403
  • Nov 30, 2010 4:57pm Nov 30, 2010 4:57pm
GU:

Here is some speculation. GU might make an M15 "Double Bottom" because H4 shows it has been dropping for some time now, and it may be "time" for a pump up.

Before PA rises in earnest, I believe the Dragon needs to make another "bottom" also (thin red line). In order for this to happen, PA needs to first come back down (thin black line). But, the asian session might put a zig zag into that downwards move since they might want PA lower before they start the buys which might push it higher again. And if that happens, then the euro session might also drop PA to start the buying at a lower price......this would be the point of the Double Bottom.

From there, PA rises. And this is the move that would provide a SonicR entry, somewhere on the last leg of the WAVE (bold black line).

WARNING: Speculation!
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  • #15,404
  • Nov 30, 2010 4:59pm Nov 30, 2010 4:59pm
Quoting traderathome
For mtbf40 and nando_rich:

The SonicR MACD is just a normal macd, but to which I have added some useful features....
Cool...i'll stay waiting for that indicator...i see very clean for vol. study...

best regards.
"Being picky only cost your time - not MONEY"...Hans
  • #15,405
  • Nov 30, 2010 5:02pm Nov 30, 2010 5:02pm
Quoting traderathome
GU:

Here is some speculation. GU might make an M15...
i love your analisys...i think that you are in another level...

Thanks for share.
"Being picky only cost your time - not MONEY"...Hans
  • #15,406
  • Nov 30, 2010 5:46pm Nov 30, 2010 5:46pm
Quoting traderathome
Folks, I recommend you not only re-read Basber's post, but I heartily recommend you think on it, REFLECT on it for awhile.

And how do you "try to be a better trader"? You must be willing to ponder on your losing trades....why did you enter?.....was it the proper time to enter, or were you too impatient to trade?....what went wrong?....what should you have done at that point that you didn't? These type things and more, you must be willing to rethink. In the end, you will come out with certain "trading flaws" common to most of your losing trades....

Well said Tradeathome......since i have started using your method a few day now i found it very informative and good......one question we all need to ask ourselves are we growing as a trader? what do i need to do to improve?
  • #15,407
  • Nov 30, 2010 6:19pm Nov 30, 2010 6:19pm
GU:

Entered long setup. Well before prime hours. Most likely PA will falter...asian traders doing a minor pump before dump before loading up long (yeah, convoluted thinking).

We'll see what happens. If it does falter, and if I am quick, I might still get a few pips off it.
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  • #15,408
  • Nov 30, 2010 6:38pm Nov 30, 2010 6:38pm
Quoting traderathome
GU:

Entered long setup. Well before prime hours. Most likely PA will falter...asian traders doing a minor pump before dump before loading up long (yeah, convoluted thinking).

We'll see what happens. If it does falter, and if I am quick, I might still get a few pips off it.

I was looking at this set-up but i am still not convinced.....just close my aud/usd short .....thanks again Tradeathome for this method.
  • #15,409
  • Nov 30, 2010 7:10pm Nov 30, 2010 7:10pm
Quoting row
I was looking at this set-up but i am still not convinced.....just close my aud/usd short .....thanks again Tradeathome for this method.
Your thanks go to Sonicdeejay! This is his thread.
  • #15,410
  • Nov 30, 2010 8:25pm Nov 30, 2010 8:25pm
Quoting traderathome
AU Long Trade Update:

The euro and US sessions today quickly drove price down, then as trading remained high, the price more slowly came back up. Therefore, I see each move down nothing more than the PPMs gaining the low ground to exit shorts and go long on the slower moves back up.....preparations for a grander upside move.

Starting in several hours, the first of the asian session tomorrow, and following five hours later, there will be AUD releases....low, high and medium impact releases. If PA is to be pumped up on a grander move, it may be...
AU:

Took advantage of current drive down to add to long trade. Average EP is now 0.9587 and TP remains for now at 0.9700.
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  • #15,411
  • Nov 30, 2010 9:53pm Nov 30, 2010 9:53pm
Any thought on the eur/cad.......long at 1.3340 stop at 1.3250 target 1.3430
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  • #15,412
  • Nov 30, 2010 10:33pm Nov 30, 2010 10:33pm
Quoting row
Any thought on the eur/cad.......long at 1.3340 stop at 1.3250 target 1.3430
No thoughts but that it has a ridiculously high spread, especially considering its average range is no better than most others.
  • #15,413
  • Nov 30, 2010 10:39pm Nov 30, 2010 10:39pm
EU:

A SonicR long setup. But, personally, since it is still well before best hours, I am going to wait and see if there comes a pull back before more upside.
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  • #15,414
  • Nov 30, 2010 10:56pm Nov 30, 2010 10:56pm
Am looking at the audusd .....its looking good for a sell i could be wrong TP at 0.9510
  • #15,415
  • Edited Dec 1, 2010 1:15am Nov 30, 2010 11:29pm | Edited Dec 1, 2010 1:15am
AU:

A SonicR long setup.

Edit: Updated chart....PA breaking out.
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  • #15,416
  • Edited Dec 1, 2010 1:33am Nov 30, 2010 11:46pm | Edited Dec 1, 2010 1:33am
EJ:

One to watch. Last candle above average activity...a stab down and soared back up! That is a sure sign of buying. Note the PA sequence of HLs, too. There is R just below the upper whole number (dark red line) which is something to consider regarding EP once PA starts driving up past the highs of immediately previous candles.

Edit: Updated chart.....just consolidation going on. Still waiting to see what Frankfurt/London moves look like, if any.
Edit: Added 2nd chart. Entered long at 108.91, PA moving up past previous highs out of Dragon, and R area, on higher than average volume.
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  • #15,417
  • Dec 1, 2010 1:35am Dec 1, 2010 1:35am
Hi:

I'm long in EJ....

we'll see.

In profit at the moment...


Regards.
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"Being picky only cost your time - not MONEY"...Hans
  • #15,418
  • Dec 1, 2010 2:06am Dec 1, 2010 2:06am
Quoting traderathome
AU:

Took advantage of current drive down to add to long trade. Average EP is now 0.9587 and TP remains for now at 0.9700.
i've a doubt about your trading method...

Is not average down a dangerous practice when you trade?

Thanks.
"Being picky only cost your time - not MONEY"...Hans
  • #15,419
  • Edited 2:22am Dec 1, 2010 2:11am | Edited 2:22am
Quoting nando_rich
i've a doubt about your trading method...

Is not average down a dangerous practice when you trade?

Thanks.
That is a good question. Averaging "down" can be dangerous, just like trading forex can be dangerous. It is all a gamble. If you are wrong, you lose. If you are right, you profit. We all should realize that at any time price can suddenly move in the opposite direction, and keep going! But, if you still believe in your trade, and if you are right in doing so, then eventually the price will reverse again and come back, and move on as originally expected. And in that case, averaging down adds profits. Personally, I believe in letting a trade have breathing room, and I do not frequently set a SL. But that is just me. And things might be handled differently, depending on if the trade is with the longer trend, or against it. Finally, as I have repeated on this thread, I trade very small relative to account. And I do that so my trades can withstand severe reversals and even let me take advantage of them. This is a money management decision. And everyone needs to decide upon and follow their own money management rules.
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  • #15,420
  • Dec 1, 2010 2:22am Dec 1, 2010 2:22am
Thanks for your reply.

I can see that most of the time you're right, so this is a valid method for you ... but I think for a newbie can be the most direct way to ruin ... LOL.
"Being picky only cost your time - not MONEY"...Hans
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