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Sonic R. System

  • #15,561
  • Dec 5, 2010 7:17pm Dec 5, 2010 7:17pm
What pairs do you guys watch? I'm kind of confused, why do you guys use indicators? It seems like this is pretty much a hh, hl strat and you enter based off of that and don't really even use the indicators at all? lol!

Do any of you trade for a living with this strat alone? It seems like it's good enough once you master it to trade it for a living? And are you using pretty much the same indicators? (34 h,l,c moving averages) and I'm really curious.. why teh 34? lol

Thanks
  • #15,562
  • Dec 5, 2010 7:24pm Dec 5, 2010 7:24pm
Quoting traderathome
EJ:

Last TF was very high trading on a good price drop. This is bearish and possibly a clue to what is coming this session. The same with EU and GU, but EJ is the one already in a down trend on M15.

Edit: Added 2nd chart (M30). I am in this short from last week and now my 100 pip profit target is within the average range. There are no significant releases this session, so PA might not be volatile. Nevertheless, there is still the chance for some "buyers remorse". The asian session has already shown higher than average volume on a down thrust...
EJ:

High probability price to touch 111.80/112.00 as per attached, current PA
still buy on dips.
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  • #15,563
  • Dec 5, 2010 7:43pm Dec 5, 2010 7:43pm
Quoting kevinchan
EJ:

High probability price to touch 111.80/112.00 as per attached, current PA
still buy on dips.
Kevinchan, you trade on H1, right? EJ is demonstrating lower highs, lower lows. Furthermore, the strongest trading signals/volume has been on down thrusts. Even today that is true. Well, the market will let us know later.
Attached Image(s) (click to enlarge)
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  • #15,564
  • Dec 5, 2010 7:45pm Dec 5, 2010 7:45pm
Quoting traderathome
EG:

Kevinchan might appreciate this one...... (his favorite pair).

Yes, it is before recommended hours, but the PA on this one has already constructed a well spaced out LH. And there was a good thrust down; price dropping on more than twice the average volume. Since it is early in the session, the London traders might pump it back up a bit if they foresee a drop in price coming later. My SL is tentative. If a pump occurs, then I will fix my SL just above whatever high the London traders create. My TP is tentative too. Since there is nothing...
Hi,

I appreciate your input, but here's what I am looking at.
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  • #15,565
  • Dec 5, 2010 7:56pm Dec 5, 2010 7:56pm
Quoting beehivesjoe
What pairs do you guys watch? I'm kind of confused, why do you guys use indicators? It seems like this is pretty much a hh, hl strat and you enter based off of that and don't really even use the indicators at all? lol!

Do any of you trade for a living with this strat alone? It seems like it's good enough once you master it to trade it for a living? And are you using pretty much the same indicators? (34 h,l,c moving averages) and I'm really curious.. why teh 34? lol

Thanks
Beehivesjoe, there is no need to be confused. And if you are curious, I recommend you start at the beginning of this thread and read Sonic's posts. To start, I recommend you have at the minimum the 34ema Tunnel Dragon, the 89ema Trend line and pay attention to the "Approved Hours", particularly the London open and NY open times. A volume indicator (NVO, SonicR Volume, etc.) is good to have in a sub-window to gauge the interest of traders before a breakout of a SonicR setup, something like in the attached pic.

Hope this helps.
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  • #15,566
  • Dec 5, 2010 8:27pm Dec 5, 2010 8:27pm
Quoting kevinchan
Hi,

I appreciate your input, but here's what I am looking at.
Kevinchan, see comments in my sub-windows.
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  • #15,567
  • Dec 5, 2010 10:04pm Dec 5, 2010 10:04pm
EG Short Trade:

I realized my FE was carelessly drawn, and on a proper placement the 100% level is coincident with current PA on the lower TL. So I exited here for 17 pips profit. I am thinking PA might be moved up again somewhat when the euro traders come to the table, which would present a higher re-entry then.
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  • #15,568
  • Dec 6, 2010 2:03am Dec 6, 2010 2:03am
Hello, dear trader,
where i can get your last tpl for SonicR ?
  • #15,569
  • Dec 6, 2010 2:05am Dec 6, 2010 2:05am
Quoting POSTiGA
Hello, dear trader,
where i can get your last tpl for SonicR ?
http://www.forexfactory.com/showpost...ostcount=15443
"Being picky only cost your time - not MONEY"...Hans
  • #15,570
  • Dec 6, 2010 2:09am Dec 6, 2010 2:09am
Hi guys:

I'm short on EU since 1,3333...It's against me yet.

But i think it'll go down today.

We'll see.

Regards.
Attached Image (click to enlarge)
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"Being picky only cost your time - not MONEY"...Hans
  • #15,571
  • Dec 6, 2010 2:13am Dec 6, 2010 2:13am
EG:

Re-entered at original EP, thanks to Frankfurt traders giving it a bit of a pump. Original TP still set. Lowered SL.
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  • #15,572
  • Dec 6, 2010 2:46am Dec 6, 2010 2:46am
Im in gbp/jpy short

Tp- 129.347
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  • #15,573
  • Dec 6, 2010 3:08am Dec 6, 2010 3:08am
Quoting nando_rich
Hi guys:

I'm short on EU since 1,3333...It's against me yet.

But i think it'll go down today.

We'll see.

Regards.
S-H-S formation on EU 15m.

I'm short yet..now in profit and waiting for my TP hit...i'm thinking to close it manually, the day is very slow.

Regards.
Attached Image (click to enlarge)
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"Being picky only cost your time - not MONEY"...Hans
  • #15,574
  • Dec 6, 2010 3:37am Dec 6, 2010 3:37am
EJ Short Trade Closed:

60 pips profit. Look for London/US traders to pump it back up before another run down. If they do, then there will be a re-entry opportunity at a higher price. If not, still a good trade.
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  • #15,575
  • Dec 6, 2010 3:43am Dec 6, 2010 3:43am
EG Short Trade Closed:

Another 17 pips profit. Entered and closed at same points as first trade.
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  • #15,576
  • Dec 6, 2010 4:00am Dec 6, 2010 4:00am
Quoting nando_rich
S-H-S formation on EU 15m.

I'm short yet..now in profit and waiting for my TP hit...i'm thinking to close it manually, the day is very slow.

Regards.
i decided close the trade manually arround RN + ms1.

+40pips.

Regards.
Attached Image (click to enlarge)
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"Being picky only cost your time - not MONEY"...Hans
  • #15,577
  • Dec 6, 2010 4:11am Dec 6, 2010 4:11am
AU Short Trade Initated:

Per attached chart.
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  • #15,578
  • Dec 6, 2010 5:06am Dec 6, 2010 5:06am

Profit 73 points, closed position near 127%, at a slow market not even very bad
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  • #15,579
  • Dec 6, 2010 5:34am Dec 6, 2010 5:34am
Quoting Eynshteyn

Profit 73 points, closed position near 127%, at a slow market not even very bad
73 pips! YeeHaw! And you don't even have the training wheels off the tricycle yet!

That is the kind of trade that makes you happy......and Sonicdeejay proud!

Congratulations, Eynshteyn, on a beautiful trade!
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  • #15,580
  • Dec 6, 2010 6:14am Dec 6, 2010 6:14am
EU Short Trade:

Added to my trade from last week. Average EP now 1.3214, but it may be a day more or so before this becomes profitable.
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