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Sonic R. System

  • #15,701
  • Edited 2:48am Dec 9, 2010 2:28am | Edited 2:48am
Quoting mauroby
hi TAH,

big volume at the tops?
ready for sell-off?

bye
Yes, a selloff.

I am now waiting for the price to be pumped back up a bit, see how far up the FR study the retrace is. May add to short on retrace. Otherwise, when price comes back down and out of Dragon.....around the 1.5810 area?

That's where it is right now, but the London PPMs could easily reinflate the price for a short while. That's what I am looking for possibly, as well as a SonicR short entry just below the Dragon on a good formed WAVE. I already have my first short entry on this yesterday, at 1.5795.
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  • #15,702
  • Dec 9, 2010 2:44am Dec 9, 2010 2:44am
Order Placed. TP2 is open for now.

I'm still in GU trade by the way. I'll add to my position if I see another short sonic Entry.

Regards,
Basber
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Trading methods are designed to put the odds in our favor, not predicting.
  • #15,703
  • Dec 9, 2010 2:46am Dec 9, 2010 2:46am
Quoting mauroby
hi TAH,

big volume at the tops?
ready for sell-off?

bye
Hi Mauroby,

I noticed that you're trading with a broker that it's spread for GU is 1 pip. Do you trading with 1pipfix (or it's real sponcer) ?

Regards,
Basber
Trading methods are designed to put the odds in our favor, not predicting.
  • #15,704
  • Dec 9, 2010 2:52am Dec 9, 2010 2:52am
[quote=traderathome;4231897]Yes, a selloff.

ok-
i posted few but follow you until 18 months....i hopo i have learned a lot.
sorry for my english
  • #15,705
  • Dec 9, 2010 2:55am Dec 9, 2010 2:55am
Quoting Basber
Hi Mauroby,

I noticed that you're trading with a broker that it's spread for GU is 1 pip. Do you trading with 1pipfix (or it's real sponcer) ?

Regards,
Basber


hi basber, one of the most active and good traders in this tread

my MT4 is UWC trade... spread for cable is usually 1-2 pips

bye
  • #15,706
  • Dec 9, 2010 2:57am Dec 9, 2010 2:57am
Quoting Basber
Order Placed. TP2 is open for now.

I'm still in GU trade by the way. I'll add to my position if I see another short sonic Entry.

Regards,
Basber
Indeed! I too have entered SonicR short on this. Thanks, Basber!
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  • #15,707
  • Dec 9, 2010 3:12am Dec 9, 2010 3:12am
GU:

PA did pull back about FR 50%, but I was hoping for more. Didn't get it. So, I decided to stick with just yesterday's entry. Now if it pulls up again, above this entry, I might add.
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  • #15,708
  • Dec 9, 2010 3:29am Dec 9, 2010 3:29am
Hi:

I'm short on GU since 1,5810...

I'm having doubts for place my TP...

is this good or too ambitious? Where would you place it?

Thanks in advance.

Regards.
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"Being picky only cost your time - not MONEY"...Hans
  • #15,709
  • Dec 9, 2010 3:35am Dec 9, 2010 3:35am
Quoting nando_rich
Hi:

I'm short on GU since 1,5810...

I'm having doubts for place my TP...

is this good or too ambitious? Where would you place it?

Thanks in advance.

Regards.
I myself use Fibbo Expansion, that works fine for me..
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Patience is the key.
  • #15,710
  • Dec 9, 2010 3:36am Dec 9, 2010 3:36am
EU:

The short entry earlier, combined with my ongoing EU short trade, to which I made a number of additions last week, makes my EP average 1.3260 now.

Now it is moving into profit.

I have no SL or TP set at this point. I want to see what PA does thru the session. There is a high impact USD release in just less than 4 hours.
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  • #15,711
  • Dec 9, 2010 3:52am Dec 9, 2010 3:52am
Quoting Basber
Order Placed. TP2 is open for now.

I'm still in GU trade by the way. I'll add to my position if I see another short sonic Entry.

Regards,
Basber
TP1 hit.

TP2 = 1.3040 but I'll trail it with my SL, but I'll give it some space to move.

Regards,
Basber
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Trading methods are designed to put the odds in our favor, not predicting.
  • #15,712
  • Edited 4:17am Dec 9, 2010 3:56am | Edited 4:17am
Quoting nando_rich
Hi:

I'm short on GU since 1,5810...

I'm having doubts for place my TP...

is this good or too ambitious? Where would you place it?

Thanks in advance.

Regards.
The FE study method that Odges uses is exceptioanly good when there is a well defined WAVE to place the FE points on. Another method that works wll when PA has been ranging is the FR study.

Place the FR study so that the top line is the highest you can place it at that finds two or more candle/wicks to align with. Place the bottom line at the lowest level that aligns with two or more candles/wicks. Then the expansion levels provide targets.

In the attached chart you can see the FR 100% level aligns with RgL.

With the FE and the FR studys, you can pretty much handle any situation. But which ever you use, always check to see if the levels you feel are suitable for setting your target(s) also align well with S&R and consolidations of past prices, because they are the most important. Things like FE, FR and pivots are best used as "confirming" tools.

Edit: Added 2nd white chart with FR study on AU range to find target levels.
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  • #15,713
  • Dec 9, 2010 3:56am Dec 9, 2010 3:56am
Quoting traderathome
Here it is.
Thank you Tah. Highly appreciate it.

Thanks.
  • #15,714
  • Dec 9, 2010 4:01am Dec 9, 2010 4:01am
Quoting odges
I myself use Fibbo Expansion, that works fine for me..
Thanks...simple and effective...

i can try it...
"Being picky only cost your time - not MONEY"...Hans
  • #15,715
  • Dec 9, 2010 4:17am Dec 9, 2010 4:17am
Quoting traderathome
The FE study method that Odges uses is exceptioanly good when there is a well defined WAVE to place the FE points on. Another method that works wll when PA has been ranging is the FR study.

Place the FR study so that the top line is the highest you can place it at that finds two or more candle/wicks to align with. Place the bottom line at the lowest level that aligns with two or more candles/wicks. Then the expansion levels provide targets.

In the attached chart you can see the FR 100% level aligns with RgL.

With the FE and the FR studys,...
Thanks too. Great explanation.
"Being picky only cost your time - not MONEY"...Hans
  • #15,716
  • Dec 9, 2010 4:44am Dec 9, 2010 4:44am
Got in this trade a bit late since I was away, will sell more if PA goes higher.
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  • #15,717
  • Dec 9, 2010 5:04am Dec 9, 2010 5:04am
TP1's hit
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Patience is the key.
  • #15,718
  • Dec 9, 2010 5:54am Dec 9, 2010 5:54am
EG:

Entered short on pullback to SonicR short setup EP zone.
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  • #15,719
  • Edited 6:13am Dec 9, 2010 5:54am | Edited 6:13am
Quoting odges
TP1's hit
Are you placing two positions for each trade?

when the TP1 is reached...are you moving your SL initial to BE??

Thanks in advance.

pd: sorry for my english.
"Being picky only cost your time - not MONEY"...Hans
  • #15,720
  • Dec 9, 2010 6:04am Dec 9, 2010 6:04am
Quoting traderathome
EG:

Entered short on pullback to SonicR short setup EP zone.
Cool! I should have placed a limit entry to short. Nevermind, part of the game. What is your TP on your short GU.
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