Sonic R. System

AU:

Alert ! Price is in the SonicR short setup EP zone.....
I am already in this.

Placed a limit sell order. Hope to enter on pull back.

Hi Kevin,
What are the setings fro MA channal you use?
BR
Sasa

It's the SonicR Dragon & SonicR Trendline, you can dl complete set from post # 15443
http://www.forexfactory.com/showthre...4792&page=1030

Thanks.
sasa

The reason.. I am not so beaRISH...

Sonic

I believe it's good time to wait ...

My GU short ended up closing at break even, with 1/3 position closed with 45 pips profit ... I'll not re-enter till it's out of triangle.

Regards,
Basber

Good Job M8

Sonic

Was this a place to have pending long on 5 min EU?
Sasa

Hi Sasa,

First, there is no wave formation, so it's not a valid entry at all.

Second, it's better to trade M15 if you're a beginner in this method.

Regards,
Basber

Thanks Basber,
Where can I find the wave formation explanations?
BR.
Sasa

Till the 4th version came out, you can have an initial details on post one, third version of sonicR, there's a manual in it.

There you SHOULD start to read the thread from the beginning if you want to earn something with this method.

Regards,
Basber

80 pips profit on this when it closed earlier, per attached pic.

GU:

I had a short on this that closed earlier. I also have another previous short still running. And I have re-entered short per attached pics.

The initial thrust down today was "saved" by the PPMs, but PA was only hiked back up to a Daily Resistance area, where consolidation occurred before they hammered the price back down. In essence, since the London PPMs had their way, The US PPMs hiked it back up, loading up on shorts, and drove it back down.....so they could have their way also!

This is where my short trade was closed earlier. But now price has been hiked again, up to the Trend line. Since the Dragon and Trend are down, and price failed earlier at the Daily Resistance, I have re-entered short.

EJ:

This might be worth stalking. The London session drive down was on heavy, steady volume after an initial very high volume period started the decline. Pretty much this was repeated in the US session. The London traders took it down to Daily Support, then moved it up a bit. Then the US traders knocked it down past that SR, and moved it up a bit.

Now PA is farting around that Daily Support, which is to say the PPMs are using this area to consolidate.....to figure out what the dickens is happening, and prepare for the next move.

The Daily is down trending, and we have a big bearish H4 candle that started this drop today, reasons enough to be bearish now and stalk for a re-entry short, or a new short setup if tomorrow's asian session traders put the pump back on.

Thanks TAH...interestings analysis....

regards.

Nice trade TAH.
Gr8 timing

Sonic

EJ:

Asian session of last day of week....Tokyo not at the table yet, but price has so far been worked up from Daily Support to whole number, about 25 pips climb. This places PA around Trend line, and a bit above the Dragon.

Per previous post on EJ, I am bearish, and so I have risked an early short entry at the whole number. This could go higher once Tokyo or Hong Kong (Beijing) come to the table, and it price gets pumped substantially more, I might add to the short trade.

After a swing up (higher than this, or not), another swing down could set up a fresh SonicR short setup. That's my outlook for this, and it is very speculative.

I am short on EURJPY also, and I just noticed a big marobozu "black" candle which means aggressive selling. It confirms that more movement to the south coming. Lets see how the market decides.

As attached