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Attachments: Sonic R. System
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Sonic R. System

My short setup
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long trade I took today. entry point was a little bit far from the EMA bands, but it turned out good.

EP @ 5546
SL @ 5470
TP @ 5620

+74 pips
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Quoting RonaldinhoKuban
My short setup
Sorry for my 1st Question here. May be a no brainer BUT:
As far as my understanding after studying the whole thread here (yes, it takes a while but it is worth in my eyes):

With AU you should look for a long trigger above dragon, right?
From a plain sonic perspective there is no short trigger here.
Quoting bennyFX
Sorry for my 1st Question here. May be a no brainer BUT:
As far as my understanding after studying the whole thread here (yes, it takes a while but it is worth in my eyes):

With AU you should look for a long trigger above dragon, right?
From a plain sonic perspective there is no short trigger here.
maybe i mistake... will see
Quoting RonaldinhoKuban
maybe i mistake... will see
No mistake. There is a short setup. The question is if the move down is over as a pullback of the last uptrend or not. Will see.
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Follow my trading on Twitter and FB: @pumlitch
Of course AU is trending down.
Maybe you can explain which role the dragon lines are playing?
As far as my understanding, the crossing of the 3 lines to north direction would indicate a long trade.


Quoting Pumlitch
No mistake. There is a short setup. The question is if the move down is over as a pullback of the last uptrend or not. Will see.
Attachment 609530
Quoting bennyFX
Of course AU is trending down.
Maybe you can explain which role the dragon lines are playing?
As far as my understanding, the crossing of the 3 lines to north direction would indicate a long trade.
If a candle close below dragon (3 lines) = part of a short setup (you have to care about waves, trend and so on as well)
vice versa for long.

It is better when the decision candle is a significant one, not just a small tiny micropips candle.

That is how I use it.
Follow my trading on Twitter and FB: @pumlitch
TP hit @ 3422

+45pips


EP @ 3377
SL @ 3330 (moved a stop loss later)
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Quoting Pumlitch
If a candle close below dragon (3 lines) = part of a short setup (you have to care about waves, trend and so on as well)
vice versa for long.

It is better when the decision candle is a significant one, not just a small tiny micropips candle.

That is how I use it.
Ok. thank you for explaining.
I am aware of the fact that waves, trends matter.#

So in your attached chart of AU constantly new LL have been made.
I can see one HL in the end.
Can you please mark your view of the waves in the chart?
Just to be clear on this one.
Quoting bennyFX
Ok. thank you for explaining.
I am aware of the fact that waves, trends matter.#

So in your attached chart of AU constantly new LL have been made.
I can see one HL in the end.
Can you please mark your view of the waves in the chart?
Just to be clear on this one.
NP.
Here is how I see it.
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cheers.
Follow my trading on Twitter and FB: @pumlitch
Ok I see. Thank you.
What I like about this thread:

Knowledge is the only thing which is growing while sharing.



Quoting Pumlitch
NP.
Here is how I see it.
Attachment 609574

cheers.
Quoting ott256
TP hit @ 3422

+45pips


EP @ 3377
SL @ 3330 (moved a stop loss later)
good trade!

Aud go down
TAH,

What Zig Zag Indie do you use or how do you set it to show only 3 legs?

Regards,
Cigarguy
Keep It Simple
very good day
GU 119 pipes thanks for sonic
Quoting cigarguy
TAH,

What Zig Zag Indie do you use or how do you set it to show only 3 legs?

Regards,
Cigarguy
Drawing the lines manually
"Being picky only cost your time - not MONEY"...Hans
Quoting mphpopular
We're on the same page.
And I riding on AU short as well. Just a bit of upset due to UChf move slower than AU for this round.
What I did for my AU. Basically, same concept with Sonic R. Just I have my own method of setting TP.

Money in the pocket

Edit : Close half @ first dotted horizontal line
Close another half @ second dotted horizontal line
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Thanks TAH,
your answer is very useful. On point 3, you're right, i was waiting for PA to get down recent low, but can you explain in more details what do you mean when you said the price had already exhausted its range for the day? Maybe PA was just over its range? what do you use to measure the range? ATR?
Thanks




Quoting traderathome
Andrew, that is a valid WAVE. And the Dragon is angled down. But your EP was wrong.

1. The first candle out of the Dragon after WAVE leg #3 began established the first EP area. Entry here was good for about 50 pips.

2. But before PA ran that 50+ pips, it pulled back above the Dragon. The next candle down out of the Dragon placed an EP area more than 20 pips away from the Dragon. Under such circumstances it would have been best to pass on any trade entry here.

3. Where you entered was not an EP area and you should not have made trade entry...
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Hi:

I couldn't avoid getting into this trade based on the "PUMP & DUMP TAH" method after bouncing off the resistance.


It's not a Sonic Trade.

Finally, profitable day: +32.

regards.
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"Being picky only cost your time - not MONEY"...Hans
Valid Setup in UJ?

Think so.

Entry maybe little to far from Dragon?!
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GU Short
I have a pending order.
Congrats Nando
Its bad to see you sad.
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