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Sonic R. System

  • #16,881
  • Jan 20, 2011 5:33am Jan 20, 2011 5:33am
UChf:

I am already in this long. Since London open, it appears the goal of traders has been to establish another low base for building positions. This has created a higher low.
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  • #16,882
  • Jan 20, 2011 6:09am Jan 20, 2011 6:09am
Quoting traderathome
UChf:

I am already in this long. Since London open, it appears the goal of traders has been to establish another low base for building positions. This has created a higher low.

Hi Sonic . I am new and try to get familiar with your system. May i ask why you went long in the CHF since in the Hourly and Daily the MA 89 is sloping downwards

Thank you
  • #16,883
  • Jan 20, 2011 6:18am Jan 20, 2011 6:18am
Quoting vapors
Hi Sonic . I am new and try to get familiar with your system. May i ask why you went long in the CHF since in the Hourly and Daily the MA 89 is sloping downwards

Thank you
I refer you to the instructions:

http://www.forexfactory.com/showpost...ostcount=16774

And even though not all criteria were satisfied for entry, I believe I explained clearly the reasoning behind the entry in post #16872 of the entry. The attached pic summarizes.

BTW, I am not Sonic. I am just the unpaid, unhired help.
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  • #16,884
  • Jan 20, 2011 7:14am Jan 20, 2011 7:14am
Quoting zz_zhang
shorted A/u @ 1.0017 base on technical setup, fundamatally i believe that the CNY interest raise will hurt the aussie. Tp open at the moment . cant post chart now
trade cls . however, i expect more south movement to come.
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trade safe
  • #16,885
  • Jan 20, 2011 7:16am Jan 20, 2011 7:16am
Quoting traderathome
I refer you to the instructions:

http://www.forexfactory.com/showpost...ostcount=16774

And even though not all criteria were satisfied for entry, I believe I explained clearly the reasoning behind the entry in post #16872 of the entry. The attached pic summarizes.

BTW, I am not Sonic. I am just the unpaid, unhired help.

Sorry about the name. i was affected by your system. Antway thanks for the answer. seems you were right for the eurusd as well. well done
  • #16,886
  • Jan 20, 2011 8:09am Jan 20, 2011 8:09am
Just banked +45pips on UJ thanks to Sonic System setup.
took profit near SR Zone / Range Top
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  • #16,887
  • Jan 20, 2011 8:11am Jan 20, 2011 8:11am
Quoting bennyFX
Just banked +45pips on UJ thanks to Sonic System setup.
took profit near SR Zone / Range Top
bennyFX, could you please post a pic of forming wave BEFORE the trade next time? but anyway...congrats for your pips!
Lose small, WIN BIG..
  • #16,888
  • Jan 20, 2011 8:28am Jan 20, 2011 8:28am
Hey Guys!
Appreciate all your insights, trying to learn.

What went wrong here?

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Thanks
  • #16,889
  • Jan 20, 2011 9:06am Jan 20, 2011 9:06am
Quoting Gobbe
Hey Guys!
Appreciate all your insights, trying to learn.

What went wrong here?

Attachment

Thanks
It was outside the permitted hours. Your sl was too tight for my taste (I like SL of 50-70 pips). A sl above hight would have saved your trade. But this can not be known till after the fact.

Anyway it is part of the game. Sometimes everything is okay and trade becomes a loss.

Regards.
"Being picky only cost your time - not MONEY"...Hans
  • #16,890
  • Jan 20, 2011 9:10am Jan 20, 2011 9:10am
Quoting traderathome
UChf:

Made SonicR long entry here.

On M15 you can see the WAVEs, which also has a most favorable PA appearance on H4. After price popped out of the Dragon, it went into consolidation, the lower part of which is wherer my EP is.

On H4 you can see the quick drive down, and back up...the WAVEs, from a SR area (blue line). There is another plausible SR area within the daily range (red line), which is where my TP is.

This is in a down trend. This is a counter-trend play....for the time being. PA could be rejected at the upper SR area, or it could...
73 pips profit on this SonicR long trade just closed per attached.
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  • #16,891
  • Jan 20, 2011 9:17am Jan 20, 2011 9:17am
EU:

Already in this short, but posting again to alert to the nice setup. WAVE. Dragon down. EP will be below Trend, DVP and half number, all nicely bunched up in the same place! And, since PA has been held high for quite some time (big money building big positions?), the run down could become substantial.

Worth watching.
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  • #16,892
  • Jan 20, 2011 9:17am Jan 20, 2011 9:17am
gbpusd short trade TP hit.

ep 5948
sl 6004
tp 5902

+46 pips.
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  • #16,893
  • Jan 20, 2011 9:27am Jan 20, 2011 9:27am
It is not that this trade went completely against you.
You have to learn how to "work" your trades.
for example:
You could have moved StopLoss after second drop.
At least secure your break even.
Or sell half position. Don't get gready


Quoting Gobbe
Hey Guys!
Appreciate all your insights, trying to learn.

What went wrong here?

Attachment

Thanks
  • #16,894
  • Jan 20, 2011 9:34am Jan 20, 2011 9:34am
GJ:

Here is one for the watchlist.

H4 shows yesterday PA broke a trend line, and today has retested that trend line and is moving down.

M15 shows we do not yet have a setup. But you might cosider this worth watching simply because the fall back down could be substantial, due to the 700 pip run up this just completed.
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  • #16,895
  • Jan 20, 2011 9:35am Jan 20, 2011 9:35am
Quoting traderathome
EU:

Already in this short, but posting again to alert to the nice setup. WAVE. Dragon down. EP will be below Trend, DVP and half number, all nicely bunched up in the same place! And, since PA has been held high for quite some time (big money building big positions?), the run down could become substantial.

Worth watching.
I hope you are right and that the PA approach a little my old EP.
"Being picky only cost your time - not MONEY"...Hans
  • #16,896
  • Edited 10:31am Jan 20, 2011 9:51am | Edited 10:31am
Quoting Gobbe
Hey Guys!
Appreciate all your insights, trying to learn.

What went wrong here?

Attachment

Thanks
Nothing!

However, like I did, you entered late in the day yesterday. And, as so often happens, the next day the asian, euro and US trading concerns...smelling big profits to be made by torpedoing it after high impact releases.....simply drove the price up, up, and up more prior to those releases, all the while building short positions as their price drives up hit SLs on the short positions of other traders, and as they heavily shorted on the downward moves.

That is the danger of trading outside approved hours, especially with high impact releases coming. Your SL is bound to be hit. In such situations, it is best to respect the possible moves preceeding and following high impact releases, either by trading with a very generously placed SL (far, far away), or by not trading until approved hours and possibly not until the release is a done deal! If you don't respect the PPMs ability and willingness to steal your money like this, they will.

The outcome? Now, give it some time to run, .......your short position is now going to make profits for them.

Hey, this is not a happy situation! All Sonicers want all Sonicers to "stick it" to the PPMs! We want US to take THEIR money! So, learn from this experience, please.

Regards,
traderathome
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  • #16,897
  • Jan 20, 2011 10:11am Jan 20, 2011 10:11am
Quoting ott256
gbpusd short trade TP hit.

ep 5948
sl 6004
tp 5902

+46 pips.
Great SonicR short trade, ott256! Congratulations!

Great Wave
Dragon angled down
PA below Trend at EP
You waited for price to break below half number....
Good SL placement just above whole number
Excellent TP placement around lower whole number and within the Daily range
Trade was in best hours

.....How sweet it is!
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  • #16,898
  • Jan 20, 2011 10:23am Jan 20, 2011 10:23am
thanks TAH
  • #16,899
  • Jan 20, 2011 11:33am Jan 20, 2011 11:33am
Euro is preparing to go down? Setup SonicR almost ready
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  • #16,900
  • Jan 20, 2011 12:47pm Jan 20, 2011 12:47pm
Quoting nando_rich
It was outside the permitted hours. Your sl was too tight for my taste (I like SL of 50-70 pips). A sl above hight would have saved your trade. But this can not be known till after the fact.

Anyway it is part of the game. Sometimes everything is okay and trade becomes a loss.

Regards.
Thanks for the advice.
BennyFX and Traderathome: Appreciate it.

Will keep working and sharing with all of you!
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