Sonic R. System | Page 849 | Forex Factory

Options

Go to
Permalinks
Print Thread

Similar Threads

Sonic R.evolution 95 replies

The System Behind the System, by Merlin Jeffries 16 replies

Old School Sonic System + Other Things 11 replies

Knife system, Vegas 4h system related questions. 4 replies

Would you trade this system? New system #2. 10 replies

Attachments: Sonic R. System
Exit Attachments

Sonic R. System

  • #16,961
  • Edited 8:53pm Jan 23, 2011 8:32pm | Edited 8:53pm
Quoting kevinchan
EUR/AUD. As attached.
Cheers for King Pipper!

And well earned they are, kevinchan! Congratulation on a good trade and your patience to carry it thru!

Edit: I have been thinking that readers will have a hard time finding the post(s) where the entries were made. Usually, I go back to my entry post, and click on the "Quote" button to post the closing of the trade. That way, readers automatically have the go-back link to see what the chart/PA/setup looked like at the time. If you don't do it that way, kevinchan, please consider including the numbers of the post(s) involved, as a helping courtesy. What a fantastic trade!
Attached Image (click to enlarge)
Click to Enlarge Name: kceu124.JPG Size: 133 KB
  • #16,962
  • Jan 23, 2011 9:36pm Jan 23, 2011 9:36pm
Quoting traderathome
Cheers for King Pipper!

And well earned they are, kevinchan! Congratulation on a good trade and your patience to carry it thru!

Edit: I have been thinking that readers will have a hard time finding the post(s) where the entries were made. Usually, I go back to my entry post, and click on the "Quote" button to post the closing of the trade. That way, readers automatically have the go-back link to see what the chart/PA/setup looked like at the time. If you don't do it that way, kevinchan, please consider...

sure, I will try to do that.
  • #16,963
  • Jan 23, 2011 9:53pm Jan 23, 2011 9:53pm
Someone posted

Quoting row
I am currently in this one for a short.
http://www.forexfactory.com/showpost...ostcount=16437

and I commented

Quoting kevinchan
I don't know whats your target or stop, but EUR/AUD is a buy, so be careful.

Good luck.
http://www.forexfactory.com/showpost...ostcount=16444

all that was on 5th Jan.

Though I was on the wrong side on that day, I believed trend is up
so I was trading accordingly, with a mental stop, plan and so on...

Patience, I don't have to practice or learn, I am born with it! LoL!
I know a lot of people would get so much excited to exit when they are up
100+ pips because of fear they might lose that or hoping to re-enter.

I have one rule - when I can hold positions in negative 200-300 pips, why
can't I hold positions in positive pips for as long as I think the market can go? No doubt, can exit and re-enter, that may make some extra pips, but
in a long run I have seen it doesn't work out, at least for me.
To each his own.

Hope it helps.
  • #16,964
  • Jan 23, 2011 10:09pm Jan 23, 2011 10:09pm
Quoting traderathome
We will have to see how GU goes from here, of course, but I feel the H&S pattern will turn valid. And we also have a similar pattern for EU, albeit slightly skewed, that I feel will turn valid.
....there goes the old saying....trade what you see, not what you feel or think! 'will turn valid' and 'is valid' are two different statements.

A trader contradicts himself and blames the market, volumes, ppms, news,
fundaments, even obama for his speech and rolls the drum before
the ceremony!

Patience my friend, even if an oppourtunity is lost, there are many out there or the market will present itself with another one, so one has to
take it easy.

The system still hasn't confirmed and everyone has jumped on the bandwagon!
  • #16,965
  • Jan 23, 2011 10:22pm Jan 23, 2011 10:22pm
Quoting kevinchan
....there goes the old saying....trade what you see, not what you feel or think! 'will turn valid' and 'is valid' are two different statements.

A trader contradicts himself and blames the market, volumes, ppms, news,
fundaments, even obama for his speech and rolls the drum before
the ceremony!

Patience my friend, even if an oppourtunity is lost, there are many out there or the market will present itself with another one, so one has to
take it easy.

The system still hasn't confirmed and everyone has jumped on the bandwagon!
All true, kevinchan. However, you asked if the GU H&S pattern was NOW valid, since the RS had achieved two candles. What is the answer...yes, no? We know how that works. Soon as we say "this" or "that", PA can suddenly go opposite. So, just like you were down in your trade for a while, you believed in it....you felt it would validate. So, you stuck with it.

There are two considerations at work; what PA is doing, and what we believe it will be doing. Of course, SonicR is based on what PA is doing. But once in a trade, one cannot ignore the second consideration....what we feel PA will be doing.....even though it might have made a turn against us after entry.

There is a certain art to trading, because trading only on what PA is doing can cause a trader to exit prematurely. "Feelings" can be overrated, but they should not be underestimated, either. The question becomes "Is a trader experienced enough so that their feelings have merit?". I think you are.
  • #16,966
  • Jan 23, 2011 11:05pm Jan 23, 2011 11:05pm
Quoting traderathome
All true, kevinchan. However, you asked if the GU H&S pattern was NOW valid, since the RS had achieved two candles. What is the answer...yes, no? We know how that works. Soon as we say "this" or "that", PA can suddenly go opposite. So, just like you were down in your trade for a while, you believed in it....you felt it would validate. So, you stuck with it.

There are two considerations at work; what PA is doing, and what we believe it will be doing. Of course, SonicR is based on what PA is doing. But once in a trade, one cannot ignore the...
Ofcourse, I know GU H&S pattern is sill not confirmed, I din't ask,
it was a rhetorical question. Yes, chances are good the pattern may be
confirmed but I prefer to be on sidelines for this week.

I am Long EUR/GBP from Jan13 at 0.8323, already up nearly 200+ pips,
I am in win/win situation, so nothing to worry!
Attached Image(s) (click to enlarge)
Click to Enlarge Name: kceg124.JPG Size: 103 KB
Click to Enlarge Name: kceg124res.JPG Size: 22 KB
  • #16,967
  • Jan 23, 2011 11:41pm Jan 23, 2011 11:41pm
Quoting kevinchan
EUR/AUD. As attached.

Great trade Kavin!.

could you please explain more how did you manage the trade? during the pull back on 14th to 19th/Jan, what reasons make you hold on the trade? what PA would triger your plan to exit half or all positions? thanks
seeing through
  • #16,968
  • Jan 24, 2011 2:20am Jan 24, 2011 2:20am
I Guess that the sonickers have seen that perfect sonic setup.
Attached Image (click to enlarge)
Click to Enlarge Name: _24-01-2011_gu_1.gif Size: 34 KB
"Being picky only cost your time - not MONEY"...Hans
  • #16,969
  • Jan 24, 2011 2:30am Jan 24, 2011 2:30am
EU:

Traders preparing for a modest move up? FE study legs 1 and 2 are the WAVE legs 1 and 2. You can see good starting volume at leg 1, and good pullback volume near bottom of leg 2. The FE 100% level is near the next higher whole number, and within the day range.

The chart is preliminary because leg 2 might not be finished.
Attached Image (click to enlarge)
Click to Enlarge Name: # 222.gif Size: 32 KB
  • #16,970
  • Jan 24, 2011 2:30am Jan 24, 2011 2:30am
Quoting nando_rich
I Guess that the sonickers have seen that perfect sonic setup.
the first leg is for asian session so maybe PPms of London session will push the price to go up to take new position for sell so maybe will reach ur stop loss thats my thinking...
  • #16,971
  • Jan 24, 2011 2:34am Jan 24, 2011 2:34am
Hello, I wonder on which page I get a manual to understand more of the system? What does each point of the graph?
  • #16,972
  • Jan 24, 2011 2:48am Jan 24, 2011 2:48am
Quoting am_abdeslam
the first leg is for asian session so maybe PPms of London session will push the price to go up to take new position for sell so maybe will reach ur stop loss thats my thinking...
Inclined to agree. PA made FR 50% retrace with high volume kicking in at bottom (half number area).....gonna make money on longs pumping it up to their shorting grounds is a possibility. Still early in the London session. Needs more time to play out and reveal.
Attached Image (click to enlarge)
Click to Enlarge Name: # 223.gif Size: 36 KB
  • #16,973
  • Jan 24, 2011 3:04am Jan 24, 2011 3:04am
Quoting am_abdeslam
the first leg is for asian session so maybe PPms of London session will push the price to go up to take new position for sell so maybe will reach ur stop loss thats my thinking...
Quoting traderathome
Inclined to agree. PA made FR 50% retrace with high volume kicking in at bottom (half number area).....gonna make money on longs pumping it up to their shorting grounds is a possibility. Still early in the London session. Needs more time to play out and reveal.
You were right.

Thanks.
"Being picky only cost your time - not MONEY"...Hans
  • #16,974
  • Jan 24, 2011 3:24am Jan 24, 2011 3:24am
Quoting nando_rich
I Guess that the sonickers have seen that perfect sonic setup.
Now the 3 legs are in the london sesion.
Attached Image (click to enlarge)
Click to Enlarge Name: _24-01-2011_gu_1.gif Size: 34 KB
"Being picky only cost your time - not MONEY"...Hans
  • #16,975
  • Jan 24, 2011 3:34am Jan 24, 2011 3:34am
Quoting pipphunter
Great trade Kavin!.

could you please explain more how did you manage the trade? during the pull back on 14th to 19th/Jan, what reasons make you hold on the trade? what PA would triger your plan to exit half or all positions? thanks
I see long term trend and trade in that direction from short TF, once the trade picks up, I leave it untouched and take charge from higher TF.

I hold the trade because I believe in it.

I was expecting my trade to hit tp last Friday, but it happened today on market open.

I was expecting Eur to touch 1.3650 last week, and it did today
(high 1.3641....9 pips short of my target).
  • #16,976
  • Edited 4:21am Jan 24, 2011 3:41am | Edited 4:21am
Quoting nando_rich
Now the 3 legs are in the london sesion.
I see what you are looking at. The bothersome thing for me is the larger WAVE with good starting volume and......

......ever since the asian session started today, the price has been getting hammered lower and lower in little cycles. And the volume has been increasing as the price has dropped. So, I can't help but give notice to the idea that it might still be under accumulation. Maybe one last "Hurrah!" upwards this week, as the Professional Price Manipulators send it on to the Happy Hunting Ground (for shorting... ) ?

But, as you point out, we see lower highs and lower lows continuing into the London session. The Dragon is now angled down. And PA is below the Trend line. And on the smaller WAVEs, the volume looks right for a short.

Because we have mixed signals and this has been in a strong up trend. It might just need to be given more time to reveal, even if it means passing on a possible trade for now. I do feel relatively sure of one thing. Even if it does start to drop, it probably won't go far right away. The US PPMs will have something to say about it. There is nothing to keep them from pulling the price right back up for their own shorting advantage before any strong deep run. The other PPMs won't stop them, because they too might then be able to add new shorts up high.

Notice: I am already in this short, at a much lower price. I really don't want to see it go higher.
Attached Image(s) (click to enlarge)
Click to Enlarge Name: _24-01-2011_gu_1.gif Size: 34 KB
Click to Enlarge Name: # 224.gif Size: 36 KB
  • #16,977
  • Jan 24, 2011 4:33am Jan 24, 2011 4:33am
Reentry setup, by the rules on EU.
Attached Image (click to enlarge)
Click to Enlarge Name: _24-01-2011_eu_1.gif Size: 33 KB
"Being picky only cost your time - not MONEY"...Hans
  • #16,978
  • Jan 24, 2011 4:46am Jan 24, 2011 4:46am
1,3562-1,3564 is definitley the MoB for todays PA.
Strong S/R Zone on M15 TF.
If PA can break through I am betting on at least 1,3500 downside potential.

Quoting nando_rich
Reentry setup, by the rules on EU.
  • #16,979
  • Jan 24, 2011 5:09am Jan 24, 2011 5:09am
Quoting bennyFX
1,3562-1,3564 is definitley the MoB for todays PA.
Strong S/R Zone on M15 TF.
If PA can break through I am betting on at least 1,3500 downside potential.
The DPV is aligned with SR from Friday.

EU and GU are perplexing today. They exhibit SonicR for short setups, yet we see highest volume at lowest prices which is consistent with the trends up that these are in.

I guess this is one reason Sonic stays away on Sunday-Mondays, and waits for clearer signals on Tuesday, Wednesday and Thursday.

BTW, nando_rich, how did you "attach" two "quotes" to post #16974? What is the procedure?
Attached Image (click to enlarge)
Click to Enlarge Name: # 225.gif Size: 31 KB
  • #16,980
  • Jan 24, 2011 5:25am Jan 24, 2011 5:25am
GU give flag signal with 3 peaks down
EU give rectangle signal with 3 peaks down
sorry for snokers speed of my mobile internet is quite low so cant download pictures for these signals
27 traders viewing now