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Sonic R. System

  • #17,041
  • Jan 25, 2011 2:55pm Jan 25, 2011 2:55pm
UChf:

This did not break up today. But each leg down showed clear signs of sandbagging for the eventual run up. Even this puny PPM effort late in the day clearly shows this intent.....price manipulation down simply to add to a long position. All this sandbagging effort speaks of a good upside move coming, imho, so I still contend this is a good one for your watchlist.

I am now in this long. I removed the SL when I saw what was transpiring, and I have not reset it yet. I should not have pre-set my entry. The Dragon is still angled down and PA is still below the Trend line. I do not know how my entry will compare to a final SonicR long setup EP zone, but I am sure it will be ok. The point is, however, this was a bad....non-SonicR.....move on my part. I did not wait for a proper setup. And I now no longer think my early entry will be of any advantage.
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  • #17,042
  • Jan 25, 2011 3:14pm Jan 25, 2011 3:14pm
Here is my opinion about eurusd long trade,not short trade.

looks like good wave up is on eurusd
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  • #17,043
  • Edited 4:05pm Jan 25, 2011 3:46pm | Edited 4:05pm
Quoting Doncex
Here is my opinion about eurusd long trade,not short trade.

looks like good wave up is on eurusd
i have similiar view with you, just different wave count, still learning thought.. overall, i'm just 2 weeks knowing forex, blindly follow my SonicR master tell me, because i'm still a young kid here
my count based on post #331 from sonic, its attach file pdf about elliot wave, pretty simple the theory..

but like TAH, Sonic, Basber, DD, Rastaman, cfp, and all other teacher here says..

Lets The Market Decide !!


http://img171.imageshack.us/img171/4...oonevahti1.jpg
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SonY, Gold Is Every Where Gold, but Human Not Gold..
  • #17,044
  • Jan 25, 2011 3:53pm Jan 25, 2011 3:53pm
Quoting Doncex
Here is my opinion about eurusd long trade,not short trade.

looks like good wave up is on eurusd
I've shorted this @ 1.3700 in an early entry due to strong resistance & round number & expectation for a retrace. I'll add if a SonicR entry appears. And I'll bring SL to BE ASAP.

Regards,
Basber
Attached Image (click to enlarge)
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Trading methods are designed to put the odds in our favor, not predicting.
  • #17,045
  • Jan 25, 2011 4:01pm Jan 25, 2011 4:01pm
Quoting nando_rich
Hi Basber:

Is this rule absolutely necessary for you to take a trade? I've been doing some backtesting and would lose many good setups.

Regards.
Nope, I just use it as a strong confirmation.

Regards,
Basber
Trading methods are designed to put the odds in our favor, not predicting.
  • #17,046
  • Jan 25, 2011 4:04pm Jan 25, 2011 4:04pm
Quoting Doncex
Here is my opinion about eurusd long trade,not short trade.

looks like good wave up is on eurusd
EU:

Yes, I know it looks bullish. But nothing keeps going higher forever. Look at the H4 chart I have attached. PA is at an important level now, after all the pumping, and pumping, and pumping, and pumping, and pumping, and pumping.....since the VERY STRONG SELLOFF at the start of the year. And now PA has formed a very nice BEAR FLAG......hasn't it!

Also note that the last time PA was in this area, at the end of a week, the next week opened with a gap up. And WHAT followed? A huge SELLOFF followed......a selloff of as much magnitude as this current series of pumps, but in LESS time!

No, I believe the masterful PPMs have been pumping the price ever since the first of the year selloff, acquiring short positions all the way up. And I believe they are eventually going to pull the plug and this pair is going to DIVE! And I think we might be near, or at, that point now, because I don't think even Big Money can afford to pump this much longer....there has to be a shitload of sell orders sitting in this area now. Even Big Money is not likely to try to satisfy those orders just to pump the price another 100-200 pips.

But, it is all speculation. And I really don't care what the next top will be. I am in this short. I see the handwriting on the wall. All I have to do is sit back and wait for the PPMs do their dirty work.....which is inevitable.
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  • #17,047
  • Jan 25, 2011 4:07pm Jan 25, 2011 4:07pm
Quoting kevinchan
Please see attached.
Not sure if the volumes on weekly are for buys or sells. We are not seeing
similar bars on current PA.
I don't use weekly volume analysis, because as long as we are short-term traders due to trading in M15, analysing bars on weekly don't give me any clue. Daily moves is just a noise in weekly bars. So I rarely go over H1 to analyse with volume in SonicR.

BTW, I had taken the GU short on monday (SonicR setup), but I use a wide SL (not very wide, 1.6025) and fortunately it passed it with few pips and hit my both TPs. Didn't expect to hit them both in one day. Very good week for me though

Regards,
Basber
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Trading methods are designed to put the odds in our favor, not predicting.
  • #17,048
  • Jan 25, 2011 4:16pm Jan 25, 2011 4:16pm
Quoting noer1962
i have similiar view with you, just different wave count, still learning thought.. overall, i'm just 2 weeks knowing forex, blindly follow my SonicR master tell me, because i'm still a young kid here
my count based on post #331 from sonic, its attach file pdf about elliot wave, pretty simple the theory..

but like TAH, Sonic, Basber, DD, Rastaman, cfp, and all other teacher here says..

Lets The Market Decide !!


http://img171.imageshack.us/img171/4...oonevahti1.jpg...

Hi Noer,

If you're that new to this business, I strongly recommend you to grasp the main concepts of this business (S&R - Trends - Waves - Fibo and etc.) along with reading this thread to learn this particular method. By grasping it, I don't mean just knowing it, I beliece you should master every basic tools before you attend to use any method, including SonicR. For example, grasping S&R, is not just drawing them as a line. It's about knowing why they work, how they work, with S&R s are more important, which are minor and which are major and what's the difference and etc. There are many great books and journals and forums to read ..

Because we are trading through out our computers, there is a real disconnect between what's causing the moves and what we see. Try to understand (deeply) what is this market build on. How does it work. why does it work. why does this method or many other methods work. How to approach to it as a probablity business. What is a A++ setup and what is a B setup ...

I'm sure you got lot of work to do, and if you don't try to vast your knowledge beyond this thread, you will not succeed, unless you try to figure out everything here, and that's a little hard because there SHOULD be many questions that are already answered around the net.

I'll not wish you to become profitable, I'll wish you try to learn consistantly, money with be the result

Regards,
Basber
Trading methods are designed to put the odds in our favor, not predicting.
  • #17,049
  • Edited 7:50pm Jan 25, 2011 4:36pm | Edited 7:50pm
Quoting Basber
Hi Noer,

If you're that new to this business, I strongly recommend you to grasp the main concepts of this business (S&R - Trends - Waves - Fibo and etc.) along with reading this thread to learn this particular method. By grasping it, I don't mean just knowing it, I beliece you should master every basic tools before you attend to use any method, including SonicR. For example, grasping S&R, is not just drawing them as a line. It's about knowing why they work, how they work, with S&R s are more important, which are minor and which are major and what's...
You're right, actually im feeling afraid right now, i dont wanna be greed, dont wanna be fear, i wanna let my feeling away when im putting the entry.. easy to say, but not easy to do..
overall im afraid of the seven sins.. hope you understand what im trying to say..
thanks for reminding me,
many thanks Master Basber

edit :one thing still annoying me, is PA = Candle Stick ? or Price Movement making H L LH ? or both ? ( if this question already ask from another member of this thread plz dont bother too answer, i'll search the thread )

edit : will find books and journal but not another thread or forum because dont wanna be a "knifes" collector
SonY, Gold Is Every Where Gold, but Human Not Gold..
  • #17,050
  • Jan 25, 2011 4:52pm Jan 25, 2011 4:52pm
Quoting Basber
I've shorted this @ 1.3700 in an early entry due to strong resistance & round number & expectation for a retrace. I'll add if a SonicR entry appears. And I'll bring SL to BE ASAP.

Regards,
Basber
Hi Basber I have a question if you allow me:


1. Do you follow any specific strategy to move your SL to BE? Have you fixed amount of pips?

2. Do you use partial-lots for each trade? if so, how do you admin your trade? 50% in the first S & R zone and 50% for huge profit?

Could you explain a bit about your strategy?

Thanks in advance.
"Being picky only cost your time - not MONEY"...Hans
  • #17,051
  • Jan 25, 2011 8:10pm Jan 25, 2011 8:10pm
EJ:

Wave, EP zone below Trend, Dragon down. PA now consolidating/traders making preparations for a move.
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  • #17,052
  • Edited 9:14pm Jan 25, 2011 8:58pm | Edited 9:14pm
EU:

PA is providing resistance signals that are important becasuse they are at a whole number area. With quite a ways to go before best trading hours, there is time for the Dragon to change angle and for a SonicR short setup to develop with an EP zone below the Trend line.
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  • #17,053
  • Jan 25, 2011 10:03pm Jan 25, 2011 10:03pm
UCad:

As with UChf, this one might start to exhibit upside. Recently PA failed at the upper whole number. PA has fallen back....regrouping....to a local S&R area (blue line). There, PA bounced. And, possibly, a WAVE is forming. PA is above the Trend line. And with time remaining until best hours, the Dragon might angle upwards. We milght get a SonicR long setup.
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  • #17,054
  • Jan 25, 2011 10:04pm Jan 25, 2011 10:04pm
Are GU will be like This ???
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SonY, Gold Is Every Where Gold, but Human Not Gold..
  • #17,055
  • Edited 10:31pm Jan 25, 2011 10:21pm | Edited 10:31pm
Quoting noer1962
Are GU will be like This ???
Considering the Daily chart, I would not be too expectant for big pips if PA makes an upside move. If it does, it might be only to the FR 38% retrace on the move down, which is where support has likely become resistance. But also, PA might just come up a small bit and then make another good move down.

Currently WAVEs are lower H/Ls. Dragon is angled down. PA is below Trend. Unless this all changes, the odds are better for a SonicR short setup.
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  • #17,056
  • Edited 11:13pm Jan 25, 2011 10:37pm | Edited 11:13pm
Quoting traderathome
Considering the Daily chart, I would not be too expectant for big pips if PA makes an upside move. If it does, it might be only to the FR 38% retrace on the move down, which is where support has likely become resistance. But also, PA might just come up a small bit and then make another good move down.

Currently WAVEs are lower H/Ls. Dragon is angled down. PA is below Trend. Unless this all changes, the odds are better for a SonicR short setup.
i see its a H/S pattern, you are the best TAH, thanks !!

Edit : its has the same pattern like before
Quoting nando_rich
A triangle on GU has been broken in 1H chart. The target proyection is in 1,5760.
http://www.forexfactory.com/attachme...1&d=1295946503
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SonY, Gold Is Every Where Gold, but Human Not Gold..
  • #17,057
  • Jan 26, 2011 2:37am Jan 26, 2011 2:37am
eu:

Heavy volume building on bottoms. PA testing 3700 level again. We should see some bigger move today in either direction.
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  • #17,058
  • Jan 26, 2011 2:45am Jan 26, 2011 2:45am
Hi:

I'm short on EJ. Something like this could happen today.

We'll see.
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"Being picky only cost your time - not MONEY"...Hans
  • #17,059
  • Jan 26, 2011 2:49am Jan 26, 2011 2:49am
A sonic setup is forming with volume incresing before the entry trade. If the PA breaks out the Support Line, i could go until the next whole number into of RgL.

Regards.
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"Being picky only cost your time - not MONEY"...Hans
  • #17,060
  • Jan 26, 2011 3:09am Jan 26, 2011 3:09am
Quoting ott256
eu:

Heavy volume building on bottoms. PA testing 3700 level again. We should see some bigger move today in either direction.
The EU is in a consolidation zone inter whole number and DPV. I would expect to break out an PB before attempting a trade. My bet is short but you never know.
Attached Image (click to enlarge)
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"Being picky only cost your time - not MONEY"...Hans
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