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Sonic R. System

  • #17,321
  • Feb 7, 2011 5:18am Feb 7, 2011 5:18am
I'm short on EJ.

We'll see.
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"Being picky only cost your time - not MONEY"...Hans
  • #17,322
  • Feb 7, 2011 5:58am Feb 7, 2011 5:58am
Quoting nando_rich
I'm short on EJ.

We'll see.

+22 pips
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"Being picky only cost your time - not MONEY"...Hans
  • #17,323
  • Feb 7, 2011 6:08am Feb 7, 2011 6:08am
GU:

Now a SonicR short setup. A break down will be a break down at the whole number.....always a good place for good runs to begin.
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  • #17,324
  • Feb 7, 2011 6:16am Feb 7, 2011 6:16am
Quoting nando_rich
Hi:

I've placed a pending sell stop on GU, it's a reentry trade by the rules.

We'll see.
order canceled, enough for me...it's monday.
"Being picky only cost your time - not MONEY"...Hans
  • #17,325
  • Edited 6:52am Feb 7, 2011 6:27am | Edited 6:52am
Quoting nando_rich
+22 pips
Nando_rich, for the rest of us, please explain what tool you used to draw your SL, EP and TP lines (FR, FE...?) and what level settings you used for these three lines, and where you placed the tool.

I ask because just the lines do not make it clear to others what you are doing.

BTW, that was a very nice trade. It was well within the range targets for the day. Simple and sweet. Congratulations.

Thank you,
tah
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  • #17,326
  • Feb 7, 2011 7:19am Feb 7, 2011 7:19am
GU:

If you will permit a bit of speculation, it looks like traders are loading up for a run down.

The WAVE is about as nice as you will ever see; smooth and spaced. The Dragon and Trend are angled down, and PA is below both. PA is consolidating, meaning traders are competing, based on available liquidity, for the right side positions for the next run. All this is being done right in the EP zone!

I don't think a setup gets any better than this. And to top it off, all this is being done right at a whole number area. The short setup sure looks sweet.
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  • #17,327
  • Feb 7, 2011 8:02am Feb 7, 2011 8:02am
EU:

Possible SonicR re-entry here. PPMs yanked the chain upwards to previous S&R area (red line). I suppose for lower cost acquiring of short positions.
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  • #17,328
  • Feb 7, 2011 8:06am Feb 7, 2011 8:06am
EJ:

Same here as for EU, as described above.
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  • #17,329
  • Feb 7, 2011 8:18am Feb 7, 2011 8:18am
UChf:

Here we go again. Another fresh SonicR long setup. I think the reason PA is taking so long to break up out of the range is because PPMs are holding it until they have all the long postions they want. Perhaps liquidity is limitied, especially if everyone sees the trade in the same direction!

If it is long positions they want, and if indeed liquidity is the problem and why this is taking so long, then what? Well, if they want them bad enough, we'll see another spike/drive down to encourage traders to go short. As traders go short (sell), the PPMs will get the liquidity they want and take the long side (buy) of the activity. Afterwards, they'll start the pump/drive up and out the top of the range. Speculative, but the only way PPMs can acquire more long positions if liquidity is dried up and they don't have what they want, and won't let the drive up begin until they do.
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  • #17,330
  • Feb 7, 2011 8:40am Feb 7, 2011 8:40am
I thinking about starting to trade this system over the next few week. I am going to run the simulator for 4 weeks then go live on a micro count. Is the system on the first page the newest version?

Thanks

Adebola
  • #17,331
  • Feb 7, 2011 9:01am Feb 7, 2011 9:01am
AU:

You can easily see the PA/V study reveals that the concentration of trading today has been on downside moves in the early euro and early US sessions. In every case, the highest trading was when PA was at/near highest prices, either starting down, or after price was rescued and put back up again. This is a very clear and very bearish sign.
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  • #17,332
  • Feb 7, 2011 1:58pm Feb 7, 2011 1:58pm
Quoting traderathome
Nando_rich, for the rest of us, please explain what tool you used to draw your SL, EP and TP lines (FR, FE...?) and what level settings you used for these three lines, and where you placed the tool.

I ask because just the lines do not make it clear to others what you are doing.

BTW, that was a very nice trade. It was well within the range targets for the day. Simple and sweet. Congratulations.

Thank you,
tah
Yes you right...

It's FR study 38% SL -38% TP...I do it so for reentry trades sometimes. It works fine.

Regards.
"Being picky only cost your time - not MONEY"...Hans
  • #17,333
  • Feb 7, 2011 4:06pm Feb 7, 2011 4:06pm
Quoting adebola109
I thinking about starting to trade this system over the next few week. I am going to run the simulator for 4 weeks then go live on a micro count. Is the system on the first page the newest version?

Thanks

Adebola
It's recommended for you to read the whole thread before going live .. The bad thing about simulator is you can't change the TF to see the larger and major S&R areas and Trendlines and Fibos. But it's better than nothing. But you surely can't rely on the results, whether it's good or bad. try to catch up with the thread. don't hurry on having the trades on live account. It may take weeks or months to master this method, because it's not just a BS method that based on some indicators, it needs to UNDERSTAND the basics. It need time.

Regards,
Basber
Trading methods are designed to put the odds in our favor, not predicting.
  • #17,334
  • Feb 7, 2011 7:35pm Feb 7, 2011 7:35pm
Hi TAH,

Thanks for the nice explanation on those major pairs all the time. Just wonder whether the pink ZZ lines are drew manually or other handy stuff?

Cheers
Eric

BTW, the Panel setting for MBT is -5, same setting with other EST time zone, thanks.


Quoting traderathome
AU:

You can easily see the PA/V study reveals that the concentration of trading today has been on downside moves in the early euro and early US sessions. In every case, the highest trading was when PA was at/near highest prices, either starting down, or after price was rescued and put back up again. This is a very clear and very bearish sign.
  • #17,335
  • Feb 7, 2011 8:14pm Feb 7, 2011 8:14pm
AUDUSD: on H1 and H4 it's showing a sloppy head and shoulders pattern. Time will tell.
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  • #17,336
  • Feb 7, 2011 10:36pm Feb 7, 2011 10:36pm
Hello Friends,

I am a new trader, and as expected am loosing a lot of money yet I have set up the Sonic charts on MT4. Can any one plz simplify for me how to read these charts and identify Long/Short trades?

Any help will be greatly appreciated.
Fall seven times, stand up Eight! #GGMU
  • #17,337
  • Feb 7, 2011 11:37pm Feb 7, 2011 11:37pm
Quoting mags01
AUDUSD: on H1 and H4 it's showing a sloppy head and shoulders pattern. Time will tell.
weekly chart AU..
plz IGNORE the buy bar, its only on demo price action im learning..
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SonY, Gold Is Every Where Gold, but Human Not Gold..
  • #17,338
  • Feb 8, 2011 12:18am Feb 8, 2011 12:18am
Hi guys, i just want to share with you yesterdays SonicR failures on AUDUSD and GBPUSD...both dragons, trendlines were angled down, highhest volume was on the highgest prices, waves were nice... I´ve even used a bigger SL... but market somehow turned....
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Lose small, WIN BIG..
  • #17,339
  • Feb 8, 2011 12:19am Feb 8, 2011 12:19am
SonicR is about Support & Resistance.

I'm looking for short on EU & EJ.

Nice vol activity for all.
Attached Image(s) (click to enlarge)
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"Being picky only cost your time - not MONEY"...Hans
  • #17,340
  • Edited 2:39am Feb 8, 2011 12:41am | Edited 2:39am
Quoting nando_rich
SonicR is about Support & Resistance.

I'm looking for short on EU & EJ.

Nice vol activity for all.
EJ short

SL HIT - 20 Pips
Attached Image(s) (click to enlarge)
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SonY, Gold Is Every Where Gold, but Human Not Gold..
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