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Sonic R. System

  • #17,521
  • Feb 14, 2011 5:27am Feb 14, 2011 5:27am
Hi Nando,
can you show me your wav analisys?
Thanks

Quoting nando_rich
I'm going to trying that re-entry trade.
  • #17,522
  • Feb 14, 2011 5:34am Feb 14, 2011 5:34am
Quoting andrew1974
Hi Nando,
can you show me your wav analisys?
Thanks
Yes, of course.
Attached Image (click to enlarge)
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"Being picky only cost your time - not MONEY"...Hans
  • #17,523
  • Feb 14, 2011 6:00am Feb 14, 2011 6:00am
Muhammad989 is visiting us. One of the greats in this thread.
"Being picky only cost your time - not MONEY"...Hans
  • #17,524
  • Feb 14, 2011 7:00am Feb 14, 2011 7:00am
Quoting nando_rich
Yes, of course.
TP reached: +29pips.

Done today: +92pips.

Regards.
Attached Image (click to enlarge)
Click to Enlarge Name: positive_14-02-2011_eu_1.gif Size: 31 KB
"Being picky only cost your time - not MONEY"...Hans
  • #17,525
  • Edited 8:44am Feb 14, 2011 7:37am | Edited 8:44am
UCad:

Entered SonicR long. Note that PA has the look of consolidating for a break upwards. I also put in an order 20 pips down, at the bottom of the consolidation range, just in case the US session PPMs spike it down as PPMs sometimes do when looking for extra good pricing on position additions before a run in the opposite direction. As a general comment on the market, there is no USD news until tomorrow. So possibly any good price moves won't happen today.

Edit: There went the spike. My 2nd entry order executed and my lowered EP is 0.9875. SL is mental, so no problem with the spike down. It won't come into play unless I have to leave the computer. But I have moved it further down, to just below where it now seems we have confirmation of good support.

Edit: Added 3rd chart (H4) to show analysis. First off, the two red lines represent a Double Bottom. The gray rectangles represent consolidation areas near top and bottom of PA range. If the SonicR long setup turns out a good run, PA should land back in the upper gray rectangle, a 70-100 pip move. Based on the FR study, that could be just the beginning. Over time, PA could move higher and higher with "time out" areas of consolidation on the way up.
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  • #17,526
  • Feb 14, 2011 9:36am Feb 14, 2011 9:36am
Quoting sonicdeejay
Bias: Bearish
Next stop: 1.3425x level
Overhead Resistance: 1.363xx level
sonic, how you do that ?? it exactly @ 1.3425x
Attached Image (click to enlarge)
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SonY, Gold Is Every Where Gold, but Human Not Gold..
  • #17,527
  • Feb 14, 2011 9:43am Feb 14, 2011 9:43am
GU:

Note the price action in the gray rectangle.....a spike up followed by a faster drop back down. It has the look of "position hunting" in the opposite direction of a possible future move (down).

I have been in a short trade on this since last week. After my entry, PA progressed against me by over 200 pips. I did add to the short trade. Currently, I am positive about 100 pips on my averaged entry. And I see now renewed reason for holding out for more downwards movement.

As I stated in my previous post, since the next USD news is not until tomorrow, any good runs might not happen today. And indeed, it looks as if today is being spent consolidating......jockeying for position additions in advance of what tomorrow might bring.
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  • #17,528
  • Feb 14, 2011 9:49am Feb 14, 2011 9:49am
Sonicers wanted to share with you a way to take profits and put the SL very simple and effective I am by testing for some time (backtesting and fowardtesting):

1. SonicR classic setup: SL FR 100% or FR 61.8%. TP FR -61.8%
2. SonicR Re-entry setup: SL 31%. TP -31% (FR extension)

The 31% is not a fibonacci number, I know it. I chose it because 38% was too far and 24% too close, so I found just half was the level that I was needing.

It works incredibly well ... you can test it. The odds are very high.

Adjunct some examples

Note: Even by testing, to make it a rule.

Regards.
Attached Image(s) (click to enlarge)
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"Being picky only cost your time - not MONEY"...Hans
  • #17,529
  • Feb 14, 2011 9:58am Feb 14, 2011 9:58am
Quoting nando_rich

The 31% is not a fibonacci number, I know it. I chose it because 38% was too far and 24% too close, so I found just half was the level that I was needing.
Hi guys.. I have been a silent follower of the thread for a long time. As nando rich mentioned %31 is a good tp level.

And guess what? It is also the fib level.. Let me try to explain why it becomes a fib level. In an uptrend we simply put the 0,00 level to the swing hi and 100,00 level to the swing lo rite? Try putting 23,6 level to the swing high and 100,00 level to the swing low. Now in this case 0,00 level will be upper than the swing high where it is actuallt the -0,31 level when fib is drawn conventioanally..

Cheers
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  • #17,530
  • Feb 14, 2011 10:01am Feb 14, 2011 10:01am
Quoting noer1962
sonic, how you do that ?? it exactly @ 1.3425x

Easy...look the S&R in H4 chart....SonicR is about SUPPORTS AND RESISTANCES....no magic.
Attached Image (click to enlarge)
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"Being picky only cost your time - not MONEY"...Hans
  • #17,531
  • Feb 14, 2011 10:02am Feb 14, 2011 10:02am
Quoting sonicdeejay
Congrats for the positive pips..I had a short like yours 1.364x and I close yesterday @ 1.3527..
This is what I gonna do..if I were you..

I will put my SL to lil above 1.358x area.. to lock my profit...
and TP to 1.341x area..as the circle of your suggest..

Sonic
THANKS SONIC!!!

added on .5 lots more for EU short.
currently +188 pips.
  • #17,532
  • Feb 14, 2011 10:26am Feb 14, 2011 10:26am
Quoting nando_rich
Easy...look the S&R in H4 chart....SonicR is about SUPPORTS AND RESISTANCES....no magic.
you can doit too ?? wow.. i'm the only dumb lamb here
SonY, Gold Is Every Where Gold, but Human Not Gold..
  • #17,533
  • Feb 14, 2011 10:34am Feb 14, 2011 10:34am
Quoting nando_rich
Sonicers wanted to share with you a way to take profits and put the SL very simple and effective...
Thanks Nando, i've been trying to learn more on entries and exits.
  • #17,534
  • Feb 14, 2011 11:14am Feb 14, 2011 11:14am
Quoting noer1962
sonic, how you do that ?? it exactly @ 1.3425x
Simple S&R my friend...
I wont be the curator of the thread for no reason..

Happy pipping...

Sonic
  • #17,535
  • Feb 14, 2011 11:15am Feb 14, 2011 11:15am
Quoting noobguy
THANKS SONIC!!!

added on .5 lots more for EU short.
currently +188 pips.
Suggest move SL @ BE..and move it down slow...

enjoy the ride..
  • #17,536
  • Feb 14, 2011 11:23am Feb 14, 2011 11:23am
EU and GU, and the rest of the week:

You can see similarity of PA with these two. Price breaks support and comes back to test. A way of explaining this PA is that selloffs occurred, and then the prices were worked back up for the next round of selloffs. The selloffs are professional traders getting their short orders executed, which drives the price down. They "rescue" the price, and work it back up to repeat the process.
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  • #17,537
  • Feb 14, 2011 11:48am Feb 14, 2011 11:48am
Quoting sonicdeejay
Suggest move SL @ BE..and move it down slow...

enjoy the ride..
got it boss.


Inserted Video
  • #17,538
  • Feb 14, 2011 3:07pm Feb 14, 2011 3:07pm
Quoting traderathome
UCad:

Entered SonicR long. Note that PA has the look of consolidating for a break upwards. I also put in an order 20 pips down, at the bottom of the consolidation range, just in case the US session PPMs spike it down as PPMs sometimes do when looking for extra good pricing on position additions before a run in the opposite direction. As a general comment on the market, there is no USD news until tomorrow. So possibly any good price moves won't happen today.

Edit: There went the spike. My 2nd entry order executed and my lowered EP is 0.9875....
[IMG]file:///C:/Documents%20and%20Settings/Proprietario/Desktop/my%20trade.gif[/IMG]

Hi TAH
how do you do?
i am with you in this trade
do you think that this great volume signed in my chart with this bear candle is a rejection of possible buyers?

sorry for my poor english

by maurizio
  • #17,539
  • Edited 7:41pm Feb 14, 2011 6:10pm | Edited 7:41pm
Quoting mauroby
[IMG]file:///C:/Documents%20and%20Settings/Proprietario/Desktop/my%20trade.gif[/IMG]

Hi TAH
how do you do?
i am with you in this trade
do you think that this great volume signed in my chart with this bear candle is a rejection of possible buyers?

sorry for my poor english

by maurizio
Maurizio, your chart is not accessible. If you are using MT4, click on MT4's "file" and "save as picture". Then you can go get that picture file using ForexFactory's attachment routine to attach it to your post.

I've attached a picture which highlights with rectangles what I think you are talking about. Price was bought up to the whole number and receded. Did it recede due to sellers making strong resistance there? Or did it the price recede simply because buyers quickly worked the price back down to resume buying at slower pace at lower prices? It might have been a very strong buying drive that stopped at the whole number because the buyer(s) were not willing to pay more yet. I say "yet" because eventually the buyers are going to initiate a drive up to start making profits on the long positions they are currently accumulating.

The previous spike down and back up, all on high relative volume, to me says it all.....buying! So, I view the drive up (in the gray rectangle) as more buying, but with an upper limit for now on the price of the buy orders.

Edit: Added 2nd chart showing the price is currently being moved back down.....not by sellers, but by buyers! And the lower they move it, the more buying is taking place.

Edit: Added 3rd chart showing asian session PPMs, in buying mode, have worked the price back down for better prices as they acquire long positions. This is their last opportunity before USD releases later today. Currently there is not a lot of "traffic", so it is easier now to manipulate the price down than if there was a lot of "traffic".

WARNING: Speculation.
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  • #17,540
  • Edited Feb 15, 2011 3:52am Feb 14, 2011 8:30pm | Edited Feb 15, 2011 3:52am
GU Long..

GO BABY GOO... !!!

Stopped @ BE Nice Drop !! in 1 sec !!
Attached Image(s) (click to enlarge)
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SonY, Gold Is Every Where Gold, but Human Not Gold..
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