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Sonic R. System

  • #17,581
  • Edited 10:07am Feb 16, 2011 12:55am | Edited 10:07am
EU LONG, No SL No TP, if price move to negative end of the day i'll closed the trade.. if positive gonna put sl @ BE

Add 1 : Lower High Form, Putting Sell Stop below Consolidation Area.. Lets See From This Two heroes who will get that GOLD at the end of the day. Same Method, No SL No TP
Add 2 : Sell Stop hit, Closing Buy Entry @ -19 pips.
Add 3 : SL @ BE now.. positif 50 pips.. dunno what tommorow will bring, gotta work in patience.. i open one more sell..
Add 4 : SL Hit.. 90% off my trade closed @ 49.x Pips.
Attached Image(s) (click to enlarge)
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SonY, Gold Is Every Where Gold, but Human Not Gold..
  • #17,582
  • Feb 16, 2011 1:17am Feb 16, 2011 1:17am
Quoting noer1962
EU LONG, No SL No TP, if price move to negative end of the day i'll closed the trade.. if positive gonna put sl @ BE
Looks like good trade at first glance. EURUSD changed trend to long and target might be far away. Lets see how it goes...
  • #17,583
  • Feb 16, 2011 1:28am Feb 16, 2011 1:28am
Quoting noer1962
EU LONG, No SL No TP, if price move to negative end of the day i'll closed the trade.. if positive gonna put sl @ BE
Just be careful...EU is in a PPZ.
Attached Image (click to enlarge)
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"Being picky only cost your time - not MONEY"...Hans
  • #17,584
  • Feb 16, 2011 1:30am Feb 16, 2011 1:30am
Quoting sali
Looks like good trade at first glance. EURUSD changed trend to long and target might be far away. Lets see how it goes...
Quoting nando_rich
Just be careful...EU is in a PPZ.
thanks for respons sali, nando
i dont know its a good trade or not, weekly, daily, hourly, 4H giving me up trend so i go long, when sonicR setup form, if sonicR setup form short may be i go short at the end of the day market will tell her secret.
SonY, Gold Is Every Where Gold, but Human Not Gold..
  • #17,585
  • Feb 16, 2011 1:33am Feb 16, 2011 1:33am
Quoting nando_rich
Anyone thinking in short?
SL hit overnight...-52pips

Regards.
"Being picky only cost your time - not MONEY"...Hans
  • #17,586
  • Feb 16, 2011 3:19am Feb 16, 2011 3:19am
Quoting noer1962
thanks for respons sali, nando
i dont know its a good trade or not, weekly, daily, hourly, 4H giving me up trend so i go long, when sonicR setup form, if sonicR setup form short may be i go short at the end of the day market will tell her secret.
One nice stuff I found recently... Those who use SonicR for longer time should have found that offten market gives false breakouts. Price breaks up, goes for about 5 pips and comes back. I attach a picture which offers a nice filter for sonic breakouts.

PS. In 30 min TF long trade specified above shows that it is true breakout, and really price didn't come back.


good luck in trading.
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  • #17,587
  • Feb 16, 2011 3:36am Feb 16, 2011 3:36am
i´ve decided to go short, becouse i think that all SonicR points are ok (wave, volume, etc.)

SL @ 62% FR
TP @ 162% Fibo
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Lose small, WIN BIG..
  • #17,588
  • Feb 16, 2011 3:37am Feb 16, 2011 3:37am
Quoting sali
One nice stuff I found recently... Those who use SonicR for longer time should have found that offten market gives false breakouts. Price breaks up, goes for about 5 pips and comes back. I attach a picture which offers a nice filter for sonic breakouts.

PS. In 30 min TF long trade specified above shows that it is true breakout, and really price didn't come back.


good luck in trading.
Yes, i agree..i found these divergentions quite helpfull
Lose small, WIN BIG..
  • #17,589
  • Edited 7:56am Feb 16, 2011 3:44am | Edited 7:56am
Quoting sali
One nice stuff I found recently... Those who use SonicR for longer time should have found that offten market gives false breakouts. Price breaks up, goes for about 5 pips and comes back. I attach a picture which offers a nice filter for sonic breakouts.

PS. In 30 min TF long trade specified above shows that it is true breakout, and really price didn't come back.


good luck in trading.
Hai Sally,
great stuff as always , will watch the macd next time..

add 1 : Looks Like @ GU i Put My Self In Trouble..
add 2 : Looks Like @ GU we Have A winner..
add 3 : -100 pips for buy, sell sl @ BE now..
add 4 : 100 pips already @ floating.. Sl @ BE
Attached Image(s) (click to enlarge)
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Click to Enlarge Name: gu-m15-16feb2010.gif Size: 33 KB
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SonY, Gold Is Every Where Gold, but Human Not Gold..
  • #17,590
  • Feb 16, 2011 3:47am Feb 16, 2011 3:47am
Quoting sali
One nice stuff I found recently... Those who use SonicR for longer time should have found that offten market gives false breakouts. Price breaks up, goes for about 5 pips and comes back. I attach a picture which offers a nice filter for sonic breakouts.

PS. In 30 min TF long trade specified above shows that it is true breakout, and really price didn't come back.


good luck in trading.

Good post!!! Thanks.
"Being picky only cost your time - not MONEY"...Hans
  • #17,591
  • Feb 16, 2011 3:56am Feb 16, 2011 3:56am
Nice finding. And guess what I discovered the same some time ago.
You can also look to H1 and H4. The more divergences you find the more "false" the breakout is.

sidenote: this is not part of original SonicR setup but a refinement for myself.

Quoting sali
One nice stuff I found recently... Those who use SonicR for longer time should have found that offten market gives false breakouts. Price breaks up, goes for about 5 pips and comes back. I attach a picture which offers a nice filter for sonic breakouts.

PS. In 30 min TF long trade specified above shows that it is true breakout, and really price didn't come back.


good luck in trading.
  • #17,592
  • Feb 16, 2011 4:07am Feb 16, 2011 4:07am
Quoting traderathome
Reading Volume, With UCad As An Example:
Hi TAH,

I follow and comment your style of trading quite a while and understand most of it by now. I like the style you "read" the PA + volume.

However one thing came to my mind yesterday regarding increasing volume etc. Maybe you have been aware of it before but I just want to be sure:

Every day before London opens there is a signifcant increase in volume.
In my eyes this is sort of trap if we would match this with the according PA.
Why?
The switch between Asian and London session is always under increasing volume. I think this is "by nature" due to the fact that more traders are active on the London session. So we shouldn't think that the FIRST move in London session is backed up by an INCREASING volume. The volume would increase naturally in either way PA up /down, just due to the fact that more and more traders come to the table as Europe is awakening.

Makes sense?
  • #17,593
  • Feb 16, 2011 5:12am Feb 16, 2011 5:12am
Here my short trade on GU today.

+124 pips.

Done today.

Regards.
Attached Image (click to enlarge)
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"Being picky only cost your time - not MONEY"...Hans
  • #17,594
  • Feb 16, 2011 6:10am Feb 16, 2011 6:10am
Ok...I know i said done today....but I'm going to try this one if the PA does a LL.

It's a lower risk trade. 29pips sl.

We'll see.
Attached Image(s) (click to enlarge)
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Click to Enlarge Name: _16-02-2011_ej_1.gif Size: 35 KB
"Being picky only cost your time - not MONEY"...Hans
  • #17,595
  • Feb 16, 2011 7:28am Feb 16, 2011 7:28am
Quoting bennyFX
Hi TAH,

I follow and comment your style of trading quite a while and understand most of it by now. I like the style you "read" the PA + volume.

However one thing came to my mind yesterday regarding increasing volume etc. Maybe you have been aware of it before but I just want to be sure:

Every day before London opens there is a signifcant increase in volume.
In my eyes this is sort of trap if we would match this with the according PA.
Why?
The switch between Asian and London session is always under increasing volume. I think this is "by...
Absolutely, Benny. Often, the first influx of higher relative volume comes with the Frankfurt Open an hour before the London Open. And, you have undoubtedly heard of the "Frankfurt Head Fake", which sometimes occurs....first a move in the false direction, later reversing (which can happen after the London Open). So, it can be a time of mass confusion, what with the volume naturally picking up during this time also.

A "BEST" SonicR setup won't be fooled by all this. But otherwise it is generally good to wait until the London Open is in full swing....things settle down and a clearer and more reliable picture forms. Otherwise, as with trading the asian session, you just have to be quick and willing to accept 15-30 pips and run!
  • #17,596
  • Edited 8:16am Feb 16, 2011 7:51am | Edited 8:16am
Quoting traderathome
GU:

I have added to my short trade on this swing high at 1.6162, making my EP average to be 1.6118. This might go higher, but technically it looks like a logical place to make an addition.
115 pips profit on this SonicR short trade just closed. Correction, 111 pips profit.
Attached Image (click to enlarge)
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  • #17,597
  • Feb 16, 2011 8:00am Feb 16, 2011 8:00am
Nice one! Congrats.

Quoting traderathome
115 pips profit on this SonicR short trade just closed.
  • #17,598
  • Feb 16, 2011 8:02am Feb 16, 2011 8:02am
UJ:

It is starting, Cardinale.
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  • #17,599
  • Feb 16, 2011 8:19am Feb 16, 2011 8:19am
It was a serious whipping..these fews day..
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  • #17,600
  • Feb 16, 2011 8:29am Feb 16, 2011 8:29am
Take a look guys.

Possible AU Short setup (marked between the 2 white vertical lines):
Attached Image (click to enlarge)
Click to Enlarge Name: au3.gif Size: 42 KB
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