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Sonic R. System

  • #18,541
  • Mar 21, 2011 8:49pm Mar 21, 2011 8:49pm
Good one TAH.

I think EU will make out the top once the rate hike is announced. By that time PPMs would have done enough damage to the weak shorts. It may retrace a bit today or tomorrow though.
Quoting traderathome
You will see the SonicR Volume indy sometimes on my charts. But I want to experiment with trading just on the candles, Dragon and Trend.

My bias for EU tomorrow and next days? From what I have heard, "investors expect higher interest rates.....blah, blah, blah..." and so since they "expect" them, and since there is talk about how it might eventually happen, I guess it continues to get pumped, pumped and more pumped. But, hey, doesn't this sound like a "the price already has the expected built into it" kind of senario? So, what is to come?...
  • #18,542
  • Edited 9:45pm Mar 21, 2011 9:06pm | Edited 9:45pm
UCad:

Yesterday, in the early asian session, PA was above an S&R area and there looked to be the possibility of a higher low that might also lead to a SonicR long setup. However, PA turned down and continued down right up to the USD High Impact Release hours later. After that, PA has the appearance of consolidation, with an upwards drift.

Now PA is below the S&R area, but has been making its way back up to it and then moving sideways, as though waiting again for the London Larcenists to decide which way to push it. The Weekly looks like a Bull Channel....PPMs coaxing traders to go short, and then the PPMs spring the trap and pump it. The M15 looks like PA might be making a base for a run higher, but that viewpoint is very speculative this early in the day. PA could just as easily turn down at any moment.

If PA does turn up later, we'd have higher HLs and about 66 pips from central pivot to the RgH target. And with all the downside yesterday, on an up move, this could easily go higher than RgH.

About the rapid move down yesterday......much more volume followed the sudden drop than the volume of the drop. This leads to the possibility that the price was forced down rapidly just to obtain lower pricing for PPM buying ahead of a move back up higher later. That "later" could be later today.

Edit: BTW, the 0.9800 whole number is smack dab in the midst of that S&R area. It is not totally unlike PPMs to consolidate just below a whole number ahead of a nice run higher.
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  • #18,543
  • Edited 10:48pm Mar 21, 2011 10:13pm | Edited 10:48pm
UCad:

This is my plan for a SonicR long trade. EP at 0.9790, just a couple of pips above end of candle up out of the Dragon. SL is deep below to help prevent close of trade on a whipsaw before trade gets started. Once the trade is running, I intend to close the gap and posssibly put the SL just below the higher base for a while, then to BE+. TPs are in the vacinity of RgH and also the Daily R2 level. I would not be adverse to closing the trade below, at DR1, if PA doesn't behave right, because that would still be 40+ pips.

Because the Dragon is angled up, and PA at entry (the EP zone) will be above the Trend, this is a qualified SonicR long setup. The worry is the S&R area immediately beyond the EP zone. But the run down yesterday, followed by good volume consolidation with an upwards drift has me thinking all this is preparations precisely for a break back upwards.
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  • #18,544
  • Mar 22, 2011 5:18am Mar 22, 2011 5:18am
Hi Sonicers:

this thread become quite....bring it on
just shorted spot gold as per attached.
Attached Image (click to enlarge)
Click to Enlarge Name: Spot Gold (A1 Contract) (-).png Size: 12 KB
seeing through
  • #18,545
  • Mar 22, 2011 5:38am Mar 22, 2011 5:38am
Quoting pipphunter
Hi Sonicers:

this thread become quite....bring it on
just shorted spot gold as per attached.
me too

enigma4x
enjoy my life ... and ride the waves - all what I do
  • #18,546
  • Mar 22, 2011 5:47am Mar 22, 2011 5:47am
Itchy Finger short.


Sonic
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  • #18,547
  • Edited 6:06am Mar 22, 2011 5:48am | Edited 6:06am
Quoting enigma4x
me too

enigma4x

it poped down... My TP1 will be gap filling, will close half there, and let the rest run.....

good luck...
Attached Image (click to enlarge)
Click to Enlarge Name: Spot Gold (A1 Contract) (-).png Size: 13 KB
seeing through
  • #18,548
  • Mar 22, 2011 5:52am Mar 22, 2011 5:52am
Quoting pipphunter
i let the rest run.....
this is wise..
  • #18,549
  • Mar 22, 2011 5:56am Mar 22, 2011 5:56am
Quoting sonicdeejay
this is wise..

thanks master...keep learning from you.
seeing through
  • #18,550
  • Mar 22, 2011 6:00am Mar 22, 2011 6:00am
Quoting pipphunter
it poped down... My TP1 will be gap filling, will close half there, and let the rest run.....

good luck...
thanks man - good tuck too - my first TP zone is between xx15 and xx09 too.



cheers enigma4x
enjoy my life ... and ride the waves - all what I do
  • #18,551
  • Mar 22, 2011 6:01am Mar 22, 2011 6:01am
Quoting sonicdeejay
Itchy Finger short.


Sonic
great sonic - realy great

my usdjp observation

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enigma4x
enjoy my life ... and ride the waves - all what I do
  • #18,552
  • Mar 22, 2011 6:07am Mar 22, 2011 6:07am
Quoting pipphunter
it poped down... My TP1 will be gap filling, will close half there, and let the rest run.....

good luck...

Gap filled, closed half +55pips, reward/risk 1:1, stop at BE
seeing through
  • #18,553
  • Mar 22, 2011 6:10am Mar 22, 2011 6:10am
Quoting pipphunter
it poped down... My TP1 will be gap filling, will close half there, and let the rest run.....

good luck...
If you have 2 units in, your SL -55 pips and your TP +55 pips when you close the first half the R/R ratio is not 1:1 it's 0.5:1 at the moment .... correct me if I missed something.
"Being picky only cost your time - not MONEY"...Hans
  • #18,554
  • Mar 22, 2011 6:16am Mar 22, 2011 6:16am
Quoting pipphunter
Gap filled, closed half +55pips, reward/risk 1:1, stop at BE
it makes sense if you trade m15.

enigma4x
enjoy my life ... and ride the waves - all what I do
  • #18,555
  • Mar 22, 2011 6:19am Mar 22, 2011 6:19am
Quoting nando_rich
If you have 2 units in, your SL -55 pips and your TP +55 pips when you close the first half the R/R ratio is not 1:1 it's 0.5:1 at the moment .... correct me if I missed something.

to be exact..the 1st position R/R 1:1...the 2nd position R/R unknow...
I always treat every single position individulely.. and access its own trade quality and risk reward factor..
this' mark to market game, reward/risk factor change every second, keep it simple and objective..

regard
seeing through
  • #18,556
  • Edited 7:38am Mar 22, 2011 6:28am | Edited 7:38am
Quoting sonicdeejay
Itchy Finger short.

http://www.forexfactory.com/attachme...1&d=1300798040
Sonic
Master, please explain. IMHO there was H-HH. bias is bulish as well.
I expect DPV used as trampoline to jump above R area
  • #18,557
  • Mar 22, 2011 6:34am Mar 22, 2011 6:34am
Quoting enigma4x
it makes sense if you trade m15.

enigma4x

the reasons for me: there is NO clear down trend in H4.. the PA maybe develop into ranging between 1414 --1434. the fundy has no sign of bearish as well.
seeing through
  • #18,558
  • Mar 22, 2011 6:36am Mar 22, 2011 6:36am
Quoting pipphunter
to be exact..the 1st position R/R 1:1...the 2nd position R/R unknow...
I always treat every single position individulely.. and access its own trade quality and risk reward factor..
this' mark to market game, reward/risk factor change every second, keep it simple and objective..

regard
ie:

Position 1 (1lot) = 10 $ per pip
Position 2 (1lot) = 10 $ per pip

1. Scenario (potential lost = 55pips x $ 10 x 2 = $ -1100)

1st half => TP REACH = +55 Pips = $ 550 (half closed sl BE).
2nd half => SL hit = 0 + pips

r / r = 0.5:1

2. Scenario (potential lost = 55pips x $ 10 x 2 = $ -1100)

1st half => TP REACH = +55 Pips = $ 550 (half closed sl BE).
2nd half => TP hit = +?? pips

r / r = ?/?


3. Scenario (potential lost = 55pips x $ 10 x 2 = $ -110)

All closed => TP REACH = +55 Pips = $ 1100

r / r = 1:1

Regards.
"Being picky only cost your time - not MONEY"...Hans
  • #18,559
  • Mar 22, 2011 6:42am Mar 22, 2011 6:42am
Quoting nando_rich
I'll try with an example to explain what I mean:

ie:

Position 1 (1lot) = 10 $ per pip
Position 2 (1lot) = 10 $ per pip

1. Scenario (potential lost = 55pips x $ 10 x 2 = -110$)

1st half => TP REACH = +55 Pips = 550 $ (half closed sl BE).
2nd half => SL hit = 0 + pips

r / r = 0.5:1

2. Scenario (potential lost = 55pips x $ 10 x 2 = -110$)

1st half => TP REACH = +55 Pips = 550 $ (half closed sl BE).
2nd half => TP hit = +?? pips

r / r = /?

Regards.
totally understood....
my stop hit, 2nd position R/R is ZERO.. this is my money management...simply objective..
there is not official standard of R/R calculation....i pick the way that work best for me...
seeing through
  • #18,560
  • Mar 22, 2011 6:48am Mar 22, 2011 6:48am
Quoting pipphunter
totally understood....
my stop hit, 2nd position R/R is ZERO.. this is my money management...simply objective..
there is not official standard of R/R calculation....i pick the way that work best for me...
Ok man, thank you very much for clarification.

Congratulations by your green pips!
"Being picky only cost your time - not MONEY"...Hans
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