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Sonic R. System

  • #18,961
  • Apr 4, 2011 3:45am Apr 4, 2011 3:45am
Quoting traderathome
Increasing volume on WAVE leg2 ...
Just to be 100% sure what leg2 mean as all of as can draw waves different way. is it leg from L to HL for longs and from H to LH for shorts?
  • #18,962
  • Apr 4, 2011 3:58am Apr 4, 2011 3:58am
Quoting kimis
Just to be 100% sure what leg2 mean as all of as can draw waves different way. is it leg from L to HL for longs and from H to LH for shorts?
Wave leg #2 is the middle leg, the leg progressing in the reverse direction from the overall WAVE and possible trade. It is the leg shown in blue in the attached chart (which, BTW, is another possible SonicR short setup).
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  • #18,963
  • Apr 4, 2011 4:17am Apr 4, 2011 4:17am
..Everybody from USA?

Wake up

The market is really slow today, closed 60% at 4195 as shown, the rest has got TP@4180 and SL at BE!

Was the trade management correct?

I'm in the markets since 2009, with fine results, but i've got really low experience in forex trading, so i don't know if i'm doing right or not.
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  • #18,964
  • Apr 4, 2011 4:21am Apr 4, 2011 4:21am
Quoting traderathome
Welcome to the Sonic R System, SteMag.

Give full credit to Sonicdeejay for this thread. It is his. And he is the Master of the method!

Yes, your approach and entry were correct. The "D" in DS1 refers to the fact that the pivots shown are Daily formula pivots, in contrast to Fibonacci formula pivots.

Since you are from Italy, when you hit your first profit target goal, you are encouraged to send the rest of we Sonikers a round of pizzas!

Regards,
-tah
Thanks for the response TAH, i hope to be able to give something to the topic, one day or another.

And for the pizza.. you're welcome, when i was a boy i use to work in a resturant as "pizza and focaccia maker" (now i am 25)

BTW, is this the right approach to the system, or there is something wrong in this chart?
Haven't take this one, i was concentrated on the EU..

I'm sorry if i'm writing too much, i don't mean to spam!
Attached Image (click to enlarge)
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  • #18,965
  • Edited 5:08am Apr 4, 2011 4:26am | Edited 5:08am
I was to late this morning. Is this a valid S-H-S? Anyone took this trade?

EDIT: I see a divergence as well.
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  • #18,966
  • Apr 4, 2011 6:00am Apr 4, 2011 6:00am
Crystal Ball Prediction tell me it gonna swing back to DPV..

Sonic
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  • #18,967
  • Edited 6:38am Apr 4, 2011 6:09am | Edited 6:38am
Quoting sonicdeejay
Crystal Ball Prediction tell me it gonna swing back to DPV..

Sonic
Waiting for COB if this bar closes below emas, right?

[EDIT]

Entered on [email protected] and placed sell order on EU@4207!

BTW somebody know how to get rid of this "Junior Member" tag? My posts are always delayed 'cause of the moderation queue.. maybe i need to do some more posts?
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  • #18,968
  • Apr 4, 2011 6:51am Apr 4, 2011 6:51am
Most probably it's some antispam measure... to avoid flooding with advertising and stuff. I'm sure it will dissapear soon.

Cheers
  • #18,969
  • Apr 4, 2011 7:01am Apr 4, 2011 7:01am
Quoting fahren
Most probably it's some antispam measure... to avoid flooding with advertising and stuff. I'm sure it will dissapear soon.

Cheers
Ok, really thanks, i will try to wait some more!

In the meantime the short is going really bad, luckly i'm using reduced size lots!

Where do i made the mistake? (apart from the early entry on the EJ, but that wasn't the problem)
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  • #18,970
  • Apr 4, 2011 7:04am Apr 4, 2011 7:04am
I'm in the same short on EU.

It happens. At least, if you placed the proper stop you won't lose too much but let's wait and see.

Cheers
  • #18,971
  • Apr 4, 2011 7:16am Apr 4, 2011 7:16am
To me this looks like the perfect day to not play.

It's lazy, annoying and without an obvious movement but we already know Mondays are not the best for this.

Cheers
  • #18,972
  • Apr 4, 2011 7:37am Apr 4, 2011 7:37am
Quoting fahren
I'm in the same short on EU.

It happens. At least, if you placed the proper stop you won't lose too much but let's wait and see.

Cheers
Returned now from the lunch.. ofc stopped on both trade.

Maybe i should re-enter at about 1.4227?
I am really confused about this trade, perhaps yes, monday morning is not the best time to trade, this is right.
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  • #18,973
  • Apr 4, 2011 8:07am Apr 4, 2011 8:07am
There is no sense to try and understand EVERY move of the market. Sonic helps us identify the potential trades but it doesen't state it won't happen otherwise as pointed. That's why he teached us where to put SL, where to put TP etc.

Cheers
  • #18,974
  • Edited 10:30am Apr 4, 2011 8:11am | Edited 10:30am
Quoting sonicdeejay
Crystal Ball Prediction tell me it gonna swing back to DPV..

Sonic
That is the problem with swimming in a small pond...


SL 1 hit.. (May be SL was too tight)

SL 2 intact..


Sonic

P<S W1 bias still slight bullish..even though now I have a small short trade,,
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  • #18,975
  • Edited 10:04am Apr 4, 2011 9:06am | Edited 10:04am
Just shorted the EJ.. hope this will go!

..Is the trade correct?

The EU seems promising too, and i can't understand the GU!

[EDIT]

Closed half position at BE, i don't really like the market today!

[EDIT#2]

Still in with 50% size @ 119.38.. my nerves are in pain today
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  • #18,976
  • Edited 10:32am Apr 4, 2011 10:21am | Edited 10:32am
Quoting sonicdeejay
That is the problem with swimming in a small pond...


SL 1 hit.. (May be SL was too tight)

SL 2 intact..


Sonic

P<S W1 bias still slight bullish..

Mkt looking listless with no fresh news...
Swings and Stop hunts are common in this kind of day..

I leave my trade as it is..let the mkt decides..


Gd Nite..

Sonic
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  • #18,977
  • Apr 4, 2011 10:31am Apr 4, 2011 10:31am
Quoting sonicdeejay
Mkt looking listless with no fresh news...
Swings and Stop hunts are common in this kind of day..

I leave my trade as it is..let the mkt decides..


Gd Nite..

Sonic
Closed 50% of the remaining position at +10pts, i left and let the trade open too.

Goodbye!
  • #18,978
  • Apr 4, 2011 10:35am Apr 4, 2011 10:35am
I guess Mr. Sonic wants to leave the trade open for a good morning surprise). I hope we get it.

Cheers and Gnight
  • #18,979
  • Edited 1:03pm Apr 4, 2011 12:52pm | Edited 1:03pm
UChf:

Item #1 -
Trading increased as the price dropped. Then price was spiked up on also strong trading, which was probably due to strong trading required to spike the price back up so quickly. It has the look of "locking in" some profits ahead of more upside later.

Item #2-
Since PA has been downhill since the highs yesterday, there is no short term WAVE. However, there certainly is a longer term WAVE. And PA is near the EP zone for a SonicR long setup.

Conclusion-
This might be one worth stalking for a break up, anytime between now and into the London session tomorrow.
Attached Image (click to enlarge)
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  • #18,980
  • Apr 4, 2011 1:01pm Apr 4, 2011 1:01pm
EU:

Increasing activity on WAVE leg 2, and PA currently in EP zone/at whole number, signals this one also might be worth stalking for a break down from the whole number area. This could happen anytime between now and into next London session.
Attached Image (click to enlarge)
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