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Sonic R. System

  • #19,901
  • May 3, 2011 10:23am May 3, 2011 10:23am
well, congrats to Hank for BD and the rest for TP1. me too - SL on BE, have even TP2-TP4 left for this night and expecting some bigger move
  • #19,902
  • May 3, 2011 10:32am May 3, 2011 10:32am
Quoting sonicdeejay
Happy Birthday...

http://www.xtremeidiots.com/uploads/...y_birthday.jpg

Sonic
Thank you Sonic You can keep the cake or share with sonickers!
  • #19,903
  • May 3, 2011 11:41am May 3, 2011 11:41am
Nice Cake
"The future is already written in the past"
  • #19,904
  • May 3, 2011 12:49pm May 3, 2011 12:49pm
Amazing Hitrate by our master! Once again.

However I don't have success with the BE + "let it run" trades.
Should have taken profit on DR1.
PA is driving down hard at the moment.
Seems another stopping out at BE. (only some pips away)
At least not loosing $$ but not the first time this is happening to me.

Quoting sonicdeejay
Yea Mate... My Tp1 hit and free trade now...

This week..2 trades so far..

Long EU:: TP1 hit.. closed at BE,,,
Long EU:: TP1 hit..SL @ BE, Trade in progress,,



Sonic
Attached Image (click to enlarge)
Click to Enlarge Name: eu.gif Size: 37 KB
  • #19,905
  • May 3, 2011 12:55pm May 3, 2011 12:55pm
Quoting Mrsaini
Thanks a lot TAH for replying. I will ask my broker again and try to find proper setting. I really love the system but dont wanna use it until i input the proper setting. I have compared my charts with yours and i got the different value for PP and S/R... Thanks once again...
Even with proper settings, the pivot levels can, and usually are, different between different brokers. This is because different brokers have different flows of orders/prices, which effect their OHLC bar data, which effects the pivots calculations. Consider pivot levels as you would S&R leves; as areas rather than exact levels.
  • #19,906
  • May 3, 2011 12:58pm May 3, 2011 12:58pm
Quoting bennyFX
Amazing Hitrate by our master! Once again.

However I don't have success with the BE + "let it run" trades.
Should have taken profit on DR1.
PA is driving down hard at the moment.
Seems another stopping out at BE. (only some pips away)
At least not loosing $$ but not the first time this is happening to me.
well, mine DR1 is at ~1.49.. strange..
  • #19,907
  • May 3, 2011 12:59pm May 3, 2011 12:59pm
Quoting Mrsaini
Hello TAH, Sorry to bother you again. As i am still struggling with the Time Zone setting for SonicR Chart Panel and SonicR TzPivots.
You said you are making a list of brokers for proper setting. May i ask you if you have IBFX in your list. Finally i decided to go with IBFX for charting purpose. If you have the setting please forward it to me.

Thanks a lot in advance..
Perhaps someone here with IBFX will post the proper GMT and DST settings.

Otherwise, if you choose not to follow the instructions in the compile to get these settings, just turn the vLines function off by setting the input to "false".
  • #19,908
  • May 3, 2011 1:02pm May 3, 2011 1:02pm
Quoting HankT
Look at AU and EU... Honestly you only need to master 1 pair than you can add 2nd pair to your trading but I dont see much point in trying to trade everything what moves in early stages of ''learning how to...''

I trade usually 1 pair EU and meet my daily targets easly.
You dont need 100's of pips per day, if you can make 50 or 30 every day you will win in long run.

Good Luck

P.S My BDay today So its party time for me
Happy Birthday, Hank!
Attached Image
  • #19,909
  • May 3, 2011 1:13pm May 3, 2011 1:13pm
Thanks a lot for your help Sir. Now i will start learning the system and try to stick with it as long as i can.
  • #19,910
  • Edited 1:35pm May 3, 2011 1:13pm | Edited 1:35pm
NU:

92 pips profit. Closed at TP2.
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  • #19,911
  • May 3, 2011 4:32pm May 3, 2011 4:32pm
Quoting nando_rich
I opened 2 units...TP1 hit half closed +39 pips bankes TP2 SL@BE+2...rest is a free trade.

Thanks Sonic...you are the boss
2nd unit ...BE+2.

See you tomorrow.
Attached Image (click to enlarge)
Click to Enlarge Name: _03-05-2011_eu2.gif Size: 33 KB
"Being picky only cost your time - not MONEY"...Hans
  • #19,912
  • Edited 5:27pm May 3, 2011 4:52pm | Edited 5:27pm
The trend is clearly upward, but the PA is trapped in the "range box" where does it go?

Tomorrow we'll see...
Attached Image (click to enlarge)
Click to Enlarge Name: box_03-05-2011_eu.gif Size: 26 KB
"Being picky only cost your time - not MONEY"...Hans
  • #19,913
  • May 3, 2011 5:29pm May 3, 2011 5:29pm
Quoting traderathome
NU:

92 pips profit. Closed at TP2.
Good Trade..TAH..

Sonic
  • #19,914
  • May 3, 2011 5:32pm May 3, 2011 5:32pm
Quoting nando_rich
The trend is clearly upward, but the PA is trapped in the "range box" where does it go?

Tomorrow we'll see...

Not sure when but definitely by this week...
NFP on Friday..


Sonic

P.S See attached and see S&R lines..
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  • #19,915
  • May 3, 2011 8:34pm May 3, 2011 8:34pm
EU:

Early session trading is definately bearish. But the real test of bearish will be if the price is taken to the bottom of the range. Then I'd look for a pull back up for a SonicR short entry somewhere after the London Open possibly.

As for my three part trade, if PA makes it to bottom of range, I can get a few pips profit on EP1 and plenty of profit on EP2, both of which I'll likely close there, even though it is above my TP1. That would leave EP3 running, which would probably be the equivalent of a good short entry today if this proceeds as a short with a pull back up.
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  • #19,916
  • May 3, 2011 8:37pm May 3, 2011 8:37pm
Quoting traderathome
EU:

Early session trading is definately bearish. But the real test of bearish will be if the price is taken to the bottom of the range. Then I'd look for a pull back up for a SonicR short entry somewhere after the London Open possibly.

As for my three part trade, if PA makes it to bottom of range, I can get a few pips profit on EP1 and plenty of profit on EP2, both of which I'll likely close there, even though it is above my TP1. That would leave EP3 running, which would probably be the equivalent of a good short entry today if this proceeds...
Am seeing possible stoping vol comng in..

That is awesome man.. We are making $$ money from shorting and longing from the same pair..

It work as we are on the range..

Bravo,
Sonic
  • #19,917
  • May 3, 2011 11:08pm May 3, 2011 11:08pm
UJ;

Entered long. TPs and SL are as shown in the picture. This last low may have ended with "stopping volume". The previous low area seems to have involved a drive down, then high volume, then a drive up. So, this could have been the gathering in of long positions at the previous low, and a quick repeat of that on this last low. Anyway, now to wait and see what happens later at the USD high impact releases.
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  • #19,918
  • May 3, 2011 11:26pm May 3, 2011 11:26pm
Quoting bennyFX
Amazing Hitrate by our master! Once again.

However I don't have success with the BE + "let it run" trades.
Should have taken profit on DR1.
PA is driving down hard at the moment.
Seems another stopping out at BE. (only some pips away)
At least not loosing $$ but not the first time this is happening to me.
This is a good point for discussion, Benny. Do we take early profits, or do we simply bring the SL to BE+ and let the trade run?

It might be a question of if the pair is trending or ranging. In this case, EU has been trending up, but recently has been ranging. When trending up, maybe just moving the SL to BE+ is ok. But if the pair is ranging, that method can cost you the profits at TP1 as the price reverses back towards the opposite side of the range!

I am not sure that I am fully decided on just one method. But in the back of my brain I hear a voice saying that taking quick profits always, might cause me to lose out occasionally on some really spectacular runs, but it will nealy always make me money! That is something to reflect further on!
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  • #19,919
  • May 4, 2011 12:49am May 4, 2011 12:49am
My trade stopped out at BE, after hitting tp1.. Chill mate..

Am looking for new long..

Sonic
  • #19,920
  • May 4, 2011 1:10am May 4, 2011 1:10am
well. looking at current PA I'd say that there are ripples not waves. so here I have question - how big waves has to be to validate entry?
some prefer to wait for at least 30 pips and few hours lenght waves, other entering even on "ripples".
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