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Sonic R. System

  • #20,221
  • May 9, 2011 11:01pm May 9, 2011 11:01pm
Quoting traderathome
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.
UJ:

Entered long. This adds EP2 to the long trade. I have been waiting for some time for this to move up. Today might be the day.
Attached Image (click to enlarge)
Click to Enlarge Name: # may 09, 2011 - 064.gif Size: 25 KB
  • #20,222
  • May 9, 2011 11:21pm May 9, 2011 11:21pm
Quoting traderathome
EU:

26 pips profit on this re-entry just closed. I entered thinking there was a good chance PA might revisit the 1.4300 area. ..... So I've taken profit and will wait and see.
Thanks Sonic, TAH and Sonikers for a great thread.
Trying hard to work out why you guys avoided entering around 1.4360 and "getting caught like fishes in a small pond".
Your insights will be much appreciated.
  • #20,223
  • May 9, 2011 11:43pm May 9, 2011 11:43pm
Quoting Egilp
Thanks Sonic, TAH and Sonikers for a great thread.
Trying hard to work out why you guys avoided entering around 1.4360 and "getting caught like fishes in a small pond".
Your insights will be much appreciated.
The answer to your question is simple. According to the very few and important "rules", trade entries are made in the London session only. Now, was that hard?

I think I was the only one that put in an order to re-enter the short trade if PA pulled up above the half number. I made the order for 1.4360, and really did not expect it to fill. It did. And since then, PA seems to find hard support in the high 1.4320s. I took profit. And I am wondering if the hard support is being caused by a large quantity of orders to buy in that price area, keeping the price from going lower, so far.
  • #20,224
  • May 10, 2011 12:45am May 10, 2011 12:45am
Quoting traderathome
The answer to your question is simple. According to the very few and important "rules", trade entries are made in the London session only. Now, was that hard?
Thanks, Tah. Must admit, did not think about the session, when entering, but rechecked the trade and notice that it was at 0800 GMT. Probably should have waited for 89EMA cross. It is only .02 lot on demo with very small 10 pip tp, but it is still underwater!
Attached Image (click to enlarge)
Click to Enlarge Name: sonic.gif Size: 28 KB
  • #20,225
  • May 10, 2011 12:50am May 10, 2011 12:50am
STopping vol seen..

Release SS to swim in pond long @1.428xx

SL and TP 50..

Sonic
  • #20,226
  • May 10, 2011 1:15am May 10, 2011 1:15am
how do you work with SS ? how fast moving SL to BE and so on ?
  • #20,227
  • May 10, 2011 1:20am May 10, 2011 1:20am
Quoting kimis
how do you work with SS ? how fast moving SL to BE and so on ?
SImple..

Putting my SS TP near 1.433x resistance and SL below yesterday low..

Sonic
  • #20,228
  • May 10, 2011 1:27am May 10, 2011 1:27am
Quoting sonicdeejay
SImple..

Putting my SS TP near 1.433x resistance and SL below yesterday low..

Sonic
thats clear enought from your first post but will you move SL to BE when price will reach 1.4300 or later/earler?
  • #20,229
  • May 10, 2011 1:45am May 10, 2011 1:45am
Quoting kimis
thats clear enought from your first post but will you move SL to BE when price will reach 1.4300 or later/earler?
SS is just single lot entry.. If TP1 hit, I have no other lot to close. So I will rather put SL @ BE or close the position to take profit..


Sonic
  • #20,230
  • May 10, 2011 2:07am May 10, 2011 2:07am
Quoting sonicdeejay
STopping vol seen..

Release SS to swim in pond long @1.428xx

SL and TP 50..

Sonic
How do u know that "STopping vol seen"..
  • #20,231
  • May 10, 2011 2:11am May 10, 2011 2:11am
Quoting sonicdeejay
SS is just single lot entry.. If TP1 hit, I have no other lot to close. So I will rather put SL @ BE or close the position to take profit..


Sonic
1.433x lvl reach..not taking profit, put SL @ BE..
Tp2 will be 1.436xx


Sonic
  • #20,232
  • May 10, 2011 2:20am May 10, 2011 2:20am
Quoting lirongguang
How do u know that "STopping vol seen"..
Pls take alook at EU 15m, when it reach 1.428x level..and post the chart here..

Sonic
  • #20,233
  • May 10, 2011 2:25am May 10, 2011 2:25am
well estimated TP1 - PA came just 1 pip above it
  • #20,234
  • May 10, 2011 2:25am May 10, 2011 2:25am
Quoting sonicdeejay
Pls take alook at EU 15m, when it reach 1.428x level..and post the chart here..

Sonic



there are two red bar,climax bar,right?
  • #20,235
  • May 10, 2011 2:25am May 10, 2011 2:25am
Quoting lirongguang
How do u know that "STopping vol seen"..
I wait it help you.
Attached Image (click to enlarge)
Click to Enlarge Name: _10-05-2011_eu.gif Size: 28 KB
"Being picky only cost your time - not MONEY"...Hans
  • #20,236
  • May 10, 2011 2:29am May 10, 2011 2:29am
Quoting sonicdeejay
Pls take alook at EU 15m, when it reach 1.428x level..and post the chart here..

Sonic
I see.But the PA is low the Dragon.
And the other question ,if EUR can't broke the 1.4280 u look bearish?The start upside now?
  • #20,237
  • May 10, 2011 2:38am May 10, 2011 2:38am
Quoting lirongguang
I see.But the PA is low the Dragon.
And the other question ,if EUR can't broke the 1.4280 u look bearish?The start upside now?
Exactly PA below dragon,. That why SS is never a classic Sonic R..

Remember we have 3 mode of entry..

SS, SoniC R and re-entry..

Sonic
  • #20,238
  • May 10, 2011 2:40am May 10, 2011 2:40am
Quoting sonicdeejay
Exactly PA below dragon,. That why SS is never a classic Sonic R..

Remember we have 3 mode of entry..

SS, SoniC R and re-entry..

Sonic
Maybe SS, could be added to manual.

BTW...58 Traders Viewing This Thread (25 are members)...WE ARE GROWING!!!
"Being picky only cost your time - not MONEY"...Hans
  • #20,239
  • May 10, 2011 2:42am May 10, 2011 2:42am
Quoting sonicdeejay
Exactly PA below dragon,. That why SS is never a classic Sonic R..

Remember we have 3 mode of entry..

SS, SoniC R and re-entry..

Sonic
I am so sorry.SS , what's that mean?
  • #20,240
  • May 10, 2011 2:45am May 10, 2011 2:45am
Quoting nando_rich
I wait it help you.
Your chart is so beautiful and clear.I like that.Thank you for your help.
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