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Sonic R. System

  • #20,361
  • May 11, 2011 12:25pm May 11, 2011 12:25pm
Quoting traderathome
GU:

Currently has a nice WAVE setup for a short. Of course, we don't know until it starts to happen, but look at the increasing volume on Leg#2! If this does go short, it could be a very nice run. Right now it seems price is being held up, maybe to prolong high prices for shorting.
GU:

It did have a nice wave for a short. But the London session kicked it up (trade the London session). Congratulations to all who went long and made pips.

I am still short this pair. And as I look at the chart I cannot help but see the possibility that the entire trip up and back down today was for no other purpose than to close longs and build short positions. We'll see if in coming days a sizeable drop occurs.
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  • #20,362
  • May 11, 2011 12:50pm May 11, 2011 12:50pm
Quoting egkid
Hi
Nice thread
Am i the only one say No 1.50 everybody say 1.50
Position still in play e/u 1.4820 and 1.4730
  • #20,363
  • May 11, 2011 12:54pm May 11, 2011 12:54pm
Quoting traderathome
EU:

97 pips profit on EP1 just closed.
Congratulations!!!

Every time I see the EU droping i'm happy for you ... I hope your old EU trade turn profitable soon

Best regars.
"Being picky only cost your time - not MONEY"...Hans
  • #20,364
  • May 11, 2011 1:20pm May 11, 2011 1:20pm
Quoting p.e.t.r.a.s
Hi nando, very good trade. How did you knew from volume direction of the trade? Or you knew it if you see a resistance area?
What did you see in that volume that you went short?

Thanks for answer Petr.
Well, I did not know anything really ... the trade was interesting for the R: R. Sonic Weekly Bias is short and the PA found resistance.

Regarding the volume. As TAH has said several times here. When we see volume in the the leg 2 it's a strong confirmation for trading. I also saw a green climax bar especting the resistance for me is stopping vol.

Regards.
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"Being picky only cost your time - not MONEY"...Hans
  • #20,365
  • May 11, 2011 1:33pm May 11, 2011 1:33pm
Neck line broken...S-H-S pattern confirmed...

Target 1.371x

What do you think about?
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"Being picky only cost your time - not MONEY"...Hans
  • #20,366
  • Edited 2:19pm May 11, 2011 2:03pm | Edited 2:19pm
Quoting nando_rich
Neck line broken...S-H-S pattern confirmed...

Target 1.371x

What do you think about?
I expect PA reaching fib 61.8 at least (see green area), your target corresponds to the yellow 100% according to my pic (may happen). PA near the lower channel border will tell us what to expect.

Edit: until PA remains within this channel we go down (may brake the lower border as well, in this case the fall will accelerate). If PA breaks through the upper border, this fall will be over probably.
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Mind the gap
  • #20,367
  • May 11, 2011 2:22pm May 11, 2011 2:22pm
sunbrella,

is that a macd or stochastic on ur chart? whats the settings. today wasnt trading coz ws out n missed all those nice moves. nkt
"Taking Responsibility is The Cornerstone of A Winning Attitude"
  • #20,368
  • May 11, 2011 2:23pm May 11, 2011 2:23pm
Hi samuelngugi, it is Stochastic (21,3,3).
Mind the gap
  • #20,369
  • May 11, 2011 3:57pm May 11, 2011 3:57pm
Hi everybody!
I've been following this thread for a while. Have to say it's really nice that you're trying to help each other I find SonicR system very interesting and I'm trying to learn it... Today I had 40 pips profit with GU short
Would like to show you how I see EU now. Using Elliott wave analysis in D1 TF, we are on the A wave. So we should wait for a little move upwards and then find the best opportunity to enter SHORT.

Good luck everybody!
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  • #20,370
  • May 11, 2011 5:51pm May 11, 2011 5:51pm
Closed my 1 week old short post near 1.420xx, shorted at 1.48xx..
Not holding position for now..

Sonic
  • #20,371
  • May 11, 2011 6:10pm May 11, 2011 6:10pm
Dear Sonic,

Did I miss something (entry rules)? Please advise me according to my Entry 1 as shown on my attachment. It's my first day using your GREAT system, and I would like to thank you for your time and great effort to guide newbies (alike me ).

Notes :
Entry 1 = Buy (hit the SL - 49 pips)
Entry 2 = Sell (booked around 80 pips)

Regards.
Attached Image (click to enlarge)
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  • #20,372
  • May 11, 2011 8:31pm May 11, 2011 8:31pm
Quoting nando_rich
Congratulations!!!

Every time I see the EU droping i'm happy for you ... I hope your old EU trade turn profitable soon

Best regars.
Thanks, Nando! Yeah, I've some on the back burner that will start to glow hot if the Dollar comes into season. The old posts will be revisited when it comes time to close them out with profits......full accounting, you know. I have not forgotten.
  • #20,373
  • May 11, 2011 8:34pm May 11, 2011 8:34pm
Quoting traderathome
Thanks, Nando! Yeah, I've some on the back burner that will start to glow hot if the Dollar comes into season. The old posts will be revisited when it comes time to close them out with profits......full accounting, you know. I have not forgotten.
Nice trades yesterday TAH..
  • #20,374
  • May 11, 2011 8:42pm May 11, 2011 8:42pm
We are nice support lvl of 1.42xx,, the decline may stall for now..
It is better to let it swing up for a short..
Whatever we do, follow the rules..

Sonic
  • #20,375
  • May 11, 2011 9:54pm May 11, 2011 9:54pm
I have noticed a new thread called trading made simple.. I havn't read properly yet, but I see they uses alot if Indi, another THV.. They didn't post much chart and the messages are lengthy..

But what surprise me is alot of traders/guests viewing it..
Why it that so? People do not like to read set up with chart and rather prefer to discuss about it?

Sonic
  • #20,376
  • Edited 11:58pm May 11, 2011 11:38pm | Edited 11:58pm
The Sonic R System uses PA to seek the WAVE, and the Dragon to fix the EP area. Other elements of the Sonic R System chart, and their purpose, are shown below.

The Sonic R System chart can be very clean and simple. Probably, it can be the cleanest, most simple chart of all the trading systems in Forex Factory! The only two technicals (other than price itself) are the Dragon and volume; volume being the ONLY non-price related technical that exists. Anything else would be redundant to the all important price action the Sonic R System focuses on.
Attached Image(s) (click to enlarge)
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  • #20,377
  • May 12, 2011 12:56am May 12, 2011 12:56am
Revised Colors Convention:

On my charts, I am going to try out using this convention.....

_ _ _ _ EL (entry long)

_ _ _ _ ES (entry short)

_ _ _ _ TP (take profit, $$$)

_ _ _ _ SL (stop loss, Dead) ....White for black charts
  • #20,378
  • May 12, 2011 1:04am May 12, 2011 1:04am
Quoting traderathome
Revised Colors Convention:

On my charts, I am going to try out using this convention.....

_ _ _ _ EL (entry long)

_ _ _ _ ES (entry short)

_ _ _ _ TP (take profit, $$$)

_ _ _ _ SL (stop loss, Dead)
Lovely..

Sonic
  • #20,379
  • May 12, 2011 1:15am May 12, 2011 1:15am
hi TAH,

thanks for the chart analysis. but from my templates. i dont have the timing that shows the session we are in. how is that?
"Taking Responsibility is The Cornerstone of A Winning Attitude"
  • #20,380
  • May 12, 2011 1:26am May 12, 2011 1:26am
EG:

Potential long trade. Waves beginning to show higher HLs. Rising volume now at the lows. Stopping volume at previous lows. Entry long set at previous highs. SL below previous lows. TP as shown, and based on historic PA. Will see what happens if it gets triggered.
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