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Sonic R. System

  • #21,101
  • Edited 4:26am May 27, 2011 2:51am | Edited 4:26am
Potential short setup is forming on h1 with nice TP target. Notice the PA targeting fib 62% retracement level having a wedged shape (also supported by my EWT based view on this).

Will see, sell limit order has been placed.

Edit: My sell limit order is still pending. I expect one more upthrust at least, touching fib 62% or even a little bit higher (round number 1.650 would be the ideal target). Then, a classic SonicR short setup on M15 has a good chance to develop.

On the other hand: if current PA goes below 1.6354 chances are that a minor pullback is going on before further long with a higher target (~1.652x). So be careful.
Attached Image (click to enlarge)
Click to Enlarge Name: GU_110527_h1_short.gif Size: 86 KB
Mind the gap
  • #21,102
  • May 27, 2011 3:23am May 27, 2011 3:23am
Quoting Sunbrella
Potential short setup is forming on h1 with nice TP target. Notice the PA targeting fib 62% retracement level having a wedged shape (also supported by my EWT based view on this).

Will see, sell limit order has been placed.
hi sunbrella,

great job you doing in sonic system. just a quick question. did u get my PM? check please.


regards
"Taking Responsibility is The Cornerstone of A Winning Attitude"
  • #21,103
  • May 27, 2011 4:10am May 27, 2011 4:10am
Quoting Sunbrella
Potential short setup is forming on h1 with nice TP target. Notice the PA targeting fib 62% retracement level having a wedged shape (also supported by my EWT based view on this).

Will see, sell limit order has been placed.
GU:

Here, PA shows another example of an improper H-L-HH WAVE. There is stopping volume at the HH, and a continuation of very high volume for following bars (closing longs and loading up with shorts).

The Dragon is now angled down and PA is below the Dragon, consolidating between the Dragon and the lower whole number. This looks like preparations for a run down.
Attached Image (click to enlarge)
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  • #21,104
  • Edited 4:50am May 27, 2011 4:37am | Edited 4:50am
Quoting enigma4x
I don´t know if TAH gr8 trader --- there was a time 2 years ago he was wrong too over months. I know a cta trader he had a hitrate from about 30% but he cover it with his mm.

e
I don't consider myself to be a GREAT trader. Nor am I so arrogant as to believe I should always be right. I make mistakes, sometimes prolonged ones, most of which time heals. This month:

1. 1,679 pips three weeks ago
2. 699 pips two weeks ago
3. 783 pips last week.
4. 782 pips this week (so far)
5. I post most trades as I make them, not all, but practically all!
6. EVERY TRADE I MAKE IS POSTED AND LINKED THRU THE ENTIRE PROCESS FROM FIRST ENTRY UNTIL FINAL CLOSE OF ALL COMPONENTS, with charts clearly delineating the entire trade process!

I know of no other on Forex Factory, certainly not on the Sonic R. System thread that can honestly say these things.

I have a number of trades (counting the components of averaged trades) still outstanding, some at nice losses currently. That situation will, in time, greatly improve, as it already is improving. But, I could close them right now and not be hurting.

Regards,
-tah
  • #21,105
  • May 27, 2011 4:38am May 27, 2011 4:38am
Quoting samuelngugi
hi sunbrella,

great job you doing in sonic system. just a quick question. did u get my PM? check please.


regards
Hi samuelngugi, I just have checked your mail. The next week we have a three-day EWT training course on the weekend, I would say to join our training but the geographical distance is likely to be a problem. Will answer your mail during this weekend.
Mind the gap
  • #21,106
  • May 27, 2011 4:38am May 27, 2011 4:38am
unfortunatly - I don´t trade it today. my plan ...

Attached Image (click to enlarge)
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enigma4x
enjoy my life ... and ride the waves - all what I do
  • #21,107
  • May 27, 2011 4:47am May 27, 2011 4:47am
Quoting enigma4x
unfortunatly - I don´t trade it today. my plan ...

Attachment

enigma4x
dont´take this live only for the show

may it works ...



Attached Image (click to enlarge)
Click to Enlarge Name: enigma4x_eurusd_26_05_2011_9.jpg Size: 201 KB


enigma4x
enjoy my life ... and ride the waves - all what I do
  • #21,108
  • Edited 5:34am May 27, 2011 5:06am | Edited 5:34am
Quoting kimis
you mean 1.6401
but it's again suprising trades for me. TAH do you have a limit? how deep you can go from here? will you add more shorts ? (at this moment GU is 1.6430 and was reaching 1.6450). do you use same lot size for all entries or increasing like in martingale? I'm just trying to understand your strategy as I'd be compleately whiped out with my account and minimum order size.
Thank you for pointing out that entry price "04" transposition mistake. I have edited the post to correct it.

Over time, I have discussed how I trade, which is by virtue of my posts more explained than by any words. I trade very, very, very, very, very light relative to size of account. That way, if I still believe in my trade but have made a poor entry (and I am as wrong as often as anyone else is), I can add again at a different price. Over time, I find myself adding fewer parts to a trade.....maybe I am getting better. I am not in a rush to make a lot of money, so I don't mind trading so light. I don't recommend anyone else trade this way, because holding losing positions for some time could be too stressful for some. It is probably not a good way to trade, but it is the rut I am in. I seem to be getting better at it. Maybe that means I am gradually moving to a better rut!
  • #21,109
  • May 27, 2011 5:08am May 27, 2011 5:08am
guys, S/R zones are one of the most important element of this system. it is clear that fibo pivots are not enough to use for this system.

how do you determine S/R zones for your self? are you drawing some lines connecting lows or/and highs, or use other methods?
  • #21,110
  • May 27, 2011 5:12am May 27, 2011 5:12am
Quoting traderathome
Thank you for pointing out that entry price mistake....

I understand kim. your are a loser - sorry tah - you are arogant - you don´t respekt knowledge - without responsibility for sonicers.

you are one of the badest arogant trader, who i have ever seen

just my 2 cents

enigma4x
enjoy my life ... and ride the waves - all what I do
  • #21,111
  • May 27, 2011 5:22am May 27, 2011 5:22am
Quoting enigma4x
I understand kim. your are a loser - sorry tah - you are arogant - you don´t respekt knowledge - without responsibility for sonicers.

you are one of the badest arogant trader, who i have ever seen

just my 2 cents

enigma4x
Hero calls followed by margin calls...
  • #21,112
  • May 27, 2011 5:26am May 27, 2011 5:26am
Quoting kimis
guys, S/R zones are one of the most important element of this system. it is clear that fibo pivots are not enough to use for this system.

how do you determine S/R zones for your self? are you drawing some lines connecting lows or/and highs, or use other methods?
I agree with you, kimis.

Having authored the TzPivots series of indicators to help with the THV project, and eventually getting some critical assistance from CaveMan, you'd think that I would be a firm believer in pivots.

Instead, I agree with you. Using historic PA support and resistance is far better. Fortunately, such S&R tends to align with whole and half numbers quite well. While pivots depend on the previous day candle, whole and half numbers are eternal,.....completely independent of brokers and time zones.

SonicR is not a scalping system. Scalpers want to get every last cent out of a trade, and so they turn to pivots, and what not, to try and "exact" their entries and exits. With SonicR, one can look at PA progressing up and down thru whole/half number levels, and refine S&R from there. One thing to keep in mind is that PA will over/under shoot targets, due to degrees of momentum, which can undermine efforts of those trying to be too exacting.
  • #21,113
  • Edited 5:47am May 27, 2011 5:28am | Edited 5:47am
Quoting enigma4x
I understand kim. your are a loser - sorry tah - you are arogant - you don´t respekt knowledge - without responsibility for sonicers.

you are one of the badest arogant trader, who i have ever seen

just my 2 cents

enigma4x
Enigma4x, you are entitled to your two cents worth of opinion. It is just too bad that also is not based on knowledge.

I have taken it upon myself, out of respect for Sonicdeejay's sharing and the beauty of the Sonic R. System, to try and provide the finest indicators possible to compliment this effort. My "responsiblilty" for how Sonikers trade, ends there. Whenever asked about my trading style, I have repeatedly warned that I have bad habits, and that I do not believe others should try it. I do my best to be thorough, honest and humble. If you truely want to see arrogance, my guess is all you have to do is look in the mirror.

Regards,
-tah
  • #21,114
  • May 27, 2011 5:34am May 27, 2011 5:34am
hey, people, keep peace here
  • #21,115
  • May 27, 2011 6:04am May 27, 2011 6:04am
Quoting Sunbrella
Potential short setup is forming on h1 with nice TP target. Notice the PA targeting fib 62% retracement level having a wedged shape (also supported by my EWT based view on this).

Will see, sell limit order has been placed.

Edit: My sell limit order is still pending. I expect one more upthrust at least, touching fib 62% or even a little bit higher (round number 1.650 would be the ideal target). Then, a classic SonicR short setup on M15 has a good chance to develop.

On the other hand: if current PA goes below 1.6354 chances are that a minor...
This is what I expect to happen based on my EWT study, for those who are interested in (just speculation, for real money ). If this scenario will further develop, it is going to be interesting to see how the potential SonicR set-up shown on the pic fits into this theory.

Will see later (or not).
Attached Image (click to enlarge)
Click to Enlarge Name: GU_110527_h1_short_EWT.gif Size: 58 KB
Mind the gap
  • #21,116
  • May 27, 2011 6:05am May 27, 2011 6:05am
Chill People...

http://www.myforkandspoons.com/wp-co...hill_pills.jpg

Sonic
  • #21,117
  • May 27, 2011 6:21am May 27, 2011 6:21am
Quoting traderathome
Enigma4x, you are entitled to your two cents worth of opinion. It is just too bad that also is not based on knowledge.

I have taken it upon myself, out of respect for Sonicdeejay's sharing and the beauty of the Sonic R. System, to try and provide the finest indicators possible to compliment this effort....
TAH, Enigma, pls stop this. Both of you are here for years. Though I'm new here, the only reason I'm here is the excellent work you the old guys do here for years. And I respect it very much. And everyone should do.

As I sad earlier, you have invested enormous amount of work into this system so my full respect goes to TAH, to the founder Sonic, and to you all being here for a couple of years sharing your set-ups, your knowledge and your valuable time day after day.

Quote of the day:

To avoid criticism do nothing, say nothing, be nothing.
(E. Hubbard)

I must be off, have a nice weekend!
Mind the gap
  • #21,118
  • May 27, 2011 7:21am May 27, 2011 7:21am
Quoting Sunbrella
TAH, Enigma, pls stop this. Both of you are here for years. Though I'm new here, the only reason I'm here is the excellent work you the old guys do here for years. And I respect it very much....
I agree.

I spend so much time here, which I think many of you my friends .... so I stay very sad if I see you discussing about something as meaningless as "who is better or worse trader" ... please be peace and we continue the good feeling which characterizes this community.

ONE DEEP BREATH AND ENJOY THE WEEKEND WAS A GREAT WEEK HERE FOR MANY, INCLUDING ME! 7.2% up...22.8% this month...

LET'S GROW TOGETHER!

Regards.
"Being picky only cost your time - not MONEY"...Hans
  • #21,119
  • May 27, 2011 7:51am May 27, 2011 7:51am
EU SS sent on 1.4290 as stoping vol seen. there should be some resistance of DT upper line there.

Attached Image (click to enlarge)
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  • #21,120
  • May 27, 2011 7:52am May 27, 2011 7:52am
i'm watching the hourly chart closer...thanks pipphunter

Maybe a good filter, watch the h1 wave + vol S&R test...

What do you think about?

Just a chart to take in account...
Attached Image (click to enlarge)
Click to Enlarge Name: _27-05-2011_eu.gif Size: 40 KB
"Being picky only cost your time - not MONEY"...Hans
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