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Sonic R. System

  • #21,701
  • Jun 16, 2011 4:53am Jun 16, 2011 4:53am
Quoting traderathome
EJ:

056 pips profit on ES2 = 115.25 closed at 114.65.
132 pips profit on ES3 = 116.01 closed at 114.65.

This leaves ES1 = 114.42 still running.
EJ:

54 pips profit on ES1 = 114.42 closed at 113.84.
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  • #21,702
  • Edited 5:32am Jun 16, 2011 5:15am | Edited 5:32am
Quoting kimis
while this (chart) just can become an long setup on EU, I'm wandering is it ok. my worries are about no major support below PA. that thik red line I draw comes from few higher chart summits from May. but we have an resistance at 1.4160-1.4170 level.

what others are thinking about it?

Attachment
Kimis, this is dangerous. I did this on AU, and now am down because I did not wait for PA to break the range and for the Dragon to be angled up. PA must be above Dragon for longs, with Dragon angled up. PA must be below Dragon for shorts, with Dragon angled down.

Let us face facts. It is greed that motivates us to enter early like this. And it is dangerous. Sonic introduced the Sonic Scout for when PA makes a mad dash away from the Dragon, terminating in high volume. Unfortunately, that concept clouds the issue, is a very risky trade and is a far opposite from the pure Sonic R. System. The plus here is that PA looked to set up as a bounce up off whole number support. And it might eventually do just that.
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  • #21,703
  • Edited 5:46am Jun 16, 2011 5:29am | Edited 5:46am
EU:

Entered long EL= 1.4100. This is not SonicR. It is like Sonic Scout, but without benefit of volume study. It is based instead on PA at S&R. In this case, PA made a dash below whole number S&R and quickly returned....twice! Look at the lower wicks on those two drops; nice and long they are.

So, this looks like PA is setting up for a bounce up off the whole number S&R area.

No SL is yet set becasue there are multiple USD high impact releases coming and there could be some whipsawing. This is high risk because I am counting on a PA WAVE developing for a bounce up off the whole number S&R area, on the basis of those two bars stabbing quickly below the whole number/their lower wicks. And there are high impact releases coming, a time when anything could happen.

This is exactly the situation that kimis asked about above, just hours later now as PA revisits the whole number area and still acts like it wants to do a bounce up. What can one say, but that this is risky, counter trend trading, and far, far more speculative than pure SonicR.
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  • #21,704
  • Jun 16, 2011 5:31am Jun 16, 2011 5:31am
Quoting traderathome
EJ:

54 pips profit on ES1 = 114.42 closed at 113.84.
And your big day arrived!!

Where is pips4all??
"Being picky only cost your time - not MONEY"...Hans
  • #21,705
  • Jun 16, 2011 5:51am Jun 16, 2011 5:51am
Quoting nando_rich
And your big day arrived!!

Where is pips4all??
Not yet time to smile. I still have the last multiple entry EJ trade sitting at an average ES = 113.41. That is not far away, but things are looking like PA might detour up again with USD releases today. If that happens, profit might not come until next week, or even later.
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  • #21,706
  • Jun 16, 2011 6:12am Jun 16, 2011 6:12am
Hello TAH,

thank you once more for your very good explanations.
Now I got it!

Without your help a lot of people would be stranded (me included!!!).
Great to have you in this thread.

Best regards,

DL
  • #21,707
  • Edited 6:39am Jun 16, 2011 6:21am | Edited 6:39am
EU:

Anyone remember ddaytrader's post and chart about a "Money In Bank" trade? Well, we might be seeing one develop right now on EU.

For a long trade, the concept is for PA to stab below a major S&R area (as a whole number) and very quickly bounce back up. This tells you the BBs just manipulated the price down to run stops and go long. The price will climb for a while, but wait for a higher low to develop. This will all likely happen below the Dragon. On the higher low, enter long. It is an early entry, not a pure SonicR entry, because you are entering below the Dragon. The key is the bounce up off of a major support, followed by PA rising a bit and then dropping a bit, to create that higher low.

That is what to watch for now, on EU.....a small move down to create a hgher low, below the Dragon. It might happen as the initial PA move associated with the first USD high impact releases that are coming; a head fake move down. If this trade works, it could run 150-200 pips.

WARNING: Let the market decide. High Impact USD releases are coming, which could make, or break, this trade.
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  • #21,708
  • Jun 16, 2011 6:40am Jun 16, 2011 6:40am
Quoting traderathome
EU:

Anyone remember ddaytrader's post and chart about a "Money In Bank" trade? Well, we might be seeing one develop right now on EU.

For a long trade, the concept is for PA to stab below a major S&R area (as a whole number) and very quickly bounce back up. This tells you the BBs just manipulated the price down to run stops and go long. The price will climb for a while, but wait for a higher low to develop. This will all likely happen below the Dragon. On the higher low, enter long. It is an early entry, not a pure SonicR entry, because you...
Technically we can see here a diamond pattern ... this is a botton formation.

The problem is the DTL...This is the third attempt to break it.


Let me see.
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"Being picky only cost your time - not MONEY"...Hans
  • #21,709
  • Jun 16, 2011 7:00am Jun 16, 2011 7:00am
The trend is obviously down..

Don't wanna pick the bottom...

http://assets0.ordienetworks.com/ima...e.jpg?037a0d17

Let's it show Higher Low with Dragon above..

Sonic
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  • #21,710
  • Jun 16, 2011 7:02am Jun 16, 2011 7:02am
@traderathome: good stuffs, traderathome. Keep it coming!
  • #21,711
  • Jun 16, 2011 7:03am Jun 16, 2011 7:03am
Quoting traderathome
EU:

Entered long EL= 1.4100. This is not SonicR. It is like Sonic Scout, but without benefit of volume study. It is based instead on PA at S&R. In this case, PA made a dash below whole number S&R and quickly returned....twice! Look at the lower wicks on those two drops; nice and long they are.

So, this looks like PA is setting up for a bounce up off the whole number S&R area.

No SL is yet set becasue there are multiple USD high impact releases coming and there could be some whipsawing. This is high risk because I am counting on a PA WAVE...
EU:

Added EL2 = 1.4088 to the trade.

This might look like the "higher low". But heed Sonic's advice above. Be sure the higher low is set in, with the Dragon above. For all we know, when the releases hit, the BBs might spike it down again, lower.
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  • #21,712
  • Jun 16, 2011 7:13am Jun 16, 2011 7:13am
EU:

With the releases approaching, you might enjoy viewing the action on M5, or even M1, with the SonicR VA Candles template......
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  • #21,713
  • Jun 16, 2011 7:24am Jun 16, 2011 7:24am
Quoting traderathome
EU:

Added EL2 = 1.4088 to the trade.

This might look like the "higher low". But heed Sonic's advice above. Be sure the higher low is set in, with the Dragon above. For all we know, when the releases hit, the BBs might spike it down again, lower.
EU:

Added EL3 = 1.4077 to trade. Finished. Now wait.
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  • #21,714
  • Jun 16, 2011 7:57am Jun 16, 2011 7:57am
EU:

Bingo! Looks like it is going, now. PA tested multple times the whole number support, and bounces. So far, it looks good.
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  • #21,715
  • Jun 16, 2011 8:00am Jun 16, 2011 8:00am
Quoting traderathome
EU:

Bingo! Looks like it is going, now. PA tested multple times the whole number support, and bounces. So far, it looks good.
Where is your TP??

My SL is in BE now...anyway it's a CT trade.
"Being picky only cost your time - not MONEY"...Hans
  • #21,716
  • Edited 8:16am Jun 16, 2011 8:04am | Edited 8:16am
Quoting nando_rich
Where is your TP??
TP? What's that? (......)

Just kidding. Figure to go to quarter number area above upper whole number. Actually, the price 1.4233 comes to mind, maybe in that area. That works out near the FR 38% retrace. If things go well, why would not this go on to the FR 50% retrace, which is more primary as a reversal point.....back to the down trend there.
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  • #21,717
  • Jun 16, 2011 8:15am Jun 16, 2011 8:15am
I am in..

http://cdn.pastemagazine.com/www/art...jpg?1283965188

Sonic
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  • #21,718
  • Jun 16, 2011 8:22am Jun 16, 2011 8:22am
Quoting sonicdeejay
I am in..

http://cdn.pastemagazine.com/www/art...jpg?1283965188

Sonic
It seems stopping vol in 1.415x...
"Being picky only cost your time - not MONEY"...Hans
  • #21,719
  • Jun 16, 2011 8:25am Jun 16, 2011 8:25am
Quoting nando_rich
It seems stopping vol in 1.415x...
Yea Mate...
I am in reasonable stop and watching it like a hawk,,

Sonic

*In CT trade like this..I do not add..positions...
  • #21,720
  • Jun 16, 2011 8:26am Jun 16, 2011 8:26am
Quoting traderathome
EU:

Added EL2 = 1.4088 to the trade.

This might look like the "higher low". But heed Sonic's advice above. Be sure the higher low is set in, with the Dragon above. For all we know, when the releases hit, the BBs might spike it down again, lower.
Careful with adding position on CT trades..
Take it as a insurance..


Sonic
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