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Sonic R. System

  • #21,781
  • Jun 17, 2011 5:03am Jun 17, 2011 5:03am
Quoting traderathome
EU:

81 pips profit on EL1 = 1.4145 closed at 1.4228.
98 pips profit on EL3 = 1.4128 closed at 1.4228.

This leaves EL2 = 1.4173 still running.
EU:

66 pips profit on EL2 = 1.4173 closed at 1.4241.
Attached Image (click to enlarge)
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  • #21,782
  • Jun 17, 2011 5:03am Jun 17, 2011 5:03am
Quoting sonicdeejay
Lovely pin bar in D1 TF..
bias up for now..

The only caution is the vol get thinner as price advance few hours ago..
Careful if u wanna add new long, price might pullback for BB aka TAH to add longs..

Sonic
Told cha...
It did pull back a 100 pips,, BB and TAH loads l0ng..

My high risk acc, double this week do far.. And hope u are doing well too..


Sonic
  • #21,783
  • Jun 17, 2011 5:11am Jun 17, 2011 5:11am
Quoting leo1in88
Hi master sonicdejaa and TAH,
i use this system about 2 weeks and i've lost about 15% equity. i'm very confuse and upset, i think i understand clearly this system, but i dont know why i'm always wrong.
This is an example. Look at pic under, E/U M15 chart on London sesion.
I put a "sell stop" order in yellow line, and TP, SL in red line. I take this trade follow the system.
In my view, H1, H4 is down trend. In M15, dragon is down trend. ANd PA make H - L - LH, This trade is suitable with setting of this system. "sell stop" order several pips...
I think your entry fits Sonic R rules. It is not your fault,just one of Sonic loss trades.
I am newbie too,waiting for sonicdeejay's comments^
  • #21,784
  • Jun 17, 2011 5:20am Jun 17, 2011 5:20am
Quoting leo1in88
Hi master sonicdejaa and TAH,
i use this system about 2 weeks and i've lost about 15% equity. i'm very confuse and upset, i think i understand clearly this system, but i dont know why i'm always wrong.
This is an example. Look at pic under, E/U M15 chart on London sesion.
I put a "sell stop" order in yellow line, and TP, SL in red line. I take this trade follow the system.
In my view, H1, H4 is down trend. In M15, dragon is down trend. ANd PA make H - L - LH, This trade is suitable with setting of this system. "sell stop" order several pips...
EU:

Your analysis on higher TF charts noted the big drop, but failed to pick up the possible WAVE up on H1, which was already 2/3 developed and with the initial part of leg 3 being built upwards into the London open. And right after a big run, you should consider that price might do a retrace. On M15, the only way you could have avoided the bad trade down would be to have waited to see if PA dropped past the previous low, which it did not. Then you would have known it was going up instead, any you could have ented when PA went past the previous high, which it did.

There have been plenty of posts today on the market and on EU, which you might have considered into your analysis.
Attached Image(s) (click to enlarge)
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  • #21,785
  • Jun 17, 2011 5:23am Jun 17, 2011 5:23am
Quoting ldytzhi
anyone in Eur/Usd?
Attachment
Hi,
I saw this as well and let it pass due to the candle not finishing above dragon.
But I think it is better to stick to rules and miss the one or other opportunity then to not sticking to rules and loose money instead....
  • #21,786
  • Jun 17, 2011 5:30am Jun 17, 2011 5:30am
Quoting traderathome
10 pips profit on EL3 = 1.0564 closed at 1.0577.
38 pips profit on EL4 = 1.0536 closed at 1.0577.
55 pips profit on EL5 = 1.0519 closed at 1.0577.

This leaves EL1 and EL2 still running.
AU:

13 pips profit on EL1 = 1.0584 closed at 1.0600.
23 pips profit on EL2 = 1.0574 closed at 1.0600.
Attached Image (click to enlarge)
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  • #21,787
  • Jun 17, 2011 5:33am Jun 17, 2011 5:33am
Quoting bennyFX
Hi,
I saw this as well and let it pass due to the candle not finishing above dragon.
But I think it is better to stick to rules and miss the one or other opportunity then to not sticking to rules and loose money instead....
you are right!
  • #21,788
  • Jun 17, 2011 5:33am Jun 17, 2011 5:33am
Quoting traderathome
EU:

Overview.
Target hit.
Attached Image(s) (click to enlarge)
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  • #21,789
  • Jun 17, 2011 5:37am Jun 17, 2011 5:37am
Quoting ott256
eu

EP 1.4178

I am. We'll see.
tp hit 1.4260

+80 p
Attached Image(s) (click to enlarge)
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  • #21,790
  • Jun 17, 2011 5:42am Jun 17, 2011 5:42am
Quoting traderathome
UJ:

While everything else is getting set up for an anti-dollar move today, UJ is now being driven hard in the anti-dollar direction.

Sent out SS EL = 80.44, which is small since I do not like trading this pair.
UJ:

Added SS EL2 = 80.34 and have another order pending.
Attached Image (click to enlarge)
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  • #21,791
  • Jun 17, 2011 5:52am Jun 17, 2011 5:52am
Quoting traderathome
UJ:

Added SS EL2 = 80.34 and have another order pending.
UJ:

Added EL3 = 80.24, and lowered SL in case US session whips the price lower. This may be a trade that will take into next week to develop.
Attached Image (click to enlarge)
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  • #21,792
  • Jun 17, 2011 5:58am Jun 17, 2011 5:58am
Quoting traderathome
Target hit.
EU:

RgH target hit.
Attached Image (click to enlarge)
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  • #21,793
  • Jun 17, 2011 6:10am Jun 17, 2011 6:10am
EJ:

Entered short, SS ES1 = 114.66.

This is in a down trend, with a strong whip up to a S&R area over the past several hours on increasing volume, which may mean unloading longs and acquistion of shorts. So I sent out a Sonic Scout.
Attached Image (click to enlarge)
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  • #21,794
  • Jun 17, 2011 6:35am Jun 17, 2011 6:35am

@traderathome: May i ask your opinion on eu? what do you think it's going to behave for the rest of trading week.

  • #21,795
  • Jun 17, 2011 6:43am Jun 17, 2011 6:43am
Quoting duyk20

@traderathome: May i ask your opinion on eu? what do you think it's going to behave for the rest of trading week.

Fridays are the famous for the follower prevailing trend..
But watch out for the news in 45 mins time..

Inserted Video


Sonic
  • #21,796
  • Jun 17, 2011 6:47am Jun 17, 2011 6:47am
Quoting sonicdeejay
Fridays are the famous for the follower prevailing trend..
But watch out for the news in 45 mins time..

http://www.youtube.com/watch?v=_g-Eok8n0WE

Sonic
I've noticed it for quite some time. If they are bullish, they could mark price up until the last minute of trading day..
My appreciation to you, Somic, proud to be asian trader
  • #21,797
  • Jun 17, 2011 7:54am Jun 17, 2011 7:54am
Quoting Mrsaini
Hi Kimis, Would you mind posting the chart dear? It will be great help to learn SS entries.

Thanks
hi Mrsaini

I'm learning it as well, so I'm not the one to follow
but here is my chart.

note red support line at the bottom and red filled candle within lower yellow circle - I supposed it is stopping volume on second retest of support, I've jumped in immediately.
unloaded part of order at second (higher red line, upper yelow circle) as there is 23% fibo retracement of move down 1.4495->1.4070, it made some resistance few times. now I've put my eyes on region of yellow and green lines - if PA will refuse go up, i'll close the resto of order. we almost reached ADR.

Attached Image (click to enlarge)
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  • #21,798
  • Jun 17, 2011 8:18am Jun 17, 2011 8:18am
1.432x seems nice overhead support..


Sonic
Attached Image (click to enlarge)
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  • #21,799
  • Jun 17, 2011 8:23am Jun 17, 2011 8:23am
Quoting sonicdeejay
1.432x seems nice overhead support..


Sonic
yep, and it is a neckline of that not true SHS pattern as well. and fibo 38. could be good place to think short
  • #21,800
  • Jun 17, 2011 9:08am Jun 17, 2011 9:08am
hello traderathome

your comment are always very wise
I ve been folllowing you for quite a time now and was wondering if you were trading real?
if it s the case you must be a rich man
anyway thanks for your inputs and I hope one day I ll be able to mirror you
rgds
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