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Sonic R. System

  • #22,121
  • Jun 22, 2011 11:17pm Jun 22, 2011 11:17pm
Quoting traderathome
EU:

66 pips profit on SS ES2 = 1.4376 closed at 1.4308.
This leaves SS ES1 = 1.4316 still running.
EU:

26 pips profit on SS ES1 = 1.4316 closed at 1.4288.
Sudden high over average volume on spike down. PA might go into retrace up of yesterday down move.
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  • #22,122
  • Jun 22, 2011 11:28pm Jun 22, 2011 11:28pm
Quoting sonicdeejay
I too am seein 1.428x as nice support and vol seen..
Sent SS EL..

Sonic
Possibly setting sight on 1.432x and 1.435x area..

Sonic

P.S TAH pls check pm..
  • #22,123
  • Jun 23, 2011 12:01am Jun 23, 2011 12:01am
TAH dan sonic. I would like to ask. When the price is break the high we buy rite? do u usually buy when the price break or you would wait the retrace if there is any? if not then no trade? thx for helping me.
Money Management and Patience is the Key
  • #22,124
  • Jun 23, 2011 12:01am Jun 23, 2011 12:01am
Quoting traderathome
GU:

Sent out SS EL1 = 1.6033, on basis of rising volume spike down and expectancy of some kind of retrace of the move that started down yesterday. This is a high risk counter trend trade, entered before the London session. Much could go wrong.
GU:

Added SonicR entry SR EL2 = 1.6062.
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  • #22,125
  • Jun 23, 2011 12:12am Jun 23, 2011 12:12am
Quoting scuderia
TAH dan sonic. I would like to ask. When the price is break the high we buy rite? do u usually buy when the price break or you would wait the retrace if there is any? if not then no trade? thx for helping me.
The rules are here:
http://www.forexfactory.com/showthre...36#post4682936
That is the post linked to in Post #1, in case you missed it there.

And here is a summary posted within the last two days!
http://www.forexfactory.com/showthre...41#post4714041
  • #22,126
  • Jun 23, 2011 12:22am Jun 23, 2011 12:22am
Thanks for that explanation TAH. You and sonic have done a great job here and its shame more thread starters dont take such steps. The forex factory community would be a lot easier to navigate and there would be a lot less confusion if everyone ran threads this way. Good work
  • #22,127
  • Jun 23, 2011 12:25am Jun 23, 2011 12:25am
Quoting traderathome
The rules are here:
http://www.forexfactory.com/showthre...36#post4682936
That is the post linked to in Post #1, in case you missed it there.

And here is a summary posted within the last two days!
http://www.forexfactory.com/showthre...41#post4714041

Thx. Like this thread so much. Happy pipping.
Money Management and Patience is the Key
  • #22,128
  • Jun 23, 2011 12:32am Jun 23, 2011 12:32am
EU:

Sent out Sonic Scout, SS EL1 = 1.4256 based on price/volume spike down to S&R, which can be seen off to left on attached M30 chart. It is also the half number natural S&R area. The trade is also made in anticipation of some degree of retrace of the move down.
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  • #22,129
  • Jun 23, 2011 12:42am Jun 23, 2011 12:42am
Quoting traderathome
GU:

Added SonicR entry SR EL2 = 1.6062.
GU:

Added 2nd Sonic Scout, SS EL3 = 1.6019. Moved SL to below whole number as price approached previous low, to give this trade more breathing room, and added Sonic Scout at the previous low area.
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  • #22,130
  • Jun 23, 2011 12:50am Jun 23, 2011 12:50am
Quoting traderathome
GU:

Added 2nd Sonic Scout, SS EL3 = 1.6019. Moved SL to below whole number as price approached previous low, to give this trade more breathing room, and added Sonic Scout at the previous low area.
Way to go TAH. But i enter at your EL2 and it almost give a heart attack. Better not looking at the trade. (noob here. dun try this at all).
Money Management and Patience is the Key
  • #22,131
  • Jun 23, 2011 12:54am Jun 23, 2011 12:54am
Btw TAH. What is the reasons that you put EL3? maybe if i know your reasons then it will help us understand the system faster. Coz what i think if that SL1 is hit then the price is break down and i think it gonna get low deeper.

Just to confirm EL (Estimation Long rite)?

Thx.
Money Management and Patience is the Key
  • #22,132
  • Edited 1:18am Jun 23, 2011 12:57am | Edited 1:18am
Quoting scuderia
Way to go TAH. But i enter at your EL2 and it almost give a heart attack. Better not looking at the trade. (noob here. dun try this at all).
Yes, price was pushed madly down at the London open. As it was happening I thought to myself........maybe it might be best, as a rule, to hold trade entries until after the first 30-45 minutes of the London session to give the market time to show how it is going to set up for the day.

SS EL3 = Sonic Scout Entry Long 3, (3rd trade entry). As I stated, this third long trade entry was made because 1) there was twice in the asian session high volume at these lows, which 2) makes me anticipate the market is going to do some degree of a retrace of the move down. I should have anticipated that the London market would do as the asian market did....drop the price on rising volume....and not made the SonicR entry when I did. I should have just waited out the first half hour of the London market to see what the market did.

And the reason for lowering the SL is to accomdate possible increasing volatility as the London session got underway and began to drive the price down. I can never know how far a price drive will go. If I believe in the trade, the SL may have to be lowered, maybe more than once, to accomodate the market trying to get low prices.
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  • #22,133
  • Jun 23, 2011 1:11am Jun 23, 2011 1:11am
Quoting traderathome
Yes, price was pushed madly down at the London open. As it was happening I thought to myself........maybe it might be best, as a rule, to hold trade entries until after the first 30-45 minutes of the London session to give the market time to show how it is going to set up for the day.

SS EL3 = Sonic Scout Entry Long 3, (3rd trade entry). As I stated, this third long trade entry was made because 1) there was twice in the asian session high volume at these lows, which 2) makes me anticipate the market is going to do some degree of a retrace of the...
I see. So it is like double bottom rite? then you assume that the price will go up rite?

btw TAH. I op at your EL2 but my SL at your SL1. Is that ok? or should i ove it to your SL2? and what is the reasons? Thx.
Money Management and Patience is the Key
  • #22,134
  • Edited 2:54am Jun 23, 2011 2:20am | Edited 2:54am
Quoting Muhammad989
hello soonicers here is my 2 cent picture say 1000 words..hope it will help new commers..

Muhammad
Thanks Muhammad for valuable information.
month or so ago I've discussed here a problem with different brokers when they all have different candle open time. that is most important for H4 and also makes sense on Daily charts.
with one broker you can see engulfing, doji, hammer or what ever, with other one you don't.

P.S. added picture - on the left side is FXpro, h4 candle open time (London time) is 10pm, 2am, 6am, 10am etc..
right is SunBird's chart, where h4 canlde open time is shifted by 2 hours and at many important places you see different picture.

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  • #22,135
  • Jun 23, 2011 2:37am Jun 23, 2011 2:37am
Quoting traderathome

SS EL3 = Sonic Scout Entry Long 3, (3rd trade entry). As I stated, this third long trade entry was made because...
TAH, let's talk about once again about those reverse divergences (aka slingshots). The reason is that it makes one's life much easier in situations like yours.

Do you know why the name slingshot for this divergence? Because this is a strong signal indicating that the trend is going to be continued. You can find often on the chart just before the last drive in the direction of the current trend.

Works on all timeframes and worth taking into account in similar situations (because it pays off).
Attached Image
Mind the gap
  • #22,136
  • Jun 23, 2011 2:50am Jun 23, 2011 2:50am
Quoting Sunbrella
TAH, let's talk about once again about those reverse divergences (aka slingshots). The reason is that it makes one's life much easier in situations like yours.

Do you know why the name slingshot for this divergence? Because this is a strong signal indicating that the trend is going to be continued. You can find often on the chart just before the last drive in the direction of the current trend.

Works on all timeframes and worth taking into account in similar situations (because it pays off).
hey, Sunbrella.

I know that divergences. but when I was learning tham there was said that MACD shouldn't cross 0 bettween highs or lows
  • #22,137
  • Jun 23, 2011 3:00am Jun 23, 2011 3:00am
Quoting kimis
hey, Sunbrella.

I know that divergences. but when I was learning tham there was said that MACD shouldn't cross 0 bettween highs or lows
Hey, kimis. Look, I come from the EWT world with a completely different look of the same market than most of you have here (fortunately ). After having spent more than 3 years on the market I can say with confidence that one of the most useful signal is this one. In EWT it has its own confirmation meaning but since this is not an EWT topic I don't want to bore you with my EWT stuff too much.

In short, you can use it confidently like on the pic (works on both MACD lines and histogram). MACD cross is a completely different story.

PS: The reason I joined this topic is that I realized how nicely fit the SonicR system into my EWT.
Mind the gap
  • #22,138
  • Edited 3:20am Jun 23, 2011 3:09am | Edited 3:20am
Quoting traderathome
No. I am only now modifying my trade log sheets to more clearly delineate SonicR (SR EL and SR ES) and Sonic Scout (SS EL and SS ES) entries. However, for anyone truely interested, the facts are all there in the trade postings. I just don't want to take the time to go back thru them right now.
Fair Enough..
If one really interested how the trades were taken..he should go thru the posts..
TAH has shown all..

Sonic
  • #22,139
  • Jun 23, 2011 3:14am Jun 23, 2011 3:14am
thats nice. I also like to learn something new or different approach to the same thing from others

Quoting Sunbrella
Hey, kimis. Look, I come from the EWT world with a completely different look of the same market than most of you have here (fortunately ). After having spent more than 3 years on the market I can say with confidence that one of the most useful signal is this one. In EWT it has its own confirmation meaning but since this is not an EWT topic I don't want to bore you with my EWT stuff too much.

In short, you can use it confidently like on the pic (works on both MACD lines and histogram). MACD cross is a completely different story.

PS: The reason I joined this topic is that I realized how nicely fit the SonicR system into my EWT.
  • #22,140
  • Jun 23, 2011 3:19am Jun 23, 2011 3:19am
Quoting sonicdeejay
I too am seein 1.428x as nice support and vol seen..
Sent SS EL..

Sonic
SS almost get screwed..about 40 pips under water for now..

Sonic
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