Sonic R. System | Page 1108 | Forex Factory

Options

Go to
Permalinks
Print Thread

Similar Threads

Sonic R.evolution 95 replies

The System Behind the System, by Merlin Jeffries 16 replies

Old School Sonic System + Other Things 11 replies

Knife system, Vegas 4h system related questions. 4 replies

Would you trade this system? New system #2. 10 replies

Attachments: Sonic R. System
Exit Attachments

Sonic R. System

  • #22,141
  • Jun 23, 2011 3:46am Jun 23, 2011 3:46am
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).
I almost get heart attack too . Take one-two times SS along with TAH and get profit ( even I close the trade as soon as possible), but 3-6 times loss even small due to tight stop loss.
But somehow I realize if I can't take the advantage position from SS its useless to take this SS. ( I mean take a bigger profit and bigger stoploss)
I prefer pure Sonic R right now, yesterday I get profit from short EU +67 profit(even I know price can lower more). Get floating -50 before, my stoploss just at -57.
Your comment just encourage me TAH about US sentiment, if not I might tighten the stoploss and loss
  • #22,142
  • Jun 23, 2011 3:55am Jun 23, 2011 3:55am
Quoting sonicdeejay
SS almost get screwed..about 40 pips under water for now..

Sonic

SS Short squared..

4 trades this week.. 3 winners. 1 loser

Sonic
  • #22,143
  • Jun 23, 2011 4:16am Jun 23, 2011 4:16am
what for a week for sonic r. it works and works and works ....



yesterday: first cable in the eu morning (did you remember phant ?) - then - eu after the fomc press party (did remember orbital) - and then finaly ej. great sonic setup it was ...

mmmh 4220 at the time - start my observation for new opportunities.

may it is helpfull for someone.

enigma4x
enjoy my life ... and ride the waves - all what I do
  • #22,144
  • Jun 23, 2011 4:21am Jun 23, 2011 4:21am
Quoting enigma4x
what for a week for sonic r. it works and works and works ....



yesterday: first cable in the eu morning (did you remember phant ?) - then - eu after the fomc press party (did remember orbital) - and then finaly ej. great sonic setup it was ...

mmmh 4220 at the time - start my observation for new opportunities.

may it is helpfull for someone.

enigma4x
what opportunities? to short more?
  • #22,145
  • Jun 23, 2011 4:26am Jun 23, 2011 4:26am
Quoting kimis
that opportunities? to short more?
let the market come too ya. patinece. it will be pay out.

I´m open for both. still waiting no shorts open at the time - was close at 20

chill no trades for me at the time.

we are in contact now - thanks man for ya pm.

will add it my skype - so then I will open up your eyes

enigma4x
enjoy my life ... and ride the waves - all what I do
  • #22,146
  • Jun 23, 2011 4:39am Jun 23, 2011 4:39am
Definitely no long for me, no adding SS.
Or no short..

Re-evaluating now.
Sonic
  • #22,147
  • Jun 23, 2011 5:51am Jun 23, 2011 5:51am
Squared Eu Long @1.42 for 120 pips..
No pos.. holding..

Sonic
  • #22,148
  • Jun 23, 2011 6:08am Jun 23, 2011 6:08am
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).
My target has been hit, pos closed @ 225 pips.
Mind the gap
  • #22,149
  • Jun 23, 2011 6:38am Jun 23, 2011 6:38am
Quoting Sunbrella
My target has been hit, pos closed @ 225 pips.

gratz
Poshcom
  • #22,150
  • Jun 23, 2011 7:03am Jun 23, 2011 7:03am
525 pips for the week just trading Eur/Usd, Thank you Sonicdeejay and TAH and everyone else in this forum You guyz are the BEST !
  • #22,151
  • Jun 23, 2011 7:04am Jun 23, 2011 7:04am
Quoting sonicdeejay
Definitely no long for me, no adding SS.
Or no short..

Re-evaluating now.
Sonic
I'm just wonder why you closed all shorts so early ?
  • #22,152
  • Jun 23, 2011 8:25am Jun 23, 2011 8:25am
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.
GU:

40 pips loss on SS EL1 = 1.6033
69 pips loss on SR EL2 = 1.6062
26 pips loss on SS EL3 = 1.6019
All were closed at SL2 = 1.5997

It was a very risky trade, but also I made mistakes:
1. entered initially before London session, and
2. entered counter-trend before seeing how London market set up, and
3. made multi entries on counter trend trade (Sonic says "No!", & is right), and
.....and here is the big mistake,
4. moved SL so I could lose even more!
Attached Image (click to enlarge)
Click to Enlarge Name: # june 23, 2011 - 309.gif Size: 30 KB
  • #22,153
  • Jun 23, 2011 8:30am Jun 23, 2011 8:30am
Well i just think a lil bit. Maybe if the price close the upper ema 89 then the long should be safer. just an idea though. I got 47 pips lost today. but that is not a big deal. Just a fee of a learning process to be a master. I think it is still consider cheap.

I think the long is wrong because the dragon not facing up. it is still in the form of 3 O'clock. If i am not mistaken.
Money Management and Patience is the Key
  • #22,154
  • Jun 23, 2011 8:31am Jun 23, 2011 8:31am
Quoting traderathome
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.
EU:

37 pips loss on SS EL1 = 1.4256, closed at SL = 1.4221.

This was another risky Sonic Scout counter trend trade. Fortunately I did not lower the SL.
Attached Image (click to enlarge)
Click to Enlarge Name: # june 23, 2011 - 310.gif Size: 33 KB
  • #22,155
  • Jun 23, 2011 8:34am Jun 23, 2011 8:34am
Quoting traderathome
GU:

40 pips loss on SS EL1 = 1.6033
69 pips loss on SR EL2 = 1.6062
26 pips loss on SS EL3 = 1.6019
All were closed at SL2 = 1.5997

It was a very risky trade, but also I made mistakes:
1. entered initially before London session, and
2. entered counter-trend before seeing how London market set up, and
3. made multi entries on counter trend trade (Sonic says "No!", & is right), and
.....and here is the big mistake,
4. moved SL so I could lose even more!
Do not worry TAH. your contributions in this thread help us a lot. Keep your chin up and do better next time. Failure will me us stronger.
Money Management and Patience is the Key
  • #22,156
  • Jun 23, 2011 8:39am Jun 23, 2011 8:39am
Quoting traderathome
UCad:

Added EL2 = 0.9733, and temporarily lowered SL below previous PA lows, just in case the market manages a final whip in their drive against USD before the buying surge takes over.

A battle is going on between bulls and bears (0.973x area right now on UCad). I suppose this is true on other pairs too. You can see from the P/V relationship what the market is doing. It is driving hard against USD. And buying hard the further it makes progress. I am certain from this P/V action that the market is anticipating a surge in USD later, and is gathering...
UCad:

58 pips profit on EL1 = 0.9743 closed at TP2 = 0.9804
68 pips profit on EL2 = 0.9733 closed at TP2 = 0.9804
Attached Image (click to enlarge)
Click to Enlarge Name: # june 23, 2011 - 311.gif Size: 36 KB
  • #22,157
  • Jun 23, 2011 8:41am Jun 23, 2011 8:41am
These two are yesterdays movements in D1 and H1.

Didn't trade coz I wasn't online but just out of curiosity I wonder how I would have traded here. Knowing me I would have placed a sell limit @ 1.4400 after that head and shoulder of H1 in other words would have waited for a retracement to 50%, which as we can see now has never happened. So the better choice would have been a sell stop at the neckline (= today's open). In that case where should I have placed the SL? (anything bigger than 20 pips is too risky for me...)

The best thing probably would have been to do both... Oh well.
Attached Images
Do we have a deal?
  • #22,158
  • Jun 23, 2011 8:43am Jun 23, 2011 8:43am
Quoting traderathome
EJ:

Added SS ES2 = 115.20.
EJ:

78 pips profit on SS ES1 = 114.80 closed at TP = 113.98
118 pips profit on SS ES2 = 115.20 closed at TP = 113.98
Attached Image (click to enlarge)
Click to Enlarge Name: # june 23, 2011 - 312.gif Size: 33 KB
  • #22,159
  • Jun 23, 2011 8:53am Jun 23, 2011 8:53am
Quoting traderathome
GU:

40 pips loss on SS EL1 = 1.6033
69 pips loss on SR EL2 = 1.6062
26 pips loss on SS EL3 = 1.6019
All were closed at SL2 = 1.5997

It was a very risky trade, but also I made mistakes:
1. entered initially before London session, and
2. entered counter-trend before seeing how London market set up, and
3. made multi entries on counter trend trade (Sonic says "No!", & is right), and
.....and here is the big mistake,
4. moved SL so I could lose even more!
Hi TAH,

The above post is your BEST post!
You know the reason.
What the SL!

You doing excellent lately eating the pips.

As you been tracking more recently breaking down on your trading results, just imagine or re-calculate what those trading results would be like if you stick with the SL, and let the profit run just a bit more (not too much more), or at least profit as big as your SL, rather than just a few pips profit .
I also wonder ...

Well done and thanks for all your sharing with your detailed trade posts.
  • #22,160
  • Jun 23, 2011 8:59am Jun 23, 2011 8:59am
Personal Comment:

I am disgusted with myself today, making rookie moves and mistakes.

Maybe I should try what Sonic is doing....just trade EU, just be more patient about entries.

With 24 closed trades this week, 19 profitable for 794 pips, I should not complain. But I am, because I am getting the feeling I am trading too many pairs, and trading too much, entering too soon, etc.

This may be it for the week for me. But whenever I do resume, it will be EU & patience.....give myself a chance to unwind.
35 traders viewing now