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Sonic R. System

  • #22,341
  • Edited 6:54am Jun 27, 2011 6:42am | Edited 6:54am
Quoting Yojimbo
Thursday's strong bull correction has killed bear momentum resulting in obvious divergence. 3 Minutes left before H4 closes with approx 60 +/- pips above its open after hammerish looking Doji that followed a strong Bearcandle.

I'd say Bears have to wait a bit more. Unless today ends like Friday.

PA has the last word as always.
What the hell are you talking about....."obvious divergence"? First off, SonicR does not use divergence. Secondly, if you had even put MACD on your chart, you would have seen the bottoms of PA and MACD agree (up or down, depending on span of time), and the tops of PA and MACD agree (down). There is no divergence.

Yojimbo, please respect that this is the SonicR thread, and stick to the SonicR methods.
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  • #22,342
  • Jun 27, 2011 6:48am Jun 27, 2011 6:48am
Hi All,
I'm new here but have been following this thread as a lurker for some time.
I'd really like to thank all of you guys for contributing so much to a really great system, especially Sonic, Nando Rich and TAH. I've been searching for a good, solid system that makes sense, and here I have found the answer.
Does anyone have any thoughts about taking trades during the 3 hours before NY opens? I think Sonic advised against it at the beginning of this thread, but a lot of time has moved on since then and I'm wondering what people think about this.
  • #22,343
  • Jun 27, 2011 7:01am Jun 27, 2011 7:01am
Quoting traderathome
EU:

Possibly a SonicR long setup forming. Needs a lttle more time.

Edit: Added 2nd chart showing possible SonicR long trade for 60+ pips, using conservative first TP.
EU:

This forcast trade reached the first exit. Now, will the US market take it to the second exit? If you are scaling out, a SL above what remains can protect it.

Let the market decide.
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  • #22,344
  • Edited 7:29am Jun 27, 2011 7:10am | Edited 7:29am
Quoting traderathome
UChf:

32 pips profit on SS EL4 = 0.8323 closed at 0.8363.
EL1, 2 ,3 still running.
UChf:

When price dropped below half number, I placed a new long order, just above quarter number this time. So far, it has missed being executed, by a fraction of a pip. I am leaving the order in, because the US market might make a brief drive down, which might catch this order.

Such an entry, at this point, would not be SonicR, nor even Sonic Scout since there is no candle/volume spike. It is more based on what I see as an extreme oversold situation, and all the recent talk about how strong the swiss franc is (market "propped up" strong, for the moment anyway).
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  • #22,345
  • Jun 27, 2011 7:13am Jun 27, 2011 7:13am
cv
enjoy my life ... and ride the waves - all what I do
  • #22,346
  • Jun 27, 2011 7:26am Jun 27, 2011 7:26am
Quoting traderathome
EU:

This forcast trade reached the first exit. Now, will the US market take it to the second exit? If you are scaling out, a SL above what remains can protect it.

Let the market decide.
I would have preferred a setup like the red lines for a sonic reentry - but maybe by the looks of it - the green lines might work better.

Let the market decide.
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"The future is already written in the past"
  • #22,347
  • Jun 27, 2011 7:47am Jun 27, 2011 7:47am
Quoting traderathome
UChf:

When price dropped below half number, I placed a new long order, just above quarter number this time. So far, it has missed being executed, by a fraction of a pip. I am leaving the order in, because the US market might make a brief drive down, which might catch this order.

Such an entry, at this point, would not be SonicR, nor even Sonic Scout since there is no candle/volume spike. It is more based on what I see as an extreme oversold situation, and all the recent talk about how strong the swiss franc is (market "propped up" strong,...
UChf:

My, my. Does't look as if the Swiss franc is all that strong today, afterall. It also doesn't look like my quarter number entry will happen. So...

Added EL5 = 0.8345, on basis that I see the half number area as immediate S&R, with PA about to go back up thru it after a jaunt low. Still, I am leaving my quarter number order active, just in case.

Possibly a SonicR long setup is developing. See 2nd pic.
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  • #22,348
  • Jun 27, 2011 8:10am Jun 27, 2011 8:10am
Hi all, can someone pls tell me the post where i will get the indicators TAH refers to as EL, ES etc. thanks
  • #22,349
  • Jun 27, 2011 8:20am Jun 27, 2011 8:20am
Quoting traderathome
EU:

69 pips profit on SS EL2 = 1.4149 closed at 1.4220.
SSs EL3 and EL4 are still running.
EU:

Added SR EL5 = 1.4175. This is a SonicR re-entry on a very nice pullback managed by the US market. Soon as PA closes above upper whole number, I will raise the SL to include EL5.
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  • #22,350
  • Jun 27, 2011 8:20am Jun 27, 2011 8:20am
Quoting Adeleke
Hi all, can someone pls tell me the post where i will get the indicators TAH refers to as EL, ES etc. thanks
it is not indicators. it is simple horizontal lines drawn with MT4 tools with manualy entered texts EL ES and etc. and they mark entry points for Long or Short orders
  • #22,351
  • Jun 27, 2011 8:21am Jun 27, 2011 8:21am
Quoting Adeleke
Hi all, can someone pls tell me the post where i will get the indicators TAH refers to as EL, ES etc. thanks
Those are not indicators. They are manually set entry levels, either long or short as indicated.

Oh, thanks Kimis. You already answered!
  • #22,352
  • Jun 27, 2011 8:23am Jun 27, 2011 8:23am
Quoting traderathome
EU:

Added SR EL5 = 1.4175. This is a SonicR re-entry on a very nice pullback managed by the US market. Soon as PA closes above upper whole number, I will raise the SL to include EL5.
SR EL below Dragon and MA89 ?
  • #22,353
  • Jun 27, 2011 8:33am Jun 27, 2011 8:33am
Quoting kimis
SR EL below Dragon and MA89 ?
Yes, it is above the original valid SonicR entry long area. And the only reason PA is below Dragon right now is due to the strong drive down....the London/US market executing what is currently a FR 50% pullback, which means a SonicR re-entry here could be good for the next leg up.

And remember the 150 pips move observation (or 200, 250 and 300 sometimes). This pullback affords the US market a better foundation for the balance of a 150 pip move from lower whole number up thru upper whole number and on to the half number above that. It could go even higher. That is how I see it, anyway.

Also, as far as re-entry goes, picking the re-entry level has been described as "might be best if PA first passes previous significant H/Ls". However, choice is flexible. Look at some runs and you find spots PA protruded thru the Dragon while the market added for the run. Entry in that area is like a Sonic Scout SonicR re-entry, I suppose.... certainly riskier.
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  • #22,354
  • Jun 27, 2011 8:53am Jun 27, 2011 8:53am
Quoting traderathome
EU:

Added SR EL5 = 1.4175. This is a SonicR re-entry on a very nice pullback managed by the US market. Soon as PA closes above upper whole number, I will raise the SL to include EL5.
EU:

SL is raised to SL2 position and all entries are now protected better than before.
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  • #22,355
  • Jun 27, 2011 9:01am Jun 27, 2011 9:01am
Quoting traderathome
Those are not indicators. They are manually set entry levels, either long or short as indicated.

Oh, thanks Kimis. You already answered!


Thanks gentlemen, but in that case, how do we draw the lines? do we use any particular S&R or we just wait for TAH to give us the figures
  • #22,356
  • Jun 27, 2011 9:06am Jun 27, 2011 9:06am
Actualy I'm trading by my self, not copying TAH, or anyone else. it is dangerous but I always read other's posts to learn from
  • #22,357
  • Jun 27, 2011 9:08am Jun 27, 2011 9:08am
Quoting Adeleke
Thanks gentlemen, but in that case, how do we draw the lines? do we use any particular S&R or we just wait for TAH to give us the figures
Those are just Horizontal lines where TAH entered positions at, all platforms have em
  • #22,358
  • Jun 27, 2011 9:10am Jun 27, 2011 9:10am
Quoting lemna
Hi All,
I'm new here but have been following this thread as a lurker for some time.
I'd really like to thank all of you guys for contributing so much to a really great system, especially Sonic, Nando Rich and TAH. I've been searching for a good, solid system that makes sense, and here I have found the answer.
Does anyone have any thoughts about taking trades during the 3 hours before NY opens? I think Sonic advised against it at the beginning of this thread, but a lot of time has moved on since then and I'm wondering what people think about this....
"Does anyone have any thoughts about taking trades during the 3 hours before NY opens? I think Sonic advised against it at the beginning of this thread, but a lot of time has moved on since then and I'm wondering what people think about this." - lemna

You "think" Sonic advised against it? Man, go back to Posts 1-20!
  • #22,359
  • Jun 27, 2011 9:11am Jun 27, 2011 9:11am
Quoting Adeleke
Thanks gentlemen, but in that case, how do we draw the lines? do we use any particular S&R or we just wait for TAH to give us the figures
yeah, this system made us, new comers, confuse... like me. We have to read what they wrote before, for me, it takes time, coz english is not my main language... banzai !!http://www.forexfactory.com/images/icons/icon10.gif
  • #22,360
  • Jun 27, 2011 9:14am Jun 27, 2011 9:14am
Quoting traderathome
"Does anyone have any thoughts about taking trades during the 3 hours before NY opens? I think Sonic advised against it at the beginning of this thread, but a lot of time has moved on since then and I'm wondering what people think about this." - lemna

You "think" Sonic advised against it? Man, go back to Posts 1-20!
If theres a good trade setup I'll take it, Im in front of my computer from 1 am to 12 pm est everyday so it doesnt even matter for me !
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