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Sonic R. System

  • #22,441
  • Jun 28, 2011 8:49am Jun 28, 2011 8:49am
Quoting Sunbrella
No wonder TAH, EU is in a nasty correction phase, big movements in both directions while the net result is getting nowhere ), which finishes on your nerves (mine as well). Better to do something else till then.
I'm going to open a new long @ around 1.428x (except PA goes below 1.4235).

or

I'm going to open a short @ around 1.437x (except PA goes below 1.4235)

or

I'm going to grab a beer (no exceptions)
Mind the gap
  • #22,442
  • Jun 28, 2011 8:53am Jun 28, 2011 8:53am
EU:

I am going with my convictions on this, and a small entry order.
EP short at 1.4326. The overall trend is down, which is my insurance if this blows upwards today.

This is not SonicR, not even a Scout.....it is a Scary trade. (I just feel I have to do this one. Either I will be right, or God will be teaching me a lesson I must learn.)
Attached Image (click to enlarge)
Click to Enlarge Name: # june 28, 2011 - 427.gif Size: 34 KB
  • #22,443
  • Jun 28, 2011 8:55am Jun 28, 2011 8:55am
TAH, where is yout previous ESs ? havent you changed your TP from 1.425 ?
  • #22,444
  • Jun 28, 2011 9:00am Jun 28, 2011 9:00am
Quoting kimis
TAH, where is yout previous ESs ? havent you changed your TP from 1.425 ?
Kimis, I already closed them out. Check post #22424:

http://www.forexfactory.com/showthre...99#post4731999
  • #22,445
  • Jun 28, 2011 9:00am Jun 28, 2011 9:00am
what was that - news realeased 17 minutes before planed
  • #22,446
  • Jun 28, 2011 9:06am Jun 28, 2011 9:06am
Quoting kimis
what was that - news realeased 17 minutes before planed
Right at the time advertised.
  • #22,447
  • Jun 28, 2011 9:16am Jun 28, 2011 9:16am
Quoting papero22
With sonic i have lost only today 60 pips and yesterday 180.I don't understand because the people are happy of this system.It's not profitable.actuation
System rules clearly work, be patient and do not shoot until you learn to aim properly. Takes some time.
Mind the gap
  • #22,448
  • Jun 28, 2011 9:18am Jun 28, 2011 9:18am
Quoting traderathome
Right at the time advertised.
nopez, it was advertised for 17.00, but published 16.43. there is an message that data leaked http://www.forexfactory.com/news.php?do=news&id=301274
  • #22,449
  • Edited 9:33am Jun 28, 2011 9:20am | Edited 9:33am
Quoting traderathome
EU:

I am going with my convictions on this, and a small entry order.
EP short at 1.4326. The overall trend is down, which is my insurance if this blows upwards today.

This is not SonicR, not even a Scout.....it is a Scary trade. (I just feel I have to do this one. Either I will be right, or God will be teaching me a lesson I must learn.)
EU:

Added to short at 1.4366.

This has been a 250+ pip drive up from LOD yesterday. This is the resistance area Sonic mentioned. While PA might be pushed higher, probably not much higher. Have added pending 3rd order at 1.4406, just in case this manages the 300ish pip kind of swing up (2nd chart).
Attached Image(s) (click to enlarge)
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Click to Enlarge Name: # june 28, 2011 - 429.gif Size: 32 KB
  • #22,450
  • Jun 28, 2011 9:39am Jun 28, 2011 9:39am
Quoting traderathome
EU:

With less than 20 minutes to the release, the market is pushing PA firmly up against the resistance area. This still makes me feel bearish, because how it is to the market's advantage to keep pressing for fractionally higher and higher pricing before the release, IF the market plans on a move up later?
maybe it is sign to reconsider this theory? if BBs knew news release data,why they were so dumb to push price up and to hold it?

Or... that drive up from todays low can look suspicious in light of data leak...
  • #22,451
  • Jun 28, 2011 9:39am Jun 28, 2011 9:39am
Quoting traderathome
EU:

Added to short at 1.4366.

This has been a 250+ pip drive up from LOD yesterday. This is the resistance area Sonic mentioned. While PA might be pushed higher, probably not much higher. Have added pending 3rd order at 1.4406, just in case this manages the 300ish pip kind of swing up (2nd chart).
Someone is letting emo rules..again..trying to pick top..

Sonic
  • #22,452
  • Edited 10:01am Jun 28, 2011 9:45am | Edited 10:01am
Quoting kimis
maybe it is sign to reconsider this theory? if BBs knew news release data,why they were so dumb to push price up and to hold it?

Or... that drive up from todays low can look suspicious in light of data leak...
Kimis, my theory has always been that the data is usually immaterial. The BBs already know, most of the time, what they are going to do with PA before, during, or after a release (any combination of the three) no matter what is in the release. Not always, but much of the time.

So, the release is important as a timed event of possible high volatility, and not important as per its contents.

In the case of PA today, I am thinking the BBs decided to push PA as far up from LOD yesterday as they could economically do, 250 - 300 pips, while they had an excuse to do so. If the release content did not help, they'd be putting a spin on it so that it does help.

Who knows, later this week or next, we might look back on this PA and remark, "Wow, what a pump and dump!" I know Sonic frowns on too much of this stuff, but it is part and parcel to the market.....a BB strategy used universally in all trading markets. I won't say more on it now. Lets see what happens.

Oh, and thanks for the link on the leak:
http://www.forexfactory.com/news.php?do=news&id=301274
You already know what I am going to say. Yep. This news of a leak it to make it seem the move up was genuine reaction to news. This gets traders in a mood to start buying also, just sad they couldn't have jumped the gun like the market did....

LOL! What if they find out next week the market was SELLING into the new rush of buyers?????

Creative strategy here too. Put on a show for potential buyers. Then put out a news item protending to make the run genuous, so as to draw buyer in. And when they put 2+2 together and start buying also, the Market hand its longs off to them while going short.
  • #22,453
  • Jun 28, 2011 9:47am Jun 28, 2011 9:47am
Quoting papero22
With sonic i have lost only today 60 pips and yesterday 180.I don't understand because the people are happy of this system.It's not profitable.actuation
er...??
Ya.. it is not a profitable system..


Sonic
Attached Image (click to enlarge)
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  • #22,454
  • Jun 28, 2011 9:53am Jun 28, 2011 9:53am
Quoting Sunbrella
I'm going to open a new long @ around 1.428x (except PA goes below 1.4235).

or

I'm going to open a short @ around 1.437x (except PA goes below 1.4235)

or

I'm going to grab a beer (no exceptions)
Finally entered short @ 1.43966. TP option: 1.4317x
Attached Image
Mind the gap
  • #22,455
  • Jun 28, 2011 9:54am Jun 28, 2011 9:54am
papero22, you might be taking every entry on the 15m chart... if so you'll find you're much more profitable if you only take the 15m chart setups that match bounces off S&R you can identify on 4H charts... plus go for the longer wave build-ups... and trade only after London open and not during the 3 hours before NY opens.
You shouldn't be taking trades every day with Sonic classic. There wasn't even a sonic classic set up today.
  • #22,456
  • Jun 28, 2011 10:01am Jun 28, 2011 10:01am
Quoting traderathome
EU:

Added to short at 1.4366.

This has been a 250+ pip drive up from LOD yesterday. This is the resistance area Sonic mentioned. While PA might be pushed higher, probably not much higher. Have added pending 3rd order at 1.4406, just in case this manages the 300ish pip kind of swing up (2nd chart).
This trade does NOT belong in SonicR thread.
It is not SonicR, not Sonic Scout.

It has nothing to do with dragon wave or price action or volume either.
It might still turn out ok for you, and that is pure gambling luck.

It should be classify as something else that I will not mention yet.

When a person earn 500pips-1000pips in a day/week, something goes to their head.
This is the time to be more careful once you have a great day/week.
  • #22,457
  • Jun 28, 2011 10:04am Jun 28, 2011 10:04am
Quoting sonicdeejay
er...??
Ya.. it is not a profitable system..


Sonic
Donīt overcomplicate things with theories - market did behave today as an almost textbook breakout - pullback - continuation pattern - and so was yesterday
Attached Image (click to enlarge)
Click to Enlarge Name: eu15minnew.gif Size: 43 KB
"The future is already written in the past"
  • #22,458
  • Jun 28, 2011 10:12am Jun 28, 2011 10:12am
hey my time zones are off on the sonicr 5/15/11 release white, not that big of a deal but it says in the template 1:08 PM, NY right now... I live in NY and I'm pretty sure its 11:10 right now lol just wondering if anyone elts has this problem or if there is a solution
  • #22,459
  • Jun 28, 2011 10:29am Jun 28, 2011 10:29am
One of the things I have learned the hard way is to NOT try to catch falling knives or stand in the way of freight trains. Plan the trade were you want to enter - and then let price come to you. Patience is a great virtue - so donīt fcuk with it and enter to early - donīt be trigger happy . This way you can save yourself a lot of drawdown.
"The future is already written in the past"
  • #22,460
  • Jun 28, 2011 10:34am Jun 28, 2011 10:34am
Quoting hansma
Donīt overcomplicate things with theories - market did behave today as an almost textbook breakout - pullback - continuation pattern - and so was yesterday
Hansma, excellent, excellent, excellent post. And your recent charts have been very thought provoking.....simple, logical and no theories. They appeal to something inside of me that needs work.

Sunbrella, your trades were dead on! No BS, just great reaction to PA.

Hansma and Sunbrella, you both were making a same point today, the 1.4235 level. You two are level headed valuable contributors to this thread.

Thank you both for being here,
-tah
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