Sonic R. System | Page 1130 | 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

  • #22,581
  • Jun 29, 2011 6:01pm Jun 29, 2011 6:01pm
Well who ever called out 1.45 will have it pretty soon
  • #22,582
  • Jun 29, 2011 6:07pm Jun 29, 2011 6:07pm
The PA is into a big triangle...

We can see a triangle DTL fit with a S&R and with the upper band of m30 channel...

If the PA bounce off this zone and a propper wave happen i'll think in short if not my BIAS is bullish...

I did just a trade this week on monday...no more sonicr setup clear for me...

Wacht the propper big m30 wave playing S&R zones + TL.

PATIENCE IS THE KEY. TRADE SURE
Attached Image(s) (click to enlarge)
Click to Enlarge Name: _30-06-2011_eu_.gif Size: 28 KB
Click to Enlarge Name: _30-06-2011_eu_m30.gif Size: 36 KB
"Being picky only cost your time - not MONEY"...Hans
  • #22,583
  • Jun 29, 2011 6:08pm Jun 29, 2011 6:08pm
Quoting PipDizzle
Well who ever called out 1.45 will have it pretty soon

The golden rule of trading is to cut losses and let profits run.


Best Regards.
"Being picky only cost your time - not MONEY"...Hans
  • #22,584
  • Jun 29, 2011 6:16pm Jun 29, 2011 6:16pm
Quoting PipDizzle
Well who ever called out 1.45 will have it pretty soon
and someone got trouble....http://www.forexfactory.com/images/icons/icon9.gif
  • #22,585
  • Jun 29, 2011 7:25pm Jun 29, 2011 7:25pm
Quoting PipDizzle
Well who ever called out 1.45 will have it pretty soon
I have my 2 long TP near that region,,
That will be fun,,

Meanwhile, All my pos in SL @ BE, enjoying free rollarcoaster ride at FX theme park..

Sonic
  • #22,586
  • Edited 7:44pm Jun 29, 2011 7:29pm | Edited 7:44pm
EU:

Well, here might be some reasons for PA to soon reverse....

1. PA has already hit the FE 100% expansion level

2. The PA activity up is a Bear Channel

3. A third reason is not evident from the chart. But consider the possibility that many traders may have placed sell orders around the upper whole number.....1.4500. It simply might not be profitable for the market to try to drive price up thru that level. The market would have to fill all those sell orders before it could move the price beyond. It might not be profitable to do that. And the stop loss pickings between the current high and the upper whole number where all the sell orders could be, might be just too puny to bother with.

4. On the Daily chart, PA has already hit the FR 50% retrace level. To make another tap on the red declining TL, PA might first drop a good bit and come back up days later to tap it at a lower place.
Attached Image(s) (click to enlarge)
Click to Enlarge Name: # june 29, 2011 - 452.gif Size: 29 KB
Click to Enlarge Name: # june 29, 2011 - 453.gif Size: 32 KB
  • #22,587
  • Jun 29, 2011 9:15pm Jun 29, 2011 9:15pm
Quoting traderathome
After viewing your recent charts yesterday, I had proof before me that (as ddaytrader would agree) S&R is better than whole number divisions, which is better than pivots, which is better than nothing. Support & Resistance reigns supreme!

I started with EU and, using the horizontal line tool, began to add some S&R lines to the chart. I just did not like the fact that the right margin labels show up, and there was no way to not display them. Or, was there...?

The result of it all is a new indy, the SonicR S&R Lines indicator. Right now...

What is the main differences between "S&R Lines indicator" versus drawing horizontal lines ?

What is the advantage of this "S&R Lines indicator" over horizontal lines?

I may have mis-understood your post.
  • #22,588
  • Jun 29, 2011 10:04pm Jun 29, 2011 10:04pm
Quoting traderathome
Stop Loss Executions Are Not Guaranteed!

Check with your broker if you do not believe this. SL orders are executed "at best available price". The danger this presents is that the price moves too quickly thru the SL level and far beyond, opposite the trade direction. When the price movement finally slows down long enough for the SL execution order to catch up with the current price, the trade might be stopped out quite far from the intended level!

I have only heard of one broker that guarantees SL execution, but do not remember the...
IGMarket offers their "Guarantee Stop" at a little bit of premium of some pips as per normal insurance.
  • #22,589
  • Jun 29, 2011 10:20pm Jun 29, 2011 10:20pm
Quoting Domas4
Here is my talisman that sits on my trading table. When market is bullish he is quite happy. But when the market goes south, he turns his... well see for yourself.
Nice talisman, Domas.
May consider getting one too.

Does the talisman move by itself like an EA/indicator so it can tell you the direction whether it is Bullish or Bearish or is this a manual indicator ?
  • #22,590
  • Edited 11:03pm Jun 29, 2011 10:35pm | Edited 11:03pm
Quoting sonicdeejay
1.45xx next.. if 1.437x holds..

http://www.forexfactory.com/attachme...7&d=1309358271

Sonic
12 hrs later.. 1.45 hit..

Sonic
Attached Image (click to enlarge)
Click to Enlarge Name: r.gif Size: 30 KB
  • #22,591
  • Jun 29, 2011 10:44pm Jun 29, 2011 10:44pm
Quoting sonicdeejay
12 hrs later.. 1.45 hit..

Sonic
perfect master sonic.

great week for us sonicer ...



mmhh Iīm thinking to add ej maybe. it should follow or at least to form an double top.

enigma4x
enjoy my life ... and ride the waves - all what I do
  • #22,592
  • Jun 29, 2011 10:47pm Jun 29, 2011 10:47pm
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.)

Quoting traderathome
EU:
(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.)
You Ask for it, and You Receive it.

What is the lesson you are learning ??

Your nemesis EUR/USD has return to you.

Why must you feel the need "to be right all the time" ??

You just need to be right "some times" and let it go for the other times.

Just wondering if you are allow to go both Long and Short positions at same time with your broker.
As heard US broker does not allow this.
And perhaps this is the Other Main reason why you always hold onto your positions and convictions??
And when you are Short EU, as you don't want to exit your Short, is it possible for you to at least think of going Long as well just as a probe and vice-versa??

If your broker does not allow both Short and Long, I would suggest you open another sub-account with same broker or have another different broker, so that Account-A can go Long, and Account-B can go Short, for situations such as this one.

Hope you really take some time over this weekend to reflect and re-analyse your Scout entries from my earlier question on why you would NOT enter YET for EU Long EL1, EL2, EL3, etc, and now why you would NOT enter YET for EU Short ES1, ES2, ES3, ES4, ES5, etc..
This re-analysis work definitely would have save you some entries.

Note that you positively do seem to get it right by the time it is ES6, ES7, ES8, ES9, and ES10.

Few times, you mentioned you want to "Let Market Decide", but you obediently disobey this as "You Decide." rather than just "Let Market Decide. Then follow the Market Quickly."
Why ????

Sharing/Expressing is caring.
  • #22,593
  • Jun 29, 2011 10:50pm Jun 29, 2011 10:50pm
Quoting foxybunny
You Ask for it, and You Receive it.

What is the lesson you are learning ??

Your nemesis EUR/USD has return to you.

Why must you feel the need "to be right all the time" ??

You just need to be right "some times" and let it go for the other times.

Just wondering if you are allow to go both Long and Short positions at same time with your broker.
As heard US broker does not allow this.
And perhaps this is the Other Main reason why you always hold onto your positions and convictions??
And when you are Short EU, as you don't want to exit...

mmmh If I counted right it should be about ES1326.



but donīt worry it was prof by danpa, hasma or some of these other stooges ... there is a great MM behind it. I try it to learn and a magic S/R thinking

enigma4x
enjoy my life ... and ride the waves - all what I do
  • #22,594
  • Jun 29, 2011 11:15pm Jun 29, 2011 11:15pm
Quoting sonicdeejay
12 hrs later.. 1.45 hit..

Sonic
now what, fly away to next stage? wish EU go to 1.455
  • #22,595
  • Jun 29, 2011 11:24pm Jun 29, 2011 11:24pm
Quoting traderathome
EU:

I disagree. And I see good reason to, just referring to the M1 Price/Volume relationship.

1. After the whipsaw, the heaviest volume for the day was via bear candles falling off the highs.

2. The current run up is on diminishing volume.

3. The current run up exhibits series of pumps and dumps.....simply meaning price moves the next step up (which takes an increase in volume) but then shows similar high volume as price holds the step, followed by similar high volume as price drops part way back.....pump (it up) and dump (close the pump...

1. After the whipsaw, the heaviest volume for the day was via bear candles falling off the highs.

Yes. It fell then it QUICKLY rejected the low 1.4350 with the long tail bar.
Then it tested the low again and quickly rected some short time later.

FYI, on 28-Jun I did have a Short EUR/USD at 1.4269, and it did have a 30pips running profit originally, then I got greedy and move the TP and SL.
So did not hit TP, and within 10-seconds of moving SL to BE+2, it hit SL instead.
The speed of rejection at bottom 1.4240 and hitting my SL quickly was the other reason why I think Long EU has the momentum for the coming days.

My weekly bias for EU is Long, I went Short for a quick possible profit and perhaps also listening to your post. But I did wait for my confirmation to go short.

I no longer look at M1 Price/Volume relationship, prefer higher timeframe Volume to avoid noise.
Look at the Hourly and Daily Volume and you will know.
The M1 Price/Volume your chart shown also proved that it rejected quickly at the bottom prices for now.



2. The current run up is on diminishing volume.

Yes agreed. Normally diminishing volume is Not a good sign.
Then again you are lookiing at M1 volume.
Look at Daily/Hourly Volume for clearer picture and you see nice normal volume and price action acted accordingly.

Also note Volume would be expected naturally to be diminishing around this time of your chart, reason been most of Red news items out of the way, and UK session close, and getting to middle quieter US session instead.


3. The current run up exhibits series of pumps and dumps.....

Hmmm, there is a bit of "Pump and Dump".
I disagree here.
As I see it more of "Dump and Pump" with the Long tail.

Awaiting for more of your signals of "Dump and Pump" as still waiting to enter for more Long EUR/USD.


OK, my EUR/USD outlook attached in Daily chart.
Look at my comments.
Expecting a natural resistance when EU at 1.4500.
My Daily chart will do the talking here.
I don't normally post charts now due to my MT4 hangs a lot.

My Short EU on 28-Jun was proven wrong, so I went Long EU.
I have moved my Long position to BE+2.
I still need to improve on profit taking, rather than letting profit go back to zero.
I also don't like it when it runs back to BE.
When my Long position is proven wrong by the market, I will go Short again. And vice-versa.


Let the Market Decide, and then Quickly Follow the Market. - I will need to do this also.


Attached Image (click to enlarge)
Click to Enlarge Name: 2011-06-30-EURUSD_D1_Outlook_FB.jpg Size: 113 KB
  • #22,596
  • Jun 30, 2011 1:07am Jun 30, 2011 1:07am
I guess our beloved TAH is asleep..
And he gonna like, what I say next..

SS short sent.. 1.450x.. Tight SL..
Looking 1.447x and 1.445x


General bias still up for me..
Sonic
  • #22,597
  • Jun 30, 2011 1:09am Jun 30, 2011 1:09am
Quoting foxybunny
1. After the whipsaw, the heaviest volume for the day was via bear candles falling off the highs.

Yes. It fell then it QUICKLY rejected the low 1.4350 with the long tail bar.
Then it tested the low again and quickly rected some short time later.

FYI, on 28-Jun I did have a Short EUR/USD at 1.4269, and it did have a 30pips running profit originally, then I got greedy and move the TP and SL.
So did not hit TP, and within 10-seconds of moving SL to BE+2, it hit SL instead.
The speed of rejection at bottom 1.4240 and hitting my SL quickly...

Hi Foxy, this issues has been discussed many many times with TAH, with many many different members in many many occations. After all this, the only thing change is the reasons for taking counter-trend trades. if a person is strongly beleiving in where the market will go, he will ALWAYS find a reason to support his brilf, as so many timeframes/indicators provide the possible evidence for wishful thinking.

Objectivity and patience are the key, all other things are just the phenomenals / symptoms of not having it.

release!
seeing through
  • #22,598
  • Jun 30, 2011 1:16am Jun 30, 2011 1:16am
hihi sonic,

just dropping by to say hi and cheers!

regards
jest
  • #22,599
  • Jun 30, 2011 2:10am Jun 30, 2011 2:10am
entered short @4496 SL 4520 TP 4400 (61.8%)

1. mistake: I entered via market order coz I didn't have the discipline to wait for my sell limit to be triggered

2. mistake: my plan was to wait for at least one D1 candle to be bearish and enter on a retrace. Coz right now trend is strong and up. I didn't stick to the plan. I'm gambling, not trading.

4480 forms a strong support as does 4448. Questionable whether price can break through this at one go. Waiting (and above all sticking to the plan) should have proved to be the better choice here. Price is now above 4500 again which acts as support.

Question now... Close Trade with -10 pips? Or let it hit the -20 (maybe doubletop...)?
Do we have a deal?
  • #22,600
  • Jun 30, 2011 2:15am Jun 30, 2011 2:15am
Quoting Mrsaini
Hello Sir,

I followed your strategy entered long at 4340 and took profit at 4440 for 100 pips.
Great trade. BTW are you still bullish ?
Hi Mrsaini, yes, I'm still bullish, but we are in the last phase now according to EWT.
Mind the gap
21 traders viewing now