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Sonic R. System

  • #22,941
  • Jul 7, 2011 4:06am Jul 7, 2011 4:06am
Quoting foxybunny
Hi Sunbrella,

Have gone through reading most your posts, and all your posts within SonicR.
Majority of your posts make sense in regards to SonicR, EWT and Slingshot.

Pls refer to your above post and look at your chart attached there.
It was a Downtrend, with EWT count 1-2-3-4-5.
As it is a Downtrend, why was Wave-5 labelled ABOVE Wave-4 in this chart ??

Expect Wave-5 to be BELOW Wave-4 for Downtrend.

Seem I will be looking more attentively to the effects of this Slingshot as well, especially in relation to Sonic Scout.
Thanks....
foxybunny, those numbers are not related to any EWT counting, they are simply referring IDs of the set-ups on the pic. That picture was intended for discussing/clarifying those pure SonicR set-ups without any EWT.

Slingshots will help protecting you to be fooled when it occures indicating that there is a higher probability that the trend is going to continue against the current PA (watch for possible set-up into that direction instead).
Mind the gap
  • #22,942
  • Jul 7, 2011 4:12am Jul 7, 2011 4:12am
Quoting foxybunny
I don't mean the MACD indicator.
I mean whether or not you can share the Elliot Wave Counting Indicator?
It is clear now, its a standalone analysis tool for EWT fans from elliottician.com (not related to MT4). Will send you a PM regarding this.
Mind the gap
  • #22,943
  • Jul 7, 2011 5:08am Jul 7, 2011 5:08am
I have a pending sell stop order below the LH. This trade my fail according to the current situation and becomes invalid if PA takes out the last recent high ~1.4345.
Attached Image (click to enlarge)
Click to Enlarge Name: EU_110707_h1_stop selll pending.gif Size: 39 KB
Mind the gap
  • #22,944
  • Edited 5:46am Jul 7, 2011 5:14am | Edited 5:46am
Quoting Sunbrella
I have a pending sell stop order below the LH. This trade my fail according to the current situation and becomes invalid if PA takes out the last recent high ~1.4345.
be carefull trader

enigma4x

p.s. tons of news are comming soon and my bias is still long - very good support for me 1.43 - may it will hold and bounce
enjoy my life ... and ride the waves - all what I do
  • #22,945
  • Jul 7, 2011 5:16am Jul 7, 2011 5:16am
Quoting sonicdeejay
Seems nice support hit..
looking to 1.44xx...as overhead resistance
But looking bearish...so stay side line..

Sonic
Hi sonic, how do you determine overhead resistance?
  • #22,946
  • Jul 7, 2011 6:07am Jul 7, 2011 6:07am
Quoting Sunbrella
I have a pending sell stop order below the LH. This trade my fail according to the current situation and becomes invalid if PA takes out the last recent high ~1.4345.
1.425x is another key level, if it break down, we will see 1.421x.
it's big news on today, by the reward/risk factor we see, I would let it go.
seeing through
  • #22,947
  • Jul 7, 2011 6:10am Jul 7, 2011 6:10am
Quoting ycchai
Hi sonic, how do you determine overhead resistance?
let me gues - it is former support which is now above PA, so it became a resistance.
  • #22,948
  • Jul 7, 2011 6:23am Jul 7, 2011 6:23am
Quoting pipphunter
looking for level to short on gold, it need to be good level with good protection and tight stop....it may not happen today.. but no EU for me in next 12 hours
good luck
here we go..stop @BE and banked some pips, leave some to see 1518x, if it break. it's still counter trend anyway...
Attached Image (click to enlarge)
Click to Enlarge Name: gold 15m.jpg Size: 73 KB
seeing through
  • #22,949
  • Jul 7, 2011 6:24am Jul 7, 2011 6:24am
Even though the avatar looks a bit ominous, it just shows looks can be deceiving - what a super guy sonicdeejay is.
Thanks for your sharing the system
  • #22,950
  • Jul 7, 2011 6:28am Jul 7, 2011 6:28am
Quoting pipphunter
1.425x is another key level, if it break down, we will see 1.421x.
it's big news on today, by the reward/risk factor we see, I would let it go.
Yes, you are right, 1.425x is my optional target, this wave also may end there. Depends on the PA - how does it look like along the way to that level.

My ideal target around 1.42 coincides with fibo 78.6 retracement level on the higher degree (fits well into the bigger picture). Will see how this thing develops and make decisions accordingly.
Mind the gap
  • #22,951
  • Jul 7, 2011 6:37am Jul 7, 2011 6:37am
Buckle up mates!!
Here come the ride..


Sonic
  • #22,952
  • Jul 7, 2011 6:38am Jul 7, 2011 6:38am
Quoting Sunbrella
I have a pending sell stop order below the LH. This trade my fail according to the current situation and becomes invalid if PA takes out the last recent high ~1.4345.
Set to BE+ according to the pic, I must be off for a while.
Attached Image (click to enlarge)
Click to Enlarge Name: EU_110707_m15_short.gif Size: 40 KB
Mind the gap
  • #22,953
  • Jul 7, 2011 6:43am Jul 7, 2011 6:43am
Quoting Sunbrella
Yes, you are right, 1.425x is my optional target, this wave also may end there. Depends on the PA - how does it look like along the way to that level.

My ideal target around 1.42 coincides with fibo 78.6 retracement level on the higher degree (fits well into the bigger picture). Will see how this thing develops and make decisions accordingly.
Just an idea, If i trade it, i will do it like this. it gives better risk/rewark...
Attached Image (click to enlarge)
Click to Enlarge Name: eu15.jpg Size: 82 KB
seeing through
  • #22,954
  • Jul 7, 2011 6:55am Jul 7, 2011 6:55am
Quoting sonicdeejay
Buckle up mates!!
Here come the ride..


Sonic
Low volatille...maybe hunters lurking...
waiting to turn it,,,
born to speculate
  • #22,955
  • Jul 7, 2011 7:12am Jul 7, 2011 7:12am
Quoting aligater
Low volatille...maybe hunters lurking...
waiting to turn it,,,

ADP Non-Farm Employment Change is more interesting for the BB I suppose..

Sonic
  • #22,956
  • Jul 7, 2011 7:12am Jul 7, 2011 7:12am
Quoting sonicdeejay
Buckle up mates!!
Here come the ride..


Sonic
helmet on
Attached Image
seeing through
  • #22,957
  • Jul 7, 2011 7:46am Jul 7, 2011 7:46am
No more short for me..

Sonic
Attached Image (click to enlarge)
Click to Enlarge Name: shi.gif Size: 41 KB
  • #22,958
  • Jul 7, 2011 7:50am Jul 7, 2011 7:50am
Quoting pipphunter
I think London session is good, but not the major rule to filter out the bad setup, Asian section has runner too. look at the attached big picture, your long setup was right heading to overhead resistance of 0.8500. it has little chance in Asian section to pop this big level and take home run, unless we have some breaking news, or in very thin market.

As I am trying to learn being selective on take high quality setup, I marked the major support level in green, if long setup occur there,it will be good one to take, with little risk by putting stop...
This' what I was talking about, good level selection of entry will make your trade much safer and profitable
Attached Image (click to enlarge)
Click to Enlarge Name: ucf.jpg Size: 97 KB
seeing through
  • #22,959
  • Jul 7, 2011 7:54am Jul 7, 2011 7:54am
Quoting Sunbrella
Set to BE+ according to the pic, I must be off for a while.
what is your plan - did u let turn a winner into a loser ???

enigma4x
enjoy my life ... and ride the waves - all what I do
  • #22,960
  • Jul 7, 2011 7:57am Jul 7, 2011 7:57am
Quoting Sunbrella
Yes, you are right, 1.425x is my optional target, this wave also may end there. Depends on the PA - how does it look like along the way to that level.

My ideal target around 1.42 coincides with fibo 78.6 retracement level on the higher degree (fits well into the bigger picture). Will see how this thing develops and make decisions accordingly.
yeah.. from my experience, the tranditional S/R levels have higher importance and reliability compare to the pure Fabonacci ret levels..simply because more people use it. the best one is where those two overlap..
Nice trade
seeing through
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