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Sonic R. System

  • #23,821
  • Jul 25, 2011 4:03am Jul 25, 2011 4:03am
Quoting Doncex
eu sell 4338
Why one always want to swim into the small pond..

Sonic
  • #23,822
  • Jul 25, 2011 4:06am Jul 25, 2011 4:06am
Quoting traderathome
Price was gapped down to S&R. Previously, PA fell to this S&R, then rose and then fell back down and thru it. Then PA rose up thru it. Now PA has been gapped down to it again. How do you know PA won't bounce up? Why are you taking the short trade here instead of waiting for PA to fall thru the S&R (if it does) and then come back to/near it (which it probably would)?
Hi DD,

From TAH's chart on GBP/CHF daily, are you basically just adding to your "existing shorts" ?

And apart from the pullback to the Lower Dragon, you are going Short here because last Daily candlestick is also showing an Inverted-Hammer and the stop loss is acceptable to you ??
  • #23,823
  • Edited 5:07am Jul 25, 2011 4:56am | Edited 5:07am
EU long trade. Target @ 1.4440.
No volume at low. I am going to put sl to BE if i manage to get 20-30 pips.

Edit: SL @ BE +1. I am going to swim.
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  • #23,824
  • Jul 25, 2011 5:06am Jul 25, 2011 5:06am
Quoting sonicdeejay
Why one always want to swim into the small pond..

Sonic
I told cha..

Tp1 hit with near 60 pips profit..

Sonic
  • #23,825
  • Jul 25, 2011 5:07am Jul 25, 2011 5:07am
@master, pls post a screenshot of entry and exit
Poshcom
  • #23,826
  • Jul 25, 2011 5:13am Jul 25, 2011 5:13am
hunt em down
aligater
Attached Image
born to speculate
  • #23,827
  • Jul 25, 2011 5:24am Jul 25, 2011 5:24am
Dear Sonic, TAH,

How you guys have changed trading complexity to simplicity. I have been invisibly following James16 for long, but finally couldn't resist but to interact you guys. Im not a keen follower of any system, but SonicR isn't just a system. It is a mindset. I don't know how to express my gratitude in words men, I really dont know. Taking this a bit far, but every word here just expresses how truly blessed I am that I finally understand price activity - cornerstone to trading of any sort.

However, Im not pro. And I would heavily appreciate some insights, if you feel this is appropriate ( that, after 25K posts, someone can still ask a fundemental question ).

The screenshot trade allowed me to make a quick 19 pip profit. My question is, given the setup is alright, how did the SonicR Volume Spread Analysis really played a part?

Again, deep - deep respect guys, I converted because of you guys.

I.m irev.
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  • #23,828
  • Jul 25, 2011 5:25am Jul 25, 2011 5:25am
Quoting FelixFX
@master, pls post a screenshot of entry and exit
Read the thread. There are tons of them ...

Regards,
Basber
Trading methods are designed to put the odds in our favor, not predicting.
  • #23,829
  • Jul 25, 2011 5:39am Jul 25, 2011 5:39am
Quoting Doncex
eu sell 4338
eu hit sl,but Im still bearish

waiting for another chance for short
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  • #23,830
  • Jul 25, 2011 5:50am Jul 25, 2011 5:50am
Quoting ddaytrader
I do not have time to grab a chart image, but I am selling the GBP/CHF here at 1.327X ... chart to follow showing this SonicD trade. (I'm going to call it SOnic"D" for daily time frame, because ...it ... also stands alone as a solid way to trade the daily TF using the Sonic dragon for long term trend....
When you are trading from the daily TF, there is no such thing as "Asia Session," "London Session," "US Session." There is only the trend ... and when trend decides to stop loitering and get a move on, you are either at the station waiting to go, or your left on the platform waving good bye.

Price below dragon, 2ROC rises to +0 and turns down, price trades below the 2ROC peak low ... a quick 200 pips!
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  • #23,831
  • Jul 25, 2011 6:07am Jul 25, 2011 6:07am
Quoting ddaytrader
When you are trading from the daily TF, there is no such thing as "Asia Session," "London Session," "US Session." There is only the trend ... and when trend decides to stop loitering and get a move on, you are either at the station waiting to go, or your left on the platform waving good bye.

Price below dragon, 2ROC rises to +0 and turns down, price trades below the 2ROC peak low ... a quick 200 pips!
But ROC went down just becouse of monday open gap. Is this still valid entry for SonicD ? there is many situations when gap is beeing closed during first half of day, so by entering short after gap down you are putting your trade at risk almost immediately. yes, this time price came even 200 pips lower
  • #23,832
  • Jul 25, 2011 6:22am Jul 25, 2011 6:22am
Quoting kimis
But ROC went down just becouse of monday open gap. Is this still valid entry for SonicD ? there is many situations when gap is beeing closed during first half of day, so by entering short after gap down you are putting your trade at risk almost immediately. yes, this time price came even 200 pips lower
You worry too much. Trading is risk - use a stop loss and trade sensible size.

Don't believe the hype about gaps - I've made far more money believing the gap than going against it hoping for a fill.

Indicators can only do what price is telling them - if ROC turns down that hard at the open, it is not turning back up anytime soon.
  • #23,833
  • Jul 25, 2011 6:24am Jul 25, 2011 6:24am


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enigma4x
enjoy my life ... and ride the waves - all what I do
  • #23,834
  • Jul 25, 2011 6:30am Jul 25, 2011 6:30am
Quoting sonicdeejay
Why one always want to swim into the small pond..

Sonic
Master there was a strong short wave and + london open confirm short wave at these market state
there was only one minus that against the trend,so I take only one trade...

Im know what Im doing

thanks for comment
  • #23,835
  • Jul 25, 2011 6:37am Jul 25, 2011 6:37am
I will only Short term bearish, if 1.431x taken strongly..

IF not.. I am still bullish..


Inserted Video


Sonic
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  • #23,836
  • Jul 25, 2011 6:44am Jul 25, 2011 6:44am
Quoting Doncex
Master there was a strong short wave and + london open confirm short wave at these market state
there was only one minus that against the trend,so I take only one trade...

Im know what Im doing

thanks for comment
I understnad u trade

enigma4x
enjoy my life ... and ride the waves - all what I do
  • #23,837
  • Jul 25, 2011 6:52am Jul 25, 2011 6:52am
Quoting sonicdeejay
I will only Short term bearish, if 1.431x taken strongly..

IF not.. I am still bullish..


http://www.youtube.com/watch?v=Ty0u1PzXfTo&ob=av2n

Sonic
you maybe dont see it, but there are many opposite signs.
aligater
born to speculate
  • #23,838
  • Jul 25, 2011 7:14am Jul 25, 2011 7:14am
Quoting enigma4x


Attachment

enigma4x
I hope others Sonikers take a few moments or minutes or however long it takes to understand the implications of your chart.

I would recommend this be added to the SonicSchool Notebook.

I'm heading out for the day, see you Sonikers later!
  • #23,839
  • Jul 25, 2011 8:01am Jul 25, 2011 8:01am
Quoting ddaytrader
I hope others Sonikers take a few moments or minutes or however long it takes to understand the implications of your chart.

I would recommend this be added to the SonicSchool Notebook.

I'm heading out for the day, see you Sonikers later!
yess man thanks - off cause - no prob. - feel free

enigma4x
enjoy my life ... and ride the waves - all what I do
  • #23,840
  • Jul 25, 2011 8:33am Jul 25, 2011 8:33am
Quoting enigma4x


Attachment

enigma4x

try this out: Random Equity Curve Simulator
http://www.financialpicks.com/simulator.html

it shows complete picture of reward/risk
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