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Sonic R. System

  • #24,201
  • Aug 1, 2011 10:29am Aug 1, 2011 10:29am
Quoting pipphunter
I have very narrow range to start this week. market may change rapidly ad the US debt drama develop. The plan will be reviewed when the PA move out of the range.

plan as usual.. short at Red, and long at Gold..

possible long entry at gold support with conditions:
a. one of the gold support test and hold well.
b. seeing M15 trend reversal singnal forming around the gold support
c. other Sonic R rulls fill.
b. all above conditions must be filled


possible short entry at the three red resistant level.
a. H1 see reversal pattern
b. see near-term...

I did not take the Soinc R short because the set up is so tiny..however, the set up did establish at one of the pre-set resistance..

It's ok to pass a good trade.. let's move on.
Attached Image (click to enlarge)
Click to Enlarge Name: eu m15.jpg Size: 92 KB
seeing through
  • #24,202
  • Aug 1, 2011 10:30am Aug 1, 2011 10:30am
UChf:

Long.
Attached Image (click to enlarge)
Click to Enlarge Name: # aug 1, 2011 - 011.gif Size: 25 KB
  • #24,203
  • Aug 1, 2011 10:35am Aug 1, 2011 10:35am
Quoting pipphunter
I have very narrow range to start this week. market may change rapidly ad the US debt drama develop. The plan will be reviewed when the PA move out of the range.

plan as usual.. short at Red, and long at Gold..

possible long entry at gold support with conditions:
a. one of the gold support test and hold well.
b. seeing M15 trend reversal singnal forming around the gold support
c. other Sonic R rulls fill.
b. all above conditions must be filled


possible short entry at the three red resistant level.
a. H1 see reversal pattern
b. see near-term...

the weekly plan has been reviewed. have new levels look for setups, (short at red, and long at gold, all levels are approxmate)
I am little more bearish... but this week's market is very difficult to trade, things could change fast. I will play more scalp instead...good luck bros
Attached Image (click to enlarge)
Click to Enlarge Name: eu h1.jpg Size: 109 KB
seeing through
  • #24,204
  • Aug 1, 2011 10:50am Aug 1, 2011 10:50am
Quoting pipphunter
the weekly plan has been reviewed. have new levels look for setups, (short at red, and long at gold, all levels are approxmate)
I am little more bearish... but this week's market is very difficult to trade, things could change fast. I will play more scalp instead...good luck bros
Pipphunter, great posts. I most enjoy!

EU looks like a Head & Shoulders running to completion? Target at green? Afterwards, if it pans out, the red S&R level might be the bull's nemesis.
Attached Image(s) (click to enlarge)
Click to Enlarge Name: eu%20h1.jpg Size: 109 KB
Click to Enlarge Name: # aug 1, 2011 - 012.gif Size: 30 KB
  • #24,205
  • Aug 1, 2011 10:56am Aug 1, 2011 10:56am
Quoting traderathome
UCad:

TP reached.
Great calls TAH, I'm new to this thread and have been following DD's, piphunter, Sonic and old posts from Muhammad and Basber...

Now I'm really looking forward to see your posts now that you're committed to pure SonicR, you'll nail it!
Flp. 4:13
  • #24,206
  • Aug 1, 2011 11:26am Aug 1, 2011 11:26am
Dear TAH, you can call this pattern as you want, it is not real SHS
right shoulder shouldn't be higher than left one
  • #24,207
  • Aug 1, 2011 11:27am Aug 1, 2011 11:27am
UJ Commentary:

Different brokers have H4 candles ending on different hours. For me, there is about 30 minutes left to go in the current H4 time frame. And it looks very much like the candle could end as a nice Hammer, or pin bar, since it seems there continues to be upwards pressure on the price. Also, look at the volume on the spike down. That is what Sonic would call "stopping volume".
Attached Image (click to enlarge)
Click to Enlarge Name: # aug 1, 2011 - 013.gif Size: 21 KB
  • #24,208
  • Aug 1, 2011 11:27am Aug 1, 2011 11:27am
Quoting traderathome
Pipphunter, great posts. I most enjoy!

EU looks like a Head & Shoulders running to completion? Target at green? Afterwards, if it pans out, the red S&R level might be the bull's nemesis.
Thanks TAH.. if i can watch the trade develop, I prefer to wacth momentum to take profit instead of pre-set target.

like today's EU drop, it shows strong momentum, PA clean broke many support levels, if I was in the trade, I would take profit when see the momentum slow down. If use pre-set TPs, we would get out of the trade half way...

if I cannot watch it, I follow soinc R TP rules regretlessly.
seeing through
  • #24,209
  • Aug 1, 2011 11:33am Aug 1, 2011 11:33am
Quoting kimis
Dear TAH, you can call this pattern as you want, it is not real SHS
right shoulder shouldn't be higher than left one
Now you are sounding like ddaytrader,.......picky, picky, picky.

Nothing about trading is exact, not S&R, not double bottoms or tops, let alone H&S formations. When price is driven, it constantly overshoots or undershoots the best laid out.......whatevers. So, it looks similar to an "exacting" H&S formation. And if PA makes it down to the green, it will have achieved a "similar" target,......which is good enough for me!
  • #24,210
  • Aug 1, 2011 11:45am Aug 1, 2011 11:45am
Quoting pipphunter
Thanks TAH.. if i can watch the trade develop, I prefer to wacth momentum to take profit instead of pre-set target.

like today's EU drop, it shows strong momentum, PA clean broke many support levels, if I was in the trade, I would take profit when see the momentum slow down. If use pre-set TPs, we would get out of the trade half way...

if I cannot watch it, I follow soinc R TP rules regretlessly.
Pipphunter, you mention momentum as a factor in deciding where to exit a trade. Which brings up the issue of just how to select TPs. For example, sometimes we see Sonic just let a trade run across day sessions. And at other times entry and exit are within same day. He usually has two TPs. When PA reaches TP1 he pulls half and moves the SL to BE+, leaving the remaining half to either make it to TP2, or fall back and close out at the SL.

I guess that is one way to take advantage of momentum, which might propel PA quite a distance, but which might also require the trade be more than just a day trade, and not have to constantly watch the trade.

To start my pure Sonic R. System trading, I pretty much have decided just to set TP(s) within the day range, in and out for whatever profit as possible, something like the good trader DanPa does. I don't know if there is any "best" way. As you brought to light, there are different ways,.....more knowledge for the learning process!

Thanks,
-tah
  • #24,211
  • Aug 1, 2011 11:53am Aug 1, 2011 11:53am
Quoting traderathome
UChf:

Long.
UChf:

Ooooh, this might hurt!

I might get my first test of having to honor a SL (ouch!). Well, I guess it will have to happen sometime.
Attached Image (click to enlarge)
Click to Enlarge Name: # aug 1, 2011 - 014.gif Size: 24 KB
  • #24,212
  • Aug 1, 2011 12:04pm Aug 1, 2011 12:04pm
Quoting traderathome
UChf:

Ooooh, this might hurt!

I might get my first test of having to honor a SL (ouch!). Well, I guess it will have to happen sometime.
Nothing wrong with manually closing a position if your analysis has changed since entry IMO.
  • #24,213
  • Aug 1, 2011 12:08pm Aug 1, 2011 12:08pm
Quoting traderathome
AU:

TP reached.

274 SonicR pips profit today between entries and exits, spreads subtracted. All trades posted as made.....
UJ 44
EU 107
AU 73
UCad 50
Nice trades TAH. Do you set an arbitrary SL in pips (say 40 or 50) or something, or do you base in S/R? Trying to work out in my head some potential R:R with SonicR method. Based on what I've seen to date the R:Rs look very promising.
  • #24,214
  • Aug 1, 2011 12:10pm Aug 1, 2011 12:10pm
Quoting hansma
Your velcome.

Do you use it with forced timeframes ?

Regards,
Hans
No i don't...

And you?
"Being picky only cost your time - not MONEY"...Hans
  • #24,215
  • Aug 1, 2011 12:11pm Aug 1, 2011 12:11pm
Quoting enigma4x
yess u are right great dd. I delete this post ...

I was starting with 500 eur ... about 2 years ago ...

enigma4x
And where are you now? if i can ask you.

Regards.
"Being picky only cost your time - not MONEY"...Hans
  • #24,216
  • Aug 1, 2011 12:12pm Aug 1, 2011 12:12pm
UJ:

Long.
Attached Image (click to enlarge)
Click to Enlarge Name: # aug 1, 2011 - 015.gif Size: 30 KB
  • #24,217
  • Aug 1, 2011 12:13pm Aug 1, 2011 12:13pm
Thanx to everyone on this thread who've shared your systems with us.

TAH,
I've noticed your entries are a little earlier than most- usually on the first wave. Is that a correct assumption ?
.... laughing all the way to the bank
  • #24,218
  • Aug 1, 2011 12:13pm Aug 1, 2011 12:13pm
Would anyone can post links to Final Version of Sonic R. System's Indicators & Template? Thank you.
  • #24,219
  • Aug 1, 2011 12:17pm Aug 1, 2011 12:17pm
Quoting Donkey
Nice trades TAH. Do you set an arbitrary SL in pips (say 40 or 50) or something, or do you base in S/R? Trying to work out in my head some potential R:R with SonicR method. Based on what I've seen to date the R:Rs look very promising.
Boy, you sure are asking the WRONG person about SLs! Just ask ddaytrader.

The only "rule of thumb" I have to go by is to place it somewhere in the span from the start of PA Wave leg1 and leg3, more or less, depending on assessement of volatility. It is a new ball game for me.
  • #24,220
  • Aug 1, 2011 12:18pm Aug 1, 2011 12:18pm
Quoting itsallover
Thanx to everyone on this thread who've shared your systems with us.

TAH,
I've noticed your entries are a little earlier than most- usually on the first wave. Is that a correct assumption ?
I have been making entries on leg3, with PA on correct side of Dragon.
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