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Sonic R. System

  • #24,241
  • Edited 9:47pm Aug 1, 2011 9:22pm | Edited 9:47pm
Typically, more caution = smaller TP indicated when trade is in non-London/NY sessions including Asian.

Also, yen pairs should be watched for particular sensitivity at whole or half (round) numbers--your trade reached a half number, stalled, then reversed. Also note that reversal occurred after open of Tokyo session and negative news for the yen.

also, wave for entry wasn't the greatest (legs 2 & 3 largely outside Dragon) = sometimes not a lot of "follow through" and, finally, mkt might be stalling until US debt deal is signed,sealed.

More expert Sonikers might have more to add.
  • #24,242
  • Aug 1, 2011 9:50pm Aug 1, 2011 9:50pm
I was looking at ths setup for AUDUSD, even off London session hours...

what do you guys think? is this news driven downside? ( some bad news for aussie just released) or just plain wrong setup??

I'd appreciate any comments on this? thanks for your support to this wonderful thread, I learn tons everyday and hope to contribute more and more
Attached Image (click to enlarge)
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Flp. 4:13
  • #24,243
  • Aug 1, 2011 10:08pm Aug 1, 2011 10:08pm
Daily Charts up to completed bars Mon 1-Aug-11.


EUR/USD:
- Daily Price close Inside Dragon and Inside Triangle means indecision, sideways.
- Noticed Daily Price crossing Inside Dragon for last 8 daily sessions.
- Mon price created a new high, then created a new low, like double-edge sword, then finish ABOVE the Fri Low. And also ABOVE horizontal support around 1.4260. Slight indication of perhaps Long and indecision.
- Normal Crazy Monday. Waiting for US Debt decision this week to clear up.


EUR/JPY:
- Daily Price close Below Dragon indicate Short.
- Inside Triangle and near the apex indicate indecision.
- Mon price created a new high, then created a new low, like double-edge sword, then finish near the Fri Low. And also ABOVE horizontal support around 109.10. Slight indication of perhaps Long and indecision.
- No Trade for now. Wait for Tue US Debt Decision, perhaps Long if horizontal support 109.10 and slight uptrend line holds.


GBP/USD:
- Daily Price close Above Dragon for Long
- Mon price created a new high, then created a new low, like double-edge sword, then finish ABOVE the Fri Low. And also ABOVE horizontal support around 1.6220. Slight indication of perhaps Long.
- Noticed last 7 daily sessions formed like a rectangle giving indecision.
- Out of the 3 pairs, prefer GBP/USD for Long.


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  • #24,244
  • Aug 1, 2011 10:45pm Aug 1, 2011 10:45pm
Quoting Anthar
I was looking at ths setup for AUDUSD, even off London session hours...

what do you guys think? is this news driven downside? ( some bad news for aussie just released) or just plain wrong setup??

I'd appreciate any comments on this? thanks for your support to this wonderful thread, I learn tons everyday and hope to contribute more and more
There was a setup (dark blue), and PA did run up out of the setup. No one could know if the next S&R (orange) would hold, which it did. Good money management would have been to exit after PA failed there, especially since overall this may be in a new down trend on larger TFs.

I am thinking of entering short, but not at the first PA encounter with the EP area, which is now. Between now and early London session, PA might just range. And if the London session involves a stronger pullup, the next EP area might be higher. I am in wait mode on this until the London session.
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  • #24,245
  • Aug 1, 2011 11:10pm Aug 1, 2011 11:10pm
Quoting traderathome
There was a setup (dark blue), and PA did run up out of the setup. No one could know if the next S&R (orange) would hold, which it did. Good money management would have been to exit after PA failed there, especially since overall this may be in a new down trend on larger TFs.

I am thinking of entering short, but not at the first PA encounter with the EP area, which is now. Between now and early London session, PA might just range. And if the London session involves a stronger pullup, the next EP area might be higher. I am in wait mode on this...
Great to read you insights on this pair TAH, much appreciated. Guess I'll call it a night until London / New York overlap in some hours... wish you a successful trading night mate!
Flp. 4:13
  • #24,246
  • Aug 1, 2011 11:53pm Aug 1, 2011 11:53pm
What a wonderful system!! SonicR !!

The only thing not satisfied was that 94 pips banked, not 300
i was no time to monitor the trade
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  • #24,247
  • Aug 2, 2011 12:12am Aug 2, 2011 12:12am
Quoting traderathome
UChf:

Long.
UChf:

SL reached.
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  • #24,248
  • Edited 1:41am Aug 2, 2011 1:23am | Edited 1:41am
UChf:

Long.

Edit: Added Sonic Scout to the trade and lowered SL, 2nd chart.
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  • #24,249
  • Aug 2, 2011 1:50am Aug 2, 2011 1:50am
Quoting traderathome
EU:

Short.
EU:

TP1 reached. Trade closed.
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  • #24,250
  • Aug 2, 2011 2:02am Aug 2, 2011 2:02am
AU:

ddaytrader would chuckle at me on this one, me being so set on trading the London session (well, not always). I was waiting for the London session for this move, previously posted. Heck, it was all over by the time London opened!
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  • #24,251
  • Aug 2, 2011 2:13am Aug 2, 2011 2:13am
Quoting traderathome
EU:

TP1 reached. Trade closed.
TAH, your EU chart looks odd with the horizontal EP, SL, TP as not near the Dragon ????
  • #24,252
  • Aug 2, 2011 2:35am Aug 2, 2011 2:35am
Quoting foxybunny
TAH, your EU chart looks odd with the horizontal EP, SL, TP as not near the Dragon ????
Click back to original entry chart and you will understand.
  • #24,253
  • Aug 2, 2011 2:37am Aug 2, 2011 2:37am
AU:

Closed the "experiment" trade series of entries short (3), for 12 pips profit.
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  • #24,254
  • Aug 2, 2011 2:46am Aug 2, 2011 2:46am
Quoting traderathome
Click back to original entry chart and you will understand.

OK got it. Thanks.
Entry Chart looks better than the Exit Chart.
  • #24,255
  • Aug 2, 2011 2:47am Aug 2, 2011 2:47am
Hi,sonicdeejay

SonicRV3,your trading system is really excellent!!!
Thank you very much for sharing this system.

But now I have a question.
I watched your recent trading chart, but you doesnt use CCI and QQE.
Arent you using CCI and QQE any longer? If you arent, why dont use them?
  • #24,256
  • Aug 2, 2011 3:02am Aug 2, 2011 3:02am
Quoting Ichinose
Hi,sonicdeejay

SonicRV3,your trading system is really excellent!!!
Thank you very much for sharing this system.

But now I have a question.
I watched your recent trading chart, but you doesnt use CCI and QQE.
Arent you using CCI and QQE any longer? If you arent, why dont use them?
Sonic might be busy, so I will try to answer your questions.

CCI, QQE, and other techicals have come and gone. SonicR does not need them. They are lagging indicators, which are based on the price anyway. And the price we have. The Sonic R. System is about understanding price action at S&R areas, and using the Dragon for timing the entry. Some sort of volume indicator is currently used by some. It, however, is the only technical not based on price. But really and truely, you only need the price chart, the Dragon, and knowledge of S&R. As you read thru the thread you will come to understand this better.
  • #24,257
  • Aug 2, 2011 3:25am Aug 2, 2011 3:25am
DD:
Quote
Here is what I am going to do for you and anyone else willing to take the responsibility and do the work necessary to succeed with this system. I am going to start a series of posts here in the thread called "SonicSchool." In these posts, I am going to teach SonicR the way I would want it taught to me if I were just starting out.

greetings to all the traders following this thread and to the pioneers as well, (deejay,dd,tah,muhammad,basber and to other contributors to this thread). ive been following this thread for quite a while and read some pages here and there. i believe this system works well otherwise this thread will not last a year, thanks to all of you seniors who untirely and patiently sharing this vast information and guidance for free.
ill do my best to do my part, initially i opened a live account in fxprimus hoping they will approve it coz the platform ive installed is still "no connection". this is my first time to really get my hands wet in this arena, english is not my first language so pls have patience in me. im an asian currently posted here in cayman islands. again to all the masters and pillars of this system thank you so much for your effort and generosity for sharing us your work. big up http://www.forexfactory.com/images/icons/icon14.gif
  • #24,258
  • Aug 2, 2011 3:43am Aug 2, 2011 3:43am
Quoting traderathome
Sonic might be busy, so I will try to answer your questions.

CCI, QQE, and other techicals have come and gone. SonicR does not need them. They are lagging indicators, which are based on the price anyway. And the price we have. The Sonic R. System is about understanding price action at S&R areas, and using the Dragon for timing the entry. Some sort of volume indicator is currently used by some. It, however, is the only technical not based on price. But really and truely, you only need the price chart, the Dragon, and knowledge of S&R. As you read...
Thank you for the intelligible explanation.
I will read this thread and more understand this system.
  • #24,259
  • Aug 2, 2011 4:08am Aug 2, 2011 4:08am
EU:

Re-entry short.
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  • #24,260
  • Aug 2, 2011 4:15am Aug 2, 2011 4:15am
UCad:

Possible long. I am already in this long, but this is setting up again.
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