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Sonic R. System

  • #24,681
  • Aug 10, 2011 10:22am Aug 10, 2011 10:22am
Quoting sonicdeejay
I was visiting my dentist and THE nurse ...






Euro get slaughtered,,, I warned about the euro that need to break 1.44xx strongly..to resume bull..


Look @ H4 chart.. It seems well contained by descending triangle...(White lines)

I am watching..

Sonic

yes, master. from fundamental, Euro may has something ugly not showing up yet..Since the EU did not run up much when the US got hummered, EU was one of the weakest pair in last 5 trading days..so..no so bullish for me, but not bearish yet, waiting for the breakout.

this week my general bias is long gold, short EU. so far so good
seeing through
  • #24,682
  • Aug 10, 2011 11:16am Aug 10, 2011 11:16am
Quoting pipphunter
yes, master. from fundamental, Euro may has something ugly not showing up yet..Since the EU did not run up much when the US got hummered, EU was one of the weakest pair in last 5 trading days..so..no so bullish for me, but not bearish yet, waiting for the breakout.

this week my general bias is long gold, short EU. so far so good
I am puzzled, abt silver..
Late boomer I supposed..

Sonic
  • #24,683
  • Aug 10, 2011 11:33am Aug 10, 2011 11:33am
Quoting traderathome
EU:

Entered long, EP = 1.4362.
EU:

SL reached. EP = 1.4362, minus SL = 1.4263, minus spread, equals 101 pips net loss.
Attached Image (click to enlarge)
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  • #24,684
  • Aug 10, 2011 11:46am Aug 10, 2011 11:46am
Quoting traderathome
EU:

SL reached. EP = 1.4362, minus SL = 1.4263, minus spread, equals 101 pips net loss.

Why such a huge SL? I though it was supposed to be below the market of consolidation and it's low etc... Which would have been somewhere around the DPV in your pic and likely above it and at lowest point above it before the down turn.
  • #24,685
  • Aug 10, 2011 12:23pm Aug 10, 2011 12:23pm
Quoting TRMZXT
Why such a huge SL? I though it was supposed to be below the market of consolidation and it's low etc... Which would have been somewhere around the DPV in your pic and likely above it and at lowest point above it before the down turn.
Because I am horrible when it comes to knowing where to set the damned SLs! It's why I have never used them before.
  • #24,686
  • Aug 10, 2011 12:34pm Aug 10, 2011 12:34pm
Quoting klass123
Hello HANSMA you couldn't lay out here indicator Fibonachi,which shows levels of an input, stop and TP to you I will be very grateful
plz see post 24650
"The future is already written in the past"
  • #24,687
  • Aug 10, 2011 12:35pm Aug 10, 2011 12:35pm
Quoting traderathome
EU:

SL reached. EP = 1.4362, minus SL = 1.4263, minus spread, equals 101 pips net loss.

Your #5 trade that hit initial SL automatically.

Setting either SL or TP still need practise, especially when you never used it or not used it for a long time.

After 5 trades of hit initial SL automatically, wondering how are you feeling with using SL now ??
  • #24,688
  • Aug 10, 2011 12:37pm Aug 10, 2011 12:37pm
Quoting sonicdeejay
I was visiting my dentist and THE nurse ...

http://thechive.files.wordpress.com/...nurse-lead.jpg




Euro get slaughtered,,, I warned about the euro that need to break 1.44xx strongly..to resume bull..


Look @ H4 chart.. It seems well contained by descending triangle...(White lines)

I am watching..

Sonic

Your teeth must still be hurting much with you having to re-visit dentist.
Hmmm .... unsure can trust your dentist ... perhaps can trust your nurse instead.
  • #24,689
  • Aug 10, 2011 12:44pm Aug 10, 2011 12:44pm
Quoting traderathome
Because I am horrible when it comes to knowing where to set the damned SLs! It's why I have never used them before.

Maybe you should try the fib tool - it works wonders on SL newbies having a hard time on where to put the damn thing

No offence

H.
"The future is already written in the past"
  • #24,690
  • Aug 10, 2011 12:48pm Aug 10, 2011 12:48pm
Quoting hansma
Maybe you should try the fib tool - it works wonders on SL newbies having a hard time on where to put the damn thing

No offence

H.
Hello HANSMA you couldn't lay out here indicator Fibonachi,which shows levels of an input, stop and TP to you I will be very grateful,At you it on pictures is
  • #24,691
  • Aug 10, 2011 1:25pm Aug 10, 2011 1:25pm
Quoting klass123
Hello HANSMA you couldn't lay out here indicator Fibonachi,which shows levels of an input, stop and TP to you I will be very grateful,At you it on pictures is

Plz scroll back up a few posts - I have already answered you
"The future is already written in the past"
  • #24,692
  • Aug 10, 2011 1:29pm Aug 10, 2011 1:29pm
I´m still long with sl at be

made a second shoot.

http://www.forexfactory.com/showthre...63#post4859163

enigma4x
enjoy my life ... and ride the waves - all what I do
  • #24,693
  • Edited 1:46pm Aug 10, 2011 1:34pm | Edited 1:46pm
Quoting hansma
Plz scroll back up a few posts - I have already answered you
hansma I have downloaded it, I don't have such levels with an input, stop and TP. as it to adjust?
  • #24,694
  • Aug 10, 2011 2:22pm Aug 10, 2011 2:22pm
EU:

Taking a chance that this will be a whole number area bounce up. A lot of traffic just occurred while price was below the whole number. Then a move up thru the whole number. Now a move back down to it, with a chance that price will bounce.

EP long = 1.4195, tight SL, tentative TP.
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  • #24,695
  • Aug 10, 2011 2:30pm Aug 10, 2011 2:30pm
Entered Long @ 0.9923

SL 0.9870
TP 0.9985

any comments guys? My past 5 posts have been ignored lol

I know timing is wrong i.e. not london session but these are the only times I can trade so I will see how it goes
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  • #24,696
  • Aug 10, 2011 2:33pm Aug 10, 2011 2:33pm
Quoting traderathome
Because I am horrible when it comes to knowing where to set the damned SLs! It's why I have never used them before.

LOL... I hear ya! In my years. i put it like this. I am what I call a pivot point SL guy. I place it just a few pips beyond where I think I would go the other direction trade wise should it go that way. I gues the reason I tend to do it is because PRE SET trades strategy taught me to do it that way and I guess it has always stuck with me. works though.

If a move goes the other way which shows momentum in the other direction per the TF you are trading... why would you not go the other direction.

Bottoms or tops are pivot point areas as people put Entry and exit trades beyond them based on confidence. Tops, bottoms each are relative to individual TF's. A 1M trade sees tops and bottom resistant/support points a 15 minute many times won't see.

Money is a idea backed by confidence and so is trading. find the confidence areas and learn how to trade them with MA's or only PA and you win if consistent and manage money right as you know.
  • #24,697
  • Aug 10, 2011 3:06pm Aug 10, 2011 3:06pm
@traderathome

Sonic R is a a good system because it uses basic principles of multiple time frames in one chart. Personally I use a model of 3X which is 1M 3M 9M 27M 80M and 240M which I do on eSignal. The reason is I study wave patterns which is also why I use 3 MACD's which show lower and upper TF's to the TF I am looking at which is usually a 3. Any time frame can be successfully traded. The Sonic R is not much different than me looking at multiple time frames because the indicators it uses are basically PA off of upper time frame trend.

On my 1M chart and all other charts I have MA's of 5e, 13e, 49w/ similar to 34e 117s and 351 s. Main chart is a 3M in it I can see the waves due to MA's of all my above charts without moving from the 3. I cannot see the 240 or 80/60 but that is a only long view and only done a couple of looks per day.

The Sonic R dose the same thing. Basically the 34MA is nothing but a between 5 and 13 on a 1H chart and the 89 but a 1 HR 21 or so MA which is around 2 and a half times larger.(WELL AT LEAST THAT IS HOW IT HELPS ME LEARN THE SYSTEM LOL) Add that with PA and a scan of resistance...... BAM. I use my charts for entry timing on the Sonic R 15M TF/CHart. I posted a chart today and you can see the waves in the MACD upper and lower TF's and the MA movement which showed th same thing with weak price action up.
Attached Image(s) (click to enlarge)
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  • #24,698
  • Edited 6:09pm Aug 10, 2011 4:22pm | Edited 6:09pm
Hello sonic and all members in this thread :
Dear Sonic Thanks for sharing your system, first of all i should say sorry for my English . my name is Farshid and im from Iran. Im trading Forex for abut 1year and in just going from this system to that one and still dont have a fix system for trade
i see your thread whit more than 24000 post from 2008 to today . it's really amazing and im sour your system can help me, please accept me in your society and help me to learn your system , what reference do you recommend for start ? is the first post is up to date and content the last change of sysytem ?
please help me .
TNX.
GOD BE WHIT YOU .
  • #24,699
  • Aug 10, 2011 5:48pm Aug 10, 2011 5:48pm
Quoting enigma4x
I´m still long with sl at be

made a second shoot.

http://www.forexfactory.com/showthre...63#post4859163

enigma4x
I am not so bullish bias anymore..as before...
Feeling sth a miss..
It is getting clear that EU is well contained in descending triangle and the Highs are getting lower in H4 TF..

That why I no longer actively looking for long entry..

Who know, I may stand aside for today as well..


Sonic
  • #24,700
  • Aug 10, 2011 5:50pm Aug 10, 2011 5:50pm
Quoting sonicdeejay
I am not so bullish bias anymore..as before...
Feeling sth a miss..
It is getting clear that EU is well contained in descending triangle and the Highs are getting lower in H4 TF..

That why I no longer actively looking for long entry..

Who know, I may stand aside for today as well..


Sonic
http://www.forexfactory.com/showthre...52#post4859752

I was posted it first, before I red your post.

cheers mate

eurchf short gold long

enigma4x

p.s.s 2 stupid person one thinking

close with an avg + 5 points f*** sorry dd

it was redistribution
enjoy my life ... and ride the waves - all what I do
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