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Sonic R. System

  • #25,041
  • Aug 17, 2011 7:01am Aug 17, 2011 7:01am
Quoting lotos7
Gloryrose , which use light objectives ... give the link or put ...
I don't know what u mean.Give me the post.
  • #25,042
  • Aug 17, 2011 7:08am Aug 17, 2011 7:08am
Quoting nando_rich
WOW impresive...

Guys you have a great master here...you take advantage...

This chart should be print and stick on the wall.

Best Regards,
Nando.

"The future is already written in the past"
  • #25,043
  • Aug 17, 2011 7:08am Aug 17, 2011 7:08am
It is good trade for me today.
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  • #25,044
  • Aug 17, 2011 7:15am Aug 17, 2011 7:15am
Quoting hansma
This would have been a better trade.

1. Nice wave

2. Price spiked down to retest the area where the recent up move began - orange line - now act as support.

3. Entry on the candle marked orange X - + rising volume on VSA indicator

4. Clearly defined target at the red line above - Resistance from 4 hour chart.

Hope this helps.

Regards,
H.


Edit - Updated Chart
all important elements of Sonic R working together in the simple chart!! well done
seeing through
  • #25,045
  • Aug 17, 2011 7:23am Aug 17, 2011 7:23am
it is time for the abba song

thank u too all shorties
Inserted Video


tradingsytle godmode

enigma4x has spoken

p.s. I think all was long - it was clear - and all find good reasons for it ... great
enjoy my life ... and ride the waves - all what I do
  • #25,046
  • Aug 17, 2011 7:24am Aug 17, 2011 7:24am
Quoting ddaytrader
After entry, price spiked down to the prior day' earlier consolidation, testing a minor former resistance as support. Our stop loss, judiciously set using fibs and S/R to keep us out of harm's way unless price had kept dropping. If price had kept dropping, then the stop loss takes us out of harm's way by limiting our loss and keeping our capital intact for another day.

In spite of price's dip to test support, the divergence that helped shape the trade remains intact. In the first pic, I show the EU with the original fibs from last night. In the...

did you not enter back in? It was a clear Sonic spike or no spike IMO.
  • #25,047
  • Edited 8:37am Aug 17, 2011 7:56am | Edited 8:37am
CHF TRade north possibly in the making.

Beyond DPV is def possibly a entry point.

WAVE on 1M is soft down with no PA. Look to hit back up! Would also break through resistance.
  • #25,048
  • Aug 17, 2011 9:11am Aug 17, 2011 9:11am
Quoting hansma
Simple Chart.

to me, those two near-term resistances turned to support and tested are the key for long setup. the vol in the fake break down give extra confidence.

IMO, divergenc is not reliable signal, reason:
1. divergency only shows change of speed, and it has time factor in it. it can be trend slowing down, and can be reversal.
2. it's not the clear and clean want to use, can be subjective and lead you to the wrong way of wishful thinking, not good for newbie.
3. the price action shows the same information as the divergency intend to show, and faster.
4. the divergency refer to RSI MACD CCI..ect..
Attached Image (click to enlarge)
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seeing through
  • #25,049
  • Aug 17, 2011 9:21am Aug 17, 2011 9:21am
Quoting pipphunter
to me, those two near-term resistances turned to support and tested are the key for long setup. the vol in the fake break down give extra confidence.

IMO, divergenc is not reliable signal, reason:
1. divergency only shows change of speed, and it has time factor in it. it can be trend slowing down, and can be reversal.
2. it's not the clear and clean want to use, can be subjective and lead you to the wrong way of wishful thinking, not good for newbie.
3. the price action shows the same information as the divergency intend to show, and faster.
4....
I am much further back on Aug 10 with the support line.
"The future is already written in the past"
  • #25,050
  • Aug 17, 2011 9:22am Aug 17, 2011 9:22am
The CHF has been very good that last two days...
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  • #25,051
  • Aug 17, 2011 9:26am Aug 17, 2011 9:26am
yesterday...
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  • #25,052
  • Aug 17, 2011 9:27am Aug 17, 2011 9:27am
Quoting hansma
Simple Chart.

Love the C&D... Very big fan of finding bottoms and waves with MACD or similar.
  • #25,053
  • Aug 17, 2011 9:31am Aug 17, 2011 9:31am
out on the CHF +117 pips. in at .7855 out a .7972. I know I got in early. Little to obvious with a bottom like that. My normal trade turned into a Sonic stay in trade.
  • #25,054
  • Aug 17, 2011 9:38am Aug 17, 2011 9:38am
Quoting hansma
Simple Chart.
Not technically sonic setup, but I took this trade because:
dragon sloping clearly up,
good EP above whole number and dpv,
volume increase at low/ stopping vol.


tp not reached, if it reverses I'm ok, because sl be+1.
Attached Image (click to enlarge)
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  • #25,055
  • Aug 17, 2011 9:42am Aug 17, 2011 9:42am
Quoting hansma
This would have been a better trade.

1. Nice wave

2. Price spiked down to retest the area where the recent up move began - orange line - now act as support.

3. Entry on the candle marked orange X - + rising volume on VSA indicator

4. Clearly defined target at the red line above - Resistance from 4 hour chart.

Hope this helps.

Regards,
H.


Edit - Updated Chart

got messed up with my decisions last night ive been seeing lots of info dunno how to filter each good thing i tightend my SL coz i knew i was in a "small pond" CT. i caught this setup last nite but i didnt take it
Attached Image (click to enlarge)
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  • #25,056
  • Aug 17, 2011 9:43am Aug 17, 2011 9:43am
here I have a challenge question for all Sonicers to think and share your ideas.
Q: as the chart show, if we cannot see the past, you have to trade it, what 's your trading plan? how will you trade it?
Attached Image
seeing through
  • #25,057
  • Edited 10:28am Aug 17, 2011 9:53am | Edited 10:28am
Quoting pipphunter
to me, those two near-term resistances turned to support and tested are the key for long setup. the vol in the fake break down give extra confidence.

IMO, divergenc is not reliable signal, reason:
1. divergency only shows change of speed, and it has time factor in it. it can be trend slowing down, and can be reversal.
2. it's not the clear and clean want to use, can be subjective and lead you to the wrong way of wishful thinking, not good for newbie.
3. the price action shows the same information as the divergency intend to show, and faster.
4....

This is true on C&D IF you look at 1 chart and you are not basing you entry on price action with it breaking some form of S&R's. MAJOR RULE of C&D. NEVER depend on one chart/TF look at the chart below and above for wave confirmation. Especially below chart of 3X smaller or 4X. That negates the issue you just mentioned 90+ % of the time. If you are trading London and NY probably hardly ever have a issue. Chart above would be trend as long as it falls within corresponding MA's or Trend lines etc... Waves using a MACD for example are related to S&R levels.

Edit... I use Esignal and use a 1-3-9-27-80-240 TF's which is a 3X. MT4 doesn't have those but you can still check a lower chart of reasonable 3X or 4X to see wave pattern. Over the years I use a MACD personally.
  • #25,058
  • Aug 17, 2011 9:59am Aug 17, 2011 9:59am
Quoting pipphunter
here I have a challenge question for all Sonicers to think and share your ideas.
Q: as the chart show, if we cannot see the past, you have to trade it, what 's your trading plan? how will you trade it?
Look's uptrend but considering, I'll sell it when the price below the dragon tunnel. But if the price bounce back up and price close above tunnel. I'll close it, if floating profit +30 I'll set it to BEP

PS. Gambler tipe
  • #25,059
  • Aug 17, 2011 10:09am Aug 17, 2011 10:09am
Quoting pipphunter
here I have a challenge question for all Sonicers to think and share your ideas.
Q: as the chart show, if we cannot see the past, you have to trade it, what 's your trading plan? how will you trade it?
my first take: flip a coin , at least I have 50/50 hit rate, all I need is to manage get reward:risk over 1.5
where to flip the coin, and how to set SL TP?

come on guys, work out your brain, it can be fun..
Attached Image
seeing through
  • #25,060
  • Aug 17, 2011 10:11am Aug 17, 2011 10:11am
Quoting WW The Saint
Look's uptrend but considering, I'll sell it when the price below the dragon tunnel. But if the price bounce back up and price close above tunnel. I'll close it, if floating profit +30 I'll set it to BEP

PS. Gambler tipe
nice take mate, we shouldn't consider the dragon, as the assumption is we cannot see the past...what can do?
seeing through
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