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Sonic R. System

  • #25,661
  • Edited Aug 30, 2011 2:50am Aug 29, 2011 8:29pm | Edited Aug 30, 2011 2:50am
alittle bit input,,,not a sonic ,if you dont mind
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born to speculate
  • #25,662
  • Aug 29, 2011 8:30pm Aug 29, 2011 8:30pm
DJI is hitting near important overhead here,,,
It went up 200+ point yesterday on the thin trading..due to hurricane..

DJI may not hold the advance any longer,,so is EU..

See u Pre LO..
Sonic
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  • #25,663
  • Aug 29, 2011 8:41pm Aug 29, 2011 8:41pm
Quoting traderathome
EJ:

PA has just moved down thru key support...

Key support?

I see price consolidating at its highs, above the most recent pullback. I see no movement "down through key support." Doesn't mean it won't happen, just that it hasn't happened yet.

Here is how I would view EJ price action in terms of trading levels for SonicR. I also have a funny feeling that any dip below that 111.4x level will find buyers between the 12.5 and 27 FE of the "b" leg of what looks like an abc correction. My bias is long, and if anything, this might be a good place to pull out the Hanstyle fib tool and look for a long EP if PA works just a bit lower into its support box.
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  • #25,664
  • Aug 29, 2011 11:37pm Aug 29, 2011 11:37pm
EJ:

Again, PA has moved down thru support. This time I have entered short, EP = 111.52, on a pattern of lower highs and with PA below Dragon. PA has yet to make a lower low, but the most recent PA wave is H-L-LH.
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  • #25,665
  • Edited 2:49am Aug 30, 2011 2:20am | Edited 2:49am
Good morning guys...

I'm long on EJ...call it SS if you want.

The PA has turned back to the "previous break point" and stopped...here sonic would say..."stop vol here".

The h4 trend is up at the moment and the PA is rejecting a H4 S&R.


We'll see.
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"Being picky only cost your time - not MONEY"...Hans
  • #25,666
  • Aug 30, 2011 2:51am Aug 30, 2011 2:51am
Quoting aligater
alittle bit input,,,not a sonic ,if you dont mind
tp in sight,,,,


aligater
born to speculate
  • #25,667
  • Aug 30, 2011 3:26am Aug 30, 2011 3:26am
Quoting nando_rich
Good morning guys...

I'm long on EJ...call it SS if you want.

The PA has turned back to the "previous break point" and stopped...here sonic would say..."stop vol here".

The h4 trend is up at the moment and the PA is rejecting a H4 S&R.


We'll see.
hope it works out for you.. I shorted ej earlier today and managed to get 38 pips. tp 111.04.
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  • #25,668
  • Aug 30, 2011 3:34am Aug 30, 2011 3:34am
Quoting nando_rich
Good morning guys...

I'm long on EJ...call it SS if you want.

The PA has turned back to the "previous break point" and stopped...here sonic would say..."stop vol here".

The h4 trend is up at the moment and the PA is rejecting a H4 S&R.


We'll see.
I was wrong ... sl hit -42 pis.

It's part of the game.
"Being picky only cost your time - not MONEY"...Hans
  • #25,669
  • Aug 30, 2011 3:51am Aug 30, 2011 3:51am
its part of the game but it has to be part of your personality.
  • #25,670
  • Aug 30, 2011 5:34am Aug 30, 2011 5:34am
Quoting clayton
its part of the game but it has to be part of your personality.
i don't understand what you mean.
"Being picky only cost your time - not MONEY"...Hans
  • #25,671
  • Aug 30, 2011 5:39am Aug 30, 2011 5:39am
Sonic classic setup.

I'm long here...watching closed if the friday high hold to move my sl to be.

we'll see what the USA bb's bring.
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"Being picky only cost your time - not MONEY"...Hans
  • #25,672
  • Aug 30, 2011 5:43am Aug 30, 2011 5:43am
Quoting ott256
hope it works out for you.. I shorted ej earlier today and managed to get 38 pips. tp 111.04.
Good job,
But hey, think about this scenario:

The wave continued making Lower Highs and Higher Lows. Meaning it's neither going up nor is it going down. The first breach of Higher Low would immediately signal a potential short setup, because once the price breaches Higher Low - the Lower Low is formed - downtrend begins. Take a look at that chart. The entry would have been a bit earlier and the stop loss would have been smaller.
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cut losses short, let profits run.
  • #25,673
  • Aug 30, 2011 5:51am Aug 30, 2011 5:51am
Do not open new EU short fellas..

Sonic
  • #25,674
  • Aug 30, 2011 6:06am Aug 30, 2011 6:06am
Quoting Domas4
Good job,
But hey, think about this scenario:

The wave continued making Lower Highs and Higher Lows. Meaning it's neither going up nor is it going down. The first breach of Higher Low would immediately signal a potential short setup, because once the price breaches Higher Low - the Lower Low is formed - downtrend begins. Take a look at that chart. The entry would have been a bit earlier and the stop loss would have been smaller.
this pattern is called rectangle when it failes we make money,,,


aligater
born to speculate
  • #25,675
  • Aug 30, 2011 6:16am Aug 30, 2011 6:16am
sign of reversal in trend.. i tried 2 attach chart pic but out of quota.. price made LH but RSI indicator shows HL.. any comment on this..

SS
  • #25,676
  • Aug 30, 2011 6:26am Aug 30, 2011 6:26am
Quoting sonicdeejay
Do not open new EU short fellas..

Sonic
Thank you for advise master. I'm looking good setup for long EU.
  • #25,677
  • Aug 30, 2011 6:36am Aug 30, 2011 6:36am
Quoting traderathome
UChf:

Entered long, EP= 0.8180.
UChf:

SL reached. EP= 0.8180, minus SL= 0.8123, minus spread equals net loss of 62 pips.
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  • #25,678
  • Aug 30, 2011 6:41am Aug 30, 2011 6:41am
Quoting traderathome
EU:

Entered short, EP = 1.4527. Another SonicR entry is planned if PA drops below Dragon. At the second high for the day, the activity peaked, which you can see from the volume study. The SL is tight, in case this continues up. However, as Basber pointed out, since the thrust down carried PA all the way thru the Dragon, this has increased chance to be a successful short trade.

And I would like to take this opportunity to thank Hans for his work on the FE study settings. I have added some levels, and one or two might be slightly different, but...
EU:

TP1 reached and TP2 reached.

EP1= 1.4527, minus TP1= 1.4457, minus spread equals net gain of 68 pips.
EP2= 1.4495, minus TP2= 1.4416, minus spread equals net gain of 77 pips.
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  • #25,679
  • Aug 30, 2011 6:49am Aug 30, 2011 6:49am
Quoting ddaytrader
...Here is how I would view EJ price action in terms of trading levels for SonicR... My bias is long...
And bias means nothing in the face of S/R and the Waves, hence the long term success of SonicR. For me, SOnicR EP's were the blue lines struck at S at the consolidation lows and at R at the consolidation highs. My bias was long, but S was broke for a short EP ...
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  • #25,680
  • Aug 30, 2011 6:54am Aug 30, 2011 6:54am
Quoting traderathome
EJ:

Again, PA has moved down thru support. This time I have entered short, EP = 111.52, on a pattern of lower highs and with PA below Dragon. PA has yet to make a lower low, but the most recent PA wave is H-L-LH.
EJ:

TP1 reached and TP2 reached.

EP1= 111.52, minus TP1= 111.16, minus spread, equals net gain of 32 pips.
EP2= 111.52, minus TP2= 110.99, minus spread, equals net gain of 49 pips.
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