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Sonic R. System

  • #26,101
  • Sep 7, 2011 5:54pm Sep 7, 2011 5:54pm
Quoting hansma
Why does anyone want to short into possible support ?

Beats the hell out of me.

H.
Every Buy has a sell on the other side, Short or long, you can't guarentee the sucess of a trade, nor calculate the precentage of success. Tell me if I'm wrong...
  • #26,102
  • Sep 7, 2011 8:55pm Sep 7, 2011 8:55pm
Quoting hansma
Why does anyone want to short into possible support ?

Beats the hell out of me.

H.
hi hansma

how would you know it was a possible support back then when price action was moving downwards? bec i thought at that time it was going to break the support as it was broken previously during the downward trend on monday?
  • #26,103
  • Sep 7, 2011 8:57pm Sep 7, 2011 8:57pm
Quoting ddaytrader
Well, I was out for the day, but I checked my quotes on my phone from time to time, but I did not have my security device with me to log into my account. I was sure I would be stopped out on that reaction, but my SL held, and TP hit for +114 pips.

Since my return the the world of M15 SonicR last week, I am 4/4 with a total pip take of 562.

I think I am finally geting the hang of this
cool sir dd

how were you able to filter out and enter the good trades from the bad trades? I mean, once you have a few currency pair to monitor., some looks like a sonicR setup but only a few are really good sonic R setup
  • #26,104
  • Sep 7, 2011 9:53pm Sep 7, 2011 9:53pm
Quoting ddaytrader
AN Short ... let the market decide ...
Hi ddaytrader, on the chart I can see another setup as marked (I dont know whether this is a qualified sonic, pls inform). But this was obviously an bad one. Could you tell me why and how can you filter out this bad one, and choose the next good one?
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  • #26,105
  • Sep 7, 2011 9:54pm Sep 7, 2011 9:54pm
Quoting ddaytrader
AN Short ... let the market decide ...
SL is now +55 and TP is +100 ... G'Night Sonikers ...
Attached Image (click to enlarge)
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  • #26,106
  • Sep 7, 2011 11:02pm Sep 7, 2011 11:02pm
Quoting hansma
Tah,

Just a little reminder of how price might react to our targets using the fib tool - and why I use the settings I do.

H.
good to see posts from u sir hans, wb!
this will be added to my sonicr notebook, ill wait for further enlightenment re: this fib setup.

regards
F
  • #26,107
  • Sep 7, 2011 11:04pm Sep 7, 2011 11:04pm
Quoting sonicdeejay
My DJI short pay off, when I am on holiday..

What ya' mate!! Reporting LIVE from Gold Coast, Australia..

Sonic
Hello Fellas..

I'm back...

http://i56.tinypic.com/vwwfhz.jpg


Sonic
  • #26,108
  • Sep 7, 2011 11:06pm Sep 7, 2011 11:06pm
Quoting sonicdeejay
Hello Fellas..

I'm back...

http://i56.tinypic.com/vwwfhz.jpg


Sonic
Welcome back, Sonicdeejay! From the picture, you all had a great time.
  • #26,109
  • Sep 7, 2011 11:12pm Sep 7, 2011 11:12pm
GU:

Sonikers, this one is a setup. Right now the price is close enough to the text book EP, you could enter if you wanted to. However, the Frankfurt Open into early London Open might see the price move up a bit for a closer EP. We are talking less than 10 pips improvement, though.
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  • #26,110
  • Sep 7, 2011 11:14pm Sep 7, 2011 11:14pm
lLower low broken so trade cancelled.

Quoting Pirabuji
Buy stop in place for GBPUSD:

EP 1.6002
SL 1.5960
TP 1.6037
  • #26,111
  • Sep 7, 2011 11:20pm Sep 7, 2011 11:20pm
EU:

Sonikers, this too is now a setup.
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  • #26,112
  • Sep 7, 2011 11:20pm Sep 7, 2011 11:20pm
Ddaytrader

How do you determine which is the correct wave? Looking at your entry point I would have drawn my waves as attached and taking a long for a loss. Can you please explain how you filter out waves / decide which is the correct one?

Quoting ddaytrader
SL is now +55 and TP is +100 ... G'Night Sonikers ...
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  • #26,113
  • Edited 11:47pm Sep 7, 2011 11:35pm | Edited 11:47pm
Quoting Pirabuji
Ddaytrader

How do you determine which is the correct wave? Looking at your entry point I would have drawn my waves as attached and taking a long for a loss. Can you please explain how you filter out waves / decide which is the correct one?
I believe ddaytrader is sleeping. Me too, soon. I will try to answer this for you. I am sure ddaytrader will also see your question and reply.

No one knows which way PA will go. The PA wave for a long that you drew is correctly drawn. However, once PA fails to continue, but instead reverses all the way back thru the Dragon, you have a clue that maybe a different PA wave is present, that supports a move in the opposite direction. One thing ddaytrader is exceptional at, is being able to quickly change gears and trade in the other direction.
1. No one knows which way PA will go.
2. The SL protects.
3. When PA reverses direction like that, a Soniker needs to be able to reverse thinking, evaluate in the opposite directon, and put on the trade if a setup exists.

ddaytrader will probably be better able to clarify this for you.

Regards,
-tah
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  • #26,114
  • Sep 7, 2011 11:39pm Sep 7, 2011 11:39pm
Quoting traderathome
Welcome back, Sonicdeejay! From the picture, you all had a great time.
Thank... Away from the mkt for a week.. make me feel like 'new to trading'

Gonna take a while to sync back..

We have lotsa high impact news coming up..

Sonic
  • #26,115
  • Sep 8, 2011 12:42am Sep 8, 2011 12:42am
Quoting sonicdeejay
Hello Fellas..

I'm back...

http://i56.tinypic.com/vwwfhz.jpg


Sonic
the master sonicer himself, welcome back sir sonic.

F
  • #26,116
  • Sep 8, 2011 2:06am Sep 8, 2011 2:06am
Quoting sonicdeejay
Hello Fellas..

I'm back...

Sonic
Welcome home, Sonic
  • #26,117
  • Sep 8, 2011 4:05am Sep 8, 2011 4:05am
Quoting odges
I'll try to long USD/CHF

closed all at TP1
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Patience is the key.
  • #26,118
  • Edited 7:21am Sep 8, 2011 5:27am | Edited 7:21am
Quoting sonicdeejay
Hello Fellas..

I'm back...

http://i56.tinypic.com/vwwfhz.jpg


Sonic
back on time,,,
nice pic dude.
wow cute family!!!


aligater
born to speculate
  • #26,119
  • Sep 8, 2011 6:25am Sep 8, 2011 6:25am
wait wait wait....... 1st trade a month .......enjoy raining season my town .
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FxHome
  • #26,120
  • Sep 8, 2011 6:29am Sep 8, 2011 6:29am
Quoting ddaytrader
...Since my return the the world of M15 SonicR last week, I am 4/4 with a total pip take of 562...I think I am finally geting the hang of this
Make that 5/5 with a total of 617 pips in my basket ...

Stopped out of the short AN trade with +55 pips at my trailed stop.

Have a good day Sonikers ... I'll be out until sometime after the US session closes, so I'll see you in Tokyo
Attached Image (click to enlarge)
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