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Sonic R. System

  • #26,121
  • Sep 8, 2011 6:37am Sep 8, 2011 6:37am
Quoting shujiXakira
...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

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?
You cannot spell SonicR without S & R ... or, as Hans would likely say, "Who would want to buy into resistance?"
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  • #26,122
  • Sep 8, 2011 6:47am Sep 8, 2011 6:47am
meanwhile +83 pips.

entry point can be lower, as shown, the first break of the pa high, but i like to trade bigger wave high/lows.
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  • #26,123
  • Sep 8, 2011 6:51am Sep 8, 2011 6:51am
Looking at your success I'm green with envy

Spent part of yesterday and all morning today trying to catch some wave... No success: a series of SLs. I realize I must do proper recognition of waves otherwise I'm addicted to ride the rest of the wave. Maybe it's not so bad, but you never knows when it's gonna finish
  • #26,124
  • Sep 8, 2011 6:58am Sep 8, 2011 6:58am
Quoting Muhammad989
wait wait wait....... 1st trade a month .......enjoy raining season my town .
I was about to post a comment about the GU - basically, why all the Sonikers looking to short when the short opp was during Tokyo with a TP at the now triple bottom and then a long opportunity as shown in Muhammad's post?

Folks, S & R are the foundation of SonicR, and yet when it is mentioned here, if at all, it is usually fictional S/R.

Look at highs and lows, and look at them on the Daily, then the H4, then the H1, and see where the M15 is in relation to S/R.

See ya' later Sonikers, I really have to run ...
  • #26,125
  • Sep 8, 2011 7:18am Sep 8, 2011 7:18am
UCad:

Possible long coming up.
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  • #26,126
  • Sep 8, 2011 7:37am Sep 8, 2011 7:37am
Quoting ddaytrader
I was about to post a comment about the GU - basically, why all the Sonikers looking to short when the short opp was during Tokyo with a TP at the now triple bottom and then a long opportunity as shown in Muhammad's post?

Folks, S & R are the foundation of SonicR, and yet when it is mentioned here, if at all, it is usually fictional S/R.

Look at highs and lows, and look at them on the Daily, then the H4, then the H1, and see where the M15 is in relation to S/R.

See ya' later Sonikers, I really have to run ...
".... why all the Sonikers looking to short when the short opp was during Tokyo with a TP at the now triple bottom...." - ddaytrader

Because...
1. The triple bottom is below the central pivot = bearish, in spite of the holding support, which might have been temporary until the USD releases were out.
2. Recently, PA is in strong down trend overall (H1 chart).

As you yourself said, ddaytrader, "No one knows....". So, we can't talk like the triple bottom was a "given" for a move up, except maybe after-the-fact.

Regards,
-tah
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  • #26,127
  • Sep 8, 2011 7:39am Sep 8, 2011 7:39am
Closed half @ +65.
SL @ BE
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  • #26,128
  • Sep 8, 2011 7:51am Sep 8, 2011 7:51am
Sonikers, the MT4 line drawing tool for horizontal lines is an excellent way to find and mark support and resistance. You can set your chart to any higher TFs to find and mark SR, and then change the TF back to M15. This enables you to see the PA "layout" midst the SR.

Just be sure you realize one thing. Knowing where SR is, and seeing PA moving around it, does not mean you know where PA is going next. PA could come to a SR level, pause and then pass thru it. Or, PA could turn around and go back the other way!

With the Sonic R. System, we WAIT to see what PA does around SR, and if it displays according to the Sonic R. System rules. If so, then we have entry into a trade. PA might be bouncing at SR, or it might be breaking thru SR. We don't care. We wait to see what PA does. We trade what the Sonic R. System layout shows us.

Here is a possible Sonic R. short on AU.
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  • #26,129
  • Sep 8, 2011 8:00am Sep 8, 2011 8:00am
+74pips from eu. tp 1.3974
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  • #26,130
  • Edited 8:50am Sep 8, 2011 8:13am | Edited 8:50am
Good trades dksolo, Muhammad, odges and ott256.
  • #26,131
  • Sep 8, 2011 8:56am Sep 8, 2011 8:56am
NU:

This could be setting up for a short.
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  • #26,132
  • Sep 8, 2011 9:15am Sep 8, 2011 9:15am
Quoting ddaytrader
You cannot spell SonicR without S & R ... or, as Hans would likely say, "Who would want to buy into resistance?"
Sonikers shouldn't be looking/biased for the price to go either way Instead, they should wait for a proper setup to occur. When price comes to a support/resistance area, it ALWAYS can go either way from there. If price first goes one way under a setup, but then quickly reverses, Sonikers need be nimble and "reverse" too, so long as there is a proper setup in that direction also.

ddaytrader, as you yourself said, "No one knows....".
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  • #26,133
  • Sep 8, 2011 9:56am Sep 8, 2011 9:56am
Quoting ddaytrader
I was about to post a comment about the GU - basically, why all the Sonikers looking to short when the short opp was during Tokyo with a TP at the now triple bottom and then a long opportunity as shown in Muhammad's post?

Folks, S & R are the foundation of SonicR, and yet when it is mentioned here, if at all, it is usually fictional S/R.

Look at highs and lows, and look at them on the Daily, then the H4, then the H1, and see where the M15 is in relation to S/R.

See ya' later Sonikers, I really have to run ...
Hi there,

May we have an example regarding this on your live trades? Would appreciate so if you are able to as I am a bit confused with S &R.

"Look at highs and lows, and look at them on the Daily, then the H4, then the H1, and see where the M15 is in relation to S/R."

Also, would like to request for you to post your live quality trades and possible sonicR trades that are not quality ones in order for us to differentiate which one to take or not. Just to practice good trading habits.

Thanks
  • #26,134
  • Sep 8, 2011 10:13am Sep 8, 2011 10:13am
Quoting traderathome
Sonikers shouldn't be looking/biased for the price to go either way Instead, they should wait for a proper setup to occur. When price comes to a support/resistance area, it ALWAYS can go either way from there. If price first goes one way under a setup, but then quickly reverses, Sonikers need be nimble and "reverse" too, so long as there is a proper setup in that direction also.

ddaytrader, as you yourself said, "No one knows....".

Totally agree. I have seen it go both ways. Watch the PA and be smart to realize whether or not the move is a quick grab and reverse.
  • #26,135
  • Sep 8, 2011 10:28am Sep 8, 2011 10:28am
Quoting traderathome
Sonikers shouldn't be looking/biased for the price to go either way Instead, they should wait for a proper setup to occur. When price comes to a support/resistance area, it ALWAYS can go either way from there. If price first goes one way under a setup, but then quickly reverses, Sonikers need be nimble and "reverse" too, so long as there is a proper setup in that direction also.

ddaytrader, as you yourself said, "No one knows....".
hi tah,

from that chart we can see that the red line is both broken through both ways...(far left and 2nd break from the right), how would we know its a support (in the case of the 3 in the middle) and a resistance in the case of the PA?
  • #26,136
  • Sep 8, 2011 10:35am Sep 8, 2011 10:35am
UCad:

This is still a promising situation, a possible long setup to form. Nice is the drawn out ranging. The market's player components are consolidating/preparing for whichever direction they anticipate. And in just under 2 hours we have the high impact release; Fed Chairman Bernanke Speaks.

Keep in mind, PA could go either way. No one can know in advance which way that might be.
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  • #26,137
  • Sep 8, 2011 10:52am Sep 8, 2011 10:52am
EU:

PA is across the channel bottom TL on the Weekly chart.
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  • #26,138
  • Sep 8, 2011 10:56am Sep 8, 2011 10:56am
GU:

And this never made it to the upper TL on the H4 chart. With about an hour to go on my H4 chart, the current candle is looking VERY BEARISH.
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  • #26,139
  • Sep 8, 2011 10:59am Sep 8, 2011 10:59am
UCad:

Now a SonicR long setup.
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  • #26,140
  • Sep 8, 2011 11:03am Sep 8, 2011 11:03am
Hi Sonics
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