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Sonic R. System

  • #26,301
  • Sep 12, 2011 1:50pm Sep 12, 2011 1:50pm
EU Long ...
Attached Image(s) (click to enlarge)
Click to Enlarge Name: EU rallies off Support.jpg Size: 88 KB
Click to Enlarge Name: 20110912 EU Long SonicR off Support.PNG Size: 177 KB
  • #26,302
  • Sep 12, 2011 2:48pm Sep 12, 2011 2:48pm
Quoting traderathome
EJ:

SL hit.
SL= 105.19
EP= 104.88
Net loss = 35 pips.

However, I re-entered short on this spike up to SR (same as did EU), so I have a new short trade running on this, but with a higher EP.
EJ:

Stopped out again.
SL= 105.47
EP= 105.24
Net loss = 28 pips
Attached Image (click to enlarge)
Click to Enlarge Name: # sept 12, 2011 - 119.gif Size: 34 KB
  • #26,303
  • Edited 3:55pm Sep 12, 2011 2:52pm | Edited 3:55pm
Quoting traderathome
EU:

PA stalled in low 1.3560s. There might be a retrace coming, up to a recent SR area. Not sure if I have the SR chosen correctly (low 1.3590s), but it looks like a good choice. If PA makes it there, I plan to re-enter short as a SonicR re-entry short trade.

Edit: No one knows. And I got the SR level wrong (revised pic). PA was taken higher. I have entered short on this retrace to the higher SR.
EU:

Stopped out.

SL= 1.3635
EP= 1.3616
Net pips lost = 21
Attached Image (click to enlarge)
Click to Enlarge Name: # sept 12, 2011 - 120.gif Size: 38 KB
  • #26,304
  • Sep 12, 2011 3:05pm Sep 12, 2011 3:05pm
Quoting ddaytrader
EU Long ...
SL?
  • #26,305
  • Sep 12, 2011 3:11pm Sep 12, 2011 3:11pm
EJ:

Developed into a long. After breakout up, PA retraced to EP area. Entered long.
Attached Image (click to enlarge)
Click to Enlarge Name: # sept 12, 2011 - 121.gif Size: 32 KB
  • #26,306
  • Sep 12, 2011 3:27pm Sep 12, 2011 3:27pm
Quoting traderathome
SL?
It is in the pic ... the hashed line below today's low is the SL order
  • #26,307
  • Sep 12, 2011 3:34pm Sep 12, 2011 3:34pm
Quoting ddaytrader
It is in the pic ... the hashed line below today's low is the SL order
Wow! That is wide.
  • #26,308
  • Sep 12, 2011 3:46pm Sep 12, 2011 3:46pm
Quoting ddaytrader
EU Long ...
EU PA is hitting nice support level when it gaped down in the start of the week.. it bounces up on china' dreamy white knight hope again..

Ppl need to be nimble in Adding short..

Sonic
  • #26,309
  • Sep 12, 2011 3:53pm Sep 12, 2011 3:53pm
Quoting sonicdeejay
EU PA is hitting nice support level when it gaped down in the start of the week.. it bounces up on china' dreamy white knight hope again..

Ppl need to be nimble in Adding short..

Sonic
More worrisome is that TAH has become bullish - that is likely the kiss of death for my EU long.

I'm short baskets of 6E (EURUSD futures) from 1.43XX - I'm going to hold them until 0.80XX and then I retire from everything .

Any long right now is trading spot and for short pulls - definitely small pond CT trades.
  • #26,310
  • Sep 12, 2011 4:03pm Sep 12, 2011 4:03pm
Quoting ddaytrader
More worrisome is that TAH has become bullish - that is likely the kiss of death for my EU long.

I'm short baskets of 6E (EURUSD futures) from 1.43XX - I'm going to hold them until 0.80XX and then I retire from everything .

Any long right now is trading spot and for short pulls - definitely small pond CT trades.
My comment (Friday?) about being EU bullish was a joke, ddaytrader.
  • #26,311
  • Sep 12, 2011 4:04pm Sep 12, 2011 4:04pm
Quoting traderathome
My comment (Friday?) about being EU bullish was a joke, ddaytrader.
I was referring to your long EJ, TAH.
  • #26,312
  • Sep 12, 2011 4:15pm Sep 12, 2011 4:15pm
Quoting ddaytrader
EU Long ...
Hi Dday,

I am still new to this method but have read it quite extensively.

Can you please have a look at my attached chart, It has a different set of entries etc than your own trade.

I can see that you know this method and have been trading it successfully.

Would my trade also be legitimate?

I do believe that there will be less resistance in my trade if it decided to be executed.

Help wanted and welcomed.
Attached Image (click to enlarge)
Click to Enlarge Name: Paint edit.gif Size: 28 KB
Ask me again when I know what I'm talking about.
  • #26,313
  • Sep 12, 2011 4:27pm Sep 12, 2011 4:27pm
Quoting Loooit
...Would my trade also be legitimate?
Some might say your EP is too late, others would see it as a conservative and careful EP. I see nothing wrong with waiting for price to break above that high to make an entry.

The most important thing is to trade with a stop loss and to size your position so that if your are stopped out for a loss, it doesn't hurt too bad.
  • #26,314
  • Sep 12, 2011 4:30pm Sep 12, 2011 4:30pm
Quoting ddaytrader
More worrisome is that TAH has become bullish - that is likely the kiss of death for my EU long.

I'm short baskets of 6E (EURUSD futures) from 1.43XX - I'm going to hold them until 0.80XX and then I retire from everything .

Any long right now is trading spot and for short pulls - definitely small pond CT trades.
Going long is definitely small pond trade..
Am still short bias..In general..

Europe is all out to save Greek default, not because for the love they have for Greek, but for the money of the Europe banks that hold Greek bonds..

What a Cruel world..

Sonic
  • #26,315
  • Sep 12, 2011 4:40pm Sep 12, 2011 4:40pm
EU:

Entered SonicR long setup on retrace towards EP area. Not sure where to place SL, whips and all in London session (?). So, I drew TL and placed the SL below it. If trade is still open come Frankfurt Open, I might lower the SL to just below PA wave leg #1, in order to accomodate possible whips in London session.
Attached Image (click to enlarge)
Click to Enlarge Name: # sept 12, 2011 - 122.gif Size: 34 KB
  • #26,316
  • Sep 12, 2011 5:05pm Sep 12, 2011 5:05pm
UChf:

Entered SonicR short on PA retrace towards EP area.
Attached Image (click to enlarge)
Click to Enlarge Name: # sept 12, 2011 - 123.gif Size: 34 KB
  • #26,317
  • Sep 12, 2011 6:17pm Sep 12, 2011 6:17pm
Quoting traderathome
EU:

Entered SonicR long setup on retrace towards EP area. Not sure where to place SL, whips and all in London session (?). So, I drew TL and placed the SL below it. If trade is still open come Frankfurt Open, I might lower the SL to just below PA wave leg #1, in order to accomodate possible whips in London session.
SL look too tight mate..At least put below swing low,, TP seem ok..
CT trade and Asian session,, scary scary..


Sonic
  • #26,318
  • Sep 12, 2011 6:21pm Sep 12, 2011 6:21pm
Quoting sonicdeejay
SL look too tight mate..
CT trade and Asian session,, scary scary..


Sonic
Ok. I'll move it to just below start of PA wave leg #1, which also places it just below the whole number that is just below the range low mark for the day.

Thanks, Sonic.
Attached Image (click to enlarge)
Click to Enlarge Name: # sept 12, 2011 - 124.gif Size: 34 KB
  • #26,319
  • Sep 12, 2011 6:27pm Sep 12, 2011 6:27pm
GU:

Entered long. SL wide, as with EU. Conservative TP, within day range.
Attached Image (click to enlarge)
Click to Enlarge Name: # sept 12, 2011 - 125.gif Size: 35 KB
  • #26,320
  • Sep 12, 2011 6:29pm Sep 12, 2011 6:29pm
Quoting enigma4x
my messege

donīt try to adapt your self on the system.
try to adapt the system on your self.

it is much more easier as the first way.

enigma4x

Now, your this message makes good sense.
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