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Sonic R. System

  • #26,461
  • Sep 15, 2011 2:47pm Sep 15, 2011 2:47pm
Quoting sonicdeejay
47 hrs later..

TP 3 hit..
Sonic
First of all I say congratulations. I am having a problem in setting a TP and I don’t know if there is a Sonic way of doing this. Why I find setting of EP and SL easier determination of TP tend to be confusing for me especially because I am trading only 0.1 lot in a mini account. My broker does not accept micro lots. In most cases I always use the next Fibonacci level for the determination of a TP but it is either it does get to that level before it reverses or it gets there hesitate and move to the next level or even the third one. Do you normally use a trailing stop and if yes how do you determine this?
  • #26,462
  • Sep 15, 2011 3:58pm Sep 15, 2011 3:58pm
Quoting traderathome
GU:

Entered short, EP= 1.5762. All yesterday PA was oscillating about the SR area shown (red line). The overall trend is down, and now PA looks ready to bounce down from the SR area. PA is below the Dragon and Trend, both of which are angled down.
GU:

Stopped out.
SL= 1.5825
EP= 1.5762
Net loss= 67 pips
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  • #26,463
  • Sep 15, 2011 4:02pm Sep 15, 2011 4:02pm
Quoting traderathome
UCad:

Entered long, EP= 0.9907.
UCad:

Stopped out
EP= 0.9907
SL= 0.9874
Net loss= 37 pips
Attached Image (click to enlarge)
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  • #26,464
  • Sep 15, 2011 4:49pm Sep 15, 2011 4:49pm
Quoting Domas4
TAH, how did u manage to get that contracting/expanding colored dragon?
Two extra property indicators for histogram bars for high and low marks,....the next release.
  • #26,465
  • Sep 15, 2011 4:52pm Sep 15, 2011 4:52pm
Quoting traderathome
Two extra property indicators for histogram bars for high and low marks,....the next release.
Genius!
cut losses short, let profits run.
  • #26,466
  • Edited 5:32pm Sep 15, 2011 5:12pm | Edited 5:32pm
Quoting Domas4
Genius!
Thanks for the kind sentiment, Domas4. It is not something I can live up to. And this week my trading sucks!
  • #26,467
  • Sep 15, 2011 5:20pm Sep 15, 2011 5:20pm
GU:

Trying again, short. Pending EP= 1.5785. Two SLs proposed. One for "quiet" period and the higher for if volatility picks up.
Attached Image (click to enlarge)
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  • #26,468
  • Sep 15, 2011 9:12pm Sep 15, 2011 9:12pm
Quoting Anthar
I don't think that was a SNB intervention, as Swissy is going up against USD (down in charts) the opposite of what they want, isn't it?
The big picture to me says USDCHF is doing exactly what is expected....giving those of us that missed the initial move a chance to get in. I'm looking for pullback to 85xx and then long.
Attached Image (click to enlarge)
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  • #26,469
  • Sep 15, 2011 9:58pm Sep 15, 2011 9:58pm
Donkey..

What will be the SL point?
  • #26,470
  • Sep 15, 2011 10:44pm Sep 15, 2011 10:44pm
Quoting traderathome
Ranging. Could break either way. Took my leave of it while able to do so with profit. Later (London session?), there may be clearer signs as to which way it will go.
Quoting foxybunny
Wonder why you manually closed your EJ-Long ??

As it look like having Higher-Lows slightly or like Double-Bottoms.

TAH, did you re-enter E/J - Long yesterday London/US ??

That would have been a better entry and better profits.

You are right with one of your last week or this week post on EUR may be Bullish again, of course don't know for how long bullish.
  • #26,471
  • Sep 15, 2011 10:52pm Sep 15, 2011 10:52pm
Quoting traderathome
Thanks for the kind sentiment, Domas4. It is not something I can live up to. And this week my trading sucks!

TAH, believe recently you have taken more trades during the more quiet sessions.
Since you seem to be awake during London and US sessions, better you just wait and enter during those sessions. The moves are clearer there still.
It is only if you sleep during London, then you may prefer to enter during Asian.

Remember, your signature line "SonicR - London Session PA Waves near S&R ".
Stick with this when you can.
  • #26,472
  • Sep 15, 2011 11:46pm Sep 15, 2011 11:46pm
In Peter I trust..

Inserted Video


Sonic
  • #26,473
  • Sep 16, 2011 2:46am Sep 16, 2011 2:46am
Quoting sonicdeejay
In Peter I trust..

http://www.youtube.com/watch?v=HPD-Ad98eu8

Sonic


Inserted Video



aligater
born to speculate
  • #26,474
  • Sep 16, 2011 2:59am Sep 16, 2011 2:59am
Hi gentlemen, this might come as a surprise but some of us can not view videos bcos of download limits on our browsers. So can someone pls explain all this videos. Is there something everyone knows except me.
Thanks
  • #26,475
  • Sep 16, 2011 3:24am Sep 16, 2011 3:24am
Quoting forex-newbie
Donkey..

What will be the SL point?
To go long the s/l will be be below a support area. If price pulls back to the area and gives 15 minute SonicR entry it would go somewhere below either the first low or the higher low of the sonic wave.
  • #26,476
  • Sep 16, 2011 5:40am Sep 16, 2011 5:40am
Quoting Adeleke
Hi gentlemen, this might come as a surprise but some of us can not view videos bcos of download limits on our browsers. So can someone pls explain all this videos. Is there something everyone knows except me.
Thanks
They are just YouTube Vids..

Can't view??

Sonic
  • #26,477
  • Sep 16, 2011 8:16am Sep 16, 2011 8:16am
Quoting foxybunny
TAH, did you re-enter E/J - Long yesterday London/US ??

That would have been a better entry and better profits.

You are right with one of your last week or this week post on EUR may be Bullish again, of course don't know for how long bullish.
That was a JOKE! I am trying to train myself to have neither bull nor bear bias, but instead, to simply trade whatever the chart shows in the London/US session. And you are correct about my entering trades in asian session. Probably, I should simply awake for US session, first half, and trade that; get in after whatever whips and trade for whatever it yields.
  • #26,478
  • Sep 16, 2011 8:25am Sep 16, 2011 8:25am
EU:

Entered short, EP= 1.3802. PA has taken on a H&S look. TP2 would be in the right target area for that, even though it is beyond the day range. Anyway, Dragon and Trend are down, PA is below both, good HL sequences, and........this could be failure at a whole number.
Attached Image (click to enlarge)
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  • #26,479
  • Sep 16, 2011 8:30am Sep 16, 2011 8:30am
Quoting traderathome
EU:

Entered short, EP= 1.3802. PA has taken on a H&S look. TP2 would be in the right target area for that, even though it is beyond the day range. Anyway, Dragon and Trend are down, PA is below both, good HL sequences, and........this could be failure at a whole number.
Looks more like the short was hours ago and price pulled back tot test the last SonicR long break out level. Short term divergence intot he low would have me saying too late to short, to early to long. I would think EU makes another push to the high or a higher high before a new SonicR short is presented.

I also see no "H&S" look.

But, as we say, "let the market decide..."

Good lucK, TAH.
  • #26,480
  • Sep 16, 2011 8:38am Sep 16, 2011 8:38am
Quoting ddaytrader
Looks more like the short was hours ago and price pulled back tot test the last SonicR long break out level. Short term divergence intot he low would have me saying too late to short, to early to long. I would think EU makes another push to the high or a higher high before a new SonicR short is presented.

I also see no "H&S" look.

But, as we say, "let the market decide..."

Good lucK, TAH.
Thanks for your well wishes, ddaytrader.

No question that the HL Sonic R short trade started much earlier/higher. But, this could drop more. It just needs to break the support of the whole number. It could happen. As for PA taking on the look of a H&S, I do not call it a H&S, just something that looks close to such a formation.....
Attached Image (click to enlarge)
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