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Sonic R. System

  • #26,481
  • Edited 9:17am Sep 16, 2011 8:52am | Edited 9:17am
I put my SL below 1.374x.. My tough nut trade has come a long way baby..Done for a week... Just one trade.. hit 3 TPs..

Head and Shoulder?? not valid till 1.375x breaks..

Inserted Video


Sonic
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  • #26,482
  • Sep 16, 2011 8:55am Sep 16, 2011 8:55am
Quoting traderathome
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.
Oh, that was a joke!
I still have slight Bull bias for EUR though, but unsure for how long!!

US session is still dominating rather than London session in recent weeks, so you can catch the US session easier.

You seem awake for most sessions, just recently you away more during London sessions.

Which session do you normally sleep ??
  • #26,483
  • Sep 16, 2011 9:07am Sep 16, 2011 9:07am
Quoting traderathome
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.....
Which whole number support do you mean ??

As 1.3800 seem to have been broken down a few times already, and just going up and down around this region.
This 1.3800 whole number does not seem like a good support or resistance at the moment.

Look at yesterday E/U M15 extremely long Up-bar during US session that has a low around 1.3770 and a high around 1.3910.

If that 1.3770 can prove to be a support, which it seem to have done around 9pm ( 1 hr ago, around 1 hr after US Open), and if there is a Higher-Low from this 1.3770, then my expectation is for EUR/USD has better chance of Long than Short, from now till Mon/Tue.

If that 1.3770 area cannot support, then better chance for Short.
  • #26,484
  • Sep 16, 2011 9:15am Sep 16, 2011 9:15am
@ ShujiXkira
not important.

have a good weekend everyone
when I have some more time I will maybe post some charts.

born to speculate
  • #26,485
  • Sep 16, 2011 9:18am Sep 16, 2011 9:18am
Quoting foxybunny
Which whole number support do you mean ??

As 1.3800 seem to have been broken down a few times already, and just going up and down around this region.
This 1.3800 whole number does not seem like a good support or resistance at the moment.

Look at yesterday E/U M15 extremely long Up-bar during US session that has a low around 1.3770 and a high around 1.3910.

If that 1.3770 can prove to be a support, which it seem to have done around 9pm ( 1 hr ago, around 1 hr after US Open), and if there is a Higher-Low from this 1.3770, then my expectation...
I mean the 1.3800 whole number. PA waffled around it on the way up, and again now,.....on the way down? If PA breaks this area, at least 150 pips down would be the next area for targets, for me anyway.

Right now, the US session is having fun whipping the price to the the upper resistance area and TL. No one knows if PA will break it out, or not.
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  • #26,486
  • Sep 16, 2011 9:32am Sep 16, 2011 9:32am
Quoting traderathome
I mean the 1.3800 whole number. PA waffled around it on the way up, and again now,.....on the way down? If PA breaks this area, at least 150 pips down would be the next area for targets, for me anyway.

Right now, the US session is having fun whipping the price to the the upper resistance area and TL. No one knows if PA will break it out, or not.
Yes, US session whipping price.
Now, a sudden break below 1.3800 on M15.

Wait to see if 1.3770 can hold as support.
If not, then you got a nice Short.
  • #26,487
  • Sep 16, 2011 10:02am Sep 16, 2011 10:02am
Vol support.. telling me upward move may have more length to go..

Anyway.. Gd Nite and have a gr8 weekend..
Sonic
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  • #26,488
  • Edited 1:20pm Sep 16, 2011 10:14am | Edited 1:20pm
Quoting foxybunny
Yes, US session whipping price.
Now, a sudden break below 1.3800 on M15.

Wait to see if 1.3770 can hold as support.
If not, then you got a nice Short.
Right now, PA went back up to "test" supply at whole number, after bouncing up off the 1.3770 area. If this goes into a serious drop, I have this to say about the US session whipsaw up 40+ pips above the whole number....

It accomplished two things:

1. It triggered pending long orders, forcing those into the market. Such was the intent, because their SLs are going to later be hit, forcing orders to sell-to-close, which will add momentum to the drop later. Meanwhile, the buying action of those long orders enabled the BBs to get short orders filled (balance of new longs and new shorts) as the price rose.

2. It hit the SLs on shorts which forced those shorts into a buy-to-close situation, which added momentum upwards, helping the drive up to hit more SLs and to force more longs into the market! And the buy-to-close added liquidity to the market, further enabling the BBs to add shorts as the price rose.

.....the BBs were preparing for a drop they knew was coming.

So, let us see if the drop comes, if not started today, then next week?
  • #26,489
  • Sep 16, 2011 10:23am Sep 16, 2011 10:23am
Quoting traderathome
Right now, PA went back up to "test" supply at whole number, after bouncing up off the 1.3770 area. If this goes into a serious drop, I have this to say about the US session whipsaw up 40+ pips above the whole number....

It accomplished two things:

1. It triggered pending long orders, forcing those into the market. Such was the intent, because their SLs are going to later be hit, forcing orders to sell-to-close, which will add momentum to the drop later. Meanwhile, the buying action of those long orders enabled the BBs to get short orders...
you need to take some forex lessons ,,,
wasting your time here.

born to speculate
  • #26,490
  • Sep 16, 2011 10:43am Sep 16, 2011 10:43am
Quoting sonicdeejay
Vol support.. telling me upward move may have more length to go..

Anyway.. Gd Nite and have a gr8 weekend..
Sonic
Here is a different slant on the high volume. No one knows how this will go. Time will show us.
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  • #26,491
  • Edited 11:09am Sep 16, 2011 10:47am | Edited 11:09am
Quoting aligater
you need to take some forex lessons ,,,
wasting your time here.

Aligater, any opinions you have, that would be of value here, would be those regarding PA. You are the one that is wasting your time here, posting derisive remarks. If you disagree with my interpretation of what that whip up was all about, then step up to the plate and take your best swing. Come forth with some of that elite knowledge you learned in forex classes, to refute what I posted. Don't just sit in the protection of the dugout, shouting names!

Regards,
-tah
  • #26,492
  • Edited 11:56am Sep 16, 2011 11:41am | Edited 11:56am
Quoting sonicdeejay
I put my SL below 1.374x.. My tough nut trade has come a long way baby..Done for a week... Just one trade.. hit 3 TPs..

Head and Shoulder?? not valid till 1.375x breaks..

http://www.youtube.com/watch?v=gaJFnGGECJo

Sonic
I didn't say it was a H&S! I said it had that look about it, which it did at the time. And, BTW, if you examine the chart I posted, the neckline area (the break in the vertical black line, which is equidistant from Head to target) is right at the 1.3770s area, which is where it should be, if this had been an actual H&S formation. And this area is actually now acting as the major support area.
  • #26,493
  • Sep 16, 2011 11:54am Sep 16, 2011 11:54am
Quoting traderathome
Aligater, any opinions you have, that would be of value here, would be those regarding PA. You are the one that is wasting your time here, posting derisive remarks. If you disagree with my interpretation of what that whip up was all about, then step up to the plate and take your best swing. Come forth with some of that elite knowledge you learned in forex classes, to refute what I posted. Don't just sit in the protection of the dugout, shouting names!

Regards,
-tah
TAH, please don't pay attention to such a posts.

Personally I appreciate your opinion very much and I'm really impressed by the trades you have. I must say I learnt a lot from you. And that's the goal and the purpose of your posts. To make those who can think look at a chart and think of the required stuff: levels, volumes, trends, timing etc.

It seems that I realized how interesting and amazing is to investigate what's standing behind the PA

Thank you very much!

PS I should mention Sonic and DD as well as my best inspirers. Every trade made by you, guys, makes me go and read articles and books and then analyze charts again and again, asking myself: "Why did they see and predict that while I didn't"
  • #26,494
  • Sep 16, 2011 12:06pm Sep 16, 2011 12:06pm
Hi All,

I would like to ask all of the senior traders one question.

Do you all have the best trade/profit while the its in the spike timing like 2-3pm and 8-9pm [GMT +8] when the session just opened? Personally I have all my winning trades there, then after that the whipsaw after the opening of the sessions killed all my winnings again. Slowly and surely.

Just need to know do you guys suggest getting out after the I gotten my winnings, based on my 'spike' timing trades. (I just started out trading live)

Regards,
Evil
  • #26,495
  • Sep 16, 2011 12:16pm Sep 16, 2011 12:16pm
Quoting phi1ipp
TAH, please don't pay attention to such a posts.

Personally I appreciate your opinion very much and I'm really impressed by the trades you have. I must say I learnt a lot from you. And that's the goal and the purpose of your posts. To make those who can think look at a chart and think of the required stuff: levels, volumes, trends, timing etc.

It seems that I realized how interesting and amazing is to investigate what's standing behind the PA

Thank you very much!

PS I should mention Sonic and DD as well as my best inspirers. Every trade...
phi1ipp, thank you for your moral support. It is refreshing.

I have enough on my hands just working out my problems with SLs and with breaking my bad habit of trading outside the London/US session. I really don't need the aggravation of dealing with people that deride and hide. Their posts require that I respond, lest others be led astray by their innuendos. I would actually enjoy their posts if they contained facts to refute, because then that would be a valuable and educational post to this thread.

The Master, Sonicdeejay, is a good example of a Soniker that can post in a constructive and instructive manner; ddaytrader too. In time, perhaps others will follow their good examples.

Again, thank you, phi1ipp.

Regards,
-tah
  • #26,496
  • Edited 1:29pm Sep 16, 2011 12:54pm | Edited 1:29pm
Quoting Evilmaster
Hi All,

I would like to ask all of the senior traders one question.

Do you all have the best trade/profit while the its in the spike timing like 2-3pm and 8-9pm [GMT +8] when the session just opened? Personally I have all my winning trades there, then after that the whipsaw after the opening of the sessions killed all my winnings again. Slowly and surely.

Just need to know do you guys suggest getting out after the I gotten my winnings, based on my 'spike' timing trades. (I just started out trading live)

Regards,
Evil
Sonicdeejay recommends trading the London session.

There are times outside the London session when a setup can appear. Taking it is a judgement call on the part of the trader. In the attached chart, today there was a good setup leading up to the London Open. And the best SonicR entry occurred before the London Open. This is an example of using your judgement if to enter then, or not. After the London Open, PA could just as easily have reversed, and moved up thru the Dragon to create a SonicR long setup.

This is the kind of thing you have to deal wlth in the Market. If such a trade goes as planned, fine. However, if PA suddenly reverses thru the Dragon, you also need to use you judgement there, too. If you are not already stopped out, then do you manually close the trade and re-enter the other way. Or, do you wait to see if PA hits your SL? If it does hit your SL, do you re-enter long? Or, do you wait to see if PA reverses again, back in the direction of the original trade? If PA does reverse again, back in the original trade direction, do you quickly re-enter short, or do you wait until PA has achieved the other side of the Dragon again?

There are no easy answers to your questions, or those presented above. You win some. You lose some. Most of the time the London session offers the best SonicR setups. Sometimes, it can be fraught with whipsaws, too. Early asian session setups, most of the time, turn out to be head fakes or low pip moves. Frequently, Frankfurt Open setups (like in the attached picture) turn out to be head fakes also.

All in all, the London session is the best place to be trading SonicR. Using the example below, the trader could have waited until the London Open, and still have caught an entry at, or just below, the Trend line. An entry in that area yielded 50 pips to the trader within the first 30 minutes of the London session.


Regards,
-tah
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  • #26,497
  • Sep 16, 2011 1:20pm Sep 16, 2011 1:20pm
Quoting traderathome
Sonicdeejay recommends trading the London session.

There are times outside the London session when a setup can appear. Taking it is a judgement call on the part of the trader. In the attached chart, today there was a good setup leading up to the London Open. And the best SonicR entry occurred before the London Open. This is an example of using your judgement if to enter then, or not. After the London Open, PA could just as easily have reversed, and moved up thru the Dragon to create a SonicR long setup.

This is the kind of thing you have to...
Hi TAH,

Thanks for your kind answer. You sort of answer my questions. For now, I will stick to trading within the session, only above or below the dragon, coupled with valid QQE and CCI entry for the whole of the month.

I guess I was too anxious to make pips ending up learning CT trades while im not good at it and earasing all my profits on a daily basis http://www.forexfactory.com/images/icons/icon9.gif. Initially when I just traded according to the rules all was good, I had a 75% winning rate....till I was greedy and wanted more. then earasing all my profits away. I promise not to do that anymore.

Thanks,
Evil
  • #26,498
  • Sep 16, 2011 1:39pm Sep 16, 2011 1:39pm
Quoting Evilmaster
Hi TAH,

Thanks for your kind answer. You sort of answer my questions. For now, I will stick to trading within the session, only above or below the dragon, coupled with valid QQE and CCI entry for the whole of the month.

I guess I was too anxious to make pips ending up learning CT trades while im not good at it and earasing all my profits on a daily basis http://www.forexfactory.com/images/icons/icon9.gif. Initially when I just traded according to the rules all was good, I had a 75% winning rate....till I was greedy and wanted more....
20-30 pips on an early asian session setup is good.
35-75 pips on a London session setup is good.

Get greedy, and you'll find yourself stopped out.

Some say, "Let your winners ride." Only they don't define how to tell when the "winner" is best closed out. Sonicdeejay makes two-part trades. The first part has a reasonably close TP. There he closes the first part, and moves the trade SL to BE+ for the duration of the trade. The trade will either hit the SL on the second part, for no gain/loss, or the trade will hit TP2. TP2 could easily be 100-200+ pips away from BE+.

It is a good example of how to trade.

DanPa always traded one part, with a close in TP for the London session, just 20-40 pips away. Take the money and run strategy! His success rate was exceptional.

That too, is a good example of how to trade.


Regards,
-tah
  • #26,499
  • Sep 16, 2011 2:34pm Sep 16, 2011 2:34pm
Quoting traderathome
Sonicdeejay recommends trading the London session.
That leads us to another dilema. How are you guys, who live in the US, manage to trade during the London session? It's a late night in the US if I'm right.
  • #26,500
  • Sep 17, 2011 2:18am Sep 17, 2011 2:18am
Quoting traderathome
20-30 pips on an early asian session setup is good.
35-75 pips on a London session setup is good.

Get greedy, and you'll find yourself stopped out.

Some say, "Let your winners ride." Only they don't define how to tell when the "winner" is best closed out. Sonicdeejay makes two-part trades. The first part has a reasonably close TP. There he closes the first part, and moves the trade SL to BE+ for the duration of the trade. The trade will either hit the SL on the second part, for no gain/loss, or the trade will hit TP2. TP2 could easily be...
Hi TAH,

Does that mean Sonic will physically look at his first part trade and closes 50% of the open position first, then subsenquently shift his SL to break even level then set TP2 and can go to sleep? May I know what is BE+?

The method that Danpa uses is it like what I describe myself when I was having large part of the winning trades? Trading in the opening of the session and just exit when you see the PA is running out of steam? Take the money and run kinda stragtegy?


Regards,

Evil
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