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Sonic R. System

  • #26,641
  • Sep 20, 2011 9:02am Sep 20, 2011 9:02am
I know this system really works. all i need to do is DISCIPLINE ! Still learn and try to do it.

Tonight homework is reading Disciplined Trader.

TP: 27 pips
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  • #26,642
  • Sep 20, 2011 9:04am Sep 20, 2011 9:04am
Quoting shujiXakira
how were you able to know it was going up?
i didn't. but, price retest of the historic wave highs and setup wave tooking off from 1.2050 S&R seemed like a nice combination. refer to my chart posted previously, i have drawn gray line.
  • #26,643
  • Sep 20, 2011 9:07am Sep 20, 2011 9:07am
Quoting pipphunter
Gold, will buy at 1779-1785 range if the support holds the test.
Take a look the gold now!!!

Nice call.
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"Being picky only cost your time - not MONEY"...Hans
  • #26,644
  • Sep 20, 2011 9:18am Sep 20, 2011 9:18am
Quoting Notatui

Tonight homework is reading Disciplined Trader.
Nice start..

http://ih2.redbubble.net/work.767527...e-dewdrops.jpg

Sonic
  • #26,645
  • Sep 20, 2011 10:02am Sep 20, 2011 10:02am
Hi Sonic,

Would like to ask you would you enter a re-entry based on the chart?

Theres a up run earlier on and Price has cross both the dragon and 89 EMA, CCI and QQE both upwards. Is this considered a valid Sonic R reentry?

Will you based your EP on above the 89 EMA or above the top of the dragon or both? I understand that above both is best but for the attached pic, it could be above the 89 EMA.

However do you based on the PA out of steam becoz of the earlier run upwards?

Regards,
Evilmaster
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  • #26,646
  • Edited 11:50am Sep 20, 2011 11:28am | Edited 11:50am
GU:

I made a late session entry long (London already closed).
EP= 1.5709.

This has a series of higher HLs, with now the highs butting up against resistance line while lows continue marching up. This looks like a more probable breakout up, than down. The move, if it comes, might be delayed until tomorrow. With consideration for the HLs already cast I did not wait for another new candle to exit the Dragon for EP definement. I just looked for an opportunity to enter low. Anywhere inside the Dragon seemed reasonable for a long entry.

The SL is somewhat tight right now. If there is no move in remaining US session, then I might either close the trade, or widen the SL. The SL might need to be widened because with a whole new day higher volatility can come, especially following the Frankfurt Open.

If this runs well, I might close part at the TP, move the SL up and leave the balance running with another higher TP2 being selected at that time.

If this trade runs then most likely so will EU. I just like the look of PA on GU right now, better than on EU.
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  • #26,647
  • Sep 20, 2011 1:51pm Sep 20, 2011 1:51pm
Quoting traderathome
GU:

I made a late session entry long (London already closed).
EP= 1.5709.

This has a series of higher HLs, with now the highs butting up against resistance line while lows continue marching up. This looks like a more probable breakout up, than down. The move, if it comes, might be delayed until tomorrow. With consideration for the HLs already cast I did not wait for another new candle to exit the Dragon for EP definement. I just looked for an opportunity to enter low. Anywhere inside the Dragon seemed reasonable for a long entry.

The SL is...
It seems an ascendent triangle...difficult to trade this pair until PA clears it.

BTW...no wave here.

Regards,
Nando.
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"Being picky only cost your time - not MONEY"...Hans
  • #26,648
  • Sep 20, 2011 3:11pm Sep 20, 2011 3:11pm
EU short....
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  • #26,649
  • Sep 20, 2011 4:48pm Sep 20, 2011 4:48pm
What the hell is this???
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  • #26,650
  • Sep 20, 2011 5:02pm Sep 20, 2011 5:02pm
Quoting HankT
What the hell is this???
WOW...what is your broker?

Mine is different...in my chart i'd be Demand test.



Regards,
Nando.
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"Being picky only cost your time - not MONEY"...Hans
  • #26,651
  • Edited 6:04pm Sep 20, 2011 5:51pm | Edited 6:04pm
Quoting nando_rich
It seems an ascendent triangle...difficult to trade this pair until PA clears it.

BTW...no wave here.

Regards,
Nando.
Here was the PA wave I was trading, Nando. At time of entry only legs 1 and 2 were complete. Leg 3 was just getting started.
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  • #26,652
  • Sep 20, 2011 6:02pm Sep 20, 2011 6:02pm
HankT, Nando, the spike down on FXDD is lower than both of yours.

What is it? Do you really want me to go there? For now, let's just say we shouldn't be surprised if later there is a good upside move.

BTW, I am not suggesting any deviation from classis SonicR. Wait for the market to decide which way this is to go.
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  • #26,653
  • Edited 6:25pm Sep 20, 2011 6:08pm | Edited 6:25pm
Quoting sonicdeejay
Of coz we trade.
I have catious long 1.363x area.. Swimming in small pond with pigs..



http://www.forexfactory.com/attachme...9&d=1316508193

Sonic

Take TP 1 for a near 60 pips..
Seeing 1.370x as nice resistance..
Put SL @ BE.. the rest is free trade from now on..



Good Morning ladies..
Sonic
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  • #26,654
  • Sep 20, 2011 6:20pm Sep 20, 2011 6:20pm
UChf:

Entered long, EP= 0.8879.

This is a classic SonicR long, but high risk due to not being a London session trade. For analysis of HLs, I am ignoring the spike down (I have my reasons).
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  • #26,655
  • Sep 20, 2011 6:27pm Sep 20, 2011 6:27pm
Quoting traderathome
UChf:

Entered long, EP= 0.8879.

This is a classic SonicR long, but high risk due to not being a London session trade. For analysis of HLs, I am ignoring the spike down (I have my reasons).
Notti notti..
Asian hour.. Patience My dear Padawan..

Sonic
  • #26,656
  • Sep 20, 2011 6:49pm Sep 20, 2011 6:49pm
Quoting sonicdeejay
Notti notti..
Asian hour.. Patience My dear Padawan..

Sonic
Yes, Master, you are right. I shouldn't do this outside of the London/US session. I suspect by the time "asian hour" is over, so will be this trade,.....hopefully with profit, rather than a stop out loss.
  • #26,657
  • Sep 20, 2011 6:59pm Sep 20, 2011 6:59pm
Quoting traderathome
Looks like you are considering a short trade during the asian session. Your decision, but remember Sonicdeejay's recommendation to trade the London session.

On your chart, things would be clearer if you used blue or black for EP, and green for TPs.

Regards,
-tah
Thanks for feedback...will take advice on colors scheme. Ended up closing out trade manually for small profit after it couldn't catch any momentum. Unfortunately due to work and family, most of my demo will likely be in Asian session. I am going to try to start getting up one or 2 days a week to trade the London open, just for the feel of it. When I do get up, it appears I've missed most of the moves (5am est).
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  • #26,658
  • Sep 20, 2011 7:18pm Sep 20, 2011 7:18pm
Quoting Donkey
Thanks for feedback...will take advice on colors scheme. Ended up closing out trade manually for small profit after it couldn't catch any momentum. Unfortunately due to work and family, most of my demo will likely be in Asian session. I am going to try to start getting up one or 2 days a week to trade the London open, just for the feel of it. When I do get up, it appears I've missed most of the moves (5am est).
Mid-week is peak best trading. So, if you've only a couple of days you can awake for London session, I'd suggest T,W or W,Th.
  • #26,659
  • Sep 20, 2011 7:26pm Sep 20, 2011 7:26pm
anyone want to do an analysis on EURJPY? Tah, you've done a pretty good one on the last one. Sonic, what about you?
  • #26,660
  • Edited 8:01pm Sep 20, 2011 7:47pm | Edited 8:01pm
Quoting PipPipPip
anyone want to do an analysis on EURJPY? Tah, you've done a pretty good one on the last one. Sonic, what about you?
EJ:

Check larger TF charts and you will confirm this is in a down trend. EU and GU also, but they might yield a push up, a retrace in the down trend. Therefore, so might EJ yield a retrace up. A long trade would be a counter-trend trade, so tighter TP(s) are in order. the attached chart suggests some TP locatons, per Hansma's great work setting up the FE for this purpose.

Using the current PA wave, as shown, maybe the FE 200% makes sense for TP. However, mind that this is asian session. I would not suggest opening a trade now. Instead, wait to see what PA does with the London session. Much could change. If a long is to be, the London session might establish a SonicR long with lower EP than what would be the case right now.

Edit: Added 2nd chart. See how quickly things can change. The asian session is being fickle. BTW, if you look on M1 chart w/volume, you will discover something quite interesting. So, I still think long is quite possible. However, now you can see how a new long setup later might have a lower EP.

Summary; I think long is quite possible, but would wait for London session because there the PA might be driven low again before any real run up. It is all just my opinion. I do not know what is coming. No one does. But I do recommend waiting for the London session to see what happens.
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