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Sonic R. System

  • #28,141
  • Nov 17, 2011 1:02am Nov 17, 2011 1:02am
Quoting alrightfrank
EU got stopped out +22, have a good morning fellas..
I have pretty much the same +20 pips, for now +120, there was a nice channel up on euro during asian market, i will wait now until US news
  • #28,142
  • Nov 17, 2011 1:02am Nov 17, 2011 1:02am
Quoting Akkersson
The entry was great, I wasn't patient.
actually i was lured by that initial setup as well my friend, good thing i just waited for a while, patience really pays... anyways theres more to come.
regards
frank
  • #28,143
  • Nov 17, 2011 1:05am Nov 17, 2011 1:05am
Quoting alrightfrank
actually i was lured by that initial setup as well my friend, good thing i just waited for a while, patience really pays... anyways theres more to come.
regards
frank
Strong move up it was retracement from first ABCD
  • #28,144
  • Nov 17, 2011 1:12am Nov 17, 2011 1:12am
Quoting mavricos
I have pretty much the same +20 pips, for now +120, there was a nice channel up on euro during asian market, i will wait now until US news
ur right my friend, actually i just saw its end. thats why i took the sonic setup. its just hard for me to cope up with Lo market in eastern time.

@ akkerson: possible re-entry for sonicr setup imminent but dont take my word for it, be cautious my friend.
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  • #28,145
  • Nov 17, 2011 1:26am Nov 17, 2011 1:26am
Thanks Frank!
There was resistance 1.351x and bearish volume get down.
Just my look.

Akkersson
  • #28,146
  • Nov 17, 2011 1:46am Nov 17, 2011 1:46am
Below dragon..Looks looky short..


Sonic
  • #28,147
  • Nov 17, 2011 1:48am Nov 17, 2011 1:48am
Is it still a good setup even though near resistance at 1.342x ?
  • #28,148
  • Nov 17, 2011 1:49am Nov 17, 2011 1:49am
Quoting Akkersson
The entry was great, I wasn't patient.
i just want to share how i manage my trade my friend, so it wont hurt my small account so much. as a novice we have to learn that account preservation is an important key in this business. i know theres better money management out there but this is how i do it...
has anyone take advantage of a quick short burst of the market in M1? usually in my small account i open trade @ a dollar/pip or micro lot, then if i am sure of the market direction, i will hunt an entry in M1 for a standard 1-2 lots or it depends on your risk tolerance, and aim for a quick 10-15 pips. with this i can maximize the in between trade, and minimize my exposure.
just my 2cents and also for the essence of caring and sharing of this thread.
i hope this helps.
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  • #28,149
  • Nov 17, 2011 2:17am Nov 17, 2011 2:17am
Quoting alrightfrank
i just want to share how i manage my trade my friend, so it wont hurt my small account so much. as a novice we have to learn that account preservation is an important key in this business. i know theres better money management out there but this is how i do it...
has anyone take advantage of a quick short burst of the market in M1? usually in my small account i open trade @ a dollar/pip or micro lot, then if i am sure of the market direction, i will hunt an entry in M1 for a standard 1-2 lots or it depends on your risk tolerance, and aim for a...
Yeah Frank, you wrote it correctly. I have to keep it. Still learn and practice. I appreciate your opinion.

A.
  • #28,150
  • Edited 3:41am Nov 17, 2011 2:27am | Edited 3:41am
this is not a good setup for long euro, considering that double and almost triple bottom?

thx

ps. im in IN long same for EJ

EDIT: took +40 pips euro and 25 pips EJ SL BE
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fokyou forexfactory
  • #28,151
  • Nov 17, 2011 2:38am Nov 17, 2011 2:38am
Quoting DNTme
this is not a good setup for long euro, considering that double and almost triple bottom?

thx

ps. im in IN long same for EJ
As for ur pre entry..

It should be above the High of prev candle..


Sonic
  • #28,152
  • Nov 17, 2011 2:39am Nov 17, 2011 2:39am
EU

Some stopping vol near 1.344x... No new short for me..


Sonic
  • #28,153
  • Nov 17, 2011 2:40am Nov 17, 2011 2:40am
Quoting sonicdeejay
As for ur pre entry..

It should be above the High of prev candle..


Sonic
Ah, OK, got it..i did my entry based on the fork..second touch of the down line ...THX
fokyou forexfactory
  • #28,154
  • Nov 17, 2011 3:46am Nov 17, 2011 3:46am
Quoting traderathome
S/D?
+90 pips?

Fractal, please explain. And when describing a trade (90+ pips) please post chart showing the Sonic R. setup (wave, EP, SL, TPs, etc.). Otherwise, the post is meaningless to current and future readers of the thread trying to learn the system.

Your help is appreciated.
Sorry TAH. It is not based on sonic ep but based support and resistance (the lines in my pic).

Odds favors short according to the HTF. 1.343-1.344x will soon cannot hold the price IMO.

The sentiment of the mkt is standing on a turning point. As DD said, the turning point of the sentiment maybe useful.

Fractal
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Follow the smart money. Follow the probability.
  • #28,155
  • Edited 4:17am Nov 17, 2011 4:02am | Edited 4:17am
The trend is down, still down, still very much bearish. I use the H1 to demonstrate this. Yes, even though yesterday was "flat" (in a 100 pip range), the Dragon continues it's trek slightly downwards.

The BBs seem to be holding the line. Why? Maybe to give more time to "adjust" for what is to come. H1 shows heavier volume in first 3 hours of London session than yesterday, and PA is still in the range.

However, even on H1 we can see the dragon is angled down and PA is below the Dragon and below the Trend. In fact, on H1 the PA is right in the EP zone for a Sonic R. short trade.

I am still in my short trade. And with PA also below the Pivot I am encouraged of more downside. But regardless of all, the market can be radical, and we have to wait for it to do its thing,......."Let the market decide."

Yesterday, Sonic said he'd not go short until PA broke previous lows. And today Sonic remarks that heavy volume might be "stopping" volume. With the BBs, "anything goes..." so we have to be careful. Maybe taking Sonic's lead would be good,.....not to enter either short nor long until PA breaks previous lows or highs. Just a thought.

In little more than an hour from now is the start of a series of three USD high impact releases. Then, PA might do something to break out of the wide range one way, or the other.
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  • #28,156
  • Nov 17, 2011 4:19am Nov 17, 2011 4:19am
Quoting traderathome
The trend is down, still down, still very much bearish. I use the H1 to demonstrate this. Yes, even though yesterday was "flat" (in a 100 pip range), the Dragon continues it's trek slightly downwards.

The BBs seem to be holding the line. Why? Maybe to give more time to "adjust" for what is to come. H1 shows heavier volume in first 3 hours of London session than yesterday, and PA is still in the range.

However, even on H1 we can see the dragon is angled down and PA is below the Dragon and below the Trend. In fact, on H1 the PA is right in...
Nice analysis TAH , clear and objective, the way to be..
Seems holiday make things better, I am thinking to have a break too...
seeing through
  • #28,157
  • Nov 17, 2011 4:38am Nov 17, 2011 4:38am
Quoting sonicdeejay
EU

Some stopping vol near 1.344x... No new short for me..


Sonic

Nice visit back..
But No long too..

Rather looking for re-entry


Sonic
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  • #28,158
  • Nov 17, 2011 5:06am Nov 17, 2011 5:06am
Trading what I see..


CT Long

Sonic
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  • #28,159
  • Nov 17, 2011 5:12am Nov 17, 2011 5:12am
Quoting sonicdeejay
Trading what I see..


CT Long

Sonic
Goodluck Sonic, volume says long but I'll be very wary. I'm staying out.
  • #28,160
  • Nov 17, 2011 5:13am Nov 17, 2011 5:13am
Quoting sonicdeejay
Trading what I see..


CT Long

Sonic
same strategy here, I perfer to wait a bit longer to see the bull take those two blue lines
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seeing through
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