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Sonic R. System

  • #28,901
  • Dec 13, 2011 8:52am Dec 13, 2011 8:52am
AU:

Entered SonicR long (EP= 1.0143) for maybe a short run to the green area.
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  • #28,902
  • Dec 13, 2011 8:57am Dec 13, 2011 8:57am
EU:

Entered SonicR long (EP= 1.3203).
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  • #28,903
  • Dec 13, 2011 9:11am Dec 13, 2011 9:11am
Pardon me while I vent. Don't you just hate it when you put a stop on a trade that is a longgggg way away and clear of S/R lines, and the price suddenly darts out and hits it, only to settle right back down where it was trading?

That happened to me twice today, and it sucks!

Ok, I'm over it now. LOL

Continue what you were doing.
  • #28,904
  • Dec 13, 2011 9:12am Dec 13, 2011 9:12am
Hi all this is my first post on this thread. i'm still getting to grips with this system and was wondering if there was an up-to-date manual for it yet?
  • #28,905
  • Dec 13, 2011 9:18am Dec 13, 2011 9:18am
Quoting traderathome
EU:

Entered SonicR long (EP= 1.3203).
A question TAH.

Wouldn't that trade be contrary to the basic Sonic R rules as the dragon is heading down?
  • #28,906
  • Dec 13, 2011 9:22am Dec 13, 2011 9:22am
Can you pls tell me why EU is behaving like this?
masters TAH,Sonic,Hans? whats going on?

actually this is one of the moment ive been waiting, this is the time where i believe i can double my account hahahah ive been hunting this since last nite.

thanks a lot.
frank
  • #28,907
  • Dec 13, 2011 9:42am Dec 13, 2011 9:42am
We have FOMC crap coming up in 3 hr timeCarefully..


Sonic
  • #28,908
  • Dec 13, 2011 9:45am Dec 13, 2011 9:45am
EU, is the PA targeting 1.306x level??? my chart telling me to go short....
  • #28,909
  • Dec 13, 2011 10:12am Dec 13, 2011 10:12am
Quoting traderathome
AJ:

Closed half at TP1 for 33 pips from EP to TP. This was a late US session trade. Removed TP2 and SL at end of yesterday, not knowing how the asian session might shape up. Later, repositioned SL, which almost got hit.

New, higher TP2 for balance of trade, but it is tentative. SL now a BE.
AJ:

Trade 2 stopped out for 6 pips gain from EP to SL.
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  • #28,910
  • Dec 13, 2011 10:22am Dec 13, 2011 10:22am
Quoting ArtfulDodger
A question TAH.

Wouldn't that trade be contrary to the basic Sonic R rules as the dragon is heading down?
Actually, the very end of the Dragon was angling up. But, the BBs decided down again.
  • #28,911
  • Dec 13, 2011 10:37am Dec 13, 2011 10:37am
Quoting alrightfrank
Can you pls tell me why EU is behaving like this?
masters TAH,Sonic,Hans? whats going on?

actually this is one of the moment ive been waiting, this is the time where i believe i can double my account hahahah ive been hunting this since last nite.

thanks a lot.
frank
An answer would be purely speculation. And we trade what the chart says (albeit better SL management wouldn't hurt!). But, here goes .....

EU pricing is in an area of historic SR, a wide area which enables the BBs to stroke it up and down for profit, keeping everyone else wondering what the hell is going on. So, maybe with FOMC yet to come, some BBs decided to pull the rug some more, close some shorts and grab some longs. And, maybe FOMC will be the excuse to ram it north again. Yes? No? And, what difference does it make? Just so long as the price moves.

We trade the charts. And recent days has demonstrated the benefit of practicing good money management. Nothing is any different from always, which is that at any time the price can move in the other direction and dramatically so.
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  • #28,912
  • Dec 13, 2011 11:01am Dec 13, 2011 11:01am
Quoting traderathome
Actually, the very end of the Dragon was angling up. But, the BBs decided down again.
So does that imply that we should just look at the very end point of the dragon when making a decision, or maybe a few candles-worth back?
  • #28,913
  • Dec 13, 2011 11:48am Dec 13, 2011 11:48am
which color arrow is the high ? some say red, some say blue.. wat is the analysis to differentiate?

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  • #28,914
  • Dec 13, 2011 11:57am Dec 13, 2011 11:57am
Quoting Fioon
which color arrow is the high ? some say red, some say blue.. wat is the analysis to differentiate?

Attachment
AU:

The first PA wave in the attached chart shows your situation in question. The boxed candle is the first candle out of the Dragon, which establishes the "high", beyond which by at least several pips would be EP.

The problem here is of a much different nature. It is that the PA wave you are focused on is BEFORE the London session! The better PA wave is the second one in time shown on the chart. An EP several pips beyond the end of the boxed candle for this PA wave would have been a trade good for 30+ pips.
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  • #28,915
  • Dec 13, 2011 12:01pm Dec 13, 2011 12:01pm
TAH, I want to tell you that, you are my idol, forex is so, rise or fall, over 50% win rate was very good, will always be people like me who support you, trying to to help newbie like me, thank you much!English is not my first language, there is nothing wrong, sorry please ignore
  • #28,916
  • Dec 13, 2011 12:04pm Dec 13, 2011 12:04pm
Quoting ArtfulDodger

So does that imply that we should just look at the very end point of the dragon when making a decision, or maybe a few candles-worth back?
Most of the time the angle of the Dragon is very clear for a number of candles. At the time of the trade, the Dragon (up at it's very end) was flat in this regard. So, in retrospect, looking at the very end of the Dragon for confirmation of a long trade was really "stretching" for confirmation. The trade should not have been put on. And perhaps this is testimony as to how important are EACH OF THE VERY FEW requirements for a Sonic R. System trade!

In the attached pic, the angle of the Dragon is unmistakable, as it should be. Here, however, we are outside the London session, so no short entry (EP is just below the half number) is considered at this time.
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  • #28,917
  • Dec 13, 2011 12:53pm Dec 13, 2011 12:53pm
What do you think about placing pending orders in both directions at the time of critical news events. If the event affects the PA, one of the pending orders would catch the wave created by the event. Does this make any sense to try?
  • #28,918
  • Dec 13, 2011 1:14pm Dec 13, 2011 1:14pm
Quoting ArtfulDodger
What do you think about placing pending orders in both directions at the time of critical news events. If the event affects the PA, one of the pending orders would catch the wave created by the event. Does this make any sense to try?
That is hedging, and not permitted by NFA in the US. I guess the way around that would be to have two separate accounts, and place the long trade in one account and the short trade in the other account.

Sonic R. is not about trading news. It is about wave patterns, S&R, and the high volume time of the market.
  • #28,919
  • Dec 13, 2011 1:26pm Dec 13, 2011 1:26pm
Quoting traderathome
That is hedging, and not permitted by NFA in the US. I guess the way around that would be to have two separate accounts, and place the long trade in one account and the short trade in the other account.

Sonic R. is not about trading news. It is about wave patterns, S&R, and the high volume time of the market.
I guess my understanding of what hedging is was incorrect. I thought it referred to having two (or more) active trades going at the same time, in opposite directions.

My proposal was to place two pending trades in opposite directions. Once one of them was hit and entered, the other would be cancelled.
  • #28,920
  • Dec 13, 2011 1:40pm Dec 13, 2011 1:40pm
Quoting ArtfulDodger
I guess my understanding of what hedging is was incorrect. I thought it referred to having two (or more) active trades going at the same time, in opposite directions.

My proposal was to place two pending trades in opposite directions. Once one of them was hit and entered, the other would be cancelled.
I tried to place a close order on a trade part that was not the first part of the trade to be entered. The order tile took no action, but came back with "Violation of NPA FIFO". My guess is that any attempt to make a pending order that hedges another pending order is going to meet with the same uncooperative order tile. But, hey, if you try it then let us know what happens.
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