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Sonic R. System

  • #29,401
  • Dec 30, 2011 5:10am Dec 30, 2011 5:10am
Quoting stevepatt
i have put Support (Demand) and Resistance (Supply) levels on my charts the magenta line is a weekly level. As I stated in my last post I like to see momentum going with me before entering a trade I'd want to see momentum (Impulse) breaking through this level and then a much slower (Corrective) test of this area before going long.
The Monthly lines appear to be on S/R points, however the Weekly lines appear to be spaced evenly, half way between the Monthly lines. Is that an accurate observation?

  • #29,402
  • Dec 30, 2011 5:24am Dec 30, 2011 5:24am
please comment
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  • #29,403
  • Dec 30, 2011 5:38am Dec 30, 2011 5:38am
Quoting ArtfulDodger
The Monthly lines appear to be on S/R points, however the Weekly lines appear to be spaced evenly, half way between the Monthly lines. Is that an accurate observation?

It's based on Murry Math Lines which are Gann based so we get evenly spaced lines with more envious placed on the higher TFs, it's just something I use to judge the significance of levels that are being traded.
  • #29,404
  • Dec 30, 2011 7:13am Dec 30, 2011 7:13am
Quoting maxryan9999
please comment
I do not think must bigger swing gonna happen..for the rest of the day.

http://img.izismile.com/img/img2/200...er_nerd_01.jpg

Sonic
  • #29,405
  • Dec 30, 2011 7:23am Dec 30, 2011 7:23am
here are my thoughts, these ladies are behaving how it should for now, GU broke 1.547x level therefore im just waiting for some PA and possible setup to show up in my battle zone:
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  • #29,406
  • Dec 30, 2011 9:56am Dec 30, 2011 9:56am
Quoting traderathome
GU:

Now a SonicR long setup.
GU:

.....and a very nice run up!
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  • #29,407
  • Dec 30, 2011 9:57am Dec 30, 2011 9:57am
Quoting traderathome
EU:

Hope Hansma is watching this. PA pulled back to test the HL of the original wave. I've set entry per chart. Multiple TPs shown. I guess prime are FE 113 and FE 162. Very high volume on the pullback, possibly stopping volume.
EU:

......this one, too!
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  • #29,408
  • Dec 30, 2011 9:58am Dec 30, 2011 9:58am
Quoting traderathome
UChf:

For those watching this one, note that PA pulled back to retest the original EP zone. There was high volume on that test, so it looks like the BBs are loading up shorts. Once PA breaks below previous lows, there is still good room for pips down to the range low mark. Might be worth keeping an eye on.
UChf:

And Happy New Year for those that were stalking this one!
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  • #29,409
  • Dec 30, 2011 10:20am Dec 30, 2011 10:20am
nice one master tah but dont forget the au as well....
for now im just lurking, i think PA will still try to revisit its previous SD area then im in...

happy new year to all sonikers!!!
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  • #29,410
  • Dec 30, 2011 11:03am Dec 30, 2011 11:03am
EU:

Buying back in on this pullback.
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  • #29,411
  • Dec 30, 2011 11:24am Dec 30, 2011 11:24am
EU:

Looks to be making a bounce up off of local SR. With London session over, who knows what will happen this last trading day of the year.
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  • #29,412
  • Dec 30, 2011 11:34am Dec 30, 2011 11:34am
Quoting alrightfrank
nice one master tah but dont forget the au as well....
for now im just lurking, i think PA will still try to revisit its previous SD area then im in...

happy new year to all sonikers!!!
AU:

That was quite a run, and probably all it is going to give for the rest of the year!
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  • #29,413
  • Dec 30, 2011 11:56am Dec 30, 2011 11:56am
Quoting balance001
I wonder:
all the time all of you speak about Volume
and draw SWINGS
my Question is:
why you did not count Swing Volume - in this case
you will see -will it be valid BreakOut or not...
Many here might be willing to respond to your question, but you are going to have to put way more effort into presenting questions if you want anyone to take you seriously! Geez, you didn't even take the time to identify what forex pair you were talking about!

-tah
  • #29,414
  • Edited 12:19pm Dec 30, 2011 12:08pm | Edited 12:19pm
Quoting traderathome
EU:

Looks to be making a bounce up off of local SR. With London session over, who knows what will happen this last trading day of the year.
EU:

Ok, I hear Sonicdeejay in my ear,....."Told ya so! Fridays the BBs often run stops...."

Translation:
The BBs, if knowing where they are likely going to drive prices the following week, often drive the price in the opposite direction late Fridays. And this is very easy for them to do late Fridays. After all, who is around to stop them!


So, having made a nice entry on a pullback to local support, those #*&@ BBs are at it again,.....continuing to work the price even lower. Well, if they get it low enough before the end of the day, I might go long again!
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  • #29,415
  • Dec 30, 2011 12:18pm Dec 30, 2011 12:18pm
Wish you all a very happy amd prosperous 2012...its great fun trading and learning with you all...thank you...
  • #29,416
  • Edited 12:59pm Dec 30, 2011 12:46pm | Edited 12:59pm
Quoting maxryan9999
please comment
Great trade, maxryan! Congratulations!

Comments:
1. Your EP, per SonicR, was early (at least several pips beyond end of 1st candle out of Dragon).
2. Your SL, per SonicR, was too close (from beyond leg2 end to beyond leg1 start)
3. Your choice of TP, per SonicR, was perfect!

I understand your confidence with the early entry and tight SL. I am only posting the comments so that other readers will understand there was deviation from the Sonic R. System criteria.

-tah
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  • #29,417
  • Dec 30, 2011 2:02pm Dec 30, 2011 2:02pm
Quoting traderathome
GU:

Entered long (EP= 1.5433). SC trade based on M15 FE 679% level hit, followed by high volume. Dropped down to M1 to see if there was a PA wave. Yes. Waited for PA to pull back down to test the end of Leg2 level area, and entered on PA rise from there.
GU:

Closed trade with 105 pips gain from EP= 1.5433 to close= 1.5538.
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  • #29,418
  • Dec 30, 2011 2:07pm Dec 30, 2011 2:07pm
Quoting traderathome
EU:

Hope Hansma is watching this. PA pulled back to test the HL of the original wave. I've set entry per chart. Multiple TPs shown. I guess prime are FE 113 and FE 162. Very high volume on the pullback, possibly stopping volume.
EU:

Closed trade with 78 pips gain from EP= 1.2919 to close= 1.2997.
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  • #29,419
  • Dec 30, 2011 2:24pm Dec 30, 2011 2:24pm
Quoting traderathome
EU:

Ok, I hear Sonicdeejay in my ear,....."Told ya so! Fridays the BBs often run stops...."

Translation:
The BBs, if knowing where they are likely going to drive prices the following week, often drive the price in the opposite direction late Fridays. And this is very easy for them to do late Fridays. After all, who is around to stop them!


So, having made a nice entry on a pullback to local support, those #*&@ BBs are at it again,.....continuing to work the price even lower. Well, if they get it low enough before the end of the day, I might...
EU:

BBs worked the price down to where I feel is a good entry zone. I said that I might add a long should this happen. I am passing on making another long trade here. I already have a long trade open from last week, and a new long trade opened about 25 pips higher than it is now. With those two open trades, plus four more on other pairs still running from last week, I have decided to stand down and let the New Year roll in.

This pullback is down to the area of the LH of the PA wave shown, and is confirming that LH area as support. Therefore, I see this PA as confrimation that this is going higher next week. Speculation.
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  • #29,420
  • Dec 30, 2011 4:12pm Dec 30, 2011 4:12pm
My Week With the Sonic R. System:

I have five trades that were initiated the previous week that are still running at considerable loss. This week I opened three new trades and closed two of them. The new trade that is still running is down about 27 pips.

2 new open/closed trades for a net gain of 178 pips (avg 89 per trade)

That is a hit rate of 100% for a net gain of 178 pips. All trades are posted right here on this thread, most of them posted live/real time.

This week brought extreme drives in the wrong direction for my open trades from last week, hence they are down considerably. I believe those trades are in the correct direction and will be profitable, but I would be better off currently had I had a hard SL on them, which I intended to do but did not do. As it is, I could have closed all open trade out near the end of today and the tally for last week and this week would still be a net profit over 100 pips.
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