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Sonic R. System

  • #31,281
  • Feb 24, 2012 7:37am Feb 24, 2012 7:37am
Just my question, not for entry : if price break low 1.0701, higher low now is 1.0747, will it be a good sonic system setup ( short ) ? dragon seem angled down with PA, and now is still london session.
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Keep Simple...!
  • #31,282
  • Edited 8:01am Feb 24, 2012 7:50am | Edited 8:01am
Quoting kotlt
Just my question, not for entry : if price break low 1.0701, higher low now is 1.0747, will it be a good sonic system setup ( short ) ? dragon seem angled down with PA, and now is still london session.
The waves i think you're seeing here on AU to base this entry on could be valid, but to my mind slightly 'contrived'. I prefer the look of the current wave down (from the tweezer top a couple of hours or so ago) as wave 1. Coupling with a solid break and close below the round number would be a great entry imo, but of course we need to see wave 2 and the 3rd wave begin to print first before considering an entry.
  • #31,283
  • Feb 24, 2012 8:37am Feb 24, 2012 8:37am
I have been doing lotsa reading Sonikers...

Inserted Video


Trade Safe..

Sonic
  • #31,284
  • Feb 24, 2012 8:47am Feb 24, 2012 8:47am
Quoting kotlt
Just my question, not for entry : if price break low 1.0701, higher low now is 1.0747, will it be a good sonic system setup ( short ) ? dragon seem angled down with PA, and now is still london session.
AU:

With only 15 minutes to USD release, this is now a beautiful SonicR short setup, but one might wait until the release unless PA breaks the lower whole number beforehand convincingly.

Meanwhile, other USD pairs are going parabolically the other way.
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  • #31,285
  • Feb 24, 2012 8:59am Feb 24, 2012 8:59am
January 31, 2012: "Reverting back to our trusty key correlation of 2012, namely the comparison of the Fed and ECB balance sheet, it would mean that absent a proportional Fed response, the fair value of the EURUSD would collapse to a shocking 1.12 as the ECB's balance sheet following this LTRO would grow from €2.7 trillion to €3.7 trillion." And the reason why the latter extract should remind readers of the former is because it is the basis for the just released conclusion by Morgan Stanley cutting its EURUSD price target from 1.20 to 1.15.

http://www.zerohedge.com/news/morgan...ing-ecb-easing

This is old stuff. Now let's see what the market decides.
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  • #31,286
  • Feb 24, 2012 9:00am Feb 24, 2012 9:00am
We are too engross into counting wave, and end up ignoring some obvious..
If we look at the chart int the perspective.. We are having high low in near term..so instead of look for a short.. we should be waiting for a nice sonic R classic long entry..


Sonic

P.S Most of us already know that how mkt moves. the weakness of us is we ourselves..
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  • #31,287
  • Edited 10:21am Feb 24, 2012 9:05am | Edited 10:21am
Quoting sonicdeejay
We are too engross into counting wave, and end up ignoring some obvious..
If we look at the chart int the perspective.. We are having high low in near term..so instead of look for a short.. we should be waiting for a nice sonic R classic long entry..


Sonic

P.S Most of us already know that how mkt moves. the weakness of us is we ourselves..
That is bias talking, which is ok, just so long as we remember that the Wave and Dragon are primary. So long as PA is below the Dragon any thought of entering long is out of the question!

And, yes, we know how the market moves. If it cares about a good USD release, it will probably do yet another opposite push to take every other right side trader out of the market first, before it reverses!

It is why we wait to see what the market decides.

BTW Sonikers, the USD high impact release was great! Even better than projected. So let's see if the market even cares! For the past two months it hasn't!
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  • #31,288
  • Feb 24, 2012 9:17am Feb 24, 2012 9:17am
Quoting sonicdeejay
we are too engross into counting wave, and end up ignoring some obvious..
If we look at the chart int the perspective.. We are having high low in near term..so instead of look for a short.. We should be waiting for a nice sonic r classic long entry..


Sonic

p.s most of us already know that how mkt moves. The weakness of us is we ourselves..
absulatly rite
my entry long
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  • #31,289
  • Feb 24, 2012 9:21am Feb 24, 2012 9:21am
Quoting alkenany
absulatly rite
my entry long
Don't care. Not anywhere near a proper SonicR long entry....
  • #31,290
  • Feb 24, 2012 9:25am Feb 24, 2012 9:25am
Quoting ArtfulDodger
Stop hunting day, as in "hunting of stops",

AND

Stop hunting day, as in "stop hunting for a trade and
take some time off for other interests, friends, and family!"


That is an Artful interpretation, nice twist of words.
  • #31,291
  • Feb 24, 2012 9:33am Feb 24, 2012 9:33am
Quoting foxybunny
That Magenta line you label as Dragon is NOT commonly known as Sonic Dragon in this thread. It is more like a Support/Resistance line.

We refer to the Dragon to mean the two lines (you coloured Blue) above that you label.
Foxybunny, in the Sonic R. System Summary linked in Post #1, the Dragon and Trend are clearly labeled in the example pic. This poster takes time to post, yet hasn't the concern to take the time to read and learn. Maybe this person is expecting us to spoon feed him, like a baby.

My suggestion is the next time a person asks an elementary question, or shows any other signs of being too lazy to read and learn the material that has been put together with great expense of time and effort for their benefit, we just refer them back to Post #1.

-tah
  • #31,292
  • Feb 24, 2012 9:36am Feb 24, 2012 9:36am
Quoting traderathome
Don't care. Not anywhere near a proper SonicR long entry....
I have my 2 different entry
1. early entry as shown befor
2. entry on break as stated by sonic R
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  • #31,293
  • Feb 24, 2012 9:39am Feb 24, 2012 9:39am
Quoting Dyekid217
EU long triggered @1.3392
UC short triggered @.89992

Dyekid, I would not have taken your EU Long @ 1.3392 due to Prices just very flat for quite a long period before the price cross up on the Dragon.
And many times I encontered whipsaw up and down from such entries before the price decide which way to go.

Good that you took the entry though as you captured your TP.


"how do you guys like settings your pending orders once price breaks out of the dragon?? I'm currently testing the spread+5 pips above the high/low of the candle."


Yes, I used to do this with price coming out of Dragon setting entry around 7pips - 10pips. 10pips seem a bit too much as I also recalled last time that SonicDeejay and TAH both mentioned I set too high to enter.
5pips may be enough for you.

Only do this if I am not watching the price, as when I set a limit, and price enter but happened to be a Long bar, then retraced too much.

If you are watching screen, then probably no need to set until you see the price really past the dragon.
If you are away from screen, and you see a potential setup while you may be away, then better to set a limit entry.
  • #31,294
  • Edited 9:51am Feb 24, 2012 9:39am | Edited 9:51am
Quoting alkenany
I have my 2 different entry
1. early entry as shown befor
2. entry on break as stated by sonic R
Ok, much better. But without any TP(s) your depiction of a Sonic R. System setup and trade is still incomplete, and so of much degraded value for this manual, the Sonic R. System thread.

Please redo and show your TP(s) also.

-tah
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  • #31,295
  • Feb 24, 2012 9:55am Feb 24, 2012 9:55am
Quoting foxybunny
That is an Artful interpretation, nice twist of words.
Thanks! Thought maybe my comment slipped by everyone.
  • #31,296
  • Feb 24, 2012 10:00am Feb 24, 2012 10:00am
AU:

Now a classic Sonic R. System short setup.
1. London Session
2. Proper Wave
3. Dragon angled down
4. PA below Dragon (better still, below Trend)
5. S&R consideration is the breakout will take PA down thru major support (lower whole number).

tah
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  • #31,297
  • Feb 24, 2012 10:02am Feb 24, 2012 10:02am
Quoting traderathome
Ok, much better. But without any TP(s) your depiction of a Sonic R. System setup and trade is still incomplete, and so of much degraded value for this manual, the Sonic R. System thread.

Please redo and show your TP(s) also.

-tah
I would do anything just for you
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  • #31,298
  • Feb 24, 2012 10:19am Feb 24, 2012 10:19am
Quoting traderathome
AU:

Now a classic Sonic R. System short setup.
1. London Session
2. Proper Wave
3. Dragon angled down
4. PA below Dragon (better still, below Trend)
5. S&R consideration is the breakout will take PA down thru major support (lower whole number).

tah
Wouldn't an entry point a little bit below the whole number be a better choice?

  • #31,299
  • Feb 24, 2012 10:25am Feb 24, 2012 10:25am
Quoting ArtfulDodger
Wouldn't an entry point below the whole number be a better choice?

After all the BS the market has been pulling, figured if it gets to the whole number it's going thru the whole number! I mean, at that point everyone has had a fair opportunity to know what the market has been doing, and many will probably hop aboard the Southbound Express.
  • #31,300
  • Feb 24, 2012 10:28am Feb 24, 2012 10:28am
EU:

Entry short triggered (EP= 1.0700).
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