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Sonic R. System

  • #31,701
  • Mar 7, 2012 1:49pm Mar 7, 2012 1:49pm
Ok so this was a wrong trade:

EP:1.3108
SL:1.3132
TP1:1.3086 (ignore scale on the chart TP is just off it)
TP2:1.3064

Look good at the time. 1H & 4H trend down. Was done about 1:45h after the USD Job data. What there anything wrong? Was the something that could have told me not to do it? Only thing I see is the 1.3100 Round Support number....anything I missed.....still learning this as a complement to my plan. Lost 1.5% in total, so nothing major.

Regards
Attached Image (click to enlarge)
Click to Enlarge Name: Euro.JPG Size: 203 KB
  • #31,702
  • Mar 7, 2012 2:15pm Mar 7, 2012 2:15pm
few posts earlier will show you some problems with that short - volumes. Also the support. I think small TP level.
  • #31,703
  • Mar 7, 2012 3:45pm Mar 7, 2012 3:45pm
Quoting babetko
Hello, do you have SL? I do not see it
I got stop out at 1.30990 , where should I put my SL, anyone?
  • #31,704
  • Mar 7, 2012 7:26pm Mar 7, 2012 7:26pm
tah,

do you know the solution for this issue?

"Hi,

I need some help, the default sonic white templates, they don't show the lines of the entry orders SL and TP, I have already tried to change colors but I was still not able to fix it, did anyone had this issue before?

thank you"
  • #31,705
  • Mar 7, 2012 7:35pm Mar 7, 2012 7:35pm
Quoting migmac
tah,

do you know the solution for this issue?

"Hi,

I need some help, the default sonic white templates, they don't show the lines of the entry orders SL and TP, I have already tried to change colors but I was still not able to fix it, did anyone had this issue before?

thank you"
Yes. The solution is that we all draw them by hand using the MT4 line drawing tool (icon is "/" at top of chart)! Be sure to uncheck "ray" in the tool properties.
  • #31,706
  • Edited 8:09pm Mar 7, 2012 7:43pm | Edited 8:09pm
AU:

This latest push down of the price, and ultra quick rebound, looks more like "liquidity creation" (a very polite term for a very nasty business) than it does selling. Time will tell, but if we get a SonicR long setup later, I'd have more confidence in it now than before. Just look at the pattern of bounces lately.
Attached Image(s) (click to enlarge)
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  • #31,707
  • Mar 7, 2012 8:46pm Mar 7, 2012 8:46pm
EU:

As with AU, this looks to be in a stage of accumulation; buying to close shorts followed by buying to open longs would be logical. So, more penetration into the accumulation area is likely if the market is not finished.

There is the possibility this is just a pause in a down trend, a way-station along the road south. Two things though, make this less likely. Interest at the most recent lows is higher than at the most recent highs, which is a sign of buying. Also, we must remember Benanke's promise to not let the US dollar get too strong against the euro during this multi-year shakeout of the mess the ultra-rich have brought down upon the world. Some semblance of fair distribution of rights and wealth must eventually be achieved, but meanwhile those in control take great care not to not upset the euro apple cart, lest a bunch of ultra-rich on both sides of the pond take an unwanted hair cut (though, imho, they sure deserve one).

However, as always, the market decides "which way" from day to day.
Attached Image (click to enlarge)
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  • #31,708
  • Mar 7, 2012 9:15pm Mar 7, 2012 9:15pm
Quoting neilbuc
Ok so this was a wrong trade:

EP:1.3108
SL:1.3132
TP1:1.3086 (ignore scale on the chart TP is just off it)
TP2:1.3064

Look good at the time. 1H & 4H trend down. Was done about 1:45h after the USD Job data. What there anything wrong? Was the something that could have told me not to do it? Only thing I see is the 1.3100 Round Support number....anything I missed.....still learning this as a complement to my plan. Lost 1.5% in total, so nothing major.

Regards
I'd agree with the other poster on both counts, you didn't "look to the left", in other words check for where prices reversed before (Support, see chart and re-check page 1 and links, don't enter too close to sup/res), plus as you say its was also a round number. Also agree TP was too small so if that was a good TP (chart-wise), then the R:R wasn't worth it.

See chart for more notes. Hope that helps.
Attached Image (click to enlarge)
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  • #31,709
  • Mar 7, 2012 9:39pm Mar 7, 2012 9:39pm
GU:

Entered long (EP= 1.5743).
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  • #31,710
  • Edited 11:00pm Mar 7, 2012 10:13pm | Edited 11:00pm
Quoting traderathome
EU:

As with AU, this looks to be in a stage of accumulation; buying to close shorts followed by buying to open longs would be logical. So, more penetration into the accumulation area is likely if the market is not finished.

There is the possibility this is just a pause in a down trend, a way-station along the road south. Two things though, make this less likely. Interest at the most recent lows is higher than at the most recent highs, which is a sign of buying. Also, we must remember Benanke's promise to not let the US dollar get too strong...
I just want to say I really enjoy all the extra commentary you add to your setups/charts etc as it adds a lot of insight and since I'm fairly new to Forex (coming from Stock Market, Commodities) it helps alot. A lot of the behind the scenes stuff like 'ramp jobs', 'pop & drops" etc seem to be the same overall, and PA is PA, but I'm expecting a few differences overall in Forex and maybe a unique characteristic or two from the Stock Markets and Commodities that I'm used to trading so thanks for this. (One thing I did notice, everything seems to move a fair bit slower most times and thankfully there are WAY less gaps)
  • #31,711
  • Mar 7, 2012 10:13pm Mar 7, 2012 10:13pm
Quoting traderathome
EU:

Entered long (EP= 1.3145).
EU:

TP1 reached and trade #1 closed for 31 pips gain EP= 1.3145 to TP1= 1.3176. Trade #2 still running.
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  • #31,712
  • Mar 8, 2012 12:16am Mar 8, 2012 12:16am
Just buy it
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  • #31,713
  • Mar 8, 2012 12:20am Mar 8, 2012 12:20am
Quoting sonicdeejay
Some1 pls post m15 EU..
I see big vol comin in..no advicable to short..

Sonic
15 hr later with + 70 pips..

Told cha..

Sonic
  • #31,714
  • Mar 8, 2012 12:25am Mar 8, 2012 12:25am
Quoting neilbuc
Ok so this was a wrong trade:

EP:1.3108
SL:1.3132
TP1:1.3086 (ignore scale on the chart TP is just off it)
TP2:1.3064

Look good at the time. 1H & 4H trend down. Was done about 1:45h after the USD Job data. What there anything wrong? Was the something that could have told me not to do it? Only thing I see is the 1.3100 Round Support number....anything I missed.....still learning this as a complement to my plan. Lost 1.5% in total, so nothing major.

Regards
That was exit on your opening. Always look for S and R, S become R, and R become S, it always works.
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  • #31,715
  • Mar 8, 2012 12:31am Mar 8, 2012 12:31am
Sonic can i ask you, if that is not a secret, what average amount of pips do you make per months ?
  • #31,716
  • Mar 8, 2012 12:55am Mar 8, 2012 12:55am
Quoting sonicdeejay
Some1 pls post m15 EU..
I see big vol comin in..no advicable to short..

Sonic
Thanks Sonic you saved my butt in this trade ... so I'm still long on EU

How did you know big volume was coming . I know that support was hit , but I am having trouble interpreting volume . I have been reading up on volume(A/D,OBV,VSA etc.) but I still don't get it ?? any light on this matter would help me alot . Thanks

Thanks TAH as well for your insight on yesterdays market . We had the same view but you were sweating less on the EU trade ...cause you have more experience than me etc ... I was lucky. SO I NEED to learn from this .....
  • #31,717
  • Mar 8, 2012 1:05am Mar 8, 2012 1:05am
If a long setup on the E/U is not coming up then I don't know what is
  • #31,718
  • Mar 8, 2012 1:15am Mar 8, 2012 1:15am
I bought all of it E/U, G/U, E/J, A/U
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  • #31,719
  • Mar 8, 2012 1:24am Mar 8, 2012 1:24am
Make your pips now, summer is coming. June is still ok, but July and August better stay on the beach
  • #31,720
  • Edited 4:01am Mar 8, 2012 3:07am | Edited 4:01am
Quoting traderathome
Hi Hansma,

Hans, it is good you have a sense of humor (otherwise the market would drive us crazy), but I'm not understanding the point of your posted pic. I think you are depicting a non-SonicR trade with entry picked in the area of the lows today. And, you are illustrating some indicator that measures the breadth of the high to low swing, adding commented levels.

And......?

I mean, this is not Sonic R. It is a way to trade. And if you have a neat indicator you'd like to share, then please post the .mq4 file with comments on how to use it...
Hansma, I wonder about you. You responded to this post stating you'd present what you are doing at the open of the London market today. Well, the market has been open over an hour now, and you've not shown up. Also, I look back now and see that you even deleted the post in which you made this commitment!

My concern remains that you should either post Sonic R. System trades, or explain the nature of the trading you do post pics. of. If it is a good system, then perhaps some that might be struggling here would like to try it. You said you'd explain it, and if something came up, I can understand that. But then, why has your post commiting to explaining it suddenly gone missing?

Are you okey, Hansma? If it is going to be a problem for you, you don't have to do it. I just though some here would be puzzled by your posts. They are not Sonic R. And without further explanation they are not going to benefit anyone.

Regards,
-tah
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