may i know what indicator for your tokyo and date in the top middle of your chart
Its in the chart😎
- #33,143
- Edited 5:27pm Apr 5, 2012 5:08pm | Edited 5:27pm
- Joined Mar 2008 | Status: PVSRA with Traderathome | 23,552 Posts
- #33,144
- Apr 5, 2012 5:12pm Apr 5, 2012 5:12pm
Try also to look at what goes on in the background (the bigger picture) ie look to your left of your
charts for the bigger waves labeled ABC - and not just the one in the blue square today. Missed my tp2 by 3,4 pipsso got out on the pinbar.
Regards,
H.
Can you please share how to add the custom fibs on your chart? with Entry and TP targets. Thanks in advance.
- #33,145
- Edited 5:54pm Apr 5, 2012 5:42pm | Edited 5:54pm
- Joined Mar 2008 | Status: PVSRA with Traderathome | 23,552 Posts
- #33,146
- Apr 5, 2012 5:50pm Apr 5, 2012 5:50pm
- Joined Mar 2008 | Status: PVSRA with Traderathome | 23,552 Posts
- #33,147
- Edited 9:14pm Apr 5, 2012 6:08pm | Edited 9:14pm
- Joined Mar 2008 | Status: PVSRA with Traderathome | 23,552 Posts
tah,
I have attach my second trade with the new Sonic system, the first trade got me 40 pips with the sell eurusd and this second it did reach my TP1 but since I had the TP a little above the TP1 it was not closed
My concern with TP and SL defined for the Sonic system is, I do agree with the SL to be as it is describe, but sometimes we are trying to reach 100 pips TP with the Sonic system in a M15 timeframe, I am not sure if this is the correct approach.... but I still have to do much more trades to reach a conclusion, for now what I have realized...
Regarding your posted chart (below). This is another example of a picture that offers no help to Sonicers. Where exactly did you place the FE study? What exactly are the FE % levels used for what you show as EP, SL and TPs? See what I mean? Are you posting the chart for yourself, or to help others? I already know that it is to help others see what you are doing. I just hope you can see how that ain't happening! All of us need to be sure that our posted charts are exceptionally clear, self-explanatory due to adequate annotations. Otherwise, they are impossible for others to replicate, and worthless to this thread as a manual for students of the Sonic R. System. The chart example I have included below is exactly in accordance with the Sonic R. System, easily understood by students and therefore easy for them to replicate. BTW, see how the mid-level of a previous consolidation area was picked as important SR for the TP.
And another thought. The MT4 FE and FR tools have their use. However, according to the Sonic R. System, entry is found at that place which is at least a few pips beyond the PA wave leg #3 first candle to exit the dragon. In other words, the Sonic R. System uses the Dragon, together with the PA wave, to determine the entry level in the hope of avoiding most headfakes and catching true momentum. Nowhere in the Sonic R. System will you find any reference to anything different for finding the entry! Hansma uses the FE study for entries, often early, but that is not the prescribed Sonic R. System way. So, if you are posting a non-SonicR trade entry, please at least say so. Like me, in time you will start to see that non-SonicR posts cluttering the thread make it more difficult for those trying to learn the Sonic R. System. I can say this, because I am as guilty as anyone for having posted trades that deviated from the Sonic R. System rules and recommendations. Such deviate trades are not SonicR, they don't help others learn the Sonic R. System and they are not endorsed by Master Sonicdeejay. If you want to make such deviate trades, go ahead. Just don't post 'em.
Please, Fellow Sonicers, Let's Keep These Things In Mind,
-tah
- #33,148
- Apr 5, 2012 6:47pm Apr 5, 2012 6:47pm
- Joined Feb 2011 | Status: Trader | 1,825 Posts
SHORT
EURJPY , AUDJPY , GBPJPY
just an experiment waiting for london
EURJPY , AUDJPY , GBPJPY
just an experiment waiting for london
- #33,149
- Apr 5, 2012 8:26pm Apr 5, 2012 8:26pm
Try also to look at what goes on in the background (the bigger picture) ie look to your left of your
charts for the bigger waves labeled ABC - and not just the one in the blue square today. Missed my tp2 by 3,4 pips
Regards,
H.
I see it now.. Since it failed to break C level, you looked for an entry going short (with SonicR setup).
Sucks that it did not hit your TP2 or 3rd.
When i do this, i would look at the 4 hour for some confirm/long trend. If there is any continuation, then ill keep it open (also my broker does not allow me to close half... Which sux to be honest.)
Here is my example for EJ. The highlighted areas are major S&R within the time frame. Since Monday, there were many SonicR set ups, i guess i was not too confident of my outlook to see these trades. Meh learning lesson, thanx Hansma for your picture, had to hunker down why you did that.
Note: EJ 4 hour highlights do not constitute a trade, i would look at 4H chart to see where the major trend is going and look at the 15M to find valid set up. Since it continues with the trend, there is high probability of banking valid long term pips (few days to weeks). EU is hard to do this, but great for 15 min intra-day.
- #33,150
- Edited 9:06pm Apr 5, 2012 8:53pm | Edited 9:06pm
- Joined Mar 2008 | Status: PVSRA with Traderathome | 23,552 Posts
- #33,151
- Apr 5, 2012 10:49pm Apr 5, 2012 10:49pm
- Joined Feb 2011 | Status: Trader | 1,825 Posts
some positive/negative points on today’s NFP release:
- Wednesday´s ADP employment report showed that the private sector created a net of 209K new jobs in March. (Positive)
- ISM Manufacturing and Non-Manufacturing PMI’s Employment Indeces showed above 56 reading, on both PMI’s. (Positive)
- 4 – week Unemployment Claims show that unemployment is around 355K, down from 376K average in March. (Positive)
- Better Consumer Confidence readings and Bloomberg’s Consumer Comfort Index at 4 year highs. (Positive)
As you can clearly see, all usual data are pointing to an above 200K NFP release…
- #33,155
- Apr 5, 2012 11:44pm Apr 5, 2012 11:44pm
- Joined Mar 2008 | Status: PVSRA with Traderathome | 23,552 Posts
