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Sonic R. System

  • #33,701
  • Apr 18, 2012 4:01am Apr 18, 2012 4:01am
GU:

Entered short (EP=1.5988). The BBs drove this up with the GBP high impact release, while others are falling against the USD. Makes me think the drive up was overdone and probably more shorting at the top, which may have been the idea behind the drive in the first place. This is a Scout trade, and higher risk than SonicR.
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  • #33,702
  • Apr 18, 2012 4:15am Apr 18, 2012 4:15am
Quoting traderathome
GU:

Entered short (EP=1.5988). The BBs drove this up with the GBP high impact release, while others are falling against the USD. Makes me think the drive up was overdone and probably more shorting at the top, which may have been the idea behind the drive in the first place. This is a Scout trade, and higher risk than SonicR.

Not following any rules..

Even if it becomes a winner...

Sonic
  • #33,703
  • Apr 18, 2012 4:36am Apr 18, 2012 4:36am
Quoting traderathome
GU:

Entered short (EP=1.5988). The BBs drove this up with the GBP high impact release, while others are falling against the USD. Makes me think the drive up was overdone and probably more shorting at the top, which may have been the idea behind the drive in the first place. This is a Scout trade, and higher risk than SonicR.
i think this guy owner the bank of england and i really sure he has G Soros phone number

ps: he know before news release
  • #33,704
  • Apr 18, 2012 5:31am Apr 18, 2012 5:31am
Quoting traderathome
UChf:

Entered long (EP= 0.9162). I know this is before the London session. The early asian session made some lows and traded heavily. And now the price again is being traded heavily, causing some rise. Either it will break up soon, or it will possibly be pulled down again in the early London session. Either way, so far as a SonicR EP, I think this level will turn out appropriate should it start up soon, or later.
moving average just following the price, but you predict the trend,
i impressed.

sorry my english
  • #33,705
  • Apr 18, 2012 5:54am Apr 18, 2012 5:54am
Hi, I have been following this thread for 2 weeks, I am trading demo with this system. Now here is my chart. My SL got hit on GU, any comment on this?
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  • #33,706
  • Apr 18, 2012 5:58am Apr 18, 2012 5:58am
Quoting traderathome
GU:

Entered short (EP=1.5988). The BBs drove this up with the GBP high impact release, while others are falling against the USD. Makes me think the drive up was overdone and probably more shorting at the top, which may have been the idea behind the drive in the first place. This is a Scout trade, and higher risk than SonicR.
Aggressive
  • #33,707
  • Apr 18, 2012 6:09am Apr 18, 2012 6:09am
Quoting hansma
Short Au 1.0387

Regards,
H.
Good call Tah and hansma
  • #33,708
  • Edited 9:48am Apr 18, 2012 6:17am | Edited 9:48am
Currently short AU also @ 1.03896. TP 3278. SL is currently at BE. Just gonna ride it out.
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  • #33,709
  • Apr 18, 2012 6:23am Apr 18, 2012 6:23am
Quoting Immvp
Hi, I have been following this thread for 2 weeks, I am trading demo with this system. Now here is my chart. My SL got hit on GU, any comment on this?
The turning point of that move upwards was the amount of buy orders at the 61% fib (if your that way inclined) taken from the swing low to swing high, also the whole number 5900. This was before any news was released also. Thats how I've understood it.
  • #33,710
  • Apr 18, 2012 6:29am Apr 18, 2012 6:29am
Quoting GDR3k
The turning point of that move upwards was the amount of buy orders at the 61% fib (if your that way inclined) taken from the swing low to swing high, also the whole number 5900. This was before any news was released also. Thats how I've understood it.
Do you mean that it is better not to trade before the important news even there is a nice setup?
  • #33,711
  • Apr 18, 2012 6:53am Apr 18, 2012 6:53am
Quoting Immvp
Do you mean that it is better not to trade before the important news even there is a nice setup?
There is no right or wrong answer to that, myself personally, I wouldn't open a trade within 10 minutes or so before a major news release, If I had a trade already open I'd make sure my SL was at BE should there be any sudden moves that you're not expecting.
  • #33,712
  • Apr 18, 2012 7:05am Apr 18, 2012 7:05am
think this look like SonikeR good setup
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  • #33,713
  • Apr 18, 2012 7:15am Apr 18, 2012 7:15am
I am confused dont now what to do close my Eu short o not ...
  • #33,714
  • Apr 18, 2012 7:39am Apr 18, 2012 7:39am
Quoting expresid
I am confused dont now what to do close my Eu short o not ...
I am still holding my short EU at 1.3095(EP) I believe it has a perfect setup for Sonic System. Need to have faith on the system buddy
  • #33,715
  • Apr 18, 2012 7:41am Apr 18, 2012 7:41am
GU:

Well, the Master gave me hell for the trade. Guess "Scouts" are no longer welcomed here. Ok. Anyway, here is a picture that might help to make some sense of the move earlier at the GBP release. Personally, I still have the opinion that the move up was more "preposturing" for a later USD strength move (today, later this week, ?) rather than due to the market actually believing the GBP deserved such all on its own,....pure speculation, though.

As for the Scout trade, there was a sudden, and quite remarkable drive up on very exceptional activity, too. So, I believe the Scout was a good call. It hasn't moved from the area yet, up or down by very much, so whether it was a good call or not still is undetermined.

Master Sonicdeejay sets the tone here, so I am going to quash further inclinations to enter Scout trades.

-tah
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  • #33,716
  • Apr 18, 2012 7:44am Apr 18, 2012 7:44am
Quoting traderathome
GU:

Well, the Master gave me hell for the trade. Guess "Scouts" are no longer welcomed here. Ok. Anyway, here is a picture that might help to make some sense of the move earlier at the GBP release. Personally, I still have the opinion that the move up was more "preposturing" for a later USD strength move (today, later this week, ?) rather than due to the market actually believing the GBP deserved such all on its own,....pure speculation, though.

As for the Scout trade, there was a sudden, and quite remarkable drive up on very exceptional...
If I may ask, what is a Scout trade
  • #33,717
  • Apr 18, 2012 7:46am Apr 18, 2012 7:46am
Quoting Immvp
If I may ask, what is a Scout trade
No, under the circumstances, you'd best not ask or ever know. Stick with the classic Sonic R. System.

-tah
  • #33,718
  • Apr 18, 2012 7:47am Apr 18, 2012 7:47am
I have put my Long SL @ 1.306x area.. to protect profit..



Sonic
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  • #33,719
  • Apr 18, 2012 7:51am Apr 18, 2012 7:51am
Quoting traderathome
UChf:

Entered long (EP= 0.9162). I know this is before the London session. The early asian session made some lows and traded heavily. And now the price again is being traded heavily, causing some rise. Either it will break up soon, or it will possibly be pulled down again in the early London session. Either way, so far as a SonicR EP, I think this level will turn out appropriate should it start up soon, or later.
UChf:

TP reached for 36 pips gain EP= 0.9162 to TP= 0.9198.
Attached Image (click to enlarge)
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  • #33,720
  • Apr 18, 2012 7:54am Apr 18, 2012 7:54am
Quoting Immvp
If I may ask, what is a Scout trade
Hello Immvp,

Google give me this,
define:scout
A soldier or other person sent out ahead of a main force so as to gather information about the enemy's position, strength, or movements.

So a scout trade is an entry which is taken before a real SonicR setup is formed.

It has the risk of a scout, you might get killed.

Thanks,
Arun
What Goes Up Must Come Down, But When?
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