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Sonic R. System

  • #36,161
  • Jun 19, 2012 9:50pm Jun 19, 2012 9:50pm
Quoting traderathome
I respectfully submit that Monday and Tuesday nothing but PA and the Dragon were necessary to participate in very good Sonic R. System trades. The Sonic R. System is elegantly simple. And it is effective. The more folks add to it, and tamper with it in an attempt to find more trades or squeeze out more profits, the more they will screw it up for themselves.
No prob. TAH, This argument never ends. I alreday started exploring pages. I will follow your advice and regularly follow your posts.
  • #36,162
  • Edited Jun 20, 2012 1:37am Jun 19, 2012 10:58pm | Edited Jun 20, 2012 1:37am
Quoting Zimarz
Attachment

After LO?
Too early to consider that option.

PA is sitting at SWAP area ( R become S) now.

Unless it clear 1.26500 below, Short would be validate. (1.27000 i might be looking for LONG.)

Give it time to develop and show its hand at LO, or a bit after LO.


PAT
I come from the future.
Karen X Mas Bonus 2025 All Time Profit: $15,104
  • #36,163
  • Jun 20, 2012 12:11am Jun 20, 2012 12:11am
Quoting Pat Chiko
Too early to consider that option.

PA is sitting at SWAP area ( R become S) now.

Unless it clear 1.26500 below, Short would be validate. (1.27000 i might be looking for LONG.)

Give it time to develop and show its hand at LO, or a bit after LO.


PAT
(sabo ler, jgn nak glabah jer)

Thats right PAT, has to wait

appreciate yr comments, tks
  • #36,164
  • Jun 20, 2012 1:27am Jun 20, 2012 1:27am
There is PIN bar ( Inverted Hammer) on 240M TF, ( or in 60M TF it's Railway track) which is now in question.

Can PA goes up to 1.270XXX, reverse No 1 ?, or hit the 240TL then reverse No. 2 after LO, or reach to Yesterday High then reverse.

All this level need to be watch with care and TL need to redrawn again after PA strat to move.

Anything possible, I don't speculate , but will react with PA accordingly.

Watch level, TL and PA, you'll be safe.


PAT
Attached Image (click to enlarge)
Click to Enlarge Name: eu 60mins.gif Size: 68 KB
I come from the future.
Karen X Mas Bonus 2025 All Time Profit: $15,104
  • #36,165
  • Jun 20, 2012 2:03am Jun 20, 2012 2:03am
Eu short enter.
Attached Image (click to enlarge)
Click to Enlarge Name: eu.gif Size: 27 KB
Money Management and Patience is the Key
  • #36,166
  • Jun 20, 2012 2:27am Jun 20, 2012 2:27am
Quoting scuderia
Eu short enter.

Hi scuderia,

may i know where you put SL ? and TP ?

Thank You

PAT
I come from the future.
Karen X Mas Bonus 2025 All Time Profit: $15,104
  • #36,167
  • Jun 20, 2012 2:35am Jun 20, 2012 2:35am
Dear guys,

I saw some red dot circle in my chart, please explain to me about that and what we should action when it appear.

Thank you
Attached Image
  • #36,168
  • Jun 20, 2012 2:36am Jun 20, 2012 2:36am
Quoting Pat Chiko
Hi scuderia,

may i know where you put SL ? and TP ?

Thank You

PAT
the red line is the SL and the green line is the TP. But i already move SL into BEP+1
Money Management and Patience is the Key
  • #36,169
  • Edited 3:18am Jun 20, 2012 2:56am | Edited 3:18am
Quoting r0ckvn
Dear guys,

I saw some red dot circle in my chart, please explain to me about that and what we should action when it appear.

Thank you
That is the mark where the price try to break the bottom of 15M Channel. Especially if the channel angle changes the mark will appear. Now the price inside top of the 15M channel. 15M channel is sloping down. There is some chance of price to break SLD and move down.
  • #36,170
  • Jun 20, 2012 3:47am Jun 20, 2012 3:47am
HTF look PA want to go high. LTF Short after LO was fakey.

Entry based on PA and TL. ( Rebound fromSupport on 18/Jun/ gap

TP half position @ 1.270000 (banked)

Balance SL +12 pips. TP 1.2750XXX


Have to run for lunch.

PAT.
Attached Image (click to enlarge)
Click to Enlarge Name: eu 60mins.gif Size: 51 KB
I come from the future.
Karen X Mas Bonus 2025 All Time Profit: $15,104
  • #36,171
  • Jun 20, 2012 4:25am Jun 20, 2012 4:25am
Quoting Pat Chiko
HTF look PA want to go high.
PAT.
Price may come down. H4 slopes down. SonicR Line Dragon Below 34SMA Close.
Attached Image (click to enlarge)
Click to Enlarge Name: SL.jpg Size: 93 KB
  • #36,172
  • Jun 20, 2012 4:34am Jun 20, 2012 4:34am
it seems that my EU hit my bep
Money Management and Patience is the Key
  • #36,173
  • Jun 20, 2012 4:38am Jun 20, 2012 4:38am
Quoting GuruKrish
Price may come down. H4 slopes down. SonicR Line Dragon Below 34SMA Close.
Hi GuruKrish,

thanks for informing that.

now closed all position, and waiting the 60M candle to closed. Developing into PIN bar ( I think ) But let it close first. If this comlete , possibly there is HS forming in 60M TF.

I'm not confortable with 240M TF PIN bar formed yesterday. That's way, i'm trying to find signal PA to trigger me for short later.

But I prefer to Short EJ first, then go for EU.

I'm still trying to learn Sonic system to be incorperated into my Trading Style ie. PAT ( Price Action Trading).

Have a good day and thank you.

PAT
I come from the future.
Karen X Mas Bonus 2025 All Time Profit: $15,104
  • #36,174
  • Jun 20, 2012 5:02am Jun 20, 2012 5:02am
Quoting Pat Chiko
Hi GuruKrish,

thanks for informing that.

now closed all position, and waiting the 60M candle to closed. Developing into PIN bar ( I think ) But let it close first. If this comlete , possibly there is HS forming in 60M TF.

I'm not confortable with 240M TF PIN bar formed yesterday. That's way, i'm trying to find signal PA to trigger me for short later.

But I prefer to Short EJ first, then go for EU.

I'm still trying to learn Sonic system to be incorperated into my Trading Style ie. PAT ( Price Action Trading).

Have a good day and thank...

Hi,

I love PAT... the price action trading part i.e.

EU looks like pause in reaction to the RN 1.2700. It can go either way.
The H4 PB yesterday is bothersome, but price didn't move down strong after that PB....so I see buyers still have much control. We shall see how NYO will bring.

EJ - yesterday D was an IB, so if today trade inside yesterday H-L, then we have a DIB for tomorrow breakout.

Some good opportunities ahead.

regards,
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #36,175
  • Jun 20, 2012 5:38am Jun 20, 2012 5:38am
Quoting emmanuel7788
Hi,

I love PAT... the price action trading part i.e.

EU looks like pause in reaction to the RN 1.2700. It can go either way.
The H4 PB yesterday is bothersome, but price didn't move down strong after that PB....so I see buyers still have much control. We shall see how NYO will bring.

EJ - yesterday D was an IB, so if today trade inside yesterday H-L, then we have a DIB for tomorrow breakout.

Some good opportunities ahead.

regards,


Hi Emmanuel,

very nice looking thro your eyes. Wat TF you use for setting the trade ? I use 4Hr and entry 15min.

Your PAT is very strong and should learn from you, & your trading skill.

I ditch the EURUSD @ 1.27000. Pin Bar yesterday didn't take effect as there was GBP news. Therefore seller just refuse to let go yet. May be we see pattern developing now.

I'm looking for a ride down south for EJ & EU because H4 shows a lot of rejection at current PA, but tight SL, just above the PIN Bar for EJ & EU. TP : 1st half 99/80XXX , 2nd half let it run to 99.00 ( lol, i hope it reach there after NYO)

Looking at AU, it's going to follow suit because has been up for 13 days & PA now is where the April's Low.

The real move will be NYO, now everyone is clearing their books and setting up for NYO.

see you in Singapore, sometimes. !

Cheers

PAT
Attached Image (click to enlarge)
Click to Enlarge Name: ej 60mins.gif Size: 45 KB
I come from the future.
Karen X Mas Bonus 2025 All Time Profit: $15,104
  • #36,176
  • Jun 20, 2012 5:43am Jun 20, 2012 5:43am
EU, GU and Market Comment:

Sonicers, with FED releases late in the day today, we should expect nothing but "posturing" by the market. Bonafide good runs beforehand are unlikely under the circumstances. And if some price spiking occurs (see GU), it might only be to suck in traders in the direction of the spike, so that later there can be an opposite spike to hit their stops,....all before the true run later in the direction of the spike. Yes, speculative.

As mentioned already by Pat and others looking at EU, there is a pin bar on H4, a harbinger of a possible move down which has not yet come. In fact, after LO the price moved up around 17 pips above previous HOD, where there was some consolidation for about an hour followed by the price returning to previous levels. The fact of the move up with consolidation, together with the fact of the grand move up yesterday (in advance of these FED releases) smacks of the market hiking prices well beforehand so as to have time to close longs and reopen shorts. Yes, speculative.

So, with all this speculation, and with the upcoming advent of the FED BS releases, we might be best off keeping our powder dry. This is going to be a very long day due to the timing of the FED. And unless stuff is "leaked" the real move(s) most likely are coming afterwards, which could even mean into tomorrow.

-tah
  • #36,177
  • Jun 20, 2012 5:56am Jun 20, 2012 5:56am
Quoting traderathome
EU, GU and Market Comment:

Sonicers, with FED releases late in the day today, we should expect nothing but "posturing" by the market. Bonafide good runs beforehand are unlikely under the circumstances. And if some price spiking occurs (see GU), it might only be to suck in traders in the direction of the spike, so that later there can be an opposite spike to hit their stops,....all before the true run later in the direction of the spike. Yes, speculative.

As mentioned already by Pat and others looking at EU, there is a pin bar on H4,...

Well Said Traderathome,

(and you're )

Full of precautionary statement for Sonicers to be aware what's cooking for NYO.

So you hear the Boss said, keep your ammo dry and ready for showdown ( today or tommorow ?)

I feel at home and thank you for all positive interactive posting in this thread and hope everyone else do the same to chip in their contribution for knowledge for all Sonicers.


Thanks again Traderathome. I will try to post my thought & ideas for other & myself to learn.


Sincerely.

PAT Chiko
I come from the future.
Karen X Mas Bonus 2025 All Time Profit: $15,104
  • #36,178
  • Jun 20, 2012 6:25am Jun 20, 2012 6:25am
Quoting traderathome
EU, GU and Market Comment:

Sonicers, with FED releases late in the day today, we should expect nothing but "posturing" by the market. Bonafide good runs beforehand are unlikely under the circumstances. And if some price spiking occurs (see GU)
-tah
If there is an automated EA as per the sonic rule 42 pips profit (TP at H1 channel Low) in GU spike.
  • #36,179
  • Jun 20, 2012 7:08am Jun 20, 2012 7:08am
If anyone has eyesight issues or perhaps needs assistance in recognizing pullbacks into the Dragon, Raghee Horner has these indicators that add color to the candles based on whether they close above, below, or within the Dragon. It doesn't change the Sonic R system at all, just offers a different view that may be helpful for some people.

Note: You'll want to change the silver color parameters to "None" to avoid overlapping the Dragon.
Attached Image (click to enlarge)
Click to Enlarge Name: eurusd-m15.jpg Size: 104 KB
Attached File(s)
File Type: mq4 GRaB Candles Long.mq4   4 KB | 475 downloads
File Type: mq4 GRaB Candles Range.mq4   4 KB | 494 downloads
File Type: mq4 GRaB Candles Short.mq4   4 KB | 466 downloads
  • #36,180
  • Jun 20, 2012 7:47am Jun 20, 2012 7:47am
TAH... Do you think they are driving the price up for a big dump off the FED today? (EDIT: sorry somehow skipped over your post.)
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