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Sonic R. System

  • #36,321
  • Jun 25, 2012 2:10am Jun 25, 2012 2:10am
Quoting emmanuel7788
Hi,
My attempt with CADJPY.
There is toppisch rejection of last Fridaty high.
Nice LH,LL H4 candle. Entry at 38% pullack of the H4 candle. Dragon show good setup.
Good Trading to ALL!
Thank you emmanuel, Your advice works for EU. Profit Booked at 127.2%.
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  • #36,322
  • Jun 25, 2012 2:24am Jun 25, 2012 2:24am
Quoting GuruKrish
Thank you emmanuel, Your advice works for EU. Profit Booked at 127.2%.

well done! K Guru

you did the work. what we need to see basic PA stuff like S&R, consolidation, correction, momentum, ... there must be liquidity in the market .

but there was an earlier H4 IB which you missed. that could have been a bigger profitable trade.

Good Trading!
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #36,323
  • Jun 25, 2012 2:30am Jun 25, 2012 2:30am
Quoting emmanuel7788
well done! K Guru

you did the work. what we need to see basic PA stuff like S&R, consolidation, correction, momentum, ... there must be liquidity in the market .

but there was an earlier H4 IB which you missed. that could have been a bigger profitable trade.

Good Trading!
I could try that palce but riskey. But see i took short after price touches and return from SSD and there is some volume activity it is not there before.
  • #36,324
  • Jun 25, 2012 3:22am Jun 25, 2012 3:22am
Quoting traderathome
CJ: Entered short.
CadJpy: Added at EP2, added TP2, and lowered SL.
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  • #36,325
  • Jun 25, 2012 4:18am Jun 25, 2012 4:18am
Quoting traderathome
CadJpy: Added at EP2, added TP2, and lowered SL.
CadJpy: TP1 reached and Trade1 closed for 52 pips EP1 to TP1. SL on Trade2 lowered.
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  • #36,326
  • Jun 25, 2012 4:35am Jun 25, 2012 4:35am
Quoting emmanuel7788
Hi,

My attempt with CADJPY.
There is toppisch rejection of last Fridaty high.
Nice LH,LL H4 candle. Entry at 38% pullack of the H4 candle. Dragon show good setup.

Good Trading to ALL!

Trade closed. +2R trade.
Attached Image (click to enlarge)
Click to Enlarge Name: CADJPY 25 Jun sonicR 25-6-2012 5-32-23 PM.png Size: 37 KB
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #36,327
  • Edited 5:48am Jun 25, 2012 5:13am | Edited 5:48am
Quoting traderathome
CadJpy: TP1 reached and Trade1 closed for 52 pips EP1 to TP1. SL on Trade2 lowered.
CadJpy: TP2 reached and Trade2 closed for 38 pips EP2 to TP2. I had lowered SL2 again to assure 21 pips instead of just 10 on Trade2, however price continued on down.

This was a profitable trade; a total gain of 90 pips EPs to TPs on a pair that has a range of only 92 pips!. From start to finish it is confirmation that to trade the Sonic R. System you really only need:
1. A decent PA wave.
2. Let the Dragon and PA show the way.
3. Know support & resistance.
4. Exercise good money management.

Sonicers, no fancy stuff was needed here. I looked at D1 and H4 in a cursory way before I first posted on this earlier. Aside from that, I looked at M30 to confirm TP2 was in a S&R area, and I kept it within the RDL mark. That was all, no pivots, no fibos,....nada! With a proper setup the Sonic R. System is elegantly simple. And this proves it. You can go back thru the links to see this trade, start to finish, starting with the "heads up" first posted. Sonicers, you don't need to complicate Sonic R. trading with a bunch of other "stuff".

-tah
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  • #36,328
  • Jun 25, 2012 5:23am Jun 25, 2012 5:23am
Quoting GuruKrish
Ok it is up to you. And I am posting my entry EU SL 1.25865.
Before the LO?

Waves?

SL line drawn?

TP line drawn?

(They can be mental lines to you, but it would be nice for the rest of us to see what you have in mind for the trade.

Thanks!
  • #36,329
  • Jun 25, 2012 5:58am Jun 25, 2012 5:58am
GU: This is showing a very tight consolidation area, now in the first part of the London session. It might be noteworthy that the price was first dropped into the consolildation area from above. It might be a clue that the consolidation is preparations for a move higher. Nobody knows until the break comes, up or down. Due to the tight range PA is being confined to, however, the next run could be a good one. So this might be one to keep an eye on.
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  • #36,330
  • Jun 25, 2012 6:49am Jun 25, 2012 6:49am
Quoting traderathome
GU: This is showing a very tight consolidation area, now in the first part of the London session. It might be noteworthy that the price was first dropped into the consolildation area from above. It might be a clue that the consolidation is preparations for a move higher. Nobody knows until the break comes, up or down. Due to the tight range PA is being confined to, however, the next run could be a good one. So this might be one to keep an eye on.
why a move higher when LL and LH are forming?
  • #36,331
  • Jun 25, 2012 6:54am Jun 25, 2012 6:54am
Quoting ArtfulDodger
Before the LO?
Waves?
SL line drawn?
TP line drawn?
(They can be mental lines to you, but it would be nice for the rest of us to see what you have in mind for the trade.
Thanks!
Check my early posts. You can't expect everything on single post. Check my post i mentioned SL in my post (SL 1.25865). (TP you have to learn.). In my next post you have to tell SL and TP.
  • #36,332
  • Jun 25, 2012 7:09am Jun 25, 2012 7:09am
at fibo levels .... more often than not , you see where the herds react....

waiting to BUY...
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Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #36,333
  • Jun 25, 2012 7:41am Jun 25, 2012 7:41am
Ive taken a short on the AudU. I like the angle of the dragon. My SL is a few pips above the reversal bar in the blue circle.
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  • #36,334
  • Jun 25, 2012 7:55am Jun 25, 2012 7:55am
Quoting Buffet
Ive taken a short on the AudU. I like the angle of the dragon. My SL is a few pips above the reversal bar in the blue circle.
Short after 150 pips down?? Not my idea of a perfect short, thats missed for me. Furhermore a gap to be closed and been on bullish trend since yesterdy.
  • #36,335
  • Jun 25, 2012 8:10am Jun 25, 2012 8:10am
Quoting grechmar
Short after 150 pips down?? Not my idea of a perfect short, thats missed for me. Furhermore a gap to be closed and been on bullish trend since yesterdy.
Thanx for the advice, i'll look to tighten my TP. When you talk about 150pips down, are you talking about Thursdays move?

Not an expert.... Yet.
  • #36,336
  • Jun 25, 2012 9:19am Jun 25, 2012 9:19am
lovely..

Sonic
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  • #36,337
  • Jun 25, 2012 9:26am Jun 25, 2012 9:26am
Quoting Buffet
Thanx for the advice, i'll look to tighten my TP. When you talk about 150pips down, are you talking about Thursdays move?

Not an expert.... Yet.
Talking about today however u should be some 20 pips profit by now, u can just move ur SL to BE now.(AJ way oversold)
  • #36,338
  • Jun 25, 2012 9:39am Jun 25, 2012 9:39am
Quoting Buffet
Ive taken a short on the AudU. I like the angle of the dragon. My SL is a few pips above the reversal bar in the blue circle.
I took 30 pips profit. The momentum looked too weak to break MS3.
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  • #36,339
  • Jun 25, 2012 9:59am Jun 25, 2012 9:59am
Is it going to be after LC?

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  • #36,340
  • Jun 25, 2012 10:01am Jun 25, 2012 10:01am
Quoting Zimarz
Is it going to be after LC?

Attachment
Possible.. I see similar in EU as well..
Let dragon n wave show and it will be considered as CT..

Sonic
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