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Sonic R. System

  • #36,501
  • Jun 27, 2012 1:50pm Jun 27, 2012 1:50pm
Quoting berich
Great achievement for today, am a newbie to this thread please I would like to know how to start up with this trading system where can I find the setup to install on my trading chart.

Thanks for your help.
Page 1 is always a good place to start. C'mon buddy... Pro-activity...
  • #36,502
  • Jun 27, 2012 2:13pm Jun 27, 2012 2:13pm
Quoting GuruKrish
What if the market reverse will you take short on downside? If so how do you compansate the loss of your long?
i want to think every body in soinc
  • #36,503
  • Jun 27, 2012 3:52pm Jun 27, 2012 3:52pm
Quoting emmanuel7788
yes, I see potential for a move down.
today open below yesterday high, look like retracement back into yesterday range.
with a H4 IB and follow with H4 showing LH LL, that looks good enough for me to go short. The next H4 LH LL will be my confirmation.

Good Trading to ALL!
Hi,

This trade closed.
See details in the attached chart.
If you have questions, I will be happy to anwser them.


Trade Well today. There is a very good potential for a breakout trade. Which pair?

Regards,
Attached Image (click to enlarge)
Click to Enlarge Name: GBPUSD 27 Jun trade closed 28-6-2012 6-44-35 AM.png Size: 35 KB
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #36,504
  • Jun 27, 2012 3:55pm Jun 27, 2012 3:55pm
Quoting emmanuel7788
Hi,
Trading yesterday' Day Inside Bar breakout.
PA show HH HL , nice ABC wave .
Buy order triggered.

Hi,

This trade still in progress. Slow moving JPY pairs.

regards,
Attached Image (click to enlarge)
Click to Enlarge Name: AUDJPY 27 Jun trade update 28-6-2012 6-47-52 AM.png Size: 40 KB
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #36,505
  • Jun 27, 2012 4:31pm Jun 27, 2012 4:31pm
Quoting GuruKrish
What if the market reverse will you take short on downside? If so how do you compansate the loss of your long?
Hi GurKrish,

That is a question on trade management.
Every trade is taken based on a particular setup condition. Once we are in a trade, we look for condition which will invalidate our trade. If the invalidation occur, we as traders must take action according to our trade management plan. Often that means we cut loss, sometims we cut loss early than before our intended initial SL when there is a trade invalidation signal.
One of the success in trading is to manage trades using the R - multiple. R being the initial risk or the SL. The position sizing is based on this R.
The success of a trader trading a particular system can be measure in terms of the average R of all his trades. The total number of pips do not matter to me.

Q: Whether I would take the reverse trade?
Yes if there is a reversal setup but then again I must have a trade plan for that.
For every trade, I have a plan A and a Plan B. This will help me get in and stay in the market.

Q: 'compensate for loss'?
every trade is unique in a sense, so I do not look for 'revenge' trade to make up for a loss. First, I must try and manage out of every a losing position before I accept that cut loss decision. Then, that's where plan B come into consideration.

Hope this explains.

Have a Good Trading day today, there will be breakouts. Look for price contraction using Inside Bar on H4 and D. I see a very good one today.

BTW, your videos sure help raised my heart rate.... good music for workout, fast .. pulsating. Like that.

Regards,
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #36,506
  • Jun 27, 2012 4:49pm Jun 27, 2012 4:49pm
Hi,

This EU LO trade taken yesterday. Now holding at BE position. See what turn out today. Have my Plan B ready when market makes it move today.
Today will be that chance of the month to close this month' trading business with a small bang*&**.... also half-year mark.

Good Trading SonicR traders!
Attached Image (click to enlarge)
Click to Enlarge Name: EURUSD 27 Jun LO trade 28-6-2012 7-42-17 AM.png Size: 51 KB
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #36,507
  • Jun 27, 2012 7:19pm Jun 27, 2012 7:19pm
Quoting scuderia
Since it not breaking the SR(support Resistance) in both H1 and H4 therefore i enter long on GU. Not recommended to follow though.
trademanually close for +20 pips. morning guys
Money Management and Patience is the Key
  • #36,508
  • Edited 9:46pm Jun 27, 2012 7:30pm | Edited 9:46pm
Market Comment:

This trading day is the day of the awaited "EU Economic Summit". Likely thru the week up to now, some PA has been nothing but posturing, meaning BBs getting rid of what they think will be losing positions and taking on what they think will be winning positions.

EU might be an example of this. If you look at M15 over recent days you will see high trading each time the price was driven down substantially. Yesterday, with the USD release, price moved down. Was it due to the content of the USD release, or was the move down just another manipulation of price by the BBs to get low prices to continue to build long positions? And, what of the current early asian session move of the price back up? Are these traders ignorant of yesterday's USD release content, supposedly the "reason" for the price diving? Or, are they "on-board" with the overall manipulation of price to lows this week (leading up to the summit) to build low priced long positions? The move up seems more in concert with the latter than the former, since time has run out for the asian session traders to take advantage of low prices before the "Summit" officially starts.

But, this is just speculation. So we await further PA to see just what the market has been up to this week.
Attached Image (click to enlarge)
Click to Enlarge Name: jun 2012 - 156.gif Size: 36 KB
  • #36,509
  • Jun 27, 2012 7:41pm Jun 27, 2012 7:41pm
i do think that EU and GU gonna up for this upcoming times. I do still take a look at long positions for both pair. However, i gotta secure the trade each day. It will go up sometimes but when it is? we do not know it but we have to figure it out. In the Daily chart for EU . we can see that it is reach bottom and did not break that SR(support Resistance) i think today it will go up. but still we need to op when the price is good. When the price is breaking 1.25xx then i start to look for a good setup for long.
Attached Image (click to enlarge)
Click to Enlarge Name: eu.gif Size: 20 KB
Money Management and Patience is the Key
  • #36,510
  • Jun 27, 2012 8:23pm Jun 27, 2012 8:23pm
GU: Entered long. Usually one could expect a FO/LO pullback. But with the EU Economic Summit I don't know, maybe not. So I decided to risk this entry before the LS.
Attached Image (click to enlarge)
Click to Enlarge Name: jun 2012 - 157.gif Size: 37 KB
  • #36,511
  • Jun 27, 2012 8:48pm Jun 27, 2012 8:48pm
wow TAH you better look at EU. I think it is a good time to look for a good price to long It break up. what do you think?
Money Management and Patience is the Key
  • #36,512
  • Jun 27, 2012 8:53pm Jun 27, 2012 8:53pm
Quoting scuderia
wow TAH you better look at EU. I think it is a good time to look for a good price to long It break up. what do you think?
WOW alright..
first we get H4 Double Inside Bar breakout
and now
Day Inside Bar breakout...

WoW WoW..
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #36,513
  • Jun 27, 2012 8:55pm Jun 27, 2012 8:55pm
WOW
I'm late for a party =.=
Anyone in that? @@
  • #36,514
  • Jun 27, 2012 8:55pm Jun 27, 2012 8:55pm
Quoting scuderia
wow TAH you better look at EU. I think it is a good time to look for a good price to long It break up. what do you think?
It is the kind of PA I was hinting might be coming in my Market Comment above. I already have a long trade running on this. Now, maybe, finally, it will run good.
  • #36,515
  • Jun 27, 2012 8:56pm Jun 27, 2012 8:56pm
Quoting jasakreatif
we need big vol to blow up.
now.. whos short ?
http://2.bp.blogspot.com/-CUa57elTi_...h+Dakota+2.jpg
Attached Image (click to enlarge)
Click to Enlarge Name: eur2222.gif Size: 31 KB
  • #36,516
  • Jun 27, 2012 8:57pm Jun 27, 2012 8:57pm
Quoting emmanuel7788
WOW alright..
first we get H4 Double Inside Bar breakout
and now
Day Inside Bar breakout...

WoW WoW..
my bad. it is not break yet bro. a little bit more then it break. sorry. but it worth to be consider though.
Money Management and Patience is the Key
  • #36,517
  • Jun 27, 2012 8:58pm Jun 27, 2012 8:58pm
It is easy to see when market goes through price contraction ...
then breakout is imminent.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #36,518
  • Jun 27, 2012 9:01pm Jun 27, 2012 9:01pm
Quoting scuderia
my bad. it is not break yet bro. a little bit more then it break. sorry. but it worth to be consider though.
well it hit yesterday' high ... right? so we must see whether there is momentum.
it is BRN 1.2500
many traders will build up positions for up to 1.300 ...
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #36,519
  • Jun 27, 2012 9:17pm Jun 27, 2012 9:17pm
EU:

Here is an FE study that puts a perspective on current PA.
Attached Image (click to enlarge)
Click to Enlarge Name: jun 2012 - 158.gif Size: 49 KB
  • #36,520
  • Jun 27, 2012 9:21pm Jun 27, 2012 9:21pm
Quoting emmanuel7788
Hi,

This EU LO trade taken yesterday. Now holding at BE position. See what turn out today. Have my Plan B ready when market makes it move today.
Today will be that chance of the month to close this month' trading business with a small bang*&**.... also half-year mark.

Good Trading SonicR traders!
brother.. your hilow indy was good, but be sensible with pa, pa change move every minutes.
just my one cents
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