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Sonic R. System

  • #37,401
  • Jul 18, 2012 5:50am Jul 18, 2012 5:50am
In my pattern study in the last two days I found patterns
Take a look at it...

Don't worry is not the real study...
Attached Image (click to enlarge)
Click to Enlarge Name: Study Patterns.jpg Size: 133 KB
fooled by randomness in art
Meditation All Time Return: 8.9%
  • #37,402
  • Jul 18, 2012 5:50am Jul 18, 2012 5:50am
Quoting Conorado
AU Short

Attachment
SL hit -8 pips.
  • #37,403
  • Jul 18, 2012 5:51am Jul 18, 2012 5:51am
Hello ALL,

Just to give you an update on this trade.
Since LO, nothing move yet. price still remain near my entry 1.0295 depiste GU and EU seeing some bearish movements.
I am trading the D TF seeing L H HL HH ....this is clearly a BUY trade.

When I do not use hard SL I still need to have some form of Risk Management when I trade. In this case, I use multi level entries to build up more positions as markt move. My cut loss is a percentage of my equity since I do not use hard SL.

In this money management strategy, I don't have to move my SL when market goes against my trade. My equity protection is in place.

I am hapy to share this MM method with you all so that you can also consider all possible MM strategies available.

As sonic started this thread for his kindness and belief Sharing is Caring.
There should not be any restrictions to Sharing in this thread.
Why would anyone of sound mind want to stop you from sharing what is your experience and knowledge. Let's ignore the loud and aggressive because it is vexation to the spirit of this thread.

I would be more than happy to answer your questions if any.

Good Trading to ALL!
Attached Image (click to enlarge)
Click to Enlarge Name: AUDUSD 18 Jul multi level trading update 18-7-2012 6-26-21 PM.png Size: 92 KB
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #37,404
  • Jul 18, 2012 5:51am Jul 18, 2012 5:51am
Quoting scuderia
Yes GU is moving UP but that maybe just the lower high. better to put tight TP. i did bought GU and SL at bep TP at 1.56189

For EU I am not sure yet when it break 1.22431 then it will go up. when not break that line i'll just wait. It is not sonic therefore i dun post it here.
yap! she maybe just a lower high, but i'm following yesterday pattern..

i'm trailing my trade just to make it saver ^^
  • #37,405
  • Jul 18, 2012 6:04am Jul 18, 2012 6:04am
Quoting alexbs
Long on 2238.. just following yesterday pattern.. SL at 2220..

Reason : GU showing reverse is come, and decreasing volume on EU..

this is not sonic setup, just wanna to share..
SL hited... My bad
  • #37,406
  • Jul 18, 2012 6:05am Jul 18, 2012 6:05am
Quoting GuruKrish
I am just planing to stay away. More news coming.
http://2.bp.blogspot.com/-PnEsgn9IJl...ee+no+evil.jpg

  • #37,407
  • Jul 18, 2012 6:12am Jul 18, 2012 6:12am
Quoting Msis125125
Does anyone see
Hi Msis, thanks for sharing this.

Yes, yes, yes. I see H&S.
I also see that today both EU and GU are trading within yesterday' range High-Low... good opportunity for breakout on either side. Follow the PA closely.

Good Trading!
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #37,408
  • Jul 18, 2012 6:12am Jul 18, 2012 6:12am
I admit it, I'm guilty as charged (of trying to find ways to tweak the system).

But I am going back to the basics. Nothing but pure, unadulterated Sonic R for me from now on. Getting rid of everything but the basic Sonic R template. Eliminating all pairs except for EURUSD, EURAUD, and AUDUSD.

It's not easy having a hard head!

  • #37,409
  • Jul 18, 2012 6:13am Jul 18, 2012 6:13am
Quoting ArtfulDodger
http://2.bp.blogspot.com/-PnEsgn9IJl...ee+no+evil.jpg


Ha ha, very funny.
But you miss out one more pretty lady...the one that show "Touch No Evil".
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #37,410
  • Jul 18, 2012 6:19am Jul 18, 2012 6:19am
Quoting Conorado
SL hit -8 pips.
It's better if you learn from it .

AU is ranging now.
Keep Simple...!
  • #37,411
  • Jul 18, 2012 6:22am Jul 18, 2012 6:22am
Did anyone already short this? this pair doesn't show any sign of reversal.

Attached Image (click to enlarge)
Click to Enlarge Name: EURAUD.png Size: 38 KB
  • #37,412
  • Jul 18, 2012 6:26am Jul 18, 2012 6:26am
Quoting Conorado
Did anyone already short this? this pair doesn't show any sign of reversal.

Attachment

This pair has 'ceiling' but no 'floor'.
Just one way ... that is down.
So use 'catch a falling knife method' to jump in.
Use smart money management and position sizing.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #37,413
  • Jul 18, 2012 6:28am Jul 18, 2012 6:28am
Quoting kotlt
It's better if you learn from it .

AU is ranging now.

ranging is good, ... opportunity , i.e. later sure breakout of range.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #37,414
  • Jul 18, 2012 6:28am Jul 18, 2012 6:28am
I believe the AU will move higher short term but will look for a break down some time next month or sooner.
Attached Image(s) (click to enlarge)
Click to Enlarge Name: GU Weekly Setup to larger down turn.jpg Size: 264 KB
Click to Enlarge Name: AU Weekly TF for down turn.jpg Size: 248 KB
  • #37,415
  • Jul 18, 2012 6:33am Jul 18, 2012 6:33am
It's worth to be awaited. Where is the logical sell order? Or should we wait a sonicR setup?

Attached Image (click to enlarge)
Click to Enlarge Name: GBPUSD.png Size: 56 KB
  • #37,416
  • Jul 18, 2012 6:38am Jul 18, 2012 6:38am
I belive too in this scenariu,Market probally will wait antil tomorrow Retail Sale UK release before strart move lower
Regards,
ExpresID
Trade Well
Quoting Conorado
It's worth to be awaited. Where is the logical sell order? Or should we wait a sonicR setup?

Attachment
  • #37,417
  • Jul 18, 2012 6:40am Jul 18, 2012 6:40am
Quoting worldfreedom
I believe the AU will move higher short term but will look for a break down some time next month or sooner.
that will depends on what the Chinese will do in the coming weeks.

On weekly chart, I see we are in wave 'd' of a 5-waves triangle.
There is a very strong fundamental support at one level. This is long term trading.

Of course then anything can happen, for example if there is a rating downgrade, then the whole story changes.
Attached Image
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #37,418
  • Jul 18, 2012 6:47am Jul 18, 2012 6:47am
Quoting emmanuel7788
that will depends on what the Chinese will do in the coming weeks.

On weekly chart, I see we are in wave 'd' of a 5-waves triangle.
There is a very strong fundamental support at one level. This is long term trading.

Of course then anything can happen, for example if there is a rating downgrade, then the whole story changes.
I agree anything can happen long term. AU and NU are very risk sensitive and I do not believe the world crisis will be solved that easily. I believe there will continue to be considerable downside risk.
  • #37,419
  • Jul 18, 2012 6:47am Jul 18, 2012 6:47am
Quoting ArtfulDodger
I admit it, I'm guilty as charged (of trying to find ways to tweak the system).

But I am going back to the basics. Nothing but pure, unadulterated Sonic R for me from now on. Getting rid of everything but the basic Sonic R template. Eliminating all pairs except for EURUSD, EURAUD, and AUDUSD.

It's not easy having a hard head!

The market is not really making any moves and hunting for trades that aren't really good setups is dangers especially CT which carry mush more risk. Remember not trading is trading, so best to keep your powder dry and wait for the setup that ticks all the boxes.
Some people say I'm lucky, but the more I practice the luckier I get
  • #37,420
  • Jul 18, 2012 6:53am Jul 18, 2012 6:53am
Quoting Conorado
Did anyone already short this? this pair doesn't show any sign of reversal.

Attachment
already short and already TP. it is too late now to short EU. and news is coming in 30 minute
Money Management and Patience is the Key
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