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Sonic R. System

  • #38,341
  • Edited 8:38pm Aug 5, 2012 8:10pm | Edited 8:38pm
Quoting emmanuel7788
My attempt with GBPNZD

low formed last Friday, double bottom chart pattern.

Tight SL may not work. We shall see.
emmanuel, gee, look at the difference between your broker low in the PA wave and Alpari (US) low! FXCM even lower!

If people don't believe different brokers can have different prices (and maybe due to liquidity creation drives/SL hunts), this should open some eyes!
Attached Image(s) (click to enlarge)
Click to Enlarge Name: GBPNZD%206%20Aug%206-8-2012%208-43-41%20AM.png Size: 41 KB
Click to Enlarge Name: aug 2012 - 025.gif Size: 39 KB
Click to Enlarge Name: aug 2012 - 026.gif Size: 40 KB
  • #38,342
  • Aug 5, 2012 8:55pm Aug 5, 2012 8:55pm
Quoting traderathome
emmanuel, gee, look at the difference between your broker low in the PA wave and Alpari (US) low! FXCM even lower!

If people don't believe different brokers can have different prices (and maybe due to liquidity creation drives/SL hunts), this should open some eyes!

well that prove that tight SL don't always work.
we are trading with our broker and not directly in the market.
That is why I prefer using volatility based stop for swing trading on higher TF.
correct me here!
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #38,343
  • Aug 5, 2012 9:00pm Aug 5, 2012 9:00pm
Quoting traderathome
AU:

Entered short as shown. There are drawbacks. I am using sma, not ema, as it shows early rolling over of the Dragon. The PA wave is very, very tight. This might turn out not so good. This is asian session, also a higher risk time to enter. I'd not be surprised if LS moves price back up, even if it later goes down. I've placed the SL wide (from SR on Day chart), above what I see as possible highs for whipsawing, should that occur. My intent is, should the asian session move price down a ways, to close trade above TP1, and re-enter a better setup...

I agree on this trade, and i like it from the Sonic strategy point of view!

Let see if asian session do not go ape S**T on us!

There is no spoon....
  • #38,344
  • Aug 5, 2012 9:00pm Aug 5, 2012 9:00pm
Quoting emmanuel7788
well that prove that tight SL don't always work.
we are trading with our broker and not directly in the market.
That is why I prefer using volatility based stop for swing trading on higher TF.
correct me here!
If you are saying you look to higher TF S&R for selecting where to place the SL, like just beyond last swing high or swing low, which might be more clearly visible on H1 or H4, or even the Daily chart, then yes it is a viable approach. And in agreement with Master Sonicdeejay's statement that a tight SL on EU is a whopping 80 pips.
  • #38,345
  • Aug 5, 2012 9:04pm Aug 5, 2012 9:04pm
Sonic entry!

TP 0.99499

Good Luck!

Attached Image (click to enlarge)
Click to Enlarge Name: usdcad.gif Size: 81 KB
There is no spoon....
  • #38,346
  • Aug 5, 2012 10:24pm Aug 5, 2012 10:24pm
Hey everyone!

This is my first post on FF ever! I want to start by thanking all of the active posters in this thread for their contribution to this system! The real reason I created an account for commenting was because of you guys. I'm ready to get involved in this community and share my trades too. So I'm pretty new to this system, but I've been diligent in keeping up with the posts on this thread for some time now (I still haven't read them all, however). Please feel free to give any advice or ask me any questions!

So to start off:

Quoting Msis125125
Sonic entry!

TP 0.99499

Good Luck!

I took this trade too Msis! I'm curious though...why do you expect the price to drop to 0.99499? Don't you think the 0.99800(ish) level is a more appropriate TP, considering the level of resistance there?
I'm a dog chasing cars.
  • #38,347
  • Aug 5, 2012 11:10pm Aug 5, 2012 11:10pm
Quoting traderathome
If you are saying you look to higher TF S&R for selecting where to place the SL, like just beyond last swing high or swing low, which might be more clearly visible on H1 or H4, or even the Daily chart, then yes it is a viable approach. And in agreement with Master Sonicdeejay's statement that a tight SL on EU is a whopping 80 pips.

see my post#38243
chart posted here again.

If I am scalping EU on M15 and M5, I would not consider 80pips SL as tight. I prefer to look at the smaller waves on these lower TF and use tight SL.

But if I find a high probability setup entry on M15 and it is in favour of a swing trade, then I will still look at the volatility on H1, H4 and D. I also compare these with the the recent swing highs and lows, fibo levels as well as the RN and BRN. Most often you will find confluence of some of these price levels.
It is a matter of playing the position sizing game all the time when I trade. Whether the initial SL is placed 80pips or 150pips away from my entry, my Initial Risk remains the same.
Attached Image (click to enlarge)
Click to Enlarge Name: AU Trade Management Example 2-8-2012 8-37-32 AM.png Size: 97 KB
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #38,348
  • Aug 5, 2012 11:34pm Aug 5, 2012 11:34pm
Quoting Msis125125
Sonic entry!

TP 0.99499

Good Luck!

UCad may go down, but i see no reason to short here with sonicR system.

Wait to london session to see clear move.

Just my own view, your SL maybe hit soon .

Anyway, good best luck to you
Attached Image (click to enlarge)
Click to Enlarge Name: ucad.gif Size: 48 KB
Keep Simple...!
  • #38,349
  • Aug 6, 2012 1:10am Aug 6, 2012 1:10am
Quoting traderathome
AU:

Entered short as shown. There are drawbacks. I am using sma, not ema, as it shows early rolling over of the Dragon. The PA wave is very, very tight. This might turn out not so good. This is asian session, also a higher risk time to enter. I'd not be surprised if LS moves price back up, even if it later goes down. I've placed the SL wide (from SR on Day chart), above what I see as possible highs for whipsawing, should that occur. My intent is, should the asian session move price down a ways, to close trade above TP1, and re-enter a better...
Hi TAH, Could you please clarify using sma instead of ema? is it fo Dagon? Does it mean you are changing Sonic-R setup?
  • #38,350
  • Aug 6, 2012 1:39am Aug 6, 2012 1:39am
if you are pro-USD,
then short GU,EU and AU
.... long UCad, Uchf
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #38,351
  • Aug 6, 2012 1:55am Aug 6, 2012 1:55am
Quoting emmanuel7788
if you are pro-USD,
then short GU,EU and AU
.... long UCad, Uchf
In general I am agree! I am short already)
But what is the base of your opinion?
Everything is possible!!! Step by Step...
  • #38,352
  • Aug 6, 2012 2:15am Aug 6, 2012 2:15am
i long USDCAD
Attached Image (click to enlarge)
Click to Enlarge Name: ucad.gif Size: 50 KB
Keep Simple...!
  • #38,353
  • Aug 6, 2012 2:15am Aug 6, 2012 2:15am
Just enter GBPUSD short.
Is this a good sonicR M15 setup?
Now need to manage this trade.
Attached Image (click to enlarge)
Click to Enlarge Name: GBPUSD 6 Aug 6-8-2012 2-27-15 PM.png Size: 31 KB
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #38,354
  • Aug 6, 2012 2:19am Aug 6, 2012 2:19am
Quoting DmitryFX
In general I am agree! I am short already)
But what is the base of your opinion?

mine was question if your are pro-USD. evry trader must make his own decision what he/she sees on his/her charts.

for me, I look at the overall USD pairs and correlation strength, if it is more bullish or bearish.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #38,355
  • Edited 3:12am Aug 6, 2012 2:51am | Edited 3:12am
Quoting emmanuel7788
Just enter GBPUSD short.
Is this a good sonicR M15 setup?
Now need to manage this trade.
GU:

You can see on H1 that this is bullish, and maybe only pulling back down to S&R (whole number/PVT area) temporarily. Maybe lower. Nobody knows. But it is a counter trend move. One might start looking at M15/M5 for a long setup to develop during the LS, because there is a USD high impact release coming today. It could spark a return to the upside direction.
Attached Image (click to enlarge)
Click to Enlarge Name: aug 2012 - 027.gif Size: 28 KB
  • #38,356
  • Aug 6, 2012 3:04am Aug 6, 2012 3:04am
Quoting Daniel3167
Hi TAH, Could you please clarify using sma instead of ema? is it fo Dagon? Does it mean you are changing Sonic-R setup?
Just a personal experiment to compare ema vs sma Dragon. No need to do any changing.
  • #38,357
  • Aug 6, 2012 3:12am Aug 6, 2012 3:12am
Quoting emmanuel7788
Just enter GBPUSD short.
Is this a good sonicR M15 setup?
Now need to manage this trade.
Nice short here

Hope your TP1 will be reached soon
Keep Simple...!
  • #38,358
  • Aug 6, 2012 3:47am Aug 6, 2012 3:47am
Quoting kotlt
Nice short here

Hope your TP1 will be reached soon

thanks.
yes, just got my TP1 and BE my remaining position.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #38,359
  • Aug 6, 2012 4:18am Aug 6, 2012 4:18am
EU:

Entered short as shown. EU/GU market behaviour this morning appears to favor driving prices low before the USD release. EU has had a better upside pullback after the first move down. After the USD release? Who knows. Maybe the market will slam these back up, or may the market will hold them down while closing this morning's shorts and take another day to build back long. In any case, I have three TPs set in case this moves down really well. The SL is up where hopefully it will allow for whipping, in case this happens before prices really start to drop if the US "news" is favorable.
Attached Image (click to enlarge)
Click to Enlarge Name: aug 2012 - 028.gif Size: 31 KB
  • #38,360
  • Aug 6, 2012 4:39am Aug 6, 2012 4:39am
Quoting ElectroGypsy
Hey everyone!

This is my first post on FF ever! I want to start by thanking all of the active posters in this thread for their contribution to this system! The real reason I created an account for commenting was because of you guys. I'm ready to get involved in this community and share my trades too. So I'm pretty new to this system, but I've been diligent in keeping up with the posts on this thread for some time now (I still haven't read them all, however). Please feel free to give any advice or ask me any questions!

So to start off:



I...

Just big TP, so i can close manually any time i want!

There is no spoon....
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