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Sonic R. System

  • #38,921
  • Aug 27, 2012 5:37am Aug 27, 2012 5:37am
Quoting kashTrader
Was this a good Sonic Setup?

well, ideally..I prefer the EMA34 Dragon to be above the EMA89 Trend, and there must be a nice 1-2-3- wave type PA.
In my view, when bulls enter the bears territory , we expect the bears to fight back.
Let's see if more bulls will join in the race up.

Depends on how you manage this buy trade now, and how many pips you want...never know how the market will reward you for spotting this.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #38,922
  • Aug 27, 2012 5:41am Aug 27, 2012 5:41am
Agreed, it just bothers me to rush into a trade.

Though it could be a good trade.


Quoting emmanuel7788
well, ideally..I prefer the EMA34 Dragon to be above the EMA89 Trend, and there must be a nice 1-2-3- wave type PA.
In my view, when bulls enter the bears territory , we expect the bears to fight back.
Let's see if more bulls will join in the race up.

Depends on how you manage this buy trade now, and how many pips you want...never know how the market will reward you for spotting this.
Veni, Vidi, Vici
  • #38,923
  • Aug 27, 2012 5:44am Aug 27, 2012 5:44am
Quoting ahniel
Agreed, it just bothers me to rush into a trade.

Though it could be a good trade.
Thanks for all your inputs......
Why would this be classified as a rush trade?

1. The Dragon is not over the trend line?
2. The doesn't show 1,2,3 ?


I thought I was following the rules closely. So would be very interested to know how to make this better.
  • #38,924
  • Aug 27, 2012 5:52am Aug 27, 2012 5:52am
Hi KashTrader

Don't feel offended in any way. No offence to anyone especially you.

These are my opinions.

Point 1: True, PA is above trend line EMA34 and EMA89.

Point 2: Yes, there is 1,2 and 3.

Point 3: I have been back testing Sonic R with 2 years of data, normally when this scenario happens, I wait for EMA34 to break EMA89 to give me a better confirmation for a long.

That's my reason for saying rush, but that does not mean a good trade may not happen. Just that, I'm very choosy with my trades.


Quoting kashTrader
Thanks for all your inputs......
Why would this be classified as a rush trade?

1. The Dragon is not over the trend line?
2. The doesn't show 1,2,3 ?


I thought I was following the rules closely. So would be very interested to know how to make this better.
Veni, Vidi, Vici
  • #38,925
  • Aug 27, 2012 5:54am Aug 27, 2012 5:54am
Quoting ahniel
Hi KashTrader

Don't feel offended in any way. No offence to anyone especially you.

These are my opinions.

Point 1: True, PA is above trend line EMA34 and EMA89.

Point 2: Yes, there is 1,2 and 3.

Point 3: I have been back testing Sonic R with 2 years of data, normally when this scenario happens, I wait for EMA34 to break EMA89 to give me a better confirmation for a long.

That's my reason for saying rush, but that does not mean a good trade may not happen. Just that, I'm very choosy with my trades.
No offence taken : ).....
I was merely trying to understand your point of view as well....
I feel the more options I discuss, the more views I know..... the better I will get a judging trades......

Your input was valuable ...... Thanks
  • #38,926
  • Aug 27, 2012 6:17am Aug 27, 2012 6:17am
ill pass for this one, PA is quite far from SD/SR areas, imho.
good luck fellas
Attached Image (click to enlarge)
Click to Enlarge Name: eu.gif Size: 21 KB
  • #38,927
  • Aug 27, 2012 6:38am Aug 27, 2012 6:38am
this is how I view EU right now before NYO.
looking at D chart pattern, I am bias toward the downside
Attached Image (click to enlarge)
Click to Enlarge Name: EU 27 Aug pre-NYO 27-8-2012 7-29-05 PM.png Size: 59 KB
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #38,928
  • Aug 27, 2012 6:47am Aug 27, 2012 6:47am
Quoting RoelsMajor
Long EU @ 1.2520
SL 1.2500
Target 1.2575
Close manually at EP cause price stop moving at 1.2525 area...will looking for another momentum...
fooled by randomness in art
Meditation All Time Return: 8.9%
  • #38,929
  • Aug 27, 2012 7:07am Aug 27, 2012 7:07am
Quoting RoelsMajor
Close manually at EP cause price stop moving at 1.2525 area...will looking for another momentum...
I am waiting for the next candle, seems like the start of NY may bring in Bulls...
  • #38,930
  • Aug 27, 2012 7:22am Aug 27, 2012 7:22am
Quoting kashTrader
I am waiting for the next candle, seems like the start of NY may bring in Bulls...
Long EU Again! @ 1.2525
SL @ 1.2520
TP @ 1.2575
Hope ride with this bulls momentum...
Attached Image (click to enlarge)
Click to Enlarge Name: 27 august 2012.gif Size: 34 KB
fooled by randomness in art
Meditation All Time Return: 8.9%
  • #38,931
  • Aug 27, 2012 7:37am Aug 27, 2012 7:37am
Quoting RoelsMajor
Long EU Again! @ 1.2525
SL @ 1.2520
TP @ 1.2575
Hope ride with this bulls momentum...
SL just 5 pips?
  • #38,932
  • Aug 27, 2012 7:57am Aug 27, 2012 7:57am
Quoting demalichcha
SL just 5 pips?
Yes, we can see PA at 1.2520 now turn as a support for bullish EU...if price comeback again and penetrate this level, so say goodbye for "bull EU"...in day term...I won't risk more pips for this trade...
fooled by randomness in art
Meditation All Time Return: 8.9%
  • #38,933
  • Aug 27, 2012 8:55am Aug 27, 2012 8:55am
Quoting RoelsMajor
Yes, we can see PA at 1.2520 now turn as a support for bullish EU...if price comeback again and penetrate this level, so say goodbye for "bull EU"...in day term...I won't risk more pips for this trade...
SL hit @ 1.2420
Done for today...
fooled by randomness in art
Meditation All Time Return: 8.9%
  • #38,934
  • Aug 27, 2012 9:18am Aug 27, 2012 9:18am
I still dont quite understand what is a good Sonic Setup.
Before I place my entry I ..
1) Count the wave
2) See if the candle is above/below the dragon and the trend line and place an entry point for few pips (my case 5 pips).
3) Also check the angle of the dragon.

but yet the price does not do what it should do and then other factors come to play such as the certain Support and resistance area which im not able to distinguish which one is the strong s&r area. Then, I dont seem to place the "right" SL and TP. I know that we cant control the market and we hav to able to except some losses but I kinda lost confidence on my trading decision right now . So someone please educate me
  • #38,935
  • Aug 27, 2012 9:43am Aug 27, 2012 9:43am
Quoting MrSmoove
I still dont quite understand what is a good Sonic Setup.
Before I place my entry I ..
1) Count the wave
2) See if the candle is above/below the dragon and the trend line and place an entry point for few pips (my case 5 pips).
3) Also check the angle of the dragon.

but yet the price does not do what it should do and then other factors come to play such as the certain Support and resistance area which im not able to distinguish which one is the strong s&r area. Then, I dont seem to place the "right" SL and TP. I know that we cant control...
If you want someone to try an help you - please at least post a chart with your comments on it.

Regards,
H.
"The future is already written in the past"
  • #38,936
  • Edited 9:58am Aug 27, 2012 9:43am | Edited 9:58am
Quoting MrSmoove
I still dont quite understand what is a good Sonic Setup.
Before I place my entry I ..
1) Count the wave
2) See if the candle is above/below the dragon and the trend line and place an entry point for few pips (my case 5 pips).
3) Also check the angle of the dragon.

but yet the price does not do what it should do and then other factors come to play such as the certain Support and resistance area which im not able to distinguish which one is the strong s&r area. Then, I dont seem to place the "right" SL and TP. I know that we cant control...
u can check out master hansma's previous entry posts, youll notice most of them are near SD areas.

check the SR's on higher tf mate before you count the waves in smaller tf's, if the setup appears near or within the SD/SR level the higher the opportunity of having a positive trade. do not rely on the dragon itself.
F
  • #38,937
  • Aug 27, 2012 9:46am Aug 27, 2012 9:46am
shorted @1.2520 on M5 TF
Attached Image (click to enlarge)
Click to Enlarge Name: s9.gif Size: 32 KB
  • #38,938
  • Aug 27, 2012 11:09am Aug 27, 2012 11:09am
Quoting alkenany
shorted @1.2520 on m5 tf
out +5 pips
trend is up
  • #38,939
  • Aug 27, 2012 11:22am Aug 27, 2012 11:22am
Sorry for my poor drawing ..
The yellow line was my rush long EP but then i stopped out after i drew the red trend line. I put another EP at orange line as my red resistance line was broken with my SL down at 1.24890. However, I closed the order when I drew the yellow trend line and the resistance/support area (white box). In my opinion, I rushed into the trade without carefully scanning for a "strong" S&R area. My question is when the market is ranging like this, we wait for certain area to break or we look at a smaller TF (if my fingers are too itchy to rush into trades), correct ?

Thank you so much
Attached Image (click to enlarge)
Click to Enlarge Name: Capture.jpg Size: 104 KB
  • #38,940
  • Edited 12:31pm Aug 27, 2012 12:18pm | Edited 12:31pm
Quoting MrSmoove
Sorry for my poor drawing ..
The yellow line was my rush long EP but then i stopped out after i drew the red trend line. I put another EP at orange line as my red resistance line was broken with my SL down at 1.24890. However, I closed the order when I drew the yellow trend line and the resistance/support area (white box). In my opinion, I rushed into the trade without carefully scanning for a "strong" S&R area. My question is when the market is ranging like this, we wait for certain area to break or we look at a smaller TF (if my fingers are...
Here´s my opinion.

1. Loose those itchy fingers and wait for a proper setup.

2. You were buying into minor supply and a trendline - at least watch what
price does in that area, before pulling the trigger.

3. When the market is ranging - you will need to wait for a break in either direction, and then wait for another setup,
going through the whole sonic r setup again before you pull the trigger.


Hope this somewhat helps you

Regards,
H.
"The future is already written in the past"
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