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Sonic R. System

  • #39,661
  • Oct 9, 2012 2:04pm Oct 9, 2012 2:04pm
Quoting traderathome
UCad: Entered long.
UCad: TP1 reached. Trade closed for 39 pips gain, EP1 to TP1. SL was mental, and price hit it by 2/10 ths of a pip before the trade really started.
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  • #39,662
  • Oct 9, 2012 2:19pm Oct 9, 2012 2:19pm
Quoting traderathome
UChf: Entered long. Price was moved back down. At this point PA no longer has the appearance of a SonicR setup. But, as explained, entry is based on the previous setup and EP zone marked. The risk is great. The assumption is price is still going north, but has been maneuvered back down so the London market can load up longs at a low price. If it does not work out that way, the trade loses. The US market might do the same. Or, PA could go south. SL is mental and will be that way at least until after the USD releases that are coming.
UChf: TP1 finally reached. Trade closed for 46 pips, EP1 to TP1 (mental SL).
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  • #39,663
  • Edited 5:35pm Oct 9, 2012 4:14pm | Edited 5:35pm
GU: Entered short. SL mental. TP1 based on Daily chart and conservative (within day range limits).
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  • #39,664
  • Oct 9, 2012 5:00pm Oct 9, 2012 5:00pm
Quoting traderathome
EU: Added trade #2, a Scout/"Curious" short, not a classic Sonic R. entry. PA is back to top of range, and ahead of two EUR high impact releases and a USD high impact release. If you view VSA on M1 you will see that all the really high levels of trading started well after the run up began. So it might well be that the market has struck new high ground for shorting while time permits before the releases. This is a high risk entry. SL2 is the new mental SL, and remains mental since we have yet to hear from the US session, which could spike price...
EU: TP1 finally reached. Both trades closed for 60 pips gain, EP1 to TP1, and 99.5 pips gain, EP2 to TP1. Mental SLs throughout time of trade.
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  • #39,665
  • Oct 9, 2012 5:07pm Oct 9, 2012 5:07pm
Quoting traderathome
EJ: Added trade #2, which is not a Sonic R. entry. Consider it a Scout/"Curious" short entry after new highs were made suddenly, in the absence of any scheduled release, and conveniently before two upcoming high impact EUR releases. This could still be pumped higher today, so the SL (now mentally relocated to SL2) remains mental. My TP is tentative, and here is why.

H4 shows the SR did not hold as resistance and price moved higher, with this last sudden spurt taking the price to the FR 50% retracement level of the multi-day move down from the...
EJ: Manually closed both trades for 31 pips gain, EP1 to TP2, and 102.9 pips gain, EP2 to TP1. Mental SLs throughout trades.
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  • #39,666
  • Oct 9, 2012 5:32pm Oct 9, 2012 5:32pm
AU: Entered short. SL mental. TP1 based on Daily chart and conservative (within day range limits).
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  • #39,667
  • Oct 9, 2012 10:01pm Oct 9, 2012 10:01pm
Quoting worldfreedom
I have closed the EA early as it looks like it may reverse. I am still holding the AU as long as it stays above the daily pivot.
what EA?
  • #39,668
  • Oct 9, 2012 11:50pm Oct 9, 2012 11:50pm
Quoting jdtrader
what EA?
See post #39653
  • #39,669
  • Oct 10, 2012 12:34am Oct 10, 2012 12:34am
Long Aussie
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  • #39,670
  • Oct 10, 2012 1:00am Oct 10, 2012 1:00am
shorted, let the market decides....
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  • #39,671
  • Oct 10, 2012 2:50am Oct 10, 2012 2:50am
USD/JPY: Entered long. SL mental. TP1 based on Daily chart 100 Day MA
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  • #39,672
  • Oct 10, 2012 5:07am Oct 10, 2012 5:07am
Quoting alrightfrank
shorted, let the market decides....
closed 30+ pips. have a good day fellas
  • #39,673
  • Oct 10, 2012 7:04am Oct 10, 2012 7:04am
Quoting alrightfrank
closed 30+ pips. have a good day fellas
When? where? Price not yet. I also sell the USDCHF.
  • #39,674
  • Oct 10, 2012 8:01am Oct 10, 2012 8:01am
Quoting SimpleR
When? where? Price not yet. I also sell the USDCHF.
around this area where the first bounce occured, i hope you get it.
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  • #39,675
  • Edited 9:24am Oct 10, 2012 9:13am | Edited 9:24am
Entered long on pullback Letīs see :nerd:

Regards,

H.
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"The future is already written in the past"
  • #39,676
  • Oct 10, 2012 9:18am Oct 10, 2012 9:18am
Quoting alrightfrank
around this area where the first bounce occured, i hope you get it.
I think you have closed trade. and take profits.
  • #39,677
  • Oct 10, 2012 2:59pm Oct 10, 2012 2:59pm
Quoting hansma
Entered long on pullback Letīs see :nerd:

Regards,

H.
Spain downgrade, can't see that stuff coming, oh well.

Grins

Edit; Dunno where your sl is, but the rest of the market does not seem to be going into a 'risk off' mode..., I'm thinking about buying this pair..., wish it was Egan instead of S&P,
"The more I practice the luckier I get." Gary Player
  • #39,678
  • Edited 5:45pm Oct 10, 2012 5:23pm | Edited 5:45pm
UChf:

Entered long. Have not placed a SL at this time. If price drops in LS to near the 3/4 number, I might add second long trade there. Entered long now because I have no way of knowing if the price might just move up from here, and start doing so before the next LS. On every TF, from H4 down to M15, PA is above the Dragon and the Dragon is angled up. In the 2nd pic. you can see that during the last LS price was run back down to "test" resistance, maybe now turned into support.
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  • #39,679
  • Oct 10, 2012 8:55pm Oct 10, 2012 8:55pm
Quoting worldfreedom
See post #39653
so is the EA following sonic strategy or part of it?
  • #39,680
  • Oct 10, 2012 9:37pm Oct 10, 2012 9:37pm
Quoting jdtrader
so is the EA following sonic strategy or part of it?
I am not sure I understand your question. The entry was take on a sonic setup. I missed the best entry but I entered on the next pull back as indicated on the chart.
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