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Sonic R. System

  • #40,081
  • Oct 28, 2012 5:35pm Oct 28, 2012 5:35pm
Quoting umbro
Let's see if I'm lucky this early morning and bring home some a bunch of pips.
To me, this is a correct sonic setup (according to my understanding). If there are comments are welcome. Good trading week to ALL !
I closed the trade with 1 pip gain (better than nothing) because it's too much boring. The market is slow. It's my first trade with the sonic method and I won. I'm happy.
  • #40,082
  • Edited 7:56pm Oct 28, 2012 7:09pm | Edited 7:56pm
Quoting umbro
I closed the trade with 1 pip gain (better than nothing) because it's too much boring. The market is slow. It's my first trade with the sonic method and I won. I'm happy.
Umbro, congratulations on not losing money on that "Sonic R." trade.

1. First day of week.
2. Before LS.
3. Not M15.

All added risk. You can see on M15 that you shorted right into a support area. And there the price bounced. The trend is down, yes. The week opened with a down move, but not far. Just enough caused by some early asian session outfits selling off. Now the market is likely to wrestle the price back upwards before anyone proceeds further with selling.
Attached Image (click to enlarge)
Click to Enlarge Name: oct 2012 - 120.gif Size: 39 KB
  • #40,083
  • Oct 28, 2012 7:14pm Oct 28, 2012 7:14pm
Quoting traderathome
Umbro, congratulations on not losing money on that "Sonic R." trade.

1. Outside of LS.
2. Not on M15.
3. First day of week.

All added risk to trading.
Hello Mentor TAH,

Hope you have a good weekend! May this week be a good trading experience with Sonic sys for all sonicers!

fxbreeze
  • #40,084
  • Oct 28, 2012 8:23pm Oct 28, 2012 8:23pm
Quoting traderathome
Umbro, congratulations on not losing money on that "Sonic R." trade.

1. First day of week.
2. Before LS.
3. Not M15.

All added risk. You can see on M15 that you shorted right into a support area. And there the price bounced. The trend is down, yes. The week opened with a down move, but not far. Just enough caused by some early asian session outfits selling off. Now the market is likely to wrestle the price back upwards before anyone proceeds further with selling.
Tah, thanks for the feedback. Appreciated. I agree with your notes. I use to have these trades with a risk of 7-8 pips and same on the reward during the asia session. The entry is on the the support because if not I cannot make pips. It's a risky trade. I know. I'm at the lower levels of the learning curve (may be not the lowest I hope). I have a question. What kind of trades you take with the sonic setup in the asia session ? Thank you.
  • #40,085
  • Oct 28, 2012 8:35pm Oct 28, 2012 8:35pm
Quoting umbro
Tah, thanks for the feedback. Appreciated. I agree with your notes. I use to have these trades with a risk of 7-8 pips and same on the reward during the asia session. The entry is on the the support because if not I cannot make pips. It's a risky trade. I know. I'm at the lower levels of the learning curve (may be not the lowest I hope). I have a question. What kind of trades you take with the sonic setup in the asia session ? Thank you.
Good question, umbro. Glad you asked. I've been pounded to mush by trading the asian session, and early days of the week have been the worst. Mid-week might be best, but even then the main course served is shy in pips most of the time. Then, every once in a while, a really good run slips in and beckens traders to resume attempts to trade the asian session as a regular course meal. Bah! Nope!

I scout for good looking asian setups, and have found many. Then they run nowhere, or even reverse. When it comes to the asian session, Sonic R. setups are like racing cars,.......it is not how good they look, but how they run that counts! And asian session racers are lucky if they get out of Pit Row!
  • #40,086
  • Oct 28, 2012 8:42pm Oct 28, 2012 8:42pm
Quoting traderathome
Good question, umbro. Glad you asked. I've been pounded to mush by trading the asian session, and early days of the week have been the worst. Mid-week might be best, but even then the main course served is shy in pips most of the time. Then, every once in a while, a really good run slips in and beckens traders to resume attempts to trade the asian session as a regular course meal. Bah! Nope!

I scout for good looking asian setups, and have found many. Then they run nowhere, or even reverse. When it comes to the asian session, Sonic R....
Ok. Thanks. I'll take this in consideration. Whatever my 1 pip gain made me happy today...
  • #40,087
  • Oct 28, 2012 10:14pm Oct 28, 2012 10:14pm
AU : LO may provide a short setup, my TP is 1.030x. Wait for break.
Attached Image (click to enlarge)
Click to Enlarge Name: au.gif Size: 54 KB
Keep Simple...!
  • #40,088
  • Oct 28, 2012 10:23pm Oct 28, 2012 10:23pm
Quoting traderathome
UCad Commentary:

Sonicers, this one is on the move again, poised at the half number for a breakout to the upside (see M15). The attached Daily chart shows that several days ago the price went up to the TL and quickly withdrew. Since then the price has struck low during what appears to be consolidation (= load up longs). Often PA will hit a resistance, withdraw while the market loads up in preparation for a return run to the resistance with the intent of breaking it out. This might be what has been going on.

Note that the RWH mark is now...
UCad Commentary:

Well, PA did not make RWH last week. However, the premise is still valid that the market pulled the price down from the TL to load up longs before heading the price back up, and thru, the TL. Friday was an "up" day, just not as much as was possible. This first day of the new week is promising for the week as a whole, as PA continues upwards.
Attached Image (click to enlarge)
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  • #40,089
  • Oct 28, 2012 10:23pm Oct 28, 2012 10:23pm
I cannot post a chart. I'm sorry to bother again but this support at around 1.29250 is crucial on the eur. What do you think ?
  • #40,090
  • Oct 28, 2012 10:35pm Oct 28, 2012 10:35pm
Quoting umbro
I cannot post a chart. I'm sorry to bother again but this support at around 1.29250 is crucial on the eur. What do you think ?
In about 30 minutes we have FO. That market might give some clues. Two hours later we have LO. I think we need to wait and see what the market shows us. I have no idea what will happen. However, it would not be surprising if the market did what it could to pump pricing for awhile, because getting it higher would mean the market could resume serious selling starting at higher prices.
  • #40,091
  • Oct 28, 2012 10:42pm Oct 28, 2012 10:42pm
Quoting traderathome
In about 30 minutes we have FO. That market might give some clues. Two hours later we have LO. I think we need to wait and see what the market shows us. I have no idea what will happen. However, it would not be surprising if the market did what it could to pump pricing for awhile, because getting it higher would mean the market could resume selling starting at higher prices.
Yes. Let's wait. The support is sustaining. I don't know me too.
  • #40,092
  • Oct 28, 2012 11:04pm Oct 28, 2012 11:04pm
Quoting umbro
Yes. Let's wait. The support is sustaining. I don't know me too.
I'm considering a short pre-market because I expect this devil support at 1.29250 will be crashed but according to the chart volume is very low. The dragon is flat. Ok... Let's wait.
  • #40,093
  • Oct 28, 2012 11:08pm Oct 28, 2012 11:08pm
Hello guys .. I hope to everybody to have good week with many pips.. .. Let's take a cup of coffee and wait the market make some sonic r set ups ... .. On this weekend i make so many backtest and read many conversation on this thread .. Lets see if i improved a little bit ..
" Support/Resistance is your friend .. and TREND your girlfriend .. "
  • #40,094
  • Oct 28, 2012 11:17pm Oct 28, 2012 11:17pm
Quoting Shooter150
Hello guys .. I hope to everybody to have good week with many pips.. .. Let's take a cup of coffee and wait the market make some sonic r set ups ... .. On this weekend i make so many backtest and read many conversation on this thread .. Lets see if i improved a little bit ..
Tension should stay high....I'm joking...thanks for your post.
  • #40,095
  • Edited 11:44pm Oct 28, 2012 11:18pm | Edited 11:44pm
Time Zone Changes

Sonicers, this weekend London and Frankfurt went off DST, so the FO and LO might be an hour later than you expect, but they are still an hour apart. Over the next several weeks other places will go off DST. Once your broker goes off DST you need to fix the manual input at the top of your Control Panel, so when charting without a live feed, your TzPivots and vLines are proper. With a live feed, everything is already handled for you, meaning the Clock, TzPivots and vLines are ok. Remember, you can use the Clock during live feed to check the number of hours difference between your broker and GMT, which is the manual input that might change. If your broker is at GMT, there will be no change. If not, when your broker goes off DST there will be a change, and that manual input will need to be changed.

The attached chart shows London now at GMT. It was GMT+1 before this weekend. The broker also shifted one hour. It was GMT+3 and now is only GMT+2. So, I had to change the manual input for the Broker_GMT_Offset from "3" to "2". Having done that, if I am charting without a live feed, everything will remain proper. The procedure for determining what change to make to the manual input, you can see, is simple. And it is also fully explained in the User Notes at the top of the compile of the SonicR Control Panel.
Attached Image (click to enlarge)
Click to Enlarge Name: oct 2012 - 122.gif Size: 33 KB
  • #40,096
  • Oct 28, 2012 11:30pm Oct 28, 2012 11:30pm
Quoting traderathome
Time Zone Changes

Sonicers, this weekend London and Frankfurt went off DST, so the FO and LO might be an hour later than you expect, but they are still an hour apart. Over the next several weeks other places will go off DST. Once your broker goes off DST you need to fix the manual input at the top of your Control Panel, so when charting without a live feed, your TzPivots and vLines are proper. With a live feed, everything is already handled for you, meaning the Clock, TzPivots and vLines are ok. Remember, you can use the Clock during live...
Thanks.
  • #40,097
  • Oct 28, 2012 11:41pm Oct 28, 2012 11:41pm
EurAud
entered 1,2475
SL 1,2501
TP 1,2451

Attached Image (click to enlarge)
Click to Enlarge Name: 13.jpg Size: 140 KB
" Support/Resistance is your friend .. and TREND your girlfriend .. "
  • #40,098
  • Oct 28, 2012 11:41pm Oct 28, 2012 11:41pm
I hope everybody of you living in the US where the hurricane is coming are at safe place.
Thank you.
  • #40,099
  • Oct 28, 2012 11:55pm Oct 28, 2012 11:55pm
EU may have a long setup. Two stopping volumes in my chart.

At this time i also cancel my AU short plan . Bullish EU now.
Attached Image (click to enlarge)
Click to Enlarge Name: eu.gif Size: 50 KB
Keep Simple...!
  • #40,100
  • Oct 28, 2012 11:57pm Oct 28, 2012 11:57pm
Quoting Shooter150
EurAud
entered 1,2475
SL 1,2501
TP 1,2451

Attachment
Why would you trade such a pair with a large spread and a small range?
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