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Sonic R. System

  • #40,241
  • Oct 31, 2012 3:21pm Oct 31, 2012 3:21pm
Quoting Shooter150
I also buy this one now at 0,9312
sl 0,9274
tp0,9348
Attachment
Yes, the setup is there. On the other hand, the time is incorrect. So, what can easily happen is that price really goes nowhere, just ranges. Then, the asian session market pulls it down again. Why? Because it will be the first time that market has a shot at also loading up longs at these new low prices. Hence, that market might spike price down on a long building maneuver. And when all is said and done, later a new Sonic R. long setup gets formed, with an even lower EP!

Of course, the setup might run true. It does sometimes happen, but usually it does not. This is just one of the reasons behind Master Sonicdeejay's recommendation to only trade the London Session.
  • #40,242
  • Oct 31, 2012 3:33pm Oct 31, 2012 3:33pm
Quoting traderathome
Yes, the setup is there. On the other hand, the time is incorrect. So, what can easily happen is that price really goes nowhere, just ranges. Then, the asian session market pulls it down again. Why? Because it will be the first time that market has a shot at also loading up longs at these new low prices. Hence, that market might spike price down on a long building maneuver. And when all is said and done, later a new Sonic R. long setup gets formed, with an even lower EP!
Thanks Tah for the response .. We gonna see what happen .. I know about the time .. It's ranging time now .. So what do u think about my stop loss ? Is better if i keep it mentally and decide after along roads or set it before as i do ?
" Support/Resistance is your friend .. and TREND your girlfriend .. "
  • #40,243
  • Oct 31, 2012 3:40pm Oct 31, 2012 3:40pm
Hi Guys
New to this thread so just thought I should introduce myself.
Why am I here?
I had three criteria
1. A thread with a five star rating
2. A thread with a long track record (at least five years)
3. A thread where the originator is still actively trading and contributing.
So this thread ticks all the boxes
I am very much a learner and would really appreciate the support of you experienced traders
Goo luck and happy trading
  • #40,244
  • Oct 31, 2012 3:41pm Oct 31, 2012 3:41pm
Quoting Shooter150
Thanks Tah for the response .. We gonna see what happen .. I know about the time .. It's ranging time now .. So what do u think about my stop loss ? Is better if i keep it mentally and decide after along roads or set it before as i do ?
Your SL is just below LOD (low of day), which is a good location for a "fail-safe". The range on this pair is not all that great, so it reduces the chance of a huge whipsaw taking out your SL just before the trade runs. It could still happen though, but not likely until into the US market tomorrow. Just my take on it.
  • #40,245
  • Oct 31, 2012 3:47pm Oct 31, 2012 3:47pm
AU Commentary:

If looking for a possible trade that runs prior to the next LS, this would be a candidate.

Note that the LS trading activity increased thru the session as the price reduced. Possibly a measured selloff by the market. And note that when the price "got too low" the market pushed it back up on reducing volume! This is often a hallmark of pumping 'n dumping.

AU is a popular pair to trade during the asian session. And this one might setup for a short. There is a medium impact AUD release in less than four hours, which might be the catalyst for a move one way or the other.
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  • #40,246
  • Oct 31, 2012 3:55pm Oct 31, 2012 3:55pm
Quoting traderathome
Your SL is just below LOD (low of day), which is a good location for a "fail-safe". The range on this pair is not all that great, so it reduces the chance of a huge whipsaw taking out your SL just before the trade runs. It could still happen though, but not likely until into the US market tomorrow. Just my take on it.
Thanks Tah for your feedback ..
" Support/Resistance is your friend .. and TREND your girlfriend .. "
  • #40,247
  • Oct 31, 2012 4:00pm Oct 31, 2012 4:00pm
Quoting traderathome
AU Commentary:

If looking for a possible trade that runs prior to the next LS, this would be a candidate.

Note that the LS trading activity increased thru the session as the price reduced. Possibly a measured selloff by the market. And note that when the price "got too low" the market pushed it back up on reducing volume! This is often a hallmark of pumping 'n dumping.

AU is a popular pair to trade during the asian session. And this one might setup for a short. There is a medium impact AUD release in less than four hours,...
When it would be easy for you i will appreciate if you post me this indicator that you have to show the volume .. and also the blue dragon .. Thanks Tah .!
" Support/Resistance is your friend .. and TREND your girlfriend .. "
  • #40,248
  • Oct 31, 2012 5:05pm Oct 31, 2012 5:05pm
traderathome
Please show your Indicators & Templates
  • #40,249
  • Edited 5:54pm Oct 31, 2012 5:53pm | Edited 5:54pm
Looks like a great thread and some simple/profitable trading going on around here. Good to see.

I have a question. What kind of channels are you using here? I use Interactive Brokers so I don't get Donchian Channels there which is upsetting. Going to join sharescope or another program to get that.

So anyways.. you're using a 15 minute chart with what type of channels? Appreciate it!

For now I am trying to look at this strategy but using Keltner channels instead, will this strategy work with those?

Appreciate it!
  • #40,250
  • Oct 31, 2012 9:31pm Oct 31, 2012 9:31pm
In the good ole' days you used to have to go to the head of the auto to get it started,....give 'er crank and it would fluster to a start.

Growing up in school there was a popular praise you'd receive for exceptional work, "Great stuff. You go to the head of the class!"

Then there is the saying, "To be ahead of eighty percent of everyone, work harder than they do."

And of course, if you want to stay ahead of the Joneses, just buy every damn new thing that comes out before they do!

Now, here at the Sonic R. System thread on Forex Factory, if you want to find stuff to get started with, then where do you think would be the logical place to head, huh?


(Geez!)
  • #40,251
  • Oct 31, 2012 9:47pm Oct 31, 2012 9:47pm
long EJ ???
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  • #40,252
  • Oct 31, 2012 10:05pm Oct 31, 2012 10:05pm
UCad Commentary:

Thinking about this one for a long trade. The market is keeping a tight reign on it in the whole number area, which is a nice place to build a position ahead of a move that I suspect will be up, but that is speculative.

Thinking of an entry close above the whole number. But later, some smart assed big money outfit is likely to ram the price down on a longs collection maneuver, and the result might be that a later Sonic R. long setup will occur with an even lower EP! But, if I don't enter at the first twitch up, it might just keep on going, and leave me behind.

We'll see, but what is shown is just a proposed situation, not an actual entered trade,.....yet.
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  • #40,253
  • Edited Nov 1, 2012 12:37am Oct 31, 2012 10:09pm | Edited Nov 1, 2012 12:37am
Quoting chuongio
long EJ ???
Watching that one, too. Won't chase it. Looking for the market to pull back the price for more buying, maybe down to the 103.60ish area. That, or lower would make a nice entry.

BTW, your posted charts will be better if you use, Save as Picture/Active chart (as is) ......
Not Save as Picture/Active workspace, or Save as Picture/Active chart.

To do this, move the green dot to the middle choice before saving the picture. Once you do, the dot remains there for future saves. You do not have to move it each time.


Edit (2.5 hrs later): Price is beginning to fall away from the highs, but since Dragon is also leveling off taking an entry just because the price pulls back might not turn out so good later. This needs more time. It might turn down and continue down later.
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  • #40,254
  • Oct 31, 2012 10:33pm Oct 31, 2012 10:33pm
USD.CAD definitely on a buy signal already with my system... any decent pull back would be a great opportunity imo!
  • #40,255
  • Oct 31, 2012 11:09pm Oct 31, 2012 11:09pm
@ traderathome
EJ and USD/CAD, the same trend (long) ???
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  • #40,256
  • Oct 31, 2012 11:49pm Oct 31, 2012 11:49pm
Quoting traderathome
In the good ole' days you used to have to go to the head of the auto to get it started,....give 'er crank and it would fluster to a start.

Growing up in school there was a popular praise you'd receive for exceptional work, "Great stuff. You go to the head of the class!"

Then there is the saying, "To be ahead of eighty percent of everyone, work harder than they do."

And of course, if you want to stay ahead of the Joneses, just buy every damn new thing that comes out before they do!

Now, here at the Sonic R. System thread on Forex Factory,...
I would say start from the origins...then make efforts...don't feel depressed you make errors but always look for the excellence...
  • #40,257
  • Oct 31, 2012 11:56pm Oct 31, 2012 11:56pm
Quoting traderathome
UCad Commentary:

Thinking about this one for a long trade. The market is keeping a tight reign on it in the whole number area, which is a nice place to build a position ahead of a move that I suspect will be up, but that is speculative.

Thinking of an entry close above the whole number. But later, some smart assed big money outfit is likely to ram the price down on a longs collection maneuver, and the result might be that a later Sonic R. long setup will occur with an even lower EP! But, if I don't enter at the first twitch up, it might just keep on going, and leave me behind.

We'll see, but what is shown is just a proposed situation, not an actual entered trade,.....yet.
UCad: Long entry triggered.
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  • #40,258
  • Oct 31, 2012 11:57pm Oct 31, 2012 11:57pm
Yesterday I went playing pachinko. I didn't see any charts on the eurusd. Did anyone take any shot on the pair ? If not, I'd like to show mines.
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  • #40,259
  • Oct 31, 2012 11:58pm Oct 31, 2012 11:58pm
already short GU since last night, let see next
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  • #40,260
  • Nov 1, 2012 12:07am Nov 1, 2012 12:07am
Another beautiful thing is developing....
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