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Sonic R. System

  • #40,541
  • Nov 8, 2012 1:26am Nov 8, 2012 1:26am
Quoting Ck87
Hmmm looks like a euro long 15m set up ?

Little worried about sideways action though.. Probably going to get burned on this one.


Long EU 1.2767
SL 1.2739
TP manual - first one might be 1.2802

If the euro ever gets that far
Careful, EU is bearish at this time. In my own view, there is no long setup at this time.

Anyway best luck to you, market do what they want
Attached Image (click to enlarge)
Click to Enlarge Name: eu.gif Size: 48 KB
Keep Simple...!
  • #40,542
  • Nov 8, 2012 1:27am Nov 8, 2012 1:27am
Quoting Ck87
Hmmm looks like a euro long 15m set up ?

Little worried about sideways action though.. Probably going to get burned on this one.


Long EU 1.2767
SL 1.2739
TP manual - first one might be 1.2802

If the euro ever gets that far
Before LS, so could still go either way. But "up" is definately CT now, so higher risk to enter, especially before LS (i.e, head fakes). Just some ideas.
Attached Image (click to enlarge)
Click to Enlarge Name: nov 2012 - 023.gif Size: 30 KB
  • #40,543
  • Edited 1:44am Nov 8, 2012 1:28am | Edited 1:44am
I agree and thought it was a long set up. I'm really bad at judging this system so far. What exactly has to happen for this to be a Long set up from your view?

Really tough to trade this market right now. I don't like going against the trend.
  • #40,544
  • Nov 8, 2012 1:38am Nov 8, 2012 1:38am
GbpUsd long set up
EP 1,5985
SL 1,5967
TP 1,6026

Attached Image (click to enlarge)
Click to Enlarge Name: 59.jpg Size: 131 KB
" Support/Resistance is your friend .. and TREND your girlfriend .. "
  • #40,545
  • Edited 2:07am Nov 8, 2012 1:39am | Edited 2:07am
Quoting Ck87
I agree and thought it was a long set up. I'm really bad at judging this system so far. What exactly has to happen for this to be a Long set up from your view?
Something like this (pic.1)?

Edit: There is an entry (pic.2), but still is CT trade with higher risk and likely to not go as far.
Attached Image(s) (click to enlarge)
Click to Enlarge Name: nov 2012 - 024.gif Size: 29 KB
Click to Enlarge Name: nov 2012 - 025.gif Size: 29 KB
  • #40,546
  • Nov 8, 2012 1:47am Nov 8, 2012 1:47am
Buongiorno. Just a short comment for those who didn't check the news calendar.
On the eurusd we have some important news later today:

- EUR minimum bid rate
- USD trade balance
- USD Unemployment Claims
- ECB press conferense

Let's be careful. My expectation is we'll not have big moves at LO but as always I can be wrong and the market will decide.

I hope everybody will have a good trading day today.
  • #40,547
  • Nov 8, 2012 2:05am Nov 8, 2012 2:05am
Hmm don't know why my zig zag indicator on MT4 looks different. Wish I could understand this system better! Feel like such a moron right now.

Gotta break that 1.2780 resistance and we're off to the races on EU.
  • #40,548
  • Nov 8, 2012 2:09am Nov 8, 2012 2:09am
Quoting Ck87
Hmm don't know why my zig zag indicator on MT4 looks different. Wish I could understand this system better! Feel like such a moron right now.

Gotta break that 1.2780 resistance and we're off to the races on EU.
Kill the zigzag indy. Don't need it. Need to learn to spot good waves from not good waves all by yourself, if you are going to be successful. And you can better see them if your chart is not all crapped up with a bunch of garbage.

BTW, I added to my previous post answering you. Please go back to it.

And be careful, because PA might turn out something like in the pic. attached.
Attached Image (click to enlarge)
Click to Enlarge Name: nov 2012 - 026.gif Size: 31 KB
  • #40,549
  • Nov 8, 2012 2:09am Nov 8, 2012 2:09am
Quoting traderathome
Before LS, so could still go either way. But "up" is definately CT now, so higher risk to enter, especially before LS (i.e, head fakes). Just some ideas.
Wish Good Morning and Most Pips to all Fellow-Traders !

I am trying to get my head round the The Sonic System - May the Tribe Increase ! - most abbreviations I could get hang of but a few escape ! Shall some kind gent elucidate these for me ?

I suppose LS stands for Lond Start (Open) - hope I am right. But the "UP" is definitely CT now" defeats me completely. Shall thank you to explain what "CT" stands for.

Thanks & Regards,

Vilas.
  • #40,550
  • Nov 8, 2012 2:09am Nov 8, 2012 2:09am
AUDUSD entered long
EP 1,0421
SL 1,0388
TP 1,0456
Attached Image (click to enlarge)
Click to Enlarge Name: 59.jpg Size: 123 KB
" Support/Resistance is your friend .. and TREND your girlfriend .. "
  • #40,551
  • Nov 8, 2012 2:09am Nov 8, 2012 2:09am
Quoting traderathome
Kill the zigzag indy. Don't need it. Need to learn to spot good waves from not good waves all by yourself, if you are going to be successful. And you can better see them if your chart is not all crapped up with a bunch of garbage.
Yeah I don't normally use that. But seeing it all over you and shooter's charts.
  • #40,552
  • Nov 8, 2012 2:10am Nov 8, 2012 2:10am
EJ possible long setup?
Attached Image (click to enlarge)
Click to Enlarge Name: ej.gif Size: 49 KB
Keep Simple...!
  • #40,553
  • Nov 8, 2012 2:23am Nov 8, 2012 2:23am
Quoting Ck87
Yeah I don't normally use that. But seeing it all over you and shooter's charts.
Never used it. Always draw my own.
  • #40,554
  • Nov 8, 2012 2:24am Nov 8, 2012 2:24am
Quoting vilas
Wish Good Morning and Most Pips to all Fellow-Traders !

I am trying to get my head round the The Sonic System - May the Tribe Increase ! - most abbreviations I could get hang of but a few escape ! Shall some kind gent elucidate these for me ?

I suppose LS stands for Lond Start (Open) - hope I am right. But the "UP" is definitely CT now" defeats me completely. Shall thank you to explain what "CT" stands for.

Thanks & Regards,

Vilas.
London session, Up, counter-trend.
  • #40,555
  • Nov 8, 2012 2:25am Nov 8, 2012 2:25am
What a disgustingly sloppy market right now.
  • #40,556
  • Nov 8, 2012 2:27am Nov 8, 2012 2:27am
Quoting Ck87
What a disgustingly sloppy market right now.
It is a great market. Just gotta keep the proper perspective......
Attached Image (click to enlarge)
Click to Enlarge Name: nov 2012 - 027.gif Size: 29 KB
  • #40,557
  • Nov 8, 2012 2:30am Nov 8, 2012 2:30am
Quoting traderathome
It is a great market. Just gotta keep the proper perspective......
Yeah, we definitely restarted the daily downtrend. Have to be shorting all rallies at this point IMO.

This recent PA on EU does look semi-bullish in the super short term picture.

Overall I think this is a great time to be short the euro and long dollar.

Have to focus more on sticking with that trend and looking for the best opportunities. I'll probably do way better in this current environment either being short EUR and not looking at intraday action and/or only sticking with the sell side on the EUR intraday.
  • #40,558
  • Nov 8, 2012 2:38am Nov 8, 2012 2:38am
Quoting shooter150
audusd entered long
ep 1,0421
sl 1,0388
tp 1,0456
Attachment
close my position -9 pips
" Support/Resistance is your friend .. and TREND your girlfriend .. "
  • #40,559
  • Nov 8, 2012 2:41am Nov 8, 2012 2:41am
ENTERED EURAUD long
EP 1,2262
SL 1,2230
TP 1,2310
Attached Image (click to enlarge)
Click to Enlarge Name: 59.jpg Size: 118 KB
" Support/Resistance is your friend .. and TREND your girlfriend .. "
  • #40,560
  • Nov 8, 2012 2:47am Nov 8, 2012 2:47am
Quoting Shooter150
ENTERED EURAUD long
EP 1,2262
SL 1,2230
TP 1,2310
Attachment
I'm with you, my TP 1.2300
Keep Simple...!
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