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Sonic R. System

  • #43,461
  • Jan 28, 2013 10:00am Jan 28, 2013 10:00am
Quoting traderathome
AU: Entered long. This adds to other open long trades to be closed in the future.

This looks more like a 1m or 5m set up, TAH
  • #43,462
  • Edited 10:55am Jan 28, 2013 10:21am | Edited 10:55am
GBP/JPY entered short.
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  • #43,463
  • Jan 28, 2013 10:25am Jan 28, 2013 10:25am
EU Short Entry Triggered

Dragon is kinda flat.
Wave is good for short entry.

I'm looking for a big move short, so my tp will be around 1.33745
Posting from work.

EDIT Setup invalidated EU is rangebound. Flat Dragon!
Attached Image (click to enlarge)
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  • #43,464
  • Jan 28, 2013 10:30am Jan 28, 2013 10:30am
short GU, SL 1.5747, EP 1.5690
Attached Image (click to enlarge)
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Keep Simple...!
  • #43,465
  • Edited 2:08pm Jan 28, 2013 1:26pm | Edited 2:08pm
Hi Sonickers.

Was asked in pm how to determine the waves for a long or short setup. This is my reply.

Also please note that the attached chart is how I look at things - I like my setups to be confirmed .... on the second pullback

to HL or LH.

If the train moves without these pullbacks... so be it no harm done... on to the next entry.

Doing it this way will help you to filter out the false signals, and also help you to be more picky about your trades...

Hope this might help some sonickers.

Gu was a fine example today.

Regards,

H.
Attached Image(s) (click to enlarge)
Click to Enlarge Name: confirmed setups.png Size: 14 KB
Click to Enlarge Name: gu 28-01-2013.gif Size: 39 KB
"The future is already written in the past"
  • #43,466
  • Jan 28, 2013 1:54pm Jan 28, 2013 1:54pm
Very nice example, thanks for this.

Quoting hansma
Hi Sonickers.

Was asked i pm how to determine the waves for a long or short setup. This is my reply.

Also please note that the attached chart is how I look at things - I like my setups to be confirmed .... on the second pullback

to HL or LH.

If the train moves without these pullbacks... so be it no harm done... on to the next entry.

Doing it this way will help you to filter out the false signals, and also help you to be more picky about your trades...

Hope this might help some sonickers.

Gu was a fine example today.

Regards,...
  • #43,467
  • Jan 28, 2013 8:24pm Jan 28, 2013 8:24pm
EJ will continue to Upside, I am only BUY this pair before touch 127.xxx
Still not Sonic valid setup, but already Longed. Lets market decide..

Attached Image (click to enlarge)
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  • #43,468
  • Jan 28, 2013 8:39pm Jan 28, 2013 8:39pm
GU: Entered long. This is added to an existing group of longs.
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  • #43,469
  • Jan 28, 2013 9:05pm Jan 28, 2013 9:05pm
Quoting SCopier
EJ will continue to Upside, I am only BUY this pair before touch 127.xxx
Still not Sonic valid setup, but already Longed. Lets market decide..

Attachment
There is no way anyone can know which way the market will next move price. For now, there is from the PA waves and the declining dragon, more indication the market is bear than bull. If price drops down thru the Dragon and the PVT, then it could easly drop 150+ pips more.
Attached Image(s) (click to enlarge)
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Click to Enlarge Name: jan 2013 - 279.gif Size: 28 KB
  • #43,470
  • Jan 28, 2013 9:48pm Jan 28, 2013 9:48pm
Quoting SCopier
EJ will continue to Upside, I am only BUY this pair before touch 127.xxx
Still not Sonic valid setup, but already Longed. Lets market decide..

Attachment
the PA maybe retest past resisten R1 of go more up retest R2
Attached Image (click to enlarge)
Click to Enlarge Name: ej 2.gif Size: 32 KB
FROM ZERO TO HERO
  • #43,471
  • Jan 28, 2013 10:55pm Jan 28, 2013 10:55pm
Hi there, I was just wondering if anyone knew if an complete EA had been made for this system and tested? I did search through the thread and found an old EA that was made, but it didn't work.
  • #43,472
  • Jan 28, 2013 11:48pm Jan 28, 2013 11:48pm
in 5m chat show head and shoulder pattern, support by H-L-HL dragon anger down. Potential sonic R short setup
Attached Image (click to enlarge)
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FROM ZERO TO HERO
  • #43,473
  • Jan 28, 2013 11:55pm Jan 28, 2013 11:55pm
Quoting kotlt
Short AU, SL 1.0442, EP 1.0397
another bad trade, SL hit
Keep Simple...!
  • #43,474
  • Jan 28, 2013 11:57pm Jan 28, 2013 11:57pm
EJ: This is a "qualified" setup, meaning it ain't fully qualified! The Dragon is not really angled down, yet. Also, FO/LO might put price up another time, maybe backtesting the drawn TL. If that happens, a short EP might be above whole number. If not, then maybe safest below PVT, as drawn. It is recommended to wait until after the London session has begun. Why? Price moves put on then can dwarf those that preceded. You might think something is going up or down, and maybe you are right. But once the London session begins, a pullback (and a good one) can happen before that "right" move! And such a pullback can set up a new wave and a new, maybe better, EP.
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  • #43,475
  • Jan 29, 2013 12:18am Jan 29, 2013 12:18am
Quoting traderathome
EJ: This is a "qualified" setup, meaning it ain't fully qualified! The Dragon is not really angled down, yet. Also, FO/LO might put price up another time, maybe backtesting the drawn TL. If that happens, a short EP might be above whole number. If not, then maybe safest below PVT, as drawn. It is recommended to wait until after the London session has begun. Why? Price moves put on then can dwarf those that preceded. You might think something is going up or down, and maybe you are right. But once the London session begins, a pullback (and a good...
yes, agree professor TAH. PA maybe pullup to recent resisten. I fell SM is planning a BIG MOVE DOWN.
FROM ZERO TO HERO
  • #43,476
  • Jan 29, 2013 12:23am Jan 29, 2013 12:23am
Quoting kotlt
another bad trade, SL hit
You had a SL. It was not a bad trade. It was a trade that the market reversed, which is part and parcel to trading. A "bad" trade is any trade (profit or loss) where the trader malfunctioned. Sorry for the trade loss, but I admire you for your "Trader Control". It was a good trade.

Hate predictions now. However, there is the chance the market is taking this back up to some previous support, to test it as resistance. That could be the upper whole number. Or even above, I suppose.
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  • #43,477
  • Jan 29, 2013 12:34am Jan 29, 2013 12:34am
Hi master deejay or trader at home. Thx for your sharing system. It's very2 helpfull. I'm really new for testing your system. May I know for especially EURUSD how many pips usually you taken from the close breakout dragon. Is 4 pips is enough? Or more? Thx if you want to reply..... always good luck..
Consistent Is not easy but It Is must
  • #43,478
  • Jan 29, 2013 12:34am Jan 29, 2013 12:34am
Quoting Jon Reed
Hi there, I was just wondering if anyone knew if an complete EA had been made for this system and tested? I did search through the thread and found an old EA that was made, but it didn't work.
Isn't it funny! This is possibly the most simple, successful trading system at Forex Factory. And no one can make an EA for it! Guess God just wants folks to pay attention to their business, and to do "hands on" work for their money! And those that do, are rewarded in kind.
  • #43,479
  • Jan 29, 2013 1:29am Jan 29, 2013 1:29am
Quoting traderathome
EJ: This is a "qualified" setup, meaning it ain't fully qualified! The Dragon is not really angled down, yet. Also, FO/LO might put price up another time, maybe backtesting the drawn TL. If that happens, a short EP might be above whole number. If not, then maybe safest below PVT, as drawn. It is recommended to wait until after the London session has begun. Why? Price moves put on then can dwarf those that preceded. You might think something is going up or down, and maybe you are right. But once the London session begins, a pullback (and a good...
Waiting for LO myself. After our friend Andy blew his account, it reminded me of my past failures that were because of poor money management and taking half-complete signals. I'll be walking the strait and narrow from here on out.
Currency is a joke. And that's precisely why I trade it.
  • #43,480
  • Jan 29, 2013 1:47am Jan 29, 2013 1:47am
Quoting traderathome
AU: Entered long. This adds to other open long trades to be closed in the future.
AU: Manually closed for 52 pips gain, EP5 to TP1. Was going to hold this longer. Thinking a retrace is likely. Might add again if that happens.
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