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Old School Sonic System + Other Things

  • #1
  • First Post: Edited May 5, 2013 12:57am May 1, 2013 1:33am | Edited May 5, 2013 12:57am
Hi guys,

I'll be posting live trades that I take using Sonic system and a couple of other systems. All trades taken are based on basic technical analysis. That being, support and resistance, Elliot Waves and a dash of volume.

I mainly trade on the 15 minute time frame but also trade on the longer time frames should the opportunity present.

The aim of this thread is to show how I will achieve a ROI of 25% for the period May to 31st December 2013. It will help in keeping me accountable and may also help someone along the way.

Feel free to post any thoughts.
  • #2
  • May 1, 2013 2:13am May 1, 2013 2:13am
My first small trade for today (1% risked) is on the Aussie. Possibly a little late. After failing to push past 1.0385 on the second attempt it has headed south.

EP - 1.0352 SL - 1.0390 TP - Half position at 1.0331 and other half trailing by 30 pips.

I'm also looking at shorting the euro should some decent PA eventuate.
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  • #3
  • May 1, 2013 8:32am May 1, 2013 8:32am
Quoting FXaddicted
My first small trade for today (1% risked) is on the Aussie. Possibly a little late. After failing to push past 1.0385 on the second attempt it has headed south. EP - 1.0352 SL - 1.0390 TP - Half position at 1.0331 and other half trailing by 30 pips. I'm also looking at shorting the euro should some decent PA eventuate. {image}
Great start to the journal. Built into the position and doubled my exposure to AUDUSD and had a nibble going long GBPUSD. Both have made some decent profit. Will share my myfxbook linked page shortly.
  • #4
  • May 1, 2013 10:04am May 1, 2013 10:04am
Quoting FXaddicted
My first small trade for today (1% risked) is on the Aussie. Possibly a little late. After failing to push past 1.0385 on the second attempt it has headed south. EP - 1.0352 SL - 1.0390 TP - Half position at 1.0331 and other half trailing by 30 pips. I'm also looking at shorting the euro should some decent PA eventuate. {image}
nice trade mate
i just TP on same trade @ 1.0285
  • #5
  • May 2, 2013 8:04am May 2, 2013 8:04am
Another great session trading. I went long EUR/JPY after it found some decent support at around 127.75. I collected 160 odd pips. You can track my trading here:https://www.myfxbook.com/portfolio/f...estment/561191
  • #6
  • May 4, 2013 11:18pm May 4, 2013 11:18pm
So I made some great returns trading week. I returned 4.22% for the week. This was just using simple sonic wave setups on the 15 minute time frame. The pairs I traded this week using the Sonic System were the AUDUSD, GBPUSD and USDCHF. I also took a small trade on the EURJPY when it found strong support on the 15 min chart with strong accumulation and volume occurring at those levels. This was a handy trade netting me 150 odd pips or roughly 1.2%.

I'll endeavor to post more charts next week so we can really generate discussion on setups and outcomes.

Also, check out my trading results at http://www.myfxbook.com/members/Fine...estment/561191
I'm posting the link, so you know it's the real deal and by putting myself 'out there' I am so much more accountable.

Have a great weekend guys.
  • #7
  • May 6, 2013 3:40am May 6, 2013 3:40am
Quite a simple trade to start the day. I'm entering GBP/USD at current levels on the basis of a classic sonic trade.

I'm also taking a small trade shorting EUR/JPY at levels of high resistance in a small scalp trade.

I'm looking to buy AUD/USD sometime today. Preferably at around long term support of 1.02ish and the bottom of the range. I don't think the RBA will cut rates tomorrow and I'd like to take some small exposure going in to that...
  • #8
  • May 6, 2013 3:41am May 6, 2013 3:41am
Here's the chart. Keeping it simple.
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  • #9
  • May 6, 2013 9:38am May 6, 2013 9:38am
First tp hit on the GBP/USD short +32 pips and letting the other half run, trailing stop of 25 pips.

The EUR/JPY short at resistance is currently 45 pips up. Trailing that by 30 pips.

Bought some Aussie down at 1.0220. After hitting support at 1.0210. Looking for this to head higher tomorrow if the RBA keeps rates unchanged which I suspect will happen.
  • #10
  • Mar 4, 2014 10:38pm Mar 4, 2014 10:38pm
Quoting FXaddicted
My first small trade for today (1% risked) is on the Aussie. Possibly a little late. After failing to push past 1.0385 on the second attempt it has headed south. EP - 1.0352 SL - 1.0390 TP - Half position at 1.0331 and other half trailing by 30 pips. I'm also looking at shorting the euro should some decent PA eventuate. {image}

Hello, Fxaddicted, I am a newbiz and is just learning about this Sonic R system. After I went to post 1, I still could not find out what ios the ma/ema being used

in the above chart as stated in the set-up, could you kindly please explain to me the basic chart set-up and which post , IO could find it, thank you, happy trading.
  • #11
  • Oct 18, 2014 11:17pm Oct 18, 2014 11:17pm
Quoting francis3388
{quote} Hello, Fxaddicted, I am a newbiz and is just learning about this Sonic R system. After I went to post 1, I still could not find out what ios the ma/ema being used in the above chart as stated in the set-up, could you kindly please explain to me the basic chart set-up and which post , IO could find it, thank you, happy trading.
I also have a similar question. Please help our to find the basic setup,
  • #12
  • Last Post: Nov 2, 2014 1:37pm Nov 2, 2014 1:37pm
Don't bother with the sonic system it is complete garbage, they hold massive draw downs and just average into losing positions, the basic entry is a joke having you enter right at resistance when you should be entering at support and don't even get me started on tick volume

Maybe they have an ulterior motive in teaching newbs how to trade like crap, you will not find any veterans in that thread other then the 2 proponents of this sham.

It is a road to nowhere.
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