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Sonic R. System

  • #64,501
  • Jan 23, 2014 1:49pm Jan 23, 2014 1:49pm
Quoting Cinwinston
{quote} GOSH that was long... That did saved your butt, such a relieve eh. Carry trade charges? {image} {image}
Ha! The swaps on my CAD short trade will make up for them, once I close that for profit.
  • #64,502
  • Jan 23, 2014 2:53pm Jan 23, 2014 2:53pm
Quoting JRissa
{quote} May I ask an explanation why you are watching these levels?
I promised an explanation: it comes from applying Elliott Wave Theory (EWT) I do not advertise here intentionally. But the reason comes from EWT, clearly a fifth wave of an impulsive wave was under development (see blue wave) according to EWT. My post was sent right before the break-out from blue wave4.

The pic below shows a possible scenario for the next couple of sessions (see the dark green wave). Something similar may be under development if 1.655 holds. PVSRA can be used for confirmation.
Attached Image (click to enlarge)
Click to Enlarge Name: GU_012314_h1.gif Size: 47 KB
Mind the gap
  • #64,503
  • Jan 23, 2014 3:04pm Jan 23, 2014 3:04pm
Quoting marcnathan88
Good day to all Sonicers my first post here. I'm currently practicing/demo trading using the Sonic R . System. I've already read many pages and still continuing to read more to learn more. Those that I've read already were enough for me to understand the system and get the grasp of it. It really is true that the system is simple. But I know I still need to learn more. I just want to ask you something SaiLyfee. How did you get the daily pivots to display. Hope you can reply and teach me how you did it. Thanks. {quote}
Here ya go
Attached File(s)
File Type: pdf Indicator-GSG-for-Lazy-Sonicers.pdf   711 KB | 1,060 downloads
  • #64,504
  • Jan 23, 2014 3:09pm Jan 23, 2014 3:09pm
Quoting Sunbrella
{quote} I promised an explanation: it comes from applying Elliott Wave Theory (EWT) I do not advertise here intentionally. But the reason comes from EWT, clearly a fifth wave of an impulsive wave was under development (see blue wave) according to EWT. My post was sent right before the break-out from blue wave4. The pic below shows a possible scenario for the next couple of sessions (see the dark green wave). Something similar may be under development if 1.655 holds. PVSRA can be used for confirmation. {image}
Really nice explanation! Thank you, appreciate it!

I myself have also read lot of elliotts wave theory, but I have to admit that I haven't got grasp on that. I find it very hard to read waves and count them. I "see" market with my own way...
I know the secret...
  • #64,505
  • Jan 23, 2014 3:15pm Jan 23, 2014 3:15pm
EURUSD closed long scout
Attached Image (click to enlarge)
Click to Enlarge Name: eurusdm1523012014.png Size: 124 KB
  • #64,506
  • Jan 23, 2014 3:17pm Jan 23, 2014 3:17pm
Quoting FXRobert
EURUSD closed long scout {image}
Well done, nice entry points
Whatever is obvious is obviously wrong!"
  • #64,507
  • Jan 23, 2014 3:26pm Jan 23, 2014 3:26pm
Quoting loeil
{quote} Well done, nice entry points

Thx You, TAH and Sonic and Tymedu
  • #64,508
  • Jan 23, 2014 3:32pm Jan 23, 2014 3:32pm
Quoting JRissa
{quote} Really nice explanation! Thank you, appreciate it! I myself have also read lot of elliotts wave theory, but I have to admit that I haven't got grasp on that. I find it very hard to read waves and count them. I "see" market with my own way...
You are welcome. Yes, it is a long and winding road to make EWT working in practice - the good news is that EWT is completely unnecessary for trading.

But EWT puts PA in context and offers very simple and useful tools for successful trading - tools valuable enough for anyone even if one doesn't know/use EWT at all.

Worth reading the book "How to spot trading opportunities" from Jeffrey Kennedy who demonstrates very simple techniques anyone can use in practice. Simply skip the EWT related chapters at the beginning though EWT is the "engine" behind.
Mind the gap
  • #64,509
  • Jan 23, 2014 4:22pm Jan 23, 2014 4:22pm
Gd Morning Sonikers. Today has less new release except medium impact GBP news. I am still holding GBPJPY shorts with SL @ BE..tricky week we had..Read More .. think more..

Sonic
  • #64,510
  • Edited 5:02pm Jan 23, 2014 4:27pm | Edited 5:02pm
Quoting sonicdeejay
Gd Morning Sonikers. Today has less new release except medium impact GBP news. I am still holding GBPJPY shorts with SL @ BE..tricky week we had..Read More .. think more.. Sonic
Let's complete the thought:

.. Read More .. think more .. sit on hands .. be patient .. trade less .. enjoy it more ..

Now that the thought is complete, we ought to send it over to loeil, the Sonicer that continuously throws out trades, 50+ per pair, or whatever it takes for the MMs to stop twitching!
  • #64,511
  • Jan 23, 2014 5:19pm Jan 23, 2014 5:19pm
Quoting Sunbrella
{quote} You are welcome. Yes, it is a long and winding road to make EWT working in practice - the good news is that EWT is completely unnecessary for trading. But EWT puts PA in context and offers very simple and useful tools for successful trading - tools valuable enough for anyone even if one doesn't know/use EWT at all. Worth reading the book "How to spot trading opportunities" from Jeffrey Kennedy who demonstrates very simple techniques anyone can use in practice. Simply skip the EWT related chapters at the beginning though EWT is the "engine"...
Too much types of analysis one knows can temper with your analysis for accurate trade. I guess..
Attached File(s)
File Type: pdf BarPatterns.pdf   923 KB | 6,590 downloads

Attached File(s)
File Type: pdf ultimate-tech-analysis-handbook.pdf   3.8 MB | 1,442 downloads

Attached File(s)
File Type: pdf WavePrincipleApplied-1.pdf   1.7 MB | 3,635 downloads
When in doubt, Go fking sleep.
  • #64,512
  • Jan 23, 2014 5:33pm Jan 23, 2014 5:33pm
Quoting Cinwinston
{quote} Too much types of analysis one knows can temper with your analysis for accurate trade. I guess.. {image} {image} {image}
Thanks, will check those out
  • #64,513
  • Edited 8:55pm Jan 23, 2014 8:20pm | Edited 8:55pm
Pre-LS E/C Classic Short
TP would like to at least see the MS2 area, no SL for now
Attached Image (click to enlarge)
Click to Enlarge Name: sonicrec.png Size: 47 KB

Edit: Kinda interesting to see the stopping volume on the Daily chart for the last day is the highest its been in over a year
Attached Image (click to enlarge)
Click to Enlarge Name: vole.png Size: 12 KB
  • #64,514
  • Jan 23, 2014 9:21pm Jan 23, 2014 9:21pm
Quoting FXRobert
EURUSD closed long scout {image}
Great trade u had..

Sonic
  • #64,515
  • Jan 23, 2014 11:17pm Jan 23, 2014 11:17pm
No matter how strong we are in analysis technical/trend indicators, MMs can do whatever they want... this is how AU is performing...salute to MMs
  • #64,516
  • Jan 23, 2014 11:18pm Jan 23, 2014 11:18pm
Must have read something wrong. Stopped out for AU
I want more brain power!
  • #64,517
  • Jan 23, 2014 11:30pm Jan 23, 2014 11:30pm
Those who have AU long.. becareful.. do not average your loser..


Sonic
  • #64,518
  • Jan 24, 2014 12:08am Jan 24, 2014 12:08am
Quoting sonicdeejay
Those who have AU long.. becareful.. do not average your loser.. Sonic

What do you mean by this? I don't understand
  • #64,519
  • Jan 24, 2014 12:37am Jan 24, 2014 12:37am
AU - I don't know what I missed. Anyway I'm sure, it is long buildings there. Exactly the same thing happened with EU too, I was sure it was an accumulation, MMs brought the price through the accumulation and then rallies up. I don't see any short building there, maybe I need glasses

Anyway I'm holding my longs.
Attached Image (click to enlarge)
Click to Enlarge Name: audusdh1.png Size: 24 KB
Whatever is obvious is obviously wrong!"
  • #64,520
  • Jan 24, 2014 12:49am Jan 24, 2014 12:49am
Quoting MrAmazing
AU D1 Spring? I doubt it. {image} AU H1 Still boxing in yellow box. {image} Need more confirmation to change my bias to long. In an hour there is AU High Impact News. Wait and see.
Quoting MrAmazing
{quote} AU, same like EU. This is now in accumulation, maybe for more short. Yesterday Price bring us to tested resistance H4 MA89. Price now is in critical area. If it hold, then it is a good scout entry for long, otherwise maybe it's a good idea to have stop loss. {image}
Attached Image (click to enlarge)
Click to Enlarge Name: AU.png Size: 61 KB


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