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Sonic R. System

  • #73,201
  • Jun 13, 2014 8:10am Jun 13, 2014 8:10am
I have two classic longs placed on UJ that I may be willing to hold over the weekend. There has been signs of reversal with price now being supported above the whole number.
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  • #73,202
  • Edited 5:06pm Jun 13, 2014 8:29am | Edited 5:06pm
By the time I'd slept, got up and went to work and come home again, GBPAUD had already triggered my BuyStop order and moved into the green. However, I still managed to add another EP before going out for dinner. Upon my return some very bearish candles prompted me to close and take profits:
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  • #73,203
  • Jun 13, 2014 9:36am Jun 13, 2014 9:36am
Quoting traderathome
GBPUSD Short Trade Opened: Classic entry. Here too, nice PA waves with notable activity at highs and coming down off of highs. No TP at this time. {image}
GBPUSD Short Trade Closed:

Closed for 581 pips gain. Added two more Classics and a Scout after initial entry. Forgot to post the closing of this trade when I closed it.
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  • #73,204
  • Jun 13, 2014 9:52am Jun 13, 2014 9:52am
Quoting traderathome
{quote} GBPUSD Short Trade Closed: Closed for 581 pips gain. Added two more Classics and a Scout after initial entry. Forgot to post the closing of this trade when I closed it. {image} {image}
Prof.Tah,

You always got lots of awesome trades going on!
Nice entries and closing of position.
I need to brush up my skills to pick up those opportunity like your "Hawk Eye" did.

Have a nice weekend.
-AdrianC.
  • #73,205
  • Jun 13, 2014 10:01am Jun 13, 2014 10:01am
Quoting AdrianC
{quote} Prof.Tah, You always got lots of awesome trades going on! Nice entries and closing of position. I need to brush up my skills to pick up those opportunity like your "Hawk Eye" did. Have a nice weekend. -AdrianC.
AdrianC,

Not so "Hawk Eye" on that GU short trade. It was only beginning to start down when I closed it.
  • #73,206
  • Edited 2:03pm Jun 13, 2014 1:05pm | Edited 2:03pm
Anyone trade AUD/USD at the moment?! I have still open two positions..
what would you.. ladies and gentleman to do in this situation?!

Opened threed scout..closed trades before market closed or hold an hope for a positive GAP?!

PS. Market closed ..spread jumped up 3.00 to 9.30

Nice WeekEnd
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  • #73,207
  • Jun 13, 2014 1:28pm Jun 13, 2014 1:28pm
[quote=Blanka;7535666]Anyone trade AUD/USD at the moment?! I have still open two positions.. what would you.. ladies and gentleman to do in this situation?! Opened threed scout..closed trades before market closed or hold an hope for a positive GAP?! Nice WeekEnd {image}

I'll hold my short till next week.

Have a nice weekend.
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Forex losses teach a trader - not the Forex profits (Linda Raschke)
  • #73,208
  • Jun 13, 2014 2:48pm Jun 13, 2014 2:48pm
[quote=vytas;7535687]
Quoting Blanka
Anyone trade AUD/USD at the moment?! I have still open two positions.. what would you.. ladies and gentleman to do in this situation?! Opened threed scout..closed trades before market closed or hold an hope for a positive GAP?! Nice WeekEnd {image} I'll hold my short till next week. Have a nice weekend. {image}
AUD usd will move next week for sure, No idea where.. US mm are bears as u can see when the market is closing the bear bar show who is there.. i think last week happened this on GU and then it went back and the us short it down.. SO if u wanna wait wait for a fed it should move all us pairs u will see the volume before the news will tell you
Build your own dreams, or someone else will hire you to build theirs.
  • #73,209
  • Jun 13, 2014 3:46pm Jun 13, 2014 3:46pm
Quoting Blanka
Anyone trade AUD/USD at the moment?! I have still open two positions.. what would you.. ladies and gentleman to do in this situation?! Opened threed scout..closed trades before market closed or hold an hope for a positive GAP?! PS. Market closed ..spread jumped up 3.00 to 9.30 Nice WeekEnd {image}
I'll hold my short till next week.
Have a nice weekend. !
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  • #73,210
  • Jun 13, 2014 7:20pm Jun 13, 2014 7:20pm
Quoting traderathome
{quote} AdrianC, Not so "Hawk Eye" on that GU short trade. It was only beginning to start down when I closed it.
Tah,

But yet, still +5xx pips~
And nice classic entry + a scout above whole number during pull back. Nice timing.

-AdrianC.
  • #73,211
  • Jun 14, 2014 2:27am Jun 14, 2014 2:27am
Hi tah and many other experts of Sonic System,

this is my first post in this thread used this system before but now i m seriously doing hard work to understand it.. can you please have a look at my chart and my analysis? according to rules if previous low breaks then you can buy at first low in the picture price is forming higher high and lower high.. please correct me if i am wrong. i think EJ is going up ... what you think about it?
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  • #73,212
  • Jun 14, 2014 5:02am Jun 14, 2014 5:02am
Quoting gusetch
{quote} Gupito Thanks a lot for your great material posted (this and previous articles). Take care GEM
You're welcome... Just doing what I can to help the other...
Regards,
Gupito Poernawan
It's all started from page one
  • #73,213
  • Edited 4:27pm Jun 14, 2014 4:16pm | Edited 4:27pm
Quoting xetrader
Hi tah and many other experts of Sonic System, this is my first post in this thread used this system before but now i m seriously doing hard work to understand it.. can you please have a look at my chart and my analysis? according to rules if previous low breaks then you can buy at first low in the picture price is forming higher high and lower high.. please correct me if i am wrong. i think EJ is going up ... what you think about it? {image}
EURJPY:

Price has dropped into a range. Because the most recent notable activity in this range is at the highs, the MMs could be bears. That move up was up thru a half number, which is a PVSRA indication the MMs are bears. And, the overall trend is down, as you can see. However, Friday EU (not EJ) looked like the MMs were accumulating long orders, as if preparing it for a run back up a ways. If EU goes up, EJ might go up too, The question is, how high? EU might go up, but not far. EJ might therefore go up, but not far. If EJ goes up, it might simply be a head fake move up thru the top of the range, but only as a head fake, and then come back down. EU is overall bearish, and until something changes with the YEN, if EU goes up and then comes back down, I would expect EJ might do the same, but the move up could be traded if it sets up with a proper long Classic setup. I do not hold much hope for EJ being bullish overall though. Just the opposite.
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  • #73,214
  • Jun 14, 2014 9:13pm Jun 14, 2014 9:13pm
Quoting traderathome
{quote} EURJPY: Price has dropped into a range. Because the most recent notable activity in this range is at the highs, the MMs could be bears. That move up was up thru a half number, which is a PVSRA indication the MMs are bears. And, the overall trend is down, as you can see. However, Friday EU (not EJ) looked like the MMs were accumulating long orders, as if preparing it for a run back up a ways. If EU goes up, EJ might go up too, The question is, how high? EU might go up, but not far. EJ might therefore go up, but not far. If EJ goes up, it...
Thanks TAH.. really appreciate your kindness. I really did not checked out high time-frames so thats why i did not notice this support became resistance. i will keep in mind
  • #73,215
  • Edited 9:24am Jun 15, 2014 5:26am | Edited 9:24am
Macd of the dragon parameters can help reduce the drawdown being currently experienced on the scout usdcad tah long. By waiting till the macd having dragon parameters reaches overbought/oversold some hrs(say 4hrs) before news of the concerned pair before scout entry.
Know News/time; WAIT for Edge Entries, MPLC Normalization, Exits & TP's..
  • #73,216
  • Jun 15, 2014 5:48am Jun 15, 2014 5:48am
Quoting princefred
Macd of the dragon parameters can help reduce the drawdown being currently experienced on the scout usdcad tah long. By waiting till the macd of dragon parameters to reach overbought on some hrs before news of the concerned pair.
with a respect sir, I don't get what you talked about. Post a chart with your opinion may help the other to understand your analysis maybe? By doing that, it will positively contribute to us...
Regards,
Gupito Poernawan
It's all started from page one
  • #73,217
  • Jun 15, 2014 7:25am Jun 15, 2014 7:25am
GJ had a slow mo green week... if u r bullish just be careful..if u are bearish ..be patient..


Sonic
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  • #73,218
  • Jun 15, 2014 7:49am Jun 15, 2014 7:49am
USDCAD
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  • #73,219
  • Edited 9:39am Jun 15, 2014 9:17am | Edited 9:39am
Quoting princefred
Macd of the dragon parameters can help reduce the drawdown being currently experienced on the scout usdcad tah long. By waiting till the macd of dragon parameters to reach overbought on some hrs before news of the concerned pair.
princefred,

Your post makes no sense. Besides, "No pic., no post!" If you want to put forth an opinion then you'd better do a better job then just throwing out some unsubstantiated statements.

The MACD of anything has nothing to do with this (or anything else, really) because MACD is just another price derivative, which is why don't use it! What matters here is the trader jumping the gun or not jumping the gun before the MMs provide better and stronger clues via price action, volume and S&R (PVSRA).

In the case of the USDCAD long trade, I simply should have paid more attention to the SonicR H1 chart, and given PA more time. By this H1 chart, it is still not ready, but we do have higher HLs, which means stalking a Classic long setup in the new week would likely be more fruitful than when I first entered. Still, we can never know how the price will move next. You can see from my USDCAD trade entry post that it was not a Classic entry. It was a long Scout entry when price shot down to previous lows (http://www.forexfactory.com/showthre...71#post7522871). I stuck with this long trade because PVSRA has been indicating the MMs are bull for several weeks now. They have been depressing the price to accumulate longs. I will wait them out and my long trade will become profitable. They could have reversed price much earlier. My long entry might have already become profitable. This is a matter of not ever being able to know with certainty how the MMs will move price next. And no MACD will ever provide the answer - NOT EVER! It is sufficient to know if the MMs are bulls or bears, and except in rare cases, just wait them out if the first entry does not pan out. That becomes a matter of money management. Yes, in this case I'd have been better off closing for a modest loss instead of adding at new significant lows, and waiting for a Classic long setup. But, as it is, my trade is only 38 pips away from being profitable, which is less than a day's range.
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  • #73,220
  • Jun 15, 2014 9:45am Jun 15, 2014 9:45am
Quoting Gupito1508
{quote} with a respect sir, I don't get what you talked about. Post a chart with your opinion may help the other to understand your analysis maybe? By doing that, it will positively contribute to us... Regards, Gupito Poernawan
Gupito,

He just unsubscribed to the Sonic R. System thread and went to another:
http://www.forexfactory.com/showthre...92#post7536892

I think he thinks things are easier than they really are. He never posts any real time trades and is obviously still unsettled into any trading style, if he trades at all.
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