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Sonic R. System

  • #80,781
  • Apr 24, 2015 2:47am Apr 24, 2015 2:47am
Quoting leentjai
{quote} Opened Scout short GBP/NZD {image}
Closed Short GBP/NZD -86 p average....
  • #80,782
  • Apr 24, 2015 4:16am Apr 24, 2015 4:16am
Opened Short Scout AUD/USD
Attached Image (click to enlarge)
Click to Enlarge Name: audusd-m15-2404o.png Size: 66 KB
  • #80,783
  • Apr 24, 2015 4:33am Apr 24, 2015 4:33am
EU Long entry TH15m.
TH4h for clearer TP & SL.
Attached Image(s) (click to enlarge)
Click to Enlarge Name: EURUSDH4.png Size: 54 KB
Click to Enlarge Name: EURUSDM15.png Size: 40 KB
patient....
  • #80,784
  • Apr 24, 2015 4:42am Apr 24, 2015 4:42am
Hi all!

Just started forex trading a couple of days and still trying to understand this system, with the help of all the PDF given and comments in this forum...

Have entered a few trades using classic and find it pretty useful and reliable. Thanks Sonic and co..

I did a trade yesterday on AUDCAD. It was a late entry though, (i should have entered much earlier at 0.9482 thereabouts). Regardless what, i did a paper entry in 0.9465 and now, it appears to be in consolidating @ current price of 0.94475.

My SL @ 0.95157 and TP @ 0.94115

I hope i am correct to enter a short trade based on the downward trending...

Any comment or advice i could be given based on this entry?

http://img.photobucket.com/albums/v5...UDCAD-2304.jpg
http://img.photobucket.com/albums/v5...UDCAD-2404.jpg
  • #80,785
  • Edited 8:14am Apr 24, 2015 5:37am | Edited 8:14am
Quoting Fisher755
{quote} Opened 2 positions, 1 closed and second SL close to BE. {image}
Nice surprise when I came back home- GBPJPY 2. TP hit.

Attached Image (click to enlarge)
Click to Enlarge Name: GBPJPYH4 2.png Size: 98 KB


Quoting goatee33
Hi all! Just started forex trading a couple of days and still trying to understand this system, with the help of all the PDF given and comments in this forum... Have entered a few trades using classic and find it pretty useful and reliable. Thanks Sonic and co.. I did a trade yesterday on AUDCAD. It was a late entry though, (i should have entered much earlier at 0.9482 thereabouts). Regardless what, i did a paper entry in 0.9465 and now, it appears to be in consolidating @ current price of 0.94475. My SL @ 0.95157 and TP @ 0.94115 I hope i am correct...
Goatee33,

Entry can be ok, IMO, but I would move the SL closer, since it is the next day..
Maybe someone more expirienced can comment later.. But you should save the charts to your PC at first, and then upload, visibility is terrible, you cannot enlarge it.
Welcome to the family, and practice , practice..
PVSRA
  • #80,786
  • Edited 6:21am Apr 24, 2015 5:54am | Edited 6:21am
Quoting goatee33
Hi all! Just started forex trading a couple of days and still trying to understand this system, with the help of all the PDF given and comments in this forum... Have entered a few trades using classic and find it pretty useful and reliable. Thanks Sonic and co.. I did a trade yesterday on AUDCAD. It was a late entry though, (i should have entered much earlier at 0.9482 thereabouts). Regardless what, i did a paper entry in 0.9465 and now, it appears to be in consolidating @ current price of 0.94475. My SL @ 0.95157 and TP @ 0.94115 I hope i am correct...
Hi and welcome Goatee.

I am still new as well and have a lot of learning to do but your entry seems ok. You are right about the price now consolidating and if you take a look at the H4 chart you will see the price is now at a level where orders have been closed/opened previously and a trend reversal. I am not saying this is going to happen but its definitely worth taking into consideration.

Attached Image (click to enlarge)
Click to Enlarge Name: AUDCADH4.png Size: 152 KB


All the best.
  • #80,787
  • Apr 24, 2015 6:38am Apr 24, 2015 6:38am
Quoting Fisher755
{quote} GREAT JOB, qFish! You give me and every new sonicer a hope, that in few years (practice, practice) we can do the same.. ( If I am slow, then maybe 4 years.) All this green looks amazing, thanks for sharing! Tah- I Will help Marijan, I had the same problems in the start- the language and computer skills can be an obstacle. Thank you for your patience.
It's only been a month so it's still too early to tell. But thanks! Hopefully I can keep this up. Not for everyone though as you have to be very patient, and sometimes get out near break even for long trades. But patience and greed control are the hardest obstacles. Emotion. You just gotta keep going and you will find what works for you.
insanity: Doing the same thing over... and expecting different results -AE
  • #80,788
  • Apr 24, 2015 7:01am Apr 24, 2015 7:01am
Quoting qFish
{quote} It's only been a month so it's still too early to tell. But thanks! Hopefully I can keep this up. Not for everyone though as you have to be very patient, and sometimes get out near break even for long trades. But patience and greed control are the hardest obstacles. Emotion. You just gotta keep going and you will find what works for you.
qFish,
I agree with you, but the question is, when should we stop? I am holding onto a bad trade.. At least I lowered the position size.. Bad, Bad trade, should do exactly the opposite..

Attached Image (click to enlarge)
Click to Enlarge Name: EURUSDH4 24.4..png Size: 116 KB


It is the perfect example of trying to predict the future turning out bad!
PVSRA
  • #80,789
  • Apr 24, 2015 7:13am Apr 24, 2015 7:13am
Quoting Fisher755
{quote} qFish, I agree with you, but the question is, when should we stop? I am holding onto a bad trade.. At least I lowered the position size.. Bad, Bad trade, should do exactly the opposite.. {image} It is the perfect example of trying to predict the future turning out bad!
I would say if the H4 does not have S/R in your favor, then get out at a small retrace to minimize loss. Also, I have a set size and spacing that my account can handle with large retraces in HTFs. The 50 and 61.8 fib retraces are very common and good exit points.
insanity: Doing the same thing over... and expecting different results -AE
  • #80,790
  • Apr 24, 2015 7:30am Apr 24, 2015 7:30am
Quoting qFish
{quote} I would say if the H4 does not have S/R in your favor, then get out at a small retrace to minimize loss. Also, I have a set size and spacing that my account can handle with large retraces in HTFs. The 50 and 61.8 fib retraces are very common and good exit points.
I put a SL above the whole number, to make an end of this terrible "experiment".
Will trade only classic for a while, quick in and out..

Attached Image (click to enlarge)
Click to Enlarge Name: EURUSDM15 24.4..png Size: 86 KB


The funny thing is, if you watch 15M chart, you see many classic long entries.. but that is of course after the battle.
PVSRA
  • #80,791
  • Apr 24, 2015 7:41am Apr 24, 2015 7:41am
Quoting Pent56
{quote} Hi and welcome Goatee. I am still new as well and have a lot of learning to do but your entry seems ok. You are right about the price now consolidating and if you take a look at the H4 chart you will see the price is now at a level where orders have been closed/opened previously and a trend reversal. I am not saying this is going to happen but its definitely worth taking into consideration. {image} All the best.
Thanks Pent56 for your kind reply.

I am crossing my fingers in hoping a downtrend bias as i could see H, L, LH indication in H4 TF.

Probably i would close it before close for weekend. Not assuring to hold it across weekend.

Cheers!
  • #80,792
  • Apr 24, 2015 7:44am Apr 24, 2015 7:44am
Long GBPJPY entry closed +84.8 pips
Attached Image (click to enlarge)
Click to Enlarge Name: GBPJPYM15_24-4-15.png Size: 67 KB
  • #80,793
  • Apr 24, 2015 7:46am Apr 24, 2015 7:46am
Quoting Fisher755
{quote} Nice surprise when I came back home- 2. TP hit. {image} {quote} Goatee33, Entry can be ok, IMO, but I would move the SL closer, since it is the next day.. Maybe someone more expirienced can comment later.. But you should save the charts to your PC at first, and then upload, visibility is terrible, you cannot enlarge it. Welcome to the family, and practice , practice..
Thanks Fisher755 for your kind input.

I am using photobucket to upload the image..Probably, i should try other means to do the uploading.
  • #80,794
  • Apr 24, 2015 7:52am Apr 24, 2015 7:52am
Quoting traderathome
GBPJPY Long Trade Open: Classic, pre-LS (somewhat riskier), and not yet properly stacked. No TP, SL, but consider the next upper whole Level area a possibility today. Both RDH and RWH are also up there. {image}
GBPJPY Long Trade Closed:

Closed for gain of 100 pips average, 2,000 pips total.
Attached Image (click to enlarge)
Click to Enlarge Name: Apr 2015 - 068.png Size: 33 KB
  • #80,795
  • Apr 24, 2015 7:54am Apr 24, 2015 7:54am
USDJPY +24 pips
NZDUSD +20 pips
AUDUSD +39 pips
EURUSD +44 pips

Time for rest. Have a nice weekend.

Demarko
Attached Image(s) (click to enlarge)
Click to Enlarge Name: 24.04.2015.USDJPYM15.png Size: 80 KB
Click to Enlarge Name: 24.04.2015.NZDUSDM15.png Size: 84 KB
Click to Enlarge Name: 24.05.2015.AUDUSDM15.png Size: 90 KB
Click to Enlarge Name: 24.04.2015.EURUSDM15.png Size: 80 KB
'Simplicity is the ultimate sophistication'
  • #80,796
  • Edited 9:23am Apr 24, 2015 8:03am | Edited 9:23am
Hi all..

I hit another short entry on EURUSD

My claim is based on the declining volume on H1 TF (referring to step 3 of Chapter 3: Application)

So i switch back to lower TF of M15 and saw classic setup, and i execute it.

Any comment please?
Attached Image(s) (click to enlarge)
Click to Enlarge Name: 24APRFL_EURUSDH1.png Size: 65 KB
Click to Enlarge Name: 24APRFL_EURUSDM15.png Size: 54 KB
  • #80,797
  • Apr 24, 2015 8:35am Apr 24, 2015 8:35am
Quoting traderathome
{quote} GBPJPY Long Trade Closed: Closed for gain of 100 pips average, 2,000 pips total. {image}
Very nice Tah! GBPJPY has always been a beast. I'm still shy to tame the dragon .
insanity: Doing the same thing over... and expecting different results -AE
  • #80,798
  • Apr 24, 2015 8:40am Apr 24, 2015 8:40am
Quoting goatee33
Hi all.. I hit another short entry on EURUSD My claim is based on the declining volume on H1 TF (referring to step 3 of Chapter 3: Application) So i switch back to lower TF of M15 and saw classic setup, and i execute it. Any comment please? {image} {image}
EURUSD

goatee33,

Two comments:
1. M15 is stacked for long move, not a short move. Yes, could have sudden reversal, but least likely on last day of week.
2. Per Post 1 posting etiquette instructions, you are supposed to post a full size chart showing everything! Please edit your post to comply.

-tah
Attached Image (click to enlarge)
Click to Enlarge Name: Apr 2015 - 069.png Size: 33 KB
  • #80,799
  • Apr 24, 2015 9:32am Apr 24, 2015 9:32am
Quoting traderathome
{quote} EURUSD goatee33, Two comments: 1. M15 is stacked for long move, not a short move. Yes, could have sudden reversal, but least likely on last day of week. 2. Per Post 1 posting etiquette instructions, you are supposed to post a full size chart showing everything! Please edit your post to comply. -tah {image}
Dear tah

Thanks for your input.

Have re-edit the chart sizing as per page 1 post 1...

The entry may be a few candles late...but could it be consider as classic entry? I thought so as the entry was placed below the dragon. Is my definition for the volume in H1 TF incorrect?
  • #80,800
  • Apr 24, 2015 9:33am Apr 24, 2015 9:33am
EURUSD Alert

This move down looks like a liquidity creation move, the liquidity being obtained by stopping out longs and deceiving in shorts.

There was much activity as price rose earlier today; presumed buying initiated activity, but not followed with enough topping volume to suggest the closing of longs and switching to shorts. There is not enough topping volume in the US session, either. And, the range is far from being run through to completion. All this suggests more upside is coming. The questions are, will more upside come today? Are the MMs now filling long orders for US session SM?
Attached Image (click to enlarge)
Click to Enlarge Name: Apr 2015 - 070.png Size: 30 KB
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