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ddaytrader replied Dec 15, 2009Yes, that was another classic Rastaman post that should never have been posted: SonicR is about S/R, Highs/Lows, and waves, and Rastaman is focused on CCI and tunnel slopes and indicators, indicators, indicators and thus far has failed to see the ...
Sonic R. System
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ddaytrader replied Dec 15, 2009There you go again. New Sonikers, please trade the waves and watch the dragon, and you will be fine. Rastaman from six months ago: Sonic's answer: The indicators are mere tools. The SonicR system is about support and resistance, Highs and Lows, ...
Sonic R. System
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ddaytrader replied Dec 15, 2009Basber! It's great to hear from you. I know things are not always easy where ou are I worry for you and your family. I'm looking forward to your return to the thread. All the best, -DD
Sonic R. System
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ddaytrader replied Dec 15, 2009Because the Dragon will keep us safer. If you look at my trade today, we had very clear, well formed, well-defined waves. That is not as common as we would like. The dragon helps make the unclear more clear. Also, note that Muhammad waited for price ...
Sonic R. System
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ddaytrader replied Dec 15, 2009I didn't say take them off. You said they were critical. I was simply correcting you by pointing out to other new Sonikers that pivots are not critical. You say dangerous things here that could hurt other new Sonikers. When you say something that I ...
Sonic R. System
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ddaytrader replied Dec 15, 2009Good day, Sonikers! I spent the day hanging out with a good trading buddy of mine. I did take this EJ long this morning before I went out, same as Muhammad except I entered before price was above the dragon for what I have called an advanced SonicR. ...
Sonic R. System
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ddaytrader replied Dec 15, 2009Here is what my main trading chart looks like - no pivots, channels, volume, CCI. Nothing but price and the dragon. I do not care about artificial floor pivots when deciding to trade. EP and SL are based on waves, not artificial floor pivots. The ...
Sonic R. System
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ddaytrader replied Dec 15, 2009I do not and would not make a trading decision based on an artificial floor pivot. Pivots are for TP's, not EP's. The only thing that matters to take a trade is the waves first and the dragon second. So yes, this is very, very, small stuff.
Sonic R. System
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ddaytrader replied Dec 14, 2009Two day fed meeting starts tomorrow, so there will probably be nothing but whipsaws and losses until Wednesday afternoon. This might be a good time to take a couple of days off.
Sonic R. System
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ddaytrader replied Dec 14, 2009You aren't missing a thing - a SonicR long set up can be a prelude to a short and vice versa.
Sonic R. System
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ddaytrader replied Dec 14, 2009I like Domas's answer. Do not miss the importance of when Domas says on his chart "if this wave would have gone up the entry would have triggered." The SonicR is about wave analysis. No waves, no trade. If the market is not swinging, then sit out ...
Sonic R. System
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ddaytrader replied Dec 14, 2009Hi Tah. I got long at 1.6255 on a SonicR M15 this morning. I closed half, and I was going to close the other half at the NY close, but I decided to keep it open just in case this thing does break to the upside. I've been bearish bias myself on this ...
Sonic R. System
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ddaytrader replied Dec 14, 2009David, Instead of just questions you should start to try to figure out an answer also. Then post your question and your answer, and then other Sonikers and I can comment on your answer. You will not learn to trade or read price unless a you perform ...
Sonic R. System
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ddaytrader replied Dec 14, 2009Choppy, choppy, choppy ... the best "rule of thumb" I can suggest is shown in the chart below. If you can easily draw a line through the waves that goes through most of the bars, then you might not have a good set of waves to trade. I'm done for the ...
Sonic R. System
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ddaytrader replied Dec 14, 2009I didn't say that, and you didn't ask that. Look at the GU. My second trade was EP at nearly the same as the first EP, and after a GU had made a high much higher than my EP's. It is all about waves. There are no real waves occurring after the EJ ...
Sonic R. System
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ddaytrader replied Dec 14, 2009Again, that is me. Others may not think it important. Also, for every little rule I have, I have a trade where I broke it.
Sonic R. System
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ddaytrader replied Dec 14, 2009Thanks, Jason. That is good to know.
NFA - "No more Limit or Stop Loss orders"