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Sonic R. System

  • #48,661
  • May 11, 2013 5:32am May 11, 2013 5:32am
look @ 4HR chart it looked like reversal pattern in high volumes I will stay short in GJ
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  • #48,662
  • May 11, 2013 6:38am May 11, 2013 6:38am
Quoting traderathome
Okey, Let's Talk Money Let's say I averaged 200 pips weekly before PVSRA. In six weeks that amounts to 1,200 pips. In the first six weeks of PVSRA I made 13,560 pips. Let's subtract my previous average of 1,200 pips and the PVSRA bonus is 12,360 pips! Let's also subtract my GJ and UJ trades, down 3,995 pips and 684 pips respectively at the close Friday. Subtracting these 4,679 pips as though I had closed the two YEN pair trades, from the PVSRA bonus of 12,360 pips these past six weeks, I would still be left with a bonus of 7681 pips for the six...
This was my point exactly!

All I've been trying to point out is that you haven't been blindly trading.

You know what your account can handle and how much you are willing to
risk in the process. And the trades haven't been entered into without a lot
of thought. Granted, TAH's YEN trades are more extreme than usual, but
they are still in accordance with his personal risk tolerance.

Risk is relevant only in relationship to each individual's account and tolerance.

And your personal risk has certainly been worth the reward!

  • #48,663
  • May 11, 2013 6:48am May 11, 2013 6:48am
Quoting sonicdeejay
Gents, I will use UJ as nice presentation... 1. Last week candle W1 TF was "bullish candle" so that I would be take long this week than taking shorts.. 2. Saw a nice double bottoming with healthy volume (see 2 white circles). But is it has not above Dragon or no bullish wave yet. So wait for a bullish candle to formed. Place a Buy Stop at slight above of the high with SL that is not so tight nor not too wide... EP1 is basically considered Scout. Sciout is like a test of water before the intended trend establishes. So, It normally comes before...

Inserted Video



Cheers..

Sonic
  • #48,664
  • May 11, 2013 9:04am May 11, 2013 9:04am
UJ is a classic case of applied SONIC, unfortunately I didn't notice it！
  • #48,665
  • May 11, 2013 9:13am May 11, 2013 9:13am
http://www.forexfactory.com/attachme...1&d=1368269447

Using the above chart and entries as given, how would I have traded for a total risk of $1,500?

SO the first entry is allowed a risk of $500 from its entry (inc spread) at say 98.78 to its 36 pip SL at say 98.42 = 36 pips which equals 14 mini lots. The second entry at EP 2 say 98.95 has a wider SL of say 53 pips and so will be for 9 min lots. The third entry will be at 99.70, also for 9 mini lots as it has a similar SL to EP 2. Note that I am ignoring the accrued profits from the first two positions.

My new SL at Friday's close is moved to 101.30, thereby protecting EP 1's 252 pips ($3528), EP 2's 235 pips ($2115) and EP 3's 160 pips ($1440) a total of $7,083. Now as it is a G7 weekend, I personally would have closed one position, the first, somewhere near that spike up to the 102 level, just in case of a gap down open.......of course, we might get a gap-up open, but I'd rather play safe.

Food for thought and I wish everyone a pleasent weekend. Now its time for a swim and a SunDowner
Trading Levels with WRBs
  • #48,666
  • May 11, 2013 10:08am May 11, 2013 10:08am
Really dig the videos, please keep em coming. Just wanted to highlight that that is almost exactly the way i traded a few trades last week, Only difference is that the 1st entry point is where the classic setup should be at. Most often, the market does go against up before it moves up, thats where I look to add a scout or 2 maximum.

I would normally just enter with 0.1 lot but now i have divided that into 3, so first entry for classic setup is at 0.04 and if it goes well straight away then good, if it go against me then ill look to add a scout with same SL as first trade and at extreme cases a second scout with very tight sl. its been working pretty good.
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  • #48,667
  • May 11, 2013 11:47am May 11, 2013 11:47am
Quoting only20gp
Really dig the videos, please keep em coming. Just wanted to highlight that that is almost exactly the way i traded a few trades last week, Only difference is that the 1st entry point is where the classic setup should be at. Most often, the market does go against up before it moves up, thats where I look to add a scout or 2 maximum. I would normally just enter with 0.1 lot but now i have divided that into 3, so first entry for classic setup is at 0.04 and if it goes well straight away then good, if it go against me then ill look to add a scout with...
Just an observation: I think EP1 not too classic, the dragon is above trend and is flat.
Newbie trader
  • #48,668
  • May 11, 2013 11:57am May 11, 2013 11:57am
Quoting fex
{quote} Just an observation: I think EP1 not too classic, the dragon is above trend and is flat.
Thanks for clearing that up Fex, much appreciated. Its still 1st week testing this system as I am looking for a second system. Any feedback appreciated. So you mean for shorts the dragon should be below Moving average and for long should be above? Still going through the thread but damn its long.
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  • #48,669
  • May 11, 2013 1:10pm May 11, 2013 1:10pm
Quoting only20gp
{quote} Thanks for clearing that up Fex, much appreciated. Its still 1st week testing this system as I am looking for a second system. Any feedback appreciated. So you mean for shorts the dragon should be below Moving average and for long should be above? Still going through the thread but damn its long. {image}
You are right, the thread IS long, and there's a good reason for that - this is the best trading method EVER!

Your best bet is to re-read all the info in post #1. Read it several times, and it never hurts to go back to it
from time to time to refresh the memory.

You can also utilize the search feature to focus in on particular topics that might be interesting you on any
given day.

But definitely hit post #1 again (in addition to the links provided therein). You have to get a handle on the
basic Sonic R rules before branching out too far.

Pretty soon you may just find THIS becomes your main system of trading, instead of a secondary system.

  • #48,670
  • Edited 3:38pm May 11, 2013 2:24pm | Edited 3:38pm
Quoting only20gp
{quote} Thanks for clearing that up Fex, much appreciated. Its still 1st week testing this system as I am looking for a second system. Any feedback appreciated. So you mean for shorts the dragon should be below Moving average and for long should be above? Still going through the thread but damn its long. {image}
I see it different to your case (Pic1).
For this graph (Pic2) I guess I had entered any of the points marked in orange, even though the dragon still is above the trend, it does have a good angle. Let me tell you that:

1. - What I just explained is very basic and is perfectly explained in Post # 1 (including their links). If you think that post # 1 is too boring or long, believe me if you read the post # 1 get save long long time and have fun learning. (not cynicism, is advice nobody asked)

2. - Pay little heed of what I say, I'm just a newbie trying to learn something. It's not false modesty, it is true. But the first two days I read carefully and repeatedly post # 1, which allowed me to learn the basic theory, the practice else . Listen and you'll know, Watch and you'll understand, Do it and you will realize. (sorry the literal translation).

Note:
Listen: Post # 1
Look: First and last 50 pages of the thread.
Do: Let's f__k the MMs

good trades
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Newbie trader
  • #48,671
  • May 11, 2013 3:31pm May 11, 2013 3:31pm
PVSRA Tutorial by traderathome

sonicdeejay,

I think this would be very useful to everyone in the thread, and you might want to
add it to post #1 with the other PVSRA pdf - at your discretion of course.



Attached File(s)
File Type: pdf PVSRA Tutorial by traderathome.pdf   394 KB | 982 downloads
  • #48,672
  • May 11, 2013 4:56pm May 11, 2013 4:56pm
Quoting Islander
{image} Using the above chart and entries as given, how would I have traded for a total risk of $1,500? SO the first entry is allowed a risk of $500 from its entry (inc spread) at say 98.78 to its 36 pip SL at say 98.42 = 36 pips which equals 14 mini lots. The second entry at EP 2 say 98.95 has a wider SL of say 53 pips and so will be for 9 min lots. The third entry will be at 99.70, also for 9 mini lots as it has a similar SL to EP 2. Note that I am ignoring...

That was an examples to show how types of trades can be taken..
I live trade EJ last week and I have no open position..


I also expect mini or big gap up on Monday..


Sonic
  • #48,673
  • May 11, 2013 4:59pm May 11, 2013 4:59pm
Quoting fex
{quote} Just an observation: I think EP1 not too classic, the dragon is above trend and is flat.
I do not really consider angle or flatness of dragon anymore....
I am more guided by the bias based on last week w1 candle...


Sonic
  • #48,674
  • May 11, 2013 5:44pm May 11, 2013 5:44pm
Inserted Video



Kyle Bass


Sonic
  • #48,675
  • May 11, 2013 6:43pm May 11, 2013 6:43pm
Hi Master,

Happy to see you standing up for the sake of your thread, it is important and a little bit late.
All down w1 candles are not followed by an other down week candle , sometimes we see an opposite weekly candle after a down weekly candle.If you can be more specific about this I 'd be happy.
Moreover eurcad short is my candidate for immediate short on monday, expect at least 50-65 easy pips there, and look at the coincidence it has a down weekly candle.What would be your comments on this down weekly candle and m1 chart ? If Master is busy any other sonicers comment is appeciated .

Cheers,


Quoting sonicdeejay
{quote} I do not really consider angle or flatness of dragon anymore.... I am more guided by the bias based on last week w1 candle... Sonic
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  • #48,676
  • May 11, 2013 7:29pm May 11, 2013 7:29pm
Just shared my experienced with Sonic R System:

Sonic R system is simple system and very profitable , but have weakness when sideway market.
Here is a picture of my success using Sonic R System last month.
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Later on this month I failed because the market is so wild (sideway)

PS: all suggestions and criticism are welcome

Learn from my failures in this month, I tried to combine the experience and the profit system, and the result is as shown below

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  • #48,677
  • May 11, 2013 8:28pm May 11, 2013 8:28pm
Quoting sonicdeejay
{quote} I do not really consider angle or flatness of dragon anymore.... I am more guided by the bias based on last week w1 candle... Sonic
Sonic,

I am glad that you mention this now.
I stopped using the EMA34 Dragon for more than one year because I rely more on Candlestick reading and also exactly what you teach here using the higher timeframe candle as bias. The reason is exactly shown in your earlier UJ trade example. However, the EMA89 trend still play an important role in the background like a 'security blanket' for confidence.

We build up positions during the retracement of the W candle using M15 lower timeframe PA and these may be seen a scout entries when we have the EMA34 dragon on M15. But the fact is we are trading the higher timeframe.
M15 entries are good because we can see more PA details and when we timed our entries carefully and skilfully, we can have small initial SL and hence better position size. This is how Dr Van Tharp' R and R-multiple trade management method will work well.

To me, Position building is a combination of the use of both M15 Classic and Scout trade entries for swing trading. I think this is the essence of SonicR swing trading.

For candlestick pattern I use mostly the H4 and D candles for entry setups.
The W candles are also use to see the bias and the market structure.
I fully agree on the use of Weekly candles to form a bias for the following week' trading.
I hope new traders starting with SonicR will also learn and practice this going forward from now onwards.

I still have my EJ trade last week and I hope you do not mind if I post that chart showing my entries and exits. But I will pull out the trade data from the account summary and put them on a Sonicr template chart for sharing. ok Sir?

Thanks

Just looked at my world time clock, and realised that you folks in Asia are already in your Sunday morning and all you Church going folks, you all be blessed. Sing Him Praises, brothers and sisters.

Have A Good Weekend.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #48,678
  • May 11, 2013 8:55pm May 11, 2013 8:55pm
Quoting okanemici
Hi Master, Happy to see you standing up for the sake of your thread, it is important and a little bit late. All down w1 candles are not followed by an other down week candle , sometimes we see an opposite weekly candle after a down weekly candle.If you can be more specific about this I 'd be happy. Moreover eurcad short is my candidate for immediate short on monday, expect at least 50-65 easy pips there, and look at the coincidence it has a down weekly candle.What would be your comments on this down weekly candle and m1 chart ? If Master is busy...

Hi Okan,

Before I go to bed just want to share something with you here. Sorry no chart now, table 10" screen not good to make any good chart size.

But, I would look at the MN chart and see the market structure and the PA of the MN candle as the Big Picture.
Jan, Feb and Mar candles is a 3-bar bearish candlestick pattern.

We cannot jump in when April candle open because of corrections / retracements and that may turn back into a bullish reversal.

Therefore when April open, our bias is Sell. But we want to sell High and we look for retracement in the lower timeframe. The question is retracement up to where? this is where the historical support and resistance come in to play. Or in situations where there is not visible historical S&R close to the prevailing market trading range, we can use the recent MN OHLC as S&R. Or we can play with Fib retracement levels, or we can play with what many traders believe to be institutions using MsA - 50, 100 and 200MAs as dynamic S&R.

Now go to the Weekly chart. You said the previous week candle is bearish, but that is a also a spinning top candle. That candle can spin out of control.
Notice that the week 18 candle 26 Apr to 3 May is a W candle which straddles 2 months. There is a MN Open price level in that W candle.
Now when we go to H4, we can see clearly how the H4 play out and ended up as a W spinning top. With this H4 view, I will make my trade decision to look for sell setups. Building up positions therefore using this multi-timeframe top down approach is one way to get into the market and stay as in and let the market decide the final TP.

Now the fun starts next week 20 ... 13 May to 17 May.
Again we have a red W candle for this week close.
Now where are the S&R?
If we want to be seller next week,
- Where do we sell?
- When do we sell?
- will there be a bounce in region 1.2950 and 1.3000? or will there be breakout downwards?

I will be watching this pair for sure since we already done some prep work now.

regards,

Have a Good Weekend.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #48,679
  • May 12, 2013 1:52am May 12, 2013 1:52am
Quoting sonicdeejay
{quote} I do not really consider angle or flatness of dragon anymore.... I am more guided by the bias based on last week w1 candle... Sonic
I'm a little shocked to hear you say that Sonic

  • #48,680
  • May 12, 2013 2:10am May 12, 2013 2:10am
I really apreciated Master SonicR and Emmanuelle comments. Now its sure that i have no idea
Newbie trader
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sonicdeejay