Sonic R. System | Page 19 | Forex Factory

Options

Go to
Permalinks
Print Thread

Similar Threads

Sonic R.evolution 95 replies

The System Behind the System, by Merlin Jeffries 16 replies

Old School Sonic System + Other Things 11 replies

Knife system, Vegas 4h system related questions. 4 replies

Would you trade this system? New system #2. 10 replies

Attachments: Sonic R. System
Exit Attachments

Sonic R. System

  • #361
  • Nov 27, 2008 7:36am Nov 27, 2008 7:36am
Quoting et_phonehome_2
How do you determine its thin volume? It is because its a holiday in the US? I know you cannot use that volume indicator since the volume is just reflective of the broker you are trading with.

For the QQE, do you wait for the blue line to cross the white and do you also wait for the crossing of the 50 line at the same time?
Vol is thin as there is a holiday.....
QQE, blu line cross white...(blu line cross red doted line for my pics)....50 lvl is jus for ref only....

Sonic
  • #362
  • Nov 27, 2008 7:47am Nov 27, 2008 7:47am
I was wondering how something like this would e handled, any comments would be appreciated?
Attached Image (click to enlarge)
Click to Enlarge Name: GBPJPY_15M.jpg Size: 106 KB
  • #363
  • Nov 27, 2008 7:57am Nov 27, 2008 7:57am
I missed this one....What you think guys??
cfp...you are fun of eurjpy...did you catch that one??
Attached Image (click to enlarge)
Click to Enlarge Name: eurjpy 27nov.gif Size: 20 KB
  • #364
  • Nov 27, 2008 8:14am Nov 27, 2008 8:14am
Quoting et_phonehome_2
I was wondering how something like this would e handled, any comments would be appreciated?
For me it would be a lond entry just above the R1, but SL would be huge...GBPJPY too risky for me....
Hope I am right with my analisis....please enyone feel free to correct me...
Attached Image (click to enlarge)
Click to Enlarge Name: gbpjpy 27nov.gif Size: 23 KB
  • #365
  • Nov 27, 2008 8:31am Nov 27, 2008 8:31am
I have 3 screens on my monitor... (15 or 5M TF, 1H TF, 4H TF)
4H TF to determine my general trend bias and PA.
1HTF for S&R levels, PA

15M or 5M for entry.....

Here is an example of how reliable the PA can be (look at t grey boxes)..
I normally pay more attention on Engulfing candles, hammer or hanging man..,,

Sonic
Attached Image (click to enlarge)
Click to Enlarge Name: shi.gif Size: 24 KB
  • #366
  • Nov 27, 2008 8:38am Nov 27, 2008 8:38am
Quoting et_phonehome_2
I was wondering how something like this would e handled, any comments would be appreciated?

I will not do any cos I miss the boat..the real entry shd be this...
Attached Image (click to enlarge)
Click to Enlarge Name: shi.gif Size: 24 KB
  • #367
  • Nov 27, 2008 9:58am Nov 27, 2008 9:58am
Quoting et_phonehome_2
I was wondering how something like this would e handled, any comments would be appreciated?
you already missed the trade and like sonic showed is the trade supposed to be ..

Quoting leņador
I missed this one....What you think guys??
cfp...you are fun of eurjpy...did you catch that one??
nop ... i already off for the day . already hit daily target.

Quoting sonicdeejay
I have 3 screens on my monitor... (15 or 5M TF, 1H TF, 4H TF)

I normally pay more attention on Engulfing candles, hammer or hanging man..,,
i have single TF on one monitor but my pc have 4 monitors .. ... M1, M15, H1, H4

can u explain about the specific candle u mentioned ?
  • #368
  • Nov 27, 2008 11:49am Nov 27, 2008 11:49am
How....I wonder if one day I will be like you guys...shutting the day off cos you reach your daily target....will work hard to get to that day soon...
Sonic can you explain a bit how do you analize the grey boxes you showed earlier??
  • #369
  • Edited 5:52pm Nov 27, 2008 5:13pm | Edited 5:52pm
Quoting leņador
Sonic can you explain a bit how do you analize the grey boxes you showed earlier??
There is a saying "Indicators show the past, PA shows the future"... and I am 100% agree with that...but we are still rely on indicators (lagging indi such as QQE) for stronger confirmation...

If u understand wave pattern,EMA bands, S&R with Price Action..u will notice, your lossing trade becomes very rare.

PA is the study of repeating price patterns, to predict the possibility of price movement in future with higher accuracy....

PA exists in every TF and the higher the TF, the better the quality is, (I pay super attention to H4TF PA even thou I trade M15)

Read this post and browse the link I post there..


Sonic
  • #370
  • Nov 28, 2008 1:06am Nov 28, 2008 1:06am
aha .. i never did catch any of these patterns .. i did learn about it but kinda hard to see them fast .. usually take a few minutes ..and if not mistaken there is a pattern recognation indicator somewhere. i used it before but the chart become a bit messy/crowded ..

and here is my template,indicators i used if anyone interested. i used sonic's base method and THV system as a guide.
Attached File(s)
File Type: zip template and indicator.zip   86 KB | 1,744 downloads



Quoting leņador
Hey cfp what does it mean in your las pic "the first candle clear from the EMA bands"???
according to sonic entry rules, you must wait until a candle is free from the EMA bands .. meaning no part of the candle is touching the EMA bands. and ust that as a buystop or stoploss .. i didnt always follow this one but it is a good early entry point.. just wait for a small pullback creating another wave before entering the pending order. usually i used the L or H point as the entry .. depends on the market condition.

p/s: do u ride as well ? ur avatar shows a scrambler bike. i always wanted to buy a super motard .. a friend of mine have KTM LC8.. damn .. that bike is fast ! about the daily target .. dont worry . you will .. there will be ups and downs but you are in the right path now
  • #371
  • Nov 28, 2008 1:12am Nov 28, 2008 1:12am
Quoting cfp85
according to sonic entry rules, you must wait until a candle is free from the EMA bands .. meaning no part of the candle is touching the EMA bands. and ust that as a buystop or stoploss .. i didnt always follow this one but it is a good early entry point.. just wait for a small pullback creating another wave before entering the pending order. usually i used the L or H point as the entry .. depends on the market condition.
I am in the middle getting my new message across about Advance Entry (AE)

which can help u with better/precise entry,

Of course, it has it own pro and con compare to the current rules...Coming soon...

and there will a manaul on Sonic R style trading by another great trader, release by this weekend too...


Sonic
  • #372
  • Nov 28, 2008 1:16am Nov 28, 2008 1:16am
Quoting cfp85
aha .. i never did catch any of these patterns .. i did learn about it but kinda hard to see them fast .. usually take a few minutes ..and if not mistaken there is a pattern recognation indicator somewhere. i used it before but the chart become a bit messy/crowded ..

and here is my template,indicators i used if anyone interested. i used sonic's base method and THV system as a guide.
Attachment
ABout ur trading style..that will be nice if u can come out with a manual on ur BUY/SELL SL and TP rules?? short one with pics will do...

We all can learn fr u...

Sonic
  • #373
  • Nov 28, 2008 1:25am Nov 28, 2008 1:25am
Quoting sonicdeejay
I am in the middle getting my new message across about Advance Entry (AE)which can help u with better/precise entry,
and there will a manaul on Sonic R style trading by another great trader, release by this weekend too...
great ...

Quoting sonicdeejay
ABout ur trading style..that will be nice if u can come out with a manual on ur BUY/SELL SL and TP rules?? short one with pics will do...
well .. actually i just follow you rules ..

  1. find the wave (A-B-C) (L-H-HL for buy or H-L-LH for sell)
  2. point B as entry point or first candle free from the ema bands (wait for a quick pullback creating another wave before entering a pending order)
  3. point A as the stoploss or nearest resistance,
  4. TP at S&R 2 or at any M5 crosses any channel line.

  • #374
  • Nov 28, 2008 4:12am Nov 28, 2008 4:12am
Hi All

Just want to threw a trade I took in here for you to see.

At chart look at the thick re line. it was ress. around 07.00AM chart time.. then it was broken with some effort to the upside. that mean that level maybee will react as support next time hit.

See the red closed candle where I put the red arrow pointing up.

I did not pull the trigger there by 2 reasons.
first it could be support as writen above, and my cci indicator was not very much belov 0.00 line.

Then we saw some support coming, but it could not come above my 50 sma.
Then it started go down again and I pulled the trigger at 123.10

And now I have my SL/take profit sitting on 122.75 and now just have a nice trade waiting to see what happen later.

And remember its choppy friday end of month near to end of year, so anything can happen.
So if you trade thise dayes sit infront of your shoes and just ready to reacxt on price action.

Have a nice weekend everybody

regards

fratelli
Attached Image (click to enlarge)
Click to Enlarge Name: eurjpy friday.gif Size: 82 KB
  • #375
  • Nov 28, 2008 5:46am Nov 28, 2008 5:46am
I nailed this sucker...TP :121.89 region...

Sonic
Attached Image (click to enlarge)
Click to Enlarge Name: shi.gif Size: 29 KB
  • #376
  • Nov 28, 2008 5:48am Nov 28, 2008 5:48am
Just want to tell you that I closed my trade at 122.07.

Why you can ask.
Its only because its friday and I made 100 pip profit incl. spread so I am well done for the day with my profit goal.

So it was a good one for hope ahter took it too.

regards

fratelli
  • #377
  • Nov 28, 2008 6:19am Nov 28, 2008 6:19am
Quoting sonicdeejay
I nailed this sucker...TP :121.89 region...

Sonic

I am enough for today too...

Sonic
  • #378
  • Nov 28, 2008 6:30am Nov 28, 2008 6:30am
Quoting cfp85

p/s: do u ride as well ? ur avatar shows a scrambler bike. i always wanted to buy a super motard .. a friend of mine have KTM LC8.. damn .. that bike is fast ! about the daily target .. dont worry . you will .. there will be ups and downs but you are in the right path now
Yes...I do ride...that is a GasGas 250cc.....a super motard...wuau...would not mind one of those...may be if I manage to control FOREX...
Now that is winter here in Spain I enjoy other kind of ride...check this out...
http://es.youtube.com/watch?v=8i-zQ_fQ548
Thanks for your kind words...hope I can soon join you guys on the sussesfull side...
have a nice w-end
  • #379
  • Nov 28, 2008 7:32am Nov 28, 2008 7:32am
Quoting leņador
Thanks for your kind words...hope I can soon join you guys on the sussesfull side...
have a nice w-end
See u at the successful side...

Inserted Video


Sonic
  • #380
  • Nov 28, 2008 8:28am Nov 28, 2008 8:28am
Quoting fratelli
Hi All

Just want to threw a trade I took in here for you to see.

At chart look at the thick re line. it was ress. around 07.00AM chart time.. then it was broken with some effort to the upside. that mean that level maybee will react as support next time hit.

See the red closed candle where I put the red arrow pointing up.

I did not pull the trigger there by 2 reasons.
first it could be support as writen above, and my cci indicator was not very much belov 0.00 line.

Then we saw some support coming, but it could not come above my 50 sma.
Then...
Hi Fratelli. Nice trade! What cci is that? It looks differant than the Woody CCI.

Thanks,
Sandy
18 traders viewing now