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Sonic R. System

  • #2,781
  • May 12, 2009 3:14pm May 12, 2009 3:14pm
Quoting DocPMD
Basber,
Edit: Actually, looking at the chart I was talking about three points earlier, one at approx 06:00 5/11/09 and 10:00 5/11/09 and 18:00 5/11/09.
The points "A" and "B" on your charts were never in question because I don't think price ever went beyond the breakout candle, as you said. And regarding point "2" on your chart, although it was a LL, I might have been tempted because of the divergence with the TRIX. In any case, my original question related to three prior breakouts. Frankly, I forgot about the Session requirement, but I...
Doc, Would You Mind Showing Them On Chart ? I Just Find The First One.
About Point 2 : I Personally Don't Rely Much On Divergence At Lower TFs. I Watch For Divergence In H4 And Make An Entry With PA Or Wave Analysis.

Regards,
Basber
Trading methods are designed to put the odds in our favor, not predicting.
  • #2,782
  • May 12, 2009 3:42pm May 12, 2009 3:42pm
Quoting Basber
May I Comment ?!
I Explain It In My Charts !! I Think You Meant Point A & B ! I Believe These Are The Reasons That We Shouldn't Take The Trades In Those Points :

A :
1) It Is During Asia Seasion And In That Time , Breakouts Is Not Reliable
2) CCI & QQE Is Below Zero Line
3) And Chief Among Them Is " There Is No Higher Low". Price Just Make A Low At Point 1.
4) Price Is Below 89EMA And MAs Is Pointing Downward
5) It Didn't Break The Upper MA

B:
1) Point 2 Is Not A Higher Low. It's A Lower Low (Lower Than Point 1). So Wave Analysis Tells You...
I got the reverse question here.

Wouldn't the break of the 34EMA before the "A" considered sell signal since the price was making LowerHigh and Lower Low.

After "A" the price touches 34EMA and goes does wouldn't that a be sell Signal as well?
  • #2,783
  • May 12, 2009 4:07pm May 12, 2009 4:07pm
Quoting Basber
Doc, Would You Mind Showing Them On Chart ? I Just Find The First One.
About Point 2 : I Personally Don't Rely Much On Divergence At Lower TFs. I Watch For Divergence In H4 And Make An Entry With PA Or Wave Analysis.

Regards,
Basber
Basber,

Please refer to points 4, 5, and 6.

Doc
Attached Image
  • #2,784
  • May 12, 2009 4:30pm May 12, 2009 4:30pm
Quoting AndsX
I got the reverse question here.

Wouldn't the break of the 34EMA before the "A" considered sell signal since the price was making LowerHigh and Lower Low.

After "A" the price touches 34EMA and goes does wouldn't that a be sell Signal as well?
Hi,
I Edit Comments For You Question. Point A Is A Good Setup For Short Entry And It's During The US Seassion, But Point B Is A Good Setup, Bit It's In Asia Seasson. Breakouts In That Time, Is Not Reliable.

Regards,
Basber
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Trading methods are designed to put the odds in our favor, not predicting.
  • #2,785
  • May 12, 2009 4:42pm May 12, 2009 4:42pm
Quoting DocPMD
Basber,

Please refer to points 4, 5, and 6.

Doc
Me Myself Went Long At Point 5 (Post #2753). And I Think It's Jut A Losing Trade. As You Know, There Is No Holy Grail And Any System Have Their Own Losses. I Think This One , Is In That Category.
About Point 4, The Only Thing That Is Not Correct Is The Volume And Trading Time (Asia Session).
In Point 6 I Don't See Any Wave Formation For Long Entry. There Is Just A Low, No Higher Low. Another Thing That Is Wrong Is CCI, It's Below The Zero Line.

P.S. I'm Sure Sonic Will Correct Me If I'm Wrong.

Regards,
Basber
Trading methods are designed to put the odds in our favor, not predicting.
  • #2,786
  • May 12, 2009 4:57pm May 12, 2009 4:57pm
Quoting Basber
Me Myself Went Long At Point 5 (Post #2753). And I Think It's Jut A Losing Trade. As You Know, There Is No Holy Grail And Any System Have Their Own Losses. I Think This One , Is In That Category.
About Point 4, The Only Thing That Is Not Correct Is The Volume And Trading Time (Asia Session).
In Point 6 I Don't See Any Wave Formation For Long Entry. There Is Just A Low, No Higher Low. Another Thing That Is Wrong Is CCI, It's Below The Zero Line.

P.S. I'm Sure Sonic Will Correct Me If I'm Wrong.

Regards,
Basber
Basber,

Thanks for taking the time to look at those setups. And I'm glad I asked, because it gets back to my original question regarding reading the entire thread.

The original "rules" document that I downloaded from page 1 does not say anything about volume or CCI. So somewhere along the way there were additional filters added to the setup. All that the rules state is that MACD (or QQE) and stochastics must be sloping in the direction of the trade. It is clear that things have been adjusted/improved.

I'll have to go back and carefully review the entire thread to get the details.

Thanks,
Doc
  • #2,787
  • May 12, 2009 5:10pm May 12, 2009 5:10pm
Quoting Basber
Hi,
I Edit Comments For You Question. Point A Is A Good Setup For Short Entry And It's During The US Seassion, But Point B Is A Good Setup, Bit It's In Asia Seasson. Breakouts In That Time, Is Not Reliable.

Regards,
Basber
Thanks for the reply. And Doc i think post #5 talks about the trade times that are good. It's generally the opening of London and Newyork session.

From my experience i prefer below entries along with indicator confirmation. Please some one correct me if i am wrong.


1. For Buy Price making lower low below the ema and you enter on the 2nd candle after the price breaches the ema higher.

2. For Sell the reverse.

3. Entering on pullback to the EMA if you miss the previous entry. Do you entry only on pullbacks which touches the EMA? Where exactly you enter? Right after the break of the previous high/low or right after the 2nd candle which touches the ema?

Do we take entries where the pullback doesn't come close to the ema?
  • #2,788
  • May 12, 2009 5:13pm May 12, 2009 5:13pm
Quoting DocPMD
Basber,

It is clear that things have been adjusted/improved.

I'll have to go back and carefully review the entire thread to get the details.

Thanks,
Doc
Honestly, I Didn't Understood The System Well Before Reading All The Examples Of This Threat. With The PDF In First Post, I Just Had A Whole Understanding From This Strategy. But By Analysing The Examples, I Understood It Well.
You Are Right, Some Things Changes From The Manual, But The Body Of The System, Stays Constant. It's Better That You See The Examples.
If There Is Any Other Question, I'll Be Glad To Help (If I Can )
Hope To See Your Green Pips Soon, Doc

Regards,
Basber
Trading methods are designed to put the odds in our favor, not predicting.
  • #2,789
  • May 12, 2009 5:36pm May 12, 2009 5:36pm
Quoting AndsX

1. For Buy Price making lower low below the ema and you enter on the 2nd candle after the price breaches the ema higher.

2. For Sell the reverse.

3. Entering on pullback to the EMA if you miss the previous entry. Do you entry only on pullbacks which touches the EMA? Where exactly you enter? Right after the break of the previous high/low or right after the 2nd candle which touches the ema?

Do we take entries where the pullback doesn't come close to the ema?
1. For Buy Price making lower low below the ema and you enter on the 2nd candle after the price breaches the ema higher.
2. For Sell the reverse.

I Think You Meant For "Sell" ! The Most Important Thing In This Strategy Is To Having a Trend. It Won't Work In SideWay Market. Anyway, For Sell I'm Searching For Lower Lows And Lower Highs In Price. After Forming A High, Low, Lower High, And After It Breaches The "Lowest" MA, And Close Below It, I Will Enter Few Pips Below The "Low" Of The Candle If CCI & QQE Is Below The Zero Line. I Prefer To Enter Below The 89EMA And Vise Versa. (I Attached My Today's Trade. And I Mark In It The Waves)
And It's The Opposite Way For Buying ...

3. Entering on pullback to the EMA if you miss the previous entry. Do you entry only on pullbacks which touches the EMA? Where exactly you enter? Right after the break of the previous high/low or right after the 2nd candle which touches the ema?

Do we take entries where the pullback doesn't come close to the ema ?

Like Sonic Mentioned Before, For Re-Entry, We Use Changing Color Of CCI Indi. For Example (In The Second Attachment) , After The CCI Mid-Color Changes From Red To Green. There Is No Need For Touching The EMA. But Sometimes Before Entering The Trade, After Breaking EMA/S&R/PPZ/TL I Wait For Retesting The Line By Price Before Entering The Trade. This Will Filter False Breakout For Me. There Are More Examlpes For Re Entry. Just Search The Threat.

Regards,
Basber
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Trading methods are designed to put the odds in our favor, not predicting.
  • #2,790
  • May 12, 2009 5:52pm May 12, 2009 5:52pm
I meant sell there.. It's the reentry trades i got to watch for since that's where i have more losing trades. Do you wait till it takes breaks out the prev high/low or enter as soon as the CCI color changes
  • #2,791
  • May 12, 2009 6:23pm May 12, 2009 6:23pm
Nice discussion going on here...I am suprise and I am glad...

Sonic
  • #2,792
  • May 12, 2009 6:23pm May 12, 2009 6:23pm
Quoting AndsX
I meant sell there.. It's the reentry trades i got to watch for since that's where i have more losing trades. Do you wait till it takes breaks out the prev high/low or enter as soon as the CCI color changes
I Usually Don't Re'enter If And Only If The Trend Is Very Strong. It Is Very Important To Check Higher TF For Checking The General Trend. Most Re-Entry Trades Ends Up With Losses Because Price Made It's Move Then You Re-Enter And Then Correction May Happen And Trigger Your StopLoss. So, I Double Check The Trend, And The Other Thing I Will Keep It In Mind Is PPZ(Pivot Point Zones). Price Rarely Passes R2 Or S2 , So If Re-Entry Point Is Above R2 Or Below S2 (Mine Is Set To Fibonnaci Pivot Not Daily) I Don't Re-Enter The Trade. I All These Critetia s Happen , I Wait 'Till The Candle Closes (After Changing Color Of CCI Mid-Line) Before I Enter The Trade.
Careful About Re-Entries, Specially These Days That Trends In Small TF Changes Over a Day.
Hope This Helps

Regards,
Basber
Trading methods are designed to put the odds in our favor, not predicting.
  • #2,793
  • May 12, 2009 6:59pm May 12, 2009 6:59pm
Be Careful ...
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Trading methods are designed to put the odds in our favor, not predicting.
  • #2,794
  • May 12, 2009 7:17pm May 12, 2009 7:17pm
Quoting Basber
I Usually Don't Re'enter If And Only If The Trend Is Very Strong. It Is Very Important To Check Higher TF For Checking The General Trend. Most Re-Entry Trades Ends Up With Losses Because Price Made It's Move Then You Re-Enter And Then Correction May Happen And Trigger Your StopLoss. So, I Double Check The Trend, And The Other Thing I Will Keep It In Mind Is PPZ(Pivot Point Zones). Price Rarely Passes R2 Or S2 , So If Re-Entry Point Is Above R2 Or Below S2 (Mine Is Set To Fibonnaci Pivot Not Daily) I Don't Re-Enter The Trade. I All These Critetia...
That's so true and thanks for your great inputs.
  • #2,795
  • May 12, 2009 7:26pm May 12, 2009 7:26pm
Quoting Basber
Be Careful ...
I do not really have faith on Asia session run up....unless it has very goood news/events go on ....
I will rather sit back and relax...

Sonic
  • #2,796
  • May 12, 2009 9:38pm May 12, 2009 9:38pm
Quoting DocPMD
bulkbiz,

Referring to your chart in post #2765, it appears that there were two long breakouts prior to the one you had taken that would have ended up losers. Your chart doesn't show the other indicators, so I couldn't tell if they were not taken because the other confirmation was not there (or maybe they were taken for losses).

Can you please comment?

Thanks,
Doc
Hi Doc,

I am trading with clean chart, I don't want to use any indicator, except the 34ema line which applied to high, low and close. The trade above was a winner. Normally I take a few things into consideration eg SR, so if the break of the wave is near SR, i will not trade, I will wait for it to break SR then only I trade. I also never trade first break, my conservative approach is to wait for a break to retrace/pullback first, then if the price break the previous high/low, then only i trade.

Sonic gave us the theory and guideline, it is up to you all how to modify it. I personally don't like indicator.
  • #2,797
  • May 12, 2009 9:49pm May 12, 2009 9:49pm
If you look at EU 4H chart, there is one resistance [email protected].
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  • #2,798
  • May 12, 2009 10:38pm May 12, 2009 10:38pm
Quoting bulkbiz
Hi Doc,

I am trading with clean chart, I don't want to use any indicator, except the 34ema line which applied to high, low and close. The trade above was a winner. Normally I take a few things into consideration eg SR, so if the break of the wave is near SR, i will not trade, I will wait for it to break SR then only I trade. I also never trade first break, my conservative approach is to wait for a break to retrace/pullback first, then if the price break the previous high/low, then only i trade.

Sonic gave us the theory and guideline, it is up...
Thanks for the explanation - nothing wrong with trading "naked".

And regarding your preference to wait for retrace upon break, I'm sure you miss some breaks, but probably save yourself from more false breaks.

Doc
  • #2,799
  • May 12, 2009 11:48pm May 12, 2009 11:48pm
Hi Sonic

Although I don't trade your system, I am thankful for providing the information that you have to this community, particularly the 5 steps pdf document. That document, I think is spot on, and I found it very useful and encouraging, it let me see where I am in the skeem of things and what is my next step as well as how far I have to go.

Once again, thanks.

Ezzy
What you do is a reflection of you....what I do is a reflection of me.
  • #2,800
  • Edited 4:36am May 13, 2009 1:46am | Edited 4:36am
Quoting DocPMD
Thanks for the explanation - nothing wrong with trading "naked".

And regarding your preference to wait for retrace upon break, I'm sure you miss some breaks, but probably save yourself from more false breaks.

Doc
Euro 1.372x...is such a big Resistance,,,for it to advance.....
So, minor retracement are expected...this is what happen it these two days...

I am still bullish for for overall trend..

Sonic
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