Sonic R. System

Yeah, makes sence. Thank you for the input, traderathome. Unfortunately though, mine SL was allready hit ... Well, the good thing I'm still on demo.

But I'm still down with this pair unless it breaks that huge overhead resistance:

Hi guys.

just looking into this method by Sonic.

In the pdf for the system, entries are only taken between 1-4 and 7-11 EST, is that correct?

thanks

tats one of the rule to avoid ranging market.

however, we look on wave analysis for a setup. together wif the indis

Well..it hit nicely...

Sonic

SL Hit, -25 Pips

Regards,
Basber

today is easy go, tml will be easy come.

no worries~

1)However is there any calculation involved when placing the SL? By calculation I mean riskking not more than certain percentage of one's account.

I Don't Think There Is Any Calculation For Placing Your SL. You Should Find It Out Yourseld By Analysing Price Movments, Waves, PPZ, S&R Or Trends, Whichever Suits You. But After You Find A Appropiate Place For Your SL, Then You Should Start The Calculation ! For Example You See That Your SL Should Be 50 Pips (+ Spread) , And You Have an Account With 5000$ In It And You Wish To Risk 2% Of Your Account In This Trade, So The Amount Money That You Want To Risk Is :
5000$ * 2% = 100$
So Your Calculations Show You That You Should Risk 100$ On This Trade, And Your SL Is 50 Pips, To Find WHAT VOLUME YOU SHOULD TRADE, You Could Do This :
100$ / 50 Pips = 2 $ Per Pips ---> This Means 0.2 Standard Lot Or 2 Mini Lots.
Remember That You Shouldn't Change Your SL Because Of The Amount Of Risk You Wish To Take, You Should Put Your SL, Then Adjust Your Volume Of Position To Match The Proper Risk.

2)What Profit/Loss ratio should be considered when entering a trade?

There Is No Rule/Answer For This Question I Think. You Should Mix Two Things In Your Calculation. R:R Ratio And Your Win Rate. For Example If You Have High Win Rate With Your System, You Could Have 1:1 R&R Ratio Or Even Less, But If You Have Low Win Rate, To Cash Some Money From The Market, You Should Have High R:R Ratio To Be Profitable.
For Example I Usually Have More Than 1:1 R&R Ratio And I Try To Keep My Win Rate Between 50% - 70%. You Should See What Fits Your Personallity And Your System. There Is No Right Or Wrong. You Should Experience What's Best For You. Having a 3:1 R&R Is Easy To Say, But It's Hard To Catch, It The Same As Having 90% Win Rate ! So You Should Find It Out Yourself. I Usually Take a Portion Of My Position Out When Reaching a Desirable Profit And Let The Rest Run For More R:R. And The First Portion I Tookout Mostly Have 1:1 R&R Ratio.

3)May be give us some formulas and advises on SL calculation which we could benefit from.

Like I Said, There Is No Formula For SL. That's Why I Believe Everyone Should Have a Deep Understanding About Market Before Starting To Use Any System. There Is No Rule In This Market. You Should Find Many Things Out Yourself. That's Why Nothing Is Replacable With Experience In This Business.


Hope It Helps

Regards,
Basber

Snu, Try To Take The Trades That You Can Afford The Safest(And Reasonable) SL. I Loose Tons Of Money Long Time Ago On This Behavior. See It This Way :
"This SL Is Really Hard To Reach, So I Should Manage My Trade To Have This Trade Or I Wouldn't Trade This Setup Now"

Regards,
Basber

Your Quite Welcome Lmarti. I'll Be Glad To Help, If I Could

Regards,
Basber

If You Are New To This System, Stick To Mentioned Time, After Few Monthes, You Can Much More Flexible With Timing Thing Using NVO Indicator.

Regards,
Basber

I Learnt To Respect My Losses, Because After Them, I'm Waiting For My Winnings To Come Let's See What Will Happen Tomorrow. I'm Completely Happy With My Losses, Because They Open My Ways To Profitable Trades

Regards,
Basber

This Situations Is Good To Look At EUR/GBP.

Regards,
Basber

http://www.roflcat.com/images/cats/voices.jpg


Sonic

ya it broke the TL and rocket up, didnt expect though .

trade wad u see

Thx, Basber. Its very generous of you to explain things with such deep lvl of explanation. I really appreciate your effort!

thanks Basber

E/u still in ranging. will haf to wait till us session and we will see how it goes~

lol .. like that dont want to be here anymore lah .. sonic wanna kill me ..

hello cfp85 looking after long time h ru doing ......and sonic wats to kill u why .......

Good Morning Sonikers! Wow, I wake up and find almost five new pages of posts to read at my favorite web site, and I find that my GU short hit for 93 pips! A Good Morning, Indeed!

As I was reading through the discussion from last night, I thought that these posts would go well together:



Here are some thoughts that I hope struggling Sonikers might find helpful.

The Sonic R System is as easy as A-B-C. The SonicR System is a sound, profitable system, so long as you apply it as designed, which means a) you use wave analysis to identify solid entry point, b) you use Support and Resistance, not your fear, to determine where your stop loss goes, and c) you use Support and Resistance, not your greed, to determine where you take profits are to be place.

In addition, it is up to you to:

1) Take an entry signal if the SonicR gives and entry signal

2) Do not take a position if the SonicR has not given you an entry signal

3) Do set your stop loss based upon support and resistance, and if price hits your stop, let the position be closed and move on to the next entry signal

4) Do set your take profits at Support and Resistance, and if price decines to your take profits, let the position be closed and move on to the next entry signal.

As Sonic said, the Holy Grail is in you - it is in each and everyone of us. As I read this thread each morning, and I look over the charts that other Sonikers post, I often see Sonikers seeing entry signals where there really are no clear waves. Look at the EU last night (first chart). What a UGLY UGLY chart! No clear swings, no real impulse on any of those waves to the downside. I know others here saw a short SonicR signal on the EU today (and I am not here to criticize), but as hard as I try, I see nothing but chop and slop.

Now, turn your attention to the GU (second chart). Last night I set my EP at 1.6493 last night before I went to bed (I'm East coast USA, so while you folks are chatting here and trading the London session, I am still asleep in bed). I set one take profit at 1.6400, which was a few pips above support. My stop loss was above yesterday's high. The GU short last night/today is classic, and I mean classic SonicR. It was like taking candy from a baby. I attached my p/l on this trade so you can see the times. The times are NY time (EDT). I was alseep when I sold 30k (which is only .3 standard lot or 3 mini lots). I was asleep when my take profit was executed. As you can see, I am not a big trader, but I am a consistent trader. I am consistent because I have dedictaed myself to learning and applying Sonic's system, and I do it over, and over and over.

How many pips can you make a week from the SonicR? Each week, nearly everyday, there is a classic, easy, clear as day SonicR on either the EU, GU, UChf, UJ, EJ, or GJ. SO, each week there should be 3-5 Clasic SonicRs at a minimum.

It is up to you to learn the system, and you need to learn to see the SonicR when it is there, and, more importantly, you need to learn also not to see it when it is not there. Then, it is up to you to trade it. How much you make depends 99% on you and only 1% on the SonicR. Why do I say only 1% on SonicR? Because we all know the SonicR works when it is used properly. So, what really matters is whether or not you learn to use it properly.

I do not trade large size, but I do very well, and I only trade SonicR. I see others here with bullish and bearish opinions, candle and bar analysis, divergence analysis, etc. And that is fine. I have always said that each of us has to find our own way to find that level of comfort from which to trade. So, others here add to the SonicR to try to confirm a signal. Not me. I trade the SonicR.

I trade the SonicR and I can trade it without any of the indicators. This is not to brag, but to make a further point about this incredible gift (for I do beleieve it is a gift) that Sonic has so generously shared with us here in this thread. I no longer look for other indicators to help confirm my analysis.

This does not mean that I suggest that you or anyone else stop using the SonicR indicators. In fact, without them it would be very difficult to learn to trade this properly. But the indicators are really just training wheels or a safety net. My point is this: If you really dedicate yourself to this system, you will come to understand that it works because it is based solidly on price action, support and resistance, and wave or swing analysis. If you dedicate yourself to learning this system and the price action that is its foundation, you will get to the point where you have very few losing trades. You will be able to look at a naked chart with no indicators, and the SonicR signals will jump out at you! You will calmly be able to set your entry, set your stop loss and take profits, and go to sleep. You will know that if the trade triggers, it will probably (though not always) be a winner.

My suggestion to any traders new to the system and not yet a Soniker if to read the manual that Sonic wrote and Basber compiled, and concentrate on learning the classic SonicR. It can change your life, but only if you let it.

Good Luck to all,

ddaytrader