Sonic R. System | Page 199 | 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

  • #3,961
  • Jul 21, 2009 7:39am Jul 21, 2009 7:39am
CAD in spotlight BOC rate statement news coming soon.

didnt catch tis
Attached Image (click to enlarge)
Click to Enlarge Name: uc.jpg Size: 155 KB
trade safe
  • #3,962
  • Jul 21, 2009 7:49am Jul 21, 2009 7:49am
Quoting ddaytrader
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...

hey ddt.

thanks for your thoughts


looking at your trade for today , and seeming as though you set a pending order. it seems to me you trade the break of the 1st wave,is this right?


thanks
  • #3,963
  • Jul 21, 2009 7:53am Jul 21, 2009 7:53am
Quoting ddaytrader
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...
"DD" Thanks for the insight much appreciated. This system is truly a gift from Sonic.

Kind Regards
Lmarti21
  • #3,964
  • Jul 21, 2009 8:03am Jul 21, 2009 8:03am
here is my 2nd trade of the day ...... looking break resistenc or not ?
Attached Image (click to enlarge)
Click to Enlarge Name: 21 july ej buy.gif Size: 46 KB
FxHome
  • #3,965
  • Jul 21, 2009 8:07am Jul 21, 2009 8:07am
and here is setup
Attached Image (click to enlarge)
Click to Enlarge Name: 21 july ej buy2.gif Size: 45 KB
FxHome
  • #3,966
  • Jul 21, 2009 8:08am Jul 21, 2009 8:08am
Quoting ddaytrader
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...
Just my two cents,

I am new to the system , i have two monitors so i trade only two pairs. This has helped me tremendously as i can focus on the Sonic entries without flipping between charts and getting all confused.

Kind Regards
Lmarti21
  • #3,967
  • Jul 21, 2009 8:17am Jul 21, 2009 8:17am
It broke off the resistance, SL hit.

shorted Usd/Cad on rates announcement. still cover back lucky.lol

E/u looking strong. will it go to the 4 hr high @1.433X? and form similar
H & S.

ciaoz!
trade safe
  • #3,968
  • Jul 21, 2009 8:29am Jul 21, 2009 8:29am
Quoting ddaytrader
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.



ddaytrader
Thx DD, as you've noticed many of us concidered E/U down today, however you say it was not a clear signal. But why not? It still gave us clear H-L-LH. Or we should've watched for the previous choppy action as well?

Regards,

snu.
Attached Image
  • #3,969
  • Jul 21, 2009 8:45am Jul 21, 2009 8:45am
Quoting ddaytrader
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.
You need to see what is there, and not impose upon the chart that which you wish to see.

Quoting snusnufreak
Thx DD, as you've noticed many of us concidered E/U down today, however you say it was not a clear signal. But why not? It still gave us clear H-L-LH. Or we should've watched for the previous choppy action as well?

Regards,

snu.
Yes, in my opinion, you certainly should consider the choppy action. Look at that chart and you will see that price simply chopped from the top of the Sonic channel to the bottom of the channel. The first good SonicR on the EU was the long signal given after price put in the L (at the channel line) then a H, the a HL. I think our friend Muhammad caught this and posted the chart, so I will not replicate it here.

Bottom line, I prefer not to trade choppy price action.

Also, your H-L-LH appear randomly selected and unimportant. You were selling short just as the market was putting in an important low.

Again, this is how I apply Sonic and analyze the waves. Others may do it differently. I can only say that I very rarely have a losing SonicR trade by staying out of the chop.

Good Luck,

ddaytrader
  • #3,970
  • Jul 21, 2009 8:49am Jul 21, 2009 8:49am
Quoting lmarti21
I am new to the system , i have two monitors so i trade only two pairs. This has helped me tremendously as i can focus on the Sonic entries without flipping between charts and getting all confused.

Kind Regards
Lmarti21
I have one laptop. I am looking at 15 minute charts. I glance at them about four times/hour. It takes about 10 seconds to look at the six pairs I trade and to determine that there is or is not a signal setting up. I wait until I get a good, clear wave pattern. If I get multiple pairs with good wave patterns, then I will short the weakest or buy the strongest.

A very calm and satisfying way to trade.

I am ver appreciative of Sonic.

Good Luck,

ddaytrader
  • #3,971
  • Jul 21, 2009 8:54am Jul 21, 2009 8:54am
Quoting FOURX
hey ddt.

thanks for your thoughts


looking at your trade for today , and seeming as though you set a pending order. it seems to me you trade the break of the 1st wave,is this right?


thanks
I did indeed set a pending order. I like to trade "the break of the 1st wave" down or up, as usually the biggest and fastest move will be the one that comes after that break. It needs to be a very clear H-L-LH or L-H-HL to make me trade it though.

Good Luck,

ddaytrader
  • #3,972
  • Jul 21, 2009 9:05am Jul 21, 2009 9:05am
Quoting ddaytrader
The first good SonicR on the EU was the long signal given after price put in the L (at the channel line) then a H, the a HL. I think our friend Muhammad caught this and posted the chart, so I will not replicate it here.
I see that Muhammad posted the EJ, so here is my pic of the EU.

First TP hit +50, second 1/2 stopped at breakeven.

See how easy it is when you let the ocean's waves come to you, rather than stepping into the ocean and trying to make your own waves?
Attached Image (click to enlarge)
Click to Enlarge Name: EU 7-21-2009 SonicR Long.jpg Size: 162 KB
  • #3,973
  • Jul 21, 2009 9:28am Jul 21, 2009 9:28am
Quoting ddaytrader
I have one laptop. I am looking at 15 minute charts. I glance at them about four times/hour. It takes about 10 seconds to look at the six pairs I trade and to determine that there is or is not a signal setting up. I wait until I get a good, clear wave pattern. If I get multiple pairs with good wave patterns, then I will short the weakest or buy the strongest.

A very calm and satisfying way to trade.

I am ver appreciative of Sonic.

Good Luck,

ddaytrader
"DD" Do you not look at the higher TF?
  • #3,974
  • Jul 21, 2009 9:31am Jul 21, 2009 9:31am
Quoting ddaytrader
I see that Muhammad posted the EJ, so here is my pic of the EU.

First TP hit +50, second 1/2 stopped at breakeven.

See how easy it is when you let the ocean's waves come to you, rather than stepping into the ocean and trying to make your own waves?

thnx 4 your comments..... and filtering our trads ..... mistake man perfect i think i came to know wat is your mean .......and wat i m doing mistake.

thnx
Muhammad
Attached Image (click to enlarge)
Click to Enlarge Name: 21 july ej buy loss trade.gif Size: 46 KB
FxHome
  • #3,975
  • Jul 21, 2009 9:40am Jul 21, 2009 9:40am
Can this be considered good potential G/U setup? Should we stay out for now as Bernanke speaks?

Thanks,

snu.
Attached Image (click to enlarge)
Click to Enlarge Name: gbpusd 15m 21.07.09 evening.gif Size: 44 KB
  • #3,976
  • Jul 21, 2009 9:43am Jul 21, 2009 9:43am
Quoting Muhammad989
thnx 4 your comments..... and filtering our trads ..... mistake man perfect i think i came to know wat is your mean .......and wat i m doing mistake.

thnx
Muhammad
Hi Muhammad

I saw the EJ, but two things made me not take that trade:

1) I did not see a real clear pullback to a HL after the first 15 minute bar closed above the Sonic dragon, and

2) when we did finally get a pullback, it was still not "clear as day" waves, and the entry point (where you entered) was too far above the Sonic Dragon.

Those are two things I noticed that I did not like. If you compare the EU chart that I posted and the EJ that you posted, you will notice that the EU had much clearer waves, and the entry point was not too far above the Sonic dragon. I have found that when the entry point is too far above or below the dragon, then price often does not reach even the first TP.

Good Luck,

ddaytrader
  • #3,977
  • Jul 21, 2009 9:56am Jul 21, 2009 9:56am
Quoting snusnufreak
Can this be considered good potential G/U setup? Should we stay out for now as Bernanke speaks?

Thanks,

snu.
GU has potential nice wave pattern for long. I don't want to start talking people into taking trades or not taking trades. We each have to learn this on our own and learn to make our own decisions. However, there are two things about the GU that concern me:

1) the entry point looks like it is already about 50 pips above the SonicR. That doesn't mean it won't make it to TP, but my own experience seems to indicate that the best SonicR entries are 5-25 pips above/below the Sonic dragon, and once you get +/- 50 for entry, then a lot of energy is already used up by the market and TP's are not reached as often. This doesn't mean don't take it, but you might want to trade with a closer stop and trail tightly.

2) The entry point is right below overhead resistance. I like to see 40-50 pips between entry and stiff resistance/support. Again, it does not mean don't take it, but you should be careful if you do.

I also see that the GU could be setting up for another short leg down.

Right now, I do not see any entries setting up that I like. If I do not get another trade until tonight or tomorrow, that is fine with me.

But you need to trade what you see. Do not let me talk you inot or out of a trade.

Good Luck,

ddaytrader
  • #3,978
  • Jul 21, 2009 10:07am Jul 21, 2009 10:07am
Good analysis with great margin for safety which is always paramount to living to trade another day.

One question I have is based on Sonics rules i thought we should only go long when the dragon is above the 89ema (purple line), not so or not as important?

TIA
L


Quoting ddaytrader
GU has potential nice wave pattern for long....
  • #3,979
  • Jul 21, 2009 10:07am Jul 21, 2009 10:07am
Quoting ddaytrader
But you need to trade what you see. Do not let me talk you inot or out of a trade.

Good Luck,

ddaytrader

Thank you, DD!

I'm not gonna let you do that . I just ask to see if I see the set up the same way experienced people like you do it. From your post I learned following things:

1) allways look for clear as day wave formation.
2) Be careful if waves form to far away from Sonic channels
3) Make sure that waves form far enough from any S&R lvls

Regards,

snu.
  • #3,980
  • Jul 21, 2009 10:13am Jul 21, 2009 10:13am
Quoting lionsden
Good analysis with great margin for safety which is always paramount to living to trade another day.

One question I have is based on Sonics rules i thought we should only go long when the dragon is above the 89ema (purple line), not so or not as important?

TIA
L
From Sonic post #3624, pg 242 from this thread:

Quoting sonicdeejay
89 EMA is an "directional" indi and it does not decide a trade
Sonic
I do not think that the dragon's position to the 89 is at all relevant. But you do want the dragon trending up for longs and trending down for shorts.
23 traders viewing now