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Sonic R. System

  • #4,021
  • Jul 22, 2009 5:02am Jul 22, 2009 5:02am
i study last night all of my previous mistake and learn my loss trade DD really help me a lot and he has good Analise ......i think this trade has no any bad ideas .....feel free and comments .i m junior and i wanna learn from u guyzz specialy DD and Sonic

Thnx

Muhammad
Attached Image(s) (click to enlarge)
Click to Enlarge Name: 22 july sell gu.gif Size: 44 KB
Click to Enlarge Name: 22 july sell gu winning trade.gif Size: 46 KB
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  • #4,022
  • Jul 22, 2009 5:09am Jul 22, 2009 5:09am
hey guys,

which is the current template for this method?

thanks
  • #4,023
  • Jul 22, 2009 5:17am Jul 22, 2009 5:17am
I Don't Like Price Formations Today. I'm Out !

Regards,
Basber
Trading methods are designed to put the odds in our favor, not predicting.
  • #4,024
  • Jul 22, 2009 5:21am Jul 22, 2009 5:21am
Quoting FOURX
hey guys,

which is the current template for this method?

thanks
Everyone Changes The Template That His/Her Eyes Are More Comfortable With. The Template In V3 Zip File, Is Something That I Am Comfortable With, But All Indis Or Other Things Are Same In Different Template. Change The Color If You Wish So ... I Don't Like White Background, It Feels Like That I'm Dead (And In Heaven Ofcourse )!!!

Regards,
Basber
Trading methods are designed to put the odds in our favor, not predicting.
  • #4,025
  • Jul 22, 2009 5:25am Jul 22, 2009 5:25am
Quoting allon
Hi ddaytader,

Thanks for the reply, I have started reading the posts but as there are a lot of them it's going to take some time.
I will set up my own templates and see which I prefer, maybe I will try several to get the feel of how they operate.

I noticed on a quick browse through that there are a lot of abbreviations, HH, HL etc I understand, but if anyone has a list of the many used on this thread it would be gratefully received.

Regards Allon
Sorry, I Don't Get You Allon.

P.S. Just In Case : Some Indis That Have Been Used In This System Changes Over Time, If You See The First Examples In Threat, There Are Some Indicators That Are Not Used Now. System Had A Little Upgrade, But The Main Subject Remains Constant. V3 Is The Latest One That Most Sonicers Use.

Regards,
Basber
Trading methods are designed to put the odds in our favor, not predicting.
  • #4,026
  • Jul 22, 2009 5:47am Jul 22, 2009 5:47am
EJ trade status :

one trade closed at +10
one trade still opened . currently at -4
  • #4,027
  • Jul 22, 2009 6:11am Jul 22, 2009 6:11am
Almost all pairs is ranging inside TL.

watch out ~
trade safe
  • #4,028
  • Jul 22, 2009 7:32am Jul 22, 2009 7:32am
Quoting Basber
I Don't Like Price Formations Today. I'm Out !

Regards,
Basber


Good Morning Sonikers!

I quote you, Basber, because I certainly agree with your sentiment. So far it has been a very choppy couple of days. As you know, I like only to trade the most "clear as day" swings. You and I both are firmly in the "Be More Picky" school of thought.

The only trade I would have taken this morning is this long on the GU:

EP 1.6392
SL 1.6345
TP1 1.6452 (hit) +60
TP2 1.6482 (open) +90

However, it triggered at 06:15 NYC time and this morning I did not awake until 06:30. Right now, TP would have been banked at +60, and the stop loss would be at BE. It looks like the BE stop will soon be hit.

Good Luck today, Sonikers, to each and everyone,

ddaytrader
Attached Image (click to enlarge)
Click to Enlarge Name: GU 7-22-2009 Sonc Short1.jpg Size: 173 KB
  • #4,029
  • Jul 22, 2009 7:40am Jul 22, 2009 7:40am
Quoting Basber
I Don't Like Price Formations Today. I'm Out !

Regards,
Basber
choppy day today. shrugs
trade safe
  • #4,030
  • Edited 8:00am Jul 22, 2009 7:58am | Edited 8:00am
Quoting Muhammad989
i study last night all of my previous mistake and learn my loss trade DD really help me a lot and he has good Analise ......i think this trade has no any bad ideas .....feel free and comments .i m junior and i wanna learn from u guyzz specialy DD and Sonic

Thnx

Muhammad
Hi there Muhammad,

Congratulations! It appears from your chart that your trade hit its TP!

I do not know if I would have taken that trade or not. I might have. It is not one that stands out to me, even after the fact, as an "ideal" or "obvious" trade for me. But just because I may not have traded it does not mean you were wrong. Look at your chart again: The GU was consolidating at support after a strong decline, and you entered on a break of support. That is, in my opinion, always the best way to enter a trade. In other words, you did not randomly sell it, but you sold it based upon sound technical analysis. I do not know if Sonic would consider it a SonicR. I would say that it was not a Classic SonicR, but it was a reasonable trade to make. After all, there is more than one way to make a profit. As long as your profits (and losses) come from sound set-ups, then you are trading well. I am very happy for you today!

Also, I have been following your trades since you started here at Sonic's. You are doing very well, and you should be quite proud of yourself. Yesterday, you just entered when price had already moved so much (read over the comments that Sonic and I made about your EJ trade yesterday).

You are a talented trader. Do not let a few losses destroy your confidence. But also, do not let yourself become too confident. We all need to be patient and humble while remaining confident in our trading rules.

It is always a good idea to review your past trades and charts. I still go over mine as well.

Keep up the excellent work,

ddaytrader
  • #4,031
  • Jul 22, 2009 8:11am Jul 22, 2009 8:11am
Quoting ddaytrader
Hi there Muhammad,

Congratulations! It appears from your chart that your trade hit its TP!

I do not know if I would have taken that trade or not. I might have. It is not one that stands out to me, even after the fact, as an "ideal" or "obvious" trade for me. But just because I may not have traded it does not mean you were wrong. Look at your chart again: The GU was consolidating at support after a strong decline, and you entered on a break of support. That is, in my opinion, always the best way to enter a trade. In other words, [u]you...

very thx for your kind of words DD......i m very happy someone is comments my trads and pass the positive ideas ....one thing i noted that i feel too confidence and that wrong .......its all about i knew from DD comments and hes great sentences i say thx again
2nd thing allways do study inside the trading your trads positive or negative..]
thnx DD

Muhammad
FxHome
  • #4,032
  • Jul 22, 2009 8:24am Jul 22, 2009 8:24am
Yeah, no trades for me today.

Just no telling where price was going.

http://confuse-a-cat.com/ninja-cat.jpg
Starting to see instead of just looking.
  • #4,033
  • Jul 22, 2009 8:37am Jul 22, 2009 8:37am
Quoting sonicdeejay
Diff ppl see differently...

Even if it rectracement...we should wait for Bullish engulfing or Hammer candle before we go long...
Look at grey rectangle of the pic...in "13 July" Hammer Candle D1 TF...by then we already have HH and HL in M15 Sonic R (<---- another hint of SONIC R success secret)...

http://www.gifbin.com/bin/1236681958_hammer-time.gif

Sonic
DD..Basber .and Rasta,,,

Go see this thread...post 4009...
Can give me the answer??

Sonic
  • #4,034
  • Jul 22, 2009 8:45am Jul 22, 2009 8:45am
Quoting sonicdeejay
DD..Basber .and Rasta,,,

Go see this thread...post 4009...
Can give me the answer??

Sonic
Answer to what sonic?

I don't see any question in that post.

I think maybe, marking the charts with trend predictions is a grave mistake I made.
It brainwashes me so that I can't see what is going on with PA.
Starting to see instead of just looking.
  • #4,035
  • Jul 22, 2009 9:07am Jul 22, 2009 9:07am
Quoting sonicdeejay
DD..Basber .and Rasta,,,

Go see this thread...post 4009...
Can give me the answer??

Sonic
I think that the Sonic may be referring to the fact that the SonicR M15 TF will show us the right side of the market early, while those waiting to get long on a daily signal should wait until a bullish candle forms. Sonikers will already be long becasue of the and when others are just getting in, we are already taking our profits and getting ready to party

But seriously, I think Sonic means this: On the daily TF, we want to see a bullish confirmation before getting long. Since we already had a HH and a HL, then we were ready for the rally that made the bullish candle. That is a secret to why the SonicR is so successful: It gets us in after the trend has turned on the 15M so we are already long (or short) when the dailyTF confirms.

I'm sure Sonic will let us know exactly what he means when he is ready.

ddaytrader
  • #4,036
  • Jul 22, 2009 9:21am Jul 22, 2009 9:21am
Hi Sonikers!

I'm looking at the GU. Right now, I have it set up to be a short:

EP: 1.6352
SL: 1.6407
TP1: 1.6300 +52
TP2: 1.6272 +80

This could very easily turn into a SonicR Long instead of a short, and if the little rally so far turns into a bigger rally before forming a clear HL, then it would be no trade for me at all.

ddaytrader
Attached Image (click to enlarge)
Click to Enlarge Name: GU 7-22-2009 SonicShort but Could Go long1.jpg Size: 176 KB
  • #4,037
  • Jul 22, 2009 9:23am Jul 22, 2009 9:23am
Quoting ddaytrader
Hi Sonikers!

I'm looking at the GU. Right now, I have it set up to be a short:

EP: 1.6352
SL: 1.6407
TP1: 1.6300 +52
TP2: 1.6272 +80

This could very easily turn into a SonicR Long instead of a short, and if the little rally so far turns into a bigger rally before forming a clear HL, then it would be no trade for me at all.

ddaytrader

exactly, ranging market
trade safe
  • #4,038
  • Jul 22, 2009 9:39am Jul 22, 2009 9:39am
yeah choppy market today .. only managed to grab +10 .. second trade on EJ end-up break-even . hope better market tomorrow ..i need a new HTC ..
  • #4,039
  • Jul 22, 2009 9:42am Jul 22, 2009 9:42am
Quoting ddaytrader
Hi Sonikers!

I'm looking at the GU. Right now, I have it set up to be a short:

EP: 1.6352
SL: 1.6407
TP1: 1.6300 +52
TP2: 1.6272 +80

This could very easily turn into a SonicR Long instead of a short, and if the little rally so far turns into a bigger rally before forming a clear HL, then it would be no trade for me at all.

ddaytrader
Well, the short is off the table, at least for now. And the GU is strong right now, and if goes much higher before the pullback, the R/R for a long will not be too favorable as it will run into the upper channel trendline a mere 19 pips from its current high.

I see the US markets moving down while GU moving up and EU stuck in the mud. Somewhat unusual, and it usually means a confused market. If the market isn't confused, I sure am. GU has been straight up from 1.635x. EU still stuck in the mud. EJ still stuck in the mud.

It is time to renew my patience, or else I will do something stupid.
  • #4,040
  • Edited 10:11am Jul 22, 2009 10:01am | Edited 10:11am
EJ long just snuck up on me and triggered. I entered my entry price wrong (I entered 133.99 instead of 132.99 and so I obviously did not get filled).

Chart to follow - I'm trying to see if we get a pullback for me to enter on.
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