Sonic R. System | Page 210 | 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

  • #4,181
  • Jul 24, 2009 10:04am Jul 24, 2009 10:04am
Quoting ddaytrader
EJ Short

EP @ 1.3467
SL @ 1.3507 (-40)
TP1 @ 1.3437 (+30)
TP2 @ 1.3420 (+47)

While typing this, price bounced from lower channel, and as it is Friday, my stop loss is now at entry (breakeven).
Well, that was quick - stopped at breakeven. And now it is dropping again. That is how it goes sometimes. I know Sonic does not trade Fridays. I, on the other hand, will enter a new trade up to 11:00 EDT (NYC time) on Friday. The closer my entry is to that time, the less of a "leash" I give it. Under normal circumstances, this should be a good SonicR, and both targets should easily be reached. I chose close targets because, again, it is Friday, late session. But if I had lost here, I know there is no opportunity to make it up until next week. If I had reached my goal for the week, which is 200 pips, I would have risked the 40 pip loss a bit longer.

That looks like that will be it for me for the week.

For this week, my SonicPip count finishes at +157. If I had properly entered my entry order for my EJ long trade on Wednesday, which hit for +56, my count for the week would have been +213, which is right wround my trailing five week average of +208 pips/week.

As it is, my new trailing 5 week average is now +197 (197.8 to be precise) pips. Still respectable.

Have a good weekend, Sonikers!
Attached Image (click to enlarge)
Click to Enlarge Name: EJ 7-24-2009 Sonic Short3.jpg Size: 171 KB
  • #4,182
  • Jul 24, 2009 10:12am Jul 24, 2009 10:12am
There is the first target.
Attached Image (click to enlarge)
Click to Enlarge Name: EJ 7-24-2009 Sonic Short4.jpg Size: 167 KB
  • #4,183
  • Jul 24, 2009 10:51am Jul 24, 2009 10:51am
its raining day here and there electricity problm ....i miss morining setup wich is e/u and e/j .......and no worry today also Friday i dont rush on trade ....
FxHome
  • #4,184
  • Jul 24, 2009 2:50pm Jul 24, 2009 2:50pm
Quoting ddaytrader
Hi Rastaman,

What I meant was simply that we need to study how to identify clear swings that give us the H-HL-HH and L-LH-LL. S, first and foremost, concentrate your study on the very simple H-L-HH and L-H-LL sequences.

As far as Elliot Wave, I do study Frost and Prechter's book once or twice each year, mostly those sections that have to do with wave identification and wave personality. The fibonacci characteristics of EW is, as you already know, are valuable in projecting which S/R may be most important and reliable. Sonic has built those into...
This does clear up a lot for me. As far as the waves, I wasn't looking back far enough and the choppiness was just prior to the break.
  • #4,185
  • Jul 24, 2009 2:51pm Jul 24, 2009 2:51pm
Quoting Muhammad989
its raining day here and there electricity problm ....i miss morining setup wich is e/u and e/j .......and no worry today also Friday i dont rush on trade ....

Very wise and I appreciate your posts. Very helpful.
  • #4,186
  • Jul 24, 2009 7:01pm Jul 24, 2009 7:01pm
Quoting ddaytrader

For this week, my SonicPip count finishes at +157. If I had properly entered my entry order for my EJ long trade on Wednesday, which hit for +56, my count for the week would have been +213, which is right wround my trailing five week average of +208 pips/week.

As it is, my new trailing 5 week average is now +197 (197.8 to be precise) pips. Still respectable.

Have a good weekend, Sonikers!
How to spot a rich guy!!!

http://sidesalad.net/archives/RichGuyJpg.jpg

Have a nice weekend,,,

Sonic
  • #4,187
  • Jul 24, 2009 8:23pm Jul 24, 2009 8:23pm
Thanks DD, will read the recommended wave identification section over the weekend.
Starting to see instead of just looking.
  • #4,188
  • Jul 24, 2009 9:26pm Jul 24, 2009 9:26pm
Quoting Rastaman
Thanks DD, will read the recommended wave identification section over the weekend.
Elliot Wave theory can be very seductive in that it seems on sme readings to offer predictability. I assure you it does not.

Use it only to help you sharpen your application of the SonicR.

Please, do not let it take you off the profitable path you are on.

Keep It Simple, Soniker!
  • #4,189
  • Jul 24, 2009 10:25pm Jul 24, 2009 10:25pm
Quoting ddaytrader
Elliot Wave theory can be very seductive in that it seems on sme readings to offer predictability. I assure you it does not.

Use it only to help you sharpen your application of the SonicR.

Please, do not let it take you off the profitable path you are on.

Keep It Simple, Soniker!

Valid point you make there DD.

I am just looking at Sonics wave and the importance of the HH HL sequence
I may be wrong here but at first look it appears that Sonic has simplified identification of the 5th EL Motive wave, by looking for corrective waves 2 & 4 ?
Attached Image (click to enlarge)
Click to Enlarge Name: ew.jpg Size: 123 KB
Starting to see instead of just looking.
  • #4,190
  • Edited Jul 25, 2009 5:32am Jul 24, 2009 10:44pm | Edited Jul 25, 2009 5:32am
Maybe this is the a better way to grasp it?
Please, let me know if I am barking up the wrong tree here.
Attached Image (click to enlarge)
Click to Enlarge Name: Sonic.jpg Size: 92 KB
Starting to see instead of just looking.
  • #4,191
  • Jul 25, 2009 10:05am Jul 25, 2009 10:05am
Quoting Rastaman
Valid point you make there DD.

I am just looking at Sonics wave and the importance of the HH HL sequence
I may be wrong here but at first look it appears that Sonic has simplified identification of the 5th EL Motive wave, by looking for corrective waves 2 & 4 ?
Again, I would advise against trying to identify and label all waves, from the most minute to the largets. Concentrate on the waves that form the High-Higher Low-Higher High and vice versa on the 15 minute time frame.

My opinion is that the SonicR identifies the potential end of a motive wave 1 and the corrective wave 2. Our entry point is when price confirms that wave 2 is over, and wave 3 has begun, This confirmation is price makes a higher high than the wave 1 high for a long, or price makes a lower low than the wave 1 low for a short.

Our Stop Loss is place below the start of wave 1 for a long position and above the high of the start of wave 1 for a short position, This is because if price retraces beyond the start of wave 1, then our wave analysis is wrong, and we need to cut out loss and wait for the next profit opportunity.

Take Profit One is placed at a support or resistance point where wave 3 might end.

After wave 3 ends, price will correct or retrace in an elliot wave 4. After wave 4 ends, the price should then make one more higher high for a long an reach out take profit two target, or decline to one more lower low and reach our take profit two target for a short.

I attached a picture using a standard Elliot Wave diagram. The Bklue is SonicR entry point, the red line is the SonicR stop Loss, and the green lines are SonicR Take Profit 1 and SonicR take profit 2. You would simply turn this on its head for a short.

I also marked up a chart of the GBPUSD from this week. This was an actual SonicR short that I took. I only used the first TP, because this trade occurred during London, and I was not awake to monitor it and adjust the stop loss. In those cases, I only aim for the first TP. Any Sonikers trading the Europe sessions would have played this for both TPs.

Again, please do not let this consume too much of you efforts, because you will stop trading SonicR and start trading Elliot Wave. SonicR works because it is common sense and practical. Elliot Wave is abstract and theoretical. Theory is fine, but it won't put profits into your product the way the very real, solid, and practial SonicR will.

You do not need Elliot Wave to trade the SonicR. Do not let this throw you off the path.

Good Luck,

d-day
Attached Image(s) (click to enlarge)
Click to Enlarge Name: Elliot Wave Meets Sonic R - Long.PNG Size: 39 KB
Click to Enlarge Name: SonicR - Taming the Elliot Wave1.jpg Size: 105 KB
  • #4,192
  • Jul 25, 2009 3:37pm Jul 25, 2009 3:37pm
Hello everybody,

@traderathome

I like your charts, they are looking nice.
How do you get the fib levels on the right side of your charts, as can be seen at post #4161. Is that any kind of indicator?
Thanks.
Enter Signature
  • #4,193
  • Jul 25, 2009 8:52pm Jul 25, 2009 8:52pm
Very interesting analysis DD and it clarifies my error in thinking that EP was the 5th motive wave. This makes looking at the Sonic entry much clearer.

I am off back to the charts to set this in my brain before Monday when I can verify my entry in real time.

Extremely grateful for your unselfish input when you probably have more fun things to do on a weekend.


PS: I am about done with EL wave and while reading it, did not allow it to overwhelm the Sonic wave.
It did help clarify the S-wave albeit a little off the mark.
Starting to see instead of just looking.
  • #4,194
  • Jul 25, 2009 9:14pm Jul 25, 2009 9:14pm
Quoting Rastaman
Extremely grateful for your unselfish input when you probably have more fun things to do on a weekend.
No problem. Helping other Sonikers helps me to because it makes me review and focus.

I always make sure to have fun everyday, not just weekends. Right now, the children are asleep, and I'm a Saturday Night Soniker - I'm reading page 194 right now.

I see that I'm not the only Sonic Student doing some Saturday Studies!
Attached Image (click to enlarge)
Click to Enlarge Name: Saturday Night Sonikers1.jpg Size: 25 KB
  • #4,195
  • Jul 25, 2009 9:27pm Jul 25, 2009 9:27pm
Quoting ddaytrader
No problem. Helping other Sonikers helps me to because it makes me review and focus.

I always make sure to have fun everyday, not just weekends. Right now, the children are asleep, and I'm a Saturday Night Soniker - I'm reading page 194 right now.

I see that I'm not the only Sonic Student doing some Saturday Studies!

Saturday night where you are but Sunday morning here.

One quick question.

Would the entry on this chart have been valid even though PA was a long way from the Tunnel? I mean once PA gets that far from the tunnel, as long as tunnel direction is in the AM zone, can we enter like this off of the 10 EMA?
Attached Image (click to enlarge)
Click to Enlarge Name: Untitled-1.jpg Size: 120 KB
Starting to see instead of just looking.
  • #4,196
  • Jul 25, 2009 10:00pm Jul 25, 2009 10:00pm
Quoting Rastaman
One quick question.

Would the entry on this chart have been valid even though PA was a long way from the Tunnel? I mean once PA gets that far from the tunnel, as long as tunnel direction is in the AM zone, can we enter like this off of the 10 EMA?
Rasta, I do not use any indicators other than the SonicR ema band. I do not use 10 ema. Depending upon how you managed the trade, your entry could have been a profit or it could have been a loss. I do not fel it was a Sonic entry. Sonic can tell us if I am wrong. It seems a very late entry to me, and if I entered there, I'd keep a very tight stop. To me, not worth the risk.

I made some notes on my chart. My question to you is this: Why wait and enter on a pullback to a 10 ema, when price gave a perfect Sonic Re-entry trade?

Also, I see that Sonic's Joint is jumping this weekend!

I'll see you later as it is 23:00 here and I am shutting down for the night.

Take Care,

ddaytrader
Attached Image (click to enlarge)
Click to Enlarge Name: Rasta GBPUSD Question1.jpg Size: 208 KB
Attached Image
  • #4,197
  • Jul 25, 2009 11:22pm Jul 25, 2009 11:22pm
I see, thanks.
Just wondered if it was possible to enter if one missed the entry.

Have fun.

Sonic has a "Jumping Joint" now isn't that original.
Starting to see instead of just looking.
  • #4,198
  • Jul 26, 2009 6:45am Jul 26, 2009 6:45am
Quoting traderathome
Basber, are you the friend that posted the MACD True indy?
I Don't Get You TAH. Could @You Clarify This Post For Me A Little Bit ?

P.S. : Sorry For The Late Answer. I Was Out Of Town a Couple Of Days.

Regards,
Basber
Trading methods are designed to put the odds in our favor, not predicting.
  • #4,199
  • Jul 26, 2009 7:10am Jul 26, 2009 7:10am
Quoting ddaytrader
Hi Rastaman,

.
.
.

BUT PLEASE, DO NOT GET BOGGED DOWN WITH THE ELLIOT WAVE MATERIAL. EVERYTHING YOU NEED TO LEARN THE SONICR IS PROVIDED BY SONIC IN THE SONICR MANUAL AND BY THE CONTRIBUTION OF MANY SONIKERS HERE ON THIS THREAD. THE ELLIOT WAVE STUFF SHOULD SUPPLEMENT YOUR STUDY OF SONICR, AND NOT REPLACE IT. LEARN SONICR FIRST, AND SAVE THE ELLIOT WAVE FOR AFTER YOU ARE COMFORTABLE AND PROFITABLE USING THE SONICR. PLEEEEEEEEEEEEEEEEEEEEEEEEEEEEASE!


Good Luck,

d-day
I'm With DD, I Suggest To Read More On Psychological Matters In Trading Other Than Waves. Because You Can Be Profitable With A Simple Knowledge Of Waves And UNDERSTANDING WELL The Manual. The Thing That Ruins Traders Account, Is Psycholigic.

The Other Thing I Read Myself About, Is Not Waves, Because You Get Same Informations In Every Book About Waves. I Meant Certain Information That Are Useful In This Strategy. I Personally Read More About Price Action, Behaviour Of Different Currencies And Knowing The Market Itself. It Helps Me Alot To UNDERSTANG The Market. Other Than That, I Read Only Psychologic Books And Keep Myself Update With Systems In Forums Like This.

Regards,
Basber
Trading methods are designed to put the odds in our favor, not predicting.
  • #4,200
  • Jul 26, 2009 7:31am Jul 26, 2009 7:31am
Quoting Rastaman
Would the entry on this chart have been valid even though PA was a long way from the Tunnel? I mean once PA gets that far from the tunnel, as long as tunnel direction is in the AM zone, can we enter like this off of the 10 EMA?
Hi Rasta,
With 10EMA On 15M Chart, You Just Get Last 2 And Half Hours Of Price Behaviour And Mostly The Last Hour. And I Don't Think It's Reliable To Take Trades On This Indi Other That Wave Analysis. I Think As DD Said, If You Missed The First Move, It's Better And Safer To Enter By Re-entry Rules. Low Peroid MAs In Low TFs Gives You A Lot Of False Confirmations.

Regards,
Basber
Trading methods are designed to put the odds in our favor, not predicting.
44 traders viewing now