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Sonic R. System

  • #4,541
  • Aug 4, 2009 5:14pm Aug 4, 2009 5:14pm
Quoting traderathome
ddaytrader, as fickle as things have become, though I see your thinking with the wave pattern, do you not think it better to see if PA takes out previous high first....before entry. My thinking is if PA does NOT take out this previous high, PA may plummet. Your comments?
I understand your concerns, and, as a matter of fact, I shared them myself as I considered whether or not to take this trade. This is indeed not a perfect situation. A better first TP1 would be at that high. You are right, though - not perfect by any means.
  • #4,542
  • Aug 4, 2009 5:40pm Aug 4, 2009 5:40pm
Quoting ddaytrader
I understand your concerns, and, as a matter of fact, I shared them myself as I considered whether or not to take this trade. This is indeed not a perfect situation. A better first TP1 would be at that high. You are right, though - not perfect by any means.

DD, how did that GBP/USD long trade go?
Did you manage to grab a few pips with it. Hope so!
Starting to see instead of just looking.
  • #4,543
  • Aug 4, 2009 5:52pm Aug 4, 2009 5:52pm
Quoting Rastaman
DD, how did that GBP/USD long trade go?
Did you manage to grab a few pips with it. Hope so!
Nope ... it grabbed pips from me!

I am +80 and -40 for +40 net, but this EJ long looks like it might take me for another -40 which puts me straight back to +0.

It happens, especially as I insist on trading Asia. Let's not forget that my +80 came during an overnight London trade, and my GU loss was Asia, and, if this EJ becomes a loser, it is Asia as well. Sonic advises NOT to trade Asia, so, any SonicR traded during Asia is not a Sonic-approved SonicR.
  • #4,544
  • Aug 4, 2009 5:57pm Aug 4, 2009 5:57pm
Quoting ddaytrader
Nope ... it grabbed pips from me!

I am +80 and -40 for +40 net, but this EJ long looks like it might take me for another -40 which puts me straight back to +0.

It happens, especially as I insist on trading Asia. Let's not forget that my +80 came during an overnight London trade, and my GU loss was Asia, and, if this EJ becomes a loser, it is Asia as well. Sonic advises NOT to trade Asia, so, any SonicR traded during Asia is not a Sonic-approved SonicR.
How come you trade the Asian session then?
Is it really the only convenient time for you?
Starting to see instead of just looking.
  • #4,545
  • Aug 4, 2009 6:17pm Aug 4, 2009 6:17pm
Quoting Rastaman
How come you trade the Asian session then?
Is it really the only convenient time for you?
I usually only trade the Yen crosses during Asia. I have had much success trading EJ especially during Asia. Last night was a fluke - I do not usually trade GU during Asia. But EJ, GJ, and UJ have done well for me during all sessions, including Asia.

I just wanted to make sure newer people reading this didn't get too discouraged if they read my losing GU last night. SonicR is a great system, and newer traders should stick to Sonic's rules for it.
  • #4,546
  • Aug 4, 2009 6:18pm Aug 4, 2009 6:18pm
Quoting Rastaman
How come you trade the Asian session then?
Is it really the only convenient time for you?

Guys,

Trading is like making sure all the conditions in you favour and minimising the odds against you. That will give you a profitable trade.
To me, trading during Asian is like adding yourself unnecessary odds that will most likely go against you.
So, I will rather stay put during Asian Time

Sonic
  • #4,547
  • Aug 4, 2009 6:42pm Aug 4, 2009 6:42pm
You guys should read this..

Sonic
Attached File(s)
File Type: pdf Trade Like a Dealer.pdf   113 KB | 1,934 downloads
  • #4,548
  • Aug 4, 2009 7:00pm Aug 4, 2009 7:00pm
DD. I know you didn't take this EJ trade by Sonicr rules but I am wondering what got you to take this trade, with the LH & LL right before you entered.

Just for my reference as I also seem to take the occasional trade like this and I am starting to wonder, why this is?
Attached Image (click to enlarge)
Click to Enlarge Name: pic.jpg Size: 75 KB
Starting to see instead of just looking.
  • #4,549
  • Aug 4, 2009 7:19pm Aug 4, 2009 7:19pm
Quoting Rastaman
DD. I know you didn't take this EJ trade by Sonicr rules but I am wondering what got you to take this trade, with the LH & LL right before you entered.

Just for my reference as I also seem to take the occasional trade like this and I am starting to wonder, why this is?
Well, the only SonicR rule I violated was that I traded during Asia. Everything else about the trade, I believe, is in keeping with SonicR.

In my opinion, you have misidentified the pertinent swing points for wave analysis. You seem to be identifying minor moves within a larger swing. I may be wrong, but if you look at my chart, this is how I have come to look for SonicR waves.
Attached Image (click to enlarge)
Click to Enlarge Name: EJ 8-4-2009 Asia SonicR Long4.jpg Size: 179 KB
  • #4,550
  • Aug 4, 2009 7:25pm Aug 4, 2009 7:25pm
Quoting sonicdeejay
You guys should read this..

Sonic
Interesting article, scaling in and counter trend.

I liked the part about trading less for more profit in the long run.

So basically, when the sheep are buying like crazy, hurded into one side of the market, the wolves are trading like mad in the opposite direction, unknown to the sheep who blissfully enter with an extra lot as they can't believe their luck. Then, it is barbecue time before they know it!
Starting to see instead of just looking.
  • #4,551
  • Aug 4, 2009 7:26pm Aug 4, 2009 7:26pm
Quoting ddaytrader
Well, the only SonicR rule I violated was that I traded during Asia. Everything else about the trade, I believe, is in keeping with SonicR.

In my opinion, you have misidentified the pertinent swing points for wave analysis. You seem to be identifying minor moves within a larger swing. I may be wrong, but if you look at my chart, this is how I have come to look for SonicR waves.
You may be right DD, as you said before, I can't see the wall for the bricks, sometimes.


My eye seems to get caught up on the LH & LL for some reason in these short waves.
Attached Image (click to enlarge)
Click to Enlarge Name: EJ 8-4-2009 Asia SonicR Long4.jpg Size: 149 KB
Starting to see instead of just looking.
  • #4,552
  • Aug 4, 2009 8:08pm Aug 4, 2009 8:08pm
here's how i see EJ. beside, CCI is all in the red at the moment

Attached Image (click to enlarge)
Click to Enlarge Name: 5th-1104-ej.gif Size: 45 KB



  • #4,553
  • Aug 4, 2009 8:16pm Aug 4, 2009 8:16pm
Quoting Rastaman
Interesting article, scaling in and counter trend.

I liked the part about trading less for more profit in the long run.

So basically, when the sheep are buying like crazy, hurded into one side of the market, the wolves are trading like mad in the opposite direction, unknown to the sheep who blissfully enter with an extra lot as they can't believe their luck. Then, it is barbecue time before they know it!

No bro..

u shd read carefully on the last paragraph...

Quote
Applying Dealing Methods to Trend...

Sonic
  • #4,554
  • Aug 4, 2009 9:17pm Aug 4, 2009 9:17pm
Quoting sonicdeejay
No bro..

u shd read carefully on the last paragraph...



Sonic
You mean this paragraph?

As shown in Figure 1, the trader can scale into the trade
three times. By diversifying his position, he does not even need to have price exceed his
initial entry point to record a profitable trade! If, however, he is correct in anticipating the
direction, he still can capture the move with a partial entry. Consequently, by modifying the
risk, the retail speculator can improve his approach and truly begin trading like a dealer.


http://www.sfomag.com/images/charts/...aler_chart.jpg


WHile I uderstand the benefit of scaling in, I don't really get this part.

"By diversifying his position, he does not even need to have price exceed his initial entry point to record a profitable trade!"

How can he take profit if price does not exceed the original EP?
Starting to see instead of just looking.
  • #4,555
  • Aug 4, 2009 10:00pm Aug 4, 2009 10:00pm
Quoting Rastaman
You mean this paragraph?

As shown in Figure 1, the trader can scale into the trade
three times. By diversifying his position, he does not even need to have price exceed his
initial entry point to record a profitable trade! If, however, he is correct in anticipating the
direction, he still can capture the move with a partial entry. Consequently, by modifying the
risk, the retail speculator can improve his approach and truly begin trading like a dealer.


http://www.sfomag.com/images/charts/...aler_chart.jpg


WHile I uderstand the...
That means since the person buy in 3 times with 3 different prices...so his avg price(see green dotted line) is 'cheaper' than 1st entry (e.g 1.298)..

so once the price bounce back up to 1.298 level... He is already in + region...

Hope it helps.
Sonic

P.S it has nothing to do with Sonic R for now..just t nice article sharing....
  • #4,556
  • Aug 4, 2009 10:04pm Aug 4, 2009 10:04pm
Quoting sonicdeejay
That means since the person buy in 3 times with 3 different prices...so his avg price(see green dotted line) is 'cheaper' than 1st entry (e.g 1.298)..

so once the price bounce back up to 1.298 level... He is already in + region...

Hope it helps.
Sonic

P.S it has nothing to do with Sonic R for now..just t nice article sharing....

What happens if after his third LONG entry, price continues to go South?
Considering he is going LONG while price is declining towards his STOP, I think is not for those of the faint of heart.
Starting to see instead of just looking.
  • #4,557
  • Aug 4, 2009 10:12pm Aug 4, 2009 10:12pm
I must be really hung over from last night as I can only see that trade 3 is in profit at his BE point. Therefore, I do not see the benefit of entering trade 1 & 2 so early. I understand that his 3rd trade is the largest and will cover the first two trades. Still. aren't those trades still going to undermine the 3rd trade to some extent?
Attached Image
Starting to see instead of just looking.
  • #4,558
  • Aug 4, 2009 10:23pm Aug 4, 2009 10:23pm
all 6 pair stated moving .. anyone in a trade ? or should we wait for US session ?

Attached Image (click to enlarge)
Click to Enlarge Name: 5th-1320.gif Size: 101 KB



  • #4,559
  • Aug 4, 2009 10:44pm Aug 4, 2009 10:44pm
Quoting LittleTrader
all 6 pair stated moving .. anyone in a trade ? or should we wait for US session ?

Attachment



On my charts it looks like most of them are moving in the opposite direction to the Long term trend.

I am staying out till London opens.
Attached Image (click to enlarge)
Click to Enlarge Name: pic.jpg Size: 569 KB
Starting to see instead of just looking.
  • #4,560
  • Aug 4, 2009 10:46pm Aug 4, 2009 10:46pm
I've been reading this thread since yesterday. I think this system is good. But i downloaded the attachments and the sonicv3 refused to download. Can i trade with sonicrv1 and 2 only?
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