Sonic R. System

Yes. It is called price.

By the time an "indicator" beeped or painted an arrow that you had the H-HL-HH it would be too late - The SonicR entry point is a buy stop placed so that you are in the market when the HH is printed.

Vice Versa for a SonicR Short (L-LH-LL).

Found it. Busy so I can't test it right now though.

Muhammad, You are a ...

Super Soniker!

Congratulations on an outstanding week!

Well played, Muhammad, well played indeed!

Thnx DD would u like to give me some suggestion about my question ..

Wow where did you find this....

I'm stumped....

OOOOOOOOOOut now enough for Friday 60+ thnx all...No trading now read some books i m waiting my answer of question..

Muhammad

It says HHighLLow V1 demo expired

IMO i dont like any indicator in my natural wave Analise with the help of Higher TF .... i wanna become a clean chart trader with the help of wave Analise..

Hello,

You can use the indicator attached/ Set the slow EMA to 5 and fast EMA to 34. When the price start crossing the sonic dragon, it will give you alert. By then, you need to verify HH/LL and other indicators.

Hopefully thsi will help

nothing beat the manual analysis...

Sonic

I presume "MM" means "market maker", i.e. retail forex broker.

I had used FXCM for years, and most recently I traded one of their micro accounts, and I was very happy. Then, two weeks ago, FXCM took stop loss and mimit orders away from US based customers. They told me I could transfer my account to their UK branch and still have stop loss and limit orders, but if I stayed in the US, no stop loss, no limit orders.

I looked around and demo'd a few brokers. I liked GFTforex and Oanda the best.

I went with Oanda because Oanda let's you trade any position size you want. You can buy $10K lot or $100k lot or as little as $1 lot! You can trade a $22,500 lot if you would like.

What this allows me to do is have excellent money management. If I want to keep my risk to $200/trade, and the SonicR set up has a 60 pip stop loss, then I could enter an order to buy $33,333 ($3.33/pip x 60 pip stop loss = $199.80 risk). If the next Sonic Trade has a 47 pip stop loss, I would enter an order on that trade for $42553 ($4.2553/pip x 47 pip stop loss = 199.99 risk). In each case, my risk is $200/trade.

I like to keep my risk to $100/trade currently. So in the above examples, I would trade 1/2 the size.

If you are trading a smaller account, maybe you want to limit your risk to $40/trade. So, with a 60 pip stop loss, you would trade a position size of $6600, which it .66 of a mini lot, or .066 of a standard 100K lot. You risk would be $0.66/pip x 60 pip stop loss = $39.60 risk). In the second trade, with a 47 pip stop loss, you would trade a position size of $8510 ($0.851/ pip * 47 pip stop loss = $39.99 risk). This is the way you grow your account and never, ever, blow it up!

You set your max risk to 2% equity/trade, and use position sizing to manage each trade so that if you are wrong, you are certain not to lose more than 2%. As your account grows larger, you keep your risk at 2%, but your position size increases because the 2% increases. For a $2000 account, keep max risk at $40. When your account grows to $2200, your max risk is now $44. If your account drops down to $1900, your max risk should be lowered to $38. This is called money management through position sizing, and it is an excellent way to protect and grow your acount.

None of this is possible at a broker who offers only round number lot sizes of 10K or 100K. A broker who offers micro lots is better than one who only offers 100k lots or 10k lots. But Oanda is the best, in that you can trade any amount of units/trade. This lets me to very precise with my money managment.

All that being said, Muhammad, I do not know which market maker is best for you. I have only traded live with Oanda for 3 days, and befoe that I demo'd them for a week. I suggest that you demo a few brokers before you decide with whom you will deposit your hard earned funds.

Good Luck,

D

Way to go Muhammad!

Rastaman wants to do the same thing, he just doesn't realize it yet. He's still in the "indicator infatuation" phase. We all have gone through it (I spent years in that phase), and if he stays with us long enough, then like you and I and other Sonikers he will give up his hopeless search for the perfect set of indicators and learn "to be one with the wave" (I know it sounds a bit mystical, but in the end becoming a Super Soniker is about learning to analyze price actions waves and trusting that those waves repeat in predictable patterns, over and over and over and over and over and over and over and .... you get the idea).

Absolutely agreed! And it took me stumbling upon a nice guy from Singapore to figure that out once and for all.

Now, who was that guy ...?

very thnx i wanna know Money management ...and u define greatly ...thnx

Muhammad

there is only one

Wow! Just woke up to see that there was great trading going on GU! It did not just do a pullback, it FLAT OUT RAN in the other direction! Manual analysis, indeed.....the way to go! I missed it, but needed the rest. Congratulations to all that profitably traded that run.

Hi everyone,

Im trying here to adapt and learn the sonic system. Posting here 2 charts that I see using the templates given in first post SonicV3 file. Kindly confirm this is the latest updated ttemplate being used. I see some channel and trendlines too on some charts and wonder whether they are because of the template or manual drawn.

Thnks

I see you all agree that Manual Analysis is the best way...I however am stuck in this indicator phase where I think that is the best way....However I am finding more and more that price action is more valuable than any indicator could ever be....

I just needed that convincing that the majority of other traders use price action more than anything else....For some reason I always thought indicators were the way forward...but after years of studying indicators I have recently come to the conclusion that most of them just paint things in the past..and price action paints the future....

Thanks guys for showing me the right way...

I just talked with a representative at FXDD. They have not changed anything since this anit-hedging stuff started. But they say that eventually all US brokers will have to become "registered" and comply with whatever regs that entails. FXDD is not yet registered and so runs its business as before. I asked about 'shifting to offshore accounts' once registration happens....and the answer was 'guarded and close to the vest'. In otherwords, it seems FXDD is doing what they need to in order to eventually become registered and yet continue to offer their clients the flexibilities they currently offer. FXDD has multiple platforms, with MT4 being the best for modest retail traders, as it handles from micro-mini sized trades up to multiple lot sized trades....which is about as flexible as it gets unless you want to break your trade size from a dollar down into pennies! What will happen when registration is accomplished....will FXDD have 'offshore' option by then? A definate answer is not currently available.

Sonic wants a HH HL indicator so, I am on a mission.