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Sonic R. System

  • #5,401
  • Aug 24, 2009 7:53am Aug 24, 2009 7:53am
Quoting ddaytrader
Good Morning Sonikers,

Looks like EJ giving mixed signals: 135.3x and 135.8x marking off EP's and SL's for bull or bear. The short looks like a nice little SH1 channel swim. The long side looks to be looking at stiff resistance just above EP, which, if broken, could lead to an explosive rally to the TPS.

I have no feling one way or the other toward either. In general, the lack of volatility has me a bit wary of taking either.
Well, I went back to bed hoping to wake to some morning pip profits, but here it is, three hours since I posted those EJ charts, and not a trade has been made. Price can go up, price can go down, and price can go sideways. I am canceling all orders for now, but chances are, the longer this thing ranges sideways, the bigger the break will be once it makes up its mind which way it wants to go. I really would like to see this market start swinging a bit before jumping in to a position.

I do believe that the last two weeks of summer may be a good two week period to log into the demo account and keep your trading capital safe and dry. Unless a significant rally leg or decline starts in the US equity markets, price action across the board will be prone to ranging, false starts, etc.

As for me, I am 152 pips short of the goal I have for the month, but I will be very, very picky as to the trades I take. I'd rather fall short 152 pips than to force trades and lose 152 pips instead of make them and end up 300+ pips short instead of only 152.

Good Luck!
Attached Image (click to enlarge)
Click to Enlarge Name: EJ 8-24-2009 Up, Down, nope - Sideways2.jpg Size: 154 KB
  • #5,402
  • Aug 24, 2009 7:53am Aug 24, 2009 7:53am
Hi,

Please advise and comment on the trade attached. Anything not following Sonic system except today is Monday. Remember Sonic did post a picture to "shoot" Monday's trader. Thanks in advance.
Attached Image (click to enlarge)
Click to Enlarge Name: GU Sonic 15.gif Size: 33 KB
  • #5,403
  • Aug 24, 2009 8:03am Aug 24, 2009 8:03am
Quoting Muhammad989
tps gonna hit and secong i m looking g/u in buy position ...
Muhammad, is the blue line your entry for short? Or are you short already and the blue line is your TP?
  • #5,404
  • Aug 24, 2009 8:08am Aug 24, 2009 8:08am
Quoting ag_fx
Hello Sonicars,

This is my bid to understand and trade this system.

Attached is a EJ M15 chart with buy and sell stops.

I would request the seasoned traders to give feedback if any.

Thanks
AG
Hi AG,

Thank you for sharing and welcome aboard!

One small request ... would you be able to size your charts a bit smaller. One a large chart is posted it makes the whole page difficult to read. If you do not know how to do it, let us know. Someone here will be able to help you (I have no idea how to make them smaller, so I use screen hunter software, which makes the charts just right all on its own).

Good Luck,

ddaytrader
  • #5,405
  • Aug 24, 2009 8:09am Aug 24, 2009 8:09am
Quoting Basber
Rest Is Up To Market ... Let's See What Will Happen

Regards,
Basber
TP Hit, +47 Pips.

Regards,
Basber
Attached Image (click to enlarge)
Click to Enlarge Name: ucad tp.gif Size: 35 KB
Trading methods are designed to put the odds in our favor, not predicting.
  • #5,406
  • Aug 24, 2009 8:10am Aug 24, 2009 8:10am
Quoting Basber
Rest Is Up To Market ... Let's See What Will Happen

Regards,
Basber

Well played, Basber! Congrats!
  • #5,407
  • Aug 24, 2009 8:15am Aug 24, 2009 8:15am
Quoting ddaytrader
Hi AG,

Thank you for sharing and welcome aboard!

One small request ... would you be able to size your charts a bit smaller. One a large chart is posted it makes the whole page difficult to read. If you do not know how to do it, let us know. Someone here will be able to help you (I have no idea how to make them smaller, so I use screen hunter software, which makes the charts just right all on its own).

Good Luck,

ddaytrader
Dear Ddaytrader,
Thanks for the welcome. I realised that for myself and have reduced my chart size with every post. Progrressively dimnishing them

I will see to it that it doesnt cause a problem and would be able to work around with it.

AG
  • #5,408
  • Aug 24, 2009 8:17am Aug 24, 2009 8:17am
Quoting Basber
TP Hit, +47 Pips.

Regards,
Basber
Well played Basber.

If you can, kindly let us know how did you place the Tgt?I was scanning my chart and couldnt see a level at 1.0735. The fibo S2 that I see is at 1.0729. Did you keep some sort of a buffer to accomodate some slippage and spread?

Thanks

AG
  • #5,409
  • Aug 24, 2009 8:19am Aug 24, 2009 8:19am
no DD i m out 45 + today blue line is my tp 1st


Quoting ddaytrader
Muhammad, is the blue line your entry for short? Or are you short already and the blue line is your TP?
FxHome
  • #5,410
  • Aug 24, 2009 8:21am Aug 24, 2009 8:21am
GU: Back in short, same targets, a bit lower entry.
Attached Image (click to enlarge)
Click to Enlarge Name: screenshot # 185.gif Size: 50 KB
  • #5,411
  • Aug 24, 2009 8:26am Aug 24, 2009 8:26am
Quoting p2pfast
Hi,

Please advise and comment on the trade attached. Anything not following Sonic system except today is Monday. Remember Sonic did post a picture to "shoot" Monday's trader. Thanks in advance.
If You Entered, You Entered Early. But If It's a Buy Stop Order, It's OK Due To Rules (See The Picture). But I Don't Like The Formation Of The Wave. It's Too Choppy.

Regards,
Basber
Attached Image (click to enlarge)
Click to Enlarge Name: GU%20Sonic%2015.gif Size: 39 KB
Trading methods are designed to put the odds in our favor, not predicting.
  • #5,412
  • Aug 24, 2009 8:32am Aug 24, 2009 8:32am
Quoting p2pfast
Hi,

Please advise and comment on the trade attached. Anything not following Sonic system except today is Monday. Remember Sonic did post a picture to "shoot" Monday's trader. Thanks in advance.
Hi p2pfast,

I can't put my finger on it, but I do not see anything right now that strikes my fancy as a good SonicR set up, here on the GU or elsewhere.

I do not trade the UCad typically, but even if I did, the short UCad hat Basber and Muhammad took was not one that I would have been eager to participate in. Again, I cannot point to anything in particular, other than I just do not see the swings I like to see. I guess that is it: While I see H-HL and L-LH etc., none of them look like the type of swings that initiate good moves.

But I have gotten very picky, and as I result, I sometimes miss good moves that other Sonikers catch, and I still do not manage to eliminate losses, so my opinion is just one and not necessarily the correct one.

Good Luck,

ddaytrader
  • #5,413
  • Aug 24, 2009 8:33am Aug 24, 2009 8:33am
Quoting ag_fx
Well played Basber.

If you can, kindly let us know how did you place the Tgt?I was scanning my chart and couldnt see a level at 1.0735. The fibo S2 that I see is at 1.0729. Did you keep some sort of a buffer to accomodate some slippage and spread?

Thanks

AG
Thank You AG
As You Said, It's At 1.0728-9, Consider It 1.0730. Most Platforms Are Based On "Bid" Price. And I Have a Short Entry, So When I Analyze The Chart, I See S2 At 1.0730 And The Last Swing High Was At 1.0816, And Because I Entered Short, All My Orders Are Buy Orders, So When I Want To Enter It In My Position, I Will Add The Spread, That's Why I Took Profit At 1.0735 And Put SL At 1.0721.

P.S. :

Quoting ddaytrader
Well played, Basber! Congrats!
Thanks DD

Regards,
Basber
Trading methods are designed to put the odds in our favor, not predicting.
  • #5,414
  • Aug 24, 2009 8:37am Aug 24, 2009 8:37am
Thans Basber. i still need more trading experience on Sonic System. Seem easy but ....
  • #5,415
  • Aug 24, 2009 8:43am Aug 24, 2009 8:43am
Quoting Basber
Thank You AG
As You Said, It's At 1.0728-9, Consider It 1.0730. Most Platforms Are Based On "Bid" Price. And I Have a Short Entry, So When I Analyze The Chart, I See S2 At 1.0730 And The Last Swing High Was At 1.0816, And Because I Entered Short, All My Orders Are Buy Orders, So When I Want To Enter It In My Position, I Will Add The Spread, That's Why I Took Profit At 1.0735 And Put SL At 1.0721.

P.S. : Thank DD

Regards,
Basber
Makes sense. btw, does anyone have a clue about the repainting of SHI_Channel_MTF indicator? I just pulled it on my chart and somehow ffelt it repainted. Does anyone has any exp there with it?

Also, Basber, are their any fav pairs that you trade with Sonic R system?Coz i was reading the thread from beginning and upto 100 odd pages GJ,EJ,GU and EU seemed to be the choices. I myself thought of trying it on more pairs, but first felt the need to grasp the concepts well.

AG
  • #5,416
  • Aug 24, 2009 8:52am Aug 24, 2009 8:52am
Quoting ag_fx
Makes sense. btw, does anyone have a clue about the repainting of SHI_Channel_MTF indicator? I just pulled it on my chart and somehow ffelt it repainted. Does anyone has any exp there with it?AG
SH1 channel will draw new channel trendlines as Price Action develops. It identifies 1 hour channel when set to 60. As price action develops, channels will change.




Quoting ag_fx
Also, Basber, are their any fav pairs that you trade with Sonic R system?Coz i was reading the thread from beginning and upto 100 odd pages GJ,EJ,GU and EU seemed to be the choices. I myself thought of trying it on more pairs, but first felt the need to grasp the concepts well.

AG
I'm not Basber, but I'll chime in here:

The SonicR works on any pair and any market. I trade futures as well, and I used SonicR on ES (SP500 e-mini) and also currency 6B & 6E futures
(EURUSD & GBPUSD). There was a Soniker posting here last week using SonicR on US 30 year bonds.

The best thing to do is to foucs on what I call the main SonicR pairs - EU & EJ, GU and GJ to start. I was all over the map when I started with SonicR, and it slowed me down. Focus on four charts, and use the down time while waiting for set ups to read and re-read the manual and read, and re-read this thread.

Good Luck!
  • #5,417
  • Aug 24, 2009 8:53am Aug 24, 2009 8:53am
out now
Attached Image (click to enlarge)
Click to Enlarge Name: 24 uc sell.gif Size: 27 KB
FxHome
  • #5,418
  • Aug 24, 2009 8:56am Aug 24, 2009 8:56am
Quoting Muhammad989
out now
Nice trade Muhammad! Congrats!
  • #5,419
  • Aug 24, 2009 9:01am Aug 24, 2009 9:01am
Quoting ddaytrader
SH1 channel will draw new channel trendlines as Price Action develops....

Thanks a lot DD.

Timeframe 0
AllBars 240
BarsForFract 0

are my settings. I guess it plots 4 hr channels then? As i can see, the channel changes color and direction once we move from one TF to another. Please dont answer this question if it has been answered many times before. I am anyways reading the entire thread and wouldnt wanna bug you with useless questions. I know how irritating it is to answer same questions again and again.

Its intresting to note that you use the SonicR system on Emini too. I was wondering if you use it only during the US market hours or what?As like FX, Emini500 futures are also traded 24 hours but volumes are absymal during the night time of US.

Once again thanks to you, Basbel and of course Sonic for all the support here. I hope I am able to learn well and do something constructive here.


AG
  • #5,420
  • Aug 24, 2009 9:03am Aug 24, 2009 9:03am
Quoting Muhammad989
out now
Well done Muhammad. Are you an Asian? What country if you dont mind me asking?
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