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Sonic R. System

  • #5,441
  • Aug 24, 2009 11:15am Aug 24, 2009 11:15am
What a rough night. I entered early this morning on the GY and managed to pull out 20 pips with a tight TP due to no price action. Was sweating all night hoping it would hit and late this morning it did.

How does anyone see the potential for a ranging market as last night? Do we still enter on a SonicR signal or wait due to some price action I did not see?

Plan the Trade : Trade the Plan
  • #5,442
  • Aug 24, 2009 11:38am Aug 24, 2009 11:38am
Quoting ag_fx
Ok Sonikars,

I am here with another question and hope if someone can help me.

Attahched is a GJ M15 chart upto now. I have marked three points as 1,2,3, all are swing lows. As the day progresses, we get point 1 as L, then a H, then a Higher Low and another High. and then another lower low. How do we count wave here. Had we been watching the chart through the day, where would have we entered according to the system?

Any other views on the chart please.

Thnks

AG


http://img30.imageshack.us/img30/5836/gjm15.gif...
Here is the picture.
Attached Image (click to enlarge)
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  • #5,443
  • Aug 24, 2009 12:57pm Aug 24, 2009 12:57pm
GU M15: Tp3 reached.
Attached Image (click to enlarge)
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  • #5,444
  • Aug 24, 2009 1:45pm Aug 24, 2009 1:45pm
Quoting traderathome
GU M15: Tp3 reached.

It's all there in black and white ... all the price action that's fit to print!
  • #5,445
  • Aug 24, 2009 2:31pm Aug 24, 2009 2:31pm
Quoting ag_fx
Ok Sonikars,

I am here with another question and hope if someone can help me.

Attahched is a GJ M15 chart upto now. I have marked three points as 1,2,3, all are swing lows. As the day progresses, we get point 1 as L, then a H, then a Higher Low and another High. and then another lower low. How do we count wave here. Had we been watching the chart through the day, where would have we entered according to the system?

Any other views on the chart please.

Thnks

AG
Hi Ag,

I think a case could be made for a potenital SonicR long entry with a buy stop above the High(s) above your L-HL. However, these two higs are within 2 pips of one another, and on the GJ I usually add the spread to the high to obtain my entry point. In this case, my buy stop would have been 156.70 or 156.71. In either case, my entry would not have been triggered, and no position taken.

While a case could be made for a potenital SonicR long entry, I did not place an order to do so, and on this chart I have tried to explain why. I see three red flags cautioningg again taking the long:

1) The bar that makes your initial H closes above the Sonic dragon, but the very next bar drops and closes below the dragon,

2) Almost the entire pullback into your HL consists of price action on that one bar (this causes the pullback to be out of proportion to the first wave), and

3) as already noted, after the HL, price fails to make a HH by enough pips to conclude that bullish PA might be following through.

I do not think of these as rules, per se, but I do use them as guidlelines. The hardest part of learning the SOnicR is being able to distinguish distinct waves from mere back and forth of individual bars within a wave. I have attached a second chart that shows ZigZags of varying degrees to illiustrate this, though imperfectly. As you can see, the Red Zig Zags are, for the most part, each composed of smaller blue zig zags. As you gain experience with the SonicR, you will come to be able to distinguish these from one another with greater and greater accuracy. I do NOT recomend the zig zag indicator to help you with this. This is where some of the "art" of the "art of trading" comes in, and the zig zag indicator, like all indicators, depends upon rigorous mathematical calculation, and you will thus sometimes miss the true swings by focusing upon the indicator.

By the way, I think TAH's chart in response to your question was spot on in his analysis. So, while wave analysis may seem difficult and "subjective" at times, especially when you are trying to "see" the waves for the first time and in real time, the fact is that most of us Sonikers who stick out through the learning process will usually see and trade the same set-ups independently of one another.

Good Luck,

ddaytrader
Attached Image(s) (click to enlarge)
Click to Enlarge Name: GJ 8-24-2009 AGs Question1.jpg Size: 119 KB
Click to Enlarge Name: GJ 8-24-2009 ZigZags of Varying Degree1.jpg Size: 113 KB
  • #5,446
  • Aug 24, 2009 2:37pm Aug 24, 2009 2:37pm
Quoting traderathome
Here is the picture.
TAH,

One pic says a 1000 words. Thanks man :

Another doubt here. I see your entry point marked on the chart. While I was thinking that the entry should have been below the candle marked "L" on ur chart. Or i can say, below the Hammer low. But I see your entry point below the low of the bar closing under the dragon. Untill that point we were having sideways movement. Was it a safe entry? If yes, how?

Thanks
AG
  • #5,447
  • Aug 24, 2009 2:41pm Aug 24, 2009 2:41pm
Quoting ddaytrader
Hi Ag,
.
.
.
.
.
By the way, I think TAH's chart in response to your question was spot on in his analysis. So, while wave analysis may seem difficult and "subjective" at times, especially when you are trying to "see" the waves for the first time and in real time, the fact is that most of us Sonikers who stick out through the learning process will usually see and trade the same set-ups independently of one another.

Good Luck,

ddaytrader
Thanks DD. Noted very bit of your point. While I myself have thought of a few of those you mentioned, but your insight was certainly helpful.

I have traded a system similar to SonicR for some time on equities. But he problem there was a lot of sideways movement whipped the system apart. The SonicR system has given me the said "Edge" and I hope I wil be able to grasp it well and fast because of my previous exp with a similar wave analysis based system.

Nonetheless thanks DD.

I will keep firing those questions and I hope you guys dont mind.

Its bed time for me. Already late night here.

Cya tommorrow


AG
  • #5,448
  • Aug 24, 2009 2:57pm Aug 24, 2009 2:57pm
UJ M15: You know, if this were FO or LO time, this is how I'd see it...
I think Sonic has missed the boat calling this strategy "SonicR". I think it should be called.....

Sonic Lightning!
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  • #5,449
  • Aug 24, 2009 3:43pm Aug 24, 2009 3:43pm
TAH i like your chart can u send me your temp.????
FxHome
  • #5,450
  • Aug 24, 2009 5:19pm Aug 24, 2009 5:19pm
Is considered a valid entry?
Attached Image (click to enlarge)
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  • #5,451
  • Aug 24, 2009 5:42pm Aug 24, 2009 5:42pm
Quoting Muhammad989
TAH i like your chart can u send me your temp.????
Muhammad989, I am continuing to work on the pivot indys. The template won't be available until that work is finished. Your prayers are welcomed!
  • #5,452
  • Aug 24, 2009 5:52pm Aug 24, 2009 5:52pm
Quoting traderathome
UJ M15: You know, if this were FO or LO time, this is how I'd see it...
I think Sonic has missed the boat calling this strategy "SonicR". I think it should be called.....

Sonic Lightning!

Glad to see someone else is in the UJ Short trade as I have been in this trade since Friday, after trying to short that news spike. Still, it teaches me to sit on my hands and that is why I am still in it.
Two Shorts, at 94.296 and 94.676 tp at 94.022 and 94.070

Four hour trend is seriously down along with D1 and W1 .

Just wondered what you think of the TP here T? Remember I got in this trade Friday.
Attached Image (click to enlarge)
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Starting to see instead of just looking.
  • #5,453
  • Aug 24, 2009 5:54pm Aug 24, 2009 5:54pm
Quoting heartstart
Is considered a valid entry?
Your entry is a bit late. But more importantly, the end of one day and the start of the asian session of the next day is a poor time to expect PA consistency. As you can see, PA went into ranging. Now, as time goes on with this ranging, things can change and the range breakout direction can become less sure. Sonic recommends no trading of the asian session....it is low volume and PA can be irradic in that it will not sustain a direction for long.

You are technically on the right track. But keep in mind that SonicR is based upon highest volume times of the forex day....FO, LO and USO. A setup at these times is far more likely to exhibit follow-thru.
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  • #5,454
  • Aug 24, 2009 6:19pm Aug 24, 2009 6:19pm
TAH, forget the UJ trade, I closed both trades with an overall + as this is the Asian session and I did not want to push my luck, after ending up in the Black.

Also, I wanted to get out of this trade to free me to trade other pairs at London open.

Not to mention that, this was not a Sonic trade in the first place!
Attached Image (click to enlarge)
Click to Enlarge Name: news.jpg Size: 166 KB
Starting to see instead of just looking.
  • #5,455
  • Aug 24, 2009 6:46pm Aug 24, 2009 6:46pm
Quoting Rastaman
Glad to see someone else is in the UJ Short trade as I have been in this trade since Friday, after trying to short that news spike. Still, it teaches me to sit on my hands and that is why I am still in it.
Two Shorts, at 94.296 and 94.676 tp at 94.022 and 94.070

Four hour trend is seriously down along with D1 and W1 .

Just wondered what you think of the TP here T? Remember I got in this trade Friday.
You can see where the new day pivots are (based on London TZ), so I have moved up Tp2 and put Tp3 down where Tp2 had been. The take profit areas, as I currently see it, are around 94.12, 93.82 and 93.60.
Attached Image (click to enlarge)
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  • #5,456
  • Aug 24, 2009 6:54pm Aug 24, 2009 6:54pm
Quoting traderathome
You can see where the new day pivots are (based on London TZ), so I have moved up Tp2 and put Tp3 down where Tp2 had been. The take profit areas, as I currently see it, are around 94.12, 93.82 and 93.60.

Thanks T

As I mentioned above, this was a naughty impulsive trade that has NOTHING whatsoever to do with SonicR. I should not have taken this trade in the first place. This has taught me a lesson so, in that sense it was worthwhile.
Now, I see how one bad impulsive trade can keep us out of making other valid trades which could have been profitable, instead of simply managing to get out with ones shirt still intact.
Starting to see instead of just looking.
  • #5,457
  • Aug 24, 2009 6:58pm Aug 24, 2009 6:58pm
Quoting ag_fx
TAH,

One pic says a 1000 words. Thanks man :

Another doubt here. I see your entry point marked on the chart. While I was thinking that the entry should have been below the candle marked "L" on ur chart. Or i can say, below the Hammer low. But I see your entry point below the low of the bar closing under the dragon. Untill that point we were having sideways movement. Was it a safe entry? If yes, how?

Thanks
AG
A few "things" made me place entry there. PA never made it out of the Dragon when hitting the LH. Then, PA surged (tall candle) down and out of the Dragon. All this seems bearish. Then two candles later there is that close below the 89 ema. So that is when I see entry. Also note the relative volume as PA rose and failed at that LH (pump 'n dump) and even higher relative volume as PA came down to close below the 89 ema (selling for sure!). Well, volume can be tricky and deceiving, so forget that. But just on waves, Dragon, PA and the 89 ema, I felt it a good entry area.
Attached Image (click to enlarge)
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  • #5,458
  • Aug 24, 2009 7:30pm Aug 24, 2009 7:30pm
Thanks for the comment TAH. I have been lurking and learning so now I will start posting pertinent info. Thanks
  • #5,459
  • Aug 24, 2009 7:34pm Aug 24, 2009 7:34pm
Just trying to work out whether EUR/USD is going to make a move later this afternoon and if so, how far it may run.

The lower resistance line at 1.42843 has been tested 3 times and is holding without being pierced too much by PA. The last 5 candle wicks seem to be getting less close to the resistance.

Any thoughts on this one?
Attached Image (click to enlarge)
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Starting to see instead of just looking.
  • #5,460
  • Aug 24, 2009 7:54pm Aug 24, 2009 7:54pm
Quoting Muhammad989
sonic did u get this move ??? if u got then your luktom pipsmonster dosnt show the trade .....or you trade another broker..... thnx
my Live broker is non-MT4...

Sonic
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