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Sonic R. System

  • #5,461
  • Aug 24, 2009 6:02pm Aug 24, 2009 6:02pm
Quoting ddaytrader
Hi Ag,


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 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.


ddaytrader
With this Aaaah Duh moment, I have removed my Zig Zag indicator. I took a short to early and against the Sonic R rules and did not see it. Tried to get in early when I should have been patient. If I would have been looking at the proper waves and followed the rules (This would be my plan for the trade) the trade would have been less stressful. Luck was on my side this time. Amazing how having your eyes opened on one thing causes them to open on another.

Thanks for the eye opener DDT
  • #5,462
  • Aug 24, 2009 6:29pm Aug 24, 2009 6:29pm
Would someone tell me if these waves have been drawn correctly?
Attached Image (click to enlarge)
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  • #5,463
  • Aug 24, 2009 7:21pm Aug 24, 2009 7:21pm
Quoting traderathome
A few "things" made me place entry there....
Thanks again TAH. As I can see your template has a different volume indicator than the normal SonicR V3 template. Is it the case? If yes what is the indicator that you use and what is its significance?If you have answered it already, just mention the possible day/date u answered it and I will dig around.

Thanks

AG
  • #5,464
  • Aug 24, 2009 8:47pm Aug 24, 2009 8:47pm
Quoting ag_fx
Thanks again TAH. As I can see your template has a different volume indicator than the normal SonicR V3 template. Is it the case? If yes what is the indicator that you use and what is its significance?If you have answered it already, just mention the possible day/date u answered it and I will dig around.

Thanks

AG
Use NVO and Volumes Enhanced, both posted here.
  • #5,465
  • Aug 24, 2009 10:22pm Aug 24, 2009 10:22pm
I'll be watching this one

Reasons:
1. Several bounces off strong support
2. Dragon showing signs of turning up
3. Looks like the Big Boys have been pulling down the price. They may be buying in low and ready to push price back up.
4. Higher low forming

Caution:
Below Pivot Point
Big Boys may pull price down farther
Need to see higher highs and higher lows

Plan:
Wait for pull back at FR open. When price moves back up and Sonic signal shows place entry order per Sonic rules. Hang on from there.
Attached Image (click to enlarge)
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  • #5,466
  • Aug 24, 2009 10:22pm Aug 24, 2009 10:22pm
Looks like we have a setup developing on EUR/USD

I shall not be around much in the London session so, will put a buy stop order in and let the market decide. A bullish hammer formed on H4 so, I think this may play out after London opens.
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Starting to see instead of just looking.
  • #5,467
  • Aug 24, 2009 11:03pm Aug 24, 2009 11:03pm
USD/CHF Looking like a SHORT setup mat be forming, if the upper line of the H4 trendline does not hold. Considering the trend is seriously down, this may be possible. Any thoughts folks?
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Starting to see instead of just looking.
  • #5,468
  • Aug 24, 2009 11:06pm Aug 24, 2009 11:06pm
tp hit and out 80 +
Attached Image(s) (click to enlarge)
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FxHome
  • #5,469
  • Aug 24, 2009 11:08pm Aug 24, 2009 11:08pm
ohh sorry guyz same 2 time here my rnty pic
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FxHome
  • #5,470
  • Aug 25, 2009 2:12am Aug 25, 2009 2:12am
AU M15: PA is out of the Dragon and over the 89ema, but really needs to break up thru daily main pivot. This is how I am seeing it, and went in light.
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  • #5,471
  • Aug 25, 2009 2:22am Aug 25, 2009 2:22am
EU M15: I am not predicting, but if PA follows this track, then this is how I see the trade.
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  • #5,472
  • Aug 25, 2009 4:00am Aug 25, 2009 4:00am
Quoting Pipdance
Would someone tell me if these waves have been drawn correctly?
With one or two exceptions, you have identified important swings (I see one, for example, where you place the end of a swing at a point higher than than the low of the swing). However, you might want to remove the lines and try to redraw your waves and think about identifying them at a smaller degree (but not too small!). You are on the right track, but some of your swings are larger than SonicR set ups are built upon.

As always, I urge looking at the SonicR Manual in post #1, as well as the examples from the more experienced Sonikers here in this thread.
  • #5,473
  • Aug 25, 2009 4:26am Aug 25, 2009 4:26am
To paraphrase the quote in Sonic's previous signature: Do not try to be on the bull side or the bear side, but instead be on the right side of the market. SonicR will often show you both possibilities. It should not matter to you whether the market decides to make a bull move or whter it decides to make a bear move. Use SonicR to show you where the bulls take control and where the bears take control, and then wait. Once one takes control, join them!
Attached Image(s) (click to enlarge)
Click to Enlarge Name: EJ 8-25-2009 Sonic Short2.jpg Size: 145 KB
Click to Enlarge Name: EJ 8-25-2009 Sonic Long1.jpg Size: 145 KB
  • #5,474
  • Aug 25, 2009 4:33am Aug 25, 2009 4:33am
That was a quick trip to TP1!

EP: 1.4307
SL: 1.4283 (-25)
tp1: 1.4336 (+29)
tp2: 1.4359 (+52)
Attached Image (click to enlarge)
Click to Enlarge Name: EU 8-25-2009 Sonic Long1.jpg Size: 158 KB
  • #5,475
  • Aug 25, 2009 4:37am Aug 25, 2009 4:37am
Quoting ddaytrader
To paraphrase the quote in Sonic's previous signature: Do not try to be on the bull side or the bear side, but instead be on the right side of the market. SonicR will often show you both possibilities. It should not matter to you whether the market decides to make a bull move or whter it decides to make a bear move. Use SonicR to show you where the bulls take control and where the bears take control, and then wait. Once one takes control, join them!

Fair enough, Long E/j shld be trigger as per sonic entry.

i will be posting some Bad trades inconjuction to know what to learnt and wad to avoid when using Sonic setup
trade safe
  • #5,476
  • Aug 25, 2009 4:46am Aug 25, 2009 4:46am
Quoting zz_zhang
Fair enough, Long E/j shld be trigger as per sonic entry.

i will be posting some Bad trades inconjuction to know what to learnt and wad to avoid when using Sonic setup
EJ Long

EP: 134.90
SL: 133.35 (-55)
tp1: 134.45 (+55)
tp2: 135.90 (+100)

Long did not trigger yet. Waiting for the market to decide what it is going to do, and then I will just sit back for the ride.
Attached Image (click to enlarge)
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  • #5,477
  • Aug 25, 2009 4:58am Aug 25, 2009 4:58am
Quoting ddaytrader
EJ Long

EP: 134.90
SL: 133.35 (-55)
tp1: 134.45 (+55)
tp2: 135.90 (+100)

Long did not trigger yet. Waiting for the market to decide what it is going to do, and then I will just sit back for the ride.

If this triggers long, I will be moving myu stop to BE as oon as this goes +30 (maybe sooner).

My TP's a very aggressive, as there is considerable resistance between EP and TP1. My goal on this trade is that if it triggers, and if price does move in my favor, I want to bring it to "0" risk quickly. Thus, I will either end up with no loss or a nice win. Of course, price could stop me in, and this could immediately reverse and stop me out for a whole stop (-55). But that is the risk of trading, and that is why that initial stop loss is there - to protect capital in case of a "worst case scenario".
  • #5,478
  • Aug 25, 2009 5:04am Aug 25, 2009 5:04am
Quoting ddaytrader
If this triggers long ...
We have lift off ...
Attached Image (click to enlarge)
Click to Enlarge Name: EJ 8-25-2009 SonicLong and TPs3.jpg Size: 147 KB
  • #5,479
  • Aug 25, 2009 5:11am Aug 25, 2009 5:11am
D D here v r the same car .......
Attached Image (click to enlarge)
Click to Enlarge Name: 25 ej buy.gif Size: 49 KB
FxHome
  • #5,480
  • Aug 25, 2009 5:16am Aug 25, 2009 5:16am
Quoting ddaytrader
If this triggers long, I will be moving myu stop to BE as oon as this goes +30 (maybe sooner).

My TP's a very aggressive, as there is considerable resistance between EP and TP1....
Why do you wanna do that?

We are in Uptrend as per H1/H4 charts and we are entering on M15 on longs. Shouldnt we give it more time to breathe?
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