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Sonic R. System

  • #6,021
  • Sep 8, 2009 4:46am Sep 8, 2009 4:46am
Quoting Basber
The Only Reason That I Don't Trade This Kind Of Situations Is In The Picture Below. I Like To See Retraces For Forming The Wave Small, Comparing To The Previous Move.
As You Said, Many Tries To Break The Resistance Failed, So It's a Good Place To Bet For Short.
The Other Thing Is That 89 EMA Is Just For Identifying The General Trend. Break Of It Is Not An Issue. But Sometimes I Use It For Placing My SL.
After All It's Not a Mistake If You Learn Some Thing From Your Move, And I'm Sure You Do

Regards,
Basber

Ok...There is no pic for this post. I cant draw one actually. But the reason I was talking about 89 EMA was a little visual backtest/scanning I have done over past few days. The best of entries on Sonic R had a favourable 89 EMA. That is, if we were shorting, it was a above us and when we were longing, it was below the Price.

Another observation was, 8 out of 10 times when the trend changed, the 89 EMA was broken with formation of perfect waves. Like you said in your post above. The set up you dont trade will generally not break through the 89EMA for a trend reversal.

Thanks Basber for the drawings. it will certainly help clear some cobwebs.

Thanks to Snu too for the feedback.

In case Sonic is reading this, i would like to ask if he has taken any trades ?

Thanks
AG
  • #6,022
  • Sep 8, 2009 5:46am Sep 8, 2009 5:46am
120 + pips today ..
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FxHome
  • #6,023
  • Sep 8, 2009 5:53am Sep 8, 2009 5:53am
Quoting ag_fx
Ok...There is no pic for this post. I cant draw one actually. But the reason I was talking about 89 EMA was a little visual backtest/scanning I have done over past few days. The best of entries on Sonic R had a favourable 89 EMA. That is, if we were shorting, it was a above us and when we were longing, it was below the Price.

Another observation was, 8 out of 10 times when the trend changed, the 89 EMA was broken with formation of perfect waves. Like you said in your post above. The set up you dont trade will generally not break through...
That Is What I Call a Perfect Setup That Will Satisfy My Pickiness Attitude.

Regards,
Basber
Trading methods are designed to put the odds in our favor, not predicting.
  • #6,024
  • Sep 8, 2009 5:58am Sep 8, 2009 5:58am
Quoting socchuot
Hi Sonic,

Please correct me if I miss something.

You will see my trade in attachment file.
- Red: Stop loss
- White: entry
- Blue: Target profit

Many thanks

Attachment
Good One Socchuot,
But If I Were You, I Would've Put My TP ( Or First TP ) Few Pips Higher. Look At The Pic.

Regards,
Basber
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Trading methods are designed to put the odds in our favor, not predicting.
  • #6,025
  • Sep 8, 2009 6:15am Sep 8, 2009 6:15am
Sing when you are winning..

Inserted Video



Sonic
  • #6,026
  • Sep 8, 2009 6:24am Sep 8, 2009 6:24am
Quoting sonicdeejay
Sing when you are winning..

http://www.youtube.com/watch?v=x19NZlo9Qr4


Sonic
It's so much different when winning in Forex..
cut losses short, let profits run.
  • #6,027
  • Sep 8, 2009 6:35am Sep 8, 2009 6:35am
Quoting Juneman
1: If you look on the picture you will see a red number 1. My question is what does the grey bars mean? Is it a good signal ?

Quoting Rastaman
Juneman

I am also relatively new around here and can not answer all your questions, the gray CCI area is something I have also wondered about.
Quoting ddaytrader
1) I have no idea what the grey bar on CCI means. When I use CCI at all it is to confirm trend, or to confirm SonicReEntry.
I Know It's Too Late, But It Was Discussed Before.
Check Post #3638

Regards,
Basber
Trading methods are designed to put the odds in our favor, not predicting.
  • #6,028
  • Sep 8, 2009 6:38am Sep 8, 2009 6:38am
thanks basber, Its been bugging me for a while now.
  • #6,029
  • Sep 8, 2009 6:50am Sep 8, 2009 6:50am
Quoting ddaytrader
Very wise advice, indeed. Always be aware of Bank Holidays, as diminished liquidity often diminishes the effectiveness of technical analysis (which assumes that a market is both freely traded and highly liquid).

Also, this week is, for most Americans, the last week before school starts (though some schools have already started), and it is a very popular vacation week. Price action may be susceptible to large, erratic, exaggerated moves, including break ups and break downs that fail to follow through (look at the Yen pairs right now - AJ,...
You Can Check Holidays For Different Currencies Here.

Regards,
Basber
Trading methods are designed to put the odds in our favor, not predicting.
  • #6,030
  • Sep 8, 2009 7:09am Sep 8, 2009 7:09am
those who r new soonikers and free now study this ......Hope its help u ...

Muhammad
Attached File(s)
File Type: zip Pring__Martin_J__-_Technical_Analysis_For_Short-Term_Traders.zip   1.8 MB | 2,038 downloads
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  • #6,031
  • Sep 8, 2009 8:38am Sep 8, 2009 8:38am
Quoting Basber
Good One Socchuot,
But If I Were You, I Would've Put My TP ( Or First TP ) Few Pips Higher. Look At The Pic.

Regards,
Basber

Many thanks Basber, I keep your teach
  • #6,032
  • Sep 8, 2009 10:03am Sep 8, 2009 10:03am
Muhammad
In reference to the zip you sent. Do you analyze the 1/3-2/3 retracement to determine your entry for a sonic move? I have notice many folks in the room take less than desirable trades(in my eyes) but everyone is doing exceptional well including you. I have read the posts start to finish each weekend but no luck. What I am finding out is its money managment for me in additoin to not having solid grasp on the method even though I have in here for about 4 months with all of you. My day job really mess with my focus I guess. Tell me how you look at thing muhammad.

Thanks
  • #6,033
  • Sep 8, 2009 10:26am Sep 8, 2009 10:26am
look if u r new trader and you r also doing a day job so it would b difficult to focus on it bcoz it need in start almost all the time,so u should bette manage your time that u h,ve to give to your trading...

i m a full time trader giving my complete concentration, i catch UK and US session at any cost and in extra time i study trading notes and wave analyzing etc.

The longer time u will give The larger benefit u will get hope its Help

HAPPY TRADING



Quoting heartstart
Muhammad
In reference to the...
FxHome
  • #6,034
  • Sep 8, 2009 10:26am Sep 8, 2009 10:26am
wad a day of trading today.

e/u is on fire!!

any1 saw any potential setup?
trade safe
  • #6,035
  • Sep 8, 2009 10:33am Sep 8, 2009 10:33am
Hi all,

Just asking you that this system only work well on: gbp/usd, eur/jpy, usd/jpy, eur/usd ?

Or we can trade with any currency ?

Many thanks
  • #6,036
  • Sep 8, 2009 10:33am Sep 8, 2009 10:33am
Quoting zz_zhang
wad a day of trading today.

e/u is on fire!!

any1 saw any potential setup?
As for me - no, But just kept adding long positions.Just playing 'support and
resistance' game today. So far ~100pips made
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cut losses short, let profits run.
  • #6,037
  • Sep 8, 2009 10:41am Sep 8, 2009 10:41am
Quoting Domas4
As for me - no, But just kept adding long positions.Just playing 'support and
resistance' game today. So far ~100pips made
In Your Failed Short Position, CCI Didn't Go Below The Zero Line, That Should Filter Your Failure.

Regards,
Basber
Trading methods are designed to put the odds in our favor, not predicting.
  • #6,038
  • Sep 8, 2009 10:43am Sep 8, 2009 10:43am
Quoting Basber
In Your Failed Short Position, CCI Didn't Go Below The Zero Line, That Should Filter Your Failure.

Regards,
Basber
Yea, I've noticed that before the trade, therefore I didn't risk much money in that one. All-in-all - it was a 'against-the-trend' trade.
Thanks.
cut losses short, let profits run.
  • #6,039
  • Edited 11:04am Sep 8, 2009 10:52am | Edited 11:04am
Valid setups?

perhaps USD is gonna bite back now

u/c and g/j

though both is CT and haven cross ema 89
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trade safe
  • #6,040
  • Sep 8, 2009 11:00am Sep 8, 2009 11:00am
Quoting heartstart
Muhammad
In reference to the...
I too would like to hear peoples thoughts on this regarding analyzing the retracement of a move. Perhaps more interestingly though it would be good to try and understand the above mentioned point in relation to "why do lots of folk in the room take less than desirable trades?" I know its a difficult question to answer, but hopefully that will make it a question worth answering.
I have noticed that with nearly every trade post picture there is always something wrong with it which would exclude that trade from the 'near perfect' category, i'm not saying they are bad trades at all, just that most of them would not satisfy the ultra picky type of Sonic R trader. I have been examining every single trade posted on here within the last few weeks and throughout the rest of the thread to try and understand what it is that makes some of you well qualified traders take these less than desirable setups.

To be more specific, i have looked into nearly all the different factors and variables that have a say in identifying a genuine setup, and which elements are perceived to be more important than others, i.e. location of pivots, trend lines, price pivot zones, wave sizes, time of day, price action, overall trend etc. And so far i cant seem to grasp what is most important. Its confusing because some people leave out one thing whilst other people include it with utmost importance, yet at the end of the day nearly everyone seems to be winning!

I may be a newbie to this strategy and forum but i still have doubts about the success rate and profitability of Sonic R - IF it is to be followed and traded in the manner which has been portrayed over the last few weeks. I have done a lot of careful manual back testing with it and the results would not exactly make you jump out of your seat.

If it isn't too much too ask i would like to know what it is that most traders will hold in very high regard when trading Sonic R. For example, I would only take a Sonic R trade if i saw _______ happening, or, something that would make me very uneasy/comftorable about taking a Sonic R trade is _______ .

Mind you after saying all that i had some pretty decent trades recently (about 140 pips), which is good, but at my current level of understanding, knowledge and experience i doubt i will make much more than break even in the long term.

Just feeling like i need a boost.
Thanks,

Leo
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