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Sonic R. System

  • #6,041
  • Sep 8, 2009 11:13am Sep 8, 2009 11:13am
Quoting Leo.
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,...

leo wad a clean chart u have. looking at it seen so relax.

I would only take a Sonic R trade if i saw "Clear Sonic Wave Forming Near and Crossing the Sonic Trade Band. H,L,LH,LL and vice visa taking in consideration S&R"

something that would make me very uneasy/comftorable about taking a Sonic R trade is "Ranging Market, False Breakout. Trading Near NEws"

IMO i hope it helps.

u are definitely on the right path pal
trade safe
  • #6,042
  • Sep 8, 2009 4:04pm Sep 8, 2009 4:04pm
Quoting Leo.
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,...
Leo, when I read your post, and then looked at your charts, I surmised that you quest exactness. But the variety of "conditions" confounds the effort to be exact. Take your charts....showing short, but not much happened there. And later, a better move was to the upside. What was missing in the anaysis to go short? For one thing, the 89ema was below the start of the short....not as good as if 89 would have been above it. Also, after a big run up (previous day and into that current session) good opposite runs do not often happen right away afterwards. As you can see, PA needed more time in consolidation (oscillating about the 89ema) before basing for the true next run. Sometimes time is needed for all the stuff to come into sync. TLs can help, too.
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  • #6,043
  • Sep 8, 2009 4:14pm Sep 8, 2009 4:14pm
Is it worth saying "heads up guys" ?
I think due to 'inactive hours', it's not worth taking it
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cut losses short, let profits run.
  • #6,044
  • Sep 8, 2009 5:01pm Sep 8, 2009 5:01pm
Quoting Leo.
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 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...
Hi Leo,

First, I would suggest that you post charts that show us what you mean by "less than desirable" set ups. Looking at your charts, had you taken those trades you would have made TP1 at a minimum on each. If you are referring to someone else's trades, then let us know in which post that trader(s) posted the chart(s) so we know at what you are looking.

We each may at times take a trade that does not "look" ideal, but if you are going to bring a 10 point check list to bear on any situation before deciding to take a trade, you will find yourself never finding a set up that passes muster. This is why I try to discourage folks from piling indicator upon indicator on their charts in vain attempts to filter out all losing trades so as to be left only with the winners. Trading does not work that way. You will have losers. No problem. You take your loss and move on.

Quoting Leo.
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!
Ok, here is the secret sauce to the SonicR: The most important factors are price action, support/resistance, and wave analysis. You could delete every indicator from your chart, and if you only went long when price breaks to a new high after forming a low, a high, and a higher low, you would win more than you lose, and if you use S/R for your profit targets, your average winner should be as large or larger than your average loser. If you only traded short when price breaks to a new low after first forming a high, a low, and a lower high, you will win more often than you lose, and if you use S/R for your profit targets, then your average winning trade should be as large or larger than your average losing trade.

Quoting Leo.
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.
I try to post my trades either before the entry triggers or soon after. I probably post more losing trades than anyone simply because I insist on trading during Asia and other low volume time periods. I still manage to average close to 200 pips per week profit. There are many, many examples in this thread of SonicR trades before the trade triggers, and often, you will see two or three other Sonikers chime in that they also see the set up.

You do not really doubt the SonicR. How could you!? This thread is likely the most credible thread at FF, and probably the most credible thread on any trading forum on the internet. Perhaps you ought to describe what you mean by "the manner in which it has been portrayed over the last few weeks." It seems to have performed very well for a number of folks.


Quoting Leo.
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
Leo, if reading over the 6000+ posts in this thread doesn't give you the incentive to learn to apply the SonicR, then there is nothing I nor anyone else can say that will.

However, here is something that might help: Go to post #1976, that is Muhammad's first post to this thread. Then read his second post. Then read his thrid post. Then ... can you guess? ... read his fourth post, and so on until you have read each and everyone of his posts. Muhammad has set an excellent example for anyone attemting to learn Sonic's system.

In the end, if you want to learn, we are all here to help. The best advice I can give you is that which I give every Soniker-in-Training: Read the manual, study each and every post and chart in this thread - the good, the bad, and the ugly - and post your own analysis on your charts and ask questions. Your questions should be tied to specific examples. You seem to be, as TAH said, looking for perfection. I see it as you are looking to ascertain general principles that can be applied in every case (as evidenced by your request that you "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 _______ .") The closest I can come is to say I would only take a sonicR if there was a clear H-L-LH for short or a clear L-H-HL for a long. But then again, that is the basis of the SonicR, isn't it?

In trading, the general principles you seek will be learned by extrapolating from your experience of many concrete, particular examples. Your doubts are not really about the SonicR, they are about yourself and your understanding. So, keep posting, and keep learning, because that will be the only way you overcome your doubts.

-DD
  • #6,045
  • Sep 8, 2009 9:39pm Sep 8, 2009 9:39pm
Quoting ddaytrader
Hi Leo,

First, I would suggest that you post charts that show us what you mean by "less than desirable" set ups. Looking at your charts, had you taken those trades you would have made TP1 at a minimum on each. If you are referring to someone else's trades, then let us know in which post that trader(s) posted the chart(s) so we know at what you are looking.

We each may at times take a trade that does not "look" ideal, but if you are going to bring a 10 point check list to bear on any situation before deciding to take a trade, you will find...
ddaytrader, that is one hard punching educational post! You are outdoing yourself....but, to the benefit of all readers who will take it seriously. You deserve many thanks from us all! Here is mine.....thank you.
  • #6,046
  • Sep 8, 2009 9:49pm Sep 8, 2009 9:49pm
Quoting ddaytrader
Hi Leo,

First, I would suggest that you post charts that show us what you mean by "less than desirable" set ups. Looking at your charts, had you taken those trades you would have made TP1 at a minimum on each. If you are referring to someone else's trades, then let us know in which post that trader(s) posted the chart(s) so we know at what you are looking.

We each may at times take a trade that does not "look" ideal, but if you are going to bring a 10 point check list to bear on any situation before deciding to take a trade, you will find...
WELL SAID , i thank u for that too
trade safe
  • #6,047
  • Sep 8, 2009 9:57pm Sep 8, 2009 9:57pm
Quoting Domas4
Is it worth saying "heads up guys" ?
I think due to 'inactive hours', it's not worth taking it

u/j crossing ema 89 and looks setting up IMO.

in 4hr chart might be a triple bottom.

however, i long it when it hit the bottom low.

if base on sonic setup, tats wad i see.

lets see if can reach TP
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trade safe
  • #6,048
  • Sep 8, 2009 10:19pm Sep 8, 2009 10:19pm
Quoting zz_zhang
Valid setups?

perhaps USD is gonna bite back now

u/c and g/j

though both is CT and haven cross ema 89
recap on yest 2 trades i posted.


u/c TP successfully hit

while G/j S/L hit.

Feel free to comment so we can Learn~
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trade safe
  • #6,049
  • Sep 8, 2009 11:06pm Sep 8, 2009 11:06pm
Quoting sonicdeejay
"It was never my thinking that that made the big money for me. It always was my sitting."
+339 pips..for this week..from this trade alone..

Sonic

Sonic, does tis look familiar to u~

ur G/u 300+ trade

will it repeat lol
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trade safe
  • #6,050
  • Sep 8, 2009 11:42pm Sep 8, 2009 11:42pm
ZZ



If u wanna short… 1.641x..seem to be a nice TP point!!

Sonic
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  • #6,051
  • Edited Sep 9, 2009 12:15am Sep 8, 2009 11:54pm | Edited Sep 9, 2009 12:15am
Quoting sonicdeejay
ZZ



If u wanna short… 1.641x..seem to be a nice TP point!!

Sonic
i see, i saw a buy order!!! on ur g/u. Buy Limit or Buy Stop?

200+ pips if is a buy stop man~

i am holding on a few position already. still deciding whther to take tis trade anot.

Asia session, u know it..
cheers
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trade safe
  • #6,052
  • Sep 9, 2009 12:23am Sep 9, 2009 12:23am
Quoting sonicdeejay
ZZ



If u wanna short… 1.641x..seem to be a nice TP point!!

Sonic
I see that. Weekly mR1 is right there. Notice that the Monthly Pivot and the Daily Pivot are only 2 pips apart! If PA breaks down thru these on volume, we should have a nice down trend started, imho.
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  • #6,053
  • Sep 9, 2009 12:45am Sep 9, 2009 12:45am
UJ M15: This one has the 89 ema above; a good place for it to be if considering shorting. PA is below both Monthly and Weekly pivots, as well as the Daily pivot. One thing though, PA bottomed twice now recently in the 92.00 area and there are three supports showing there....WeeklyS2, MonthlyS1 and DailyS1 (the lowest at 91.89, about 39 pips below current price). PA will have to work to get thru these.
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  • #6,054
  • Sep 9, 2009 12:45am Sep 9, 2009 12:45am
Quoting zz_zhang
i see, i saw a buy order!!! on ur g/u. Buy Limit or Buy Stop?

200+ pips if is a buy stop man~

i am holding on a few position already. still deciding whther to take tis trade anot.

Asia session, u know it..
cheers
I'm guessing Sonic is long biased on a higher TF, if red dotted line on the chart is SL then TP is probably somewhere near 1.666x area. Am I correct?
  • #6,055
  • Sep 9, 2009 12:53am Sep 9, 2009 12:53am
Quoting zz_zhang
i see, i saw a buy order!!! on ur g/u. Buy Limit or Buy Stop?

200+ pips if is a buy stop man~

i am holding on a few position already. still deciding whther to take tis trade anot.

Asia session, u know it..
cheers
This ain’t a Buy Stop or Buy Limit…
It is a Buy..it is position I opened around 3 Sept…

Sonic
  • #6,056
  • Sep 9, 2009 1:22am Sep 9, 2009 1:22am
here is the u/j trade setup
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FxHome
  • #6,057
  • Sep 9, 2009 1:23am Sep 9, 2009 1:23am
My GU trade, any comments?

Is my TP correct?

Thx,
snu
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  • #6,058
  • Edited 1:55am Sep 9, 2009 1:40am | Edited 1:55am
UJ M15: This could be a Bear Channel with PA stalling at DPV/ Weekly mS2. I am indecisive on this because it could quickly reverse to become a short trade setup. But then, indecision has kept me out of some nice trades.

Edit: If one considers the possibility of a move down, then chart 2 might also be considered.
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  • #6,059
  • Sep 9, 2009 1:58am Sep 9, 2009 1:58am
Quoting snusnufreak
My GU trade, any comments?

Is my TP correct?

Thx,
snu
SL hit. Did i do anything wrong?
  • #6,060
  • Sep 9, 2009 2:06am Sep 9, 2009 2:06am
GU M15: More on that short ID'd by Sonic.....as I see it currently. Second chart shows longer term possibility.
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