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Sonic R. System

  • #6,401
  • Sep 22, 2009 7:45am Sep 22, 2009 7:45am
Quoting ag_fx
Thanks for the indi Rastaman. But look what it has done to the chart. Dont you think its too messy


Lines and Lines everywhere!!

Yes, it looks messy on your chart because you use the black background.
Notice how my white chart does not look as messy as yours.

Hey, messy and saving your SL or clean and losing a trade?

You choose.
Starting to see instead of just looking.
  • #6,402
  • Sep 22, 2009 8:12am Sep 22, 2009 8:12am
I hear you, DD.

The Sonic R has been 1000 times proven to be profitable if you follow the rules and "feel" the market, however I for some reason can't just admit it. I still think that many entries made with Sonic R strategy are being done way to early and with pretty large SLs, I can't afford that with my tiny account, this is why I'm trying to come up with something that would make my life easier. I'm not solely relying on the indicators, I'm just trying to use them in the most beneficial way possible.

The 89 Moving Average is a very powerful tool, since a lot of the people in the market use it in their strategies. That means that price action to some extent will reflect the behaviour of the crowd when price comes close to it. This is why I believe 89 EMA is worth considering when entering trades. This is the same reason we use Sonic Dragon.
  • #6,403
  • Sep 22, 2009 8:13am Sep 22, 2009 8:13am
Rastaman i have been looking for an indicator like that for a few weeks. So i just want to say thanks. Also just to let you guys know i am still trying to learn the sonic system. I have now blown 3 accounts i have looked at buying a trading system but i keep thinking about the book Adventures of a currency trader (Thanks to Rastaman and DD). I have now spent about 3 weeks sitting in front of my laptop waiting for a sonic setup which never happens and when i don't think i see a sonic i wake up the next morning and have missed one.

I will post some pics today and fingers crossed i can get some pointers
  • #6,404
  • Sep 22, 2009 8:17am Sep 22, 2009 8:17am
DD and Rastaman.. come on .. cool down ...everyone have their own opinion on how to look into a trade or his/her charts ...
  • #6,405
  • Sep 22, 2009 9:01am Sep 22, 2009 9:01am
Thanks DD, Thanks Rastman....I would request you both to calm down.

I am a learner and this was only a demo trade. May be I should have mentioned this in my post earlier. It was a mistake that SR levels was not properly seen. But thats the way we learn, isnt it? I have also taken some very successful trades with Sonic, but I am still on demo because of these mistakes that I commit every now and then.

I request you guys to end this topic with Peace

its the feedback from guys like you all which helps us learn. I hope I will be able to trade better with the system and help from you all.

I am sorry if anyhow my bad trade was a reason for the entire episode.

And as sonic says...NPNT
Peace

Happy Trading
Attached Image
  • #6,406
  • Sep 22, 2009 9:10am Sep 22, 2009 9:10am
Now This Is What I Call A Very Very Perfect Setup. Very Nice Wave And You Can See The Rest On The Pics.

Regards,
Basber
Attached Image(s) (click to enlarge)
Click to Enlarge Name: gu d.gif Size: 23 KB
Click to Enlarge Name: gu.gif Size: 36 KB
Trading methods are designed to put the odds in our favor, not predicting.
  • #6,407
  • Sep 22, 2009 9:36am Sep 22, 2009 9:36am
Quoting Basber
Now This Is What I Call A Very Very Perfect Setup. Very Nice Wave And You Can See The Rest On The Pics.

Regards,
Basber
Hi Basber,

What indi you have on the 15 min chart that gives you up to R5?

Regards
Lmarti21
  • #6,408
  • Edited 9:47am Sep 22, 2009 9:41am | Edited 9:47am
Quoting lmarti21
Hi Basber,

What indi you have on the 15 min chart that gives you up to R5?

Regards
Lmarti21
Hi Lmarti,
Here You Are ...

Regards,
Basber
Attached File(s)
File Type: ex4 THV3 SDX-TzPivots_v4.ex4   27 KB | 435 downloads
Trading methods are designed to put the odds in our favor, not predicting.
  • #6,409
  • Sep 22, 2009 10:05am Sep 22, 2009 10:05am
Quoting Basber
Hi Lmarti,
Here You Are ...

Regards,
Basber
Thanks,
Basber

Lmarti21
  • #6,410
  • Sep 22, 2009 10:22am Sep 22, 2009 10:22am
hey keep it cool guys. we are here to learn and share. no offense man
trade safe
  • #6,411
  • Sep 22, 2009 12:46pm Sep 22, 2009 12:46pm
Quoting ddaytrader
Hi sf,

That is as dangerous a statement for a trader to make as there ever was.

You can never be sure of anything, and price does not care whether it is currently above or below any arbitrarily selected value that has been calculated (i.e. derived) from prior price levels.

You are free, of course, to trade in any manner you choose; and you are free to select any technical tools you wish to use as part of your decision making process.

But, you are fooling yourself if you believe that the secret key to avoiding losses is found in wating...
Best durned post there ever was! Analogy: If Sonic designed the passenger liner, then ddaytrader is the qualified Captain!
  • #6,412
  • Edited Sep 23, 2009 1:08am Sep 22, 2009 1:19pm | Edited Sep 23, 2009 1:08am
Quoting snusnufreak
Edit: pic.1 is the one on the right =)

Guys, I would like to share with you my little observation and ask you for a feedback on this. May be this can become a nice addition to the great Sonic R, which i'm still having troubles with, unfortunately.

I'm still in a process of working on this but results seem to be satisfactory most of the time.

It all started when we were talking about the 89-EMA and how to handle trades if we see, for example, a long set-up forming at the potential end of the downtrend when the 89 EMA is sloping down,...
Though I give ddaytrader *****5 STARS***** for his reply to a remark in your post about "...CAN be sure...." which is something that has gotten me in trouble more times than I care to think, you still have a great post here about IDing a "BEST" setup.

I have been noticing the same....

1. PA breaks thru 89ema, but retraces back thru it. PA breaks thru again, but retraces back to test it. And it is at this area we look for signs of a setup

3. 89ema on opposite side of Dragon from potential trade direction

4. That PA move to test the 89ema created 2nd leg of wave. The PA was "even", not "ragged", and retraces to/into/even thru the Dragon

5. If a setup is to occur, then the 3rd/final leg of the wave will be in direction of potential trade. With the creation of this leg, high relative volume will start appearing and other indicators (CCI, QQE, etc.) will be in direction of potential trade

I have found that slapping on a Bollinger Band (with 34,2 parameters) and applying FE tool to the pinch area helps. The pinch in the BB IDs the start area of the trade. And the FE tool points to potential Tps, with the 162% FE level being the prime candidate most of the time, and with the 262% FE level area being secondary.

Not many so called "setups" are actually ones. But the best seem to invariably comply with all the above

Edit: Some might look at the first chart and think there was an earlier Ep, right at the start of the new day. I include the second chart to point this out. The red lines created a wave which even had a nice "even" retrace on the 2nd leg. And there was increased relative volume on the 3rd leg of the wave (highlighted in yellow) indicating that indeed, some traders jumped in here. That early Ep is marked with a blue rectangle. But there is one difference.....note that the 89ema was not yet on the correct side of the Dragon! Those traders that went to the party early, had to sit outside and wait for the doors to open!

Edit: As an afterthought, I decided to add this comment. One can always find "other runs" that were not ID'd by a "proper" setup, and start believing that the "method" is faulty, or needs something more added to it so as to not omit those "other runs." No method is going to ID every good move, PERIOD! A good "method" however, will ID the potential for very good ones....not all, but still very good ones, some of which will be the best of all. Trading can be more fun, and less stessful, by not trying to catch every run, but instead just sit back and let a good trade COME TO YOU, using the SonicR method.
Attached Image(s) (click to enlarge)
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  • #6,413
  • Edited 2:56pm Sep 22, 2009 2:28pm | Edited 2:56pm
As a follow-up to my previous post, a summary picture:
Attached Image (click to enlarge)
Click to Enlarge Name: sonicr method considerations 2.gif Size: 33 KB
  • #6,414
  • Edited 3:16pm Sep 22, 2009 3:08pm | Edited 3:16pm
Quoting snusnufreak
I hear you, DD.

The Sonic R has been 1000 times proven to be profitable if you follow the rules and "feel" the market, however I for some reason can't just admit it. I still think that many entries made with Sonic R strategy are being done way to early and with pretty large SLs, I can't afford that with my tiny account, this is why I'm trying to come up with something that would make my life easier. I'm not solely relying on the indicators, I'm just trying to use them in the most beneficial way possible.

The 89 Moving Average is a very powerful...
Hi sf,

I was not trying to take away from the hard work that went into your post. As I said, by all means, you are free to use whatever indicators you wish in aiding you in making your trading decisions.

The only point I wished to make this morning was that every trader needs to resist the urge to think that he or she has found the magic indicator that will shield the trader from all losses. As losses are inevitable, you will, after a few losses, soon reject your 89 ema as having "failed" and then you will be off in search of the next indicator.

Your time will be better spent learning to identify support and resistance, and learning to conduct proper wave analysis than it will if wasted on the never ending quest for the perfect indicator.

I wish you much success,

-DD
  • #6,415
  • Sep 22, 2009 3:12pm Sep 22, 2009 3:12pm
hi all soonikers i hope u all doing good job ...cooll guyz
FxHome
  • #6,416
  • Sep 22, 2009 3:12pm Sep 22, 2009 3:12pm
Quoting traderathome
One can always find "other runs" that were not ID'd by a "proper" setup, and start believing that the "method" is faulty, or needs something more added to it so as to not omit those "other runs."...
Very good post, TAH, and I especially like the above passage. Another one for my Sonic notebook! Between you and Basber, my notebook is getting filled quickly and I will have to look for a larger 3-ring binder.
  • #6,417
  • Sep 22, 2009 3:26pm Sep 22, 2009 3:26pm
Quoting Muhammad989
hi all soonikers i hope u all doing good job ...cooll guyz
Hi Muhammad,

I love your blog ... why has it ben so quiet over there lately?

-DD
  • #6,418
  • Sep 23, 2009 12:21am Sep 23, 2009 12:21am
Quoting traderathome
As a follow-up to my previous post, a summary picture:
Exellent posts, TAH! Thank you for sharing your thoughts on this!

I totally agree with you, we can't always ID a perfect set-up, but we can find the ones we feel are more reliable. Your picture is a perfect example of such a set-up.

Regards,
snu.
  • #6,419
  • Sep 23, 2009 2:29am Sep 23, 2009 2:29am
Quoting ddaytrader
Hi sf,

That is as dangerous a statement for a trader to make as there ever was.

You can never be sure of anything, and price does not care whether it is currently above or below any arbitrarily selected value that has been calculated (i.e. derived) from prior price levels.

You are free, of course, to trade in any manner you choose; and you are free to select any technical tools you wish to use as part of your decision making process.

But, you are fooling yourself if you believe that the secret key to avoiding losses is found in wating...

Quoting traderathome
As an afterthought, I decided to add this comment. One can always find "other runs" that were not ID'd by a "proper" setup, and start believing that the "method" is faulty, or needs something more added to it so as to not omit those "other runs." No method is going to ID every good move, PERIOD! A good "method" however, will ID the potential for very good ones....not all, but still very good ones, some of which will be the best of all. Trading can be more fun, and less stessful, by not trying to catch every run, but instead just sit back...

Great Posts DD And TAH

Regards,
Basber
Trading methods are designed to put the odds in our favor, not predicting.
  • #6,420
  • Sep 23, 2009 2:35am Sep 23, 2009 2:35am
A Good Place For Reverse, I'm Looking For Short Setups.

Regards,
Basber
Attached Image (click to enlarge)
Click to Enlarge Name: gu.gif Size: 40 KB
Trading methods are designed to put the odds in our favor, not predicting.
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