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Sonic R. System

  • #7,741
  • Nov 19, 2009 11:10am Nov 19, 2009 11:10am
Quoting Rastaman
That is the only one I have.

This place is the deal for MT4 indicators.

http://www.mql4.com/search
Thanks Rastaman

Regards
Lmarti21
  • #7,742
  • Nov 19, 2009 11:11am Nov 19, 2009 11:11am
Quoting cignus
You should be in now
Giddy Up!
Attached Image (click to enlarge)
Click to Enlarge Name: EU 11-19-2009 Sonic Long4.jpg Size: 113 KB
  • #7,743
  • Edited 11:32am Nov 19, 2009 11:14am | Edited 11:32am
Quoting ddaytrader
Good Morning, Sonikers!

I'm looking at a rather boring, plain vanilla, ho hum, hum drum Sonic long on the EU.

EP is 1.4894 and I'll be trading for TP1 1.4934 and TP2 1.4969.

Have Fun and Keep it simple, sonikers!
With you on this one, ddaytrader.
Edit: Ops, Ep drawn too low. Ok now.
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  • #7,744
  • Nov 19, 2009 11:25am Nov 19, 2009 11:25am
Quoting ddaytrader
I don't use any EMA's and I am more of a S/R, Highs & Lows, Wave Analysis kind of guy. As long as entry is above Sonic Dragon, it is a classic.

Has not triggered yet, by the way. EP is 1.4894
DD,

I special thanks to you . The Wave and support & resistance analysis has just dawn on me since monday of this week. I heard it but this week its as if the wool have been lifted off my eyes and the pips are coming.

I sometimes now trade without indi and use just S&R and wave. It seem so simple now. wow. I use my daily high and low as my major point of S&R . My thinking is that because i am a day trader and looking intra day then the high and lows are usually the target if the trend is up or down.

Correct me if i am wrong.

Thanks

Kind Regards
Lmarti
  • #7,745
  • Nov 19, 2009 11:28am Nov 19, 2009 11:28am
Quoting lmarti21
Correct me if i am wrong.

Thanks

Kind Regards
Lmarti
You are correct ... Congratulations. Now, do not let yourself slip backwards, as it is very easy after a couple of losses to start doubting yourself and then you start the search for the holy grail all over again.

Good Luck to you!
  • #7,746
  • Nov 19, 2009 11:30am Nov 19, 2009 11:30am
Quoting traderathome
With you on this one, ddaytrader.
Moving stop to BE as price has had its chance to test it and now made a new high. No reason to lose anything on this trade. Stop is BE and I'll let the market decide the rest.
Attached Image (click to enlarge)
Click to Enlarge Name: EU 11-19-2009 Sonic Long5.jpg Size: 106 KB
  • #7,747
  • Nov 19, 2009 11:37am Nov 19, 2009 11:37am
ddaytrader, If there is a defined lower TL (black), what do you think about placing initial SL just below it (Magenta) instead of further from Ep just beyond last significant extension (red), in an attempt to minimize loss if PA turns?
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  • #7,748
  • Nov 19, 2009 11:38am Nov 19, 2009 11:38am
Quoting ddaytrader
You are correct ... Congratulations. Now, do not let yourself slip backwards, as it is very easy after a couple of losses to start doubting yourself and then you start the search for the holy grail all over again.

Good Luck to you!
Thanks for the encouragement.

Lmarti
  • #7,749
  • Nov 19, 2009 11:42am Nov 19, 2009 11:42am
dday & TAH
On the entry point , price was bellow ema 89
and of course dragon was bellow the 89
Is this a modification of the original rules ?
I guess it's not the "perfect" set up , but good enough to take a shot (?).
I understand that wave formation is the 1st priority
and having the dragon above the ema 89 for Longs
it's a "nice to have" but NOT a must .
dday , I see you don't use the 89 ...
Tks
David
Quoting ddaytrader
Moving stop to BE as price has had its chance to test it and now made a new high. No reason to lose anything on this trade. Stop is BE and I'll let the market decide the rest.
  • #7,750
  • Nov 19, 2009 11:47am Nov 19, 2009 11:47am
Quoting traderathome
ddaytrader, If there is a defined lower TL (black), what do you think about placing initial SL just below it (Magenta) instead of further from Ep just beyond last significant extension (red), in an attempt to minimize loss if PA turns?
I think that is a fine idea, TAH.

To tell you the truth, once the trade is triggered, I usually move my initial stop loss up the last swing low to beneath the low of the breakout bar or the bar before the breakout bar. I try to eliminate as much risk as possible as quickly as possible while giveing price a bit of room for backing and filling.
  • #7,751
  • Nov 19, 2009 12:03pm Nov 19, 2009 12:03pm
Quoting david4u
dday & TAH
On the entry point , price was bellow ema 89
and of course dragon was bellow the 89
Is this a modification of the original rules ?
I guess it's not the "perfect" set up , but good enough to take a shot (?).
I understand that wave formation is the 1st priority
and having the dragon above the ema 89 for Longs
it's a "nice to have" but NOT a must .
dday , I see you don't use the 89 ...
Tks
David
You are corrent in that the 89ema position relative to price and to the Dragon is not a consideration for entry. The consideration for entry is the WAVE, and how it is overlaid upon the Dragon. Why the 89ema then? When the 89ema is far from PA, it is like it is a magnet calling the PA to it. When PA reaches 89ema, the PA tends to bounce around, linger, before it musters up energy and takes off. So, in a sense, the 89ema is either a target, or a base.

But concentrating on it can muck things up. And without a doubt, ddaytrader continues to demonstrate the complete lack of need for the 89ema. It is an artifact of the original SonicR template, which I guess will remain until/unless Sonic decides it's function is too diminished relative to the Wave and Dragon to keep it and risk confusion.

In the SonicR white template I provided, all indicators have a "On/Off" switch. If you do not want the 89ema on the chart, open that indicator external input window (MA Shadowed) and change the first item to "false".
  • #7,752
  • Nov 19, 2009 12:06pm Nov 19, 2009 12:06pm
Perhaps, we could throw an eye on this one ?
(USDJPY)
Attached Image
  • #7,753
  • Edited 12:28pm Nov 19, 2009 12:06pm | Edited 12:28pm
Quoting david4u
I guess it's not the "perfect" set up , but good enough to take a shot.
All you need is support and resistance, highs and lows, higher highs and higher lows for a long and lower lows and lower highs for a short, and wave analysis.

Do yourself a favor and take everything off except the dragon, the daily pivots, and the CCI.

Go back and look at the original SonicR posts by Sonic himself. How did we get from his relatively clean and simple charts to some of the spaghetti mess I see passing for wave analysis here?

All I know is that I am glad I found SonicR before this madness, because I do not know if I ever would have gotten it if I had to overcome the Indicatoritis inflicted on new Sonikers today.

I wish someone would put together a Sonicddaytrader template for newbie's with nothing but the Sonic Dragon, daily pivots, and Sonic CCI set to 63. The Sonic templates have gotten out of control with the ever expanding list of indicators - indicators to confirm price, indicators to confirm indicators, and indicators confirming the indicators that are supposed to be confirming the indicators confirming price. And in the end, price is its own confirming indicator by making highs and lows.

Whatever becomes of this trade will have nothing to do with the 89 EMA or where the dragon is in relation to it. Right now EU has rallied to and is finding trouble at the first minor resistance, and this is its second attempt at clearing it. If it reverses here, I want to be out at breakeven. But support and resistance will determine this outcome, not ema's, cci's stochastics's, fibs, pivots, flying saucers, heads and shoulders, etc and so on.

Keep it simple, Sonikers.

EDIT: And the SH1 channel ... don't forget the channel
  • #7,754
  • Nov 19, 2009 12:08pm Nov 19, 2009 12:08pm
Quoting traderathome
But concentrating on it can muck things up. And without a doubt, ddaytrader continues to demonstrate the complete lack of need for the 89ema. It is an artifact of the original SonicR template, which I guess will remain until/unless Sonic decides it's function is too diminished relative to the Wave and Dragon to keep it and risk confusion.
TAH, are you sure it was part of the original Sonic template? If so, then I mispoke above. I thought it was added later.

I thought the original Sonic template was the dragon, stochastic, MACD, and pivots.
  • #7,755
  • Nov 19, 2009 12:24pm Nov 19, 2009 12:24pm
UJ: Closed trade at Tp2. Now watching to see if it sets up for a long trade, something like in second chart. But it is getting late in today's session and if it could happen it might not until tomorrow.
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  • #7,756
  • Nov 19, 2009 12:26pm Nov 19, 2009 12:26pm
Quoting david4u
Some questions ...
I don't see many people trading EU , any particular reason ? Not sexy enough ?
Looking at the EU :
1.Initial SL should be far from the hit @ SL1 or can be SL2 .
2. Do you see any other TP rather than mR1 & DR1 ?
3.As the trade advances, do you trail SL to SL3 , SL4 ?
4. I see TP1 achieved and then exit @ SL4 . I don't see myself holding the news and big retracement to point A .
5 Do you see any "logic" scenario to achieve TP2 @ point B ?
6.Do we have a "perfect" trade managment "by the book" ?
Tks for your help
david4u
Your stop losses were trailed fine.

My entry was earlier than yours, and my TP2 was a bit lower, so I was out with TP1 & TP2 done and filled before the news. Your TP2 was also fine, so long as you took TP1 and moved SL to BE. But if you are going to trail tight stops, you will not hit TP2 very often.

As far as "logic," S/R is the logic of the market. It is there, then price may be drawn to it. If it is not htere, then there is no reason either to expect pirce to reach a particular level or not to reach a particular level.
Attached Image (click to enlarge)
Click to Enlarge Name: EU 11-18-2009 Sonic Long2.jpg Size: 117 KB
  • #7,757
  • Nov 19, 2009 1:14pm Nov 19, 2009 1:14pm
Hello, I'm new to this system. I've downloaded Sonic White, SonicRV3, SonicR- TAH11-16-2009. Which system is the current system?

Thank you,

Slade
  • #7,758
  • Nov 19, 2009 1:48pm Nov 19, 2009 1:48pm
Quoting slade1986
Hello, I'm new to this system. I've downloaded Sonic White, SonicRV3, SonicR- TAH11-16-2009. Which system is the current system?

Thank you,

Slade
The SonicR method is making trade decisions (Ep, SL, Tps) based upon WAVE configurations relative to the "Dragon" for setup entry and SL, and using S&R for selecting Tps.

The rest is garnish.

Various templates to help get you started have been posted, but please do not confuse them with the method.

Welcome and good trading to you.
  • #7,759
  • Nov 19, 2009 1:48pm Nov 19, 2009 1:48pm
I'm in... let the market decide...
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  • #7,760
  • Nov 19, 2009 3:23pm Nov 19, 2009 3:23pm
Quoting cignus
I'm in... let the market decide...
Hello, how do you will manage the trade ?

Trailing the stop below the last swing low ?
Moving stop to BE once TP1 is reached ?
Doing nothing ?

Now I see the price is near EP and doing the range.
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