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Sonic R. System

  • #7,761
  • Nov 19, 2009 3:44pm Nov 19, 2009 3:44pm
Quoting pipoca
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.
Yes move to BE if TP1 is reached for half position...
If not, I let the SL where it is, money management makes the trade not critical for the account...
And the prices must have air to move for my night...
  • #7,762
  • Nov 19, 2009 3:53pm Nov 19, 2009 3:53pm
Quoting cignus
Yes move to BE if TP1 is reached for half position...
If not, I let the SL where it is, money management makes the trade not critical for the account...
And the prices must have air to move for my night...
But I'm openned to advices...
  • #7,763
  • Edited 6:56pm Nov 19, 2009 5:47pm | Edited 6:56pm
Quoting Rastaman
blackcat2


On your trading platform, can you not just put 3 ema on it with the following settings & a 63 CCI?

34-EMA-open
34-EMA-close
34-EMA-Low

This is how I set up the sonic system on my brokers java platform.
As you can see apart from not having a volume indicator, it looks pretty much the same.
Hi Rastaman,

I'm afraid at this stage, I wouldn't know what an EMA & CCI is, so I'm afraid it doesn't help at the moment. To top it off, I accidentally read that FXCM is a scam and I should avoid it at all cost. How true are these articles?

Maybe I'll go with the ones that Sonic recommend at the beginning of the article to make my life easier.. Web based Java platform sound interesting. Maybe there's a thread somewhere in FF that discuss which brokers to get?

Another thing, It seems that templates are for MT4 system, and it seems it's a different system altogether. How is it different the standard micro acc?

Sorry if it's OT..

Cheers..
BC
  • #7,764
  • Nov 19, 2009 8:55pm Nov 19, 2009 8:55pm
Quoting blackcat2
Hi Rastaman,

I'm afraid at this stage, I wouldn't know what an EMA & CCI is, so I'm afraid it doesn't help at the moment. To top it off, I accidentally read that FXCM is a scam and I should avoid it at all cost. How true are these articles?

Maybe I'll go with the ones that Sonic recommend at the beginning of the article to make my life easier.. Web based Java platform sound interesting. Maybe there's a thread somewhere in FF that discuss which brokers to get?

Another thing, It seems that templates are for MT4 system, and it seems it's a different...


--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
I am not sure what you mean about FXCM being a scam but, I hope you have not opened a real account with REAL MONEY in it!
You need to demo for 3 months and be in constant profit before you even consider opening a real account or you may just as well flush your money down the toilet. Don't be one of those traders that says, "It cost me $20,000 to learn forex trading by losing all my money'!

You need to go to babypips and begin your forex study, as I did.
I did the whole school thing to the graduation stage, it was interesting with little tests on your knowledge as you go along, and you once you learn the basics you can start to demo the SonicR system, then move on to the advanced sections of the babypips school.

Depending on how you look at this, it can be a task or Great fun, I personally really enjoyed it and must say, it is incredible that such a start is offered by this site, for FREE. http://www.babypips.com/school/

It is like learning to drive a car, you don't need to know how the engine works you just need to know, how to control the vehicle and push the accelerator, brakes & turn the steering wheel, then you need some basic road safety knowledge.

The sooner you start this, the sooner you will learn the Sonic system.


PS: If you are in Australia, I am sure you can find a broker that uses MT4 to DEMO with!


Hope this helps
Starting to see instead of just looking.
  • #7,765
  • Edited 11:48pm Nov 19, 2009 10:57pm | Edited 11:48pm
Basic sonic template for Blackcat2

After I sent you the PM about where to get the MT4 demo platform from, I just put this together.
Note; There is NO volume indicator in this setup as it may be too confusing at this stage and you just need to watch the charts to learn to see the wave patterns and setups. Also, I chose the fibo pivots as they are easy on the eyes at this stage.



It is a clean chart and has the following indicators on it.

All files are in the zip file and the indicators need to go into your MT4 directory here. Crogram FilesBroker name - MetaTrader 4expertsindicators

The template needs to go here. Crogram FilesBroker name - MetaTrader 4templates
After you install the indicators and templates, (1) open MT4 open a new chart, by choosing FILE/NEW CHART (choose your pair, I recommend EUR/USD).
(2) Right mouse click on the new chart and choose, TEMPLATE, if you don't see the Sonic Basic template, choose LOAD TEMPLATE and point it to the template in your templates directory. Then, you should be all set.


1: Fibo pivots (shows you support and Resistance levels)
2: Sonic tunnel dragon (shows you the sonic wave setups)
3:Sonic SHI channel (Shows peaks, lows & mid levels, like resistance levels) Like Trend Lines at top, bottom & middle levels.
4: Sonic CCI set to a 63 period (Commodity Channel Index) Basically, this signals when the market is overbought/oversold or when a trend is weakening or gaining strength.
6: P4 Clock (so you can tell when the markets are open & when the candle bars close)



Hope this helps.
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Attached File(s)
File Type: zip Sonic Basic.zip   679 KB | 946 downloads
Starting to see instead of just looking.
  • #7,766
  • Nov 19, 2009 11:14pm Nov 19, 2009 11:14pm
Quoting Rastaman
Basic sonic template for Blackcat2

After I sent you the PM about where to get the MT4 demo platform from, I just put this together.
Note; There is NO volume indicator in this setup as it may be too confusing at this stage and you just need to watch the charts to learn to see the wave patterns and setups. Also, I chose the fibo pivots as they are easy on the eyes at this stage.



It is a clean chart and has the following indicators on it. It is basic but with one exception, that being, the Sweet Spots Gold indicator, as this indicator shows...
Rastaman, that is an early version. This one has had some good people help me add to it. Enjoy.
Attached File(s)
File Type: mq4 SDX-SweetSpots_v5.2.mq4   13 KB | 530 downloads
  • #7,767
  • Nov 19, 2009 11:22pm Nov 19, 2009 11:22pm
Quoting traderathome
Rastaman, that is an early version. This one has had some good people help me add to it. Enjoy.
Thanks T

Will download it and put it into the zip.

You think this is a good thing for a new person to use? I mean the round numbers?




EDIT: I decided to leave the old one in the basic template as this new looks good but needs a lot of messing around with to get the simple lines at the 50 and 25 point mark.
Starting to see instead of just looking.
  • #7,768
  • Nov 19, 2009 11:37pm Nov 19, 2009 11:37pm
Looks great TAH, thanks.

You don't happen to have a Spud Fibo later than V 3 do you?
This one gets screwed up when I change TF.
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Starting to see instead of just looking.
  • #7,769
  • Nov 19, 2009 11:40pm Nov 19, 2009 11:40pm
Quoting Rastaman
Thanks T

Will download it and put it into the zip.

You think this is a good thing for a new person to use? I mean the round numbers?
Nope. I think the new person should have the Dragon, the CCI Histogram, the P4L Clock, the SHI Channel MTF and simple pivots.

It is the structure of the WAVE as it overlays the Dragon that is all important.

The SHI Channel MTF is to help keep perspective on recent trend.

Simple pivots are to help provide S&R levels.

The CCI Histogram is to show price bias.....bullish vs bearish.

The clock is to identify our trading period....Berlin/Frankfurt open to after the US open.

The less garnish, the better the focus can be on the WAVE overlay of the Dragon. (imho)
  • #7,770
  • Nov 19, 2009 11:48pm Nov 19, 2009 11:48pm
Quoting traderathome
Nope....

It is done.

Got to go out.
Starting to see instead of just looking.
  • #7,771
  • Edited Nov 20, 2009 12:30am Nov 19, 2009 11:49pm | Edited Nov 20, 2009 12:30am
GU: Trade setup as I see it.

Edit: Added Tp3, just in case it builds momentum today. SL is close in and will be moved up about 15 pips after entry if PA makes quick gains.
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  • #7,772
  • Nov 20, 2009 12:54am Nov 20, 2009 12:54am
Quoting Rastaman
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[b][color=DarkOrange]I am not sure what you mean about FXCM being a scam but, I hope you have not opened a real account with REAL MONEY in it!
You need to demo for 3 months and be in constant profit before you even consider opening a real account or you may just as well flush your money down the toilet. Don't be one of those traders that says, "It cost me $20,000 to...
Thanks Rastaman,

I've been reading the materials at babypips.com. It's definitely easier to understand. I haven't open any live acc yet, and I will take you advise to heart.. Thanks again. I just read that FXCM is a scam, it trades against you, etc. I don't know how true it is. I'll be evaluating the IBFX platform since it seems they have MT4 by default where in FXCM is in different account category..

I'm in Australia, does it matter whether I use non-Australia broker?

Again, sorry if this is OT..

Cheers..
BC
  • #7,773
  • Nov 20, 2009 1:00am Nov 20, 2009 1:00am
Quoting traderathome
GU: Trade setup as I see it.

Edit: Added Tp3, just in case it builds momentum today. SL is close in and will be moved up about 15 pips after entry if PA makes quick gains.
WAVE pattern update. Still no entry signal. Berlin/Frankfurt open has arrived.
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  • #7,774
  • Nov 20, 2009 1:09am Nov 20, 2009 1:09am
Quoting blackcat2
Thanks Rastaman,

I've been reading the materials at babypips.com. It's definitely easier to understand. I haven't open any live acc yet, and I will take you advise to heart.. Thanks again. I just read that FXCM is a scam, it trades against you, etc. I don't know how true it is. I'll be evaluating the IBFX platform since it seems they have MT4 by default where in FXCM is in different account category..

I'm in Australia, does it matter whether I use non-Australia broker?

Again, sorry if this is OT..

Cheers..
BC
You are only going to be using a demo so it doesn't matter where the broker is. Just use the broker I mentioned in the pm. TAH uses that broker so you will have the same platform and time in the platform.

There is no 89 EMA in that template as TAH suggests it is better to learn to see the waves without it. You can add it easily later anyway.
Starting to see instead of just looking.
  • #7,775
  • Nov 20, 2009 1:31am Nov 20, 2009 1:31am
I am looking at GU like this.
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Starting to see instead of just looking.
  • #7,776
  • Edited 2:02am Nov 20, 2009 1:47am | Edited 2:02am
I am putting my complete faith in the wave & the 61.8 & 38.2 fibo this wave bounced off.
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Starting to see instead of just looking.
  • #7,777
  • Nov 20, 2009 1:56am Nov 20, 2009 1:56am
Quoting Rastaman
Basic sonic template for Blackcat2

After I sent you the PM about where to get the MT4 demo platform from, I just put this together.
Note; There is NO volume indicator in this setup as it may be too confusing at this stage and you just need to watch the charts to learn to see the wave patterns and setups. Also, I chose the fibo pivots as they are easy on the eyes at this stage.



It is a clean chart and has the following indicators on it.

All files are in the zip file and the indicators need to go into your MT4 directory here. Crogram...
Hello rasta, fellow sonikers....

What can i say?? I am indeed impressed by the assistance and care accorded to fellow traders being demonstrated here in the thread...

It made me smile just by reading it.. As sonic has said sharing is caring..

More power to all and more pips...

Troy
  • #7,778
  • Nov 20, 2009 2:44am Nov 20, 2009 2:44am
Hi, Troy & welcome to Sonic's merry thread of Sonikers.



TP1 hit and moved SL to BE, it is a free trade right now.
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Starting to see instead of just looking.
  • #7,779
  • Nov 20, 2009 3:25am Nov 20, 2009 3:25am
Quoting Rastaman
Hi, Troy & welcome to Sonic's merry thread of Sonikers.



TP1 hit and moved SL to BE, it is a free trade right now.


Rastaman, I was watching this trade also but got caught in the first breakout and got stopped out. What should have I been watching to insure I caught this one?

Thanks!

Slade
  • #7,780
  • Edited 3:59am Nov 20, 2009 3:32am | Edited 3:59am
I would like to dedicate this trade to Blackcat2 & all other new people to Sonic's thread & of course Sonic,DD, TAH & Basber.
As a relative newbie myself, I know how hard it can be when we are searching for the holy grail indicator and after we find it, two days later, "Blah, this indicator is no good" and off we are again in our endless search for the Holy Indicator or Holy Grail, even though we KNOW, there is no Holy Grail or indicator. The fact is, there is a holy grail! It is study of forex & Sonic's wave, S&R, planning the trade, trading the plan & Money Management!
If you look through this thread, you will see Sonic, DD, TAH, Basber and others telling me this and then, you will see me applying a new indicator, just to really throw a spanner in the works.

Good luck folks, you can do it!



Closed out the last half of my trade for +65 pips.

Didn't like the initial lack of volume over the last 2 candles and CCI is starting to glance upwards at these major reversal points & is sort of curving. I don't like this curve on the CCI.
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Starting to see instead of just looking.
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