Sonic R. System | Page 392 | Forex Factory

Options

Go to
Permalinks
Print Thread

Similar Threads

Sonic R.evolution 95 replies

The System Behind the System, by Merlin Jeffries 16 replies

Old School Sonic System + Other Things 11 replies

Knife system, Vegas 4h system related questions. 4 replies

Would you trade this system? New system #2. 10 replies

Attachments: Sonic R. System
Exit Attachments

Sonic R. System

  • #7,821
  • Edited 8:31pm Nov 22, 2009 6:26pm | Edited 8:31pm
Quoting ddaytrader
I think your chart looks very good....

No worries about influencing me on that score DD.

I was getting chart blind from all the lines and indicators on my charts anyway.

Let's see how it works.

Thanks for the advice.
Starting to see instead of just looking.
  • #7,822
  • Nov 22, 2009 7:12pm Nov 22, 2009 7:12pm
On euro/usd, H1 chart are looking good for a buy if the price break 1.4910? all the way to the 1.5200? just asking ....if i am wrong don/t blame me....I AM TRYING TO LEARN

THX

danpa
  • #7,823
  • Edited 10:13pm Nov 22, 2009 7:21pm | Edited 10:13pm
Attachment
Quoting lmarti21
Rastaman,

I usually go about 3 or 4 days back at a time and i update the new high and lows everyday.

I usually mark the s&r on a 1 hour or 4 hour chart and switch the same chart to a 15 min that way the S&R are on my 15 min which is my work space.

Hope that help.

Also i have attached my version of the USD/chf

Regards
Lmarti

What do we do in the case where there are is a large area between Friday's High & Low with no previous intermediate high or lows? Just go back till we find them?
Starting to see instead of just looking.
  • #7,824
  • Nov 22, 2009 9:23pm Nov 22, 2009 9:23pm
DD , TAH
Can u pls take a look and if possible answer my question in post 7783
Tks
David
  • #7,825
  • Nov 22, 2009 10:30pm Nov 22, 2009 10:30pm
am i doing it right? if i have taken the trade.
i would have had
ep:147.80
sl: 148.30
tp1: 146.90
tp2: 146.40
Attached Image (click to enlarge)
Click to Enlarge Name: 1.JPG Size: 196 KB
  • #7,826
  • Nov 22, 2009 10:38pm Nov 22, 2009 10:38pm
setup just now...

ep: 1.4867
sl: 1.4831
tp: daily high 1.4935
Attached Image (click to enlarge)
Click to Enlarge Name: 2.JPG Size: 192 KB
  • #7,827
  • Nov 22, 2009 10:57pm Nov 22, 2009 10:57pm
Quoting Rastaman
Attachment


What do we do in the case where there are is a large area between Friday's High & Low with no previous intermediate high or lows? Just go back till we find them?
Rastaman ,

First shrink the screen and put in the period separators line and then if you have to scroll back to find the high or lows.

Kind Regards
Lmarti
  • #7,828
  • Nov 22, 2009 11:11pm Nov 22, 2009 11:11pm
Quoting lmarti21
Rastaman ,

First shrink the screen and put in the period separators line and then if you have to scroll back to find the high or lows.

Kind Regards
Lmarti

Yes, I did that, most pairs look ok and it is indeed a good way to get an S&R framework.

It was just some pairs that had been trading high for a few days, so there was a large gap in some areas between the High-Low of Friday.

Got it sorted out, thanks again.
Starting to see instead of just looking.
  • #7,829
  • Nov 23, 2009 1:31am Nov 23, 2009 1:31am
Pretty tight stop here but it is now a free trade.
Attached Image (click to enlarge)
Click to Enlarge Name: pic.jpg Size: 144 KB
Starting to see instead of just looking.
  • #7,830
  • Nov 23, 2009 1:35am Nov 23, 2009 1:35am
Hello sonikers,

Just a few check list questions..
I am done with my readings for the system and paper trading and
I will now trade with demo
Just want to know if i got it right..

1. sonic system is about H HL HH for long; L LH LL for short..
2. we only trade the london and new york sessions...
3. we trade of the 15min chart..
4. the preferd pairs are EJ and GU.. these are the most effective pairs..
5. the sonic dragon is the most important indi.. the rest are just garnish..
6. it is advisable to open 2 positions with two different take profits? but same SL?

The ones below are purely questions..
1. what value should I put as a trailing stop?
2. average pips we get on average a month?
3. average draw down per month?
(hope you guys share a ballpark figure.. answer only if you are comfortable with the question number 2 and 3 if not its ok.. )

just a brief about me..
I am from the philippines and I can live of 200USD a month..
due to high exchange rate with USD and relatively cheap simple living here..

Just lost my job and i decided to at least try trading for the meantime if i can make it work and try a living out of it..

hope all have a great week ahed..
  • #7,831
  • Nov 23, 2009 1:41am Nov 23, 2009 1:41am
Quoting Troy
Hello sonikers,

Just a few check list questions..
I am done with my readings for the system and paper trading and
I will now trade with demo
Just want to know if i got it right..

1. sonic system is about H HL HH for long; L LH LL for short..
2. we only trade the london and new york sessions...
3. we trade of the 15min chart..
4. the preferd pairs are EJ and GU.. these are the most effective pairs..
5. the sonic dragon is the most important indi.. the rest are just garnish..
6. it is advisable to open 2 positions with two different take profits?...
im from the philippines too...

heres my first live trade
  • #7,832
  • Edited 2:08am Nov 23, 2009 1:41am | Edited 2:08am
Phew that was tight, came within 1 pip of BE SL.

Should be ok now.

EDIT: SL in threat again 5 mins till news is out.
Maybe it will hold till news is out in 2 mins.


Stopped out. Ahhh Well I took a few pips profit from it anyway.
Attached Image (click to enlarge)
Click to Enlarge Name: pic sl.jpg Size: 141 KB
Starting to see instead of just looking.
  • #7,833
  • Edited 2:22am Nov 23, 2009 2:18am | Edited 2:22am
Hi to all sonikers!

As it'is my first post on this thread (and on ff by the way), I want to show all my respect and best regards to all those who make this thread so alive.

well now, in short, I'm in that long EJ...

EP: 132.84
SL: 132.30
TP1: 133.15
TP2 : unkown yet
Attached Image (click to enlarge)
Click to Enlarge Name: ej_23-11_1.gif Size: 39 KB
  • #7,834
  • Nov 23, 2009 2:21am Nov 23, 2009 2:21am
Quoting edgeefx
im from the philippines too...

heres my first live trade
Nice to see a felow countryman here..

been trading long?
  • #7,835
  • Nov 23, 2009 2:34am Nov 23, 2009 2:34am
EY - Long @ 132.91
Moved SL to BE
Attached Image (click to enlarge)
Click to Enlarge Name: ej long 132.91 e.gif Size: 28 KB
  • #7,836
  • Nov 23, 2009 3:10am Nov 23, 2009 3:10am
Quoting david4u
EY - Long @ 132.91
Moved SL to BE

same for me...
targeting now 133.45 and will move my Sl to 133.15 if reached...
  • #7,837
  • Nov 23, 2009 4:13am Nov 23, 2009 4:13am
Quoting Troy
Nice to see a felow countryman here..

been trading long?
i have started trading like two years ago...
but wasnt profitable 3 blown accounts...
but just today... i doubled my money...hehehe my 1.25 is now 2.50...
4 profitable trades so far...no losses..if i can make it 10 by the end of the month, would then start with a standard account...
sonic system rocks

and btw i demo traded this and paper traded... really great results...
  • #7,838
  • Nov 23, 2009 5:14am Nov 23, 2009 5:14am
GU, I am out with almost 80 pips, no point being greedy now is there.

I must say, it is a lot easier to see what is going on with all the trimmings taken off.
Attached Image(s) (click to enlarge)
Click to Enlarge Name: GU.jpg Size: 453 KB
Click to Enlarge Name: Untitled-1.jpg Size: 100 KB
Starting to see instead of just looking.
  • #7,839
  • Nov 23, 2009 5:28am Nov 23, 2009 5:28am
Quoting Rastaman
GU, I am out with almost 80 pips, no point being greedy now is there.

I must say, it is a lot easier to see what is going on with all the trimmings taken off.

way to go Rastaman! i would like to learn to do such trades....hope here will gain experience...
  • #7,840
  • Edited 5:49am Nov 23, 2009 5:46am | Edited 5:49am
AU long

EP : 92.49
SL: 92.29
TP1 : 92.68
TP2 : ...
Attached Image (click to enlarge)
Click to Enlarge Name: au_23-11_1.gif Size: 37 KB
13 traders viewing now