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Sonic R. System

  • #7,841
  • Nov 23, 2009 3:53am Nov 23, 2009 3:53am
This post is for research purposes only.

Imarti mentioned that we are targeting the previous day's High or Low and DD appeared to agree with this.

just put this indicator on a chart and it seems the wave occurs a great deal around the mid range of the previous day.
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Starting to see instead of just looking.
  • #7,842
  • Nov 23, 2009 4:00am Nov 23, 2009 4:00am
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.
Hello Rasta,

Nice trade !

How did you make your entry ? a Sonic re-entry ?
When did you make your entry ?
  • #7,843
  • Nov 23, 2009 4:12am Nov 23, 2009 4:12am
Quoting pipoca
Hello Rasta,

Nice trade !

How did you make your entry ? a Sonic re-entry ?
When did you make your entry ?
Hi

Just moved over to my laptop so I don't have the same charts.

It wasn't really a reentry more of a late sonic entry, the first candle that broke above the tunnel dragon retraced and then we did not get a trigger until much later. I just saw the CCI turn up and the high of the original breakout candle get broken. I jumped on it, when I saw the CCI bar turn back from Red to green.
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Starting to see instead of just looking.
  • #7,844
  • Nov 23, 2009 4:13am Nov 23, 2009 4:13am
Well done Rastaman
I want to ask you about SL .
When do you move your SL to BE ?
The distance between EP and TP1 is about 40 pips ...
If for example your trade is +20 +25 ...can you end up your trade meeting your hard SL ?
After you hit TP1 you move SL to BE and let the market decide
TP2 or BE without any interference from your side ?
It means you don't need to watch for the trade ?
It looks that in order to achieve TP2 you must be ready to leave lot of pips on the table and allow the PA enough room for possible big retracement on the way.
Thanks
David


Quoting Rastaman
GU, I am out with almost 80 pips
  • #7,845
  • Nov 23, 2009 4:26am Nov 23, 2009 4:26am
EDIT;

Sorry this laptop is so small I can't see teh charts while I type.



I always move the SL to BE+ after tp1.
In this trade I moved it once more to below the low of TP1 when PA hit the black line, right before PA hit tp 2. I moved the SL twice, if you see what I mean.


I set the TP 2 in the platform and it closed my trade.
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Starting to see instead of just looking.
  • #7,846
  • Nov 23, 2009 6:13am Nov 23, 2009 6:13am
Quoting ducc
AU long

EP : 92.49
SL: 92.29
TP1 : 92.68
TP2 : ...


T1 reached, SL moved to EP... let's see where it goes...
  • #7,847
  • Nov 23, 2009 6:18am Nov 23, 2009 6:18am
TP1 reached @92.68, SL moved to EP, let's see if it can go further...
  • #7,848
  • Nov 23, 2009 6:51am Nov 23, 2009 6:51am
Quoting DanPa
way to go Rastaman! i would like to learn to do such trades....hope here will gain experience...

Welcome to Sonic's thread.

Sure you will, if I can do it anyone can.

And I am only a newbie, it is the senior members you want to watch.
Starting to see instead of just looking.
  • #7,849
  • Nov 23, 2009 7:08am Nov 23, 2009 7:08am
Quoting Rastaman
This post is for research purposes only.

Imarti mentioned that we are targeting the previous day's High or Low and DD appeared to agree with this.

just put this indicator on a chart and it seems the wave occurs a great deal around the mid range of the previous day.
Rastaman

This indi just clutter the screen, Because you will see the wave as they occur anyway. After all the indi mania i find that i trade much better without them
Thanks to the senior members of this post " epically "DD" who drummed it in constantly i just use wave analysis, S&R PA and trend lines to trade and i am having greater success.

Kind Regards
Lmarti21
  • #7,850
  • Nov 23, 2009 7:10am Nov 23, 2009 7:10am
hI aLL

No trades today, I'm learning more and try to find out if there is a possibility to trail SL to catch the great movement we sometimes have...

I've been watching USDCHF today and papre traded it like this...
We are trading here the waves... so the logic would be to follow them with entry, re-entry and trailing stop losses...
Can't say by now if it could be profitable long term... but perhaps someone can tell me more...

Entry and re-entry should be filtered by CCI
I've made a little backtest manually from the 12th november (very little one )
Trading like today would have done approximatively 450 pips (including spread of 3 pip for entry plus 3 pips exit) and with pratically no filter other than CCI... (no time filter for exemple ecxept no trade on friday evenning, in France)

Could be a subject of discuss...
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  • #7,851
  • Nov 23, 2009 7:25am Nov 23, 2009 7:25am
Quoting lmarti21
Rastaman

This indi just clutter the screen, Because you will see the wave as they occur anyway. After all the indi mania i find that i trade much better without them
Thanks to the senior members of this post " epically "DD" who drummed it in constantly i just use wave analysis, S&R PA and trend lines to trade and i am having greater success.

Kind Regards
Lmarti21
I am not using that indicator either.

Yes, I also tried to convince myself of what DD and others were telling me.
Previously, I could not stick at it long as these indicators have a way of creeping up on one. I have gone one day with only the tunnel, the 89 ema, a pivot and the news indicator, the CCI and the clock.
I think I can stick to it, this time. Quite refreshing actually.
Starting to see instead of just looking.
  • #7,852
  • Nov 23, 2009 7:37am Nov 23, 2009 7:37am
Exemple on GBP-USD for today (including spread entry & exit of 6):
EP1 @ 1.6515 exit @ 1.6616 => +95 pips
EP2 @ 1.6539 exit @ 1.6616 => +71 pips
EP3 @ 1.6553 exit @ 1.6616 => +57 pips
EP4 @ 1.6604 exit @ 1.6616 => +6 pips
EP5 @ 1.6628 exit @ 1.6616 => -18 pips
EP6 @ 1.6637 exit @ 1.6616 => -27 pips

Total +184 pips
Sure we should have stop re-entry at the 5th... 5 positions is quiet too much perhaps (I think I would have taken 4 positions max... perhaps only 3)

Comment ?
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  • #7,853
  • Edited 8:58am Nov 23, 2009 7:59am | Edited 8:58am
UJ: SonicR entry point reached. Also at upper TL. Also in area of whole number. Also on good volume coming up. Critical area. It could make it thru, or fall.

Edit: Add second chart with trade as I currently see it.
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  • #7,854
  • Nov 23, 2009 9:07am Nov 23, 2009 9:07am
Quoting cignus
Exemple on GBP-USD for today (including spread entry & exit of 6):
EP1 @ 1.6515 exit @ 1.6616 => +95 pips
EP2 @ 1.6539 exit @ 1.6616 => +71 pips
EP3 @ 1.6553 exit @ 1.6616 => +57 pips
EP4 @ 1.6604 exit @ 1.6616 => +6 pips
EP5 @ 1.6628 exit @ 1.6616 => -18 pips
EP6 @ 1.6637 exit @ 1.6616 => -27 pips

Total +184 pips
Sure we should have stop re-entry at the 5th... 5 positions is quiet too much perhaps (I think I would have taken 4 positions max... perhaps only 3)

Comment ?
Hmm looks nice.... You may be on to something here..
worth to have a look at... maybe this is what they mean by
"adding to a winning entry?

thanks for sharing...
  • #7,855
  • Nov 23, 2009 10:15am Nov 23, 2009 10:15am
Quoting cignus
Exemple on GBP-USD for today (including spread entry & exit of 6):
EP1 @ 1.6515 exit @ 1.6616 => +95 pips
EP2 @ 1.6539 exit @ 1.6616 => +71 pips
EP3 @ 1.6553 exit @ 1.6616 => +57 pips
EP4 @ 1.6604 exit @ 1.6616 => +6 pips
EP5 @ 1.6628 exit @ 1.6616 => -18 pips
EP6 @ 1.6637 exit @ 1.6616 => -27 pips

Total +184 pips
Sure we should have stop re-entry at the 5th... 5 positions is quiet too much perhaps (I think I would have taken 4 positions max... perhaps only 3)

Comment ?
I have one comment and one question:

1.Congratulation!!!

2.How did you put all the TP on 1.6616? why 1.6616 when 1.6632was the daily R1?

thx
danpa
  • #7,856
  • Edited 10:55am Nov 23, 2009 10:23am | Edited 10:55am
Quoting Rastaman
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.
Hi Rasta...

Which template version are you using, because I don't seem to be able to replicate what I see on your charts.

Thanks very much,
Ed
  • #7,857
  • Edited 12:53pm Nov 23, 2009 12:11pm | Edited 12:53pm
Quoting cignus
Exemple on GBP-USD for today (including spread entry & exit of 6):
EP1 @ 1.6515 exit @ 1.6616 => +95 pips
EP2 @ 1.6539 exit @ 1.6616 => +71 pips
EP3 @ 1.6553 exit @ 1.6616 => +57 pips
EP4 @ 1.6604 exit @ 1.6616 => +6 pips
EP5 @ 1.6628 exit @ 1.6616 => -18 pips
EP6 @ 1.6637 exit @ 1.6616 => -27 pips

Total +184 pips
Sure we should have stop re-entry at the 5th... 5 positions is quiet too much perhaps (I think I would have taken 4 positions max... perhaps only 3)

Comment ?
dude i guess you got lucky there...
it could have gone the other way around and you would have lost 184 pips...and you probably broke the golden rule of money management...never risk more than 5% of your account on one given trade...you would say that its 5 separate trades, wrong its just 1 long trade...and it usually would correspond to the greed in us...we might even be tempted to increase the lot size as we see more longer candles going our way right?that the way to burn yourself up...
i should know i burned myself that way...
what your doing is compounding gains...its actually a very good strategy if there is a really strong trend like this one but...your doing it wrong...

what you do is instead of entering is instead of adding more entry on ep2 you skip it but you move your sl to BE...you add on ep3 but most important...you move your sl to sl 2,why if at the second trade, the market changes direction, your profits would be more or less a break even. (at trade 1, you got some +pips since you move up your sl, trade 2 would be -pips since it hit your stop loss). then you skip again ep4 but move trade 2 sl to BE. and add entry on ep 5. move trade 1 and trade 2 sl to sl4 and set your sl for trade 3 at sl5.... if market changes direction hit your trade 3's sl then examine your charts...see if there is a sign of reversal, or its just a retracement...if its retracement....continue on and let the market hit your tp...but if there is a sign of reversal manually close your trade...

but i would tell you, this kind of trading strategy is very nerve wracking... if the trend goes into your favor your account would tick up 2x, 3x or even 4x as fast as a one position trade. but it could go the other way around and you would see your account down up to 4x as fast....
  • #7,858
  • Nov 23, 2009 12:21pm Nov 23, 2009 12:21pm
Quoting DanPa
I have one comment and one question:

1.Congratulation!!!

2.How did you put all the TP on 1.6616? why 1.6616 when 1.6632was the daily R1?

thx
danpa
The exit is not on TP but on SL... All the trades are finishing when a stop loss is hit...
It's just a try, a search on how to improve gain when a rally comes...
Sonic system is profitable by itself, for what I see, I just try to find something that can improve exits, or at least, that can make them more mechanical...
  • #7,859
  • Nov 23, 2009 12:40pm Nov 23, 2009 12:40pm
GU: Late in today session, it could be setting up nicely. Maybe the Asian session will take a crack at pounding it? Distinct WAVE, Head & Shoulders formation. Dragon and 89 ema going flat. TL sloped down. CCI still positive, but is pointing down. If price makes it to Ep South, I'd look to see if there is higher relative trading to go with the move. All preliminary. It could take hours or not at all.
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  • #7,860
  • Nov 23, 2009 12:45pm Nov 23, 2009 12:45pm
Quoting edgeefx
dude...

I'm not sure u have well understand the system here... or I can, (certainly in fact due to my poor english) have not well understand your answer...
First, I would like to thank u for it.

Well, the exemple is here to illustrate my search of making the strong trend more profitable...
I didn't still have make a long backtest... I was just written my thought to be commented... It's what u made.
I'm not sure, coz I didn't test it on long term, that strategy of re-entry coupled with trailling stops could blew out a account.
Each trade, each re-entry, must be seen as a trade by itself... And as u can see, each re-entry (in fact, each entry ) comes when the previous trade not closed is in benefits... with the trailling stop, we lock a gain or minimise the loss on the previous... Each new position, is not necessary about the same number of lots as the previous... It depends on your money management...
For now, I'm used to risk not more then 1% of my balance and calculate the number of lots depending on the stop loss position...
I think this way, the losses wouldn't be worses than 2% of the account even with more than 2 positions... I should try to demonstrate this... When I will have the time...

Now, I insist that it's just a beginning of a reflection and still not a trading system by itself...
And your remarks and comments, argumented, are welcome.

Thanks.
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