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Sonic R. System

  • #8,261
  • Edited 7:10am Dec 7, 2009 7:00am | Edited 7:10am
Quoting sonicdeejay
Pretty Late entry I must say...You intentionally let it happen or u miss the first entry??
It will make you higher risk if the trade turn against you....


Sonic

No, Sonic, I was over cautious of the resistance level in red and then I figured the 50 fibo would be a safe place to enter.

Edit:

I know think the green line would have been a better EP.
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  • #8,262
  • Dec 7, 2009 7:39am Dec 7, 2009 7:39am
E/U. Price is currently in the formation of H4 hammer.
Leavin' a long order and I'm off to university.
Takin' a laptop to manage the trade in case it gets
trigerred or no longer valid.
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cut losses short, let profits run.
  • #8,263
  • Dec 7, 2009 7:42am Dec 7, 2009 7:42am
Sonic

You mentioned you took 100 pips on the EJ trade.
Too do that you must have entered at 133.81, can you explain your reasons for entering so early, 14 pips before the former low was broken.
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Starting to see instead of just looking.
  • #8,264
  • Dec 7, 2009 8:15am Dec 7, 2009 8:15am
Quoting Rastaman
Sonic

You mentioned you took 100 pips on the EJ trade.
Too do that you must have entered at 133.81, can you explain your reasons for entering so early, 14 pips before the former low was broken.
No..No...

I didn't take that EJ... I took EU...
EJ was to show where a nice entry should have been... it was a break of the Lower Low...


Sonic
  • #8,265
  • Dec 7, 2009 8:41am Dec 7, 2009 8:41am
dd thanks i will change my settings

Quoting ddaytrader
maq,

Read the Sonic Manual. The setting for SonicR is the same as for Raghee Horner in her book, which is 34-34-34 (34 ema of the high, 34 ema of the close, and 34 ema of the low).

Some of the templates here on the thread have not had the settings changed from TRO's 50-50-50 to the SonicR's 34-34-34

Perhaps SOnci can check to see if the first page templates are correct, so that there will at least be one place to find and download a correct template.

Good Luck,

-DD
"The person who knows that enough is enough, will always have enough". .
  • #8,266
  • Dec 7, 2009 9:31am Dec 7, 2009 9:31am
GU long ?
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  • #8,267
  • Edited 11:47am Dec 7, 2009 9:36am | Edited 11:47am
waiting TP2 and SL at BE.

EDIT: TP2 hitted
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  • #8,268
  • Dec 7, 2009 9:36am Dec 7, 2009 9:36am
EJ: Many hours ago I was looking for this to go north. Had to leave. I see it went south!. Not to be a contrarian, but note the trade activity at the two recent bottoms. So, ever hopefull for a northbound train, I shall watch for maybe such a setup....possibly next London Open.
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  • #8,269
  • Dec 7, 2009 9:53am Dec 7, 2009 9:53am
DD great trade !
I have some questions to all regarding this trade :
1.Why point A is not a legitimate trade ?
a. Where you bias on the short side .
b. slope of the dragon ... = flat
2. At point B the slope is still flat , may be between 3 to 4 (?)
3. Entry point - was at B using sell stop order when price crossed prev. low ?
or at the close of the candle ?
I personaly prefer the crossing but on post #12 :
Sell
Look for the candle go below lower white line and wait till the candle ends...and put the "Sell stop" few pips below the "Low" of that candle.
4. How do u set your TP's ?
a. S/R
b . Fibo's expansions. which ?
Always the same way ?
Tks
david4u

Quoting ddaytrader
Well, there you go ... many happy pips to start the week.
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  • #8,270
  • Dec 7, 2009 9:56am Dec 7, 2009 9:56am
Entry Long bellow the Dragon ?
Quoting Vytautas
waiting TP2 and SL at BE.
  • #8,271
  • Dec 7, 2009 10:00am Dec 7, 2009 10:00am
Quoting beachboy
GU long ?
Attachment
buy stop on GU
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  • #8,272
  • Dec 7, 2009 10:04am Dec 7, 2009 10:04am
Quoting david4u
Entry Long bellow the Dragon ?
yeah, it's not classic setup. I have sonicR classic, re-entry and advanced trading plans.
  • #8,273
  • Edited 5:21pm Dec 7, 2009 1:39pm | Edited 5:21pm
Quoting Domas4
E/U. Price is currently in the formation of H4 hammer.
Leavin' a long order and I'm off to university.
Takin' a laptop to manage the trade in case it gets
trigerred or no longer valid.
Took what market basically gave me - reached TP1, moved SL to BE.
Price reversed and took the remaining 20% of the trade at BE.

P.S. Vytautas - superb trade
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cut losses short, let profits run.
  • #8,274
  • Edited 6:58pm Dec 7, 2009 2:11pm | Edited 6:58pm
Quoting david4u
DD great trade !
I have some questions to all regarding this trade :
[....]
david4u
I think this is a very good question question that all Sonic beginners ask.

Turn higher timeframe - the trend is down - so you should be bearish biased.
For a trend reversal to happen (as Ddaytrader once said) you should watch
for wider swings! In this case, price went a bit higher to create a wave down.
I usually watch for a strong wave 2-4 hours before London open, and then
detect the real setup. Also - pay more attention to S&R and how Price acts around
them.

TP zones depend on trader's taste, I guess. Some of us use Fibonacci expansion (127, 162),
some of us use S&R, trendlines.
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cut losses short, let profits run.
  • #8,275
  • Dec 7, 2009 3:04pm Dec 7, 2009 3:04pm
Tks Domas
  • #8,276
  • Dec 7, 2009 4:36pm Dec 7, 2009 4:36pm
Quoting Domas4
I think this is a very good question question that all Sonic beginners ask.

Turn higher timeframe - the trend is down - so you should be bearish biased.
For a trend reversal to happend (as Ddaytrader once said) you should watch
for wider swings! In this case, price went a bit higher to create a wave down.
I also usually watch for a strong wave 2-4 hours before London open, and then
detect the real setup. Also - pay more attention to S&R and how Price acts around
them.

TP zones depend on trader's taste, I guess. Some of us use Fibonacci expansion...
Excellent post, Domas.
  • #8,277
  • Dec 7, 2009 4:54pm Dec 7, 2009 4:54pm
Quoting david4u
DD great trade !
I have some questions to all regarding this trade :
1.Why point A is not a legitimate trade ?
a. Where you bias on the short side .
b. slope of the dragon ... = flat
2. At point B the slope is still flat , may be between 3 to 4 (?)
3. Entry point - was at B using sell stop order when price crossed prev. low ?
or at the close of the candle ?
I personaly prefer the crossing but on post #12 :
[color=Navy]Sell
Look for the candle go below lower white line and wait till the candle ends...and...
Point A would have been fine for a long entry, and it would have been a loss of 40-45 pips. No problem, losses happen.

As a new Soniker, I would advise that you just learn to recognize the set ups as they happen, and trade them according to the rules.

Do not get all wrapped up in questions concerning the "slope" of the dragon. The dragon will not make price move. Price will move, then the dragon, not the other way around.

Was I bearish bias? No. I go into each day and in fact each individual session with a "flat" opinion. But, given the weak rally during Asia relative to the strong sell-off from Friday, I suspected that the market was not finished probing lower lows. I would have been willing to try a long if price had rallied above the higher of the red lines you see on my chart.

I set my TP's by looking for areas of S/R, and then I look for fib levels and pivot levels in and around those S/R levels. S/R always, always, always, always, always, always .... always trumps fibs and pivots and any other artificial or "non trading" level. But, fibs and pivots that are in S/R areas are important. If I am short, I want my TP above nearby fibs and pivots, and if I am long, I want my TP's below nearby fibs and pivots (nearby my S/R targets, not nearby my EP). I look at fib expansion levels closely. A fib expansion level setting up within an area of S/R makes for good TP's.

Keep studying,

-DD
  • #8,278
  • Edited 7:49pm Dec 7, 2009 7:16pm | Edited 7:49pm
Quoting sonicdeejay
No..No...

I didn't take that EJ... I took EU...
EJ was to show where a nice entry should have been... it was a break of the Lower Low...


Sonic

I see.

Yes, I had my eye on EU also but did not want to get involved with two trades at the same time. At my stage.

I had figured that it was still in the retracement from the day before and it looked like the wave would break around the 61.8 and the small wave created at the blue line. It did so, perfectly.

Looks like we have a setup forming right now.


EDIT: Actually when I think a little more about this trade, it shows what DD has been saying all along about S&R & the wave being the essence of the Sonic system. Look how this single horizontal trendline told the entire story.
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Starting to see instead of just looking.
  • #8,279
  • Edited 9:24pm Dec 7, 2009 8:58pm | Edited 9:24pm
GBP/USD Reverse H&S forming on H4, looks promising on M15.

I shall just watch the M15 to see if the wave confirms it.
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  • #8,280
  • Dec 7, 2009 11:39pm Dec 7, 2009 11:39pm
Looking at the GU RH&S on H1 it looks a feasible possibility., of course, it needs to also play out with the sonic wave on M15.

On M15 it looks like it is being pumped down right now and I wonder what TAH thinks about this. Are the big boys dumping for a Long later in the day?
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