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Sonic R. System

  • #8,901
  • Dec 18, 2009 12:04pm Dec 18, 2009 12:04pm
Possible EJ short setup:

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  • #8,902
  • Dec 18, 2009 12:17pm Dec 18, 2009 12:17pm
Quoting tullid
Possible EJ short setup:

Attachment
Yes, this has nice waves and there is consolidation of the Dragon with the 89 ema and the Daily Pivot. The only problem is there is little time left in this last session of the week. And the asian session, in the first session next week, can change the setup. As it is, the FE Tps are only a little different than the Tps based upon the today pivots you are using.
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  • #8,903
  • Dec 18, 2009 12:20pm Dec 18, 2009 12:20pm
Quoting traderathome
GU: I removed my SL at Tp1. Price is doing a fine pull up. I put 25% back into short trade at Tp1.
Beautiful stuff TAH.
Did you learn that from here? http://www.fibonaccibook.com/?page=6

Pablo
p.s. I'm going to print and frame that Clasic SonicR Image :-)
  • #8,904
  • Dec 18, 2009 12:26pm Dec 18, 2009 12:26pm
Quoting traderathome
Yes, this has nice waves and there is consolidation of the Dragon with the 89 ema and the Daily Pivot. The only problem is there is little time left in this last session of the week. And the asian session, in the first session next week, can change the setup. As it is, the FE Tps are only a little different than the Tps based upon the today pivots you are using.

Agreed - prob too late in the day on Friday for such an aggressive TP. Using the first swing of the wave, I have 128.74 as TP1 and 128.56 for TP2.

Attached Image (click to enlarge)
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thanks TAH
  • #8,905
  • Dec 18, 2009 12:34pm Dec 18, 2009 12:34pm
Quoting tullid
Agreed - prob too late in the day on Friday for such an aggressive TP. Using the first swing of the wave, I have 128.74 as TP1 and 128.56 for TP2.

Attachment

thanks TAH
It is hard for me to tell, but it looks like you are using the Fibonacci Retracement tool (FR) and not the Fibonacci Extension tool (FE).
  • #8,906
  • Dec 18, 2009 12:35pm Dec 18, 2009 12:35pm
Quoting PabloOnFX
Beautiful stuff TAH.

Quoting ddaytrader
I am using fib expansions and I am measuring from the "C" pivot of an ABC formation.

Now, semantics aside, I find expansions as calculated by the proper use of the fib expansion tool to be very useful. I do not use "extensions" as used by TAH.

You might find the the picture I made for the above post somewhat useful.

You should also read the exchange between TAH and myself that occurred starting at post #7184 through and including post #7212.

Carry on ...
  • #8,907
  • Dec 18, 2009 12:44pm Dec 18, 2009 12:44pm
Quoting traderathome
To ddaytrader's credit, he remained calm and persistent in tring to help someone who was just not "getting it". My respect for ddaytrader, already topnotch, has caused me to have to carve new notches above, just to elevate him to his deserved place. I am not talking trading now, I am talking about the man. Ddaytrader is a genuine and good person, whose demonstrated patience and caring I have benefitted from, and shall be forever grateful for. For him, I have crossed back over the line from a closed mind to an open mind, a process not easy to accomplish....
To your credit, TAH, you never resorted to name calling and insults while I was persisting in helping you to "get it," as you put it. That is why the fib expansion episode led to a positive outcome for you, me, and the thread. There is lesson there for future Sonikers.

Carry on ...
  • #8,908
  • Dec 18, 2009 12:45pm Dec 18, 2009 12:45pm
Quoting traderathome
It is hard for me to tell, but it looks like you are using the Fibonacci Retracement tool (FR) and not the Fibonacci Extension tool (FE).
That's correct, in the pic I used FR. I use both FR and FE in my analysis.
  • #8,909
  • Edited 1:22pm Dec 18, 2009 12:54pm | Edited 1:22pm
About FEs:

Fibonacci Extensions/Expansions (the terms are used synonymously) are useful to obtain targets.

One way is to measure A to B, and then swing C up to the next high in the wave pattern (first chart, assuming short trade). This gives FE levels to select from.

Another way it to measure A to B, and then swing C down to the same level as B. And get your target levels that way (second chart).

Both ways obtain percentage levels of the A to B distance. But these percentage based levels are then applied to different starting points.

Ddaytrader demonstrated the first way, which I really like for SonicR trading. The second way is good for range breakout trading, where A is top of range and B is bottom of range (assuming short trade).

This link has good educational material: http://www.fibonaccibook.com/


Edit: Added two additional charts showing both ways starting one high point in the wave pattern further back in time. As you can see, both ways handled well the finding of Tp1. But the first way, the way ddaytrader demonstrated, gave a "cleaner" picture for the pull back. Another point worth the mention is that the first way will provide target levels closer in than will the second way.....more conservative.
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  • #8,910
  • Dec 18, 2009 1:16pm Dec 18, 2009 1:16pm
Shorted GJ

I already had 3 winning trades with this system so I hope this is another, please feed back my entry so I can learn from it.

Thanks

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  • #8,911
  • Dec 18, 2009 1:28pm Dec 18, 2009 1:28pm
Quoting monomonono
Shorted GJ

I already had 3 winning trades with this system so I hope this is another, please feed back my entry so I can learn from it.

Thanks

Attachment
Your entry is not SonicR. It looks like you are jumping the gun and making entry because price appears to be weakening in the vacinity of the Daily Pivot. You could easily get Head Faked. The blue rectangle marks the SoncR entry area.

Edit: There is probably not enough time left in the week for this to happen, but better would be to wait and see if there is another pull up, because then you would have a valid SonicR Ep closer to the Dragon. And the next trip down might pass thru that higher Ep and give a nice trade entry on good momentum downwards.
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  • #8,912
  • Dec 18, 2009 1:59pm Dec 18, 2009 1:59pm
Quoting traderathome
Your entry is not SonicR. It looks like [....]
That is very true traderathome.

SonicR entry is never the "entry in-between the wave".
SonicR entry is either wave makes a new HH or new LL.
__________________________________________________
traderathome, besides sorry that I can no longer collaborate
in developing the indicators, coz as you can see, I no longer
need them. Now I am half-time employed in a bank, and also
finishing finishing my 3rd year in university. Even if I wanted,
I wouldn't had time for it.

It was great working with you, you had so much
to offer idea-wise and more. You are a great guy, and I had
been very lucky to have a chance working with you Frederick.
cut losses short, let profits run.
  • #8,913
  • Dec 18, 2009 2:19pm Dec 18, 2009 2:19pm
Quoting Domas4
That is very true traderathome.

SonicR entry is never the "entry in-between the wave".
SonicR entry is either wave makes a new HH or new LL.
__________________________________________________
traderathome, besides sorry that I can no longer collaborate
in developing the indicators, coz as you can see, I no longer
need them. Now I am half-time employed in a bank, and also
finishing finishing my 3rd year in university. Even if I wanted,
I wouldn't had time for it.

It was great working with you, you had so much
to offer idea-wise and more. You...
My best wishes for you on completing your 3rd year, Adomas. And congratulations on your bank employment, too.

As you can see, I have been moving away from the use of pivots. The indicator I wrote and currently use sometimes allows me to see the pivots historically and to turn on/off each level. When I use it, it is mostly to see just the DP line, as most of the good SonicR moves start when the Dragon, 89 ema and the DP have consolidated together. Then I use FEs off the WAVE for Tps. The other indicators Sonic uses I keep on some charts out of respect for the method.

By the way, you are to be congratulated, Adomas, on your work on the "Lithuanian thread". I know little about it other than you have reached out to help others of that language. I am sure they will enjoy working with you as much as I have. Teach on, my friend!
  • #8,914
  • Dec 18, 2009 3:11pm Dec 18, 2009 3:11pm
Quoting traderathome
About FEs:
Fantastic post TAH... everyone should study the charts posted. That will be my homework this weekend.

-Dan
  • #8,915
  • Dec 19, 2009 12:23am Dec 19, 2009 12:23am
Well, first let me extend my gratitude to Sonic, Tah & a special thanks to Basber for all the extra help and support that was so graciously afforded to me while I was trying my best to study and understand the Sonic R system.
No words can ever express the gratitude I feel to these people for their kindness and understanding.

To put it bluntly, I have failed in the task of trying to understand this system.
This is of course no reflection to the system nor those that teach it, it is simply that for me, there remain too many ambiguities in the analysis of the wave and the perspective necessary to know when to mentally zoom out and when to zoom in. Some people seem to have no problem with this but for me, it was a constant hurdle to surpass and one that proved more than a worthy opponent.

The above combined with the arrogance and condescending manner in which DD posted to me and indeed other people, was the last straw that broke the donkey's back.
I shall delete all posts from this thread as I do not want to leave any ill feeling for others to pick up on and if DD wants to come back to this thread, it will ease the way for this. This may take a couple of days as there are many posts. LoL

Well, once again, Many, Many thanks for your help and kindness even though, my attempt to fully understand the system failed.

Take care and I wish everyone the best in their studies and trading.


PS: it seems it is not possible to delete all messages, so I will delete the ones that I can.
Starting to see instead of just looking.
  • #8,916
  • Dec 19, 2009 3:08am Dec 19, 2009 3:08am
Quoting traderathome
About FEs:

Fibonacci Extensions/Expansions (the terms are used synonymously) are useful to obtain targets.

One way is to measure A to B, and then swing C up to the next high in the wave pattern (first chart, assuming short trade). This gives FE levels to select from.

Another way it to measure A to B, and then swing C down to the same level as B. And get your target levels that way (second chart).

Both ways obtain percentage levels of the A to B distance. But these percentage based levels are then applied to different starting points.

Ddaytrader...
Hi

I'm new to this system and recently started reading this thread.

Have a question regarding the charts you posted above.

Is it correct to say that according to the SonicR method the entry (short) should be initiated at the break of point B (?)

What would be the Target(s) using the Fib ext method 1?

Thanks
  • #8,917
  • Edited Dec 20, 2009 12:08am Dec 19, 2009 5:03am | Edited Dec 20, 2009 12:08am
Quoting Rastaman
Well, first let me extend my gratitude to Sonic, Tah & a special thanks to Basber for all the extra help and support that was so graciously afforded to me while I was trying my best to study and understand the Sonic R system.
No words can ever express the gratitude I feel to these people for their kindness and understanding.

To put it bluntly, I have failed in the task of trying to understand this system.
This is of course no reflection to the system nor those that teach it, it is simply that for me, there remain too many ambiguities in the...
Farewell...Rasta...

Sonic R was suppose to be easy...
I hope u dun give up...from 5 steps..I can say u r in stage 2...

Sonic
  • #8,918
  • Edited 12:17pm Dec 19, 2009 11:33am | Edited 12:17pm
Quoting Rastaman
Well, first let me extend my gratitude to Sonic, Tah & a special thanks to Basber for all the extra help and support that was so graciously afforded to me while I was trying my best to study and understand the Sonic R system.
No words can ever express the gratitude I feel to these people for their kindness and understanding.

To put it bluntly, I have failed in the task of trying to understand this system.
This is of course no reflection to the system nor those that teach it, it is simply that for me, there remain too many ambiguities in the analysis...
Don't quit this thread, Rastaman. You are making progress and will continue to do so. Everyone here makes mistakes, and will continue to do so. It is in the process of growing and improving. And I beg you to not let a personality conflict influence you to leave. Some day both you and ddaytrader will look back on the episode and muse at the foolishness of it all. You have to stay with the SonicR method.....let it sink in. Let more of it sink in as everyone posts trades, both winners and losers. This method is not "beyond" anyone. So I appeal to you, don't quit this thread, Rastaman.

Read the attachment please, Rastaman. See you Monday!
Attached File(s)
File Type: pdf 5steps.pdf   42 KB | 1,010 downloads
  • #8,919
  • Dec 19, 2009 1:29pm Dec 19, 2009 1:29pm
Right here is a mistake I made on Friday morning. I have included a picture of EUR/JPY. The purple line is where I entered why did I enter there because I thought there was a H L HL but when it started to retrace I thought hang on that’s not a H L HL.

I closed the trade and made a new trade with the right L H HL.

When I think back about the first trade I made it was because I panicked the price was shifting down and I made my own waves in my own head. I was reading the whole forum yesterday night and saw a post from basber which said about being more picky just because you missed a trade doesn’t mean that one won't be there tomorrow.
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  • #8,920
  • Edited 3:56pm Dec 19, 2009 2:19pm | Edited 3:56pm
SonicR Trading Method Manual:

I have started to read again from the beginning of this thread. After many pages there cannot be found any single comprehensive compilation of information on SonicR. Yes, there are numerous individual posts with charts. And some very few posts have an additional "Sonic gem of wisdom" added to the whole. But there is no single document, no manual for SonicR!

I propose to write one. I will do so on the basis that Sonic proof reads it and when it is as he wants it to be, that it will be posted on page one of this thread, in post one of this thread as part of the very first group of downloads.

I need two things. #1, I need Sonic to give me the "go-ahead" before I do anything more. #2, I do not have any program to convert a Word docucment to a PDF file document. So, I will need such a program if one can be obtained at no cost. Or, I will need someone to convert my finished Word document manual into a PDF file.

Attached is the beginnings......in Word format. I await replies.
Attached File(s)
File Type: doc SonicR Trading Method Manual.doc   23 KB | 1,426 downloads
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