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Sonic R. System

  • #9,321
  • Jan 8, 2010 9:50pm Jan 8, 2010 9:50pm
Quoting traderathome

In other words, I should just stick to SonicR trading.
It brighten my day...

I have 3 trades last week and all turn out to be winners... (I think I happen to share the detailed info of 1 trade, few pages back)...


Have a gr8 weekend everybody...
Sonic
  • #9,322
  • Jan 8, 2010 10:01pm Jan 8, 2010 10:01pm
Quoting behman8850
Muhammad, whats your trade positions on gbp/usd for this weekend?
Thanks.
i have sold at 1.5974 tp @1.5840
Behman...

Know the Rules??

No Pic No Talk...

http://i962.photobucket.com/albums/a...nt/npnt2rg.jpg
  • #9,323
  • Jan 8, 2010 10:01pm Jan 8, 2010 10:01pm
Quoting sonicdeejay
It brighten my day...

I have 3 trades last week and all turn out to be winners... (I think I happen to share the detailed info of 1 trade, few pages back)...
Hi Sonic,

Do you remember early in the thread you used to provide a review of your weekly trades with pics (no picture no post)?

I would really like to see you do that again at the end of each week - a quick chart pic of each of your trades would be helpful to Sonikers new and old alike!

Please ...

Thank you,

-DD
  • #9,324
  • Jan 9, 2010 3:39am Jan 9, 2010 3:39am
Quoting ddaytrader
Hi Sonic,

Do you remember early in the thread you used to provide a review of your weekly trades with pics (no picture no post)?

I would really like to see you do that again at the end of each week - a quick chart pic of each of your trades would be helpful to Sonikers new and old alike!

Please ...

Thank you,

-DD
Sonic, I have the same sentiment as ddaytrader regarding his request. You are the Master at this. We would all like the support and education such activity would provide.
  • #9,325
  • Jan 9, 2010 3:42am Jan 9, 2010 3:42am
For those of you using the TzPivotsD indicator, please be advised it is upgraded to version 3.4, and you can download it at the following post at the THV thread:

http://www.forexfactory.com/showpost...ostcount=16719

We believe the bunching up of the pivot lines that traditionally occurs over the X-Mas and New Years holidays, which is caused by partial trading days and multi-day gaps between days, is resolved.

The next project might be to strip the indicator of all frills, providing just the basic "today" pivot lines across the screen, and incorporate it into a "plain and simple" SonicR template....something along the lines of what ddaytrader uses. Then everyone, regardless of location and broker/server, will show the same pivots. It is an idea.
  • #9,326
  • Jan 9, 2010 5:31am Jan 9, 2010 5:31am
Dear traderathome,

up at post #9319, the second chart, you use a Fib indicator which shows the exact prices at the different levels. And plain and simple S&R.
Seems different to the one that comes with MetaTrader.
Would you mind telling me where I can find it?
Thanks.
Enter Signature
  • #9,327
  • Jan 9, 2010 7:14am Jan 9, 2010 7:14am
mcf.beyer,

Assuming you are referring to the attached chart, it is a MT4 Fibonacci Expansion Tool study that you are seeing. By default it does not come set up to display the prices on each of the levels. But you can make it so by modifying the data entered under Description, on the Fibo Levels tab of the Expansion Tool window.

For example, if the Description is "62", then change it by trailing it with a few spaces and the percent and the dollar signs, so that it becomes "62 %$". Now that FE 62 level will display the price also. You have to do this with each level. I have also added a few extra levels, which is why it does not look like the standard MT4 FE Tool....but it is.

Hope this helps.
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  • #9,328
  • Jan 9, 2010 8:19am Jan 9, 2010 8:19am
Quoting traderathome
mcf.beyer,

Assuming you are referring to the attached chart, it is a MT4 Fibonacci Expansion Tool study that you are seeing. By default it does not come set up to display the prices on each of the levels. But you can make it so by modifying the data entered under Description, on the Fibo Levels tab of the Expansion Tool window.

For example, if the Description is "62", then change it by trailing it with a few spaces and the percent and the dollar signs, so that it becomes "62 %$". Now that FE 62 level will display the price also. You have...
Thanks for the charts. I have been using the expansion tool for some time and also added price to each. Would you share what numbers you added? I could not see clearly from the posted chart.

Thank You and Regards,
Cigarguy
Keep It Simple
  • #9,329
  • Jan 9, 2010 11:29am Jan 9, 2010 11:29am
its simple i study pure sonic post in start of this threads that put your sl L1 and H1 until one of then hit TP or SL i practiced alot for this rule ....

Muhammd




Quoting traderathome
This post is in response to Pablo's GU trade questions, but it relates to the general discussion of where to put SL.....

Pablo, after you posted your chart (below) you asked if FE and Tps should be "adjusted"....
FxHome
  • #9,330
  • Jan 9, 2010 2:50pm Jan 9, 2010 2:50pm
i want to know something ..... do you guys take the economic news announcement into consideration when you trade .....cos i dont know if i have to trade during the news or after the news plz some one let me know how it goes....
  • #9,331
  • Jan 9, 2010 9:23pm Jan 9, 2010 9:23pm
Quoting cigarguy
Thanks for the charts. I have been using the expansion tool for some time and also added price to each. Would you share what numbers you added? I could not see clearly from the posted chart.

Thank You and Regards,
Cigarguy
I have: 0, 11, 24, 38, 62, 100, 161, 262, 424 and 638. The 11 and 24 are not really needed, and 38 is rarely needed.
  • #9,332
  • Jan 10, 2010 3:13am Jan 10, 2010 3:13am
Quoting riosworos
i want to know something ..... do you guys take the economic news announcement into consideration when you trade .....cos i dont know if i have to trade during the news or after the news plz some one let me know how it goes....
Hi Riosworos,

For me i don't really care about the news. Check the quote below

Sonikers trade based upon what price's waves are telling them price is doing, and not on their personal opinions and beliefs about what price "should" be doing. - From the Great DDaytrader

sonic r is all about the waves just ride them waves
  • #9,333
  • Edited 5:59am Jan 10, 2010 5:24am | Edited 5:59am
Quote:
Originally Posted by riosworos http://cdn.forexfactory.com/images/buttons/viewpost.gif
i want to know something ..... do you guys take the economic news announcement into consideration when you trade .....cos i dont know if i have to trade during the news or after the news plz some one let me know how it goes....

Quoting Juneman
Hi Riosworos,


For me i don't really care about the news. Check the quote below

Sonikers trade based upon what price's waves are telling them price is doing, and not on their personal opinions and beliefs about what price "should" be doing. - From the Great DDaytrader

sonic r is all about the waves just ride them waves
Whilst I concur with that principle, it could be a little misleading ..........

See posts 9279 from DD and 9301 from Sonic. Both took notice of the News.
Also, if you were purely watching waves, the EU made a Lower High and a Lower Low just prior to the NFP Release!!!! - see last pic in Sonics post 9301.

Whilst you don't trade the news you need to be aware of the timing and potential impact

Hope that helps?

Pablo
p.s. I'm still learning
  • #9,334
  • Jan 10, 2010 6:08am Jan 10, 2010 6:08am
Quoting traderathome

Pablo, after you posted your chart (below) you asked if FE and Tps should be "adjusted". I posted a chart with the FE adjusted (below). Now that the NFP furor is overwith you can see how it all turned out (last below). The FE 262 was the only true Tp1 on this trade, which finally went all the way to Tp2 at FE 424.

It didn't go unnoticed at the time TAH :-)

Given the high probability of the PA reaching an FE level of one kind or another, my next stage for research will revolve around "how to select the appropriate FE level".

Do you have any clear thoughts on this and how to maximise a TP?

Pablo.
p.s. I'm still learning
  • #9,335
  • Edited 7:17am Jan 10, 2010 6:21am | Edited 7:17am
Quoting traderathome
Sonic, I have the same sentiment as ddaytrader regarding his request. You are the Master at this. We would all like the support and education such activity would provide.

Soinic, DD and TAH,

as a recent convert to the SonicR System, I think this is a great idea but can I suggest a variation to the theme?

What would take this to another level is knowing, "When not to take a valid SonicR set-up".

Many SonicR Set-ups are posted each day/week. Some clearly don't fit the basic rules but others do.
I would like to know from the more experienced Sonikers, why they wouldn't/didn't take a valid SonicR Set-up.

I appreciate this all takes valuable time and effort but thank you in advance,

Pablo
  • #9,336
  • Jan 10, 2010 6:23am Jan 10, 2010 6:23am
Quoting PabloOnFX
Quote:...
For me i think the market already knows what its going to do. Yes i agree the NFP does affect the market big time but i think the market already knows what its going to do also there was no true sonic setup on EU just before the market.

Just my thoughts i maybe wrong but what the hell.
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  • #9,337
  • Jan 10, 2010 6:33am Jan 10, 2010 6:33am
Quoting Juneman
For me i think the market already knows what its going to do. Yes i agree the NFP does affect the market big time but i think the market already knows what its going to do also there was no true sonic setup on EU just before the market.

Just my thoughts i maybe wrong but what the hell.
Hi Juneman,

the quote was "price waves" not Sonic Set-ups and you'll have noticed the ongoing debate about using Indicators to filter out Wave Set-ups.

But we are on the same page :-)

Pablo
  • #9,338
  • Jan 10, 2010 7:14am Jan 10, 2010 7:14am
I need some help from the Sonic family ...
I have some misunderstandings due to some contradictions that I have found regarding entries , according to my insight .
Would appreciate Sonic, DD , TAH , M. & all sonikers comments.
Pic 1 - it's from Sonic's Manual , ex #7. I do not understand what was the entry trigger. I see L,H,HL but no Break Out (BO) of the H. So what is the trigger ? A candle closing above the dragon ? Why not to wait for the BO ?
Pic 2 - it's from Sonic's Manual , ex #7 .I do not see a "proper" wave.
What was the trigger ? Is this a "Sonic" entry ?
Pic 3 - Perfect explanation by DD . No Long trigger here !
But according to pic 1 , based on the Manual , some enter here long .
Pic 4 - from our Champion Muhhamad .I see L,H,HL .
He entered at the yellow line .So what was the trigger here ?
a. candle closed above dragon but bellow the previous H (?)
b. I think it's like a re-entry , as price got support from the dragon (round green line) and the trigger was when the candle closed above the dragon.
Thanks
David
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  • #9,339
  • Jan 10, 2010 7:45am Jan 10, 2010 7:45am
Quoting david4u
I need some help from the Sonic family ...
I have some misunderstandings due to some contradictions that I have found regarding entries , according to my insight .
Would appreciate Sonic, DD , TAH , M. & all sonikers comments.
Pic 1 - it's from Sonic's Manual , ex #7. I do not understand what was the entry trigger. I see L,H,HL but no Break Out (BO) of the H. So what is the trigger ? A candle closing above the dragon ? Why not to wait for the BO ?
Pic 2 - it's from Sonic's Manual , ex #7 .I do not see a "proper" wave.
What...
Hi David,

I will give it ago to answer your questions but might need some help from others.

Ok lets start

Picture 1

I would have had a buy stop at the green line because the price has made a HH.




http://cdn.forexfactory.com/attachme...7&d=1263128877

Picture 2

For me i would not have traded that at all. Yes it made a L but hasnt made H or a HL.

http://cdn.forexfactory.com/attachme...8&d=1263128877



Picture 3

You are a correct there was a potental long there but the price never made a HH. Where you have placed the black line i would have had a buy order set there.

http://cdn.forexfactory.com/attachme...9&d=1263128984



Picture 4

Ok yes the price made a new L but it continued to trend up i would have had a buy order at 1.59593 the pink line. Just because once it broke that it made a HH.


http://cdn.forexfactory.com/attachme...0&d=1263128984


Here are 2 pictures which are stuck on my wall maybe they might help you see the sonic r setups better.
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  • #9,340
  • Jan 10, 2010 8:14am Jan 10, 2010 8:14am
Picture 1
I would have had a buy stop at the green line because the price has made a HH.
I agree with you .The example with the black line marking the entry is from the "Sonic R. System" edited by Basber @ 5 july 2009 .
(ex #7 page 14)
Picture 2
For me i would not have traded that at all. Yes it made a L but hasnt made H or a HL.
I agree with you .The example with the Black line marking the entry is from the "Sonic R. System" edited by Basber @ 5 july 2009 .
(ex #3 page 10)
I assumed the examples in the manual were approved by Sonic (?)
Picture 3
You are a correct there was a potental long there but the price never made a HH. Where you have placed the black line i would have had a buy order set there.
I agree with you .The chart was made perfectly by DD , but I see distinguish members entering before the breakout and I do not understand what was the trigger.
Picture 4
Ok yes the price made a new L but it continued to trend up i would have had a buy order at 1.59593 the pink line. Just because once it broke that it made a HH.
I agree with you .This trade was done by our champion Muhhamad @ the yellow line . I was wondering what was the trigger there and have suggested 2 possible explanations about the trigger of entering there IMHO .
Tks
David
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