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Sonic R. System

  • #10,421
  • Mar 1, 2010 12:41pm Mar 1, 2010 12:41pm
Quoting Rastaman
Yes, TAH

The fact that we draw the wave is probably the actual culprit in solidifying our opinion in one direction Bull or Bear.
It is a strong conscious act which can devoid us of impartiality.
Perhaps we should always draw two waves just to prevent the mental bias.

I am just reading Jesse Livermore's comment about, "There is only one side to the market and it is not the Bull nor the Bear side but, the Right Side".
How fitting it seems that I read that today, even though I have of course heard it many times, I never really knew where it came...
I once listened to tapes of the book. This guy would sell lightly thru one broker to start a move, while having buy orders set with another broker, which got filled once the sell momentum carried down to his buy level!

It is the same technique the Theives of Wall Street and the forex Big Dogs have refined to steal everybody else blind!
  • #10,422
  • Mar 1, 2010 12:47pm Mar 1, 2010 12:47pm
UJ M15:

Coming into the last several hours of the session, PA has fallen back to the EP area, which could be anywhere just above whole number, maybe around mR1. The entire time of the pump up/down seems to have been a "trading" flop. May I speculate that the manipulators just could not fool as many into going long as they had hoped to? Warning: Speculation!

SonicR - Let the market decide.
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  • #10,423
  • Mar 1, 2010 12:52pm Mar 1, 2010 12:52pm
Quoting traderathome
I once listened to tapes of the book. This guy would sell lightly thru one broker to start a move, while having buy orders set with another broker, which got filled once the sell momentum carried down to his buy level!

It is the same technique the Theives of Wall Street and the forex Big Dogs have refined to steal everybody else blind!
Yes, the bucket shops and how he lost a great deal simply because of the lag of the ticker tape. Quite amazing for a 15 year old in 1901 to make $1,000 then at the age of 20 make $10,000. That said, this guy was undoubtedly both a genius and simultaneously crazy.

I like this line but, I think we can do the same thing with losing a little, I think the amount is not so important, but losing real money is.
Having personally experienced this now, I understand the importance of losing, whereas before, I was just afraid of losing even demo money because I did not understand the Lesson of losing.



------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
"There is nothing like losing all you have in the world for teaching you what not to do.
And when you know what not to do in order not to lose money, you begin to learn what to do in order to win. Did you get that? You begin to learn!"
Starting to see instead of just looking.
  • #10,424
  • Mar 1, 2010 12:53pm Mar 1, 2010 12:53pm
Quoting traderathome
Ravin, I agree with Domas4. I'll go a step further and suggest to you that the trades you post be those on the M15 out of respect for Sonic, his SonicR method, and the rest of the good folks here, like yourself, learning to be profitable with with it.

Thank you.
Thanks both points are noted and accepted
  • #10,425
  • Mar 1, 2010 1:00pm Mar 1, 2010 1:00pm
Quoting ravin
Thanks both points are noted and accepted

I also did the same thing at first thinking, the M5 would lower the SL, and I can get out of a losing trade quicker.
The fact is, it gets you out of both losing and winning trades quicker which makes you lose more and then you trade more and lose more again.
Starting to see instead of just looking.
  • #10,426
  • Mar 1, 2010 2:09pm Mar 1, 2010 2:09pm
UJ M15:

Another drop. Some increased trading behind it, though only shows on M5 and M1 charts. Not going to get excited unless it breaks DPV, in which case all hell could break loose!
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  • #10,427
  • Mar 1, 2010 2:25pm Mar 1, 2010 2:25pm
Quoting traderathome
UJ M15:

Another drop. Some increased trading behind it, though only shows on M5 and M1 charts. Not going to get excited unless it breaks DPV, in which case all hell could break loose!

IMO, the TL may get in the way if it dun break. testing it already

gd luck
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trade safe
  • #10,428
  • Mar 1, 2010 2:31pm Mar 1, 2010 2:31pm
Quoting zz_zhang
IMO, the TL may get in the way if it dun break. testing it already

gd luck
Yeah, that too. It could bonce once again, and we don't see dowward play until next session FO/LO (unless we get one of those rare bonafide asian session moves). On the other hand, if it breaks DPV today, this late in the session.....things could get interesting.

Edit: (Speculation)....Which one of the Big Dogs is going to get greedy and chicken out first, and start dumping while the price is where it is.......?
  • #10,429
  • Mar 1, 2010 3:46pm Mar 1, 2010 3:46pm
waiting for that ... who knows..
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  • #10,430
  • Mar 1, 2010 3:54pm Mar 1, 2010 3:54pm
Quoting DanPa
waiting for that ... who knows..
Session closing within minues. Price action status quo. Lets see what the asian session traders do with it later. Would not be surprised if they pump it while shorting it.
  • #10,431
  • Mar 1, 2010 4:10pm Mar 1, 2010 4:10pm
Quoting traderathome
Session closing within minues. Price action status quo. Lets see what the asian session traders do with it later. Would not be surprised if they pump it while shorting it.

Yes TAH, i bet that we will have some action tonight !
  • #10,432
  • Mar 1, 2010 4:16pm Mar 1, 2010 4:16pm
Quoting traderathome
Session closing within minues. Price action status quo. Lets see what the asian session traders do with it later. Would not be surprised if they pump it while shorting it.

Yes TAH, i bet that we will have some action tonight !

ps:i received an indi that give some signals on mt4, but if i install it , the left up corner (tzpivotd data) become just an black empty square; what can i do in this case?
  • #10,433
  • Mar 1, 2010 4:19pm Mar 1, 2010 4:19pm
Quoting DanPa
Yes TAH, i bet that we will have some action tonight !

ps:i received an indi that give some signals on mt4, but if i install it , the left up corner (tzpivotd data) become just an black empty square; what can i do in this case?
Nothing. The other indicator must include deinit() Comments (""); code. If you post it or email it to me, I could look at it to see if there is some work-around possible: [email protected]
  • #10,434
  • Mar 1, 2010 4:23pm Mar 1, 2010 4:23pm
Quoting traderathome
Nothing. The other indicator must include deinit() Comments (""); code. If you post it or email it to me, I could look at it to see if there is some work-around possible: [email protected]
  • #10,435
  • Mar 1, 2010 4:56pm Mar 1, 2010 4:56pm
Quoting Rastaman
I also did the same thing at first thinking, the M5 would lower the SL, and I can get out of a losing trade quicker.
The fact is, it gets you out of both losing and winning trades quicker which makes you lose more and then you trade more and lose more again.
Hi,

It will be fixed if we have forth version ... I'm waiting for sonic's decision.

Regards,
Basber
Trading methods are designed to put the odds in our favor, not predicting.
  • #10,436
  • Mar 1, 2010 5:24pm Mar 1, 2010 5:24pm
Quoting Basber
Hi,

It will be fixed if we have forth version ... I'm waiting for sonic's decision.

Regards,
Basber
Basber, you keep referring to "fourth" version. What did you have in mind for that? I read your comment about reducing the number of indicators. My own comment about that is this......

I believe the concept behind the original SonicR actually uses only two indicators: the Dragon and the CCI. Not even pivots! Sonic included pivots, and along the way added the Trend MA (89ema) and the QQE. Later he dropped the QQE and included NVO. And other indys like spud fibo and SHI Channel were also available. But if I am correct, the original concept was just the Dragon and CCI. You can't get more brief than that!

Yes, in some sense CCI is nothing more than another view of PA about the Dragon......just that the CCI flattens the Dragon into a straight line. So a "purist" would toss the CCI as being redundant. And the Trend Line (89ema) plays second fiddle to actual PA and in no way can be a reliable predictor of PA. So, it too could be tossed.

So, with the CCI and 89ema Trend Line tossed into the bucket of other "periferal" indys, what is left? Just the Dragon and a reliable set of pivots.

Is this what you had in mind?
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  • #10,437
  • Mar 1, 2010 5:50pm Mar 1, 2010 5:50pm
Quoting traderathome

Is this what you had in mind?
Look very sexy ! i like it !
  • #10,438
  • Mar 1, 2010 11:26pm Mar 1, 2010 11:26pm
I am looking at USD/CHF and wondering if we are going to see a short setup when LO opens. We have Div on the last range high on H4 and the Bearish hammer at the top of the high on M15. All we need now is a nice wave setup to form.
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Starting to see instead of just looking.
  • #10,439
  • Mar 2, 2010 1:05am Mar 2, 2010 1:05am
I am in!

EP 3512
SL 3547
TP 3461
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  • #10,440
  • Mar 2, 2010 1:07am Mar 2, 2010 1:07am
DanPa, you're not alone
Patience is the key.
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