Sonic R. System | Page 531 | Forex Factory

Options

Go to
Permalinks
Print Thread

Similar Threads

Sonic R.evolution 95 replies

The System Behind the System, by Merlin Jeffries 16 replies

Old School Sonic System + Other Things 11 replies

Knife system, Vegas 4h system related questions. 4 replies

Would you trade this system? New system #2. 10 replies

Attachments: Sonic R. System
Exit Attachments

Sonic R. System

  • #10,601
  • Mar 8, 2010 6:31am Mar 8, 2010 6:31am
Quoting Rastaman
Basber, I was just writing this to ask about this GU setup, if it does breakout today. If it does not, I am perfectly prepared to wait till it enters the zone I deem to have a possibility of a breakout.

EDIT:
GU has moved so far since I was writing this, this is no longer a valid question but at the point in the chart, I think it is valid.


I am reading your post about the learning curve and I can understand it. It is a great Post Basber!!!!


I thought this was a good question to ask but TAH seemed to rebuff me for asking it, don't know...

You can enter on breakout if you're an aggresive trader. but if I wanted to trade SonicR, I'll be more satisfied to see this ... (blue lines) ...

It's better to see the retest on previous resistance not through it ...

Regards,
Basber
Attached Image (click to enlarge)
Click to Enlarge Name: pic.gif Size: 51 KB
Trading methods are designed to put the odds in our favor, not predicting.
  • #10,602
  • Mar 8, 2010 6:34am Mar 8, 2010 6:34am
There is no clear signal from the pairs, which by now have made mini-moves in both directions. A bigger move to breakout is going to be required. Maybe with US traders added to the mix we will get some direction.
  • #10,603
  • Mar 8, 2010 6:36am Mar 8, 2010 6:36am
Right Basber, You have cleared something up for me that I have been thinking about. Many thanks.
Starting to see instead of just looking.
  • #10,604
  • Edited 6:52am Mar 8, 2010 6:42am | Edited 6:52am
EJ:

Went to bed. Woke up to find this (chart one)....a mini-break south. Still, it could go that way (chart two). The entire range so far this session for each pair may simply be the consolidation range, with each major trading group using that range to "fix" their positions for the next move.....asian traders, then european traders, next the US traders. Now, maybe they know which way the prices will next move, and maybe they don't. We sure don't. So, we have to wait for a setup without any false start. Today, or tomorrow?
Attached Image(s) (click to enlarge)
Click to Enlarge Name: # 302.gif Size: 21 KB
Click to Enlarge Name: # 303.gif Size: 22 KB
  • #10,605
  • Mar 8, 2010 6:47am Mar 8, 2010 6:47am
Why Traders Keep Losing Money

Imagine a mutual fund run by several money managers. Some of these managers are relatively astute and quite attentive to market data and patterns. Others tend to take their eye off the market ball and consistently lose money. The overall performance of the fund, averaging the returns of these managers, is mediocre, as the losses of the poorly performing managers cancel out the gains of the astute ones.

What would you do if you were the chief executive officer (CEO) of this fund?
Easy, you say. You would identify the successful managers and place all the money in their hands. You would either fire the unsuccessful ones or ensure that they couldn't make final decisions about the investment of funds.

Now imagine that, within yourself, there are actually several different traders, each of whom takes control of your account for a period of time each day. One or two of these traders are relatively astute; others are downright destructive. Your overall performance suffers as a result. As Chief Executive Observer of your own account, what should you do?

If you harbor multiple traders within you--some careful, some impulsive, some successful, some losing--your first task is to avoid labeling these traders and instead take an Observing stance. You need to figure out why these lousy traders within you are trading! They evidently are not trading simply for the monetary reward; if that were the case, they would never overrule the successful traders within you. The chances are good that they are trading to achieve something other than a good return on equity: a sense of excitement, a feeling of self-esteem, or an imposed self-image.

You do not fail at trading because you are masochistic or because you love failure or feel you deserve defeat. Rather, you sabotage your trading because you have different facets to your personality, each with its own needs, each clamoring for access to the trading account.
Your trading suffers because you are not always trading with the equity stake firmly in mind. In a strange way, a losing trade can be a success to that part of you that is, for example, looking for excitement--not profits--from the markets
  • #10,606
  • Mar 8, 2010 6:49am Mar 8, 2010 6:49am
Thank you Basber. You gave out so clearly explain. Especially the last paragraph, I learn much.

Quoting Basber
I believe it's not a good setup ... why ?! because :

1) Price (see 89 EMA) is in a up trend, so If you want to go short, wait for a very good entry in these situations (see my U/J trade last thursday)

2) Even if you consider it a reversal, it's too late to enter, you should've entered 1.365x not after the second low.

3) there was a good volume on top, but I believe it was postion closure by big boys, due to high volume on lows at last night and friday during NPF. so I'll wait for more convincing entries later on ...

Don't rush to trade...
  • #10,607
  • Mar 8, 2010 6:57am Mar 8, 2010 6:57am
Quoting DanPa
Why Traders Keep Losing Money

Imagine a mutual fund run by several money managers. Some of these managers are relatively astute and quite attentive to market data and patterns. Others tend to take their eye off the market ball and consistently lose money. The overall performance of the fund, averaging the returns of these managers, is mediocre, as the losses of the poorly performing managers cancel out the gains of the astute ones.

What would you do if you were the chief executive officer (CEO) of this fund?
Easy, you say. You would identify...
Good post, DanPa. Thanks!
  • #10,608
  • Edited 7:31am Mar 8, 2010 7:08am | Edited 7:31am
EJ:

I think my last picture may be incorrect, conservative entry, but incorrect?

Here marks the candle setting future EP. The problem remains with the move failure at lower prices. It could happen again. Tight SL situation? (First chart). Backing off for broader picture, applying FE gives 127% level at DPV. Nice, so possibly a target should price make a move south (second chart). Current picture anyway. The picture could change if price goes up more again before any move down. Patience.

Edit: Updated second chart. Notice the highs of the last four M15 candles are all at the same price. Iceberg sell order? Each time price gets up there, another part of a huge sell order is executed? And that is why the price hasn't made it higher? Warning: Speculation!

SonicR - Let the market decide.
Attached Image(s) (click to enlarge)
Click to Enlarge Name: # 304.gif Size: 24 KB
Click to Enlarge Name: # 305.gif Size: 29 KB
  • #10,609
  • Edited 8:41am Mar 8, 2010 8:01am | Edited 8:41am
EJ:

A new candle marks the spot. The H-L-LH sequence is intact for now. Waiting to see if price breaks out, or goes up and ruins my pretty picture.

Edit: Same candle marks EP. The H-L-LH sequence changed, but still intact for now, as price was moved up. New FE (c) and targets (second chart). They could move the price still higher before they are satisfied a run down will be sufficiently profitable. I hope they don't because I like where the FE levels are aligning now with historic PA. Warning: Speculation! The next move could be up.
Attached Image(s) (click to enlarge)
Click to Enlarge Name: # 306.gif Size: 29 KB
Click to Enlarge Name: # 307.gif Size: 27 KB
  • #10,610
  • Mar 8, 2010 8:31am Mar 8, 2010 8:31am
Hey Guys, take a look at my post 10952...was that an sonicr entry? i am still in that trade...but...

thanks!
  • #10,611
  • Mar 8, 2010 8:43am Mar 8, 2010 8:43am
Quoting DanPa
Hey Guys, take a look at my post 10952...was that an sonicr entry? i am still in that trade...but...

thanks!
What thread, DanPa? This thread only goes up to 10611! No, that was not. PA needs to make an extension out of Dragon, then recede into Dragon. Then come back out to exceed extension. By your chart, though hard to see details, it looks as though you traded the extension candle.....never waited for a pull back and another run out of the Dragon.
  • #10,612
  • Mar 8, 2010 9:00am Mar 8, 2010 9:00am
EJ:

Current candle showing bearish now, falling below half number, below recent lows, back down into Dragon. Speculative PA Wave projection in yellow.....
Attached Image (click to enlarge)
Click to Enlarge Name: # 308.gif Size: 28 KB
  • #10,613
  • Mar 8, 2010 9:15am Mar 8, 2010 9:15am
Quoting traderathome
What thread, DanPa? This thread only goes up to 10611! No, that was not. PA needs to make an extension out of Dragon, then recede into Dragon. Then come back out to exceed extension. By your chart, though hard to see details, it looks as though you traded the extension candle.....never waited for a pull back and another run out of the Dragon.
ok, thx TAH...got out for -11 pips.
  • #10,614
  • Edited 9:56am Mar 8, 2010 9:28am | Edited 9:56am
Hi folks,

I just put a sell stop around 3635 with TP 3595 SL 3700

My SL gap is high at the same time my TP is below HIGH so i will adjust to BE once it goes halfway...in H1 TF it hit the Top trendline and pulling down....any comments sonikers.

GU already made huge drop EU resisting to go down ?
Attached Image (click to enlarge)
Click to Enlarge Name: Potential EU Short.JPG Size: 124 KB
  • #10,615
  • Edited 9:50am Mar 8, 2010 9:39am | Edited 9:50am
Remember this great trade by Basber last week? Note the "Dragon Double Bottom" in the SonicR setup. I am beginning to think it's appearance in setups that run well may be consistent enough to be something to look for before trading a SonicR setup. Just a thought at this time, but some of you may want to be on the lookout for Dragon Double Bottoms and Tops, and see if it holds up. Another thing of note about the EJ chart is the NVO histogram vs price......more trading at the highs.
Attached Image(s) (click to enlarge)
Click to Enlarge Name: excellent sonicr setup #2.gif Size: 37 KB
Click to Enlarge Name: # 309.gif Size: 28 KB
  • #10,616
  • Mar 8, 2010 10:04am Mar 8, 2010 10:04am
This is my today treid +48 pips
Attached Image (click to enlarge)
Click to Enlarge Name: Grafikas 5.JPG Size: 70 KB
A small profit is better than a big minus...
  • #10,617
  • Mar 8, 2010 10:13am Mar 8, 2010 10:13am
EJ Short Trade:

Bearish candle thru EP. This may be it.....
Attached Image (click to enlarge)
Click to Enlarge Name: # 310.gif Size: 28 KB
  • #10,618
  • Mar 8, 2010 10:17am Mar 8, 2010 10:17am
TAH talking of Double Top Dragon Setup

Here is another example in my opinion
Attached Image (click to enlarge)
Click to Enlarge Name: EU Trade Live.JPG Size: 130 KB
  • #10,619
  • Mar 8, 2010 10:26am Mar 8, 2010 10:26am
Quoting ravin
TAH talking of Double Top Dragon Setup

Here is another example in my opinion
I marked the Dragon Double Tops in dark violet.
Attached Image (click to enlarge)
Click to Enlarge Name: ravin eu.JPG Size: 129 KB
  • #10,620
  • Edited 10:55am Mar 8, 2010 10:32am | Edited 10:55am
EJ Short Trade:

TP1 reached. Half of trade closed. If PA pulls up to EP area (or even mR1/ FE 62% level) before more downside, I'll likely put that half back into the trade.
Attached Image(s) (click to enlarge)
Click to Enlarge Name: # 311.gif Size: 28 KB
Click to Enlarge Name: # 312.gif Size: 28 KB
45 traders viewing now