Sonic R. System

Hello SonicR,

I am new to this thread.. I am currently following J16 thread,, which you know very popular in FF. I trade on micro lots.. but a very little.. still learning things..

I read your first post and the PDF describing the system- how it compares to J16 strategy..

I am sure this question must have been asked by many people. Where should I start to understand this system.. from the 1st post or keep following from here to learn nuts and bolts of the system ?

One more thing is about - "The 5 Steps to becoming a trader" - This analogy I read before - NOT in trading terms .. but the message is same.
I read it in the book "You can win" by a famous Indian motivational speaker - "Shiv Khera".


Edit:
PS: I have still not installed indicators on my charts..

I see..I am glad to hear he is ok..

Sonic

Wow! as a newbie this is so much information but it is all good. I have re read this doc about 5 times. I hope one day to get up to speed.

hi sonic..
i'm new to your thread... but its look like very good system..
but i'm a little bit confuse about how to Open Position.. since I got so many V sign ( H, L, HH, HL, etc..) so i confuse what the exact V sign is sign of reversal for OP??? could you please explain to me???
thanks...

have a profitable trade, sorry not been able to post a call before..

half on FE100, SL@BE now, throw out @BE

Sonic

First of thank you for this good trading system, I want to know can this be used on a 5 min chart for entry ? or is it better to use the 15 min chart for more accuracy ?

Use only the 15 min chart - see previous posts.

5 min is fine too..
but i m more comfy...with 15m TF..

Sonic

Hey guys

Quick question, If I missed a entry and I was to late to see it, is it possible to still get in the trade like the attachment i provided ? Where i drew a line ?

Hi Sonic,

this is my first time here, I'm not a newbie trader, but would like to try out your system. There seems to be some confusion as to which is the latest templates/indies you are using so can you please enlighten me and possibly post the files here so I can just pick them up.. tks a lot in advance..... Richard.

EJ and some "speculation":

Weekly_ Even moving the cup rim up to the mid-line of the "handle", this could drop 300 pips below last low, to complete the downside run off of this formation.

H4_ Not only did PA drop out of the bottom of the retrace study, but dramatically so, and has only "bounced" back to the bottom of the study. Based on Dragon and Trend Line, still bearish.

M15_ PA was gapped up and then run up higher, considerably expanding session range over average. But we now see SonicR short setup in process with PA having dropped down thru Dragon to make EP, then pulled up, then a short run down past EP and now another pullup. Not saying it is time to enter, as it is late in session. But might keep eye on this for run down next session if not sooner.

Now for the speculation. Over weekend the Central Banks announced support of euro. Is it not strange that the Central Bank trading desks (Speculators) pulled the rug on this Friday, got their announcement over the weekend, and then gapped it up this first session of the week?

.....Almost 1000 pips down, followed by over 1000 pips back up? By having their trading desks drive the price down, they caused enough concern to garnish support for the euro. Once having that support announced, they had their justification for the gap up! And not just on the EJ either! That is a hell of a good way to make money! Even the gambing casinos don't have the power or legality to execute THAT kind of manipulation!! (WARNING: Speculation!)

Anyway, this could have some nice downside this week. Let's see what happens........let the market decide.

Hey not a sonic trader but I mentioned this pattern last week in the E/J thread. And nobody replied.

Anyway thank you, nice analysis there.

EJ, and some more speculation:

Early in the Monday asian session, price was taken down a bit over 100 pips. I doubt this is the start of a greater move down. What it could mean is that the start of the greater move down is going to come from a higher level, and the asian Speculators dropped the price a bit to take on longs for the pump up to that higher level, where they'll shed those longs for a handsome profit, and be taking on shorts for that greater move down.

This is just speculation on my part, but this early and small move down does not have me anxious to wade in short. I'll sit back and see if there is a nice move up to higher levels first. There might even be a SonicR long setup before a setup for a short trade. However, if price eventually meets with the Dragon again, but does not move thru it to the north side, I may revise my thinking.

Warning: Speculation!

U/J: Just got in. Market will decide.

My today's GBP/U trade. Sorry for posting after TP1 was reached.

Possible Long...?
I am kinda convinced by the increase vol at the low...that might prove as the stopping vol..

UK session will tell....

Sonic

Morning trade

My buy limit didn't filled,don't like the price action

GBP/U: TP2 hit. Trade closed. I used Fib expansion to determine clearer
support levels and used them as my TP.

U/J: TP1 is about to get hit. Moving SL to BE.

EDIT: Second order was taken out at BE.