Sonic R. System

And it did

DanPa
Very impressive results ! Congratulations.
Unfortunately I am not able to learn much without seeing your setups in a chart.
It will be of great value for us If u can post your charts as TAH does , as possible , preliminary setups in real time before they get triggered.
If we all do that it will be just fantastic ...
Tks
David

Great Job Domas
260 pips !
1.You had 2 limit orders ... so if u are not in front of your PC , can u get triggered twice ?
2. In case of a "small" retracement of 38% ...
where is your trigger ? You do that manually on the retracement or do you wait for price to break the previous H ?
3.How did u draw your Retracent and extension together ?
How the 127% is above 0 ?
4. You have marked 2 TP's ...after TP1 is reached u move your SL to BE ? or can be before
And the most important request Domas ... your trades are great , Pls try to post your charts BEFORE the trades are triggered so we can all learn from your experience.
Regards
David

This strategy of mine has been yet experimental and I have been using it
for only a month. So it is not yet strictly defined by rules. If people in thread
like it, they will develop it. Whereas I am secretly testing and trading it,
without posting it here, because it is not original SonicR entries. I shared this
idea with DD and he has been positive about it. Note that I continue to
trade pure SonicR as my bread and butter.
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1.You had 2 limit orders ... so if u are not in front of your PC , can u get triggered twice ?

Yes, 62% retracement will be TP'ed at 1.27% extension,
50% retracement will be TP'ed at 1.618 extension.
The reason I use 50% instead of 38% is that Price oftentimes shoots
through 38% and touches 50%.

The reason why I put orders at different levels is that sometimes Price
retraces only to to 38/50% and then starts off. But sometimes the Price
retraces to 62% and then starts off. For the start off, I really want to
to be in the market with two orders so I can make money from most of the
move. So why don't I put both of my orders at 38% retracement, you may
ask? To minimize the Stoploss. There is a trade-off between risk and the
chance that my limit orders will be reached before the Price starts off.

That is the biggest concern about this strategy: how the limit orders should
be managed. So far my conclusion is that we should measure the previous
waves with fibs, and then decide how long the retracement will be. But I
did not have much time to test it yet.
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2. In case of a "small" retracement of 38% ...where is your trigger ? You
do that manually on the retracement or do you wait for price to break the previous H ?

Yep, sometimes it only touches 38% and then goes for 200pip move. So I
said above, there should be a way of somehow measuring previous waves,
so that we know how far the current wave will retrace.

Worst case scenario - there is a SonicR Buy/Sell stop order waiting
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3.How did u draw your Retracent and extension together ?
How the 127% is above 0 ?

Retracement and extension are intertwined. Don't confuse extension
with expansion.

How I got 127% above 0 - I modified my fib tool, so that I get inverse
numbers. You can do that too by adding "-" in front of the numbers.
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4. You have marked 2 TP's ...after TP1 is reached u move your SL to BE ? or can be before

Yes, so far I have been practicing that after the Price reaches TP1, I
move SL@BE. Sometimes even sooner, when HH or LL has been touched.
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5.And the most important request Domas ... your trades are great , Pls try
to post your charts BEFORE the trades are triggered [...].

A few months ago I created a rule for myself - to post every 'before and after'
trade into this thread. You can find this period by searching for my
posts with Black charts with one indicator - Dragon. If you would make
an accounting book for that period, you will find only 1 or 2 loss trades
for a two month period. That was my breakthrough period (thanks to DD)

Nowadays, I post my trades only if I have nothing to do, or I want to emphasize
something. Reason is that I find it really distracting from trading.
Imagine taking screenshots all the time instead of ... let's say managing market
orders. Then painting on those charts, uploading them and writing
comment about them before they even get triggered. To me it's distracting.
I know TAH has been doing superb job at posting EVERYTHING he thinks is
going to happen. And I bet he has a lot of "subscribers" reading his analysis
of market manipulations, sandbagging of speculators and announcements of
shorting seasons (no offence ). Honestly, I pay attention only if I see 3-4
lines on chart: entry, stoploss and takeprofits. Even if the trade was posted
after.

I understand that you need posted pictures before the trade triggers, so you
can compare it to your own chart. Sonicers tend to post less of their live
trades after they become profitable (Muhammad,Basber,DD). I know that
young Sonic students need those posts, however there are more than 800
pages of posts which you can re-analyse everyday.
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5. [...] so we can learn from your experience.

Want to learn from my experience: Read all Ddaytrader's posts and make a notebook.

BTW, how is your son?

EU:

Since nobody seems to want to post anything to start off the day, I guess it is up to me. Ok, here is a synopsis of a SonicR-Domas4 quasi trade just completed...

When first viewing things earlier, I saw that PA maybe had not finished lifting, but it was already into the Asian session and I was not sure if it would collapse anytime. So, I took a different strategy, a counter-trend strategy. I waited until I saw both PA hit a new high and sudden high NVO readings. Then I dropped to M5 chart (attached).

The Dragon is experimental. I waited for the first reversal run down to stop below the Dragon, and then used a couple of ideas garnered from Domas4. I applied the FR study (to which I have added numerous extension levels in both directions) and waited for a 50% retrace upwards. Unlike Domas4, I was not looking for a LL in this setup since it was an immediate counter trend trade. Neither was I looking for lots of NVO on this retrace....my thinking is the Speculators have short orders for this area that are huge, so there won't be a lot of them. And it would be too early in the Speculator's play for retailers to be aware and be jumping in. I entered short at the 50% retrace level. Since I favor whole and half numbers, I set my TP where I found an FR level that was near one....the FR 162% level in this case.

Then came the hard part. I waited.

Trade hit TP for 137 pips profit and closed.

Edit: Domas4 won't see this one because it has more than 3 or 4 lines on it!

EU:

Here is the second such trade.....

PA has reversed again into the M15 trend up, but it is too early for a SonicR setup. However, back on the M5 PA made it up thru the Dragon (experimental). I applied the FR study and set my buy at the 50% retrace. The FR levels nicely align with whole/half numbers.

This time I'm scaling out, with 1/3 already closed for 54 pips profit.

My experimental trade!

I noticed that my charts are not like your TAH... mean the sonic dragon on your charts are more UP comparativ with PA / why? (look at your EY for example)

DanPa, my standard Dragon is the same as yours, see charts. An experimental Dragon sometimes is on my charts, in which case I so state.

I SEE THX!

how can i take off the time broker, beijing london...?

THANK FOR SHARING, that will save me lots of pip.... will try out and see...

DanPa, please consider that on H4 PA may be in a slight pullback down mode before moving higher. The last bear candle was almost down to the FR 50% retrace level, and the overall two lows on the chart might constitute a double bottom. As Sonicdeejay might say, keep a watchful eye on your trade. There was a lot of trading on that last dip!

DanPa, the Clock Panel is via a different indy. Simply bring up your chart indys list and select the Market Panel Clock (White) indicator. The first external input is the ON/OFF switch.

THX for advice TAH, already closed 2/3 position for 65 pips (near 50% fib level), and for remaining i have SL BE. Still have the sell order in place if Sonic signal will appear;

It's not because I became profitable. It's because I've been very busy in past few months. I'll be back on track when things are sorted down here.

BTW, well done helping other traders Domas, both newbies and experienced ones. Hope you keep it up

Regards,
Basber

Hi Basber, one thing i want to ask you kindly: please remove your signature, change it, because when i am reading it make me sick....the truth hurt!

I see DanPa and TAH have took initiative and started experimenting with it.

Very good call by DanPa with E/J. I took note that the bigger the swing,
the closer SL we can put. Entry zone between 50% - 62% seems perfect.
Let's keep testing

I am going to try to use it as a re-entry for E/J.
I measured the last swing.

EDIT:
I'll try to measure the bigger swing too (From Highest High to Lowest Low)
and see if the re-entries should be put there.

So as you can see, it retraced properly if I measured the last swing.
TP1 taken few pips above LL: +70 pips, SL @ BE.
Now it's on brokers money

Ok guys, I'm leaving for a weekend. Have a good one

i was doing that,selling @ 23% and closing @ 0% for 5 times now...for 250 pips!!!!!!!!!!! wow

Glad to hear fellow sonikers doing gd...
am chilling with a nice cold beer wif my mates...

Cheers
sonic