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Sonic R. System

  • #12,621
  • May 25, 2010 4:52am May 25, 2010 4:52am
Quoting cardinale
Quesion for the experienced Sonicers: would/do you enter (re-entry at say ~1:00 on chart) in this situation: good wave formation but below Dragon? The type of situation that arises in strongly trending markets?

Thanks
I personally don't enter those trades, because :

1) I would like to see entry close to dragon

2) I don't like to enter a trade after big bullish or bearish moves.

Regards,
Basber
Trading methods are designed to put the odds in our favor, not predicting.
  • #12,622
  • May 25, 2010 5:09am May 25, 2010 5:09am
next stop 1.2050 area..
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  • #12,623
  • May 25, 2010 5:21am May 25, 2010 5:21am
Thank you, Basber.

Tonight's trades: EU
Entries (2 same level) because of LL/declining PA.
Exit 1 at TP1, above DS1
Exit 2 I closed manually at 1.2000 because of round # + stall in PA--a premature exit because PA will hit TP2 (set at resistance level) but I still have a difficult time psychologically letting trades run--am getting better--definitely novice issue.

EG 2 iffy trades closed at ~BE because of meandering PA; I am not a fan of PA on this pair...difficult to follow...will leave this alone and concentrate on more tractable prs.
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  • #12,624
  • May 25, 2010 6:19am May 25, 2010 6:19am
hello traders,

Can someone let me know what is RgH and RgL on new templete.
Dragon the best Indicator
  • #12,625
  • Edited 9:12am May 25, 2010 8:02am | Edited 9:12am
EP @ 61.8% ... i'll add as Sonic!

later....+80 pips!!!
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  • #12,626
  • May 25, 2010 8:11am May 25, 2010 8:11am
Quoting mg_vinodkuma
hello traders,

Can someone let me know what is RgH and RgL on new templete.
Range High, Range Low.

They were added by TAH, so it is best to let him explain how to interpret them.
cut losses short, let profits run.
  • #12,627
  • May 25, 2010 9:09am May 25, 2010 9:09am
Let the mkt decide...

Sonic
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  • #12,628
  • May 25, 2010 9:13am May 25, 2010 9:13am
Quoting sonicdeejay
Let the mkt decide...

Sonic

i'm with you in this one!
  • #12,629
  • May 25, 2010 9:24am May 25, 2010 9:24am
Quoting DanPa
EP @ 61.8% ... i'll add as Sonic!

later....+80 pips!!!
hi danpa.. i see a nice trade on ur chart GJ.. can u share how to look at the market is going bullish since on the chart, the sonic dragon dont give a strong bullish signal..
thanks for reply..
  • #12,630
  • May 25, 2010 10:29am May 25, 2010 10:29am
Quoting sonicdeejay
Let the mkt decide...

Sonic
Huge activity at lows. Specially after yesterday holliday in some countries. I have a open long position from early london session, I'll look for break of last obvious high (1.4360) to add more long. No TPs for now ...

So in conclusion, I'm with you either. I recommend to have a big TP for small portion of the trade. 1.47xx is a good area that I have in mind, If market don't decide to go down. Let's see what will happen next

Regards,
Basber
Trading methods are designed to put the odds in our favor, not predicting.
  • #12,631
  • May 25, 2010 10:34am May 25, 2010 10:34am
Quoting daydreaming
hi danpa.. i see a nice trade on ur chart GJ.. can u share how to look at the market is going bullish since on the chart, the sonic dragon dont give a strong bullish signal..
thanks for reply..
Hi DayDreaming,

I'm not DP, but if I wanted to take that position, the mentioned support level that I drew in the pic would be my main reason, and It was the reason that I took an early entry on GU long posted above.

Anyway, I don't watch this pair. I don't like to pay much to brokers

Regards,
Basber
Attached Image
Trading methods are designed to put the odds in our favor, not predicting.
  • #12,632
  • May 25, 2010 10:45am May 25, 2010 10:45am
hi guys its been awhile...had so much work couldn try my sonic skills.i will start from tmrw.
  • #12,633
  • May 25, 2010 11:24am May 25, 2010 11:24am
Quoting Basber
Originally Posted by daydreaming...
DayDreaming,
Basber is right saying it was a strong support level. DanPa also
looked for reversal signs (HH and HL). As you see I marked in
the picture the significant Higher High which pushed through the dragon.
Then DanPa entered at 62% fib retracement assuming that this will be
another Higher Low. And it was.
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cut losses short, let profits run.
  • #12,634
  • May 25, 2010 11:25am May 25, 2010 11:25am
^^^^^

Now that was a trade! Good call!
  • #12,635
  • May 25, 2010 11:33am May 25, 2010 11:33am
My two SHORT trades today:
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I'm in the LONG for:

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  • #12,636
  • Edited 2:26pm May 25, 2010 1:23pm | Edited 2:26pm
Quoting Basber
Hi DayDreaming,

I'm not DP, but if I wanted to take that position, the mentioned support level that I drew in the pic would be my main reason, and It was the reason that I took an early entry on GU long posted above.

Anyway, I don't watch this pair. I don't like to pay much to brokers

Regards,
Basber

You said that better than me! thx! that trade i closed 90% for +108 pips...(still in with small position sl +50 pips)

About paying broker...i have 3 pips on GJ ...really good i think!

GREAT system SONICR_ers!!!

(closed all for +150 pips - too bad that i had only small position on the last one)
  • #12,637
  • May 25, 2010 2:44pm May 25, 2010 2:44pm
Quoting DanPa
You said that better than me! thx! that trade i closed 90% for +108 pips...(still in with small position sl +50 pips)

About paying broker...i have 3 pips on GJ ...really good i think!

GREAT system SONICR_ers!!!

(closed all for +150 pips - too bad that i had only small position on the last one)
market will always be there ... when I started to be a better trader instead of going after the money, my trading life had changed ...

Another thing that I think I should say. I you think a method work, enter on a same risk on every trade. Because if you change your volume to reduce your risk, you're reducing your profits too. And the result may not be that good, because some setup, even the best ones, may turn out to a losing position. So you should be prepared for them when you're making profits.

For example, if you wish to rist 1% of you're account on every single sonicR setup, don't change it. stick to it.

Just my 2 cents

Regards,
Basber
Trading methods are designed to put the odds in our favor, not predicting.
  • #12,638
  • May 25, 2010 3:58pm May 25, 2010 3:58pm
good night!
I wonder what the link where I can download the file SonicR.
thanks for the help.
  • #12,639
  • May 25, 2010 4:19pm May 25, 2010 4:19pm
Quoting Basber
market will always be there ... when I started to be a better trader instead of going after the money, my trading life had changed ...

Another thing that I think I should say. I you think a method work, enter on a same risk on every trade. Because if you change your volume to reduce your risk, you're reducing your profits too. And the result may not be that good, because some setup, even the best ones, may turn out to a losing position. So you should be prepared for them when you're making profits.

For example, if you...

Think this will help others to self organize or... selfdestruct ...who knows...

I found this very usefull tool!

DanPa
Attached File(s)
File Type: xls FXCalculator.xls   49 KB | 675 downloads
  • #12,640
  • May 25, 2010 4:44pm May 25, 2010 4:44pm
Quoting traderathome
[font=Times New Roman][size=3]Presented herewith is a template for trading SonicR, including supporting indicators. In three respects, this is different from existing templates: session range H/L lines can be shown on the chart, so can vertical time lines marking the SonicR approved trading hours, and consistent price levels are used instead of pivots. A summary of the 7 supporting indicators follows. I recommend that you read the very important user notes I have included in the compile of each, to better understand the features provided not mentioned...
TraderAt Home,

Could you tell me where the user notes you refer to in the above quote can be found? I'm not sure what you mean by "in the compile"....for example, I've looked in the properties of the Level x8 indicator, and didn't see any user notes....where should I be looking?

Thanks!
Dennis
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