Sonic R. System | Page 635 | 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

  • #12,681
  • May 27, 2010 6:36pm May 27, 2010 6:36pm
Quoting dkern
Hello, TAH--

First, thank you for answering my previous question regarding the location of your user notes.

Your variation of the SonicR system looks sparse: you've dropped the zig-zag, QQE and CCI indicators from the original. Could you (a) explain why you did so, and (b) state how your trading rules differ from those in the original SonicR manual (particularly in regard to entry and exit).

If these questions have already been addressed, my apologies and please point me in their direction.

Regards,
Dennis
The objective of that newly posted template was to have a data panel making it easier to see the symbol/TF in posts, include range H/L lines, include vertical lines for market open times, include the Levels x8 chart background for those that don't want to be tied to pivots, and include a better FFCal for those that use it.

Other stuff like the QQE, CCI etc. can be added from existing files posted on the thread if you want them. But the actual PA is the data source for them, so they are sort of redundant.

The template may be new, but without any intent to change the SonicR entry/exit rules.
  • #12,682
  • May 27, 2010 6:38pm May 27, 2010 6:38pm
Quoting SharnHoiste
TAH, how do you draw the Fibonacci extension line by MT4?

I draw the line as yours, but mine 161, 261 are above the 100 line.

why yours are under 0 line? Are you using the standard fibonacci extension?

Thanks!
I'd have to see a chart to understand what your are referring to.
  • #12,683
  • May 27, 2010 7:41pm May 27, 2010 7:41pm
Quoting traderathome
I'd have to see a chart to understand what your are referring to.
Attached Image (click to enlarge)
Click to Enlarge Name: #%20421.gif Size: 31 KB



this one
  • #12,684
  • Edited 10:11pm May 27, 2010 9:30pm | Edited 10:11pm
Quoting SharnHoiste
Attachment


this one
Ok, so what is the problem? What does your chart look like? From your first post I gather your expansion levels go out from the other side. I have reversed this using negative numbers. Actually, first I just added the negative numbers so the levels went out from both top and bottom, but this cluttered the charts. So I deleted the positive levels. You can change these however you want to.
  • #12,685
  • Edited May 28, 2010 1:25am May 27, 2010 9:41pm | Edited May 28, 2010 1:25am
EU Short Trade:

Last session I sold short at 1.2295 and though price did drop for a while into the US part of the day, it then reversed strongly upwards. I left the trade running, and sold short again at 1.2368, for an average of about 1.2331. This is shown on attached M30 chart. The additional short sale, like the original entry, was made based on an FR study pullback. This one was after the first of two retraces up to FR 79%. Today I have only one TP and it is tentative. I want this to be profitable, but I am not sure I want to hold the position over the weekend. So I will likely take what the market gives this last session of the week and close shop.

Edit: Closed all per second attached chart. Need to regroup and see which way this goes.
Attached Image(s) (click to enlarge)
Click to Enlarge Name: # 424.gif Size: 34 KB
Click to Enlarge Name: # 425.gif Size: 39 KB
  • #12,686
  • May 27, 2010 11:57pm May 27, 2010 11:57pm
May I know why you sold at 1.2295 and not wait for price to cross the lower dragon MA line? Did you remove your SL when price shot back up?

I shorted at 1.2241 setting my order a few pips after the last candle crossed the lower dragon MA but was caught out when the price shot up. My SL was placed at 1.2313.
  • #12,687
  • Edited 2:22am May 28, 2010 12:58am | Edited 2:22am
Quoting limws1
May I know why you sold at 1.2295 and not wait for price to cross the lower dragon MA line? Did you remove your SL when price shot back up?

I shorted at 1.2241 setting my order a few pips after the last candle crossed the lower dragon MA but was caught out when the price shot up. My SL was placed at 1.2313.
As I stated in the above post, entry was based upon a FR study, where price drops below Dragon, but then retraces for a while back up. This presents an opportunity for entry short at a higher price before the price drops back down out of Dragon to the SonicR EP area. But the environment must be with lower H/Ls.

Edit: New EU Short Trade.....also an example of what is discussed above. Price has been trending down, an environment of lower HLs. PA dropped out of Dragon, pulled up, then offered a brief short trade for almost 40 pips. But then it was driven up (pullback) to about the FR 79% retrace level. When price dropped from there, entry was made just above the FR 50% retace level at 1.2341, which looks about 40 pips above the currently anticipated new SonicR EP.
Attached Image (click to enlarge)
Click to Enlarge Name: # 426.gif Size: 36 KB
  • #12,688
  • Edited 3:46am May 28, 2010 3:19am | Edited 3:46am
My longs


EU 1.2343 floating +83
SL. 1.2318 - moved to plus 20

GU 1.4583
SL 1.4551 STOPPED OUT.

EJ 112.76 floating +65
SL 112.19 moved to plus 20
  • #12,689
  • May 28, 2010 4:10am May 28, 2010 4:10am
Hi people,

I'd like to give another perspective on E/U.

As we all know, there are big swings (bigger scale) and small swings (smaller
scale). If we take a look at what Price does when big swing retraces and
reaches resistance, we can decide on the direction and quickly adapt our bias
for the trade. Trading hours as usual: starting to look for waves after London
Open.
Attached Image(s) (click to enlarge)
Click to Enlarge Name: waves2.jpg Size: 189 KB
Click to Enlarge Name: waves1.jpg Size: 169 KB
cut losses short, let profits run.
  • #12,690
  • Edited 12:39pm May 28, 2010 11:42am | Edited 12:39pm
EU Short Trade.....:

Seems for a week I have been on the wrong side of this! I have pulled the SL off, as well as all TPs, and am letting it run.....hopefully down. This decision is based on what I see in the PA, namely that the drives up are losing steam. This week all three major segments of the market have had their turn at pumping the price off the lows. First the NY, then the Asian & NY again and finally the Asian again & European. Enough is enough!
Attached Image(s) (click to enlarge)
Click to Enlarge Name: # 427.gif Size: 21 KB
Click to Enlarge Name: # 429.gif Size: 36 KB
  • #12,691
  • May 28, 2010 2:30pm May 28, 2010 2:30pm
Hello everyone,

Catching up with you guys is not gonna happen before another week or so... currently on page 300... uffff considering I just started on Monday I'd say I've covered quite a bit.

Ok, for a brief summary of the trades I entered on demo, I've had a few good runs but also some losers in the past two days. I am still kinda confused as to the wave count. I mean I am aware that we incorporate wave count with PA/S&R and higher TF analysis, however I find the wave count to be subjective. Isn't there some sort of minimum candle count requirement within the let's say ZigZag or ZZ-fractal A indicators to actually be considered as valid or invalid? I am sorry if this has already been answered and for the setback, I know you guys have covered so much already, I am doing my best to catch up ...
As I progress in the thread I would like to ask questions, I hope you don't mind.
Thank you for sharing this great method Sonic and TAH and countless others who contribute in showing their setups, trades and guidance.

Chantal
  • #12,692
  • May 30, 2010 3:19pm May 30, 2010 3:19pm
It is all getting much clearer now that I am moving forward in the thread. Hope this week my new acquired knowledge will prove whether I am really making progress...
  • #12,693
  • May 30, 2010 4:48pm May 30, 2010 4:48pm
Quoting Chantalb
Catching up with you guys is not gonna happen before another week or so... currently on page 300... uffff considering I just started on Monday I'd say I've covered quite a bit.
If I were you, rather than read every last post in this thread, I'd concentrate on those posts written by Sonic, Basber, Domas, and Muhammad. They present SonicR in its pure, unadulterated form. Afterwards, you should go back and read TAH's posts. His SonicR posts are very good, but he has to much extra and excess non-SonicR stuff for the neoSoniker. After you finish with all that, then you it may be safe to read the entire thread.

Good Luck
  • #12,694
  • May 30, 2010 4:53pm May 30, 2010 4:53pm
Quoting ddaytrader
If I were you, rather than read every last post in this thread, I'd concentrate on those posts written by Sonic, Basber, Domas, and Muhammad....

I just saw that Muhammad only has two vouches, one from Sonic, and one from me. Basber and Domas - now that you are able to vouch, please consider Muhammad. I think he has been a most valuable contributor to the thread, don't you?
  • #12,695
  • May 30, 2010 5:41pm May 30, 2010 5:41pm
Quoting ddaytrader
If I were you, rather than read every last post in this thread, I'd concentrate on those posts written by Sonic, Basber, Domas, and Muhammad. They present SonicR in its pure, unadulterated form. Afterwards, you should go back and read TAH's posts. His SonicR posts are very good, but he has to much extra and excess non-SonicR stuff for the neoSoniker. After you finish with all that, then you it may be safe to read the entire thread.

Good Luck

Thank you for the proposed summary, I will take your advice and do exactly that. This is the first time that I find wave analysis interesting and clear. I used to flee it like the plague…
  • #12,696
  • May 31, 2010 4:45am May 31, 2010 4:45am
Quoting ddaytrader
I just saw that Muhammad only has two vouches, one from Sonic, and one from me. Basber and Domas - now that you are able to vouch, please consider Muhammad. I think he has been a most valuable contributor to the thread, don't you?
Done
cut losses short, let profits run.
  • #12,697
  • May 31, 2010 12:02pm May 31, 2010 12:02pm
Quoting Chantalb
Hello everyone,

Catching up with you guys is not gonna happen before another week or so... currently on page 300... uffff considering I just started on Monday I'd say I've covered quite a bit.

[color=black][font=Verdana]Ok, for a brief summary of the trades I entered on demo, I've had a few good runs but also some losers in the past two days. I am still kinda confused as to the wave count. I mean I am aware that we incorporate...
Welcome

Thank god you're still human and you made some losses too ! LOL

Share more so traders with more experience with this method could help you grow faster ...


Quoting ddaytrader
If I were you, rather than read every last post in this thread, I'd concentrate on those posts written by Sonic, Basber, Domas, and Muhammad.

Good Luck

After a while, you'll realize to read which member's posts. Don't forget DD's posts. They are very valuable, and honsetly, this thread are more than a method. You can learn many things from traders who posted here.

Regards,
Basber
Trading methods are designed to put the odds in our favor, not predicting.
  • #12,698
  • Jun 1, 2010 6:03am Jun 1, 2010 6:03am
Quoting Basber
Welcome

Thank god you're still human and you made some losses too ! LOL

Share more so traders with more experience with this method could help you grow faster ...





After a while, you'll realize to read which member's posts. Don't forget DD's posts. They are very valuable, and honsetly, this thread are more than a method. You can learn many things from traders who posted here.

Regards,
Basber

Thanks Basber
Ok in the next post is my potential entry for today
  • #12,699
  • Edited 6:20am Jun 1, 2010 6:05am | Edited 6:20am
Did anyone get filled into their orders?

I closed out all my shorts... for around 550 points

I couldnt believe it... had them set... went to work got into the office... saw that and nearly fainted! lol
  • #12,700
  • Jun 1, 2010 6:19am Jun 1, 2010 6:19am
EP = 1.4435
TP1 = 1.4410
TP2 = 1.4373
SL= 1.4500

Entry below daily S1 and weekly pivot
Comments please
Attached Image (click to enlarge)
Click to Enlarge Name: gu-06-01-10.gif Size: 27 KB
29 traders viewing now