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Sonic R. System

  • #13,301
  • Jul 10, 2010 7:59am Jul 10, 2010 7:59am
Very Busy and demanding Job+ New lil hobby...

http://i32.tinypic.com/1z6e7w9.jpg

Sonic
  • #13,302
  • Jul 10, 2010 8:52am Jul 10, 2010 8:52am
Quoting sonicdeejay
Very Busy and demanding Job+ New lil hobby...

Sonic
Regarding the picture....you're going to be a fisherman
Follow my trading on Twitter and FB: @pumlitch
  • #13,303
  • Jul 10, 2010 11:30am Jul 10, 2010 11:30am
I have a question for those who have regularly traded from the U.S. open.

To catch any break out bars, if there are any in that session, is it better to get up 1 or even 2 hours before the U.S. session starts? What is your experience?
  • #13,304
  • Jul 10, 2010 2:14pm Jul 10, 2010 2:14pm
Quoting KumoDragon
I have a question for those who have regularly traded from the U.S. open.

To catch any break out bars, if there are any in that session, is it better to get up 1 or even 2 hours before the U.S. session starts? What is your experience?
I think 1 hour is enough to prepare a nice breakfast
I am at work during UK and US sessions so I have no choice (God bless the extended desktop option on PC). Usualy I come home when US is finishing.
It is totaly up to you I think. No one said that trends always start exactly when sessions start.
Follow my trading on Twitter and FB: @pumlitch
  • #13,305
  • Jul 10, 2010 5:04pm Jul 10, 2010 5:04pm
Quoting KumoDragon
I have a question for those who have regularly traded from the U.S. open.

To catch any break out bars, if there are any in that session, is it better to get up 1 or even 2 hours before the U.S. session starts? What is your experience?
I manage to get in more depended on NVO, not hours. but I monitor the charts 1 hour before london session till 2 hours after NY session.

Regards,
Basber
Trading methods are designed to put the odds in our favor, not predicting.
  • #13,306
  • Edited 6:10pm Jul 11, 2010 12:08am | Edited 6:10pm
EU Watch:

These words are taken from Sonicdeejay's Secret of Sonic R Entry.

"in words, Sonic R is basically trading in Hammer and Bullish engulfing bars D1 TF/ H4 TF by looking for an entry M15 TF."

The H4 attached shows the Hammer on Friday. And the M15 attached shows the SonicR short trade EP Zone. The purpose of this post is to suggest that the short trade may have only begun.

So far, less than 70 pips to the downside from the EP Zone has been accomplished. But as the H4 chart shows, now there has been almost a 38% pullback. And the price close on Friday was down less than 40 pips from the EP Zone. We would expect much more, wouldn't we?

So the questions are (1) will the first session of the week be good trading?, and (2) will EU present us with another SonicR short setup, or will we have to pick a re-entry point?
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  • #13,307
  • Jul 11, 2010 6:44am Jul 11, 2010 6:44am
THAT'S SOO COOL!
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cut losses short, let profits run.
  • #13,308
  • Jul 11, 2010 10:20am Jul 11, 2010 10:20am
Hello, all. My name is Bill Seaman, and my weekend has been totally ruined after taking a peek Friday morning at this thread after being eaten alive by the London session. I've followed several different forums/threads over the last 3 years, and I must say, this is the nicest bunch of traders I have read. I'm obviously in the middle of reading/educating myself, but the basics of this system are very easy to understand. I really enjoy the "after-market commentaries". They make me laugh, just like the pros on tv. You'll not hear from me again until I have followed the rules and read the entire thread. I will begin trading this system tomorrow during the London opening with the smallest of lots, as I have found demo accounts never address the phsycological learning curve: "no pain, no gain", and paper-trades simply turn us all into liars! Amazingly enough, I can pinpoint my development as being somewhere in the middle of stage 3 of the "Five Steps". Anyone who has not read the "Five Steps" needs to. Wish me a bit of luck and lots of wisdom, and I will post only when I need help or have something to contribute in a positive manner.
  • #13,309
  • Jul 11, 2010 10:49am Jul 11, 2010 10:49am
Quoting traderathome
EU Watch:
The purpose of this post is to suggest that the short trade may have only begun.
TAH , I will follow your short bearish scenario (we have 50% chance to be right... lol)
H4 : price have finished on Friday with the Shooting Star candle an AB=CD pattern .
AB = 590 pips , CD = 571 pips
BC = 53% retracement of AB
So , on the H4 TF we are on an up channel beginning a possible correction towards the lower channel , so we can say it's a CT .
Possible targets :
* 50% correction of CD , around 1.2450
(looking for symmetry as on BC)
* Lower channel , around point E 1.2350
Lets see what the market decides...
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  • #13,310
  • Jul 11, 2010 1:49pm Jul 11, 2010 1:49pm
Quoting wildwily
Hello, all. My name is Bill Seaman, and my weekend has been totally ruined after taking a peek Friday morning at this thread after being eaten alive by the London session. I've followed several different forums/threads over the last 3 years, and I must say, this is the nicest bunch of traders I have read. I'm obviously in the middle of reading/educating myself, but the basics of this system are very easy to understand. I really enjoy the "after-market commentaries". They make me laugh, just like the pros on tv. You'll not hear from me again until...
Welcome to the thread, Wildwily. We all look forward to your progress with the SonicR method, along with the rest of us!
  • #13,311
  • Jul 12, 2010 12:05am Jul 12, 2010 12:05am
Hello all, here is my expectation for today with EU, I missed theentry so I will try to enter in a retrace with proper SonicR entry.
As you can see in H1 and in H4 we have a three driver pattern, in this case a bearish harmonic pattern, so we can expect price to retrace to Wolfe Wave (1 to 4) line, wish you some pips
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  • #13,312
  • Jul 12, 2010 1:56am Jul 12, 2010 1:56am
UJ:

Interesting business going into approved hours trading. Price up several days now turned over and down thru Dragon to Trend Line as well as SR area (dashed line). Rising trading on this drop!

I'd look for a pullback upwards before more down, hence the FR study to gauge the retrace. Since price has fallen off a whole number (also SR), one could consider a Early Entry Off Support for a SonicR short trade, instead of waiting for EP.

For an early entry, let price pull up first. If it goes higher than FR 50%, let it come back down and catch it there. If if doesn't, and you are not sure where to early enter, you have whatever pullup range there is to decide....all the way back down to EP, which you can always do anyway.

The above is just thoughts, not advice nor recommendations to trade.
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  • #13,313
  • Jul 12, 2010 2:14am Jul 12, 2010 2:14am
EU Watch:

After some days of up, Friday this rollled over. PA has been below Dragon and Trend Line most of this session, so for a new trade we may be looking at a re-entry situation to catch any more downside. The FR study might help to gauge the LO pullback upwards for re-entry.

But keep in mind that the US Open can also result in more upside PA. In which case, a new setup for a short trade may occur late in this session, at an even higher EP than any LO pullup.

The key here may be the SR line (dashed line). If LO trading does a pullup past this area, then the early US session might drive price higher too. Then we could expect a new SonicR short setup before entering a trade short on this. But if LO trading does not turn the SR into support, then maybe a re-entry trade during the LO retrace upwards would be better.

This is a hard one to decide on. But even from the current lows, this could drop another 70 pips or so. Therefore, worst case, one could simply enter on any next strong move down towards/thru the current lows.
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  • #13,314
  • Edited 4:13am Jul 12, 2010 3:18am | Edited 4:13am
UJ:

My mistake. Actually, within the first 30 minutes of approved trading hours, an EP Zone was created. The pullback now has PA back above that area, as this close-up view M15 chart shows.

Edit: As second chart shows, any entry between the FR 50% and FR 38% levels will probably hold the short trader in good stead.
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  • #13,315
  • Edited 4:49am Jul 12, 2010 4:23am | Edited 4:49am
EU Watch:

While expecting the LO traders might do a retrace (up) on this, instead they dropped the price a little bit. And now increased trading at the lows is becoming evident. This might to a sprint up today (the retrace)....the more they trade this at the lows, the better it looks for a good retrace.

There is no "new trade" short setup on this. After a healthy retrace drive up today, we may get one. Heck, we might even get a SonicR long setup for the retrace, if they drag out this trading at the lows first.
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  • #13,316
  • Jul 12, 2010 4:40am Jul 12, 2010 4:40am
Hi traderathome what is your pivot indicator ? because i have again the sonicv3 template and the pivotdaily indicator but my resistance and pivot are difference of your values.attend your reply thank you very much .
  • #13,317
  • Edited 5:11am Jul 12, 2010 4:56am | Edited 5:11am
Quoting NIKpips
Hi traderathome what is your pivot indicator ? because i have again the sonicv3 template and the pivotdaily indicator but my resistance and pivot are difference of your values.attend your reply thank you very much .
Use this: http://www.forexfactory.com/showpost...ostcount=17863

I am updating TzPivotsD and at the same time working on a trimmed down easier to use version for SonicR (which is what you see in my posts). But use TzPivotsD_v3.5 for now. Make the two TZ settings what ever they have to be to yield pivots shifted from your broker server pivots to GMT based pivots. Those are the ones I am using. Also use Daily pivots (set to "true"), not Fibonacci pivots. Be sure to turn the Data Panel off, too, if you are using our panel.

Personally, I only use pivots as a reference and for possible confirmation. Broker server pivots differ from GMT based pivots (unless your broker's server is GMT based). And Daily pivots differ from Fibonacci pivots (except for the central pivot, which is the same for both). So, there is a lot to pick from here. And you can never know for sure, day to day, what to pick! Hence, historic PA (S&R and areas of consolidation) remains the fundamental/highest priority source of determining where price may run to, or stall or reverse at.

Hope this helps.
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  • #13,318
  • Jul 12, 2010 5:16am Jul 12, 2010 5:16am
thank you very much for your help. now for exemple my pivot daily is 2646 r1 is 2687 and s1 2570 probably right ?
  • #13,319
  • Jul 12, 2010 5:16am Jul 12, 2010 5:16am
UJ:

If anyone took this trade, you might consider the area of the half number to the FR 62% expansion level as a target. Just a thought.
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  • #13,320
  • Edited 6:02am Jul 12, 2010 5:44am | Edited 6:02am
EU Watch, Long Trade Initated:

M30 chart shows PA was worked down to SR area of half number, and has bounced.

M15 shows S&R Early Entry, SL and TP1. The SR area allows tight SL. So wherever PA goes up to from here, it looks like a good risk to reward trade.
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