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Sonic R. System

  • #13,381
  • Jul 13, 2010 8:00am Jul 13, 2010 8:00am
well Thank for the reply, I'm testing this method as i write, hopefully some successful trader of this system will post their history statement.
Happy Trading
  • #13,382
  • Jul 13, 2010 8:38am Jul 13, 2010 8:38am
Ijust made +80 pips going long with a Sonic setup. Very pleased.
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  • #13,383
  • Jul 13, 2010 8:43am Jul 13, 2010 8:43am
Quoting tradernoob
for me there are only two questions:
1. What do you want to learn from a statement?
2. Is there anything in it, what will improve your trading?

1. a make profit statement with detail of every trade can boost the confident of trading with this system. (very important)
2. with the detail of every trade allow me to trace back the trade with history chart this will allow me to proper filter out bad entry in the future and spot the successful patent of every wining trade.
  • #13,384
  • Jul 13, 2010 9:09am Jul 13, 2010 9:09am
I don’t know what has been going on with me for the past two days but it seems I am losing touch with the rules and have had really bad runs. Ok I will go back to the 5 step manual and read it and reread it until I can recite it to myself… Maybe I should just take the rest of the week off and go through the whole thread again… Every time I took a trade I was stopped out and the GU from yesterday that could have made more than 140pips I closed at a loss this morning before it hit my SL or got into profit… I don’t feel too good about myself today. But I will cool it off and then come back… Any and all advice is much needed and very welcome.
See you all soon,
Best regards,
Chantal
  • #13,385
  • Jul 13, 2010 9:13am Jul 13, 2010 9:13am
EU Watch:

This move by the US profs after the euro traders left, has increased the range today more than 50% over the average daily range!

Unbelievable!

I have a non-SonicR short entry sitting at 1.2742.....
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  • #13,386
  • Jul 13, 2010 9:24am Jul 13, 2010 9:24am
Quoting Chantalb
[font=Calibri][size=3]I don’t know what has been going on with me for the past two days but it seems I am losing touch with the rules and have had really bad runs. Ok I will go back to the 5 step manual and read it and reread it until I can recite it to myself… Maybe I should just take the rest of the week off and go through the whole thread again… Every time I took a trade I was stopped out and the GU from yesterday that could have made more than 140pips I closed at a loss this morning before it hit my SL or got into profit… I don’t feel too good...
At what time are you trading? I tried a couple outside the rules in off time and there wasn't enough momentum. So far the trades in the recommended U.S. time seem to break out relatively quickly.
  • #13,387
  • Jul 13, 2010 9:25am Jul 13, 2010 9:25am
Quoting lawgirl21
Ijust made +80 pips going long with a Sonic setup. Very pleased.
I missed that one But, it was a great example to learn from.
  • #13,388
  • Jul 13, 2010 9:47am Jul 13, 2010 9:47am
Quoting Chantalb
[font=Calibri][size=3]I don’t know what has been going on with me for the past two days but it seems I am losing touch with the rules and have had really bad runs. Ok I will go back to the 5 step manual and read it and reread it until I can recite it to myself… Maybe I should just take the rest of the week off and go through the whole thread again… Every time I took a trade I was stopped out and the GU from yesterday that could have made more than 140pips I closed at a loss this morning before it hit my SL or got into profit…...
Chantalb, far be it for me to tell anyone how to trade because I slip away from the rules myself.....and it always costs me.

But, I offer this suggestion. Since Sonicdeejay started this thread and focused on EU, try that yourself. Since EU is the most highly traded pair, during approved trading hours it is most difficult for the professional traders to suddenly manipulate price in the "other" direction. I'm not saying that they can't during those prime trading hours, just that it is more difficult for them. And so, during approved trading hours, EU is the pair most likely to "obey" our technicals (PA waves, Dragon, S&R) or give us the best notice of not doing so.

And, if you stick to just one pair for awhle, it will make your trading a lot less hectic. It will give you more time to coach yourself into focusing on just the SonicR fundamentals. By putting everything else aside you will be able to teach yourself to respond more rapidly to PA reversals.
  • #13,389
  • Jul 13, 2010 2:26pm Jul 13, 2010 2:26pm
Quoting vincecyc
1. a make profit statement with detail of every trade can boost the confident of trading with this system. (very important)
2. with the detail of every trade allow me to trace back the trade with history chart this will allow me to proper filter out bad entry in the future and spot the successful patent of every wining trade.
#1. The ONLY thing that will instill DESERVED confidence in a person, about trading the SonicR method, is to EXPERIENCE trading it SUCCESSFULLY.

#2. The fastest way to get on board with the SonicR method is to read and absorb the marterials provided via this thread, memorize the few simple but very important fundamentals, and trade it accordingly!
  • #13,390
  • Jul 13, 2010 2:36pm Jul 13, 2010 2:36pm
EU Watch:

Wow! What a day Tuesday was! EU was driven hard up 50%+ more than its normal daily range, culminating at solid resistance that rejected the price twice.....a Double Top. Wednesday will certainly be an interesting day.

Tuesday gave PA some wild rides across the pairs, so congratulations to all who profited Tuesday with SonicR, regardless of what pair you traded!
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  • #13,391
  • Jul 13, 2010 3:09pm Jul 13, 2010 3:09pm
Quoting traderathome
EU Watch:

Wow! What a day Tuesday was! EU was driven hard up 50%+ more than its normal daily range, culminating at solid resistance that rejected the price twice.....a Double Top. Wednesday will certainly be an interesting day.

Tuesday gave PA some wild rides across the pairs, so congratulations to all who profited Tuesday with SonicR, regardless of what pair you traded!
I have a question about those big moves like that. What within the sonic method can I use to give me an inkling that holding on would be a good idea?

I was in EJ but got stopped out at +20. Then it went up to about 80-90- then went all the way back to where I entered and continued up again, past 80-90. So I got the entry right, just didn't hold on long enough.
  • #13,392
  • Jul 13, 2010 7:10pm Jul 13, 2010 7:10pm
Quoting KumoDragon
I have a question about those big moves like that. What within the sonic method can I use to give me an inkling that holding on would be a good idea?

I was in EJ but got stopped out at +20. Then it went up to about 80-90- then went all the way back to where I entered and continued up again, past 80-90. So I got the entry right, just didn't hold on long enough.
KumoDragon, if you ever figure out the answer to your question, PATENT IT! You'll make many fortunes selling it, because every trader in the world will want it!

In a less volatile market than was yesterday, my thinking is an average SonicR move is 50 pips, some 30ish, some 70+ish. But just as soon as you start thinking to make a habit of trading for that range of movement in order to protect profits, along comes a day like yesterday! And your question becomes revisited.

I don't have an answer that would stand up to any quantitative analysis. One thing to watch for is if the PA keeps its angle steep and does not violate the opposite side of the Dragon.....stay in until PA starts exhibiting penetration of the Dragon, or angle goes shallow. But it is not a guarantee. There is no method/system, etc. than can predict what is going to be done to the price by those with the margin/leverage/monies to do it, nor when.

It is a great question. I just wish I had a better answer to it.

I think Sonicdeejay, somewhere early in the thread, mentioned staying in the trade until PA broke thru the opposite side of the Dragon, and then pick best exit (because, I suppose, there will usually be another cycle taking the price back in your direction before any collapse). But then he also strongly encourages good money management. And on some quick good runs, the pullback can be substantial by the time the angle slacks off, or the Dragon is penetrated.....leaving one wondering why exit wasn't made when there was better money to be made.

All in all, I can't rid myself of the feeling that if each trade was managed to take a modest bite (30-70 pips) and leave even if things still look ok, overall, more money would be made....and with a LOT less stress.

Any ideas you have/come up with on this subject, please share. it is likely to be a topic of great interest....for a long time.
  • #13,393
  • Jul 13, 2010 7:28pm Jul 13, 2010 7:28pm
EU Watch:

Some HLs in place and a tentative EP area. But in remaining time to start of trading, things can reshape. It is just that with such a climb yesterday, one can't help wonder about a retrace move.
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  • #13,394
  • Jul 13, 2010 7:40pm Jul 13, 2010 7:40pm
Quoting traderathome
KumoDragon, if you ever figure out the answer to your question, PATENT IT! You'll make many fortunes selling it, because every trader in the world will want it!

In a less volatile market than was yesterday, my thinking is an average SonicR move is 50 pips, some 30ish, some 70+ish. But just as soon as you start thinking to make a habit of trading for that range of movement in order to protect profits, along comes a day like yesterday! And your question becomes revisited.

I don't have an answer that would stand up to any quantitative analysis....
Thanks. Ya, just trailing the stop beneath the dragon tunnel is the only thing I could think of.

Like you mentioned though, doing that could also end you up in a loss when a trade initially went into profit.

I'd thought about using the CCI as a an early exit with profit, but looking at past set up I see there were plenty with opposite colored CCI's that still moved in the direction of the trade.

I guess the best move over time is just to put a postive SL in spot that looks reasonable and hope it doesn't retrace past it before any potential larger moves.
  • #13,395
  • Jul 13, 2010 8:07pm Jul 13, 2010 8:07pm
Quoting KumoDragon
Thanks. Ya, just trailing the stop beneath the dragon tunnel is the only thing I could think of.

Like you mentioned though, doing that could also end you up in a loss when a trade initially went into profit.

I'd thought about using the CCI as a an early exit with profit, but looking at past set up I see there were plenty with opposite colored CCI's that still moved in the direction of the trade.

I guess the best move over time is just to put a postive SL in spot that looks reasonable and hope it doesn't retrace past it before any potential...
That is a good observation on your part, KumoDragon, that the CCI just followed the trade, etc.

All technicals, except volume (trade counts on your broker's server, not marketwide) are derivatives of price history. And we know from recent experience with the Thieves of Wall Street, how cruddy derivatives are!

This is, I believe, why ddaytrader has "suggested" time and again to just use PA to study the waves about the Dragon, and PA history to establish S&R levels for targets, with simple Daily pivots for correlation, but secondary to PA history. He doesn't even use the 89 ema Trend Line. And no CCI, QQE, volume, nada.

SonicR is about examining how PA behaves near S&R (the waves), and take out clues from that alone. This bothers many, who have married themselves to their favorite "technicals", and they just have a hard time reconcilling that they are getting "second hand" clues, as it were.

But shedding them all and forcing oneself to study and rely on PA is the surest way to develop that most important skill to the SonicR method.
  • #13,396
  • Jul 13, 2010 9:12pm Jul 13, 2010 9:12pm
Hello Sonikers,
EU : after the huge move up, I drawed a H&S on the 4h with its theorical target. Right now, I am simply waiting approved hours to see where EU will go.
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  • #13,397
  • Jul 13, 2010 9:58pm Jul 13, 2010 9:58pm
EU short order, I set TP at fibo 38 and 61 of yesterday big move. These level were past resistance near round number (1.2650 & 1.2600)
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  • #13,398
  • Jul 14, 2010 2:02am Jul 14, 2010 2:02am
EU short update, price have bounced on 1.2690, a previous low and broke the dragon to the upside,. I prepare to exit and reverse the position, if it get to 1.2644.

Edit, seems EU did not like the news (1.270x ATM).
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  • #13,399
  • Jul 14, 2010 2:50am Jul 14, 2010 2:50am
EJ Short Trade Initiated:

Per pic. Close TP. Will see how it moves. May let it run further if appropriate.
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  • #13,400
  • Edited 6:29am Jul 14, 2010 3:01am | Edited 6:29am
Trades initiated:
Edit:eur/jpy stoped at be+ (i used trailing stop to small)
gbp/usd closed with 22 pips (same reason as above)
usd/jpy reached target and closed with 35 pips
owerall not bad day
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sonicdeejay