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Sonic R. System

  • #13,861
  • Jul 28, 2010 3:58am Jul 28, 2010 3:58am
GU Short Trade Update:

Yes, I should have waited. Fortunately this is working out. There is now a proper HL sequence to validate a SonicR trade.
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  • #13,862
  • Jul 28, 2010 4:03am Jul 28, 2010 4:03am
USDCHF Short Trade Initated:

Third high is only one pip lower than second, but there are multiples in the sequence.
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  • #13,863
  • Jul 28, 2010 4:15am Jul 28, 2010 4:15am
Quoting traderathome
Had to get out my magnifying glass to confirm the scale on the right pointed to this being a trade of EU. Don't like it. Why not just post the chart off MT4....faster and easier to read on the thread.

In cable already got 28 pips and i feel like should not post this trade, but...
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  • #13,864
  • Jul 28, 2010 6:33am Jul 28, 2010 6:33am
Hi bro traderathome,
I got a question. For example if I had open Sell EJ, and then it move up over the tunnel and making it look like a Long setup. What should I do?
Do I reverse my position or stay in with the 80pips stop loss as the trade decider?

Thank's
  • #13,865
  • Edited 7:38am Jul 28, 2010 7:21am | Edited 7:38am
Hello all! I can't mange to add none of the custom indy. I added the .tpl files in /templates and the indicators in /expert/indicators and when I right click on the chart to load the template it appers like in the first image.

I tryed to put all the indicators manually and no result. I have to mention that I closed metatrader and open it and still nothing.

I tryed with SonicRV3.zip and SonicRV2.zip

Can someone tell me what I am doing wrong?!
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  • #13,866
  • Jul 28, 2010 8:05am Jul 28, 2010 8:05am
Been Busy with my project (full time proj) for long...
My today trade..

Sonic

(see...how imp of S & R..i hit my tp my drop)...
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  • #13,867
  • Jul 28, 2010 8:10am Jul 28, 2010 8:10am
Quoting sonicdeejay
Been Busy with my project (full time proj) for long...
My today trade..

Sonic

(see...how imp of S & R..i hit my tp my drop)...
Hi bro,
I got a question. For example if I had open Sell EJ, and then it move up over the tunnel and making it look like a Long setup. What should I do?
Do I reverse my position or stay in with the 80pips stop loss as the trade decider?

Thank's
  • #13,868
  • Jul 28, 2010 8:14am Jul 28, 2010 8:14am
short EU

Nice wave pattern for Sonic entry on M15, but I missed it, so I got in late with a 123 reversal pattern on the M5 chart, with very close stop loss (10 pips). I know, crazy, but it allowed me to trade a larger size, and it held so far. It's been a real nail-biter, and the question is if it will break down through this two-day range. If it does, it could be quite the run down I would think. Still not at break even.

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"Be the change that you wish to see in the world." --Gandhi
  • #13,869
  • Jul 28, 2010 8:17am Jul 28, 2010 8:17am
Quoting asen
Hi bro,
I got a question. For example if I had open Sell EJ, and then it move up over the tunnel and making it look like a Long setup. What should I do?
Do I reverse my position or stay in with the 80pips stop loss as the trade decider?

Thank's
You got 2 choice...

1. Flip your trade to follow your new found set-up
2. Or leave it as it is (I prefer that way..more)

If I hit my trade SL or TP. I am done for the day..


Sonic
  • #13,870
  • Jul 28, 2010 8:22am Jul 28, 2010 8:22am
short EU trade

out at breakeven.

Geeze, that was a lot of work for nothing!
"Be the change that you wish to see in the world." --Gandhi
  • #13,871
  • Jul 28, 2010 8:31am Jul 28, 2010 8:31am
Quoting Basber
You're quite welcome Wally

Everyone is at the beginning half of their trading life. Setting StopLoss is Solid for many systems, But managing good levels for taking profit, is a very hard task, because their is no solid rule. A setup could move only 30 pips in positive way, and the same exact setup could move 200 pips. No one can predict where price will return for sure, But I believe S&R and volume are best indicators to catch to most of the move. And of course beside tightening SL or changing it to Stop Proft makes your risk so smaller or...
Agreed Basber, thanks for the feedback.
"Be the change that you wish to see in the world." --Gandhi
  • #13,872
  • Jul 28, 2010 8:37am Jul 28, 2010 8:37am
Quoting Basber
It was not old market movers, it was a bad entry from you. just tell me, where was a short setup ? Beside there was no lower low, only two candles closes below the dragon that you should place your sell order few pips above it's low, and it didn't triggered, and even if it did, it was not a sonicR entry. No "high - low - lowerhigh - boom !!" , no short !

Regards,
Basber
I think there was one candle that made a lower high, but apparently one candle isn't sufficient for Sonic, so I'll be watching in the future.

Thanks Basber!
"Be the change that you wish to see in the world." --Gandhi
  • #13,873
  • Jul 28, 2010 8:46am Jul 28, 2010 8:46am
This range is getting really really boring! I just want price to break out of it…. Up or down, just break!
  • #13,874
  • Jul 28, 2010 9:23am Jul 28, 2010 9:23am
I usually saw that NY can be very nasty , expecially if PA is not so great..so, i closed my trades ON TIME!
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  • #13,875
  • Jul 28, 2010 10:51am Jul 28, 2010 10:51am
Quoting Chantalb
This range is getting really really boring! I just want price to break out of it…. Up or down, just break!
LOL ! I prefer down

Regards,
Basber
Trading methods are designed to put the odds in our favor, not predicting.
  • #13,876
  • Jul 28, 2010 10:57am Jul 28, 2010 10:57am
Quoting Basber
LOL ! I prefer down

Regards,
Basber
Yes I prefer down too... my trade from yesterday is still open, not going anywhere, not to TP nor to SL. But based on what I see on the higher TFs we are in for a big ride down. If not today then tomorrow
  • #13,877
  • Jul 28, 2010 11:02am Jul 28, 2010 11:02am
Quoting Chantalb
Yes I prefer down too... my trade from yesterday is still open, not going anywhere, not to TP nor to SL. But based on what I see on the higher TFs we are in for a big ride down. If not today then tomorrow
Bigger the ranging period, bigger the move ...

Regards,
Basber
Trading methods are designed to put the odds in our favor, not predicting.
  • #13,878
  • Edited 1:40pm Jul 28, 2010 11:12am | Edited 1:40pm
EU Watch And US Unemployment Claims Release on Thursday:

Some 'pairs' continue essentially sideways movement in their range at the extreme of their move over past weeks. So, it could be that the big players are calmly taking their time adjusting positions until the time of this release.

Specifically for EU, I have attached H4 and Monthly charts to show the importance of the PA location now, after the last move up over multiple weeks.

H4 shows PA may end up as a Double Top.

Monthly shows where this is all happening!

Do you see the Wave? Do you see the pullup back to the SonicR setup EP for another entry opportunity?
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  • #13,879
  • Jul 28, 2010 11:18am Jul 28, 2010 11:18am
Quoting sonicdeejay
Been Busy with my project (full time proj) for long...
My today trade..

Sonic

(see...how imp of S & R..i hit my tp my drop)...
hi master sonic! i've been trying your system for few days, it's amazing.. as for indicator i'm using the template from the first page.

i read as much as i could, but honestly i havent read all the pages. and i'm bit curious of how the sonic system work these days, so i skip to the last page of the thread.

and i kind of surprise that you and other fellow trader like @traderathome, @DanPa and others are not using QQE and CCI again. what happen here? are these two indicators are not longer used? we only use NVO and wave analysis?

thanks for the answer. appreciate it.
  • #13,880
  • Jul 28, 2010 11:51am Jul 28, 2010 11:51am
Quoting jret_seterek
hi master sonic! i've been trying your system for few days, it's amazing.. as for indicator i'm using the template from the first page.

i read as much as i could, but honestly i havent read all the pages. and i'm bit curious of how the sonic system work these days, so i skip to the last page of the thread.

and i kind of surprise that you and other fellow trader like @traderathome, @DanPa and others are not using QQE and CCI again. what happen here? are these two indicators are not longer used? we only use NVO and wave analysis?

thanks for...
Sonicdeejay may jump in and respond to your appropriate questions when he finds the time. Meanwhile, I can perhpas explain.

The SonicR method is based on PA Waves when PA is around the Dragon. The PA Waves means for a long, L-H-HL leading to an EP and an EP breakout. For a short, H-L-LH leading to an EP and an EP breakout. This is all on the M15 chart, hopefully backed up by supporting H4 PA. That is the essence of the SonicR method.

To the list of the original 89ema, QQE and CCI indicators, other traders have offerred additional indicators for consideration. For the most part, it appears that Sonicdeejay favors the 89ema, CCI and one of the volume indys; one of the Volumes Enhanced indys or one of the NVO indys.

The use of indicators, other than PA and the Dragon, are supposed to be used to help confirm, not predict. But except for the volume indys, they are all themselves based on price, and so in a way they are redundant to the actual PA itself.

The focus should be on the PA Wave (a proper HL sequence), near the Dragon, during approved trading hours and with a supporting longer term (H4, Daily, etc.) chart.
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