Sonic R. System

e/u trade: half closed sl to be
edit:sl hit

EU, how far down will it go? Meanwhile, enjoy the pips all

I have just added another short to my EU position at 1.3046

short EU

short EU trade out at BE

Just call me "Mr. Breakeven"

Trying to decide on EU entry

Just wait till candle passes lowest level of dragon or wait till passes through S1 1.3001.

Trying to figure out how to put screen shot up.

Keeper81

trades initiated:

I have the same problem very often. Usualy, I want to avoid any loss so I move my SL too early, before any valid pullback occures. Then the pullback comes and hit my SL.

In this case it looks to me as a bad entry. I am not a master of Sonic R, but what I see is:
Have look at the blue box and Fibo retracement lines. You entered after the price made HH, not LH! And, futhermore, the price crossed Fibo level 38,2%, what means, it was not a pullback of the first small downtrend but another move unfortunately going upward.
In such case it is much better to wait for next wave to recognize what is going on.
If I am wrong let's the Sonicdejay, TAH, Basber and other fellows to correct me.

hi sonic,

1. I downloaded the sonicv2 and i successfully installed, but i m confused where to put trade, coz i cant find any white line on the chart. what i can c a thick black line.
2. can u please explain more clearly where to enter a trade exectly.
3. what time frame of chart should i use
4. what is the specific pair should i trade with this system
5. is there any money management rules related to this system

thanks for your answers.
regards
amar

Using Larger TFs (H4, Daily) in SonicR Setups:

Last week KumoDragon and I had a discussion on using larger TF charts in looking for support for a SonicR setup. We got involved in talking about specifics, like how many candles back would a hammer or an engulfing H4 candle still be 'effective' in terms of being still supportive of a SonicR setup.

And I made the comment that such specifics are invalid. PA can turn in an instant, no matter what charts look like. We do the best we can to see if there is support, but in the final analysis SonicR is about PA waves about the Dragon, and we need to focus on that and be responsive to any change regardless of all else.

The attached GU H4 chart is a good example of this. There was an engulfing candle at the very highs, and leading into Friday approved trading hours there had been not much downward reaction to it. This prompted the hypothesis that consolidation was going on ahead of another move which, according to the engulfing candle, would likely be down.

And price did drop around 50 pips. That is good, but not much of a move for GU. But then price was driven hard up in a reversal move for more than 150 pips!

The point of all this is to show that GU PA is an example of how price can suddenly turn, regardless of 'larger TF support' for a SonicR setup. There was, with the engulfing candle, more support for a 150 pip move down, than for a 50 pip move down and a 150 pip reversal! But that is the way it goes sometimes. And it is why focus on PA waves about the Dragon is so important, and 'specifics' is the path leading to the forest of uselessness. The M15 chart shows that after the 50 pip move down, there was a SonicR setup long with much better signals than anything before for several days! There was a HL sequence (PA Wave) in conjunction with PA bouncing off the half number support level.

In summary, PA waves about the Dragon and letting the market decide are the core of the SonicR method. Finding larger TF "support" for a SonicR setup is also part of the essence of the SonicR method, but nothing is more important than the PA waves about the Dragon and letting the market decide.......and being responsive to market change!

Good trading to all this new week!

UJ Long Initiated:

The down side to this entry is even if PA later moves up, since this is the Asian sessio (not approved trading hours yet) when the euro traders come on board PA could first go lower, maybe even low enough to create a new SonicR long setup with a lower entry.

The up side to this trade is a SonicR EP long was created earlier this session and PA launched thru that on high trading. PA has been pulled back down on much lower trading (they are 'resetting' PA lower again) which may mean another launch is coming.....maybe before euro open, maybe not until after. Either way, I am ready by being in.

No SL or TP is being set, not until we get into approved hours at least.

long GU



EDIT: Sorry, I mean EU!

UJ:

Price has been returned to the starting gate, where heavy trading resumed. Another bounce off the lower TL, and this time the half number also? Another SonicR long setup later?

The thing is, while this is predicated on dollar strength, EU and GU have just been slammed upwards. What does THAT mean? One last grab at the highs before a tumble?

Who knows? I don't.

Let the market decide...(and be quick to react).

Edit: Added M30 chart. Note that the last 5 high bars on NVO (Friday and today) have all been at the lows or thrusting up off the lows. This could be an indication of buying, and that the pullbacks downward are just for addtional buying opportunities. Note here too, that they are at higher and higher prices in spite of the pullbacks.

My today's trade ...

Bagged +50 pips with 80% of my position, other 20% is still running and TP is waaaaaay upper due to head & shoulder in daily TF.

I closed earlier due to first target because of the effect of the news. I afraid it come back, but it didn't and it goes higher. But I don't regret

Regards,
Basber

+100 on my EU trade

Nice one Wally. I was with you on E/J. There is no need to pray. You just do what your rules tolds you to do and profit will be the result. Concentrate on your trading skills.

Regards,
Basber

UJ:

The current drive down was on less than average volume. It was only after prices hit the area of the lows that the trading radically increased. This can be confirmed by looking at NVO on an M1 chart. So, although the channel has now defined it's lower part, this might still be nothing more than preparations for the week ahead, and a run up.

WARNING: Speculation!

Back to square "one", waiting for the market to decide....

Congrats to you too Basber.

Yes, skills always first. Then if you need to pray, it can't hurt.

It can't hurt, But it's not effective either. It's not because I don't believe in praying, it's because there are always many other people who prays for price to go the opposite way. So even if it is effective, it will not work on this market. There is no balance that tell god "sellers are more or they pray more !!! so let's turn it down !!!" or anything else. You can do what even you believe in, But in my experience, it just makes you feel more depressed and exhausted.

The thing you can do with praying is BEFORE you take the trade, after that you just let the market decide and LET IT GO !

BTW, it's just my opinion, nothing more, nothing less ...

Regards,
Basber