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Sonic R. System

  • #14,321
  • Edited 11:32am Aug 26, 2010 10:57am | Edited 11:32am
Quoting traderathome
EU:

There was a brief small drop at the first release, but price then moved up during the remaining time to the second US release, where it currently is at the highs along the upper TL.

We have lost the HL sequence with this last push up. But if price later moves down, the lower whole number area may be where a setup could form. The average range is about 150 pips. So, if price makes a move down, the second lower whole number is a viable target area (TP 2).

WARNING: Speculation!
EU Short Trade Initiated:

Per attached chart, which was previously posted. This is not a pure SonicR trade because we do not have a proper HL sequence, and because we are beyond approved hours for trade entry. Entry is based upon the rapid pump to the upper TL and the even more rapid fall back down. Either the professional traders didn't know what the dickens they where doing when they pumped it....or, they knew EXACTLY what they were doing.

WARNING: Speculation!

Edit (32 minutes later): Added second chart showing a tight HL sequence and new EP Zone.
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  • #14,322
  • Aug 26, 2010 11:51am Aug 26, 2010 11:51am
EJ Long Term Perspective:

The attached chart is zoomed out from previously posted Weekly charts on this Inverted Cup and Handle formation. It more clearly shows the downside potential relative to historic PA.

We should see lots of SonicR trades in both directions over the months ahead, but this is a very bearish picture.
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  • #14,323
  • Aug 27, 2010 12:17pm Aug 27, 2010 12:17pm
Quoting traderathome
UJ Long Trade Update:

Since entering, this has gone nowhere but down, until today. Currently, the price is hovering around my new "averaged entry price" developed by adding small components to the trade as the price dropped. Since the range is flushed out today, I don't expect price will go substantially higher. Instead, tomorrow may be the day profits will be cemented to this trade. The TP shown in the attached M15 chart is for tomorrow.
UJ Long Trade Closed:

"Tomorrow" was a long time coming! Closed for 66 pips profit.
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  • #14,324
  • Edited 2:48am Aug 29, 2010 2:03am | Edited 2:48am
Ok, I am started to trade with this strategy... Do I need to download anything else as in what is already posted in post one of this thread? Are there any changes or anything else to know in order to improve my success? I am trying to find my answers reading this whole thread but t might take a while..

Any help would be apreciated. Thanks.
  • #14,325
  • Edited 2:47am Aug 29, 2010 2:36am | Edited 2:47am
Quoting lawgirl21
London opens 11 p.m. PST (California time).
I think you are wrong, one hour to early, London Session starts at 3:00 AM Eastern Time, And California it is 3 hours behind. That means London session starts exactly in the middle of the night in CAlifornia.

First thing that I noticed coming to this thread is that London Sesion Starts at 3:00 AM Eastern time and New York Session starts at 8 AM Eastern time. Somebody correct post one.

Forex trading hours, Forex trading time:



New York opens at 8:00 am to 5:00 pm EST
Tokyo opens at 7:00 pm to 4:00 am EST
Sydney opens at 5:00 pm to 2:00 am EST
London opens at 3:00 am to 12:00 noon EST


How come nobody fixed this mistake till now? Or Maybe Sonic really ment to start trading two hours prior to London open and one hour prior to New York open? Which one is true??
  • #14,326
  • Aug 29, 2010 6:57am Aug 29, 2010 6:57am
Quoting iulli
I think you are wrong, one hour to early, London Session starts at 3:00 AM Eastern Time, And California it is 3 hours behind. That means London session starts exactly in the middle of the night in CAlifornia...

How come nobody fixed this mistake till now? Or Maybe Sonic really ment to start trading two hours prior to London open and one hour prior to New York open? Which one is true??
London financial markets open at 3 AM EST, but Frankfurt opens at 2 AM, and currencies often start to get active at that time, or even during the half hour leading up to the Frankfurt open. There is a "Guru" who has been selling a forex course for years upon years now, and he always called 2AM EDT or 11PM PST the "London Open." Somehow his mispeaking has become a convention that has stuck among us retail pikers. But now you know - London opens at 3 AM EST, but Europe starts trading at 2AM EDT.

It doesn't really matter if you call 2AM EDT "London Open," "Frankfurt Open" or "Open Sesame," the effect is still the same.

My advice to you - Don't sweat the small stuff. If you read this entire thread you will find that SonicR paints the big picture. You will also find that it does not go well for those who sweat the small stuff. In the hands of those who understand that the big money comes from trading the big picture, SonicR, like a beautiful sunrise over the landscape of price, illuminates the safe and proper path across price's treacherous terrain. For those who sweat the small stuff, SonicR causes a confusing blur of the vision, a crossing of the eyes, and finally a shadowy blindness where price bars and candlesticks will disappear behind a veil of indicators, pivot point calculations, moving average angles and slopes, Fibonacci clusters and, yes, an unhealthy focus on clock times, bar closes, and trying to figure out why your pivot point is 2 pips higher or lower than mine.

Do you get the picture?

Good Luck!
  • #14,327
  • Edited 2:28pm Aug 29, 2010 2:07pm | Edited 2:28pm
Quoting ddaytrader
London financial markets open at 3 AM EST, but Frankfurt opens at 2 AM, and currencies often start to get active at that time, or even during the half hour leading up to the Frankfurt open. There is a "Guru" who has been selling a forex course for years upon years now, and he always called 2AM EDT or 11PM PST the "London Open." Somehow his mispeaking has become a convention that has stuck among us retail pikers. But now you know - London opens at 3 AM EST, but Europe starts trading at 2AM EDT.

It doesn't really matter if you call 2AM EDT "London...
Thankyou for clearing it up. I see that you know what I ment. However this is not "sweat for the small stuff". This is the first most important rule "When to trade".

The problem is that I got confused some people on this thread specifically said "DO NOT TRADE BEFORE LONDON OPEN", there are lots of fake signals in terms of direction.

Quoting ddaytrader
It doesn't really matter if you call 2AM EDT "London Open," "Frankfurt Open" or "Open Sesame," the effect is still the same....
Respectfully I will have to correct this. Did you read this thread? Some people here starting using some indicator to make sure they trade exactly when London and Newyork times opens, by this they don't beginn trading one hour earlier as you imply. And there is a HUGE diference for an experimeted trader betwen Frankfurt opne 2AM EST and London Open 3AM EST in terms of volume and trading direction, but I think you already know this looks like you know what you doing.

A good succesfull system has rules. If you follow the rules you become succesfull. So I just want to clarify in my mind first rule, when to trade. There are many conflicting opinions. There is so much uncertantly in forex trading, let's make at least the basic rules certain. It is funny most people follow blindly any system without trying to see and understans the logic behind it. I bet most people here have no idea that actually they are trading against the rules posted here on this thread. If you follow the hours posted than you begin trading to early, if you trade when London and New York market opens than you don't respect the trading hours posted for this system. So which one is good??

I know and I really belief this is a good system, that is the reson I started studing it, thank you Sonic for sharing this. And thankyou daytrader for helping around, and don't try to put me down instead make it clear for everybody When to trade? London Open and newyork open or 2AM EST and 7AM EST. Seems that you think second option is the correct one.
  • #14,328
  • Aug 29, 2010 4:11pm Aug 29, 2010 4:11pm
Quoting iulli
Did you read this thread?
Nope, I just stumbled upon it today for the first time the same as you.
  • #14,329
  • Aug 29, 2010 8:38pm Aug 29, 2010 8:38pm
Quoting ddaytrader
Nope, I just stumbled upon it today for the first time the same as you.

That's a good one, ddaytrader.

Good to see you are still around this thread.
  • #14,330
  • Aug 29, 2010 8:41pm Aug 29, 2010 8:41pm
Hello all, just getting my feet wet with Sonic, can someone explain the significance of the yellow bar in Sonic CCI and what is the period being used currently 34 or 63?
Thanks.
  • #14,331
  • Aug 30, 2010 1:36am Aug 30, 2010 1:36am
Hey mates,
just back from honeymoon, relaxed, sunburned, ready to have some fun here and... not ready but have to work

Quoting geosanuy
Hello all, just getting my feet wet with Sonic, can someone explain the significance of the yellow bar in Sonic CCI and what is the period being used currently 34 or 63?
Thanks.
63, at least as far as I know.
Yellow line? Post pic. I don't know what line you mean.
Follow my trading on Twitter and FB: @pumlitch
  • #14,332
  • Edited 3:10am Aug 30, 2010 2:57am | Edited 3:10am
Trade initiated:g/u
edit:closed at be
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  • #14,333
  • Aug 30, 2010 3:23am Aug 30, 2010 3:23am
Reviewing first 11 SonicR Live Trades.
All the below trades have been posted.

#1 AUD/USD - Short, Win ( 50pips)
#2 NZD/USD - Short, Win ( 50pips)
#3 USD/CHF - Long, Win ( 50pips)
#4 EUR/USD - Short, Loss ( -60pips)
#5 AUD/USD - Short, Loss ( -50pips)
#6 EUR/JPY - Long, Win ( 60pips)
#7 AUD/JPY - Short, Loss ( -50pips)
#8 GBP/USD - Short, Loss ( -60pips)
#9 EUR/USD - Short, Loss ( -63.5pips)
#10 GBP/USD - Short, Loss ( -70pips)
#11 NZD/USD - Short, Loss (-10pips) => This NZD/USD did hit initial TP, but I did not take it.

11 Trades
4 Wins
7 Loss
Win Ratio = 36%

Win Pips = 210 pips
Loss Pips = -363.5 pips
Nett Pips (Loss) = -153.5 pips

With these 11 trades, during this time I suspended trading many other methods, I just focus on SonicR.

Result after 11 Live trades not good.

Observations:
- Take profit first rather than move it.
- Many trades would hit SL, then hit TP.
- Could be entering too early.
- And label H-L wave formation wrongly. At the point of initiating trade, the wave look correct as per label. Only after it hit SL, then could see H-L wave may not be quite right. This is too late already after knowing the result.


Fellow traders, I seek your help and comments on my first 11 SonicR trades as I would like to share notes from those traders:

- Who took some of the same trades as me
- And the timing of your entry around same time as me, plus or minus a few hours
- And you profit from those trades by going in the Opposite direction to me
- And you profit from those trades by going in the Same direction to me
- And you profit from those trades by using SonicR
- And you profit from those trades by using other trading methods
  • #14,334
  • Aug 30, 2010 5:33am Aug 30, 2010 5:33am
Thanks for the response, Pumlitch and congrats on your recent nuptials, I was referring to the bars that are formed as the CCI extends, mostly blue, brown and some grey, with rarer frequency you get the yellow one which I assume would mean caution...but could use guide for all the colors really if you get around to it.
Thanks.
  • #14,335
  • Aug 30, 2010 7:00am Aug 30, 2010 7:00am
Quoting ddaytrader
Nope, I just stumbled upon it today for the first time the same as you.
Nice way to start the week!

Good to see you again, ddaytrader!
  • #14,336
  • Aug 30, 2010 7:14am Aug 30, 2010 7:14am
Quoting geosanuy
Thanks for the response, Pumlitch and congrats on your recent nuptials, I was referring to the bars that are formed as the CCI extends, mostly blue, brown and some grey, with rarer frequency you get the yellow one which I assume would mean caution...but could use guide for all the colors really if you get around to it.
Thanks.
Thank you.
I think the yellow bar is just a border between an undefined move and move which is considered to be a trend regarding the time period you chose. As you said, caution.
The Sonic CCI is based on Woodies CCI. In Woodies CCI system is a rule that if you get 6 bars below or behind the line it is valid price move and you can start to look for an entry signal. Woodies system was my first trade system.
Follow my trading on Twitter and FB: @pumlitch
  • #14,337
  • Aug 30, 2010 7:14am Aug 30, 2010 7:14am
GU On Watch:

H4 shows PA has been driven back up to SR area....seems to be faltering there now, waiting on US releases at 8:30am EST.

M15 shows the last several hits in this SR area.

Most typically, though not always, PA can be driven against the "expected run direction" prior to releases after which there is expected to be that run. In this case, PA has been driven up prior to the upcoming US releases, which increases the odds that the run subsequent to the releases will be down.

BTW, the Approved Hours displayed is per Sonicdeejay's post #12, which you can duplicate by reducing the closing hour by one hour in the indicator in this template...

http://www.forexfactory.com/showpost...ostcount=12483

....making the span from 1am EST to 11am EST. The hours preset are from 1am EST to 12noon EST. The preset hours will be corrected in the new release.

WARNING: Speculation!
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  • #14,338
  • Aug 30, 2010 7:48am Aug 30, 2010 7:48am
Quoting traderathome
EU Short Trade Initiated:

Per attached chart, which was previously posted. This is not a pure SonicR trade because we do not have a proper HL sequence, and because we are beyond approved hours for trade entry. Entry is based upon the rapid pump to the upper TL and the even more rapid fall back down. Either the professional traders didn't know what the dickens they where doing when they pumped it....or, they knew EXACTLY what they were doing.

WARNING: Speculation!

Edit (32 minutes later): Added second chart showing a tight HL sequence and new...
EU Short Trade Update:

Added short at 1.2737 bringing entry average to 1.2717. Only one TP is set, just above RgL for today and about the middle of the most pronounced consolidation area in the previous lows (black rectangle).

Edit: If pic does not show below then ForexFactory is having problems.
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  • #14,339
  • Aug 30, 2010 8:17am Aug 30, 2010 8:17am
GU Short Trade Initated:

EP was in the 1.5530 area, but I entered earlier at 1.5544. TP is set just above the lower half number (1.5450) about 25 pips above RgL for today.

Edit: If pic does not show below, then ForexFactory is having problems.
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  • #14,340
  • Edited 12:34pm Aug 30, 2010 12:22pm | Edited 12:34pm
GU Short Trade Update:

PA did not quite make it down to TP. I have been waiting for 1.5 hours for "clarification". There is another US event in less than 10 minutes. Were it not for this event, I'd probably just close the trade here. But PA make have gone stagnant (consolidation) in advance of another move down subsquent to the upcoming "release". Therefore, I keep the trade on, but have moved TP down to the RgL area. No sense waiting all this time just to have another PA break downwards and collect only the first few pips of the breakout move.

If PA breaks upwards, I'll still be able to close with profit (my SL is mental to protect trade from any shenanegans).

Edit: If pic does not appear below, then ForexFactory is still having problems!
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