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Sonic R. System

  • #14,681
  • Edited 4:09pm Sep 30, 2010 3:41pm | Edited 4:09pm
Quoting traderathome
USDCHF:

Possibilities here. PA close to EP area. Has WAVE. S&R= been bouncing along half number. Dragon and Trend starting to turn upwards.....and no news to muck it up for at least seven hours.
Well, the PPMs decided to start mucking things up well in advance of the "news"! See? When there is manipulation afoot, all reasoning and logic goes out the window!

As the pics show, the TP was finally reached. But this only happened after an extreme whipsaw. One purpose of whipsaws (a tool used by the PPMs) is to run stops before they reverse PA and execute the planned drive. Folks that were long, but had close-in SLs, lost their positons just before the trade went the way they were thinking it would!

This is an example of why SLs are problematic. Not only can unscrupulous brokers "team up" at the time PPMs go to work, to run stops of their own clients, but if they don't the PPMs will get 'em anyway. Some suggest wide stops, some suggest narrow stops, and some suggest no stops.

The real question is whether or not you believe in the trade. The second question is have you traded light enough to withstand extreme whips or long duration drives against the trade. If you believe in the trade, have traded light, and find yourself attacked by a whipsaw or a long duration reverse move, then you have the power to decide at what point the trade is no longer "worth it". But with a SL, you have abdicated power to the market. And even though you believe in the trade, the market can use whips or longer duration reverse runs to remove you from your trade. ...........But, is that such a bad thing if you have a plan?

I read somewhere that it may be best to not use SLs at all. If at some point you decide to "cut your losses", make note of the price. Later, when price has finished moving opposite your trade and has run back to that price, simply get on board there again. And shouldn't this work really well with tight SLs?

Lots to think about. But one thing is sure. In the last two weeks or so, the market has demonstrated how even the most scientifically thought out positioning of SLs means nothing. When it wants to, the market just steam rolls right over them.
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  • #14,682
  • Edited 6:16pm Sep 30, 2010 5:31pm | Edited 6:16pm
Yesterday USDCHF Example:

The easy part of SonicR is identifying the setup; the WAVE, at the right place (S&R), at the right time ("Approved Hours" = busiest time each session) and with increased preceding trading activity (NVO study). The Dragon and PA show you where to put the EP. Setting TP(s) is also easy using historic S&R/consolidation levels, and with the aid of whole/half numbers, the FE/FR tools and pivots. What is not so easy is deciding what to do about the SL, knowing PA can be subjected to sudden swings. Here is a plan.

1. Set the SL tight (the other side of the Dragon is used in this example). If the trade is set up well and begins to run during prime hours, there shouldn't be much of a whip back after price moves thru EP. If there is, then a good trade may be in the making, but in the other direction.

2. If trade fails, and you acknowledge this to be the case before PA hits your SL, manually exit. If you do not see this in time, then let the hitting of your SL also be the trigger to immediately enter a trade in the opposite direction. If the original trade setup was good, but yet fails to run strong and instead PA moves out the other side of the Dragon, the probability is increased for a strong move in the opposite direction.

You see, the SL is not the only part of managing a "failed trade". The second part of managing such a case is to be quick to react to the swinging PA, adjusting your thinking and your trade accordingly.

Psycologically speaking, one could have left the 1st trade with a 15 pip loss, and disgusted. But with the mind tuned to respond quickly to swinging PA, even entering at the SL would have netted a profit of 15+ pips...after covering your SL loss! Moreover, one would be "tuned" into the "swinging environment" and without quibble again enter long for 75+ pips off the move originally envisioned.
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  • #14,683
  • Sep 30, 2010 6:30pm Sep 30, 2010 6:30pm
Firstable I want to thanks traderathome, basber and the others for keeeping this thread alive.
I'm still in the process of learning and finetuning the method (I'm only at post# 116, still a lot of post to read!) but I have to say that I stil don't understand the use of NVO and Sonic Volume Oscillator. Can u direct me to a post or some resource about that?
Btw where can i download Sonic Volume Oscillator?
  • #14,684
  • Sep 30, 2010 7:36pm Sep 30, 2010 7:36pm
Quoting noobguy
Hi T@H, just wondering how many pairs do you trade in one day?
I'd recommend Sonicdeejay's example to focus on EU. I do trade EJ occassionaly, as well as GU infrequently. Sometimes I remain in a trade for some time, and it just appears that I am often trading it, which I am not.
  • #14,685
  • Sep 30, 2010 8:14pm Sep 30, 2010 8:14pm
hi guys, im alittle confused, ive read from page one through to 12 or so about the sonicdeejay method with the 3 moving averages, is it the same system being dicussed here, on the last 3 pages of this thread there is alot of talk about pump and now i see sonicR. I am planing to read as much as i can form this thread but im now very confused if its the same topic as in the beginning. If not, the is the sonicdeejay method still profitable?
  • #14,686
  • Oct 1, 2010 2:10am Oct 1, 2010 2:10am
waithing for gbpusd long setup,lets wait and see what happend
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  • #14,687
  • Oct 1, 2010 2:52am Oct 1, 2010 2:52am
Quoting Doncex
waithing for gbpusd long setup,lets wait and see what happend
Or a short.
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  • #14,688
  • Oct 1, 2010 3:21am Oct 1, 2010 3:21am
Quoting traderathome
Or a short.
YES Tah
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  • #14,689
  • Oct 1, 2010 3:52am Oct 1, 2010 3:52am
Quoting only20gp
hi guys, im alittle confused, ive read from page one through to 12 or so about the sonicdeejay method with the 3 moving averages, is it the same system being dicussed here, on the last 3 pages of this thread there is alot of talk about pump and now i see sonicR. I am planing to read as much as i can form this thread but im now very confused if its the same topic as in the beginning. If not, the is the sonicdeejay method still profitable?
Yes SonicR is profitable. Stick to the Dragon and pay no mind to the ramblings on pumps and dumps.
  • #14,690
  • Edited 4:44am Oct 1, 2010 4:14am | Edited 4:44am
Quoting Doncex
waithing for gbpusd long setup,lets wait and see what happend
Doncex, you had this right. Not only right, but you nailed the target. Congratulations!
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  • #14,691
  • Oct 1, 2010 6:33am Oct 1, 2010 6:33am
I liked this one alot ...

Proper wave formation, confirmation with NVO (volume increases on swing low) and break of the previous high ...

Still doubt this method ?! LOL !

Regards,
Basber
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Trading methods are designed to put the odds in our favor, not predicting.
  • #14,692
  • Oct 1, 2010 6:45am Oct 1, 2010 6:45am
Quoting selenic
Firstable I want to thanks traderathome, basber and the others for keeeping this thread alive.
I'm still in the process of learning and finetuning the method (I'm only at post# 116, still a lot of post to read!) but I have to say that I stil don't understand the use of NVO and Sonic Volume Oscillator. Can u direct me to a post or some resource about that?
Btw where can i download Sonic Volume Oscillator?
Hi Selenic and welcome to this thread

The use of NVO became more important that other indicators lately, as you can see many of us eliminated CCI, QQE and many other indicators that was used long time ago. This process occures to reach a better, clearer and more profitable SonicR entries ...

Instruction to use NVO in advance will be in the 4th version of manual and because it's going to be a different manual from last ones, it takes time more than it was expected, but I hope it'll be out in october ...

Till then, here's a small explanation on using NVO ...

Regards,
Basber
Trading methods are designed to put the odds in our favor, not predicting.
  • #14,693
  • Oct 1, 2010 6:56am Oct 1, 2010 6:56am
Quoting only20gp
hi guys, im alittle confused, ive read from page one through to 12 or so about the sonicdeejay method with the 3 moving averages, is it the same system being dicussed here, on the last 3 pages of this thread there is alot of talk about pump and now i see sonicR. I am planing to read as much as i can form this thread but im now very confused if its the same topic as in the beginning. If not, the is the sonicdeejay method still profitable?
Hi GP,

Welcome to this thread ...

You should be confused ... Because this method optimized to be more profitable. So it had some changes ... We are making the latest manual that contains all these changes, but because it's going to be have complete subjects that are discussed here, it takes a little longer time that expected. As I mentioned before, it should be ready in present month.

Anyway, you can stick to main concepts of this method, because they didn't change ... main concepts are "Waves" and "supports & resistances". Reading all the thread is recommended because you'll see different approches to these concepts, you'll see the right ones and the wrong ones. Many of trades here was posted live, so you can judge this method yourself. "thanks to sonicdeejay's rule : no picture , no talk", those trades could help new traders to this method to learn it faster.

And no it's not still profitable like those times, it became better

Enjoy your stay

Regards,
Basber
Trading methods are designed to put the odds in our favor, not predicting.
  • #14,694
  • Oct 1, 2010 7:05am Oct 1, 2010 7:05am
Quoting traderathome
Doncex, you had this right. Not only right, but you nailed the target. Congratulations!
Thanks Tah,but there was no good wave to make a long setup so I didnt take a long order,

Like you say there was a other,bigger wave which was a profitable

today only one take usd/jpy short setup,there was a wery good situation to short...
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  • #14,695
  • Oct 1, 2010 7:06am Oct 1, 2010 7:06am
Quoting sonicdeejay
This is my trade for these two days....+260 pips haha...
I still have EJ short since last Thursday too...

Sonic

Hi

You kept mentioning that the trading volume is important. I see very little trade volume around the time of your short entry. What made you take this trade?
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  • #14,696
  • Oct 1, 2010 8:34am Oct 1, 2010 8:34am
guys what are you going to say about gbp/jpy long setup?
looks like a good situation for long setup...

and 4h tf cci is low


London open shows price up,mabey and american sesion will go up?
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  • #14,697
  • Edited 9:04am Oct 1, 2010 8:44am | Edited 9:04am
just gone long on GBP/JPY to test the strategy, hope the entry was per the strategy guidlines. Can anybody gimme some feedback if it was a good entry or not.

edit: okay, got taken out by the News. Somehow thought there was no more news coming up today, arggg
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  • #14,698
  • Oct 1, 2010 9:06am Oct 1, 2010 9:06am
Quoting only20gp
just gone long on GBP/JPY to test the strategy, hope the entry was per the strategy guidlines. Can anybody gimme some feedback if it was a good entry or not.

edit: okay, got taken out by the News. Somehow thought there was no more news coming up today, arggg
Your entry was exactly on previous high, which may reverse. and also you entry is too much away from tunnel dragon. I don't enter these setups.

It's friday noon people ... shut down your platforms and have some rest

Regards,
Basber
Trading methods are designed to put the odds in our favor, not predicting.
  • #14,699
  • Oct 1, 2010 9:10am Oct 1, 2010 9:10am
Quoting only20gp
just gone long on GBP/JPY to test the strategy, hope the entry was per the strategy guidlines. Can anybody gimme some feedback if it was a good entry or not.

edit: okay, got taken out by the News. Somehow thought there was no more news coming up today, arggg
I just now realized that you're trading M5. Try to stick with M15 ... It's much more safer. And there are lots of better pairs to trade, why G/J ? I recommend E/U for start ...

Regards,
Basber
Trading methods are designed to put the odds in our favor, not predicting.
  • #14,700
  • Oct 1, 2010 9:16am Oct 1, 2010 9:16am
Quoting Doncex
guys what are you going to say about gbp/jpy long setup?
looks like a good situation for long setup...

and 4h tf cci is low


London open shows price up,mabey and american sesion will go up?
** guys what are you going to say about gbp/jpy long setup?

Not good ... see previous posts ... and also you drew that line as a resistance at H4 and you wanna go long before you see what price will do according to that line ?


** looks like a good situation for long setup...

What's your criteria for a good setup ? there are two main concepts : wave (it okay) and s&r (not okay !)
Besides, trading at friday noon is not a wise move ... Price will whipsaw a lot ... a lot of traders are closing their position at the weekend, so it's better to stay aside and study other things instead of trading !


** and 4h tf cci is low

It shows nothing ... It could go lower ...


** London open shows price up,mabey and american sesion will go up?

Sometimes this leads to a very good short setup ... But US session in fridays are little messy !

Regards,
Basber
Trading methods are designed to put the odds in our favor, not predicting.
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