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Sonic R. System

  • #14,701
  • Oct 1, 2010 9:28am Oct 1, 2010 9:28am
gbpjpy wave not developed for long setup

Basber you are right friday ending is risk trading.

meet until next week traders

have a nice weekend
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  • #14,702
  • Oct 1, 2010 9:54am Oct 1, 2010 9:54am
Quoting Basber
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...
Thanks for the clarification Basber, I'm really looking forward to read the new manual.
  • #14,703
  • Oct 2, 2010 1:47pm Oct 2, 2010 1:47pm
Quoting sonicdeejay
My trade

I set my TP 115.9 (Not 116.0x)...and I went to sleep...
Delight on my side when I see the trade when I wake up...


Sonic
hey guys, im still reading through all the pages, i seem to get the concept but some trades taken just dont make any sense to me. on the pic above sonic took this trade, i dont see a low-high low and also the entry was taken before the exit through the top ema line. can someone please explain what im missing.... thanks in advanced
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  • #14,704
  • Oct 2, 2010 6:48pm Oct 2, 2010 6:48pm
Quoting only20gp
hey guys, im still reading through all the pages, i seem to get the concept but some trades taken just dont make any sense to me. on the pic above sonic took this trade, i dont see a low-high low and also the entry was taken before the exit through the top ema line. can someone please explain what im missing.... thanks in advanced

Hi there,

First picture was the wave analysis. (Blue Line)

You're right about the entry if it was on the white line ... There are two possible entries with two different advantages (Blue Line):
Entry Number 1 : smaller SL, bigger tp, better chance to bring SL to BE
Entry Number 2 : Better chance of success because price broke the previous high

Hope it helps ...

Regards,
Basber
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Trading methods are designed to put the odds in our favor, not predicting.
  • #14,705
  • Oct 3, 2010 6:06am Oct 3, 2010 6:06am
Thanks Basber, now that you drew the lines it makes more sense. on page 166 now and still a long way to go. Can you tell me where I can get more information about wave analasys, do recomend anyebook or thread?
  • #14,706
  • Oct 3, 2010 6:26am Oct 3, 2010 6:26am
Quoting only20gp
Thanks Basber, now that you drew the lines it makes more sense. on page 166 now and still a long way to go. Can you tell me where I can get more information about wave analasys, do recomend anyebook or thread?

You're quite welcome

Waves are not that complicated to read books on mentoined subject. This thread is more than enough. After a while, you'll realize whom posts to view ... it'll save you a lot of time.

Try these steps as a path to success in this method :

1) read the manual and understand it well (I think you've done it)


"when you start your day ..."


2) open a demo account and see major pairs to see if a setup according to what you've learnt in manual exist or not. If not, go to step 3, if yes take the trade and post it here.

3) read today's post to see if there was a setup that you missed.

4) start to read the thread from the beginning. (you're doing it)

5) when you get tired from reading and when you realized you're understanding it better and you knowledge is going to next level, go to step 5.


6) along reading the thread from the beginning, try to trade with trading simulator (I've uploaded here). It's not a very complete program, because you can only focus on one timeframe and you don't have access to longterm trends and supports and resistances, but it's better than nothing. It's helps you a lot to realize better waves.

7) Make a journal of your trades. take a picture of every trade you made and write down the results. It'll be your best guidence book in near future.

8) when you came to something that cofuses you, post here to seek for others opinion.

9) take not while you're reading the whole thread ... There's more than just waves discussed here, there are a lot of useful subjects like money management, psychological stuff here. They will help you alot and that's the award for those who read the entire thread, not just first pages and last ones ...


Hope it helps

Regards,
Basber
Trading methods are designed to put the odds in our favor, not predicting.
  • #14,707
  • Oct 3, 2010 8:16pm Oct 3, 2010 8:16pm
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. I know Basber already answered this, but here is a picture to help out.

The NVO Histogram (last I released) is here:
http://www.forexfactory.com/showpost...ostcount=12483

Maybe Basber will include some pics like this in the manual.
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  • #14,708
  • Edited Oct 4, 2010 5:04am Oct 3, 2010 8:44pm | Edited Oct 4, 2010 5:04am
EJ:

On the lookout for possible short setup later.

Edit: Bingo! (2nd chart).
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  • #14,709
  • Oct 4, 2010 4:03am Oct 4, 2010 4:03am
Hello, I am a newcomer, thank you for this great thread !
Studying SonicR (only at the very beginning) and just opened a demo account

I saw a possible short entry this morning on EURJPY (after it went trough dragon channel, I don't understand how traderathome saw that in the previous post resistance I guess..) but I tought it was going against the trend in H1 so didn't take it and took a short on USDJPY which was going with the trend.
I guess I understand the idea in EURJPY of the trend reaching a strong resistance and the general trend in D1 being downward but not sure I understand your reasons..

I also have a question about re-entry, I read in the doc CCI color change, but reading the last pages you don't use that indicator anymore, how do you plan re entry ? It says also "price action, it gives you precise entry" but I don't understand it.

I need to read more pages of this thread
Thank you
  • #14,710
  • Edited 5:59am Oct 4, 2010 5:27am | Edited 5:59am
Quoting Muten
Hello, I am a newcomer, thank you for this great thread !
Studying SonicR (only at the very beginning) and just opened a demo account

I saw a possible short entry this morning on EURJPY (after it went trough dragon channel, I don't understand how traderathome saw that in the previous post resistance I guess..) but I tought it was going against the trend in H1 so didn't take it and took a short on USDJPY which was going with the trend.
I guess I understand the idea in EURJPY of the trend reaching a strong resistance and the general trend in...
The CCI is technical indicator that is a mathematical derivative of PA, and lags PA, like most all "technical" indicators do. Why look at a derivative, when we can look at the "source" itself? .....which we should be doing in order to develop our skill at reading PA.

I have attached a chart showing two re-entry points on the EJ run up. Like with EP itself, the WAVE/HL pattern existed at these two points. And PA pulled back to/into the Dragon before each. Not always will PA pull back as far as to/into the Dragon. So, primarily look for the WAVE, maybe some preceding NVO activity, a pullback towards the Dragon (part of the WAVE) and look for re-entry along the third leg of the WAVE.

EJ might possibly present a re-entry short. I suspect the US session will want some high entry for themselves today, so PA may linger until the US traders start working it. All the better for the euro traders to not monkey with PA now thay they have enjoyed a run down.....let the US traders work it back up a bit, if they have a mind to. That way the euro traders get a second wack at it, but let the US traders do all the work getting it high again! So, that may be when any WAVE and re-entry become defined, if there is to be a well defined one. Just a thought, possibly something along the lines of the 2nd chart. But anything could happen.
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  • #14,711
  • Oct 4, 2010 5:31am Oct 4, 2010 5:31am
Hello everybody Im waithing for gbpusd long setup

what do you say about this?
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  • #14,712
  • Oct 4, 2010 5:43am Oct 4, 2010 5:43am
Quoting Doncex
Hello everybody Im waithing for gbpusd long setup

what do you say about this?
Hello, waiting too. There is a down trend line (blue line on the chart) just in front of EP, could be dangerous
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  • #14,713
  • Oct 4, 2010 5:44am Oct 4, 2010 5:44am
Quoting Doncex
Hello everybody Im waithing for gbpusd long setup

what do you say about this?
it seems true chart,,,,

lets waiting...
A little beginner trader since 2006
  • #14,714
  • Oct 4, 2010 6:10am Oct 4, 2010 6:10am
Quoting pipoca
Hello, waiting too. There is a down trend line (blue line on the chart) just in front of EP, could be dangerous
I agree. Not only due to the TL you mention, but there is a high impact USD Pending Home Sales release in less than 3 hours. The current drive up may simply be to help set it high for the next leg down (yellow WAVE in my chart). The US traders may add some altitude to this too, just before they all pull the rug!

It is possible, and cause to think about protecting profits from this current run up.
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  • #14,715
  • Oct 4, 2010 6:13am Oct 4, 2010 6:13am
Thank you for the quick answer !
Ahhhh I didn't think of that down trend for the GBPUSD and took it.
Think that is why I need to practice in demo, only looked at H1 trend.

You lost me a bit on the explanations but I think I understood with the screenshots, for re-entry we simply look for the same condition of waves and dragon to occur.

I have two question (after that I will keep reading because I think I am asking already answered question)

for the trade on GBPUSD (before seeing that short term downtrend) I was worried about NVO levels, what should I make of that info, them being blue should be a no trade ?

For that earlier EURJPY that was against main trend, why do you take it anyway? Because it's above pivot ? are you placing stop loss closer then ?

Thank you I hope I am not asking too much..
  • #14,716
  • Oct 4, 2010 6:20am Oct 4, 2010 6:20am
EU, Re-entry Opportunity?:

Nice activity setting up for the previous fall, and thru the fall! Now PA, on little activity, is being worked back up, and this may get some help from US traders. And then another leg down for them all to enjoy, something along the lines of the attached pic?
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  • #14,717
  • Oct 4, 2010 7:54am Oct 4, 2010 7:54am
Thx TAH
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  • #14,718
  • Oct 4, 2010 8:08am Oct 4, 2010 8:08am
Could this be considerd a good long, or the are there too many smaller waves in between the big one drawn?
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  • #14,719
  • Edited 9:04am Oct 4, 2010 8:31am | Edited 9:04am
Quoting only20gp
Could this be considerd a good long, or the are there too many smaller waves in between the big one drawn?
As I see it, the problem with trading this pair is the radical swings. It can reverse for 50+ pips in an instant. And the spread is way to large for this kind of risky volatility, imho. But do what you want. Attached is another view. I'll express another opinion here. It seems this pair attracts traders looking for that "fast, big move" in their direction.....greed at work. If I were ever to consider trading this pair, it would be a VERY SMALL trade considering account size.....VERY, VERY SMALL. And I would be prepared to endure 100+ pip swings against me, AS A NORMAL THING, while waiting for enough profit to make taking all the risk worth it. Frankly, I never even bother to look at this pair.

Edit: Add 3rd chart. The more I look at this, the more I'd be waiting for definate sign of break, one way or other. And thinking....down.
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  • #14,720
  • Oct 4, 2010 8:47am Oct 4, 2010 8:47am
Quoting traderathome
As I see it, the problem with trading this pair is the radical swings. It can reverse for 50+ pips in an instant. And the spread is way to large for this kind of risky volatility, imho. But do what you want. Attached is another view. I'll express another opinion here. It seems this pair attracts traders looking for that "fast, big move" in their direction.....greed at work. If I were ever to consider trading this pair, it would be a VERY SMALL trade considering account size.....VERY, VERY SMALL. And I would be prepared to endure 100+ pip swings...
gotcha... but did i get the concept and the entry point right?
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