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Sonic R. System

  • #14,981
  • Nov 4, 2010 9:53am Nov 4, 2010 9:53am
Quoting dksolo
any comment?

yes, i think it is not sonic!!!
dragon go up and we are over EMA 89

but i am new so sorry if i mistake

bye
  • #14,982
  • Edited 11:20am Nov 4, 2010 11:09am | Edited 11:20am
Quoting dksolo
any comment?
I am late to read your post. At the time you might have been a bit early to trade this. As the previous poster noticed, the Dragon was not yet angled down. PA has been upwards for several days, so getting the Dragon to be angled down would be nice confirmation. Even better if PA started to proceed below Trend Line (also, as the previous poster noted).

At the time of my posting this reply, PA has just dropped below local support, which might now become resistance. The Dragon is angled down. PA is close to dropping below Trend Line, but not quite yet. Another pull up and then another drop might do it. But, PA has done this before and just quickly reversed to go on to make yet another leg up. So in this case, a drop thru the Trend Line and then a pull up to retest it might be the thing to look for. And if that happens, at the time it could be a brand new SonicR setup, because between now and then PA might go back up above the Dragon.

Currently, it is late now in the day. Tomorrow is the last day. Could it be a bang up day for a whopping drop? Or will it happen next week? Who knows, but unlikely today. BTW, note the Medium Impact EUR releases tomorrow. The High Impact EUR release today must not have been that good because price was jacked up beforehand and has been dropping since...as though the Big Guns knew what was coming. If tomorrows releases are not good, it could add further downside momentum. And if the Big Guns suspect as much, there might be another "beforehand" upswing.
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  • #14,983
  • Nov 4, 2010 11:32am Nov 4, 2010 11:32am
I tried to use NVO as TAH did.
I saw selling pressure and a wave. Danpa told once Sonicers are also trading waves.
My entry was a FE which cost me 40 pips at eu yesterday but at the time price crosses 114.77 dragon also is going to point down.
This was the logic behind this trade. Thank you very much for your comment.
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  • #14,984
  • Edited 2:11pm Nov 4, 2010 12:31pm | Edited 2:11pm
Quoting dksolo
I tried to use NVO as TAH did.
I saw selling pressure and a wave. Danpa told once Sonicers are also trading waves.
My entry was a FE which cost me 40 pips at eu yesterday but at the time price crosses 114.77 dragon also is going to point down.
This was the logic behind this trade. Thank you very much for your comment.
Dksolo, NVO and Volumes Enhanced indys can be helpful. But do not use them alone as the basis for trading decisions. What I mean to say is, if there is a SonicR setup AND there is high trading activity just previous to, or leading into the setup, then you have some extra "confrimation". But, as we have already discussed, there were some "problems" with the basic setup here.

As an update on PA progress, believe it or not, as the day winds down PA has just breached the Trend Line. Will it drop hard today?! Even if it does, my guess is that we should get another SonicR short setup tomorrow, and that would be the one to wait for; another test/breach of the S/R line before any substantial momentum downwards.

Edit: Added 2nd chart. It is H1 with Dragon and Trend mirrored to the M15 configurations. The FR study (based on current low of current run down) shows a pull back to the 50% - 62% levels takes PA up to the whole number area again. If the Big Guns are going to start running it down, I'd be expecting such a pull up first. But, that is speculation. Anyway, I added this chart to help show what could happen with getting another SonicR setup tomorrow.

Let the market decide.
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  • #14,985
  • Nov 4, 2010 1:40pm Nov 4, 2010 1:40pm
My thanks to TAH and Mauroby, after your posts i realized that i took a greedy trade which is not related to sonic, only this time PA went in my favor. I moved SL to BE +1 and waiting a proper sonic entry.
Let the market decide...
  • #14,986
  • Nov 4, 2010 1:55pm Nov 4, 2010 1:55pm
Well, this trade continues to be a big joke on myself. Nevertheless, I have added again. I am running low on enthusiasm for this one, but eventually it will turn.
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  • #14,987
  • Nov 4, 2010 2:04pm Nov 4, 2010 2:04pm
I have also added to this one.
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  • #14,988
  • Nov 4, 2010 6:44pm Nov 4, 2010 6:44pm
I prefer to trade 5min charts. Do u think the Ep should be still 10 pips beyond the or is it just a little bit too much for sonic trading on 5min tf?

Quoting traderathome
I was reading thru early posts last evening and thought to make a post on EP, as a refresher for Sonikers and folks new to Sonicdeejay's thread.

Sonicdeejay has stated that EP should be decided upon after the candle that runs out of the Dragon is closed, and that EP should be beyond the close of that candle. He has stated that he prefers to select an EP that ends in the numbers "4" or "7", and he also states that he prefers to select an EP that is a mnimum of 10 pips beyond. Reflecting on this, EP should be no closer than the next price that...
  • #14,989
  • Nov 4, 2010 6:51pm Nov 4, 2010 6:51pm
Quoting selenic
I prefer to trade 5min charts. Do u think the Ep should be still 10 pips beyond the or is it just a little bit too much for sonic trading on 5min tf?
Selenic, the prices are the same on an M5 as they are on an M15. Only the Dragon and Trend Line are different. By using the M5 as your trading chart, you are attempting to "get in early". That is fine, but you subject yourself to greater exposure to "head fakes", or entering on short lived runs.

Nowhere does Sonicdeejay say you should alter the rules for picking EP just because you decide to trade a lower TF chart. However, you might go back a page and read ddaytrader's post on EP, and consider that approach.
  • #14,990
  • Nov 4, 2010 6:54pm Nov 4, 2010 6:54pm
Quoting traderathome
Selenic, the prices are the same on an M5 as they are on an M15. Only the Dragon and Trend Line are different. By using the M5 as your trading chart, you are attempting to "get in early". That is fine, but you subject yourself to greater exposure to "head fakes", or entering on short lived runs.

Nowhere does Sonicdeejay say you should alter the rules for picking EP just because you decide to trade a lower TF chart. You might go back a page and read ddaytrader's post on EP, and consider that approach.
Thanks for the quick reply. I know 5min exposes me to fake breakouts but really suits my personality more.
Off topic: do u still trade Thv system too?
  • #14,991
  • Nov 4, 2010 7:08pm Nov 4, 2010 7:08pm
Quoting selenic
Thanks for the quick reply. I know 5min exposes me to fake breakouts but really suits my personality more.
Off topic: do u still trade Thv system too?
No. I have to say that I am more comfortable with SonicR because it is less "indicator intensive". I consider Cobra, Caveman, MissPips and others over there as very dear friends. And over time I have upgraded the TzPivotsD indicator for THV. But I am just more comfortable with the SonicR method.....kinda like you are more comfortable using M5 as your trading chart rather than M15. THV is designed as a scalping method. And the fine folks over there are quick-to-react traders, and can make that method "sing". I guess I am just too slow for that kind of trading; slower than you also probably.
  • #14,992
  • Nov 4, 2010 7:45pm Nov 4, 2010 7:45pm
Quoting traderathome
No. I have to say that I am more comfortable with SonicR because it is less "indicator intensive". I consider Cobra, Caveman, MissPips and others over there as very dear friends. And over time I have upgraded the TzPivotsD indicator for THV. But I am just more comfortable with the SonicR method.....kinda like you are more comfortable using M5 as your trading chart rather than M15....
Just noticed, page #1000!!
  • #14,993
  • Nov 4, 2010 8:47pm Nov 4, 2010 8:47pm
Quoting traderathome
Piphunter, Sonicdeejay's recommended trading hours is just plain smart. Those are the highest volume hours each day; the opening of the euro market which includes the first part of the London market, and the first part of the US market together with the last of the London market. And the higher volume tends to increase the momentum of moves, helping to assure, by and large, better runs than in the other hours.
Hi TAH:

thanks for your very detail reply. I am currently trading on MA cross system, which is very similar to Misspips' "rainbow". I have one question searching for answer is, should we change the MA periods to suit the market condition? and How? have anyone try to develop MA base indicator that can adapt the market volatility changes, in order to provide better Wining odd and work on all markets? Please advise

I found Sonic R works very well on major forex, but when apply to stock index, the wining odd reduce.

cheers
pipphunt
seeing through
  • #14,994
  • Nov 4, 2010 8:57pm Nov 4, 2010 8:57pm
Quoting traderathome
Well, this trade continues to be a big joke on myself. Nevertheless, I have added again. I am running low on enthusiasm for this one, but eventually it will turn.
Hi TAH:

I am not sure wheather adding the position is part of your money management, or not. I face the similar situations in my earlier trading year. Then I opened limit risk account with IGmarkets, their dealing system forces me to place stop before opening the position. this helps develop my MM habit. I know some trading guru prefer not to putting stop order in dealer's system. it really is personal stuff.

good luck
seeing through
  • #14,995
  • Nov 4, 2010 9:16pm Nov 4, 2010 9:16pm
Quoting dksolo
My thanks to TAH and Mauroby, after your posts i realized that i took a greedy trade which is not related to sonic, only this time PA went in my favor. I moved SL to BE +1 and waiting a proper sonic entry.
Let the market decide...

It's certaintly up trend in the 1H TF. However if you trade in M5 and trail stop closely for quick scalping. it's still a good trade, if the M5 scalping is part of your plan.
seeing through
  • #14,996
  • Nov 4, 2010 9:19pm Nov 4, 2010 9:19pm
Good situation here.....TL break and retest, and EP right below DPV.
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  • #14,997
  • Nov 4, 2010 9:40pm Nov 4, 2010 9:40pm
Quoting hinemihi1
Thanks Cardinale

I managed to fumble my way copying and drawing on chart image. Really appreciate your advice

Can anyone tell me in New Zealand time when the London and New York markets open. The vertical time lines on the template I downloaded appears to be incorrect. It is showing the London market opened 2 hours ago. These lines are a wonderful idea by the way

It is 8:04pm where I am right now...
THIS may help you ...

Regards,
Basber
Trading methods are designed to put the odds in our favor, not predicting.
  • #14,998
  • Nov 4, 2010 9:42pm Nov 4, 2010 9:42pm
Quoting dksolo
I tought resistances in the channel might work.
Channels are usually for taking profit, they are not that strong to give entry signals.

Regards,
Basber
Trading methods are designed to put the odds in our favor, not predicting.
  • #14,999
  • Nov 4, 2010 9:43pm Nov 4, 2010 9:43pm
Quoting hinemihi1
After finally being able to sort out how to copy and draw on image. I am ready to present my first Sonic R trade using a demo account

After timing I know but hopefully will get better at posting before the event occurs within the next day or two

I have attached 2 images with this message and will post a 3rd in my next message as I have used up the required message space

Attachment

Attachment
Very Very late entry ... You should've entered a lot earlier.

Regards,
Basber
Trading methods are designed to put the odds in our favor, not predicting.
  • #15,000
  • Nov 4, 2010 9:45pm Nov 4, 2010 9:45pm
Quoting Wally1953
Long EC

Hi Folks, been away for awhile. Let's see if this works out...

Attachment
I said this many times before, but it worth to say it again. It's better not to consider a single candle as a wave ... it's much more better to see a SWING as a wave, not a single or a few candles ... more candles, clearer wave, better entry, higher rate of success ...

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