Sonic R. System

Asian session drive down reached TP2 and closed out the trade for 84 pips profit.

Nice trade TAH!

I am already in this short, but we have a new setup.

TP1 hit.
Might be another run?

dksolo, just a little remark - please be so kind to write a subject with pair you talking about

I took this EU FE with a close SL.
I moved SL to BE +1.

I took this GU

Hi eynshteyn.
Same here.

Hi, i have been reading this tread and have tried to install the older version of EA but i have no idea why when i backtest it, it doesn't have any trade at all.

Therefore i hope someone will directly me to the latest EA of this Sonic R System.

thank you.

There is no EA for SonicR. It is not automated. I believe at one time in the past, Sonicdeejay aspired to have one created. But, to my knowledge, any work on that was never completed. At least, it was never posted here, on the primary SonicR thread. So, I doubt you willl find anything in that regard that functions properly.

Dksolo and Eynshteyn, due to the consolidation pattern, it sure looks like the big boys are using that range to farm their longs off onto the unsuspecting, and switch to shorts. It is a process, and the greater extent to which they are doing this, the longer it takes. The conclusion I draw is that we are in for some nice downside afterwards. I am hanging on to my short trade(s) on the basis of what I see here.

AUDUSD is the same.....heavy consolidation and right around the whole number! I am hanging onto my short trade(s) on this one for the same reason.

Just added again to this short trade, per attached. These additions are not SonicR re-entries. I am just adding at spaced out swing highs, bringing my average EP up, and on the basis that AU is at long term highs and will eventually fall off.

I received this PM from Maestroforex:

"Hello - If I wanted to start with your system and learn more about it - where is a good place to start with the current version? Which page / post?" - maestroforex

Here is my reply, for his benefit and others asking the same question:

A good place to start is page #1, post #1. Start reading and don't stop until you've read the thread. Why? Because as elegantly simple as SonicR is, there are lots of examples along the way.

SonicR has only one version, based on; (1) a trio of 34 ema lines called the Dragon, and (2) an 89 ema called the Trend Line. That's it! The essence of SonicR is learning to spot the best WAVES (higher H/Ls or lower H/Ls) and use the Dragon with Sonicdeejay's entry rule to enter. And use historic PA to set exit target(s). You should be able to trade SonicR on a chart as simple as is shown below.

Indicators have come and gone. You will encounter them all as you read thru the thread. The two indicators shown on the attached chart are Sonicdeejay's unchanged basics. The rest is fluff and by personal choice, not by SonicR mandate. Some here have expressed, in one fashion or another, that the more indicators you add, the harder it will be to achieve the necessary "understanding" of PA (price action), which includes properly seeing S/R areas, and good WAVES vs mediocre WAVES. SonicR is simple and pure, and the less you add to it the better you will master it.

BTW, this thread and the SonicR method are of Sonicdeejay. I am just the unhired help.

The attached M15 applies the FR study, which shows a 50% retrace would take price to the 114.00 whole number area. This is also a S/R area. After an almost 300 pip drop over 3 days, this could pull up some.

And that might yield a SonicR long setup. A preliminary EP Zone is boxed on the chart. The S/R area, or upper whole number would be a target. This would be a counter-trend trade, seeing as how PA seems to have rolled over to progress down. Should such a setup occur, a watchful eye is advisable. Such a move could yield 60-70+ pips.

Edit: Entered long. See 2nd chart. Price was brought down to previous support (blue line) where I entered. All this is happening in area of lower whole number, so a run eventually to next higher whole number (as a retrace per FR study) is entirely posssible. This entry is not a SonicR entry, but an early entry based on reasoning previously stated. Should this become a SonicR long setup, I might add.

We started to break upwards...
Downmove slowed and stopped. Looking for a northern move but I'll wait some confirmation on the 15min chart as its still bearish.

EDIT: 15min chart failed to confirm the up move.

I closed 1.3949 FE entry @ 1.3890 manualy.
I took another pending FE @ 1.3930 targeting 1.3830.
I think to add another @ 1.3890 to 1.3830

TP hit.

This one turned out a gamble more then a trade now considering the news approaching.

short

GU SL hit...