Sonic R. System

All closed...4 trades today...1 negative, 2 positive & 1 BE.

Another positive week with sonic sistem...+118 pips. No bad for me.

Now to keep learning.

Thanks for all.

I am new to reviewing the Sonic R threads and posts. Could someone please direct me to the best and most current summary of the Sonic R method if such a summary exists? Thank you.

The whole thread is the best and most current summary of the SonicR to be exact.
Start to read it. Good homework for the weekend.

PositivePip, I thank you for jumping in with your absolutely correct reply.

Such questions about the method, or parts of it like, "How do I use the 89ema?", or "How do I use volume?" have already been answered over and over again thru the thread. We just don't have time to keep doing it repeatedly.

The method is simple, and is based on the 34ema, PA WAVES around it, and a keen eye to historic S&R and consolidatioin levels. The "Tunnel Dragon" form of the 34ema helps us to create a defining rule for the entry level (just a few pips beyond the end of the 1st candle out). The 89ema Trend line shows the "immediate" trend ; stick to Longs when PA is above and Shorts when PA is below. Both the Dragon and Trend line should be angled in the direction of the trade at entry. And S&R/consolidation areas are for more than just setting targets. They also serve to invalidate an entry if one exists just beyond! Knowing and USING knowledge of S&R/consolidation areas, is paramount in the SonicR method.

THAT'S IT! Yes. Ask ddaytrader, because he uses no sub-chart indicators! He used to, but realized it truely is all just about PA Waves about the Dragon, the angle of the Dragon at entry and a keen eye for S&R! He even discarded the Trend line! And he had the cleanest charts of all, together with fantastic trades! Developing a feel for the "best" WAVES about the Dragon avoids a lot of the headfakes. And if even then, there were headfakes, ddaytrader was quick to react; closed and immediately reopened in the oppositie direction.....a skillfull technique we have not talked about much, and we should! Because, if there is a great setup in prime hours, but PA reverses, the odds are great that the reversal move will be a good one.

So, it really is all about reading PA (WAVES, S&R/consolidation levels) and the Dragon......AND........trading the usually best hours of the day (London open to close), on the ususally best days of the week (Tuesday-Thursday). Moves following a SonicR setup are not always 50-100+ pip moves. Depending on "market conditions", a perfectly good move might go only 20-40 pips. These "market conditions" are not usually the best during the 1st and last days of the trading week, nor during those hours outside of the London open-close timeframe. So, when trading during those times when "market conditions" should not be expected to be at their best, think in terms of those fewer pips, and be happy.

Adding other "stuff" just serves to defocus from developing the skills ddaytrader developed. They can be used for "confirmation" but not for "prediction". And everybody has their favorite own "stuff" to burden the method down.

Of all the other "stuff", at this time the most predominate is volume (either NVO or full volume bars indicators). Just look for increased activity DURING the PA WAVE movements that create the SonicR setup, as confirmation of "support" for a breakout with less chance of reversing. Other "stuff" includes CCI, MACD, QQE and Stochastics, and (add your own flavor). Items like these, used "for confrimation" might be OK. But they should never be used for prediction! The goal of every Soniker should be to.......(drum roll, please).....have a chart FREE OF SUB-WINDOWS!

I hope this helps everyone.
-TAH

Great post

Regards,
Basber

Nice trade but the position is too early in my opinion..which made u carry relatively higher risk..

Sonic

Homework For Sonickers:

Look at the attached Picture #1. All you see is the Dragon, Trend, best trading hours, and blue/red lines.....support and resistance, in one form or another.

I would encourage all to try an experiment. For one week, trade with a chart like this without sub-windows. For any forex pair you anticipate trading, construct this chart. Here is how you can set it up, using EU as an example.

1. Start with the EU Daily chart. Add these SonicR indicators; Chart Panel, Clock Panel, FFCal Headlines, Dragon and Trend. And make these changes. Use the smallest configurations of the Chart and Clock Panel indicators. In the Chart Panel, turn "Levels" on, set "Apply_Default_Color_Selections" to "false" to employ the External Inputs colors. In the "Levels Settings:" section turn all lines off, change the whole number color to "LimeGreen", line style "2", thickness "1". Also, in the "vLines Time Settings:" section, change the "Trading_Stop_Time" from "15.0" to "16.0". The Clock Panel indicator should be "Off" until you want view it.

2. You now have a template. Save it with a name not specific to any individual forex pair, such as "#01 sonicr basics - 00".

3. Next, use the MT4 Horizontal Line Tool to draw several S&R lines above and below the current price. Make the lines above Crimson/dotted and the lines below MediumBlue/dotted. Be sure to check the box that makes the lines "background" lines. For EU, your Daily chart should look like Picture #2.

4. Now change the chart TF to the M15. Your chart should appear as in Picture #3. Your Daily support and resistance (blue/red) lines appear, together with the RgH/RgL lines, the whole number lines (LimeGreen), and the vertical time lines marking the best trading hours. Your chart looks exactly like in Picture #1, except your whole number lines are all LimeGreen. New indicator code will later fix that.

5. You have now created a template, specific for the EU pair, that includes your hand drawn Daily S&R lines! Save it with a pair specific name such as "#01 sonicr basics - eu". You can create templates for each pair you trade by starting with the template "#01 sonicr basics - 00" on the Daily chart, and adding the several S&R lines above and below the bid and then resaving that template using the pair letters in the template name. For example, save one for EJ as "#01 sonicr basics - ej". One for the USDCHF would be "#01 sonicr basics - ucf".

The experiment is this. For one week, trade your pairs just using this template that you have created for each specific pair. Do not use sub-widnow indicators. It is an experiment in developing a nack for using proven significant S&R levels, the Dragon and Trend, and a developing focus on how PA interacts with them! Look for the best WAVES during the best time of each session, with an eye on watching how PA moves between the S&R levels.

From time to time, as price moves across your Daily S&R lines on your pair specific charts, you will have to change the color of a line, or add a line, and then resave that pair specific template. And there is no indicator available, to my knowledge, that produces Daily S&R lines as accurate as we can do by hand and eye. SonicR is elegantly simple, and the task of creating and maintaining your Daily S&R lines/pair specific templates is meager indeed!

Regards,
-TAH

NICE POST!!!!

I have to prove that experiment the next week...it sounds good...simple and effective.

I was just thinking that more trouble is to determine, looking at high TF if it is better idea to look for longs or shorts setups.

It could be interesting for every Monday to show you the s & r we have defined in the daily chart to see if we agree in the same areas.



Every time I read your posts, I feel that I am a teenager in the trading ... LOL.



Regards.

AU:

I have 4 trades running from last week. This is one of them. Note the last "Spinning Top" / "indecision" candle on the H4 chart, which created the last high. This was followed by a bearish move down. And today the price was gapped down below short term resistance.....all quite bearish.

However, on the H4 chart the Dragon and Trend are angled up. So, even if price moves down, it might be just for a bounce off some significant level below and followed by another move back up. Hence, this might start ranging. And without some catalyst to cause the price to move, it might range throughout the rest of December.

I have boxed some other Spinning Top candles showing trader's indecision about the price, and used them to construct a support line and a resistance line, which I have added to the M15 chart.

If Price moves down to the area of the support line, a whole number area about 40 pips below current price, I might close this trade there. And then look to see if price goes lower, or stays in a range.

GU:

Another of the 4 trades from last week. M15 shows two WAVE configurations of different time spans. Either way, this is a setup now.

im still holding short , tp around 3085-3095 support , tp2 1.2978 another support
below under 1.3420 , we are still under downtrend..

Cool. thx.

Hi:

i'm long on EJ since 111,09. The PA is breaking a range zone...

we'll see...

Regards.

Im waiting for gbp/usd short setup

What is your SL ?

EJ:

Another of the 4 running trades from last week. Just added at 111.24, for new EP average of 110.94 short.
Edit: Updated chart. Added again at 111.34. New EP is 111.02.

The red line in the chart...110,65.

EU:

PA just made lower high. Trend is angled down, and Dragon might be soon also.

As attached

TP reached?? Congrats