Sonic R. System | Page 865 | Forex Factory

Options

Go to
Permalinks
Print Thread

Similar Threads

Sonic R.evolution 95 replies

The System Behind the System, by Merlin Jeffries 16 replies

Old School Sonic System + Other Things 11 replies

Knife system, Vegas 4h system related questions. 4 replies

Would you trade this system? New system #2. 10 replies

Attachments: Sonic R. System
Exit Attachments

Sonic R. System

  • #17,281
  • Feb 4, 2011 3:21am Feb 4, 2011 3:21am
Quoting nando_rich
Books have many. Predict what will happen, or where the PA will, is impossible. Only S & R and Sonic setups are needed for trading. Sometimes you will gain other lose. But eventually you should be positive at the end of the month. 60-70% of positive operations with a tight money management (min. 1:1 in each trade) is all you need to make money. The rest is a waste of time and concentration to find the right waves.

I recommend you read the post of DDaytrader, if you have not already done so.

Just my opinion.
already read the DD post, he the one who help me to trust the wave (virtually). until now wave trading in sonicR setup give me profit, but kind a curious how people make judgement about price will hold/not hold in certain area to make trend strong/ not strong.
for me, wave tell me to in and S/R tell me to out. but its not tell me the trend strong or not. im curious
SonY, Gold Is Every Where Gold, but Human Not Gold..
  • #17,282
  • Feb 4, 2011 3:38am Feb 4, 2011 3:38am
The day is very choppy. It's usually on friday after big runs like yesterday. The market has to recover. I'm considerating that. I can change of opinion if the PA does a new LL.
Attached Image (click to enlarge)
Click to Enlarge Name: _03-01-2011_gu_1.gif Size: 30 KB
"Being picky only cost your time - not MONEY"...Hans
  • #17,283
  • Feb 4, 2011 3:44am Feb 4, 2011 3:44am
Hi! Followed this thread for a long time. Now desided to write in it. Following you made many good trades, as bad too. Sorry, but most of bad was following TAH. (I do not blame you - There s only my fault) i see most of your trades are not SonicR?
  • #17,284
  • Feb 4, 2011 3:57am Feb 4, 2011 3:57am
Quoting nando_rich
The day is very choppy. It's usually on friday after big runs like yesterday. The market has to recover. I'm considerating that. I can change of opinion if the PA does a new LL.
Order canceled
"Being picky only cost your time - not MONEY"...Hans
  • #17,285
  • Edited 5:55am Feb 4, 2011 4:26am | Edited 5:55am
Quoting nando_rich
The day is very choppy. It's usually on friday after big runs like yesterday. The market has to recover. I'm considerating that. I can change of opinion if the PA does a new LL.
short @ 1.6121.. TP @ 1.6050.. SL @ last High 1.670.. nice wave
edit : sory no chart not @ home
SonY, Gold Is Every Where Gold, but Human Not Gold..
  • #17,286
  • Edited 6:07am Feb 4, 2011 4:51am | Edited 6:07am
Quoting alesha77
Hi! Followed this thread for a long time. Now desided to write in it. Following you made many good trades, as bad too. Sorry, but most of bad was following TAH. (I do not blame you - There s only my fault) i see most of your trades are not SonicR?
Hi there, i dont think TAH give us analysis not to make us follow him, but rather give the information about what happen in the market. every person has analysis of his own but TAH give us the most important thing in analysis, that is comparation study. without TAH analysis i wont be able knowing this much. i'm studi volume and price action in TAH analysis, wave analysis from DD, basber, Domas4. and S/R level from all of them. as for sonic there is no other word than MASTER

just my opinion, may be others can give another insight.

PS: AU making sonicR setup i think.
SonY, Gold Is Every Where Gold, but Human Not Gold..
  • #17,287
  • Feb 4, 2011 4:59am Feb 4, 2011 4:59am
Quoting nando_rich
The day is very choppy. It's usually on friday after big runs like yesterday. The market has to recover. I'm considerating that. I can change of opinion if the PA does a new LL.
Very good analysis Nando. The down scenario looks reasonable, if this down setup will be supported by payrols data...
Attached Image (click to enlarge)
Click to Enlarge Name: Untitled.png Size: 50 KB
  • #17,288
  • Feb 4, 2011 5:01am Feb 4, 2011 5:01am
Quoting noer1962
short @ 1.6121.. TP @ 1.6050.. nice wave
i guess you took the 1h wave...on 15min i can't see a correct wave.
Attached Image (click to enlarge)
Click to Enlarge Name: _03-01-2011_gu_123_1h.gif Size: 29 KB
"Being picky only cost your time - not MONEY"...Hans
  • #17,289
  • Feb 4, 2011 5:06am Feb 4, 2011 5:06am
Quoting noer1962
Hi there, i dont think TAH give us analysis not to make us follow him, but rather give the information about what happen in the market. every person has analysis of his own but TAH give us the most important thing in analysis, that is comparation study. without TAH analysis i wont be able knowing this much. i'm studi volume and price action in TAH analysis, wave analysis from DD, basber, Domas4. and S/R level from all of them. as for sonic there is no other word than MASTER

just my opinion, may be others can give another insight.

PS: AU making...
I agree with you.I like TAH,because he has given us important information.
  • #17,290
  • Edited 5:51am Feb 4, 2011 5:09am | Edited 5:51am
Quoting nando_rich
i guess you took the 1h wave...on 15min i can't see a correct wave.
nope, i see it @ 15M TF.. zoom it and you'll see a text book setup from DD
edit : after seeing sonic post here the setup is different from sonicR v3 manual.. so, i think i let the market decide.
SonY, Gold Is Every Where Gold, but Human Not Gold..
  • #17,291
  • Feb 4, 2011 5:16am Feb 4, 2011 5:16am
Quoting noer1962
nope, i see it @ 15M TF.. zoom it and you'll see a text book setup from DD
Please post with picture..
  • #17,292
  • Edited 5:41am Feb 4, 2011 5:24am | Edited 5:41am
We have a big NFP news coming out..
Big whipping expected..

Ultimately I bet on the rise of USD..
No pic of chart as I m on my way to airport..
Sonic
  • #17,293
  • Feb 4, 2011 5:33am Feb 4, 2011 5:33am
Quoting sonicdeejay
We have a big NFP news coming out..
Big whipping expected..

Ultimately I bet on the rise if USD..
No pic of chart as I m on my way to airport..
Sonic
all pairs of xxx/USD ??

PS : no chart too still not @ home..
SonY, Gold Is Every Where Gold, but Human Not Gold..
  • #17,294
  • Edited 6:36am Feb 4, 2011 6:10am | Edited 6:36am
AU, Various Analysis, SonicR and Other Matters:

First off, as Sonicdeejay just posted, today is the NFP day....high volatility is likely.....whipsawing to take out stops, etc. I remind you that Sonicdeejay often does not trade on Mondays and Fridays. This Friday especialy might be a good one to sit out, at least until an hour or so after the NFP release, and then see how things look.

I see that my AU analysis ruffled some feathers. Well, so did my EU analysis. And we see how that one turned out. And my near term GU analysis, too. I do not apologize for having a difference of opinion from some of you from time to time. I hold no pair sacred. And I am very much aware of the strategies of "Big Money". Liquidity is fundamental in the forex market. It is essential that, for the most part, there is a balance between buyers and sellers. Think about it. What bank/liquidity provider is going to fund everybody trading in the same direction!

So, it is also fundamental that traders get "trapped" and eventually lose, in order for "Big Money" to eventually win.

I did try to be "gentle" in my AU post. I did acknowledge that I did not know how much higher PA would go, only that it was maybe critically high now since there are obvious signs of selloffs......forget the volume bars....I am reading the selloffs from PA alone! Yeah, I don't know what is up with FXDD's New Years volume bars on highest TFs, but I take them with a grain of salt. To satisfy Sonicdeejay's rule of "No pic, no post." I repost that chart here without the volume bars, and it doesn't change anything. And to satisfy any "doubting Thomas" I have added "?" to the title. I did warn against trading long at this point, and I stand by it under the circumstances of the current PA. I concede that if PA relentlessly continues to march upwards, then at some point I might feel safer with a long trade. But not right now.

I also remarked as far as we Sonicers are concerned, there will always be SonicR setups in both directions, because that is the way it is, regardless of trends and everything else!

As for my "performance", my count since the week starting Nov 22, 2010 is 64 trades, 58 closed wins and 6 running trades not yet determined....though 1 is in profit and another is almost so. Of the 58 closed trades, I am averaging 67+ pips per trade. I don't fault the comment about my sometimes non-SonicR trades and sometimes bad entries, because I also do not feel good about such performance. As I have previously stated, I am working to improve.

Also, as I have previously stated, at any time I am willing to cease posting all "analyses, speculations and trade entries" and simply post when I complete a SonicR trade.

Please be careful today, Sonicers.

Regards,
traderathome
Attached Image (click to enlarge)
Click to Enlarge Name: # 365.gif Size: 25 KB
  • #17,295
  • Feb 4, 2011 6:39am Feb 4, 2011 6:39am
Quoting noer1962
already read the DD post, he the one who help me to trust the wave (virtually). until now wave trading in sonicR setup give me profit, but kind a curious how people make judgement about price will hold/not hold in certain area to make trend strong/ not strong.
for me, wave tell me to in and S/R tell me to out. but its not tell me the trend strong or not. im curious
If I understand your curiousity right, here's what I have in mind while judging about a particular Trendline or S&R zones. These situations make this lines/zones stronger, so their break will be strong too.

** More price touches and respected (reversed) at the level (TL or S&R), stronger the line.

** Higher the TF, stronger the line

** More volume while price is at that level, stronger the line

** More valid through the time, stronger the line. (Apply for TLs)

These are more important factors that I have in mind.

Again, by "strong level" I don't mean it will not break, it means IT PAYS TO WATCH THAT LEVEL MORE CAREFULLY.

Hope it helps

Regards,
Basber
Trading methods are designed to put the odds in our favor, not predicting.
  • #17,296
  • Feb 4, 2011 6:42am Feb 4, 2011 6:42am
Kindly post the link to DDaytrader's analysis you talked about.

Thanks.

Quoting nando_rich
Books have many. Predict what will happen, or where the PA will, is impossible. Only S & R and Sonic setups are needed for trading. Sometimes you will gain other lose. But eventually you should be positive at the end of the month. 60-70% of positive operations with a tight money management (min. 1:1 in each trade) is all you need to make money. The rest is a waste of time and concentration to find the right waves.

I recommend you read the post of DDaytrader, if you have not already done so.

Just my opinion.
  • #17,297
  • Edited 7:03am Feb 4, 2011 6:48am | Edited 7:03am
Quoting watchout4me
Kindly post the link to DDaytrader's analysis you talked about.

Thanks.
Find any ddaytrader post. Click on his name and it will take you to where you can click on his "activity", or number of posts. Then you will have a list of all ddaytrader's posts to browse and study.
  • #17,298
  • Feb 4, 2011 6:52am Feb 4, 2011 6:52am
Quoting nando_rich
Books have many. Predict what will happen, or where the PA will, is impossible. Only S & R and Sonic setups are needed for trading. Sometimes you will gain other lose. But eventually you should be positive at the end of the month. 60-70% of positive operations with a tight money management (min. 1:1 in each trade) is all you need to make money. The rest is a waste of time and concentration to find the right waves.

I recommend you read the post of DDaytrader, if you have not already done so.

Just my opinion.
It's not neccesary to have a 1:1 Reward/Risk ratio to be profitable. It's a combination of both "Reward/Risk ratio" and "WinRate". Results of following situations is the same :

WinRate = 80%
R:R = 0.7 (7 pips profit for every 10 pips risk)

Win = 40%
R:R = 2.4 (24 pips profit for every 10 pips risk)

The thing is the trader himself/herself should fine his/her own comfort zone. There is no right way in trade management. Yes, there are some general approaches, but no exact method.

After all, I just wanted to say it's not neccesary to have minimum 1:1 Reward/Risk ratio. The combination of both R:R and Winrate should make the trader profitable. He/She must see reaching which situation is in his/her comfort zone, having a high R:R or a high Winrate.

Trade Management is one of the hardest tasks in this business, because there is no "right way", it all depends on trader's experience ..

Regards,
Basber
Trading methods are designed to put the odds in our favor, not predicting.
  • #17,299
  • Feb 4, 2011 7:09am Feb 4, 2011 7:09am
AU:

Now a SonicR short setup. This is NOT a recommendation to jump in! NFP release comes in about 20 minutes! It might be interesting to watch what happens, though. If AU does start to go bearish, there will be lots of opportunities starting next week.
Attached Image (click to enlarge)
Click to Enlarge Name: # 366.gif Size: 30 KB
  • #17,300
  • Feb 4, 2011 7:13am Feb 4, 2011 7:13am
Quoting nando_rich
Hi Basber I have a question if you allow me:


1. Do you follow any specific strategy to move your SL to BE? Have you fixed amount of pips?

2. Do you use partial-lots for each trade? if so, how do you admin your trade? 50% in the first S & R zone and 50% for huge profit?

Could you explain a bit about your strategy?

Thanks in advance.
Hi Nando,

I usually bring my SL ro BE at minor S&R zones or @ round numbers. I rarely use fixed amount of pips or automatic trailing stop to bring SL at a certain level.

Most of the time, when I move my SL to BE or in profit, I took partial profit, but it's not neccesary 50%-50%. It depends on how many TPs that I have. If I intend to keep my trade longer than usuall (when I expect to have a big run in my direction - for example trend breaks or major S&R reversals), I usually close 10-20 percent of my trade when I bring SL to BE.

After all, it's hardly depends on market situation and what I feel about market movements. It's not a fix rule for me ..

By the way, sorry for the late response ...

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