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Sonic R. System

  • #19,801
  • May 1, 2011 9:29am May 1, 2011 9:29am
Quoting sonicdeejay
Bias: Slightly Bullish
Next stop: 1.50xx and 1.510x level
Resistance: 1.458x level

We had a bullish bar in W1 TF... It had extremely up bars during early week but the stalled began later week...

I think the price might have another final push to 1.5x to 1.51 level...before the drop occurs..

Trade Safe Ppl..
Sonic
Hi
Nice thread
Am i the only one say No 1.50 everybody say 1.50
  • #19,802
  • May 1, 2011 11:10am May 1, 2011 11:10am
Quoting sonicdeejay
Give TAH..time for final coding.. He has been a gr8 contributor..
As for fan page.. I will need 25 lik for custom url..


Sonic
I joined. At least I think I did, because all I saw there was a testimonial for some weight loss stuff. So, I am not sure I joined the right club!

Maybe it would be a good idea, Sonic, if you started a discussion on something regarding this thread, or forex in general.....something to help people know they arrived at the right club.
  • #19,803
  • May 1, 2011 11:28am May 1, 2011 11:28am
Quoting egkid
Hi
Nice thread
Am i the only one say No 1.50 everybody say 1.50
It will be rather risky to start adding short, unless one can stomach drawdown of 300-500 pips or so...

The chart will show when the times come...

Glad to see you around... egkid,,


Sonic
  • #19,804
  • May 1, 2011 12:43pm May 1, 2011 12:43pm
here is a link to Sonic R fan page if Sonicdeejay don't mind that I'm posting it here
  • #19,805
  • May 1, 2011 12:52pm May 1, 2011 12:52pm
Quoting GDR3k
I find this system to be very profitable on the 1M timescale, as I only really get to trade before and after work.
I just checked it for the last 3 trading days in EUR/USD and you seem to make a very good point indeed.

I have following remarks to make in that case:

Trading it in 1M timeframe, you can only use it in 1 currency pair maximum as it takes total concentration, a high degree of discipline and constant monitoring (5-10 pips stoploss maximum and t/p 5-10 pips as well). In other words, it can do it' s job even as a scalping system if you have good spreads and direct market access (DMA). This makes it however very labour intensive. On the positive, it produces well over 10 trading signals per session (it doesnt seem to trade as well in NY session on first glance), which means you have ''opportunity'' on your side. (= you can repeat your ''edge'' more often, so you make probability work in your favour).

My early statistics on the 1 M timeframe indicate a succes ratio of 70%.
Or 7 winners and 3 losers on average per trading session. This is very good, and if you are disciplined with your stops, it offers very good value. As you can take home (7*5) -(3*5)= 20 pips per session with limited risk... I sign for that!!!


I was always told by a contributor here that this system is best in 15M timescale. This may well be true, but in that timeframe SonicR produces 2-3 signals per day (Sonic DJ correct me if I am wrong). As a fulltime trader, I am then not using my trading capital well enough, and it becomes more a ''home run'' system, i.e, you are gunning for the bigger 40 + pips moves, but you also go more deep into the negative and miss opportunity... It all depends what ones performance goals and requirements are....

Traditio
  • #19,806
  • May 1, 2011 1:51pm May 1, 2011 1:51pm
Hi dear Sonicers,

It's really nice to see this thread grew like this. I remember a time that only few posters was active here .. But now it's different, because good stuff will absorb it fans. Big thanks to TAH for keeping this thread more active and many other traders who put their time to help other people even with sharing their own weaknesses. I really like to contribute here again, but I really don't have enough time, but I believe it will be okay on summer.

I've found many friends and have learnt many useful stuffs here. Don't want to miss it. Wish me luck, as I do for all of you guys ...

Best Regards,
Basber
Trading methods are designed to put the odds in our favor, not predicting.
  • #19,807
  • May 1, 2011 3:03pm May 1, 2011 3:03pm
Quoting sonicdeejay
It will be rather risky to start adding short, unless one can stomach drawdown of 300-500 pips or so...

The chart will show when the times come...

Glad to see you around... egkid,,


Sonic
Thanks Dear bro
Everyone trade depends on his MM , TF
I swim my own race and don't let other do my own thinking and here it's 2 reasons for my comment in previous post

PS:For newbie Always remember market do whatever it like
DX chart
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  • #19,808
  • May 1, 2011 3:09pm May 1, 2011 3:09pm
Quoting Basber
Hi dear Sonicers,

It's really nice to see this thread grew like this. I remember a time that only few posters was active here .. But now it's different, because good stuff will absorb it fans. Big thanks to TAH for keeping this thread more active and many other traders who put their time to help other people even with sharing their own weaknesses. I really like to contribute here again, but I really don't have enough time, but I believe it will be okay on summer.

I've found many friends and have learnt many useful stuffs here. Don't want to...
I really miss you, Basber; look forward to your renewed participation in summer!
  • #19,809
  • May 1, 2011 8:15pm May 1, 2011 8:15pm
A nice run down to do stophunting..
Can make a quick $$ if you *really* know how,,
1.478x lvl is a nice support for now..


Sonic
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  • #19,810
  • May 1, 2011 10:23pm May 1, 2011 10:23pm
EU:

Entered short. SL is tentative. Actually, I am watching this like a hawk. I might add it if pulls back up to whole number, or even the DPV. But if it goes past the last high, goodbye.
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  • #19,811
  • May 1, 2011 10:57pm May 1, 2011 10:57pm
AU:

A hard volume push backup to highs. Then price drops . Then a hard drive back up on a single bar, followed by a harder drive down on a single bar. This is beginning to look bearish.
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  • #19,812
  • May 1, 2011 10:59pm May 1, 2011 10:59pm
GU:

Entered short.
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  • #19,813
  • May 1, 2011 11:10pm May 1, 2011 11:10pm
EJ:

Some heavy trading at the last highs.

Seems like some pairs might roll over this week. Or, is this just a reaction to the US Special Ops delivering the goods? .......Bin Laden's sorry ass body at the feet of the US President Barrack Obama!
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  • #19,814
  • May 1, 2011 11:37pm May 1, 2011 11:37pm
Nice and valid short...

Careful thou TAH...

Vol seem pickin up whenever it go low..Just a goose bump..

Sonic

P.S Obama says Osama is dead.. lolx
  • #19,815
  • May 1, 2011 11:43pm May 1, 2011 11:43pm
Breaking News:
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  • #19,816
  • May 1, 2011 11:52pm May 1, 2011 11:52pm
Quoting sonicdeejay
Nice and valid short...

Careful thou TAH...

Vol seem pickin up whenever it go low..Just a goose bump..

Sonic

P.S Obama says Osama is dead.. lolx
Thank you, Sonic, for your words of caution. It is likely that any move down will include some kind of pop up associated with the London Open.
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  • #19,817
  • May 1, 2011 11:59pm May 1, 2011 11:59pm
morning fellas

today we have holidays almost over all Europe. TAH, London will not open today
  • #19,818
  • Edited 1:24am May 2, 2011 12:31am | Edited 1:24am
Quoting kimis
morning fellas

today we have holidays almost over all Europe. TAH, London will not open today
Morning, Kimis. Yes, but there is no mention of a German bank holiday. In fact, the German bank holiday was Friday. So, starting with the Frankfurt Open, we might see some action. Maybe yes. Maybe no.
  • #19,819
  • May 2, 2011 12:35am May 2, 2011 12:35am
Nando_rich, check your email. I sent an indy to you for you to help field test it. Please let me know ASAP that you received the indy file. As you test it, please give me some feedback. Thanks.
  • #19,820
  • May 2, 2011 12:41am May 2, 2011 12:41am
No, Germany is working, France, UK, Swiss and Italy are lazy today. Have heared that London makes about 40% of all FX

anyway, I'll be out of PC all day and will no take any trades
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