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Sonic R. System

  • #20,861
  • May 23, 2011 6:25am May 23, 2011 6:25am
Quoting Sunbrella
Wow, just to make it clear for everyone: it was a SonicR trade on M5 timeframe, EP was 1.43191. This high probability set-up was supported by my EWT based speculation (see my #20792 post). That's all.

If this scenario continues to develop, current upward correction may end @ ~1.4040 - 1.4050 range. Then I expect the last down move of this first leg starting down from the friday peak, targeting 1.395-1.385 range. Then I expect ~50-62% retracement from the bottom of this wave down (~1.415x - 1.419x, second leg, followed by the third down). And...
This is a perfect example pointing to the wisdom in Sonic's rule for posting....

....."No pic., no post."

Please, sonikers, when posting a trade, or the likelyhood of a trade, post a pic. clearly depicting what it is you see. Thank you.

Regards,
-tah
  • #20,862
  • May 23, 2011 6:29am May 23, 2011 6:29am
Quoting traderathome
This is a perfect example pointing to the wisdom in Sonic's rule for posting....

....."No pic., no post."

Please, sonikers, when posting a trade, or the likelyhood of a trade, post a pic. clearly depicting what it is you see. Thank you.

Regards,
-tah
TAH, pic is in the referred original post, but for lazy guys here is the direct link:
First post: http://www.forexfactory.com/showthre...80#post4632380
Second post: http://www.forexfactory.com/showthre...77#post4632477
Mind the gap
  • #20,863
  • May 23, 2011 6:30am May 23, 2011 6:30am
Quoting Sunbrella
Wow, just to make it clear for everyone: it was a SonicR trade on M5 timeframe, EP was 1.43191. This high probability set-up was supported by my EWT based speculation (see my #20792 post). That's all.

If this scenario continues to develop, current upward correction may end @ ~1.4040 - 1.4050 range. Then I expect the last down move of this first leg starting down from the friday peak, targeting 1.395-1.385 range. Then I expect ~50-62% retracement from the bottom of this wave down (~1.415x - 1.419x, second leg, followed by the third down)....
I myself don't trade M5, but if you want to trade it, it's better not to be this counter trend. It works better in range market with the support of Major or monir S&R zones.

Regards,
Basber
Trading methods are designed to put the odds in our favor, not predicting.
  • #20,864
  • May 23, 2011 6:33am May 23, 2011 6:33am
UChf:

Daily - Starting the week off bullish, PA is at an interesting level now. Note the higher than average volume followed by "starting" volume at the lows many days ago.

Hour - A pullback now, from the TL, might present a SonicR re-enty long opportunity, if you believe this will achieve the breakout of the TL.
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  • #20,865
  • May 23, 2011 6:33am May 23, 2011 6:33am
Quoting Basber
I myself don't trade M5, but if you want to trade it, it's better not to be this counter trend. It works better in range market with the support of Major or monir S&R zones.

Regards,
Basber

yess it is right basber but: What do you think about that combination ?

bigpic/bias H4 and entry M15
bigpic/bias H1 and entry M5

great combination for me _ it works since over 1,5 years



enigma4x
enjoy my life ... and ride the waves - all what I do
  • #20,866
  • May 23, 2011 6:39am May 23, 2011 6:39am
Quoting Basber
I myself don't trade M5, but if you want to trade it, it's better not to be this counter trend. It works better in range market with the support of Major or monir S&R zones.

Regards,
Basber
OK, you are right, it was imprecisely formulated: M5 was used for timing purposes only (entering the market), not for the trade itself.
Mind the gap
  • #20,867
  • May 23, 2011 6:39am May 23, 2011 6:39am
Quoting enigma4x
yess you are great basber - u know that. i red some old posts this weekend. realy great ... and was learning a little bit

but there was a clear sonic setup in m15 not in H1 right but I understand sunbrella trade ...

I hope we see some setups from you in future. I´m glad that you are a part of sonics team.


enigma4x
I've posted many live setups in past, which were show the effectiveness of this method and also how I pick the best setups.

But the thing is, after all these years of trading and studing, I found out the technical methods and systems are only a small portion of this business. Many believes that Technical methods and systems covers only 10% of what it takes to make one constantly successful. As you said, it's all about psychology, risk control and trade management. So it's been a long time that I focus on psychologoly part of this business in this thread. I hope my posts was useful to at least some traders.

There are many traders here who are discussing technical matters, so I think it's my duty to cover some psychological matters. If you review my posts through past year, your see many of them are in this field.

Regards,
Basber
Trading methods are designed to put the odds in our favor, not predicting.
  • #20,868
  • May 23, 2011 6:41am May 23, 2011 6:41am
Quoting Sunbrella
TAH, pic is in the referred original post, but for lazy guys here is the direct link:
First post: http://www.forexfactory.com/showthre...80#post4632380
Second post: http://www.forexfactory.com/showthre...77#post4632477
My apologies. I fell victim to confusion. Basber commented about Sumeet Malik's short trade, for which there was no setup. Then enigma responded with a statement saying he understood your short trade. All the more reason that every such post should have a pic, or at least a link back to an appropriate pic, so as to make the reading and understanding of this thread easy for all, now and into the future when new Sonikers take this course.

Regards,
-tah
  • #20,869
  • May 23, 2011 6:43am May 23, 2011 6:43am
Quoting Basber
I've posted many live setups in past, which were show the effectiveness of this method and also how I pick the best setups.

But the thing is, after all these years of trading and studing, I found out the technical methods and systems are only a small portion of this business. Many believes that Technical methods and systems covers only 10% of what it takes to make one constantly successful. As you said, it's all about psychology, risk control and trade management. So it's been a long time that I focus on psychologoly part of this business in...
I understand u completly - patience is the key - but is easy to say and hard to live.

enigma4x
enjoy my life ... and ride the waves - all what I do
  • #20,870
  • May 23, 2011 6:44am May 23, 2011 6:44am
Quoting enigma4x
yess it is right basber but: What do you think about that combination ?

bigpic/bias H4 and entry M15
bigpic/bias H1 and entry M5

great combination for me _ it works since over 1,5 years



enigma4x
It works for you, then it's quite okay. It doesn't matter what I or any other trader thinks. But the theory is all Okay, I use Daily and H4 for big pic and M15 for entry, same as you.

Regards,
Basber
Trading methods are designed to put the odds in our favor, not predicting.
  • #20,871
  • May 23, 2011 6:50am May 23, 2011 6:50am
EJ:

Daily - SonicR short setup.
M15- pullback towards whole number might present re-entry short opportunity, if you believe this is going lower.

The US session is soon to open, and price could pop either way. For a short entry, it could be good if price jumps up into the 115.00-115.25 area after the US open, and then starts to drop again. But anything could happen.
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  • #20,872
  • May 23, 2011 6:57am May 23, 2011 6:57am
Quoting enigma4x
yess it is right basber but: What do you think about that combination ?

bigpic/bias H4 and entry M15
bigpic/bias H1 and entry M5

great combination for me _ it works since over 1,5 years



enigma4x
I like the idea of having sort of filter from higher timeframe to find the high probaility waves in smaller timeframes. will have a closer look during this week on this. thanks enigma. danke.
  • #20,873
  • May 23, 2011 7:02am May 23, 2011 7:02am
Quoting bennyFX
I like the idea of having sort of filter from higher timeframe to find the high probaility waves in smaller timeframes. will have a closer look during this week on this. thanks enigma. danke.
Sonikers, if you read Post#1 and what it links to, you will learn that Sonic has always suggested using higher TFs (W, D, H4) to "find a reason" that a SonicR setup might occur, or if it is occurring that it might be a good one. This is nothing new. It has been there from the beginning.

Regards,
-tah
  • #20,874
  • May 23, 2011 7:18am May 23, 2011 7:18am
Quoting enigma4x
yess it is right basber but: What do you think about that combination ?

bigpic/bias H4 and entry M15
bigpic/bias H1 and entry M5

great combination for me _ it works since over 1,5 years



enigma4x
Also works well for me. The only difference in my case is that most of the time M5 is used for entering the market (timing). Even SonicR set-ups are much clearer for me compared to M15.

For example the M15 short set-up below is from TAH (post #20506). Could be easily treated as a long set-up instead with nice volume around the HL. But if you check the same on M5, clearly a short set-up was forming. It is much more evident on M5 timeframe, for me at least:

http://www.forexfactory.com/attachme...5&d=1305446718
Mind the gap
  • #20,875
  • May 23, 2011 7:31am May 23, 2011 7:31am
Look like higher low in a making,,
Mkt seems taking a breather,,,


Sonic
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  • #20,876
  • May 23, 2011 7:35am May 23, 2011 7:35am
EJ:

So far the US session has not resulted in a pullback upwards. I have made a short entry, ES1= 114.42. If the pullback upwards comes, I might add to this short trade.
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  • #20,877
  • May 23, 2011 8:01am May 23, 2011 8:01am
Look like higher low in a making,,
Mkt seems taking a breather,,,


Sonic
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  • #20,878
  • May 23, 2011 8:06am May 23, 2011 8:06am
Hi Sonickers,

Opened a position on EURJPY. Comments are welcomed!

Regards,
Takpip
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  • #20,879
  • May 23, 2011 8:10am May 23, 2011 8:10am
Quoting sonicdeejay
Look like higher low in a making,,
Mkt seems taking a breather,,,


Sonic
EU:

Yeah. Now that all the lying finance ministers, central bank CEOs, and BBs are "found out", things could be on the brink of collapse. They can't allow it to fall too fast, because some BBs might lose some money.
Attached Image
  • #20,880
  • May 23, 2011 8:10am May 23, 2011 8:10am
TAH, one minor suggestion for future version of clock indicator - rename GMT to UTC (Universal Coordinated Time). it is the only "time zone" which is not affected by DST changes. real GMT time zone had DST correction and always is London time for me GMT name does not make any influence as I know that about it is and I have corrected it for my self. but who knows, maybe someone will read it wrong
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