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Sonic R. System

  • #21,041
  • May 26, 2011 7:04am May 26, 2011 7:04am
Quoting kimis
almost the same quoestion I've been asking few weeks ago - can we consider as setup only bigger waves? how big? or we can look at small riples as well
I also ask myself the same question ... Big or little wave?

Sonic takes both waves ... some sonicers take only the largest. Maybe the H1 chart can help determine the main wave...

It is a great topic for discussion.
"Being picky only cost your time - not MONEY"...Hans
  • #21,042
  • May 26, 2011 7:18am May 26, 2011 7:18am
Here's a possible Sell in EURUSD 1H allthough 4H is stalling a little, but Daily is still down
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  • #21,043
  • May 26, 2011 7:25am May 26, 2011 7:25am
The sesion begins in 6 min.
"Being picky only cost your time - not MONEY"...Hans
  • #21,044
  • May 26, 2011 7:56am May 26, 2011 7:56am
this is an example of a solid wave.
It happened in GU.

I can observe the following:

- ripples don't work as good as larger waves

- waves happening around S&R like in this case the whole number (1,6300) are stronger. they sort of jump of it like on a trampoline.

- waves happening in trend direction (following the pink 89 moving average)
are stronger
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  • #21,045
  • Edited 10:41am May 26, 2011 8:01am | Edited 10:41am
Quoting nando_rich
I also ask myself the same question ... Big or little wave?

Sonic takes both waves ... some sonicers take only the largest. Maybe the H1 chart can help determine the main wave...

It is a great topic for discussion.
In this instance of my short in EUR/JPY, I took the "larger" wave with observation of the volume.
  • #21,046
  • Edited 8:27am May 26, 2011 8:02am | Edited 8:27am
Quoting nando_rich
Hi pipphunter:

Could you show us a right/wrong wave for you with a pic?

I think it maybe greatful.

thanks.

Hi Nando:

please see attached picture, the example of recent EU move. my trading plan will only take #2 wave set as quality long setup, the #1 wave set is considered too risk because it develop in relatively short period of time, without news/even driven. even the outcome of trading #1 or #2 wave set are pretty much same in this particular case. in statistics, #2 setup have higher chance of winning base on my personal experience. i perfer to trade the wave that can be seen on H1.

there is exclusions: when the small wave #1 is fuel by news, or it break the important S/R during the London trading time, it normally would lead to big move.

i learned this point from DDaytrader, you can review his post for more detail and examples.

hope it helps.
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seeing through
  • #21,047
  • May 26, 2011 8:08am May 26, 2011 8:08am
Quoting pipphunter
Hi Nando:

please see attached picture, the example of recent EU move. my trading plan will only take #2 wave set as quality long setup, the #1 wave set is considered too risk because it develop in relatively short period of time, without news/even driven. even the outcome of trading #1 or #2 wave set are pretty much same in this particular case. in statistics, #2 setup have higher chance of winning base on my personal experience. i perfer to trade the wave that can be seen on H1.

i learned this point from DDaytrader, you can review his post...
Thanks mate...I observe that from now on.
"Being picky only cost your time - not MONEY"...Hans
  • #21,048
  • May 26, 2011 8:11am May 26, 2011 8:11am
Quoting nando_rich
Thanks mate...I observe that from now on.
Chasing after the smallest waves all relates to impatience and greed of missing a chance. Humans start seeing things that are not real.
This is very dangerous in trading. I can't exclude me from this examples,too
But will be more aware in future.
Letting waves time to build up and confirm instead of anticipating every smallest wave that MIGHT build up
  • #21,049
  • May 26, 2011 8:15am May 26, 2011 8:15am
Happy Birthday Sonic!

here i re-print Sonicdeejay's 3000th post to remark his wisdom and effort contribute to this thread.

Just another way to say Thank you.

Sonic's 3000th post re-print
_____________________________________________________
Well,,,It has been a hack of journey in trading so far...Some up Some down..I am still breathing and feeling bright...

Finding FF is one of the best thing ever happen to me...It helps me open my eyes, seeing things clear in this ocean full of sharks...

I'd like to point out the following few facts for my fellow traders...and for me (So that, I can read it over and over again whenever I in doubt)

Here are the some of the importance factors that successful traders must know....

Fundamental or Technical?
I believe both can be considered as one..They are not comparable at all as it is one. Market is ultimately driven by fundamental when we use Technical analysis to see the whole picture or better timing... Market is all about supply and Demand..

Trend is your Friend
Believe it. Have a general trend on mind. Always bias to your higher TF trend (I use 15M TF for entry but I use H4, D1 as bias)..
Use trend line etc.

Price Action
Indicators show the past and Price action tells the future..Knowing the price actions is the great advantage to a trader...


S&R and Fib
Knowing where are S&R is like knowing where the Price gona go, with the high percentage of accuracy. It gives u an ultimate edge as a trade.


Always use SL but not too close
Making Money with money can be difficult, u must take certain risk which must be manageable. It will be foolhardy not to use SL at all, it is also considered unwise to set SL too close.

Discipline
I left this point to the last, because it is the most important obstacle for a trader to overcome. I still have issue this point too, Now and then... Have a plan, stick to it..Use your proper management.. There will be always another trade. Set aside when u r in doubt...

I hope FX will be the rewarding and turning point in my life and I hope I can continue to contribute muc in the forum/my systems.

Cheers Guys
Sonic
__________________
"Trade to Live, Do not Live to trade.", Sonicdeejay
seeing through
  • #21,050
  • May 26, 2011 8:27am May 26, 2011 8:27am
Quoting pipphunter
Hi Nando:

please see attached picture, the example of recent EU move. my trading plan will only take #2 wave set as quality long setup, the #1 wave set is considered too risk because it develop in relatively short period of time, without news/even driven. even the outcome of trading #1 or #2 wave set are pretty much same in this particular case. in statistics, #2 setup have higher chance of winning base on my personal experience. i perfer to trade the wave that can be seen on H1.

i learned this point from DDaytrader, you can review his post...

there is exclusions: when the small wave #1 is fuel by news, or it break the important S/R during the London trading time, it normally would lead to big move.
seeing through
  • #21,051
  • May 26, 2011 8:49am May 26, 2011 8:49am
Quoting bennyFX
Chasing after the smallest waves all relates to impatience and greed of missing a chance. Humans start seeing things that are not real.
This is very dangerous in trading. I can't exclude me from this examples,too
But will be more aware in future.
Letting waves time to build up and confirm instead of anticipating every smallest wave that MIGHT build up
Yes i agree...i'm working in that too.

We could focus in the hourly waves like filter...

Regards.
"Being picky only cost your time - not MONEY"...Hans
  • #21,052
  • May 26, 2011 9:06am May 26, 2011 9:06am
I hate market these days. any single word about Greece makes 50+ pips spikes
  • #21,053
  • Edited 10:46am May 26, 2011 9:10am | Edited 10:46am
EUR/USD

Entered a short position.
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  • #21,054
  • May 26, 2011 9:20am May 26, 2011 9:20am
Quoting Takpip
EUR/USD

Entered a short position.
me too.
"Being picky only cost your time - not MONEY"...Hans
  • #21,055
  • May 26, 2011 9:38am May 26, 2011 9:38am
Possible Stoppin vol seen...

No short for me..
Anyway..if u had opened short..use proper MM and hawky eyes..


Sonic
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  • #21,056
  • May 26, 2011 9:57am May 26, 2011 9:57am
Quoting traderathome
GU:

Added to short, ES3= 1.6280. There is no remarkable "stopping volume" in this case, just a lot of high volume at the highs. The USD releases were negative from expectations, but apparently every other currency is deeper in the crapper than the US dollar is, so as bad as EVERYTHING is, the US dollar still has its following. The US is the only country with a decent political system (read that as where the rich are in league with the other rich around the world), and with the natural resources to keep things going if the world starts to fall...
GU:

Added short SS, ES4= 1.6360.
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  • #21,057
  • May 26, 2011 9:57am May 26, 2011 9:57am
Quoting nando_rich
me too.
Out +60pips
"Being picky only cost your time - not MONEY"...Hans
  • #21,058
  • May 26, 2011 9:57am May 26, 2011 9:57am
I wish I could have same volume readings...

What is interesting Nando's DR1 is almost at the top of today's EU, while mine is same like Sonic's, and DR2 is on the top
  • #21,059
  • May 26, 2011 10:06am May 26, 2011 10:06am
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-> trigger the trend

-> looking for sonic wave in flags it works take a look ...

hope it helps a little bite in finding the right wave setups.



enigma4x
enjoy my life ... and ride the waves - all what I do
  • #21,060
  • May 26, 2011 10:06am May 26, 2011 10:06am
Quoting traderathome
UCad:

I consider this a SonicR long re-entry, EL1 = 0.9697. As mentioned before, the London session is over, so it is far easier for US BBs to manipulate the price without the London BBs competing for the "take". In this case, the US BBs have driven the price back down just over 50% of the run up today! So, I consider a re-entry here worth the risk. To me, it looks like the US BBs are, on a number of pairs, posturing for more "dollar strength" runs next week. And they are doing so by working the prices back down from the highs of the "dollar...
UCad:

110 pips profit on this SonicR long just closed at 0.9810.
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