Sonic R. System

Mkt pull back to last week ore NFP..
Look lik BB pull down to load longs..

But follow the rules.. Patience...

Sonic

Thanks for share mate...good info.

hi TAH,
did you release the new templates n indis. you had said you were to use it for a while due tu numerous revisions.


regards

samuel

EG:

15 pips loss on this long trade.

EU:

83 pips loss on EL1.
52 pips loss on EL2.
25 pips loss on EL3.

whatever I took this trade and so on ...



clear ss atack for me

enigma4x

The 06-01-2011 release incorporated the TzPivots code into the Chart Panel, but there was an error in the incorporated, more brief coding. This has been fixed and I am testing to assure it. So, I have not released the corrected Chart Panel/TzPivots code yet. Another upgrade I am testing is to the FFCal Headlines indy. This will permit multiple high impact releases to be displayed when occurring simultaneously. I think the new code is ok, but have had little testing with it.

Perhaps next week can be the release with the fixes and improvements. Meanwhile, I have suggested the separate SonicR TzPivots indy be used for pivots. There is no problem with it. The only reason I have incorporated its code into the Chart Panel is to cut down on repetitive line placement coding and repetitive DST coding.

Hello sonicdeejay,

great compliment for the successful & wonderful system you created and thank you a lot for sharing it. "Sharing is caring!" I won't forget this quote.

Lots of thanks also to tradeathome who seems to be an important part of this thread and keeps it alive with a lot of posts and own upgrades.

Like I mentioned in the title, I am a newbie to the forex business and search for a system that fits my personality. This trend following system seems to be a match. I like the 15m timeframe and the "KISS" (Keep it simple and smart) attitude of the system.

The success of this thread shows that the system has to be successful too. Otherwise it wouldn't be so popular more than 3 years after the start.
But the length of the thread is a bit frightening. More than 21,000 posts, some valuable, some not. I won't be able to read all of it and that's the reason why I want to ask experienced traders of this system and also the inventor some questions before I try to do.

The rules on post #1 are the original rules with the original templates in different versions, right?
Then I found a template version of traderathome which looks different and also misses some of the indicators like the QQE or CCI which are in version 3 of the SonicR System on post #1.
Which template is the one to be used? I saw in the posts that traderathome is using his template (which is logical - otherwise he wouldn't spend time and effort to develop and program it) but also that sonicdeejay is using this template of TAH if I interpreted some of his posts with screenshots of this template.
What irritates me is that the rules of this 2 templates differ a bit, e.g. in the original version has the QQE to be above/below 50.

Can you please help me to clear this up for me?

Thank you in advance!

If this is a question which occurs often here, please excuse me, but as I explained earlier this thread is very long as a result of it's success.
Otherwise if there is interest of sonicdeejay, TAH and other successful users of this system to create a new handbook with updates and often asked questions I can collect and edit the material as a part of my learning process. So I can care for other newbies while sharing my process.
Everything I would need is 1 or more users of this system that have some time to share their insights and possible pitfalls.

Good trades!

Sonic R. System Manual

Generalizing, the two most freqently asked questions concern:
1. What is the Sonic R. System?
2. Some current templates are not using indicators discussed at the beginning of the Sonic R. System thread, therefore, what should be used?

Ideally, an up-to-date Sonic R. System manual would exist to elaborate. Until such time, perhaps this post will help.


What is the Sonic R. System?

It is a method of trading price movements between areas of support and resistance. It uses a price action WAVE at a S&R area to validate a trade setup. It uses a trio of 34 exponential moving average lines, called the Dragon, in defining the trade entry area. It uses S&R areas to select trade exits. And it uses a Stop Loss (SL) for some protection. Details are as follows:

1. The price action WAVE should depict a bounce or a break at a S&R area, showing L-H-HL to trade long, and H-L-LH to trade short.

2. The DRAGON must be angled up with PA above it for longs, and angled down with PA below it for shorts.

3. The TIMING of the setup should be during the London session only.

4. The ENTRY should be several pips beyond the end of the first price candle that exits the Dragon during Leg #3 of the WAVE. If this rule places the entry more than 20 pips from the edge of the Dragon, then don't trade.

5. The EXIT should be at a S&R level. View price history for logical S&R areas to take profit. Such areas can include whole/half numbers and the middle of consolidation areas.

6. The SL should be positioned just beyond the start of Leg #1 or Leg #2 of the WAVE, depending on your risk tolerance and judgment of PA volatility. Move it to BE+ ("break even" + a few pips profit) as soon as possible, perhaps after 20 pips movement, and certainly by the time your first target is reached if you are scaling out.

7. The RE-ENTRY to a setup occurs when price pulls back to a local S&R area, and then resumes the trade direction, moving past the last significant high or low, for long or short trades respectively.


What Indicators Are Used?

This question is reasonable because, over time, different indicators are shown on charts posted in the Sonic R. System thread. The answer is simple; the Dragon.

The Dragon is the cornerstone indicator of the Sonic R. System. In actuality, no other indicator is required. All cues come from price action itself. The WAVE is from price action. S&R areas are from price action. Even the Dragon requires a price bar to determine the entry level. The exit(s), SL, and possible re-entry levels are all based on price action/S&R. So, a candlestick chart and the Dragon are all you need.

Ok, so what about all the other indicators appearing in the thread over time? The answer is this: all are optional. They come and they go. They are not required. And they are not needed. Moreover, the fewer you use, the better you will become with the Sonic R. System.

To date, only two such indicators continue to be most used: the Trend line (89 ema), and a chart sub-window volume study. In the world of forex, many use the 89 moving average line to mark the boundary between bull and bear. And "volume" (or what is referred to as volume, in the forex world) is the only technical that is not a derivative of the price action, which we already have with the candlestick chart.

Recent releases of indicators for the Sonic R. System include the following:
1. SonicR Chart Panel - provides a market data panel making it easier to ID the subject pair in posted charts. It also provides options to show Levels, pivots, average range H/L daily targets, and vertical time lines for the London session open-close, etc.
2. SonicR Clock Panel - provides the time in different time zones, and is used also to confirm the proper settings for the Chart Panel vertical time lines.
3. SonicR Dragon-Trend - displays the Dragon and the Trend line with some interesting options for higher TF charts.
4. SonicR FFCal Headlines - displays the Forex Factory headlines of upcoming releases as a "heads up" for times of possible high volatility.
5. SonicR VA Candles - colors some candlesticks per the specially colored bars of the SonicR VA indicator.
6. SonicR VA - a volume analysis indicator highlighting when volume is rising above average by a certain factor, and also highlighting when there occurs a notable combination of high volume and high candle spread.

However, all indicators other than a candlestick price chart and the Dragon are optional. Indicators can cause the user to not remain focused on the essentials: price action WAVEs and S&R.


Example Of Re-entry Trade

The attached M15 and H4 charts demonstrate price action break down thru S&R (EU 1.4500 whole number), the WAVEs involved, catching the trade as a re-entry once the London session began, setting the SL, and finding a target S&R from a higher TF chart (H4 in this case).

Sonicdeejay,

Please consider linking the above post in post #1 if you consider it an adequate statement of the Sonic R. System and an adequate answer to the often asked question about what indicators are used.

Thank you.

Regards,
-tah

when do u plan to close your longs?...

me personally would bank em all as near as possible to 1.5000 level, we printed 469x and dipped 300 pips now....

whats ur line?

Traderathome,

thank you very much for your explanations! They definitely clear things up for me.

Now I can start to test the system. Besides my Sonic R. System studies I will collect important threads & comments to sum them up for me. My own little handbook.
As soon as I think I am finished, I can send it to you (revision for fundamental errors) or I will attach it to a new post so that you can decide if it is helpful for other newbies.

Best regards,

DL

My sentiment for the week starting 06/12/2011:

http://www.forexfactory.com/showthre...34#post4685034

EU:

Entered long for possible asian session start of a move up.

EJ:

Also entered EJ long for a possible asian session move up.

I will TAH..

Thx
Sonic

You might consider changing
from:

And you can check out our best contributer TAH's templates HERE

to:

And you can check out our best contributer TAH's templates HERE, and the latest Sonic R. System Manual (in brief) HERE

You will have to fix the link "HERE" because I don't know how you do that.

entered Long EU as attached. let's see

Haven't been here for a long time. I bet for short in EU, ES2 has a chance, in this case SL is going to be near to ES1. Neither is a classic SonicR setup nor triggered yet.

Note: H4 candle is going to close within a few minutes

EU:

Here is the valid, London session setup long, push up..