1 thing for sure.. It gonna cause 1 hella movve..
- #22,023
- Jun 21, 2011 6:52pm Jun 21, 2011 6:52pm
- Joined Mar 2008 | Status: PVSRA with Traderathome | 23,553 Posts
I am not p1ss as I m not bull nor bear, I trade as what mkt throw at me, rather than anticipation much..
In fact, it is rather a new trade opportunity in a making.. But sorry, Asian session no trade..
Good morning grandpa..
Sonic
"But sorry, Asian session no trade.." - young whippersnapper
Well, maybe not for you. But for me, the "grandpa" that got all the flak yesterday about Sonic Scouting, well my scouts are starting to report back in during the asian session,..... with gold on 'em!
- #22,024
- Jun 21, 2011 7:54pm Jun 21, 2011 7:54pm
- Joined Mar 2008 | Status: PVSRA with Traderathome | 23,553 Posts
- #22,025
- Edited 9:19pm Jun 21, 2011 8:43pm | Edited 9:19pm
- Joined Mar 2008 | Status: PVSRA with Traderathome | 23,553 Posts
Ok, let's talk about the Sonic R. System,.....and secret.
Let's start with the "secret", found in the "Secret of Sonic R." pdf. Sonic suggests viewing the latest candle grouping on the H4 or Daily chart for a reason for a Sonic R. setup to appear on the M15 chart. He specifically mentions "hammer" and "engulfing" candles as particularly good finds. On the attached H4 you can see some examples. And don't forget that a price breakout or bounce at support/resistance might also be reason for a Sonic R setup to appear on the M15.
Now for the actual Sonic R. System "method", applied on the M15 chart. There needs to be these things on the M15 chart:
1. London session
2. A PA WAVE (long: L-H-HL, short: H-L-LH)
3. Angle on the Dragon (long: up, short: down)
4. Current PA on proper side of Dragon (long: above, short: below)
5. If using the Trend line, PA should be on the proper side of it, too.
------if all of the above are in place, then------
6. Enter at least a few pips beyond the first candle exiting the Dragon. If that places the entry more than 20 pips away from the edge of the Dragon, then give consideration to not taking the trade.
The attached M15 chart depicts two pure Sonic R. System setups. The London session PA WAVE for a long trade is there (L-H-HL). On the third leg of the WAVE a candle exits the Dragon. The next candle moves beyond the end of that candle. That is the trade entry area (small box), and the Dragon is now angled up. Here, the Trend line is shown, and PA is above it at the time of entry. You manage your trade exit(s) based on historic S&R levels and your trading style. Are you in it for what the day's average range might yield? Or, are you in it as a possible swing trade?
Folks, that is the essence of the elegantly simple Sonic R. System,....and secret! Don't polute it with technicals. Don't prostitute it with compromises. Wait for the trades to come to you.
"Let the market decide." - Sonicdeejay
Regards,
tah
Let's start with the "secret", found in the "Secret of Sonic R." pdf. Sonic suggests viewing the latest candle grouping on the H4 or Daily chart for a reason for a Sonic R. setup to appear on the M15 chart. He specifically mentions "hammer" and "engulfing" candles as particularly good finds. On the attached H4 you can see some examples. And don't forget that a price breakout or bounce at support/resistance might also be reason for a Sonic R setup to appear on the M15.
Now for the actual Sonic R. System "method", applied on the M15 chart. There needs to be these things on the M15 chart:
1. London session
2. A PA WAVE (long: L-H-HL, short: H-L-LH)
3. Angle on the Dragon (long: up, short: down)
4. Current PA on proper side of Dragon (long: above, short: below)
5. If using the Trend line, PA should be on the proper side of it, too.
------if all of the above are in place, then------
6. Enter at least a few pips beyond the first candle exiting the Dragon. If that places the entry more than 20 pips away from the edge of the Dragon, then give consideration to not taking the trade.
The attached M15 chart depicts two pure Sonic R. System setups. The London session PA WAVE for a long trade is there (L-H-HL). On the third leg of the WAVE a candle exits the Dragon. The next candle moves beyond the end of that candle. That is the trade entry area (small box), and the Dragon is now angled up. Here, the Trend line is shown, and PA is above it at the time of entry. You manage your trade exit(s) based on historic S&R levels and your trading style. Are you in it for what the day's average range might yield? Or, are you in it as a possible swing trade?
Folks, that is the essence of the elegantly simple Sonic R. System,....and secret! Don't polute it with technicals. Don't prostitute it with compromises. Wait for the trades to come to you.
"Let the market decide." - Sonicdeejay
Regards,
tah
- #22,027
- Jun 21, 2011 9:40pm Jun 21, 2011 9:40pm
- Joined Mar 2008 | Status: PVSRA with Traderathome | 23,553 Posts
- #22,029
- Edited 10:02pm Jun 21, 2011 9:45pm | Edited 10:02pm
- Joined Mar 2008 | Status: PVSRA with Traderathome | 23,553 Posts
London session
I cannot tell you of all the times the asian session showed "perfect looking" setups, which I entered. And when the London session opened, the market suddenly decided to go in the opposite direction!
Edit: As Sonic states below, at this point it is a counter trend setup. But wait for the London session. If the price is to be traded short by the market today, the London traders will find entry,.....and so can you. By then, the PA WAVE (bounce down off upper whole number?) might be a bit more expansive than the one you show. Perhaps like in the attached pic. And, the entry area could turn out to be even higher.
Regards,
-tah
- #22,030
- Edited 10:11pm Jun 21, 2011 9:47pm | Edited 10:11pm
- | Commercial User | Joined Mar 2008 | 9,090 Posts
Hi, and what about this one set up, is it right?
Petr
Just be careful of the possible immediate support 1.435x lvl..
and ur SL ,, can move above the wick??
Not trading yet, see u fellas at LO
Sonic
- #22,032
- Jun 21, 2011 10:16pm Jun 21, 2011 10:16pm
- Joined Mar 2008 | Status: PVSRA with Traderathome | 23,553 Posts
TAH, why don't you move this post into the 1st post with a title of "Essence Of The Sonic R. System,.... And Secret" and you will get a lot fewer similar questions.
- #22,033
- Edited 11:33pm Jun 21, 2011 11:22pm | Edited 11:33pm
- Joined Mar 2008 | Status: PVSRA with Traderathome | 23,553 Posts
"London session", correct!
I cannot tell you of all the times the asian session showed "perfect looking" setups, which I entered. And when the London session opened, the market suddenly decided to go in the opposite direction!
Edit: As Sonic states below, at this point it is a counter trend setup. But wait for the London session. If the price is to be traded short by the market today, the London traders will find entry,.....and so can you. By then, the PA WAVE (bounce down off upper whole number?) might be a bit more expansive...
Of course, there is no predicting what will happen price wise. But one thing is plausible, based on recent history. EU will not be allowed to drop one second before it has to drop. It is just best to wait until the London open before entering a trade......wait to see what the London trading looks like. Today, it might just be high and sideways for many hours. There is just no predicting what today will bring.
- #22,035
- Jun 21, 2011 11:38pm Jun 21, 2011 11:38pm
- Joined Mar 2008 | Status: PVSRA with Traderathome | 23,553 Posts
- #22,037
- Jun 22, 2011 12:15am Jun 22, 2011 12:15am
- | Commercial User | Joined Mar 2008 | 9,090 Posts
ATM I can see in the H4 chart a reverse pattern ...
A hammer or even a Morning Star type formation off the S/R area
No sell signal yet for me..Holding my longs at BE
Sonic
