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Sonic R. System

  • #23,801
  • Jul 24, 2011 11:03am Jul 24, 2011 11:03am
Quoting Basber
you ... own your time and mind ...I like my freedom...
Regards,
Basber

Amen, brother, amen!

Wonderful to see you doing well, helping others, and enjoying life, my friend!

-DD
  • #23,802
  • Jul 24, 2011 11:04am Jul 24, 2011 11:04am
Quoting ddaytrader
So how about - new Sonikers and old Sonikers alike: Is the attached trade, based upon the information provided, a classic SonicR or not?
Classic sonic r for me. Nice wave. What pair is it?
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  • #23,803
  • Jul 24, 2011 11:32am Jul 24, 2011 11:32am
Quoting ddaytrader
So how about - new Sonikers and old Sonikers alike: Is the attached trade, based upon the information provided, a classic SonicR or not?
I think this is text book Sonic R, but I will not take it. because:
1. I have the big picture over ride the classic Sonic R rules. the daily chart show lower high and lower low. trend the down.
2. if I take H4 entry, I need the daily trend agree with the direction. This is not only increase the chance of winning, but also ensure to have the room for the run..this setup is not.
3. I would say this is counter-trend trade, and the reward/risk ratio is too low. normally I use touch trade to trade counter-trend. or trade lower time frame.
seeing through
  • #23,804
  • Jul 24, 2011 12:05pm Jul 24, 2011 12:05pm
Hello Sonicdeejay,

I want thank for your perfect teaching talent, for your pages from No.1 (since 2008) up to the present day. I am from Czech rep. and I trade since 11/2009. Your Sonic R system is very logical, transparent and clearly I am reading your pages from 1st...and I read page 72 now
Thanks. Petr
  • #23,805
  • Edited 4:14pm Jul 24, 2011 1:43pm | Edited 4:14pm
Pic Eur Usd.





Inserted Video
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born to speculate
  • #23,806
  • Jul 24, 2011 2:32pm Jul 24, 2011 2:32pm
Quoting ott256
Classic sonic r for me. Nice wave. What pair is it?
it is eu - u are right. don´t forget h4 candles depands on broker server time.

that is the reason for some diffrent looks. I prefer the london timing for my h4 setup. 60% of currency trading will be handle over london.

may it is helpfull for ya.

enigma4x
enjoy my life ... and ride the waves - all what I do
  • #23,807
  • Edited 7:43pm Jul 24, 2011 3:32pm | Edited 7:43pm
Quoting ddaytrader
Yes, that is a good start. I really do like to have a clear "If ... Then" action statement, however.

For example, I am looking at the EUR/CAD daily chart.[indent][color=red]EUR.CAD: Daily trend is down, and 2ROC (2 period Rate of Change) has turned down from +0 as of Friday's close after a spike high tested the 1.36XX prior support as resistance. IF price trades below Friday's 1.3580 low, THEN I will go short. My entry point will be 1.3580 or lower, my stop to loss will be 1.3689. IF price trends in my favor, THEN...
1. If I cannot confirm the setup places the EP/breakout in the London session, then for me this is not a SonicR setup.

2. The PA Wave is proper, L-H-HL.

3. The Dragon is angled up.

4. The EP should be on leg #3, and at lease several pips beyond the end of the first Leg #3 candle exiting the Dragon. My guess is that this would place the EP below the level you show. There is no scale to use to know for sure. And there is nothing wrong with holding entry until the level shown.

5. I am not sure about where the SL should be placed; as shown or below the start of Leg #1 of the wave. I am thinking the latter.

6. And zooming out to see more perspective, I'd be seeing more of where the target should be placed for the long trade. In my mind, the trade would be over by now. H4 setups are not pure SonicR, however this was excellent H4 confirmation for any long setup on M15 around the time. There was an M15 setup, and it did place EP at LO, so that qualifies it in my mind.
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  • #23,808
  • Jul 24, 2011 4:42pm Jul 24, 2011 4:42pm


pro gap

enigma4x
enjoy my life ... and ride the waves - all what I do
  • #23,809
  • Jul 24, 2011 5:27pm Jul 24, 2011 5:27pm
I do not have time to grab a chart image, but I am selling the GBP/CHF here at 1.327X ... chart to follow showing this SonicD trade. (I'm going to call it SOnic"D" for daily time frame, because though I use it to add to existing positions, i.e. pyramid, it also stands alone as a solid way to trade the daily TF using the Sonic dragon for long term trend.

Has a big stop measured in pips (168 to be exact) so I size the trade accordingly. The bigger the pips in the stop loss, the smaller the lot size I trade. The risk for me is always the same: $$ at risk = 1.5% or less of account. It is the calm way to trade. On this particular trade, my actual risk, assuming no slippage, is 1.34%.

I'll post a chart later - whether pip positive or pip negative.

Good Luck and good trading to all my fellow Sonikers this week!

ddaytrader
  • #23,810
  • Jul 24, 2011 5:58pm Jul 24, 2011 5:58pm
EU Perspective:

Monthly- PA fell out of up channel, and has been making lower HLs = bearish.

Weekly- a good number of weeks back PA was rejected down from the upper TL of the down sloping channel of lower HLs = bearish. Also, last week ended with PA at mid-channel of the current up leg (blue) in the down sloping channel. This position is auspicious to begin a move down, continuing the most immediate down channel (orange) = bearish.

Daily- Last week ended with PA rejected from upper TL of down channel = bearish.

Summary- When you look at the Monthly, Weekly and Daily charts you cannot escape the current pattern of lower highs and lower lows (a fundamental consideration in SonicR) which stares right back at you from all three charts! And one more reason.....

......Bernanke says the USD will be kept weak relative to the euro, to help the euro out (yeah, right) = bearish!!!!!!
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  • #23,811
  • Jul 24, 2011 6:13pm Jul 24, 2011 6:13pm
Quoting traderathome
...When you look at the Monthly, Weekly and Daily charts you cannot escape the current pattern of lower highs and lower lows (a fundamental consideration in SonicR) which stares right back at you from all three charts!
Yes, lower highs and lower lows in sideways to down, overlapping, choppy consolidation - that may be bearish (distribution) but it is equally likely to be bullish (accumulation). I have many times in the past mentioned in this thread that when we conduct our wave analysis, we must distinguish between chops and trends - what Basber called clear and distinct waves. Look at those charts, and then look at the drawings we use for our Sonic diagrams - there is no recent trend in those charts other than sideways. Caution is warranted on either side of the market, which means we must honor our stops.

All the markets - cash, bonds, stocks, many but not all commodities - seem to be caught in a whirlpool of indecision right now - what some might call an "inflection point." This means even the big boys are unsure of themselves, so let us not allow ourselves to be cocky and think that we somehow know better than anyone what to expect next.

Hubris will bring down a trader as quickly as it did Icarus.
  • #23,812
  • Jul 24, 2011 6:13pm Jul 24, 2011 6:13pm
Quoting ddaytrader
I do not have time to grab a chart image, but I am selling the GBP/CHF here at 1.327X ... chart to follow showing this SonicD trade. (I'm going to call it SOnic"D" for daily time frame, because though I use it to add to existing positions, i.e. pyramid, it also stands alone as a solid way to trade the daily TF using the Sonic dragon for long term trend.

Has a big stop measured in pips (168 to be exact) so I size the trade accordingly. The bigger the pips in the stop loss, the smaller the lot size I trade. The risk for me is always the same:...
Price was gapped down to S&R. Previously, PA fell to this S&R, then rose and then fell back down and thru it. Then PA rose up thru it. Now PA has been gapped down to it again. How do you know PA won't bounce up? Why are you taking the short trade here instead of waiting for PA to fall thru the S&R (if it does) and then come back to/near it (which it probably would)?
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  • #23,813
  • Edited 6:35pm Jul 24, 2011 6:18pm | Edited 6:35pm
Quoting ddaytrader
Yes, lower highs and lower lows in sideways to down, overlapping, choppy consolidation - that may be bearish (distribution) but it is equally likely to be bullish (accumulation). I have many times in the past mentioned in this thread that when we conduct our wave analysis, we must distinguish between chops and trends - what Basber called clear and distinct waves. Look at those charts, and then look at the drawings we use for our Sonic diagrams - there is no recent trend in those charts other than sideways. Caution is warranted on either side of...
I am only seeing what the charts are showing, lower highs and lower lows, wide swings or not. It is clearly there for all to see, not just me. As for what to expect, personally I will wait for the London session to see what the Market has decided to do for the day. And I will do that on each day, regardless of longer term charts. Why? Because price never moves in just one direction. We have both noted the wide swings, have we not?

The nice thing about pure SonicR (M15) is that regardless of whatever longer term trend one might subscribe to, there can be valid setups in both directions. So, those that subscribe to opposite trends, can both say they are trading with the trend!

Each day the Market comes to the table with its own idea which way the price should go, regardless of longer term indications of trend. That is a fact that the pure Sonic R. System captializes on!
  • #23,814
  • Jul 24, 2011 6:29pm Jul 24, 2011 6:29pm
Quoting traderathome
... How do you know PA won't bounce up?
I don't. How can we ever know with certainty anything? If I knew what was going to happen, I'd bet it all on this treade and retire on my winnings. I do not know - that is why I have an unraisable stop loss. It can move, but only lower, and it is never "not at all," but always and forever until the position itself becomes "not at all."

Quoting traderathome
Why are you taking the short trade here instead of waiting for PA to fall thru the S&R (if it does) and then come back to/near it (which it probably would)?
Because the SonicD is built around the following strategy, as taught to me by two very good traders: When the market is in a trend, you want to trade only ion the direction of that trend. The safest way to do so is to enter positions during what appears to be the latter stages of a pullback against that trend.

This then is the trade: IF price trades at 1.3277 or lower, THEN I will sell short, with a stop loss at 1.3445.

Very simple rules I use, TAH. Almost mechanical. Very simple, very regular, no guesswork, no wondering about a multitude of variables over which I have neither control nor knowledge enough to use to make better decisions. The worst that can happen is that I get stopped out with a small loss relative to my usual profit, freeing me up financially, mentally, and emotionally for the next trade.

I cannot know the future, and I cannot control the market. I can control when I enter the market and when I exit. So I have simple rules that guide me on when it is in my best interest to do just that.
  • #23,815
  • Jul 24, 2011 6:39pm Jul 24, 2011 6:39pm
Quoting ddaytrader
I don't. How can we ever know with certainty anything? If I knew what was going to happen, I'd bet it all on this treade and retire on my winnings. I do not know - that is why I have an unraisable stop loss. It can move, but only lower, and it is never "not at all," but always and forever until the position itself becomes "not at all."



Because the SonicD is built around the following strategy, as taught to me by two very good traders: When the market is in a trend, you want to trade only ion the direction...
Well, of course I knew that you didn't know which direction the price might be going. It was a rhetorical question. But now I do better understand why you are not waiting for price to drop below S&R and then come back to it and see if it resumes the drop before entering. Thanks for explaining that.
  • #23,816
  • Jul 24, 2011 8:02pm Jul 24, 2011 8:02pm
Quoting babetko
Hello Sonicdeejay,

I want thank for your perfect teaching talent, for your pages from No.1 (since 2008) up to the present day. I am from Czech rep. and I trade since 11/2009. Your Sonic R system is very logical, transparent and clearly I am reading your pages from 1st...and I read page 72 now
Thanks. Petr
I suggest u read the last 50 pages..

Sonic
  • #23,817
  • Jul 24, 2011 8:08pm Jul 24, 2011 8:08pm
Fellas,

My advice, do not take any pos in Monday or at least Asia session..
Many of noobs deprived of trading over weekends and that cause the wild swings.giving fault entry signals as the result...
They are like drug addicts, didnt get their fix over weekend..
High or low of the entire week normal occur during Monday..

I used to lose money usually on Monday and Friday..
So I do not want you get caught with short position at bottom and long pos at top..

Chill,

Sonic
  • #23,818
  • Jul 24, 2011 8:12pm Jul 24, 2011 8:12pm
Quoting enigma4x


pro gap

enigma4x
Ya, I predicted in one of the news post over weekend..
0bama still asleep, mkt will do some real move when he and loony gang start spitting fire..

So chill for now,,
Sonic
  • #23,819
  • Jul 25, 2011 2:18am Jul 25, 2011 2:18am
eu sell 4338
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  • #23,820
  • Jul 25, 2011 2:41am Jul 25, 2011 2:41am
Quoting aligater
it is not over yet
aligator
Told ya

aligator
born to speculate
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