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Sonic R. System

  • #23,861
  • Jul 25, 2011 6:23pm Jul 25, 2011 6:23pm
Quoting traderathome
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.
Hey TAH,

I hope you didn't take my answer as sarcasm. I assure you that I did not mean to sound either sarcastic or flippant, though reading now I see that it may have sounded that way. If you took it as such, I apologize, and I hope you can forgive me.

Also, reading your answer quoted above, I think it might be helpful if you thought of my SonicD entries as having already tested a prior R as S, or prior S as R, and therefore, it is very much a S/R based trade - I want to see a test of fib resistance, chart resistance, or both.

-DD
  • #23,862
  • Jul 25, 2011 6:33pm Jul 25, 2011 6:33pm
Quoting sonicdeejay
I better be late than sorry... +60 pips already bagged for today..
So,,, might be no more trade..

Sonic

I am still bullish
Still in the bull camp..
In fact, we are in the big range bound 1.432x to 1.442x..

Breaking out soon..


Sonic
  • #23,863
  • Jul 25, 2011 6:41pm Jul 25, 2011 6:41pm
Quoting Basber
You are limiting your profits too much...
I agree! Two trades with a total profit of 15 pips is two scratch trades in my opinion. Certainly not the kind of profits you should be demanding for risking your capital in the market.

Do as Basber says - Read this thread, and make a conscious decision to understand and master the method.

But if you concentrate on the last half of the thread only, you will mis a good many nuggets of wisdom, especially from Sonic from early on.

Quoting sonicdeejay
I have this idea, mental attitude.."I'm gonna trade 1 or 2 trades for today...I only wanna be sure that I got the winning one..."

So,it can prevent me from trading folly...cast me a discipline.


All the pair selecting..it is just random and if you notice they "kinda" move in same direction...

Another thing I can achieve these result as my TP are reasonable and "precise". It is important to know the major resistance or support level...that the price will reverse or will be resisted...



Example:: In my Long trade....there was Yesterday...
Get yourself involved in the thread - post your charts when you see a SonicR trigger. And think in terms of high double and even triple digit pip profits not single digits - SonicR will give you 50-100-150 pips or more! Why settle for 5-10?

Good Luck,

ddaytrader
  • #23,864
  • Jul 25, 2011 6:49pm Jul 25, 2011 6:49pm
Quoting Anthar
I've been quiet in this thread as I am new and I like to begin posting when I have something to contribute...Happy week to all!
Welcome, Anthar ... do not be shy, and post your set ups as you see them. The best way to learn SonicR is to get involved in this thread.

Good Trading to you,

ddaytrader
  • #23,865
  • Jul 25, 2011 7:11pm Jul 25, 2011 7:11pm
Quoting ddaytrader
Welcome, Anthar ... do not be shy, and post your set ups as you see them. The best way to learn SonicR is to get involved in this thread.

Good Trading to you,

ddaytrader
Will do for sure, I've been studying charts and setups for Sonic for the past few days and recently did you Intro Lesson homework, lol. So I will be posting possible setups I find. Thanks for your welcoming words.

Anthar
Flp. 4:13
  • #23,866
  • Jul 25, 2011 8:37pm Jul 25, 2011 8:37pm
A big VOL! AUDUSD will be how to choose?http://www.forexfactory.com/attachme...1&d=1311644226
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  • #23,867
  • Jul 25, 2011 9:32pm Jul 25, 2011 9:32pm
Quoting Basber

You are limiting your profits too much. try to read at least the second half of the thread. You'll know who's posts to follow very soon. It will take time, but it worth it. If you don't do that, sooner or later you'll leave here, because you should put your effort in a method to master it, and until you master it, you can't make profit out of it. So start reading the thread.

Regards,
Basber
Ok, I see what you're saying. This system is much deeper than I thought.

The Dragon indicator is great but I'm still trying to figure out the benefit of the PV Histogram.

Am I understanding this correctly?

Quoting traderathome

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.
Does that mean leg #1 came of the Dragon, leg #2 went back in, then leg #3 comes out, then we enter no more than 20 pips after exit?

Thank you for the feedback!
  • #23,868
  • Edited 10:58pm Jul 25, 2011 9:54pm | Edited 10:58pm
Quoting sonicdeejay
I better be late than sorry... +60 pips already bagged for today..
So,,, might be no more trade..

http://www.forexfactory.com/attachme...1&d=1311593869

Sonic

I am still bullish
Boom..

Taken 120 pips.. Near 1.447x..as TP1, see u 1.45xx..
Told cha.. Dont go against the master..

Sonic
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  • #23,869
  • Jul 25, 2011 10:00pm Jul 25, 2011 10:00pm
First post in this thread...very intersting stuff...

Would this be a valid way to look at AU?

Daily trend overall up, although have been sideways lately
4h trend up.
Potential 15m long position (maybe could have gotten in earlier??)
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  • #23,870
  • Jul 25, 2011 11:01pm Jul 25, 2011 11:01pm
1.450x will be another nice TP area...


Sonic

P.S Where has TAH gone to??
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  • #23,871
  • Edited 1:00am Jul 26, 2011 12:48am | Edited 1:00am
Quoting sonicdeejay
1.450x will be another nice TP area...


Sonic

P.S Where has TAH gone to??

My friend are you buying according SonicR rules?
  • #23,872
  • Jul 26, 2011 12:53am Jul 26, 2011 12:53am
EU long closed.
PA hit TP. second half closed @ 1.4440 with +90 pips. Total 130 pips.
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  • #23,873
  • Jul 26, 2011 1:11am Jul 26, 2011 1:11am
Quoting sonicdeejay
Boom..

Taken 120 pips.. Near 1.447x..as TP1, see u 1.45xx..
Told cha.. Dont go against the master..

Sonic
1.450x hit..

Sonic
  • #23,874
  • Jul 26, 2011 1:12am Jul 26, 2011 1:12am
Quoting sonicdeejay
Fresh of the Oven, Monday London session trade..

Sonic
I am confused how 60 pips are gained as the level of entry would have only been a dozen or so and then a pull back. Would appeciate understanding the trade as I am not seeing it. Thanks!
  • #23,875
  • Jul 26, 2011 1:15am Jul 26, 2011 1:15am
Quoting dksolo
EU long closed.
PA hit TP. second half closed @ 1.4440 with +90 pips. Total 130 pips.
I don't understand your lines as any form of wave I have ever studied. I can see it being a resistance bounce but not a wave of that time frame. Maybe a higher time frame but not a 15 minute chart. Could you explain?
  • #23,876
  • Jul 26, 2011 1:55am Jul 26, 2011 1:55am
Quoting karys
My friend are you buying according SonicR rules?




Sonic
  • #23,877
  • Jul 26, 2011 1:57am Jul 26, 2011 1:57am
Quoting TRMZXT
I don't understand your lines as any form of wave I have ever studied. I can see it being a resistance bounce but not a wave of that time frame. Maybe a higher time frame but not a 15 minute chart. Could you explain?
Brotha, u joined FF since 2006 and u r still confused??
Try it out urself!! Learn from it..

The biggest risk a man could ever take is not taking any risk at all...

Sonic
  • #23,878
  • Jul 26, 2011 3:21am Jul 26, 2011 3:21am
Quoting sonicdeejay
1.450x hit..

Sonic
nice
born to speculate
  • #23,879
  • Jul 26, 2011 3:41am Jul 26, 2011 3:41am
Quoting Doncex
eu,Im bearish
lets wait and let the market decide,waves decide to go to bearish side

comments are welcome
eu hit 37 pips sl

but yesterday I make sonic R long,to h4 trend direction m15 tf trades,closed two trades with 150 pips in the bank

i have two account one account follow h4 trend direction trades

second account tp,sl ratio same.,with this account I make trades against the h4 trend,but with some system improvements...
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  • #23,880
  • Jul 26, 2011 3:44am Jul 26, 2011 3:44am
Quoting sonicdeejay
Boom..

Taken 120 pips.. Near 1.447x..as TP1, see u 1.45xx..
Told cha.. Dont go against the master..

Sonic
Nice master
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