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Sonic R. System

  • #24,081
  • Edited 6:09am Jul 29, 2011 5:56am | Edited 6:09am
Quoting ddaytrader
...That is why you must draw an up trend line from the lowest low to the lowest low preceding the highest high. That way, you can be trading the same thing as the nortorious "big boys,"...
Here is why drawing trendlines correctly is important: The best SonicR trades take place when price makes a high, then falls, breaking the correctly drawn trendline and makes a low, from which it then rallies to a lower high that tests the bottom of the correctly drawn trendline as resistance. The SonicR entry is triggered when price breaks to a lower low.

Tecnical analysis is not subjective. There is no "well you do it your way and I'll do it my way." You either do it right or you are doing it wrong.

I will post some recommended readings this weekend for Sonikers who want to get a proper, correct education in correct technical analysis.

-ddaytrader
  • #24,082
  • Jul 29, 2011 6:14am Jul 29, 2011 6:14am
Quoting nando_rich
Elliot waves in EU m30 chart...

What do you think about??

In the oder side if 1.4255 is broken my yesterday analisys could be valid still.

Nando, I have the following showing A-B-C Correction after a Long Impulse on EUR/USD M30.

Hopefully Sunbrella will be around to show some light on this EWT count.

Attached Image (click to enlarge)
Click to Enlarge Name: 2011-07-29_EWT_SonicR_EURUSD_M30.jpg Size: 121 KB
  • #24,083
  • Jul 29, 2011 6:53am Jul 29, 2011 6:53am
Quoting foxybunny
Nando, I have the following showing A-B-C Correction after a Long Impulse on EUR/USD M30.

Hopefully Sunbrella will be around to show some light on this EWT count.

Attachment
The wave B is a bit strange for my eyes...

Yes, we wait for Sumbrella...


BTW...nice and clean chart.
"Being picky only cost your time - not MONEY"...Hans
  • #24,084
  • Jul 29, 2011 7:19am Jul 29, 2011 7:19am
Quoting enigma4x
no problem,

I will answer the developer, is a friend of a friend.

If he will give his okay, then I will share master.

enigma4x
Oh I saw, hasma was share it. I´ve no seen it in login mode yet. cause he is on my ignore list.

fine, job is done.

some pressure and reacation works - like in the chemical process

enigma4x
enjoy my life ... and ride the waves - all what I do
  • #24,085
  • Jul 29, 2011 7:44am Jul 29, 2011 7:44am
Possible risky Long trade spotted..

Sonic
Attached Image (click to enlarge)
Click to Enlarge Name: shi.gif Size: 45 KB
  • #24,086
  • Jul 29, 2011 8:26am Jul 29, 2011 8:26am
Quoting sonicdeejay
Possible risky Long trade spotted..

http://www.forexfactory.com/attachme...3&d=1311943436

Sonic
40 mins later...
1.4357 TP 1 hit..

Sonic
Attached Image (click to enlarge)
Click to Enlarge Name: shi.gif Size: 45 KB
  • #24,087
  • Jul 29, 2011 8:53am Jul 29, 2011 8:53am
I took my first sonicr demo last night as well on audusd as some of the others noted. I had 35 p s/l and gained 50p for a 1.35R.

I'm currently using wave analysis, dragon, 89, and horizontal s/r in my analysis. I loaded the VSA indi, but need more study on that concept.

Would appreciate any thoughts from sr sonicers on the setup - especially my wave analysis, as this part is new to me. I'm comfortable with PA bars and S/R.

Some of my miscellaneous thoughts:

 

  1. I think I could have gotten in earlier (should have) but I'm used to trading breaks of daily pa candles so this is something I can work on.
  2. I had a trade plan which I felt was good. I reduced risk (not quite BE) at TP1 put in a TP at TP2 on whole position. I typically don't split positions, so I will have to determine if I should reconsider for this system.
  3. This was Asia session so maybe not a true sonicr setup.
  4. I moved stop, went to bed and woke up to 1.35R (I could get used to that).

Thanks in advance for any critiques.

Attached Image(s) (click to enlarge)
Click to Enlarge Name: sr demo 001a.gif Size: 27 KB
Click to Enlarge Name: sr demo 001b.gif Size: 30 KB
  • #24,088
  • Jul 29, 2011 9:04am Jul 29, 2011 9:04am
Have a great weekend..ahead fellas..
I gonna end with 1 trade opens with Sl @ BE..
It has been a great week so far with no loss...


Inserted Video


It is such a pure joy to see fellow sonikers doing great...
Sonic
  • #24,089
  • Jul 29, 2011 9:06am Jul 29, 2011 9:06am
NICE WEEKEND SONICAZ

I´m out for me is weekend ...

Attached Image (click to enlarge)
Click to Enlarge Name: live_trades_proof_eu4.jpg Size: 111 KB


only one market ...

about 80% gain this week for all - was a good week for me

trade safe

enigma4x aka real money trader
enjoy my life ... and ride the waves - all what I do
  • #24,090
  • Jul 29, 2011 9:28am Jul 29, 2011 9:28am
Quoting enigma4x
about 80% gain this week for all - was a good week for me

enigma4x aka real money trader
Rock On

http://anchoredbygrace.com/smileys/OLA.gif

Sonic
  • #24,091
  • Jul 29, 2011 9:36am Jul 29, 2011 9:36am
Dear All,

Is the setup to buy audusd a valid one as per sonic entry criteria?

Thanks in advance

Regards

Ali Raza
Attached Image (click to enlarge)
Click to Enlarge Name: sonic audusd setup.gif Size: 32 KB
Raza
  • #24,092
  • Jul 29, 2011 9:43am Jul 29, 2011 9:43am
Quoting samtrade
Hi,
I just start learning this system in my trading. I am not sure if I understand correctly.
According to the rule, should the entry be when the second candle goes lower than the previous candle that closes below dragon (plus the above condition)?
Hi samtrade,

Put the entry a few pips below the low of that candle. Check out the manual.

carbwb6
  • #24,093
  • Jul 29, 2011 9:50am Jul 29, 2011 9:50am
Quoting traderathome
UCad:

Been ranging like UChf. Now a setup. And price has pulled back to EP area. Not yet London session, though. That is the only drawback at this point. London traders might pull PA down for better long entry.

Enter, or wait? You decide. Worth keeping a watch on because this looks like a PA Wave depicting a break up thru the whole number S&R area.
UCad:

TP reached. This was not a trade for me as such, since I was already long this pair with multiple entries.
Attached Image (click to enlarge)
Click to Enlarge Name: # july 29, 2011 - 263.gif Size: 31 KB
  • #24,094
  • Jul 29, 2011 9:55am Jul 29, 2011 9:55am
Quoting traderathome
UCad:

Added EP4 long = 0.9460 at S&R.
UCad:

Trade closed at 0.9478, which is the same price as the first entry long.....

04 pips loss on EP1 long = 0.9578.
23 pips gain on EP2 long = 0.9551.
76 pips gain on EP3 long = 0.9498.
114 pips gain on EP4 long = 0.9460.
*209 pips total profit*
Attached Image (click to enlarge)
Click to Enlarge Name: # july 29, 2011 - 264.gif Size: 24 KB
  • #24,095
  • Jul 29, 2011 9:59am Jul 29, 2011 9:59am
way to go bro!

Quoting traderathome
UCad:

Trade closed at 0.9478, which is the same price as the first entry long.....

04 pips loss on EP1 long = 0.9578.
23 pips gain on EP2 long = 0.9551.
76 pips gain on EP3 long = 0.9498.
114 pips gain on EP4 long = 0.9460.
*209 pips total profit*
Raza
  • #24,096
  • Jul 29, 2011 10:00am Jul 29, 2011 10:00am
Quoting nando_rich
Elliot waves in EU m30 chart...

What do you think about??

In the oder side if 1.4255 is broken my yesterday analisys could be valid still.

I took this trade like i said this morning...my SL wasn't hit for 1pips...the important thing is to respect the trading plan and the SL....the better thing is go far of the screen and to check it 3-4 times in the day like the master says...

Finally i closed it manually on confluence of H4 UTL past + S&R Zone + bearish m30 engulfing...

+63 pips

Good week for me too...

Best Regards
Attached Image (click to enlarge)
Click to Enlarge Name: eu8_m15.gif Size: 29 KB
"Being picky only cost your time - not MONEY"...Hans
  • #24,097
  • Jul 29, 2011 10:01am Jul 29, 2011 10:01am
Quoting nando_rich
Elliot waves in EU m30 chart...

What do you think about??

In the oder side if 1.4255 is broken my yesterday analisys could be valid still.

nando, did u catch the C-wave ?

As the price seem to follow the waves you drawn.
  • #24,098
  • Jul 29, 2011 10:01am Jul 29, 2011 10:01am
Way to go bro!

Have a gr8 weekend

Quoting enigma4x
NICE WEEKEND SONICAZ

I´m out for me is weekend ...

Attachment

only one market ...

about 80% gain this week for all - was a good week for me

trade safe

enigma4x aka real money trader
Raza
  • #24,099
  • Jul 29, 2011 10:02am Jul 29, 2011 10:02am
Quoting traderathome
UChf:

Added EP5 long = 0.8088 on this 25+ pip gap down and small further trade-down. Not a SonicR trade, just taking the same advantage as I see the BBs doing. Down on the M1 chart around this time, there is not a huge quantity of trades, but then those that are could be huge in size. There is no telling, except by future PA. Meanhile, this is speculation, and high risk,......which I have decided to take.
UChf:

I have since added EP6 long = 0.8010, and EP7 long = 0.7872, per attached. These entries are not SonicR and are posted only for continuity on this UChf long trade.
Attached Image (click to enlarge)
Click to Enlarge Name: # july 29, 2011 - 265.gif Size: 19 KB
  • #24,100
  • Jul 29, 2011 10:07am Jul 29, 2011 10:07am
Quoting traderathome
UChf:

I have since added EP6 long = 0.8010, and EP7 long = 0.7872, per attached. These entries are not SonicR and are posted only for continuity on this UChf long trade.
I hope DD is not around...
"Being picky only cost your time - not MONEY"...Hans
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