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Sonic R. System

  • #24,361
  • Aug 3, 2011 10:54am Aug 3, 2011 10:54am
Quoting sonicdeejay
Trail ur profit closely as the main bias is still down...


Sonic
Hello Sonic, thank you for what I think is a great system. I am a relative newbie and do not understand everything. I have a few questions I hope you can answer. or if anyone can answer and clarify some things I would appreciate it. First of all what is the bias and how do you determine it. Second, when I first found your system it used indicators that are not being used on the thread, NVO, CCI, ZZ fractal, etc. Have you changed from this original and can you direct me to post or instructions for its current use? Also, are there any instructions for how to use this system anywhere other than the ones on the first pages as some of this is a bit confusing to me. Also, can this system be used successfully in higher time frames as the optimal times for trading are during middle of night where I am. Thanks in advance for your help and for this great system. MSN
  • #24,362
  • Aug 3, 2011 11:04am Aug 3, 2011 11:04am
eu still short

enigam4x
enjoy my life ... and ride the waves - all what I do
  • #24,363
  • Aug 3, 2011 11:15am Aug 3, 2011 11:15am
With the recent help I got from nando_rich I did some H4 analysis and then applying some useful posts by DD, who has been real helpful as well I tried and make a trading plan for AU...

It may help as an exercise, for any noobs to follow by doing your own exercises (do not follow mine) and enriched by the comments of our experienced traders...
Attached Image (click to enlarge)
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Flp. 4:13
  • #24,364
  • Edited 11:58am Aug 3, 2011 11:41am | Edited 11:58am
Quoting Anthar
With the recent help I got from nando_rich I did some H4 analysis and then applying some useful posts by DD, who has been real helpful as well I tried and make a trading plan for AU...

It may help as an exercise, for any noobs to follow by doing your own exercises (do not follow mine) and enriched by the comments of our experienced traders...

My comments, hope this helps,
Attached Image(s) (click to enlarge)
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Click to Enlarge Name: au 4 hour.gif Size: 53 KB
"The future is already written in the past"
  • #24,365
  • Aug 3, 2011 12:05pm Aug 3, 2011 12:05pm
hansma and Anthar,
Thankyou so much for the very helpful charts. You're both a great a help and have definitely helped me improve my trade.
.... laughing all the way to the bank
  • #24,366
  • Aug 3, 2011 12:10pm Aug 3, 2011 12:10pm
Quoting itsallover
hansma and Anthar,
Thankyou so much for the very helpful charts. You're both a great a help and have definitely helped me improve my trade.

No problem - ask any questions you want.

"Sharing is caring"
"The future is already written in the past"
  • #24,367
  • Aug 3, 2011 12:15pm Aug 3, 2011 12:15pm
hansma,
On your chart it says Rg H and Rg L. What does this mean? And how did you arrive at the figure 1.067?
Thanx
.... laughing all the way to the bank
  • #24,368
  • Aug 3, 2011 12:19pm Aug 3, 2011 12:19pm
Quoting nando_rich
You've 2 settings:

Hans setting: with entry point in -24% FE (a bit more agressive)
Nando setting: with entry point in -38% FE (usually fit with the PA above/bellow the dragon) more conservative but a little worst R:R but more accurate to SonicR classic entrys.

Your choice

http://www.forexfactory.com/showthre...17#post4818617

Regards.

Thak you for your replay and help

Regards
Abdul
  • #24,369
  • Aug 3, 2011 12:24pm Aug 3, 2011 12:24pm
Quoting itsallover
hansma,
On your chart it says Rg H and Rg L. What does this mean? And how did you arrive at the figure 1.067?
Thanx
Itīs part of Tahīs templates from 16/7 and means range low/high for the day. They ajust as price moves along...
"The future is already written in the past"
  • #24,370
  • Aug 3, 2011 12:30pm Aug 3, 2011 12:30pm
Quoting hansma
My comments, hope this helps,
It is more than helpful, thanks hansma... I see that selling on that level 1.067x I planned would've been selling straight into the support....

What I don't have that clear yet is how will the wave form for a short setup when PA reaches that ressistance level you mark to look for short setups... I guess this will come from experience and time looking at PA...

I will follow the development of this pair closely and maybe I could post something further on this.... thanks a lot for your help mate!!
Flp. 4:13
  • #24,371
  • Aug 3, 2011 1:04pm Aug 3, 2011 1:04pm
Hey traders I am a newbie looking forward to learning from all of you. My question is this: Is there a specific place I am looking for low and higher low or high and lower high to occur in relation to the sonic dragon? Thanks
  • #24,372
  • Aug 3, 2011 1:14pm Aug 3, 2011 1:14pm
Quoting foxybunny
TAH, whenever a Trader(especially a Short-Term trader) uses a word like "SECURE", this is a Big Red Danger Sign.
No one, that is No one, really knows where or when price will go next, and cannot feel secured.
If you truly feel secured, then by putting a specific SL, you will know for sure it will definitely never hit that SL you placed. But you know this is not true.
If a Trader feels secured, this would likely to turn out the Trader will become a Long-Term Investor Holder instead, and this is...
Foxybunny,....WOW! You sure put a lot of thought, caring and work into that post. And I appreciate every word of it. I must read and reread it to digest well all the points made. I want to make a response now, however, to show I have noticed the post, and to expound on a couple of things.

1. My saying that the trade is with the trend and that I felt secure in that, was just another way of saying "the trend is your friend", which is true since far more often than not PA resumes the trend. Trend resumptions are far more frequent than trend reversals.

2. My experiement started the third week of November 2010 and I gave it a year. However, I see the danger in having let that experiment develop habits that will not serve me well overall, which is one reason I have decided to cease further such trades, and give the alloted time for running trades to work out however they might. Also, an unexpected complication is the multiple accounts nececessary to the method, some for just longs and some for just shorts. I heard of a trader that opens an account for each trade, so no matter how that trade goes, it has no effect on any other trade. I don't want to have to go to that extreme, though with the experiment it sometimes seems the best way to go. And too, I come to find I do not like waiting so long for results, nor the inefficient use of the time value of funds.

So, I am focusing now on pure Sonic R. I am absolutely sure the results of the experiment are going to be exceedingly good, but with the exceptions I noted regarding waiting, multiple accounts required, and the time value of money. By the time the experiment ends, I should be well on the Sonic R. road, and in a better position to look at both in an "overall" way.

As I said, there is much in your post for me to digest, and these few remarks only respond to a small part. Thank you for your attentiveness, foxybunny.

Regards,
-tah
  • #24,373
  • Aug 3, 2011 1:16pm Aug 3, 2011 1:16pm
Quoting Anthar
It is more than helpful, thanks hansma... I see that selling on that level 1.067x I planned would've been selling straight into the support....

What I don't have that clear yet is how will the wave form for a short setup when PA reaches that ressistance level you mark to look for short setups... I guess this will come from experience and time looking at PA...

I will follow the development of this pair closely and maybe I could post something further on this.... thanks a lot for your help mate!!
Hi Anthar,

Now this is not the best setup in fact itīs messy - just look at it as an example. Look at these areas and see if they hold like in your example for the up move break out and retest - then look for the waves. Itīs all about reaction around these 4 hour areas. Hope this helps.
"The future is already written in the past"
  • #24,374
  • Aug 3, 2011 1:41pm Aug 3, 2011 1:41pm
Quoting sonicdeejay
Still holding my long for 2 days..
Both TPs hit.. And SL @ BE..

I gonna sleep like a baby..

Trade Safe fellas.. I wonder how is TAH..

Sonic
Sonic, TAH is fine, and thanks for the thought. Figure Friday will be the big day, and maybe not to trade again until next week, aside from any opportunities to close existing trades twix now and then. Meanwhile, using some of the time to work on some things I have wanted to get to.

BTW, as you are now aware, SL management has become my foremost concern. So if you can, going forward with your great trade examples, please continue to chart clearly your EP, TPs and SLs.

Thank you, Sonic.

Regards,
-tah
  • #24,375
  • Aug 3, 2011 2:04pm Aug 3, 2011 2:04pm
EJ:

I have decided to enter this long, EP= 110.26, as an asian session trade.
Attached Image (click to enlarge)
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  • #24,376
  • Aug 3, 2011 2:50pm Aug 3, 2011 2:50pm
Quoting hansma
Hi Anthar,

Now this is not the best setup in fact itīs messy - just look at it as an example. Look at these areas and see if they hold like in your example for the up move break out and retest - then look for the waves. Itīs all about reaction around these 4 hour areas. Hope this helps.
Understood, I'll just take it as an exercise to see how PA behaves around this levels.. thanks for all mate
Flp. 4:13
  • #24,377
  • Aug 3, 2011 3:19pm Aug 3, 2011 3:19pm
Here's one I'm looking at to demo. I know it's late.

4H shows strong down trend - I've marked 3 key levers of s/r as I see them.

15M has formed H -L - LH with the LH at the Daily pivot. The L broke the dragon. If a candle closes below the lower S/R with dragon angled down I will sell at area marked with S/L and TP1 and TP2 marked.

DT is so strong - I won't consider a CT trade.

As always critique of my thought process greatly appreciated.
Attached Image(s) (click to enlarge)
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  • #24,378
  • Edited 3:26pm Aug 3, 2011 3:25pm | Edited 3:26pm
Quoting traderathome
EJ:

I have decided to enter this long, EP= 110.26, as an asian session trade.
I looked at this one but was concerned about the 4H potential resistance area. Looks like you had a nice hard break. I'll be interested to watch this one play out.
Attached Image(s) (click to enlarge)
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  • #24,379
  • Edited 3:42pm Aug 3, 2011 3:32pm | Edited 3:42pm
Quoting Anthar
Understood, I'll just take it as an exercise to see how PA behaves around this levels.. thanks for all mate
Anthar, maybe this will also help.....

1. You can see how historically the PA ranged in the vacinity of the three S&R areas boxed on the H4 chart. So, when PA again fell to this area, one would expect something other than a pass thru or an immediate bounce of any significance. The area is like a quagmire of sludge that entraps PA for awhile.

2. Also, this week has been dominated by the waiting for the outcome of the US debt ceiling issue. Once resolved, instead of getting immediate and continuing USD strength across the board, the Market made some concessions to the USD and then "quickly rushed" to continue to wait for the end of week USD high impact NFP release. In other words, the Market has been so entrenched in USD weakness, the dollar is going to have to bite the Market in the ass to get it to respond otherwise. So, with more indecision, we are back to ranging.
Attached Image (click to enlarge)
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  • #24,380
  • Aug 3, 2011 3:50pm Aug 3, 2011 3:50pm
Quoting traderathome
EJ:

I have decided to enter this long, EP= 110.26, as an asian session trade.
Gd morning.. Sir

Set up seems fine,, only the timing us not,,

Once u set it, do not change..

Let the mkt decides..

Sonic
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