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Sonic R. System

  • #24,501
  • Aug 5, 2011 10:06am Aug 5, 2011 10:06am
Quoting traderathome
AU:

After closing AU long, I looked for any signs that USD strength might creep in to affect PA. I found it on M1 and entered short, EP = 1.0493.

For AU, you may want to check H1 chart with your normal Dragon template.
H1 showing cleaner picture for the last 2 months than M15 chart.
  • #24,502
  • Aug 5, 2011 10:14am Aug 5, 2011 10:14am
Quoting traderathome
AU:

After closing AU long, I looked for any signs that USD strength might creep in to affect PA. I found it on M1 and entered short, EP = 1.0493.
AU:

This M1 short is closed at TP = 1.0427. EP = 1.0493, minus TP = 1.0427, minus 5 pip spread, equals 61 pips profit from EP to TP.
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  • #24,503
  • Aug 5, 2011 10:18am Aug 5, 2011 10:18am
Quoting traderathome
EJ:

Closed, TP = 111.42 minus EP = 111.27 minus 5 pip spread equals 10 pips profit from EP to TP.

You got 10 PIPS, with EP 111.27 and your SL was below 110.80, Does it work in the long run? Your win ratio must be above 75% or 80% just to make some few pips profit? Is it like that or am I calculating wrong figures? How do you make it work? - Thanks
  • #24,504
  • Aug 5, 2011 10:26am Aug 5, 2011 10:26am
Quoting foxybunny
For AU, you may want to check H1 chart with your normal Dragon template.
H1 showing cleaner picture for the last 2 months than M15 chart.
foxy, if you were suggesting that price might drop out of H1 range, to proceed lower, as it did the last time price ranged on H1....

....I was not that sure any drop would occur today, since it is already late in the London session, so I set TP at the S&R of the bottom of the range.

Price did drop out of the range, so far by one more S&R level. As these things go usually, the price will pull back up before any serious drop, all of which will likely be next week. Hence, a new short trade next week should capture the downside move.
  • #24,505
  • Edited 10:51am Aug 5, 2011 10:35am | Edited 10:51am
Quoting Al_Xdarriaga
You got 10 PIPS, with EP 111.27 and your SL was below 110.80, Does it work in the long run? Your win ratio must be above 75% or 80% just to make some few pips profit? Is it like that or am I calculating wrong figures? How do you make it work? - Thanks
I could have closed for more pips, but did not. When I sensed the trade going soft, I closed for what profit there was, rather than losing pips all the way to the SL.

So far this week I have opened and closed 15 SonicR trades for 471 pips profit. Only 2 trades lost pips, so the ratio this week so far is 13:2 winner vs losers. The average pips for all 15 trades is 31. The average for winners is 36. The average for losers is 34. None of this includes anything of the experiment trades. This is all pure SonicR.
  • #24,506
  • Aug 5, 2011 11:21am Aug 5, 2011 11:21am
Quoting traderathome
foxy, if you were suggesting that price might drop out of H1 range, to proceed lower, as it did the last time price ranged on H1....

....I was not that sure any drop would occur today, since it is already late in the London session, so I set TP at the S&R of the bottom of the range.

Price did drop out of the range, so far by one more S&R level. As these things go usually, the price will pull back up before any serious drop, all of which will likely be next week. Hence, a new short trade next week should capture the downside move.
I mean H1 chart looks cleaner than M15, as in looks like the trend is there on H1 rather than M15.
Also it looks like down again.

After you mentioned A/U, I just went short on 1.0400, it went in my favour for about 25pips, then luckily I moved SL to BE.
As last 15min, both A/U and E/U suddenly shot up about 50 pips.
Hit my SL @ BE.
Checked the FF news now, saw yellow news Obama speaking, perhaps this is causing the sudden effect.

Time for weekend close, that's it for me.
  • #24,507
  • Edited 11:45am Aug 5, 2011 11:25am | Edited 11:45am
Quoting traderathome
EU:

USD strength might creep in to affect PA on this one, too. The attached M1 is purely speculative at this moment. If it pans out, it is a 100+ pip trade to the downside.
EU:

Sudden news. SL hit. SL = 1.4237, minus EP = 1.4198, minus spread equals total loss of 41 pips. The news: ECB will back Italian debt, "IF"........,

See, it is like I said. The euro investors only know one way to respond to news, any news, good or bad,.........move it up again! That is a big friggin' "IF". Yet, the Market moves EU higher, as though it is all a given, settled and done with! The Market has done this so often lately, no matter what the news, and with the Germany economy the only stronghold,.....and that starting to soften....., that is real "DENIAL" that is entrenched in the investors and the central banks.

A "soft landing" or a bubble burst, that is what I'd like to know.

Meanwhile, you gotta wonder about the move up. Serious buying,.....on Friday? Or, moved higher for serious profit taking while the opportunity (excuse) is there, and fresh?
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  • #24,508
  • Aug 5, 2011 11:51am Aug 5, 2011 11:51am
Quoting traderathome
AU:

This M1 short is closed at TP = 1.0427. EP = 1.0493, minus TP = 1.0427, minus 5 pip spread, equals 61 pips profit from EP to TP.

?? that is a 1 minute chart?

You said you made 15 profited 13 trades Sonic. IS that based on 15 TF and dragon Crossover price action?
  • #24,509
  • Aug 5, 2011 11:53am Aug 5, 2011 11:53am
Tried your system on trial basis on eur/usd and gbp/usd on 15 min TF for 20 pips each with stop loss and profit taking at 20 pips accordingly. the end result is 3 cosecutive wins. will try it for quite some time on demo until 20 wins. Then would plan a try on live. This is amazing system and it works. Thanks Sonic R.
  • #24,510
  • Edited 12:43pm Aug 5, 2011 12:12pm | Edited 12:43pm
Quoting TRMZXT
?? that is a 1 minute chart?

You said you made 15 profited 13 trades Sonic. IS that based on 15 TF and dragon Crossover price action?
Mostly M15, a couple M5s and M1s. SonicR setup regardless. The M5s and M1s were each 50/50, half gained and half lost, but the net was an overall gain.
  • #24,511
  • Aug 5, 2011 12:32pm Aug 5, 2011 12:32pm
From this site:
http://www.zerohedge.com/

this interesting explanation.....

Two weeks after Zero Hedge readers were informed about it, slowly the sell side is coming to the realization that not only will the EFSF have to be expanded (that much was known), but that Germany, and specifically the outright economy, will be on the hook by an unprecedented amount of money. And expanded it will have to be: not by two, not by three, but by a cool four times, to a unbelievable €3.5 trillion which according to Daiwa's Head of Economic Research, Grant Lewis, is an act which will be necessary to convince financial markets of euro area resolve to save Italy and Spain. Says Lewis: "France, Germany contribution to EFSF’s capital would increase to 80% if Spain, Italy had to drop out of guarantee structure. France, German contingent liabilities would be > 50% of GDP if EFSF expanded; added to France, Germany current debt may trigger downgrades to both countries." Yes... and no. As we explained when we referred to a far more accurate and complete report by Bernstein, merely a €1.5 trillion expansion in the EFSF, would mean that Germany is on the hook to the tune of €790 billion or 32% of German GDP. If France is downgraded, Germany essentially becomes the sole backstopper of the entire Eurozone, to the tune of €1.4 trillion or 56% of its GDP. Now let's assume Daiwa is correct, and the full amount under the EFSF has to increase to €3.5 trillion. That means that Germany "continent liabilities", in the worst case scenario where France again gets downgraded, and it likely will eventually, would surge to about €3.3 trillion, or an insane 133% of German GDP!

-----------------------------------------------------------------
It would seem that the euro zone will be in worse shape by far than the US, printing money left, right, up and down!

And this reveals the Republicans lie to the citizens, that expenditures must be cut to resolve debt. They won't allow taxation of the rich, or of rich corporations because US corporation taxes "are not competitive" with those in other countries.

Oh? And what other countries would those be? The same countries around the world, and expecially in europe, that do not sufficiently tax the rich, and rich corporations? To such an extent that they are in default, or on the verge of default, or are proceeding to massive printing of currency to avoid default?

So, the US should follow their examples?

Hell no! We need to raise taxes, .......considerably! Not just reduce spending. And those other countries need to also. Maybe if we all did, we'd not be in the situations we now find ourselves in. Maybe if we all did, we could better work ouselves out, without defaulting or resorting to massive printing of currency.

The US Republican lie to the citizens is monstrous! And it proves deceipt, and concern for the rich over concern for the nation.

Obviously, the rich are in control everywhere, putting themselves first and their soverign nations into the crapper.
  • #24,512
  • Aug 5, 2011 12:50pm Aug 5, 2011 12:50pm
Quoting traderathome
Mostly M15, a couple M5s and M1s. SonicR setup regardless. The M5s and M1s were each 50/50, half gained and half lost, but the net was an overall gain.
Thanks..interesting! On the M1 and M5 did you use that time frame S&R that you would only see on a M1 or M5 vs lets say a 15 and what about TP was it more large chart based or what? Where most AUD, EU and EUR/JPY?

I am just making sure I see things right. HAve made a few trades Sonic R princples and have done fine but I am making sure I see it better or what is a good tolerance for a setup especially PA Wave etc...
  • #24,513
  • Edited 1:33pm Aug 5, 2011 1:21pm | Edited 1:33pm
EU:

News, a glorious bit of "europe saving" (Yeah, right.) news, and the price was "mad dashed" up again today! As the chart shows, however, the rise was only to the top area of an existing downward sloping channel. So, imho, the rise could be only for the purpose of attaining higher ground for profit taking.

Now, the question is, will the Market leave the price up there? Or, will profit taking into the end of the day be sufficient to start driving the price back down. The price has held up for some time now, a lot of time for profit taking. But, as the day runs out, might there be climatic profit taking that starts to drive the price back down?

WARNING: Speculation!
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  • #24,514
  • Aug 5, 2011 1:28pm Aug 5, 2011 1:28pm
I posted 2 days ago, introducing myself, i thought that anyone could take the time to guide me, but nobody did it. I dont want you to teach me everything I have 6 months on markets, but please maybe a little tutorship or tips, of what to do now if my trades are a disaster (i only see the trend but use short sl and i loose mostly all of my trades) or what trade system do u recommend for rookies... every tip or advice will be very appreciated.... I only ask for a few minutes of your time..
Thank you everyone...
  • #24,515
  • Aug 5, 2011 2:27pm Aug 5, 2011 2:27pm
Quoting mirmidon
I posted 2 days ago, introducing myself, i thought that anyone could take the time to guide me, but nobody did it. I dont want you to teach me everything I have 6 months on markets, but please maybe a little tutorship or tips, of what to do now if my trades are a disaster (i only see the trend but use short sl and i loose mostly all of my trades) or what trade system do u recommend for rookies... every tip or advice will be very appreciated.... I only ask for a few minutes of your time..
Thank you everyone...
Hi mirmidon,

I have read your three posts. But I see no charts of any trade setup that you entered, or even considered entering. So, I presume you have not made any real SonicR trades. Yet, you are asking for tips and advice regarding the Sonic R. System. You need to read everything in post #1, and everything linked in post #1. And you need to start reading the thread, particularly all of Sonicdeejay's posts. There is more than enough information in Post #1 and linked there, to get you started. And Sonic's posts will give you plenty of examples.

There are no tips and advice that is worth more than what is in the material I've mentioned.

The Sonic R. System is simple; few indicators and few rules. The thread is the "course" you need to take. Sorry, No shortcuts, other than perhaps first reading all of Sonic's posts.
  • #24,516
  • Aug 5, 2011 2:47pm Aug 5, 2011 2:47pm
Quoting traderathome
Hi mirmidon,

I have read your three posts. But I see no charts of any trade setup that you entered, or even considered entering. So, I presume you have not made any real SonicR trades. Yet, you are asking for tips and advice regarding the Sonic R. System. You need to read everything in post #1, and everything linked in post #1. And you need to start reading the thread, particularly all of Sonicdeejay's posts. There is more than enough information in Post #1 and linked there, to get you started. And Sonic's posts will give you plenty of examples....


Hi trader, yes in deed IŽve never use the sonic system, and yes I posted 3 times before you kindly response. In fact in the firs post I already mentioned that I dont have an idea of what method use or what method you traders recommend for rookies.... Now iŽll try the sonic r system that u said is simple. Thank you for your guidance, and IŽll be in contact...

Any other comment by any other member, is welcome..
have a nice day
  • #24,517
  • Aug 5, 2011 3:03pm Aug 5, 2011 3:03pm
Quoting sonicdeejay
Last trade for a week...


I am in..

Sonic
TP1 hit.. SL @ BE..
Will post chart ltr..


Sonic
  • #24,518
  • Aug 5, 2011 3:10pm Aug 5, 2011 3:10pm
Quoting mirmidon
I posted 2 days ago, introducing myself, i thought that anyone could take the time to guide me, but nobody did it. I dont want you to teach me everything I have 6 months on markets, but please maybe a little tutorship or tips, of what to do now if my trades are a disaster (i only see the trend but use short sl and i loose mostly all of my trades) or what trade system do u recommend for rookies... every tip or advice will be very appreciated.... I only ask for a few minutes of your time..
Thank you everyone...

I would also recommend got to Sonics profile... click on attachements (pics) which will show examples of his trades and go through them.
  • #24,519
  • Aug 5, 2011 11:59pm Aug 5, 2011 11:59pm
Quoting traderathome
EU:

USD strength might creep in to affect PA on this one, too. The attached M1 is purely speculative at this moment. If it pans out, it is a 100+ pip trade to the downside.
...........m1 reversal points
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  • #24,520
  • Aug 6, 2011 2:37am Aug 6, 2011 2:37am
Quoting sonicdeejay
Last trade for a week...


I am in..

http://www.forexfactory.com/attachme...3&d=1312550239

Sonic
TP1 hit,, SL @ BE..

Sonic
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