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Sonic R. System

  • #24,521
  • Edited 9:19am Aug 6, 2011 8:57am | Edited 9:19am
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 there. I'm new to this thread but not totally new to forex. I see tons of promise in this system. Here is how I'm going about it. Basically reading everything I can from Sonic and others. It takes time but if you dig through, study charts, etc. you'll find nuggets of gold....just as in other threads.

I bolded your mention of SL as I see this as important and a topic of heated discussion in the thread. Read sonic's 3 posts 832 - 835 (hopefully linked properly herehttp://www.forexfactory.com/showthre...06#post2436506 see great chart examples, and some extremely valuable nuggets on SL in this case.

I am also digging through his old journal and found this. More mention of SL...and I feel very relevant to those of us just starting with this method. Risk tolerance is a very personal thing....however, I think very beneficial to take a look at what some of the more experienced folks (like Sonic) think.

http://www.forexfactory.com/showthre...20#post2387120

Good luck....and the best way to get help is most likely to ask specific questions and include charts when possible.
  • #24,522
  • Aug 6, 2011 7:37pm Aug 6, 2011 7:37pm
Buy
Look for the candle go above upper white line and wait till the candle ends...and put the "Buy stop" few pips above the "High" of that candle.
MACD sloping up.
Stoch pointing up.

Sell
Look for the candle go below lower white line and wait till the candle ends...and put the "Sell stop" few pips below the "Low" of that candle.
MACD sloping down.
Stoch pointing down.

Hope it helps,
Sonic[/quote]


So, we buy and sell on a stop? Thought the object was to buy low/sell high. Please explain a bit.
  • #24,523
  • Aug 6, 2011 11:54pm Aug 6, 2011 11:54pm
Quoting traderathome
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...

Your #2 trade that hit auto SL.

Late Fri spike may be due to following Fri/weekend news:
- Obama's speech
- S&P downgrade USA from "AAA" to "AA+"
- Euro zone may support EUR$ more if Italy PM do their financials cutting
- Japan possibly intervene a 2nd time this coming week/s
  • #24,524
  • Aug 7, 2011 4:41am Aug 7, 2011 4:41am
http://s61.radikal.ru/i174/1108/d4/1a4a5093d808.jpg
  • #24,525
  • Aug 7, 2011 8:22am Aug 7, 2011 8:22am
Quoting sonicdeejay
TP1 hit,, SL @ BE..

Sonic

I missed this entry - Iīm shure I will get a second chance.

U ARE AMAZING SONIC





Peter Schiff

enigma4x
enjoy my life ... and ride the waves - all what I do
  • #24,526
  • Aug 7, 2011 8:39am Aug 7, 2011 8:39am
Quoting enigma4x
Iīm shure I will get a second chance.

enigma4x
Thing are getting out of hand in over the weekend...

EURO has Italy trouble...
US has downgraded trouble...

Wait till LO at least..

Sonic
  • #24,527
  • Aug 7, 2011 9:25am Aug 7, 2011 9:25am
Quoting sonicdeejay
Thing are getting out of hand in over the weekend...

EURO has Italy trouble...
US has downgraded trouble...

Wait till LO at least..

Sonic
Thats true. My weekly and monthly chart from oanda looks scaring. Its not on the lower timeframes, only weekly and monthly. I hope they adjust this spike soon.
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  • #24,528
  • Aug 7, 2011 10:13am Aug 7, 2011 10:13am
Quoting peaches
Thats true. My weekly and monthly chart from oanda looks scaring. Its not on the lower timeframes, only weekly and monthly. I hope they adjust this spike soon.
Is that Oanda chart from Demo or Live ??

hmmm ... big difference to my chart (not Oanda), definitely don't have that spike, unless the spike is happening this Saturday and Sunday which may not reflected till Monday.
  • #24,529
  • Aug 7, 2011 10:24am Aug 7, 2011 10:24am
NFP Trade 5-Aug, EUR/USD Long.

Difference in this NFP trade is there was SL of 50-pips.

Decided to do this NFP trade as entry met criteria before NFP news, and want to ensure SL is followed automatically for such NFP trade.

TP1 was set to reward of 1:1.
Then quickly after entry, changed TP1 to TP2 as since it was NFP news expected higher reward of 2:1 instead.

During NFP news, on purpose was away for 2-hours from computer as not to watch the price changes during news, no itchy fingers to change SL/TP during news.

After NFP news and 50-pips in favour, moved SL1 to SL2 at break even.

Result is exit hit SL at BE, then later price moved to TP1 and TP2.


Attached Image (click to enlarge)
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  • #24,530
  • Aug 7, 2011 11:13am Aug 7, 2011 11:13am
Quoting foxybunny
Is that Oanda chart from Demo or Live ??

hmmm ... big difference to my chart (not Oanda), definitely don't have that spike, unless the spike is happening this Saturday and Sunday which may not reflected till Monday.
It`s on a MT4 demo platform, I think it is an error.
  • #24,531
  • Aug 7, 2011 11:46am Aug 7, 2011 11:46am
crazy chart

Attached Image (click to enlarge)
Click to Enlarge Name: enigma4x_fun.jpg Size: 94 KB




enigma4x
enjoy my life ... and ride the waves - all what I do
  • #24,532
  • Aug 7, 2011 3:36pm Aug 7, 2011 3:36pm
http://www.forexfactory.com/showthre...44#post4846944

forecast by enigma4x
enjoy my life ... and ride the waves - all what I do
  • #24,533
  • Aug 7, 2011 3:59pm Aug 7, 2011 3:59pm
Quoting sonicdeejay
Thing are getting out of hand in over the weekend...

EURO has Italy trouble...
US has downgraded trouble...

Wait till LO at least..

Sonic

hi sonic

has your system stood the test of time and is it still profitable...?
  • #24,534
  • Edited 4:49pm Aug 7, 2011 4:04pm | Edited 4:49pm
Quoting whatfx
hi sonic

has your system stood the test of time and is it still profitable...?
are u profitable or are u still a looser like allways ??? nope

answer to ya question: No the system isnīt profitable. we do this just for fun and have nothing better to do. so we hang arround and write some nonsense over these long period. we are bored and have no friends. u know, that is the reason why we waste our time.

ohh my god

enigma4x
enjoy my life ... and ride the waves - all what I do
  • #24,535
  • Aug 7, 2011 4:18pm Aug 7, 2011 4:18pm
Quoting peaches
It`s on a MT4 demo platform, I think it is an error.


its an error if you win the trade, its right if you lose ... as simple as that.. lol
  • #24,536
  • Aug 7, 2011 5:30pm Aug 7, 2011 5:30pm
Early Monday morning treat...

TP2 hit..

Sonic
Attached Image (click to enlarge)
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  • #24,537
  • Aug 7, 2011 6:03pm Aug 7, 2011 6:03pm
Quoting whatfx
hi sonic

has your system stood the test of time and is it still profitable...?
I wonder that having more than 800 posts what can be your motivation to ask such a thing? I concluded that it is likely that you are paid for your posts. But if you tried to understand what the S/R, L, H, HL and the trend mean, you could easily earn much more money even if you probably will get an extra bonus for your 1000th post. The choice is yours, assuming you have already collected enough money.
Mind the gap
  • #24,538
  • Aug 7, 2011 6:34pm Aug 7, 2011 6:34pm
Quoting Nonin
Buy
Look for the candle go above upper white line and wait till the candle ends...and put the "Buy stop" few pips above the "High" of that candle.
MACD sloping up.
Stoch pointing up.

Sell
Look for the candle go below lower white line and wait till the candle ends...and put the "Sell stop" few pips below the "Low" of that candle.
MACD sloping down.
Stoch pointing down.

Hope it helps,
Sonic

So, we buy and sell on a stop? Thought the object was to buy low/sell high. Please explain a bit.
You might want to look at the chart examples. I have been reading this thread a bit today, and there are plenty of them that make the strategy clear.

My understanding is that a long trade is set up by a low followed by a high, followed by a pullback to a higher low, and then you buy on stop above the high. Therefore, this is a "Buy High, Sell Higher" strategy.

My understanding is that a short sale is set up by a high followed by a low, which is then followed by a rally to a lower high, then you sell short on a break below the initial low. Therefore making this a "Sell low, Buy Lower" strategy.

In the world of trading, the real edges are to be found in one of two ways: you can trade breakouts, or you can trade pullbacks. This SonicR is clearly a breakout strategy, and from what I have read, it is a sound breakout strategy in that it puts you into a breakout in the direction of the main trend early in the next move in that trend.

Again, the chart examples are highly illustrative of the strategy's goal.
  • #24,539
  • Edited 8:06pm Aug 7, 2011 7:25pm | Edited 8:06pm
@traderathome...

http://www.forexfactory.com/showthre...45#post4843645

had a Q you missed. The reason I was ask even more now. Went back through some charts in high volatility periods. (Sonic trading periods) The 1M is very promising using the sonic R as a small chart trader as the 89 ma and the dragon reference larger TF trends in a system I use. I use 4 times frames 1,3,9,27 and general 60 and 240 for overall market looks and you can see all time frame trends above you on a lower TF chart to see the basic trend for that TF basically waves within waves etc. Very effective with PA and MACD and MAs giving you confirmation of trade. Well the Sonic R and the dragon in part do the same thing in a different way which is which is why I have been studying more than trading Sonic though with success. Thanks again!
  • #24,540
  • Aug 7, 2011 7:37pm Aug 7, 2011 7:37pm
Quoting traderathome
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.
Awesome...Thanks, I've been looking around the thread and this method has impressive results. I hope you keep making tons orf profit!!
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