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Sonic R. System

  • #25,721
  • Aug 30, 2011 2:42pm Aug 30, 2011 2:42pm
Hello Traderathome and sonicdeejay

I am a newbie and I found this tread today, I must say its a very looong thread.
I read the first 20 pages of the thread and would like to know a few things :

1. Is the sonic method from post 1 up to now (2011) consistent after all these years?
I downloaded the Sonic V3.

2. Traderathome are you a full time trader? or do you have another job and do trading part time?

3. What advice would you give someone that wants to trade as a full time job?
would it be a good idea?

I'm hoping to gain lots of valuable info from this tread any for many successful trades. I will be posting my trades as I go along

Regards
X-man
X-man the legendary conqueror of markets
  • #25,722
  • Aug 30, 2011 3:12pm Aug 30, 2011 3:12pm
Quoting Muhammad989
trade safe and wait for the trade let it come to u .....now i get trades on weekly basis, just get 3 to 5 trades per month..

Does this make sense?

Now If we put few more Zero behind those number.. what do we have?
It can be 2000 Dollars or 20.000 Dollars or even more..

. That's not so bad for monthly income, right ?

It's a flip of coin actually. You dont have to win them all
to start make money you kn

We can't control the mkt, it decides itself, But we can control our risk...
Could you show us any weekly trade pic?

What setup are you looking for take a trade?



Thanks.
"Being picky only cost your time - not MONEY"...Hans
  • #25,723
  • Aug 30, 2011 3:22pm Aug 30, 2011 3:22pm
Quoting nando_rich
Could you show us any weekly trade pic?

What setup are you looking for take a trade?



Thanks.
Weekly basic he means he usually have around only 1 trade per week. He implies that patience would pay off for those who wait.
  • #25,724
  • Aug 30, 2011 3:28pm Aug 30, 2011 3:28pm
1 trade per week?
  • #25,725
  • Aug 30, 2011 4:51pm Aug 30, 2011 4:51pm
Quoting duyk20
Weekly basic he means he usually have around only 1 trade per week. He implies that patience would pay off for those who wait.
ok...but if it is so...

How is his checklist to trade 1 time in the week? i saw he use 5min chart in his example...the 5min chart give you tons of setups along of the week.

How does he get to be so selective?

What is the difference between what he sees and what we see?

I can understand the piphunter plains...he talk about to be picky and he show why...he show his h1-h4 chart and wait for the PA reject this levels and the wave forming...

I'd like to learn how to be more picky and how this kind of traders work...and how they handle his emotions if they wait all the week (40 hours of screen time) for 1 single trade and it's a loser.

I try to be picky but i see 5-6 setups every week...iclusive more if the pairs are in h4 range.

Regards.
"Being picky only cost your time - not MONEY"...Hans
  • #25,726
  • Edited 6:02pm Aug 30, 2011 5:19pm | Edited 6:02pm
GU:

Muhammad's M5 Setup and SonicR M15 Setup......

You can see from Muhammad's M5 chart and the M15 chart that the entry to the classic SonicR M15 long setup has not yet occurred. Moreover, the Dragon is not yet angled up. And if you are using the Trend line, both the Dragon and PA are below it.

If any conclusion might be made of this, it is that more time is needed for PA to come to produce a classic M15 SonicR setup, either up or down. PA could follow thru and complete this M15 possible long setup. On the other hand, since this is asian session time, everything can fall apart and come together completely different for the next London session. This could turn out to be a short, something like in the 3rd pic.

Be advised that tomorrow at 8:15am EST there is the USD high impact ADP Non-Farm Employment Change release. Between now and then trading concerns may do "posturing", but we cannot know how the market will respond to the release.

Regards,
-tah
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  • #25,727
  • Edited 6:00pm Aug 30, 2011 5:43pm | Edited 6:00pm
EU:

PA has bounced down from S&R. This looks like an M15 classic SonicR short setup could develop. However, the Dragon is not positively angled up or down at this time. Be advised that tomorrow at 8:15am EST there is the USD high impact ADP Non-Farm Employment Change release. Between now and then trading concerns may do "posturing", but we cannot know how the market will respond to the release.
Attached Image(s) (click to enlarge)
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  • #25,728
  • Aug 30, 2011 6:42pm Aug 30, 2011 6:42pm
Quoting sonicdeejay;2u309080
Good EJ Long..
*Take a look at how H1 SHI trendline act as the resistance...


Sonic
you know the orignal system placed stop at the lowiest white line as a point of validation meaning you should place your stops on the 3rd white line and open after the pair crossed up threw thwe first white line raghee stated that you enter for a reason and when that reason is no longer valid you should be out she sates that the point of validity is the candle that she took her trade on and if the candle breaks back down threw the wave then it is no longer valid I use this system all the time and it makes me profits on all time frames and all pairs it is a great system.
  • #25,729
  • Aug 30, 2011 6:47pm Aug 30, 2011 6:47pm
you guys are trying to complicate an easy system the orignal is good 34EMA HLC Stach 833 or MACD Histoogram and draw trend lines take the trades in direction of the trend very simple stop adding complex indictors to it and you'll do just fine.
  • #25,730
  • Aug 30, 2011 7:18pm Aug 30, 2011 7:18pm
Here's a trade on EUR/USD I use the 1H charts for my trading it works just as well as the 5M and 15M the original system is universal meaning good on anytime frame and pair.
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  • #25,731
  • Aug 30, 2011 7:37pm Aug 30, 2011 7:37pm
So Far So Good on this one. 21 pips prfofit so far
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  • #25,732
  • Aug 30, 2011 8:12pm Aug 30, 2011 8:12pm
Quoting imnotapro
you know the orignal system placed stop at the lowiest white line as a point of validation meaning you should place your stops on the 3rd white line and open after the pair crossed up threw thwe first white line raghee stated that you enter for a reason and when that reason is no longer valid you should be out she sates that the point of validity is the candle that she took her trade on and if the candle breaks back down threw the wave then it is no longer valid I use this system all the time and it makes me profits on all time frames and all pairs...
Thank you for your post, imnotapro. I am particularly interested because I'm currently absorbing all I can get regarding the placement of a SL. I have attached a picture of my understanding of your information. Please confirm if I have understood you correctly. If I entered at black horizontal line (PA at least several pips below first candle exiting Dragon), then my red SL line should be placed at the level of the upper Dragon line that coincides with the vertical line of that first exiting candle. This is correct?
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  • #25,733
  • Aug 30, 2011 8:13pm Aug 30, 2011 8:13pm
EJ Short ... for TAH ... let the market decide
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  • #25,734
  • Aug 30, 2011 8:15pm Aug 30, 2011 8:15pm
Quoting ddaytrader
EJ Short ... for TAH ... let the market decide

New TP ... looking for 109.85 instead of 110.20. EP 110.66, SL 110.93 ...
Attached Image (click to enlarge)
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  • #25,735
  • Aug 30, 2011 8:19pm Aug 30, 2011 8:19pm
Quoting ddaytrader
EJ Short ... for TAH ... let the market decide
Thanks, ddaytrader. Your chart is a very clear depiction of a trade.
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  • #25,736
  • Aug 30, 2011 8:27pm Aug 30, 2011 8:27pm
Quoting ddaytrader
New TP ... looking for 109.85 instead of 110.20. EP 110.66, SL 110.93 ...
And this is why I really do not like this particular SonicR - the EP was above support, and therefore really in the middle of a range. Price is now in a support area, and a break and hold below that level would be comforting hoping for a big old PA hug
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  • #25,737
  • Aug 30, 2011 8:51pm Aug 30, 2011 8:51pm
Quoting ddaytrader
And this is why I really do not like this particular SonicR - the EP was above support, and therefore really in the middle of a range. Price is now in a support area, and a break and hold below that level would be comforting hoping for a big old PA hug
Yeah, with ADP release things could be ranging until it happens. I put your revised stats on white chart for those that prefer. You took a early entry (.......just kidding).
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  • #25,738
  • Aug 30, 2011 9:14pm Aug 30, 2011 9:14pm
Quoting traderathome
... I am particularly interested because I'm currently absorbing all I can get regarding the placement of a SL....
TAH, of the three components to a SonicR trade, SL should be the easiest to locate.

EP's can be difficult, because sometimes the first obvious EP occurs from inside a range. Do we enter then? Do we wait until the range is broken? Should we wait for price to break the first obvious entry and then enter on a reaction? It can be tough stuff coming up with the proper EP.

TP's can be difficult, because while S/R work well and Fibs work well, neither is 100%. Sometimes the market cuts right through S/R and nails a fib level to the pip, while other times price comes within whiskers of an S/R & fib confluence area only to race the other way back toward out EP. It can be tough stuff coming up with the proper TP's.

But the stop loss is easy. It is dictated by your EP. If you enter long after a low, high and higher low, then your stop loss goes a few pips below the low itself. Why? Because if price goes below there, even by a pip, then the logic of the trade no longer exists. You entered long because the logic of the trade is that higher highs and higher lows lead to higher prices. The logic of the trade only exists so long as the pattern of higher highs and higher lows continues. The moment that low is taken out and price makes a lower low, the logic has been destroyed, and you must exit the trade to protect your capital and wait for the next set up.

If you enter short after a high, a low, and a lower higher, then your stop loss goes a few pips above the high itself. Why? Because if price goes above that high, even by a pip, then the logic of the trade no longer exists. You entered short because the logic of the trade is that lower lows and lower highs lead to lower prices. The logic of the trade only exists so long as the pattern of lower lows and lower highs continues. The moment that high is taken out and price makes a higher high, the logic has been destroyed, and you must exit the trade to protect your capital and wait for the next set up.

Once the logic of the trade is destroyed, remaining in the trade becomes illogical. In programmer's speak - staying short in the face of higher highs and higher lows does not compute. Likewise, staying long in the face of lower highs and lower lows also does not compute.

Setting your SL is easy - you simply place it where the logic of your position breaks down, and it is no longer logical to maintain that position.
  • #25,739
  • Aug 30, 2011 9:34pm Aug 30, 2011 9:34pm
Quoting ddaytrader
TAH, of the three components to a SonicR trade, SL should be the easiest to locate.

EP's can be difficult, because sometimes the first obvious EP occurs from inside a range. Do we enter then? Do we wait until the range is broken? Should we wait for price to break the first obvious entry and then enter on a reaction? It can be tough stuff coming up with the proper EP.

TP's can be difficult, because while S/R work well and Fibs work well, neither is 100%. Sometimes the market cuts right through S/R and nails a fib level to the pip, while other...
It computes! It computes! Ok! Another great ddaytrader post. And it's clear message cannot be stated with any greater precision or logic.

(Now, to follow it....... )
  • #25,740
  • Aug 30, 2011 9:42pm Aug 30, 2011 9:42pm
Quoting traderathome
GU:

Muhammad's M5 Setup and SonicR M15 Setup......

You can see from Muhammad's M5 chart and the M15 chart that the entry to the classic SonicR M15 long setup has not yet occurred. Moreover, the Dragon is not yet angled up. And if you are using the Trend line, both the Dragon and PA are below it.

If any conclusion might be made of this, it is that more time is needed for PA to come to produce a classic M15 SonicR setup, either up or down. PA could follow thru and complete this M15 possible long setup. On the other hand, since this is...
That's what I'm talking about... very good TAH, its always good to have a post like that once in a while to remind people about SonicR trading system... even more now that the discussion about non SonicR has increased..
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sonicdeejay