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Sonic R. System

  • #25,961
  • Sep 5, 2011 7:30am Sep 5, 2011 7:30am
I need your help...

Could you add an alarm in you candle vol indi for climax candles?

Thanks in advance.
"Being picky only cost your time - not MONEY"...Hans
  • #25,962
  • Sep 5, 2011 8:05am Sep 5, 2011 8:05am
Here is what a real bull flag looks like ... and while it does not mean that higher prices are certain, it gives me a bull bias. I see a lot of Sonikers post what they call bull flags and bear flags, and rarely do any of them represent what technicians mean by a flag formation.

Flags should have trendlines that slope in the opposite direction of the the most recent thrust-like move. In this case, price thrusted or "impulsed" off its 77.1x lows on 9/2. Since that rally topped, price has gone down, i.e. opposite the thrust.

Furthermore, for a formation to be a flag, that counter trend pullback should be contained by trendlines that are either parallel to one another or converge, i.e. point toward one another. If the trendlines diverge, or widen, then you may still be looking at a correction and not a reversal, but it is not a flag.

Flags often have break outs that fail, so rather than trade the BO from this flag, should it come, I would switch to an M15 and await the breakout (High) and then a pullback into the dragon (Higher Low) and then wait for a proper SonicR entry on a new high (Higher High).
Attached Image (click to enlarge)
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  • #25,963
  • Sep 5, 2011 8:14am Sep 5, 2011 8:14am
Quoting ddaytrader
...rather than trade the BO from this flag, should it come, I would switch to an M15 and await the breakout (High) and then a pullback into the dragon (Higher Low) and then wait for a proper SonicR entry on a new high (Higher High).
Flag breakout and pullback. Top chart shows H1, bottom chart shows M15 where I would await further PA to set up a SonicR, though it is possible that the blue trendline becomes a long entry.
Attached Image(s) (click to enlarge)
Click to Enlarge Name: USDCHF H1 Bull Flag 2.jpg Size: 69 KB
Click to Enlarge Name: USDCHF H1 Bull Flag 2 M15.jpg Size: 77 KB
  • #25,964
  • Sep 5, 2011 8:20am Sep 5, 2011 8:20am
Quoting ddaytrader
I do not see your chart.
Chart is reattached. The price's hit SL @ BE. Wer TP & SL levels correct?

http://www.forexfactory.com/attachme...1&d=1315235999
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  • #25,965
  • Edited 8:47am Sep 5, 2011 8:28am | Edited 8:47am
Quoting ddaytrader
Flag breakout and pullback. Top chart shows H1, bottom chart shows M15 where I would await further PA to set up a SonicR, though it is possible that the blue trendline becomes a long entry.
A ddaytrader educational post par excellance'! Way to go! This is the stuff that adds value to this thread!!!

Thank you, ddaytreader.

And....
1. PA wave leg 1 thru Dragon.
2. PA wave leg 2 pulled back to SR.
I am already long on this since Friday. We'll see how it continues to go.


-tah
Attached Image (click to enlarge)
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  • #25,966
  • Edited 9:15am Sep 5, 2011 8:51am | Edited 9:15am
Quoting ddaytrader
M5 should never be used for CT trades, IMHO. You were entering just as price was rallying for a first touch of the dragon on M15. The dragon often acts as "dynamic" Support and Resistance, i.e. it offers resistance during down trends and support during up trends, and as it is a "moving" average, this support and resistance is dynamic becuase it moves or changes level as PA develops. It is not nearly as important as actual chart levels, but you are better to heed it than trade againsts it.
ddaytrader have you ever traded smaller charts in relation to larger TF's? Everything you have said is relative as you know. I find this to be a very biased comment much like your comments about BB only look at big charts. No BB look at everything down to the 1M chart. If ever traded the smaller TF like the 5M you can see the price action in relationship to the 15M and 1H and the 4HR. By any definition of trading CT within a WA analysis you can trade a FIB off of resistance. CT trading must be relational to upper charts you are looking at and a chart below you. Generally in a 3X or 4X. It might not be CT and might be a reversal as I have seen that many times.
  • #25,967
  • Sep 5, 2011 9:16am Sep 5, 2011 9:16am
Quoting TRMZXT
...I find this to be a very biased comment ...
Trading M1 and 10 Second and even M5 (except under the most volatile market conditions) are outside of the purview of this thread, may I suggest you start another thread and as OP you can take it wherever you want.

Quoting sonicdeejay
Since most of us (including me) use Sonic R...on 15m .. I suggest we should stick to it...

Sonic
It is not a bias if it is in keeping with the OP of the thread.

And I will remind you that though Sonic talks of the "Big Boys" he is in fact analyzing volume and Volume Spread Analysis. Unlike others, Sonic is not writing fictional stories about the Big Boys and like a novelist creating thoughts and emotions and actions for the Big Boys. All Sonic means by "Big Boys" is high volume activity. He is a trader, not a story teller.
  • #25,968
  • Sep 5, 2011 9:24am Sep 5, 2011 9:24am
Quoting phi1ipp
I've noticed that a lot of big moves begins before London's open. Is it safe to open the position there?
Sonic prefers to trade after the London open.

I have traded SonicR for three years and in my experience, the time of day means very little so long as you are trading the best waves. Of course, high volume is always preferable to low volume, as technical analysis works best, and some would say only works at all, when there is sufficient liquidity to keep the market floating.

I have traded Tokyo and US with as much success as anyone here has had trading London only.

Price really doesn't care what time it is.
  • #25,969
  • Sep 5, 2011 9:31am Sep 5, 2011 9:31am
Thank you very much ddaytrader!

And another question of a newby.

I've noticed today that i.e. EU didn't give a chance to open according to the system. But... there was a chance to do re-enter. Please have a look at the graph. Is it OK to re-enter the trend with short according to the re-enter rules? I mean CCI turns red and QQE is below the mediane. Levels & time are marked.

http://www.forexfactory.com/attachme...2&d=1315240139
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  • #25,970
  • Sep 5, 2011 9:32am Sep 5, 2011 9:32am
Quoting ddaytrader
Trading M1 and 10 Second and even M5 (except under the most volatile market conditions) are outside of the purview of this thread, may I suggest you start another thread and as OP you can take it wherever you want.
That was not the point of my question or ever discussed. Also I explained WHy I posted 20 second chart not a 10 of which you obviously ignored and continue to. I question your point of not CT on a 5 Minute. When any basis of WA of FIB moves off resistance with a 5 minutes being the lower relational TF to see wave action of the 15M TF.


Quote
It is not a bias if it is in keeping with the OP of the thread.
So trading the 5M Dragon has never been part of this thread. LOL
  • #25,971
  • Sep 5, 2011 9:35am Sep 5, 2011 9:35am
Quoting ddaytrader
Sonic prefers to trade after the London open.

I have traded SonicR for three years and in my experience, the time of day means very little so long as you are trading the best waves. Of course, high volume is always preferable to low volume, as technical analysis works best, and some would say only works at all, when there is sufficient liquidity to keep the market floating.

I have traded Tokyo and US with as much success as anyone here has had trading London only.

Price really doesn't care what time it is.
Totally agree with this.
  • #25,972
  • Sep 5, 2011 9:49am Sep 5, 2011 9:49am
Quoting ddaytrader
Trading M1 and 10 Second and even M5 (except under the most volatile market conditions) are outside of the purview of this thread, may I suggest you start another thread and as OP you can take it wherever you want.



It is not a bias if it is in keeping with the OP of the thread.

And I will remind you that though Sonic talks of the "Big Boys" he is in fact analyzing volume and Volume Spread Analysis. Unlike others, Sonic is not writing fictional stories about the Big Boys and like a novelist creating thoughts and emotions...

hi dd,

how does sonic do volume analyiss and volume spread analysis? what benefits does it give to be able to understand volume?
  • #25,973
  • Sep 5, 2011 9:50am Sep 5, 2011 9:50am
Quoting ddaytrader
My Sonic AU short hit at the open tonight for +100 pips. My TP was set at 1.0610.

Chart was posted showing the trade levels and now that the trade is closed, I placed trendlines to show the original EP, SL, and TP. It might look like my TP should have been filled for +112 pips based on this chart because it shows price gapping open below my TP, but this is an MT4 demo account. My real dough account did not gap open below the TP.

I also placed the zig zag indi on this chart to show the price waves or swings. It is not a perfect indi...
how do u do the zigzag indi? also , is the zigzag indi always accurate to find the waves? or you have to analyze yourself using the method of S&R rectangular box lines and find trend waves once it breaks?
  • #25,974
  • Edited 10:16am Sep 5, 2011 9:52am | Edited 10:16am
Quoting TRMZXT
So trading the 5M Dragon has never been part of this thread. LOL
Quoting ddaytrader
trading ...M5 (except under the most volatile market conditions) are outside of the purview of this thread.
This thread started during the financial crisis when currency pairs were moving 300-600 pips per day. Under those circumstances, we used the M5 as the M5 range was large enough to trade. Some have mistakenly extrapolated the use of the M5 under extreme conditions to using under more mundane conditions.

Here is what I said in this thread two years ago:

Quoting ddaytrader
As I said to someone else, the 5 minute will often look wonderful in hindsight, but it will break your heart (and your account) in real time...
Here is what Domas had to say about someone bringing the M5 into this thread when it was not warranted:

Quoting Domas4
Wrong!...Trading SonicR we look for wave formations and Price Action in M15. Do not add noise to your trading...
And again from Sonic:

Quoting sonicdeejay
Since most of us (including me) use Sonic R...on 15m using Higher H and above Sonic Dragon .. I suggest we should stick to it...H4 is just a reflection of what it show in m15...(that is 12 bars of m15 represent 1 bar of H4)

Sonic
I do not know what your motives are for coming here and trying to attack me or make a joke out of me, but I have over one thousand posts to this thread, and I would not trade my body of posts for anyones. I stand by my work here. I know from personal correspondence that I have directly helped at least eight Sonikers learn to apply SonicR to make consistent profits from it. I have tried to help many others who have failed because they have tried to take this good system and make it perfect, ruining it in the process. I am not a commericial, and I have never sought a dime from anyone for my help. I have only been critical of those things dragged into this thread that would derail a new Soniker's training and trading. If you are trying to use your participation here to launch a commericial following, you should take it to another thread. We've had too many of them pass through here already.

If you are here to learn SonicR and help others learn it, then let us stick to the program and leave your own personal developments out as I have resolved to do myself. You are either here to help others or you are here to pad you ego or your pocketbook by preying on others. If you are a helper, then let's get on with it. If you are a bird of prey, fly off and seek your supper elsewhere.
  • #25,975
  • Edited 10:20am Sep 5, 2011 9:54am | Edited 10:20am
Quoting shujiXakira
hi dd,

how does sonic do volume analyiss and volume spread analysis? what benefits does it give to be able to understand volume?
I do not use volume and VSA in my own decision making. You should address your questions to Sonic himself or those who use it as Sonic himself uses it.
  • #25,976
  • Edited 10:13am Sep 5, 2011 9:59am | Edited 10:13am
Quoting phi1ipp
I've noticed that a lot of big moves begins before London's open. Is it safe to open the position there?
As ddaytrader pointed out, Sonicdeejay recommends trading the London session. Just as Sonicdeejay recommends trading the M15.

The fact that ddaytrader can successfully trade before/after the London session, or even if he were trading successfully the M5, does not change Sonicdeejay's good advice to trade the London session/M15.

Frankly, I think while you may have seen some big moves begin before LO, all-in-all, there are more head fakes than real moves. Many a time very good looking setups appear in the asian session, only to have PA go flat, or even have PA reversed once the London session begins. So, if you want to try and keep your risk down, Sonicdeejay's advice is good to follow.....

......at least, until you feel you know longer need heed his advice......

......at which point you may later come to realize how sound his advice really is!
  • #25,977
  • Sep 5, 2011 9:59am Sep 5, 2011 9:59am
Quoting shujiXakira
how do u do the zigzag indi? also , is the zigzag indi always accurate to find the waves? or you have to analyze yourself using the method of S&R rectangular box lines and find trend waves once it breaks?
I usually use a zig setting of 8, 10, and 12, and each will find waves of different sizes. I prefer to analyze the swings myself using S/R, but as I said in the post above, I did find it somewhat helpful when I was first training my eyes to see price action in terms of swings or waves. It is as accurate as any ondicator can be, which is to say it varies, and I would not trade based only on the zig zag and I would not skip a trade based only on the zig zag.

I woulod suggest that you try to draw the waves yourself, like playing "connect the dots" and then after you have drawn what you think the right waves are, then put the zig zag on. Check it with a setting of 8 then 10 then 12 and see how your swings match up to what the indi finds.
  • #25,978
  • Sep 5, 2011 10:10am Sep 5, 2011 10:10am
Quoting TRMZXT
... I question your point of not CT on a 5 Minute...
The answer is that it is beyond the purview of this thread.

If you wish to explore counter trend trades using fibs on a 5 minute chart, then start a thread. Surely you can see that in a thread that trades the M15 using H1 and higher TF for S/R is not the place to post microTF charts and trades.
  • #25,979
  • Sep 5, 2011 10:24am Sep 5, 2011 10:24am
Quoting ddaytrader
This thread started during the financial crisis when currency pairs were moving 300-600 pips per day. Under those circumstances, we used the M5 as the M5 range was large enough to trade. Some have mistakenly extrapolated the use of the M5 under extreme conditions to using under more mundane conditions.

Here is what I said in this thread two years ago:



Here is what Domas had to say about someone bringing the M5 into this thread when it was not warranted:



And again from Sonic:



I do not know what your motives are for coming here...
Pad my pocket or ego? LOL I am simply learning from others as we all do all throughout our lives. I don't make anything or seek others for anything. I was ADDING by answering S/R questions and you jumped in like you had a clue of the total discussion by me with others. S/R is part of this thread in relation to price. So is PA. I have never negated the 15M TF as primary part. I simply used other TF to show S/R so it is clear to see PA. My point is not to piss you off. I undertand the point of keeping the thread on point. Showing other TF does not negate that to help explain S/R and trades within the 15TF.
  • #25,980
  • Sep 5, 2011 10:53am Sep 5, 2011 10:53am
Quoting TRMZXT
Pad my pocket or ego? LOL I am simply learning from others as we all do all throughout our lives. I don't make anything or seek others for anything. I was ADDING by answering S/R questions and you jumped in like you had a clue of the total discussion by me with others. S/R is part of this thread in relation to price. So is PA. I have never negated the 15M TF as primary part. I simply used other TF to show S/R so it is clear to see PA. My point is not to piss you off. I undertand the point of keeping the thread on point. Showing other TF does not...
Sorry...i didn't get to learn nothing of your charts...but thanks to try to contribuite here.

Regards,
Nando.
"Being picky only cost your time - not MONEY"...Hans
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