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Sonic R. System

  • #25,981
  • Sep 5, 2011 1:20pm Sep 5, 2011 1:20pm
Quoting phi1ipp
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.
1) Sonic re-entry trades do not seem to be spoken of much anymore, but I always liked the SonicRe-entry, and your entry here was according to the rules as Sonic initially offered them. So yes, your re-entry trade was fine.

2) In my opinion, the best entries occur only a few times each week, so do not be afraid to let a day or two or three pass without a trade if the market does not offer a good set up.
  • #25,982
  • Sep 5, 2011 1:22pm Sep 5, 2011 1:22pm
Quoting nando_rich
Sorry...i didn't get to learn nothing of your charts...but thanks to try to contribuite here.

Regards,
Nando.
^ditto on this!!

Anyways, quick question to some exp sonicR's out there, I have 3 losing positions, been a few days now (thought there was going to be a break out, but market's been stale), when should i take the loss? They havent touched near the SL, and since its been a few days, there could be a break out on the other positions in regards to my trades. When is it a good time to get out of a losing trade, prior to it not hitting the SL???
  • #25,983
  • Sep 5, 2011 1:24pm Sep 5, 2011 1:24pm
Quoting nando_rich
Sorry...i didn't get to learn nothing of your charts...but thanks to try to contribuite here.

Regards,
Nando.

your welcome and I will just limit how I contribute though I will do my best to be a team member. Hope I can be a good learner and teacher in the future.
  • #25,984
  • Sep 5, 2011 1:25pm Sep 5, 2011 1:25pm
Quoting TRMZXT
ddaytrader have you ever traded smaller charts in relation to larger TF's?
Sure I have. Everytime I trade an M15 SonicR it is in relation to S/R on H1 and H4 S/R, and everytime I trade a daily TF set up it is in relation to weekly and monthly S/R.

My point here is that Sonikers, especially newbies, are better off limiting their "zoom-in" to an M15 and higher.

While TAH was looking for an excuse to go CT long on an M5, phi1ipp was going short with the trend on an M15 Sonic re-entry according to Sonic's rules.

The M5 CT was a losing trade and the M15 SonicRe-entry with the trend was a winning trade. Big surprise, right? NOT!
  • #25,985
  • Sep 5, 2011 1:32pm Sep 5, 2011 1:32pm
Quoting hunter101
Anyways, quick question to some exp sonicR's out there, I have 3 losing positions, been a few days now (thought there was going to be a break out, but market's been stale), when should i take the loss? They havent touched near the SL, and since its been a few days, there could be a break out on the other positions in regards to my trades. When is it a good time to get out of a losing trade, prior to it not hitting the SL???
Some people would just close the trade at the end of the session no matter what. Nando said the other day that he is strictly a day trader, and thus he manually closed his open trades at the end of the session even though they did not hit TP or SL. So that is one way.

I usually will let the market decide. I had two trades using SonicR last week. A short EJ entered during Asia did not hit its TP I think until the afternoon US session (perhaps it was earleir, but it was several sessions long anyhow). I also had a short AU entered on Thursday night that did not hit its TP until Sunday Tokyo. So that is another way.

You have to decide for yourself how you are going to manage such trades. Once you decide, keep good records and be consistent.
  • #25,986
  • Sep 5, 2011 1:39pm Sep 5, 2011 1:39pm
Quoting ddaytrader
Sure I have. Everytime I trade an M15 SonicR it is in relation to S/R on H1 and H4 S/R, and everytime I trade a daily TF set up it is in relation to weekly and monthly S/R.

My point here is that Sonikers, especially newbies, are better off limiting their "zoom-in" to an M15 and higher.

While TAH was looking for an excuse to go CT long on an M5, phi1ipp was going short with the trend on an M15 Sonic re-entry according to Sonic's rules.

The M5 CT was a losing trade and the M15 SonicRe-entry with the trend was a winning trade. Big surprise,...
yes and this is true of any CT trade it is higher risk. You know that. Pointing to one trade that fails does not negate good CT trades. Nothing new about that. You can go to any time frame in relationship to others and see the same thing play out all the time. 1M in relationship to a 3 and a 5 to a 15 or a 15 to a 60. Anytime you trade against a larger chart depending on volatility and S/R level will determine the strenght of a CT move. Sometimes it works sometimes it doesn't. Most CT trades are usually best on TP returns to trendlines which creates a triangle. I understand your points. I know you trade those TF as you are doing nothing different than a person witha 5M is looking at to a 15. If he is trading the 5M wrongly to the 15M he doesn't understand the WA of the 5 in relation to the 15 or the chart below him.

in the end you are trading the 1HR. Your entry is on the small chart 15M and you strenght is mainly the 4HR This is not different than what I teach accept I see it all tied togethor and open the charts up to see the PA clearer on smaller charts in relation the 15 for good entry points because they are def there.
  • #25,987
  • Sep 5, 2011 1:41pm Sep 5, 2011 1:41pm
Quoting traderathome
As ddaytrader pointed out, Sonicdeejay recommends trading the London session....
And again, so as not to discriminate against residents of the United States and others who may find that the demands of life itself to not allow one to stay up 24 hours per day so as to trade the London session, there are plenty of bank traders in Sidney and Tokyo and New York to keep the market afloat. Learn which currencies move when and you will do fine. For example, JPY and Aussie crosses tend to move well during, surprise surprise, the Sydney and Tokyo hours. The GU and EU and UCad and UCHF tend to move well during the London and surprise surprise United States sessions!

I had two m15 SonicR trades last week, and both were opened during Tokyo for +81 and +100 pips. I also posted an EURCHF short (or was it GBPCHF - I was short both but only posted one) a few weeks back that I opened on a Sunday during the Sydney open and before Tokyo, and that was +200 pips.

Price does not care what time it is ... Remember Gordon Gekko, "greed is good," and "money never sleeps."

Do not let this talk about only London is good for trading discourage you from trading forex or applying SonicR to your trading. If you are able to trade the London AM, by all means, do it! But if you are American or if you have a day job that prevents you from trading those hours, don't sweat it - there is plenty of dough to be made waiting for proper SonicR set ups with proper wave action during the other 20 hours of the day as well.
  • #25,988
  • Sep 5, 2011 4:04pm Sep 5, 2011 4:04pm
Quoting Sunbrella
The picture below shows a version where the dragon body is colored by histograms (applying different colors when the previous bar closes above/below the dragon. Does not look so good.
Sunbrella, please post the .mq4 code file for the indy you are referring to. Thank you.
Attached Image (click to enlarge)
Click to Enlarge Name: EU_Dragon_test.jpg Size: 127 KB
  • #25,989
  • Sep 5, 2011 4:20pm Sep 5, 2011 4:20pm
Quoting ddaytrader

Do not let this talk about only London is good for trading discourage you from trading forex or applying SonicR to your trading. If you are able to trade the London AM, by all means, do it! But if you are American or if you have a day job that prevents you from trading those hours, don't sweat it - there is plenty of dough to be made waiting for proper SonicR set ups with proper wave action during the other 20 hours of the day as well.
Hi all and DD
trading has nothing to do with time, but it has to do with place,
so thats the main goal,,,

the time factor is important for advanced trading,,,,

thats my 2 cents,,,

Cheers
aligater
born to speculate
  • #25,990
  • Sep 5, 2011 4:46pm Sep 5, 2011 4:46pm
Quoting aligater
Hi all and DD
trading has nothing to do with time, but it has to do with place,
so thats the main goal,,,

the time factor is important for advanced trading,,,,

thats my 2 cents,,,

Cheers
aligater
Time and PA
  • #25,991
  • Sep 5, 2011 5:22pm Sep 5, 2011 5:22pm
Hi,

I can sense there is something important going on here. Someone recommended I check out Sonic R. and its resonating.

However, there are nearly +1700 pages of this very long thread and don't have the strength to plough through all of it.

Is it possible to have the definitive version, indicators, templates, et all ?

I noticed early on that there are 3 versions and then another version by another user, which I understand, even appreciate, but naturally I want the best/ latest devoloped version and confused where to begin.

If someone could help me on my way -

thank you in advance,

livindaylite
  • #25,992
  • Sep 5, 2011 5:42pm Sep 5, 2011 5:42pm
GU:

News in about 20 minutes. Maybe a catalyst.
Attached Image (click to enlarge)
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  • #25,993
  • Edited 6:40pm Sep 5, 2011 6:19pm | Edited 6:40pm
GU:

Entered short, EP= 1.6097. Waiting for some PA movement. If not soon, I'll close trade.
Attached Image (click to enlarge)
Click to Enlarge Name: # sept 5, 2011 - 044.gif Size: 32 KB
  • #25,994
  • Sep 5, 2011 6:20pm Sep 5, 2011 6:20pm
Quoting livindaylite
Hi,

I can sense there is something important going on here. Someone recommended I check out Sonic R. and its resonating.

However, there are nearly +1700 pages of this very long thread and don't have the strength to plough through all of it...
Others would say otherwise, perhaps, but I suggest you start at the beginning and read the posts by Sonic, Basber, Muhammad, ddaytrader, and Domas. Use the SonicR templates from the beginning of the thread. Jumping ahead and trying to figure out what has been going on here recently and using recent templates does not strike me as the best way to learn what SonicR is all about.
  • #25,995
  • Sep 5, 2011 7:31pm Sep 5, 2011 7:31pm
Hi just wondering when will PivotsD_v6 be release, I have been seeing signs of it since marc 2010 but till now not can't find anywhere to download it.
  • #25,996
  • Sep 5, 2011 7:51pm Sep 5, 2011 7:51pm
Quoting TheBanker
Hi just wondering when will PivotsD_v6 be release, I have been seeing signs of it since marc 2010 but till now not can't find anywhere to download it.
PivotsD versions are superceded by the SonicR TzPivots indicator released 12-01-2010, and by the subsequent combining of that code into the SonicR Chart Panel, which will be complete with the next upgrade of my SonicR indicators. The attached chart is a preview, showing the added fibonacci pivots and mid-pivots. I have no plans to work further on the PivotsD indicator.
Attached Image (click to enlarge)
Click to Enlarge Name: # sept 5, 2011 - 047.gif Size: 29 KB
  • #25,997
  • Edited 8:58pm Sep 5, 2011 8:23pm | Edited 8:58pm
UChf:

I entered long on Friday. Yesterday ddaytrader remarked of the potential for another long setup. The range has tightened; yesterday was a US Bank holiday. Support so far has been consistent. No one can know, but the next move up thru the Dragon could lead to a breakout move.

The H4 chart shows that the current ranging is not just supported by local SR shown on the M15. The ranging is about centered on a more significant SR area. After this ranging, if we get a move thru the top of the range, it could lead to a run up.

Therefore, this is a good pair to have on your Watch List.
Attached Image(s) (click to enlarge)
Click to Enlarge Name: # sept 5, 2011 - 048.gif Size: 34 KB
Click to Enlarge Name: # sept 5, 2011 - 049.gif Size: 28 KB
  • #25,998
  • Sep 5, 2011 10:31pm Sep 5, 2011 10:31pm
Quoting traderathome
... Yesterday ddaytrader remarked of the potential for another long setup...
You say "yesterday," but for me, it is still yesterday here, at least for another 32 minutes, then it will be tomorrow, which is today for you, but at that point it will be today for both us. So, until tomorrow, (or was it today) ... well no matter. I wouldn't be getting long just yet, but I do see the potential for a SonicR long if price were to rally to a higher high.

Until tomorrow (which is today for you),

-DD
  • #25,999
  • Sep 5, 2011 11:00pm Sep 5, 2011 11:00pm
Quoting ddaytrader
You say "yesterday," but for me, it is still yesterday here, at least for another 32 minutes, then it will be tomorrow, which is today for you, but at that point it will be today for both us. So, until tomorrow, (or was it today) ... well no matter. I wouldn't be getting long just yet, but I do see the potential for a SonicR long if price were to rally to a higher high.

Until tomorrow (which is today for you),

-DD
Actually, today is for me what today is for you, but as I write this today is tomorrow already! And when it was yesterday for you, as for I, it was today for the market. It is still today for the market. And now, for you and I it is tomorrow, or maybe we can say, "It is today."
  • #26,000
  • Edited 3:25am Sep 6, 2011 3:12am | Edited 3:25am
Quoting ddaytrader
You say "yesterday," but for me, it is still yesterday here, at least for another 32 minutes, then it will be tomorrow, which is today for you, but at that point it will be today for both us. So, until tomorrow, (or was it today) ... well no matter. I wouldn't be getting long just yet, but I do see the potential for a SonicR long if price were to rally to a higher high.

Until tomorrow (which is today for you),

-DD
Didn't you take the UC trade??

600pips up...
"Being picky only cost your time - not MONEY"...Hans
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