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Sonic R. System

  • #26,701
  • Sep 21, 2011 2:28am Sep 21, 2011 2:28am
EU Short re-entry.
I missed the first entry. This is second chance.
Interest rate news makes me nervous anyway let the market decide.
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  • #26,702
  • Sep 21, 2011 2:40am Sep 21, 2011 2:40am
Quoting dksolo
EU Short re-entry.
I missed the first entry. This is second chance.
Interest rate news makes me nervous anyway let the market decide.

To early for a short in my opinion.
  • #26,703
  • Sep 21, 2011 3:03am Sep 21, 2011 3:03am
Firstly let me state that I agree that the Sonic System is relatively simple and for those that follow the rules it should be quite profitable.
I am new to this thread (but not a novice trader) as is obvious and I am wading through the 1000's of posts right from the beginning, but on a daily basis come to the "last " posts to see what is happening.
It sort of saddens me when for the last week the emphisis has been on challenges and refutes. Guys it really dampens the spirit of the thread and what it is trying to achieve.
It is alway good to have differing opinions as it is in the least food for thought.But this too can be done in harmony and with respect for the other persons rights and opinions.
dd & tah actually are both right in their own ways. They are also not correct in ways. Yes supply and demand is always in play, and yes there are always "BB's" and yes a certain amount of manipulation happens. But that is not so easy these days when there is such huge amounts of money involved. Sometimes CB's will use different avenues to try to change direction of market. eg BOJ.
But here is something that I believe neither bb nor tah have mentioned. Mostly all the major banks and clearing houses that act for large corporations are nearly always in a hedge position and that they do not realize profits until both sides have been cleared. Ask anyone who has worked in a large bank.This is actually more prevelant than what either bb or tah are saying and is also the biggest market mover. And boy they have deep pockets!
Anyways that having been said I really would like to see people in this thread get back to basics and I believe that is to share and help others.
I feel that in the coming weeks I will have some handy little tools to share, that hopefully members will appreciate. Stuff I have learnt from professionals.
regards
OzMoneyman
  • #26,704
  • Sep 21, 2011 3:14am Sep 21, 2011 3:14am
Quoting HankT
To early for a short in my opinion.
I agree. Closed @ +5.
  • #26,705
  • Sep 21, 2011 3:36am Sep 21, 2011 3:36am
Quoting ddaytrader
Watch the webinars linked in post 26666 and you will get a good start on learning how to do this - he can explain it much better than I.



There is smart money and there is dumb money. Each of us has the power to choose which of the two we each will become.

The difference between the two is that smart money knows what causes price to move, whereas dumb money only thinks they know.

Which do you choose to be? Success, my friends, is a choice. As Sam Seiden says, success requires that we trade what is real, not what we feel.

And a special...
GREAT S&D TRADE...

I love it!!!

Regards,
Nando.
"Being picky only cost your time - not MONEY"...Hans
  • #26,706
  • Sep 21, 2011 3:48am Sep 21, 2011 3:48am
Let me make a point of logic.

Every senior Soniker from Sonic himself to Muhammad says that solid classic SonicR trades set up on the majors pairs 4-6 times per week on average (about once each day, more or less). All we have to do is use careful analysis and wait for the opportunity. Somedays we may get two. Other days we may not get any. On average, there will be 4-6 real clear, solid SonicRs each week, week after week after week. That is plenty of opporunity to take a nice profit from the market.

Also, remember what Sonic just posted a few days ago:

Quoting sonicdeejay
...So, pls be more choosy...
Even though we have many pairs avail, we are basically Trading one thing. Either pro or against USD...


That means trading Long on EU is *similar* is to AU long..
So, opening 2 similar positions may double ur risk.. That why when one hit SL, u will see ur another position hit too..u might as open 2 x EU, instead of EU and AU...


Pls think abt it...


Sonic
The AU, EU, GU often set up long at the same time. That is not three trades. That is one SOnic set up. Pick the one you think will be the best. It is one trade. This will happen 4-6 times each week.

LOGICALLY: Therefore, if classic SonicR set ups occur, on average, 4-6 times across the majors, and then if someone finds himself taking 3 or 4 or 5 or even 6 trades per day, then logically it stands to reason that the vast majority of those trades are not SonicR. It is impossible for them all to be classic SonicR, because that many classicSonicRs occur in a week, not each and every day.

Therefore, if you are finding yourself taking 3-6 trades each day, then you must tighten your analysis and use patience and discipline to only take the 5-6 solid SonicR's that occur each week.

It is simple logic based on actual numbers.

Here is a hint - just becasue price is sitting on and around the dragon, that does not mean that every cross of the dragon is SonicR. We need waves. As Sonic says, "Big waves a coming..." SonicR needs price to be swining - that is how we profit. If you trade ripples instead of waves, you will drown in a puddle.

So let us start applying logic to what we see, hear, read, and trade.
  • #26,707
  • Sep 21, 2011 3:55am Sep 21, 2011 3:55am
Quoting ddaytrader
Let me make a point of logic....Therefore, if you are finding yourself taking 3-6 trades each day, then you must tighten your analysis and use patience and discipline to only take the 5-6 solid SonicR's that occur each week.

It is simple logic based on actual numbers.
It therefore stands to reason, that if someone is posting 4-6 trades each and every day, and if he or she is calling each a SonicR, that he is mistaken, and in reality, the majority of those trades are not SonicR. So you must be a smart consumer of information. Instead of saying to yourself, "Oh let me study this example of a SonicR trade," say to yourself, "Oh, let me do my own analysis on this pair and see if I agree with this poster's analysis."

This goes for anyone posting to this thread, including me. Just because someone posts a chart and calls it a SonicR and puts some lines on it, that should not be enough for you to accept that it is a SonicR set up.

You must think and analyze for yourself, because no one can do it for you.
  • #26,708
  • Sep 21, 2011 4:03am Sep 21, 2011 4:03am
Quoting duyk20
... has his own opinion and he entitles to that... Let the market decide dude.

If the novice traders come here and take his trade opinion and somehow lose money, this's just a part of learning process. They'll lose more.
Let us view this logically and unemotionally.

1) Is SonicR based on objective analysis of support & resistance and waves, or opinions? I think it is objective analysis.

2) Given that one is entitled to his opinion, then logically, so too are others entitled to their own opinions which mught be different. Or are some more entitled to their opinions than others? Furthermore, as we are actually trading based upon objective analysis, we ought to be able to critique others attempts at analysis in order for all to learn correct analysis from faulty analysis.

3) Are we here to help others win or to watch others lose? I'd rather help.

4) Are we here to make money or are we here to make others feel good about themselves, profits be damned? I am here to make money and help others do the same.
  • #26,709
  • Sep 21, 2011 4:14am Sep 21, 2011 4:14am
Box..ing..

Sonic
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  • #26,710
  • Sep 21, 2011 4:24am Sep 21, 2011 4:24am
Quoting ddaytrader
I agree. When someone explains price action in terms of support/resistance and supply/demand it is precisely the BB's who are providing the supply and the demand. The BB's are fighting it out among themselves - against each other. They are not "running price up" so that they can then "run it back down." Price moves when one side gains control over the other. The BB Buyers are battling it out with BB Sellers. The price chart is the ongoing recording of this battle. We can learn to read this recording of this battle and gain an edge by...
DD, nice trade on your S&D trade.

Really like the way Sam Seiden explains BB, Smart Money and Dumb Money.

Sam is really one of the Best trading(forex, etc) educator out there, and he is very direct, yet humble and generous with their free info as well.
His method is really rule-based, and he definitely don't mind taking small losses.

Sam's concept of Supply and Demand Zone sounds simple and effective, it is scary.
Even though concept is simple, yet for me it is difficult to implement.
That is why still rely on such things as the Dragon and moving averages, and Sam would have no need of such lagging indicators.

Sam's way of mentioning everything should be thought of as Wholesale Prices and Retail Prices is important for us to remember in trading.
eg. Buy Wholesale first and Sell Retail second.
eg. Sell Retail first and Buy Wholesale second.

After re-listen to how he used to trade as a pit trader, it gives a better picture why pit traders used to do well as they physically can see the real order flows from the BB, and also why it became more difficult for most pit traders to transfer into electronic traders at later stage.


For other traders interested in Supply & Demand Zone trades, look at Forex Factory threads:

"Price is everything"
http://www.forexfactory.com/showthread.php?t=230888

"Romancing the Price"
http://www.forexfactory.com/showthread.php?t=288142
  • #26,711
  • Sep 21, 2011 4:33am Sep 21, 2011 4:33am
Quoting ddaytrader
It therefore stands to reason, that if someone is posting 4-6 trades each and every day, and if he or she is calling each a SonicR, that he is mistaken, and in reality, the majority of those trades are not SonicR. So you must be a smart consumer of information. Instead of saying to yourself, "Oh let me study this example of a SonicR trade," say to yourself, "Oh, let me do my own analysis on this pair and see if I agree with this poster's analysis."

This goes for anyone posting to this thread, including me. Just because someone posts a chart...

DD, the below post is really for you.

As you put this person on your Ignore temporarily, you would have miss his post.
I just BOLD some important texts.
He is trying to make peace.


Quoting traderathome
Foxybunny, I love your post.
I love ddaytrader.
I love the opportunity to learn and grow that Sonicdeejay has given all, with the Sonic R. System thread.

I have learned from many here.
I look forward to learning more.

I have traded some badly here.
I have traded some well.
I look forward to trading more well, and less badly.

I do not enjoy conflict, nor a losing trade.
I do enjoy peace, and a winnig trade.

I admire and respect Sonicdeejay, and will ever be thankful for him.


Sincerely,
-tah
  • #26,712
  • Sep 21, 2011 4:49am Sep 21, 2011 4:49am
Quoting traderathome
EU:

Manually closed half, lowered SL to BE+1 on remaining half.
EP= 1.3684
close= 1.3642
Net profit= 40 pips

This is now a free trade.
EU:

Awoke to see the SL hit. The second part of the trade closed.

EP= 1.3684
SL= 1.3681
Net profit= 1 pip.
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  • #26,713
  • Sep 21, 2011 5:25am Sep 21, 2011 5:25am
Quoting sonicdeejay
Box..ing..

Sonic
Hit your sl@be?
  • #26,714
  • Sep 21, 2011 5:34am Sep 21, 2011 5:34am
Quoting Gloryrose
Hit your sl@be?
Yap..
My elder bro and Mom going SF, tomorrow..
Gonna spend time with them..

Sonic
  • #26,715
  • Sep 21, 2011 5:41am Sep 21, 2011 5:41am
Quoting sonicdeejay
Yap..
My elder bro and Mom going SF, tomorrow..
Gonna spend time with them..

Sonic
I wish you have fun tomorrow
  • #26,716
  • Sep 21, 2011 6:11am Sep 21, 2011 6:11am
Buy EURUSD
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  • #26,717
  • Sep 21, 2011 6:28am Sep 21, 2011 6:28am
Sonicdeejay.I have a question.How to know the stopping vol?
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  • #26,718
  • Sep 21, 2011 6:31am Sep 21, 2011 6:31am
Quoting Gloryrose
Buy EURUSD

I see stopping vol... EU long is the good bet..
But we have Ben speech coming up..
Swings expected..

Sonic
  • #26,719
  • Edited 7:03am Sep 21, 2011 6:42am | Edited 7:03am
This is for ddaytrader. I am trying here, and would appreciate his comment(s). And it is not contradicting Sonic, since still at this point no one knows what will happen. Bernanke/FOMC could send sparks flying, and price could end up going either way. However, right now wouldn't one's bear bias be coming out of hibernation to see what happens?
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  • #26,720
  • Sep 21, 2011 6:54am Sep 21, 2011 6:54am
Nothing worth except empty TAH's interpretation
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