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Sonic R. System

  • #26,801
  • Sep 21, 2011 5:01pm Sep 21, 2011 5:01pm
Quoting aligater
I do have and I do know
but it doesnt matter you can see everything on chart ;
if you understand what I mean


aligater
Ya, that's better, I couldn't understand people trade sonicr without volume.
  • #26,802
  • Sep 21, 2011 5:43pm Sep 21, 2011 5:43pm
Quoting duyk20
Ya, that's better, I couldn't understand people trade sonicr without volume.
I've never used it, and in the beginning of the thread, neither did Sonic.

Neither does Sam Seiden if I recall correctly, though I May be mistaken on that score.

Volume is not a necessary piece of information. I understand that many find it vital to their decision tree. But it is wrong for you to assume that one can only trade PA successfully if one uses volume as an indicator.

All you really need is a chart ... Let me guess ... I would bet that there was relatively high volume on the low bar and the bar immediately preceding it.
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  • #26,803
  • Sep 21, 2011 5:44pm Sep 21, 2011 5:44pm
Quoting traderathome
This is for ddaytrader. I am trying here, and would appreciate his comment(s)...
I think, TAH, that you will find an affinity with the Sam Seiden way of learning this aspect of price action.

Do not try to learn it fast. This is not a race. I remember watching one of his webinars about a hundred times over a month or two period of time.

I think here you may be keeping your understanding, and substituting some of SS's words and even a few of DD's words for the words you are used to using. I recommend you use SS's words instead of mine. You do not want to miss out on the meat and potato's that Seiden serves up by focusing on the fancy piece of parsley I threw on the side of the plate.

What you need to do, TAH, is substitute Seiden's understanding of these concepts for your understanding. It is not enough to simply substitute your words for his words, you must come to see price action as he sees it.

I said this once before, TAH: The reason you have a problem fixing a stop loss is because you do not trust support and resistance and wave analysis. You do not trust S/R and Waves because you do not really understand it in a way that allows you to use it to control your trading.

Watch those webinars, and assume you know nothing. Try to watch them as though you are completely new to trading. Do not jump to conclusions. If you find yourself not agreeing with something he says, you must pause the webinar and replay it until you do agree with him. He is 100% right as he is covering very basic fundamental characteristics of price action. If he says something that you do not agree with, you must assume that it is you who are mistaken, and not him.

Good Luck, TAH
  • #26,804
  • Sep 21, 2011 5:49pm Sep 21, 2011 5:49pm
Quoting Domas4
...I used to wake up in the morning, look at the chart, draw waves, go to forum and every other (now senior) Sonicer would have the same wave analysis as me... the core of SonicR is objective and that's what gives senior Sonicers a right to correct and educate newbies.
And this is what separates those who understand from those who do not - those suggesting that everyone is entitled to different opinions do not get that this is not a subjective art. We can not disagree as to what is or is not a SonicR set up anymore than we disagree on the correct value of 2+2.

Support is created by buyers overwhelming sellers, and resistance is created by sellers overcoming buyers. It is not open to other definitions.
  • #26,805
  • Sep 21, 2011 5:52pm Sep 21, 2011 5:52pm
Quoting aligater
you can try those
3590 ..3630


aligater
you had youre chance BRO I hope you or other enjoy


aligater
born to speculate
  • #26,806
  • Sep 21, 2011 6:28pm Sep 21, 2011 6:28pm
Quoting traderathome
EU:

Ok, flack or not from some of you, I have added 3rd SC= 1.3746 and removed the SL. Things are just too volatile for it right now.

I am doing my best to try something new for me, which is the way of some others here, not mine. And I get more criticism than assistance for my efforts. This is not the credo of Sonic's thread, but so be it. I will try and progress in this on my own. Since we are talking money here, I shall follow my instincts which have served me well. I might be right in this today, or maybe not. However, I am with the trend...
EU:

TP1 reached. Part 1 of multiple part trade is closed.
EP= 1.3710
TP= 1.3605
Net profit= 103 pips.

SC entries were around the whole, quarter, half and three quarters numbers (1.3710, 1.3728, 1.3746 and 1.370) as price rose thru the 1.3700 to 1.3800 price region. After the half number entry (1.3746) I allowed myself one more at the three quarter level, 1.3770 it turned out to be as price spent quite some time in that area before the last dash up to fill the gap.

I could not get a handle on seeing/picking a resistance/supply level/area where the price should stop. PA just kept pausing, and then rising further. So I ended up making more than just one entry. That was not so bothersome, as in the past I have frequently made even more entries into a trade under such circumstances. What bothered me was that price was not responding to resistance/supply areas the way the Seiden webinars let me to believe it should. I was back in the "old game" of trying to pick a top, which I don't like. If my short entries were not with the overall down trend, I would not have made multiple entries like this. I thought I was thru with all that.

The bottom line is that because the overall trend is down, I choose to not make any EU long trade, and stuck with short entries. And this strategy is serving me well. At the 1.3600 level, just below TP1, EP2 was up about 125 pips, EP2 was up about 143 pips, and EP4 was up about 168 pips. All are up even more now, as the price has resumed dropping.

The SL has been reinstated, and now guarantees at least 265 pips more, as this free trade continues to run. I shall later evaluate if TP3 or TP4 should be relocated lower.

Part of the difficulty I had in the Tuesday session was that I was trying to apply S. Seiden's Supply & Demand strategy while not yet well enough versed in it's specific details. Had it not been for that, after my initial EU short trade earlier, I would have simply not traded at all until suitable downward PA warranted it. Fortunately, I am trading with the trend.
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  • #26,807
  • Sep 21, 2011 6:38pm Sep 21, 2011 6:38pm
Quoting ddaytrader
I think, TAH, that you will find an affinity with the Sam Seiden way of learning this aspect of price action.

Do not try to learn it fast. This is not a race. I remember watching one of his webinars about a hundred times over a month or two period of time.

I think here you may be keeping your understanding, and substituting some of SS's words and even a few of DD's words for the words you are used to using. I recommend you use SS's words instead of mine. You do not want to miss out on the meat and potato's that Seiden serves up by focusing...
Yes ddaytrader, that is what I need to do; re-read again and again what of his written material is available, and watch again and again what of his webinars are avaliable on this subject. Tuesday I embarked on using his SD strategy information with confidence, and ended up feeling like a baby in the woods! Or maybe it was more like my very first ride on a bicycle, which quickly introduced me to gravity and the ground!
  • #26,808
  • Sep 21, 2011 6:44pm Sep 21, 2011 6:44pm
Quoting sonicdeejay
Told cha.. UpuP for now..
Swings still ahead..

Gd nite..
Sonic
Morning,,

The big move wasn't predictable but it obeyed serious s/r rule..
If any of Sonikers had long,, his trade will not be a losing trade either,, as the price advance till the gap closed near 1.378x..

So that trade must have been tp1 hit with close at BE trade..

Bravo, for those shorted as well.

Sonic
  • #26,809
  • Sep 21, 2011 7:23pm Sep 21, 2011 7:23pm
GJ:

This is my "pressure release" trade. It is a simple SonicR long setup, but in asian session and on the M5 TF chart. It has nice L-H-HL PA wave, Dragon is angling up, and at EP the price will be above the Dragon. The single TP is at the quarter number area, also the FR 62% retrace area, also a previous support area that failed early in the previous run down.

This is a small trade, for small pips and so no worries.
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  • #26,810
  • Sep 21, 2011 8:07pm Sep 21, 2011 8:07pm
Quoting traderathome
EU:

TP1 reached. Part 1 of multiple part trade is closed.
EP= 1.3710
TP= 1.3605
Net profit= 103 pips.

SC entries were around the whole, quarter, half and three quarters numbers (1.3710, 1.3728, 1.3746 and 1.370) as price rose thru the 1.3700 to 1.3800 price region. After the half number entry (1.3746) I allowed myself one more at the three quarter level, 1.3770 it turned out to be as price spent quite some time in that area before the last dash up to fill the gap.

I could not get a handle on seeing/picking a resistance/supply level/area where...
EU:

TP2 reached. Part 2 of muli-part trade is closed.
EP2= 1.3728
TP2= 1.3555
Net profit= 171 pips
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  • #26,811
  • Sep 21, 2011 8:38pm Sep 21, 2011 8:38pm
Quoting traderathome
GJ:

This is my "pressure release" trade. It is a simple SonicR long setup, but in asian session and on the M5 TF chart. It has nice L-H-HL PA wave, Dragon is angling up, and at EP the price will be above the Dragon. The single TP is at the quarter number area, also the FR 62% retrace area, also a previous support area that failed early in the previous run down.

This is a small trade, for small pips and so no worries.
GBPJPY - The ratio of long to short positions in the GBPJPY stands at 34.34 as nearly 97% of traders are long
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  • #26,812
  • Sep 21, 2011 8:42pm Sep 21, 2011 8:42pm
Quoting Gloryrose
GBPJPY - The ratio of long to short positions in the GBPJPY stands at 34.34 as nearly 97% of traders are long
and those 97% of tradesr are in losing positions. the short positions are averaging 150pips profit.
  • #26,813
  • Sep 21, 2011 8:50pm Sep 21, 2011 8:50pm
Quoting PipPipPip
and those 97% of tradesr are in losing positions. the short positions are averaging 150pips profit.
yeah.
  • #26,814
  • Sep 21, 2011 8:54pm Sep 21, 2011 8:54pm
Quoting PipPipPip
and those 97% of tradesr are in losing positions. the short positions are averaging 150pips profit.
Good to see u here, mate..

Sonic
  • #26,815
  • Sep 21, 2011 9:04pm Sep 21, 2011 9:04pm
Quoting ddaytrader
I've never used it, and in the beginning of the thread, neither did Sonic.

Neither does Sam Seiden if I recall correctly, though I May be mistaken on that score.

Volume is not a necessary piece of information. I understand that many find it vital to their decision tree. But it is wrong for you to assume that one can only trade PA successfully if one uses volume as an indicator.

All you really need is a chart ... Let me guess ... I would bet that there was relatively high volume on the low bar and the bar immediately preceding it.
This trade is not Classic Sonic R.Is that Sonic Scout trade?
  • #26,816
  • Sep 21, 2011 10:34pm Sep 21, 2011 10:34pm
Quoting Gloryrose
This trade is not Classic Sonic R.Is that Sonic Scout trade?
That trade was a loser ... but a small one. It was SonicScout-like.

I think Sonic perhaps should define SonicScout as he would like it defined. To me, a SonicScout is an entry at an S/R level. Sonic would presumably add a "stopping volume" requirement.
  • #26,817
  • Sep 22, 2011 1:34am Sep 22, 2011 1:34am
Quoting traderathome
EU:

TP2 reached. Part 2 of muli-part trade is closed.
EP2= 1.3728
TP2= 1.3555
Net profit= 171 pips
is this sonicr? i cant see H-L-HL-LL pattern or its just me...
  • #26,818
  • Sep 22, 2011 1:55am Sep 22, 2011 1:55am
Quoting ddaytrader
That trade was a loser ... but a small one. It was SonicScout-like.

I think Sonic perhaps should define SonicScout as he would like it defined. To me, a SonicScout is an entry at an S/R level. Sonic would presumably add a "stopping volume" requirement.
Ddaytrader.Can I take this trade on MIN5?But MIN15...
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  • #26,819
  • Sep 22, 2011 4:23am Sep 22, 2011 4:23am
I take this big SC!Is it right?
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  • #26,820
  • Sep 22, 2011 5:00am Sep 22, 2011 5:00am
Quoting Gloryrose
I take this big SC!Is it right?

Nope this is how I see it atm. There is bearish pattern in place, strong downtrend, going long is too risky.
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