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Sonic R. System

  • #27,961
  • Edited 11:37pm Nov 10, 2011 10:44pm | Edited 11:37pm
I seen post 6, and other posts from sonic, but there no explanation how he counts the waves. But it is not the point, there is alot of exceptions in waves, like for example sometimes 2nd wave could go lower then bottom of first wave, you can count it as broken low, but market will go up. Any way. I like sonic. I have been reading this thread for the last 2 years. I liked it on the binging a lot, thats why i started to study waves. But now there is nothing to learn from here. Volume is cool, who explained the specific of forex volume, i had to go and look in to futures and options markets to see how volume works.

Like Prometheus, they challenged the gods of darkness and illuminated in order to curb the hostility of the future. Their achievements have changed the attitude towards risk and sent a passion for the games and enriching the track of economic growth, rising living standards and technological progress.
  • #27,962
  • Nov 11, 2011 1:13am Nov 11, 2011 1:13am
Market shows upside move, but watch for 1.3650, it is could be turning point and market will go down
  • #27,963
  • Nov 11, 2011 1:48am Nov 11, 2011 1:48am
any sugestions about eu long setup?,volume looks perfect,london comfirm entry level..

any comments by sonic R veterans? on live trade?
Attached Image (click to enlarge)
Click to Enlarge Name: eu.gif Size: 22 KB
  • #27,964
  • Nov 11, 2011 1:58am Nov 11, 2011 1:58am
Quoting hunter101
Look at the picture on post #6 to explain H & L. It should be a clear example on it.

The way i look at SonicR is only during London hours. In the 5099 posts i read (i plan to review the good posts i compiled for more review and for new Sonic traders), many guys has done back testing in different market hours. Asian session bombed the most with SonicR, US was so-so (which is why some Sonic'ers sometimes keeps his positions open, reviews them 1 hour before US opens and 1 hour after it closes, let the market decide), but the best times to make money...
Hi Hunter,

It's a very nice thing to do to collect good posts from the past to help new sonicers save a lot of time. I'll like to help in any way, just ask if you need it.

Absoloutly right, 2 trades last week, both profitable. That's what I call to be more selective, not to pick eveything that looks like wave, consider every zone as a S&R because it's "looks like" zone and relying on some indicators to back up the trade. Nicely done I might say. Keep up the good job

I prefer to enter on London session, but if there is an entry forming on any session with nice S&R,Wave & volume, I'll take it.

Regards,
Basber
Trading methods are designed to put the odds in our favor, not predicting.
  • #27,965
  • Nov 11, 2011 2:13am Nov 11, 2011 2:13am
Quoting mavricos
I seen post 6, and other posts from sonic, but there no explanation how he counts the waves. But it is not the point, there is alot of exceptions in waves, like for example sometimes 2nd wave could go lower then bottom of first wave, you can count it as broken low, but market will go up. Any way. I like sonic. I have been reading this thread for the last 2 years. I liked it on the binging a lot, thats why i started to study waves. But now there is nothing to learn from here. Volume is cool, who explained the specific of forex volume, i had to go...
Hi,

Yes, there SHOULD be nothing to learn, because technical methods and instruments, like wave or S&R, is the science part of the trading, which I believe includes only 10% of being a trader. I'm not learning anything from technical perspective for a long time here. If you understand the wave and S&R correctly and completely, there is nothing more. It's like when you start to drive on a middle based skill, after some time, there's nothing more to learn.

But, I adhere to this believe that most of the trading is an art. It's some how a skill that could not be learnt completely and one will achieve it through the hard work, effort and the time that s/he put in trading. So, if you mastered the basic concepts, personalizing it to match yourself and are profitable with it, then it's time to change your studies path to another subject. I prefer to read as many as psychological subjects as I could. I don't remember last time which I intended to read a technical subject, because there is no use. But for example reading the path that successful traders passed, gives you a vision. Then you'll see the whole trading from another point of view.

Now when I'm even reading a book on psychological matters, there are only few lines that makes me smile, because there may be something new to learn, but most of them, I already know.

I suggest you to help new sonicers instead of trying to just learn. Comment on their setups, and so on. Repeating some things will make them go deep in our brain, so we can automate some aspects of our trading, which is good. If you're following this thread for 2 years, and if you're satisfy with the results of this method, then it's time to become a senior to help others. Otherwise it's like trying to learn something new about primary mathematical functions (like sum/subtraction/devide/multiply) in university, which because very very boring.

Just my 2 cents though ...

Regards,
Basber
Trading methods are designed to put the odds in our favor, not predicting.
  • #27,966
  • Nov 11, 2011 2:16am Nov 11, 2011 2:16am
Quoting Doncex
any sugestions about eu long setup?,volume looks perfect,london comfirm entry level..

any comments by sonic R veterans? on live trade?
I prefer not to long in this situation (See the pic). I like to see a short setup below this area.

Regards,
Basber
Attached Image (click to enlarge)
Click to Enlarge Name: eu.jpg Size: 82 KB
Trading methods are designed to put the odds in our favor, not predicting.
  • #27,967
  • Nov 11, 2011 2:34am Nov 11, 2011 2:34am
Pattern is closed, lets see the move. Not sure, if it is ABCD, price still can go up. There is 2 patterns, which one is gonna bring price down ????
Attached Image (click to enlarge)
Click to Enlarge Name: long.gif Size: 38 KB
  • #27,968
  • Nov 11, 2011 2:46am Nov 11, 2011 2:46am
Quoting mavricos
Pattern is closed, lets see the move. Not sure, if it is ABCD, price still can go up. There is 2 patterns, which one is gonna bring price down ????
I dont see it, plus there is low volume to indicate if there is going to be a strong move. It could be a CT after the free fall from the Euro, take the trade if you want, im out of it.

Try to have patience, plus its Friday, wont be much movement (unless big news comes out of the US, then its speculation/gambling this early to tell).
  • #27,969
  • Nov 11, 2011 2:50am Nov 11, 2011 2:50am
French Holiday and USA Holiday. We will see. I have a feeling not to trade today, plus I don't see any valid set ups. I was going to take a long on eur/usd but I deleted my buy stop order and good because it retraced.
  • #27,970
  • Nov 11, 2011 2:57am Nov 11, 2011 2:57am
Quoting Flamegs23
French Holiday and USA Holiday. We will see. I have a feeling not to trade today, plus I don't see any valid set ups. I was going to take a long on eur/usd but I deleted my buy stop order and good because it retraced.
Good day to have a beer and nice movie I don't think I'm gonna trade today either ...

Regards,
Basber
Trading methods are designed to put the odds in our favor, not predicting.
  • #27,971
  • Nov 11, 2011 3:00am Nov 11, 2011 3:00am
Quoting Basber
Hi Hunter,

It's a very nice thing to do to collect good posts from the past to help new sonicers save a lot of time. I'll like to help in any way, just ask if you need it.

Absoloutly right, 2 trades last week, both profitable. That's what I call to be more selective, not to pick eveything that looks like wave, consider every zone as a S&R because it's "looks like" zone and relying on some indicators to back up the trade. Nicely done I might say. Keep up the good job

I prefer to enter on London session, but if there is an entry forming...
Ill try to start compling the stuff early next year. Just getting near 24% done is a huge accomplishment. Got some good charts in there and words from the senior members from SonicR thread. And Sonic's 3000th post is golden! Hopefully ill get up to 50% done, but not sure if its needed. Set up is the same, just as times changes, new ways to look at it comes to light (TAH's templates and hopefully the 4th revision). Also the newest stuff, volume (not new to some members in the past but its crucial for today's Sonic'ers to place trades) will likely be added.

Hopefully ill get to doing it, work blows! But it gives me time to trade (work and women blows!!!)
  • #27,972
  • Nov 11, 2011 3:15am Nov 11, 2011 3:15am
US market is gonna be open, i have a good filling about that, Friday it is always a surprise
  • #27,973
  • Nov 11, 2011 3:26am Nov 11, 2011 3:26am
Quoting mavricos
US market is gonna be open, i have a good filling about that, Friday it is always a surprise
Filling or feeling? Because if its feelings, then you need to control it. Trading should not involve feelings or emotions AT ALL!
  • #27,974
  • Edited 3:54am Nov 11, 2011 3:28am | Edited 3:54am
Quoting hunter101
Filling or feeling? Because if its feelings, then you need to control it. Trading should not involve feelings or emotions AT ALL!

There is no such a thing as emotions in math

Keynes sad "If the basis for the development of the country becomes a profit from the casino, down the drain" Forex it is not a gambling, if you think that it is a gambling take your money and go to casino, may be you will get luck in 21. Trading it is investment !!!!!!!
  • #27,975
  • Nov 11, 2011 4:39am Nov 11, 2011 4:39am
Quoting mavricos
US market is gonna be open, i have a good filling about that, Friday it is always a surprise
Don't feel good today, it's an US & CA Bank holiday. Careful with these days ... I'm just playing online poker, more interesting than trading for these days

Regards,
Basber
Trading methods are designed to put the odds in our favor, not predicting.
  • #27,976
  • Nov 11, 2011 5:32am Nov 11, 2011 5:32am
Quoting Basber
Don't feel good today, it's an US & CA Bank holiday. Careful with these days ... I'm just playing online poker, more interesting than trading for these days

Regards,
Basber
yes..very boring day indeed, played some long on EU, no much to grap...weekend start now..
seeing through
  • #27,977
  • Nov 11, 2011 5:38am Nov 11, 2011 5:38am
Quoting mavricos
I seen post 6, and other posts from sonic, but there no explanation how he counts the waves. But it is not the point, there is alot of exceptions in waves, like for example sometimes 2nd wave could go lower then bottom of first wave, you can count it as broken low, but market will go up. Any way. I like sonic. I have been reading this thread for the last 2 years. I liked it on the binging a lot, thats why i started to study waves. But now there is nothing to learn from here. Volume is cool, who explained the specific of forex volume, i had to go...

for reading the wave, I suggest to focus two things,
1. the Tempo, and the relative size of the waves, if the wave you are going to take is relatively smaller or shorter, faster compare to waves before it, then it maybe no good to take.

2. combine wave reading with S/R, see following post for detail

the best way to learn is show your analysis, then we can suggest.

Quoting pipphunter
in addition to the soinc R rules, I have two conditions for the setup to take:
1. the setup must establish at major S/R level.
2. in M15 or M5 must shows reversal pattern, with the near-term S/R
flip, and tested, see attached chart example.
this two condition also used in my scalp trades, very rewarding so far.

for those want to improve trading skill, my advise is : "learning is the path of self discovery". you must pratice the methold that proven by others, and discover what elements holding your back and made bad decision. don't change system,or...
seeing through
  • #27,978
  • Nov 11, 2011 6:00am Nov 11, 2011 6:00am
Quoting Basber
Hi,

Yes, there SHOULD be nothing to learn, because technical methods and instruments, like wave or S&R, is the science part of the trading, which I believe includes only 10% of being a trader. I'm not learning anything from technical perspective for a long time here. If you understand the wave and S&R correctly and completely, there is nothing more. It's like when you start to drive on a middle based skill, after some time, there's nothing more to learn.

But, I adhere to this believe that most of the trading is an art. It's some how a skill...
100% agreeed, psychological factor is key to success, not only in FX, but also many sectors in life. EQ is more important than IQ to make you success!!

a lot of people think reading post on FF is learning, yes but just first step,
step 2: need to practices practices and practices, put your own analysis up, then we can suggest how to improve. Just like learning play tennis from a coach, just watch the coach play won't make you a good player, even the top players in the world keep interact with their coach in order to improve.

we are all willing to help//
seeing through
  • #27,979
  • Nov 11, 2011 6:07am Nov 11, 2011 6:07am
Quoting mavricos
Pattern is closed, lets see the move. Not sure, if it is ABCD, price still can go up. There is 2 patterns, which one is gonna bring price down ????
hi Mavricos:

what does the S/R tell? I think your have right wave reading, but missing the S/R point of view
seeing through
  • #27,980
  • Nov 11, 2011 6:13am Nov 11, 2011 6:13am
Here is a great book. By the greatest investor of all time, who said FU to Goldman Sachs board while bringing a hooker inside the meeting! Hes not out there writing philosophy books or telling people to get better. He makes one tough so that all emotion and 'feelings' will be disperse when it comes to trading. The way he trades is 'i dont feel that there will be movement or when ill place a trade' its more like, if this does this and that does that, then this trade is good. 20% per year for 20 years and the biggest hedge fund says allot. His words brings true wisdom! Which is why SonicR is great, cuts allot of legwork that he does
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