Sonic R. System

appreciate that.

Yes Im dont know "nothing about trading"

Im as other 95 % of loosers

I'm respecting as I say stone age setup I mean past trade

I'm just telling what I'm seeing

The last trade for today +50, Everybody have a great weekend. Market will open doors again on sunday !!!!!!

Master nice sonic R live trade,the iron sonic r rules of their own story :applause

Was busy whole day with meeting and planning..

But I traded what I see..



Nice Friday for me..
Sonic

Good luck for your journey
Hope oneday I would live on the trading.


Fractal

Still in the race with BE..


Sonic

Have a good weekend master


Fractal

being busy all day.. finally have time get the chart up.

H4 down trend is still valid, we have nice round bottom formed, the bull train will be bumpy ride. I am out and wait...

I see vol coming in near 1.340x.. Possibly stopping vol..
Anyway.. Friday should be a relaxing day..


Sonic

All closed.. Nite


Sonic

Nite Sonic,

have a great weekends! I've learnt not to go against the master..

Sonikers, here is an private message I recieved, which I am answering here (maintaining privacy for the individual) because some others of us might have similar thoughts.

"All I did today was stare at screens. I got sucked into the THV thread and my God that was mistake, not because its not good, but because I should master one system first. I missed a great long trade on eu because I was focusing on the thv. I feel frustrated man. I am looking for answers but I don't where to find them or if I ever will find them."

My reply.......

Getting oriented to trade the forex market can be daunting and scary. I am familiar with THV because I wrote the time shifted pivots for Cobra (with Caveman's invaluable writing of the core of the time shift code and DST code). THV was designed to be a scalpers method for M1-M15 trading, and is indicator intensive, especially compared to the Sonic R. System, but I guess all systems are indicator intensive when compared to the Sonic R. System!

Surely, as you browse trading methods in Forex Factory, you will eventually come to some conclusion as what method best suits your personality and temperment. I came to prefer Sonic R. because it is elegantly simple, it works (when we don't screw with it), and for the most part, Sonicdeejay himself is a huge plus by way of his advice and ongoing trades as examples of applying the Sonic R. System correctly.

I too, missed the Friday upswing, but arrived in time to add another short trade, based on the M5 SonicR setup. I have two shorts running now, and am ok with that as I see the longer term trend remains down on the Daily/H4 time frames.

I feel that as traders, we should not engage in kicking ourselves when discovering we missed a trade. It is more important we spend that time cementing into our mind what a proper setup looks like so we can have more confidence in trading in the direction they indicate regardless of any direction bias we have allowed ourselves to form.

This past week was mostly choppy, with PA ranging. And SonicR is not conducive to ranging PA because by the time a setup occurs (after PA bounces at top/bot of range) there might not be much travel/pips left to get before PA approaches the opposite range boundary. Moreover, ranging does not mean PA will continuously achieve the range boundaries in swings! This often means that if SonicR setups are to be found, the trader will have to drop to a lower TF, and will have to "adjust" to the fact that things can happen more quickly, and with smaller results. This adjustment can be "foreign" to traders, who will react too late, miss the profitable exit, and be left "holding the bag" with a loss.

I know that some posted trades representing entries at near the tops and bottoms of the ranging, but were not Sonic R. System trades. There was no point in such trades being posted. The Sonic R. System trader waits for a proper setup. If there isn't one, they simply sit back and wait until there is one. And, if one is missed, they don't kick themselves over it, because they know there are more coming.

To Sonic and Sonikers,

Here is a time line on Sonic's last trade of the week. The time line indicates the trade was properly initiated, reached good profit, and was held while PA dropped back down and closed the trade at BE (see 2nd chart below).

Post# 28209 - Sonic initiated trade, "Was busy whole day with meeting and planning... But I traded what I see.." This post occurs after trade was initiated, when price was at highs/TP1 (see Sonic's chart below).

Post# 28211 - Sonic confirming trade still running, "Still in the race with BE.." The time stamp on this post would indicate it a time when PA had fallen back down below the Dragon (see 2nd chart below).

Post# 28215 - Sonic closes trade, "All closed.. Nite" The time stamp on this post is an hour later, and would indicate the trade closed at BE, possibly BE+ a few pips (see 2nd chart below).

The purpose in my posting on Sonic's trade is not to point out any fault. Much to the contrary, I wish to point out the steadfastness with which Sonicdeejay adheres to using a SL and moving it to BE after his first target is reached. His post about moving his SL to BE arrived at a time when PA had already dropped a good bit, but he may have previously moved the SL to BE and was unable to post it right away due to his job.

In hindsight, some might say he should have closed the trade for profit near TP1. However, Sonic has his method of waiting to see if PA makes it to TP1, then moving SL to BE and waiting to see if PA goes for more profit. I am sure the positive results he has this way more than offsets times like this when PA does not cooperate.

Finding a method that works, and sticking to it, is a large part of the challange in trading.

I view my first week back with mixed emotions. The first EU trade went smoothly for profit. But the next trade got bogged down as EU went into ranging (1st chart below). There were a number of times I could have closed for 25-30 pips profit, but I kept thinking PA would eventually drop out of the range, resulting in better profit.

But no, PA did not cooperate. In fact, the move up on Friday was unexpected. Not being around to witness it until after it peaked, I was only able to take advantage of another shorting opportunity off the M5 chart, my 3rd trade of the week (2nd chart).

So, now I have two short trades on EU. One is down about 30 pips and the other is up about 45 pips. I view the long term trend as down (Daily/H4 charts), and so I am comfortable with these two positions now that the ranging seems over with. I view the move up on Friday as a head fake.

What bothers me about my first week is that once I realized PA was ranging, I should have closed the second trade at the next available time of profit, be it for 25-30 pips or only 1 pip. If I had been around Friday during the PA move up, I'd have sweated over that trade! Fortunately, I was not.

not bad for a comeback week....wish u catch more this week...goodluck trading...

Hi to all,

This is my first post on the Sonic R thread and indeed the FF. I have read the majority of this thread, which I would like to publicly thank Sonic for sharing (your help, attention, and stamina in making this thread so successful is incredible). I have started to trade the method with success; thanks must be conveyed at this stage to DDAYTRADER for his straightforward talking and hints on the real reason that Sonic works; price action alongside support & resistance. I'm far from experienced, however it seems to me that consistency is highly likely with patience, planning and sound management.

My question is; I'm struggling to understand where the dragon now comes in to play. It appears to me that ddaytrader, and others, now simply trade the waves, in conjunction with S&R levels, using these for entries and 'take profit' levels?

It would appear that as the method has evolved the dragon has become redundant? Meaning that the basic method of trading the wave using support & resistance is all that is necessary. Or am I missing something? Perhaps people use the dragon as a dynamic level of S&R.

I'd really appreciate people's thoughts on this.

Thanks again sonic, ddaytrader, and many others who have made a real impression on me, and turned my trading around.

Lee

Hi Lee,

The purpose of the Dragon is to help fix the entry area, several pips beyond the end of the Wave leg#2 candle that first exits the Dragon (it does not have to close outside the Dragon). The angle of the Dragon is used to validate or invalidate the trade (no longs if Dragon is down, and no shorts if Dragon is up). The steeper the Dragon angle, the better. And I can testify to that fact. Last week I entered on a M5 setup, but the Dragon angle on the M15 was not much. And the movement never went very far.

Support and resistance are important. So is the Dragon, the Trend line too, for that matter, because they both help to determine the right group of PA Waves for the setup. PA can form Waves around S/R, but the Dragon (and Trend) can help identify the "when" of it all. And to that, I would add the London session is important. Big bucks let loose in the market is what makes the sustained moves. And that happens most always only during the London sesssion (although there are infrequent exceptions,....like when central banks intervene to manipulate prices, which can happen at any hour).

EU:

I have been watching this early asian session activity. The trading increases as PA reaches the top of the range. There is more trading near the top of the range, than the bottom of the range. To me, this is a bearish sign.

Friday, PA was rejected from the 1.3600 area with lots of volume on the run back down. This too, is bearish, making the run up look like a head fake.

So, today/this week might be bearish. If so, for today I'd not be surprised to see PA bumped back to the 1.3550 area to start a run down. There is a high impact USD release today. Any drive up should be before that, if it is going to happen at all.

Having said all this, I'm waiting for the LO, ....waiting to see if a setup occurs after then, and trying to stay with a "neutral" bias. I have two short trades running, but the long term trend is down (Day/H4), so I am not concerned about them.

Gr8 stuff as always...
I will read the rest..of ur recent post..
My proj (from my full time job) is in final phase.. I am Kinda overloaded..


Sonic