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Sonic R. System

  • #28,441
  • Nov 25, 2011 11:08am Nov 25, 2011 11:08am
Quoting traderathome
Yes.

Well, I would add that an initial purpose of the SonicR Chart Panel was to "label" the pair so that is clear when charts are posted. Even today, some do not use the indicator. I, and others, I am sure, have a devil of a time making out what pair and what TF is being posted without wasting time scrutinizing the posted chart for some kind of clue! New Sonikers have more important things to do with their time than investigating posted charts to figure out these things!!!!!

And that evolved into adding the Lo, NY and Lc vertical...
maybe you have not seen my question above (about 2 hours ago)...
will be happy for an answer ...thanx
  • #28,442
  • Nov 25, 2011 11:15am Nov 25, 2011 11:15am
Quoting traderathome
EU:

Entered long this M5 Sonic R. setup.
Entered long (trade #2) on basis of pullback to SR, and lowered SL to give trade breathing room in sight of this increased volatility.
Attached Image (click to enlarge)
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  • #28,443
  • Nov 25, 2011 11:25am Nov 25, 2011 11:25am
Quoting zackery
@traderathome:
In your chart below I saw your shaded part in the "sonicrvolumes"-indi.
How have you done this?
thanks for your answer.
I apologize for the delay in responding. Within the past several days, when I posted displays of possible new templates for a later release, I noted that I was working on a new volume indy for one template. This is the one you are asking about. It is in-work, being "field tested", and a planned part of the next release of indicators and templates (not sure when, though, with year end holidays arriving).
  • #28,444
  • Nov 25, 2011 11:30am Nov 25, 2011 11:30am
okay thanx
keep on going...
  • #28,445
  • Edited 12:13pm Nov 25, 2011 11:55am | Edited 12:13pm
EU:

Higher volumes now appearing in conjunction with the second "US only" drive down.

Here, I believe, Sonic would say, "Too late to short, too early to long."

A sustained move up from here would create WAVE, but entry would be outside of London session. Personally, I added down here because it looked like price was basing, and I already was long at a higher price. However, as far as a run up late on this Friday, since it has not already started maybe the BBs are going to leave price low,.....better for them to continue building long positions for possibly a move up next week? Anyway.....

Like Sonic says, "Let the market decide."
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  • #28,446
  • Edited Nov 26, 2011 9:41am Nov 25, 2011 1:00pm | Edited Nov 26, 2011 9:41am
Personal Week Summary W/Sonic R. System:

Not sure how my remaining 4 trades will fare in the remaining two hours today, but here are the current statistics for my 16 trades this week....

13 wins for 564 (12 closed)
03 losses for 164 (0 closed)

81% hit rate for 400 pips (if the 4 open trades were closed right now).

PA for the 4 open trades remains at the lows created by the US session. There is more room for final moves up, than down, but anything could happen.
----------------------------------------------------------------------------------------------

Sonicdeejay has reported he has 2-7 trades a week. I have reviewed this week of my trades. Here is an interesting conclusion. If I had made only those trades that were Sonic R. with entries during the London session, I would have made only 5 trades:

4 wins for 337 pips (all closed)
1 loss for 28 pips (still running)

80% hit rate for 309 pips if the single remaining trade was closed now with the 28 pips loss.

As you can see 5 trades for 300+ pips is far better than 16 trades for 400 pips! That's an average of over 60 pips per trade (win or lose), not 25 pips! The obvious conclusion is......

........TRADE ONLY CLASSIC SONIC R., AND TRADE ONLY WITH LONDON SESSION ENTRIES.

In fact, my SC (Scout) trades (not included in the 5 above) were mostly 2nd trades on pairs where the first trades were NOT Classic Sonic R. during the London session. Had I not made the mistake of those original trades, I would not have felt the need to trade the SC method at all!

So, here is another conclusion......

.........If you want to make additional money off of fewer, more selective trade choices, then trade a larger size when you do make a trade. In other words, SELECTIVITY is far more profitable than FREQUENCY! A Soniker making 3 trades a week, perhaps averaging 60 pips (180 pips total, EPs to TPs), might actually be making a lot,.....A LOT more money than another Soniker reporting 16 trades for 400 pips! This is because the "selective" trader can more safely make larger size trades. The goal should not be to pile up the pips, but to get the highest quality pips and pile up the trade size. Once we Sonikers master being selective, as our accounts grow, we can make more money by increasing the size of our selective trades. If done this way, as demonstrated above, SELECTIVE trading becomes more profitable and less risky than FREQUENT trading.

Therefore,......

Trade only Classic Sonic R. with London session entries.

Get quality pips, not quantity pips. SELECTIVE trading is more profitable than FREQUENT trading!

Achieve progress in making money by making larger trades as your account grows larger.


Regards,
-tah
  • #28,447
  • Nov 25, 2011 4:41pm Nov 25, 2011 4:41pm
Quoting traderathome
EU:

Higher volumes now appearing in conjunction with the second "US only" drive down.

Here, I believe, Sonic would say, "Too late to short, too early to long."

A sustained move up from here would create WAVE, but entry would be outside of London session. Personally, I added down here because it looked like price was basing, and I already was long at a higher price. However, as far as a run up late on this Friday, since it has not already started maybe the BBs are going to leave price low,.....better for them to continue building long positions...
Tah,


I suggest not to open position in late Friday session.. Unless u r in for fast in fast out..


Taking a position can lead u to hold the position over weekend thus letting u bear for unecessary risk...


Sonic
  • #28,448
  • Nov 25, 2011 5:18pm Nov 25, 2011 5:18pm
Quoting odges
plain chart, 3 EMAs of period 34 (high, low, close) a.k.a. The Dragon, 89EMA for the trend. thats it.

Thanks!
  • #28,449
  • Nov 26, 2011 12:37am Nov 26, 2011 12:37am
Quoting sonicdeejay
Mate..


I guess u were trying to outsmart by picking bottom.. But end up the prices go lower n lower..


Trade what u see


Sonic
Thank you! Its more of a physiological thing. 'Buy low & sell high' mentality, heh, damn you econ courses!

Also, for all the possible re-entries this week, i am wondering if you would use the same risk/ratio as classic SonicR trades? I remember reading that for re-entries, one can risk a little more. Not sure if that is still used today.
  • #28,450
  • Nov 26, 2011 4:25am Nov 26, 2011 4:25am
Quoting traderathome
Personal Week Summary W/Sonic R. System:

Not sure how my remaining 4 trades will fare in the remaining two hours today, but here are the current statistics for my 16 trades this week....

13 wins for 564 (12 closed)
03 losses for 164 (0 closed)

81% hit rate for 400 pips (if the 4 open trades were closed right now).

PA for the 4 open trades remains at the lows created by the US session. There is more room for final moves up, than down, but anything could happen.
----------------------------------------------------------------------------------------------...
  • #28,451
  • Nov 26, 2011 5:35am Nov 26, 2011 5:35am
Quote
Trade only Classic Sonic R. with London session entries.

Get quality pips, not quantity pips. Trade SELECTIVITY is more profitable than trade FREQUENCY!

Achieve progress in making money by making larger trades as your account grows larger.

I think you said everything that needs to be said with that statement!

Bravo TAH.....bravo
  • #28,452
  • Nov 26, 2011 5:39am Nov 26, 2011 5:39am
Quoting sonicdeejay
Tah,


I suggest not to open position in late Friday session.. Unless u r in for fast in fast out..


Taking a position can lead u to hold the position over weekend thus letting u bear for unecessary risk...


Sonic
Sonic, expanding on that statement a little, would you close a long-running position that is negative, before the Friday close?

In essence, are you saying NEVER hold any position over a weekend?
  • #28,453
  • Nov 26, 2011 7:18am Nov 26, 2011 7:18am
Quoting ArtfulDodger
Sonic, expanding on that statement a little, would you close a long-running position that is negative, before the Friday close?

In essence, are you saying NEVER hold any position over a weekend?
Holding anything over the weekend is risky. Its a gamble. If you look at every Monday opens, sometimes the market opens in crazy places. SonicR isnt geared towards 'guessing' where it will open on Monday. Also, many Sonic'ers do not trade Monday's.
  • #28,454
  • Nov 26, 2011 7:36am Nov 26, 2011 7:36am
Quoting traderathome

Trade only Classic Sonic R. with London session entries.

Get quality pips, not quantity pips. Trade SELECTIVITY is more profitable than trade FREQUENCY!

Achieve progress in making money by making larger trades as your account grows larger.


Regards,
-tah
Hello, i'm still reading the whole thread (it's a HUGE thread) and learning. When you say "the classic Sonic R System" you mean to skip the SonicRV2 and SonicRV3 and focus on SonicR? May sound a stupid question but this will help me a lot

Thanks you very much in advance
  • #28,455
  • Edited 12:09pm Nov 26, 2011 10:11am | Edited 12:09pm
Quoting vincent82
Hello, i'm still reading the whole thread (it's a HUGE thread) and learning. When you say "the classic Sonic R System" you mean to skip the SonicRV2 and SonicRV3 and focus on SonicR? May sound a stupid question but this will help me a lot

Thanks you very much in advance
Hi Vincent,

The classic Sonic R. trade is the Sonic R. setup Sonicdeejay laid out in the beginnings of this thread. It has been paraphrased often in the thread, including with recent releases of additional indicators and templates. It has never changed. It is to be traded in the London session and includes "re-entry" trades. All templates provided in Post #1 are for trading this Sonic R. System.

The classic Sonic R. trade is distinguished from a different Sonic trade, the SC trade (Sonic Scout trade). The SC trade is a counter trend trade entered in response to apparent "stopping volume" once PA acts confirmingly. In other words, when PA stabs really high or low and the associated volume is really high, it might indicate movement in that direction is near ending. Once some additional confirmation of that assumption appears, then a SC trade in the direction opposite the previous trend is entered. Sonicdeejay introduced the SC trade earlier this year. It has much more risk associated with it than does the classic Sonic R. trade.

Obviously, the classic Sonic R. and the SC are completely opposite in a significant way. The classic Sonic R. is a trade with the immediate trend (Dragon with proper angle, PA on right side of Dragon and better still if on right side of Trend Line). The SC trade is opposite the immediate trend, based on a significant run ending with significant volume, with following PA confirming.

The attached chart illustrates. In the chart, following the SC trade illustrated, there is another Sonic R. trade and another SC trade. Can you see them? Hope this helps.

Regards,
-tah
Attached Image (click to enlarge)
Click to Enlarge Name: nov 2011 - 129.gif Size: 39 KB
  • #28,456
  • Nov 26, 2011 10:51am Nov 26, 2011 10:51am
Quoting traderathome
Hi Vincent,

The classic Sonic R. trade is the Sonic R. setup Sonicdeejay laid out in the beginnings of this thread. It has been paraphrased often in the thread, including with recent releases of additional indicators and templates. It has never changed. It is to be traded in the London session and includes "re-entry" trades. All templates provided in Post #1 are for trading this Sonic R. System.

The classic Sonic R. trade is distinguished from a different Sonic trade, the SC trade (Sonic Scout trade). The SC trade is a counter trend trade...
I love your vol indi...

Could you share?

Thanks.
"Being picky only cost your time - not MONEY"...Hans
  • #28,457
  • Nov 26, 2011 10:57am Nov 26, 2011 10:57am
Quoting traderathome
Hi Vincent,

The classic Sonic R. trade is the Sonic R. setup Sonicdeejay laid out in the beginnings of this thread. It has been paraphrased often in the thread, including with recent releases of additional indicators and templates. It has never changed. It is to be traded in the London session and includes "re-entry" trades. All templates provided in Post #1 are for trading this Sonic R. System.

The classic Sonic R. trade is distinguished from a different Sonic trade, the SC trade (Sonic Scout trade). The SC trade is a counter trend trade...

It explain everything, thanks you Tah

Last rookie question, than i'll not bother anymore : can you tell me where i can study the price action in the way it suite best whit this System?

Thanks you again
  • #28,458
  • Edited 12:49pm Nov 26, 2011 12:20pm | Edited 12:49pm
Quoting nando_rich
I love your vol indi...

Could you share?

Thanks.
Hi Nando,

Yes. It is a part of next indys and templates release that is still in-work. Patience, please. I am glad you approve. I worked hard to take a good concept like Price/Volume considerations and make both a candle indy and a volume indy that communicates, yet is uncluttered.

I am still undecided about whether to use a plain Dragon Band (1st chart) or the Dragon based on C/H/L prices (2nd chart). What do you think?
Attached Image(s) (click to enlarge)
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Click to Enlarge Name: nov 2011 - 131.gif Size: 37 KB
  • #28,459
  • Edited 2:52pm Nov 26, 2011 12:46pm | Edited 2:52pm
Quoting vincent82
It explain everything, thanks you Tah

Last rookie question, than i'll not bother anymore : can you tell me where i can study the price action in the way it suite best whit this System?

Thanks you again
PA is so very important to Sonic R. And it's importance stems not only in it's relative ups and downs, but also from where the PA action is taking place relative to historic S&R areas, to whole, half and quarter number levels and whether or not it is in the London session. It is the "whole ball of wax, or nothing!"

I'd recommend you browse thru Sonicdeejay's posts of his trades, because he (thank God!) most of the time makes it a point to show where he believes the S&R is, that can influence PA during a trade.

ddaytrader, too, is a "S&R is essential in studying PA" kind of guy. His posts on the subject can be very informative.

Sonic has a rule, "....no pic, no post...", and the purpose is to help readers digest what is being said in the post. Talk about PA, S&R, and setups is one thing, but a clearly illustrated chart drives it all home and helps with retention when it comes to taking that "talk" and using it to analyze a new situation. Unfortunately, some posters neglect to assist in making this thread be best source for the information you desire. Nevertheless, there are many posts that do. So read the last several months of posts, those with good illustrations of PA, S&R and setups. All this will eventually "come to you". It takes a lot of chart watching over time, and eventually your mind will come to understand how PA moves, and how S&R areas, and whole/half number areas can be alert areas for you to watch, and see how PA behaves there. Most importantly is when PA, S&R and the London session come together. The London session is often the catalyst that makes PA respond in a more tradeable way when it is near S&R, etc.

Hope this too, helps.

Regards,
-tah
  • #28,460
  • Nov 26, 2011 1:00pm Nov 26, 2011 1:00pm
I all...ciao Sonic...i have Oec platform(sorry for my english..i'm italian) and have a problem with the indicator--qqe and nvo
In easylanguage is possible you think??
Thamks
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