Sonic R. System | Page 1444 | Forex Factory

Options

Go to
Permalinks
Print Thread

Similar Threads

Sonic R.evolution 95 replies

The System Behind the System, by Merlin Jeffries 16 replies

Old School Sonic System + Other Things 11 replies

Knife system, Vegas 4h system related questions. 4 replies

Would you trade this system? New system #2. 10 replies

Attachments: Sonic R. System
Exit Attachments

Sonic R. System

  • #28,861
  • Edited 1:53am Dec 12, 2011 1:34am | Edited 1:53am
EU:

Entered SC long (EP=1.3312) based on perceived stopping volume, plus previous high volume at PA lows. SL is tentative. It might be a bit too close. Should it need to be moved lower the next place down looks good just below 3/4 number. The Sonic Scout (SC) trade is high risk.
Attached Image (click to enlarge)
Click to Enlarge Name: dec 2011 - 072.gif Size: 39 KB
  • #28,862
  • Dec 12, 2011 2:36am Dec 12, 2011 2:36am
Quoting traderathome
EU:

Entered SC long (EP=1.3312) based on perceived stopping volume, plus previous high volume at PA lows. SL is tentative. It might be a bit too close. Should it need to be moved lower the next place down looks good just below 3/4 number. The Sonic Scout (SC) trade is high risk.
Why not this?
Attached Image (click to enlarge)
Click to Enlarge Name: dec%202011%20-%20072.gif Size: 41 KB
  • #28,863
  • Dec 12, 2011 2:41am Dec 12, 2011 2:41am
EU stopped out +5 AU manually closed +30
Attached Image(s) (click to enlarge)
Click to Enlarge Name: m5.gif Size: 26 KB
Click to Enlarge Name: m51.gif Size: 29 KB
  • #28,864
  • Dec 12, 2011 2:48am Dec 12, 2011 2:48am
Quoting Gloryrose
Why not this?
It is certainly another possibility for even more run if price can break down thru 1.3300 support. But I decided in part from volume, which I interpret as the BBs buying the lows and closing at the highs, more than selling the highs and closing at the lows. However, the trade as you show it was valid, and for decent pips already.
  • #28,865
  • Dec 12, 2011 3:03am Dec 12, 2011 3:03am
Quoting traderathome
It is certainly another possibility for even more run if price can break down thru 1.3300 support. But I decided in part from volume, which I interpret as the BBs buying the lows and closing at the highs, more than selling the highs and closing at the lows. However, the trade as you show it was valid, and for decent pips already.
This VOL is different form ur used.How to usd it?
  • #28,866
  • Dec 12, 2011 3:12am Dec 12, 2011 3:12am
Quoting traderathome
EU:

Entered SC long (EP=1.3312) based on perceived stopping volume, plus previous high volume at PA lows. SL is tentative. It might be a bit too close. Should it need to be moved lower the next place down looks good just below 3/4 number. The Sonic Scout (SC) trade is high risk.

Hi TAH, I have always been wondering, how you determine, if S/R is going to cause reversal or get broken. I know, some ppl use BB (Bollinger Bands etc.), others count waves (the more 1-2-3 you have the higher chance of reversal, or straight to Elliott) so, how do you know/what do you use? Further,where can I read more about Sonic Scout. Like most people in this chat, I too was tempted to go short on GU/EU, as the down trend looked very strong. Thanks!
  • #28,867
  • Dec 12, 2011 3:56am Dec 12, 2011 3:56am
Hi,
alrightfrank allways keep in mind that, Buy From Support and Sell from Resis, its very easy to understand but its very hard in real time .thnx

Muhammad



Quoting alrightfrank
EU stopped out +5 AU manually closed +30
FxHome
  • #28,868
  • Dec 12, 2011 7:34am Dec 12, 2011 7:34am
Quoting traderathome
EU:

Entered SC long (EP=1.3312) based on perceived stopping volume, plus previous high volume at PA lows. SL is tentative. It might be a bit too close. Should it need to be moved lower the next place down looks good just below 3/4 number. The Sonic Scout (SC) trade is high risk.

5 hrs later...

Selling/buying on Vol alone is very risky..
PA rules..

Sonic
  • #28,869
  • Dec 12, 2011 8:24am Dec 12, 2011 8:24am
Quoting Muhammad989
Hi,
alrightfrank allways keep in mind that, Buy From Support and Sell from Resis, its very easy to understand but its very hard in real time .thnx

Muhammad
sorry for late pic, im just hacking my pc from work...
Attached Image (click to enlarge)
Click to Enlarge Name: m15.gif Size: 32 KB
  • #28,870
  • Dec 12, 2011 8:50am Dec 12, 2011 8:50am
Quoting sonicdeejay
5 hrs later...

Selling/buying on Vol alone is very risky..
PA rules..

Sonic
Absolutely correct! Volume can only be used after the fact, and if it is in support of a setup that has appeared in the London session. Using volume otherwise is dangerous to your account. You might be right in guessing what is going on, but those "goings on" might continue a lot longer than you think, meaning the BBs might be buying the lows, but might go on creating new lows to buy at for a long time to come!!!!!!!

That trade ate my lunch (got stopped out at my lowered SL, which I will post later).
  • #28,871
  • Dec 12, 2011 9:01am Dec 12, 2011 9:01am
Quoting traderathome
Absolutely correct! Volume can only be used after the fact, and if it is in support of a setup that has appeared in the London session. Using volume otherwise is dangerous to your account. You might be right in guessing what is going on, but those "goings on" might continue a lot longer than you think, meaning the BBs might be buying the lows, but might go on creating new lows to buy at for a long time to come!!!!!!!

That trade ate my lunch (got stopped out at my lowered SL, which I will post later).

I have been there.. "Burnt" that.. mate..
I almost throw Vol indi out from my chart set up but it is still better than any lagging indicator..so I just leave it in my set up...

PA still rules..and Vol for some warning/notification only..

Sonic
  • #28,872
  • Edited 10:13am Dec 12, 2011 9:40am | Edited 10:13am
Quoting traderathome
EU:

Entered SC long (EP=1.3312) based on perceived stopping volume, plus previous high volume at PA lows. SL is tentative. It might be a bit too close. Should it need to be moved lower the next place down looks good just below 3/4 number. The Sonic Scout (SC) trade is high risk.
EU:

Stopped out for 38 pips loss from EP to lowered SL.
(Not a good idea to trade on volume alone!)
(Not a good idea to increase SL!)
(How I suffer for the good education of all Sonikers!)
Attached Image (click to enlarge)
Click to Enlarge Name: dec 2011 - 073.gif Size: 37 KB
  • #28,873
  • Dec 12, 2011 9:47am Dec 12, 2011 9:47am
Quoting traderathome
EU:

Stopped out for 38 pips loss from EP to lowered SL.
(Not a good idea to trade on volume alone!)
(How I suffer for the good education of all Sonikers!)
i have question in this chart the waves indicate short position but no one of the retracement touch the dragon ( in London session ) what the place to enter this trend if i miss the first wave or for traders prefer to enter in the second wave......
  • #28,874
  • Edited 10:34am Dec 12, 2011 10:19am | Edited 10:34am
Quoting HITMAN
i have question in this chart the waves indicate short position but no one of the retracement touch the dragon ( in London session ) what the place to enter this trend if i miss the first wave or for traders prefer to enter in the second wave......
For a SonicR re-entry trade, it is not necessary that PA retrace to the Dragon. Look for PA to retrace to S&R, as shown by black lines, and then resume trade direction. The high risk entry would be as PA resumes the trade direction after retracing to some S&R. The lower risk entry would be to wait for PA to move in the trade direction beyond previous significant hi/lo area. Possible high and low risk entry areas are shown with red lines.
Attached Image (click to enlarge)
Click to Enlarge Name: dec 2011 - 074.gif Size: 37 KB
  • #28,875
  • Dec 12, 2011 10:33am Dec 12, 2011 10:33am
Quoting traderathome
EU:

Stopped out for 38 pips loss from EP to lowered SL.
(Not a good idea to trade on volume alone!)
(Not a good idea to increase SL!)
(How I suffer for the good education of all Sonikers!)
I've discovered it is not bad to move a SL (as long as you are moving it tighter!)
  • #28,876
  • Dec 12, 2011 10:41am Dec 12, 2011 10:41am
GU:

Ok, I am wondering if this is going to take off today. Probably not, and it is very late in the London session. The trend is down, the Dragon is flat, and only the possibility of a PA wave exists. If not soon, then because this has been running relatively flat compared to EU, this could become a candidate to watch tomorrow for a breakout, either up or down.
Attached Image (click to enlarge)
Click to Enlarge Name: dec 2011 - 075.gif Size: 35 KB
  • #28,877
  • Dec 12, 2011 10:43am Dec 12, 2011 10:43am
I've been mostly watching the EU all day today, and it has been one continual downward spiral all day. It is in the vicinity of a significant historical low area, and I keep expecting to see an upward move at some point in time, however, the Lc has occurred already. Any opinions????
  • #28,878
  • Dec 12, 2011 11:30am Dec 12, 2011 11:30am
Has anyone created an EA for this system? If not, why?

Thanks.
  • #28,879
  • Dec 12, 2011 11:43am Dec 12, 2011 11:43am
Quoting ArtfulDodger
I've been mostly watching the EU all day today, and it has been one continual downward spiral all day. It is in the vicinity of a significant historical low area, and I keep expecting to see an upward move at some point in time, however, the Lc has occurred already. Any opinions????
EU:

Due to the significance of the attained support area, the BBs might linger here, making preparations for whatever they plan next,....no hurry for them unless availability of "goods" they need to build their positions dries up on them. Let's see what tomorrow brings.
Attached Image (click to enlarge)
Click to Enlarge Name: dec 2011 - 076.gif Size: 36 KB
  • #28,880
  • Dec 12, 2011 11:51am Dec 12, 2011 11:51am
Quoting jdtrader
Has anyone created an EA for this system? If not, why?

Thanks.
No. We prefer the "hands on" approach. But you are welcomed to build one and post it, if you like.
24 traders viewing now