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Sonic R. System

  • #28,941
  • Dec 14, 2011 9:52pm Dec 14, 2011 9:52pm
TAH - Which pairs do you mostly recommend we use this system with ?
  • #28,942
  • Dec 14, 2011 9:53pm Dec 14, 2011 9:53pm
Quoting ArtfulDodger
Fioon, one of my problems has been setting a firm TP and by doing so, missing out on a good, long run of PA. If you have the time to sit and watch a trade, you could pick a mental point and if things appear to be turning bad, just close the trade at that point. Otherwise, just let it run and set a higher TP as you go along.
Ya, so far im watching a trade. want to learn Sonic TP technique. keep on learning..
  • #28,943
  • Edited 10:15pm Dec 14, 2011 9:59pm | Edited 10:15pm
Quoting ashinvest
TAH - Which pairs do you mostly recommend we use this system with ?
Sonicdeejay recommends only trading EU. Yes, as you read thru the thread you will see that many have traded other pairs also. Even at times Sonicdeejay has traded something other than EU. But he has recently reclaimed that EU should be the pair traded. It has the lowest spread, and trades with the highest volume. Both are good for Sonikers.

We all tend to "look around" for something that might be a setup when we don't see one with EU. That might be ok, but it might also mean we are too anxious to get into a trade. That might be bad. And if EU is not offering a good setup, then maybe another that looks like good setup actually is not.
  • #28,944
  • Dec 14, 2011 10:13pm Dec 14, 2011 10:13pm
Quoting Fioon
Ya, so far im watching a trade. want to learn Sonic TP technique. keep on learning..
Sonideejay's technique is to have two TPs, based on two prominent S&R areas. This sometimes means that TP2 will be beyond the range of the day. If and when PA reaches TP1, he takes half the profit, moves the SL to BE and lets the remaining half of the trade ride in the hope that PA will achieve TP2. Sometimes it does and sometimes the second part of the trade is stopped out with no loss.

Another technique is to pick an S&R area that is well within the range, but far enough from EP so that decent profit is made (45-70 pips). Close the entire trade there,.....take the money and run. Sometimes PA will pull back sufficiently to put on a re-entry trade with maybe the same TP, or a slightly higher TP.

I can tell you from experience that small profits quickly add up. But consistently holding out for large profits can end in disaster.
  • #28,945
  • Dec 14, 2011 11:40pm Dec 14, 2011 11:40pm
Quoting traderathome
Hi makassar.

Many have come here and, at one time or another, put MACD on their charts to proclaim divergence, suggesting it be used as an indicator.

Sonicdeejay is adamant about not adding lagging indicators to the chart. And that includes MACD. And I agree with him. And regarding MACD in particular, divergence can sometimes exist for a very long time before PA turns in the other direction.

The MACD, and all technical indicators are derived from the price itself, they are all derivatives of price. We have the price, and with Sonic R. there...
many thanks for the advice TAH i need such comment, just read abot macd last nite and learn it by put it on my chart. maybe i'll keep it for sometimes until i truly understand about it's behaviour. i want to understand well all basic indies since i quite new to this currency market . GBU
a citizen of earth
  • #28,946
  • Dec 15, 2011 2:25am Dec 15, 2011 2:25am
The EU is doing a crazy little dance at the moment. I'm expecting a big fall, but hey, you never know what PA has in mind!
  • #28,947
  • Dec 15, 2011 2:42am Dec 15, 2011 2:42am
Quoting traderathome
Hi makassar.

Many have come here and, at one time or another, put MACD on their charts to proclaim divergence, suggesting it be used as an indicator.

Sonicdeejay is adamant about not adding lagging indicators to the chart. And that includes MACD. And I agree with him. And regarding MACD in particular, divergence can sometimes exist for a very long time before PA turns in the other direction.

The MACD, and all technical indicators are derived from the price itself, they are all derivatives of price. We have the price, and with Sonic...
TAH, you should add the last paragraph of your post to your signature so that it jumps out at us everytime you post. It's so important for us to keep that thought in our heads at all times. Simple to say, but difficult to do sometimes.
  • #28,948
  • Dec 15, 2011 2:48am Dec 15, 2011 2:48am
Quoting traderathome
Sonicdeejay recommends only trading EU. Yes, as you read thru the thread you will see that many have traded other pairs also. Even at times Sonicdeejay has traded something other than EU. But he has recently reclaimed that EU should be the pair traded. It has the lowest spread, and trades with the highest volume. Both are good for Sonikers.

We all tend to "look around" for something that might be a setup when we don't see one with EU. That might be ok, but it might also mean we are too anxious to get into a trade. That might be bad. And if...
I have flirted with other pairs also, but find it waaaaay too distracting. And sometimes I forget which chart I'm looking at which can be a dangerous thing! I plan to stick with EU from here on out.
  • #28,949
  • Dec 15, 2011 2:48am Dec 15, 2011 2:48am
Quoting traderathome
Here is an example for EU:

My H4 chart still has a bit over 2 hours to go, but so far it is shaping up as a hammer/bullish. If the current H4 candle completes as a hammer, then a SonicR long setup may be coming, though perhaps tomorrow. In other words, as the M15 Dragon continues down, PA might drop to create another low before moving up thru the Dragon. All this could transpire up to the next LO, with a breakout up occurring in the London session tomorrow. We just have to be patient.

In the past 8 trading days PA has dropped 600 pips, so if...
......and I'd be looking for a pullback by either the London BBs or the US BBs, because if this is going higher, they'd both like to get on the train at a lower station.
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  • #28,950
  • Dec 15, 2011 2:53am Dec 15, 2011 2:53am
Quoting traderathome
......and I'd be looking for a pullback by either the London BBs or the US BBs, because if this is going higher, they'd both like to get on the train at a lower station.
Wow, that was quick.
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  • #28,951
  • Dec 15, 2011 3:06am Dec 15, 2011 3:06am
EU:

London BBs doing the pullback thingy, looks like. To get on the long train at a lower price? If this goes higher, a decent looking area to take profit would be around the MR2 level. The green area encompasses MR2, FE 162%, as well as the whole number 1.3100. But also, if this is going higher, the US BBs might do a pullback thingy. too.......
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  • #28,952
  • Dec 15, 2011 3:28am Dec 15, 2011 3:28am
EU:

Are the London BBs finished with their pullback?

Based on updated FE study, and assuming PA does not put in a lower end to wave leg #2 in the attached pic, you can see two concentrations of lines from different methods of selecting targets (FE extensions, whole number subdivision levels, and pivots), but that also jive with PA S&R.

If this is going higher, and if the US BBs do a pullback also and bring in a new low(or if anything happens to create a new low which remains higher than the low used to start the FE study), then the FE study should be redrawn based on that new low.

Based upon the current picture, the SonicR long EP has yet to occur. It will when PA rises again up thru the Dragon, with EP being at least several pips beyond the end of the first PA wave leg #3 candle that exits the top of the Dragon......

.......and the London session is underway!
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  • #28,953
  • Edited 4:10am Dec 15, 2011 3:56am | Edited 4:10am
EU:

Until PA leg2 is finished, the FE study will be changing.

As it is currently, if we get a SonicR long setup that runs, I'd favor the FE 100% area for TP1. Maybe the US BBs would then pull price back down for a re-entry opportunity for a shot at a higher TP2 around MR2 or maybe even FE 162%/RDH. As it stands, overall I most favor the MR2 area as a TP. It is an area that includes the FR 50% retrace of the move down started on Tuesday, and it aligns very well with historic PA (dashed line).

Remember, this is all preliminary because we do not yet have a SonicR long setup. PA wave leg3 has not yet gone up thru the Dragon. All we currently have is a PA wave under construction. And, as we all know, there can be a big slip between cup and lip!
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  • #28,954
  • Dec 15, 2011 4:00am Dec 15, 2011 4:00am
You and me are of different opinion now, tah
  • #28,955
  • Dec 15, 2011 4:12am Dec 15, 2011 4:12am
Hi, sorry i dunno if i'm welcome here.

I use a strategy similar to yours on the 1h/30' live since 11 months.. working well so far, but i don't really feel safe trading that way, so i'm reading here, hoping to learn how to trade waves on lower TFs from all of you.

Said that, the GU looks far better (for a long) than EU, isn't it?

Attached Image (click to enlarge)
Click to Enlarge Name: GU.PNG Size: 61 KB


Hope that isn't a problem if i post some charts.

The EU seems like a short setup..

Attached Image (click to enlarge)
Click to Enlarge Name: EU.PNG Size: 61 KB


OR, for the higher view:

Attached Image (click to enlarge)
Click to Enlarge Name: EU2.PNG Size: 65 KB


Too bad it just fell of for 600pips last days.
  • #28,956
  • Dec 15, 2011 4:18am Dec 15, 2011 4:18am
Quoting duyk20
You and me are of different opinion now, tah
I don't have an opinion. I am still waiting to see what happens. And your opinion could be correct. PA might rise into the US open, then the US BBs pump it a bit more in conjunction with the upcoming USD high impact releases, and then another dive as the final result.

Anything can happen, including nothing but just ranging. At times like this, upcoming USD high impact releases and all, one can truely appreciate the wisdom in Sonicdeejay's saying, "Let the market decide." And the market might not decide anything for hours.
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  • #28,957
  • Edited 5:00am Dec 15, 2011 4:35am | Edited 5:00am
Quoting SteMag
Hi, sorry i dunno if i'm welcome here.

I use a strategy similar to yours on the 1h/30' live since 11 months.. working well so far, but i don't really feel safe trading that way, so i'm reading here, hoping to learn how to trade waves on lower TFs from all of you.

Said that, the GU looks far better (for a long) than EU, isn't it?

Attachment

Hope that isn't a problem if i post some charts.

The EU seems like a short setup..

Attachment

OR, for the higher view:

Attachment

Too bad it just fell of...
GU:

SteMag, you are very welcomed here.

I concur that GU is a SonicR long setup that has triggered. Also, EG may be constructing a double bottom. IF E rises against G, then it also speaks to the possibility of a EU long setup occurring.
Attached Image(s) (click to enlarge)
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  • #28,958
  • Dec 15, 2011 4:45am Dec 15, 2011 4:45am
AU:

A SonicR long setup just about to trigger? I am only posting on this since I already am in a long trade on it.

What with USD releases upcoming, prudence would be to wait. But then too, we trade what the market gives, what the chart shows us.

Were a trade to trigger and entry be made, due to the USD releases upcoming, I'd keep a tight reign on the trade.
Attached Image (click to enlarge)
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  • #28,959
  • Dec 15, 2011 4:52am Dec 15, 2011 4:52am
Quoting traderathome
AU:

A SonicR long setup just about to trigger? I am only posting on this since I already am in a long trade on it.

What with USD releases upcoming, prudence would be to wait. But then too, we trade what the market gives, what the chart shows us.

Were a trade to trigger and entry be made, due to the USD releases upcoming, I'd keep a tight reign on the trade.
but the dragon is pointing at 3'oc
  • #28,960
  • Dec 15, 2011 4:54am Dec 15, 2011 4:54am
Quoting SteMag
Hi, sorry i dunno if i'm welcome here.

I use a strategy similar to yours on the 1h/30' live since 11 months.. working well so far, but i don't really feel safe trading that way, so i'm reading here, hoping to learn how to trade waves on lower TFs from all of you.

Said that, the GU looks far better (for a long) than EU, isn't it?

Attachment

Hope that isn't a problem if i post some charts.

The EU seems like a short setup..

Attachment

OR, for the higher view:

Attachment

Too bad it just fell of...
GU:

Using M30, some possible longer range targeting.....
Attached Image (click to enlarge)
Click to Enlarge Name: dec 2011 - 107.gif Size: 44 KB
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