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Sonic R. System

  • #29,101
  • Dec 19, 2011 9:08pm Dec 19, 2011 9:08pm
Quoting alrightfrank
long eu

all trades closed eu +14, re-entry +5, au +20
tah, did you take this trade? If not, why? Looks like a good setup, but a bad loss, no, or sticking it through until 1.298?
  • #29,102
  • Dec 19, 2011 9:28pm Dec 19, 2011 9:28pm
Quoting jdtrader
tah, did you take this trade? If not, why? Looks like a good setup, but a bad loss, no, or sticking it through until 1.298?
Did not trade EU yesterday. I already have two trades running on it.
  • #29,103
  • Dec 19, 2011 9:37pm Dec 19, 2011 9:37pm
Quoting traderathome
AU:

I have an open trade on this.

I have entered trade #2 long (EP=0.9926).

The last drive down today presents an attractive opportunity to enter a second long trade for several reasons. Price is now at the original EP area of the PA wave off of the lows last week. Also, the lows attained by this last drive down are higher than the lows in the asian session earlier. Furthermore, the PA bounce in the asian session was up off of a whole number. Finally, a second bounce up here could put PA on track to construct a new bullish wave. Oh,...

Few questions.

1. Your chart dragon and 89MA look different....notice your dragon in different spots in the AUDUSD30 chart. Any ideas why? We would have totally different trades. Most charts you don't have the dragon on the chart so I didn't notice before.

2. At this time it is past market trading time, which is one of the 3 top criteria for sonic setup, so why would you enter a trade? Furthermore, the dragon is downward at this time, qqe, etc PA below 89ma, wave showing downward...actually looks to be like a good short sonic re-entry, so I am completely perplexed by your long move here....it did then move down. In mine it shown signal down and I see you post long...I'm like wtf? haha
you give reasons for your long, but they are all reasons of speculation and a lot of other analysis that is unrelated to sonic strategy that is already proven...in his post he says keep it simple...this seems to be overcomplicating, no with other rules?

3. I really like your chart...do you have a template and what indicators being used? the template you are using is not in the first post, nor referenced in the first post to another thread.

Thanks again tah as always.
jd

your chart:
http://www.forexfactory.com/attachme...5&d=1324320878
Attached Image (click to enlarge)
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  • #29,104
  • Dec 19, 2011 9:43pm Dec 19, 2011 9:43pm
Quoting traderathome
EU:

This looks like a short setup. But it isn't.

1. Not London session.
2. PA at whole number that has been a support area for many days (and the longer, the stronger).
3. Large trading interest (volume) at lows in yesterday's asian and US sessions.
4. It could go lower, but even if it does it might be short lived and only because some BB is running stops and triggering wrong side orders to grab cheaply for a true move higher.

WARNING: Speculation.
great analysis. Thanks.
  • #29,105
  • Dec 19, 2011 9:47pm Dec 19, 2011 9:47pm
Quoting traderathome
GU:

Here is a nice picture of a SonicR long setup representing a bounce up off the whole number area. Hard to say if a run up will be initated before FO/LO, still several hours away. PA could be pulled back down and not rise again until the London session. But this is bullish so long as PA stays above the Dragon.
great! If it was during trading session, what price would you have entered this long? Would you have waited for price to reach above dragon, then next bar enter in? Just curious what you typically do...try to get better price, only enter several pips above dragon, etc?

Also, what is FO/LO? It has been mentioned a few times, as well as FE? Thanks.
  • #29,106
  • Dec 19, 2011 9:49pm Dec 19, 2011 9:49pm
Quoting traderathome
AU:

Also looking bullish in the asian session.
this seems so tempting to go long...I'm surprised you didn't considering you did enter earlier yesterday! What price would you have entered if during trading session and since trading session opened, would you enter right now or not anymore?
  • #29,107
  • Dec 19, 2011 9:51pm Dec 19, 2011 9:51pm
Quoting traderathome
EU:

Now starting to look bullish and, as with GU, a bounce up off the whole number area that has acted as support for days.
this one I would be careful more because PA wave the last 3 Highs have been lower highs.....
  • #29,108
  • Edited 10:45pm Dec 19, 2011 10:04pm | Edited 10:45pm
Quoting jdtrader
Few questions.

1. Your chart dragon and 89MA look different....notice your dragon in different spots in the AUDUSD30 chart. Any ideas why? We would have totally different trades. Most charts you don't have the dragon on the chart so I didn't notice before.

2. At this time it is past market trading time, which is one of the 3 top criteria for sonic setup, so why would you enter a trade? Furthermore, the dragon is downward at this time, qqe, etc PA below 89ma, wave showing downward...actually looks to be like a good short sonic re-entry, so I...
1. The Dragon and Trend Line M15 values can be displayed on M30 and H1 charts. You are displaying M30 TF calculations of the Dragon and Trend on the M30 chart. I am displaying the M15 configurations of the Dragon and Trend on the M30 chart.

2. What more can I say. For days now PA has waffled about and I saw bullish signs. Maybe my mind was closed to seeing bearish signs. So, when PA revisited the EP area of the PA wave that took PA up from the very lows, I entered long. Yeah, US BBs pulled the rug late afternoon, with nobody around to make it difficult for them to do that, and I had to endure that having already gone long. But, now price is rising.

3. Have been creating and testing templates. Not sure what I will put into the next release. But you can check out my previously released indys and templates on 12-01-2010 and 05-15-2011.
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  • #29,109
  • Edited 10:34pm Dec 19, 2011 10:08pm | Edited 10:34pm
Quoting jdtrader
great! If it was during trading session, what price would you have entered this long? Would you have waited for price to reach above dragon, then next bar enter in? Just curious what you typically do...try to get better price, only enter several pips above dragon, etc?

Also, what is FO/LO? It has been mentioned a few times, as well as FE? Thanks.
1. At least several pips beyond the end of the first candle protruding out of the Dragon in PA wave leg 3 (1.5520).
2. FO/LO = Frankfurt Open/London Open (one hour apart)
3. FE = Fibonacci Extension tool of MT4 platform
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  • #29,110
  • Dec 19, 2011 10:10pm Dec 19, 2011 10:10pm
Quoting jdtrader
this seems so tempting to go long...I'm surprised you didn't considering you did enter earlier yesterday! What price would you have entered if during trading session and since trading session opened, would you enter right now or not anymore?
As talked about before, I did enter in second half of yesterday's US session, at 0.9926. It is second trade on AU. No more for now.
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  • #29,111
  • Dec 19, 2011 10:12pm Dec 19, 2011 10:12pm
Quoting jdtrader
this one I would be careful more because PA wave the last 3 Highs have been lower highs.....
Yes, very true.....

.....but I believe in the ressurection!

(Already have 2 trades running. This was just heads up for Sonikers)
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  • #29,112
  • Dec 19, 2011 10:41pm Dec 19, 2011 10:41pm
Hello everyone

Where can I find the latest system manual, indicators and templates of Sonic R. System?

Thank you in advance...
Trade with discipline and respect the market...
  • #29,113
  • Dec 19, 2011 10:46pm Dec 19, 2011 10:46pm
Quoting ashkan_no9
Hello everyone

Where can I find the latest system manual, indicators and templates of Sonic R. System?

Thank you in advance...
page 1.
  • #29,114
  • Dec 19, 2011 11:03pm Dec 19, 2011 11:03pm
Quoting traderathome
page 1.
But SonicRV3 templates on page1, post1, isn't like your's.

Is there any update?
Trade with discipline and respect the market...
  • #29,115
  • Dec 19, 2011 11:12pm Dec 19, 2011 11:12pm
Quoting ashkan_no9
But SonicRV3 templates on page1, post1, isn't like your's.

Is there any update?
You did not fully read page 1. Also, I am experimenting with stuff for new release.
  • #29,116
  • Dec 20, 2011 12:21am Dec 20, 2011 12:21am
I have this at the moment. I think, the wave is correct but a bit unsure whether the increasing in the volume is because of traders are looking for better price to open their short or it's really a movement upward.

anyway, let the market decides. GU has already made its move and hopefully, EU will follow soon. any comment on my chart?

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  • #29,117
  • Dec 20, 2011 12:24am Dec 20, 2011 12:24am
Quoting traderathome
GU:

Entered long near EP of previous SonicR long setup (EP= 1.5482). PA pulled back down, tested this support area on high relative volume, and reversed up again. For the time being (prior to LO) holding with only closer in TPs based on FE for original SonicR long setup.
GU:

Trade closed with 86 pips gain from EP to TP. Previously cancelled lower TP choices and set single higher TP. SL remained unchanged.
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  • #29,118
  • Dec 20, 2011 12:33am Dec 20, 2011 12:33am
Quoting sorsurus
I have this at the moment. I think, the wave is correct but a bit unsure whether the increasing in the volume is because of traders are looking for better price to open their short or it's really a movement upward.

anyway, let the market decides. GU has already made its move and hopefully, EU will follow soon. any comment on my chart?

Attachment
Sorsurus, Sonic R. is not about individual candles on M15 (H4, yes. M15, no.), however, I do see a lot of longer lower wicks which may be indicative of BBs repeatedly running the price down, running stops and triggering wrong side orders into the market. If so, this is a bullish sign.
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  • #29,119
  • Dec 20, 2011 12:36am Dec 20, 2011 12:36am
EU:

Bingo!
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  • #29,120
  • Dec 20, 2011 12:46am Dec 20, 2011 12:46am
TAH,

i dont really understand when you mention "SOnic R is not about individual candle". care to explain? coz i dont see myself using a single candle to open a trade and i did draw a wave on my chart. a wave that i think is correct and it really is.

anyway, change my SL to BE+1. no worry.
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