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Sonic R. System

  • #29,141
  • Dec 20, 2011 11:29pm Dec 20, 2011 11:29pm
tah, which markets do you trade sonic besides eurusd and gbpusd? Do you do audusd, audjpy, usdjpy, and/or any others?

Also, do you only trade primarily 15 and sometimes 5 TFs, or others as well?
  • #29,142
  • Edited 11:51pm Dec 20, 2011 11:40pm | Edited 11:51pm
Quoting jdtrader
tah, which markets do you trade sonic besides eurusd and gbpusd? Do you do audusd, audjpy, usdjpy, and/or any others?

Also, do you only trade primarily 15 and sometimes 5 TFs, or others as well?
I agree with Sonicdeejay in that EU should be the only traded pair. The Sonic R. System works everywhere, but getting the feel for just one pair, the one with the lowest spread and highest volumes overall, just makes good sense.

However, I am like anyone else, sometimes looking for a trade elsewhere because EU just does not look "right" for a trade for the current session.

So, yes, I do sometimes trade other pairs, like: GU, AU, AJ. I used to like EJ best of all pairs, but the stink pot the euro is in has polluted those fishing waters as well. I still try to focus on EU, but for nowadays GU seems sometimes the better choice. I vary. I suppose everyone does.

M15 is fundamental. But there are times when M5 can offer up smaller trades while M15 is undecided. Or, it can offer a slightly earlier entry to a M15 setup. Look at the two attached pics. The first is std. M15. The second is M15 with the M5 Dragon. See what I mean?
Attached Image(s) (click to enlarge)
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Click to Enlarge Name: dec 2011 - 175.gif Size: 34 KB
  • #29,143
  • Dec 20, 2011 11:40pm Dec 20, 2011 11:40pm
Quoting traderathome
GU:

CT M5 asian session SonicR short trade is triggered. ("CT", "M5", "asian session",.......geez! I ought to have my head examined!)
You have a weekly pivot at 1.3118 so hopefully that will keep it below your SL...
  • #29,144
  • Dec 20, 2011 11:45pm Dec 20, 2011 11:45pm
Quoting traderathome
I agree with Sonicdeejay in that EU should be the only traded pair. The Sonic R. System works everywhere, but getting the feel for just one pair, the one with the lowest spread and highest volumes overall, just makes good sense.

However, I am like anyone else, sometimes looking for a trade elsewhere because EU just does not look "right" for a trade for the current session.

So, yes, I do sometimes trade other pairs, like: GU, AU, AJ. I used to like EJ best of all pairs, but the stink pot the euro is in has polluted those fishing waters...
I hear ya....and your thoughts on timeframes for sonic? Do you ever trade 5min or possibly linger to other TF? I ask because I notice you post other TF charts like 30min, 1hour, and I may have seen 4hour, so wasn't sure if that was just to get some idea, or if you would sometimes even trade sonic on those?
  • #29,145
  • Dec 21, 2011 12:00am Dec 21, 2011 12:00am
Quoting jdtrader
You have a weekly pivot at 1.3118 so hopefully that will keep it below your SL...
What!? A GU weekly pivot at 1.3118....???? Hey, if my short hits that pivot today, I can take a vacation from trading for the rest of the holidays!
  • #29,146
  • Dec 21, 2011 12:05am Dec 21, 2011 12:05am
Quoting jdtrader
I hear ya....and your thoughts on timeframes for sonic? Do you ever trade 5min or possibly linger to other TF? I ask because I notice you post other TF charts like 30min, 1hour, and I may have seen 4hour, so wasn't sure if that was just to get some idea, or if you would sometimes even trade sonic on those?
1. M15 is the fundamental trade TF.
2. M5 might be used sometimes (asian session trades, early entry to London session M15 trades).

Trading other TFs (H4, H1 or M30) could be done. It comes down to individual trader's choice. Heck, one could slap the H1 Dragon onto the H4 chart and trade that!
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  • #29,147
  • Dec 21, 2011 12:16am Dec 21, 2011 12:16am
Quoting traderathome
What!? A GU weekly pivot at 1.3118....???? Hey, if my short hits that pivot today, I can take a vacation from trading for the rest of the holidays!
I thought you were short EURUSD...nevermind. EURUSD weekly pivot is at 1.3118 and it keeps bouncing off of it.
  • #29,148
  • Dec 21, 2011 12:28am Dec 21, 2011 12:28am
Quoting jdtrader
I thought you were short EURUSD...nevermind. EURUSD weekly pivot is at 1.3118 and it keeps bouncing off of it.
GU:

It is this one, GU, that I am now short,.....and still waiting for the drop. BBs must be loading up, and going to let the Frankfurt gang do the drive down? Who knows.
Attached Image (click to enlarge)
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  • #29,149
  • Dec 21, 2011 12:32am Dec 21, 2011 12:32am
if I had to be long or short...I'd rather be short, but instead I'm neither and going to bed. lol Good luck!
  • #29,150
  • Dec 21, 2011 1:36am Dec 21, 2011 1:36am
Quoting traderathome
GU:

It is this one, GU, that I am now short,.....and still waiting for the drop. BBs must be loading up, and going to let the Frankfurt gang do the drive down? Who knows.
GU:

Stopped out for 16 pips loss, EP to SL.
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  • #29,151
  • Dec 21, 2011 2:50am Dec 21, 2011 2:50am
Quoting traderathome
Hi maxryan,

[...]

See the attached pic. for an illustration of the classic Sonic R. setup (London session entry), with all the components shown and labeled with comments.

Regards,
-tah
Many compliments for your explanation, you should include that image on SonicR Manual PDF!
  • #29,152
  • Dec 21, 2011 2:54am Dec 21, 2011 2:54am
A little question: can this be considered a SonicR setup, or it's too "streched"?
Attached Image (click to enlarge)
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  • #29,153
  • Dec 21, 2011 3:31am Dec 21, 2011 3:31am
Stemag,

Wait for TAH to give the clarification. but please allow me to give my view on that situation. For me, it's not really Sonic R Setup for long. but it's actually a setup for short. But, as it is considered a counter trend, it did trap TAH with his trade earlier. and we should avoid trading a counter trend.

whether it's a stretched price action or not, i think, yes it is. but, it does not really follow the rule because the price should come from below the dragon and hit the upper dragon before it reverse a bit. and continue it's journey upward. vice versa.

so, that's my view. anyone else?
  • #29,154
  • Dec 21, 2011 8:11am Dec 21, 2011 8:11am
Thank tradeathome very much .
@all member SonicR : "and if there is no strong PA S&R area just beyond the entry"
that's mean ? Can you rewrite one new line to me understand about it ?
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  • #29,155
  • Dec 21, 2011 8:39am Dec 21, 2011 8:39am
Quoting sorsurus
Stemag,

Wait for TAH to give the clarification. but please allow me to give my view on that situation. For me, it's not really Sonic R Setup for long. but it's actually a setup for short. But, as it is considered a counter trend, it did trap TAH with his trade earlier. and we should avoid trading a counter trend.

whether it's a stretched price action or not, i think, yes it is. but, it does not really follow the rule because the price should come from below the dragon and hit the upper dragon before it reverse a bit. and continue it's journey...
It makes sense, thanks Sorsurus.


Quoting maxryan9999
Thank tradeathome very much .
@all member SonicR : "and if there is no strong PA S&R area just beyond the entry"
that's mean ? Can you rewrite one new line to me understand about it ?
He means" if there is no valid support/resistance zone ", i think.
  • #29,156
  • Dec 21, 2011 9:48am Dec 21, 2011 9:48am
sorry for posting this late. Currently, i have this for my GU.

I saw the wave and i think it's going to break the support. I consider this as a counter trend so i put a tight SL there. if it did break the support, then, i'll be very happy.

any comment on this?

Oh, one more thing, i saw the volume was up a few hours back. may be the traders were pushing the price up and after that, volume is up again to bring the price down.

anyway, i will let the market decides.

Attached Image (click to enlarge)
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  • #29,157
  • Dec 21, 2011 10:33am Dec 21, 2011 10:33am
Quoting traderathome
EU:

Entered SonicR long (EP= 1.3203).
EU:

Closed trade for 33 pips loss from EP to close. Decided before leaving earlier to set a hard close at price in bottom of range where I entered.
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  • #29,158
  • Dec 21, 2011 10:36am Dec 21, 2011 10:36am
GU:

Entered SonicR short (EP= 1.5677) based on everything else dropping against USD, and the fact of high trading at the highs.
Attached Image (click to enlarge)
Click to Enlarge Name: dec 2011 - 180.gif Size: 36 KB
  • #29,159
  • Dec 21, 2011 10:58am Dec 21, 2011 10:58am
Quoting sorsurus
Stemag,

Wait for TAH to give the clarification. but please allow me to give my view on that situation. For me, it's not really Sonic R Setup for long. but it's actually a setup for short. But, as it is considered a counter trend, it did trap TAH with his trade earlier. and we should avoid trading a counter trend.

whether it's a stretched price action or not, i think, yes it is. but, it does not really follow the rule because the price should come from below the dragon and hit the upper dragon before it reverse a bit. and continue it's journey...
Sorsurus, you are right on with your reasoning.

Probably good to repeat a summary of this important point about a good PA wave....

1. For a long, it should start below the Dragon, go up thru and out the top of the Dragon (Leg 1), retrace down into or back thru the bottom of the Dragon (Leg 2), and finally come back out the top of the Dragon (Leg 3).

2. For a short, it should start above the Dragon, go down thru and out the bottom of the Dragon (Leg 1), retrace up into or back thru the top of the Dragon (Leg 2), and finally come back out the bottom of the Dragon (Leg 3).
Attached Image (click to enlarge)
Click to Enlarge Name: Sonic.png Size: 65 KB
  • #29,160
  • Dec 21, 2011 11:10am Dec 21, 2011 11:10am
Quoting traderathome
GU:

Entered SonicR short (EP= 1.5677) based on everything else dropping against USD, and the fact of high trading at the highs.
GU:

Revised points of FE study and revised/added possible TPs.
Attached Image (click to enlarge)
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