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Sonic R. System

  • #29,441
  • Jan 2, 2012 10:37am Jan 2, 2012 10:37am
Quoting nando_rich
1st trade in the year....
nando, are you using an indicator that displays base C, stop loss, etc?
  • #29,442
  • Jan 2, 2012 10:54am Jan 2, 2012 10:54am
Quoting jdtrader
nando, are you using an indicator that displays base C, stop loss, etc?
No...It's just FE study mt4 tool...with my favorit TP's 162-188% for 5min chart.

Regards,
Nando.
"Being picky only cost your time - not MONEY"...Hans
  • #29,443
  • Jan 2, 2012 12:21pm Jan 2, 2012 12:21pm
Any sonikers please put in your thoughts or how you interprete.

Here is what I'm still struggling with that is holding me back since I keep seeing these cases over and over and over again. These charts also are examples of discrepancy entries from other members on here, meaning some people posting going long when others posting soon going short while others are in a trade already and aren't in the second one because SL is not hit yet.

By the sonic and TAH book to confirms almost all signals for a proper entry (in fact more so than other trades I have seen that have taken place):

M15 chart
proper session entry
proper PA Wave
•For long L-H-HL, and for short H-L-LH
•First leg of wave goes all the way thru the Dragon
•Second leg of wave retraces into, or thru Dragon
•Third leg of wave moves back out of Dragon
Proper angle on Dragon
•Not flat, the steeper the better
Proper entry
•PA on correct side of Dragon, above for longs, below for shorts
•Better still if PA also on correct side of Trend Line
Attached Image (click to enlarge)
Click to Enlarge Name: ex1.jpg Size: 801 KB


Now if I would have taken this long trying to get a more aggressive entry, then I would be long with a SL under the first leg.

Then other sonikers that didn't enter the first one would be going short. Same above rules are valid....M15 chart
proper session entry
proper PA Wave
Proper angle on Dragon
Proper entry, etc
Attached Image (click to enlarge)
Click to Enlarge Name: ex2.jpg Size: 800 KB


1st sonikers say still in SL not hit...big strong wave broke through weekly, just forming maybe another new HL, etc etc etc
2nd sonikers say good wave down, dragon very down etc etc etc

This is part of the confusion when I see some sonikers go long while others short. Every example is different so yeah we can tear this example apart and say why one is better than the other and it is easier to do now with the chart developed, but I'm asking if you can remove this and answer how you approach this very specific example but instead answer as a general answer. It is a similar example of how last week TAH was saying every post very good long setup on just about every currency and then a HUGE short setup immediately is setup down occurs and a few sonikers post "yep, that was a perfect short setup that I was following for awhile" WHAT? TAH has been posting opposite, what do you mean perfect short...I'm sure some are long! yeah now after the fact it looks like good short.. but a perfect long setup occurred and I'm sure there were sonikers that took longs and got badly hit by the SL and missed the awesome short.

So how come half sonikers this way and half the other way over and over again? Please anybody explain this.

Lets assume if unanswered by any sonikers, this is also a confusion for you as well
  • #29,444
  • Edited 2:11pm Jan 2, 2012 1:57pm | Edited 2:11pm
Quoting jdtrader
Any sonikers please put in your thoughts or how you interprete.

Here is what I'm still struggling with that is holding me back since I keep seeing these cases over and over and over again. These charts also are examples of discrepancy entries from other members on here, meaning some people posting going long when others posting soon going short while others are in a trade already and aren't in the second one because SL is not hit yet.

By the sonic and TAH book to confirms almost all signals for a proper entry (in fact more so than other trades...
Your question is this,.....is it a long, or a short? Why do some Sonikers go long, and others go short?

The answer is this,.....Both! Not exactly at the same time, though. The long went for about 20 pips, and the short went for about 10 pips. The market is choppy and ranging, and it looks like this when the Big Guns are not yet out to play with their big moves. This was New Years Monday, folks!

How do you deal with a situtation like this, where you enter a setup in one direction, only to have it reverse. ddaytrader said it aptly, you close out your trade and go the other way. In this case, the way the market is being,.....flat and lazy, neither direction was really worth it.

Remember too, this was only a Monday. Monday is not a good trading day. Neither is Friday. The best days are Tuesday, Wednesday and Thursday, generally speaking, if you want to look for just the better setups. Sonicdeejay scarecly trades on Mondays or Fridays.

Most of all however, this is a matter of money management and not a matter of arguing was it a long,.....or short? It was both, and neither worth a crap. But the point is, it was a reversal. How do you handle that? What money mangement rules do you follow for a case like this? Some move their SL to BE once 20 pips are bagged. It would have worked well in this case for the long trade. The short trade is floundering as the day closes, and maybe it should be closed out? Tomorrow could bring something entirely new.

Also, look at the volume. Do you see any? Well, yes, in one spot. Right at the LO when the price went up, maybe on a lot of buying. If so, then maybe better upside is coming this week. This is very speculative, however.
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  • #29,445
  • Jan 2, 2012 2:07pm Jan 2, 2012 2:07pm
Quoting traderathome
Your question is this,.....is it a long, or a short? Why do some Sonikers go long, and others go short?

The answer is this,.....Both! Not exactly at the same time, though. The long went for about 20 pips, and the short went for about 10 pips. The market is choppy and ranging, and it looks like this when the Big Guns are not yet out to play with their big moves. This was New Years Monday, folks!

How do you deal with a situtation like this, where you enter a setup in one direction, only to have it reverse. ddaytrader said it...
Thank you for that explanation. I thought I was missing something others were seeing but turns out I am not then.

So probably best thing to do is instead of waiting for the SL to hit when an opposite sonic entry forms, exit immediately and reverse entry...this way you don't miss any valid sonic entries.
  • #29,446
  • Edited 6:42pm Jan 2, 2012 6:13pm | Edited 6:42pm
Quoting nando_rich
1st trade in the year....
I guess that is a M5 chart,.....had to waste some time to figure that out. And, I have no idea where you entered and exited. You might have entered exactly at the Fib labeled for EP, or maybe not. In any case, there is more then one TP. Where did you take profit? .........

Nando, please try to think of a post as a page in a text book that is teaching something. Be sure your text is clear, and your illustrations even more clear! Present and future students will appreciate that.

Thank you.

Just a New Years Reminder,
-tah
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  • #29,447
  • Jan 2, 2012 7:05pm Jan 2, 2012 7:05pm
Quoting jdtrader
Any sonikers please put in your thoughts or how you interprete.

Here is what I'm still struggling with that is holding me back since I keep seeing these cases over and over and over again. These charts also are examples of discrepancy entries from other members on here, meaning some people posting going long when others posting soon going short while others are in a trade already and aren't in the second one because SL is not hit yet.

By the sonic and TAH book to confirms almost all signals for a proper entry (in fact more so than other trades...

Reading whether the chart is L-H-HL or H-L-LH is the harder part at times.

The hints I use here for my preference to be H-L-LH for Short in this case are:-
- Most recent Dragon slightly slope down
- More importantly is the Up Candlestick Pattern with a long upper wick high of 1.2972 suggesting down.
- That price after that candlestick did NOT close above that upper wick.
- Then you drew your own Fib indicator, it did not go past Daily Long, instead price went down past the Daily Short.

Another main issue are the dates are these New Year, basically long public holiday periods from XMas, better to stay out as prices will go range in this period, there is no real direction.

When don't know whether it is L-H-HL or H-L-LH, you may want to:
- wait for an extra 1-3 candlestick on that time frame M15 to decide;
- look at higher time frame M30 or H1 to see Wave sequence;
- look at lower time frame M5 to see Wave sequence;
- or just stay out until you see the proper Wave sequence.
  • #29,448
  • Jan 2, 2012 9:00pm Jan 2, 2012 9:00pm
Quoting traderathome
Your question is this,.....is it a long, or a short? Why do some Sonikers go long, and others go short?

The answer is this,.....Both! Not exactly at the same time, though. The long went for about 20 pips, and the short went for about 10 pips. The market is choppy and ranging, and it looks like this when the Big Guns are not yet out to play with their big moves. This was New Years Monday, folks!

How do you deal with a situtation like this, where you enter a setup in one direction, only to have it reverse. ddaytrader said it aptly, you...
EU:

Pic1 - And something like this is what "Tomorrow" can bring, reason enough for having suggested floundering shorts be terminated.

Pic2 - No more than a hunch, but this run up might be only half done.
Attached Image(s) (click to enlarge)
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  • #29,449
  • Jan 2, 2012 9:19pm Jan 2, 2012 9:19pm
GU:

After getting hammered last week, yesterday it found support at previous resistance level. That could mean the asian interest is genuine buying interest (boxed area). It would be nice if today brings a pullback in this setup, or creates a new SonicR long setup.
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  • #29,450
  • Edited Jan 3, 2012 1:16am Jan 2, 2012 9:32pm | Edited Jan 3, 2012 1:16am
UChf:

Looking bearish. High activity (boxed area) in the EP Zone of a short setup. If genuine selling, then maybe we should expect a pullup by FO/LO BBs also?

Edit: (2nd pic) Did its pullback and now looks real bearish...
Attached Image(s) (click to enlarge)
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  • #29,451
  • Edited 2:12am Jan 3, 2012 2:01am | Edited 2:12am
Hi all, I am new to fx live trading. I've been trading stocks for about 4 years, sometimes playing with fx demo account. Now I'm interested to trade fx as my friend been trading fx for about a year with quite consistent profitability(small considering the lot he trades, but quite consistent). Although so far it was good, I think what he do is a bit risky. Now, I am looking another way to trade fx with similar level of profitability but with smaller risk exposure and stray to this forum . I think it was enough for my introduction. I am looking to join your discussion.

I am interested by this system. Quite similar to what I called breakout trades except for the dragon indicator, I'll be looking to the code later.

I already read few pages, and maybe... just maybe... I understand a bit how to trade with this system. I attached EurJpy pair chart, which I think match with SonicR setup, I need to ask you guys whether this is how to trade using SonicR?


Thanks in advance.

Btw when I write this post, my buy stop @99.84 executed already . Overall I still a little bit bearish for this pair, so I put my TP just several point below DR2.
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  • #29,452
  • Edited 3:17am Jan 3, 2012 2:21am | Edited 3:17am
Quoting Passerby
Hi all, I am new to fx live trading. I've been trading stocks for about 4 years, sometimes playing with fx demo account. Now I'm interested to trade fx as my friend been trading fx for about a year with quite consistent profitability(small considering the lot he trades, but quite consistent). Although so far it was good, I think what he do is a bit risky. Now, I am looking another way to trade fx with similar level of profitability but with smaller risk exposure and stray to this forum . I think it was enough for my introduction. I am looking...
Welcome Passeby,

You will find summary here:
http://www.forexfactory.com/showthre...36#post5240536

Personally, I'd love to see all retailers abandon the US stock market, and leave the "Thieves of Wall Street" alone to screw each other. In the stock market, you cannot trade both up and down moves equally well unless you have a margin account. Once you have a margin account, your broker can "lend out" any shares you have to others that intend to short the stock. Now, right there, you gotta be asking yourself, if you own stock intending to make money on its share price rising, then why would you want your shares "loaned out" to some professional trading outfit intending to short the stock and make money by forcing the price of the stock lower? And, if that is not bad enough, the US stock market allows Naked Shorting. Put plain and simple, the professioal outfits can sell what doesn't exist to force the price down! ....Especially if they cannot "borrow" real shares sufficient to do their dirty deed! Of course as a retailer, you are not allowed to engage in Naked Shorting. That is an exclusive privilege of the "Thieves of Wall Street".

The forex market is far from perfect. The same "Thieves of Wall Street" are here too, but the market is much bigger than the US stock market and they cannot Naked Short here, meaning those thieves cannot control prices here like they do there. And we retailers do have a more equal playing field here. We can just as easily trade either direction the market is moving. And we can trade as frequently as we like, without the hindrence of not being able to find shares to short, or the stock is below the broker's price for allowed shorting, or you just broke the "free ride/trade rule", etc., etc., etc. (i.e., screwed, screwed, screwed).

Welcome!
-tah
  • #29,453
  • Edited 3:08am Jan 3, 2012 2:55am | Edited 3:08am
@traderathome: thanks. I got two point that attract my attention, it was "Recommend moving SL to BE soon as possible, maybe after PA has moved 20+ pips6" and "Select reasonable TP(s)." If I am here earlier, maybe on Dec 27. I think I wouldn't be hit by 3 consecutive losing trade, those 3 have been in the green around 10-25 pips. At those moments I failed to read market situation .

As you write, I gained interest to fx market because its ability to trade downward. For several coming months, I think global economics has tendency to go downward and stock market wouldn't be profitable for retailers. As for retailers to trade stock means to take long position.
  • #29,454
  • Jan 3, 2012 3:30am Jan 3, 2012 3:30am
Quoting Passerby
@traderathome: thanks. I got two point that attract my attention, it was "Recommend moving SL to BE soon as possible, maybe after PA has moved 20+ pips6" and "Select reasonable TP(s)." If I am here earlier, maybe on Dec 27. I think I wouldn't be hit by 3 consecutive losing trade, those 3 have been in the green around 10-25 pips. At those moments I failed to read market situation .

As you write, I gained interest to fx market because its ability to trade downward. For several coming months, I think global economics has tendency to go downward...
Every retailer that leaves the stock market is a win for financial opportunity for the "average" man/woman. One person, such as yourself, leaving now, might not seem like anything. But, as people wake up and retaliate, as more retailers abandon that trading arena the "Thieves of Wall Street" have set up, and as more people simply shun the ownership of all stocks, then in time those bastards will be left by themselves. Their "self-regulation" and the SEC will be seen for the farces they are. And then genuine improvements and protections for the participation of the "average" man/woman retail trader, and bonafide stockholders, can come to pass.

Abandoning that trading arena and refusing to own what is sold there is the most powerful move ethical people can take now.
  • #29,455
  • Jan 3, 2012 3:36am Jan 3, 2012 3:36am
Quoting traderathome
UChf:

Looking bearish. High activity (boxed area) in the EP Zone of a short setup. If genuine selling, then maybe we should expect a pullup by FO/LO BBs also?

Edit: (2nd pic) Did its pullback and now looks real bearish...
UChf:

Bingo!
Attached Image (click to enlarge)
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  • #29,456
  • Jan 3, 2012 3:41am Jan 3, 2012 3:41am
Quoting traderathome
UChf:

Bingo!
Well played sir.
  • #29,457
  • Edited 4:18am Jan 3, 2012 3:54am | Edited 4:18am
Quoting traderathome
UChf:

Bingo!
dont close it yet, i think it has a lot to give master tah ...

based on my hans entry that started on FO this 2 is really going to move themselves apart...

TP 1.30615
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  • #29,458
  • Jan 3, 2012 4:04am Jan 3, 2012 4:04am
Quoting traderathome
UChf:

Entered short (EP= 0.9354). The asian session entry () was based on the ever dropping Dragon and PA that was below both the Dragon and Trend Line, as well as a decent PA wave with a strong Leg1 down thru the Dragon in the second half of the London session yesterday. Well, we'll see how this goes.....
Quoting traderathome
UChf:

Entered trade #2 (EP= 0.9382).

Trade #1 floundered into the London session. Therefore, with the prospect of higher volatility, I cancelled the SL and let it ride. Later in the session, I took advantage of the price hike to enter trade #2, which was not a Sonic R. trade entry.
UChf:

Closed both trades (TP= 0.9348) for 6 pips gain on trade 1 and 34 pips gain on trade 2, EPs to TP.
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  • #29,459
  • Jan 3, 2012 4:18am Jan 3, 2012 4:18am
Hi I am new here. I read the posts, and like to ask if to follow your system, I need download the Sonic V 1 to 3 and Sonic R indicators? All of them? Thanks!
  • #29,460
  • Jan 3, 2012 4:21am Jan 3, 2012 4:21am
Quoting alrightfrank
dont close it yet, i think it has a lot to give master tah ...

based on my hans entry that started on FO this 2 is really going to move themselves apart...

TP 1.30615
UChf:

Indeed, I should have closed trade 1 and left trade 2 running. I was going to, but then decided not to get greedy. If it pulls back, I might re-enter.

Edit: Re-entered short (EP= 0.9347). No TP or SL set yet.
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