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Sonic R. System

  • #29,921
  • Jan 25, 2012 2:52am Jan 25, 2012 2:52am
Quoting Flamegs23
SHORT G/U
Flamegs, now that is a properly annotated chart of a Sonic R. System trade! Love it. Wish everyone would do like you have done. Just think how helpful it would be to those trying to learn the system by reading thru the thread.

Great contribution, Flamegs. Great trade, too.
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  • #29,922
  • Jan 25, 2012 2:56am Jan 25, 2012 2:56am
EU Comment:

While GU is falling, the market is holding up EU. Looks like they are holding it up while loading up on shorts. I am still waiting for my short entry.
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  • #29,923
  • Jan 25, 2012 3:09am Jan 25, 2012 3:09am
Quoting traderathome
GU:

Entered short (EP= 1.5596).
GU:

Trade closed at TP= 1.5551 for 45 pips gain from EP to TP.
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  • #29,924
  • Jan 25, 2012 3:14am Jan 25, 2012 3:14am
Quoting Flamegs23
SHORT G/U
Congratulations, Flamegs23!
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  • #29,925
  • Jan 25, 2012 3:14am Jan 25, 2012 3:14am
Quoting Flamegs23
SHORT G/U
Trade closed at TP = 1.5553 for a gain of 36 pips from EP = 1.5589
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  • #29,926
  • Jan 25, 2012 3:16am Jan 25, 2012 3:16am
Quoting traderathome
Congratulations, Flamegs23!
Thank you very much TAH it means a lot coming from you.
  • #29,927
  • Jan 25, 2012 3:21am Jan 25, 2012 3:21am
AU:

While waiting to enter EU short, I've been watching the market drive this up nice and high. My guess it so the market can short at higher prices = more profits when they later drive it down. AU, like EU is being held up. This one could be a good one, like EU, to watch for a valid SonicR short setup. Personally, I'd wait for PA to cross down thru the Trend line.
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  • #29,928
  • Jan 25, 2012 3:26am Jan 25, 2012 3:26am
AU:

Entered short (EP= 1.0502).
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  • #29,929
  • Jan 25, 2012 3:28am Jan 25, 2012 3:28am
EU:

Entered short (EP= 1.3016).
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  • #29,930
  • Jan 25, 2012 3:30am Jan 25, 2012 3:30am
Hi

Either lucky or...

Still in this trade with a trailing stop via Cavemanager (trying to get to grips with it)

Anybody got any comments on either right or wrong please
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  • #29,931
  • Jan 25, 2012 3:37am Jan 25, 2012 3:37am
Quoting Chuckyisback
Hi

Either lucky or...

Still in this trade with a trailing stop via Cavemanager (trying to get to grips with it)

Anybody got any comments on either right or wrong please
1. You should have a fixed SL showing, a "fail safe", in spite of your EA.
2. You should have a target (TP) showing, some idea of your own where to take profit based on historic S&R, in spite of your EA.
3. The Sonic R. System no longer uses the QQE because it is a lagging indicator, not showing you anything more than what PA itself is showing you. It is just a distraction from the PA itself, which together with S&R is what you should be focused on.
4. Your entry was a little late, probably around 18 pips below the lower Dragon line at the time of entry. You could have entered as PA dropped thru the Trend Line, and gained at least 10 additional pips.
Attached Image (click to enlarge)
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  • #29,932
  • Jan 25, 2012 3:50am Jan 25, 2012 3:50am
GU:

Re-entered short (EP= 1.5578).
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  • #29,933
  • Jan 25, 2012 3:51am Jan 25, 2012 3:51am
hello TAH

I have a small question - the rule for short entry is H-L-LH... now what you've marked for AU and EU in blue as a SonicR setup is more like H-L-HH. Or if it's because this H from 23th? I'm bit confused.... thanks for explanation
  • #29,934
  • Jan 25, 2012 3:52am Jan 25, 2012 3:52am
Quoting traderathome
1. You should have a fixed SL showing, a "fail safe", in spite of your EA.
2. You should have a target (TP) showing, some idea of your own where to take profit based on historic S&R, in spite of your EA.
3. The Sonic R. System no longer uses the QQE because it is a lagging indicator, not showing you anything more than what PA itself is showing you. It is just a distraction from the PA itself, which together with S&R is what you should be focused on.
4. Your entry was a little late, probably around 18 pips below the lower Dragon line at the time...
Many thanks for that.

Yes I got on to it a bit late... will try harder next time

QQE's coming off.

Cheers
  • #29,935
  • Jan 25, 2012 4:02am Jan 25, 2012 4:02am
Quoting artx
hello TAH

I have a small question - the rule for short entry is H-L-LH... now what you've marked for AU and EU in blue as a SonicR setup is more like H-L-HH. Or if it's because this H from 23th? I'm bit confused.... thanks for explanation
Hi, artx. You are quite correct. That is an astute observation.

Yes, the waves for EU and AU are H-L-HH. I chose to ignore the added height because my interpretation was that the BBs were hiking the price as high as they could, running stops, etc., whatever they could manage in order to get high price short orders filled for themselves. My experience is that more often than not, such a wave discrepancy does not seem to hurt the setup. Maybe some day we'll figure some "qualifications" for allowing such a discrepancy to be a part of classic Sonic R.

However, in the case of AU the discrepancy was less than 6 pips. In the case of EU, the discrepancy was less than 1 pip. Another factor was the overall situation shown on H1 (see pics).
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  • #29,936
  • Jan 25, 2012 4:07am Jan 25, 2012 4:07am
Quoting traderathome
Hi, artx. You are quite correct. That is an astute observation.

Yes, the waves for EU and AU are H-L-HH. I chose to ignore the added height because my interpretation was that the BBs were hiking the price as high as they could, running stops, etc., whatever they could manage in order to get high price short orders filled for themselves. My experience is that more often than not, such a wave discrepancy does not seem to hurt the setup. Maybe some day we'll figure some "qualifications" for allowing such a discrepancy to be a part...
Thanks! Although we don't use oscilators, there is an AWESOME DIV, as an another argument for these shorts (I just took a quick look at RSI)
cheers!
  • #29,937
  • Jan 25, 2012 4:31am Jan 25, 2012 4:31am
Quoting traderathome
GU:

Entered trade #2 (EP= 1.5598).

As with UChf, I cancelled the SL on this trade as it floundered into the LO where higher volatility could occur. Later in the day, I took advantage of the price drop to enter trade #2.

Both long trades are running without SLs and TPs, and will be monitored next week with the intent of setting hard SLs and TPs for both of them.
GU:

Manually closed at 1.5590 this old long trade for 8 pips loss from EP to close.
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  • #29,938
  • Jan 25, 2012 4:36am Jan 25, 2012 4:36am
Quoting traderathome
GU:

Entered long (EP= 1.5682). Both PA and Dragon have made upwards progress since PA failed to break down thru the half number yesterday. Also failed the day before, too. And PA has pulled back to the EP zone for the PA wave drawn.
GU:

Manually closed at 1.5589 this old long trade for 93 pips loss from EP to close.
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  • #29,939
  • Jan 25, 2012 5:03am Jan 25, 2012 5:03am
Quoting traderathome
AU:

Entered short (EP= 1.0502).
AU:

Trade closed at TP= 1.0452 for 50 pips gain from EP to TP.
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  • #29,940
  • Jan 25, 2012 5:49am Jan 25, 2012 5:49am
Quoting traderathome
EU:

Entered short (EP= 1.3016).
EU:

Trade closed at TP= 1.2952 for 64 pips from EP to TP.
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