Sonic R. System | Page 1503 | Forex Factory

Options

Go to
Permalinks
Print Thread

Similar Threads

Sonic R.evolution 95 replies

The System Behind the System, by Merlin Jeffries 16 replies

Old School Sonic System + Other Things 11 replies

Knife system, Vegas 4h system related questions. 4 replies

Would you trade this system? New system #2. 10 replies

Attachments: Sonic R. System
Exit Attachments

Sonic R. System

  • #30,041
  • Jan 29, 2012 7:09pm Jan 29, 2012 7:09pm
Quoting ArtfulDodger
You are absolutely right about beginning with the demo account first. Without getting a clear understanding of how the "whole ball of wax" works, you couldn't last very long at all with the live trading. There is a limit to the advantages of demo trading, and sooner or later we have to dive in the deep end and learn to swim. The way to do that is start small (but not TOO small - you need some room to let the normal fluctuations of the market do their thing) and get a REAL understanding of how the market works.

Trial by fire!
Dear Basber, ArtfulDodger, Dyekid217, alrightfrank, Sonicdeejay

Thanks you for your advice.

I will keep reading more from this tread.........

goodchong
  • #30,042
  • Jan 29, 2012 7:20pm Jan 29, 2012 7:20pm
Quoting traderathome
AU:

After a heavily traded drop Friday, this is set up as a SonicR short now, early in the new week asian session. And with EP not all that far below the highs of last week the SL placement is simplified and less painful, and maybe somewhat protected by an intervening TL resistance. It is before the LO, so the run might stall and have pullbacks until later.

Entered short (EP= 1.0628).
Dear Traderathhome,

AU daily, H4 and H1 chart is uptrend. Why we short it? can we choice no trade? until the setup match with the D1, H4 and H1 uptrend, we only trade for buy?

Should we follow the trend?

Please advice.

goodchong
  • #30,043
  • Jan 29, 2012 7:44pm Jan 29, 2012 7:44pm
Quoting goodchong
Dear Traderathhome,

AU daily, H4 and H1 chart is uptrend. Why we short it? can we choice no trade? until the setup match with the D1, H4 and H1 uptrend, we only trade for buy?

Should we follow the trend?

Please advice.

goodchong
The Sonic R. System allows SonicR setups that are counter-trend to be traded. AU is an appropriate M15 CT SonicR short trade. We monitor higher TFs, like H4, to see if there is a hammer, engulfing or some other candles configuration that might be the basis for a Sonic R. System trade settting up on M15. H4 shows a hammer candle (yellowed) with finally the PA wave dropping.
Attached Image (click to enlarge)
Click to Enlarge Name: jan 2012 - 146.gif Size: 22 KB
  • #30,044
  • Jan 29, 2012 8:05pm Jan 29, 2012 8:05pm
Quoting traderathome
The Sonic R. System allows SonicR setups that are counter-trend to be traded. AU is an appropriate M15 CT SonicR short trade. We monitor higher TFs, like H4, to see if there is a hammer, engulfing or some other candles configuration that might be the basis for a Sonic R. System trade settting up on M15. H4 shows a hammer candle (yellowed) with finally the PA wave dropping.
Hi traderathome,

For this AU case, If we trade for the counter-trend, the lot size should cut half? (lot size for short)

If match with the trend, we put full lot size to buy?

pls advice.

Thanks
goodchong
  • #30,045
  • Jan 29, 2012 8:16pm Jan 29, 2012 8:16pm
Quoting goodchong
Hi traderathome,

For this AU case, If we trade for the counter-trend, the lot size should cut half? (lot size for short)

If match with the trend, we put full lot size to buy?

pls advice.

Thanks
goodchong
I don't discuss trade sizes, only the trade yield and in terms only of pips from EP to close (at TP, or SL or manually at some other level). I feel trade size is personal, and not objective. Obviously, a trader should trade in size that the trader feels is appropriate for the account size, risk tolerance, and in consideration of any other trades running.

However, and more specifically, there is nothing in the Sonic R. System that specifies trade size. And there is nothing that specifies there should be any difference in trade size simply because the trade is with the trend or is not with the trend. I really don't understand where you came up with that foreign idea.

Regards,
-tah
  • #30,046
  • Jan 29, 2012 8:26pm Jan 29, 2012 8:26pm
Quoting traderathome
AU:

After a heavily traded drop Friday, this is set up as a SonicR short now, early in the new week asian session. And with EP not all that far below the highs of last week the SL placement is simplified and less painful, and maybe somewhat protected by an intervening TL resistance. It is before the LO, so the run might stall and have pullbacks until later.

Entered short (EP= 1.0628).
AU:

The first drop has been nice. I say "has been" because we have yet to hear from FO/LO and so the price might well pull back up and stage for another drop later. Should I be wrong about anticipating a pullback now, I am still satisfied with the results of this trade.

Manually closed trade at 1.0573 for 55 pips from EP to close
Attached Image (click to enlarge)
Click to Enlarge Name: jan 2012 - 147.gif Size: 36 KB
  • #30,047
  • Jan 29, 2012 8:27pm Jan 29, 2012 8:27pm
Quoting traderathome
I don't discuss trade sizes, only the trade yield and in terms only of pips from EP to close (at TP, or SL or manually at some other level). I feel trade size is personal, and not objective. Obviously, a trader should trade in size that the trader feels is appropriate for the account size, risk tolerance, and in consideration of any other trades running.

However, and more specifically, there is nothing in the Sonic R. System that specifies trade size. And there is nothing that specifies there should be any difference in trade size...
Thanks Tah. I will follow this Sonic R tread closely.
  • #30,048
  • Jan 29, 2012 9:15pm Jan 29, 2012 9:15pm
Quoting goodchong
Dear ArtfulDodger,

Thanks for your advice.

By the way, How Many Trader trade live with Sonic R System?

If I want to trade Live for Sonic R. How much I should start from? (for Capital)

Thanks
goodchong
I'm sure there are PLENTY that use sonicr as a system to trade live. But see the thing is once you understand how the markets move any successful trader could adapt to any system. It's a matter of how you look at the market that really makes a difference
  • #30,049
  • Jan 29, 2012 9:34pm Jan 29, 2012 9:34pm
Quoting traderathome
AU:

After a heavily traded drop Friday, this is set up as a SonicR short now, early in the new week asian session. And with EP not all that far below the highs of last week the SL placement is simplified and less painful, and maybe somewhat protected by an intervening TL resistance. It is before the LO, so the run might stall and have pullbacks until later.

Entered short (EP= 1.0628).
Hi, I'm new to this thread. I had the Impression that SonicR should be traded in the London and NY sessions! This trade is made outside those sessions...
  • #30,050
  • Jan 29, 2012 9:44pm Jan 29, 2012 9:44pm
Quoting arbinka
Hi, I'm new to this thread. I had the Impression that SonicR should be traded in the London and NY sessions! This trade is made outside those sessions...
Dear traderathome,

I nearly forgot to ask this question too.

goodchong
  • #30,051
  • Edited 10:36pm Jan 29, 2012 9:49pm | Edited 10:36pm
Quoting Dyekid217
I'm sure there are PLENTY that use sonicr as a system to trade live. But see the thing is once you understand how the markets move any successful trader could adapt to any system. It's a matter of how you look at the market that really makes a difference
The Sonic R. System distinguishes itself from others in the very few indicators used; namely the Dragon and the Trend.

Sure, there is the market panel, but that is mostly to make pair ID in posted charts more legible for readers trying to learn the system. Sure, I show range H/L marks, but that is for taking profit at a reasonable level, and I could as well measure the distance from PA hi/lo to be sure my profit is taken without expecting too much from a move. Sure, I show the quarter divisions of whole number levels, which helps me decide exactly where to take profit. But, from the chart legend, I also know where they are. Sure, I show the London Open, NY Open and London close, but I know when they occur anyway. Sure, I show the headlines of scheduled releases, but I could just look at the Forex Factory list.

In other words, aside from the few non-technical visual aides I use to make my life easier, only two technical indicators are used, the Dragon and Trend.

What about volume? It is not required. I use it at times though, because it is the only non-price derivative technical in the world!
Attached Image (click to enlarge)
Click to Enlarge Name: jan 2012 - 148.gif Size: 33 KB
  • #30,052
  • Edited 10:44pm Jan 29, 2012 9:59pm | Edited 10:44pm
Quoting arbinka
Hi, I'm new to this thread. I had the Impression that SonicR should be traded in the London and NY sessions! This trade is made outside those sessions...
Yep, but in this case the BBs hammered it Friday with heavy trading, which the market showed you. Then the BBs worked the price back up on lighter trading which the market also showed you. I made the assumption the BBs were investing to reset the price high for the next drive down, but this was speculative. So, it was "trader's judgement" that a torpedo might come again at any time. And, AU is an "asian pair" too, so the possiblility the torpedo might come during the asian session was by no means an unreasonble suspicion.

Folks, there are some times you have to exercise judgement. Rules alone cannot be your guide. The rules (and the Sonic R. System has very few) are to protect you by lowering risk. There are times, however, that opportunity presents itself if you are both well versed in the rules and what the market is saying.

This was a valid Sonic R. System trade with only one exception; that it was before the LO. But, there was good reason to act. Most of the time the early asian session comes up with some real nice looking setups that don't run worth a damn! This one had some good history behind it.

In summary, the market is an almost always moving, always changing beast that follows no rules, except the quest for profits. If you think a good trade cannot present itself outside the London session, then you are wrong. Sonicdeejay recommends trading only the London session because he understands that the preponderance of good trades occurs then.
  • #30,053
  • Jan 29, 2012 11:03pm Jan 29, 2012 11:03pm
Quoting goodchong
Dear traderathome,

I nearly forgot to ask this question too.

goodchong
i thought no one would notice, guys dont be confused when some entries are not done according to rules of the system. in the long run youll learn to adapt the system to your own trading style, experience will tell you which ones work and which ones doesnt.

check this post: http://www.forexfactory.com/showthre...85#post5295585

hope this helps
  • #30,054
  • Jan 29, 2012 11:06pm Jan 29, 2012 11:06pm
UChf:

It looks from the chart that a long trade is setting up. We have a PA wave, but it might dog down and up again before things let loose. The yellow area is my planned EP, and it is because I see the Trend line leveling out now. A very good entry is when the Trend is near the EP zone, and you wait for PA to break the Trend line. In this case it may turn out that the Trend line is just several + pips beyond the end of the key candle out of the Dragon.

You can see the TL resistance. So, a breakout might stall while PA falls back to test it. The TPs are where they are simply to bracket the anticipated range for today.

This might, or might not come to pass. But it is a valid layout just in case it sets up and goes long.
Attached Image (click to enlarge)
Click to Enlarge Name: jan 2012 - 149.gif Size: 34 KB
  • #30,055
  • Edited 11:24pm Jan 29, 2012 11:12pm | Edited 11:24pm
EU:

From the chart it looks to be setting up for a short trade. This is pretty much the same story as with UChf in the post above, only short instead of long. And it might or might not go short. This is a very preliminary chart for in case it does go short. We just have to wait and see what happens.
Attached Image (click to enlarge)
Click to Enlarge Name: jan 2012 - 150.gif Size: 35 KB
  • #30,056
  • Jan 29, 2012 11:23pm Jan 29, 2012 11:23pm
@TAH

On your Charts I see RDH and RDL, I assume that are same levels as RgH and RgL in my charts, right?
Attached Image (click to enlarge)
Click to Enlarge Name: qq.png Size: 37 KB
Attached Image
  • #30,057
  • Edited 11:59pm Jan 29, 2012 11:34pm | Edited 11:59pm
Quoting futurespeter
@TAH

On your Charts I see RDH and RDL, I assume that are same levels as RgH and RgL in my charts, right?
Yes. The different terminology facilitated adding the Week range marks, which will be in the next release (RDH/RDL and RWH/RWL).
Attached Image (click to enlarge)
Click to Enlarge Name: jan 2012 - 151.gif Size: 32 KB
  • #30,058
  • Jan 29, 2012 11:37pm Jan 29, 2012 11:37pm
tnx.
  • #30,059
  • Jan 29, 2012 11:47pm Jan 29, 2012 11:47pm
Quoting alrightfrank
i thought no one would notice, guys dont be confused when some entries are not done according to rules of the system. in the long run youll learn to adapt the system to your own trading style, experience will tell you which ones work and which ones doesnt.

check this post: http://www.forexfactory.com/showthre...85#post5295585

hope this helps
Hi Alrightfrank,

Trading Forex...... need wisdom and experience. Its not the easy business for live trade..........
  • #30,060
  • Jan 29, 2012 11:58pm Jan 29, 2012 11:58pm
possible short setup EURUSD
Attached Image (click to enlarge)
Click to Enlarge Name: qq.png Size: 44 KB
24 traders viewing now