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Sonic R. System

  • #30,541
  • Feb 10, 2012 6:28am Feb 10, 2012 6:28am
Sonicdeejay and TAH, what can I say - It's amazing !!
Guys, how did you know ?
Attached Image
Patience is the key.
  • #30,542
  • Feb 10, 2012 6:33am Feb 10, 2012 6:33am
Quoting odges
Sonicdeejay and TAH, what can I say - It's amazing !!
Guys, how did you know ?
Plan the trade,, Trade the plan.. Patience is the key.

Sonic
  • #30,543
  • Feb 10, 2012 6:38am Feb 10, 2012 6:38am
Hi guys..

I entered short because:

1. The 'Dragon' was pointing down.
2. There is a L-H-LH.
3. Bounce off the middle of the Dragon.
4. QQE is below 0.
5. CCI is Red and below 0.

Basically thats what I based on to go short.

http://my.jetscreenshot.com/demo/201...l1h7-103kb.jpg

Please tell me what you think, what to consider, and what to improve on.
This is my 1st trade with this system.

Thank you.
  • #30,544
  • Feb 10, 2012 6:41am Feb 10, 2012 6:41am
EU:

We could end up with a 250+ pips drop today if the market targets the week range low mark, about where the week started.
Attached Image (click to enlarge)
Click to Enlarge Name: feb 2012 - 095.gif Size: 27 KB
  • #30,545
  • Edited 7:06am Feb 10, 2012 6:51am | Edited 7:06am
Quoting Konata
Hi guys..

I entered short because:

1. The 'Dragon' was pointing down.
2. There is a L-H-LH.
3. Bounce off the middle of the Dragon.
4. QQE is below 0.
5. CCI is Red and below 0.

Basically thats what I based on to go short.

http://my.jetscreenshot.com/demo/201...l1h7-103kb.jpg

Please tell me what you think, what to consider, and what to improve on.
This is my 1st trade with this system.

Thank you.
You did well. Congratulations!

Now, take the QQE and CCI off your charts! These are price derivative technicals that are lagging the price itself. We have the price. PA waves, Dragon and Trend are the primary technicals in the Sonic R. System, which we use together with S&R. You don't need lagging garbage indicators to clutter your charts and distract you from the only three technicals that really matter.

And remove the THV "Analyze ....." also. You make your decision to enter a trade based on the Sonic R. System setup, nothing else. And you make your decision to close a trade for profit based on S&R and PA, nothing else.

The Sonic R. System is not about using a myriad of technicals to tell you what to do. You need to learn to read price activity directly, to discern good waves, to watch what that activity is during the London session, and be cognizant of S&R.

-tah
  • #30,546
  • Feb 10, 2012 7:14am Feb 10, 2012 7:14am
Quoting insc59
I am new to Forex Factory and have been following this thread on the Sonic R system - I am based in the UK and have been interested in Forex trading for around 3 years. I recently lost my job through redundancy and see the situation as a great opportunity to become a full-time trader.
Can someone please let me know where I can find the latest Indicators/Templates and maybe let me know how the system is performing?

Thanks
Ian
here, fellow
http://www.forexfactory.com/showthre...57#post5228757

use it with confidence, all description you'll find in this post
http://www.forexfactory.com/showthre...57#post5360357
  • #30,547
  • Feb 10, 2012 7:31am Feb 10, 2012 7:31am
Not trying to speak for Sonic and TAH, but what caused me to enter this trade (eurusd short): there is a major S/R area at eurusd ~1.32789 (arrowed in weekly chart, first pic).

Price bounced around this area for a couple of days, then finally reacted.

Remember "The Secret of Sonic R".

This area also is the confluence of 38 and 24 fib retracements from the last two significant downmoves.
Attached Image(s) (click to enlarge)
Click to Enlarge Name: eurusd weekly.jpg Size: 144 KB
Click to Enlarge Name: eurusd 2-10-12.jpg Size: 167 KB
  • #30,548
  • Feb 10, 2012 7:32am Feb 10, 2012 7:32am
Quoting traderathome
You did well. Congratulations!

Now, take the QQE and CCI off your charts! These are price derivative technicals that are lagging the price itself. We have the price. PA waves, Dragon and Trend are the primary technicals in the Sonic R. System, which we use together with S&R. You don't need lagging garbage indicators to clutter your charts and distract you from the only three technicals that really matter.

And remove the THV "Analyze ....." also. You make your decision to enter a trade based on the Sonic R. System setup, nothing...
Thank you very much for the feedback.

Consider QQE and CCI removed.
Also, with c_r_s post to previous postings, i manage to get myself a better chart.

I will continue to post more to see if I did right or wrong.

Thank you for you and everyone's patience.
  • #30,549
  • Feb 10, 2012 7:39am Feb 10, 2012 7:39am
Sonic, you still have not corrected the placement of your vLines, which are placed an hour too early. Increase the "DST_Server_GMT_Offset" to the next highest number. You can see in your pic. that PA is already past the NY open line, while the clock (which is always correct and what should be used to check the vLines placement) shows it ain't even 8am EST in NYC yet, but only a little after 7am!

Check your PM. I need your email address, and are you referring to template A or template B, as attached below?
Attached Image(s) (click to enlarge)
Click to Enlarge Name: shi.gif Size: 51 KB
Click to Enlarge Name: feb 2012 - 095.gif Size: 34 KB
Click to Enlarge Name: feb 2012 - 096.gif Size: 32 KB
  • #30,550
  • Feb 10, 2012 7:57am Feb 10, 2012 7:57am
Hi.

I just re-entered the short because:

The Lower Low bounce off a previous Resist, and formed a leg.
After that, I put a Sell Stop order which triggered a few pips below the Lower Low.

SL is at the leg, and TP is at the next S&R line.

http://my.jetscreenshot.com/demo/20120210-6ix0-60kb.jpg

I was wondering if this is a valid re-entry?

Thanks!
  • #30,551
  • Feb 10, 2012 8:03am Feb 10, 2012 8:03am
Quoting traderathome
UChf:

Entered long (0.9133).
UChf:

Trade closed at TP= 0.9199 for 66 pips gain from EP to TP.
Attached Image (click to enlarge)
Click to Enlarge Name: feb 2012 - 098.gif Size: 37 KB
  • #30,552
  • Feb 10, 2012 8:25am Feb 10, 2012 8:25am
Bring my SL to 1.321x lvl to lock in some pips while riding on potential further slide...

Good Nite

Sonic

P.S I will write something over the weekend.. I promise.. I hardly find time while I work 7 days a week in oil/gas industry..
Attached Image (click to enlarge)
Click to Enlarge Name: shi.gif Size: 51 KB
  • #30,553
  • Edited 8:56am Feb 10, 2012 8:42am | Edited 8:56am
Hi
Im relatively new here have been following this thread for some time and am eager to learn this strategy. I think its great because it really teaches how to TRADE the PA rather than blindly following some laggy indicator based on the PA.

Quoting traderathome
EU:

Entered short (EP= 1.3264).
I just wish I understood why you took that short.. It seems like just the bar before, it was a perfect Sonic long setup and I entered just above the green candle high. In your chart it looks like u entered the opposite way based on wave formed from a volatility spike down just 2 bars after the long setup! Not only that but u were so sure of it that you raised your SL anticipating the further whipsawing but an eventual move down. Needless to say you were spot on but could you please explain your reasoning for taking that short a little more..it really looked to me like the long was a much cleaner setup with the waves well defined and climax volume BO close above the dragon.

And same story with USDCHF. You went long on some rather small waves on normal volume, meanwhile a very clean short setup came a few bars later with a climax volume BO down below the dragon. What am I doing wrong?

You are too good bro. :

Thanks so much.
Attached Image(s) (click to enlarge)
Click to Enlarge Name: eurusdonic.PNG Size: 76 KB
Click to Enlarge Name: usdchfsonic.PNG Size: 76 KB
  • #30,554
  • Feb 10, 2012 9:28am Feb 10, 2012 9:28am
Quoting sonicdeejay
Plan the trade,, Trade the plan.. Patience is the key.

Sonic

... And balls of steel!!! I got out of that trade with a few pips, you.. Man, my SL would have been hit ages ago! 45 hours and most in red? Damn!!! Scary! Hats off to you sir!! Kahunas!
  • #30,555
  • Feb 10, 2012 9:35am Feb 10, 2012 9:35am
Quoting hunter101
... And balls of steel!!! I got out of that trade with a few pips, you.. Man, my SL would have been hit ages ago! 45 hours and most in red? Damn!!! Scary! Hats off to you sir!! Kahunas!
Yea mate..

SL is the issue I will/I wanna talk abit..

Lot of traders do not know about the advantage and disadvantage of SL...

Sonic
  • #30,556
  • Edited 1:44pm Feb 10, 2012 9:40am | Edited 1:44pm
Quoting parliament71
Hi
Im relatively new here have been following this thread for some time and am eager to learn this strategy. I think its great because it really teaches how to TRADE the PA rather than blindly following some laggy indicator based on the PA.



I just wish I understood why you took that short.. It seems like just the bar before, it was a perfect Sonic long setup and I entered just above the green candle high. In your chart it looks like u entered the opposite way based on wave formed from a volatility spike down just 2 bars after the long setup!...
I was influenced by what I saw as disengenuous pushes of the prices. This was a week of USD high impact releases that might become "tirggers" for a delayed market reaction to last week's "overload" of the same. By way of background, for months now USD news has shown improving conditions while EUR news kept the euro teetered on the brink of disaster. Yet EU refused to abide in all this. So, when once again a USD release hit on Tuesday w/o anything negative and therefore a positive bias, what did the market do? The market pushed up the price substantially, kicking USD in the balls! It just seemed to me that the market was seeing the handwriting on the wall and that the push up was not buying, but a pump and dump senario to close longs at higher prices while the market could still easily get away with it. And I thought then that the market dropped the price Monday in anticipation of pushing the price up on Tuesday, closing shorts and loading up with longs so the push up Tuesday would net nice profits.

I previously posted on this along the way, and commented that the timing was great for the market to do this because they had a few days after the Tuesday push up to hold the price up while completing the closing of long positions and the building of short positions; that indeed we might be witnessing the birth of a trend reversal.

It is interesting that in the aftermath we can see that the pro-USD pushes today started well before the USD high impact release came out! The BBs never even bothered with the pretense of waiting for the release. To me that is proof enough they knew from last week what they were going to do. Using EU as an example, they dropped PA on Monday to close shorts and load longs. They pushed up the price Tuesday, closing longs and preparing to build a new short position. This continued thru Thursday, lots of time to coax others into going long while they went short. Then, while everyone waited for the Friday USD high impact release to come, the BBs made their sneak attack pushing the price back down well before the release was due. They probably caught a lot of longs off guard, traders long that were holding their positions until they could see how the market would react to the release. Now they are stuck!

And the market might have a further pro-USD gap to open next week, which would further lock out longs at a sizeable loss!

Anyway, in such a situation, in any situation, the Sonic R. System should dictate trading, not our bias. I was trading only the side that matched my bias, which is not a good thing to do. And maybe this is not a trend reversal in the making. Maybe current PA is just a pull back in the up trend. No one knows.

I have some trades running, and am closing out here and there as opportunity provides, so I will have less exposure should this not be a market-wide reversal to pro-USD.
  • #30,557
  • Feb 10, 2012 9:47am Feb 10, 2012 9:47am
Quoting sonicdeejay
Yea mate..

SL is the issue I will/I wanna talk abit..

Lot of traders do not know about the advantage and disadvantage of SL...

Sonic
I'm going to dig out my learners "Dunce" cap for the occasion, to remind myself I don't follow whatever it is I need to follow, so that I will be focused and attentive to learning this subject!

This is great news for me!
  • #30,558
  • Feb 10, 2012 12:35pm Feb 10, 2012 12:35pm
you don't really need a SL in a "trending mkt"
Daytrader
  • #30,559
  • Feb 10, 2012 12:49pm Feb 10, 2012 12:49pm
Please help me!
I download Sonic panel. I install this indicator in MT but I can't see the pivot or S/R. I can see only spread, candle and range!
I see pivot and s/r only for to seconds when I use zoom in/zoom out. I want to see them all the time!
What is the problem?! What can I do to see pivot and S/R?!
Thanks!
  • #30,560
  • Feb 10, 2012 1:10pm Feb 10, 2012 1:10pm
Quoting mahimahi
you don't really need a SL in a "trending mkt"
Please feel free to email me anytime when you know the market is starting

to trend. And IŽll be all over it

Or to make it easier for you - please email me your account number and

withdrawal instructions and IŽll take it from there

Regards,
H.
"The future is already written in the past"
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