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Sonic R. System

  • #30,701
  • Edited 10:16am Feb 14, 2012 10:01am | Edited 10:16am
EU:

Entered short (EP= 1.3137)
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  • #30,702
  • Edited 10:50am Feb 14, 2012 10:25am | Edited 10:50am
Quoting ChowClown
First SonicR trade so pls be gentle

Entry: 3158.9
Initial SL: 3183.5
Stop to BE. Probably should have taken profit at +20 on the DS1 and Quarter Level bounce...

Edit: decided to take +5. London Close.
  • #30,703
  • Feb 14, 2012 10:50am Feb 14, 2012 10:50am
.....pardon me, EP 31383940 up again
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  • #30,704
  • Feb 14, 2012 10:52am Feb 14, 2012 10:52am
Quoting SHCHerbakov
.....pardon me, EP 31383940 up again
woah, what's that on your chart?
  • #30,705
  • Feb 14, 2012 11:13am Feb 14, 2012 11:13am
Quoting migmac
traderathome,

I am unable to find the template that your using, will you mind to tell me what is the post number where you have this template available? or is it from 07-16-2011 with changed settings?

I am sorry, I have just found this system yesterday, and I am still on post nš5 ,still more than 2000 posts to read, what I think it's amazing it's that yesterday I made 2 trades and 2 trades today using this system and all 4 finish in profit for more than 50 pips

but I will appreciate your help, since I would like to use the same template as...
It is the new template/indicator package for 2012 that is still in-work; not yet released.
  • #30,706
  • Feb 14, 2012 11:14am Feb 14, 2012 11:14am
Sonic, would you consider this stopping volume?
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  • #30,707
  • Feb 14, 2012 11:32am Feb 14, 2012 11:32am
Closed short @SL:BE+10 (1.31476)

Total gain today: +30p

^_^
  • #30,708
  • Feb 14, 2012 11:42am Feb 14, 2012 11:42am
nighty guys
  • #30,709
  • Feb 14, 2012 11:52am Feb 14, 2012 11:52am
Quoting Flamegs23
Sonic, would you consider this stopping volume?
Flamegs, in case Sonic is currently too busy to see your question and reply right now, I'll venture an answer.

The term "stopping volume" was coined by Sonicdeejay to decribe a situation of significantly bigger than average candle volume appearing while the price is running. It is a situation to be alerted by! Often following such a signal, PA stalls. And though it may still peg a higher high, or a lower low, PA frequently then reverses! If you are in a trade when "stopping volume" appears, it should alert you to more closely watching PA with the idea that it might be nearing time to exit the trade, especially if you start to see signs the run is weakening.

In the SonicR VSA indicator and subsequently released SonicR VA and SonicR PV volume indicators the "Climax" candle/volume situation is coded. This is a situation where the product of the candle spread and the candle volume is the greatest over the selected averaging period. When significantly high volume appears as a part of this situation, it seems to be an even more likely a sign of reversal.

This is why the future template/indicator package to be released, only highlights "Climax Volume" candles. The previously, additionally highlighted situations where just volume was significantly over average (regardless of candle spread) will be excluded. I am experimenting with this in conjunction with a very simple volume indicator that is exclusive of any highlighting. It is working quite well so far. And it allows for a less busy chart, which favors our staying focused on the Waves, Dragon, Trend and S&R,.....which may be why it is working well.

Starting this week and using the experimental template, I have opened and closed 4 trades, all profitable for a net gain of 240 pips. I have just opened another trade. We'll see how well it goes. Of course, it is not just the template, but I credit the clean chart that just shows the few, key elements in the Sonic R. System with enhancing proper focus, and helping me to make better decisions.
  • #30,710
  • Feb 14, 2012 12:02pm Feb 14, 2012 12:02pm
Given the apparent lack of bullish volume on the last retrace, decided to try the short one last time...

Entry: 3139.7
Initial SL: 3158.9

Edit: and out at 3108. Enough for me today. What a great strat. Thanks SDJ and TAH for your excellent commentaries.
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  • #30,711
  • Feb 14, 2012 12:16pm Feb 14, 2012 12:16pm
Quoting traderathome
EU:

Entered short (EP= 1.3137)
EU:

Manually closed Trade #1 at 1.3102 for 35 pips gain EP to Close. For Trade #2 the SL is lowered to BE+11 pips and the TP is raised to 1.3079, which is TP1 per original post. The original TP2 is too far down for today, I think, and has been removed.

The saying occurs to me, "Go to the well too many times the same day, try to get more and more out of it, and.........the market will get you!"
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  • #30,712
  • Feb 14, 2012 12:24pm Feb 14, 2012 12:24pm
see you.
SY, Serge
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  • #30,713
  • Edited 12:59pm Feb 14, 2012 12:44pm | Edited 12:59pm
Quoting traderathome
UChf:

Entered long (EP= 0.9203).
UChf:

Manually closed at 0.9212 for 9 pips gain EP to close. This is a week old trade. I cancelled the SL, and suffered thru all this. Glad to be out of it. I am having good fortune now just sticking to EU.
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  • #30,714
  • Feb 14, 2012 1:14pm Feb 14, 2012 1:14pm
Quoting traderathome
EU:

Again, entered short (EP= 1.3108).
EU:

Manually closed this old trade out at 1.3105 for 3 pips gain EP to close; just to get it off the books. This also is a week old trade for which I cancelled the SL, and suffered.
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  • #30,715
  • Feb 14, 2012 1:24pm Feb 14, 2012 1:24pm
Quoting traderathome
EU:

Manually closed Trade #1 at 1.3102 for 35 pips gain EP to Close. For Trade #2 the SL is lowered to BE+11 pips and the TP is raised to 1.3079, which is TP1 per original post. The original TP2 is too far down for today, I think, and has been removed.

The saying occurs to me, "Go to the well too many times the same day, try to get more and more out of it, and.........the market will get you!"
EU:

Now that market has punched the price down thru the whole number, I'm lowering the SL on trade #2 to BE+20.
EP= 1.3137
SL= 1.3117
TP= 1.3079
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  • #30,716
  • Feb 14, 2012 1:37pm Feb 14, 2012 1:37pm
Quoting traderathome
EU:

Now that market has punched the price down thru the whole number, I'm lowering the SL on trade #2 to BE+20.
EP= 1.3137
SL= 1.3117
TP= 1.3079
EU:

TP reached and trade #2 closed for 58 pips gain EP to TP.
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  • #30,717
  • Edited 5:09pm Feb 14, 2012 2:45pm | Edited 5:09pm
Quoting traderathome
(The new template) is working quite well so far. And it allows for a less busy chart, which favors our staying focused on the Waves, Dragon, Trend and S&R,.....which may be why it is working well.

I have opened and closed 4 trades, all profitable for a net gain of 240 pips. I have just opened another trade. We'll see how well it goes. Of course, it is not just the template, but I credit the clean chart that just shows the few, key elements in the Sonic R. System with enhancing proper focus, and helping me to make better decisions.
Six trades opened and closed now so far this week. All gained, for a net total of 331 pips.

-tah
  • #30,718
  • Feb 14, 2012 5:34pm Feb 14, 2012 5:34pm
Quoting traderathome
Six trades opened and closed now so far this week. All gained, for a net total of 331 pips.
  • #30,719
  • Edited 6:39pm Feb 14, 2012 6:19pm | Edited 6:39pm
AU Comment:

I'm telling myself to start sticking to just trading EU, but look at this!

My gosh. After yesterday was, for all intent and purposes, suppposedly overwith, look what the market managed. Yep, it started pushing AU up again, far up. And notice that on the initial real fast and high pushing candles, the volume was decreasing like crazy! But towards the end of the push, over the most recent TF candles, the volume has begun to gradually increase. This is indicative of a fast pump to ressurect the price on high for another round of heavy shorting, imho.

It could go higher. The heavyweight BBs in the market are not yet back to the table. When they come, they might do some more pushing up of their own ahead of the two USD high impact releases later today. With each push up to new highs, where presumably the market has waiting large orders to short, the market raises the average price of it's short position. The volume/price action seems to be saying that the market is interested in enlarging it's short position ahead of these coming USD high impact releases.

What is really interesting is that this push maneuver took place late in the US session yesterday. That is a time when the market is pretty much in the hands of just the US BBs. And guess what? The high impact releases coming are USD releases. Hum.... Wonder if something was already leaked to some heavyweight US BBs? I mean, HELL!, that is an unusually big push for the wee hours of the US session! Apparantly the US BBs were not willing to risk waiting for the asian/FO/LO market to put on a push, and find out that it didn't happen! That would be a catastrohe! Can you imagine the US BBs having to make a pump like that in what little time they'd have after the US open but before the releases? With all the other competitors for shorting already again at the table? Heck, no wonder they decided to do it by themselves when nobody else was around. They got the job done and it didn't cost nearly what it otherwise would have cost. WARNING: Speculative, really speculative!

So today, I'm tempted to keep an eye on this one along with EU.

-tah
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  • #30,720
  • Feb 14, 2012 6:50pm Feb 14, 2012 6:50pm
Hi Traderathome,

This is a great thread for newbees like me.As I'm beeing newbee I'm also greeedy and silly in taking risks.Reading the thread I'm learning a lot of killer rules which made me start win a couple of trades with high lots, I should learn more and get less greedy by the way to make more pips.Thank you and master for your efforts.Apart from this rules are you always posting your live trades here after you take them ? This could be great if you and other followers did more since I still might be late exiting a trade or early taking one which makes me suffer like hell

Thank you all guys and Sonic, your system rocks !!!

P.S: I'm also interested in mtf indicators, I use sonic mtf shi channels and they are great.Sometimes I get confused though , when I use them on top of each other which one has the most priority, the higher TF channel or should I look sth else ? Would it be wise to use mtf stochastics , qqe or some other mtf indies to warn me to exit a trade , warn a trend reversal etc ?
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