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Sonic R. System

  • #37,001
  • Edited 1:40am Jul 10, 2012 1:19am | Edited 1:40am
Quoting traderathome
GU Commentary:

Been some talk about here about shorting this. Note the PA in the rectangle in the attachment. This is, for lack of better words, what I'll simply call an "accumulation swing". Here, the accumulation swing is almost 45 pips wide. The important thing is not the width of the swing, but the fact of the swing. BBs, SM, whatever you want to call them, first drive the price one way, then the next, to accumulate a position. The width of the swing is not important because they are accumulating throughout, and probably end up with...
GU Commentary:

Asian session trading took price down. A loading of longs? And now the price is being driven back up. If this is "bottom fishing" for positions, it might continue into the LS. We'll see. With over two hours to go to the GBP high impact release there is still time for more if this sort of price action.

For trading any pair, one might consider a setup only if PA is on the right side of the Dragon and the Dragon is on the right side of the Trend line. This is more restrictive, but it might also be safer. For example, for longs....
1. Classic SonicR- PA above Dragon. Dragon with good angle up (no mention of Trend).
2. "Better still" SonicR - PA also above Trend line.
3. "Least risky" SonicR - Dragon itself is above the Trend line.

-tah
Attached Image (click to enlarge)
Click to Enlarge Name: july 2012 - 020.gif Size: 35 KB
  • #37,002
  • Jul 10, 2012 1:40am Jul 10, 2012 1:40am
Quoting traderathome
Why would they not drop the price again to get a better fill? What do you think the asian traders have been doing for these past hours, twiddling their thumbs?

Yes, the Dragon is the 34 EMA, and yes, it is a lagging indicator. We use the width of it, and only together with price itself, to determine a reasonable EP zone, per the Sonic R. rules of engagement. You sound like you are not yet very familiar with the Sonic R. System.

-tah
Look I believe the Sharks manipulate the market especially at times of low volume when they can move it more easily, they look upon the SL's of traders that use them as liquidity and they just love newbie traders for giving them their money in this manner, but it is your take on how a few 15M candles gives you the heads up on what is the start of the bigger picture (a large up move).

The Sonic R system seems simple enough to understand when trading in the direction of an established trend, but your CT trade setup of yesterday did not make any scene, but a see it was now based on your market manipulation theory. I would of thought any CT trade using the Dragon and therefore the Sonic R system would work better if price had been moving strongly in a trend away from the Dragon, by say at least 50 pips thus giving the trade a chance of testing the 34 EMA for what could be a correction to the main trend.
Some people say I'm lucky, but the more I practice the luckier I get
  • #37,003
  • Jul 10, 2012 1:41am Jul 10, 2012 1:41am
All I look at right now is what PA shows me ... and the levels 1.5534 and 1.5469.

Starting today, I will read sonic post#1 first, .... before I jump to the day's current posts shared by members.

Good Trading to ALL.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #37,004
  • Jul 10, 2012 1:47am Jul 10, 2012 1:47am
I like the fact that others are giving their view and analysis. This makes for a good thread. We can all agree to disagree there are so many good traders in this thread. I like to see everyone and their insight. This allows all to learn and grow. I just wanted to say thanks for being kind to each other even when there are different views on trades.

God Bless,
World Freedom
  • #37,005
  • Jul 10, 2012 1:47am Jul 10, 2012 1:47am
Quoting Robot Trader
Look I believe the Sharks manipulate the market especially at times of low volume when they can move it more easily, they look upon the SL's of traders that use them as liquidity and they just love newbie traders for giving them their money in this manner, but it is your take on how a few 15M candles gives you the heads up on what is the start of the bigger picture (a large up move).

The Sonic R system seems simple enough to understand when trading in the direction of an established trend, but your CT trade setup of yesterday did not make any...
Yesterday I made two trades, EU and GU. And they were made too early, as things turned out. But one can not be sure how things will turn out, and so trades are sometimes made and run, and sometimes made and stall.

Both are above EP currently, in their sideways ranging that consists of higher HLs, so they were too early, but might still come good. These were not "picky" entries. My bad.
  • #37,006
  • Jul 10, 2012 1:53am Jul 10, 2012 1:53am
Quoting emmanuel7788
Dr. Van Tharp is famous for saying, "Traders do not trade the markets; they trade their beliefs about the markets.


I see a lot of people are planing their trade beforehand and do certain things. Could be a good thing for seasoned ones, could be a bad thing for the newer ones to have a certain bias.

I prefer trading as the market goes instead.
  • #37,007
  • Jul 10, 2012 2:05am Jul 10, 2012 2:05am
Quoting duyk20


I see a lot of people are planing their trade beforehand and do certain things. Could be a good thing for seasoned ones, could be a bad thing for the newer ones to have a certain bias.

I prefer trading as the market goes instead.
Yes, duyk20, you are absolutely right in that.

There is no problem in discussing biases, and the reasons for them. That can be educational and revealing. However, that is apart from trading the Sonic R. System, which is clear in what we look for and what we do with it.
  • #37,008
  • Edited 3:34am Jul 10, 2012 3:10am | Edited 3:34am
EP =1.0170
tp=1.0365
PS:chek this :http://dailyforextradingedge.com/Com...ng-Buy-Trigger
See how it work and if I have enough patient to hold on this trade..
Attached Image (click to enlarge)
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  • #37,009
  • Jul 10, 2012 3:14am Jul 10, 2012 3:14am
1. Classic SonicR- PA above Dragon. Dragon with good angle up (no mention of Trend).=clasic ENTER PRICE
2. "Better still" SonicR - PA also above Trend line.=+MORE LAGGING CONDITION FOR ENTER PRICE
3. "Least risky" SonicR - Dragon itself is above the Trend line.=++MORE MORE LAGGING ENTER PRICE
Base on how indicator work(lagging) I use for my ENTRY only CLASSIC SONICR

Quoting traderathome
GU Commentary:

Asian session trading took price down. A loading of longs? And now the price is being driven back up. If this is "bottom fishing" for positions, it might continue into the LS. We'll see. With over two hours to go to the GBP high impact release there is still time for more if this sort of price action.

For trading any pair, one might consider a setup only if PA is on the right side of the Dragon and the Dragon is on the right side of the Trend line. This is more restrictive, but it might also be safer. For...
  • #37,010
  • Jul 10, 2012 3:45am Jul 10, 2012 3:45am
long AU 1.0215 sl 1.0159

tp1 1.0268
tp2 1.0295
Attached Image (click to enlarge)
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Keep Simple...!
  • #37,011
  • Jul 10, 2012 4:37am Jul 10, 2012 4:37am
long EU 1.2332, sl 1.2279
tp 1.2395
Attached Image (click to enlarge)
Click to Enlarge Name: 1.gif Size: 45 KB
Keep Simple...!
  • #37,012
  • Jul 10, 2012 5:48am Jul 10, 2012 5:48am
Hey all,

I drew some blue rectangles to shade the areas of the lows of the past two months, May and June. You'll notice price has been bouncing between them for the past two days. Also keep in mind that the 1.2300 round number is right smack in the middle.

Coincidence? Maybe, maybe not. If it isn't, then those are good factors for congestion prior to a strong break up or down.

-Slider20
Attached Image (click to enlarge)
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  • #37,013
  • Jul 10, 2012 6:47am Jul 10, 2012 6:47am
Quoting kotlt
long EU 1.2332, sl 1.2279
tp 1.2395
Why long? that is not a valid sonic signal. (someone please correct me if i'm wrong, but that looks like chasing price action)
  • #37,014
  • Jul 10, 2012 7:21am Jul 10, 2012 7:21am
Quoting sheled
Why long? that is not a valid sonic signal. (someone please correct me if i'm wrong, but that looks like chasing price action)

While it is not perfect. Chasing price action is relative. If he got in on the resistance break he would be ok at least for a small profit or loss.
  • #37,015
  • Jul 10, 2012 8:20am Jul 10, 2012 8:20am
Quoting sheled
Why long? that is not a valid sonic signal. (someone please correct me if i'm wrong, but that looks like chasing price action)
you're right, my sl get hit
Keep Simple...!
  • #37,016
  • Jul 10, 2012 8:44am Jul 10, 2012 8:44am
how do we identify ranging market ? any idea , indy ?
  • #37,017
  • Jul 10, 2012 8:50am Jul 10, 2012 8:50am
Quoting jasakreatif
how do we identify ranging market ? any idea , indy ?
IMO Large move back of 50 or more pips. Watch for the kick back down or up to the larger trend. If you get a 1M or 5M double bottom or top trade off it small amounts of counter trend. If in the larger trend do the same thing normal amounts off resistance 25 50 75 and 100 areas are general. It is all about confidence and the market in general tends to range most of the time during the day testing resistance levels. Usually you see this off of large resistance areas and times when news is not really big or frequent. Look at your D chart and 4Hr to see where you are at on these. Then look interday of 5 to 15 peaks and valleys and take note.
  • #37,018
  • Edited 9:13am Jul 10, 2012 9:08am | Edited 9:13am
Quoting TRMZXT
IMO Large move back of 50 or more pips. Watch for the kick back down or up to the larger trend.
thanks mate.. we need sonicr scalp for grab that 100pips :-p
  • #37,019
  • Jul 10, 2012 9:43am Jul 10, 2012 9:43am
Quoting jasakreatif
thanks mate.. we need sonicr scalp for grab that 100pips :-p

Hi jasakreatif,

you can scalp sonicR or you can trade multi-lot multi-level...like my AU trade done yesterday and today. Total 115pips in tight ranging market condition.

regards,
Attached Image (click to enlarge)
Click to Enlarge Name: AUDUSD 9 -10 Jul 10-7-2012 10-33-07 PM.png Size: 33 KB
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #37,020
  • Jul 10, 2012 10:00am Jul 10, 2012 10:00am
Quoting emmanuel7788
Hi jasakreatif,

you can scalp sonicR or you can trade multi-lot multi-level...like my AU trade done yesterday and today. Total 115pips in tight ranging market condition.

regards,

Yep... I used the 1 and 3 minute myself on the sonic continuation trends and breaks of those major resistance levels of the 15 Sonic R band.
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