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Sonic R. System

  • #37,121
  • Jul 12, 2012 1:36am Jul 12, 2012 1:36am
GU Comment:

The market has dropped the price on pretty good volume for this time of the day, suggesting perhaps closing of shorts and opening of longs at the lows attained. Keep in mind the USD high impact release coming in about six hours. The market might be looking to run the price up afterwards. If so, then more drives down (London traders, US traders, etc) might occur, or at least the price might not run up yet.

On the other hand, price could fall more following the release. Nobody knows. Anything can happen.

But for now, there is no Sonic R trade setup, either way. It is not the LS yet, either. It might be wisest to keep your powder dry for trading after the release. There is plenty of room for this to go either way, so there is no hurry. And here, at the Sonic R. System forum, we do not attempt picking highs or lows for entry. We patiently wait for a proper Sonic R. setup, knowing there is always room for those to run and make us good pips.

-tah
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  • #37,122
  • Jul 12, 2012 2:02am Jul 12, 2012 2:02am
Quoting traderathome
Are you long or short? Entry supposed to be white, TP green, SL red. Please follow convention. Your chart is not understandable. Neither is this..."will be dynamic based in divergence forming against my position"...??????? What the hell does that mean? Whatever it is, divergence is not a part of the Sonic R. System. And if you went long with PA below the Dragon, this is not trading the Sonic R. System!!!!!!

Impossible to make any sense out of this post and therefore worthless to learning Sonicers.

-tah
Sorry about the wrong coloured line it should be white not green, (but in words I had stated my entry price) also I would have thought the direction of the PA shown with the yellow Zig Zag lines (following Zonic R criteria) should have shown the direction of my trade which is below the Dragon and the 89 EMA, but for clarification I am short. With respect to TP, I have asked this question before and all I got from you was Sonic R TP is based on S&R, I pointed out that there are lots of S&R's to pick from to which I got a very poor reply ending in the word CRAP from memory, so I see no real TP cast in stone for the Sonic R system. So my TP is open (dynamic) and if it managers to break through known Support levels without any divergence I will let the trade run, but if I get divergence at a known Support level then this will be a sign for me to get out.
Some people say I'm lucky, but the more I practice the luckier I get
  • #37,123
  • Jul 12, 2012 2:22am Jul 12, 2012 2:22am
Quoting traderathome
Robot Trader, this is all fine and well, but it is not the Sonic R. System. I suggest you consider attending a different forum for your methods.

Respectfully,
-traderathome
My post was in reply to Emmanuel's post and it was to do with why I took the trade, if we took every trade setup that Sonic R gives us we could end up with a loss, so it is important to filter out poor trades by looking at the charts (the bigger picture) can you please tell me is there a special Sonic R method/rule that I need to use to do this or can I continue with my own chart interpretation, for members to agree or disagree with, because you seem to post about BB theory which members read
Some people say I'm lucky, but the more I practice the luckier I get
  • #37,124
  • Jul 12, 2012 2:37am Jul 12, 2012 2:37am
SL placed above last low giving 10 pips guaranteed profit and a free trade
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Some people say I'm lucky, but the more I practice the luckier I get
  • #37,125
  • Jul 12, 2012 2:46am Jul 12, 2012 2:46am
usdjpy moved .. than aussi moved.. now gu and eur move
  • #37,126
  • Jul 12, 2012 3:10am Jul 12, 2012 3:10am
A gu trade I couldn't take. I was at work away from my computer.

But how does it look? 5 min chart. London session(well almost barely). 3rd leg. Same pattern happened on a couple other charts.
Is this trade within the rules?
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  • #37,127
  • Edited 5:13am Jul 12, 2012 4:50am | Edited 5:13am
Quoting Robot Trader
Sorry about the wrong coloured line it should be white not green, (but in words I had stated my entry price) also I would have thought the direction of the PA shown with the yellow Zig Zag lines (following Zonic R criteria) should have shown the direction of my trade which is below the Dragon and the 89 EMA, but for clarification I am short. With respect to TP, I have asked this question before and all I got from you was Sonic R TP is based on S&R, I pointed out that there are lots of S&R's to pick from to which I got a very poor reply ending in...
Quick Lesson and Example:

Historic PA S&R is your key to finding TPs. If on M15 PA runs between RDH and RDL, you might not need to go to a higher TF to find TPs within the range for the day. If you do need to go to higher TFs to find TPs, do so. Look at the pic. attached how I found three TPs for your GU trade.....

....what could be more straightforward and accurate than that?! Nobody knows where price will pause, or where it will stop, but you find whatever S&R areas are within a reasonable distance and go with them. In the case of GU, aside from these three S&R picks, the whole and half numbers are always prime targets, and the half number has been it, so far. That is why "Levels" is one of the features of the Control Panel!
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  • #37,128
  • Jul 12, 2012 4:57am Jul 12, 2012 4:57am
Quoting ImNewHere
My first trade (on demo,dont want to jump straight to live dont we)
I traded demo for over FOUR YEARS before deciding to climb out of the "kiddie pool" and into the "big pool."

Personally I think it is better to open a small, live account (ONLY after using the demo account long enough to learn the basics of the platform) in order to get a feel for live trading.

I'm not talking about taking a huge risk here. I am currently using an account of only $150 with trades at 10 cents a pip (started at 1 cent a pip initially). I opened the account on the first of March this year, and the knowledge gained from being live doesn't compare with the demo world.

Just my opinion, for what it's worth.

  • #37,129
  • Jul 12, 2012 5:03am Jul 12, 2012 5:03am
Quoting ArtfulDodger
I traded demo for over FOUR YEARS before deciding to climb out of the "kiddie pool" and into the "big pool."

Personally I think it is better to open a small, live account (ONLY after using the demo account long enough to learn the basics of the platform) in order to get a feel for live trading.

I'm not talking about taking a huge risk here. I am currently using an account of only $150 with trades at 10 cents a pip (started at 1 cent a pip initially). I opened the account on the first of March this year, and the knowledge gained from being...
Yeah, I use 10 cent pips to learn... because demo doesn't bring in the emotions of trading live... at all.
  • #37,130
  • Jul 12, 2012 5:10am Jul 12, 2012 5:10am
What would everyone think about placing a vertical line at the position where a trade is entered? To me, it would make it easier to pinpoint the location of the beginning point of the trade when studying the posted chart.

Yay or nah?

(covering my head, just in case) hehehehe

  • #37,131
  • Jul 12, 2012 5:16am Jul 12, 2012 5:16am
Quoting traderathome
Historic PA S&R is your key to finding TPs. If on M15 PA runs between RDH and RDL, you might not need to go to a higher TF to find TPs within the range for the day. If you do need to go to higher TFs to find TPs, do so. Look at the pic. attached how I found three TPs for your GU trade.....

....what could be more simple, and more accurate than that?! Nobody knows where price will stop, but you find whatever S&R areas are within a reasonable distance and go with them. In the case of GU, aside from these three S&R picks, the whole and half numbers...
Right so there is no real TP rule, you can pick any S&R level based on your risk appetite, so my TP is dynamic I will take note of the S&R levels and if I see divergence forming at one of them I will jump out, if the trend is still strong I will look to join again based on a retrace into or above the Dragon and then I will look at entering when price is clearly moving away from the Dragon. If you want me to give you a range of TP's that I am considering, then I can do that without a problem.
Some people say I'm lucky, but the more I practice the luckier I get
  • #37,132
  • Jul 12, 2012 5:19am Jul 12, 2012 5:19am
Quoting dafox1
Yeah, I use 10 cent pips to learn... because demo doesn't bring in the emotions of trading live... at all.
Exactly!

When you are working with an account that has $300,000 dollars in it, it creates an illusion of security. Plus, even when you lose, there is very little real "pain" involved. As they say, "no pain, no gain."

Nothing like having a good dose of reality.

  • #37,133
  • Jul 12, 2012 5:23am Jul 12, 2012 5:23am
Quoting ArtfulDodger
What would everyone think about placing a vertical line at the position where a trade is entered? To me, it would make it easier to pinpoint the location of the beginning point of the trade when studying the posted chart.

Yay or nah?

(covering my head, just in case) hehehehe

If the trade is posted live (as it should be whenever possible) and the PA wave is drawn and the EP level is specified, there is only one small area that the PA level and EP level co-exist. However, when follow-on PA is on the chart subsequent to the original EP level, and if it was later that the entry was actually made at/near the original EP level, then more clarification might be needed, hence the use of the vertical line could well help.

Attached is my EG trade from yesterday. Follow-on PA exists, but it is still clear where the entry area is, is it not? Exactly what candle was entry made on, when several are adjacent and cover the EP level? Does it matter?
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  • #37,134
  • Jul 12, 2012 5:57am Jul 12, 2012 5:57am
Quoting dafox1
A gu trade I couldn't take. I was at work away from my computer.

But how does it look? 5 min chart. London session(well almost barely). 3rd leg. Same pattern happened on a couple other charts.
Is this trade within the rules?
Hi Dafox1

I feel this could be the start of a strong down move, so if we get a good pullback into the Dragon say 30 or 40 pips above 1.54 then I will be looking at adding to my earlier trade. I will then see if price respects 1.54, if it doesn't then I see Support at 1.532/4 and then 1.527/1.53
Attached Image (click to enlarge)
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Some people say I'm lucky, but the more I practice the luckier I get
  • #37,135
  • Jul 12, 2012 6:06am Jul 12, 2012 6:06am
just wait till USD news. but i think still no up trend yet. But who knows that news trigger something else. we cannot predict news right? but so far not bull sign for me.
Money Management and Patience is the Key
  • #37,136
  • Jul 12, 2012 6:39am Jul 12, 2012 6:39am
This is a pair that I have been following for a while and it may have found a top at an extreme level, so this could be the start of a few hundred pip down move.

I am looking for the price to pullback into the Dragon and will look to sell at 0.9975 my SL (mental) will be 1.007, my TP1 0.9930, TP2 0.9830 & TP3 0.9730, but they are dynamic.
Attached Image (click to enlarge)
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Some people say I'm lucky, but the more I practice the luckier I get
  • #37,137
  • Jul 12, 2012 6:41am Jul 12, 2012 6:41am
Inserted Video



Sonic
  • #37,138
  • Edited 7:21am Jul 12, 2012 6:57am | Edited 7:21am
Quoting Robot Trader
Right so there is no real TP rule, you can pick any S&R level based on your risk appetite, so my TP is dynamic I will take note of the S&R levels and if I see divergence forming at one of them I will jump out, if the trend is still strong I will look to join again based on a retrace into or above the Dragon and then I will look at entering when price is clearly moving away from the Dragon. If you want me to give you a range of TP's that I am considering, then I can do that without a problem.
You determine your TPs however you want. For learners and practicioners of the Sonic R. Sytem, at least one viable TP is selected and shown.

Such as this, "... if I see divergence forming at one of them I will jump out,..." has absolutely no meaning to anyone but yourself. You obviously know what you are specifically looking for, but if this was your instructions as a commando leader to your team to follow, they might just as well all shoot themeselves in the head and be done with it.

If you have something of value to possibly contribute to the thread, ........Explain it in detail so others can understand, and adopt if they choose to do so. Please fully explain "dynamic" and "divergence", what they are, what to look for, how to use them, etc. (with examples: like you are teaching) before referring again to them. That is the way here on the Sonic R. System thread. It is called "Sharing is caring." That way, others will be able to completely understand what you are doing. And those that want to adopt the method will know how to do it correctly.

Thank You,
-tah
  • #37,139
  • Jul 12, 2012 7:12am Jul 12, 2012 7:12am
Sonny do u GOT any position right now?
PS :can u please look at AUDCHF what u think?
  • #37,140
  • Jul 12, 2012 7:25am Jul 12, 2012 7:25am
Quoting traderathome
You determine your TPs however you want. For learners and practicioners of the Sonic R. Sytem, at least one viable TP is selected and shown.

Such as this, "... if I see divergence forming at one of them I will jump out,..." has absolutely no meaning to anyone but yourself. You obviously know what you are specifically looking for, but if this was your instructions as a commando leader to your team to follow, they might just as well all shoot themeselves in the head and be done with it.

If you have something of value to possibly contribute...
OK I am happy just to give a fixed TP, but there will be times that I pull out of a trade before it is reached, this might be because I am using the 20 MA of the Bollinger Bands to spot dynamic S&R or I see divergence forming, so I will take my profit before the TP is reached and not look to fight the market for those few extra pips. So if members would like to see what I am looking for with regards my exit strategy I am more than willing to share and explain, otherwise I will just post with a fixed TP.
Some people say I'm lucky, but the more I practice the luckier I get
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