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Sonic R. System

  • #37,441
  • Jul 18, 2012 1:06pm Jul 18, 2012 1:06pm
EU Comment:

Nothing has changed. Four days in a row the market has pushed the price down, followed by highest trading at the lowest prices. Decide for yourself what the SM strategy is here.

As for the Sonic R. System, each day now there has been a Sonic R. short setup that ran for nice pips. So, even though the price has recently been trending up (H4), there have been setups short found by the Sonic R. System, which demonstrates the flexibility of this method.

Thank you, Master Sonicdeejay!
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  • #37,442
  • Edited 2:01pm Jul 18, 2012 1:51pm | Edited 2:01pm
Quoting traderathome
Get with the PROGRAM! I assume you entered long at your EP1 when PA was on the wrong side of the Dragon and the Dragon was angled in the wrong direction! And you are fixing to add at lower lows if the price drops!

Nobody can learn how to trade Sonic R. from what you just posted, because whatever this mess is, it is not the Sonic R. System!
Quoting emmanuel7788
Hello ALL, Just to give you an update on this trade. I use multi level entries to build up more positions as markt move (against me). There should not be any restrictions to Sharing in this thread. Why would anyone of sound mind want to stop you from sharing what is your experience and knowledge.
Emmanuel7788, you continue to deny your knowledege that Master Sonicdeejay created this forum to present the Sonic R. System, and to foster the ongoing illustration of its application.

This thread was clearly not set up for you to come in and present a method of picking highs and lows, and intentionally from the start of a trade, enter when PA is on the wrong side of the Dragon, when the Dragon is angled the wrong way, and with clear intention by forethought of adding to a trade when price moves against it! You are hiding behind Master Sonicdeejay's message, "Sharing is caring" to present your own trading style that is in direct opposition to the Sonic R. System. Hence, you are showing disrespect for Master Sonicdeejay and for true Sonicers who are here to learn the Sonic R. System, not yours! If you have regard for others matching the regard you have for yourself, then take your "method" (if you really believe in it) and start your own thread. It does not belong here. Let's see if your thread, with your method, becomes as successful as the Sonic R. System thread.

-traderathome
  • #37,443
  • Jul 18, 2012 1:58pm Jul 18, 2012 1:58pm
Quoting traderathome
Emmanuel7788, you continue to deny your knowledege that Master Sonicdeejay created this forum to present the Sonic R. System, and to foster the ongoing illustration of its application.

This thread was clearly not set up for you to come in and present a method of picking highs and lows, and intentionally from the start of a trade, enter when PA is on the wrong side of the Dragon, when the Dragon is angled the wrong way, and with clear intention by forethought of adding to a trade when price moves against it! You are hiding behind Master Sonicdeejay's...
Oh snap!!
  • #37,444
  • Jul 18, 2012 2:46pm Jul 18, 2012 2:46pm
Quoting emmanuel7788
Hello ALL,

Just to give you an update on this trade.
Since LO, nothing move yet. price still remain near my entry 1.0295 depiste GU and EU seeing some bearish movements.
I am trading the D TF seeing L H HL HH ....this is clearly a BUY trade.

When I do not use hard SL I still need to have some form of Risk Management when I trade. In this case, I use multi level entries to build up more positions as markt move. My cut loss is a percentage of my equity since I do not use hard SL.

In this money management strategy, I don't have to move...
Well since you went that far, to show the bad habit of averaging down, which can also be looked at, or justified as, "scaling in", I think you better tell people your exit strategy, and at what point would you punt from the whole thing and walk away with a loss should things not work out.

This is only a suggestion and not for me, but for others in the thread since they might be following you.

Of course I think our friend at home has heard enough already...
  • #37,445
  • Jul 18, 2012 3:05pm Jul 18, 2012 3:05pm
just finished reading about half of all posts made here on sonic. guess it's time i trade the sonic style.
  • #37,446
  • Jul 18, 2012 3:12pm Jul 18, 2012 3:12pm
Quoting traderathome
Emmanuel7788, you continue to deny your knowledege that Master Sonicdeejay created this forum to present the Sonic R. System, and to foster the ongoing illustration of its application.

This thread was clearly not set up for you to come in and present a method of picking highs and lows, and intentionally from the start of a trade, enter when PA is on the wrong side of the Dragon, when the Dragon is angled the wrong way, and with clear intention by forethought of adding to a trade when price moves against it! You are hiding behind Master Sonicdeejay's...

Hey man, its a bit harsh, dont you think? I mean, yeah hes got his own way, and agree that things should be posted only with sonic R chart as attachments, but still he is not bad in some of his ideas, and as we all know noone can make u a great trader, only by creating your own system it can be acheaved. So i would say, obligation to post sonic r chats for everyone, as for ideas and trading methods everything can go
There is no spoon....
  • #37,447
  • Jul 18, 2012 3:18pm Jul 18, 2012 3:18pm
Quoting Msis125125
Hey man, its a bit harsh, dont you think? I mean, yeah hes got his own way, and agree that things should be posted only with sonic R chart as attachments, but still he is not bad in some of his ideas, and as we all know noone can make u a great trader, only by creating your own system it can be acheaved. So i would say, obligation to post sonic r chats for everyone, as for ideas and trading methods everything can go
Also i would like to add. Sonic and Tah, you guys are very clever and expirienced in this matter, so maybee some of the secrets shall be revealed? Maybee not a lot at one time, but still you both can predict the moves like no other, and it is nothing to do with Sonic. You must have some other knowlage that helps you make rights desisions, what are they? You guys are like forex rulers, and your system rules, but if you point readers in directions where more and better can be acheaved, we all be greatfull. Please guys dont take it a wrong way. Really. I have all respect in the world for you both and all memebers in here, but still i would like to get to your level guys, as i am sure each one of us here do.

There is no spoon....
  • #37,448
  • Jul 18, 2012 3:44pm Jul 18, 2012 3:44pm
Here is what i have found, this should make volume terminology a bit clearer.

Most traders are aware of the two widely known approaches used to analyze a market, fundamental analysis and technical analysis. Many different methods can be used in each approach, but generally speaking fundamental analysis is concerned with the question of why something in the market will happen, and technical analysis attempts to answer the question of when something will happen.

There is, however, a third approach to analyzing a market. It combines the best of both fundamental and technical analysis into a singular approach that answers both questions of �why� and �when� simultaneously; this methodology is called volume spread analysis. The focus of this article is to introduce this methodology to the trading community, to outline its history, to define the markets and timeframes it works in, and to describe why it works so well.

What is Volume Spread Analysis?
Volume spread analysis (VSA) seeks to establish the cause of price movements. The �cause� is quite simply the imbalance between supply and demand in the market, which is created by the activity of professional operators (smart money). Who are these professional operators? In any business where there is money involved and profits to make, there are professionals.

The activity of these professional operators, and more important, their true intentions, are clearly shown on a price chart if the trader knows how to read them. VSA looks at the interrelationship between three variables on the chart in order to determine the balance of supply and demand as well as the probable near term direction of the market. These variables are the amount of volume on a price bar, the price spread or range of that bar (do not confuse this with the bid/ask spread), and the closing price on the spread of that bar

he market is in one of four market phases: accumulation (think of it as professional buying at wholesale prices), mark-up, distribution (professional selling at retail prices) or mark-down. The significance and importance of volume appears little understood by most non-professional traders. Perhaps this is because there is very little information and limited teaching available on this vital part of chart analysis. To interpret a price chart without volume is similar to buying an automobile without a gasoline tank. For the correct analysis of volume, one needs to realize that the recorded volume information contains only half of the meaning required to arrive at a correct analysis. The other half of the meaning is found in the price spread (range).

Volume always indicates the amount of activity going on, and the corresponding price spread shows the price movement on that volume. Some technical indicators attempt to combine volume and price movements together, but this approach has its limitations; at times the market will go up on high volume, but it can do exactly the same thing on low volume. Prices can suddenly go sideways, or even fall off, on exactly the same volume! So there are obviously other factors at work on a price chart. One is the law of supply and demand. This is what VSA identifies so clearly on a chart: An imbalance of supply and the market has to fall; an imbalance of demand and the market has to rise.

There is no spoon....
  • #37,449
  • Edited 5:30pm Jul 18, 2012 4:23pm | Edited 5:30pm
Quoting Msis125125
Also i would like to add. Sonic and Tah, you guys are very clever and expirienced in this matter, so maybee some of the secrets shall be revealed? Maybee not a lot at one time, but still you both can predict the moves like no other, and it is nothing to do with Sonic. You must have some other knowlage that helps you make rights desisions, what are they? You guys are like forex rulers, and your system rules, but if you point readers in directions where more and better can be acheaved, we all be greatfull. Please guys dont take it a wrong way. Really....
Msis125125, this is what so many folks that come here do. They think things are complicated, require lots of knowledge, etc. So, they bring with them their "secuity bag" of favorite indys to help "improve" what they were attracted to. Or, they try to "combine" it with their own method to come up with "something even better."

Master Sonicdeejay presents an elegantly simple and effective trading system, that only requires a few indicators, adherence to a few but important rules and recommendations (due diligence), and practice. And for the "practice" part, Master Sonicdeejay set up the thread to be a "Manual" for the ongoing illustration of applying, both correctly and incorrectly, the Sonic R. System.

Few, if any, come and get it right the first time. Some do very quickly. And some might take years. And all of that is ok, because folks have to work on themselves more than on the Sonic R. System, which can take time.

What is not ok is for folks to exhibit their "bag of burdens" and their own methods. They can do that elsewhere, somewhere in a forum more appropriate for that purpose. The Sonic R. System does not need it, does not want it, and does not endorse it. It clutters the "Manual" and adds an unnecessary obstacle course to be negotiated by serious Sonicers.

You see, the Sonic R. System is truly elegantly simple. And that is why it is effective! Tinker with it to change that fact, and you'll destroy it. PA and S&R are King and Queen with the Sonic R. System. Find good PA waves moving off from good S&R, or towards good S&R that is a distance away, during the London session, and trade a proper PA/Dragon setup with good money mangement. It's that simple.

Don't subtract by ignoring any of the few rules and recommendations. And don't add by inserting other indicators or other "ideas". Why is it that it takes some folks so long to realize what they have here, and leave it alone!

-traderathome
  • #37,450
  • Jul 18, 2012 4:57pm Jul 18, 2012 4:57pm
Quoting traderathome
AU: Entered short, per attached. Not yet LS, but PA wave is good, with what looks like consolidation just below Dragon centerline as Dragon angles down. Has the appearance price could break down anytime. This is higher risk, not being in LS, because often good looking setups in the asian session fail. Just looking for the "one" that starts a run early....
AU: Another non-LS entry ends up in reversal. SL1 reached and trade closed for 12 pips lost.
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  • #37,451
  • Jul 18, 2012 5:02pm Jul 18, 2012 5:02pm
Quoting traderathome
EU: Entered long, per attached.
EU: SL reached and trade closed for 31 pips lost. Not doing well this week in my attempt to adhere to using a SL. Hopefully this will improve.
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  • #37,452
  • Edited 6:39pm Jul 18, 2012 6:33pm | Edited 6:39pm
Quoting traderathome
EU: SL reached and trade closed for 31 pips lost. Not doing well this week in my attempt to adhere to using a SL. Hopefully this will improve.
DAM TAH. Use your imaginary SL. I don't know for others. but I am too using imaginary SL. Some people have their MM. you had your MM and you know what? I think i kind of knowing your MM strategy. Since I follow you i am start making profit.

I don't care about R:R. what i care is profit. Besides Averaging is good in this kind of situations. I mean SIDE WAYS situations. where ever you OP it make profit with Averaging in side ways market. I think you understand what i mean.

BTW the upper circle is what last night i said the sign of reversal and i don't trade that. That's one i am not sure and it turn out to make mistake on that.
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Money Management and Patience is the Key
  • #37,453
  • Jul 18, 2012 7:05pm Jul 18, 2012 7:05pm
Quoting traderathome
Msis125125, this is what so many folks that come here do. They think things are complicated, require lots of knowledge, etc. So, they bring with them their "secuity bag" of favorite indys to help "improve" what they were attracted to. Or, they try to "combine" it with their own method to come up with "something even better."

Master Sonicdeejay presents an elegantly simple and effective trading system, that only requires a few indicators, adherence to a few but important rules and recommendations (due diligence), and practice. And...

Could you please show me on example S&R and good PA wave?

Please
There is no spoon....
  • #37,454
  • Jul 18, 2012 7:05pm Jul 18, 2012 7:05pm
Quoting sonicdeejay
It is simply gambling at the moment..

pick ur side..


Sonic
Quoting sonicdeejay
Pivot, R1, R2 , R3 and S1...etc of a currency pair is calculated by using the previous day's High/Low and Close data... This are the "virtual" price levels to watch as a lot of buyers and sellers are waitings at the level....

Most of the time,,Price will stay not more than R2 and not lower than S2.....unless the pair is super duper trending (like what we had last weeks).....

So, we should be careful of the LONG if the price is already above R2 or Short if the price is already below S2...

Hope it helps

Sonic
Hi sonic,

You got me thinking over which side to take.

Took me sometime, and I thought back to what you once said in your post about daily pivots.

AU was exactly the same yesterday ...sitting on DPV during Tokyo and first half of London.... and then took off during US. When I trade intraday, I am lazy to look for near term S&R and therefore using the daily pivots is a good way.

Thanks.

Regards,

EMMANUEL
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #37,455
  • Edited 7:25pm Jul 18, 2012 7:21pm | Edited 7:25pm
Hi Everyone,

Good morning. I just finished reading post#1 again and some earlier pages posted by sonic. I find those posts he made answering questions on setting SL using Support and Resistance very good reminder even for some long time traders.

Today will be a great for trading as the news start to sink in the market. Long CCYJPY pairs in composite JPY weakness.

A lot of noise here. So this video message is a good food for the soul to begin the day. We all need a clear mind to make the right trading decisions.

Inserted Video


Good Trading Everyone!
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #37,456
  • Jul 18, 2012 7:37pm Jul 18, 2012 7:37pm
Quoting Msis125125
Here is what i have found, this should make volume terminology a bit clearer.

Most traders are aware of the two widely known approaches used to analyze a market, fundamental analysis and technical analysis. Many different methods can be used in each approach, but generally speaking fundamental analysis is concerned with the question of why something in the market will happen, and technical analysis attempts to answer the question of when something will happen.

There is, however, a third approach to analyzing a market. It combines the best of...

Hi Msis,

Very good article. Thank you for sharing this.

You will be blessed for your kindness in sharing.

Regards,
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #37,457
  • Edited 8:43pm Jul 18, 2012 8:07pm | Edited 8:43pm
Quoting Msis125125
Could you please show me on example S&R and good PA wave?

Please
Sure, this one took place Tuesday on EU.
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  • #37,458
  • Jul 18, 2012 8:28pm Jul 18, 2012 8:28pm
Quoting jayjonbeach
Well since you went that far, to show the bad habit of averaging down, which can also be looked at, or justified as, "scaling in", I think you better tell people your exit strategy, and at what point would you punt from the whole thing and walk away with a loss should things not work out.

This is only a suggestion and not for me, but for others in the thread since they might be following you.

Of course I think our friend at home has heard enough already...
Hi jayonbeach,

Yes, you are absolutely right and I owe many others in this thread my Big Picture plan and a detailed explanation on this multi-level money management method. This has been a blessing to me that someone here in FF showed me the importance of MM and the many MM strategy variations, and how to apply MM in system development.

My Big Picture is that I am trading the D timeframe seeing the 5-wave triangle on W chart. I am trading the wave ‘d’ and this is a move of 1000pips with another 400pips to go. The same EMA34/89 I use on all TFs.

I will be on the road soon for the rest of the daylight here. I still have a few PMs to reply to and I need to find time later to do so. Please bear with me till NYO.

There are different methods to exit trades and take profits. But I will give you all quick update now on how I manage some trade exits earlier. See attached chart on Exits.

For Risk Management, I use a Equity Protection of 90%. This means for this basket of trades, my maximum allowed is when drawdown hit 10% of my Equity. But at any one time, I can still cut my losses before that. I only planned a maximum of 5 trades below my initial entry EP1. But this trade went forward in my direction so I did not have to average down below. But I added forward above my entry at every 25pips grid.

Building up positions is something which I learned from another trader in Singapore. I am attracted to his way to build up his trading account.

How to build up positions is also explained in Agustin Silvani book “ Beat the Forex Trader”.

Good Trading to ALL.

Attached Image(s) (click to enlarge)
Click to Enlarge Name: AUDUSD Big Picture week 29.png Size: 50 KB
Click to Enlarge Name: AUDUSD 18 Jul multi level Exits 19-7-2012 9-01-37 AM.png Size: 46 KB
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #37,459
  • Jul 18, 2012 9:01pm Jul 18, 2012 9:01pm
Quoting Msis125125
Also i would like to add. Sonic and Tah, you guys are very clever and expirienced in this matter, so maybee some of the secrets shall be revealed? Maybee not a lot at one time, but still you both can predict the moves like no other, and it is nothing to do with Sonic. You must have some other knowlage that helps you make rights desisions, what are they? You guys are like forex rulers, and your system rules, but if you point readers in directions where more and better can be acheaved, we all be greatfull. Please guys dont take it a wrong way. Really....
Yes I agree there needs to be more teaching, some of the setups I see posted to me look like they have at best a 30/70 chance of success, it seems people are hunting for setups desperate to trade everyday. I think a few YOUTUBE live trade teaching videos would be good idea covering all aspects of the Sonic R System.
Some people say I'm lucky, but the more I practice the luckier I get
  • #37,460
  • Jul 18, 2012 9:13pm Jul 18, 2012 9:13pm
Quoting Robot Trader
Yes I agree there needs to be more teaching, some of the setups I see posted to me look like they have at best a 30/70 chance of success, it seems people are hunting for setups desperate to trade everyday. I think a few YOUTUBE live trade teaching videos would be good idea covering all aspects of the Sonic R System.
Robot Trader, please read my response to Msis125125. Sonic R. is not so complicated as to have "aspects". It is pretty straight forward. The complexities lay in the individual trying to add, subtract, and modify, and of course, trying to "stretch" things to get into a trade (things we are all quilty of doing at times). The Sonic R. System is straightforward. But the more stuff put on charts, the more it falsely appears to be complex.

-tah
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