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Sonic R. System

  • #38,061
  • Jul 28, 2012 6:54pm Jul 28, 2012 6:54pm
Quoting J-Sharpie
Wow after 2 months, I'm slowly starting to understand this now. If you can, can you put up a few more examples with a visual template like this.

btw, for every red and blue line on your picture, it would be even more helpful if you drew an indication where you actually placed the stop order and SL on the red and blue lines (as in drawing a different colored dot on above or below the candle)
I suppose looking at Domas4's post makes it a slightly bit easier. But a few more examples. Then I'm sure I can start trading more confidently with this system....
EPs set at H/Ls (understandable) with pending entry order. Actual entries are when PA moves across them (pending order executed). SLs are levels, and set with entry order or soon afterwards. TPs are levels set with entry order or soon afterwards.
  • #38,062
  • Edited 7:38pm Jul 28, 2012 7:07pm | Edited 7:38pm
Quoting ArtfulDodger
TAH, I have a question about the chart. Just past the EP of Long #1, the PA makes a high and then a low just above the dragon. From what I read on the preceding short, wouldn't you have raised the SL for the long to that point, and then wouldn't it have been hit following the next high? Maybe I am missing something.

Yes and no. The short trade would be considered counter-trend (based on rising PA on H1 chart), so keeping a tight SL makes sense. The long trade would be considered with the trend, and with possible whipping once trade gets underway (and when US session gets underway), moving SL up too soon could get you whipped out of the trade. However, had the SL on the first trade been moved up at the first opportunity, as you ask about, then the trade would have been stopped out for a loss of 7 pips when the price later got whipsawed in the US session. That would leave the second long trade. It too could have the SL moved up at first opportunity. And it would not have been hit, so this trade would have been profitable. Had the SLs been managed in this way, then two trades lost a total of 19 pips and the final long trade gained 52 pips. That is still not a bad day. All this is shown in the revised picture attached.

I'd like to again point out that in the example provided by Domas4, he shows taking a long entry when PA is below the Dragon (the second long entry in his example). This is contrary to the Sonic R. System, that only trades long when PA is above the Dragon and only trades short when PA is below it. The entry he shows worked out well, but that cannot be assured as a matter of course.
Attached Image (click to enlarge)
Click to Enlarge Name: sonicr mindset - pa wave analysis 3.gif Size: 36 KB
  • #38,063
  • Jul 28, 2012 8:51pm Jul 28, 2012 8:51pm
Quoting traderathome
Yes and no. The short trade would be considered counter-trend (based on rising PA on H1 chart), so keeping a tight SL makes sense. The long trade would be considered with the trend, and with possible whipping once trade gets underway (and when US session gets underway), moving SL up too soon could get you whipped out of the trade. However, had the SL on the first trade been moved up at the first opportunity, as you ask about, then the trade would have been stopped out for a loss of 7 pips when the price later got whipsawed in the US session. That...
Excellent Picture TAH.

Hope you don't mind that I have added one additional Short, even though it may not have the classic wave.
Reasons:
- Straight after London Open.
- Prior to London Open the range was extremely flat, can take this London hammer as a potential break down as this hammer low represent the recent low.
- Small SL risk.


Attached Image (click to enlarge)
Click to Enlarge Name: sonicr mindset - pa wave analysis 3 from TAH changed by FB.gif Size: 52 KB
  • #38,064
  • Edited 10:47pm Jul 28, 2012 10:35pm | Edited 10:47pm
Quoting foxybunny
Excellent Picture TAH.

Hope you don't mind that I have added one additional Short, even though it may not have the classic wave.
Reasons:
- Straight after London Open.
- Prior to London Open the range was extremely flat, can take this London hammer as a potential break down as this hammer low represent the recent low.
- Small SL risk.


Attachment
yes that first short just perfect sonic setup for me. if u look closely there was a clear double bottom before reversal (with divergence if u had a oscilator)..

there was a clear clue, if u can look at that clue u can exit first setup better, around 25-30 pips ^^
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  • #38,065
  • Jul 29, 2012 8:42am Jul 29, 2012 8:42am
i think have a time this week, wanna join in party , post trade, crack the pips, cut off loss, beat the game
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  • #38,066
  • Edited 10:24am Jul 29, 2012 9:44am | Edited 10:24am
Quoting traderathome
With special thanks to Domas4.....
http://www.forexfactory.com/showthre...36#post5879636

1. Let the London session arrive.
2. Look for PA swings thru the Dragon.
3. Analyze PA highs and lows in conjuction with swings thru the Dragon.
4. Set EPs and SLs accordingly, for both long and short possibilities.
5. Trade breakouts when they come, trend or both trend and counter-trend.

Note: Unlike in the example provided by Domas4, here possible longs and shorts were contingent on a PA wave swing thru the Dragon before setting EPs....
If we give some space and while move SL in 5 Min TF. The chance of SL getting triggered is delayed and chance of bagging more pips increased. Example in 15 Min Chart Attached. In your example if you give some space to PA and the SL for the long won't gets triggered. Am i correct?

Regards,
GK
Attached Image(s) (click to enlarge)
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  • #38,067
  • Jul 29, 2012 11:31am Jul 29, 2012 11:31am
Quoting GuruKrish
If we give some space and while move SL in 5 Min TF. The chance of SL getting triggered is delayed and chance of bagging more pips increased. Example in 15 Min Chart Attached. In your example if you give some space to PA and the SL for the long won't gets triggered. Am i correct?

Regards,
GK
Your entry is pre-session london open
Keep Simple...!
  • #38,068
  • Edited 2:32pm Jul 29, 2012 1:52pm | Edited 2:32pm
Quoting ArtfulDodger
TAH, I have a question about the chart. Just past the EP of Long #1, the PA makes a high and then a low just above the dragon. From what I read on the preceding short, wouldn't you have raised the SL for the long to that point, and then wouldn't it have been hit following the next high? Maybe I am missing something.
Quoting foxybunny
Excellent Picture TAH. Hope you don't mind that I have added one additional Short, even though it may not have the classic wave.
Reasons:
- Straight after London Open.
- Prior to London Open the range was extremely flat, can take this London hammer as a potential break down as this hammer low represent the recent low.
- Small SL risk.
Quoting alexbs
yes that first short just perfect sonic setup for me....(and)... if u look closely there was a clear double bottom before reversal...there was a clear clue, if u can look at that clue u can exit first setup better, around 25-30 pips.
Sonicers have given good inputs for a better final analysis of this PA. The picture is updated to include them all. As it turns out, with this collective improved analysis, the result is three trade setups, each initiated with a PA wave move thru the Dragon, for 69 pips for the day.

This post,
http://www.forexfactory.com/showthre...63#post5885463

and by Domas4,
http://www.forexfactory.com/showthre...36#post5879636
http://www.forexfactory.com/showthre...18#post5882418
http://www.forexfactory.com/showthre...43#post5883043

might be good references to keep on-hand as we all improve our PA wave analysis skills....

1. Let the London session arrive.
2. Look for PA swings thru the Dragon.
3. Analyze PA highs and lows in conjuction with swings thru the Dragon.
4. Set EPs and SLs accordingly, for both long and short possibilities.
5. Trade breakouts when they come, trend or both trend and counter-trend.
Attached Image (click to enlarge)
Click to Enlarge Name: sonicr mindset - pa wave analysis 6.gif Size: 38 KB
  • #38,069
  • Jul 29, 2012 6:00pm Jul 29, 2012 6:00pm
here is old article...some trader just need to be right
Attached File(s)
File Type: pdf The Need To Be Right.pdf   162 KB | 962 downloads
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #38,070
  • Jul 29, 2012 7:08pm Jul 29, 2012 7:08pm
Quoting GuruKrish
If we give some space and while move SL in 5 Min TF. The chance of SL getting triggered is delayed and chance of bagging more pips increased. Example in 15 Min Chart Attached. In your example if you give some space to PA and the SL for the long won't gets triggered. Am i correct?

Regards,
GK

Trade Management is always a challenge for many traders.
Question is - how much of your floating profts are you willing to give up in order to "let profits run"?
Are you prepared to give up 50% of your FP?

We will never know how the market volatility will be in the next 1min, 5min, and 15min. What we all see are waves in the past.

Why not then consider where the higher TF volatility is like and trail using a factor of this?

Also, do you want to hold your trade over the weekend? We never know what the weekend has in store for us. What will be your consideration for decision whether to hold a trade or close before NY closed on Friday?


Trade Well!
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Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #38,071
  • Jul 29, 2012 8:27pm Jul 29, 2012 8:27pm
Looking for continuation of the bullish trend

Trade Well!
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Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #38,072
  • Jul 29, 2012 9:41pm Jul 29, 2012 9:41pm
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  • #38,073
  • Jul 29, 2012 10:48pm Jul 29, 2012 10:48pm
Quoting marcianokent
Attachment
Just my own view. If EU touch your buy limit, price may drop more.


I'm looking for a short setup like that, but... hard to see VSA at this time.

EU and EJ.
Attached Image(s) (click to enlarge)
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Click to Enlarge Name: ej.gif Size: 41 KB
Keep Simple...!
  • #38,074
  • Jul 29, 2012 11:13pm Jul 29, 2012 11:13pm
Quoting kotlt
Just my own view. If EU touch your buy limit, price may drop more.


I'm looking for a short setup like that, but... hard to see VSA at this time.

EU and EJ.
You right, when EU touch my buy limit, then looking for LH then back to LL
  • #38,075
  • Jul 29, 2012 11:32pm Jul 29, 2012 11:32pm
Quoting marcianokent
You right, when EU touch my buy limit, then looking for LH then back to LL
Just wait till LO for more clues... ^^
  • #38,076
  • Jul 30, 2012 12:40am Jul 30, 2012 12:40am
Quoting marcianokent
You right, when EU touch my buy limit, then looking for LH then back to LL
noone is right, only mr.market is .
Keep Simple...!
  • #38,077
  • Jul 30, 2012 1:01am Jul 30, 2012 1:01am
Quoting kotlt
Just my own view. If EU touch your buy limit, price may drop more. I'm looking for a short setup like that, but... hard to see VSA at this time. EU and EJ.
EU:

On M30, VSA Friday makes it look like price was hiked in final hours of LS for closing longs, and maybe to start shorting it. If this was the case, then today there might be additional hikes for the same reason before the price gets run down. The price might not even be torpedoed until Tuesday.

But each new day is a day unto its own. The market makes it that way. So really, there is no sense in setting yourself up with a "bias". Just let the market do its thing and grab it's coattail for the better rides.
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  • #38,078
  • Jul 30, 2012 1:16am Jul 30, 2012 1:16am
guys, we can see forming "diamond" on H1 chart, price probably will "shoot" in one of direction
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  • #38,079
  • Jul 30, 2012 1:31am Jul 30, 2012 1:31am
Quoting alexLV
guys, we can see forming "diamond" on H1 chart, price probably will "shoot" in one of direction

"diamond" ... what is this?
how to trade "diamond" using sonicR?

any sort of patterns will is some way create some sort of bias for you to trade, right?
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #38,080
  • Jul 30, 2012 1:42am Jul 30, 2012 1:42am
its default pattern like "triangle" or "flag", its pure price action, price shoot in most of the time when this pattern appears
P.S i think i missed entry on GU while posted this
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