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Sonic R. System

  • #38,121
  • Jul 30, 2012 1:20pm Jul 30, 2012 1:20pm
Quoting propip
He means, that is more important to know how a L/HH/HL or H/LL/LH looks like. And that its also important that we know where the S/R areas are, than we can see the price break through the Dragon. Like TAH said : It is all part of the package.

So, I suggest you to stop looking at the higher TF for a time being and concentrate on M15

TF wave analysis...and trade along.. DEMO it to see if it suit you.

And then you will go hunting for heads and shoulders, pennants and flags, bear channels, bull channels, and English channels, as well as the always enticing knees and toes and all manner of things that will by and large lose your money, all because you do not have the patience to wait for the SonicR to come to you.

SonicR is simple, but many choose to complicate it.

Wave analysis, highs and lows, higher highs and higher lows, lower lows and lower highs, and support and resistance.

"When you are looking for an edge, the "holy grail of trading" song calls you. What you don't know is that there are so many traders that were called by the same song and wrecked their ships on the rocks. [...]

From his PDF these are the advice given above catch my eyes.

Regards,
GK.
  • #38,122
  • Jul 30, 2012 1:27pm Jul 30, 2012 1:27pm
Hello,
It's been some time I use your trading system. I greatly apreciated for its simplicity. I will try to post my trade on the forum.
Thank you very much to all
Attached Image (click to enlarge)
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  • #38,123
  • Jul 30, 2012 1:44pm Jul 30, 2012 1:44pm
Quoting GuruKrish

So, I suggest you to stop looking at the higher TF for a time being and concentrate on M15

TF wave analysis...and trade along.. DEMO it to see if it suit you.

[font=Verdana][font=Verdana][left]And then you will go hunting for heads and shoulders, pennants and flags, bear channels, bull channels, and English channels, as well as the always enticing knees and toes and all manner of things that will by and [b]large lose...
I only use Higher TF for S/R. And i still take my entries on the 15Min TF. And im using the 200EMA.
I dont like enter a trade on higher TF than 15 cause i in most times i have bigger SL.

My only problem is, that I should to wait for a CLEAR Sonic Setup. Many times i think there is a Setup and put my orders.
And after a few hours i see a clear and nice Sonic Setup. With a move though the dragon and a nice pullback. Then i know i should have waited for that CLEAR setup.
  • #38,124
  • Jul 30, 2012 4:24pm Jul 30, 2012 4:24pm
Quoting GuruKrish
Hi TAH,

Is it possible to measure the slope of the Dragon in pips?

For example if we expect a long and price is above the dragon as usual with good wave setup. From the current 34 EMA high we take atleast 10 period of 34 EMA high and from the current high to back 9th position down we are measuring gap diff. If it more than 10 pips gap we can consider angle is good.

10 pips is an example. We can consider higher pips for good angle slope.

Regards,
GK.
Unnecessarily complicated.
  • #38,125
  • Jul 30, 2012 4:34pm Jul 30, 2012 4:34pm
Quoting aligater
Hi friends
we did cross for a short...
todays target perfectly hit...

Cheers
aligater
born to speculate
  • #38,126
  • Jul 30, 2012 5:56pm Jul 30, 2012 5:56pm
Quoting GuruKrish
Hi TAH,

Is it possible to measure the slope of the Dragon in pips?

For example if we expect a long and price is above the dragon as usual with good wave setup. From the current 34 EMA high we take atleast 10 period of 34 EMA high and from the current high to back 9th position down we are measuring gap diff. If it more than 10 pips gap we can consider angle is good.

10 pips is an example. We can consider higher pips for good angle slope.

Regards,
GK.
I do not believe you need this as Sonic system is simple and the more indicators you use the less effective you will be IMO. Here is a MA slope indicator.
Attached File(s)
File Type: ex4 MA_Angle_V1.ex4   5 KB | 469 downloads
  • #38,127
  • Jul 30, 2012 7:34pm Jul 30, 2012 7:34pm
Quoting worldfreedom
I do not believe you need this as Sonic system is simple and the more indicators you use the less effective you will be IMO. Here is a MA slope indicator.

Fully agree with worldfreedom.
Keep the original method as posted in#1.

There are already many discretionary decisions which traders have to think of when they see setups on their charts. One more indicator may not be necessary. But some trader may want this to give them more confidence. It is ultimately an individual decision to have or not to have.

What is more important is screen time and lots of practice practice practice. .... 10,000 hours (Daniel Coyle).
Consistency is another important factor to work on.

Trade Well!
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #38,128
  • Jul 30, 2012 8:50pm Jul 30, 2012 8:50pm
Quoting aligater
todays target perfectly hit...

Cheers
aligater

well done ..aligater.

would be good for you to share and post your chart so we can all learn from how you trade.

thank you.
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #38,129
  • Edited 11:24pm Jul 30, 2012 10:33pm | Edited 11:24pm
Quoting GuruKrish

So, I suggest you to stop looking at the higher TF for a time being and concentrate on M15

TF wave analysis...and trade along.. DEMO it to see if it suit you.

[font=Verdana][font=Verdana][left]And then you will go hunting for heads and shoulders, pennants and flags, bear channels, bull channels, and English channels, as well as the always enticing knees and toes and all manner of things that will by and [b]large lose...
it's just unreasonable to not look at higher time frame.. Especialy the one who trade sonic r system, sonic is not scalping system so looking and checking on higher time frame is essential to know what the trend is..

For example, lets see what we got yesterday.. Look at my 1H with 89EMA (I took this SS yesterday while posting on another thread), we can look the price is testing on 89EMA and bounching on fibonacci retracement 50 and 62 from last 2 swing.. Looking at this chart, I know that 1.2225 was a very strong S/R area..

So when price reach 1.2225 area, we can look for Long sonic setup..

the trade i took is not sonic setup, but i will post here to clarify my example.

Here my chart..

On 5M chart, price testing the historical S/R that I draw.. my TP few pips below the second S/R line(the upper one)..Usually i will set my TP at nearest S/R line that give me at least 1:1 RR, but this time i just a little greedy and took that 1:4 RR

Edit : I close my trade for +42 about 1:2.5 RR, double top with divergence on 5M.. just to be save
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  • #38,130
  • Jul 31, 2012 12:16am Jul 31, 2012 12:16am
Quoting emmanuel7788
Looking for continuation of the bullish trend

Trade Well!
Hi,

waited patiently yesterday for a good entry and now trade is BE+3pips.
Trade management is using jumping stop of 30pips and hopefully this will work out well for this trade tdoay for a good profitable close for july month.

Will be happy to read your comments.

Trade Well Everyone!
Attached Image(s) (click to enlarge)
Click to Enlarge Name: AU week 31 30 Jul 30-7-2012 9-24-14 AM.png Size: 42 KB
Click to Enlarge Name: AUDUSD trade 30 Jul 31-7-2012 1-04-28 PM.png Size: 31 KB
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #38,131
  • Jul 31, 2012 12:34am Jul 31, 2012 12:34am
Quoting emmanuel7788
My entry in H1 using Fibo levels
Just to provide an update of this trade taken yestreday.

Still no sign of strong buyers yet. Will try move to BE when market mve +30pips.

Let market decide.
Attached Image(s) (click to enlarge)
Click to Enlarge Name: EU 30 Jul H1 30-7-2012 5-53-13 PM.png Size: 35 KB
Click to Enlarge Name: EU 30 Jul trade update 31-7-2012 1-24-01 PM.png Size: 70 KB
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #38,132
  • Jul 31, 2012 1:00am Jul 31, 2012 1:00am
Quoting emmanuel7788
Just to provide an update of this trade taken yestreday.

Still no sign of strong buyers yet. Will try move to BE when market mve +30pips.

Let market decide.
Hi, emmanuel.. I already closed my long trade due to divergence on 5M and its on 32 fibo retracement also a strong S/R area on 1.2280 area..

I will looking for long setup reentry, for me better take profit on strong S/R area and looking for reentry..

Nice trading for u.. Just my 2 cent, hope it will help u..
Attached Image(s) (click to enlarge)
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  • #38,133
  • Jul 31, 2012 1:01am Jul 31, 2012 1:01am
Quoting alexbs
it's just unreasonable to not look at higher time frame.. Especialy the one who trade sonic r system, sonic is not scalping system so looking and checking on higher time frame is essential to know what the trend is..

...

I fully agree with alexbs statement posted above.

I read many of sonicdeejay posts and his high success are in position and swing trading.
I think successful traders must be able to analyse in all TF with good with understanding of Trend line,S & R, Wave analysis and Price action.

No doubt I see many posts using M15 setups and also result in profitable trades. I don't trade M15 and below. But I see a merit when traders look for setups in M15 (and also M5) and manage their trades well. SonicR has alot to do with wave analysis and I do not restrict my wave analysis to just M15.

I look for trade setups in H1 and H4, but I also make some entries on M15 to get a better time entry and better price sometimes. I don't pick tops and bottoms atlhough sometimes it appears to be so in some of my charts.

I use Support & Resistance in various forms - RN, BRN, pivots, fibos and daily H-L, weekly H-L. And also a few PA bar/candlesticks patterns.

It is all a matter of trader choice and other to make their opinion.

Trade Well!
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #38,134
  • Edited 3:10am Jul 31, 2012 1:22am | Edited 3:10am
Hi,
My trade for this morning :

MAJ 1 :
http://img341.imageshack.us/img341/7168/euromaj.gif
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  • #38,135
  • Jul 31, 2012 2:49am Jul 31, 2012 2:49am
longed 1.2275
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  • #38,136
  • Jul 31, 2012 3:06am Jul 31, 2012 3:06am
Quoting alkenany
longed 1.2275
Hi,
No Stop ?
  • #38,137
  • Jul 31, 2012 3:10am Jul 31, 2012 3:10am
2nd short eur/usd (first stopped -14)
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  • #38,138
  • Jul 31, 2012 3:11am Jul 31, 2012 3:11am
Entered short @ EU. Will move SL lower as soon as LH forms.
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cut losses short, let profits run.
  • #38,139
  • Jul 31, 2012 3:14am Jul 31, 2012 3:14am
also shorted aud, i think too early
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  • #38,140
  • Jul 31, 2012 3:16am Jul 31, 2012 3:16am
Quoting alkenany
longed 1.2275
closed -25 pips
went short 1.2255
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