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Sonic R. System

  • #38,301
  • Aug 3, 2012 7:10am Aug 3, 2012 7:10am
Quoting traderathome
(Actually, the last I heard I think he was working for a bank. So maybe there is a conflict of interests. I don't know.)

-tah

I want to work for a bank too..

Sonic
  • #38,302
  • Aug 3, 2012 7:15am Aug 3, 2012 7:15am
GU:

Price dropped sooner than I was expecting. Entered long as shown. It could still go lower if there is a strong liquidity creation drive at the end of this slide down. I think the SL is reasonably placed at the lower S&R area. Nevertheless, it will be mental until the whipsawing season blows thru. A second TP (not on chart yet) might be around 1.5654.
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  • #38,303
  • Aug 3, 2012 7:26am Aug 3, 2012 7:26am
Quoting sonicdeejay
I want to work for a bank too..

Sonic
Good morning, Master!

Banks are evil money handlers. Let's keep our act clean and pure, and do our best to relieve them of their burden!
  • #38,304
  • Aug 3, 2012 8:01am Aug 3, 2012 8:01am
Quoting traderathome
GM, ArtfulDodger.

They are bar candles of the Heiken-Ashi formula, but with a personal modification so that price gaps show up. No gaps revealed has always been a drawback to HA candles. Bar candles helps to accentuate the PA waves and PA tops and bottoms.

It is an experiment. But, yes. I thought the next release might be more on the lines of extreme simplicity and that accentuate PA waves, because they are at the foundation of the Sonic R. System, as well as of support and resistance. Any change that helps accentuate waves and S&R has got...
Sometimes we "can't see the forest for the trees"
  • #38,305
  • Aug 3, 2012 8:36am Aug 3, 2012 8:36am
Quoting traderathome
Good morning, Master!

Banks are evil money handlers. Let's keep our act clean and pure, and do our best to relieve them of their burden!

Darn.. I was awarded to lead the offshore constructions of not one, not two but 3 projects consecutively...

It gonna be long and tiring year ahead..


Sonic
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  • #38,306
  • Aug 3, 2012 9:53am Aug 3, 2012 9:53am
Hi and thanks for the system. I'm not completely new to trading but I had to leave for a bit and come back, I wanted a system to follow that was simple and I found this had a lot of activity so I checked it out.

I really like the swing pace, I was a short term trader on the 5min chart burning out. I really like the swing trade pace and the 123 or Wave setup, it's really brought a lot together for me.

http://www.freeimagehosting.net/1ebe7http://i46.tinypic.com/28ck37p.png

I hope I got the setup right, I feel like they are correct. Also, I noticed there are quite a few flavors of the charts. The manual and the latest templates have different indicators, are you guys still using those? I'll still load them up to see if I can add them into the arsenal but it seems like most of the screenshots I see don't have them.

BTW this screen shot was taken early they went right to the pivot this time!

Anyway thanks again for the system, really enjoying it so far!
  • #38,307
  • Aug 3, 2012 10:14am Aug 3, 2012 10:14am
Quoting sonicdeejay
Darn.. I was awarded to lead the offshore constructions of not one, not two but 3 projects consecutively...It gonna be long and tiring year ahead..Sonic
Sonic, that is great news! Think positively. You are thought most highly of by your employer. They have increasing respect for you, as do all of us Sonicers here, holding down the fort.

A break away from intense involvement here might be just what the doctor ordered. Like changing the type of exercise you do from time to time, so your body does not get too accustomed to it and inhibit progress.

I am very happy for you, and your family. Be happy, too. Congratulations!

Sincerely,
-traderathome
  • #38,308
  • Aug 3, 2012 10:22am Aug 3, 2012 10:22am
Quoting traderathome
GU:

Price dropped sooner than I was expecting. Entered long as shown. It could still go lower if there is a strong liquidity creation drive at the end of this slide down. I think the SL is reasonably placed at the lower S&R area. Nevertheless, it will be mental until the whipsawing season blows thru. A second TP (not on chart yet) might be around 1.5654.
GU:

Manually closed trade at 1.5636 for 90 pips gain EP1 to close. For sure, now I am done for the week.

Eight trades. One lost, seven gained, for a total of 383 pips gained. Last week lost 20 pips. The week before lost 27 pips. So, this helps to even the score.
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  • #38,309
  • Aug 3, 2012 11:40am Aug 3, 2012 11:40am
Hi
Just playing with this system, so far with success but have not downloaded templates, building my own according to what I think system is having read first 90 posts or so. Are the templates and docs in first posts the latest? Many thanks.
Katte, kabuto no o wo shime yo. Size doesn't matter, leverage is the killer
  • #38,310
  • Aug 3, 2012 2:06pm Aug 3, 2012 2:06pm
Quoting traderathome
GU:

Manually closed trade at 1.5636 for 90 pips gain EP1 to close. For sure, now I am done for the week.

Eight trades. One lost, seven gained, for a total of 383 pips gained. Last week lost 20 pips. The week before lost 27 pips. So, this helps to even the score.

Hi TAH is there a possibility to export sonic template to NINJATRADER?

There is no spoon....
  • #38,311
  • Edited 10:12pm Aug 3, 2012 6:30pm | Edited 10:12pm
Quoting traderathome
A SL is a big white sign with a big red bulls-eye and lettering that states, "Here I am! Come get me!" And the market moving Big Wigs will, they absolutely will, if your SL and a bunch of others is economically reached by them. The further out you make it, the less economical it is for them, and the less likely there will be others in the area to make the drive to it worth while for them. Of course, if your SL is mental, it won't even be included with others in the same area. It won't add incentive for the market moving Big Wigs to take a position...

TAH -

First off, I've been following this system/thread for a while now and just wanted to thank you for all your helpful posts regarding this system and general insights into the FX market. You've helped me quit a bit.

Secondly, I'm not trying to re-ignite a topic that's been a source of friction in this thread, but I came across an article on Zerohedge that you might find interesting (if you haven't already seen it), and I recommend it as a good read for all.

The article is regarding HFTs and the interviewee speaks directly to your point concerning "Big Wigs" sniffing out SL's in markets and using them to their advantage. Although he states that these predatory HFTs are mainly in the ETF markets, he does say that they are somewhat prevalent in FX.

A short excerpt from the interview:

TCR: What are trending movements?
GARRETT: Trending movements are when an HFT deliberately moves a stock price up or down for its own benefit. For example, a computer can submit an overwhelming number of sell orders, knock the price of a stock down a few percentage points, then buy the stock back cheaply.
TCR: That sounds like overt manipulation.
GARRETT: It is, which is why investors need to understand how to protect themselves. One of the most important tips I can give you is to never enter stop-losses into the market. There are algos designed to sniff out stop-losses and manipulate them against you.

Of course there is no "proof" of this in the interview, I thought you might be interested. Apologies if this is beating a dead horse.

Anyways, back to the shadows for me! Keep up the great work TAH and all you others contributing to this effective (for me, at least) system.


With much gratitude,

-Dtown

Edit: Forgot the link.

http://www.zerohedge.com/news/interv...equency-trader
  • #38,312
  • Edited 7:18am Aug 4, 2012 6:57am | Edited 7:18am
Quoting Msis125125
Hi TAH is there a possibility to export sonic template to NINJATRADER?

Hi Msis,

try this attached.
I created the template in NJ ver7.0
you need to copy this into the template folder.

regards,
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Attached File(s)
File Type: xml SonicR Dragon Trend.xml   14 KB | 603 downloads
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #38,313
  • Aug 4, 2012 7:01am Aug 4, 2012 7:01am
Quoting Dtown
TAH -

First off, I've been following this system/thread for a while now and just wanted to thank you for all your helpful posts regarding this system and general insights into the FX market. You've helped me quit a bit.

Secondly, I'm not trying to re-ignite a topic that's been a source of friction in this thread, but I came across an article on Zerohedge that you might find interesting (if you haven't already seen it), and I recommend it as a good read for all.

The article is regarding HFTs and the interviewee speaks directly to your point...

very interesting article.

how to "never enter stop-losses into the market"?

use trade manager EA with stealth mode for SL.
But that means still ..... always always always use Stop Loss...so back to the same qeustion: where to pace your SL.

thanks Dtown!
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #38,314
  • Aug 4, 2012 7:12am Aug 4, 2012 7:12am
Quoting jasakreatif
yea.. you need sleep , eat bananas before it . Sleep Well.
Hi ja,

You funny man with banana joke all the time.
Here is one for you.
Attached Image
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #38,315
  • Aug 4, 2012 8:37am Aug 4, 2012 8:37am
Gold looking Bullish..


Sonic
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  • #38,316
  • Edited 11:46pm Aug 4, 2012 6:05pm | Edited 11:46pm
Quoting traderathome
emmanuel7788,
Think about how orders are executed. Let us say you think the price is going lower later, and so you'd like to build a short position so you can make profits if the price does go down later. Now, in order for you to have your short order executed, there has to be someone else willing to have a same sized long order executed. For every sell there has to be an equal buy. For every buy, there has to be an equal sell. There always has to be a balance.

Now let's say you are a large trading firm, and wish to build a very large short...
Quoting worldfreedom
I took a class on the back end controls for the MT4 platform and it does have the capability to allow for the complete monitoring of traders and positions so the the brokers can identify and trade accordingly against each traders method of trading. Great take on the market.
Quoting Dtown
TAH -First off, I've been following this system/thread for a while now and just wanted to thank you for all your helpful posts regarding this system and general insights into the FX market. Secondly, I came across an article on Zerohedge regarding HFTs/"Big Wigs" sniffing out SL's in markets and using them to their advantage,... that they are somewhat prevalent in FX: http://www.zerohedge.com/news/interv...equency-trader

With much gratitude,-Dtown
Dtown, I wish to express my appreciation to you for your post, as I did also to worldfreedom for his post. You folks gladden my heart. I come under such fire from others for telling things the way I see them, and only out of a desire to encourage others to be cautious.

I don't know why these others rant and rave, while providing nothing of substance and only denials as the core of their position, when anyone who looks at charts long enough has seen more than enough evidence to become acutely aware of the reality of all of this.

Dtown, I thoroughly enjoyed the article you provided, referenced above. Thank you very much. It alludes to perhaps the specifics Domas4 was challanging others to provide. Whether it is enough to begin to open his eyes, I don't know. A refusal to see can be stronger than truth in some people.

Again, thank you for your post, Dtown.

Sincerely,
-tah
  • #38,317
  • Aug 4, 2012 11:36pm Aug 4, 2012 11:36pm
Why the Dragon?

A few posters (they only drop in occassionally) say the Dragon is not needed. That is, they imply that once you become a "better trader" you won't need the Dragon, like the Dragon is some kind of training wheels! One such poster recently illustrated trading PA waves, posted a vid of one of the "Turtles" that discussed their "PA wave trading" method, and actually proposed entering trades when PA was on the wrong side of the Dragon (according to the Sonic R. System).

Should we throw out the Dragon? We, ourselves, profess to shun the proliferation of indicators because they are all derivatives of price, and they are lagging. So, why use the Dragon? Is it any different? No, it is not. However, the manner in which we use it is different. We use it as a partition; go long above, go short below. And we use it's angle as a strength indicator; flat equals no umph for the trade. That is simple enough. We are not relying on the Dragon for anything more than that.

Now, look at the M15 illustration below. Can you see where the "Shitty" Wave Trading actually asked you to enter short when the Dragon was angled up? Study it, and see why the method lost 62 pips, when the Sonic R. System gained 61 pips!

Conclusion-
Don't let others "suggest" that the Dragon is not important, that you really don't need it if you are a good trader. It is an essential part of the Sonic R. System. What they are saying is that PA is all you need. Fine. Let them start their own thread based on nothing but PA. If the Dragon was not needed as part of the Sonic R. System, Master Sonicdeejay would not have included it. But, review the illustration and judge for yourself.
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  • #38,318
  • Aug 4, 2012 11:49pm Aug 4, 2012 11:49pm
Quoting traderathome
Why the Dragon?
Interesting, one thing I'm trying to understand is why is the second shitty EP Long bad? I thought it was suppose to breakout the previous high above the dragon.

In hindsight, sure it hit the SL, but why was it a shitty EP? Was it because it was too far from the dragon?
  • #38,319
  • Aug 5, 2012 12:47am Aug 5, 2012 12:47am
Quoting J-Sharpie
Interesting, one thing I'm trying to understand is why is the second shitty EP Long bad? I thought it was suppose to breakout the previous high above the dragon.

In hindsight, sure it hit the SL, but why was it a shitty EP? Was it because it was too far from the dragon?
I had the same question as J-Sharpie.

Also, in your sonic trade, why would we go long when the dragon is between 3 and 4 O'Clock?
  • #38,320
  • Aug 5, 2012 1:05am Aug 5, 2012 1:05am
about Honesty
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Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
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