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Sonic R. System

  • #38,841
  • Aug 23, 2012 11:05am Aug 23, 2012 11:05am
Hi Guys

Before I start rambling, just want to say thank you Sonicdeejay for this system. I will buy you the best dinner when I'm at Singapore or when you come to Malaysia!

TAH, wonderful work on the templates and posts, just love reading what you have to say although sometimes they criticise you badly!

I'm from Malaysia and have been trying this system for 4 months and back testing it with 2 years of data. With a safe 1:1 R ratio, I'm risking 2% a trade and making about 20% a month.

Anyway just want to share my trade I took today. I understand that TAH appreciates if the post is made before trade but hey I'm a shy guy, sorry about that

EP: 1.25562
SL: 1.25361
TP: 1.25760

My comments are:

1 Setup looks pretty good I believe (mark with the wave)
2 I think my SL was pretty weak at 20pips which made me lost out during the whipsaw

Would I be right to say, increase on the SL and focus on the amounts of pips gain and not the R ratio? As keeping the R ratio sometimes is just not doable.

Any comments is much appreciated
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Veni, Vidi, Vici
  • #38,842
  • Aug 23, 2012 8:37pm Aug 23, 2012 8:37pm
FXCM & UCad Commentary:

A few days ago it was pointed out that FXCM had spikes on a pair that other brokers did not have. And it was suggested FXCM went on a SL hunt of its customers accounts to load up before a move. And the move came.

Well, here we have another example of a possible SL hunt by FXCM of its clients accounts, which created a spike not shown by other brokers. The spike is down, hence I'd be anticipating more upside to come on this pair regardless of any PA gyrations in the interim.
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  • #38,843
  • Aug 23, 2012 8:43pm Aug 23, 2012 8:43pm
Quoting traderathome
FXCM & UCad Commentary:

A few days ago it was pointed out that FXCM had spikes on a pair that other brokers did not have. And it was suggested FXCM went on a SL hunt of its customers accounts to load up before a move. And the move came.

Well, here we have another example of a possible SL hunt by FXCM of its clients accounts, which created a spike not shown by other brokers. The spike is down, hence I'd be anticipating more upside to come on this pair regardless of any PA gyrations in the interim.

TAH,

I was using FXCM Demo for a while and got a lot of these fake tails which took out my stops. I am now trying Alpari on MT4, any idea about them? Or is there a broker (UK based preferably) that you recommend?

Also, I understand the concept of stop hunt and get why brokers would do it. But, in the example you provide, how would FXCM would know that a move to the upside is coming? Such fake tails would be just as devastative for people with pending sell orders which would be hit possible along with the SL for the pending sell. I guess what I am trying to say is, it is a bit difficult to judge the future direction based on the hunt? Or am I missing something.
  • #38,844
  • Aug 23, 2012 8:43pm Aug 23, 2012 8:43pm
Quoting traderathome
FXCM & UCad Commentary:

A few days ago it was pointed out that FXCM had spikes on a pair that other brokers did not have. And it was suggested FXCM went on a SL hunt of its customers accounts to load up before a move. And the move came.

Well, here we have another example of a possible SL hunt by FXCM of its clients accounts, which created a spike not shown by other brokers. The spike is down, hence I'd be anticipating more upside to come on this pair regardless of any PA gyrations in the interim.
We need a name for this set up.

Grins
"The more I practice the luckier I get." Gary Player
  • #38,845
  • Aug 23, 2012 8:49pm Aug 23, 2012 8:49pm
Quoting ahniel
Hi Guys

Before I start rambling, just want to say thank you Sonicdeejay for this system. I will buy you the best dinner when I'm at Singapore or when you come to Malaysia!

TAH, wonderful work on the templates and posts, just love reading what you have to say although sometimes they criticise you badly!

I'm from Malaysia and have been trying this system for 4 months and back testing it with 2 years of data. With a safe 1:1 R ratio, I'm risking 2% a trade and making about 20% a month.

Anyway just want to share my trade I took today. I understand...
ahniel, welcome to Sonic R.!

I regret you were stopped out. Since you are new, you might not have come across the comment Master Sonicdeejay made regarding SLs on EU. It was a month or so ago. Someone asked him what a tight SL on EU was. He replied, "...80 pips!" I think you get the point. Make it too tight, and under the right conditions you might as well kiss your money goodbye, because even a "gentle" reverse move or a not so gentle whip is going to take it. The market wants our money. And if we tell the market where it is.....goodbye money. And, BTW, the market includes all dealing brokers with whom you place your SL. So, think about it. Whatever you decide, try not to make it easy for them.
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  • #38,846
  • Aug 23, 2012 8:51pm Aug 23, 2012 8:51pm
Quoting kashTrader
TAH,

I was using FXCM Demo for a while and got a lot of these fake tails which took out my stops. I am now trying Alpari on MT4, any idea about them? Or is there a broker (UK based preferably) that you recommend?

Also, I understand the concept of stop hunt and get why brokers would do it. But, in the example you provide, how would FXCM would know that a move to the upside is coming? Such fake tails would be just as devastative for people with pending sell orders which would be hit possible along with the SL for the pending sell. I guess what I...
Let's say you were a broker. You have access to account info on accounts ranging from 50 million to 50 dollars. Let's say you also knew that some of those 50 million dollar traders really knew their stuff and they were right an awful lot of the time. Let's say you saw these guys buying slowly. Let's say you wielded enough dough to to create spikes in your own brokerage. Let's say..., wait..., no one would ever do that...,
"The more I practice the luckier I get." Gary Player
  • #38,847
  • Aug 23, 2012 8:52pm Aug 23, 2012 8:52pm
Quoting Grins
We need a name for this set up.

Grins
You know, Grins, that is a very good idea! Also, we should probably send an email to FXCM, thanking them for their excellent free signals!

-tah
  • #38,848
  • Aug 23, 2012 8:55pm Aug 23, 2012 8:55pm
Quoting traderathome
FXCM & UCad Commentary:

A few days ago it was pointed out that FXCM had spikes on a pair that other brokers did not have. And it was suggested FXCM went on a SL hunt of its customers accounts to load up before a move. And the move came.

Well, here we have another example of a possible SL hunt by FXCM of its clients accounts, which created a spike not shown by other brokers. The spike is down, hence I'd be anticipating more upside to come on this pair regardless of any PA gyrations in the interim.

This is interesting about FXCM spike on U/C.

See if this can be a contrary indicator that FXCM providing for us to trade.

Hope you can provide further FXCM updates on this chart after Friday ended or next week to see what happened after this long tail.
  • #38,849
  • Aug 23, 2012 8:55pm Aug 23, 2012 8:55pm
Quoting Grins
Let's say you were a broker. You have access to account info on accounts ranging from 50 million to 50 dollars. Let's say you also knew that some of those 50 million dollar traders really knew their stuff and they were right an awful lot of the time. Let's say you saw these guys buying slowly. Let's say you wielded enough dough to to create spikes in your own brokerage. Let's say..., wait..., no one would ever do that...,
No that makes complete sense to me..... I am not questioning the manipulation. Clearly this is happening as identified by TAH. Also, I am completely onboard with TAH on using "mental" SL rather than placing them on the system to make it harder for brokers.

What I was merely trying to point out (although I may be completely wrong) is that the long wick below can infact trigger and remove pending sell orders as well. So, the price could be headed down and not only up? Or is my idea too far fetched?
  • #38,850
  • Aug 23, 2012 9:02pm Aug 23, 2012 9:02pm
Quoting traderathome
FXCM & UCad Commentary:

A few days ago it was pointed out that FXCM had spikes on a pair that other brokers did not have. And it was suggested FXCM went on a SL hunt of its customers accounts to load up before a move. And the move came.

Well, here we have another example of a possible SL hunt by FXCM of its clients accounts, which created a spike not shown by other brokers. The spike is down, hence I'd be anticipating more upside to come on this pair regardless of any PA gyrations in the interim.

Food for thought..... FXCM DEMO doesn't have this wick?
FXCM really playing us bad.... not going back to them.....
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  • #38,851
  • Edited 9:37pm Aug 23, 2012 9:15pm | Edited 9:37pm
Quoting kashTrader
TAH,

I was using FXCM Demo for a while and got a lot of these fake tails which took out my stops. I am now trying Alpari on MT4, any idea about them? Or is there a broker (UK based preferably) that you recommend?

Also, I understand the concept of stop hunt and get why brokers would do it. But, in the example you provide, how would FXCM would know that a move to the upside is coming? Such fake tails would be just as devastative for people with pending sell orders which would be hit possible along with the SL for the pending sell. I guess what...
Well, lets not get too excited over this. Right now we are having fun with it. At least I am, since Domas4 and some others tried to rip me a new asshole for even suggesting the "market" (let alone any individual broker) would entertain a move motivated by anything other than "normal" buying or selling.

The fact is, a spike does not have to be motivated by a desire to hit SLs, in order to hit them. Spikes are motivated by greed. And they work. If price is spiked down (I'll use this as an example here), some interesting things happen. Pending short orders can be triggered which lets the price manipulator take the long side. Later, when the spike recedes the SLs on the triggered shorts will be triggered and create more buying which helps move the price higher and get profits for the manipulators newly gotten longs at the shorters expense. And, of course, a spike down can hit SLs on longs, forcing selling to close, which allows the manipulator to do more buying. It all works out quite profitably for the price manipulator, who is not necessarily doing it just to hit SLs, but hey, if they happen to be there, what the hell, he'll take all he can get!

In general, bonafide or "normal" selling will cause price to drop. However, not all price drops are the result of bonafide selling. When price is spiked down, it can be just the opposite. It can represent buying; a manipulation of the price downwards by an entity that is a buyer, not a seller. And suggesting this happens is what solicited so much flack.

Personally, I don't care a hoot nor a holler if some people want to stick their heads in a hole, and keep it there so they don't have to witness events that contradict their beliefs. Things are what they are, they are there for all to see, and.......I have no intentions of shutting up about it for so long as the Good Lord has me here, and that such information can help Sonicers to protect themselves!

BTW, attached is an H4 chart for UCad. Now, if you think there is no way in hell that this is anything but bearish, then be my guest and forget the possibility that FXCM might have gone on a buying spree at their clients expense.

-tah
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  • #38,852
  • Aug 23, 2012 9:51pm Aug 23, 2012 9:51pm
Been using the Sonic System for a couple of weeks now, making pips when the market is trending. However, I'm not sure if I still miss some of the key points.
Is this a good setup ? .. in term of counting the LH - HH .. please ignore the fact that this is not in LS .. or should wait for those resistance area to break. Please enlighten me ..
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  • #38,853
  • Aug 23, 2012 9:59pm Aug 23, 2012 9:59pm
Morning all!
A very good consolidation...
Watching this closely...
EU M15 charts
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fooled by randomness in art
Meditation All Time Return: 8.9%
  • #38,854
  • Aug 23, 2012 10:47pm Aug 23, 2012 10:47pm
Quoting MrSmoove
Been using the Sonic System for a couple of weeks now, making pips when the market is trending. However, I'm not sure if I still miss some of the key points.
Is this a good setup ? .. in term of counting the LH - HH .. please ignore the fact that this is not in LS .. or should wait for those resistance area to break. Please enlighten me ..
If we are only discussing the PA wave being traded, it seems your entry is too high by about 8 pips. EP should be at least a few pips beyond the end of the PA wave leg #3 candle that first exits the Dragon. I picked that as the candle whose upper wick ends just at the top edge of the Dragon. However, if you select the second candle afterwards, and place EP a few pips above it, then you are close, maybe only a couple of pips high. All this is fine, either way.

On the other hand, if we broaden our concerns, then realize this has been ranging after a run up this week, and could pull back down some.
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  • #38,855
  • Aug 23, 2012 11:42pm Aug 23, 2012 11:42pm
So when EJ is ranging like this, how do we find a good Sonic setup ? .. by looking at the S&R level ?
  • #38,856
  • Aug 24, 2012 1:44am Aug 24, 2012 1:44am
Quoting MrSmoove
So when EJ is ranging like this, how do we find a good Sonic setup ? .. by looking at the S&R level ?
You keep watching, examining, waiting for one to show up. Be more keen during the London session, too. Be very picky otherwise.

As we approach the London session, you can see there is a possibility forming, in the opposite direction from before. Still, it is not the London session yet. So, be very picky, cautious about what you launch yourself into, because what shows up right now, might look like a mistake in an hour or two. For one thing, the Dragon is very flat. This shows that PA is not committed to either direction, yet.

Keep in mind, just because you want to trade does not mean the market has to give you one. Look for good setups that occur at good times; let trades come to you. Don't force the issue and jump on any old sack of bones because your trigger finger is itchy.
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  • #38,857
  • Edited 2:24am Aug 24, 2012 2:07am | Edited 2:24am
Quoting mg_vinodkuma
ucad entered long.
Quoting kashTrader
Sorry newbie question, is the dragon sufficiently angled up to take this setup?
Quoting alrightfrank
focus on the setups near or around the S&R areas, eventually youll see you dont need the dragon for confirmation. theres a lot of entries posted here where dragon indi is not properly angled when they entered the trade.
mg_vinodkuma made entry on a perfectly good classic Sonic R. long setup. There was no issue with the Dragon. The trade chart posted was elongated, so the angle on the Dragon appeared flatter than it actually was, but even then it was ok.

That should answer your question, kashTrader. Yes, either way the angle was sufficient.

alrightfrank suggests "...their are a lot of entries posted here where the dragon indi is not properly angled...", however he does use the words "properly angled" and he does not say how those trades turned out. He says "...eventually you'll see you don't need the dragon..." Neither do you need a license to drive a car, nor permission from somebody else to shoot yourself in the head! But that does not make them good ideas. There are many ways to trade. The Sonic R. System is just one of them. Trade without the Dragon and you are not trading the Sonic R. System. And for as many of those "other" trades without the Dragon that come out ok, I bet there are more in which the trader gets royally screwed! I have yet to see anyone that has suggested trading without the Dragon demonstrate their success by regularly posting their trades in real-time.
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  • #38,858
  • Aug 24, 2012 2:29am Aug 24, 2012 2:29am
Short EU @ 1.2545
Quick move to BE now...
TP @ 1.2475
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fooled by randomness in art
Meditation All Time Return: 8.9%
  • #38,859
  • Aug 24, 2012 2:47am Aug 24, 2012 2:47am
still waiting...
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  • #38,860
  • Aug 24, 2012 2:51am Aug 24, 2012 2:51am
my last trade this week
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