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Sonic R. System

  • #40,961
  • Nov 15, 2012 12:16pm Nov 15, 2012 12:16pm
Quoting hansma
No prob - does it work now ?

H.
Yes, actually got it working a little earlier


Starting to get used to this system.

I see Sonic isn't around much lately... not sure if anyone can answer this for him but why did he give up the Stochastics, if he did?

Stochastic oscillator is one indicator I really find useful, but in the end we just need the Dragon, Trend, PA and S & R.
  • #40,962
  • Nov 15, 2012 12:22pm Nov 15, 2012 12:22pm
Quoting worldfreedom
I have taken ej short off the 5min chart. There has been a significant run up and right at the monthly close there was accumulation taking place. I would like to see the same setup as shown on the 5min on the 15 min but the accumulation volume will suffice. This is a late session trade so be cautious if you enter this trade. Yen crosses can be violent movers.
Was looking at that same play, but ultimately the trend up is too strong, and if you look on the 5 min you'll see it hasn't really gone below the trend even on the 5 min. So it's a higher risk play for sure and not sure if it's technically a sonic set upon the 5 min due to being above trend, though it is under the dragon.

We're better off being more patient, so many different currency pairs and daily moves, no reason to not get the ideal set up at least 80% of the time.
Attached Image (click to enlarge)
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  • #40,963
  • Nov 15, 2012 6:00pm Nov 15, 2012 6:00pm
Short EA

5 min Sonic set up, higher risk with 15m+ uptrend recently.

EP 1.2358
SL 1.2374
TP personally managed
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  • #40,964
  • Nov 15, 2012 6:24pm Nov 15, 2012 6:24pm
Quoting Ck87
Short EA

5 min Sonic set up, higher risk with 15m+ uptrend recently.

EP 1.2358
SL 1.2374
TP personally managed
EURAUD looks like it is at a resistance level on my daily chart... so your trade may have a couple things going for it right now
Attached Image (click to enlarge)
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  • #40,965
  • Nov 15, 2012 6:26pm Nov 15, 2012 6:26pm
Quoting kotlt
move SL to BE.

I think i see another EU setup, anyone have same view ?

I alrealy have long EU order, so i don't enter this setup.
Hit SL at BE
Keep Simple...!
  • #40,966
  • Nov 15, 2012 7:10pm Nov 15, 2012 7:10pm
GU seems dilemma
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DB#23
  • #40,967
  • Nov 15, 2012 7:16pm Nov 15, 2012 7:16pm
AU entered long

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  • #40,968
  • Nov 15, 2012 7:36pm Nov 15, 2012 7:36pm
Quoting traderathome
EU: Entered long. SL mental. TP conservative. CT trade.
EU: TP1 reached and trade closed for 45 pips gain, EP1 to TP1.
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  • #40,969
  • Nov 15, 2012 7:42pm Nov 15, 2012 7:42pm
Quoting Ck87
Short EA

5 min Sonic set up, higher risk with 15m+ uptrend recently.

EP 1.2358
SL 1.2374
TP personally managed
Its too risk to take short EA CK87 With TF in H 1
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  • #40,970
  • Edited 9:02pm Nov 15, 2012 7:52pm | Edited 9:02pm
Quoting Davidbeckham
GU seems dilemma
Now you've added paraboloic sars.....

David, trust Sonic. All those price derivative indicators (sars, stochs, rsi, macd, etc.) are just that, derivatives of price! We already use two of them: the Dragon and Trend. It is all you need, because the focus is on PA waves (how nice a form do they have, and where have they formed in relation to...) and on S&R! We also use a bit of volume because it is the ONLY technical NOT derived from price, so it is not repetitive.

Garbage up your trading with a whole bunch of price derivative technicals and you will absolutely fail at mastering the Sonic R. System. Why? Because it shows that you are looking for "things" to tell you where price is going, and you already have price on the chart. What you need are not more "things" that are based upon the price which you already have, but more grasp of price in relationship to S&R and volume.

I hope all aspiring Sonicers, and those that tout themselves to be Sonicers, will read this and heed this, and remove all that garbage from their charts! And learn to master price action via the price bars relative to S&R.
Attached Image (click to enlarge)
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  • #40,971
  • Nov 15, 2012 7:57pm Nov 15, 2012 7:57pm
Quoting traderathome
Now you've added paraboloic sars.....

David, trust Sonic. All those price derivative indicators (sars, stochs, rsi, macd, etc.) are just that, derivatives of price! We already use two of them: the Dragon and Trend. It is all you need, because the focus is on PA waves (how nice a form do they have, and where have they formed in relation to...) and on S&R! We also use a bit of volume because it is the ONLY technical NOT derived from price, so it is not repetitive.

Garbage up your trading with a whole bunch of price derivative technicals and you will absolutely fail at mastering the Sonic R. System. Why? Because it shows that you are looking for "things" to tell you where price is going, any you already have price on the chart. What you need are not more "things", but more grasp of price in relationship to S&R and volume.

I hope all aspiring Sonicers, and those that tout themselves to be Sonicers, will read this and heed this, and remove all that garbage from their charts! And learn to master price action via the price bars relative to S&R.
Oke TAH, I'll trash it
DB#23
  • #40,972
  • Edited 8:41pm Nov 15, 2012 8:27pm | Edited 8:41pm
TAH, why do my pivot bars keep disappearing?
Only ones that seem to remain on the chart are the RWH RWL.

Thanks,
-Mez

Edit, nevermind, had to do with chart shift.
  • #40,973
  • Nov 15, 2012 9:11pm Nov 15, 2012 9:11pm
eu long @ 1.2750 sl -15, lets see if price will hit......
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  • #40,974
  • Nov 15, 2012 9:16pm Nov 15, 2012 9:16pm
What do you think this setup ? EJ 15 min.

I do not enter this trade, just want to know this is a valid setup or a retracment ?
Attached Image (click to enlarge)
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Keep Simple...!
  • #40,975
  • Nov 15, 2012 9:34pm Nov 15, 2012 9:34pm
Quoting alrightfrank
eu long @ 1.2750 sl -15, lets see if price will hit......
Don't know, Frank. Seeing the same (long) on UChf. Aren't they normally supposed to move in opposition? See what could well be "stopping" volume yesterday. Nice PA wave forming around PVT. And H1 Dragon is starting to level off from coming down. UChf could be a long setup. If it goes long, what does that spell for EU? Won't EU likely go down?

You could be right. And we simply "let the dragon and PA show the way", so lets see what happens.
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  • #40,976
  • Nov 15, 2012 9:43pm Nov 15, 2012 9:43pm
Quoting kotlt
What do you think this setup ? EJ 15 min.

I do not enter this trade, just want to know this is a valid setup or a retracment ?
I think the wave encompasses too much time to be so valid. Perhaps the run up in the asian session will turn out to be the start of a new PA wave. That run up looks beaish, to me. So like you, I too see this more as progressing towards a move down than a move up.
Attached Image(s) (click to enlarge)
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  • #40,977
  • Nov 15, 2012 9:57pm Nov 15, 2012 9:57pm
Tah, could you please provide a feedback on the attached chart ? Be critical without limit yourself. The market is almost dead but I'm practicing.... Thanks in advance.
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  • #40,978
  • Nov 15, 2012 10:13pm Nov 15, 2012 10:13pm
Short EJ

5min

EP 103.58
SL 103.73
TP personally managing
Attached Image (click to enlarge)
Click to Enlarge Name: ej.jpg Size: 117 KB
  • #40,979
  • Edited 10:33pm Nov 15, 2012 10:23pm | Edited 10:33pm
Quoting umbro
Tah, could you please provide a feedback on the attached chart ? Be critical without limit yourself. The market is almost dead but I'm practicing.... Thanks in advance.
Umbro, the trend is now down. Look at "M" on H4 and that price is coming up to retest support it fell thru. It may become resistance. Of course, the market will do whatever it decides to do. So, in the face of this new down trend, a retrace could take price above this SR area. There is just no way of knowing. It is up to the market to decide and for us to be quick to ride.

Therefore, it could go either way from here. Up or down. But "up" would be CT, and maybe not so far. Since "down" would be with the trend, it might be less risky, and worth waiting for.

RWL is less than the day range below. So, this could fake upwards (a tradeable long setup?) to allow the market to load up shorts at a higher price, and then scram down towards RWL to finish off the week.

It is anybody's guess. Anything can happen. My $$$ would be on waiting for another short trade, just to be safer. But, a retrace move up (so the big players can build shorts) could be traded too!
Attached Image(s) (click to enlarge)
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  • #40,980
  • Nov 15, 2012 10:40pm Nov 15, 2012 10:40pm
@ TAH,

http://www.forexfactory.com/news.php?do=news&id=395430

She's confirming your sentiments about the EUR/JPY if I read that right.
I'm watching for the short side.
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