Sonic R. System

I'm new to manual trading, just curious has anyone tried developing an EA for this system? I'd be curious to try it.

Yup

Lol

H.

Tah what do you think about Yen pairs? I m losing much money on E/J because i m without stop loss and i m scared to lose more and more, there isn t any retracement for now...

@eire77

when you trade against the market and do not use a stop loss and do not know when to cut your losses, you will lose more of your hard earned money in this market.

Follow the Basic Rule of Sonicdeejay , he got inspired by Raghee Horner and shared her 34EMA Wave method here:

Buy when EMA34 is above EMA89

Sell when EMA34 is below EMA89

EMA34 is your guide to see the price moves in waves
EMA89 is your guide to the Trend direction

Do not trade based on other's speculations and conjecture. Knowing Price Action is a better way to see how the market moves and will help you become a successful trader. You don't need to speculate what assumed Big Boys are doing. Nobody can tell except the Big Boys themselves. LOL.

"Cut Losses Short, Let Profits Run" this is the motherhood statement of investors and traders. Trading against the market do not follow this belief. Sonicdeejay himself follow this belief.

Now think of a plan and starting next week, you can start recover your losses.

Regards,

Been silently stalking this trading method for some time. I think it is time to take the plunge .

@usdivers

Dear Sir,

This is a big decision. Congratulations.

You can google Raghee Horner 34EMA Wave Method and find plenty of online resources of this method. Some good tuturial videos are available too. It is a proven method and you can adapt and build this into a system of your own.

Read post#1.

Regards,

This Sonic R. System is great. I have been following this system for a month now and I found out that 60% of the time it works pretty good on its own. I just want to point out to new FX traders who is going to use Sonic R. you going to need more what is written in here. I have been trading for 4 years now. I have pretty much tested almost all indicators and systems that offered free or paid. No system is perfect, at the end of the day YOU ARE RESPONSIBLE IN MAKING DECISION ON YOUR OWN. KNOWING THE TRUTH BEHIND THE MARKET AND KNOWING WHAT TO TAKE AND WHAT NOT TO TAKE SEPARATES YOU FROM BEING THE 95% OF THE TRADERS WHO LOSS MONEY!

I like to share this introduction by steve mauro which talks about the truth behind FX market. I have been benefited from it alot. If you guys who are new and had any questions please feel free to ask. I will do my best to explain. I am not a student from steve mauro nor i had bought anything from compass fx. So don't think that I am one of their sales rep.

Hansma, please expound to clarify this chart. You clearly have marked "1,2,3" positions, and also have marked the "2" level out to the following day. However, the meaning of these statements is not at all clear:

L H LL = failed 123 Entry on pullback to 2 - What does this mean? A failed long or short entry on pullback to 2? What "failed" about it? And is that the pullback from "1" to "2", or the pullback to "2" the following day? And, if it is the following day, are you still referring to the 1-2-3 L H LL, or are you referring so some unmarked swings in the greater PA picture?

H L LH Normal 123 Entry on pullback to 2 - what does this mean? A normal long or short entry on pullback to 2? What is "normal" about it? And is that the pullback from "1" to "2", or the pullback to "2" the following day? And, if it is the following day, are you still referring to the 1-2-3 L H LL, or are you referring so some unmarked swings in the greater PA picture?

2 candles must close above/below 2 - Which "2"? The first position marked as "2", or the place where PA comes back to "2" level the next day?

Really, what are you trying to say with all of this?

Maybe he means a false setup ???

I'm glad you asked because after what happened in the US session Friday, I have been thinking on not only the Yen pairs, but all the USD pairs as well.

Go to any Yen pair chart and view the VSA picture on Friday and a clear picture of strong volume on bear candles greets you from the start of the asian session into the start of the LS. And this follows a pattern of selling and reducing prices starting with the highs in the early LS on Thursday. After the Friday US Open, however, the picture suddenly changes. The big bad boys of NYC came to the table with a different agenda, and the money to back it. Look closely at M15 VSA for EJ and GY and you will see for two TFs they loaded up and then on the third TF they started their pump, running EJ up over 80 pips and GJ up over 120 pips! UJ got the same treatment, only to a significantly lesser degree. What's going on? I want to say with some certainty that this was a surprise Pump 'n Dump, but I cannot. I can only point to the GJ and UJ charts which show at the very end of Friday that the volume suddenly increased while prices remained at the highs, which is far more likely to be selling than buying. Which therefore makes it even more reasonable that the whole time the price remained at the highs after the pumps, the market was selling. Which therefore makes it even more reasonable that the whole purpose of the pump was for selling! Pics. of GJ and UJ are attached.

What about the USD pairs? Same story. A pic. of GU is attached. You can see what looks like selling as the LS opened. But later, when the US session opened, the price was disproportionately pumped up. I say disproportionately because the volume in the US pump of 100+ pips shows not to be much more than that volume in the early LS that drove the price down a bit over 30 pips! In that view, the pump was actually on light volume! And then there is the late day selloff, which makes it more than likely the whole time after the pump was devoted to selling. And that makes it more than likely the sole purpose of the pump was for a selloff,....close longs high and acquire new shorts high. The same as with the Yen pairs.

Conclusions? Yes. Sonic has often reminded us to, "....let the market decide." And to, "let the Dragon and PA show the way. This advice has been repeated here on the thread time and again. This advice stems from the knowledge that in spite of any fundamentals and technicals we think are "in play", each day when the major players come to the table they determine the direction of prices. Or "directions" of prices (note the use of the plural). Anyone in the market for years has seen days where prices first go one way then the other. They have even seen days when the price goes one way, then the other way, then back the first way again. And we are talking big moves here each way, 80-100+ pips or more, each way! Let the market decide. Let the Dragon and PA show the way.

I've said this before, "Don't let a bias ruin your day." The market is a place of "trickery", where the biggest players attempt to coax others into "wrong side" positions so they can add "right side" positions. And where the biggest players attempt to hit stops on the "right side" positions of others, to create liquidity so they can get more of their own "right side" orders filled. And the strategy used to do these things is a sudden spike in price. So, sometimes when the price seems relentlessly moving in one direction, it is not necessarily buyers moving the price up, or sellers moving the price down. It can easily be the exact opposite! It can be big players motivated to close longs and/or acquire shorts that are driving the prices up. Or big players that are motivated to close shorts and/or acquire longs that are driving the prices down. Unfortunately, we cannot rely on such maneuvers to be single isolated events. They can be repeated, pushing prices even further up/down until the conclusion is reached. Until the big players, in all their greed, are satisfied. Or until there are no more SLs on "right side" positions of other traders or pending "wrong side" orders of other traders, readily available for them to use to in order to close and/or build their own positions.

So, what do we do?
Let the market decide.
Let the Dragon and PA show the way.
Don't let a bias ruin your day.

You lost me at "Steve Mauro"

False setup? Long? Short? Details are there, and they are obviously inter-related. It is just that the wording is a disjointed and confusing path leading to.....I don't know what. If there is a "procedure" to it all, it is not clear. Hansma will surely clear it all up.

I am here to contribute. Anything just feel free to ask.

Do not give Steve Mauro (or anyone like him) any money for his "training".

Sorry for the confusion. It is a simple way for me to confirm if a normal 123 setup will hold, both for longs and shorts and even possible trend changes, as this pattern normally occurs at the lows or highs just before the trend might change direction. Look at the failed 123 as a warning signal that a trend change might be coming and you should wait and watch price action before entering new orders with the old trend.

This is why I use the 2 candles must close below or above point 2 (H or L) to tell me if it was a break of the last high/low or just a pullback. If 2
holds on the pullback from a normal 123 setup or sonic setup, then it is just a pullback and the trend will likely continue.

The failed 123 setup,however will be a countertrend trade setup at this point, the "dragon" will most likely be pointing in the wrong direction" whereas the normal 123 setup is with the trend, and the "dragon" should point in the same direction.


Normal setups Sonic system.

H L LH = Short (2) holds

L H HL = Long (2) holds

Failed normal setups - at this point countertrend. ( not part of Sonic system ) just to clearify.

L H LL = Long - dragon pointing down. Price goes above H (2). Entry on pullback to H. (2)

H L HH = Short - dragon pointing up. Price goes below L. (2) Entry on pullback to L. (2)


Hopefully the attached chart will provide some more info.


Regards,

H.

p.s sorry for the typo in the middle chart - should say LH instead of HL, on the normal 123 short setup.

reminds me of elliot wave.
but i get what your saying hansma

You seems to hold something against Steve. It's ok, I have a friend using his method too but he is losing big time. But I made a lot
I am now trying to understand why my friend loss so much even though we both using steve's method.

"Losing big time" is usually what happens... those "I will show you how to make money in the market for a hefty fee" deals are a rip off.
Steve Mauro is one of many. I am an equal opportunity hubris detector.

To be fair, I kinda get have Steve teaches about. It is an intuition thing. I spend at least 1 to 2 hours just looking at charts trying to understand what is really going on in the market before I decide whether there is a trade for me on the day. Total I would spend more than 6 hours looking at charts. Maybe it will sound insane to most people. But I have tried hell a lot of methods for the past 4 years, mentors or guru such as Bill Poulos, Hector, Raghee, Vic Noble, Peter Bain, MacX, John Bolingger, Steve Nison, Andrew Cardwell you name it, I write my notes too and hell a lot.

Many of the "systems" are deal on probabilities, which most of them are using mathematical formula to explain price action. Beside candlestick which can be use to explain psychology of the market, other indicators such as MACD, Stoch, RSI, TDI, %R, Fibs, Moving average explain strength base on price over time which does not really explain the psychology of the "bankers". These indicators give traders probabilities and are destined to fail traders who rely on them. How can you make babies when you have to guess which holes every time?

Steve Nison, Martin Cole, and Steve Mauro these people are doing something different. Successful traders see beyond the nitty gritty of all these indicators. Its my experience, I only put volume, daily pivots and worktime on my chart and i am able to trade from there.

Look at 15 Minutes charts the break to the low is confirmed but notice the break was with high volume. Do you think everyone wanna buy after a break to the low with high volume? And think, those who brought during the previous few days also saw this break. Won't you think they will scale out their longs? Logically the price should has gone down. A few moment later the market rallied with high volume. Who could have done something like this? The public or the bankers who want your money?

For me, Sonic R is simple but sometime made me confused too, so I added HAS 240 for my trend