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Sonic R. System

  • #41,941
  • Dec 11, 2012 5:51am Dec 11, 2012 5:51am
Simplicity is he ultimate.....

What a load of rubbish. Your sytem isnt simple.

I give you simplification. Price action is the only way.

I trade 5 - 8 hrs a night (from Australia) looking for 10 -20 trades a night. I only need 1 more winner a night than a loser. I invariably do so. No $$cken indicators.
  • #41,942
  • Dec 11, 2012 5:58am Dec 11, 2012 5:58am
Quoting Shooter150
Entered long EurUsd

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EurUsd hit my TP +38 pips

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" Support/Resistance is your friend .. and TREND your girlfriend .. "
  • #41,943
  • Dec 11, 2012 6:15am Dec 11, 2012 6:15am
Quoting Shooter150
Entered short UsdChf

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UsdChf manually closed +21

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" Support/Resistance is your friend .. and TREND your girlfriend .. "
  • #41,944
  • Dec 11, 2012 6:21am Dec 11, 2012 6:21am
Quoting alrightfrank
watch out both uchf and eu are on top of the dragon, ive been waching this as well but playing it cautiously.
Thanks Alrightfrank .. just now open forexfactory and see your post .. thanks for the advice
" Support/Resistance is your friend .. and TREND your girlfriend .. "
  • #41,945
  • Dec 11, 2012 6:52am Dec 11, 2012 6:52am
Quoting shaneo
Simplicity is he ultimate.....

What a load of rubbish. Your sytem isnt simple.

I give you simplification. Price action is the only way.

I trade 5 - 8 hrs a night (from Australia) looking for 10 -20 trades a night. I only need 1 more winner a night than a loser. I invariably do so. No $$cken indicators.
then this thread is not for you wise guy, why bother to waste time just to post your rant. "10-20 trades a night!!!" goodluck LOL!
  • #41,946
  • Dec 11, 2012 7:37am Dec 11, 2012 7:37am
Quoting shaneo
Simplicity is he ultimate.....

What a load of rubbish. Your sytem isnt simple.

I give you simplification. Price action is the only way.

I trade 5 - 8 hrs a night (from Australia) looking for 10 -20 trades a night. I only need 1 more winner a night than a loser. I invariably do so. No $$cken indicators.

10-20 trades within 5 - 8 hrs..?? Ur broker must love u alot..

http://images.wikia.com/ben10/pt/ima...ga-d4kpe13.jpg

Sonic
  • #41,947
  • Dec 11, 2012 8:13am Dec 11, 2012 8:13am
Shooter doin real well at this wave analysis I seem to pick the wrong legs of the wave all the time. I've had a few where I picked them out right, but I haven't been able to have consistency yet.
  • #41,948
  • Dec 11, 2012 9:48am Dec 11, 2012 9:48am
Quoting Mezzy
Shooter doin real well at this wave analysis I seem to pick the wrong legs of the wave all the time. I've had a few where I picked them out right, but I haven't been able to have consistency yet.
Thanks Mezzy ..

Don't worry if you are not profitable consistency.. nobody are all the time..
You are in the correct thread... so it's matter of time to be profitable( that's my opinion) .. ..
" Support/Resistance is your friend .. and TREND your girlfriend .. "
  • #41,949
  • Dec 11, 2012 10:37am Dec 11, 2012 10:37am
EU hit.. 1.30xx..
Nice place to tp or move SL @ BE..

Sonic
  • #41,950
  • Dec 11, 2012 12:04pm Dec 11, 2012 12:04pm
that's my trade for today.. seems to go well .
GbpJpy long

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  • #41,951
  • Dec 11, 2012 12:15pm Dec 11, 2012 12:15pm
Quoting Turtleman
that's my trade for today.. seems to go well .
GbpJpy long

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close my position +20
By the way, again nice trades Shooter, congrads .. !

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  • #41,952
  • Dec 11, 2012 12:46pm Dec 11, 2012 12:46pm
shooter seems to be doing well in knowing how to draw the right wave atleast can someone share with us when the wave forms so that we can enter on time to make profit?

Quoting Shooter150
UsdChf manually closed +21

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  • #41,953
  • Dec 11, 2012 1:06pm Dec 11, 2012 1:06pm
Quoting traderathome
AJ: Added a Scout trade, short. Following the first two USD high impact releases, the Market jacked prices around on some pairs (and might not be finished). This price manipulation has affected this pair. Seems like a good opportunity to increase this position, as I'm sure the Market is doing (speculation). The mental SL remains mental.
AJ: Added 2nd Scout (trade #3) as US market pushed the price up past RDH late in the day. Several AUD releases come out in the next asian session. My thinking is the market is getting the price up ahead of them. Of course, this running up of the price might not stop here. It could go further, but I can't watch things 24 hours a day. So I'm betting my last entry on this short trade here and now.
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  • #41,954
  • Edited 2:29pm Dec 11, 2012 1:40pm | Edited 2:29pm
Quoting Mezzy
Shooter doin real well at this wave analysis I seem to pick the wrong legs of the wave all the time. I've had a few where I picked them out right, but I haven't been able to have consistency yet.
Mezzy, you've been on Forex Factory for about a month now. You started in another thread, came to the Sonic R. System and were consistently posting here for awhile, and now are posting on the other thread again more frequently. Trading profitably is not "easy". You will need to settle down and focus. The Sonic R. System is elegantly simple, but we individually can complicate it for ourselves and get less desireable results. The key is learning how the market moves prices, how PA reacts around key S&R. In it's essence, the Sonic R. System is about seeing the right combination of setup (good PA wave and good Dragon angle) and positioning of setup around key S&R. For this we focus on PA waves and where they are in relationship to important S&R, which can result in a good, profitably tradeable move. And we use the Dragon in a couple of ways, including the angle of the Dragon to help assure market momentum and an unhurried entry to avoid head fakes.

And developing the focus required, and the basic Sonic R. System skills is by no means instantaneous. It is a process that takes time, and can take more time if we complicate things by trying to split our attention, or by trying to add to, or in any way change the method to suit ourselves, thinking we are doing ourselves a favor when we are not. I know these statements to be valid, because I have made all the kinds of "mistakes" that there are to be made. And I continue to wrestle with some of them. So, you see I am not holding myself higher, and as an authority. Instead, I am suggesting that part of becoming a successful trader has nothing to do with the "method", and has everything to do with our own personality and habits we develop that are fostered by our personality. In a way, let's say that we need to focus not only on learning the Sonic R. System skills, but also on re-molding ourselves to function better as a trader.

Back to the basics, look at the attached two pics. The M15 shows the day opens with ranging that continues into the LS. This ranging has the natural S&R half number as support area. The Dragon angle remains good. The LS executes a price breakout. The H1 confirms the succession of higher HLs, a good angle on the Dragon, and an obvious breakout level. These are things to be looking for, combinations of key elements that either start to fit together or do not. And developing the skill/discipline to be looking for them, and nothing else, is part of our "personality work" we must undertake.

I hope this helps.
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  • #41,955
  • Dec 11, 2012 1:46pm Dec 11, 2012 1:46pm
Quoting berich
shooter seems to be doing well in knowing how to draw the right wave atleast can someone share with us when the wave forms so that we can enter on time to make profit?
No this is not a signal service.

*looks around for approval*
  • #41,956
  • Edited 4:31pm Dec 11, 2012 1:54pm | Edited 4:31pm
TAH, I'm still active here, reading every day, and practicing sonic setups. I really like the lower time frame and alot of aspects of Sonic system. However I've been demo trading for 2 years, and the other thread is the first method I learned to trade with. I'm not mixing them, they are seperate methods. It's true I've only had a FF account for a short while, I spent most of my time lurking and on Babypips.

I really appreciate your guidance. The problem I'm having with Sonic setups is the wave. It seems to be based on elliot's principles, but I'm always picking the wrong side. For instance, I pick a Low point, a High point, then a lower High, I think its going to go short (lower highs = downtrend right?) but then the price goes back up off it, and then makes a higher high off that lower one, and keeps going up.

I'll post a pic in a little bit, I have some work to do then once I'm done I'll be able to go over my charts to visualize my words. (I'm posting at work.)

Again I really appreciate everyone (especially you) for your guidance and feedback.

Edit/Upload: Since no new posts: Here is an graphical representation of how my sonic trades usually go. Obviously I'm doing something wrong. But I feel I'm close. No? Input much appreciated.

Thoughts: obviously when you look at past data its easy to pick out the right setup. But picking a setup as it is happening, is a bit more difficult. To the right of my setup after my SL was hit, the same wave pattern forms and follows to my TP area. This is what I'm having troubles with. I feel like I have the right idea, just something is lacking in execution.


Quoting traderathome
Mezzy, you've been on Forex Factory for about a month now. You started in another thread, came to the Sonic R. System and were consistently posting here for awhile, and now are posting on the other thread again more frequently. Trading profitably is not "easy". You will need to settle down and focus. The Sonic R. System is elegantly simple, but we individually can complicate it for ourselves and get less desireable results. The key is learning how the market moves prices, how PA reacts around key S&R. In it's essence, the Sonic R. System is about...
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  • #41,957
  • Edited 5:03pm Dec 11, 2012 4:49pm | Edited 5:03pm
Quoting Mezzy
TAH, I'm still active here, reading every day, and practicing sonic setups. I really like the lower time frame and alot of aspects of Sonic system. However I've been demo trading for 2 years, and the other thread is the first method I learned to trade with. I'm not mixing them, they are seperate methods. It's true I've only had a FF account for a short while, I spent most of my time lurking and on Babypips.

I really appreciate your guidance. The problem I'm having with Sonic setups is the wave. It seems to be based on elliot's principles, but...
Ok, based on your chart you picked an entry about an hour before the end of the US session, and on a Friday! And if you expected the price to go higher, you might also have expected that once the next week first asian session got underway, those trading outfits might also expect the price to go higher. And if they were to come to that expectation, then it would be natural for them to first peg the price lower so they could get better priced longs by which to profit once the price might go higher.

Convoluted? You have to think about such things if you are going to enter a trade outside of the recommended hours for entering a trade (and on a Friday?), because those outside hours can be where a lot of outfits jockey the price around to advantage themselves in accumulating either longs or shorts, whatever they think will make them money once the big boys next take control of prices (LS).

This is not to say that occassionally a good looking setup for an asian run can't actually turn out good. Occassionally one can, but rarely (if ever) on a Friday setup for a run to take place at the start of the next week! Your bread and butter is via entering good setups in the LS.
  • #41,958
  • Dec 11, 2012 5:03pm Dec 11, 2012 5:03pm
Ah I was just posting an example of a pattern. I usually dont trade friday. Funny that my example picked on a friday.
90% of my trades are Tue-Thur, If I'm in monday or friday its just for a few pips and im out.

But honestly I'll pick the same trade on say wednesday, and the same thing will happen to me.

The asian session is also the only one I can be at my pc for. Wish I could actively trade the london but it's not possible for me atm.
  • #41,959
  • Edited 5:29pm Dec 11, 2012 5:12pm | Edited 5:29pm
Quoting Mezzy
Ah I was just posting an example of a pattern. I usually dont trade friday. Funny that my example picked on a friday.
90% of my trades are Tue-Thur, If I'm in monday or friday its just for a few pips and im out.

But honestly I'll pick the same trade on say wednesday, and the same thing will happen to me.
Ok, then you find one like that, and then take a good look at where the significant S&R areas are, and where the setup is in relationship to them. If you get a setup near one (say a bounce is what might happen) and the next S&R up is a nice ways away, then you have a setup worth trading. Can there be a head fake and the price go not for a bounce, but for a collapse down thru S&R? Yes. And that is where sensible money management comes in. The market is more than capable of reversing PA in order to take money from others, and it frequently does just that. And your best protection against this is to have good angle on the M15 Dragon and a good looking H1 chart to go with it. And that might mean not trading a lot of what otherwise might look like good setups (many of which will run ok). Be picky.

And I do refer you back to the two pics. that I posted. This was a very clear situation, well established before the breakout actually occurred. And if you can learn to look for such as this before trading, to develop the skill to look and find them when they do exist before PA breaks out, I believe your trading will be profitable. Key S&R might not always stand out on the H1 chart. You might have to ID S&R from a Daily, or even a Weekly chart. The H1 chart, however, is a good chart to use in conjunction with the M15 once you do ID S&R, and show it on the H1 chart.
  • #41,960
  • Dec 11, 2012 5:49pm Dec 11, 2012 5:49pm
Much appreciated TAH.

I think something just clicked. I've been going for wave and price action, but forgetting the relationship/distance from SR levels..

I'll be going through my trade journal tonight to be sure.
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