Sonic R. System

sh@@t, it was one of the clearest setups for short for me, but Master saw stopping vol and I afraid to take it. Let's see how my TP's will work

Is it possible or is it totally against to sonicR rules ?

Told cha

Sorry for EP, I'm beginner and learning yet and like to get some advice. Next time I'll post with EP too

My first successful trade

I was on same trade earlier this day, but closed it. It's against bigger timeframe trend trade, but setup itself is looking good. Goes by the rules as I see it.

Thanks JRissa I'll try to look the higher timeframe on next time

CHFJPY entered short

Whenever Ben gonna appears.. Precious metals always get beaten down..


Sonic

Entered short:

Looks good on higher timeframe too but I think I made some mistake. Don't know yet what exactly.

Told cha

Unbelievable, but my TP was too high I guess.

Told cha

Maybe my TP is too high/low, but I'm learning yet and at the moment these TP-s are enough to me

as for me:
EurJpy - TP (+90)
GbpJpy - TS at pullback (+28), was super close to TP :/
GbpUsd - manual close (+34), also pulled back super close to TP (greedy Art haha)
AudUsd - manual close (0) - I didn't like PA and general direction on other pairs
EurGbp - SL (-26), if it was one pip higher I'd have TP instead...

TOTAL: +125 for today...

anyway, good day for me and good lesson
cheers to all Sonic'Rs, I'm out
Art.

For those who are asking how to use Volume indicator. This is the post by TAH some months before.
Copying here from someother post by Shooter
http://www.forexfactory.com/showthre...20#post6253320

Please, do not just assume a strong red/bear candle and an associated tall red volume bar means that the price will then go "north", as you said. The price might just soon cease to go further down, and move sideways for quite some time before going more in one direction or the other. In other words, you could just be looking at "stopping" volume.

Don't take what I'm about to say as gospel, but let's consider moves logically for a moment. Assume the market has already loaded up shorts at some higher price, and the price has been really dropping. One would expect at some point the market is going to start closing those shorts, which would entail a lot of buying activity. This could result in a long red candle and an associated tall red volume bar. This could be the "stopping" volume, with the end of the price drop near at hand. Sometimes that is all there is, meaning the market has shorted, closed for profit and has nothing more to say at the moment. At some point, right away or later, the market may decide to reverse, be bullish and load up on longs. This also might entail a lot of buying activity. This could result in a long green candle and an associated tall green volume bar. This could be "starting" volume, beginning the price ascent.

It would be nice if things were so simple, so easy to spot the near end of runs with tall red candles and volume bars, and the starting of price ascents with tall green candles and volume bars. But, alas, the market is never so accomodating. For one thing, if the buying associated with closing the shorts starts at/near the bottom and drives the price up from there, then the candle and volume bar will be green! And "starting" volume might be a red candle/volume bar, caused by the market diving the price as their maneuver to go long/do heavy buying. So, the colors take second priority to the location. If tall candles/volume bars occur after somewhat of a run down, it could be "stopping" volume, whether red or green. And if price has been ranging awhile and suddenly there is a tall candle/volume bar, it could be "starting" volume, whether red or green. But with this latter case, you have to wait to confirm which direction PA is taking, because "red" could mean PA is going down or up, and "green" could mean PA is going up or down! The market does not make things easy for the sheep it intends to at least fleece, if not butcher.

In the final analysis, tall candles associated with high volume are significant events, but not to be immediately traded. It is wiser to be patient and view follow-on PA. In that manner one might more assuredly say, for example, "The market put in a strong bottom." and have more assurance in a subsquent Sonic R. long setup. In other words, we use price/volume information not to immediately trade, but to wait and confirm what the market did; to get a sense of what the market sentiment is. And then we remember that information when the next Sonic R. setup forms. Is the Sonic R. setup and last confirmed market sentiment compatible?

For example, suppose a strong bottom was made (tall candle and volume bar, either color), and price then went sideways. We might assume the market closed shorts. No longer bears, but neither is there a sign the market is bullish. Suppose later we see, during ranging, a tall candle/volume bar. Either color could mean either direction, so we need to see what that direction is. But it is a sign that either the market is loading longs or loading shorts again. We won't know until later which it is. And meanwhile, PA might give us a headfake, a false Sonic R. setup that starts and quickly reverses. Unfortunately, there is just no way to know in advance. If the setup runs, fine. If the setup reverses, hits your SL, fine too, because now we know the true direction and the run is real because, after all, the market did load up didn't it? This is the nature of trading. And the bottom line is, trade what you see, and be quick to react to PA reversals if you have already noted that the market prepared in advance for a run. You know there is a run coming because you saw the tall candle/volume bar suddenly occur during ranging. You just had to wait for the market to show the direction, and unfortunately you maybe had to suffer a headfake before the market revealed the true direction.

To summarize, the end or near end of runs (up or down) can be associated with tall candles and volume bars, i.e., "stopping" volume. The beginning of runs can also be associated with tall candles and volume bars, but the direction of these candles does not have to be the same as the direction of the eventual run. We must wait for the market to show us. And this is a time when the market might employ the head fake strategy to sheer the sheep for more profits. Too sad, but that is the way it is. The good news is if high volume preceded a Sonic R. setup that reverses, then the odds are greatly improved that market has finally shown it's true sentiment and the game is still afoot.

For all Sonicers questioning how to use volume, I hope this helps."

Possible re-entry GBP/USD short:

I'm short on EU with +120 pips I will hold my position targeting 4H resistances 1.2820 to 1.2750. I found that we can keep our positions since the dragon and the trend line are far from current price. if they are close I start to look to close my position and look for long setup or keep it running.

By the way AUDUSD is building a good setup too.

Thanks b-aniss valuable information Actually I didn't take it into consideration earlier. Just beginner yet

Very helpuful post about volume..thankyou

hi all I'm new to the thread I think qie liked this strategy is very good and I thank the creator of the thread for it and members who contributed an antler this day, I am a full-time trader since 2011 and I will be here all the mornings here with you liked me to grab the system from time to contribute comensare, sorry for my English