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Sonic R. System

  • #46,441
  • Apr 17, 2013 3:24am Apr 17, 2013 3:24am
Quoting Islander
Yes, that's the one that I am talking about and is attached to this chart On my charts, I like to have S&R levels that have been used in earlier history and back in my old thread, a regular wrote this little indicator that updates any rectangle that you draw - provided you name it SR-1 or 2 or 3 etc - and it changes its colour for support or resistance. Some might find it useful. {image} {file}

If Sonicers wanting to do Scout trades, the chart example of Islander's Scout trade is an excellent example of a Scout trade if the Down Arrow represents a Short entry.
This is with a lower risk and then it also follows the first ABC-down wave for the Short with a Lower High.
  • #46,442
  • Apr 17, 2013 3:41am Apr 17, 2013 3:41am
Probably completely wrong but I am watching GJ again for another down move.

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Katte, kabuto no o wo shime yo. Size doesn't matter, leverage is the killer
  • #46,443
  • Apr 17, 2013 3:43am Apr 17, 2013 3:43am
Re: #46,440

Closed shorts after the push just below the 129.00 level on very high volume....later bought as the 00 levl held as a Higher Low.....just banked at 129.55 - again, high volume

That's it for posting right now as I trade intra day and need to bank my pips - that's why Medici and I had to stop posting.
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Trading Levels with WRBs
  • #46,444
  • Apr 17, 2013 3:52am Apr 17, 2013 3:52am
Hello everyone!
How many pip gives this system a month approximately? What is likely to hit? What timing is better, in 30 or 15 minutes?

Greetings!
  • #46,445
  • Apr 17, 2013 4:13am Apr 17, 2013 4:13am
Jolodo

To save you from a tirade of abuse can I suggest you read the threads first 10 or so pages then perhaps the last 10 before asking (as an absolute mininum).
Katte, kabuto no o wo shime yo. Size doesn't matter, leverage is the killer
  • #46,446
  • Apr 17, 2013 4:27am Apr 17, 2013 4:27am
Quoting Islander
Re: #46,440 Closed shorts after the push just below the 129.00 level on very high volume....later bought as the 00 levl held as a Higher Low.....just banked at 129.55 - again, high volume That's it for posting right now as I trade intra day and need to bank my pips - that's why Medici and I had to stop posting. {image}

Islander, I used to read some of your and Medici thread but it became inactive.

Your current chart of exiting EJ is very sound logic.

Hope to see more of your charts here at SonicR.
  • #46,447
  • Apr 17, 2013 4:56am Apr 17, 2013 4:56am
Revoli Hello!

I read all those threads already, but what I know is that as I go with this system, and especially with the last template THA. I see there are people who use it 15 minutes and others with 30min.
I'm studying but I have some things never clear as Sonic the use of VSA, green and red bars. If someone could clarify how the use ...

Thank you very much!
  • #46,448
  • Apr 17, 2013 5:03am Apr 17, 2013 5:03am
Quoting Islander
Re: #46,440 Closed shorts after the push just below the 129.00 level on very high volume....later bought as the 00 levl held as a Higher Low.....just banked at 129.55 - again, high volume That's it for posting right now as I trade intra day and need to bank my pips - that's why Medici and I had to stop posting. {image}
Islander. Please post more (if it does not offend others on this thread). It is useful to see how different people apply SonicR to their everyday trades and empowerment through shared knowledge is the name of the game as far as I am concerned.

I am out now probably for the day as I amde target and am not able to guarantee I will make it back to my terminal later so am doing homework instead. Thought I would try to get my head around volume analysis a bit more. Anyone like to comment on my homework? Apologies for the scrawl, I am old school mixing modern technology with electronic quill - love it.

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Katte, kabuto no o wo shime yo. Size doesn't matter, leverage is the killer
  • #46,449
  • Edited 5:50am Apr 17, 2013 5:19am | Edited 5:50am
Quoting sonicdeejay
Over all.. I am still bullish in EU and still hold my long.. The only thing that I am watching closely is the bar "in circle".. It is "Yao Ming" Bar with big volume... It can be piercing bar for more upside or stopping vol bar for bears.. Sonic P.S Trading isn't about prediction, it is about decoding what mkt tell you and follow along.. {image} {image} {image}

See if, this scenario coming true??

BTW.. I have Long From 1.308x and 1.316x ..

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Sonic
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  • #46,450
  • Apr 17, 2013 6:15am Apr 17, 2013 6:15am
Quoting jolodo
Revoli Hello! I read all those threads already, but what I know is that as I go with this system, and especially with the last template THA. I see there are people who use it 15 minutes and others with 30min. I'm studying but I have some things never clear as Sonic the use of VSA, green and red bars. If someone could clarify how the use ... Thank you very much!
I am no Sonic expert but I would recommend you go with original model, ie 15 minute. But with all systems most of it comes from a traders individual experience developed over years of practice. Stick with 15 min, trade demo on that following the more classic 15 posts you see here. Read, read, read (this thread and others). Also look at the senior members more esoteric and variant posts (or variant members esoteric posts perhaps) to pick up some of the more interesting ways they are looking at trading this system. Dont rely on anyone elses returns except your own.
Katte, kabuto no o wo shime yo. Size doesn't matter, leverage is the killer
  • #46,451
  • Apr 17, 2013 6:40am Apr 17, 2013 6:40am
EJ 17 April M5 trade:

Took a quick scalp +22pips then decided on re-entry with different new R (2%) and position size.
This trade is now BE at entry price waiting for NYO.
Will look at PA and decide to move stop and protect 1R (2%) at TP1.
PA is now at Prev D Fibr-r 23.6%, and my concern now is Prev D Fib-r 38% level 127.85.
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Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #46,452
  • Apr 17, 2013 6:44am Apr 17, 2013 6:44am
Quoting JRissa
Took short too earlier based on volume analysis. High volumes on higher prices.
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{image}
Closed short scout EU trade.
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I know the secret...
  • #46,453
  • Apr 17, 2013 6:48am Apr 17, 2013 6:48am
Quoting jolodo
Revoli Hello! I read all those threads already, but what I know is that as I go with this system, and especially with the last template THA. I see there are people who use it 15 minutes and others with 30min. I'm studying but I have some things never clear as Sonic the use of VSA, green and red bars. If someone could clarify how the use ... Thank you very much!

jolodo,

since you've read all the posts, now you have to decide on whether you want to be a scalper, or an intraday trader or a swing trader.
The number of pips per month is not important and you must first learn what is risk 'R' for each trade and what is the return in terms of that risk 'R'.

No two traders will achieve the same results trading the same system. A trader with 300pips win may earn more money than a trader who make 1000 pips in the same period traded.

Look at the attached pic below and ask yourself what you understand from it. Which of the trend do you want to trade?
Attached Image
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #46,454
  • Apr 17, 2013 6:56am Apr 17, 2013 6:56am
Update
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  • #46,455
  • Apr 17, 2013 7:02am Apr 17, 2013 7:02am
Wish I had set this up as a proper Sonic instead of a 40 pip scalp. Still as they say better to be out of a trade wishing you were in than in a trade wishing you were out.

None of the pairs being talked about here (EU, EJ and GJ) are showing much volume at this level. Is this a sign of potential further falls? Too early to tell I suppose. A decent retrace on opening followed by another leg down might be tempting but not sure I have the guts to trade this one live - would hate to spoil a good day.

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Katte, kabuto no o wo shime yo. Size doesn't matter, leverage is the killer
  • #46,456
  • Apr 17, 2013 7:39am Apr 17, 2013 7:39am
Quoting sonicdeejay
See if, this scenario coming true?? BTW.. I have Long From 1.308x and 1.316x .. Sonic {image}

It playout out... Now bouncing at 1.313x LWH area..

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Sonic
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  • #46,457
  • Apr 17, 2013 7:41am Apr 17, 2013 7:41am
short sonicR reentry
MM still favor on bear
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FROM ZERO TO HERO
  • #46,458
  • Apr 17, 2013 7:59am Apr 17, 2013 7:59am
Quoting forexisfine
short sonicR reentry MM still favor on bear {image}
Not sure I like that GJ short anymore. Sonics EU long bounce is getting my attention though. Possible volume building bouncing around on that previous support and resistance line. I may live to regret it but a long with a tight mental stop enterred. Apologies for the different chart. I use THV to time entries using SonicR as my early warning system.

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Edit:
In the money stop as it looks to be stalling
Katte, kabuto no o wo shime yo. Size doesn't matter, leverage is the killer
  • #46,459
  • Apr 17, 2013 8:15am Apr 17, 2013 8:15am
Quoting sonicdeejay
It playout out... Now bouncing at 1.313x LWH area.. http://www.youtube.com/watch?v=-KCBLA-fuVw Sonic {image}

The first mouse got to the cheese, but it is the second mouse who will get to enjoy it....
Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #46,460
  • Apr 17, 2013 8:21am Apr 17, 2013 8:21am
R.I.P Chi Cheng..

Thank for the Memories..

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Sonic
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