Sonic R. System | Page 4002 | Forex Factory

Options

Go to
Permalinks
Print Thread

Similar Threads

Sonic R.evolution 95 replies

The System Behind the System, by Merlin Jeffries 16 replies

Old School Sonic System + Other Things 11 replies

Knife system, Vegas 4h system related questions. 4 replies

Would you trade this system? New system #2. 10 replies

Attachments: Sonic R. System
Exit Attachments

Sonic R. System

  • #80,021
  • Mar 21, 2015 10:13am Mar 21, 2015 10:13am
Quoting forexn00b
{quote} Trades closed with 58 + 22 + 38 pips profit - 118 pips total. Decided to close because I have to go away now and cant monitor the trades. I rather close with "small" profit than seeing red later. This is my first rule. {image} {image} {image} Regards FN
Quoting forexn00b
Today I wiped my profit from this week. Dont let your emotions and greed control you! This is a very hard lesson to learn. Happened not the first time, but I hope it was the last! Have a nice weekend Sonicers! Regards FN
Receive & Contribute

forexn00b,

First, I do feel for your loss. Second, do not let it be in vain; figure out what went wrong and what you can do about it in the future, if anything, because sometimes we can do nothing but exit our trade with a loss.

Thirdly, and important now to the thread, is that you failed to post the entries and exits of any subsequent trades you lost on. The post previous to your last post was about closing profitable trades. Nothing since then? How are the other members of the SonicR Team going to learn along with you from unprofitable trades you only refer to? They cannot see the circumstances of your trade entries nor exits. The function of this thread is to provide ongoing examples of the application of the Sonic R. System, regardless of how the trades complete. Win or lose, all are valuable illustrations from which we can all improve our learning here. You missed an opportunity to contribute to this thread. Understood?

-tah
  • #80,022
  • Mar 21, 2015 10:30am Mar 21, 2015 10:30am
Quoting traderathome
{quote} {quote} Receive & Contribute forexn00b, First, I do feel for your loss. Second, do not let it be in vain; figure out what went wrong and what you can do about it in the future, if anything, because sometimes we can do nothing but exit our trade with a loss. Thirdly, and important now to the thread, is that you failed to post the entries and exits of any subsequent trades you lost on. The post previous to your last post was about closing profitable trades. Nothing since then? How are the other members of the SonicR Team going to learn along...
Thank you Prof!

I will post my loosy trades when Im at my trading station. I had time to think about what went wrong. Simply I kept adding to red instead of cutting the losing trades. Bad habit, have to get rid of that. I had only bad trades on Friday, after a really good 320 pip green Thursday. Will complete my post as soon as possible.

Have a nice weekend!
Best regards
FN



Regards
FN
Stay green! FN
  • #80,023
  • Mar 21, 2015 11:48am Mar 21, 2015 11:48am
Overview of the Classic

The Sonic R. System is elegantly simple and effective. Failure to profit is not the fault of the Sonic R. System, but with the application of it. Here is a simple overview of applying it that might be a helpful refresher.....

1. London Session
2. Trend angled, or seemingly starting to angle
3. Dragon on right side of Trend (above for longs, below for shorts) and well angled (up for longs, down for shorts)
4. PA on right side of Dragon (above for longs, below for shorts)
5. PA wave, reasonably smooth and spaced, is crossing Dragon in the right direction (up for longs, down for shorts)
6. Best if you can see an overall picture of price having been initially launched (maybe even in previous day) from a whole or half number area.
7. Look to place TP at:

  1. area of previous PA consolidation (prolonged tight ranging)
  2. coinciding with pivots or whole/half Levels
  3. or tentatively at RDH/RDL or even RWH/RWL areas


Qualifying Classic Setups
The Overview above provides simple, but strict, rules. You will have to patiently hunt for setups of this quality, but you will be more profitable by doing so. Being less profitable comes from making these decisions....
1. Not waiting for the LS
2. Not waiting for the Dragon to cross the Trend
3. Not waiting for the Dragon to develop good angle
4. Not waiting for the PA to be on the proper side of the Dragon and Trend
5. Not waiting for a decent PA wave following the launch of PA from a key Level
6. Not waiting........!
7. .....and then waiting too long to TP,.........or SL!

Hope This Helps,
=tah

Attached Image (click to enlarge)
Click to Enlarge Name: Mar 2015 - 134.png Size: 45 KB
  • #80,024
  • Mar 21, 2015 2:19pm Mar 21, 2015 2:19pm
It's a great help TaH. Many thanks.

Enjoy the rest of your weekend.
  • #80,025
  • Mar 21, 2015 3:32pm Mar 21, 2015 3:32pm
Quoting traderathome
{quote} {quote} Receive & Contribute forexn00b, First, I do feel for your loss. Second, do not let it be in vain; figure out what went wrong and what you can do about it in the future, if anything, because sometimes we can do nothing but exit our trade with a loss. Thirdly, and important now to the thread, is that you failed to post the entries and exits of any subsequent trades you lost on. The post previous to your last post was about closing profitable trades. Nothing since then? How are the other members of the SonicR Team going to learn along...
So why did I fail on Friday? I violated one of my most important rules: do not add to the trade if its in red. When I entered GBPUSD short, the situation seemed a classic entry. Price went up previously about 500 pips, retraced, tried to break above RWH again but failed and dropped. I saw increasing selling volume and after that small retrace around 1.4780 I opened short when price went below dragon, added 3 more positions on the testbacks. But price started to climb up. I didnt close positions when I saw price broke through dragon and trendline. The mistake wasnt that I entered the trades but didnt close them with small loss and went long instead. I failed, because I trusted ("hoped") that GBP would keep going down against USD as in the last few months.

What I learned yesterday?

1. If market goes against you, close and forget, adapt to the current situation.
2. Dont be greedy, it will / could wipe your profit / account! Those 4 trades erased my weekly profit.
3. If you have your rules, obey them.

BUT! I dont mind losing, because In the last 3 weeks my accuracy was above 80%. Last week I had 20 consecutive winning trades thanks to this excellent trading system! I had to fall to feel how its like wiping a whole week work and learn from it.

Anyways, new week, new opportunities.

Have a great weekend everyone!
Regards
FN


Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot1.png Size: 56 KB
Stay green! FN
  • #80,026
  • Edited Mar 22, 2015 11:09am Mar 21, 2015 7:40pm | Edited Mar 22, 2015 11:09am
Quoting forexn00b
{quote} So why did I fail on Friday? I violated one of my most important rules: do not add to the trade if its in red. When I entered GBPUSD short, the situation seemed a classic entry. Price went up previously about 500 pips, retraced, tried to break above RWH again but failed and dropped. I saw increasing selling volume and after that small retrace around 1.4780 I opened short when price went below dragon, added 3 more positions on the testbacks. But price started to climb up. I didnt close positions when I saw price broke through dragon and trendline....
Thank You, and A Couple Suggestions.....

forexn00b,

Thank you for posting a summary of that trade. It is a post all Sonikers can learn from. This is the way of this thread!

Let me add also that Sonikers should not be rushing to enter a trade right at the start of the London Session. More often then not it is best to wait and let the MMs play some of their cards, which can take up to several hours sometimes. And, not to worry about this either, because if the MMs take price too deep into the planned run for the day, when the US session begins the MMs will frequently move price right back to the better area to resume loading up for the run!

Now, I have a couple of suggestions that will help you:

1. Remove the mini-charts. They do an excellent job of summarizing the past. They do nothing for trading the present. We cannot know how the MMs will move price next. PA history is good for helping to select TPs and we already have price history on our chart and plenty of help for that in the Access Panel features. The mini-charts add clutter, distraction and they have the potential to create in you a wrong bias. Remove the mini-charts.

2. Remove the SupDem indicator. It is a simplistic way to highlight the more obvious S&R/D&S areas, for which you have the actual price history already on your chart, also aided by the features of the Access Panel (Levels, Pivots and Range marks). You need to learn to read PA, not become indicator dependent, especially on one so simplistic as to pick only the most obvious of the PA highs and lows.

Frankly, the more crap that goes on a chart, the more it all tends to get the trader supposing things will happen which won't! If you want to see good price areas to which price will most likely return if it is sufficiently headed in that direction, just look at where the Climax PVA bars are! Take a closer look at your own charts and you will see the truth of this!

Our template provides everything needed. Period. What it cannot provide - no indicator can provide - is the trader's skill at reading price action. And that is a skill requiring screen time, which will be wasted if the trader is busy concentrating on indicators! Just look at pic. #2 attached. It is a bare bones chart intended to help highlight areas of price consolidation. You can easily see the correlation between past consolidation areas and future price targets. Really! It is that simple! But the features in our Access Panel also help zero in on TP possibilities: whole/half levels, pivots, Day/Week range H/L marks, especially when there is confluence amongst them or with the consolidation areas!

Keep in mind the Dragon-Trend indicator - the only price action indicator we use! - is only used as an arbitrary indication of momentum behind price movement. The logic in this should be obvious. Since we cannot know how the MMs will move price next, we trade the highest volume part of the day - London session - and wait for the setup stacking (Long = Trend up, Dragon up and above Trend, and PA above both. Short = Trend down, Dragon down and below Trend, and PA below both). This indicates we have the best chance that momentum will carry price further and that the trade will be reasonably profitable. But it is always only a "best chance". Why? It is because at any time the MMs can stop price, reverse it and take it as far at they want to in the opposite direction. However, in the LS, and with such "signs of momentum" as our setup shows us, the probabilities of a bad trade are minimized. Yes, there might be a stop hunt move - that can always happen - but the probability is that the trade will eventually complete profitably.

We Sonikers do not eat our apple pie from one crusty edge, then across to the other crusty edge. We take our big spoon and dip it right into the middle of the pie and enjoy the tastiest and most "fruitful" part of all, for however long it lasts!

-tah
Attached Image(s) (click to enlarge)
Click to Enlarge Name: Screenshot1.png Size: 56 KB
Click to Enlarge Name: Mar 2015 - 135.png Size: 36 KB
  • #80,027
  • Edited 11:07pm Mar 21, 2015 10:11pm | Edited 11:07pm
Lesson: The "Special" PA Wave

Weeks ago I mentioned the "special" PA wave as an "improper" PA wave, but with a redeeming quality that warranted it being considered a "proper" PA wave. The quality this PA wave has is that it reveals price being taken back to an excellent area for orders loading by the MMs. This means a move that negates the PA wave as being strictly a L-H-HL-HH for longs, or H-L-LH-LL for shorts because the third leg retraces past the start of the first leg. However, if the retrace is to a "special" area that is excellent for the MMs to load up for the trade, then the PA wave should be considered proper and "Special" too.

Here is an illustration from Friday. The special PA wave for a Classic short trade was formed by the MMs taking price back above the whole number after the US Session opened, presumably to fill more orders for short positions before their preplanned bear run for profits. Another thing to notice here is the yellow area marked with two red lines - the left facing triangle - formed by such a "special" PA wave. It is noted in some training materials (books, websites, videos, and "pay to be taught" classes) that left facing triangular PA tends to break to the down side. If this is true, then such a "special" PA wave might not be so good if it occurs as part of a Classic long setup. We will have to keep our eye on that situation, should it occur.

Also from this illustration, but as an aside regarding how previous PA consolidation areas are good for TP placement, you can see clearly how this was the case, especially when there is confluence with key S&R such as Range marks or whole/half Levels.
Attached Image (click to enlarge)
Click to Enlarge Name: Mar 2015 - 136.png Size: 33 KB
  • #80,028
  • Mar 22, 2015 4:00am Mar 22, 2015 4:00am
Hallo THA,

i will thanks you for the impayable lessons you hang on this forum, the last ones are wonderful, i'm very happy when i see your lessons and the ligh more and more clearly to be protitable on forex trading after many years of lossing and lossing.You showed a classic buy trade, please do the same for a short trade, i know is the opposite at de long trade but i like to read how you explain it.

TY, regards
  • #80,029
  • Mar 22, 2015 4:32am Mar 22, 2015 4:32am
Quoting traderathome
{quote} Thank You, and A Couple Suggestions..... forexn00b, Thank you for posting a summary of that trade. It is a post all Sonikers can learn from. This is the way of this thread! Let me add also that Sonikers should not be rushing to enter a trade right at the start of the London Session. More often then not it is best to wait and let the MMs play some of their cards, which can take up to several hours sometimes. And, not to worry about this either, because if the MMs take price too deep into the planned run for the day, when the US...
Dear TAH,


Thank you for your time an effort to write such an analysis! I will remove my unnecessary indicators from my template and try to read only from Sonic. Ive been using Sonic for a year now but I can say Im becoming more and more sufficient with it. Just need to learn from the mistakes and dont let them happen in the future.



Regards
FN
Stay green! FN
  • #80,030
  • Edited 10:32am Mar 22, 2015 10:14am | Edited 10:32am
Quoting mel3
Hallo THA, i will thanks you for the impayable lessons you hang on this forum, the last ones are wonderful, i'm very happy when i see your lessons and the ligh more and more clearly to be protitable on forex trading after many years of lossing and lossing.You showed a classic buy trade, please do the same for a short trade, i know is the opposite at de long trade but i like to read how you explain it. TY, regards
Lesson: "Scouting" for a Short Trade

mel3 and All Sonikers,

USDJPY presents an opportunity to show something that can help with the selection of Classics.

Look at pic. #1. Do you find a proper Classic short setup? Probably not, because there isn't one. However, if you read PA carefully you will see the obvious consolidation level used multiple times early last week before the MMs ran the price down on Wednesday. And, you will see that early in the London Session on Friday the MMs took the price back up to that consolidation area. But still, we do not see any Classic short setup on M15 because there is no proper PA wave,........or is there one and we just don't see it?
Attached Image (click to enlarge)
Click to Enlarge Name: Mar 2015 - 137.png Size: 27 KB


Look at pic. #2. Yes, there is a proper "Special" PA wave! Friday the MMs took the price right back up to that consolidation area - above a whole number - a PVSRA indication of bears going back up to fill orders for short positions.

Sonikers, our standard for the proper PA wave in our setup is a very strict standard. That is the way it should be to protect against trading lesser setups and losing money. But, as you can see in these posts, we are recognizing the existence of a "special" kind of improper PA wave. A PA wave that can indicate as good a setup as a proper PA wave can, because it denotes the probability the MMs are making a special effort at loading up for a trade!
Attached Image (click to enlarge)
Click to Enlarge Name: Mar 2015 - 138.png Size: 31 KB


There is something else I would like to point out of a somewhat different nature, but still regarding the PA waves we look for. Were it not for there being a "Special" PA wave we might assume that there was no Classic short setup, because during the London Session there is not a properly smooth and spaced out PA wave. However, if you drop down to the M5 chart, a completely different picture unfolds.

On M5 you can see a Classic short setup with a proper PA wave. And this setup is preceded by a series of bearish waves all the way down from the PA high above the whole number. So, sometimes when PA movement looks bullish or bearish on M15, and yet no Classic setup exists, try dropping down to the M5 chart and see what is there. Caution should be exercised when doing this on the M5 chart. It should only be done during the London Session, obviously. It can result in a EP .level that is "better". However, if you stop using M15 as criteria and simply use the M5 chart to look for Classic setups then you might start discovering that breakout runs are not sustained as long as you hoped for. In other words, M15 price action is an important part of deciding if to trade a Classic on M5.
Attached Image (click to enlarge)
Click to Enlarge Name: Mar 2015 - 139.png Size: 31 KB
  • #80,031
  • Edited 11:05am Mar 22, 2015 10:55am | Edited 11:05am
Open Letter to All Sonikers

Dear Sonikers,

My weekend posts have concentrated on the basics of the Sonic R. System, the Classic trade. When viewing the posted charts I understand that some of you, maybe most Sonikers might think to themselves that it is very easy to illustrate Classic trades after-the-fact, and that it is not nearly so easy to find and trade them profitably in real-time.

I will agree with this sentiment to a certain degree, but only because I recognize there are negative influences on our ability to see things in real-time. You see, in real-time we put ourselves under pressure that negatively affects our performance. We become impatient to trade. We become impatient to wait for a proper entry. We become impatient with PA that does not cooperate. And, after suffering all that we got ourselves into by being impatient, we decide those efforts will not go unrewarded and now we patiently stick with a "trade" that is failing!

So, I refer all Sonikers back to this post. Please read it again. Bookmark it for reading at the start of every trading session and at the conclusion of any failed trade. The Sonic R. System is elegantly simple and effective. If profit is not being made, it is due to miss-application:
http://www.forexfactory.com/showthre...25#post8154725

-tah
  • #80,032
  • Mar 22, 2015 12:18pm Mar 22, 2015 12:18pm
Naughty UJ is priming for something..


Sonic
Attached Image (click to enlarge)
Click to Enlarge Name: USDJPYDaily.png Size: 58 KB
  • #80,033
  • Mar 22, 2015 4:57pm Mar 22, 2015 4:57pm
Quoting leentjai
Opened Short Scout USD/JPY with TP&SL {image} {image} {image}
Closed Short USD/JPY +10205 p total
Attached Image (click to enlarge)
Click to Enlarge Name: usdjpy-m15-22o3c.png Size: 59 KB
  • #80,034
  • Mar 22, 2015 5:05pm Mar 22, 2015 5:05pm
Quoting forexn00b
{quote} So why did I fail on Friday? I violated one of my most important rules: do not add to the trade if its in red. When I entered GBPUSD short, the situation seemed a classic entry. Price went up previously about 500 pips, retraced, tried to break above RWH again but failed and dropped. I saw increasing selling volume and after that small retrace around 1.4780 I opened short when price went below dragon, added 3 more positions on the testbacks. But price started to climb up. I didnt close positions when I saw price broke through dragon and trendline....
  • #80,035
  • Mar 22, 2015 8:01pm Mar 22, 2015 8:01pm
GBPJPY Signal

You can see what happened after the previous times the MMs put the price above the 180.00 whole Level; nice bear runs. And, they did it again on Friday. Since it is early in the week, there is time for them to do this again. They might or might not. At the least, we should be patient until into the LS today. Let us see if the MMs take the price back up a ways for better filling of orders for shorts. Lets' let the MMs play some of their cards in the LS before we even think of placing our bets.

Right now, this is "tending" towards a Classic short setup; "tending", pre-LS, extremely early in week. Get the idea? This is a perfect "setup" for the MMs to suck in shorters way too early, and stop hunt them later, before their next planned bear run.

Patience does sometimes mean we miss a trade. I understand that. On the other hand, lack of patience costs a lot more! Lets' be patient on this one. Okay?

tah
Attached Image (click to enlarge)
Click to Enlarge Name: Mar 2015 - 140.png Size: 34 KB
  • #80,036
  • Mar 23, 2015 1:53am Mar 23, 2015 1:53am
Quoting traderathome
GBPJPY Signal You can see what happened after the previous times the MMs put the price above the 180.00 whole Level; nice bear runs. And, they did it again on Friday. Since it is early in the week, there is time for them to do this again. They might or might not. At the least, we should be patient until into the LS today. Let us see if the MMs take the price back up a ways for better filling of orders for shorts. Lets' let the MMs play some of their cards in the LS before we even think of placing our bets. Right now, this is "tending" towards a...
''Patience does sometimes mean we miss a trade. I understand that. On the other hand, lack of patience costs a lot more'' Wise words. Patience is a virtue
'Simplicity is the ultimate sophistication'
  • #80,037
  • Mar 23, 2015 2:57am Mar 23, 2015 2:57am
USDJPY classic long entry..TP not assigned yet
Attached Image (click to enlarge)
Click to Enlarge Name: USDJPYM5.png Size: 51 KB
  • #80,038
  • Mar 23, 2015 3:17am Mar 23, 2015 3:17am
USDCAD M15 classic long entered , no sl at the time...
Attached Image (click to enlarge)
Click to Enlarge Name: USDCADM15.png Size: 63 KB

Classic formed below the whole number 1.26000
Man lie, woman lie, numbers don't
  • #80,039
  • Mar 23, 2015 3:31am Mar 23, 2015 3:31am
EUR USD classic
dragon angle down, PA cross trend, LS
Attached Image (click to enlarge)
Click to Enlarge Name: EURUSDM15 23.3.2015.png Size: 55 KB
trading alone is lonely
  • #80,040
  • Mar 23, 2015 3:32am Mar 23, 2015 3:32am
USDCAD, USDJPY, EURUSD

Yeah, I was tempted. But I have decided to wait for setups where the Dragon is not only with good angle, but is on the right side of the Trend. Just like in post:
http://www.forexfactory.com/showthre...25#post8154725

tah
17 traders viewing now