Hello Traders! Today, we’re diving deep into the Sonic Trading System with an exciting review of one hour’s worth of trades. We’ll analyze all the action that took place between 11:00 AM and 12:00 PM on Friday, August 30th.
If you’re curious about what this system can do, or if you have any questions, feel free to reach out to us at support@daytradetowin.com.
Before we get started, it’s important to remember that trading involves significant risk. Never trade with funds you can’t afford to lose. With that in mind, let’s jump into the trades!
Understanding the Sonic Trading System
The Sonic Trading System is designed to provide clear signals for entries, targets, and stops, making it a favorite among traders who want a structured approach to trading. On the charts, you’ll see signals indicating whether to go long or short. The green and red lines mark the targets and stops, respectively.
Here’s a quick overview of the trades we analyzed:
- A Winning Start: Early in the hour, there was a long trade that successfully hit its target.
- A Minor Setback: The next trade was a short position that unfortunately was stopped out.
- Back on Track: At around 10:40 AM, a long trade hit its target with ease.
- Success Continues: A short trade at 10:55 AM also successfully hit its target.
These examples highlight the Sonic system’s ability to deliver consistent results, even with a mix of long and short trades.
Maximizing Trading Efficiency
One of the key takeaways from this session is the importance of focusing on specific trading windows rather than trading all day. As a day trader, it’s more effective to pick a few hours to trade rather than sitting in front of your computer for five or six hours. In fact, within the first two to three hours of trading, you should aim for 8 to 10 trades. If you’re not up for the day, remember that there’s always tomorrow.
The Sonic Trading System allows you to see how effective it can be within just one hour. If you haven’t already, consider signing up for a free member account at daytrade.com. You’ll gain access to valuable resources like videos, the ABC indicator, and other tools that can help you improve your trading.
The Mechanics Behind the Sonic System
The Sonic Trading System operates with two main alerts: Alert 1 and Alert 2. These alerts appear on the chart at specific prices, telling you when to enter long or short. Typically, these signals occur at the close of a candle, and they’re accompanied by corresponding target and stop lines. You can adjust these targets and stops based on the Average True Range (ATR).
Most traders set the ATR between 75% and 100%, though you can go higher for larger targets. Keep in mind that smaller targets are more likely to be hit quickly, often within 5 to 10 minutes.
For example, a new short signal at 10:55 AM was successfully executed at the specified price, and the target was quickly reached. This kind of precision is what makes the Sonic system appealing to both novice and experienced traders alike.
Versatility and Adaptability
The Sonic Trading System isn’t just for one-minute charts. It’s flexible enough to be used on tick charts, range charts, and even longer timeframes like 30-second or 5-minute charts. Traders have reported positive experiences using the Sonic system on various platforms, including NinjaTrader and TradingView.
Moreover, the system incorporates a useful filter, represented by a dotted line on the chart, which helps identify whether trades should be taken to the long or short side based on price action. This filter is especially beneficial in strong trending markets, ensuring that you don’t fight the prevailing trend.
Wrapping Up
In the one-hour period we reviewed, the Sonic Trading System generated about ten trades, all of which appeared to be winners. If you’re intrigued by what you’ve seen and want to learn more, visit daytradetowin.com. Consider joining our upcoming mentorship class, where you can learn how to trade price action alongside experienced traders.
Until next time, happy trading!
