Sonic R. System | Page 96 | 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

  • #1,901
  • Feb 19, 2009 10:04am Feb 19, 2009 10:04am
Quoting sonicdeejay
it was stress free...

Sonic
Sonicdeejay
Compliments on the development of this very good system!

Thanks
  • #1,902
  • Feb 20, 2009 2:56am Feb 20, 2009 2:56am
Quoting wallst500
Morning Guys,

Yesterday there was mention that we should watch upcoming news events more closely because it could potentially have a quite a large impact on any possible trades.

Another question was also asked about which news events impact a specific currency pair and to what extent.

I found a quite a nice indicator that displays upcoming news events with previous and...
Wallst500,

Thank you for your checklist and indicator. Because of your talent of doing methodical work and clear focus on the essentials you are enhancing the quality of the excellent work being done by Sonicdeejay . If you can make some kind of document on Sonicdeejay's ways of analysing waves with examples (which you seem to be quite capable of doing), we all will be thankful.
  • #1,903
  • Feb 20, 2009 3:17am Feb 20, 2009 3:17am
Quoting beachboy
hi guitar, your chart seem fine.
can you try to install on another broker? coz sometime the instalation of MT4 corrupted.

Thanks Beachboy

Ive just had another thought, could it be because Im with Alpari who now use 5 digit pricing?

I have another EA running from another board & had to modify to take account of this.

Tony
  • #1,904
  • Feb 20, 2009 3:21am Feb 20, 2009 3:21am
Quoting wallst500
Morning Guys,

Yesterday there was mention that we should watch upcoming news events more closely because it could potentially have a quite a large impact on any possible trades.

Another question was also asked about which news events impact a specific currency pair and to what extent.

I found a quite a nice indicator that displays upcoming news events with previous and...

Wallst500,

If you please come across any indicator which shows the candle which is going to be affected by news based on timing (different color ) please do post. thanks again
  • #1,905
  • Feb 20, 2009 3:25am Feb 20, 2009 3:25am
Quoting sonicdeejay
a nice run up to the resistance...

http://www.forexfactory.com/attachme...1&d=1235048822

Sonic
I warned the possible reversal of EU abt 20 Hrs ago...as it is hittinh resistance of 1.273x...
Know where the support and resistance...it becomes clearer once view from Higher TF...
and use Sonic R as the entry... You will be miles ahead of other headless chicken...
Attached Image(s) (click to enlarge)
Click to Enlarge Name: shi1.gif Size: 28 KB
Click to Enlarge Name: shi.gif Size: 17 KB
  • #1,906
  • Feb 20, 2009 4:48am Feb 20, 2009 4:48am
Quoting pj9100
Wallst500,

If you please come across any indicator which shows the candle which is going to be affected by news based on timing (different color ) please do post. thanks again

Hi pj9100,

I have not been able to find exactly what you were looking for, but I have found a very comprehensive news reader indicator on forex-tsd.com.

Here is the the link: http://www.forex-tsd.com/news-signal...ewsreader.html

Just a warning this indicator will make your platform a little bit slower than normal.

Also be sure to read the thread and judge for yourself
Attached File(s)
File Type: ex4 ! IN10TION NewsReader v09.92 lite.ex4   113 KB | 555 downloads
File Type: tpl ! IN10TION Total.tpl   3 KB | 481 downloads
File Type: tpl ! IN10TION LittleSpecial.tpl   3 KB | 485 downloads
File Type: tpl ! IN10TION OnlyClock.tpl   3 KB | 478 downloads
  • #1,907
  • Feb 20, 2009 5:33am Feb 20, 2009 5:33am
Quoting wallst500
Hi pj9100,

I have not been able to find exactly what you were looking for, but I have found a very comprehensive news reader indicator on forex-tsd.com.

Here is the the link: http://www.forex-tsd.com/news-signal...ewsreader.html

Just a warning this indicator will make your platform a little bit slower than normal.

Also be sure to read the thread and judge for yourself
Wallst500

Thanks. Yes you are right. This indicator is full of bugs and creates problems. Pls stay away from it. I am looking for a simple indicator which warns traders (by changing color or some kind of pointer ) to note that data releases will be made during that candle period so that traders can stay away or those who want to trade need to check the calender. It has to be simple indicator and not like in10tion newsreader.
  • #1,908
  • Feb 20, 2009 12:41pm Feb 20, 2009 12:41pm
Quoting sonicdeejay
I warned the possible reversal of EU abt 20 Hrs ago...as it is hittinh resistance of 1.273x...
Know where the support and resistance...it becomes clearer once view from Higher TF...
and use Sonic R as the entry... You will be miles ahead of other headless chicken...
Good teaching, Sonic. Thanks.
  • #1,909
  • Feb 21, 2009 12:54am Feb 21, 2009 12:54am
Quoting sonicdeejay
I warned the possible reversal of EU abt 20 Hrs ago...as it is hittinh resistance of 1.273x...
Know where the support and resistance...it becomes clearer once view from Higher TF...
and use Sonic R as the entry... You will be miles ahead of other headless chicken...
Sonic
Are you looking for tests of S/R then trade away from them or breaks through S/R and going with the break?
  • #1,910
  • Feb 21, 2009 1:36am Feb 21, 2009 1:36am
Quoting emacro
Sonic
Are you looking for tests of S/R then trade away from them or breaks through S/R and going with the break?
Normally this S&R from Higher TF <aka> PPZ .... are meant for TP....as I would have already taken a position before the major move...
This is PPZ will normally not be broken easily..they are like a concrete wall...

so it is good for one to know where they(PPZ) are....
this is how one should trade....


Sonic
  • #1,911
  • Feb 21, 2009 4:14am Feb 21, 2009 4:14am
You trade this system also in ASIA Session ?

Regards
{Promotion Removed}
  • #1,912
  • Edited 5:10am Feb 21, 2009 4:59am | Edited 5:10am
Hi Guys,

I have personally found that Bobokus fib tool (http://www.forexfactory.com/showthread.php?t=50767) is great for determining important S & R levels.

I start by determining Daily S & R levels and work my way down to Intraday levels.

I then check for confluences and convergences between the different TF's, eventually I end up with a "zone" of levels which I will use for everything from entry, TP and stops.

When price action enters these "zones" I use Sonic R's excellent system as a very accurate trigger/entry (I also check for significant patterns that occur at the confluence/convergence levels).
Attached Image (click to enlarge)
Click to Enlarge Name: gbpchf 20 feb.gif Size: 31 KB
  • #1,913
  • Feb 21, 2009 6:08am Feb 21, 2009 6:08am
Quoting Yahoomt4
You trade this system also in ASIA Session ?

Regards
Normally..I do not even look at the chart during Asian Session,,,and do other things...

Sonic
  • #1,914
  • Edited 2:35pm Feb 21, 2009 2:22pm | Edited 2:35pm
Quoting wallst500
Hi Guys,

I have personally found that Bobokus fib tool (http://www.forexfactory.com/showthread.php?t=50767) is great for determining important S & R levels.

I start by determining Daily S & R levels and work my way down to Intraday levels.

I then check for confluences and convergences between the different TF's, eventually I end up with a "zone" of levels which I will use for everything from entry, TP and stops.

When price action enters these "zones" I use Sonic R's excellent system as a very accurate trigger/entry (I also...
The problem I find with the Barry authored S & R indicator is that it does not carry forward previous levels into the current screen. So even though there may be a support level below from an earlier time (off the chart now), it will not show for you to evaluate as a possible exit target....such as the 1.6553 area shown on your attached chart. That S & R level would not have appeard until AFTER the price got down there!

This means you must have gone back on the charts, or used larger TF charts, to evaluate what previous lows might still be strong enough to be relevant should the PA start moving down. This is a daunting task.

Another way is to use the Bollinger Bands. From the attached first chart, you can see the Fibonacci Extension tool applied to a Dual Pinch (2 BB pinching simultaneously) to get fib levels for exit targets. The first Dual Pinch could have got you into the trade around the 100% level easily enough...at 1.6900, and given 162% and 262% exit targets of 1.6874 and 1.6831. In this range another Dual Pinch took over enabling re-entry around 1.6838 and provided exit targets down to the 638% level at 1.6730...albeit the PA spiked much lower. In fact, after the spike down and move back up, yet another inner BB pinch set up for re-entry at or above 1.6678 and gave exit targets down to the 638% level of 1.6550.

Using BBs is not complicated. It is a way of obtaining "predicted" exit levels without needing "now off the chart history."

In the manner you traded, you absolutely needed to evaluate history and somehow muster up some confidence in what much earlier support levels could be counted on, in order to stay in the trade that long.....long enough to brave hanging on until the 1.6550s while endangering your profits to the risk of a sudden reversal before ever reaching that target. At least with BBs you have generated "predictors" that are based on CURRENT PA activity. And if their exit target levels happen to coincide with earlier supports, then you can have that much more confidence in it all.

Based on the second chart, and using past S & R for reliance, the trader would more likely have exited at 1.6712, or more daringly hung on for 1.6678, and not likely have risked gains at that point to "go for broke" down to final lows.
Attached Image(s) (click to enlarge)
Click to Enlarge Name: screenshot #21.gif Size: 38 KB
Click to Enlarge Name: screenshot #22.gif Size: 28 KB
  • #1,915
  • Feb 21, 2009 8:28pm Feb 21, 2009 8:28pm
Glad to see you guys...support/sharing and making pips...

Sonic

http://jj.am/gallery/d/67139-1/Morgan_freeman_KFC.gif
  • #1,916
  • Feb 22, 2009 3:48am Feb 22, 2009 3:48am
Quoting sonicdeejay
Normally this S&R from Higher TF <aka> PPZ .... are meant for TP....as I would have already taken a position before the major move...
This is PPZ will normally not be broken easily..they are like a concrete wall...

so it is good for one to know where they(PPZ) are....
this is how one should trade....


Sonic
Further question is whether you consider TL & PPZ in deciding on 'entry into the major move'?
  • #1,917
  • Feb 22, 2009 6:05am Feb 22, 2009 6:05am
Quoting emacro
Further question is whether you consider TL & PPZ in deciding on 'entry into the major move'?
I catch no ball...buddy
show with graph??

Sonic
  • #1,918
  • Feb 22, 2009 7:20am Feb 22, 2009 7:20am
Hi traderathome,

I don't use Barry's S&R, it is the SuperSR7 indicator and I don't use this indicator either to determine S & R. I use it merely as a visual aid and not to base entries, targets or stops.

I use the Bobokus fib tool to draw fib retracements and extensions. And you are quite right that I base my trading on past history how else would I know where do draw the fibs, determine past support and resistance levels etc etc etc.

One of my trading rules is to trade what I see and NOT what I think.

I saw an entry based on Sonic R's system and my intraday fib levels confirmed the short trade. So I took it, simple as that. Once the trade was approx +50p I moved my stop loss to breakeven and every 15m candle after that I moved my stop with the lower EMA, luckily for me the trade reached both TP levels ( and both TP levels were determined by the intraday fib levels).

As the famous song goes :"You gotta know when to hold 'em and know when to fold 'em". Well I held this one...and it turned out alright.
Attached Image (click to enlarge)
Click to Enlarge Name: gbpchf 20 feb.gif Size: 31 KB
  • #1,919
  • Feb 22, 2009 8:55am Feb 22, 2009 8:55am
Hi Sonic and everyone
Thanks for sharing your system, I just decided to use your system, afther I tried different systems i found that this is the best for me. I must say that I have tried several systems but I was not satisfied, now I have found you and this seems like a simple and good. I trade live and I will Now tray this system.

The main issue here that interested me is that: What is your experience with this system whether it is better to use it for 5 min or 15 min chart. I am satisfied with 50 pips a day, but all over is great.
Your opinion are important to me and you pray for help, thank you very much.

  • #1,920
  • Feb 22, 2009 9:27am Feb 22, 2009 9:27am
Quoting sinisabrkic
[size=3][color=Red]Hi...
sonic is a very persistent guy!
i noticed him since the height of OZFX system..

and now..look to what he has achieved!

all the best sonic!

pop
{Promotion Removed}
15 traders viewing now