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Sonic R. System

  • #1,921
  • Feb 22, 2009 10:48am Feb 22, 2009 10:48am
Quoting wallst500
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...
Wallst500, would you mind posting the fib tool(s)? There are so many at that site. I'd like to compare what you are using to those in the Sonic Template. Thanks.
  • #1,922
  • Feb 22, 2009 11:43am Feb 22, 2009 11:43am
Hi traderathome,

I have attached the template file and a brief explanation of how to use these levels.

I have also attached the Bobokus v2 indicator, although I personally do not use this. I prefer to manually analyze fib levels and S & R.

I hope this tool can help us all make a few extra pips
Attached File(s)
File Type: tpl fib tool template.tpl   5 KB | 623 downloads
File Type: pdf Fibtoolbasics.pdf   555 KB | 1,058 downloads
File Type: pdf bobokus.pdf   488 KB | 1,290 downloads
File Type: mq4 BobokusFibo_v2.mq4   8 KB | 693 downloads
  • #1,923
  • Feb 22, 2009 11:59pm Feb 22, 2009 11:59pm
Quoting wallst500
Hi traderathome,

I have attached the template file and a brief explanation of how to use these levels.

I have also attached the Bobokus v2 indicator, although I personally do not use this. I prefer to manually analyze fib levels and S & R.

I hope this tool can help us all make a few extra pips
Thank you, Wallst500.
  • #1,924
  • Feb 23, 2009 6:33am Feb 23, 2009 6:33am
Quoting sinisabrkic

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.


For your case..to I will suggest 5M TF...it is pretty normal to achieve 50 pips and above....I do not recommend 15M TF as u SL will be bigger/wider...

But

there is a drawback....
EMA in 5 M TF can give some weak/bad signals....which EMAs in 15M TF will give u pretty quality ones.. I use 15M TF on mine..

Test it out in demo to see if which TF u will be more comfy with..

Sonic
  • #1,925
  • Feb 23, 2009 6:59am Feb 23, 2009 6:59am
this system can be better
No Magic, Just basic fundamental chart analysis
  • #1,926
  • Feb 23, 2009 7:04am Feb 23, 2009 7:04am
Quoting sonicdeejay
For your case..to I will suggest 5M TF...it is pretty normal to achieve 50 pips and above....I do not recommend 15M TF as u SL will be bigger/wider...

But

there is a drawback....
EMA in 5 M TF can give some weak/bad signals....which EMAs in 15M TF will give u pretty quality ones.. I use 15M TF on mine..

Test it out in demo to see if which TF u will be more comfy with..

Sonic

Thank you very much for your reply,I will tray both although for now I think I better work for 5 minutes as you like you have said because of the small number of pips that I catch.
Thank you once again

  • #1,927
  • Edited 8:04am Feb 23, 2009 7:51am | Edited 8:04am
Quoting NathanSim
this system can be better
well..u r welcome buddy...to increase the percent of winning..

I have no restriction on how the ppl here set-up chart should be like...

what I am preaching here is the flows of how the markets move...

Sonic
  • #1,928
  • Feb 23, 2009 8:10am Feb 23, 2009 8:10am
Quoting sinisabrkic

Thank you very much for your reply,I will tray both although for now I think I better work for 5 minutes as you like you have said because of the small number of pips that I catch.
Thank you once again


Cool..buddy...
as I nag along...Do share your setup and trade with the graph attached..with the reasons why u trigger...

By doing this....
U will notice...urself that u r following the proper rules of urself...getting a win trade most of the time....

Sharing is caring...
Sonic
  • #1,929
  • Feb 23, 2009 4:24pm Feb 23, 2009 4:24pm
MY EU trade yesterday,,,,
a near +200 pips in total...

Later guys....
Sonic
Attached Image(s) (click to enlarge)
Click to Enlarge Name: shi.gif Size: 24 KB
Click to Enlarge Name: shifull.gif Size: 24 KB
  • #1,930
  • Feb 23, 2009 5:25pm Feb 23, 2009 5:25pm
Hi Sonic & friends...You have done a great work here !
I am new and would like to learn from u.
Sonic...it will be of great help for me and for newbies if u can add any type of mark to show us the exact entry/exit point.
I have some questions :
1. Do u use the Stealth LCD V10 indi...what about the fact that repaints?
2. I understand that in order to enter short u must wait that the CCI indi becomes brown ...I have marked a green rectangle in which the CCI color is white. Is that correct ? is not enough the CCI is below cero , it must become brown , correct ? What about the yellow bar ,
Can I enter on it ?
3. At the yellow CCI bar , the candle was green ... does it mean we pass on it ?
4. Is candle 1 the 1st candle we can enter ? In candle number 1 the NVO indicator is blue , bellow cero ... so we pass on it ?
5. So finally is candle 2 the 1st option to enter the trade ?
6. I understand the exit is when the price close above the 34EMA ?
Do u close your posisition along the trade or it's one close ?
7 .Can u explain about the marks I place inside the pink circles.
I think they also repaint (?) How do u use them ? where can i read more about them ?
8. Regarding the CCI indi ...at cero line we have red and green dots...
do I need to take this into consideration ?
9. According to the system , we are supposed to still be in a short position as the price did not close above the 34 EMA , correct ?
Thanks a lot again
David
Attached Image (click to enlarge)
Click to Enlarge Name: q1.gif Size: 72 KB
  • #1,931
  • Feb 23, 2009 7:51pm Feb 23, 2009 7:51pm
hi sonic,

Hows everything. Steady ya?

I like to ask a few questions. I was using the roadmap template before using your recent template that you post. I did saw the EU entry yesterday evening. I probably would enter if i using the roadmap template. The difference is he using the 50MA compared to your black moving average. However, i ponder because of several things.

1) Does your price need to closed below the black moving average? Beacause the post 1 with the pdf by fratenelli did mention closed below 50 ma. Since i using your template. Does it need to closed below the black moving average.

2) Why did your entry is near the below of the ema? Shouldnt the entry be below several pips from the last swing low? or your wave analysis tells you that it is really going to form a LL

3) Just to confirm. I assume that is a countertrend as your 1 hr shi is sloping up. right?

4) Your two stoploss means you open two lots for two different profit taking is it?

Let me know if you prefer me to explain my questions on the chart. No mt4 on the pc at the moment

Greatly appreciated.
vincent
  • #1,932
  • Feb 23, 2009 11:40pm Feb 23, 2009 11:40pm
I got ard 150pip echp from EU shot and EG short from my EA too bad i run on my demo account.

i will try to upload th picture tonite.




by the way possible EU long entry
Attached Image (click to enlarge)
Click to Enlarge Name: 24 feb long.jpg Size: 83 KB
  • #1,933
  • Feb 24, 2009 2:13am Feb 24, 2009 2:13am
Quoting sonicdeejay
MY EU trade yesterday,,,,
a near +200 pips in total...

Later guys....
Sonic
why did u trade this??

Enoch
  • #1,934
  • Feb 24, 2009 2:21am Feb 24, 2009 2:21am
Quoting sonicdeejay
Cool..buddy...
as I nag along...Do share your setup and trade with the graph attached..with the reasons why u trigger...

By doing this....
U will notice...urself that u r following the proper rules of urself...getting a win trade most of the time....

Sharing is caring...
Sonic
Hi Sonic

Is this correct i am long here on this previous blue candle?
Attached Image (click to enlarge)
Click to Enlarge Name: eurusd m15.gif Size: 55 KB
  • #1,935
  • Feb 24, 2009 2:25am Feb 24, 2009 2:25am
Quoting vincentlim
hi sonic,

Hows everything. Steady ya?

I like to ask a few questions. I was using the roadmap template before using your recent template that you post. I did saw the EU entry yesterday evening. I probably would enter if i using the roadmap template. The difference is he using the 50MA compared to your black moving average. However, i ponder because of several things.

1) Does your price need to closed below the black moving average? Beacause the post 1 with the pdf by fratenelli did mention closed below 50 ma. Since i using your template. Does...

Hi you sad recent template! Which recent template I am not sure that I know for it!
  • #1,936
  • Feb 24, 2009 3:29am Feb 24, 2009 3:29am
Quoting sinisabrkic
Hi you sad recent template! Which recent template I am not sure that I know for it!
I meant the one sonic post #1782. Everything same. No changes.
  • #1,937
  • Feb 24, 2009 5:37am Feb 24, 2009 5:37am
Quoting vincentlim
hi sonic,

Hows everything. Steady ya?

I like to ask a few questions. I was using the roadmap template before using your recent template that you post. I did saw the EU entry yesterday evening. I probably would enter if i using the roadmap template. The difference is he using the 50MA compared to your black moving average. However, i ponder because of several things.

1) Does your price need to closed below the black moving average? Beacause the post 1 with the pdf by fratenelli did mention closed below 50 ma. Since i using your template. Does...
How bro?? How IB??..I heard there will be pay cut??

Busy here man...working under the Sun..Meeting on vessel..everyday 9 AM... checking the site whole day...
Ans in Blu...

Sonic

http://www.forexfactory.com/attachme...1&d=1235427825
  • #1,938
  • Feb 24, 2009 5:38am Feb 24, 2009 5:38am
1) Does your price need to closed below the black moving average? Beacause the post 1 with the pdf by fratenelli did mention closed below 50 ma. Since i using your template. Does it need to closed below the black moving average.
My Black EMA is 89..it is for my visual guide of genral trend..not a signal rule..

2) Why did your entry is near the below of the ema? Shouldnt the entry be below several pips from the last swing low? or your wave analysis tells you that it is really going to form a LL
Ya,,My entry was early..lured but Big Red candle in my higher TF 4H chart..

3) Just to confirm. I assume that is a countertrend as your 1 hr shi is sloping up. right?
Ya..SHI can't be considered as trend direction as well as boundary; upper and lower...

4) Your two stoploss means you open two lots for two different profit taking is it?
Yes..I trade 2 lots...it comes with 2 SL and 2 TP..



How bro?? How IB??..I heard there will be pay cut??

Busy here man...working under the Sun..Meeting on vessel..everyday 9 AM... checking the site whole day...
Ans in Blu...

Sonic

http://www.forexfactory.com/attachme...1&d=1235427825
  • #1,939
  • Feb 24, 2009 6:23am Feb 24, 2009 6:23am
lol...confirmed cut already.
lots of shutdown coming soon.
probably more time to learn.

shiok siao. Work and suntan. hard to find.
just watch out for safety and dont anyhow put
your signature. enjoy
  • #1,940
  • Feb 24, 2009 6:27am Feb 24, 2009 6:27am
Quoting sinisabrkic
Hi Sonic

Is this correct i am long here on this previous blue candle?
Manage ur Trade..now...
I suppose u hav a right entry

Sonic
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