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Sonic R. System

  • #1,941
  • Feb 24, 2009 7:07am Feb 24, 2009 7:07am
I have read this thread, and would like to acknowledge Sonic for sharing this wonderful idea.

However, I am still unsure about how to use the FIBs.

Is it looking if price retraced from certain fib levels? Please kindly explain how you use the FIBS to filter your trades. Thank you very much.
  • #1,942
  • Feb 24, 2009 7:20am Feb 24, 2009 7:20am
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?
I mainly depends on CCI...but I do not think LCD repaint..

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 ?
What we look here is CCI below horizontal line 0 or not... do not care abt yellow or brown..anyway.u can see(backtest) the action how the yellow or brown bar is created...

3. At the yellow CCI bar , the candle was green ... does it mean we pass on it ?
Anyway..ur SELL stop will not be taken yet as your entry should be few pips below the low og the candle..

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 ?
NVO is general guid to see the vol indication...go read prev examples...

5. So finally is candle 2 the 1st option to enter the trade ?
No..I will be Selling it...once CCI below.. 0...near ur green rectangle box area..

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 ?
I trail the position or TP at the certain support level...this is where Pivot indicators come in handy...

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 ?
yes.. SHI repaint...

8. Regarding the CCI indi ...at cero line we have red and green dots...
do I need to take this into consideration ?
red and green dot is considered for re-entry...go read examples..

 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 ?
No really..go read..ur question 6's answer...

Thanks a lot again
David

http://www.forexfactory.com/attachme...1&d=1235431297
  • #1,943
  • Feb 24, 2009 7:26am Feb 24, 2009 7:26am
Quoting sonicdeejay
Manage ur Trade..now...
I suppose u hav a right entry

Sonic

Thank you a lot of Sonic
I'm a closed trade 30 + I know that I could be even more to make but I am new to your system so that is why I have slowly but surely, until I learn.
Thank you once again for such nice a system.

  • #1,944
  • Feb 24, 2009 7:42am Feb 24, 2009 7:42am
Sorry I dunno where to upload my pictures.

But I think there is a trade coming up on the GBPJPY.

Please correct me if I am wrong.
  • #1,945
  • Feb 24, 2009 7:50am Feb 24, 2009 7:50am
Quoting sonicdeejay
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?
I mainly depends on CCI...but I do not think LCD repaint..


http://www.forexfactory.com/attachme...1&d=1235431297
Sonic
Can you please tell me how do you define levels (Pivot, suports, re ...) whether they calculate with pivot point calculator manualy or use Pivots indicator, and if you have PP indicator can you please put it on the forum that I can download it . Do you use the Daily pivots or and Weekly and Monthly.
  • #1,946
  • Feb 24, 2009 8:18am Feb 24, 2009 8:18am
My first post in this forum--just found this thread a few days ago and immediately recognize the quality--I am a newbie but have learned so much about Price Action and Trend Analysis by reading this thread.

What a generous thing for you to do, Sonic--to make your time and knowledge so available to help others. I hope that I can contribute back.

My "problem" is that I live on Pacific Coast of US so London open, around which I see best trading opportunities, is at midnight here. To get best trades, need to change sleep schedule.

Now I begin demo trades so will see if I can apply Sonic's ideas. . Here are 2 examples of trades today EUR/USD.

First trade I wonder whether S/L is too big.

The second one I used preset TP at ~50 pips to be safe and because I did not see any S/R. SHI boundaries, etc. nearby. As it happens, this is where price stopped anyway.

Any comments welcome.
Attached Image (click to enlarge)
Click to Enlarge Name: 2-24-09 Sonic trades EurUsd.jpg Size: 161 KB
  • #1,947
  • Feb 24, 2009 11:10am Feb 24, 2009 11:10am
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
Wallst500, that Fibtools pdf doc. is corrupted and will not open. Can you repost a working version?
  • #1,948
  • Feb 24, 2009 12:06pm Feb 24, 2009 12:06pm
Hi traderathome,

If this pdf doesn't work try downloading it from the Bobokus thread directly.

http://www.forexfactory.com/showthread.php?t=50767

Regards

wallst500
Attached File(s)
File Type: pdf Fibtoolbasics.pdf   555 KB | 1,064 downloads
  • #1,949
  • Feb 24, 2009 12:11pm Feb 24, 2009 12:11pm
EurUsd on 15M chart shows possibilities. First low and first high in. PA is in area to make a higher second low. If it does, then a move towards and thru first high may be acceptable entry long. Just an opinion.....already late in day and even if we get the start of a run, maybe it will go nowhere.
Attached Image (click to enlarge)
Click to Enlarge Name: screenshot # 01.gif Size: 28 KB
  • #1,950
  • Feb 24, 2009 12:12pm Feb 24, 2009 12:12pm
Quoting wallst500
Hi traderathome,

If this pdf doesn't work try downloading it from the Bobokus thread directly.

http://www.forexfactory.com/showthread.php?t=50767

Regards

wallst500
Thanks....it is working.
  • #1,951
  • Feb 24, 2009 12:21pm Feb 24, 2009 12:21pm
Quoting traderathome
EurUsd on 15M chart shows possibilities. First low and first high in. PA is in area to make a higher second low. If it does, then a move towards and thru first high may be acceptable entry long. Just an opinion.....already late in day and even if we get the start of a run, maybe it will go nowhere.
And these L-H-L's are already in place (see boxed arrows).....
Attached Image (click to enlarge)
Click to Enlarge Name: screenshot # 02.gif Size: 28 KB
  • #1,952
  • Feb 24, 2009 12:43pm Feb 24, 2009 12:43pm
Quoting traderathome
And these L-H-L's are already in place (see boxed arrows).....
Trade opened and closed. Too late in day to risk letting it run with such a good, quick profit.
Attached Image (click to enlarge)
Click to Enlarge Name: screenshot # 03.gif Size: 26 KB
  • #1,953
  • Edited 2:19pm Feb 24, 2009 1:08pm | Edited 2:19pm
In spite of time of day, this looks strong. Re-entered higher and am targeting 1.2956, based on BB extensions on the 30M chart.
Edit: Again, due to late time in session, I am targeting 1.2900 for exit, the 100% Fib. Ext. level on the 30M chart.
Edit: PA pullback to test previous high (see second chart).
Attached Image(s) (click to enlarge)
Click to Enlarge Name: screenshot # 05.gif Size: 23 KB
Click to Enlarge Name: screenshot # 06.gif Size: 31 KB
  • #1,954
  • Feb 24, 2009 7:35pm Feb 24, 2009 7:35pm
Quoting cardinale
My first post in this forum--just found this thread a few days ago and immediately recognize the quality--I am a newbie but have learned so much about Price Action and Trend Analysis by reading this thread.

What a generous thing for you to do, Sonic--to make your time and knowledge so available to help others. I hope that I can contribute back.

My "problem" is that I live on Pacific Coast of US so London open, around which I see best trading opportunities, is at midnight here. To get best trades, need to change sleep schedule.

Now I begin...
Hi,

You can try using Fibonacci tool to determine your TP. Alternatively, you can use daily S&R to spot it or you can use bigger timeframe to check for PA. I always use Fibonacci for my TP. It works for me.

I noticed that your MT4 chart is short of daily point indicators. You can add on to it so that they can use for your TP too.
Attached File(s)
File Type: mq4 Pivots Daily.mq4   15 KB | 431 downloads
May the pips be with me !!!
  • #1,955
  • Feb 24, 2009 11:33pm Feb 24, 2009 11:33pm
Quoting beachboy
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
Attachment
EU long with +82 pip gain.
Attached Image (click to enlarge)
Click to Enlarge Name: 25 feb 2009.jpg Size: 84 KB
  • #1,956
  • Feb 25, 2009 12:33am Feb 25, 2009 12:33am
Sonic,

ask a permission to add my arsenal using ur system..

wanna ask something..how bout to enter a trade? pics attch..

http://i39.tinypic.com/293geaq.gif

i can only enter when the price break the bands..or..

http://i40.tinypic.com/fuarma.gif

maybe im late for enter the trade ( 1st picture ) and i try to catch the trade. so im waiting for the next bearish candle..place a sell stop at low of the last bearish candle body or i should place a sell stop @ the same rule like the 1st pic?

thks buddy
  • #1,957
  • Feb 25, 2009 2:22am Feb 25, 2009 2:22am
EurUsd 30M chart shows Bollinger band squeezed and PA looking like an impending break up as it hovers in the PPZ (price pivot zone) created by multiple past hits into this price area. It looks like if this does break up that it could move 100 pips or more.
Attached Image (click to enlarge)
Click to Enlarge Name: screenshot # 16.gif Size: 27 KB
  • #1,958
  • Feb 25, 2009 3:15am Feb 25, 2009 3:15am
Quoting Maxoxide
Sonic,

ask a permission to add my arsenal using ur system..

wanna ask something..how bout to enter a trade? pics attch..

http://i39.tinypic.com/293geaq.gif

i can only enter when the price break the bands..or..

http://i40.tinypic.com/fuarma.gif

maybe im late for enter the trade ( 1st picture ) and i try to catch the trade. so im waiting for the next bearish candle..place a sell stop at low of the last bearish candle body or i should place a sell stop @ the same rule like the 1st pic?

thks buddy

Isn;t it happened in 11 PM ESt..which is Asian Session...??

Sonic
  • #1,959
  • Feb 25, 2009 5:06am Feb 25, 2009 5:06am
Hi,

How do u see the overall trend?

do u trade wif the trend or do u trade 1,2,3?

thx
  • #1,960
  • Edited 5:52am Feb 25, 2009 5:19am | Edited 5:52am
Quoting forexlearner
Hi,

How do u see the overall trend?

do u trade wif the trend or do u trade 1,2,3?

thx
1,2,3 (aka wave analysis) with Sonic Dragon aka EMA bands... that shows the trend, my trend..


Sonic
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