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Sonic R. System

  • #3,901
  • Edited 8:24pm Jul 20, 2009 8:12pm | Edited 8:24pm
Update from my yesterday entry...

TP1 hit.with +90 pips..Now SL @BE now..

http://www.collider.com/uploads/imag...nal_poster.jpg

Sonic
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  • #3,902
  • Jul 20, 2009 8:26pm Jul 20, 2009 8:26pm
Quoting traderathome
It has come to my attention thru posts here, that the MT4 real-time Experts log has been flagging this indy as having an invalid integer, etc.

I found in the original indicator, the code lines that cause this and have removed them. As far as I can tell, neither the 'flagging' of these code lines nor their removal affects the proper operation of this indicator.

Because some may be using/preferring the original indy, while others may be using 'upgrades', I am re-posting a new series of this indy as follows, all of which contain the 'fix':

NVO_v1,...
Thx for ur gr8 help..Sir..
We need gr8 contributors like you...

Sonic
  • #3,903
  • Jul 20, 2009 8:28pm Jul 20, 2009 8:28pm
Quoting Basber
I Usually Trade Within UK & US Session, I Take Position Out Of This Time If And Only If It's Really Tempting And It's Really a Good Setup And It's Confirmed By PA. (Like The Trade I Had Last Night On E/J)
Just My Opinion

Regards,
Basber
Basber,

I am trying to learn. What about the PA in the weekly TF that prompted you to take the E/J trade last night?

Kind Regards
Lmarti21
  • #3,904
  • Jul 20, 2009 9:27pm Jul 20, 2009 9:27pm
Morning people!

Here is my humble opinion on the prey today.

As always, opinions, disagreement is heartily welcome.
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Starting to see instead of just looking.
  • #3,905
  • Edited 10:23pm Jul 20, 2009 10:05pm | Edited 10:23pm
EU M15: Once again, in the asian session unfortunately, it looks like entry time. But, with the Frankfurt and London opens 3 and 4 hours from now, PA could be pushed by either back up towards highs again, even if overall it is intended to go down. Hard call. But there are two nice targets: one at the Weekly mR3 level around 1.4145 (about 100 pips down from highs), and the second around the next lower whole number from there....around 1.4100, noting that S2 = 1.4007 and yLow = 1.4095 and that this area is about 150 pips off the highs, which makes it a reasonable second target area.

The first thrust down, below the 89 sma, was on relatively high volume. Now PA has been lifted back up on lighter, decreasing relatiave volume, which seems to say they saved the price from dropping further and hiked it back up for another thrust down later on heavier volume again. Question is, will it go down from this area, or further up first......

The H4 chart shows a couple of candles reflecting 'indecision' and then followed by a bearish candle, and now a current candle that again shows indecision (but which maybe just due to them waiting for the Frankfurt open before making any further moves).

Any comments are appreciated.
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  • #3,906
  • Jul 20, 2009 10:25pm Jul 20, 2009 10:25pm
Some serious Resistance areas on EUR/USD around the 1.4200 on the daily way back in 1995.
How valid this will be today is not certain.
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Starting to see instead of just looking.
  • #3,907
  • Edited 1:01am Jul 21, 2009 12:48am | Edited 1:01am
Quoting traderathome
EU M15: Once again, in the asian session unfortunately, it looks like entry time. But, with the Frankfurt and London opens 3 and 4 hours from now, PA could be pushed by either back up towards highs again, even if overall it is intended to go down. Hard call. But there are two nice targets: one at the Weekly mR3 level around 1.4145 (about 100 pips down from highs), and the second around the next lower whole number from there....around 1.4100, noting that S2 = 1.4007 and yLow = 1.4095 and that this area is about 150 pips off the highs, which makes...
http://static.forexfactory.com/forex...1&d=1248145548

2 things...

1. See Grey rectangle..it seems like a nice support if ever the price goes down...so TP1 should be there..

2. SL should be abit higher..see red line

Well..I am not trading this one for now...
As for the rest, let the mkt decide..
Sonic
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  • #3,908
  • Jul 21, 2009 12:55am Jul 21, 2009 12:55am
Quoting traderathome
EU M15: Once again, in the asian session unfortunately, it looks like entry time. But, with the Frankfurt and London opens 3 and 4 hours from now, PA could be pushed by either back up towards highs again, even if overall it is intended to go down. Hard call. But there are two nice targets: one at the Weekly mR3 level around 1.4145 (about 100 pips down from highs), and the second around the next lower whole number from there....around 1.4100, noting that S2 = 1.4007 and yLow = 1.4095 and that this area is about 150 pips off the highs, which makes...
Good morning,

I'm down with this pair as well. The reason - I saw an inverted hammer yesterday on 4H TF + the Price on 15M TF now formed H-L-LH and all Sonic signals line up. My EP is @ Daily pivot, SL @ 1.42300. TP1 @ S1 (1.4141) TP2 @ 1.4100

Thank You!
  • #3,909
  • Jul 21, 2009 1:19am Jul 21, 2009 1:19am
Quoting sonicdeejay
Talk a look at important S&R levels...

Sonic

i am out wif tis pair.

here comes the E/u
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trade safe
  • #3,910
  • Jul 21, 2009 1:35am Jul 21, 2009 1:35am
hello guyz i m back after long weekend......here is my today both trads of setup .......feel free and coments
thnx
Muhammad
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FxHome
  • #3,911
  • Jul 21, 2009 1:39am Jul 21, 2009 1:39am
im the same trade with Muhammad 989 on GU ..
  • #3,912
  • Jul 21, 2009 1:51am Jul 21, 2009 1:51am
Quoting lmarti21
Basber,

I am trying to learn. What about the PA in the weekly TF that prompted you to take the E/J trade last night?

Kind Regards
Lmarti21
There Was A Double PB (Or/And an Inside Bar), Usually If There Is A Weekly CandleStick (Or PA) , At Monday, Price Will Respond To It.

Regards,
Basber
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Trading methods are designed to put the odds in our favor, not predicting.
  • #3,913
  • Jul 21, 2009 1:51am Jul 21, 2009 1:51am
Quoting sonicdeejay
http://static.forexfactory.com/forex...1&d=1248145548

2 things...

1. See Grey rectangle..it seems like a nice support if ever the price goes down...so TP1 should be there..

2. SL should be abit higher..see red line

Well..I am not trading this one for now...
As for the rest, let the mkt decide..
Sonic
Sonic, yes your SL suggestion is best. But the first target area suggested by your gray rectangle seemed too close to the entry area to make a trade for it considering the SL area....that is why I bypassed this as a 1st target.

Using two pivot indys, and with both Daily pivot and fib pivot settings, I could not get a pivot line in the area where you placed the gray rectangle. But I see you are using yet ANOTHER indy which is placing a line there! I request that you post this 'new' indy together with any remarks clarifying how/when you use it as opposed to the normal pivot indicator.

Thank you for your help, Sonic. It is much appreciated.
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  • #3,914
  • Jul 21, 2009 1:54am Jul 21, 2009 1:54am
Here Is My Trade Today. Let's See What Will Happen.

Regards,
Basber
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Trading methods are designed to put the odds in our favor, not predicting.
  • #3,915
  • Jul 21, 2009 2:03am Jul 21, 2009 2:03am
Quoting traderathome
Sonic, yes your SL suggestion is best. But the first target area suggested by your gray rectangle seemed too close to the entry area to make a trade for it considering the SL area....that is why I bypassed this as a 1st target.

Using two pivot indys, and with both Daily pivot and fib pivot settings, I could not get a pivot line in the area where you placed the gray rectangle. But I see you are using yet ANOTHER indy which is placing a line there! I request that you post this 'new' indy together with any remarks clarifying how/when you use it as...
This Indy is nothing special...but pretty useful...I suppose..
Just show weekly Hi/Low and 50% of it..

Sonic
Attached File(s)
File Type: mq4 KiS_Avg_Weekly.mq4   4 KB | 462 downloads
  • #3,916
  • Jul 21, 2009 2:11am Jul 21, 2009 2:11am
Quoting traderathome
It has come to my attention thru posts here, that the MT4 real-time Experts log has been flagging this indy as having an invalid integer, etc.

I found in the original indicator, the code lines that cause this and have removed them. As far as I can tell, neither the 'flagging' of these code lines nor their removal affects the proper operation of this indicator.

Because some may be using/preferring the original indy, while others may be using 'upgrades', I am re-posting a new series of this indy as follows, all of which contain the 'fix':

NVO_v1,...
If anyone downloaded NVO_v3 yesterday then I recommend downloading it again. Several hours ago I reposted it with a fix to a minor bug....something I had on an old list to do and forgot to take care of that when working on the new series of NVO indys. Sorry for any inconvenience.
  • #3,917
  • Jul 21, 2009 2:32am Jul 21, 2009 2:32am
Quoting Basber
There Was A Double PB (Or/And an Inside Bar), Usually If There Is A Weekly CandleStick (Or PA) , At Monday, Price Will Respond To It.

Regards,
Basber
Basber, as usual thanks for the clear explaination.

Kind Regards
Lmarti21
  • #3,918
  • Jul 21, 2009 2:38am Jul 21, 2009 2:38am
Sonic and all,

I feel like its time to ask one of the most serious questions regarding your great strategy - money management.

From all the variety of the examples we've seen throughout the thread I've got a feeling that Sonic R strategy assumes wide SL's at importand S&R lvls or at previous Highs or Lows.

However is there any calculation involved when placing the SL? By calculation I mean riskking not more than certain percentage of one's account. What Profit/Loss ratio should be considered when entering a trade? Lots of the times I've seen people having it 1:1 or even less, this doesn't seem to be a good practice but often it saves you from whips and false movements.

I would like people to share here some ideas and their personal experience regarding this question, so beginners like me can learn a bit more about how to manage our capitals. May be give us some formulas and advises on SL calculation which we could benefit from.

Regards,

snu.
  • #3,919
  • Jul 21, 2009 2:46am Jul 21, 2009 2:46am
Are we going to see GBP/USD bounce after making a double bottom?


Hmmm, maybe not. At least, not at this point. So much for Rastaman's trend prediction!!!!!!!
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Starting to see instead of just looking.
  • #3,920
  • Jul 21, 2009 3:08am Jul 21, 2009 3:08am
Quoting Rastaman
Are we going to see GBP/USD bounce after making a double bottom?


Hmmm, maybe not. At least, not at this point. So much for Rastaman's trend prediction!!!!!!!
hmm.
g/u and e/u going diff directions.

dosent @@ gd~
trade safe
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