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Sonic R. System

  • #4,001
  • Jul 22, 2009 12:13am Jul 22, 2009 12:13am
Just add it to each chart for the pairs you use and make sure DLL imports has a check in it, or it won't work.
It displays the FF Factory calendar news releases and times of those releases specifically for each pair on your chart, so you can use the information to judge when to trade or when not to trade. You need it on each individual chart.

If you are trading USD/JPY and USD/CHF the information is for the first currency on the chart so in this case, the information for these two pairs is exactly the same.

Hope this helps
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Starting to see instead of just looking.
  • #4,002
  • Edited 1:17am Jul 22, 2009 1:02am | Edited 1:17am
Sonic, what do you think about GBP/USD?
I had the notion that this pair is trending Bullish but, now I am seeing this on the M15. Could this be a fake out before the London open as the H4 seems to be holding well on the 89 EMA and 250 EMA trending up? Also, the H4 is at a major reversal point and there seems to be not much volume in this move on the M15?
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Starting to see instead of just looking.
  • #4,003
  • Jul 22, 2009 1:33am Jul 22, 2009 1:33am
GU D1 ... reached W1 trendline .. im on overall downtrend bias right now ..

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  • #4,004
  • Jul 22, 2009 1:39am Jul 22, 2009 1:39am
EU: My outlook, at the moment, is Bullish. http://www.forexfactory.com/showpost...stcount=124025

EU M15: Frankfurt is open. For over an hour there has been increasing relative volume and the price holding about the 89 sma. As long a PA remains for the most part in, and above, the 34 ema tradeband (Dragon) then I will hold the Bullish outlook and await a break above the Open (1.4223) to signal entry for a leg up. Chart is labeled with tentative trade levels.

Your comments, insights, and other viewpoints are welcomed. Thank you.
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  • #4,005
  • Jul 22, 2009 1:48am Jul 22, 2009 1:48am
Quoting traderathome
EU: My outlook, at the moment, is Bullish. http://www.forexfactory.com/showpost...stcount=124025

EU M15: Frankfurt is open. For over an hour there has been increasing relative volume and the price holding about the 89 sma. As long a PA remains for the most part in, and above, the 34 ema tradeband (Dragon) then I will hold the Bullish outlook and await a break above the Open (1.4223) to signal entry for a leg up. Chart is labeled with tentative trade levels.

Your comments, insights, and other viewpoints are welcomed....
I agree, if it breaks the Daily pivot and the 1.4216 mark.
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Starting to see instead of just looking.
  • #4,006
  • Jul 22, 2009 1:53am Jul 22, 2009 1:53am
Quoting chemfly
Excuse me,how it use?
err...it is nothing technical...
Have u really load it in ur chart??


Sonic
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  • #4,007
  • Jul 22, 2009 1:59am Jul 22, 2009 1:59am
Quoting traderathome
EU: My outlook, at the moment, is Bullish. http://www.forexfactory.com/showpost...stcount=124025

EU M15: Frankfurt is open. For over an hour there has been increasing relative volume and the price holding about the 89 sma. As long a PA remains for the most part in, and above, the 34 ema tradeband (Dragon) then I will hold the Bullish outlook and await a break above the Open (1.4223) to signal entry for a leg up. Chart is labeled with tentative trade levels.

Your comments, insights, and other viewpoints are welcomed....
Hugh vol coming in...
Gona swing soon...

Choose your pick!!

Sonic
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  • #4,008
  • Jul 22, 2009 1:59am Jul 22, 2009 1:59am
Quoting LittleTrader
GU D1 ... reached W1 trendline .. im on overall downtrend bias right now ..

Attachment



glad to see your input on this.

Looking at the D1 tf, I am still considering it Bullish and think it could just be a retracement.
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Starting to see instead of just looking.
  • #4,009
  • Edited 2:18am Jul 22, 2009 2:01am | Edited 2:18am
Quoting Rastaman
glad to see your input on this.

Looking at the D1 tf, I am still considering it Bullish and think it could just be a retracement.
Diff ppl see differently...

Even if it rectracement...we should wait for Bullish engulfing or Hammer candle before we go long...
Look at grey rectangle of the pic...in "13 July" Hammer Candle D1 TF...by then we already have HH and HL in M15 Sonic R (<---- another hint of SONIC R success secret)...

http://www.gifbin.com/bin/1236681958_hammer-time.gif

Sonic
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  • #4,010
  • Jul 22, 2009 2:24am Jul 22, 2009 2:24am
Even if it rectracement...we should wait for Bullish engulfing or Hammer candle before we go long...
Look at grey rectangle of the pic...in "13 July" Hammer Candle D1 TF...by then we already have HH and HL in M15 Sonic R (<---- another hint of SONIC R success secret)...

Yes, we still have a HL and HH than July 17 on D1.

So, we just need it to retrace and show us a hammer or pinbar?
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Starting to see instead of just looking.
  • #4,011
  • Jul 22, 2009 2:29am Jul 22, 2009 2:29am
Quoting sonicdeejay
Diff ppl see differently...

Even if it rectracement...we should wait for Bullish engulfing or Hammer candle before we go long...
Look at grey rectangle of the pic...in "13 July" Hammer Candle D1 TF...by then we already have HH and HL in M15 Sonic R (<---- another hint of SONIC R success secret)...

http://www.gifbin.com/bin/1236681958_hammer-time.gif

Sonic
I'm confused. So 15M timeframe confirmes higher TF? Not vise versa?
  • #4,012
  • Jul 22, 2009 2:30am Jul 22, 2009 2:30am
Quoting Rastaman


So, we just need it to retrace and show us a hammer or pinbar?

while is forming a pin bar or hammer in D1 TF...it wil show as HH and HL in 15 m TF...

Sonic
  • #4,013
  • Jul 22, 2009 2:31am Jul 22, 2009 2:31am
Quoting snusnufreak
I'm confused. So 15M timeframe confirmes higher TF? Not vise versa?
so simple yet..it seem confuse...
ultimately..stick to 15m TF...as we usually..do


Sonic
  • #4,014
  • Jul 22, 2009 3:28am Jul 22, 2009 3:28am
EJ : currently +20

Quoting sonicdeejay
Hugh vol coming in...
Gona swing soon...
i never understand how that NOV works ..
  • #4,015
  • Jul 22, 2009 3:42am Jul 22, 2009 3:42am
Quoting LittleTrader
EJ : currently +20



i never understand how that NOV works ..
As I was onse told by traderathome it shows you if the volume on current bar is above or below the average volume. By default average volume is calculated for 10 bars (I might be wrong here). The colors just show u by how much in fib lvls is the volume greater than the average. Black is 100% fib. all I remember .

However I'm still not sure how to use this indi effectively.
  • #4,016
  • Edited 5:16am Jul 22, 2009 4:18am | Edited 5:16am
Quoting LittleTrader
EJ : currently +20



i never understand how that NOV works ..
The Normalized Volume Oscillator (NVO) indicator effectively shows when volume "suddenly" increases, a situation that indicates increased trading activity and that could be an advanced indication the price is going to make a move.

The NVO indy uses color to distinguish when volume on the current volume bar is "above average". Different colors are used to show HOW MUCH ABOVE AVERAGE the current bar volume is! One color scheme (for white chart) goes like this:

Blue - if the bar is blue then the volume is below average.
Yellow - the volume is now above average...up to 33% over average.
Green - now between 33% over average to up to 66% over average
Red - now between 66% and 100% above average
Black - now above 100% over average, at least twice average!

The colors are user selectable, so you can change them to whatever you like that will help you remember what they stand for (believe original NVO used blue, green, lime, yellow, white).

The graduations (33%, 66%, etc.) are user selectable also. The original NVO used 38.2% and 61.8% to divide the 0% - 100% over average range into three parts (0-38.2, 38.2-61.8, 61.8-100, then 100+ became the four 'above average' range brackets).

Hope this helps you.
  • #4,017
  • Jul 22, 2009 4:30am Jul 22, 2009 4:30am
EU M30: I'm setting aside my bullish feelings now, and looking at this in bearish fashion. And I chose to show the M30 chart simply because it better shows the relative volume situation around this last tall DOWN candle. To me, it now appears this is being heavily shorted which caused the price to drop and then the price was "saved" and pumped back up for more shorting at higher prices. All in all, this is still in a range, so I am not comfortable with any trading action until PA either tops the Daily Pivot (1.4217), or drops down thru yesterdays low (1.4163).

Edit: Added M15. Look how relative volume increased, and how this increase trading activity drove the price down.
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  • #4,018
  • Jul 22, 2009 4:35am Jul 22, 2009 4:35am
Hi ddaytader,

Thanks for the reply, I have started reading the posts but as there are a lot of them it's going to take some time.
I will set up my own templates and see which I prefer, maybe I will try several to get the feel of how they operate.

I noticed on a quick browse through that there are a lot of abbreviations, HH, HL etc I understand, but if anyone has a list of the many used on this thread it would be gratefully received.

Regards Allon
  • #4,019
  • Jul 22, 2009 4:58am Jul 22, 2009 4:58am
Quoting LittleTrader
EJ : currently +20



i never understand how that NOV works ..
http://i185.photobucket.com/albums/x...HammerTime.jpg


Sonic
  • #4,020
  • Jul 22, 2009 5:01am Jul 22, 2009 5:01am
Hi,

As I am a newbie to Forex trading, but have traded Stocks, futures and options for many years, I am trying to figure out just what you are looking for when viewing the charts. I will be reading through the posts, so hope to glean something from them.
Meanwhile today 22nd at 11.00am GMT, I am watching the GBP/USD and EUR/USD and would appreciate a run down on what you are looking for, what you expect to happen and why. A tall order to ask I know but I think we all learn faster if someone with more experience acts as your mentor.

Thanks for any help offered.
Allon
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