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Sonic R. System

  • #4,141
  • Jul 23, 2009 8:12pm Jul 23, 2009 8:12pm
Quoting Rastaman
63

I hope Sonic will confirm this!

First time to read this in the thread or indeed the manual for that matter.

Did I miss something?

C'on guys!!

I do not restrict any setting...

Sonic R, we use is more of Price Action...Wave Analysis with S &R... (This is the essence of the system)

We can use diff indi as we like...

As for me..I like sonic CCi aka woodie CCi with 63..setting..

Sonic
  • #4,142
  • Jul 23, 2009 8:12pm Jul 23, 2009 8:12pm
Thanks DD for all the useful information, as usual appreciated.
And indeed Sonic for the prompt reply.

But Sonic, which setting do you recommend for a novice like myself?
Starting to see instead of just looking.
  • #4,143
  • Jul 23, 2009 8:41pm Jul 23, 2009 8:41pm
Quoting Rastaman
Thanks DD for all the useful information, as usual appreciated.
And indeed Sonic for the prompt reply.

But Sonic, which setting do you recommend for a novice like myself?
I use 63 for CCI...but these are all lagging indicators... they tell u what happened but no necessarily 100% tell u what gona happen next..

Buddy.. Do pay more attentions those Sonic R rules .. wave, S& R .. these are the real leading indis...

Sonic
  • #4,144
  • Jul 23, 2009 9:07pm Jul 23, 2009 9:07pm
Quoting sonicdeejay
Buddy.. Do pay more attentions those Sonic R rules .. wave, S& R .. these are the real leading indis...

Sonic
All Sonikers, new and not so new, ought to keep that post on a post-it note taped to their trading screen until they get it drilled into their trading brain. That is where the money is.
  • #4,145
  • Edited Jul 24, 2009 1:06am Jul 23, 2009 10:13pm | Edited Jul 24, 2009 1:06am
Quoting heartstart
I really enjoy the room alot. All of you are positive and it is important to surround yourself with positive people. That's why everyone is succeeding with this method. Sorry for the rambling. hopeful soon I will be able to pay it forward to someone as you guys are doing it for us. Thank you many blessing.

Be Positive, but not over confident .Learn to take and learn to let go..

I may be the owner of this thread, but I too find myself, improve and learn alot from all the guys sharings, plus my ever growing bank acc...
That is the fruits of positive sharing...

Join the fun man...Let's Rock!!

http://i216.photobucket.com/albums/c...terh9/rock.jpg

Sonic
  • #4,146
  • Edited 1:33am Jul 24, 2009 1:17am | Edited 1:33am
EJ: Watching to see if this develops.
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  • #4,147
  • Jul 24, 2009 1:25am Jul 24, 2009 1:25am
good morning, Sonikers!

here is my current E/U trade. any comments appreciated.

Was it to early to enter as there is a strong resistance lvl consisting of 89 MA, daily pivot, 38 fib lvl?

Regards,

snu.
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  • #4,148
  • Jul 24, 2009 1:43am Jul 24, 2009 1:43am
Quoting snusnufreak
good morning, Sonikers!

here is my current E/U trade. any comments appreciated.

Was it to early to enter as there is a strong resistance lvl consisting of 89 MA, daily pivot, 38 fib lvl?

Regards,

snu.
Fibo expansion seems to show us that it is a good point to enter with TP1 around the 1.4213 area. That said, London is not yet open. USD/CHF looks more interesting to me currently.
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Starting to see instead of just looking.
  • #4,149
  • Jul 24, 2009 1:55am Jul 24, 2009 1:55am
Quoting snusnufreak
good morning, Sonikers!

here is my current E/U trade. any comments appreciated.

Was it to early to enter as there is a strong resistance lvl consisting of 89 MA, daily pivot, 38 fib lvl?

Regards,

snu.
There has been a lot of past time spent about the 1.4200 area, and yesterday the PA finally was slammed down thru it. It may now act as resistance and the turning point for another leg down. I could be totally wrong about this, though. Just be carefull, as 1.4200 area is the 50% retracement area.....a place often of failure and pullbacks.
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  • #4,150
  • Jul 24, 2009 2:04am Jul 24, 2009 2:04am
Quoting Rastaman
Fibo expansion seems to show us that it is a good point to enter with TP1 around the 1.4213 area. That said, London is not yet open. USD/CHF looks more interesting to me currently.
Rastaman, I see three FE lines (62, 100, 162) but cannot tell to what span the fib extension tool was applied to yield these levels. Can you display your entire screen so as to show this, or make comment?
  • #4,151
  • Jul 24, 2009 2:06am Jul 24, 2009 2:06am
Looks like a news flash on EUR. Watch out.
Starting to see instead of just looking.
  • #4,152
  • Jul 24, 2009 2:06am Jul 24, 2009 2:06am
Quoting traderathome
There has been a lot of past time spent about the 1.4200 area, and yesterday the PA finally was slammed down thru it. It may now act as resistance and the turning point for another leg down. I could be totally wrong about this, though. Just be carefull, as 1.4200 area is the 50% retracement area.....a place often of failure and pullbacks.
Thank you guyz for perfect analysis!

Just closed it @ 1.4200, got my +27 pips. I'm trading 0.1 lot as I don't have enough money on my acc. to increase lot, so i do for now only 1 TP.

Regards,

snu.
  • #4,153
  • Jul 24, 2009 2:10am Jul 24, 2009 2:10am
Quoting traderathome
Rastaman, I see three FE lines (62, 100, 162) but cannot tell to what span the fib extension tool was applied to yield these levels. Can you display your entire screen so as to show this, or make comment?
Sorry, it is too hot here today so I am on my laptop in the air conditioning.

Here is the fibo extension blown up.
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Starting to see instead of just looking.
  • #4,154
  • Jul 24, 2009 2:19am Jul 24, 2009 2:19am
Quoting Rastaman
Sorry, it is too hot here today so I am on my laptop in the air conditioning.

Here is the fibo extension blown up.
I'm sorry, but I still cannot tell the span across which the FE was applied to yield those levels. Can you put arrows to show, or just explain in words?
  • #4,155
  • Jul 24, 2009 2:26am Jul 24, 2009 2:26am
EU: Look at the volume indys, Rastaman. This could give a nice pullback down, maybe to the tradeband (Dragon) and give a more substantial pop north. That Chaikin indy says all that high relative volume is more buying than selling..... Comments anyone?

Edit: And look at EJ....reverse pennant, same increasing relative volume, same Chaikin 'more buying' indication.
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  • #4,156
  • Jul 24, 2009 2:29am Jul 24, 2009 2:29am
Quoting traderathome
I'm sorry, but I still cannot tell the span across which the FE was applied to yield those levels. Can you put arrows to show, or just explain in words?
The first low was placed at 1.4118, high 1.4167 second low 1.4134
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Starting to see instead of just looking.
  • #4,157
  • Jul 24, 2009 2:54am Jul 24, 2009 2:54am
Quoting Rastaman
The first low was placed at 1.4118, high 1.4167 second low 1.4134
So, you are effectively making the 'span' the 16 pips from the bottom of the 49 pip item up to the bottom of the 32 pip item. And all the FE levels are applicable to that 16 pip width.

I don't understand why you'd do that....I'm curious.
  • #4,158
  • Edited 3:20am Jul 24, 2009 3:09am | Edited 3:20am
Quoting traderathome
So, you are effectively making the 'span' the 16 pips from the bottom of the 49 pip item up to the bottom of the 32 pip item. And all the FE levels are applicable to that 16 pip width.

I don't understand why you'd do that....I'm curious.
Well, it is not the span that matters but the Low to High & Low that gives a fibo projection of where price will reach and when it will breakout.
I just entered the Low and High in a fibo calculator and it gives the very same breakout area. This is also a form of wave analysis in a sense.

have you never used this tool in MT4?
you can apply it at any major high lo high or low high low to give us a rough area for breakouts and tp. Here it is applied at major turns yesterday but you can see the areas still hold as S&R today.

it is just another tool.
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Starting to see instead of just looking.
  • #4,159
  • Jul 24, 2009 3:23am Jul 24, 2009 3:23am
Quoting Rastaman
Well, it is not the span that matters but the Low to High & Low that gives a fibo projection of where price will reach and when it will breakout.
I just entered the Low and High in a fibo calculator and it gives the very same breakout area. This is also a form of wave analysis in a sense.

have you never used this tool in MT4?
you can apply it at any major high lo high or low high low to give us a rough area for breakouts and tp. Here it is applied at major turns yesterday but you can see the areas still hold as S&R today.

it is just another...
1.4167 is the high, and also the breakout level? How does the FE tell you WHEN it will happen?
  • #4,160
  • Edited 3:44am Jul 24, 2009 3:33am | Edited 3:44am
Quoting traderathome
1.4167 is the high, and also the breakout level? How does the FE tell you WHEN it will happen?
It doesn't show you when the breakout will occur just at roughly what level.
For knowing when you need to use fibo time frames but, they are vague at best I have found.

You can see in this pic that I used yesterday's highs and lows and the breakout is about the same.
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Starting to see instead of just looking.
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