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Sonic R. System

  • #4,601
  • Aug 5, 2009 5:31pm Aug 5, 2009 5:31pm
Quoting ddaytrader
Hi Rastaman,

I love the look and feel of your template. I removed a few of the indi's as my eyes are not as sharp as other people and I need more open space to view.

Could you or one of our MT4 gurus tell me how I can remove the information in the upper right hand corner of price pane? I am not an MT4 expert, and I checked all the indi files and I cannot sem to find it or a way to turn it off.

Thank you,

ddaytrader
Rastaman, you see DD's quandry here? I heartily recommend that any indicators being used, be used in the ".mq4" file format, which enables users to see the compile, and to modify the indy to suit. If you have any indys in the ".ex4" file format, try to find the other format. If you cannot, then let me know and perhaps I can impose upon a 'source' to make the conversion.
  • #4,602
  • Aug 5, 2009 6:05pm Aug 5, 2009 6:05pm
EJ M15: Possibilities I see....
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  • #4,603
  • Aug 5, 2009 6:31pm Aug 5, 2009 6:31pm
Quoting traderathome
EJ M15: Possibilities I see....
TAH I appreciate your analysis, and I wanted to thank you for the white background charts. They are much easier for me to read.

As you posted earlier, this is one prolonged, relatively tight range. I do not know which way price will squeeze out if, but when it does, it should be good for a relatively quick 300-400 pip move guaging from the rally that brought us into this range and the size of the previous range.
  • #4,604
  • Aug 5, 2009 6:38pm Aug 5, 2009 6:38pm
Quoting ddaytrader
TAH I appreciate your analysis, and I wanted to thank you for the white background charts. They are much easier for me to read.

As you posted earlier, this is one prolonged, relatively tight range. I do not know which way price will squeeze out if, but when it does, it should be good for a relatively quick 300-400 pip move guaging from the rally that brought us into this range and the size of the previous range.
Am I on the same track as you regarding ranges and intervening run? (See chart).
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  • #4,605
  • Aug 5, 2009 7:09pm Aug 5, 2009 7:09pm
UJ M15: This could be setting up for a move down....H-L-LH-....... PA broke down thru TB and then recieved the obligatory pullback up to it...
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  • #4,606
  • Aug 5, 2009 7:44pm Aug 5, 2009 7:44pm
Quoting traderathome
Am I on the same track as you regarding ranges and intervening run? (See chart).
Yes, and I suspect that whichever way this breaks and holds it will travel that same distance (300-400 pips or so).

Of course, I will be trading the SonicR, but when the break comes, I hope to have the sense to keep some part of my position open with a breakeven stop and a larger than normal sedond TP2.
  • #4,607
  • Aug 5, 2009 8:13pm Aug 5, 2009 8:13pm
Quoting ddaytrader
Hi Rastaman,

It looks like the Sonic Dragon, aka Sonic Tunnel in your template is set to a 50 ema instead of 34 ema as per Sonic's Manual.

I thought you might like to know because this makes a difference in signals.

Thank you for the great template - I am trying yours out on my Dow and S&P charts.

Good Trading,

ddaytrader


What the %$@$@@%%$#%#(_*((*_(#%$#$_)+_+_++?

It was put on the charts right out of the box without changing anything so, I presumed these were the normal settings.
Thanks for pointing this out DD.

So, ema 1,2 & 3 should all be 34?
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Starting to see instead of just looking.
  • #4,608
  • Aug 5, 2009 8:25pm Aug 5, 2009 8:25pm
Quoting ddaytrader
Hi Rastaman,

I love the look and feel of your template. I removed a few of the indi's as my eyes are not as sharp as other people and I need more open space to view.

Could you or one of our MT4 gurus tell me how I can remove the information in the upper right hand corner of price pane? I am not an MT4 expert, and I checked all the indi files and I cannot seem to find it or a way to turn it off.

Thank you,

ddaytrader

I take it, you want to get rid of the time indicator completely?
Just right click on the chart, indicators, highlight the P4 Clock and then delete it, save the template for next time you need it.

If you just want to move the clock to a different area just change the number in LABEL CORNER.
Or you can even remove any time zones you like and just leave candle time showing if you like.
Starting to see instead of just looking.
  • #4,609
  • Aug 5, 2009 8:50pm Aug 5, 2009 8:50pm
This TRo indi help u set up sonic dragon, instead of using 3 EMA indi..
My setting for TRO should be

Sonic Dragon.....

34,1,2 (EMA 34, High)
34,1,0 (EMA 34, Close)
34,1,3(EMA 34, Low)


Sonic
Attached Image
  • #4,610
  • Aug 5, 2009 9:03pm Aug 5, 2009 9:03pm
Wohoo...

Big Vol (Big boys taking pos)...after serious ranging for 2 days now...
Gonna swing big time soon...

and if we look at H4 TF...look like PB in a making..but gota wait till t candle compete to confirm..

Sonic
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  • #4,611
  • Aug 5, 2009 9:20pm Aug 5, 2009 9:20pm
Quoting Rastaman
I take it, you want to get rid of the time indicator completely?
Just right click on the chart, indicators, highlight the P4 Clock and then delete it, save the template for next time you need it.

If you just want to move the clock to a different area just change the number in LABEL CORNER.
Or you can even remove any time zones you like and just leave candle time showing if you like.

I do not see a "P4 Clock" indi listed
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  • #4,612
  • Aug 5, 2009 10:21pm Aug 5, 2009 10:21pm
Quoting ddaytrader
I do not see a "P4 Clock" indi listed
that means..it is written on ur chart...
u gota go to "right clik" , choose "objects" and delete line by line...that u don't want..


Sonic
  • #4,613
  • Aug 5, 2009 11:47pm Aug 5, 2009 11:47pm
Quoting sonicdeejay
This TRo indi help u set up sonic dragon, instead of using 3 EMA indi..
My setting for TRO should be

Sonic Dragon.....

34,1,2 (EMA 34, High)
34,1,0 (EMA 34, Close)
34,1,3(EMA 34, Low)


Sonic
Sonic, I respectfully submit that the middle line should be based upon the MEDIAN value, not the CLOSE.....i.e., (H+L)/2, which places the middle line EXACTLY in the middle of the 34 ma tradeband. That would make it "34,1,4".......(Well, to each his own.)
  • #4,614
  • Aug 6, 2009 12:06am Aug 6, 2009 12:06am
Quoting traderathome
Sonic, I respectfully submit that the middle line should be based upon the MEDIAN value, not the CLOSE.....i.e., (H+L)/2, which places the middle line EXACTLY in the middle of the 34 ma tradeband. That would make it "34,1,4".......(Well, to each his own.)
In fact, we aren't using much of the middle line..but I suggest we will stick to "CLOSE"...
It will come in handy and effective..when we are in tight range period...
Using Medium(Avg) will be not that useful...

Sonic
  • #4,615
  • Aug 6, 2009 12:27am Aug 6, 2009 12:27am
Quoting sonicdeejay
Wohoo...

Big Vol (Big boys taking pos)...after serious ranging for 2 days now...
Gonna swing big time soon...

and if we look at H4 TF...look like PB in a making..but gota wait till t candle compete to confirm..

Sonic
I agree, Sonic. You know, I was looking at the M15 and suddenly saw what I think is a trading pattern the Big Boys have been using in order to close out longs and take on shorts.....without showing their hand. Pardon my sloppy lines, but it seems to be a pattern of Bear Channel, after Bear Channel, after Bear Channel, where they close the longs (to unsuspecting long buyers, interspersed with drops when their selling off of long positions and taking on shorts becomes a bit agressive. By working the price up during the Bear Channels, they create the false truth that "longs" are a good thing, which enables them to close their longs out and go short.

In any case, the drops are quick and the rises are much slower by comparison, indicating that "down" is where the PA really wants to go....right?

And on the H4, a good pin bar followed by a good spinning top......excitement over these high prices is turning into indecision. Next comes the fall? Well, like you said, we have to wait and actually see what direction she takes.
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  • #4,616
  • Aug 6, 2009 12:33am Aug 6, 2009 12:33am
Quoting traderathome
I agree, Sonic....
We are seeing lower low and lower high but not it obvious manner....
Someone swing up the price...just to fall down again...
That cause the ultimate ranging with fake breakouts,it kill a lot of newbies...this is the period..marker makers and dealers enjoyed most...

In my opinion Euro and Cable are due for major pullback... BUT this Friday NFP may decide its fate..

Sonic
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  • #4,617
  • Aug 6, 2009 12:42am Aug 6, 2009 12:42am
Quoting sonicdeejay
In fact, we aren't using much of the middle line..but I suggest we will stick to "CLOSE"...
It will come in handy and effective..when we are in tight range period...
Using Medium(Avg) will be not that useful...

Sonic
Sonic, not to labor the point, but I side with the esthetics of using MEDIAN rather than CLOSE. My reasoning is that it just looks cleaner, neater, and no matter what TF chart you are on, you will find the number of pips difference between them is very small.....I am finding only a 1 pip difference on M15, and only a 3 pip difference on H4. So, there is practically no meaningful difference in pips, but the chart is much better looking (to me, anyway) using MEDIAN. (Ok, I am down off the soap box now.)
  • #4,618
  • Edited 2:38am Aug 6, 2009 1:45am | Edited 2:38am
EU M15: H/L pattern is now well established. PA currently in upper half of range. A break below main pivot this next time could start a decent downward run. But who knows for sure? But it could be for 30-40 pips and still stop at bottom of range....not too bad.

Edit: Add chart 2....how I see the trade.
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  • #4,619
  • Edited 3:21am Aug 6, 2009 3:01am | Edited 3:21am
EU: Targets at S1 and S2 are modest and based on ranging. If PA breaks loose and runs down, then targets at S3 and S4 are possible, as the trip from yesterday's high all the way down to S4 is only 192 pips.
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  • #4,620
  • Aug 6, 2009 3:04am Aug 6, 2009 3:04am
Ranging...

http://gadgetsteria.com/wp-content/u.../epic-fail.jpg

Sonic
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