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Sonic R. System

  • #4,961
  • Edited 10:13am Aug 14, 2009 9:59am | Edited 10:13am
Quoting Rastaman
it's Friday so I decided to take a break and read up on volume.
And I call it a break. LoL



I found a very interesting article about the big boys and the manner in which they drive the "Herd" into holding bad positions that are about make a major direction change.

I am interested in hearing senior members opinion on this.





Original article.
http://www.sfomag.com/homefeaturedet...ne&YearID=2006

Rediscover the Lost Art of Chart Reading: Using Volume Spread Analysis
by: Todd Krueger
There...
Rastaman, here is an example. Look at the NVO display area blue boxed. High relative volume started the professional selling to the 'herd'. Relative volume peaked as the professional selling/shorting finished. Since then, the PA has been drifting down. What I believe (and what is not stated in that article) is that professional sellers can and do PUMP the price to get the 'herd' excited to buy. But at some stage in the pump, as the 'herd' takes the bait, the professional sellers quickly adapt and shift to selling/shorting. Whatever buying they had to invest in, in order to create the illusion of BUY, BUY, BUY they quickly re-sell to the herd at the rising prices. So, this pump manipulation, false buying to get the process going, actually makes them money!

But, you have to be cautious when trying to "read" volume. Sometimes relative volume spikes are not soon followed by reversing PA....which may mean that while the manipulation is there (pump to dump, or torpedo to buy), it will be repeated over and again over time....maybe over the whole day, or even longer....a sustained period of such episodes of manipulation before a run in the PA. That is why it sometimes seems the relative volume spikes apparently have no significance. But they may. It just might be that a longer Act is being played out. As Sonic so often says, NVO lets you know something may be up, but remain concentrated on the actual PA. Don't over analyze volume and risk introducing false
bias into your thinking.
Attached Image (click to enlarge)
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  • #4,962
  • Aug 14, 2009 10:12am Aug 14, 2009 10:12am
Quoting traderathome
Here is the latest on NVO, customized to show "Sonic NVO....." in the indicator window. Two versions are attached, which have preselected colors for the indicated chart background colors. But still, the colors can be changed to suit. I have added the 'on/off' code to Sonic CCI also, and indy is attached.
TAH,

I wanted to say thank you for all the work you do for us on these indi's.

It shows that Sonic has attracted good folks to his thread who also wish to share with others.

Best to you,

ddaytrader
  • #4,963
  • Aug 14, 2009 10:37am Aug 14, 2009 10:37am
Quoting Basber
I Think This May Help : www.alertfx.com

Regards,
Basber
Thanks Basber,

Lmarti21
  • #4,964
  • Aug 14, 2009 11:19am Aug 14, 2009 11:19am
Quoting lmarti21
Thanks Basber,

Lmarti21
You Can Try This As Well

Regards,
Basber
Attached File(s)
File Type: pdf MT4_Price_Alerts.pdf   178 KB | 1,025 downloads
Trading methods are designed to put the odds in our favor, not predicting.
  • #4,965
  • Aug 14, 2009 11:19am Aug 14, 2009 11:19am
Rastaman!

Quoting ddaytrader
Hi Rastaman,

I have done some surgery on your template...
Hi Rastaman,

I also noticed on your template that the SH channel is set to "0" instead of "60", meaning the channel you are seeing is the M15TF and SonicR uses the H1 TF for the channel S/R.
  • #4,966
  • Aug 14, 2009 12:36pm Aug 14, 2009 12:36pm
This Sonic post #14 is a gem: http://www.forexfactory.com/showpost...2&postcount=14

If you did not pick up on the gem here, here it is.....

At first breakout from Dragon, you WAIT for breakout candle to close, and THEN place order a bit farther away. Why? Because PA might not pull back all the way to/into the Dragon for a better setup and entry....it might just pull back a little and then proceed with force. And since you have a order in, you will get in. But also, if breakout is a Head Fake, your order is beyond and less likely to be executed just before PA turns against you. Now see how Sonic continues to manage getting into the trade....

If PA does pull back to/into the Dragon, again you wait for second breakout candle to close, and then adjust your entry order to just beyond it. Why? The second breakout may be a second attempt that fails. With your order just beyond, you won't get in just to see PA turn and move back into the Dragon and out the other side and run! With your order adjusted to just beyond the second closed breakout candle, if the run is to start, your order will get executed when PA breaks above that candle.

This is finely monitoring for entry and I thought it worth bringing to light again. Thank you, Sonic.
Attached Image (click to enlarge)
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  • #4,967
  • Aug 14, 2009 1:16pm Aug 14, 2009 1:16pm
Here is a nice example of what Volumes Enhanced can reveal...

Note the blue boxed relative volume spikes followed by the yellow boxed spikes. Note that the corresponding PA for the blue boxes is below the corresponding PA for the yellow boxes. Note the actual volume spikes higher in the yellow boxes than in the blue boxes (Volumes Enhanced shows this where NVO may not....see second chart).

The point here is that there were volume surges to get PA moving up, and then larger volumes at the PA highs.....obvious manipulation to strike higher ground to SELL OFF! We already know that such volume surges to get the PA moving do not cost the manipulators. In fact, they make money on it.....invest in buying to get PA moving up and to attract in the 'herd' buyers, and then suddenly sell at the higher prices all that you bought to get the PA moving (profits) and then continue to sell off long positions and then start getting short positions (why volume heaviest at PA highs)....!

I have attached Volumes Enhanced for Sonikers, should they want to use it along with NVO.
Attached Image(s) (click to enlarge)
Click to Enlarge Name: screenshot # 101.gif Size: 46 KB
Click to Enlarge Name: screenshot # 102.gif Size: 44 KB
Attached File(s)
File Type: mq4 Sonic Volumes Enhanced (Black).mq4   20 KB | 688 downloads
File Type: mq4 Sonic Volumes Enhanced (White).mq4   20 KB | 581 downloads
  • #4,968
  • Edited 1:40pm Aug 14, 2009 1:32pm | Edited 1:40pm
Quoting traderathome
Here is a nice example of what Volumes Enhanced can reveal...I have attached Volumes Enhanced for Sonikers, should they want to use it along with NVO.

TAH,

You ought to think about starting a separate thread Called TAH's Sonic Indicators where you could place all of your various concoctions in the first post, and then post the updates there as well. You have done some great work that will unforunatley get lost or else go unnoticed by Sonikers yet to come.

Just an idea ... it is, of course, up to you.

Thank you again for all the wonderful work you have shared with us.
  • #4,969
  • Aug 14, 2009 2:08pm Aug 14, 2009 2:08pm
Quoting ddaytrader
TAH,

You ought to think about starting a separate thread Called TAH's Sonic Indicators where you could place all of your various concoctions in the first post, and then post the updates there as well. You have done some great work that will unforunatley get lost or else go unnoticed by Sonikers yet to come.

Just an idea ... it is, of course, up to you.

Thank you again for all the wonderful work you have shared with us.
ddaytrader, thank you very much for your appreciation of the indicators. Rather than starting a separate thread, perhaps a special folder of these indys that I use and tweek from time to time, could be added to the overall Sonic group of indys. If Sonic thinks there is merit, then he can post or PM me with instructions as to how to 'add' the folder of the indys to his, so they are included within the basic initial setup and instructions post(s), and so I can update the indys within that folder over time.
  • #4,970
  • Aug 14, 2009 8:10pm Aug 14, 2009 8:10pm
Quoting ddaytrader
Rastaman!



Hi Rastaman,

I also noticed on your template that the SH channel is set to "0" instead of "60", meaning the channel you are seeing is the M15TF and SonicR uses the H1 TF for the channel S/R.
It is?

I couldn't find a channel indicator in the thread so I just used the SH1 indicator I already had.

Thanks DD.


Hmm, is this the AllBars setting which needs setting to 0?

I changed the BarsForFract from 0 to 60 and the indicator disappears completely.



PS: I changed the AllBArs from 240 to 60 and all I get is a very short channel.
I think I need the same indi you people are using.
Attached Image
Starting to see instead of just looking.
  • #4,971
  • Aug 14, 2009 8:31pm Aug 14, 2009 8:31pm
Found the Sonic MTF SHI Channel from post 2531
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Starting to see instead of just looking.
  • #4,972
  • Aug 14, 2009 10:52pm Aug 14, 2009 10:52pm
DD

below is the standard setting with the Sonic SHI channel.
If I change the TF to 60 as in the bottom screen shot, I get an extremely wide channel.

Is this how it should be setup?
Attached Image(s) (click to enlarge)
Click to Enlarge Name: standard.jpg Size: 532 KB
Click to Enlarge Name: 60.jpg Size: 581 KB
Starting to see instead of just looking.
  • #4,973
  • Aug 15, 2009 1:15am Aug 15, 2009 1:15am
Just getting my head together with my CEILINGS & FLOORS as I tend to do when overload sets in. Actually, I made a thread for absolute beginners quite a while ago called Snakes & Ladders. Anyway, I like to use this as my sacred retreat to re group.

Just playing around with S&R to show me the waves.

Quite interesting going naked and just using ceilings & Floors to watch PA.

Actually, this may be a good way to learn to see the waves for absolute newbies to this thread like myself.
Attached Image (click to enlarge)
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Starting to see instead of just looking.
  • #4,974
  • Aug 15, 2009 2:17am Aug 15, 2009 2:17am
Quoting Rastaman
Just getting my head together with my CEILINGS & FLOORS as I tend to do when overload sets in. Actually, I made a thread for absolute beginners quite a while ago called Snakes & Ladders. Anyway, I like to use this as my sacred retreat to re group.

Just playing around with S&R to show me the waves.

Quite interesting going naked and just using ceilings & Floors to watch PA.

Actually, this may be a good way to learn to see the waves for absolute newbies to this thread like myself.

You are starting to see 'thru' it..
http://www.erasmatazz.com/library/Ga...gn/Matrix1.jpg

Sonic
  • #4,975
  • Aug 15, 2009 2:24am Aug 15, 2009 2:24am
My thanks for Sonic!! I thought this morning's Euro would be of interest. The attached chart shows 3 TFs (2min-entries, 5min-setups, 25min-confirmations/setups). The 5min triggered a short around 8:55 EST, and the 25min short triggered soon after for confirmation. We spent the day falling nicely, until rallying into the close.

I would love to hear how others are managing these trades.

One nice thing about this mornings setup was that in waiting for the 25min to confirm, this gave me a chance to sell a short term rally rather than being stopped in short below a trigger bar. Personally, I much prefer this entry method if given the opportunity.

Thanks again for the availability to the Sonic R approach. Im applying it to Bonds as well.
Attached Image (click to enlarge)
Click to Enlarge Name: Friday Morning Euro 081409 Short.jpg Size: 98 KB
  • #4,976
  • Aug 15, 2009 2:28am Aug 15, 2009 2:28am
Fratelli, just like to say thanks for sharing - to Sonic for sure... Cheers, Jopie
  • #4,977
  • Aug 15, 2009 2:33am Aug 15, 2009 2:33am
Thanks Sonic
Of course all with the courteous help of the people in this thread.
As I said to Basber in a MP, it is so nice to see people treat guests to a thread with the courtesy they would extend to guests they had invited to their own home. This quality is something for Sonic to be proud of and a reminder to us all of how life should be.

Much better than how I used to plot my charts previously.



Hmm, I think I see a breakout!

http://www.artinthepicture.com/blog/...n-painting.jpg
Starting to see instead of just looking.
  • #4,978
  • Edited 7:29am Aug 15, 2009 3:05am | Edited 7:29am
Secret of Sonic R



Before I explain what Sonic R is all about, let me explain to you , what make a profitable trade. I gona give you example using LONG trade in D1 TF.

For a Long position , one must buy in at a low price so that he can sell it out for profit at a higher price. Buy Low, Sell High(BLSH).

Think about it.. It sounds easy or normal to do BLSH but in reality it ain’t.

When everyone is selling, who on earth dare to buy in. You chart is showing a dive in of the price. I know some professional and institutional traders do that as they know something we(retail traders) do not.
If a retail trader is buying in, he must be a kamikaze trader or simply do not know what he is doing

But a smart trader does something smarter. He look/wait for ‘ lil signs of possible trend reversal’. He may not be getting in at a so-called lowest price but the probability of making his trade a profitable one is high…
So what are the ‘ lil signs of possible trend reversal’?

As it is in downtrend, the price go lower as usual but it starts to creep back up, and ends up closing higher/near its opens. In the chart it will be hammer or Pin bar with a long wick and it is one of lil sign of possible trend reversal.

I'd say Hammer and Bullish engulfing bars are the most reliable reversal bars for LONG, like you can see in pic below.



Sonic
  • #4,979
  • Edited 3:44am Aug 15, 2009 3:17am | Edited 3:44am
Quoting sonicdeejay
Secret of Sonic R...

I am ALL ears Sonic.
Starting to see instead of just looking.
  • #4,980
  • Aug 15, 2009 3:44am Aug 15, 2009 3:44am
Hi Sonickers,

I have following for a while now. It might be not appropriate for me to request some custom indicator here, but i have try to look for it for months and failed. I think i want to learn how to write my own custom indicator / code for mt4, can anyone point me into the right direction. Thank you.
Signed: PipsMonster
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