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Sonic R. System

  • #5,341
  • Aug 21, 2009 11:37am Aug 21, 2009 11:37am
I found this Rastaman SonicR Template:

Trading Naked, Rastaman Style!
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  • #5,342
  • Aug 21, 2009 11:38am Aug 21, 2009 11:38am
Quoting ddaytrader
I found this Rastaman SonicR Template:

Trading Naked, Rastaman Style!
I can't remember where I found that screenshot, but I thought it was an excellent example of how ridiculous some folks get when it comes to using anything and everything but price to trade. You can't even see price on that chart anymore!
  • #5,343
  • Aug 21, 2009 11:44am Aug 21, 2009 11:44am
hahahaha......DD very funny


Quoting ddaytrader
I found this Rastaman SonicR Template:

Trading Naked, Rastaman Style!
FxHome
  • #5,344
  • Aug 21, 2009 11:46am Aug 21, 2009 11:46am
Quoting ddaytrader
I found this Rastaman SonicR Template:

Trading Naked, Rastaman Style!
that is naked ? i can get a heart attack just looking at it .. haha
  • #5,345
  • Aug 21, 2009 2:12pm Aug 21, 2009 2:12pm
Any other afternoon than Friday afternoon and I'd be long the EU.

But with just an hour to go before the NY close?

fuhgeddaboudit!
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  • #5,346
  • Aug 21, 2009 2:30pm Aug 21, 2009 2:30pm
Best of luck DD
FxHome
  • #5,347
  • Aug 21, 2009 3:10pm Aug 21, 2009 3:10pm
Quoting Muhammad989
Best of luck DD

Oh, I didn't trade it Muhammad, but thank you. I would not take a new trade so close to the market closing for the weekend.

Have a wonderful weekend!
  • #5,348
  • Aug 22, 2009 2:03am Aug 22, 2009 2:03am
Right, enough indicator madness.

This is the new Rasta setup, no frills, not even a sonic cci, just a regular cci and easy to view colors so that PA stands out instead of all the other colors blinding me from it. it was getting that I couldn't see the pips for the lemons.
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Starting to see instead of just looking.
  • #5,349
  • Aug 22, 2009 4:01am Aug 22, 2009 4:01am
I hear ya.

I wouldn't normally try to catch a falling news report but this one just seemed too good to miss. Actually tp did not yet get hit but I think it will judging from those small candles and the H4 downtrend.
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Starting to see instead of just looking.
  • #5,350
  • Aug 22, 2009 5:28am Aug 22, 2009 5:28am
Quick question about the upper line break of the tunnel for the setup candle.

Does the body of the candle have to close above the line or will just the wick suffice?
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Starting to see instead of just looking.
  • #5,351
  • Edited 6:40am Aug 22, 2009 5:44am | Edited 6:40am
Seems a lot of people are still having trouble figuring out the wave, and I can sympathize with this. However, these zig zags and other indicators only serve to further confuse the eye. At least they confused my eye.

The best method I found to see them, is open a plain chart with little or no colors, use the LINE chart function, not candles and put the tunnel on it.

You can easily see the wave and then switch the chart back to candles to further check.

if you are having trouble, give it a try. You may be surprised at how easy it is to see the waves.
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Starting to see instead of just looking.
  • #5,352
  • Aug 22, 2009 7:17am Aug 22, 2009 7:17am
Quoting Rastaman
Right, enough indicator madness.

This is the new Rasta setup, no frills, not even a sonic cci, just a regular cci and easy to view colors so that PA stands out instead of all the other colors blinding me from it. it was getting that I couldn't see the pips for the lemons.
Hi Rastaman,

Interesting that your would choose volume indicator over SonicCCI. I'm not criticising you, as each of us is different and we each choose what works best for each oof us individually. I have found the SonicCCI to be more valuable to me than the volume indicator. THA, on the other hand, seems to have a real knack for interpreting volume activity and its implications. You too seem to have an affinity for using volume in identifying trade set ups.

Looks like you are making good progress toward simplifying your chart.

Good Luck!
  • #5,353
  • Edited 7:46am Aug 22, 2009 7:34am | Edited 7:46am
Quoting Rastaman
Quick question about the upper line break of the tunnel for the setup candle.

Does the body of the candle have to close above the line or will just the wick suffice?
I would certainly have no problem placing a buy stop above the high of that candle since price gave a nice, well proportioned pullback in the process of making a higher low.

If you go back to Sonic's early posts in this thread, I beleive that the strict SonicR answer would be this: That bar formed the High bar of a potential L-H-HL-HH Sonic wave. The trigger in this sequence is the Higher High bar.

If that H bar had closed above the Sonic Dragon, then, after price pulled back into a higher low(HL), then you would place a buy stop above the high of that bar. However, since that bar (the H bar) did not close above the upper band of the dragon, you would wait for a 15 minute candle to close above the upper band (which occurred when the long bull bar from the low closed above the dragon). Your buy stop would then be place above the high of that bull candle (and probably it would be best to place it above the high of the H bar as well to be safe.

The problem with the "wait" part of waiting for a 15 minute close above the upper band is that you will miss a bunch of good entries. In the end, remember we are trading price, not time. Time is an arbitrary construct we impose upon price action. Price action itself is pure and unfiltered on its own. So, if it were me, I would ionly wait until price pulled back enough to warrant a potential Higher Low, and then I would have my buy stop in the market. It is not unusual for me to have an entry order sitting for 4-8 candles (1-2 hours) before price either takes me in to the trade or price declines and makes a lower low, which would mean that the waves are not setting up for a trade, and I cancel my order and wait.

Everything I said here can, of course, be reversed for a SonicR short.
  • #5,354
  • Aug 22, 2009 7:47am Aug 22, 2009 7:47am
Thanks DD, very thorough explanation, I will have to read that again.

I was mainly concerned with the body of the bar not breaking the top tunnel line.

Got to get up early tomorrow so I will keep this brief.

Once again, greatly appreciate the advice.

I am just trying the regular CCI over the sonic as my eye gets distracted by all the colors. Once I learn to trade this system comfortably (IF) I will try it again.

Night
Starting to see instead of just looking.
  • #5,355
  • Aug 22, 2009 3:52pm Aug 22, 2009 3:52pm
Quoting Rastaman
Right, enough indicator madness.

This is the new Rasta setup, no frills, not even a sonic cci, just a regular cci and easy to view colors so that PA stands out instead of all the other colors blinding me from it. it was getting that I couldn't see the pips for the lemons.
Very good, Rastaman! But.....it looks just a bit bare. Think about adding Weekly and Monthly floor pivots, perhaps a MACD study and a Trix study......oh, and while you are at it, the Shi Channel and MTF Shi Channel are always useful. Also, I can personally recommend the Ichimoku hoyo Cloud study to add overall balance and a dramatic impact to the chart!
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  • #5,356
  • Aug 22, 2009 5:38pm Aug 22, 2009 5:38pm
Rastaman, if you are going to use the plain vanilla CCI, try this _v2 version on for size. I modified the CCI to provide High, Zero, and Low lines that can be individually colored and that end with the current candle. This leaves window space for some other data indicator. Also, the High/Low lines can be of selected value. Normal is 100 (makes 100 and -100 levels) but the default is set at 150 to spread them a bit further apart.

As shown in the charts, with NVO_v5 you can set "ShowBelowAvgVolumes" to "false" and thereby have just the above average volume bars. This makes a good combination with the CCI. Of course, you can make the bars whatever color you want.
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Attached File(s)
File Type: mq4 CCI_v2.mq4   5 KB | 610 downloads
File Type: mq4 NVO_v5.mq4   16 KB | 640 downloads
  • #5,357
  • Edited 7:01pm Aug 22, 2009 6:27pm | Edited 7:01pm
Quoting ddaytrader
Basber!


Where have you been, friend? Let us know you are ok!
Hi DD,
I Had Some Works To Do Last Week, And The Next Week Also. I Couldn't Be Around Much, But I'm Following The Thread Post By Post But I Couldn't Post Much Lately.
Anyway, Thanks For Asking

P.S. : The Thing Is I Really Miss You All When I'm Not Here. It's Becoming My Internet Home (Is There One ?!) For Me.

Regards,
Basber
Trading methods are designed to put the odds in our favor, not predicting.
  • #5,358
  • Aug 22, 2009 6:34pm Aug 22, 2009 6:34pm
Quoting ag_fx
Alright..as a starting point i wud stick to sonicRV3. Iam already readin the thread from beginning but it has 350+ pages and thus it will take time. I observed in initial days you were using MACD and stoch while latest charts are entirely different. I am anyways going through each post and have already gone thru the manual.
Just one question here, The pink slanting channel line on the charts, is it from a template or manually drawn? I read in inital posts that it is some indicator used by you.
[b]I might be wrong coz I have read only first...
You Can Change The Setting In Your Profile So You Can 40 Posts In Every Page. It Will Become 134 Pages Till Now. I'm Sure It Will Help You Mentally.
See This Thread As a Book. Don't Rush To Trade. Read Every Post From Beginnig AND TAKE NOTES. Isn't It Worth To Read a 350+ (Or 134) Page Book ? As Sonic Said, The Body Is Constant, There Was Some Minor Updates.
I Personally Found CCI More Reliable And Usable Than The Other Similar Indis.

Regards,
Basber
Trading methods are designed to put the odds in our favor, not predicting.
  • #5,359
  • Aug 22, 2009 6:57pm Aug 22, 2009 6:57pm
Quoting Muhammad989
Q .! Can someone tell me that what is the best MM start 1000 $ account on live trading...?

Muhammad
Hi Muhammad,
It Depends What Do You Want To Do With That Account ? If You Want To Have Withdraws, I Suggest To Not Throwing Away Your 1000 Dollors. But You Can Do Another Thing.
Try To Work With Your Account With Max 1-3% Risk (Like DD Said). So You Can Grow Your Account. Forget Withdraw.
Add 50-100$ Every Month To Your Account.
This Will Make Your Account Grow Constantly And If You Were Trading Profitably After Few Years And With You Adding Accounts, You'll Have An Account And Experience That You Can Live Your Life From This Business. In My Believe, And Because I'm Trying To Be Very Picky, I Took Only Good Trades. That With My Calculations, If I Have a 20000$ Account, I Can Have a Average 2000$/Month. I Think It Will Be OK If The Account Will Be 50000$. (I'm Targetting 500,000$ For Myself) So I Think With Proper Money Management And Consistance Deposits, You'll Have An Account That You Can Rely On It.
But The Thing That Is Crystall Clear For Me Is You Can't Have a Sensible Income With a 1000$ Account. If Anyone Told You That, I'm Sure There Is Something Wrong With Him/Her. Treat Is As a Business. Let Me Ask You Something, What Business Do You Know That Can Give You Proper Income With 1000$ ?! NOTHING !
So I Believe That The Best Thing You Can Do With 1000$ , Is To Grow The Account And Not Have Withdraw.
Or You Can Stay With Demo And Put Your Money In The Bank And After It Reaches a Proper Amount, Open a Real One.

Just My 2 Cents.

Regards,
Basber
Trading methods are designed to put the odds in our favor, not predicting.
  • #5,360
  • Edited 8:01pm Aug 22, 2009 7:00pm | Edited 8:01pm
Quoting traderathome
Very good, Rastaman! But.....it looks just a bit bare. Think about adding Weekly and Monthly floor pivots, perhaps a MACD study and a Trix study......oh, and while you are at it, the Shi Channel and MTF Shi Channel are always useful. Also, I can personally recommend the Ichimoku hoyo Cloud study to add overall balance and a dramatic impact to the chart!
Yes, that is exactly what I was thinking. This chart is almost agoraphobic.


Ahhhhhhhhhhh Home Sweet Home, Pollock & DD would be proud.


Might need a DeMark indicator though?
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Starting to see instead of just looking.
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