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Sonic R. System

  • #5,861
  • Sep 2, 2009 1:42pm Sep 2, 2009 1:42pm
Hey Guys,


I know it's a dumb doubt but i want to know how do u guys know at what level to put the S & R levels. Is it the height of the highest green candle and the first down candle. Once it breaks one of those than u buy or sell. Not setting those lines correctly. So i had to ask
  • #5,862
  • Sep 2, 2009 7:05pm Sep 2, 2009 7:05pm
Quoting sonicdeejay
Sonikers are waiting,,,,

http://2.bp.blogspot.com/_TsE8UiBLey...ow+a+brick.jpg

Sonic


Better get prepared.

http://www.contourmd.com/v/vspfiles/photos/330FP-2T.jpg
Starting to see instead of just looking.
  • #5,863
  • Sep 2, 2009 7:12pm Sep 2, 2009 7:12pm
DD you are the maestro to my symphony. Dude you are makng plenty sense when it come to the rules. The more and more I read the more and more I get better. For the record for the past 2 weeks I have been doing REALLY well with this method but I would like to know "What I see when I think I see it". I am learnning from many of you. Keep posting and I would like to join the ranks of the rest to help others. SHARING IS CARING. Believe me this knowledge is not being over looked. Since I have been in this forum Muhammad has took off like a rocket. Sometimes I may have to throw a brick at'em to get those indys off the chart. All in all he has advanced quite well. Until my next post. Thank you and keep posting. When I see what I see I will post. Otherwise no crap or useless verbage from me. Only the what if charts.
  • #5,864
  • Sep 2, 2009 7:21pm Sep 2, 2009 7:21pm
Quoting ddaytrader
Sometimes you will have losses....

DD, what would be the deciding factor to keep us from taking the break before where you would have taken the Short?
I think not taking certain setups or as Basber says "Being Picky" is equally as important as making the decision to take a trade.

I have been wondering for a while now, if penetration depth of Dragon is a factor.
Meaning, if we are looking to take this short, because the swing up through the tunnel penetrates by 2 full candles as it does at point B, is that too much of a swing high compared to the single candle that closed in the swing low at point A.
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Starting to see instead of just looking.
  • #5,865
  • Sep 2, 2009 7:34pm Sep 2, 2009 7:34pm
Guys, can somebody explain how to interpret NVO ?
cut losses short, let profits run.
  • #5,866
  • Sep 2, 2009 7:44pm Sep 2, 2009 7:44pm
Quoting Domas4
Guys, can somebody explain how to interpret NVO ?

Here is a instruction that how you can read the NVO indicator :
First of all, the normalized values are now expressed in percentage of the average value for a period. Accordingly, the data on the chart can now take negative values, too. This will mean some lull on the market.
Another useful innovation is coloring histogram bars according to the normalized volume size.
- Blue color means that the current volume is less than the average one for this period. - Dark green color means a small exceeding in volume as compared to the average one for this period. - Light green color means that the increase in volume has exceeded the Fibo level of 38.2% as compared to the average one for this period. - Yellow color means that the increase in volume has exceeded the Fibo level of 61.8% as compared to the average one for this period. - White (it is red in the image below not to melt into the background) color means that the increase in volume has exceeded the Fibo level of 100% as compared to the average one for this period.
Attached Image
Starting to see instead of just looking.
  • #5,867
  • Sep 2, 2009 7:44pm Sep 2, 2009 7:44pm
SonicR Short on S&P futures? Earlier long set up never triggered.

EP 992.50
SL 995.25 (-2.75)
TP 885.75 (+6.50)

I do not like this particular set up as I do not like the swings given the time of day. I'd like more volatility leading up to the potential trigger. I'm going to watch this, but not trade it.
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  • #5,868
  • Sep 2, 2009 7:47pm Sep 2, 2009 7:47pm
Another cup of coffee and I now see the answer to my own question as to why we would have stayed out of that short.
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Starting to see instead of just looking.
  • #5,869
  • Sep 2, 2009 7:47pm Sep 2, 2009 7:47pm
Quoting Rastaman
Here is a instruction that how you can read the NVO indicator :
First of all, the normalized values are now expressed in percentage of the average value for a period. Accordingly, the data on the chart can now take negative values, too. This will mean some lull on the market.
Another useful innovation is coloring histogram bars according to the normalized volume size.
- Blue color means that the current volume is less than the average one for this period. - Dark green color means a small exceeding in volume as compared to the average one for this...
Latest realease of NVO does not have fibonacci numbers of 38.2 or 61.2 - it has 33 and 66.
All what you just posted is fine, but how to interpret it when trading.
I mean, should I look for divergences or something. If the bar is high and candle is short what does it mean? If the bar is high and candle is long - what's that? Stuff like that.
cut losses short, let profits run.
  • #5,870
  • Sep 2, 2009 7:48pm Sep 2, 2009 7:48pm
With that being said I saw a hammer on the 4hr of the E/J. Let me know wht you think of this is something you would like to consider on the 15-min. be carefule because I have bee wAITING ON THIS SINCE 4pm EST. It may react during FO/LO. Trade with caution. (10 pips seem to be a good bet when trading uncertainty) something better than nothing.
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  • #5,871
  • Sep 2, 2009 7:58pm Sep 2, 2009 7:58pm
Quoting Rastaman
DD, what would be the deciding factor to keep us from taking the break before where you would have taken the Short?
I think not taking certain setups or as Basber says "Being Picky" is equally as important as making the decision to take a trade.

I have been wondering for a while now, if penetration depth of Dragon is a factor.
Meaning, if we are looking to take this short, because the swing up through the tunnel penetrates by 2 full candles as it does at point B, is that too much of a swing high compared to the single candle that closed in the...
I am assuming you are asking about taking a short on a break below point A. The problem is that at point B, price made a higher high, so the short set up off of point A is no longer in play.
  • #5,872
  • Sep 2, 2009 8:04pm Sep 2, 2009 8:04pm
Quoting ddaytrader
SonicR Short on S&P futures

EP 992.50
SL 995.25 (-2.75)
TP 885.75 (+6.50)
Short S&P futures triggered
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  • #5,873
  • Sep 2, 2009 8:06pm Sep 2, 2009 8:06pm
Quoting Domas4
Latest realease of NVO does not have fibonacci numbers of 38.2 or 61.2 - it has 33 and 66.
All what you just posted is fine, but how to interpret it when trading.
I mean, should I look for divergences or something. If the bar is high and candle is short what does it mean? If the bar is high and candle is long - what's that? Stuff like that.

Better ask TAH about his new indi.


Thanks D

I had come to that very same conclusion.
Starting to see instead of just looking.
  • #5,874
  • Sep 2, 2009 9:14pm Sep 2, 2009 9:14pm
Quoting ddaytrader
I am assuming you are asking about taking a short on a break below point A. The problem is that at point B, price made a higher high, so the short set up off of point A is no longer in play.
So now at point B we are looking to possibly go long. But, since it fell below the Dragon we are looking to short. Waiting for the pull back with a LH.

Does it matter that the price did not pull back into the dragon? Also, what about the long tail that makes up the LL? Would these things stop an entry?
  • #5,875
  • Sep 2, 2009 9:18pm Sep 2, 2009 9:18pm
Quoting Pipdance
So now at point B we are looking to possibly go long. But, since it fell below the Dragon we are looking to short. Waiting for the pull back with a LH.

Does it matter that the price did not pull back into the dragon? Also, what about the long tail that makes up the LL? Would these things stop an entry?
Sorry forgot the pic
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  • #5,876
  • Sep 3, 2009 12:14am Sep 3, 2009 12:14am
Right folks, I am off to China (Harubin) for a month on Saturday so, will only be able to check in occasionally after Saturday.

I will keep working on my entry and thinking about this wonderful thread and the even MORE than WONDERFUL people in it.

Thanks folks.

My Crash course in Chinese has revealed the two phrases necessary for the trip. They are (Lian Pijo) Cold Beer, and (Lua Soa) Shut up. The later my wife is constantly telling me.

Have fun.

Hang on, is that a SETUP?

http://t3.gstatic.com/images?q=tbn:Q...nd_friends.jpg
Starting to see instead of just looking.
  • #5,877
  • Sep 3, 2009 1:05am Sep 3, 2009 1:05am
Quoting Domas4
Latest realease of NVO does not have fibonacci numbers of 38.2 or 61.2 - it has 33 and 66.
All what you just posted is fine, but how to interpret it when trading.
I mean, should I look for divergences or something. If the bar is high and candle is short what does it mean? If the bar is high and candle is long - what's that? Stuff like that.
Domas4, the point of the NVO (Normalized Volume Oscillator) indys is to alert when relative volume suddenly rises. It means increased trading at the current prices. This is subject to interpretation. Sometimes the price goes up with highest volume at the highs indicating possible "Launch and liqudate!" (pump 'n dump) confirmed with follow on low volume and dropping price. Sometimes the price goes down on increasing volume indicating possible "Sink and salvage!" (torpedo and buy) confirmed by follow on low steady volume and price, and later, rising price. To get the feel of it, turn the labels on and watch it on the M1/M5 charts sometimes. You will begin to get the feel of it. And back off and look at it on the M30 chart and see where high relative volume was, and what happened to the price. Based on whatever incoming volume data your platform gets, the NVO indys will flag increasing relative volume. You can set your own graduations (38.2/61.8, or 33/66, or anything you'd like).

At the beginning, don't read too much into the volume, just be aware it is showing when increased trading occurs. It is just one of the clues the techicals can provide.
  • #5,878
  • Sep 3, 2009 1:20am Sep 3, 2009 1:20am
here my today trade setup e/j ......132.50 careful area .....
Attached Image (click to enlarge)
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FxHome
  • #5,879
  • Sep 3, 2009 2:04am Sep 3, 2009 2:04am
if u read the PA and u check 4hr chart and check the bounce the 131.00 lvl and up really i found the bullish engulfing candle ....it is BLSH .......hope u understand my english not good..



Quoting Rastaman
Muhammad


Can you explain how you decided on taking this long trade even though the H1 trend is down hard?

I know DD mentioned that higher TF are not that important but the H1 being down like this would certainly prevent me from taking a long trade here.

This is of course my lack of experience, still I would really like to know the reasons for this trade.


Wishing you good luck with it.
FxHome
  • #5,880
  • Sep 3, 2009 2:26am Sep 3, 2009 2:26am
Quoting Muhammad989
if u read the PA and u check 4hr chart and check the bounce the 131.00 lvl and up really i found the bullish engulfing candle ....it is BLSH .......hope u understand my english not good..
A picture is worth 1000 words.

My entry is similar to yours Muhammad and here is the reason.
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