Sonic R. System

Rastaman, you and I were discussing yesterday, a H&S on EU Day chart.

This drive up messes with that configuration, but it puts into play the possibility of a Double Top. I would love to see that! Should it happen, I can believe price could proceed on a 1000+ pip move down over many months ahead, with lots of tradeable ups and downs along the way.

Not that it would change our trading method any. I too, missed this move. I was working on other "stuff". The rest of this month could be very interesting as it might be the timeframe of a change in trend.

That is correct. You can have most of the prominent features of the TzPivot indys without having to mess with shifting time zones.

Shifting time zones is viewed by some scalp traders as absolutely necessary for maximum gains on very short term, low pip trades. Cobra uses the TzPivots indys in THV, shifted to GMT for that reason.

However, for SonicR trading, time zone shift is not critical. Neither is the decision as to whether to show pivots using the Daily or the Fibonacci formula. As ddaytrader has said, PA respects "pivots" when they align with past areas of PA consolidation. So, it is not the pivots that are critical, but the history of PA movement.

So, for a less complicated world, the new PivotsMW and PivotsD will be the ticket!

EU: Looking at Day chart gives me the expectancy there could come to pass a Double Top. I think the price may not turn down in any big way until we see lots of volume at the highs. This M15 chart illustrates.

EU M15: I know this is not part of SonicR, but while PA keeps getting pumped, serious divergence is being created! A good run down could be not far away.

Thanks Basber for the analysis.

Regards
Lmarti

TAH

I think I possibly caused confusion with the dialogue we had on the 5th,

The day before yesterday, I mentioned a Reverse head & shoulder pattern forming the right shoulder on D1 as in the photo. Yesterday the neckline was broken.That is why I was thinking Bullish on the reentry on the H1 tf.

PS. I notice on your daily chart that the Reverse H&S does not look like a Reverse H&S?
Is this because of our broker's time difference?
http://cdn.forexfactory.com/attachme...1&d=1254817054

GU M15: Getting close to short setup....
EU M15: A little behind, but getting close also.

Frankfurt opens in about 1/2 hour. I'd think within 30 minutes following we should know if they will get moved up again, or start to move down.

Good morning, Sonikers!

My GU trade - fast 30 pips.

Regards,
snu

Thanks to grant18265 for pointing out errant pivots in the PivotsMW indicator! Prompted by this, and by the work Domas4 has done to code in the ability to handle Gold prices (should the user have that trading option on the platform), an upgrade to both the PivotsMW and PivotsD indicators is now available and attached hereto.

Once again, I encourage users to read the user notes at the top of the compile once downloaded and installed in the Experts/Indicators file in MT4. Open MedaEditor and select the indicator from the Indicators list. The compile will appear and you can read the user notes.

Again, thanks to grant18265 for the "heads up" on errant pivots, and to Domas4 for his work on thses indicators and the TzPivots indicators, for which upgrades will soon be released.

Users will find most of the key features of the TzPivotsMWD indicators are provided in the PivotsMWD indicators, just without the time zone shift feature. The time zone shift feature previously included in PivotsMW is removed since the new TzPivotsMW is released. Due to errant MW pivots in all previous PivotMWD releases, I suggest users discard them.

The attached chart gives a visual of the two indicators display.

Thx for your hard work on indi's guys!

Seems like I cannot find the users note?

What is the candle on the right of the screen?
Sorry for my ignorance here.
Thanks

Nice one...

Am still in wait and see mode for this week...

Sonic

Been absent from the thread for quite awhile so will need to read up a bit.
Interested in some more info on these last pivots traderathome just posted.

Nice hammer on USD/JPY H4 which turned into a real nice Sonic wave on M15!

Download indicators. Install them into MT4 Program folder/experts/indicators. When you open MT4 to run it, these indicators will be "processed" so that they appear in the list of indicators in the MedaEditor, which you can access by clicking on it's yellow diamond icon in the MT4 banner. Once MedaEditor screen opens, on the right side are file choices. Go to Indicators and open the list. Your will scroll down and find these two added indicators. To open and see the compile for one, just double click on the indicator's name in the list. It is that easy!

That's all done mate, I thought that you meant there was like an explaination, some sort of users manual lol.
They are already running in my charts, I changed some colors and stuff but thought there was something to read as you posted earlier.
Thanks anyway

I don't seen no durned hammer! See, that is the problem with chart TFs over 1 hour......different brokers using different servers based on different time zones, get different candles!

EU M15: May be setting up short.....once again. The concern is will US open, still over an hour away, take it up, or will a run down begin beforehand and the US open traders simply join in.....?????

Perhaps this large Outside bar (lower image) on H1 is a sign of a possible reversal.

TAH

You didn't get a hammer but you had an Inside bar.
http://cdn.forexfactory.com/attachme...1&d=1254910696

PS: Many thanks TAH & Domas for these pivots.

EU M15: How I see potential short trade currently.....keeping in mind that US open traders may move it back up.