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Sonic R. System

  • #6,841
  • Edited Oct 21, 2009 5:11am Oct 20, 2009 11:28pm | Edited Oct 21, 2009 5:11am
Quoting Basber
Hi RM,

You're Quite Welcome

M15 Candles Are Reliable, That's Why Some Traders, Like DD, When Trading Only M15 TF, Are Successful. But I Like To Have a Look At Higher TFs Too.

I'm Not Going To Answer Your Question, Because I Want You To Find It Out Yourself. It's Much More Easier For Me To Answer Or At Least Tell You My Opinion On This, And It Will Be Easier For You Too. But It Wouldn't Be Effective Unless You Work On This Particular Subject Yourself. So I Want You To Do These Steps And Then Tell Me The Result. I Myself Was Working On This...

BASBER!

Many, Many thanks for this task, it gives me a lot to study. I can do this for maybe 6-8 hours a day on most days.

I am still trying to get my mind around the task but, have just printed out the H4 tf, and it looks like the trend is up. LoL

It may be easier to do this on the computer as the time is not exact when printed out, and putting a ruler over a candle does not show the time precisely, unlike using the hair tool in mt4. However, I will try to use print outs.

Once again many thanks.

PS: This probably has NOTHING to do with this exercise however, the first 10 min observation of these charts seems to show many hammers forming at the time 00:00 on my charts.
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Starting to see instead of just looking.
  • #6,842
  • Oct 21, 2009 12:01am Oct 21, 2009 12:01am
Quoting sonicdeejay
I just followed simple rules in EU position...

Lower High, Lower Low,
Below Sonic Dragon...

With proper SL and TP...
That about it..the rest let the mkt decides...

My daughter like to read..as for now.. we have picture books for her...

http://i38.tinypic.com/k54t55.jpg




As for me I am reading "Tools and Tactics for thr Master Day Trader" ...
Thick book Nice stuffs...

Sonic
You've a lovely daughter, Sonic.
  • #6,843
  • Oct 21, 2009 1:33am Oct 21, 2009 1:33am
EU M15: Frankfurt opened and the PA was promptly pumped....on kinda light volume, like what the asian session traders do. Could this be a Frankfurt Head Fake?

Dragon is moving down, and while somewhat level, is still pointed down. The 89 moving average is down. And, so far, this pump's high remains below the previous significant high. It wouldn't take much to top that high, but even if it does, it doesn't mean much (except a good shorting opportunity...not SonicR, for sure!) if this is a head fake.

RSI has gone into positive territory, but only slightly.

PA and 89 ma are converging on the Daily PV. This may be a launching pad for a move up, or a convergence area before another good move down.

No SonicR method trade is yet set up, but PA is closer to breakout of the previous high above the Dragon, than it is to breaking out the previous low below the Dragon. And there is a 56 pip difference between the two!

If staging for another good move is afoot, then given some more time things could change considerably as far as seeing a setup form. While this could jump at any time, the London Open is about 40 minutes off and they sometimes pussyfoot around for awhile before gettting into gear. If this is staging, they could pussyfoot around all the way to the US open, at which time things could have changed a great deal as far as seeing a setup.

......or, it could jump at any time.

It is an interesting week.
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  • #6,844
  • Edited 4:19am Oct 21, 2009 3:57am | Edited 4:19am
My yesterday Short get SL @ BE...
Now looking for next entry...

I see lot of vol coming in...and it normally come in @ at end of the move or about to change direction.. (that means... Big Boys push up the price up to Load the Shorts?)
Anyway..I will follow my rules before taking position,,

Sonic
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  • #6,845
  • Edited 5:56am Oct 21, 2009 5:07am | Edited 5:56am
Interesting, while studying the H4 charts and only looking at hammers & a couple of BEOB right now. It appears that a lot of these hammers appear at either 00:00 or 12:00 on my charts. I do not have a clue what this is on GMT but it doesn't appear to matter as long as they are consistent. My mind is still grappling with the task at hand. Hence,right now, I am only looking at hammers and the occaisional OB that stands out. If, I look at everything, I am going to confuse myself right now.



PS:

I have this strong feeling that some how 12-16 is important, I noticed this in the charts and after re reading Basber's original task list, this seems even more important. "Example: 12-16 GMT"!

Just kick me if I am going off course here.
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Starting to see instead of just looking.
  • #6,846
  • Oct 21, 2009 6:38am Oct 21, 2009 6:38am
Quoting sonicdeejay
My yesterday Short get SL @ BE...
Now looking for next entry...

I see lot of vol coming in...and it normally come in @ at end of the move or about to change direction.. (that means... Big Boys push up the price up to Load the Shorts?)
Anyway..I will follow my rules before taking position,,

Sonic
EU M15: This may be Ep now.......
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  • #6,847
  • Oct 21, 2009 6:39am Oct 21, 2009 6:39am
Look like a SHORT to me...

Sonic
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  • #6,848
  • Edited 7:08am Oct 21, 2009 6:58am | Edited 7:08am
Ok, please feel free to ignore this, I am ranting to myself.

PS: Now I really feel like I am trying to reinvent the wheel.

Hmm, sonic feels a short coming on, perhaps that may yield some answers.
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Starting to see instead of just looking.
  • #6,849
  • Oct 21, 2009 7:16am Oct 21, 2009 7:16am
Quoting Rastaman
Hmm, sonic feels a short coming on, perhaps that may yield some answers.
Getting it wrong is part of the forex business,,,
Well.. with SL and TP set....

I let the market decide...

Sonic
  • #6,850
  • Oct 21, 2009 7:16am Oct 21, 2009 7:16am
Quoting sonicdeejay
Look like a SHORT to me...

Sonic
E/U 1 HR, We got a Strong Support TL testing serveral time, is clsing in again, see how it react though.

Which TL gonna break? shall see

IMO

rgds

sry 4 the messy charts
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trade safe
  • #6,851
  • Edited 8:03am Oct 21, 2009 7:30am | Edited 8:03am
Quoting sonicdeejay
Getting it wrong is part of the forex business,,,
Well.. with SL and TP set....

I let the market decide...

Sonic
Is sonic throwing a spanner in the works of my mind here or, throwing me a fish?
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Starting to see instead of just looking.
  • #6,852
  • Oct 21, 2009 7:36am Oct 21, 2009 7:36am
Quoting Rastaman
Ok, please feel free to ignore this, I am ranting to myself.

PS: Now I really feel like I am trying to reinvent the wheel.

Hmm, sonic feels a short coming on, perhaps that may yield some answers.
Is that some kind of indicator that shows H4 candles in other timeframes?
If so, would you mind sharing it?
cut losses short, let profits run.
  • #6,853
  • Oct 21, 2009 7:39am Oct 21, 2009 7:39am
No,I just manually saved the charts in each tf. But I think you just hit the nail on the head there Domas.
I had formerly just been covering the H4 candle with the rectangle BUT, it does not correspond to the candles correctly when you lower the tf. You have to adjust them while looking at the time of each candle with the cross hair thingamajig.
Starting to see instead of just looking.
  • #6,854
  • Oct 21, 2009 7:40am Oct 21, 2009 7:40am
I come in earlier, the typical entry would as the red line.
And i just close EU 1 pips
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Be a friend, My skype id: helloworldsh
  • #6,855
  • Oct 21, 2009 7:55am Oct 21, 2009 7:55am
Quoting Rastaman
Ok, please feel free to ignore this, I am ranting to myself.

PS: Now I really feel like I am trying to reinvent the wheel.

Hmm, sonic feels a short coming on, perhaps that may yield some answers.
Rastaman, it looks like you are trying to find that "certain combination of technicals" that will invariably and accurately PREDICT. It is that versus the reality......at any time the price can move in any direction. And I think you are wasitng your time (but it is something we have all done to some extend or other, so don't feel bad).

Have you noticed how frequently (vs any other time) the setups occur as the London boys get down to trading and time moves on towards the US open? Having said that, setups occur when they occur. But notice the hours that Sonic pays attention to trading vs the hours he is off doing other things.....and it is not the amount of hours here, it is the PLACEMENT of those hours that is the key.

It all comes down to a setup (which includes momentum), and you can see when they most frequently happen.....regardless of H4 candles, pivots, the shape of the moon, etc., etc.

Better than any forex trade would be a bet against you ever achieving that which you are spending a lot of time at, because the forex market is dominated by syndicates akin to people with greedy personalities and enough money to pull off any move they want to make, at any time, and contrary to whatever direction the techincals may be pointing!

It comes down to having a method simple enough to use, competant enough to catch momentum in the early stages, yet picky enough to avoid most of the "look good clunkers". SonicR is such a method. It doesn't need "fine tuning" nor an umbrella of other technicals to "help it". Use it and focus on the Wave and the time of day in the market. Keep it simple and use good money management once the trade is on.

Ok, now I'll shut up.
  • #6,856
  • Oct 21, 2009 7:59am Oct 21, 2009 7:59am
Is this a feasible projection?

The market will let me know, for sure.
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Starting to see instead of just looking.
  • #6,857
  • Oct 21, 2009 8:04am Oct 21, 2009 8:04am
Quoting Rastaman
Is this a feasible projection?

The market will let me know, for sure.
I do not know where the price will go but..

IF it goes down and trigger ur EP..I think ur SL is not proper ..it should be at least above 1.495xx


Sonic
  • #6,858
  • Oct 21, 2009 8:08am Oct 21, 2009 8:08am
EU H1: I am using H1 only because it contains enough data easily viewable to show something.

PA may be forming triangle that more often than not, breaks thru the level side, down in this case. And "down" would be about the same as the height of the PA highs above the level side....i.e., the blue rectangle which aligns well with a SR area a while back.

I show this only as a thought as to what a down sde move might bring near term, should we get a downside move.

Trade the charts. Trade SonicR.
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  • #6,859
  • Oct 21, 2009 8:10am Oct 21, 2009 8:10am
Quoting Rastaman
I have this strong feeling that some how 12-16 is important, I noticed this in the charts and after re reading Basber's original task list, this seems even more important. "Example: 12-16 GMT"!

Just kick me if I am going off course here.
12:00 To 16:00 GMT Is The Most Volatile Hours Of The Market. So If a PB Formed In This Hours, It Will Be More Reliable For Me Than Other Hours. That's The Point For Me More Volume, More Accurate !

Regards,
Basber
Trading methods are designed to put the odds in our favor, not predicting.
  • #6,860
  • Oct 21, 2009 8:12am Oct 21, 2009 8:12am
Quoting Rastaman
Is this a feasible projection?

The market will let me know, for sure.
Rastaman, folks, please throw the _v4 Pivots I briefly posted over the weekend. There is a label error that causes all the pivots levels to show the same price. This is fixed and I will re-release _v4 next week. I just want to use and check all out first.

Rastaman, I see this error in your charts.

Sorry for the inconvenience, folks.
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