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Sonic R. System

  • #6,881
  • Oct 21, 2009 12:56pm Oct 21, 2009 12:56pm
Quoting Domas4
I think this discussion about manipulated market is both right and wrong.
Ddaytrader is afraid that traders will get an illness of external locus
of control ("market is being manipulated!"), and traderathome wants traders
be prepared for everything ("you can't explain every move in forex unless
you work in a central bank!"). They are both right.

Overall, EUR/USD is in an uptrend in almost all timeframes. The trendline which was tested a few times before, and is very important, held when it was tested, so I expected the PA to bounce back and...
Good overview, Domas4. Thank you.

.....now, if you and ddaytrader would just post your thoughts in a more TIMELY manner.......
  • #6,882
  • Oct 21, 2009 1:00pm Oct 21, 2009 1:00pm
Quoting ddaytrader
I am not one of the "Big Boys," and yet I was able to get long EU at 1.4930, with TP1 hit at 1.4995 and TP2 at 1.5040.

I have posted this type of trade in the past here, and I call it an "advanced SonicR. I look for price to plant a low at potential support (in this case the lower trendline of the SH1 channel), and then rally, with a pullback to a higher low, and I then buy the break of that first rally high.

All technical analysis, nothing but using S/R, and L-H-HL as Sonic teaches.
TP1 hit +65
TP2 hit +110
Attached Image (click to enlarge)
Click to Enlarge Name: EU 10-21-2009 Advanced SonicLong TP21.jpg Size: 86 KB
  • #6,883
  • Oct 21, 2009 1:01pm Oct 21, 2009 1:01pm
EU M15: Whether or not PA stops here, its trek towards the upper TL, the CCI indicator is showing strong divergence. A downside move may be upcoming (next session?). Not that the bears will take control, but after this run up, a pullback would be normal.
Attached Image (click to enlarge)
Click to Enlarge Name: # 162 .gif Size: 31 KB
  • #6,884
  • Oct 21, 2009 1:03pm Oct 21, 2009 1:03pm
Quoting ddaytrader
TP1 hit +65
TP2 hit +110
Darn good trading, ddaytrader. I'll get the hang of it sooner or later.....
  • #6,885
  • Oct 21, 2009 9:19pm Oct 21, 2009 9:19pm
TAH

I removed the pivots as recommended and am just using sweetspots gold as possible swingpoints.

Is the pivot you are using in 2 posts above the old GMT pivot? Also, I notice a lot of people including yourself using the Vol enhanced v2 instead of the NVO. Is this a better volume indicator or are you just using it on another chart.
Starting to see instead of just looking.
  • #6,886
  • Edited 11:52pm Oct 21, 2009 11:21pm | Edited 11:52pm
BASBER, I think I assign an 80 score to this BEOB!

Mainly for being at the top of a long uptrend, for bouncing off the 1.05350, for breaking the 1.50000 mark at 1.49769 and last but not least for the nice wave it makes below the Tunnel dragon on M15.

Nice BEOB on H4 that bounces off the 1.49750 mark.

H1 shows us a Lower High & Lower Low but, pa is finding support off the 1.49750 and mid tunnel dragon line & trendline.

M15 shows us the retrace which may find resistance at the 1.50000, in which case I think we may Possibly have a good short setup as Sonic dragon is starting to point down and 89 ema is flattening out.
Attached Image(s) (click to enlarge)
Click to Enlarge Name: h4 sstar.jpg Size: 210 KB
Click to Enlarge Name: h1.jpg Size: 191 KB
Click to Enlarge Name: m15.jpg Size: 191 KB
Starting to see instead of just looking.
  • #6,887
  • Edited 11:55pm Oct 21, 2009 11:44pm | Edited 11:55pm
Looks like 38.2 fibo is holding as resistance.

That said we still have 2 hours 15 mins till LO, maybe the FO will do it.
Attached Image(s) (click to enlarge)
Click to Enlarge Name: m15.jpg Size: 194 KB
Click to Enlarge Name: m15z.gif Size: 27 KB
Starting to see instead of just looking.
  • #6,888
  • Oct 22, 2009 12:37am Oct 22, 2009 12:37am
Basber, another discovery.

I am comparing the Bearish engulfing candles on EU from yesterday and today. I know today is a BEOB candle but never the less it is still a bearish candle.

Blue box is yesterday's BE and Grey box is today's.

On H4 TF yesterday's candle initially looks to be a better candle as it tested the tunnel dragon middle line. when we look at the same candle on H1, we see it broke the tunnel dragon lower line BUT before that, gave us a Higher High & Higher Low as opposed to the BEOB today. The BEOB today, on H4 closed well above the dragon but on H1 it gives us a Lower High & Lower Low!
And on M15 it gives us a sonic wave setup for both a possible LONG & SHORT setup.

I suppose we have to maintain an open mind about this sort of setup.

I actually still favor the SHORT on todays setup even though price is rising.


I know these things are perhaps easy to see in hindsight however, the BEOB today seemed to point out the fault in the BE candle yesterday.
Attached Image(s) (click to enlarge)
Click to Enlarge Name: h4 be yesterday.jpg Size: 169 KB
Click to Enlarge Name: h1 be yesterday.jpg Size: 160 KB
Click to Enlarge Name: m15 be yesterday.jpg Size: 196 KB
Starting to see instead of just looking.
  • #6,889
  • Oct 22, 2009 12:54am Oct 22, 2009 12:54am
OK, I have a Short order in place.
Attached Image(s) (click to enlarge)
Click to Enlarge Name: m15 be yesterday.jpg Size: 200 KB
Click to Enlarge Name: hammer.gif Size: 32 KB
Starting to see instead of just looking.
  • #6,890
  • Oct 22, 2009 1:04am Oct 22, 2009 1:04am
Quoting Rastaman
TAH

I removed the pivots as recommended and am just using sweetspots gold as possible swingpoints.

Is the pivot you are using in 2 posts above the old GMT pivot? Also, I notice a lot of people including yourself using the Vol enhanced v2 instead of the NVO. Is this a better volume indicator or are you just using it on another chart.
The pivots shown are the new _v4 which I am doing live feed testing on. I released over last weekend, but due to no live feed while working on them, I missed some things that needed a bit more work. I should be releasing them next week.

As for the Volumes Enhanced vs NVO....NVO is more visual about showing sudden increase in relative volume due to the fact that normal and below normal volumes are below zero line and all one color, yet the above normal volumes are of different colors and above the zero line. On the other hand, Volumes Enhanced shows all volume bar heights in accordance with their actual volume value. Sometimes NVO shows a spike which looks impportant, but Volumes Enhanced shows the spike actual value amount....which sometimes, though high relatively, is still quite low. I use both, but lean towards the Volumes Enhanced.
  • #6,891
  • Edited 1:34am Oct 22, 2009 1:07am | Edited 1:34am
EU M15: Setup as I currently view it....

Edit: Adjusted Tps upwards.
Edit: Second chart....maybe starting to run.
Attached Image(s) (click to enlarge)
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Click to Enlarge Name: # 165 .gif Size: 36 KB
  • #6,892
  • Oct 22, 2009 1:20am Oct 22, 2009 1:20am
Quoting traderathome
The pivots shown are the new _v4 which I am doing live feed testing on....
Thanks T and indeed thanks for the no doubt hard work you and Domas are putting into this pivot.

Just looked through the thread for the latest Vol enhanced indi but could not even find an old version. When you are not busy, could you possibly post it?

Thanks in advance.
Starting to see instead of just looking.
  • #6,893
  • Oct 22, 2009 1:43am Oct 22, 2009 1:43am
I am in an am going to let the market do whatever it likes.
Attached Image (click to enlarge)
Click to Enlarge Name: iin.jpg Size: 232 KB
Starting to see instead of just looking.
  • #6,894
  • Oct 22, 2009 2:08am Oct 22, 2009 2:08am
Quoting Rastaman
Thanks T and indeed thanks for the no doubt hard work you and Domas are putting into this pivot.

Just looked through the thread for the latest Vol enhanced indi but could not even find an old version. When you are not busy, could you possibly post it?

Thanks in advance.
Volumes Enhanced_v2 is in-work. A visual Alert Level (user external input) line is added and Domas4 just suggested we consider an audible alert, too. So first I will finish live feed test of PivotsMW_v4 and PivotsD_v4 and get them released next week. Then I will work on the audible alert for the Volumes Enhanced_v2. I am even thinking of adding the Candle Timer (TFTimer) to it, as I show on my charts. I will try to get it released the following week....but no promises.
  • #6,895
  • Edited 4:17am Oct 22, 2009 2:17am | Edited 4:17am
Thanks T

I actually meant the version that Domas is using which, I take is not in alpha testing but is currently being used.


PS: Did you EP get hit on EU? Mine did. And I am not sure I like these tweezer bottoms.

Just wondering if we are going to see any shenanigans around the Edit: 61.8 fibo.
Attached Image (click to enlarge)
Click to Enlarge Name: ep.jpg Size: 196 KB
Starting to see instead of just looking.
  • #6,896
  • Oct 22, 2009 2:24am Oct 22, 2009 2:24am
Quoting Rastaman
Thanks T

I actually meant the version that Domas is using which, I take is not in alpha testing but is currently being used.


PS: Did you EP get hit on EU? Mine did. And I am not sure I like these tweezer bottoms.

Just wondering if we are going to see any shenanigans around the 8.2 fibo.
Yes, I am in.

For the Sonic Volumes Enhanced, click on paper clip at upper right of this page window/goto page 14 and you will have the .mq4 file to download.
  • #6,897
  • Oct 22, 2009 2:56am Oct 22, 2009 2:56am
Quoting traderathome
Yes, I am in.

For the Sonic Volumes Enhanced, click on paper clip at upper right of this page window/goto page 14 and you will have the .mq4 file to download.

As always, appreciated.
Starting to see instead of just looking.
  • #6,898
  • Oct 22, 2009 3:13am Oct 22, 2009 3:13am
Hello, guys!

Anyone shorted GU? Looked like a valid set-up. Too bad, I've missed it because was away from the monitor. If it makes a retrace, I'm gonna go short from there.

Regards, snu.
  • #6,899
  • Edited 3:34am Oct 22, 2009 3:23am | Edited 3:34am
EU seems to be having a little trouble breaking this resistance line. If we look at H1 we can see it is struggling to break the 89 EMA.

However, I am really excited about this trade whichever way it goes as, this is probably the first real sonicR I have EVER really worked out by myself after seeing the difference in the two BE candles on H4.

And, without Basber's task, I would MORE than likely, not even have considered this today.
Attached Image(s) (click to enlarge)
Click to Enlarge Name: ep.jpg Size: 202 KB
Click to Enlarge Name: eph1.jpg Size: 215 KB
Starting to see instead of just looking.
  • #6,900
  • Oct 22, 2009 4:02am Oct 22, 2009 4:02am
Quoting snusnufreak
Hello, guys!

Anyone shorted GU? Looked like a valid set-up. Too bad, I've missed it because was away from the monitor. If it makes a retrace, I'm gonna go short from there.

Regards, snu.
is valid, and Gpb retail bad news cause the plunge. i didnt took it, becos of the news incoming.

tats how i sees it though. TP1 shld be in bag already.
Attached Image (click to enlarge)
Click to Enlarge Name: gu.jpg Size: 189 KB
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