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Sonic R. System

  • #7,201
  • Edited 1:16pm Oct 30, 2009 12:52pm | Edited 1:16pm
Now, if I had to pick which seemed to be most accurate (so far) on that move, it would be the second illustration......the measure of the first H to L move, with extensions applied thereto without any move.

My point is not how this trade should be "measured" for possible Tps. ddaytrader, you are more experienced, skilled and successful at this than likely anyone else here will be for some time to come. My point is that the references to "162% level, 262% level, etc." don't jive with the real world math. In other words, the 162% level is exactly 162% of ....WHAT????? It is certainly not 162% of the first swing H to L then applied to the second lower high, as the first of the three charts prove.

But, hey......if it works..........(I was just trying to get our numbers to agree, or understand why they weren't.)
  • #7,202
  • Oct 30, 2009 2:12pm Oct 30, 2009 2:12pm
Quoting furburr
DD and TAH, I think you guys are referring to Extensions and Projections. Both of you are right
I meant expansion. Perhaps a fib extension is as TAH describes it. But that is not what I am using. I am using fib expansions and I am measuring from the "C" pivot of an ABC formation.

Now, semantics aside, I find expansions as calcukated by the proper use of the fib expansion tool to be very useful. I do not use "extensions" as used by TAH.
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  • #7,203
  • Oct 30, 2009 2:21pm Oct 30, 2009 2:21pm
Quoting traderathome
The results you are getting may work fine, but they do not represent 162% of anything that we are dealing with here, so far as I can see.
Sure it does. I am taking 162% of the move from A (the first high) to B (the first low) and measuring that down form C (the reaction high).

Read Elliot Wave Principle by Frost and Prechter and you will see that these are very much real world applications.

I did a quick google search and I came up with this site, where the application is being made exactly as I described it here:

http://www.smarttradingforprofits.co...profit-targets

I do not see what your charts are supposed to illustrate.
  • #7,204
  • Oct 30, 2009 2:25pm Oct 30, 2009 2:25pm
Quoting ddaytrader
I meant expansion. Perhaps a fib extension is as TAH describes it. But that is not what I am using. I am using fib expansions and I am measuring from the "C" pivot of an ABC formation.

Now, semantics aside, I find expansions as calcukated by the proper use of the fib expansion tool to be very useful. I do not use "extensions" as used by TAH.
As used by us, extensions = expansions, same ball of wax. Our numbers will not agree, which makes duplication somewhat of an issue, but we overcome, right? I am curious though, so if you ever find out exactly what "1.618" means.....that is to say the level with that label is 1.618 x exactly what? I am really curious to know, because mathematically it is not 1.618 x the distance of either swing applied to either swing's high point!
  • #7,205
  • Oct 30, 2009 2:38pm Oct 30, 2009 2:38pm
Quoting ddaytrader
Sure it does. I am taking 162% of the move from A (the first high) to B (the first low) and measuring that down form C (the reaction high).

Read Elliot Wave Principle by Frost and Prechter and you will see that these are very much real world applications.

I did a quick google search and I came up with this site, where the application is being made exactly as I described it here:

http://www.smarttradingforprofits.co...profit-targets

I do not see what your charts are supposed to illustrate.
ddaytrader, you are vindicated! And I am banished from the realm for a forthnight for being a dunce!!!!! (too close to the trees to see the forest)......

I simply was not placing the tool appropriately the way it is currently configured. The chart shows how I must place it. And when I do, your exact numbers appear........Hurrah! (phew! Now maybe I can start making better money with ddaytraders help!)

Edit: Thanks for the link, ddaytrader. Some weekend reading is in order, no doubt.
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  • #7,206
  • Oct 30, 2009 2:42pm Oct 30, 2009 2:42pm
Quoting traderathome
because mathematically it is not 1.618 x the distance of either swing applied to either swing's high point!
I don't know what more to say to you, TAH.

It is exactly High2 - [1.62*(High1-Low1)]

For a long trade, the formula would be L2 + [1.62*(High1-Low1)]

Here is one more chart that I have taken from another broker. This broker has fixed whole pip pricing so, so mathematical precision is easier to come by. See if this makes more sense to you.
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  • #7,207
  • Edited 3:47pm Oct 30, 2009 2:49pm | Edited 3:47pm
Quoting ddaytrader
I don't know what more to say to you, TAH.

It is exactly High2 - [1.62*(High1-Low1)]

For a long trade, the formula would be L2 + [1.62*(High1-Low1)]

Here is one more chart that I have taken from another broker. This broker has fixed whole pip pricing so, so mathematical precision is easier to come by. See if this makes more sense to you.
See above. The light has already come on!

Edit: Reconfigured FE tool from its former special purpose.....getting with the plan! Thanks for your patience and putting up with me on this, ddaytrader. Have a great weekend.
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  • #7,208
  • Edited 7:49pm Oct 30, 2009 3:54pm | Edited 7:49pm
Quoting traderathome
Thanks for your patience and putting up with me on this, ddaytrader.
No problem, TAH.
  • #7,209
  • Edited 10:56pm Oct 30, 2009 10:14pm | Edited 10:56pm
Anyone else getting these errors from FFcal?
Keeps crashing my MT4 platform on opening it.

Maybe they changed the server again?
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Starting to see instead of just looking.
  • #7,210
  • Oct 31, 2009 1:25am Oct 31, 2009 1:25am
Quoting Rastaman
Anyone else getting these errors from FFcal?
Keeps crashing my MT4 platform on opening it.

Maybe they changed the server again?
My lap top's MT4 uses FFcal..but I left it at work... I can only check out for you in Monday...


Sonic
  • #7,211
  • Oct 31, 2009 3:55am Oct 31, 2009 3:55am
I Believe It's a Good Article. Maybe You Disagree With Some Parts Of It, If Yes, Share You're Thoughts So We Can Discuss And Learn From Each Other.

Click HERE.

Read "Read .................. To Learn More" Too.

Regards,
Basber
Trading methods are designed to put the odds in our favor, not predicting.
  • #7,212
  • Edited 10:21am Oct 31, 2009 9:41am | Edited 10:21am
Friday ddaytrader generously shared a trade for which Tps were projected using fibonacci expansions. Those expansions were correct, but not to my way of thinking, which was incorrect. I was wrong!

After doing something a certain way for so long, albeit in a different situation, I had become so fixated on the "correctness" of it, I lost something important......the ability to keep my mind open to possibilities. In this case, the possibility that I was wrong just was not on the table to start with. The unfolding of what transpired is clear in the posts involved. I was unrelenting, and so sure of myself I became somewhat animated, much to my embarrasement now as I look back on it.

To ddaytrader's credit, he remained calm and persistent in tring to help someone who was just not "getting it". My respect for ddaytrader, already topnotch, has caused me to have to carve new notches above, just to elevate him to his deserved place. I am not talking trading now, I am talking about the man. Ddaytrader is a genuine and good person, whose demonstrated patience and caring I have benefitted from, and shall be forever grateful for. For him, I have crossed back over the line from a closed mind to an open mind, a process not easy to accomplish. And from here I can see myself in a new light. I have some work to do on myself. But even being able to recognize that is an accomplishment, an accomplishment made possible only because of ddaytrader's mature handling of the situtation.

Thank you, and may God bless you and yours, ddaytrader.
  • #7,213
  • Oct 31, 2009 10:38am Oct 31, 2009 10:38am
Quoting Rastaman
Anyone else getting these errors from FFcal?
Keeps crashing my MT4 platform on opening it.

Maybe they changed the server again?
Rastaman, while I have never looked at the Experts file while running FFCAL, it causes no problems with MT4, Build 224. Some months ago, I downloaded the program, which has apparently been working flawlessly since. I say apparently only because I have never viewed the Experts log while it was running. If there are "issues" in the log, nothing is significant enough to have shown anything noticeable. I will view the log the next time I have FFCAL running with a live feed, just to see what, if anything, might be there. I will also test it on MT4, Build 225 which is the latest to my knowledge, but has no "functional" changes from Build 224 according to my broker.

Meanwhile, I have attached the FFCAL.mq4 file I am using. I made some code additions to add some external inputs allowing such things as adjusting space between lines and between groupings of lines, and to turn off the "advertisement" heading, which only adds clutter to the screen. I have done nothing to change any of the core coding. If your FFCAL continues to cause problems, try the attached. And please let me know if it helps.
Attached File(s)
File Type: mq4 FFCal.mq4   49 KB | 419 downloads
  • #7,214
  • Edited 9:16pm Oct 31, 2009 8:51pm | Edited 9:16pm
Quoting traderathome
Rastaman, while I have never looked at the Experts file while running FFCAL, it causes no problems with MT4, Build 224. Some months ago, I downloaded the program, which has apparently been working flawlessly since. I say apparently only because I have never viewed the Experts log while it was running. If there are "issues" in the log, nothing is significant enough to have shown anything noticeable. I will view the log the next time I have FFCAL running with a live feed, just to see what, if anything, might be there. I will also test it on MT4,...

Thanks T

It is not just a problem with the messages in the experts log, it actually is crashing the platform when loading the charts and or changing the TF of the charts.

EDIT:
Thanks T

It seems to work fine. The other version would not display at all.


I will give your version a try but I think this may be the same version I already have, if you have released it previously.


EDIT:
Thanks T

It seems to work fine. The other version would not display at all.
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Starting to see instead of just looking.
  • #7,215
  • Edited Nov 1, 2009 1:36am Oct 31, 2009 10:50pm | Edited Nov 1, 2009 1:36am
Guys...

I am planning for 2 weeks holiday with my family.. from 2nd week of Nov till the end of Nov...

I won't be contactable at that time...I will try to logg in thou ,,

http://media-cdn.tripadvisor.com/med...d/6e/bagan.jpg

http://farm4.static.flickr.com/3013/...cc8fceb62e.jpg

Meanwhile I am still here..
Sonic
  • #7,216
  • Nov 1, 2009 12:49am Nov 1, 2009 12:49am
Quoting sonicdeejay
Guys...

I am planning for 2 weeks holiday with my family.. from 2nd week of Nov till the end of Nov...

I won't be contactable at that time...I will try to logg in thou ,,


Meanwhile I am still here..
Sonic

Sonic, is that photo where you are going or where you live?
Looks like Angkor Wat?

Either way, it looks very cool and laid back.
Starting to see instead of just looking.
  • #7,217
  • Nov 1, 2009 6:36am Nov 1, 2009 6:36am
Quoting Rastaman
Sonic, is that photo where you are going or where you live?
Looks like Angkor Wat?

Either way, it looks very cool and laid back.

The place is called Bagan, from the country called Burma (Myanmar)..
I doubt I will have internet access...

Sonic
  • #7,218
  • Nov 1, 2009 7:49pm Nov 1, 2009 7:49pm
Quoting sonicdeejay
The place is called Bagan, from the country called Burma (Myanmar)..
I doubt I will have internet access...

Sonic
I see and, You DON'T want Internet access, you are going on a trip with your real family.

Your other family here at FF can hold the fort for you while you are away.

Hope you have a nice relaxing time.
Starting to see instead of just looking.
  • #7,219
  • Nov 1, 2009 8:37pm Nov 1, 2009 8:37pm
EU has Higher low.. and wave formation formed for LONG position..
Nicely Above Sonic Dragon as well…

But I gonna give it a miss for now as I try not to trade during Asian Session…
Let the Western Big Boys get some good sleep..

Sonic
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  • #7,220
  • Nov 1, 2009 8:37pm Nov 1, 2009 8:37pm
Quoting ddaytrader
I meant expansion. Perhaps a fib extension is as TAH describes it. But that is not what I am using. I am using fib expansions and I am measuring from the "C" pivot of an ABC formation.

Now, semantics aside, I find expansions as calcukated by the proper use of the fib expansion tool to be very useful. I do not use "extensions" as used by TAH.
Hi DD,
My Fib expansion tool can only do a two points (A & B) click on the MT4 platform of IBFX. Cud you please show how you do the third (C) click?

Thanks/Harry
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