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Sonic R. System

  • #7,321
  • Nov 4, 2009 1:42am Nov 4, 2009 1:42am
Quoting Rastaman
It just broke the 1.64764 resistance level.

Rasta, for your case,,I believe it is abit late entry for me…

It is not a classic Sonic R, that act on Sonic Dragon cross…
Manage it well…

Sonic
  • #7,322
  • Nov 4, 2009 1:44am Nov 4, 2009 1:44am
Good morning!

My GU trade for today.

Regards,
snu
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  • #7,323
  • Nov 4, 2009 1:48am Nov 4, 2009 1:48am
You moved your SL to break even already?
My sl is still at 1.64094 below the sonic tunnel, the weekly pivot.
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Starting to see instead of just looking.
  • #7,324
  • Edited 2:50am Nov 4, 2009 1:50am | Edited 2:50am
Quoting sonicdeejay
Rasta, for your case,,I believe it is abit late entry for me…

It is not a classic Sonic R, that act on Sonic Dragon cross…
Manage it well…

Sonic
Yes, sonic, I was as always, concerned about the former resistance.

EDIT: Just closed it out for +30 pips Going to wait for LO.

I have set myself a target of 30 pips per day, or 2 losing trades involving 2% of my account & I intend to stick to it till I get better and gain more confidence.
Starting to see instead of just looking.
  • #7,325
  • Nov 4, 2009 3:12am Nov 4, 2009 3:12am
Quoting sonicdeejay
I guess u get you ur TP hit... last nite..

Sonic
TP1 has been hit now waiting for TP2 not to sure about TP3 but i will see how things go. It could be hit because on the H4 chart it is now showing an upward trend which is good but we will see. Like you said Let the market decide
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  • #7,326
  • Nov 4, 2009 4:33am Nov 4, 2009 4:33am
GU: If anybody is still long, keep a close watch to protect profits. I say this because dropping down to M5, the CCI is now showing divergence.
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  • #7,327
  • Nov 4, 2009 4:39am Nov 4, 2009 4:39am
Quoting traderathome
GU: If anybody is still long, keep a close watch to protect profits. I say this because dropping down to M5, the CCI is now showing divergence.
Nice and clean chart...Care to share template and indis??

Sonic
  • #7,328
  • Nov 4, 2009 4:47am Nov 4, 2009 4:47am
Well, this trade did actually make it to TP2.

Postmortem:

As sonic mentioned EP should have been earlier & would probably been better at 1.64430 for an extra 20 pips and to cut down the size of the SL.

Any thoughts on this welcome.
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Starting to see instead of just looking.
  • #7,329
  • Nov 4, 2009 4:47am Nov 4, 2009 4:47am
Quoting sonicdeejay
Nice and clean chart...Care to share template and indis??

Sonic
Sonic, please give me until next week. Domas4 has been slaving with me over the new Volumes Enhanced version that allows user to set a trigger volume at any TF. The indy will automatically calculate what volume that would be for any other TF. On any TF a line will appear across the volume histogram at that trigger level and a label will tell you the amount. The indy comes with audible and visual/audible alerts. We are final testing it.

There will be a new version of the PivotsMW and PivotsD indys, too.

And there will be a new indy, the BidLine Price & Timer Indicator, which you see in my charts.

The clock indy is the P4L Clock, which has been modified to be placed in a sub-window.

So, all going well, yes, I will be very happy to post the template with the supporting indicators. Most likely next week, just to be sure.
  • #7,330
  • Nov 4, 2009 6:09am Nov 4, 2009 6:09am
TAH

I do not know much about CCI divergence apart from it signals a reversal.
Anyway, I have a good CCI divergence indicator that you may find useful to quickly spot such divergence. Maybe you prefer to find divergence yourself but just in case anyone wants it, here it is.
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Attached File(s)
File Type: mq4 CCI_Divergence_V1.1.mq4   12 KB | 476 downloads
Starting to see instead of just looking.
  • #7,331
  • Nov 4, 2009 6:24am Nov 4, 2009 6:24am
Quoting traderathome
Sonic, please give me until next week....
No worry..buddy..

Sonic
  • #7,332
  • Nov 4, 2009 6:32am Nov 4, 2009 6:32am
GU: M5 shows volume coming back down with the price....reducing interest in the price up here. When US open traders get settled in, there could be another pump and they sell into the price climb. Or they just start selling and the price starts dropping. It will be interesting to see which way it goes. But right now it is languishing for lack of interest...the big guns across the pond have done their thing and now wait to watch what the US sharpshooters do. M15 shows CCI at a nice high on that price pump. Overbought?
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  • #7,333
  • Nov 4, 2009 6:42am Nov 4, 2009 6:42am
Just read some Very interesting stuff on divergence.
If this is correct, looks like GU is about to continue the uptrend with hidden divergence.

I just wish there was some way to set this CCI to the 63 setting we are using.
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Starting to see instead of just looking.
  • #7,334
  • Nov 4, 2009 6:49am Nov 4, 2009 6:49am
Quoting Rastaman
Just read some Very interesting stuff on divergence.
If this is correct, looks like GU is about to continue the uptrend with hidden divergence.

I just wish there was some way to set this CCI to the 63 setting we are using.
Rasta,u remind me of myself two yrs ago...

Divergence occurs when the momentum of prices up/down slower down...
We already have make good use of WAve analysis...which is based on Price..(yes..Price)...

What we are selling/buying is the price itself.not CCI not MACD divergence..so I suggest you to concentrate on price rather than divergence ...


Sonic
  • #7,335
  • Nov 4, 2009 6:54am Nov 4, 2009 6:54am
Quoting sonicdeejay
Rasta,u remind me of myself two yrs ago...

Divergence occurs when the momentum of prices up/down slower down...
We already have make good use of WAve analysis...which is based on Price..(yes..Price)...

What we are selling/buying is the price itself.not CCI not MACD divergence..so I suggest you to concentrate on price rather than divergence ...


Sonic
Ooops.

Yes Sonic, you are right!

T set me off on this rant with his divergence.

I guess T also was also formerly an indicator fiend?
Starting to see instead of just looking.
  • #7,336
  • Nov 4, 2009 7:06am Nov 4, 2009 7:06am
Quoting Rastaman
Ooops.

Yes Sonic, you are right!

T set me off on this rant with his divergence.

I guess T also was also formerly an indicator fiend?
I not much worry of TAH as I am sure he has been there..done that..

I just worry about u...

Don't go for the light...
Join the dark side...

http://www.gadgetoweb.com/wp-content/vader1_sm.jpg

Sonic
  • #7,337
  • Edited 7:33am Nov 4, 2009 7:09am | Edited 7:33am
Quoting Rastaman
Ooops.

Yes Sonic, you are right!

T set me off on this rant with his divergence.

I guess T also was also formerly an indicator fiend?
I don't go looking for divergence. And it is not that often you will find the CCI indicating divergence. It is probably one of the indicators least sensitive to picking up on divergence. So, when it is there...........

Price had just made a powerful run up. I posted about divergence only at that point because it seemed significant that CCI was speaking, and sometimes traders like to "let their winners ride". It seemed reasonable to post of caution.

Edit: Add M15: chart with TF just completed. CCI now showing divergence on this larger TF. Does it mean price will reverse? Not necessarily. But if someone was long on this, caution would be in order, imho.
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  • #7,338
  • Nov 4, 2009 7:32am Nov 4, 2009 7:32am
Quoting sonicdeejay
I not much worry of TAH as I am sure he has been there..done that..

I just worry about u...

Don't go for the light...
Join the dark side...



Sonic
http://t2.gstatic.com/images?q=tbn:Q...animations.jpg
Yes, My Lord! LoL
Starting to see instead of just looking.
  • #7,339
  • Edited 8:51am Nov 4, 2009 7:54am | Edited 8:51am
GU: Take a look now at H4. With less than 10 minutes to go in TF, look at small size of body of candle, and look at volume. Now look back one TF at the size of candle and volume. Seems this current small body with very good volume is saying...."High enough, boys. Sell!"

But, yes, it could still go further north, since this is all speculation on what all that volume means when the price ain't going anywhere.

Edit: Add pic. which is compliments of Sonic. Chart reminds me a lot of #3 in pic.
Edit: Add second chart. Consolidation. Which way afterwards?
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  • #7,340
  • Nov 4, 2009 8:50am Nov 4, 2009 8:50am
Quoting traderathome
GU: Take a look now at H4. With less than 10 minutes to go in TF, look at small size of body of candle, and look at volume. Now look back one TF at the size of candle and volume. Seems this current small body with very good volume is saying...."High enough, boys. Sell!"

But, yes, it could still go further north, since this is all speculation on what all that volume means when the price ain't going anywhere.

Edit: Add pic. which is compliments of Sonic. Chart reminds me a lot of #3 in pic.
You are expecting..TAH...not what u see...
I will not think of short till I see it wave down and below Sonic Dragon...

Sonic
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