Sonic R. System | Page 378 | Forex Factory

Options

Go to
Permalinks
Print Thread

Similar Threads

Sonic R.evolution 95 replies

The System Behind the System, by Merlin Jeffries 16 replies

Old School Sonic System + Other Things 11 replies

Knife system, Vegas 4h system related questions. 4 replies

Would you trade this system? New system #2. 10 replies

Attachments: Sonic R. System
Exit Attachments

Sonic R. System

  • #7,541
  • Nov 12, 2009 11:54am Nov 12, 2009 11:54am
Quoting cignus
Exit from range Channel on GBPUSD...

Good set up ? (it's a question )
It didn't quite exit the range as the first low price made at the time of London Open was never broken. Plus 4H TF is telling a different story: We have a TL bounce + hidden divergence on Stochastic. So I personally would consider GU down after it broke the 1.6510 lvl.

Regards,
snu.
Attached Image (click to enlarge)
Click to Enlarge Name: 123-1.gif Size: 31 KB
  • #7,542
  • Edited 1:35pm Nov 12, 2009 12:15pm | Edited 1:35pm
UJ M15: This consolidates and then another leg up? Who knows. But I have left this trade to run. It's range today is only average. If it does no more today, then maybe finishes the week with a bang. Again, speculation.

Trade what the charts show.
Attached Image(s) (click to enlarge)
Click to Enlarge Name: # 009 .gif Size: 57 KB
Click to Enlarge Name: # 010 .gif Size: 61 KB
  • #7,543
  • Nov 12, 2009 2:05pm Nov 12, 2009 2:05pm
Quoting cignus
Short on EURGBP on this set up :
First TP hit, then I placed the SL on BE... and wait for TP2 to be reached...
Nice trade
Initial SL 15 pips
TP1 18 pips
TP2 38 pips...
Attached Image
  • #7,544
  • Nov 12, 2009 2:22pm Nov 12, 2009 2:22pm
Quoting cignus
First TP hit, then I placed the SL on BE... and wait for TP2 to be reached...
Nice trade
Initial SL 15 pips
TP1 18 pips
TP2 38 pips...
Nice trade, cignus.

Have you tried changing the Volumes Enhanced to the suggested colors for a black chart?

Volume Bar Colors Recommended:
BLACK CHART
Magenta Alert Level Line
DarkSlateBlue Volumes from zero up to average
Green Volumes in 1st graduation over average
LimeGreen Volumes in 2nd graduation over average
Yellow Volumes in 3rd graduation over average
WhiteSmoke Volumes in final graduation over average
DarkSlateBlue Zero Axis line


Label Colors Suggested:
Black CHART
C'194,81,255' Label for volume amount
CornflowerBlue Volumes from zero up to average
C'39,163,39' Volumes in 1st graduation over average
LimeGreen Volumes in 2nd graduation over average
Yellow Volumes in 3rd graduation over average
WhiteSmoke Volumes in final graduation over average
DimGray AlertV label for untriggered status
Magenta AlertV label for triggered status


Your might find them much better on a black chart than the ones used for a white chart. All this information is in the indicator compile (as I try to do with all the indicators). Hope this helps.
  • #7,545
  • Nov 12, 2009 2:33pm Nov 12, 2009 2:33pm
Quoting traderathome
UJ M15: This trade is doing fine, too. Set no Tps and it is still on.
Edit: I am expecting this to remain consolidating until asian session. At that time there may even be a further pullback (and I may be wishing I had taken profits!). However, if this is to go further north, that is what I would expect the asian trading big guns to do, so they can get in lower. This is all speculation, but I am leaving the trade running for now.
UJ M15: This might have been a SonicR re-entry. Would like to have Sonic's view on it, though.
Attached Image(s) (click to enlarge)
Click to Enlarge Name: # 008 .gif Size: 63 KB
Click to Enlarge Name: # 011 .gif Size: 65 KB
  • #7,546
  • Nov 12, 2009 4:53pm Nov 12, 2009 4:53pm
Hello,
There is a sonic long on GU, I guess.
I wonder if it is the right time to put an order.
Attached Image (click to enlarge)
Click to Enlarge Name: gu sonic 12.11.09.gif Size: 36 KB
  • #7,547
  • Nov 12, 2009 5:37pm Nov 12, 2009 5:37pm
Quoting traderathome
UJ M15: This might have been a SonicR re-entry. Would like to have Sonic's view on it, though.
very very nice t@h! thx for share
  • #7,548
  • Edited 7:55pm Nov 12, 2009 7:34pm | Edited 7:55pm
Quoting traderathome
UJ M15: This trade is doing fine, too. Set no Tps and it is still on.
Edit: I am expecting this to remain consolidating until asian session. At that time there may even be a further pullback (and I may be wishing I had taken profits!). However, if this is to go further north, that is what I would expect the asian trading big guns to do, so they can get in lower. This is all speculation, but I am leaving the trade running for now.

TAH

Congratulations on that UJ trade. Nice one.

However can you explain the criteria for entry, apart from volume analysis?
I mean, I see no real Sonic setup in this trade.

We had a High-Low followed by a Lower High-Higher Low but then had a Higher high with a Lower Low after it, after which it seems this trade took off. Perhaps I am confusing myself again? LOL
Attached Image (click to enlarge)
Click to Enlarge Name: pic.jpg Size: 149 KB
Starting to see instead of just looking.
  • #7,549
  • Nov 12, 2009 8:07pm Nov 12, 2009 8:07pm
I can see the Long setup but I can also see the short setup and, this is what confuses me sometimes.
Attached Image(s) (click to enlarge)
Click to Enlarge Name: picL.jpg Size: 107 KB
Click to Enlarge Name: picS.jpg Size: 115 KB
Starting to see instead of just looking.
  • #7,550
  • Nov 12, 2009 8:24pm Nov 12, 2009 8:24pm
Quoting Rastaman
TAH

Congratulations on that UJ trade. Nice one.

However can you explain the criteria for entry, apart from volume analysis?
I mean, I see no real Sonic setup in this trade.

We had a High-Low followed by a Lower High-Higher Low but then had a Higher high with a Lower Low after it, after which it seems this trade took off. Perhaps I am confusing myself again? LOL
UJ SonicR Analysis:

Rastaman, except for a spike up and a larger spike down (gave me the clue) it had been flat for days. The longer price ranges, usually the better the breakout run.

There was considerably more volume on the spike down and back, than on the previous spike up and back, which had me thinking the next move would be up. But, we trade what the charts show, not what we think, right?

So, back to wave formation. I could have drawn little wave lines to hell and back as price zig zagged. But, instead I started with the lowest low, to the highest high, and then waited for another lowest low. If it went up, I would have a much closer in Ep than if it went from last highest high, to lowest low, to next lower high....and waited for breakout (see all this in the green lines). At that point, if it went that down, I'd have been waiting a good amount of pips for Ep south! At that point, if it went up the Ep was much closer in.

As it turned out, it went up. I made entry based on most recent previous high as well as TL break
Attached Image(s) (click to enlarge)
Click to Enlarge Name: pic.jpg Size: 149 KB
Click to Enlarge Name: # 012 .gif Size: 49 KB
  • #7,551
  • Nov 12, 2009 8:33pm Nov 12, 2009 8:33pm
I understand now after your detailed explanation, thanks T.

Hmm, I always seem to get confused with the mental zooming in and out, I never know when to zoom in or zoom out. This mental zooming in and out seems to be a rather ambiguous thing, with no clear outline of when to look at the big picture or get the microscope out.
As I think you said before T, I tend to look at the individual bricks in the wall and thus, fail to see the height of it.



More wave analysis is the only way to really get a handle on this.
Starting to see instead of just looking.
  • #7,552
  • Edited 9:11pm Nov 12, 2009 8:58pm | Edited 9:11pm
Quoting Rastaman
I understand now after your detailed explanation, thanks T.

Hmm, I always seem to get confused with the mental zooming in and out, I never know when to zoom in or zoom out. This mental zooming in and out seems to be a rather ambiguous thing, with no clear outline of when to look at the big picture or get the microscope out.
As I think you said before T, I tend to look at the individual bricks in the wall and thus, fail to see the height of it.



More wave analysis is the only way to really get a handle on this.
It is not an exacting science. It is more a recognition of waves and patterns and support and resistances. It had been ranging (green) and I was stalking a breakout. Those last hours before the breakout, the price pattern consisted of two sloping TLs and a level resistance line. The resistance line and lower TL formed a triangle formation that tends to break up. I had no way of knowing which way it would go, but if it went up, I had more confidence in the move. Why? Because the last time price went strongly south and back up, it got a LOT of trading interest, whereas the last time the price went up and back down there was very little trading interest (blue rectangles). This I interpreted as meaning it had to make a good low before traders would pile on in anticipation of a good run up. This "volume" analysis is very subjective, so pay more attention to waves, patterns, supports and resistances.

When it broke up, the worst that could happen is that it failed again at the upper range area, for not much profit. But, as you can see, that run up and thru the upper range line was on increasing trading interest. Oh, and another thing. The move before the breakout move was a down move. Right? But where did it go? Yes, it went past the previous low below the Dragon, and stricktly speaking there was a SonicR Ep there (red rectangle). But the lower range area was only 6 pips or so away, and the price never made it thru that area. If I had been inclined to trade short, I would have lowered the SonicR Ep in consideration of the lower range line, and waited to see what happened. If I had, there would not have been a short trade entry. And at that point, the next Ep south was pretty much defined as the lower range area.

But, it was all up from there.

I try here to take you thru the thought process I went thru as things developed. Keep in mind that from hour to hour I had no way of knowing what was going to happen.
Attached Image (click to enlarge)
Click to Enlarge Name: # 013 .gif Size: 41 KB
  • #7,553
  • Edited 9:51pm Nov 12, 2009 9:32pm | Edited 9:51pm
UJ, Some Additional Thoughts:

This is NOT SonicR, what I am thinking. And I am NOT suggesting a trade on it, either.

The yellow band is resistance area now turned support. Here is consolidation for next move, up or down.

Edit: After examining the chart, I think the second one may be the story.
Attached Image(s) (click to enlarge)
Click to Enlarge Name: # 014 .gif Size: 44 KB
Click to Enlarge Name: # 015 .gif Size: 43 KB
  • #7,554
  • Nov 12, 2009 9:56pm Nov 12, 2009 9:56pm
Quoting sonicdeejay
Forming a triple bottom... seem to have support @ 1.652x lvl..

Nite
Sonic

http://cdn.forexfactory.com/attachme...1&d=1258039484

Picking up..nicely..

Sonic
Attached Image (click to enlarge)
Click to Enlarge Name: shi215.gif Size: 45 KB
  • #7,555
  • Nov 12, 2009 10:02pm Nov 12, 2009 10:02pm
I can see your logic clearly in your description there T and I understand your point about the possible Short setup being invalidated by the range and the fact that it did not break the lower TL.

It seems these ranging markets are much more difficult to analyze the waves and any possible setup has to be calculated on a lot more variables.
And as you say, "It is not an exact science but more a feel for PA, S&R and perhaps target area for RR ratios.

I appreciate you taking the time to explain all this at length T.

Just looking at the possibilities in the UJ chart you described.
Attached Image (click to enlarge)
Click to Enlarge Name: pic.jpg Size: 177 KB
Starting to see instead of just looking.
  • #7,556
  • Nov 12, 2009 10:22pm Nov 12, 2009 10:22pm
Quoting sonicdeejay
Picking up..nicely..

Sonic
I have also had my eye on GU and noticed something strange about our charts. On your chart 1.6627 is below the low of that large blue up candle, on my chart 1.6627 is 11 pips above the low of that candle. DR1 is also not at the same area.

Weird
Attached Image (click to enlarge)
Click to Enlarge Name: Untitled-1.jpg Size: 188 KB
Starting to see instead of just looking.
  • #7,557
  • Edited 11:15pm Nov 12, 2009 10:51pm | Edited 11:15pm
Quoting Rastaman
I have also had my eye on GU and noticed something strange about our charts. On your chart 1.6627 is below the low of that large blue up candle, on my chart 1.6627 is 11 pips above the low of that candle. DR1 is also not at the same area.

Weird
Rastaman, your chart shows DR1 at 1.6628, which is correct if your server is at GMT +2 hours, same as mine, because that is what I show also.

Sonic's black chart is using different indicator, furthermore his server may be at some time other than GMT +2 hours, which can change the computed value of the pivots, because 24 hours of data then shifted by an hour or more yields different data for 24 hours for the pivot calculations!

This is why stepping up to TzPivots is good. If everyone on a thread was using it, and had it set to the same time zone, then everyone's charts would show the same pivots.

On the other hand, as ddaytrader so aptly points out, pivots are subordinate to historic prime S&R levels. I like how he puts it by saying price action seems to obey pivots when pivots obey those past prime areas of S&R.

So don't fret if your pivots differ from another's. And don't fred if PA ignores them all!
  • #7,558
  • Edited 12:54am Nov 13, 2009 12:28am | Edited 12:54am
UJ M15: Price is in a REAL TIGHT range for a couple of hours, and Frankfurt open is less than an hour off. This could pop. Maybe before the open. Anyway, if you trade this pair, it might be worth it to keep close watch now.

News releases are less than 7.5 hours away. Yes, the pair could move in response. But it could also move in preparation for the response! (imho)

Price is basing now on the Day's central pivot. If price goes north, then (I hesitate to say it) it might qualify for Advanced SonicR. I know ddaytrader would like not to respond on this since he and Sonic are working out specific definitions and parameters for such non-SonicR trades.

In any case, I have placed blue rectangles where I see Ep if it goes in either direction. The upper Ep is where it is on the basis of the support it will have bounced up off of, if it goes north. The lower Ep is extended below the Monthly central pivot, giving it more pip travel to show if it is reallly southbound. Neither is SonicR. And, personally I do not favor a short trade at all. The price could come down to Ep and go a few pips more, only to bounce off the SHI Channel trendline and rip roar north! The price just has to go too far to prove itself in the southerly direction.

Anyway, trade what the charts show. If this pops, but you wait, a SonicR setup may later occur, with London open or with US open . And maybe that would be best.

Edit: (Second chart) Added at Ep. One thing I do not like is the lack of volume, so keeping a close watch on it.
Attached Image(s) (click to enlarge)
Click to Enlarge Name: # 016 .gif Size: 45 KB
Click to Enlarge Name: # 017 .gif Size: 44 KB
  • #7,559
  • Edited 1:54am Nov 13, 2009 1:06am | Edited 1:54am
Morning, guys!
I'm in, the rest is up to the market.

Edit: Closed half @ +25, SL@ BE. My daily target is 40 pips.
Attached Image (click to enlarge)
Click to Enlarge Name: 123-1.gif Size: 33 KB
  • #7,560
  • Edited 1:49am Nov 13, 2009 1:31am | Edited 1:49am
Some serious resistance at 1.6625 right before DR1.

If it pops may run quickly, I am thinking.

Edit: I am in also.
Attached Image (click to enlarge)
Click to Enlarge Name: pic.gif Size: 52 KB
Starting to see instead of just looking.
41 traders viewing now