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Sonic R. System

  • #7,601
  • Edited 9:20am Nov 16, 2009 8:13am | Edited 9:20am
Quoting cignus
Hi !
here are some trades open tonight... Small position cos it's early monday, and I'm not sure it's good to trade now...

USDCHF :
Short @ 1.0115
SL @ 1.0127 now on BE
TP1 @ 1.0095 hit !! +18 pips
TP2 @ 1.0086 hit !!! +29 pips

EURUSD : 2 TP hit !!

EURJPY :
Long @ 133.85
SL @ 133.55
TP1 @ 134.18
TP2 @ 134.43
I'm going to bed now... Let the market decide.
Return from work... TP1 hit on EURJPY (+33pips)
SL is still on 133.55, and still alive ... => exit on BE
let the market go...
Attached Image (click to enlarge)
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  • #7,602
  • Nov 16, 2009 9:10am Nov 16, 2009 9:10am
Hello, I went long on this one

EP 0.9358
SL 0.9310
TP1 0.9400
TP 2 0.9435

Any comments on my sonic entry ?
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  • #7,603
  • Nov 16, 2009 9:43am Nov 16, 2009 9:43am
Quoting pipoca
Hello, I went long on this one

EP 0.9358
SL 0.9310
TP1 0.9400
TP 2 0.9435

Any comments on my sonic entry ?
I'm quite new here but I will have trade this one another way:
EP: on high of the first candel crossing upper white band (sonic tunnel dragon) with stop loss under last HL (or under lower white band).
Your entry is quite interresting too, coz it's a breakout of last higher high and the movement should be continuing... but it's a little more risky as the SL is far from the entry...
Don't know where your TP are, but it seems it will be a profitable trade...
(my first TP would have been hitten if I had traded this, and the SL would be at BE now)
Note that we don't have same chart since we don't hve the same broker for evidence...
(hope I didn't make too much english mistakes )
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  • #7,604
  • Nov 16, 2009 10:02am Nov 16, 2009 10:02am
Grrrr, one good set up I missed... Someone took it ?
On GBPUSD :
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  • #7,605
  • Nov 16, 2009 10:14am Nov 16, 2009 10:14am
Quoting cignus
I'm quite new here but I will have trade this one another way:
EP: on high of the first candel crossing upper white band (sonic tunnel dragon) with stop loss under last HL (or under lower white band).
Your entry is quite interresting too, coz it's a breakout of last higher high and the movement should be continuing... but it's a little more risky as the SL is far from the entry...

Hello, I like the price to retrace a bit, your entry is better than mine.

For stop I like to hide behing a good structure and for TP I will keep it overnight if needed.

I am a newbie too...
  • #7,606
  • Nov 16, 2009 10:16am Nov 16, 2009 10:16am
didn't take this one because price are so near a long term support...
But it could be a good one... no ?
(on USDJPY)
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  • #7,607
  • Nov 16, 2009 10:37am Nov 16, 2009 10:37am
Quoting cignus
Grrrr, one good set up I missed... Someone took it ?
On GBPUSD :
Attached Image (click to enlarge)
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  • #7,608
  • Nov 16, 2009 11:23am Nov 16, 2009 11:23am
  • #7,609
  • Nov 16, 2009 11:45am Nov 16, 2009 11:45am
Hey all ,

Edit: My question about structure was referring to pipoca's post on page 507/

When you say structure do you mean resistance lines? I have been trading with this method for a month or so now with good results. I have been putting my stops at major resistance lines, below the previous HL (if buying), or previous LH (if selling). For my tp's i have been using Fibonacci extensions, but if i see that a important percent on the fib (such as 161.8) is above the daily pivot by a few pips, i may adjust my tp to be below the daily pivot, to miss out on any consolidation that might be happening around that number. Is my way of thinking flawed? if it is please do tell me. I am very young and trying to learn the most from whoever will give me the time of day when it comes to trading. Also, i was looking for some good books on fibonnaci, s&r, and elliot wave, any recommendations?

thank you guys for your time
Tyler
  • #7,610
  • Edited 12:04pm Nov 16, 2009 11:51am | Edited 12:04pm
I closed my long on AUD/USD, hopefully at Breakeven, seems Bernanke speech moved the markets.

Plus AU couldn't clear the possible double top at 0.9368

Cygnus you are right with your trade

Thx for remarks
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  • #7,611
  • Nov 16, 2009 12:11pm Nov 16, 2009 12:11pm
A other one sonic set up wich would have been profitable...
Didn't took it... (spread is a little discouraging)
on EURAUD
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  • #7,612
  • Edited 1:58pm Nov 16, 2009 12:18pm | Edited 1:58pm
Quoting pipoca
I closed my long on AUD/USD, hopefully at Breakeven, seems Bernanke speech moved the markets.

Plus AU couldn't clear the possible double top at 0.9368

Cygnus you are right with your trade

Thx for remarks
Your initial stop loss was good, and you should'nt have moved it since you have your money management to take care of your account... Your plan was with this SL, "plan your trade and trade your plan" some would told you...
I didn't trade this one, I 've only show how I would have trade this set up...
I would have have TP1 reached, but would have been stopped to BE...

Well, Bernanke has made lots of stops exploded... Too bad...
No matter, next trade...
Attached Image(s) (click to enlarge)
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  • #7,613
  • Nov 16, 2009 2:04pm Nov 16, 2009 2:04pm
Quoting cignus
didn't take this one because price are so near a long term support...
But it could be a good one... no ?
(on USDJPY)
Initial SL would have been too low... for 2 pips...
Without Bernanke and with a SL correctly placed, , it would have been a good setup
Next one ...
Attached Image (click to enlarge)
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  • #7,614
  • Edited 4:59pm Nov 16, 2009 4:42pm | Edited 4:59pm
Quoting therka01
Hey all ,

Edit: My question about structure was referring to pipoca's post on page 507/

When you say structure do you mean resistance lines? I have been trading with this method for a month or so now with good results. I have been putting my stops at major resistance lines, below the previous HL (if buying), or previous LH (if selling). For my tp's i have been using Fibonacci extensions, but if i see that a important percent on the fib (such as 161.8) is above the daily pivot by a few pips, i may adjust my tp to be below the daily pivot, to...
Hello , when I writed structure, I should write support or resistance. Sorry for that.

My entry was too late (see Cignus post #7603 & #7602 about that). I think Cignus is right in his entry. General trend was up (89 ma) and this morning price was above the dragon and went below the dragon around London open, finding a good support . A good retrace took place at this time. Then price crossed again above the dragon, A this time I should put a stop order above the first candle closing above the dragon.

For SL I still hesitate to set it below/above last HL/LH or to set it behind a strong support/resistance.

For TP I think a DPV in front of a long it is a good TP.

For SL & Entry & TP we should ask experienced Sonic trader.

I am still a newbie with Sonic
  • #7,615
  • Edited Nov 17, 2009 7:37am Nov 16, 2009 10:06pm | Edited Nov 17, 2009 7:37am
Last week a zip file was posted containing the SonicR White Template - TAH, with supporting indicators. The attached zip file replaces it, and contains functional changes to three indicators and some color refinements to some indicators.

The Volumes Enhanced Indicator "Percent" label was not running through all its hoops correctly. This is fixed. No "revision #" is assigned to denote the fix, so it is important that you toss the previous download and upgrade to the current.

The Bid Line Price & Timer Indicator is improved by inclusion of the option to select font size for the "BidLine". This enables the construction of different line thicknesses. A thin line is best on black charts, whereas white charts look better with a somewhat thicker line. Again, no "revision #" is assigned to denote the improvement, so it is important that you toss the previous download and upgrade to the current.

The PivotsD indicator was not properly displaying the Yesterday background box until one full hour after the open for the new week. I hope this is now fixed, but can not test again until next week. No "revision # assigned here either, etc. Toss previous and use this.

In addition, the current file contains an additional MACD indicator and the necessary revision to the template to accommodate it. Some refinements to colors settings in various indicators and the template have been made to present a better overall appearance. Additional templates are provided, also incorporating these changes and refinements. A template in black is included.

So that we all have the same baseline to which any future changes may be made, please delete all the contents of the previous zip file.....template and all indicators. Use those in the attached file.

Please note that all indicators have "On/Off" feature. FFCal is already attached to all templates, but is turned off. To turn on, open the indcator external inputs window and change "Indicator_On" to "true".

Thank you.
Attached File(s)
File Type: zip SonicR - TAH 11-16-2009.zip   80 KB | 737 downloads
  • #7,616
  • Edited 11:42pm Nov 16, 2009 10:54pm | Edited 11:42pm
TAH
Nice Job T, I like how the charts are clean when we switch to higher TF like H4 or D1.

Did you forget to add the Bid Line indicator to the templates?
Doesn't show up on any of them.

No big deal, we just add it manually and save the template.



Just looking at GU from yesterday and wonder what you think about the relatively low volume in the uptrend?

Are we going to get another pump then the Dump?
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Starting to see instead of just looking.
  • #7,617
  • Nov 17, 2009 3:24am Nov 17, 2009 3:24am
Quoting traderathome
[color=black][font=Verdana]Last week a zip file was posted containing the SonicR White Template - TAH, with supporting indicators. The attached zip file replaces it, and contains functional changes to three indicators and some color refinements to some indicators.

The Volumes Enhanced Indicator "Percent" label was not running through all its hoops correctly. This is fixed. No "revision #" is assigned to denote the fix, so it is important that you toss the previous download and upgrade to the current.

The Bid Line Price & Timer Indicator is...
Hullo T,

I briefly acknowledge the receipt of your previous *.zip file, and look forward to viewing this revision of yours.

To You (and Domas) mentioned in your previous post :
C.O.M.P.L.I.M.E.N.T.S for the great work accomplished and for your contribution to us all sonickers.

Best regards.


Claude
  • #7,618
  • Nov 17, 2009 3:59am Nov 17, 2009 3:59am
Quoting traderathome
[color=black][font=Verdana]Last week a zip file was posted containing the SonicR White Template - TAH, with supporting indicators. The attached zip file replaces it, and contains functional changes to three indicators and some color refinements to some indicators.

The Volumes Enhanced Indicator "Percent" label was not running through all its hoops correctly. This is fixed. No "revision #" is assigned to denote the fix, so it is important that you toss the previous download and upgrade to the current.

The Bid Line Price & Timer Indicator is...
Thanks TAH for the wonderful work

Kind Regards
Lmarti
  • #7,619
  • Nov 17, 2009 4:07am Nov 17, 2009 4:07am
One possible trade on GBPUSD this morning (too early for me )
Long on the top of the candle that cross Higher white band after the trend line breakout.
SL should be at BE now...
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  • #7,620
  • Nov 17, 2009 4:11am Nov 17, 2009 4:11am
Volumes Enhanced_v2 adds alert features to the real-time volume/percent of average display, coded by MissPips.

You can on any timeframe chart, select an amount of volume you want to be alerted of. This amount will automatically be translated to the proper larger or smaller amounts as you change the chart time frame. A line at your alert volume level appears in the volume histogram display, and a new added label shows the alert volume amount. This label is “grayed out” until the volume reaches the alert level, at which time the label is displayed in a bright color. If you have selected one of the audible alerts, an asterisk appears in the label denoting the fact.

You can select to use the MT4 Alert…..a bell rings and a message window pops up showing you the pair and chart time frame for which the alert has just gone off.

However, Domas4 has coded a female voice that says, “Volume alert.” It can be selected when you want an audible alert without a pop-up message!

MissPips and Domas4 have made great contributions to this indicator, which had humble origins and was based upon the core code of “NVO.mq4” by Vadim Shumiloff.

One final note regarding “volume”, it is really the volume of trades, not the amount of money involved in the trades. So, a trade of one mini-lot gets added in, with equal weight to other trades, some of which may involve many lots. It is therefore, not as revealing as with volume recorded in the stock market, where the amount of money involved is identifiable. Nevertheless, sudden spikes in volume of trades can be a valid signal, possibly of an impending run, especially when price action is such that in and of itself a run might well be anticipated.

This indicator is included in the SonicR - TAH zip file previously posted, but this post (also posted on Cobra's THV thread) may help to explain its features.
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