Sonic R. System | Page 538 | 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

  • #10,741
  • Mar 10, 2010 7:57pm Mar 10, 2010 7:57pm
Quoting cardinale
There are volume spikes in several pairs. Does this attract anyone's attention or do you ignore because it's Asian session?

E.g. GU:
Hey cardinale,
I notice you are probably pressing the printscreen button to take your screen shots of mt4 then pasting them into a paint program or something.

If you right click on the chart you want to print, then choose ACTIVE CHART AS IS, it just saves the screenshot to your desktop or wherever you choose to save it. This way, you don't need to crop off your account details or anything like that as it saves only the chart.

Hope this helps.


PS: I am still trying to work out how these guys are using the NVO but, I think they may take mental notice of if the spikes are when price is going up or down. But, probably to early in the day to make it so important.

TAH is the man for this question.
Attached Image (click to enlarge)
Click to Enlarge Name: Untitled.jpg Size: 155 KB
Starting to see instead of just looking.
  • #10,742
  • Mar 10, 2010 8:06pm Mar 10, 2010 8:06pm
Thanks for the pic tip Rastaman,--I was just noticing that there was somethign funny-looking about my posted charts.

So with the NVO, I hope TAH weighs in--maybe the big guys are entering positions for later moves? I'm going to sleep now for a few hrs until FO/LO now so will check later.

Thanks for the help of all the great participants (and traders) on this thread. I am spending the time now to get experience and appreciate the chance to get questions answered.
  • #10,743
  • Mar 10, 2010 9:04pm Mar 10, 2010 9:04pm
Quoting cardinale
Thanks for the pic tip Rastaman,--I was just noticing that there was somethign funny-looking about my posted charts.

So with the NVO, I hope TAH weighs in--maybe the big guys are entering positions for later moves? I'm going to sleep now for a few hrs until FO/LO now so will check later.

Thanks for the help of all the great participants (and traders) on this thread. I am spending the time now to get experience and appreciate the chance to get questions answered.

NP Cardi

We are all here to help each other when we can.
Starting to see instead of just looking.
  • #10,744
  • Mar 10, 2010 9:41pm Mar 10, 2010 9:41pm
Quoting cardinale
There are volume spikes in several pairs. Does this attract anyone's attention or do you ignore because it's Asian session?

E.g. GU:
If you get clear indication that highest levels of trading are at highs (selloff) or at lows (buying), then it is something to take note of, for the FO/LO activity. If that activity supports what you saw, and if SonicR breakout should occur in direction that also supports, then you have more confidence in good trade.
  • #10,745
  • Mar 10, 2010 9:56pm Mar 10, 2010 9:56pm
Quoting traderathome
If you get clear indication that highest levels of trading are at highs (selloff) or at lows (buying), then it is something to take note of, for the FO/LO activity. If that activity supports what you saw, and if SonicR breakout should occur in direction that also supports, then you have more confidence in good trade.

TAH

I was just writing this.

Are we talking about at the bottom and top of waves or individual candles in the wave. I know I asked Basber this yesterday but I seem to have gotten two different answers or I am mistaking what he was saying.
Attached Image (click to enlarge)
Click to Enlarge Name: pic.jpg Size: 145 KB
Starting to see instead of just looking.
  • #10,746
  • Edited 10:37pm Mar 10, 2010 10:05pm | Edited 10:37pm
Quoting Rastaman
TAH

I was just writing this.

Are we talking about at the bottom and top of waves or individual candles in the wave. I know I asked Basber this yesterday but I seem to have gotten two different answers or I am mistaking what he was saying.
If you have a single M15 candle with high trading activity, to see if the trading favored the highs of that candle, or the lows, you have to drop down to M1 and analyze the trading levels over the 15 candles comprising the M15 single candle. That, I have found, is about the best way to try to determine during the 15 minute TF, if traders where more interested in trading high or low.

That is the "micro" version. But sometimes the "macro" version of analysis is just fine. If you have suddenly high NVO bars as price drops and bottoms it can mean a reversal is upcoming and same for suddenly high NVO bars as price spikes up and tops off. It is not often, but sometimes there are high NVO bars continuing into the reversal......especially nice when that happens, because the high NVO bars at top/bottom could just signal trade conclusions (shorts being closed at bottoms, longs being closed at tops). But high NVO coming down off the highs, or coming up off the lows indicates new positions be taken on for the new direction! My assessment, anyway.

The first thing to realize about NVO is that it shows when trading activity suddenly is on the rise. It does this very well. The second thing to realize is that increased trading activity still does not tell you if traders are favoring the lows or the highs as PA bounces around. If you can determine this, then you have a nice clue as to future PA direction overall. This is not always possible, frankly. But sometimes, yes. And you may have to analyze smaller TF NVO to try to answer this question. Just remember, it is not always going to be clear enough to bank on, just like other indicators are not always clear enough to bank on.

Look at chart atached. I just saw this and as it relates, decided to add it to this post. Look at the vertical red line intersecting NVO. Not a lot of trading, right? Actually, NVO bars increased to that point (just above average for 96 periods), then decreased again. And see what the PA was doing then, too! This is, to me, a very clear indcation traders are favoring low prices.
Attached Image (click to enlarge)
Click to Enlarge Name: # 339.gif Size: 31 KB
  • #10,747
  • Mar 10, 2010 10:17pm Mar 10, 2010 10:17pm
Quoting traderathome
If you have a single M15 candle with high trading activity, to see if the trading favored the highs of that candle, or the lows, you have to drop down to M1 and analyze the trading levels over the 15 candles comprising the M15 single candle. That, I have found, is about the best way to try to determine during the 15 minute TF, if traders where more interested in trading high or low.

That is the "micro" version....

Thanks T

I was wondering about the TF to look at on M15.

Yeah, I can see your point about exhaustion volume at highs and lows which may signal a reversal.
Starting to see instead of just looking.
  • #10,748
  • Mar 10, 2010 10:37pm Mar 10, 2010 10:37pm
TAH

You ever seen this indicator.
Shows volume in the actual waves.

Just bored and checking into volume.
Attached Image (click to enlarge)
Click to Enlarge Name: pic.jpg Size: 137 KB
Starting to see instead of just looking.
  • #10,749
  • Mar 10, 2010 10:44pm Mar 10, 2010 10:44pm
Hi Sonikers,

I am putting up GU 15TF chart for a possible long...but things could go opposite way...i am in more favour of up ..then my entry would be

EP - 4990 (which is above the HIGH candle)
SL - 4945 (below the DPV)
i have'nt marked the EP and SL and possible TP as they are yet to be confirmed.

We are 3hours away from start of Europe session.
What interests me is the black volume spike in the NVO - which will force (speculation) the price up..and for a possible SHORT later on if LONG entry is nullified.

so i await until Europe/UK session starting 7gmt and the market to give me a clear sonic signal until then reading past threads..
Attached Image (click to enlarge)
Click to Enlarge Name: GU possible.JPG Size: 130 KB
  • #10,750
  • Mar 10, 2010 10:47pm Mar 10, 2010 10:47pm
Quoting Rastaman
Thanks T

I was wondering about the TF to look at on M15.

Yeah, I can see your point about exhaustion volume at highs and lows which may signal a reversal.
The thing about high NVO going into the bottom, or the top....is the position ACQUISITION, or CLOSING? If it is due to closing of trades, while a reversal may eventually come, this activity is not what will cause it. If it is the acquiring of positions, then that is more positive for reversal sooner rather than later. If NVO shows interest continuing into the other direction, that is best. The closing of postions doesn't help for whatever next move might come. We need to see the possibility that NVO is highlighting the ACQUISTION of positions.
  • #10,751
  • Mar 10, 2010 10:51pm Mar 10, 2010 10:51pm
GU Possible Long Trade:

NVO cycles showing best interest at PA lows. PA now moving up. This is still about 2 hours until FO, but could a box breakout happen early?

SonicR - Let the market decide.
Attached Image (click to enlarge)
Click to Enlarge Name: # 340.gif Size: 27 KB
  • #10,752
  • Mar 10, 2010 10:59pm Mar 10, 2010 10:59pm
NVO:

Rastaman, the vertical lines mark NVO increased activity (never mind that it is all in the blue area, that doesn't matter). Unfortunately these lines obscure the candle wicks. But look at your own chart and see what the corresponding candles looked like! I would say traders were favoring the lows. What do you conclude?
Attached Image (click to enlarge)
Click to Enlarge Name: # 341.gif Size: 28 KB
  • #10,753
  • Mar 10, 2010 11:20pm Mar 10, 2010 11:20pm
Yes, I think there is more interest in shorting GU than pumping it back up.

This indicator shows the same in the small waves.

Interesting volume indicator. Yell if you want to take a look at it and I will email it.
Attached Image (click to enlarge)
Click to Enlarge Name: pic.jpg Size: 133 KB
Starting to see instead of just looking.
  • #10,754
  • Edited Mar 11, 2010 12:23am Mar 10, 2010 11:22pm | Edited Mar 11, 2010 12:23am
Trade Duration, 20 Pips Or The Long Haul?

There has been some discussion of late on what methodology to apply to how long to keep a trade running. Please let me state right off, I have been all over the map on this one and still am not sure I can decide to adopt a single approach.

The range we are discussing seems to be 20 pips on the low side, compliments of DanPa's wife, and "forever" on the high side, compliments of Sonic who seems to be able to hold forever and never get burned.

I don't know what is best, so I am very interested in the thoughts being posted on the subject. I'll add two thoughts to the mix. Money has time value. So, even though the prospect of a good run looms on the horizon, there may be many ups and downs along the way. The "down" periods are wasting the time value of the money, which is tied up while it might be making money in another trade. Here is another thought. Long runs are nice, just so long as holding for their conclusion does not require holding over a weekend, or thru NFP, or while some rogue Central Bank does a "panic" move in the wee hours some night.

Money has a time value. And trade duration has a time risk. Two thoughts to think about. But, having said that, I believe there is nothing about the SonicR method that mandates any specific approach to keeping a trade running. That is the purvey of the trader.
  • #10,755
  • Mar 10, 2010 11:26pm Mar 10, 2010 11:26pm
Quoting Rastaman
Yes, I think there is more interest in shorting GU than pumping it back up.

This indicator shows the same in the small waves.

Interesting volume indicator. Yell if you want to take a look at it and I will email it.
I totally disagree, Rastaman. All that I have posted on GU are what I see as indications traders are favoring the lows. What that means is they prefer to do most of their trading at the lows. Now, would you be buying or selling at lows? Huh? BUYING!
  • #10,756
  • Edited 11:39pm Mar 10, 2010 11:28pm | Edited 11:39pm
I am at home week-ends for us in Saudi Arabia, So putting up another chart with possible waves to come.

Note. i am yet to enter with trades as i will wait for 7gmt uk/europe session.

Also i don't speculate what the market should do (Sonic Rule) we wait for the market to let it come to you....then we analyse and trade .

i posted the chart for study and comments if i had made any mistake on my part in analysing the waves etc

EU is in similar pattern... so another 1 1/2 hrs to europe...very much looking forward to trade the EJ/EU pairs
Attached Image (click to enlarge)
Click to Enlarge Name: My EJ in waiting.JPG Size: 119 KB
  • #10,757
  • Mar 10, 2010 11:33pm Mar 10, 2010 11:33pm
Quoting traderathome
I totally disagree, Rastaman. All that I have posted on GU are what I see as indications traders are favoring the lows. What that means is they prefer to do most of their trading at the lows. Now, would you be buying or selling at lows? Huh? BUYING!


Sorry T, I was looking at UJ when I made that comment.
The chart above is UJ.
Starting to see instead of just looking.
  • #10,758
  • Mar 10, 2010 11:38pm Mar 10, 2010 11:38pm
Quoting traderathome
Trade Duration, 20 Pips Or The Long Haul?

The range we are discussing seems to be 20 pips on the low side, compliments of DanPa's wife, and "forever" on the high side, compliments of Sonic who seems to be able to hold forever and never get burned.
With 2 swallows of coffe i can say what our 'FX teacher' use to say:
THE TIME SPENT IN FOREX MARKET IS VERY RISKY - ANYTHING CAN HAPPEN! STAY AS LITTLE AS POSSIBLE!

And i agree, it is less stressless...but as every single things on this planet, everything have two sides...
  • #10,759
  • Mar 11, 2010 12:35am Mar 11, 2010 12:35am
Quoting Rastaman
Sorry T, I was looking at UJ when I made that comment.
The chart above is UJ.
It looks to me like UJ traders are favoring lows also. Look at attached chart. The candle putting in low was high relative trading (traders taking advantage of the low). Three candles later the push off upwards was also high relative trading. So, to me, it looks like traders are buying the lows and are bullish. The blue lines are to help direct you to the appropriate NVO bar for the candle. NVO shows these bars to be less "negative" than surrounding.
Attached Image (click to enlarge)
Click to Enlarge Name: # 342.gif Size: 25 KB
  • #10,760
  • Mar 11, 2010 1:17am Mar 11, 2010 1:17am
EU:

High relative volume on each of the three drives back up from the three bottoms! I'd be looking for a long trade setup...
Attached Image (click to enlarge)
Click to Enlarge Name: # 343.gif Size: 35 KB
39 traders viewing now, 1 is registered:
smallsteps