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Sonic R. System

  • #11,821
  • Apr 12, 2010 2:40am Apr 12, 2010 2:40am
Morning,

Have been a part time lurker and am now going to demo sonic-r.

Could you advise which NVO indi is the preferred one to use ?

Cheers

MAB
  • #11,822
  • Apr 12, 2010 2:49am Apr 12, 2010 2:49am
GOOD MORNING AND GOOD WEEK TO EVERYONE!

EP (above pivot) 93.37
TP 94.00
SL 92.98


Regards,
DanPA
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  • #11,823
  • Apr 12, 2010 2:56am Apr 12, 2010 2:56am
Quoting Mab
Morning,

Have been a part time lurker and am now going to demo sonic-r.

Could you advise which NVO indi is the preferred one to use ?

Cheers

MAB
Here is the last one posted.....says "white", but colors work well on black charts also. The compile has suggested colors for both.
Attached File(s)
File Type: mq4 NVO Histogram (White).mq4   7 KB | 1,908 downloads
  • #11,824
  • Apr 12, 2010 3:00am Apr 12, 2010 3:00am
Thanks
  • #11,825
  • Apr 12, 2010 3:10am Apr 12, 2010 3:10am
Quoting Rastaman
I think if they are going to dump it anytime soon, 93.45 93.50 would be a good area for them to do so.
I was out at 93.48
  • #11,826
  • Apr 12, 2010 3:12am Apr 12, 2010 3:12am
EU:

Even with the gap up, the Speculators that were previously favoring lows are still favoring these higher lows. Just a guess, but I'd be looking for a nice SonicR setup long later, maybe after the US open. Let's see what happens.
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  • #11,827
  • Apr 12, 2010 3:33am Apr 12, 2010 3:33am
Quoting traderathome
EU:

Even with the gap up, the Speculators that were previously favoring lows are still favoring these higher lows. Just a guess, but I'd be looking for a nice SonicR setup long later, maybe after the US open. Let's see what happens.
the dragon on our chart differ a way too much
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  • #11,828
  • Apr 12, 2010 3:35am Apr 12, 2010 3:35am
Quoting amlavor
the dragon on our chart differ a way much
Yours is correct. Mine is experimental.
  • #11,829
  • Apr 12, 2010 3:52am Apr 12, 2010 3:52am
Do not even bother opening a trade during Monday...Asia Session..

Patience..
Sonic
  • #11,830
  • Edited 4:59am Apr 12, 2010 4:06am | Edited 4:59am
Quoting sonicdeejay
do not even bother opening a trade during monday...asia session..

Patience..
Sonic
behold the sonicr words!

EDIT i feel i need to explain this picture as i dont want someone to misunderstand here what i was thinking about...hehe...; i dont' give a shit >>>>>> regarding indy!!!
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  • #11,831
  • Apr 12, 2010 4:24am Apr 12, 2010 4:24am
UJ:

Good consolidation going on (rectangle), and the Speculators that have entered this lower, I doubt did so for just 30-40 pips. Warning: Speculation!
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  • #11,832
  • Edited 6:29am Apr 12, 2010 6:25am | Edited 6:29am
Quoting Rastaman
Basber



Just trying to get my head around Basber's volume tip.

The problem for me is to work out if the volume is increasing and price is being moved up, for a dump down, moved down for a push up, or indeed if price is genuinely moving in the direction price intends to go.



Is this the kind of volume you want to see in the wave formation or am I barking up the wrong tree?
Hi RM,

TAH explained well what I wanted to say about NVO. I would like to see a good volume spike "before" entring the sonicR setup. Just like TAH mentioned, If you enter after you see a entry with low volume before it, it may reverse on you very easily.

There are two way that I use this indi. As TAH mentioned, good NVO confirmation for me devided into 2 categories :
1) volume at a consolidation
2) volume at highs or low.
At first situation, I look for entry in both ways, short and long. better to be with trend. but I take CT trades with tighter sl and tp
In second situation, if I saw a volume spike, i.e. at a significant low, I'll seek for LONG sonicR setups.

Attention : I do not take trades based on NVO itself. It gives me a sence that which way to LOOK FOR sonicr setups.



Here's TAH's post that I mentioned :
Quoting traderathome
Yes, Basber wants to see where the high trading is BEFORE considering a trade entry. The "bad" trade choice he refers to in his chart (below) simply had little trading going on the whole while before and during. It was not until the price hit lows that the traders came in forcefully. That was the clue that they were buying low in anticipation of higher prices later.

Look for where the trading activity is highest.....at highs or at lows. Then wait for a SonicR setup in prime time market in the opposite direction.


Regards,
Basber
Trading methods are designed to put the odds in our favor, not predicting.
  • #11,833
  • Apr 12, 2010 6:52am Apr 12, 2010 6:52am
Quoting uzsiemusi
I am still new in this way of trading but even after some loses I see that this is probably best return promising trading system I'd seen so far.
Recently all my loses are due to too high TP..Can anyone explain what exactly indicates setup beeing "small profit" and what shows that it can give 40 or even more pips?
I am attaching an example with two setups..first one could take around 15 and second one a lot more pips..Of course for both I can set TP 15pips but is this the only way to leave with profit?
Hi Uzsiemusi,

Welcome here hope to see more of you in near future. Now let's get down to my opinion about your quetions :


** Can anyone explain what exactly indicates setup beeing "small profit" and what shows that it can give 40 or even more pips
** Of course for both I can set TP 15pips but is this the only way to leave with profit?

I believe no one can. There is no indication that any one could know exactly where price will move. that's why we try to manage our trades. what's why we move stop loss to break even after we go in profit or some of us tighten our sl s . some will not touch their orders. some will change their tp s . some will tighten their tp s and some will expand them.

But the thing is you may see all these actions in one trader ! I meant under different circumstances, more experieced traders manage their trades based on what they THINK will happen or they manage their trades to minimize their risk. So there is no solid rule, but there are some tools for using to manage our tps.

As many traders here said before, you can use many different methods to take profit from market. S&R s are the most reliable ones. I sometimes use Fibonacci expantion, sometimes I manage to take profit manually, based on price action. But the thing is you should work on demo until you reach your own comfort zone.

You are experimenting now, so when you see you're tp's are high, tighten them a little, when you see it's small, you can take partial profit, one at smaller tp and one at bigger one. It depends on you to manage your trade. Share more so traders could help you here so you can walk this path faster.


** I am attaching an example with two setups..first one could take around 15 and second one a lot more pips..

Your second trade was not a sonicR entry. there was no wave. you should see clear backward move after first move. there was no retrace for the frist move in second setup. Now let's get down to first setup ...

Rastaman, It's about NVO again !

As you can see in my previous post, It's better to see a good volume BEFORE sonicR entry happens. Look at the picture ...

Regards,
Basber
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Trading methods are designed to put the odds in our favor, not predicting.
  • #11,834
  • Edited 7:23am Apr 12, 2010 7:01am | Edited 7:23am
hi sonikers,

Here is my first demo sonic-r trade.

Would like your views (good or bad) if this a valid setup and entry point.

Thanks

MAB

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  • #11,835
  • Apr 12, 2010 7:11am Apr 12, 2010 7:11am
EP (x2): 93.240, 93.250 based upon SonicR waves + H4
SL 1: 93.029 below most recent HL
SL 2: 92.985 below recent L
TP1: 93.445 modest goal below MR1
TP2: 93.572 modest goal below R1
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  • #11,836
  • Apr 12, 2010 7:12am Apr 12, 2010 7:12am
My demo trade,,

See if the gap close..


Sonic
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  • #11,837
  • Apr 12, 2010 7:22am Apr 12, 2010 7:22am
Basber

Many thanks for that detailed explanation.
Hopefully this may keep me and many others out of a few fake outs.


Now, i can see that my Friday USD/JPY trade was failed before it started and I fell foul to the pump before the dump.

Top pic is Friday trade lower pic, believe it or not is the same Friday trade after my broker changed their server and really screwed things up.
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Starting to see instead of just looking.
  • #11,838
  • Apr 12, 2010 8:01am Apr 12, 2010 8:01am
Quoting Mab
hi sonikers,

Here is my first demo sonic-r trade.

Would like your views (good or bad) if this a valid setup and entry point.

Thanks

MAB

Attachment
Hi Mab,

Good to here you start to trade this method. Hope we can help each other in future

I'm with you in this trade, so is sonicdeejay himself ...

Let's see what will happen next ...

Regards,
Basber
Trading methods are designed to put the odds in our favor, not predicting.
  • #11,839
  • Apr 12, 2010 8:05am Apr 12, 2010 8:05am
Quoting Rastaman
Basber

Many thanks for that detailed explanation.
Hopefully this may keep me and many others out of a few fake outs.


Now, i can see that my Friday USD/JPY trade was failed before it started and I fell foul to the pump before the dump.

Top pic is Friday trade lower pic, believe it or not is the same Friday trade after my broker changed their server and really screwed things up.
With NVO, I cut my trades to half, but those half that was eliminated, was mostly losing trades. Now I have a 80% win rate with more that 1:1 R&R Ratio ... I'm satisfied with these numbers, so I'll stick to what I was doing ... I take between 1 to 4 trades per week with this method.

Regards,
Basber
Trading methods are designed to put the odds in our favor, not predicting.
  • #11,840
  • Apr 12, 2010 8:32am Apr 12, 2010 8:32am
Quoting Basber
With NVO, I cut my trades to half, but those half that was eliminated, was mostly losing trades. Now I have a 80% win rate with more that 1:1 R&R Ratio ... I'm satisfied with these numbers, so I'll stick to what I was doing ... I take between 1 to 4 trades per week with this method.

Regards,
Basber


Well, I can hear some people thinking, "Only 4 trades a week!".
But, I realize they will be good trades and possibly trades that run a fair distance and may possible be kept open for several day or indeed weeks, like your GBP/USD runner.


I also believe it is better to cherry pick trades as far as possible and that this will assist us with money management.

many thanks for sharing your experience with NVO and indeed TAH also for explaining it to us all.

I am going to demo this all this week and see how I do with it.


Once again as always, thanks for your effort to explain these aspects and indeed for the courteous manner in which you do so, with such eloquence.
Starting to see instead of just looking.
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