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Sonic R. System

  • #11,861
  • Apr 13, 2010 7:57am Apr 13, 2010 7:57am
Quoting sonicdeejay
I bet lower..and I have demo short..since yesterday...

Trade the waves..buddy...it can go higher too..

Well..lets the market decides..

Sonic

Sonic.

What is your criteria for short, is it the IB4 and the BEOB on D1?

Just looking at these higher lows on the daily.
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Starting to see instead of just looking.
  • #11,862
  • Apr 13, 2010 8:03am Apr 13, 2010 8:03am
Quoting Basber
RM,

I Look for volume at tops and bottoms and consolidation areas. I don't have any bias when I saw volume on drops or vice versa. For example, I'm in a trade (GU) now. Here was my analysis before I enter the market :
"See the pic"
(second tp is much higher, I'll trail it if price breaks the previous high)

It may reverse on me at any time. but it's how I think about it.

Regards,
Basber

Basber, Sorry, I thought you were using the 768 setting like TAH to decide where in the waves the volume was coming in.

But obviously you are using only the 20 setting.

So, the criteria for these decisions is, where the volume is in the Asian session and in the wave?

Now, this is a little confusing as yesterday, you said, TAH had explained it well how you use the NVO. But, TAH is using the 768 setting and mentions that we look for the breakout in the opposite direction to where the volume is being brought in in the Asian session.


This is getting rather confusing.

Maybe, you two can agree on a method and post it together as you are saying different things here.


Starting to see instead of just looking.
  • #11,863
  • Apr 13, 2010 8:15am Apr 13, 2010 8:15am
+54 pips, moved SL to +40 pips
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  • #11,864
  • Apr 13, 2010 8:29am Apr 13, 2010 8:29am
Quoting Rastaman
Basber, Sorry, I thought you were using the 768 setting like TAH to decide where in the waves the volume was coming in.

But obviously you are using only the 20 setting.

So, the criteria for these decisions is, where the volume is in the Asian session and in the wave?

Now, this is a little confusing as yesterday, you said, TAH had explained it well how you use the NVO. But, TAH is using the 768 setting and mentions that we look for the breakout in the opposite direction to where the volume is being brought in in the Asian session.


This...
No different method than TAH, RM. Setting doesn't inflect the method we use. Just like you said, we look for LONG setup when we saw a volume on lows. Setting different period doesn't make any different that much, I'm just more comfortable with 20. You can test it yourself too, different settings results in same analysis most of the time.

Anyway ... As you said, I traded the opposite direction when I saw the volume. volume was at lows, so I traded long. Nothing had been changed, It was the same that TAH and I said before.

I hope I was clear ... Feel free to ask, if there is still some confusion about this NVO thingi.

Regards,
Basber
Trading methods are designed to put the odds in our favor, not predicting.
  • #11,865
  • Edited 11:47am Apr 13, 2010 11:15am | Edited 11:47am
Quoting Rastaman
Basber, Sorry, I thought you were using the 768 setting like TAH to decide where in the waves the volume was coming in.

But obviously you are using only the 20 setting.

So, the criteria for these decisions is, where the volume is in the Asian session and in the wave?

Now, this is a little confusing as yesterday, you said, TAH had explained it well how you use the NVO. But, TAH is using the 768 setting and mentions that we look for the breakout in the opposite direction to where the volume is being brought in in the Asian session.


This...
Basber and I are thinking the same with the use of NVO, Rastaman. The choice of period is a personal matter, but the goal is the same....to see where traders are most active, at highs or at lows.

Take a look at attached chart on EJ. Based on my analysis of NVO, this will be headed up later (next session?). Just my opinion.
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  • #11,866
  • Apr 13, 2010 11:29am Apr 13, 2010 11:29am
EU and NVO:

Several sessions back speculators came in stronly at lows (black rectangle on NVO study). They are doing it again (second such rectangle on NVO study).

There is a US "release" in less than 30 minutes (Geithner speaks). It may or may not be the catalyst the speculators are anticipating will send price up....

Warning: Speculation!
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  • #11,867
  • Edited 11:57am Apr 13, 2010 11:45am | Edited 11:57am
UJ:

About 40 pips below current price speculators became quite active, as though anticipating a price increase ahead, and may still be in their trades. If all they wanted was about 30-40 pips, then they may have gone in low and out high already. It is hard to determine from the NVO pattern.

What I am showing here is a possible warrented "early" EP. It is based on the premise some speculators are still waiting for a substantial move higher, and on PA recent history, which shows us an area of consolidation (within black rectangle on chart). If price starts to move higher, this area may be the area to consider for EP, and not wait for price to clear above it.

Just a thought. Trade it at your own risk. Warning: This is all speculation!
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  • #11,868
  • Apr 13, 2010 12:03pm Apr 13, 2010 12:03pm
Thanks T, I Appreciate the explanation.

Had a chat with Basber earlier and we sorted out the misunderstanding and now I understand that both of you are using it in a very similar manner.
Starting to see instead of just looking.
  • #11,869
  • Apr 13, 2010 12:16pm Apr 13, 2010 12:16pm
Quoting DanPa
+54 pips, moved SL to +40 pips
Great trading, Danpa! You've become a star here, and an inspiration!
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  • #11,870
  • Apr 13, 2010 12:32pm Apr 13, 2010 12:32pm
Quoting traderathome
Great trading, Danpa! You've become a star here, and an inspiration!

Thank you T!

...i am busy because i am moving with my house...a lot of work and energy in this one....but among drops i can take some pips too!

You guys developed a great system here!!!!

WTG SONICR-ers!!!!!!!!!
  • #11,871
  • Apr 13, 2010 12:45pm Apr 13, 2010 12:45pm
Definitely Danpa; he did not wander between indicators, did not mess up
his charts and analysis. He just took the core concepts, focused on it and now
he is bagging pips. He is not working for the system, the system is working for him.

Way to go Danpa
cut losses short, let profits run.
  • #11,872
  • Edited 1:03pm Apr 13, 2010 12:45pm | Edited 1:03pm
Since I have posted on UJ....

I do have a trade running on this one. Last session I made an early "S&R" entry and a bit higher SonicR long entry. But I failed to exit when price exceeded next higher half number (my bad). Later that session the price was dragged back down. And early this session it was driven lower as much again.

Additional "S&R" entry at lows now has average entry more manageable, while I wait for what I always thought would be a better drive higher....and missed out on good trades (with exits!) both up AND down....!!!!!
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  • #11,873
  • Apr 13, 2010 12:56pm Apr 13, 2010 12:56pm
EP 126.55
SL 126.10
TP1 127.00
TP2 127.50



PS: THX DOMAS for your kind words!
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  • #11,874
  • Apr 13, 2010 1:18pm Apr 13, 2010 1:18pm
Quoting Domas4
Definitely Danpa; he did not wander between indicators, did not mess up
his charts and analysis. He just took the core concepts, focused on it and now
he is bagging pips. He is not working for the system, the system is working for him.

Way to go Danpa
This message deserves a SonicR "Hall of Fame" Placard!

"Definitely Danpa; he did not wander between indicators, did not mess up
his charts and analysis. He just took the core concepts, focused on it and now
he is bagging pips. He is not working for the system, the system is working for him.

Way to go Danpa http://cdn.forexfactory.com/images/s...m/thumbsup.gif" - Domas4



Domas4 hit the nail squarely on the head with his assessment of why Danpa is successful with SonicR. Way to go, Domas4 !!!
  • #11,875
  • Apr 13, 2010 2:27pm Apr 13, 2010 2:27pm
Thanks TAH,

I'm just hoping for other young Sonicers to go this way. So we will have a thread of lots and lots new and interesting people :]
cut losses short, let profits run.
  • #11,876
  • Apr 13, 2010 2:30pm Apr 13, 2010 2:30pm
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

Evening guys, my first demo trade on EU is still open from yesterday as neither TP or SL have been hit.

If this were a real trade what would the experienced sonikers do ?

1. would you leave it to run and let the market decide.
2. or close near the end of day etc.

Cheers

MAB
  • #11,877
  • Apr 13, 2010 2:40pm Apr 13, 2010 2:40pm
Quoting Domas4
Thanks TAH,

I'm just hoping for other young Sonicers to go this way. So we will have a thread of lots and lots new and interesting people :]
I am not young but am on the sonic path
  • #11,878
  • Apr 13, 2010 2:50pm Apr 13, 2010 2:50pm
Quoting Mab
Evening guys, my first demo trade on EU is still open from yesterday as neither TP or SL have been hit.
If this were a real trade what would the experienced sonikers do ?
1. would you leave it to run and let the market decide.
2. or close near the end of day etc.
Cheers
MAB

Mab, as far as I know, sonicdeejay leaves the trade until either SL or TP
gets hit. So does Muhammad. So do I. (How Basber does, he explained in a post below)

I again quote ddaytrader: "Money management is equal parts trading your
setups, letting your TPs hit, and letting your stop loss get hit too. If you cut
your profits to avoid a possible loss, you are cutting short the benefits of
trading a winning system."

When talking about SL, it does not mean that you cannot even move SL and
trail the trade. Managing a trade is very important. Here is how Sonicdeejay
and most of other experienced sonicers manage the trades:

1) (there is only one TP) Letting hit either of those. Or moving SL to BE
when price moved far away from entry level.
2) (there are two TPs) TP1 gets hit, move SL to BE and go for a freeride.

Unless there is a war declared somewhere and market just turns around, and
you know that hitting SL is inevitable, then yes, you should cut it off.

P.S. sonicdeejay is in the same trade with you, so see how he manages it.
cut losses short, let profits run.
  • #11,879
  • Apr 13, 2010 2:51pm Apr 13, 2010 2:51pm
Quoting Mab
Evening guys, my first demo trade on EU is still open from yesterday as neither TP or SL have been hit.

If this were a real trade what would the experienced sonikers do ?

1. would you leave it to run and let the market decide.
2. or close near the end of day etc.

Cheers

MAB
Hi MAB,

It completely depends on you and your personallity to how to manage your trades. There is no solid rule. You may recieve 10 different answers from 10 traders. Here's mine :
It depends mostly on situations, for example what price will do when it reaches high of the range and bottom of it, where is NVO kicked up, how strong is my first analysis and so on ...
But now, I probably close my trade at BE, if it was minus, I'll close at least half of it ...

Hope it helps

Regards,
Basber
Trading methods are designed to put the odds in our favor, not predicting.
  • #11,880
  • Apr 13, 2010 3:07pm Apr 13, 2010 3:07pm
hey TAH, can you post the forex time that is in your chart? or where to get it?
D||T|F|L|N|

thanks
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