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Sonic R. System

  • #12,481
  • May 17, 2010 11:44am May 17, 2010 11:44am
EU and EJ:

In less than 20 minutes there is a low impact US release. Looking at the EU chart one might think that pricing is waiting for the release.

But look at the EJ chart. It has a similar configuration and no releases are due for many hours.

They both have the look of being sandbagged for a move up. Low Impact or not, the US release my be the "excuse" to start the move....

Warning: Speculation!
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  • #12,482
  • May 17, 2010 12:42pm May 17, 2010 12:42pm
EU Long Trade:

The first part of this trade is concluded, modestly profitable taking a prime slice out of the first run up. Re-entry looked good when the price was dropped back below the half number and into the Dragon....usually a good place for re-entry. But this became worriesome when the market drivers continued the downward move to well below the next lower whole number. This is not so worriesome now, as it is beginning to look like that move down was buying motivated....sandbagging prior to another move up.

The second part of this trade is staged to run now in the balance of this session. It is time for the market to decide....
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  • #12,483
  • Edited May 18, 2010 5:15pm May 17, 2010 8:45pm | Edited May 18, 2010 5:15pm
Presented herewith is a template for trading SonicR, including supporting indicators. In three respects, this is different from existing templates: session range H/L lines can be shown on the chart, so can vertical time lines marking the SonicR approved trading hours, and consistent price levels are used instead of pivots. A summary of the 7 supporting indicators follows. I recommend that you read the very important user notes I have included in the compile of each, to better understand the features provided not mentioned here.

 

  1. Market Panel Display Controller- Creates a data panel in upper left of chart and controls the display of the range H/L lines and the vertical time lines.
  2. Market Panel Clock- Creates an extension panel containing a version of the P4L Clock.
  3. Levels x8- Creates the chart background of key levels.
  4. FFCal Headlines- Creates a panel in the lower left of chart containing the headlines of upcoming news/releases.
  5. SonicR Dragon- Creates the Dragon.
  6. SonicR Trendline- Creates the 89 ema trend line.
  7. NVO Histogram- Creates the NVO study in sub-chart window #1.

The Market Panel Display Controller, by default, has the display of the vertical lines set for a server that is at GMT during DST. During DST, a simple way to fix their position if your broker server is offset from GMT is to enter the offset number of hours (+/-) where provided in the external inputs. This will shift the lines appropriately. It is necessary that you read the user notes in the compile to understand how to set the position of these lines otherwise.

The attached zip file contains the template and seven supporting indicators.
Edit: Zip file is updated to contain the corrected Market Panel Display Controller indicator.

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Attached File(s)
File Type: zip SonicR TAH 05-18-2010.zip   47 KB | 1,210 downloads
  • #12,484
  • May 17, 2010 11:40pm May 17, 2010 11:40pm
EU:

Asian session trading has pulled the price down to the FR 50% level shown in attached M15 chart. And both lows resulted in the highest trading levels (the least negative in the NVO study). All of which has me thinking this could set up for a long trade today.
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  • #12,485
  • May 18, 2010 12:41am May 18, 2010 12:41am
Hi,

Thanks for your new templete,Could you pls guide what is " < L N > " on chart.
Dragon the best Indicator
  • #12,486
  • Edited 1:17am May 18, 2010 12:52am | Edited 1:17am
Quoting mg_vinodkuma
Hi,

Thanks for your new templete,Could you pls guide what is " < L N > " on chart.
< = open of approved trading hours (5am GMT, 1am EST)
L = London market begins (7am GMT, 3am EST)
N = NY market begins (12pm GMT, 8am EST
> = close of approved trading hours (3pm GMT, 11am EST)

All this represents the time span during which you look for a trade setup. It does not require that any trade started within these hours be closed by the end of the time span. You might do so as a matter of money management, or you might leave a trade running.
  • #12,487
  • May 18, 2010 1:16am May 18, 2010 1:16am
thanks very much for your reply.
Dragon the best Indicator
  • #12,488
  • Edited 2:08am May 18, 2010 1:46am | Edited 2:08am
HI Traderathome,

thank you for sharing this new indy and template, i'm sure everybody will take advantage from this; your great work will not be overlooked, but we will remember you forever with gratitude.

i have to say that my trading was total changed when i found out this great system, and so the profits. and for that i really want thank everyone who was involved in production of this thread, starting with SonicDJ.


THANK YOU!


NEW SONIC-ERS, READ ALL the posts from this thread, will help you earn from forex as nobody will ever do for you!


ps. with this new template i feel like this
ps2. what about pivot level? can i add this level from your indi?
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  • #12,489
  • Edited 2:44am May 18, 2010 2:29am | Edited 2:44am
Quoting DanPa
HI Traderathome,

thank you for sharing this new indy and template, i'm sure everybody will take advantage from this; your great work will not be overlooked, but we will remember you forever with gratitude.

i have to say that my trading was total changed when i found out this great system, and so the profits. and for that i really want thank everyone who was involved in production of this thread, starting with SonicDJ.


THANK YOU!


NEW SONIC-ERS, READ ALL the posts from this...
DanPa, you can add whatever pivot indy you want to the template. If you don't want the Levels x8 display, simply turn it off, or remove it from the list of indicators. However, the template was designed to be a "pivot free" way of trading, since pivots vary from broker to broker depending on what time zone their server is in....pivots are less "fundamental" than the recurring price levels: whole number, half number, qtr number, etc. (imho).
  • #12,490
  • May 18, 2010 2:59am May 18, 2010 2:59am
Quoting traderathome
DanPa, you can add whatever pivot indy you want to the template. If you don't want the Levels x8 display, simply turn it off, or remove it from the list of indicators. However, the template was designed to be a "pivot free" way of trading, since pivots vary from broker to broker depending on what time zone their server is in....pivots are less "fundamental" than the recurring price levels: whole number, half number, qtr number, etc. (imho).

ok, undertood! thx
  • #12,491
  • May 18, 2010 3:21am May 18, 2010 3:21am
thnks for your work.. MY thread N°1 for simplicity and effectiveness!
  • #12,492
  • May 18, 2010 3:23am May 18, 2010 3:23am
Quoting traderathome
[font=Times New Roman][size=3]Presented herewith is a template for trading SonicR, including supporting indicators. In three respects, this is different from existing templates: session range H/L lines can be shown on the chart, so can vertical time lines marking the SonicR approved trading hours, and consistent price levels are used instead of pivots. A summary of the 7 supporting indicators follows. I recommend that you read the very important user notes I have included in the compile of each, to better understand the features provided not mentioned...
Many many thanks but I cant open the file?
  • #12,493
  • May 18, 2010 4:59am May 18, 2010 4:59am
Quoting traderathome
< = open of approved trading hours (5am GMT, 1am EST)
L = London market begins (7am GMT, 3am EST)
N = NY market begins (12pm GMT, 8am EST
> = close of approved trading hours (3pm GMT, 11am EST)

All this represents the time span during which you look for a trade setup. It does not require that any trade started within these hours be closed by the end of the time span. You might do so as a matter of money management, or you might leave a trade running.
thanks a lot for sharing the template guys.. very good for the trading hours added..
thanks alot sonic'ers
  • #12,494
  • May 18, 2010 5:40am May 18, 2010 5:40am
Thanks TAH for your increadible input,

I ran the template on two different brokers.
I get very different NVO results, take a look at the attatched charts.
For a Sonicer to do NVO analysis, I think it is very important to have a
broker who does not miss a tick in the stream data.
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cut losses short, let profits run.
  • #12,495
  • May 18, 2010 5:49am May 18, 2010 5:49am
Quoting Domas4
Thanks TAH for your increadible input,

I ran the template on two different brokers.
I get very different NVO results, take a look at the attatched charts.
For a Sonicer to do NVO analysis, I think it is very important to have a
broker who does not miss a tick in the stream data.
Domas I think pic 1 broker has some issue with vol,I suppose..
  • #12,496
  • May 18, 2010 6:00am May 18, 2010 6:00am
here is my chart from fxopen...
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  • #12,497
  • Edited 7:13am May 18, 2010 6:15am | Edited 7:13am
Quoting traderathome
[font=Times New Roman][size=3]Presented herewith is a template for trading SonicR, including supporting indicators. In three respects, this is different from existing templates: session range H/L lines can be shown on the chart, so can vertical time lines marking the SonicR approved trading hours, and consistent price levels are used instead of pivots. A summary of the 7 supporting indicators follows. I recommend that you read the very important user notes I have included in the compile of each, to better understand the features provided not mentioned...
It is my honor to have you here..fellow trader..

http://img.photobucket.com/albums/v1...e01/mkumc4.gif

Sonic
  • #12,498
  • May 18, 2010 8:19am May 18, 2010 8:19am
ranging tight at the nice resistance area... Due for a break out..

I bet for UP..

Sonic
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  • #12,499
  • May 18, 2010 8:59am May 18, 2010 8:59am
TAH, tpl looks good, Thanks.
Hej.
  • #12,500
  • May 18, 2010 10:14am May 18, 2010 10:14am
EY 2 entry's...one sonic one s&r...let's see
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