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Sonic R. System

  • #12,741
  • Jun 7, 2010 2:40pm Jun 7, 2010 2:40pm
Quoting Basber
Hi there,

Here's a program that I wrote which will calculate the volume of your trades according to your desired risk percentage , stoploss pips and your balance . I wrote it for myself, and I found it very useful, so I wanted to share it with you ... and ofcourse it's totally free.

If you have any question or idea to make it better, feel free to contact me on FF or email me ...

Regards,
Basber
Basber great, big thanks!

I think it would be excellent if it had "lots" instead of "volume". It also pops
an error message if I leave everything blank and press "Calculate".
BTW, can you explain what coefficient means more specifically? What do you
mean by Profit/Loss currency? Is that Risk Reward?

I appreciate it
cut losses short, let profits run.
  • #12,742
  • Edited 3:04pm Jun 7, 2010 2:48pm | Edited 3:04pm
Quoting Domas4
I think it is the earliest and the riskiest entry you can get.
I would be comfortable if Price made Lower Low, before making
entry at retracement.
How it turned out:
Pretty slow day compared to what we had on Friday. Price did manage to
make higher high, but went back and made new low. SL@BE

EDIT: The reason entry was @ 78.6% retracement is because previous
wave retraced 78.6%.
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cut losses short, let profits run.
  • #12,743
  • Edited 4:17pm Jun 7, 2010 3:39pm | Edited 4:17pm
Quoting Domas4
Basber great, big thanks!

I think it would be excellent if it had "lots" instead of "volume". It also pops
an error message if I leave everything blank and press "Calculate".
BTW, can you explain what coefficient means more specifically? What do you
mean by Profit/Loss currency? Is that Risk Reward?

I appreciate it
I've added the lot thingi ... Thanks for reminding it

Here's and example for how to use this thing :

For example, presume that your account is 100K $ and you managed to risk 2% on every single trade and you want to trade EUR/USD ... you managed your entry, and then you determine your stoploss. for example your stoploss is 80 pips. So here are the setting till now :
Balance : 100000
% risk : 2
SL pips : 80

Now, because your profit/loss currency is USD (it's the one that appears at the right when you're talking about the pair. I meant : XXX/YYY ---> YYY is the Profit/Lost currency), you should leave the coefficient at 1.

Coefficient : 1

otherwise, you should calculate or enter the coefficient to be more accurate about your trading volume.
For example, If you're profit/lost currency is EUR, you should enter the rate for E/U in coefficient box.
If your profit/lost currency is JPY, you should calculate 1/rate and then enter the calculated number in the coefficient box. you can let it be on 1 if your profit/lost currency strenght is near dollor. for example if you're profit/lost currency is CAD, and the USD/CAD rate is 1.0160, you can leave the coefficient at 1.

So, as you see, it's not reward:risk ratio, it a rate for non USD currencies when you're calculating your risk percentage. As you know when you're trading with 1 standard lot, 1 pip in E/U equalls to 10$, but it's equal to about 14$ when you're trading E/G and it equal to less than 10$ when you're trading XXX/CHF, and it equal to more than 10$ when you're trading XXX/JPY. This coefficient just make your calculations more accurate.

When you enter anything else except of number in the fields, it gives you an error. I will edit it to give you a message ... It's nothing important.

P.S. : I like it when you enter more than 3 in %Risk field

Regards,
Basber
Trading methods are designed to put the odds in our favor, not predicting.
  • #12,744
  • Edited Jun 8, 2010 1:09am Jun 7, 2010 6:12pm | Edited Jun 8, 2010 1:09am
EU Watch:

Here is an update on the long trade. US profs took a position, based on M30 spike down on high relative NVO, but never initiated the pump stage for profits. And now the Asian session profs, likewise continue milking the same PA area.....possibly building a long position (WARNING: Speculation).

While I have not changed the SL nor TP in the chart, the SL is mental (Asian profs could do spike downs too) and I am considering the 1.2100 whole number area as TP2.

I have added TLs for the current PA just to see if how they might coincide with a new SonicR long setup, should it happen. However, the possibility PA could break support and continue the down trend is still very real.

Edit: I have closed this trade with modest profit and believing there will be a pullback downward that may later provide a lower re-entry for a long trade. Meanwhile, the Dragon is showing little angle. And if this is to go higher, then very likely the London profs will spike it down first. All this is speculation, but it just looks like it is ranging and may very well make another trip towards the bottom of the range before any strong upside move, if it is to come (second chart).
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  • #12,745
  • Jun 8, 2010 3:10am Jun 8, 2010 3:10am
Quoting DanPa
I'm with you TAH!
out for 10 pips!!! seems that she want further down...
  • #12,746
  • Jun 8, 2010 4:07am Jun 8, 2010 4:07am
gu sell
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FxHome
  • #12,747
  • Jun 8, 2010 4:16am Jun 8, 2010 4:16am
TP 1 HIT nOW set Be
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FxHome
  • #12,748
  • Jun 8, 2010 5:50am Jun 8, 2010 5:50am
Quoting Muhammad989
gu sell
Hello Muhammad,

Could you please elaborate the reason for your entry. I would have entered only after a reaction up to the dragon. But then again is your entry considered valid because the candle in the yellow box broke through the SHI channel with strength? All I saw was higher highs and higher lows... Thanks for explaining

Regards,
Chantal
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  • #12,749
  • Jun 8, 2010 5:59am Jun 8, 2010 5:59am
Thank you Basber for explanation. I had no idea that equal positions might be
different on different currency pairs. But after you explained it, it makes sense!
Thanks
______

Chantalb, if I may answer before Muhammad does.
The entry is at the place where Price makes Lower Low, so the entry is
right at the trend reversal confirmation (Making Lower Low).
cut losses short, let profits run.
  • #12,750
  • Jun 8, 2010 6:19am Jun 8, 2010 6:19am
Quoting Domas4
Thank you Basber for explanation. I had no idea that equal positions might be
different on different currency pairs. But after you explained it, it makes sense!
Thanks
______

Chantalb, if I may answer before Muhammad does.
The entry is at the place where Price makes Lower Low, so the entry is
right at the trend reversal confirmation (Making Lower Low).
Thank you Domas for your answer, but this entry doesn't qualify as a classic SonicR right or does it?
  • #12,751
  • Jun 8, 2010 6:25am Jun 8, 2010 6:25am
Quoting Chantalb
Thank you Domas for your answer, but this entry doesn't qualify as a classic SonicR right or does it?
I have taken this picture out of SonicR Manual in the first page.
You can see Sonicdeejay did not wait for Higher High, he just entered
at the break of previous Lower High. So I guess it does qualify as SonicR.
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cut losses short, let profits run.
  • #12,752
  • Jun 8, 2010 6:38am Jun 8, 2010 6:38am
Nice and simple explanation by Domas .....i hopt new commers read start of this threads and understand....

Muhammad


Quoting Domas4
I have taken this picture out of SonicR Manual in the first page.
You can see Sonicdeejay did not wait for Higher High, he just entered
at the break of previous Lower High. So I guess it does qualify as SonicR.
FxHome
  • #12,753
  • Jun 8, 2010 6:53am Jun 8, 2010 6:53am
Thank you for being so supportive... All I am doing these days lately is studying this thread back and forth. However it seems I should not forget its essence as I move along.

Thanks again,
Chantal
  • #12,754
  • Jun 8, 2010 9:15am Jun 8, 2010 9:15am
Quoting Muhammad989
Nice and simple explanation by Domas .....i hopt new commers read start of this threads and understand....

Muhammad
100% agree. Maybe we should have a site that stores all the top strategies here at FF? haha
  • #12,755
  • Edited 11:02am Jun 8, 2010 10:12am | Edited 11:02am
Quoting traderathome
EU Watch:

Here is an update on the long trade. US profs took a position, based on M30 spike down on high relative NVO, but never initiated the pump stage for profits. And now the Asian session profs, likewise continue milking the same PA area.....possibly building a long position (WARNING: Speculation).

While I have not changed the SL nor TP in the chart, the SL is mental (Asian profs could do spike downs too) and I am considering the 1.2100 whole number area as TP2.

I have added TLs for the current PA just to see if how they might coincide...
EU Watch, Long trade Re-entered:

The London profs did take it down....almost to the whole number. We got some increased activity at those lows, too. I waited for it to be driven back up and then down to re-test. That 'down' was a 79% FR retrace by the US session profs, also on good activity. I entered on the way back up from that....first chart.

Edit: Added second chart....."Yee, haw!"
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  • #12,756
  • Jun 8, 2010 11:23am Jun 8, 2010 11:23am
EU Watch:

PA pulling back, providing a SonicR long trade entry opportunity (not advice...make your own decisions).
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  • #12,757
  • Jun 8, 2010 11:32am Jun 8, 2010 11:32am
I have a basic question.

When EURUSD raises, it means the value of USD is going down.

Thus, USDJPY should going down.

But why EURUSD and USDJPY are always moving in the same direction?

pairs lke EURUSD, GBPUSD where USD is at the back always go in the same direction. but why USDJPY goes with them too?


Thanks
  • #12,758
  • Edited 11:52am Jun 8, 2010 11:37am | Edited 11:52am
Quoting SharnHoiste
I have a basic question.

When EURUSD raises, it means the value of USD is going down.

Thus, USDJPY should going down.

But why EURUSD and USDJPY are always moving in the same direction?

pairs lke EURUSD, GBPUSD where USD is at the back always go in the same direction. but why USDJPY goes with them too?


Thanks
The euro could be getting stronger against the dollar...against the yen, too. But at the same time, the dollar could also be getting stronger against the yen. So, EJ is up, EU is up, and UJ is also up.

"When EURUSD raises, it means the value of USD is going down." - Not necessarily. It could mean the dollar is stable and the euro is going up. Or, the dollar could be rising against other currencies, but the euro is rising faster against them.

Some months back we had a very interesting situation where the dollar was rising against the yen, the euro was rising against the dollar....but the euro was not rising against the yen! IMPOSSIBLE! There was a HUGE long trade opporutinity on the EJ, and eventually it happened! So, in that case, in all likelyhood the Speculators/profs/price manipulators....whatever you want to call them.....had gotten on the wrong side of EJ! As a result, they held EJ down until they could shed their short positions and build their long positions, something that took a number of days. But once done, EJ "majically" soared to properly align with the other pairs.
  • #12,759
  • Jun 8, 2010 12:27pm Jun 8, 2010 12:27pm
Quoting traderathome
The euro could be getting stronger against the dollar...against the yen, too. But at the same time, the dollar could also be getting stronger against the yen. So, EJ is up, EU is up, and UJ is also up.

"When EURUSD raises, it means the value of USD is going down." - Not necessarily. It could mean the dollar is stable and the euro is going up. Or, the dollar could be rising against other currencies, but the euro is rising faster against them.

Some months back we had a very interesting situation where the dollar was rising against the yen, the...

learned a lot! Thank you!!
  • #12,760
  • Jun 8, 2010 12:42pm Jun 8, 2010 12:42pm
TAH..dont you think that EU will go down? with all the respect for NVO..i see a downtrend to 1840!
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