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Sonic R. System

  • #12,861
  • Jun 16, 2010 8:49am Jun 16, 2010 8:49am
Quoting Chantalb
Trade Entered but retracing at the moment.

Is the SL too wide?

Oh TAH thank you for helping me out with the TZpivots and your input
Careful C !

Regards,
Basber
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Trading methods are designed to put the odds in our favor, not predicting.
  • #12,862
  • Jun 16, 2010 9:30am Jun 16, 2010 9:30am
Quoting Basber
Hi Chantal,

What's the difference ? I had 1 open position, I will took TP and SL partially.

Anyway, second half broke even ...

Regards,
Basber
Quoting Basber
Careful C !

Regards,
Basber

Right... I guess I must have my eyeglasses checked, didn't see that one on EU.

As per the orders I guess it makes a diffeence only if one doesn't watch the trades unfold. Thanks again Basber
  • #12,863
  • Jun 16, 2010 9:30am Jun 16, 2010 9:30am
Entry-91.298
SL-91.370
TP-Nearest Pivot

What do u guys think? Gd Or Bad?
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  • #12,864
  • Edited 10:16am Jun 16, 2010 10:01am | Edited 10:16am
Long re-entry on EU. There is a hammer on the 15m. Is the setup correct ?

Edit : Swiss 1 Espana 0
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  • #12,865
  • Jun 16, 2010 1:29pm Jun 16, 2010 1:29pm
Quoting traderathome
EU Watch, Long Trade Update:

Added on this last dip, and raised SL.
EU Watch, Long Trade Update:

Clearly, TP is not going to be reached today! I take solace in the fact of increased NVO activity at the lows today, particularly evident at the US Open.

Just by the spacing of the PA waves, this could see some upside into the Asian session. Otherwise, it looks like it may range with possibly some more spikes down. The next euro session may then bring a change.

Just have to wait it out until the market decides to move onward and upward. Meanwhile, PA has pulled back to a new EP Zone.
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  • #12,866
  • Edited 2:37pm Jun 16, 2010 2:14pm | Edited 2:37pm
Quoting pipoca
Long re-entry on EU. There is a hammer on the 15m. Is the setup correct ?

Edit : Swiss 1 Espana 0
On my chart I have the same area marked as a new EP Zone. At this time, it looks like the spikes back to the whole number below are to soon for a "HL". Maybe we need to look to for another later, and perhaps a bit deeper. And then a run up thru that EP Zone may be more rewarding.

I have added to my trade a little below the whole number. I am now thinking to close that should PA move up towards the EP Zone again before a deeper pullback. Then maybe I can re-add it to the trade back below the whole number, maybe even lower than before, if we get a deeper pullback later. Possibly the Asian session will provide it if PA is not pushed higher beforehand.
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  • #12,867
  • Edited 7:50pm Jun 16, 2010 7:29pm | Edited 7:50pm
EU Watch:

It is early in the new day Asian session. Take a gander at the NVO activity as the price is spiked down once again! The M5 shows quite well what the traders are doing. Today may be the day for a new SonicR long trade setup.
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  • #12,868
  • Jun 17, 2010 1:20am Jun 17, 2010 1:20am
EU Watch:

PA may move higher and give us a SonicR long trade setup, something like the preliminary placements shown in the attached chart.
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  • #12,869
  • Jun 17, 2010 4:38am Jun 17, 2010 4:38am
Quoting traderathome
EU Watch:

http://cdn.forexfactory.com/attachme...1&d=1276756118

PA may move higher and give us a SonicR long trade setup, something like the preliminary placements shown in the attached chart.
Sharp eyes..

Sonic
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  • #12,870
  • Jun 17, 2010 4:52am Jun 17, 2010 4:52am

Missed it...
but I cannt see the waves as usual(I means 15M TF).
  • #12,871
  • Jun 17, 2010 10:45am Jun 17, 2010 10:45am
Quoting traderathome
EU Watch, Long Trade Update:

Added on this last dip, and raised SL.
EU Watch, Long Trade Update:

PA reached TP1 where I closed the added 1/3 for 103 pips profit. Moved SL up to lock in 101 pips profit on original averaged entry amount. TP1 represented a lowered target from previous plan, but the higher of the two targets for the new setup later posted. TP2 is a new target, and the highest target yet. It may be reached next session.
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  • #12,872
  • Jun 17, 2010 11:07am Jun 17, 2010 11:07am
Sonicdeejay, it looks like your vLines are still 1 hour too late. Look at your chart and mine. When London opens at 8am their local time, as shown by the clock in the extension panel, that is when PA should be on the "L" line. I suspect that at 8am London local time your "L" line is still 1 hour out beyond the PA, and that on your chart the PA does not reach the "L" vline until the clock shows 9am London local time. If so, you need to drop an hour off the settings for both "L" and "N". Or, are you intentionally delaying these two vlines?
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  • #12,873
  • Jun 17, 2010 11:18am Jun 17, 2010 11:18am
Is this a gd move TAH? Emas showing downtrend but the indis are another thing..
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  • #12,874
  • Jun 17, 2010 12:05pm Jun 17, 2010 12:05pm
Quoting khairul81
Is this a gd move TAH? Emas showing downtrend but the indis are another thing..
EJ: PA appears to be very close down to the S&R area already, for any good move down. This is ranging. Based on H4, I'd look for a bounce and wait for a possible long trade setup. It is already late in the trading day, and past approved SonicR trading hours, so you might just wait until next London open.
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  • #12,875
  • Jun 17, 2010 1:30pm Jun 17, 2010 1:30pm
Hello,

i'm new in this forum - and i'm enthusiastic!
My name is Ralf and I live in Germany. I trade for about 2 years of futures and derivatives and since this year foreign currency.

Now for two days I already read in this Thread and want to learn more about the SonicR.

Till present I have acted with Fibo's and Gartley and find the method with the SonicR very interesting, because also this is very active thread and provides a great assistance.

Now I have downloaded to me the version of the 5/18/2010 and will test this.

What I do not understand, is of the Indicator Level x8. What can I do with these lines?

Which indicators one should absolutely use - I have the Template
Sonicr standard 1 loaded.

regards mtbf40
  • #12,876
  • Edited 3:31pm Jun 17, 2010 2:00pm | Edited 3:31pm
Quoting mtbf40
Hello,

i'm new in this forum - and i'm enthusiastic!
My name is Ralf and I live in Germany. I trade for about 2 years of futures and derivatives and since this year foreign currency.

Now for two days I already read in this Thread and want to learn more about the SonicR.

Till present I have acted with Fibo's and Gartley and find the method with the SonicR very interesting, because also this is very active thread and provides a great assistance.

Now I have downloaded to me the version of the 5/18/2010 and will test this.

What I do not understand,...
Welcome to the SonicR Thread, mtbf40.

I'd recommend you use at least the Market Panel Display Controller, which puts the market data in the upper left corner of the chart (go to chart properties and uncheck "OHLC" choice when using this indy), and which puts the vLines on the chart showing approved market hours for trading, and which puts the RgH/RgL lines on the chart which are based on the average range. The External Input Window for this indy lets you "turn On/Off" the vLines and the RgH/RgL lines as you wish.

You can do without FFCal, SonicR Trendline, and NVO if you like. A word about NVO; it can be very useful to view on M1 up thru H1 charts, but is usually of little value for H4 up thru the Monthly charts. On the M15 chart we look to see good NVO activity leading into, or prior to, a SonicR setup.

As far as the Levels x8 indicator is concerned, it puts the psycological price levels on the chart as a background, for those that do not want to mess with pivots. But you can use pivots with this background, or not use this background indicator at all, if you like. Some find that the Levels x8 indy helps them see S&R levels more easily, some do not.

Please note that all the indicators have a "turn On/Off" feature, so they can be included in the chart's list of indicators and just turned On/Off as needed, which is what I'd recomment doing. The NVO indy, when turned off, leaves a blank at the bottom of the chart window. So, if you truely do not want to see it, delete it from the chart list of indys instead of just turning it off.

The first attached chart demonstrates "turning on" just the Levels x8 inday and the Market Panel Display Controller indy, which is tweaked to show just the "L" and "N" vLines along with the RgH/RgL lines. The NVO indy is included in the chart list of indys, but is turned off. The second chart demosntrates the NVO indy deleted from the chart list of indys instead of just being turned off.
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  • #12,877
  • Edited 9:58pm Jun 17, 2010 9:13pm | Edited 9:58pm
EU Watch:

With several hours yet before the start of SonicR approved trading hours it is interesting to see the PA so very flat, yet with a recent flurry of NVO activity at the lower prices. Since it was at the lower prices, I presume it to be buying, not selling. But because PA is so flat, I would expect at some point between now and the early part of London trading that the price will be taken down. And the lower half number seems a good target for such a run, as the profs engage in additional position building on the long side.

The attached chart shows preliminary areas for the eventual placement of the SonicR long trade EP, TP and SL. Granted, the EP Zone is quite large, but there is no telling for sure if the profs. will torpedo the price first, and if they do then how far down. The lower they drive it, the lower the EP will be. I am thinking the TP should be close to RgH, if not higher, because the average range has constricted these last few days, and at some point we will have a run greater again than the current average range. And the very tight PA action bodes for a strong breakout run. Using the FR tool will help in gauging any additional pullback drives. As Domas4 has previously stated, the less the pullback the farther the run is likely to go. In the attached chart the FR study is applied to all of yesterday's run up.

......Let the market decide.
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  • #12,878
  • Jun 17, 2010 10:46pm Jun 17, 2010 10:46pm
EU Watch, Long Trade Closed:

I just close the remaining 2/3 of the trade for 204 pips profit. My feeling is there will be a pullback before more upside. If so, I can re-enter based on a new SonicR long setup. If not, and it runs from here for the rest of the day, I may or may not jump back in. It is Friday and I have already made over 300 pips on this trade, based on my normal trade size.
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  • #12,879
  • Jun 18, 2010 12:06am Jun 18, 2010 12:06am
EU Watch, Short Trade Initiated:

I have been expecting a pullback down by the profs as they set up for another run long. That is why I closed out my long trade at the whole number; to re-enter lower.....hopefully.

Meanwhile, PA has made a bounce down off of a strong resistance area on the M15, so I have made an early entry of what might be a SonicR short trade, possibly for 50 pips or so, if the profs do indeed torpedo the price.

This is a very risky trade, made entirely on an assumption of a drive down as preparations for another run long. The SL is a very tight 12 pips.
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  • #12,880
  • Jun 18, 2010 1:32am Jun 18, 2010 1:32am
Quoting traderathome
EU Watch, Short Trade Initiated:

I have been expecting a pullback down by the profs as they set up for another run long. That is why I closed out my long trade at the whole number; to re-enter lower.....hopefully.

Meanwhile, PA has made a bounce down off of a strong resistance area on the M15, so I have made an early entry of what might be a SonicR short trade, possibly for 50 pips or so, if the profs do indeed torpedo the price.

This is a very risky trade, made entirely on an assumption of a drive down as preparations for another run long....
Same analysis, I short EU too at almost the same price.

Would like to wait for a Long setup later.
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