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Sonic R. System

  • #13,001
  • Jun 25, 2010 1:53pm Jun 25, 2010 1:53pm
At times it is really hard for me to see the waves. For example in the picture of EJ how do you guys figure it out in the highlighted zones, especially in 3?

On the other hand I had two very nice set ups on EU and GU as you can see. And here I also have a question, once price is setting up for a move in the dragon and we have our pending order set for let's say a buy, then price reverses and closes again below the dragon, does this give us reason to cancel the buy? This happened in the EU trade I show, but luckily I pulled it off. GU is a classic Sonic trade I think...

PS: I am aware that the timing of those trades (except the GU one) does not fit Sonic's recommended trading hours, I am just curious to know how you guys would have handled these trades if they did happen during recommended hours.

Merci beaucoup

Chantal
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  • #13,002
  • Jun 25, 2010 2:17pm Jun 25, 2010 2:17pm
EU Watch:

I've pulled the Weekly chart back up to show where PA is compared to that old S&R area (gray rectangle). We can see, as the week comes to a close (less than an hour left), that the price is right at the top of the S&R area.

On the lowest TF charts (M5, M1) the trading levels are high for late Friday trading. They are not only high, but this is going on at the high prices of the entire session! To me, this means traders are not afraid to buy up here. Why? Maybe they smell a gap up coming next week. It would be a sure way of getting the price to break thru this resistance barrier and buiild momentum upwards!

At the same time I think of this, I realize that I have been thinking the profs might gap it down next week, to further help them build long positions.

It could go either way, but current PA activity suggests traders are not afraid of any gap down, maybe because if it happens it only serves to be a harbinger of an upcoming formidable PA climb.

WARNING: Speculation!

So, I am leaning towards holding my long trade.
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  • #13,003
  • Jun 25, 2010 3:01pm Jun 25, 2010 3:01pm
Quoting Chantalb
At times it is really hard for me to see the waves. For example in the picture of EJ how do you guys figure it out in the highlighted zones, especially in 3?

[color=black][font=Verdana]On the other hand I had two very nice set ups on EU and GU as you can see. And here I also have a question, once price is setting up for a move in the dragon and we have our pending order set for let's say a buy, then price reverses and closes again below the dragon, does this give us reason to cancel the buy? This happened...
Yes, those two setups on the charts without the yellow highlights were late in day. But we know the US session can offer some nice runs after the London traders leave. Those two setups were nice.

Regarding the yellow highlighted areas on the other chart. The first was a run down without first a clear EP created because no candle first protruded below Dragon. Nevertheless, good NVO preceded and one might have just said, "Protrusion or not, I'm going to consider that it did!" The second yellow area also is on a run down without first a protruding candle followed by a pullback. One might have said here, "Strong candle action down to bottom of Dragon. I'll risk entry just below Dragon." The third is simple. The top of the protruding candle starts the EP Zone. Pullbacks failed to penetrate Dragon, instead bounced off the upper Dragon line....bullish!

Read Sonicdeejay's post #12. Nowhere there does he say that a PA pullback must recede into the Dragon! In fact, he doesn't even mention pullbacks as a requirement! He says wait until the protruding candle ends, and put the entry order a few pips beyond.
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  • #13,004
  • Jun 25, 2010 3:22pm Jun 25, 2010 3:22pm
EU Long Trade Update:

Original trade is still running. The amount added later is already closed with profit. Attached chart shows TP2 and TP3 were not reached, and will have to be adjusted now.

And this brings up a good point. You cannot change anything once the market closes on Friday. So whatever the TPs and SL on open trades you have, those are the ones you'll be stuck with at the open of the next week!

I got busy elsewhere and didn't consider this. So, what is shown on the chart will be in effect at the open of next week.
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  • #13,005
  • Edited 1:53am Jun 27, 2010 12:30am | Edited 1:53am
EU Watch:

The attached charts show an FE study. What I wish to explain is an interesting correlation between the FE 162% level, the Range, and the FR 50% and 62% levels for this last run up (studies not shown). Here it goes.

The Range is currently 135. If we subtract this current Range from the FE 162% level, we get down to the 1.2316 level. Only 8 pips away at 1.2324 is the FR 50% level of this last run up. So what?

Well, after the run up late Friday, it is possible we could get a pullback before going higher. A likely pullback target is the FR 50% level. Now, from that pullback target, a likely target high for the day is the FE 162% extension level, just within the Range.

But what if price goes higher first? Here is an interesting senario. Price goes up to 1.2417, retraces to the FR 62% level at.....you guessed it.....
1.2316! At this low, PA reverses and goes the Range to the FE 162% level at 1.2451! I'd LOVE to see this senario unfold! 32 pips up during Asian session to 1.2417, then euro session takes it down 101 pips to 1.2316 (it would be a nice short), and then after US open they drive it back up those 135 pips to the FE 162% level (a nice long trade)....two great swings in one day, two good steps in the prof's dance!

These are two senarios that correlate the Range and strong fibonacci levels from two different studies.

Summarizing, a possible pullback target is the area of the quarter number 1.2325. And a possible target high is the area of the whole number 1.2450.

WARNING: Speculation! Lets see what the market decides.
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  • #13,006
  • Edited 2:47am Jun 27, 2010 2:29am | Edited 2:47am
Hi mates,

Is it possible to share this indicator??

Tks in advance
City

Edit : do a little search, got it here, tks to the one who created it. Great tks!!
Attached Image
  • #13,007
  • Jun 27, 2010 3:40am Jun 27, 2010 3:40am
Quoting Buildcity

Edit : do a little search, got it here, tks to the one who created it. Great tks!!
Ya..all thx to TAH..

Sonic
  • #13,008
  • Jun 27, 2010 5:17am Jun 27, 2010 5:17am
Quoting Buildcity
Hi mates,
Is it possible to share this indicator??
Tks in advance
City
Buildcity, TAH shared and developed these indicators along with new SonicR
template, which can be found here:
http://www.forexfactory.com/showpost.php?p=3731912

Quoting Buildcity
Edit : do a little search, got it here, tks to the one who created it. Great tks!!
It was TAH who developed it. Huge credit to him and his skills!
cut losses short, let profits run.
  • #13,009
  • Jun 27, 2010 5:50am Jun 27, 2010 5:50am
Quoting Domas4
Buildcity, TAH shared and developed these indicators along with new SonicR
template, which can be found here:
http://www.forexfactory.com/showpost.php?p=3731912


It was TAH who developed it. Huge credit to him and his skills!
Tks mate, I got it.

Dont want to bother you guys but I just came to this thread and found the chart setup really similar to my current one. Here is my trading screen.

The info panel & clock display created by TAH is really great. If both panels could be moving around between windows as well as 4 corners would be even perfect to the whole community.

Anyway, thks to TAH.

Cheers
City
Attached Image (click to enlarge)
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  • #13,010
  • Jun 27, 2010 6:43am Jun 27, 2010 6:43am
Quoting traderathome
Yes, those two setups on the charts without the yellow highlights were late in day. But we know the US session can offer some nice runs after the London traders leave. Those two setups were nice.

Regarding the yellow highlighted areas on the other chart. The first was a run down without first a clear EP created because no candle first protruded below Dragon. Nevertheless, good NVO preceded and one might have just said, "Protrusion or not, I'm going to consider that it did!" The second yellow area also is on a run down without first...

Thank you Tah for showing the light and for always being there to answer questions. I am getting there, slowly but surely
  • #13,011
  • Jun 27, 2010 10:31am Jun 27, 2010 10:31am
Quoting Buildcity
Tks mate, I got it.

Dont want to bother you guys but I just came to this thread and found the chart setup really similar to my current one. Here is my trading screen.

The info panel & clock display created by TAH is really great. If both panels could be moving around between windows as well as 4 corners would be even perfect to the whole community.

Anyway, thks to TAH.

Cheers
City
Hi City,

Care to share this one please ?

Regards,
Basber
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Trading methods are designed to put the odds in our favor, not predicting.
  • #13,012
  • Jun 27, 2010 10:40am Jun 27, 2010 10:40am
Quoting Basber
Hi City,

Care to share this one please ?

Regards,
Basber
Hi mate

Sure, this indicator "mini chart" is come from Stratman's thread, then check with his web you can find the download.
http://www.forexfactory.com/showthread.php?t=210461

Stratman stressed that the indi is free but please download from his web site as he is counting the usage.

Cheers
City
  • #13,013
  • Jun 27, 2010 10:51am Jun 27, 2010 10:51am
Would someone point me to the post explaining the color coding of the CCI being used? Thanks so much. I am getting alot out of this thread.
  • #13,014
  • Jun 27, 2010 11:37am Jun 27, 2010 11:37am
Quoting lawgirl21
Would someone point me to the post explaining the color coding of the CCI being used? Thanks so much. I am getting alot out of this thread.
Here you are ... : Post #3638

Regards,
Basber
Trading methods are designed to put the odds in our favor, not predicting.
  • #13,015
  • Edited 3:34pm Jun 27, 2010 1:26pm | Edited 3:34pm
Quoting Buildcity
Hi mate

Sure, this indicator "mini chart" is come from Stratman's thread, then check with his web you can find the download.
http://www.forexfactory.com/showthread.php?t=210461

Stratman stressed that the indi is free but please download from his web site as he is counting the usage.

Cheers
City
Stratman also had a hand in the development of the new Coral Dragon for SonicR trading, shown in attached charts.

A complete upgrade of all indicators is being made and the new template is being tested. The first chart shows one of the new displays available. The second chart shows some indicators/features turned off for brevity.

When ready, the new template and upgrade indys will be turned over to Sonicdeejay for his approval and testing before they might be released. So it may be some weeks yet, if it passes muster.

Meanwhile, this new template may be in some of my posts. It doesn't look much different than previous, which it can replicate, but every indicator has been reworked to some extent. Choices seldom used or not needed for SonicR trading are removed. In some cases critical areas are recoded for better performance. In some cases new items are added. All was done to make things more simple and better. And you can easily switch between the SonicR Dragon and the new SonicR Coral Dragon.

As a part of this effort, I hope to include a new SonicR TzPivots (not shown in charts) based on the latest revision of the TzPivotsD indicator, but streamlined by removing all features not necessary for SonicR trading . It provides pivots based on the broker's server time zone, or on any other time zone of the users choice, and with a variety of display options. This new template will then have all the basic tools:

SonicR Chart Panel
SonicR Clock
SonicR Coral Dragon
SonicR EMA Dragon
SonicR EMA Trendline
SonicR FFCal Headlines
SonicR Levels x8
SonicR TzPivots
SonicR Volume Oscillator

These new names for the indicators also allow them to appear alphabetically grouped in the MT4/experts/indicators roster in the same order as they would be added to the chart to create this new template.

Edit: Added third and fourth charts showing SonicR TzPivots being displayed on the template, using just two of the several display options included. The time zone is set to the broker server time zone, so the day separators align with server start of day. If the time zone is set forward or backwards from the server time zone, then the day separators will be repositoned before or after that shown, respectively, and the values of the pivots will change somewhat.
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  • #13,016
  • Jun 27, 2010 2:38pm Jun 27, 2010 2:38pm
Quoting Basber
Here you are ... : Post #3638

Regards,
Basber
Thanks so much Basber. Makes more sense to me now.
  • #13,017
  • Jun 27, 2010 2:40pm Jun 27, 2010 2:40pm
Quoting Buildcity
Tks mate, I got it.

Dont want to bother you guys but I just came to this thread and found the chart setup really similar to my current one. Here is my trading screen.

The info panel & clock display created by TAH is really great. If both panels could be moving around between windows as well as 4 corners would be even perfect to the whole community.

Anyway, thks to TAH.

Cheers
City
"The info panel & clock display created by TAH is really great. If both panels could be moving around between windows as well as 4 corners would be even perfect to the whole community." -

Experience has shown me that the chart upper right and lower right areas are best kept clear for the use of FEs, FRs, TPs, etc. With both the chart panel/extension panel clock and the FFCall Headlines indys to place, it made the most sense to me to put the panels in the chart upper left and the FFCal Headlines in the chart lower left.

I miss ddaytrader. He is always hounding members to remove stuff from their charts, not add. He is wise.
  • #13,018
  • Edited 7:14pm Jun 27, 2010 4:33pm | Edited 7:14pm
EU Watch:

For those wanting pivots, those shown thru the first session this week are Daily pivots based on my broker server location, three time zones before GMT.
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  • #13,019
  • Jun 27, 2010 7:43pm Jun 27, 2010 7:43pm
Quoting traderathome
EU Long Trade Update:

Original trade is still running. The amount added later is already closed with profit. Attached chart shows TP2 and TP3 were not reached, and will have to be adjusted now.

And this brings up a good point. You cannot change anything once the market closes on Friday. So whatever the TPs and SL on open trades you have, those are the ones you'll be stuck with at the open of the next week!

I got busy elsewhere and didn't consider this. So, what is shown on the chart will be in effect at the open of next week.
EU Watch, Long Trade Update:

Due to the possibility of PA previously posted, I have raised TP1 and TP2. I am hoping TP1 is reached before a steep pullback. If this happens then I can re-enter again lower.
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  • #13,020
  • Jun 27, 2010 8:04pm Jun 27, 2010 8:04pm
Quoting traderathome
"The info panel & clock display created by TAH is really great. If both panels could be moving around between windows as well as 4 corners would be even perfect to the whole community." -

Experience has shown me that the chart upper right and lower right areas are best kept clear for the use of FEs, FRs, TPs, etc. With both the chart panel/extension panel clock and the FFCall Headlines indys to place, it made the most sense to me to put the panels in the chart upper left and the FFCal Headlines in the chart lower left.

I miss ddaytrader. He...
Tks TAH,

It makes sense.

Cheers
City
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