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Sonic R. System

  • #13,081
  • Jul 1, 2010 9:49am Jul 1, 2010 9:49am
I decided to trade only using sonic. Today GU
I followed the thread little time and read most of topics.
Thanks Guys.
  • #13,082
  • Jul 1, 2010 10:00am Jul 1, 2010 10:00am
Quoting khairul81
then i guess i have more to learn.
We all do.... but there has to be a very systematic approach to success in forex (as in much of life ). The checklist (post #420) is the best way to evaluate a set-up without emotions and other baggage. Keep reading the thread and if you really want fundamentals, or a refresher in them, go to www.babypips.com-- an excellent way to start or review.
  • #13,083
  • Jul 1, 2010 10:31am Jul 1, 2010 10:31am
Quoting lawgirl21
We all do.... but there has to be a very systematic approach to success in forex (as in much of life ). The checklist (post #420) is the best way to evaluate a set-up without emotions and other baggage. Keep reading the thread and if you really want fundamentals, or a refresher in them, go to www.babypips.com-- an excellent way to start or review.
Thanks Lawgirl..but what is your opinion on my EG trade?
  • #13,084
  • Jul 1, 2010 12:56pm Jul 1, 2010 12:56pm
I’m sorry for pestering you with all the pivot questions. I have some more…
Ok… I went through meta editor again to get a better understanding of how I should set it up. When I first started using this indicator I took for granted that all settings should stay on default except the time zone inputs. Today I corrected the fibo pivots to daily. I totally get how to set up my time whether for broker time pivot, GMT pivot or what have you. About the DST settings… Can I not set the Auto_Adjust_DST to false? I mean my broker time now(DST) is GMT+2 otherwise it becomes GMT+1, can I not just change the server time in the indicator when DST is over from 2 to 1? These questions refer to :
Quoting traderathome
The last chart shows the adaptation of the TzPivotsD indy to the new template when selecting time shifted pivots; a much cleaner look. The DST problem is fixed in this. So it is easy to switch between broker server pivots and time shifted pivots anytime during the year.

Another thing, after I turned Data Panel off another one came up “Tz Test panel” which I also turned off, however this is what I read in Meta editor “A Note On The TzTest_Panel:
When the Data Panel is "off" this Displays key data in management of the TzShift code.
This is Caveman's cave....don't mess around in there!” … What should I do turn it on or off?
I really appreciate all the genuine effort you are putting into making me a better trader, I hope one day I will be able to pass on as much generosity to others who need it.
Regards,
Chantal
  • #13,085
  • Edited 2:56pm Jul 1, 2010 2:36pm | Edited 2:56pm
Quoting Chantalb
I’m sorry for pestering you with all the pivot questions. I have some more…
[font=Calibri][size=3]Ok… I went through meta editor again to get a better understanding of how I should set it up. When I first started using this indicator I took for granted that all settings should stay on default except the time zone inputs. Today I corrected the fibo pivots to daily. I totally get how to set up my time whether for broker time pivot, GMT pivot or what have you. About the DST settings… Can I not...
Chantalb, regarding DST......if your Tz settings are to shift pivots (number inputs will not be the same) then leave the Auto_Adjust_DST "true". If you intend to generate broker server pivots (number inputs will be the same) during DST (now) and only during DST, then and only then, set that input to "false". The next upgrade will automate all this.

Regarding the Data and TzTest panels......turn them both off. The TzTest Panel has nothing to do with trading. It was designed to check the results of various aspects of the time shift code. And you don't need the Data Panel with the new template.

Hope this helps.
  • #13,086
  • Jul 1, 2010 2:58pm Jul 1, 2010 2:58pm
Quoting traderathome
Chantalb, regarding DST......if your Tz settings are to shift pivots (number inputs will not be the same) then leave the Auto_Adjust_DST "true". If you intend to generate broker server pivots (number inputs will be the same) during DST (now) and only during DST, then and only then, set that input to "false". The next upgrade will automate all this.

Regarding the Data and TzTest panels......turn them both off. The TzTest Panel has nothing to do with trading. It was designed to check the results of various aspects of the time shift code. And...

Very clear...
Thank you
  • #13,087
  • Jul 1, 2010 4:40pm Jul 1, 2010 4:40pm
Quoting traderathome
Here is my ode to today's activity......


The forex market, huge and strong,
traders allowed to go short and long.

Good news, bad news or no news around,
no matter here, it is always up or down.

There are times when it has the “blues”,
just preparations for the next move.

[FONT=Times...
Bravo ) Excellent trade by the way. longed E/J ... But E/U was far better ...

P.S. : yesterday I had shorted U/J. I closed that position manually @-12 pips before hitting the SL ...

Regards,
Basber
Trading methods are designed to put the odds in our favor, not predicting.
  • #13,088
  • Jul 1, 2010 4:40pm Jul 1, 2010 4:40pm
Quoting khairul81
then i guess i have more to learn.
There is always more to learn ...

Regards,
Basber
Trading methods are designed to put the odds in our favor, not predicting.
  • #13,089
  • Jul 1, 2010 4:49pm Jul 1, 2010 4:49pm
Quoting khairul81
iS THIS A GD SETUP?
It's more conservative to wait for the last high to broke, but if you rather to enter earlier, I believe it's a good move to bring SL to BE when it reaches the last high, specially now that we have a divergence on M15.
I would say I'll not enter those setups, because it already made it's move to top. So I'll stand aside ...

By the way, E/G had a little odd moves. I recommend you not to trade it on real until you work with it at least 2 months.

Just my 2 cents

Regards,
Basber
Trading methods are designed to put the odds in our favor, not predicting.
  • #13,090
  • Edited Jul 2, 2010 12:04am Jul 1, 2010 11:42pm | Edited Jul 2, 2010 12:04am
EU Watch:

Here are session GMT Daily and Fibonacci Pivots (just FR3 down to FS3....doubt the two higher and lower levels will come into play today).

Yesterday the range darn near TRIPLED!

There is something called a "Cliff Trade". Imagine the price high, and then dropping far in very little time.....like falling off a cliff. Entry near bottom is a "Cliff Trade", and has good risk to reward ratio since the price is most likely to bounce after impact. Yesterday PA set up the makings for an inverted "Cliff Trade", as after a run that nearly tripled the range, the price is most likely to fall.

So today, all this might bring into play an S&R early entry SonicR short trade setup. PA is 'floating' just above the whole number 1.2500. If PA drops thru it, yet before a SonicR short setup, it might become the S&R for such an early entry trade. This is only a guess on my part, but after such a whopping market reaction yesterday to (who cares), if price starts to drop, the central pivot is the most likely target......neutral price territory and safest haven over the weekend while the market decides for sure whether it is doing the right thing, or not.

But, after a day like yesterday, anything can happen. This is truely not a time to charge off on any bias. Instead, the best is to be thinking pure SonicR only, and be patient. So, as always.....

.......let the market decide.
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  • #13,091
  • Jul 2, 2010 12:47am Jul 2, 2010 12:47am
EU Watch:

Price has dropped thru whole number 1.2500 and might now be pulling back. Chart shows FR study gauging any pullback and offering levels for early entry. The low of the candle down out of the Dragon is 70 pip above the central pivot. This would not be a bad trade. But the lower whole number 1.2400 aligns near the FR 162% level, which would also be a reasonable target, 15 pips lower.

If this is to go down, I would think for sure the euro session traders will first make the price come up for them....part of the pullback. Just speculation at this point.
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  • #13,092
  • Jul 2, 2010 2:17am Jul 2, 2010 2:17am
EU Long Trade Initated and Closed:

The early euro session traders quicky dropped the price, then kept it in a lower range on heavy trading. This was in part buying in advance of what they knew would be a London Open drive up. The risk to reward was really good for a quick 32 pips profit on the London Open. If this is to drop, then at the highs they will be closing the longs and going short along with the London traders. Again, this is speculation.

This was not a SonicR trade.
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  • #13,093
  • Jul 2, 2010 2:40am Jul 2, 2010 2:40am
EU Watch, Short Trade Initated:

A small early entry at current pullback high area. As time goes on, when the traders feel all have taken advantage of this high, and the count of sell orders at higher prices drops, then they might spike it up even higher for themselves. That is why a small entry. There may be an opportunity for another small entry higher.

The whole number TP is tentative. This is Friday....we'll see how it goes.
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  • #13,094
  • Jul 2, 2010 2:41am Jul 2, 2010 2:41am
Waiting for short e/u
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  • #13,095
  • Jul 2, 2010 2:56am Jul 2, 2010 2:56am
Quoting tushka
Waiting for short e/u
Tushka, look at these two charts. Can you see the difference? Your vLines are set 1 hour too early!
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  • #13,096
  • Jul 2, 2010 3:25am Jul 2, 2010 3:25am
Quoting traderathome
Tushka, look at these two charts. Can you see the difference? Your vLines are set 1 hour too early!
not really understanding what do you mean,please TAH explaine me more thoroughly
  • #13,097
  • Edited 4:12am Jul 2, 2010 3:31am | Edited 4:12am
EU Short Trade Update:

There are EU "releases" in about half an hour. Meanwhile, PA is stalled out. If price drops a bit more I'll close the short and go long for another possible PA rise.

Edit: The EU "releases" were out about 10 minutes ago and price is still stalled around 1.2500 +/-, as though nothing much will happen until the US NFP release in about 3.5 hours (8:30am EST). Then it is anybody's guess, although after the run up yesteday, one might think in terms of at least a mild pullback (down) no matter what is in the NFP release. Just opinion.
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  • #13,098
  • Jul 2, 2010 5:03am Jul 2, 2010 5:03am
Question:
when I set the parameter on 768 and when on 20?
  • #13,099
  • Jul 2, 2010 5:17am Jul 2, 2010 5:17am
Quoting mtbf40
Question:
when I set the parameter on 768 and when on 20?
... at the NVO-Histogram
  • #13,100
  • Jul 2, 2010 6:02am Jul 2, 2010 6:02am
Quoting mtbf40
Question:
when I set the parameter on 768 and when on 20?
Read user notes at top of indy compile. Also, I believe I discussed this in a post in June. Basically, it is a matter of preference. "20" can be more responsive, especially if things are slow. If things are real active, the "768" can provide better definition.
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