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Sonic R. System

  • #13,501
  • Jul 15, 2010 2:53pm Jul 15, 2010 2:53pm
here is my 2cent, and for new soonikers i suggest that do manually analysis and find S&R on higher TF then find super sonic trade ...from S & R u guys get this from learning and practice and dont rush the trade let it come to u.Make your Own rule and strict on it and review your all trades loss n wins. ok

Muhammad
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FxHome
  • #13,502
  • Jul 15, 2010 4:00pm Jul 15, 2010 4:00pm
thank you for great sonic r system
  • #13,503
  • Jul 15, 2010 4:15pm Jul 15, 2010 4:15pm
I'm thinking about starting to stay up for the UK session, which according to the sonic manual is 1-4 AM est.

Is there enough activity going on during that time period to trade off of? Is it compareable to the U.S session?
  • #13,504
  • Jul 15, 2010 4:45pm Jul 15, 2010 4:45pm
Quoting KumoDragon
I'm thinking about starting to stay up for the UK session, which according to the sonic manual is 1-4 AM est.

Is there enough activity going on during that time period to trade off of? Is it compareable to the U.S session?
I am in the US too and have tried to do it...it's very lonely and day job makes it impossible. The few times I have pullled it off, I did not see enough activity to justify it as a way of life. Just my 2 pips worth.
  • #13,505
  • Jul 15, 2010 5:30pm Jul 15, 2010 5:30pm
Yes,regarding trading London session esp. open: unless you can be certain your schedule permits you to sleep enough other times, be careful--if you are tired and / or half-asleep, your judgement reaaly suffers. All of my bad trades have been when I have been tired from staying up or getting up at odd hours. I would be very carefu or just plan on staying up only 1-2 nights/week, preferably mid-week (best market),

I do think that more good moves happen at LO. But, trading the start of the NY open also seems to provide enough good opportunities. If you look back at a week's worth of SonicR setups, you can see that good ones have arisen at US open.
  • #13,506
  • Jul 15, 2010 5:37pm Jul 15, 2010 5:37pm
Quoting cardinale
Yes,regarding trading London session esp. open: unless you can be certain your schedule permits you to sleep enough other times, be careful--if you are tired and / or half-asleep, your judgement reaaly suffers. All of my bad trades have been when I have been tired from staying up or getting up at odd hours. I would be very carefu or just plan on staying up only 1-2 nights/week, preferably mid-week (best market),

I do think that more good moves happen at LO. But, trading the start of the NY open also seems to provide enough good opportunities....
When exactly is the London open? the manual says to trade between 1-4 AM , but I thought the actual open was 3 AM?

P.S. I work from home, so adjusting my sleep schedule isn't a problem. I'd just have to take more afternoon naps.
  • #13,507
  • Jul 15, 2010 5:42pm Jul 15, 2010 5:42pm
Quoting KumoDragon
When exactly is the London open? the manual says to trade between 1-4 AM , but I thought the actual open was 3 AM?

P.S. I work from home, so adjusting my sleep schedule isn't a problem. I'd just have to take more afternoon naps.
London opens 11 p.m. PST (California time).
  • #13,508
  • Jul 15, 2010 5:50pm Jul 15, 2010 5:50pm
Quoting lawgirl21
London opens 11 p.m. PST (California time).
Ok now I'm really confused the market hours calender at babypips says london open is 8:00 (eight hundred )
  • #13,509
  • Jul 15, 2010 5:54pm Jul 15, 2010 5:54pm
Quoting KumoDragon
Ok now I'm really confused the market hours calender at babypips says london open is 8:00 (eight hundred )
kumo

London does open at 8.00, and it is now 5 min to midnight
  • #13,510
  • Jul 15, 2010 5:55pm Jul 15, 2010 5:55pm
Quoting KumoDragon
Ok now I'm really confused the market hours calender at babypips says london open is 8:00 (eight hundred )
It is 11:54 p.m. in London right now. It is 3:54 p.m. in California right now. What time is it where you are now? Figure it that way.
  • #13,511
  • Jul 15, 2010 6:00pm Jul 15, 2010 6:00pm
Quoting lawgirl21
It is 11:54 p.m. in London right now. It is 3:54 p.m. in California right now. What time is it where you are now? Figure it that way.
5:59 PM. Crap now I'm all messed up about the US london opening times compared to my time.

U.S. open is New York time right? I've been getting up at 6 AM (here) thinking that was the US open.
  • #13,512
  • Jul 15, 2010 6:22pm Jul 15, 2010 6:22pm
I got it figured. Got a clock here: http://www.forexmarkethours.com/

London open is 2 AM for me.

But, in the manual is says trade from 1-4 AM, which is an hour before the actual open? Is he saying that because of the asian overlap with the london market around that time?
  • #13,513
  • Edited 10:06pm Jul 15, 2010 9:05pm | Edited 10:06pm
Regarding market open times.....

KumoDragon and Lawgirl, use the template clock and the template market hours indicators. That is what they are for. Guys and gals, don't reinvent the wheel!

http://www.forexfactory.com/showpost...ostcount=12483

To be sure the vLines for the start and end of approved trading, and for the market open times, are properly set, leave the clock on thru one day. When the clock says "8:00 London" PA should be on the "L" vLine. And when the clock says "8:00 NewYork" PA should be on the "N" vLine. The "<" should be two hours ahead of "L". The ">" should be three hours after "N". The clock never requires any adjusting, DST or not, and no matter what time zone your broker server is in. So use it to be sure the vLines are properly set. Then you can turn it off if you don't want it always displaying.

P.S. Each indicator has an overview/user notes at the top of its' compile. If you have questions, read these overviews first.
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  • #13,514
  • Edited 1:53am Jul 16, 2010 1:17am | Edited 1:53am
EU:

Here goes the last of what has turned out to be a 4 part trade. When PA drops more, I'll combine and post the whole. No target assigned yet, because if this truely starts to drop......well, what with the pump this got again yesterday we could be looking at a 1,500 pip drop over weeks ahead. Anyway, most likely the entire 4 part trade will stay on the books into next week. We'll see how it goes this last session.
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  • #13,515
  • Jul 16, 2010 3:32am Jul 16, 2010 3:32am
Well Another trade reverse! yesterday EU, today GU.

haha

look like need to find something more solid to filter out bad entry
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  • #13,516
  • Jul 16, 2010 3:45am Jul 16, 2010 3:45am
Looking into S&R once more and this time very thoroughly I attempt to draw them on a 4H chart, your kind input is appreciated. However there are different thoughts about how to properly draw these zones. In these charts I have drawn them according to the significant highs and low, however there are some that state that one could shift to a line chart and then draw them on the significant/intersecting peaks and valleys where appropriate and then shift back to a bar/candle stick chart (I haven’t done that here). Which one of the methods is better?
Thank you,
Chantal
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  • #13,517
  • Jul 16, 2010 3:48am Jul 16, 2010 3:48am
Quoting vincecyc
Well Another trade reverse! yesterday EU, today GU.
I'm not certain whether my "newness" to the sonic system meant I did something wrong, but my trade never triggered.

The 08:00 large bullish candle did not CLOSE above the sonic dragon, so I didn't use that as the trigger candle. Also the the QQE was <50.
The next candle 08:15 closed above and I used that as the trigger (plus a few pips)
However the 08:30 didn't break the trigger point.
  • #13,518
  • Jul 16, 2010 3:55am Jul 16, 2010 3:55am
Quoting vincecyc
Well Another trade reverse! yesterday EU, today GU.

haha

look like need to find something more solid to filter out bad entry
It is not really a reverse, Vincecyc. Both EU and GU have been getting the "Pumps" lately; the profs driving it ever higher now that they have the momentum going. And all for the purpose of getting higher and higher prices to short at! In other words, they have repeatedly created drives up, while selling off all the way up the drive!

At some point, however, they'll stop. Flush with good short positions at levels up to the top, they'll take a break. They'll slowly suck up whatever more shorts they can, based on liquidity. Then, after this period at the highs, a trend reversal.....a real reversal.....will come. Then EU and GU will drop.

I think you may have chosen a time very near the end of their pumps, to go long. Could be next week we will see what looks like a trend reversal to down starting. Meanwhile, today being the last session of the week, I would imagine prices will just oscillate/range at the hights. Depending on how wide the range, moves may or may not be tradeable. However, if my conjecture is anywhere near close to the truth, any shorts entered today, could turn a good profit next week.

I just don't know if the movements today will offer good in-and-out trading via SonicR. The profs may just keep PA up in the highs, ranging.

Oh well, as Sonicdeejay says, "Let the market decide."
  • #13,519
  • Jul 16, 2010 4:20am Jul 16, 2010 4:20am
Quoting traderathome
It is not really a reverse, Vincecyc....
Yeap you maybe right that how those big boy make $,

the EU is pump Higher and higher

pls dun mistaken that i say this system bad etc

i just say i make a bad entry, it not so much of the system it is the trader, i take responsible of very trade i enter

thank for those reply

happy trading
  • #13,520
  • Jul 16, 2010 4:43am Jul 16, 2010 4:43am
Quoting vincecyc
Well Another trade reverse! yesterday EU, today GU.

haha

look like need to find something more solid to filter out bad entry

Your long is my short! if you put there an fib ret, you will see what i'm talking about

dont know if it the best choice, but R/R is very good, i have 25 pips sl and 100 and 130 tp
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