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Sonic R. System

  • #14,201
  • Aug 18, 2010 8:54am Aug 18, 2010 8:54am
USDCHF:

This pair has a SonicR short setup because it now shows the proper HL sequence.

There is a US release (oil inventories) in about half an hour from now, of "Medium Impact", and which could affect movement either way.
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  • #14,202
  • Aug 18, 2010 8:55am Aug 18, 2010 8:55am
If Eu doesnt make a wave then AU short is a good possibility

(My entry is a bit earlier @ downbreak of 0.9030, better risk:reward)

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  • #14,203
  • Aug 18, 2010 10:31am Aug 18, 2010 10:31am
Quoting Basber
Because I don't like re-entries, If I wanted to trade this pair, I would like to enter yesterday (black line) and would've trail it.

Regards,
Basber

Hi Basber,

For your entry at the Black line, my query is the low just BEFORE the Black line, since it did NOT go below Sonic Dragon, would you consider it as a "Low"?

This is one reason why I mark "L" only when it past through down the Sonic Dragon, and not before, so it was a bit late.
eg. If price past down through the Dragon, then I will mark it with 'L'.
eg. If price past up through the Dragon, then I will mark it with 'H'.
Is this reasonable or not to view the High and Low in this manner ??

In this case, I was not at computer to take in at the black line, otherwise also would like to take it earlier.

Cheers,
FB.
  • #14,204
  • Aug 18, 2010 10:39am Aug 18, 2010 10:39am
Quoting traderathome
EU Watch:

And GU, too. These have received the Almighty Pump once again! Now, if this is preparations for another dive, the HL sequence we have is not correct. If PA waffles to create lower HLs, then we may see good short setups. It would be a shame to see PA just rip right back down without doing so, but.....

....let the market decide.

Hi TAH,

What you thinking about EUR/USD going Long or Short now around 1.2870 ?

Looking at the chart, I am not sure whether it is the H-L or L-H formation for this.
It looks like in a big rectangle stuck in the range of 1.2823 and 1.2921.

Cheers,
FB.
  • #14,205
  • Aug 18, 2010 10:45am Aug 18, 2010 10:45am
Quoting traderathome
USDCHF:

This pair has a SonicR short setup because it now shows the proper HL sequence.

There is a US release (oil inventories) in about half an hour from now, of "Medium Impact", and which could affect movement either way.
I added higher, and have now closed this trade with 9 pips profit because I just feel that this "bouncing" below the Trend is a basing process. If it goes down further, fine by me.
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  • #14,206
  • Aug 18, 2010 11:09am Aug 18, 2010 11:09am
EU Watch:

And GU too. We now have proper HL sequence for shorting, should a SonicR setup occur....one of those late US session surprise runs?

Considering the HL sequences (and hoping they hold) I have added to my ancient GU short trade and look forward to closing this trade with, or without, substantial profit. It has just gone on too long, which is my fault.
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  • #14,207
  • Aug 18, 2010 11:42am Aug 18, 2010 11:42am
Quoting foxybunny
Hi Basber,

For your entry at the Black line, my query is the low just BEFORE the Black line, since it did NOT go below Sonic Dragon, would you consider it as a "Low"?

This is one reason why I mark "L" only when it past through down the Sonic Dragon, and not before, so it was a bit late.
eg. If price past down through the Dragon, then I will mark it with 'L'.
eg. If price past up through the Dragon, then I will mark it with 'H'.
Is this reasonable or not to view the High and Low in this manner ??

In this case, I was not at computer to take...
A high is a high and a low is a low. It's about where price is itself. whether it is below or above dragon or any other indicator. As you can see in the manual, I didn't mark Low and High according to dragon, I marked them on naked chart.

But the thing you mentioned is useful to recognize a regular sonicR setup from a better one. The circumstances you mentioned will result in a very good sonicR setups ...

Regards,
Basber
Trading methods are designed to put the odds in our favor, not predicting.
  • #14,208
  • Aug 18, 2010 11:47am Aug 18, 2010 11:47am
Quoting foxybunny
Hi TAH,

What you thinking about EUR/USD going Long or Short now around 1.2870 ?

Looking at the chart, I am not sure whether it is the H-L or L-H formation for this.
It looks like in a big rectangle stuck in the range of 1.2823 and 1.2921.

Cheers,
FB.
If you're not sure, don't trade. And don't just press sell/buy because of someone else's analysis. I'm too watching EU to go short if the setup appears in the way I like, but that doesn't mean every one who read this should go short. Trading the more clear setups will increase your winning rate dramatically.

Be indipendent, so you can learn from what you've done.

By the way, it's just my 2 cents and It's only what I experienced. Maybe I'm wrong ...

Regards,
Basber
Trading methods are designed to put the odds in our favor, not predicting.
  • #14,209
  • Aug 18, 2010 12:05pm Aug 18, 2010 12:05pm
Quoting Basber
If you're not sure, don't trade. And don't just press sell/buy because of someone else's analysis. I'm too watching EU to go short if the setup appears in the way I like, but that doesn't mean every one who read this should go short. Trading the more clear setups will increase your winning rate dramatically.

Be indipendent, so you can learn from what you've done.

By the way, it's just my 2 cents and It's only what I experienced. Maybe I'm wrong ...

Regards,
Basber

Hi Basber,

Thanks for your explanation on High and Low, and no need to relate it too much with the Sonic Dragon.

I been waiting for entries on EUR/USD, EUR/JPY, GBP/USD, USD/CHF, and no entry was trigger.
Difficult to get direction right now, see all in range inside the Dragon.

I'm not sure, so no trade for me tonight.
Also past the trading time I learnt last time.
Time to snooze.

Thanks again for the reminder to trade independent.

Cheers,
FB.
  • #14,210
  • Aug 18, 2010 8:16pm Aug 18, 2010 8:16pm
GU Short Trade Update:

This is the only trade I have running. And it has been running for YEARS! Or so it seems. Yesterday, after our approved hours trading, I added and raised the average entry price in an attempt to try and make some money off of this catastrophe. I have a tight SL and what I think is a reasonable TP, not even near the RgL mark.

I am half thinking the asian professional traders might trade it down to my TP, where I can exit with modest profit. Then the euro traders might do a pump and perhaps then I can re-enter higher again and ride it back down....double dip, for all my trials with this one!

So, let's see what the market decides.
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  • #14,211
  • Aug 18, 2010 10:24pm Aug 18, 2010 10:24pm
My 8th SonicR Trade (Live).

Executed Order.
GBP/USD - Short
Date: 19-Aug-10
Time: FxPro 05:00
Entry: 1.5559
SL: 1.5619 (-60 pips) (Above LH2)
TP: 1.5499 (+60 pips) (Just Near Yesterday's Low)

Current Price: Around 1.5562

Reasons:
H-L-LH1-LL1-LH2 Wave formation.
Sonic Dragon down.
Price retrace up touch lower band.
Price went Down past Sonic Dragon.
Be careful as Volume low as in Asian session.

Attached:
H4 chart for Support & Resistance
M15 Entry, SL, TP.

I will inform of exit result no matter it is profit or loss.

** Please comment on analysis.

Thanks,
FB.

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  • #14,212
  • Edited Aug 19, 2010 12:12am Aug 18, 2010 11:38pm | Edited Aug 19, 2010 12:12am
Quoting foxybunny
My 8th SonicR Trade (Live).

Executed Order.
GBP/USD - Short
Date: 19-Aug-10
Time: FxPro 05:00
Entry: 1.5559
SL: 1.5619 (-60 pips) (Above LH2)
TP: 1.5499 (+60 pips) (Just Near Yesterday's Low)

Current Price: Around 1.5562

Reasons:
H-L-LH1-LL1-LH2 Wave formation.
Sonic Dragon down.
Price retrace up touch lower band.
Price went Down past Sonic Dragon.
Be careful as Volume low as in Asian session.

Attached:
H4 chart for Support & Resistance
M15 Entry, SL, TP.

I will inform of exit result no matter it is profit or loss.

** Please comment...
FB, your vLines are 3 hours off. I guess you didn't read the user notes in the compile!

Look at the difference in where they are placed between your chart and mine and the PA track on each. You should be able to see the big difference.

Open the external inputs for the Market Panel Display Controller and drop down to #6, "vLines_Server_GMToffset". I bet yours is set to "0". However, your broker server is NOT at GMT time. Instead, it seems to be like mine, at GMT +3. And therefore this input needs to be changed to "3".

Try doing that and see if your vLines placement corrects. To be sure they are properly placed, turn on your Market Panel Clock. When London time shows as "8:00" (8am in London) that is when PA should intersect the "L" vLine.

On some of my posted charts, the vLines are slightly different, as in the GU post above. The new indys being worked on allow for half hour placements. And on these other charts I am posting, the start of approved hours is delayed a half hour and the start of US trading is delayed one and a half hours to coincide with the US stock market open. These are not critical alterations, so pay them no mind. The vLines placement shown in my chart attached hereto has the vLines exactly per Sonicdeejay's specifications.
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  • #14,213
  • Aug 19, 2010 12:22am Aug 19, 2010 12:22am
Quoting traderathome
GU Short Trade Update:

This is the only trade I have running. And it has been running for YEARS! Or so it seems. Yesterday, after our approved hours trading, I added and raised the average entry price in an attempt to try and make some money off of this catastrophe. I have a tight SL and what I think is a reasonable TP, not even near the RgL mark.

I am half thinking the asian professional traders might trade it down to my TP, where I can exit with modest profit. Then the euro traders might do a pump and perhaps then I can re-enter higher...
The euro traders have come to the table, but price has not yet been driven down to new lows after 15+ minutes of trading. I have closed this trade with 40 pips profit, and will wait now to see if PA is forced upwards either by these traders, or by the LO traders, for a new higher entry for another short trade.

PA could still just proceed down, if these current traders have not begun serious trading yet.
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  • #14,214
  • Edited 2:10am Aug 19, 2010 1:58am | Edited 2:10am
A Classic Bit of Price Manipulation:

The brown rectangle starts about 5 minutes after the Frankfurt Open. The Frankfurt PPMs quickly took the price down to the half number, the previous low area thru the asian session. Then, for about half an hour, they kept the price in a very tight range at the lows. Traders with buy orders sitting a bit below the half number eventually gave up waiting for the price to drop and decided to just go ahead and move their buy order up to a price within that tight range.

Now the PPMs were waiting for this. At some point in time, a huge vacancy between the half number and 20 pips below came about. Lots of traders with buy orders down there had given up and bought at a price within the tight range the PPMs were keeping the price in. This made it very inexpensive for the PPMs to launch a dive 20 pips down, where they had alread placed their large buy order....there just were too few orders remaining in between, too few imbalances to take on thru the dive down, to be of much bother money wise.

As you can see from the M1 chart, the PPMs waited for the levels 20 pips down to clear out, then placed their order down there and then ran the price down to get their order filled......and right back up afterwards! As a bonus, other traders already long but with too tight SLs lost their trades to the PPMs, and other traders long with overleveraged accounts lost their trades to the PPMs, too!

This is an example of classic price manipulation, imho.

WARNING: Speculation!
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  • #14,215
  • Edited 2:36am Aug 19, 2010 2:23am | Edited 2:36am
EU Watch:

SonicR long is set up. Price currently is pulling back (final loading up?). Pice has been basing along whole number.

Might be worth keeping an eye on.

Edit: PA has violated the HL sequence. Clear the chart and start anew.
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  • #14,216
  • Aug 19, 2010 2:48am Aug 19, 2010 2:48am
EU Watch:

We lost our HL sequence on this last spike down. But, as you can see from the study of trade volume, that spike down brought in 250+% of the average trading level. To me, that says the price is going higher later.

Let the market decide.
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  • #14,217
  • Edited 6:35am Aug 19, 2010 6:24am | Edited 6:35am
GU and EU:

GU had another London session Extreme Pump, just like yesterday. And just like yesterday, a "LL" has been marked. At the same time, EU also had a drive up, with heavy trading coming in at the highs and also putting in a "LL". Under these circumstances, it would sure seem logical that the next major moves will be downwards.

WARNING: Speculation!
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  • #14,218
  • Aug 19, 2010 6:36am Aug 19, 2010 6:36am
Quoting traderathome
EU Watch:

We lost our HL sequence on this last spike down. But, as you can see from the study of trade volume, that spike down brought in 250+% of the average trading level. To me, that says the price is going higher later.

Let the market decide.
Hi sonic,
I have learned sonic system for some day,but I do not quite understand it after upgrade.I am chinese,and my English is not very good,can someone tell how to use the new sonic or give me a link?thanks. e mail [email protected]
  • #14,219
  • Aug 19, 2010 7:58am Aug 19, 2010 7:58am
Quoting cocaguanhao
Hi sonic,
I have learned sonic system for some day,but I do not quite understand it after upgrade.I am chinese,and my English is not very good,can someone tell how to use the new sonic or give me a link?thanks. e mail [email protected]
There is no "upgrade" of the SonicR method, and it is quite well explained in the materials available in the first post of this thread, as well as the dozen or so subsequent posts.

Since inception, there have been miscellaneous indicators and templates posted by members, but the SonicR method....using the Dragon, PA Waves (HL sequences), and S&R.....has never changed. By the way, I am not Sonicdeejay, but I hope my reply helps you.

Welcome, and good trading to you.
  • #14,220
  • Edited 8:52am Aug 19, 2010 8:13am | Edited 8:52am
Hey TAH, seems like pump up for better short prices??


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