Sonic R. System | Page 721 | Forex Factory

Options

Go to
Permalinks
Print Thread

Similar Threads

Sonic R.evolution 95 replies

The System Behind the System, by Merlin Jeffries 16 replies

Old School Sonic System + Other Things 11 replies

Knife system, Vegas 4h system related questions. 4 replies

Would you trade this system? New system #2. 10 replies

Attachments: Sonic R. System
Exit Attachments

Sonic R. System

  • #14,401
  • Sep 5, 2010 7:45pm Sep 5, 2010 7:45pm
Quoting CandleStar
Hi Basber,

thanks for answering. I am not good with uploading charts but please let me explain. What I mean is crossing of the PA with the Coral (THV4 system) which is a MA (60 AFAIK) in itself. First I noticed it for EURUSD and GBPUSD only, but lately I recognized the phenomenon for USDJPY too.

When the PA wants to cross the coral it bounces off with several candles (the lows (or highs) of the candles tip onto the curve and bounce off), and more often than not is not able to to cross it but bounces off completely after several attempts (the...
CandleStar, I , like Basber, could make neither heads nor tails out of your first post.

We have a convention here, and it should be used on all threads....start your post with the pair ID(s) you are going to talk about, so we all know what's what, and finish your post with a chart....so we can see what the dickens you are mumbling about!

This is NOT the THV thread and we don't use the coral indy. First of all, the coral is just another way of displaying a moving average line. But second of all, it smooths out the line totally destroying any early signs of change.

The 1st chart below shows the SonicR Dragon and Trend.

The 2nd chart shows the coral Dragon I have developed modifying Strateman's code. The coral is set to "34"

The 3rd chart shows the THV coral added to the SonicR chart. The coral is set to "55" which was, and maybe still is, the standard used by Cobra. I have made the colors bright as possible so we can all see it. And, as we can all see, the coral with a setting of "55" tends to replicate the Dragon (34emas) but lags it a bit.

All this is to demonstrate that there is nothing special about the coral. It is just another way of calculatiing a moving average, applying mathematical gyrations to smooth out results, and which could also destroy early clues to directional change.

Hey, so what if PA bounces repeatedly off of a moving average....or Madison Avenue.....or, Wall Street! We trade what the market gives us.
Attached Image(s) (click to enlarge)
Click to Enlarge Name: # 130.gif Size: 30 KB
Click to Enlarge Name: # 131.gif Size: 31 KB
Click to Enlarge Name: # 132.gif Size: 32 KB
  • #14,402
  • Edited 9:20pm Sep 5, 2010 8:05pm | Edited 9:20pm
EU Watch:

So far during this first asian session of the week, the three highest activity bars were at the top, and at intervals coming down from it. This last one looks like a lot of selling off, and then PA was "rescued" and started to be "worked" back up.

My guess is we will see at least another PA pump up, in the euro session or US session. Or maybe even both sessions will pump it back up a bit before their heavy selloffs start driving it back down some, as seems to have just happened in the asian session.

Edit (1 hr & 10 minutes later): We have another high activity bar moving the price down (2nd chart). It sure looks like spurts of heavy selloffs during the asian session. This one happens after the price first got pumped back up, apparently in preparation for this selloff which the traders knew would again drop the price somewhat.

WARNING: Speculation!
Attached Image(s) (click to enlarge)
Click to Enlarge Name: # 133.gif Size: 31 KB
Click to Enlarge Name: # 134.gif Size: 30 KB
  • #14,403
  • Sep 5, 2010 10:44pm Sep 5, 2010 10:44pm
Hi, TAH:

Is the SonicR NVO indicator on your recently posted charts now available? Apologies if I missed it but I couldn't find it on the thread.

Thanks as always for all of your great help.
  • #14,404
  • Sep 5, 2010 11:00pm Sep 5, 2010 11:00pm
Quoting cardinale
Hi, TAH:

Is the SonicR NVO indicator on your recently posted charts now available? Apologies if I missed it but I couldn't find it on the thread.

Thanks as always for all of your great help.
This indicator is holding up the release of the new template and indys. The problem with the FFCal code is that it keeps old news showing until half the time to the next news. But the next news might be both a low impact and a high impact at the same time. And the second problem is that lower impact news simulataneous with higher impact news tends to display the lower impact first. The bottom line is we can get a late "surprise" notice of a high impact event, all because an old event continues to be listed for quite some time.

The coding has been giving me fits! Removing the old news prior to when half the time to the next news is up, is the core problem. And I have not found a way around it. So I have added code to read deeper into the ForexFactory file, line up future events, and prioritize them for display while an already occurred event continues to be displayed. To help keep the "bad surprise" factor down, I added a third news event line, too. My coding of this was over the weekend, and I need time now to see how it works under varying FFCal news situations.

So, no, it is not yet available. Sorry.
  • #14,405
  • Sep 5, 2010 11:38pm Sep 5, 2010 11:38pm
Hey everyone,

I noticed many traders making a particular mistake that I wanted to write a post about. Its a common mistake, but something that I wanted to help correct if possible, I'm guilty of the mistake also at times.

Whenever you trade, you should have a good risk to reward ratio, I usually try to get a 1:2 ratio, so for every one pip you risk you should try to receive two pips. If you have a 40 pip SL then you should have a tp of around 80 pips. Whenever I trade a particular currency, using the sonicr system, I look for something in particular, I first zoom out on the M5 chart, and I look for a U shape in price action, if there is any strong support or resistance levels. If the pair is ranging I look for the range for be around 40-50 pips or less.

The reason why I look for a "U" shape in price action while zoomed out on the chart, if the "U" shape in price action has no strong support or resistance levels, then when a trend is clearly defined and I make my trade, its likely that the trend will continue for awhile, which is good because I then use my MTF Schaff Trend indicator to alert me when to exit.

Check out the image for further details. I hope I explained this correctly? Feel free to ask any questions.

Tip: If i see a range that is too big, I just close the chart and wait for the next session to possibly trade that particular currency pair.
Attached Image (click to enlarge)
Click to Enlarge Name: usdcad_2.gif Size: 32 KB
  • #14,406
  • Sep 6, 2010 2:45am Sep 6, 2010 2:45am
Hi SonicR TraderAtHome,

thanks for your explanation above. I did not know about the conventions used here, sorry.
  • #14,407
  • Edited 8:41am Sep 6, 2010 8:23am | Edited 8:41am
UJ

What about this one ?
maybe price won't reach EP zone (WS is closed) and i didn't match a clear L-H-HL sequence but price are closed to a fifteen years support, and there is a bullish divergence on RSI (daily).
Attached Image(s) (click to enlarge)
Click to Enlarge Name: UJ_100906_daily.JPG Size: 156 KB
Click to Enlarge Name: UJ_100906_15minutes.JPG Size: 151 KB
  • #14,408
  • Sep 6, 2010 7:16pm Sep 6, 2010 7:16pm
EU SonicR Long Initiated and Closed:

Yesterday the euro session did indeed execute a pump, the top of which brought on a lot of trading activity. Then down she came! Since yesterday was a US bank holiday, no extreme pump happened in the US session, but the US traders did manage a mild price recovery from which the price again fell.

I have been watching for a break down, but really expected another day like yesterday, and maybe creating a double top on the M15. But this is one of those times the asian traders are leading the pack. When price broke yesterday's lows, I entered with a target at the lower whole number....well within the average range, and thinking from there it might go back into "pump" mode, either by the asian traders or the euro traders.

So, price hit the target and the trade is closed with 62 pips profit. I look now for the price to go back up for the euro traders to enter higher. But we will see what the market decides.
Attached Image (click to enlarge)
Click to Enlarge Name: # 135.gif Size: 32 KB
  • #14,409
  • Sep 7, 2010 4:27am Sep 7, 2010 4:27am
Hello Sonickers !

GU Short : price are ranging after yesterday move down, but 4h shows a interesting pattern

Comments welcome !
Attached Image(s) (click to enlarge)
Click to Enlarge Name: gu short order.gif Size: 45 KB
Click to Enlarge Name: gu short order 4h.gif Size: 40 KB
  • #14,410
  • Edited 7:13am Sep 7, 2010 6:45am | Edited 7:13am
Quoting pipoca
Hello Sonickers !

GU Short : price are ranging after yesterday move down, but 4h shows a interesting pattern

Comments welcome !
Price has moved down a little since your post, but this is an area of support coming up. So even though there is more to go on the average range, this would be a good area for the drop to stop. Maybe the London traders will pause at support and wait to see if the US traders pump it a bit before they too begin selling off.

If we get that pump, the pullback upwards may present another entry short opportunity? But keep in mind that the average range, when complete, will be around the lower whole number. So that may be it for today. And before tomorrow's dump, if it happens, we may see more pulling back upwards for an even higher new SonicR short setup. You never can tell, but one possibility is that now that the momentum seems to have turned towards dollar strength here, all of them....asian traders, euro traders and US traders may engage in some more pumping up tomorrow, while loading up on shortsl Following the US open today will be interesting. Will they attempt to quench the fall and pump it up a bit, or just go with the momentum for the day? ...or go with the momentum to the lower whole number area, and THEN start the pump?

WARNING: Speculation!
Attached Image(s) (click to enlarge)
Click to Enlarge Name: # 138.gif Size: 22 KB
Click to Enlarge Name: # 137.gif Size: 33 KB
Click to Enlarge Name: gu hanging man.gif Size: 40 KB
  • #14,411
  • Edited 9:40am Sep 7, 2010 7:25am | Edited 9:40am
Thx TAH for remarks. I read all your post with interest.

I am in with GU short since 1.5354 and now I tightened SL to 1.5336 for a small profit or a continuation of the trend down.

TP1 1.5304 & 1.5270.

Edit : SL hit for a small profit, I miss TP1 for a pip. Maybe I was too optimistic & greedy

I could take profit at 1.5307 without change my RR by much

Edit 2 : price touched my first target. I think I have trade management problem I think I should move SL to EP asap and let the trade run to TPs or SL

Normally I bring SL to EP, when price approach first target or when I am +20 pips profiting. Then If TP1 is hit, I close 2/3 position and I tight SL to protect half profit for the rest of the position (depends of profit pip made, If profit small i dont move SL If profit good i protect half) and let the trade run with 1/3 position to TP2 or end of day. Then If not closed, I re-do my analysis and decide to keep position overnight or not, etc....

This sound good ?
  • #14,412
  • Edited 9:53am Sep 7, 2010 8:46am | Edited 9:53am
EU Watch:

PA has formed a "W" pattern and may move upwards. The pattern has given us a HL sequence needed for a SonicR long setup.

Edit: Updated chart and added NVO, which shows increased activity at the recent lows.
Edit: Added 2nd chart. This spike down ruined that nice HL seqence (start a new one?), but NVO shows the lows are accompanied by increased trading.
Attached Image(s) (click to enlarge)
Click to Enlarge Name: # 141.gif Size: 24 KB
Click to Enlarge Name: # 142.gif Size: 24 KB
  • #14,413
  • Sep 7, 2010 9:59am Sep 7, 2010 9:59am
Quoting pipoca
Thx TAH for remarks. I read all your post with interest.

I am in with GU short since 1.5354 and now I tightened SL to 1.5336 for a small profit or a continuation of the trend down.

TP1 1.5304 & 1.5270.

Edit : SL hit for a small profit, I miss TP1 for a pip. Maybe I was too optimistic & greedy

I could take profit at 1.5307 without change my RR by much

Edit 2 : price touched my first target. I think I have trade management problem I think I should move SL to EP asap and let the trade run to TPs or SL

Normally I bring...
Yes, and I like that. Thanks for sharing. The two things I like are:
1. You protect profits by closing a good amount when 1st TP is reached. This is good because sometimes PA reverses hard.
2. You leave some running just in case it turns out to be a much better run, but you reset your SL so that which is left running cannot turn into a loss!
  • #14,414
  • Edited 10:26am Sep 7, 2010 10:05am | Edited 10:26am
Quoting traderathome
Price has moved down a little since your post, but this is an area of support coming up. So even though there is more to go on the average range, this would be a good area for the drop to stop. Maybe the London traders will pause at support and wait to see if the US traders pump it a bit before they too begin selling off.

If we get that pump, the pullback upwards may present another entry short opportunity? But keep in mind that the average range, when complete, will be around the lower whole number. So that may be it for today. And before tomorrow's...
" ...or go with the momentum to the lower whole number area, and THEN start the pump?" -

Looks like this is likely.

Edit: Added 2nd chart. Not a bad day for EU. Range 50+% over average. US traders mounted only a modest pump and then pulled the rug. This is probably it for today. What will tomorrow bring....the "pump to dump" drive up? Consolidation ranging? Or, straight off more downside?

Let the market decide.
Attached Image(s) (click to enlarge)
Click to Enlarge Name: # 143.gif Size: 23 KB
Click to Enlarge Name: # 144.gif Size: 27 KB
  • #14,415
  • Sep 8, 2010 12:28am Sep 8, 2010 12:28am
EU SonicR Long Initated:

Very small trade with EP, SL and TPs per attached chart. There is resistance before TP1, and I might close some/all there, depending on how things look at the time should PA get there.
Attached Image (click to enlarge)
Click to Enlarge Name: # 145.gif Size: 23 KB
  • #14,416
  • Sep 8, 2010 12:57am Sep 8, 2010 12:57am
Quoting eurisko
Hey everyone,

I noticed many traders making a particular mistake that I wanted to write a post about. Its a common mistake, but something that I wanted to help correct if possible, I'm guilty of the mistake also at times.

Whenever you trade, you should have a good risk to reward ratio, I usually try to get a 1:2 ratio, so for every one pip you risk you should try to receive two pips. If you have a 40 pip SL then you should have a tp of around 80 pips. Whenever I trade a particular currency, using the sonicr system, I look for something in particular,...

Hi Eurisko,

It would be nice if you can show further charts of when to recognise the U-shape for both Short and Long trades in order to risk 1 and get reward 2.

Cheers,
FB.
  • #14,417
  • Sep 8, 2010 1:08am Sep 8, 2010 1:08am
Quoting foxybunny
Hi Eurisko,

It would be nice if you can show further charts of when to recognise the U-shape for both Short and Long trades in order to risk 1 and get reward 2.

Cheers,
FB.
FB, I think the attached chart shows what he is getting at. The beige rectangle is the "risk" and the top of the "U", or bowl (shown by Orchid lines), is the high reward.

But not every SonicR setup wll be preceded by a recent 100+ pip drop like in this example. Yet they can take off and run just as well. And some SonicR setups preceded with a nice drop as shown, might only go up a small bit before reversing again into a better SonicR short.

The bottom line is, this is just one possible situation. And all the varying situations are each without guarantees as to how they will turn out.
Attached Image (click to enlarge)
Click to Enlarge Name: # 146.gif Size: 26 KB
  • #14,418
  • Sep 8, 2010 2:09am Sep 8, 2010 2:09am
EJ SonicR Long Initated:

EP, SL and TPs per attached chart.
Attached Image (click to enlarge)
Click to Enlarge Name: # 147.gif Size: 27 KB
  • #14,419
  • Sep 8, 2010 2:20am Sep 8, 2010 2:20am
My EU long, entered before seeing TAH's post! A testimony to the clarity of Sonic R.

Waiting to see whether PA has enough energy to push past Daily Pivot/resistance/quarter number level...you seasoned pros may have more confidence.
Attached Image (click to enlarge)
Click to Enlarge Name: eu long 9-8-10.gif Size: 54 KB
  • #14,420
  • Sep 8, 2010 2:41am Sep 8, 2010 2:41am
Quoting cardinale
My EU long, entered before seeing TAH's post! A testimony to the clarity of Sonic R.

Waiting to see whether PA has enough energy to push past Daily Pivot/resistance/quarter number level...you seasoned pros may have more confidence.
Geez! I'm going BLIND looking at all the stuff on that chart! (I think he needs the one on the right.)
Attached Image(s) (click to enlarge)
Click to Enlarge Name: eu%20long%209-8-10.gif Size: 54 KB
Click to Enlarge Name: # 148.gif Size: 33 KB
16 traders viewing now