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Sonic R. System

  • #15,261
  • Nov 24, 2010 4:46pm Nov 24, 2010 4:46pm
Quoting traderathome
EU:

Because there is a medium impact EUR release in less than 15 minutes, and because the US session has already poured volume into an upside move which they brought back down on less volume (reset?) we might possbily get an upside move sometime following the release. Tomorrow is a US bank holiday for Thanksgiving, so if there is going to be any more strategies implemented this week by US PPMs, the later part of the US session today would be the time for it. Thursday and Friday will likely be flat.

Let's see what happens.
From the chart, there is a big time consolidation going on, prior to the next move.
After big sell down two days ago, it is very normal to bounce back up a lil.
I will love to see sonic dragon for a short, rather.

Sonic
Anyway, trade what u see..
  • #15,262
  • Nov 24, 2010 6:00pm Nov 24, 2010 6:00pm
Quoting MrMcScott
Hi, my name is Scott. I am new to this forum. I have been using the wave (dragon) for about a year now. I look forward to working with fellow users.

Just wanted to introduce myself. I typically trade the London/US market. I am locate in Southern California.

Scott
Welcome Scott..

Sonic
  • #15,263
  • Nov 24, 2010 8:27pm Nov 24, 2010 8:27pm
Quoting sonicdeejay
Welcome Scott..

Sonic
Hi Sonicdeejay:

it's nice to see you here. I have been reading this thread for weeks, enjoy TAH's analysis. Excellent works for everyone contribute here.

on your previous posts you memtioned you trade Hong Kong HSI index as well. I am wondering , when applying Sonic R to HSI, what is best time frame , and trading hours. It's appreciated that if you could share your analysis procedures, and stop/profit taking strategy.

Thanks in advance.

Simon
seeing through
  • #15,264
  • Nov 24, 2010 8:59pm Nov 24, 2010 8:59pm
Quoting MrMcScott
Hi, my name is Scott. I am new to this forum. I have been using the wave (dragon) for about a year now. I look forward to working with fellow users.

Just wanted to introduce myself. I typically trade the London/US market. I am locate in Southern California.

Scott
Good to have you here scott.

Welcome and enjoy ...

Regards,
Basber
Trading methods are designed to put the odds in our favor, not predicting.
  • #15,265
  • Nov 24, 2010 10:28pm Nov 24, 2010 10:28pm
EJ Long Initiated:

With a few hours yet before prime time, PA has made a teeny little WAVE, but it might be enough. Not looking for much today since it is a US bank holiday. So I'd guess most of the moves will be from the asian/euro market. And this is a very small trade.
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  • #15,266
  • Nov 25, 2010 3:24am Nov 25, 2010 3:24am
Quoting traderathome
EJ Long Initiated:

With a few hours yet before prime time, PA has made a teeny little WAVE, but it might be enough. Not looking for much today since it is a US bank holiday. So I'd guess most of the moves will be from the asian/euro market. And this is a very small trade.
This bar may help you on your way. Looks bullish. The only thing I don't like about longing this pair, is it's powerful downside move. I prefer to stand aside good luck on yours TAH

Regards,
Basber
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Trading methods are designed to put the odds in our favor, not predicting.
  • #15,267
  • Nov 25, 2010 3:36am Nov 25, 2010 3:36am
bad day for entry into the market, both for me
  • #15,268
  • Nov 25, 2010 3:47am Nov 25, 2010 3:47am
Quoting pipphunter
[color=black][font=Verdana]Hi Sonicdeejay:

it's nice to see you here. I have been reading this thread for weeks, enjoy TAH's analysis. Excellent works for everyone contribute here.

[color=black][font=Verdana]on your previous posts you memtioned you trade Hong Kong HSI index as well. I am wondering , when applying Sonic R to HSI, what is best time frame , and trading hours. It's appreciated that if you could share your analysis procedures, and stop/profit taking...
I'm also interested.
Which platform can see HSI or HK stock charts?

Thanks.
  • #15,269
  • Nov 25, 2010 3:48am Nov 25, 2010 3:48am
PA hit TP1. 1.3300 looks strong. Lets see what happens next.
Attached Image (click to enlarge)
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  • #15,270
  • Nov 25, 2010 7:38am Nov 25, 2010 7:38am
Quoting traderathome
EJ Long Initiated:

With a few hours yet before prime time, PA has made a teeny little WAVE, but it might be enough. Not looking for much today since it is a US bank holiday. So I'd guess most of the moves will be from the asian/euro market. And this is a very small trade.
EJ Long Trade Closed:

Going nowhere. Took 4 pips profit and left the table for now.
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  • #15,271
  • Nov 25, 2010 7:58am Nov 25, 2010 7:58am
EU Long Trade Update:

This was initated Wednesday, when I expected more out of it and failed to exit during the modest run it gave....my bad! Now I am suffering the long wait for this to revive or die. HA! Did I say the end of this week would be choppy or flat? Well, this Thanksgiving Thursday, the "flats" have it! But, I think I will keep the trade running for now. It is the only trade I have running.
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  • #15,272
  • Nov 25, 2010 8:24am Nov 25, 2010 8:24am
Quoting MrMcScott
Hi, my name is Scott. I am new to this forum. I have been using the wave (dragon) for about a year now. I look forward to working with fellow users.

Just wanted to introduce myself. I typically trade the London/US market. I am locate in Southern California.

Scott
Hi, Scott. I see Sonic and Basber have already welcomed you; we are glad to have you with us.

I noticed you refer to the Dragon as the WAVE. SonicR presents a fine point of difference from Raghee's concept of the wave as being the 34 ema trade band. SonicR uses the Dragon as a point of reference, or trigger, for making entry. But the WAVE as we refer to it, is the PA configuration itself. So while indeed the Dragon is wavy, we look for WAVES in the price action about the Dragon. And our priority is to look for them during the prime trading hours; the London tradng session which includes the first half of the US session.

Best wishes for your success with us and SonicR!

-TAH
  • #15,273
  • Nov 25, 2010 8:51am Nov 25, 2010 8:51am
EU Long Trade Closed:

This too, seems to be going nowhere. And prime hours are running low. You'd think if the London traders were going to make a move, they'd have done it by now. No, there is no catalyst today. Not even the the fact that there are fewer traders around and so it would be less costly to move the price, has prompted any move. Which could mean the PPMs need more traders active (liquidity) so that positions can be completed before the next move. Well anyway, I closed it for 6 pips profit.
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  • #15,274
  • Nov 25, 2010 9:16am Nov 25, 2010 9:16am
It seems like a very good setup for me, the only disadvantage is US holiday ... that's why I've put up a large SL.

Supporting reasons besides SonicR setup itself :
1) Trend line on daily
2) 61.8% fibo
3) Support area pointed in the second chart.
4) multi divergence on M15

Let's see what will happen next

Regards,
Basber
Attached Image(s) (click to enlarge)
Click to Enlarge Name: eu.gif Size: 27 KB
Click to Enlarge Name: eu2.gif Size: 18 KB
Trading methods are designed to put the odds in our favor, not predicting.
  • #15,275
  • Edited 9:26am Nov 25, 2010 9:25am | Edited 9:26am
Quoting traderathome
EU Long Trade Closed:

This too, seems to be going nowhere. And prime hours are running low. You'd think if the London traders were going to make a move, they'd have done it by now. No, there is no catalyst today. Not even the the fact that there are fewer traders around and so it would be less costly to move the price, has prompted any move. Which could mean the PPMs need more traders active (liquidity) so that positions can be completed before the next move. Well anyway, I closed it for 6 pips profit.

How do you calculate target or exit piont?

Edit: I understand you exit with 6 pips profit, but your initial tp was 1.3504, I'd like to learn how to do that.
Thanks.
  • #15,276
  • Edited 9:57am Nov 25, 2010 9:34am | Edited 9:57am
Quoting Basber
It seems like a very good setup for me, the only disadvantage is US holiday ... that's why I've put up a large SL.

Supporting reasons besides SonicR setup itself :
1) Trend line on daily
2) 61.8% fibo
3) Support area pointed in the second chart.
4) multi divergence on M15

Let's see what will happen next

Regards,
Basber
Basber, yes, and thank you. I notice the H4 macd looks good for a long move. And, of course you were right. There it goes on the M15! Had I held my EJ and EU trades and waited for the London session to run its' course, I'd have gained about another 70 pips! (arrrg! Oh well, at least they were marginally profitable and not losses.)

BTW, note the new SonicR Volume indy. Now the computed average volume is shown in a line across a normal volume study. That study is more clear with only three color catagories: below average, to twice average, and more than twice average. And the indicator window ShortName now shows not just the period, but also the current bar computed average and real time volume. What do you think?
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  • #15,277
  • Edited 10:45am Nov 25, 2010 10:23am | Edited 10:45am
Quoting kevinchan
How do you calculate target or exit piont?

Edit: I understand you exit with 6 pips profit, but your initial tp was 1.3504, I'd like to learn how to do that.
Thanks.
In the case of that EU trade, I set TP to be just above the whole number 1.3500, which looked reasonable at the time based on average range, and the fact that PA tends to move between whole numbers over time. However, activity fell off considerably due to US holiday, and it no longer was a reasonable goal.

In the attached chart two S&R level areas are marked with orange lines. Both are reasonable targets. In the background, the blue dotted lines are whole numbers. So, as you can therefore see, setting a TP at either whole number would normally help to assure a hit. But the last part of this week isn't "normal".
Attached Image (click to enlarge)
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  • #15,278
  • Nov 25, 2010 10:46am Nov 25, 2010 10:46am
Quoting traderathome
In the case of that EU trade, I set TP to be just above the whole number 1.3500, which looked reasonable at the time based on average range, and the fact that PA tends to move between whole numbers over time. However, activity fell off considerably due to US holiday, and it no longer was a reasonable goal.

In the attached chart two S&R level areas are marked with orange lines. Both are reasonable targets. In the background, the blue dotted lines are whole numbers. So, as you can therefore see, setting a TP at either whole number would normally...

Cool. Thanks a lot!
  • #15,279
  • Nov 25, 2010 11:03am Nov 25, 2010 11:03am
I couldn't find SonicR MACD indy, can someone please post it.

Thanks.
  • #15,280
  • Nov 25, 2010 5:19pm Nov 25, 2010 5:19pm
Quoting kevinchan
I couldn't find SonicR MACD indy, can someone please post it.

Thanks.
It's just MACD

Regards,
Basber
Attached File(s)
File Type: mq4 MACD.mq4   3 KB | 402 downloads
Trading methods are designed to put the odds in our favor, not predicting.
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