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Sonic R. System

  • #15,461
  • Dec 2, 2010 2:23am Dec 2, 2010 2:23am
Quoting nando_rich
TAH, I installed the new template ... I vol. indicator seems to be different from yours ... Your "Average" period is lower than mine and gives a different reading of the volume ...

Is it to be a different broker? Or is it a configuration problem? What is your broker?

Thanks in advance.
Yes, it is due to the volume data coming from a different broker/server. Volume data from the network of forex servers is not shared, and therefore is not a market wide representation of the number of trades each time frame. What you and I get is only the number of trades per TF as processed thru our own broker/server. And remember too, that it is the number of trades. The size of the trades is not disclosed.....sad, but true! It is just another way the Central Banks and brokers place retail traders at a disadvantage. In this day and age of computers, there is no excuse for such incomplete data, so it just points to the core truth, ....those banks and brokers want us to fail. They want our money! They want to dazzle us with hundreds, if not thousands, of useless indicators and what-not crap! But really usefull information, like how much CURRENCY is being bought/sold at each tic....lots of luck! These guys are, at their core, the same breed as the "Thieves of Wall Street".
  • #15,462
  • Dec 2, 2010 2:35am Dec 2, 2010 2:35am
EJ And EU:

Made non-SonicR short entries based on volume at the highs, which is also a resistance area.
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  • #15,463
  • Dec 2, 2010 2:37am Dec 2, 2010 2:37am
I'm short on GU....

We will see.
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"Being picky only cost your time - not MONEY"...Hans
  • #15,464
  • Dec 2, 2010 2:54am Dec 2, 2010 2:54am
Quoting traderathome
100 pips profit on this SonicR short trade, per attached. Because I believed in the ultimate direction/trade, I took advantage when the price was driven down. I am sure the PPMs did too!
Hi Thanks for the system, looking forward to a test drive, ah yes and Many Happy returns !

Im probably going to get slated for this...... but on the AUSUSD example why did you enter long at the close of the 0530 GMT bar at 0.9587

Thanks in Advance

ab1
  • #15,465
  • Dec 2, 2010 3:06am Dec 2, 2010 3:06am
EU:

PA has presented EP area (just below last low of 1.3112). I have placed a Sell Stop order at 1.3108 to add a SonicR short entry to my previous entry.
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  • #15,466
  • Edited 4:43am Dec 2, 2010 3:15am | Edited 4:43am
EU FE entry just before TAH post
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  • #15,467
  • Edited 3:58am Dec 2, 2010 3:38am | Edited 3:58am
EU:

Added to non-SonicR short 1.3148 at 1.3168 for average of 1.3158. Still keeping Sell Stop at 1.3108 for now. TP set per chart.
Edit: Updated chart. Added again at 1.3188, so new avg EP is 1.3168. Cancelled the Sell Stop. Placed final Sell Limit at 1.3208.

Warning: This is not a SonicR trade!
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  • #15,468
  • Dec 2, 2010 3:43am Dec 2, 2010 3:43am
Quoting traderathome
EU:

Added to non-SonicR short 1.3148 at 1.3168 for average of 1.3158. Still keeping Sell Stop at 1.3108 for now. TP set per chart.

Hi

Theres about 15,500 posts on this thread, Im reading it, but it could take a long time, do you have a manual for the new templates and version please that would condense the rules for trading... I feel once I have the basis to the system, then everything else is going to make a lot more sense.


Many Thanks


ab1
  • #15,469
  • Dec 2, 2010 3:44am Dec 2, 2010 3:44am
Quoting nando_rich
I'm short on GU....

We will see.
Stopped out...-54pips
"Being picky only cost your time - not MONEY"...Hans
  • #15,470
  • Dec 2, 2010 4:10am Dec 2, 2010 4:10am
Quoting ab1
Hi

Theres about 15,500 posts on this thread, Im reading it, but it could take a long time, do you have a manual for the new templates and version please that would condense the rules for trading... I feel once I have the basis to the system, then everything else is going to make a lot more sense.


Many Thanks


ab1
Regarding the just released templates/indys, you need to read the overiew in the compile of each indicator, because that is where I put my user instructions!

Regarding a quick run down of the SonicR method, you should start reading the thread, and by the time you have read the first 20 or so posts by Sonicdeejay you will have it. Also, a very brief one here:

http://www.forexfactory.com/showpost...ostcount=15303

There is no subsitute to reading the pdfs Sonic posted contained in his original files and the thread itself, as it contains examples of trades (good and bad) which really is the learning process.

Welcome to SonicR!
-TAH
  • #15,471
  • Dec 2, 2010 4:20am Dec 2, 2010 4:20am
Comment On Market:

EJ, EU and GU have been pumped back up to just a bit higher than yesterday's highs. There has been no astounding news, or such. So likely it is just the PPMs doin' thar pumpin' agin'. Which most likely, since these are all in longer TF down trends, just price manipulation upwards to:

1) encourage others to take their longs of their hands (the drives up might excite traders to go long).

2) and the PPMs close their longs and go short, since the excited long buying traders are providing liquidity for the PPMs shorting!

....all for the purpose of building short positions for a larger move down that comes later. GU is a good one to view the volume study. Both the drive up yesterday and today have more than twice average volume! And with all that volume, the price really hasn't gone anywhere! What does THAT tell you?

WARNING: Speculation!
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  • #15,472
  • Dec 2, 2010 4:29am Dec 2, 2010 4:29am
Quoting traderathome
Comment On Market:

EJ, EU and GU have been pumped back up to just a bit higher than yesterday's highs. There has been no astounding news, or such. So likely it is just the PPMs doin' thar pumpin' agin'. Which most likely, since these are all in longer TF down trends, just price manipulation upwards to:

1) encourage others to take their longs of their hands (the drives up might excite traders to go long).

2) and the PPMs close their longs and go short, since the excited long buying traders are providing liquidity for the PPMs shorting!...
i agree...

I am thinking that the GU can go short yet...

I got in again...we'll see.

Regards.
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"Being picky only cost your time - not MONEY"...Hans
  • #15,473
  • Dec 2, 2010 4:32am Dec 2, 2010 4:32am
Happy birthday TRADERATHOME

I wish you the best forex transaction and continue to successfully analyze the forex market.


http://www.youtube.com/watch?v=2bQG8v8kTGs
  • #15,474
  • Dec 2, 2010 4:39am Dec 2, 2010 4:39am
EU:

PA has now been pumped to the FR 127% expansion level area. The Sell Limit at 1.3208 executed, so now my average EP is 1.3178, and my TP is 172 pips below. Again: This is NOT a SonicR trade!
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  • #15,475
  • Dec 2, 2010 4:43am Dec 2, 2010 4:43am
PA hit TP1 i closed all. I have no intention to wait 1.3250 1.3280 area.
EJ is running SL @ BE now.
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  • #15,476
  • Edited 5:39am Dec 2, 2010 4:53am | Edited 5:39am
waiting for long on UJ

edit: triggered, SL and TPs per attached chart (2nd)
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Patience is the key.
  • #15,477
  • Dec 2, 2010 4:55am Dec 2, 2010 4:55am
Quoting dksolo
PA hit TP1 i closed all. I have no intention to wait 1.3250 1.3280 area.
EJ is running SL @ BE now.
Folks, Dksolo gets the award for the best SonicR trader today! His was a perfect trade. The setup was long and he took it. I have included a chart to help illustrate that beautiful SonicR long setup and the text book results!

Contratulations, Dksolo!
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  • #15,478
  • Edited 5:34am Dec 2, 2010 5:06am | Edited 5:34am
Quoting nando_rich
i agree...

I am thinking that the GU can go short yet...

I got in again...we'll see.

Regards.
I am with you on this one now. This is in a range, so the least it might fall is back to the bottom area.
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  • #15,479
  • Dec 2, 2010 5:23am Dec 2, 2010 5:23am
Quoting foxybunny
Excellent post, Basber.

There is another valid situation, Break Even to consider.
You can consider it as a profit ...

Regards,
Basber
Trading methods are designed to put the odds in our favor, not predicting.
  • #15,480
  • Dec 2, 2010 5:26am Dec 2, 2010 5:26am
Quoting traderathome
Today, December 1st, is my birthday. This is my present to all Sonikers!
LOL ! Happy birthdayyyy TAH : Sorry for the late reply ... You know the funny thing ?! your birthday is 2 days after mine Mine is 29 Nov !

Afterall, we should give you a present, not you

Regards,
Basber
Trading methods are designed to put the odds in our favor, not predicting.
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