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Sonic R. System

  • #16,301
  • Dec 30, 2010 4:18pm Dec 30, 2010 4:18pm
i believe he means in the code......

how /?

in case u need to know...right click on the indicator and and choose modify..

Quoting fahren
I considered a S&R indicator the Levels x8 indicator and period indi the Market Panel Display Controller. Need to understand how they work.
It says in this thread http://www.forexfactory.com/showpost.php?p=3731912&postcount=12483 that I should check the user notes in the compile for more information. I don't really understand how to do that.

Thank you
  • #16,302
  • Dec 30, 2010 11:01pm Dec 30, 2010 11:01pm
Hi everybody,

I am getting FFCal Error: Webpage download is not complete.

Do I need some settings to download the calender headlines?

Thanks in advance.
  • #16,303
  • Dec 31, 2010 12:42am Dec 31, 2010 12:42am
Quoting mags01
My first post, so please be gentle.

I am puzzled by your comment about the PPMs. Using this case (GBPJPY) as an example, I failed to see how a PPM would profit from this maneuver. Even though there were a series of orders causing the price to go up, it quickly returned to around 125.75. It means the effect was totally negated in 1 hour. Wouldn't this mean that the PPM have lost a large number of pips thus money?

Thanks.
You can see the H4 Bull Channel.....the bulls tempting the flock to keep buying shorts so the bulls can keep buying longs. Eventually PA will "majically" reverse, though there will probably be no sound economical reasons for it, just like there have been no sound economical reasons for the persistent steady drop over the holidays. It is all PPM manipulation for profits.

So on the M15 yesterday, first the price was torpedoed and the trading increased the lower it went....a sign shorts were being closed and new longs were being opened. The the price was spiked up on sudden, very high volume....a sign of continued buying at such a level the PPMs could not hold the price down. Then, over the rest of the day, more slowly in cycles and on dropping volume, the price was worked back down. Why? Because the PPMs want lower prices to buy at.

So, how did the PPMs profit by the down...up....down manipulations? They profited by achieving lower prices to close their own short term shorts at. The profited by starting a buy surge at the same lower prices. They profited by immediately closing their new short term longs at the higher prices and reopening short term shorts. They profited by getting the price back down to close their short term shorts and start the next round of buying.

Overall, the emphasis now seems to be on the buying side, since the highest intensity volume was at the low and the surge off the low.
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  • #16,304
  • Dec 31, 2010 12:55am Dec 31, 2010 12:55am
Quoting fahren
I considered a S&R indicator the Levels x8 indicator and period indi the Market Panel Display Controller. Need to understand how they work.
It says in this thread http://www.forexfactory.com/showpost.php?p=3731912&postcount=12483 that I should check the user notes in the compile for more information. I don't really understand how to do that.

Thank you
Once the indicators are installed into MT4 you can access the compile. In the main MT4 window there is a yellow diamond icon with "i" in it. Click on it to open the MetaEditor, where you will find a list on the right that includes "indicators", where you will find the indicators you want to "open" in order to see the user notes at the top of indicator code (the compile). Double click on any such indicator in the list and it the code for it will appear in the MetaEditor window. You can scroll down the code to view. You will find user notes, etc. near the top.

The last release includes "Levels" as a function within the mult-function SonicR Chart Panel, which also includes other functions such as the daily range hi/lo target lines RgH and RgL, and the vertical lines marking when certain markets open during the forex day (for proper placement of these vLines, you must properly input a couple of things relating to your broker server GMT offset and the DST zone the server is based upon).

An example of how to use the "Levels" is just be aware of PA in relation to whole and half numbers, since these areas tend to be targets, and since consolidation for runs tends to occur just below for runs up and just above for runs down....etc. There is no mandatory, set in concrete way these helpful items are to be used. So, if you don't want to use them, just "turn them off".

Regards,
-TAH
  • #16,305
  • Edited 1:35am Dec 31, 2010 1:00am | Edited 1:35am
Quoting traderathome
You can see the H4 Bull Channel.....
Thanks, TAH. The concept of PPMs is foreign to me and I appreciate your comments.

Fingers crossed that they come back and push the price up soon. It's a long way down from your original long entry.
  • #16,306
  • Dec 31, 2010 1:15am Dec 31, 2010 1:15am
Quoting pres78
Would this qualify as a possible EURUSD short set-up? High, Low below dragon, retrace making a lower high... Entry upon break of Low at 3250. Target 1 at 3179 and target 2 at 3121.
During the holidays, PA can more easily be manipulated by the PPMs, since there are fewer traders active to take advantage of their moves and make them more expensive for the PPMs to pull off.

In this case, PA was later driven up "suddenly", which is the mark of the PPMs quickly driving the price before others can grab at some of that exposed liquidity at the higher prices, getting short orders filled that the PPMs want for themselves. And the sudden drive causes liquidation of shorts with SLs that are hit before traders can cancel them, which increases the liquidity for the PPMs to get their own short orders filled.

EU has been in a down trend recently, see the Daily chart. And this most recent spike up has broken the channel upper TL. This could very well be a grab to close longs and acquire shorts at the manufactured highs. This sort of "sudden volatility" is the earmark of holiday trading when the PPMs decide to get involved. And if they don't get involved, PA is usually just dead.

Your pic could not show the EP, TP(s) and SL because a short setup never completed.....for the reasons above.

Regards,
-TAH
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  • #16,307
  • Dec 31, 2010 1:18am Dec 31, 2010 1:18am
Quoting 786 trading
Hi everybody,

I am getting FFCal Error: Webpage download is not complete.

Do I need some settings to download the calender headlines?

Thanks in advance.
If you are using the "SonicR FFCal Headlines" indicator, it is ok. The problem is either with your broker feed, or Forex Factory might have their calender file temporarily off line for some reason. Mine is working fine.

Regards,
-TAH
  • #16,308
  • Dec 31, 2010 1:31am Dec 31, 2010 1:31am
Quoting traderathome
GU:

Made an early entry long, on the basis of support at the half number area yesterday, higher lows today, the WAVE with building volume on the second leg, and the breakout area being the whole number/DPV area. It is not unusual for consolidation below a whole number to yield nice runs.
90 pips profit on this SonicR long trade, per attached. After entry I added a bit higher, increasing my average slightly. I missed closing on the first move up, and added when it went back down.
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  • #16,309
  • Dec 31, 2010 3:26am Dec 31, 2010 3:26am
Quoting traderathome
90 pips profit on this SonicR long trade, per attached. After entry I added a bit higher, increasing my average slightly. I missed closing on the first move up, and added when it went back down.
Take it a rest already..
Happy New Year...

I have a long from 1.542x..

Sonic
  • #16,310
  • Dec 31, 2010 4:07am Dec 31, 2010 4:07am
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I wanted to get in at the EP I drawed there but since It was a CT and the price was not under the 89 ema I decided to chill out and wait.

For the moment It looks like a good decision but I'm wondering if you would of done the same and eventually if for the same reasons like I did.
  • #16,311
  • Dec 31, 2010 6:40am Dec 31, 2010 6:40am
Quoting traderathome
During the holidays, PA can more easily be manipulated by the PPMs, since there are fewer traders active to take advantage of their moves and make them more expensive for the PPMs to pull off.

In this case, PA was later driven up "suddenly", which is the mark of the PPMs quickly driving the price before others can grab at some of that exposed liquidity at the higher prices, getting short orders filled that the PPMs want for themselves. And the sudden drive causes liquidation of shorts with SLs that are hit before traders can cancel them, which...
Yes I see that move up has broken though some trend lines. It will be interesting to see what price does in the 3450-3500 zone as this has been both support and resistance in the past.
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Today's zone = Tomorrow's opportunity!
  • #16,312
  • Dec 31, 2010 6:41am Dec 31, 2010 6:41am
Quoting sonicdeejay
Take it a rest already..
Happy New Year...

I have a long from 1.542x..

Sonic
Happy New Year, my Masters and Friends,

Wish all of you have a nice holidays beside your family and friends.

New Year - New Victory!

Regards,

TraderViet
  • #16,313
  • Dec 31, 2010 8:11am Dec 31, 2010 8:11am
Yes I am using SonicR FFCal Headlines. I think I got the reason. My antivirus was blocking it. Once I disabled my antivirus, the error message gone and I got headlines.
Thanks.

Quoting traderathome
If you are using the "SonicR FFCal Headlines" indicator, it is ok. The problem is either with your broker feed, or Forex Factory might have their calender file temporarily off line for some reason. Mine is working fine.

Regards,
-TAH
  • #16,314
  • Edited 10:47am Dec 31, 2010 10:28am | Edited 10:47am
Quoting mphpopular
+ve div x2 @ h4

Long @ m15 TF

Close half @ TP 1 ;
SL @ breakeven ;
Let's see TP 2 and any opportunity to add position
Previous left over position hit breakeven.

Long again as per attached image.
Hit target without fail

Happy new year guys ~~~
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  • #16,315
  • Dec 31, 2010 12:25pm Dec 31, 2010 12:25pm
Quoting sonicdeejay
I have a long from 1.542x..

Sonic
8 hrs later..
http://img816.imageshack.us/img816/9...48smileguy.gif


Sonic
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  • #16,316
  • Jan 1, 2011 1:34am Jan 1, 2011 1:34am
GU, as attached.
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  • #16,317
  • Jan 1, 2011 3:49pm Jan 1, 2011 3:49pm
How about this one:

Don't seek highs to short at.....
Attached Image
  • #16,318
  • Edited 8:25pm Jan 1, 2011 5:26pm | Edited 8:25pm
Here is a PM I received regarding PA and S&R. I have chosen to answer it here on the thread, while respecting the privacy of the individual, because many might have the same questions and interest.

"I haven't finished to read the entire thread but I'm absorbed by it. I would like to read more things about Price Action and anything else that you think it might help me with this system. I want to LEARN and I don't want to act like a robot with the system. Maybe some stuff about the S&R . Anything you think it might be useful . Thank you."

Here is my response:
Since the Sonic R System is all about PA (price action) and S&R (support and resistance), getting better at "reading" PA and "seeing" S&R is the goal every SonicR trader should have.

The purpose of the concept of the WAVE (higher lows, higher highs for entering long, and lower highs, lower lows for entering short) is to quide us in evaluating if PA is suitable yet for trading. The purpose of the concept of the Dragon is to quide us in evaluating PA for an entry.

The purpose of the concept of S&R is to help evaluate the quality of a SonicR setup, as well as to help evaluate best price areas to exit the trade. If a SonicR setup involves PA bouncing from a strong S&R area (bouncing up from one for a setup long, bouncing down from one for a setup short) the chances are for a run instead of a head fake. And since future PA has a better chance than not, of heeding past S&R levels, these are good choices from which to select possible exit targets.

I am not giong to direct anyone to any special reading on PA or S&R. Anyone can "Google" these and certainly find material to read. Instead, I would like to suggest two things to all those trading the Sonic R Sytem.
1. Read the Sonic R System thread. Don't just read it, but study the pictures of trades and write down key points that you encounter. Some of these will go by the wayside. But some will appear again and again as valid. It is part of the learning process. There should be no better place than the Sonic R System thread to learn how to use PA and S&R in trading this method. So here is my second suggestion.....
2. When posting a trade, please do your best to demonstrade the WAVE, EP, TP(s), SL (if used) and any S&R and other PA considerations you feel are noteworthy. Why? I ask this because it is the best way we can all help to morph this thread into the best reading source for the Sonic R System.

Thank you, and Happy New Year to all.

Regards,
-TAH
  • #16,319
  • Edited 7:05pm Jan 1, 2011 6:35pm | Edited 7:05pm
EJ:

Off and on for some time, I have posted the Weekly chart of the Inverted Cup & Handle formation, which portended a target around 88.00 using the lower of two possible Handles. I now believe the first/upper Handle is the valid one, and that the formation has now reached its target by completing the 1,600 pip run down from that first Handle.

On the Daily chart attached, we now have an inverted Head and Shoulders formation that likely will take over. In the volume study, note that even during the Christmas Holiday week the volume peaked on those days when PA made the lows. I believe this is the "hand writing on the wall", and that PA might (albeit begrudgingly) seek to reclaim 1,600 pips.
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  • #16,320
  • Jan 2, 2011 5:30am Jan 2, 2011 5:30am
Quoting pres78
Would this qualify as a possible EURUSD short set-up? High, Low below dragon, retrace making a lower high... Entry upon break of Low at 3250. Target 1 at 3179 and target 2 at 3121.
plz, low below dragon : the candle of Low must close below dragon? or if it just give shadow below dragon that's enough?
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