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Sonic R. System

  • #16,421
  • Jan 4, 2011 11:20am Jan 4, 2011 11:20am
Quoting dksolo
GU Short
I have a pending order.
Congrats Nando
Its bad to see you sad.
Thanks dksolo.
"Being picky only cost your time - not MONEY"...Hans
  • #16,422
  • Jan 4, 2011 11:23am Jan 4, 2011 11:23am
Quoting dksolo
GU Short
I have a pending order.
Congrats Nando
Its bad to see you sad.
so early for short)
  • #16,423
  • Edited 6:34pm Jan 4, 2011 6:01pm | Edited 6:34pm
EU:

The attached chart uses HA candles to help clarify waves and SR. The Daily chart shows a more recent SR area that PA has three times been rejected from after first falling down thru it. Currently, PA is oscillating abouta major PPZ (price pivotal zone) centered on the 2nd lower blue band. Throughout this oscillation, including the rejections at SR, the candles consistently have longer upper shadows and they do lower shadows. This is a bearish sign.

The red and blue dotted lines depict price ranges, 400+ pips each. With multiple rejections at the top of the current range, the longer shadows at the top of candles than at the bottom, and the fact that price is at a significant PPZ, it is no wonder we suddenly see huge volume on a day that price is spiked upwards.

It is about 900 pips to the bottom of the next range down! And that might be where the PPMs intend for it to go. So, first they spike up the price, loading up on shorts as they go! A confriming sign will be when PA breaks the orange trend line, about 200 pips down from the current price.

Comparing EU to GU, EU looks to be the better candidate for the most potential pips profit short trading. See the following post on GU.

WARNING: Speculation!
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  • #16,424
  • Edited 6:38pm Jan 4, 2011 6:25pm | Edited 6:38pm
GU:

Here also, the Daily chart uses HA candles to clarify waves and SR.

Yesterday the price was spiked back up towards SR at the top of the current price range. This followed the price moving up from a major PPZ (Pivotal Price Zone) over a number of days.

The premise is that the multiple days move up was to encourage traders to go long, while the PPMs took the short side of those trades. And in a final frenzy of greed, yesterday the PPMs spiked the price back to the highs while loading up on shorts. Why? They plan for the price to break down out of the current range, and if that happens it is over 400 pips to the bottom of the next range, and over 700 pips to the bottom of the range after that one. So as with EU, GU could be scheduled for some near term downside, which will be confirmed when PA breaks the orange trend line.

But, it is interesting to note that the FXDD volume for the EU spike yesterday is 65755, while the volume for GU is only 52066. Clearly EU has the greater potential for pips gained if the price drops. And the trade cost/spread is half that of GU. Apparently the PPMs recognized that fact.

WARNING: Speculation!
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  • #16,425
  • Jan 4, 2011 6:57pm Jan 4, 2011 6:57pm
Quoting bennyFX
Valid Setup in UJ?

Think so.

Entry maybe little to far from Dragon?!
Hi Benny,

I don't mean to pick on you, but please excuse me as I use your post as an example of a post that, with a little added to it, could be of some value to current readers as well as new readers months from now, that are trying to learn the Sonic R System.

You asked if there is a valid setup. Long? Short? Based on what EP (none is depicted)? Based on what TP(s) (none depicted)? In other words, you drew a WAVE and left it at that, which is useless!

I have attached an annotated chart as an example of how charts posted should appear.

Folks, please make the effort to satisfactorily annote your charts when posting, so current and future pupils will have an example that enhances the learning experience of reading this Sonic R System thread.

Don't you wish that all the posts you read while learning, contained charts annotated similarly?

Thank You,
-TAH
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  • #16,426
  • Jan 4, 2011 7:34pm Jan 4, 2011 7:34pm
Quoting traderathome
GU:

Here also, the Daily chart uses HA candles to clarify waves and SR.

Yesterday the price was spiked back up towards SR at the top of the current price range. This followed the price moving up from a major PPZ (Pivotal Price Zone) over a number of days.

The premise is that the multiple days move up was to encourage traders to go long, while the PPMs took the short side of those trades. And in a final frenzy of greed, yesterday the PPMs spiked the price back to the highs while loading up on shorts. Why? They plan for the price to break down...
Thanks for sharing this TAH.
  • #16,427
  • Jan 4, 2011 7:49pm Jan 4, 2011 7:49pm
Quoting andrew1974
Thanks TAH,
your answer is very useful. On point 3, you're right, i was waiting for PA to get down recent low, but can you explain in more details what do you mean when you said the price had already exhausted its range for the day? Maybe PA was just over its range? what do you use to measure the range? ATR?
Thanks
Andrew, yes, I was referring to the fact that by the time PA reached your EP area, the day was darn near over as far as the average range for the day was concerned.

In the SonicR Chart Panel you can see not only the average range, but the actual amount of that range which PA has currently traveled. If you want to know more about how the range is measured, read the user notes in the compile of the indicator. (There, I said it again!)

-TAH
  • #16,428
  • Jan 4, 2011 7:51pm Jan 4, 2011 7:51pm
Quoting cigarguy
TAH,

What Zig Zag Indie do you use or how do you set it to show only 3 legs?

Regards,
Cigarguy
I don't use any Zig Zag indicator. I look for a good WAVE, and if I want it "drawn", I draw it by hand.

-TAH
  • #16,429
  • Jan 4, 2011 7:56pm Jan 4, 2011 7:56pm
Quoting bennyFX
Of course AU is trending down.
Maybe you can explain which role the dragon lines are playing?
As far as my understanding, the crossing of the 3 lines to north direction would indicate a long trade.
What role does the Dragon play?

Folks, the instructions for the Sonic R System are so very few, but important. Surely, they cannot be that hard to remember!

http://www.forexfactory.com/showpost...ostcount=16322

-TAH
  • #16,430
  • Jan 4, 2011 9:03pm Jan 4, 2011 9:03pm
70 pips on this Pump and Dump. Will likely go for a lot more over days to come. But I decided to take profit here and await another pump, or a SonicR short setup.
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  • #16,431
  • Jan 4, 2011 10:45pm Jan 4, 2011 10:45pm
Quoting traderathome
EU:

Entered this SonicR short setup. If the PPMs snap the price up later, I'll add to the short. SL is mental, and TP is tentative because this could drop a lot over two days or more.
100 pips profit on this SonicR trade. Shortly after entry, the PPMs decided it was to go down. So, they pumped it up first. I added to my short trade as they did so. This could stll have good downside in upcoming days, but I decided to take profit and await another pump, or another SonicR short setup.
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  • #16,432
  • Jan 4, 2011 11:05pm Jan 4, 2011 11:05pm
I am not able to draw the lines for the waves so i did the next best by labeling key points just want to see if i got this one right. I am currently short on this one
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  • #16,433
  • Jan 4, 2011 11:11pm Jan 4, 2011 11:11pm
Quoting traderathome
100 pips profit on this SonicR trade. Shortly after entry, the PPMs decided it was to go down. So, they pumped it up first. I added to my short trade as they did so. This could stll have good downside in upcoming days, but I decided to take profit and await another pump, or another SonicR short setup.
TAH I was in this same trade last night but got stop out
  • #16,434
  • Jan 4, 2011 11:26pm Jan 4, 2011 11:26pm
Quoting row
I am not able to draw the lines for the waves so i did the next best by labeling key points just want to see if i got this one right. I am currently short on this one
To draw non-horizontal lines, double left click on the oblique line draw icon "/", move cursor to start point and depress/hold down left click, move cursor to end point, release left click hold. Now you have a line.

If the line extends to screen edge, it is a "ray" line. To fix this, and so future lines will not be "ray" lines, double left click on the line to show start, middle and end points. Now right click on the line with the dots to bring up a selection box that includes "Trendline properties". Double left click on "Trendline properties". In the "Parameters" tab, uncheck the "Ray" box! Now the line, and subsequent lines you draw, will not be ray lines.

Row, I am sure you are keeping up with reading current posts. So you know that I am trying to encourage everyone to post charts (Sonic's rule: No pics, no post!), but charts that are meaningfull/instructional to new and old readers alike......now and in the future......charts that show the WAVE, EP, TP(s), SL (if used) as well as comments on relative SR, etc. I'd appreciate your support, and the support of all Sonicers in this matter. Thank you. I have shown you how to do oblique lines. You can add text by similarly clicking on the "A" icon.

Regards,
-tah
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  • #16,435
  • Jan 4, 2011 11:40pm Jan 4, 2011 11:40pm
Quoting traderathome
To draw non-horizontal lines, double left click on the oblique line draw icon "/", move cursor to start point and depress/hold down left click, move cursor to end point, release left click hold. Now you have a line.

If the line extends to screen edge, it is a "ray" line. To fix this, and so future lines will not be "ray" lines, double left click on the line to show start, middle and end points. Now right click on the line with the dots to bring up a selection box that includes "Trendline properties". Double left click on "Trendline properties"....
Thanks TAH greatly appreciated
  • #16,436
  • Jan 4, 2011 11:41pm Jan 4, 2011 11:41pm
Quoting traderathome
To draw non-horizontal lines, double left click on the oblique line draw icon "/", move cursor to start point and depress/hold down left click, move cursor to end point, release left click hold. Now you have a line.----------------------- You can add text by similarly clicking on the "A" icon.
While I am not the person to whom your post is intended, I am grateful for the detailed information and description, and I am sure that they are very helpful for newbies.
  • #16,437
  • Jan 4, 2011 11:51pm Jan 4, 2011 11:51pm
I am currently in this one for a short.
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  • #16,438
  • Jan 4, 2011 11:58pm Jan 4, 2011 11:58pm
I have a question regarding pa/the dragon and ep.

Here is the first edit from post #8938 on page 596.

Edit: All the above was written before examining charts as of the end of the week's session. The second chart is what I show as how things ended the week. Notice that the pull up took the price up to/into/and thru the Dragon. Good so far as what is needed to reset Ep short higher: now the previous low to beat becomes around 1.4298 (or the whole number 1.4300 area) and not "B", which is way down at 1.4261. Since a new high was struck, FE draw is adjusted per current chart status (note: new week first session could result in price inching even higher before a run back down). As it is, if price were to now proceed down, Ep would be around 1.4295, Tp1 at 100 (1.4249) and tp2 at 162 (1.4189). This results in about 100 pips total gain to Tp2. The 262 level is around 250 below current high and ATR is only around 150, so it is too far away as things stand right now.

Is the adjusted EP around 1.4295 because it was the last lowest candle below the dragon before price re-entered and potentially not more than 20 pips away from the dragon when price breaks thru again? Is this correct understanding?
  • #16,439
  • Jan 5, 2011 12:00am Jan 5, 2011 12:00am
http://cdn.forexfactory.com/attachme...3&d=1261337795
  • #16,440
  • Jan 5, 2011 12:05am Jan 5, 2011 12:05am
But, it is interesting to note that the FXDD volume for the EU spike yesterday is 65755, while the volume for GU is only 52066. Clearly EU has the greater potential for pips gained if the price drops. And the trade cost/spread is half that of GU. Apparently the PPMs recognized that fact.
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