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Sonic R. System

  • #16,641
  • Jan 11, 2011 11:32am Jan 11, 2011 11:32am
Quoting traderathome
GU:

103 pips profit on this SonicR long trade just closed per attached.
Hello Tah
Could you explain me this entry point ? It is inside dragon. I`m just wondering how you can define this early point.
It was GJ
And GPB/USD EP- 1.5547 also (because of support ? )

Regards,
M
  • #16,642
  • Jan 11, 2011 11:37am Jan 11, 2011 11:37am
Quoting nando_rich
The price is first consolidated in the whole number and the PA goes up to half number which also consolidates. Then i was expecting that the price at least go to the next whole number.

All this supported by the previous study of volume.

Greetings.

Thank you very much for your explanation. I was hoping you could expand on that last part a little further. In the SonicR manual, he says it is better an safer if there is a volume charge in the indicator, but I don't completely understand how you speculated that the price would go up all the way to the next whole number based on the previous volume. Would you mind elaborating on this a little further? Your time/expertise is appreciated.
  • #16,643
  • Edited 12:27pm Jan 11, 2011 12:15pm | Edited 12:27pm
Quoting Micheel
Hello Tah
Could you explain me this entry point ? It is inside dragon. I`m just wondering how you can define this early point.
It was GJ
And GPB/USD EP- 1.5547 also (because of support ? )

Regards,
M
I should have included the pic from the originating post. I've deleted these conclusion posts and reposted them below to do so, and to include the link to the originating posts. These trades were from the previous day. Hope this helps.
  • #16,644
  • Jan 11, 2011 12:19pm Jan 11, 2011 12:19pm
Quoting traderathome
GU:

The proper WAVE, proper time and proper PA/V. Notice that the WAVE is at the half number, and that PA has bounced at the Trend line.
GU:

86 pips profit on this SonicR long trade just closed per attached. I expect more upside, but have chosen to take profits here and look for possibly a pullback.
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  • #16,645
  • Jan 11, 2011 12:23pm Jan 11, 2011 12:23pm
Quoting traderathome
GJ:

Here is another that is setting up nicely. We have a good WAVE. The PA/V study shows increasing activity on leg #2 and on into leg #3 of the WAVE. The Dragon is up and PA is above the Trend line. This setup is at a whole number, and Friday was a relatively "flat" day. We are getting closer to best hours.
GJ:

103 pips profit on this SonicR long trade just closed per attached.
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  • #16,646
  • Jan 11, 2011 12:50pm Jan 11, 2011 12:50pm
EU:

We have a medium impact release in less than 15 minutes. It is late in the day, but PA has been drifting down for two hours. PA might get a pop with the release. Just a thought. The last big increase in volume was as the price dropped, so this is bullish biased right now. And PA is at a half number, which is a good place to start a run.
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  • #16,647
  • Jan 11, 2011 12:52pm Jan 11, 2011 12:52pm
Hi Nando,
just a question. Did you place your SL on RGL Line on GU?
It isn't so large?
I'm yet long on EU. Is it correct for you to place stop at RGL line?
I placed SL some pips below the Dragon. What do you think about?
Thanks

Quoting nando_rich
Hi:

I closed the two trades in the line of resistance. Both charts show a pattern of reversal candles against it.

EJ: +70
EU: +45
GU: +45

Total: +160pips. Done today.

Regards.
  • #16,648
  • Jan 11, 2011 4:17pm Jan 11, 2011 4:17pm
Quoting andrew1974
Hi Nando,
just a question. Did you place your SL on RGL Line on GU?
It isn't so large?
I'm yet long on EU. Is it correct for you to place stop at RGL line?
I placed SL some pips below the Dragon. What do you think about?
Thanks
My sl was below a whole number and Support zone. I don't like the SL very tight, I prefer ajust my lot size for my money management plan and to leave the trade breathing.

Regards.
"Being picky only cost your time - not MONEY"...Hans
  • #16,649
  • Jan 11, 2011 4:31pm Jan 11, 2011 4:31pm
Quoting traderathome
Try to igone ragged WAVES, or ignore the extreme hi/lo of them. Anyway, it was before best hours, when things can suddenly change.
TAH, do you think it's best just to trade the Sonic setups that starts and ends within the recommended schedule? I do not know if I explained well.

Regards.
"Being picky only cost your time - not MONEY"...Hans
  • #16,650
  • Jan 11, 2011 5:46pm Jan 11, 2011 5:46pm
Quoting traderathome
EU:

Since this is the primary pair for SonicR trading, I thought this might be of interest to members.

The Daily chart is sporting a Head and Shoulders formation. More importantly, the heavy New Years volume drove prices down thru the neckline of the formation. This could very well have been a concentrated sell-off (building of short positions) ahead of a substantial drop in the price.

Technically, the drop would be in the neighborhood of 1,600 pips. Of course, there will be lots of moves in both directions should the price make this journey...
If down to 0.618,eurusd can support?
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  • #16,651
  • Jan 11, 2011 7:45pm Jan 11, 2011 7:45pm
Quoting lirongguang
If down to 0.618,eurusd can support?
Yes, but PA can find "support" almost anywhere, meaning a pause in the drop, not a reversal. The FR 62% level might turn out to be a "pause and consolidate" area before more downside.

I posted on this just FYI, not as "gospel". PA could reverse at the 62% level for a while. I drew another line (blue) which also points to substantial downside. But drawing such lines AND putting too much faith in them is also a Fool's Plan.

There is reason here to SUSPECT this might be scheduled for a nice move down. So, don't be SURPRISED if it happens. Don't be surprised if it does not happen, either.
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  • #16,652
  • Jan 11, 2011 8:03pm Jan 11, 2011 8:03pm
Quoting nando_rich
TAH, do you think it's best just to trade the Sonic setups that starts and ends within the recommended schedule? I do not know if I explained well.

Regards.
That is a very good question, nando_rich. It is a fundamental question, and Sonicdeejay has early on answered it.

My understanding of Sonic's early postings is that he recommends letting a trade run until PA moves back into the Dragon and out the other side, and then look for the best exit price (because after that pullback thru the Dragon there should be another, even if tiny, move in the trade direction). Along with this, is the consideration of Money Management....not giving up profits, which might happen if one waits thru a pullback to see if it goes out the other side of the Dragon.

As you can see, neither consideration says anything about EXITING a trade during the same span of prime hours in which it was initiated. So, a trader can exit whenever they feel it is best to exit, regardless of whether the exit is within the same "best hours" the trade started, or not.

Many SonicR trades run 40-70 pips. I would not be surprised if an accurate average turned out to be 50+ pips. But some go much further. An exit decision might be decided upon based on the "style" of the trader. Some might be willing to hang in for the "long haul" to see what happens, even though risking the pullback senario, such as kevinchan's whopping 270 pip trade! Others might prefer to "take their money and run" once the initial run seems to stall. Still others might take that last approach, yet bail out once the run starts to exceed 70 pips. It is a decision each trader must make on their own.

But nowhere is there instruction to exit a trade in the same span of approved hours that the trade was initiated.

Hope This Helps,
tah
  • #16,653
  • Jan 12, 2011 12:47am Jan 12, 2011 12:47am
GJ:

Look at the incredible volume for the New Year's first week (Weekly chart), more than twice the average weekly volume for the previous 5 months! This volume pushed the price off the lows. Therefore, this is bullish biased.

Today (M15), PA is in a range. I would not be at all surprised if the PPMs drop price to the range bottom, or lower, before a breakout to the upside. If this happens, then the bottom could be the start of a new WAVE for a SonicR long.

If it does not happen, we still have a WAVE (black lines) for a long setup.
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  • #16,654
  • Jan 12, 2011 1:24am Jan 12, 2011 1:24am
Quoting traderathome
That is a very good question, nando_rich. It is a fundamental question, and Sonicdeejay has early on answered it.

My understanding of Sonic's early postings is that he recommends letting a trade run until PA moves back into the Dragon and out the other side, and then look for the best exit price (because after that pullback thru the Dragon there should be another, even if tiny, move in the trade direction). Along with this, is the consideration of Money Management....not giving up profits, which might happen if one waits thru a pullback to see...
Hi:

Thanks for your answers tah, but I have not explained well. I agree with you on this post.

But either I'm wondering is if in your opinion, the setups for an entry must be developed within the hours allowed. If the 3 legs of the wave must be developed within the hours allowed for a valid entry.

Thanks.
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"Being picky only cost your time - not MONEY"...Hans
  • #16,655
  • Jan 12, 2011 1:34am Jan 12, 2011 1:34am
Quoting nando_rich
Hi:

Thanks for your answers tah, but I have not explained well. I agree with you on this post.

But either I'm wondering is if in your opinion, the setups for an entry must be developed within the hours allowed. If the 3 legs of the wave must be developed within the hours allowed for a valid entry.

Thanks.
Certainly a well defined WAVE totally within the hours is ok. Is it best? Who knows until after the fact! And I do not think we can exclude a WAVE of a larger perspective as being "ok" also, just because it begins before the hours. We have seen WAVES of both kinds turn out good runs and not so good runs.

We want a well defined WAVE of smooth, not irradic, PA movement, be it large, small, inside the hours or not. To get any more particular than that would be to eliminate some setups that yield good runs. In my opinion it is the smoothness and definition of the WAVE that is most important, not whether or not it starts within the hours.
  • #16,656
  • Jan 12, 2011 2:01am Jan 12, 2011 2:01am
EU:

The PPMs (London/US) might torpedo it for better pricing of long acquisitions, but I have entered here.
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  • #16,657
  • Jan 12, 2011 2:04am Jan 12, 2011 2:04am
I took this trade. The only thing I like is that there was no volume in the second leg. The volume increase in the run ups is saying short.

We'll see.
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"Being picky only cost your time - not MONEY"...Hans
  • #16,658
  • Jan 12, 2011 2:28am Jan 12, 2011 2:28am
Quoting nando_rich
I took this trade. The only thing I like is that there was no volume in the second leg. The volume increase in the run ups is saying short.

We'll see.
hi, please where did you place your SL and TP? @ RgL and RgH ?
Thx
Lose small, WIN BIG..
  • #16,659
  • Edited 2:51am Jan 12, 2011 2:40am | Edited 2:51am
Quoting Pmg.g
hi, please where did you place your SL and TP? @ RgL and RgH ?
Thx
I placed my SL above a whole number in convergence with support zone and my TP below a whole number in convergence with resistance zone like TAH show us. if the TP is in of Daily Range it's better, it increses the probability. I can trail up my SL +50 pips is the PA reach the half number.

http://www.forexfactory.com/showpost...ostcount=16596
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"Being picky only cost your time - not MONEY"...Hans
  • #16,660
  • Edited 4:41am Jan 12, 2011 2:45am | Edited 4:41am
Here is another request I received by PM.

"Hi TAH, i've been a silent lurker and been just trying to read as much as the post before asking questions, but as of 12-1-2010 your newly designed sonic improvement...i'm a little lost on what to sett my dst for...i live in Kansas and i'm not sure what to put, can you help me out please?
I'm currently hovering around the #16474 post area.
Thank you. Oh yea broker is alpari us."

I am replying here because others might have the same question. Here is my repy:

Hi,

Read here - http://www.forexfactory.com/showpost...ostcount=16548

Read the user notes in the compile of both indicators that use the "GMT" and "DST" settings. 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.

And having read this information you will understand the importance of getting these inputs correct, and you will have been advised SEVERAL TIMES to contact your broker. Ask your broker what GMT offset is their server based on during the DST time of the year (summer). And get the date, time and hour of their twice yearly DST changeover. If it is the same as for the US then use the number for the "us" DST Zone input. If not, ask the broker if it is the same time that europe makes their DST changeover, and if so, use the number for the "eu" DST Zone input. If neither, google for Australia and New Zealand DST changeover times to see which it matches, or ask your broker if they make their DST changeover on their server the same time as either Australia or New Zealand does. If so, then use the appropriate number for the "n" or "z" DST Zone input. YOU MUST CONFIRM BOTH THE DST GMT OFFSET, AND THE DST ZONE WITH YOUR BROKER!

And once you have the proper settings for the Chart Panel and TzPivots indys confirmed by your broker, please repost your broker name and the correct settings to use with them, so we can compile a list to better help others in the future. I am just now starting a list, so an input from everybody would help considerably.

Regards,
traderathome
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