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Sonic R. System

  • #16,681
  • Jan 12, 2011 10:13am Jan 12, 2011 10:13am
Quoting traderathome
GJ:

I entered early when the PPMs moved the price down, and again at the low boundary of the SonicR EP zone. No SL, and the RgH is the TP for now.
90 pips profit on the average entry of 129.90 of this SonicR long just closed per attached.
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  • #16,682
  • Jan 12, 2011 10:29am Jan 12, 2011 10:29am
I decided to take my pips and I closed both trades.

EJ: +42
EU: +54

Total today: +96.

See you tomorrow.

Best regards.
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"Being picky only cost your time - not MONEY"...Hans
  • #16,683
  • Jan 12, 2011 10:35am Jan 12, 2011 10:35am
Quoting Pmg.g
nando_rich, thx for your recommendations, īcause of yours and TAHs comments on EU I made 50 pips profit today... I didnīt enter @ 1,3007 as you and TAH becouse of volume study and Iīve waited for enter @ point 2 in attached pic.

Congrats for your pips.
"Being picky only cost your time - not MONEY"...Hans
  • #16,684
  • Jan 12, 2011 10:39am Jan 12, 2011 10:39am
Quoting traderathome
EU:

The PPMs (London/US) might torpedo it for better pricing of long acquisitions, but I have entered here.
50 pips profit on this SonicR long just closed.
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  • #16,685
  • Jan 12, 2011 10:54am Jan 12, 2011 10:54am
Quoting traderathome
50 pips profit on this SonicR long just closed.
what your broker platform ? Why so different Volumes
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  • #16,686
  • Jan 12, 2011 11:13am Jan 12, 2011 11:13am
I am back....
  • #16,687
  • Jan 12, 2011 11:43am Jan 12, 2011 11:43am
Quoting Eynshteyn
what your broker platform ? Why so different Volumes
Different brokers, different volume. This is explained in detail in the thread recently. You need to catch up on your reading.
  • #16,688
  • Jan 12, 2011 11:45am Jan 12, 2011 11:45am
Quoting traderathome
No Benny, your vLines are located 1 hour left of where they should be....
Hi TAH,

My broker is MB Trading and when I spoke with them ..I was informed that their server is set based on New York time (EST). I hope this info helps. Thanks for all the great work.

svmtrades
  • #16,689
  • Jan 12, 2011 11:54am Jan 12, 2011 11:54am
Quoting traderathome
Different brokers, different volume. This is explained in detail in the thread recently. You need to catch up on your reading.
I have Forex.com platform, which will advise you to analyze the market. Thank you very much for your response ....
  • #16,690
  • Edited 12:25pm Jan 12, 2011 12:00pm | Edited 12:25pm
Quoting svmtrades
Hi TAH,

My broker is MB Trading and when I spoke with them ..I was informed that their server is set based on New York time (EST). I hope this info helps. Thanks for all the great work.

svmtrades
Does that mean they make the DST/nonDST changeover when the US does, or does it mean their chart time scale is per NY time, or both? If not both, then which is it for each consideration? I ask this because FXDD is on NY time also. But, as it turns out, that is only for DST changeovers. The chart time scale is GMT+3 during the DST time of the year! THEY ARE NOT THE SAME! They make DST changes when the US does, but their chart time is based on a time zone in Europe!

Folks, we need to know:

1. When does the broker execute DST changeovers on their server? When US does? When Europe does? When Australia does? When NewZealand does? Not at all? Or some other arcane time?

2. What time zone is the chart based on during DST time of the year? GMT-5, GMT, GMT+3.....?


You have to be specific about this in order to get the settings correct. When you have the specific correct settings, confirmed by broker, please post:
1. broker name
2. confirmed "DST_Server_GMT_Offset" (that is the number of hours difference between the chart time scale and GMT time during the summer)
3. confirmed "DST_Zone" (1=us, 2=eu, 3=au, 4=nz....this is when the broker executes DST changeovers on their server)

Thank you,
traderathome
  • #16,691
  • Jan 12, 2011 12:37pm Jan 12, 2011 12:37pm
Thanks TAH, will try it out!


Quoting traderathome
Your vLines and labels are ok. Mine are different only because I am working on an upgrade. However, all such changes are done via the SonicR Chart Panel indicator's External Input window. Right click on chart, click on "indicators" and when the list comes up, click on the proper indicator to open the External Inputs window.

Experiment, play with it. Just write down the settings before you change any, so you can restore them.
  • #16,692
  • Edited 2:23pm Jan 12, 2011 1:51pm | Edited 2:23pm
EU:

Today's drive up looks like nothing more than the PPMs resetting prices to the "high ground" in preparations for another round of building their short positions ahead of another hard drive down. Clearly, most of the volume so far this New Year has been selling volume.

Price is now in a PPZ (Pivotal Price Zone) centered near 1.3150, and if this Daily chart were an M15 chart, we'd be saying to ourselves, "Gee, price has pulled back up to/above the SonicR short EP zone....time to go short!".

Anyway, the M15 chart sports a fine Bear Channel (the PPMs shouting, "Come on, bulls! Time to go long before it is too late!").

The 3rd chart depicts one senario to end the run up. If the price rise does not end there, then the next higher whole number and the next higher half number would be next in line targets.
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  • #16,693
  • Jan 12, 2011 2:51pm Jan 12, 2011 2:51pm
GU:

Like EU, it appears the PPMs are doing nothing more than pumping the price while building their short positions in preparations for a grand fall. As they pump the price, traders are encouraged to go long. As traders go long, liquidity is created enabling the PPMs to build their short positions.

The Daily sports a possible Head & Shoulders formation in progress. I would not be at all surprised to see it complete between now and early May. But this is speculation based on existing PA. Things could easily change at any time, and frequently do!
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  • #16,694
  • Jan 12, 2011 3:34pm Jan 12, 2011 3:34pm
Quoting traderathome
50 pips profit on this SonicR long just closed.
Did you sett a mental stoploss under the rgL or d.pivot ? I was watching that L,H,HL,HH forming but then it dipped back down not noticing that channel formed until i saw your post on bull channel for EU.
  • #16,695
  • Jan 12, 2011 5:46pm Jan 12, 2011 5:46pm
i'm done on my EU.
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  • #16,696
  • Jan 12, 2011 6:00pm Jan 12, 2011 6:00pm
Hello All,
First Of All, I wanna thank you Thread Author and All the Member of Sonic Trader For sharing such a wonderfull knowledge about FX trading. Sonic Trader is a great community, not just the knowldge but the philosophy too.

Sharing is Caring.

Thats All for now, i will be using this system and explore it further. Thanks for all you guys hard work.
SonY, Gold Is Every Where Gold, but Human Not Gold..
  • #16,697
  • Jan 12, 2011 6:35pm Jan 12, 2011 6:35pm
Quoting noobguy
Did you sett a mental stoploss under the rgL or d.pivot ? I was watching that L,H,HL,HH forming but then it dipped back down not noticing that channel formed until i saw your post on bull channel for EU.
My SLs, as I have mentioned here time and again, are almost always mental ones. If I believe in a trade, and if I believe the PPMs might do a reverse spike if they too believe in the trade, then what good is a SL going to do me? To set a SL means I have to play a guessing game with the PPMs as to if they are going to do a spike, and if so, how far. That's a waste of time! The only way I can see a SL being of benefit to me is to wait until after BOTH the London and the US PPMs have had time to make reverse spikes, and then set it. But by that time, it would no longer be needed.

Maybe some day I will get the "hang" of using a SL. But for now, I'm wondering if professional traders don't use them for the same reason I don't, at least not ones any where near close to the day's action.
  • #16,698
  • Jan 12, 2011 7:22pm Jan 12, 2011 7:22pm
Quoting traderathome
90 pips profit on the average entry of 129.90 of this SonicR long just closed per attached.
For some reason i keep getting the waves wrong.....i took this same trade but i went short.....check picture below
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  • #16,699
  • Jan 12, 2011 7:26pm Jan 12, 2011 7:26pm
Any advice as to what to look for when looking at the waves?
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  • #16,700
  • Edited 8:39pm Jan 12, 2011 7:57pm | Edited 8:39pm
Quoting row
For some reason i keep getting the waves wrong.....i took this same trade but i went short.....check picture below
Maybe you erred in your analysis of the higher TF charts. Look at the multiple days of consolidation shown on the H1. And as the price moved up another level, the angle of the Dragon and of the Trend even increased.

Looking at the H4, this could have additional upside in it, too. But price is at a Pivotal Price Zone right now, and approaching a trend line, so it could reverse.

A good analysis of the Daily or H4 charts can sometimes yield not only confirmation for a SonicR setup, but point the way also.

Now, what about the M15 chart? Here the PA/V study very clearly shows the above average volumes to be on upswings. When the trading picks up, which direction is the price moving overall? I will repeat, this is an extremely clear example! I wish they were all like this. We really want to see increasing volume on Leg 2 of the WAVE, but sometimes Leg 3 gets so much activity that it obscures what happened in Leg 2, diminutizes it. But either way, a good portion of the time, the PA/V study will help to point the way.

Sometimes it is a matter of seeing the right WAVE. They are not always small. They are not always large. Look at the WAVE in the 4th chart......and the Leg 2 volume!

Finally, remain positive thru failures. If this was easy we'd all get rich quickly. The PPMs wouldn't have to work so hard and so deceivingly for their profits! Becoming a profitable trader is a process, no matter what system or method is used. Ultimate success is most often born of many, many failures.

Regards,
traderathome
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