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Sonic R. System

  • #17,161
  • Jan 31, 2011 3:09am Jan 31, 2011 3:09am
TAH, I see that in your last post does not appear the vol study. Do not you use more?
"Being picky only cost your time - not MONEY"...Hans
  • #17,162
  • Edited 3:24am Jan 31, 2011 3:13am | Edited 3:24am
Quoting nando_rich
You're right, I now see more clearly.

Are you short?

BTW, How did you get the dot line in Fibo_Study indi?


Thanks.
1. No, just watching it.
2. Major revision of Spud_Fibo. Will release as "SonicR Fibo.mq4", probably with next release of upgrades. This is the first version of the "SpudFibo" indicator to place the fibonacci levels properly, according to whether the previous day high preceded the low, or visa versa. The
following fibonacci levels are applied to the upper and lower fibo regions; 23.6, 38.2, 50.0, 61.8, 78.6, 100, 124, 138, 150, 162, 179, 200, 262, 338, and 424. You can now select line styles for the fibo draw. You can select to draw the main fibo ray vertically or diagonally. You can select to not show the three fibo rays at all. And you can select to start the fibo draw yesterday or today. This version allows the display of a much cleaner looking chart.
  • #17,163
  • Jan 31, 2011 3:17am Jan 31, 2011 3:17am
Quoting nando_rich
TAH, I see that in your last post does not appear the vol study. Do not you use more?
I am exercising myself to:
1. Focus on PA by removing all sub-windows.
2. Not trade until the London session gets into full swing.
  • #17,164
  • Edited 3:43am Jan 31, 2011 3:33am | Edited 3:43am
EU:

Twice now PA has butted up against a S&R area, once in the Frankfurt session, and now in the London session. If it fails, then PA may become bearish. No telling what the US traders will do if it goes bearish. They might also drive it back up here. I guess that will partly depend on whether or not the London traders have already driven it down too hard for such a climb back up.

I am already in this short at a lower price, and am waiting to see if we get a SonicR short setup today.
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  • #17,165
  • Jan 31, 2011 3:35am Jan 31, 2011 3:35am
Quoting traderathome
I am exercising myself to:
1. Focus on PA by removing all sub-windows.
2. Not trade until the London session gets into full swing.
Good idea, I think I'll keep at it too.

I've also been thinking about it, even thought of leaving the chart almost as clean like DDaytrader (only dragn, PA, whole numbers and maybe the DPV). The vol is confusing for me.

Sorry, but I can't understand the point 2. Can you show me any example?

Thanks in advance.
"Being picky only cost your time - not MONEY"...Hans
  • #17,166
  • Jan 31, 2011 3:42am Jan 31, 2011 3:42am
Quoting nando_rich
Good idea, I think I'll keep at it too.

I've also been thinking about it, even thought of leaving the chart almost as clean like DDaytrader (only dragn, PA, whole numbers and maybe the DPV). The vol is confusing for me.

Sorry, but I can't understand the point 2. Can you show me any example?

Thanks in advance.
Well, look at the EU chart just posted above. Between the Frankfurt open and now, we see PA swinging up and down and up, in a range. It is still early in the london sessio, and I don't believe the real intended move has yet begun.....this is just posturing for it. Things might not get "into full swing" until closer to the US session. When things do get "into full swing", I am expecting a break down. But that is just speculation.
  • #17,167
  • Jan 31, 2011 3:44am Jan 31, 2011 3:44am
Quoting traderathome
Well, look at the EU chart just posted above. Between the Frankfurt open and now, we see PA swinging up and down and up, in a range. It is still early in the london sessio, and I don't believe the real intended move has yet begun.....this is just posturing for it. Things might not get "into full swing" until closer to the US session. When things do get "into full swing", I am expecting a break down. But that is just speculation.

Ok...thanks...i get you.
"Being picky only cost your time - not MONEY"...Hans
  • #17,168
  • Jan 31, 2011 4:23am Jan 31, 2011 4:23am
UJ:

Now a SonicR long setup.....PA bounce at whole number. RgH aligns nicely with previous consolidation, so a viable TP.
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  • #17,169
  • Jan 31, 2011 4:29am Jan 31, 2011 4:29am
Thank you for your hard work and for sharing it with the rest of us! Could you please describe what the RgH, DR1, and DPV lines are?

Thanks again, nn
  • #17,170
  • Jan 31, 2011 4:36am Jan 31, 2011 4:36am
Quoting numb nuts
Thank you for your hard work and for sharing it with the rest of us! Could you please describe what the RgH, DR1, and DPV lines are?

Thanks again, nn
RgH: Daily Range hight
DR1: daily pivot R1
DPV: daily central pivot
"Being picky only cost your time - not MONEY"...Hans
  • #17,171
  • Jan 31, 2011 4:48am Jan 31, 2011 4:48am
Have you traded this system with success?

Quoting nando_rich
RgH: Daily Range hight
DR1: daily pivot R1
DPV: daily central pivot
  • #17,172
  • Jan 31, 2011 4:49am Jan 31, 2011 4:49am
Quoting numb nuts
Thank you for your hard work and for sharing it with the rest of us! Could you please describe what the RgH, DR1, and DPV lines are?

Thanks again, nn
I don't know where you see DR1, the red, magenta and blue lines are:
1. RgH (red) = projected high for session based on average range.
2. DPV (magenta) = the Daily Pivot, or central/main pivot for the day. This is the same number appearing in pivot indys, and it is the same for pivots based on either Daily or Fibonacci formulas.
3. RgL (blue) = projected low for session based on average range.

All this is thoroughly explained in the user notes in the compiles of the indicators, which I strongly recommend every user read...(there, I said it again! How many times is that now?)

The DPV line is an addition to the next release of the SonicR Chart Panel. Currently, to display it, you need to use the SonicR TzPivots indicator. You can set it up to just display the DPV, if that is all you want.

tah
  • #17,173
  • Jan 31, 2011 5:01am Jan 31, 2011 5:01am
I've had to readjust my sl and I know this is not good MM, but I still think this trade could work out. Good Luck

Quoting traderathome
EU:

Twice now PA has butted up against a S&R area, once in the Frankfurt session, and now in the London session. If it fails, then PA may become bearish. No telling what the US traders will do if it goes bearish. They might also drive it back up here. I guess that will partly depend on whether or not the London traders have already driven it down too hard for such a climb back up.

I am already in this short at a lower price, and am waiting to see if we get a SonicR short setup today.
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  • #17,174
  • Jan 31, 2011 5:04am Jan 31, 2011 5:04am
Quoting numb nuts
Have you traded this system with success?
I've traded the sonicr system only two months ago. It's early for I say "success"...

But the 2 months i'm in positive with +30% in average.

Just learning.
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"Being picky only cost your time - not MONEY"...Hans
  • #17,175
  • Edited 7:04am Jan 31, 2011 5:07am | Edited 7:04am
Banked +50 pips , SL BE!

+80 out! (now i'm short ey)
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  • #17,176
  • Jan 31, 2011 5:12am Jan 31, 2011 5:12am
EU Short
I took this early and unnecessary FE.
Might be a good wave if it happens.
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  • #17,177
  • Jan 31, 2011 5:14am Jan 31, 2011 5:14am
Quoting numb nuts
I've had to readjust my sl and I know this is not good MM, but I still think this trade could work out. Good Luck
I feel certain the price will resume dropping. It is just a question of when the next drop starts and how far it manages to slip.

The last three weeks of PA has been a hard starting drive up, followed by PA that amounts to a Bear Flag. All this has given big money lots of time and opportunities to close longs and build large short positions. So far today, PA amounts to a reasonable pullback on the drop on Friday...traders coaxing the price to better shorting ground.

On top of all this, PA is in a PPZ (Pivotal Price Zone)....testing it from the bottom side after Friday's drop.
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  • #17,178
  • Jan 31, 2011 5:21am Jan 31, 2011 5:21am
Quoting nando_rich
GU sell stop pending.

We'll see.
Stopped out -69pips.

Waiting for the next. It's trading.
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"Being picky only cost your time - not MONEY"...Hans
  • #17,179
  • Jan 31, 2011 5:27am Jan 31, 2011 5:27am
AU:

Look for a possible short setup. I am already short on this pair at a price in the tentative EP area shown (entry posted last week).
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  • #17,180
  • Edited 8:30am Jan 31, 2011 7:31am | Edited 8:30am
DanPa! It is so great to have you back! Now the folks can witness some REAL ACTION! Go, DanPa!

As for me, I entered UJ long at 82.10 on this US open pullback,,,,,probably will turn out to be the slow boat to china.
Edit: Added 2nd pic to show what will likely be the true WAVE and EP, and volume notations. Added targets. It is clear that the asian session low was buying. And that makes it more likely that every subsequent run down in price is also a dive to buy.
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