Attachments: Sonic R. System

Sonic R. System

#20,001
Edited 8:16pm May 4, 2011 5:26pm | Edited 8:16pm

sonicdeejay
| Commercial User | Joined Mar 2008 | 9,069 Posts

Quoting sonicdeejay

Disliked

ISM news not so good...
Move my SL up near 1.487xx...

http://www.forexfactory.com/attachme...5&d=1304517833

Sonic

Ignored

Sonikers..

Take a look at two white boxes..
I might not be as bullish as before after see that..

Sonic

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#20,002
May 4, 2011 5:39pm May 4, 2011 5:39pm

sonicdeejay
| Commercial User | Joined Mar 2008 | 9,069 Posts

Quoting HankT

Disliked

Nice trade, can you tell me pls what are those MA's green,blue,orange on your chart and those arrows?

Thx

Ignored

Hang on a minute.. Fellas..
Am I seeing Center of Gravity (COG) Indi?

If yes, do not use that Indi. It repaints and you will always be fx beginner class..

Sonic

#20,003
May 4, 2011 7:06pm May 4, 2011 7:06pm

enigma4x
| Joined Jan 2011 | Status: Just a trader of trades ... (5 | 1,439 Posts

Quoting enigma4x

Disliked

one chart ...

Attachment

enigma4x

Ignored

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enigma4x

enjoy my life ... and ride the waves - all what I do

#20,004
May 4, 2011 7:20pm May 4, 2011 7:20pm

HankT
| Joined Apr 2011 | Status: Trader | 152 Posts

Quoting sonicdeejay

Disliked

Hang on a minute.. Fellas..
Am I seeing Center of Gravity (COG) Indi?

If yes, do not use that Indi. It repaints and you will always be fx beginner class..

Sonic

Ignored

It isnt COG, its regression channel indi, I found it here http://www.35pip.com/metatrader-indi...hannel-v2-mq4/
But I cant find any good settings for it.

#20,005
Edited 10:34pm May 4, 2011 8:12pm | Edited 10:34pm

sonicdeejay
| Commercial User | Joined Mar 2008 | 9,069 Posts

Quoting HankT

Disliked

It isnt COG, its regression channel indi, I found it here http://www.35pip.com/metatrader-indi...hannel-v2-mq4/
But I cant find any good settings for it.

Ignored

I strongly think it repaint.. (do snapshot of ur chart time to time, to see that Indi repaint)

Simplicity is the ultimate Sophistication...

I will not approve/recommend to use it in sonikers..
See what happen to THV thread,..lost track in the maze of Indi world..

I find sonic dragon is already messy/good enough..
Sonic

#20,006
Edited May 5, 2011 12:12am May 4, 2011 9:51pm | Edited May 5, 2011 12:12am

traderathome
Joined Mar 2008 | Status: PVSRA with Traderathome | 23,552 Posts

Quoting HankT

Disliked

Hi,

TAH can you pls explain me this SonicR vol indi, Im really confused, the reason is:

1.Turquoise colour represents up to twice the average volume
2.MediumPurple colour represents more than twice the average volume

OK so why the vol on turq bars is higher than on purple bars when I hover mouse over them and check vol through the day?

Thx btw I read your notes.

Ignored

Because the average changes thru the day. Look at the attached chart. Yes, you will see that in places the turquoise bars are higher than the purple bars. And you will see wherever that happens the average volume line is higher also.

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#20,007
May 4, 2011 10:00pm May 4, 2011 10:00pm

traderathome
Joined Mar 2008 | Status: PVSRA with Traderathome | 23,552 Posts

HankT*********

NOTICE!

Please do not post extra wide charts. It messes up the whole page of posts for most SonicR users!
If you can go back and edit/remove the chart in your post at the top of this page, it will be much appreciated, please!

Thank you.

Regards,
-tah

#20,008
May 4, 2011 11:53pm May 4, 2011 11:53pm

p.e.t.r.a.s
| Joined Apr 2011 | Status: Trader | 20 Posts

Hi TaH, do you still have opened sell eg?
Petr

#20,009
May 5, 2011 12:13am May 5, 2011 12:13am

Rbt
| Commercial User | Joined Jul 2010 | 71 Posts

Hi all !

how about this?

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#20,010
May 5, 2011 12:31am May 5, 2011 12:31am

traderathome
Joined Mar 2008 | Status: PVSRA with Traderathome | 23,552 Posts

UCad:

Right now, price is just below mid-distance between support below and resistance up. A move up to the first resistance line is 50+ pips. This might be the move it makes later today. Two extra resistance levels are also shown, both a bit above the RgH target today. Attached is the H4 to show how these levels were selected.

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#20,011
May 5, 2011 12:41am May 5, 2011 12:41am

kimis
| Joined Mar 2011 | Status: Trader | 447 Posts

Quoting nando_rich

Disliked

I don't know i haven't got on my chart

Ignored

I got it on 3 brokers, lowest one was even 1,47885 on Sunbird. Fxpro/fxopen didn't reached 1,4805

#20,012
May 5, 2011 12:47am May 5, 2011 12:47am

traderathome
Joined Mar 2008 | Status: PVSRA with Traderathome | 23,552 Posts

EJ:

Yesterday this was hammered down fast after a prolonged upward move ideal for building short positions. Today price could go either way. It will be interesting to keep an eye on it. Today, like yesterday, is a Bank Holiday in Japan.

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#20,013
Edited 1:29am May 5, 2011 1:04am | Edited 1:29am

traderathome
Joined Mar 2008 | Status: PVSRA with Traderathome | 23,552 Posts

In SonicR math, a primary formula says.....

Your mastery level of the Sonic R System will be inversely proportional to the quantity of indicators used.

The Sonic R System is elegantly simple, and that is why it works so well for all that master its simplicity. Its essence is understanding price action WAVEs around support & resistance, with the Dragon as the only technical and used only to determine entry; not to predict! Even trade exits are based on support & resistance. Anything else the user brings in to find exits must/should be compared to historic S&R, and must/should be considered only as additional confirmation as to which historic S&R levels to consider for exits.

People that come to the Sonic R System thread usually bring along their own baggage of favorite indicators, all worthless in SonicR. And the more indicators they use, the lower their mastery of SonicR will be!

Folks, please listen to Sonicdeejay. We have the Dragon. It is mesy, and it is enough. In other words, it does the job just fine, and it is too bad that we use even that indicator.

Some come to SonicR and in short time recognize the value of the simplicity of SonicR, and drop all their baggage. They start focusing on PA WAVEs around S&R during the prime trading hours. They are the fast learners. But all can succeed with SonicR, in time. The longer it takes to free oneself from the myriad of indicators, the longer it will be before true SonicR success comes. Indicators are worse than useless, because they defocus the trader from the study of price WAVE action and S&R. And it is time spent in this study that advances the trader in the Sonic R System!

Traders that hang onto their indicator baggage will, as Sonicdeejay said, "....always be fx beginner class....."

The chart below suffices for SonicR. Essentially it is the Dragon and a scale on the right. The scale contains Levels (whole, half and quarter numbers), Daily formula broker pivots, and RgH/RgL targets for the day, based on average range. The scale is used to mark natural S&R levels that might be "in play" (example: whole numbers) and to help confirm which historic S&R levels to use for exits. The Chart Panel simply contains key market data on the pair. The Clock Panel lets you know the right time to trade. And FFCAL Headlines gives you a heads up on possibly price moving releases/ extreme volatility events. It is simple. It is adequate.

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