Sonic R. System

All the basic information can be found on the first page and the links therein (a brief summary by TAH can be found here: http://www.forexfactory.com/showpost...ostcount=17146). The rest is up to you.

hi sonicers,

I want to ask something about the white template. When I apply it, it gives me some errors which called "FFCAL error-Web page download was not complete" How can I overcome it?

Hi mates,

I have some more questions. In order to understand the system better, I was analyzing the past. I found a graph that can explain much to me about the system. I would be grateful if you answer my questions.

In the first square, I am asking why we shouldn't have taken long position. We see a low and a high and a higher low.

In the second square, I am asking the same thing. Why shouldn't we have taken short position. We see a high and a low and a lower high.

In the third square, we should have taken long position, it is obvious. However should we take the position when we see the point A or should we wait until the point B comes which is a higher low, I guess.

Again, thanks for the answers.

As far as I remember..I took trades in the box u mentioned,,,
flip back few pages in the thread to see how I entered..

Sonic

hi master,

I had looked at the previous pages before I asked my question. I still couldn't understand. I could find only your post that you were saying you wouldn't be bullish because of the some signal in the SonicR Volume indicator.

I even couldn't find in this thread how to use and analyze SonicR Volume Indicator. Please don't think that I don't spend much time on this thread. I do, however I can't find what I need.

I would be really grateful if you answer my questions. If there are my answers in the past posts, please tell me which posts they are.

Thanks.

TAH was so kind and corrected the error in SonicR FFCal Headlines.mq4 and it works seamlessly so far. Check this post: http://www.forexfactory.com/showpost...ostcount=17931

200 pips for a week and not contented??

C'mon ..you have done well... while 99% of ordinary traders loss $$
Sonic

520 pips for the last two day trades..



Bull Milk Pips..Bear Milk Pips..Only Pig get Slaughtered..

Sonic

Regarding the SonicR Volume indicator, see the attached pic with a short explanation for the color codes.

A short and simple practical guide from TAH can be found on this page (see #18797):
http://www.forexfactory.com/showthre...4792&page=1254

For an in depth discussion of the price and volume interrelationship check the VSA thread along with a comprehensive guide in PDF (Master the Market):
http://www.forexfactory.com/showthread.php?t=157629

Just a note: though the volume means activity in general, the volume you see in the spot forex market is limited to the volume of order-flow generated by the accounts (and account sizes) your broker has (worst case: you have an account at a "dealing desk MM broker", non dealing desk STP/ECN brokers are much reliable). So it is not the whole market at all and can be manipulated as well but still can be informative to some extent (for more reliable volume one has to trade futures).

Hope this helps.

You are awesome! Thanks!

Nice Contribution... Thx

Sonic

Well done bro

Hello May

Any thought for next week anyone like to talk about?

I have been doing a weekly review on EU for few months now..
It indicates my W1 Bias for a particular week... Fore my new week review, I will post tomorrow..

Sonic

I agree he should be contented, but I wouldn't have counted his take at 200 pips. He's recording the total from TP1 and TP2. To my way of thinking, this is a split position. If one makes 50 pips from TP1 and then 100 pips from TP2, I would count the overall take as 75 pips, not 150. Just a quibble.

Sunbrella, I thank you for stepping up to the plate and answereing some questions posted. Not only do I thank you, but I want you to know that you are very much appreciated for contributing to the thread by doing so!

Thank you, Sunbrella.

Regards,
-tah

Nice observation, petras. It is very easy to see on H4, also. If indeed it completes as a H&S formation, the price will be in the1.6200 area, perhaps slightly below.

Volume Analysis:

Almost with each new person, we get a request for details on how to use a volume indicator effectively with the Sonic R System. There are just a few things a volume indicator can be relied upon to tell us that is meaningful, in that the results have a high degree of consistency. But first a word about what forex volume is.

Forex volume is not real volume as in the stock market. If it was, we would know:
1. the volume for the entire forex market, not just thru our broker.
2. the volume of currency traded, not just the number of trades executed.

However, as artificial as forex volume is, it can provide some worthwhile information. Since it is the only "technical" NOT related to price, it can give us information we don't already have via the price itself.

There are three things to look for in volume:
1. a series of rising volume bars jumping above some average volume.
2. an above average bar for a candle that starts a drop from a high, or that starts a rise from a low.
3. an above average bar that comes after a series of bars in a drop, or after a series of bars in a rise.

A Series Of Rising Volume Bars Jumping Above Some Average Volume:
We have noticed time and again for the better SonicR setups that there is rising volume on Leg #2 of the WAVE. This is the leg moving in the opposite direction of the eventual breakout. And the rising volume here indicates position building ahead of the breakout.

Above Average Volume Starting A Drop Or A Rise
In conjunction with the catagory of volume above, we sometimes see the first or second bar of WAVE Leg#3 is of very high volume. This is the final leg that might yield a breakout, and high volume here can be confriming of a valid SonicR setup.

Above Average Volume After A Series Of Bars in a Drop Or Rise
This is what Sonicdeejay has termed "stopping volume". It can signal the end of the run for the time being.


In conclusion, while forex volume is quite a misnoumer, it can yield a few signals appropriate to trading the Sonic R System; volume building in the opposite direction of a potential move, high volume starting a move, and high volume after some bars during the move. The results of such bars have a high degree of reliability in terms of what follows, but as with everything in trading, nothing is 100% guaranteed. So, the rule here is don't look for volume to tell you too much, and don't let it lead you astray. Price action (PA) is King, not volume.

The attached chart shows an example of catagories #1 and #3, rising and stopping volumes. Actually, you can find stopping volume twice, though not marked. There was a nice run up, but smaller than the following run down. And during the run up, volume was building as though traders were taking advantage of the rising price to prepare for the run down. The run down was terminated with stopping volume, then moved up, and then down again, where it was stopped with stopping volume a second time. After that, the price returned to the highs.

I hope this answers the frequently repeated question on how to use volume in the Sonic R System. I will be glad to revise and repost if others have something to contribute also. And perhaps Sonicdeejay will add this post, or some subesquent revision/repost, to Post#1 so that all will find this basic information.

Regards,
-tah

I can't undersatnd ur system.. Plz help

Nice review TAH, thanks. As i told before you can't see real volume on forex, so its just called "volume" you're right. For ex. in stock market's or futures there is alsomst one thing you need to know about is volume, it tells us everything we need to know about the price actions..also there are a lot of things you have to learn about the vol. demand, supply, level2 ,t&s, delta and some other things, also the trading platforms is more dificuilt and expensive. sorry for offtopic, but might be usfull info. but there is the way to check real volume, for ex. EU volume you can watch on 6E future, its alsomst the same chart, few pipis of difrence. i dont remeber the full code, anyway you can't do that on mt4 .