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Sonic R. System

  • #21,661
  • Jun 15, 2011 12:44pm Jun 15, 2011 12:44pm
Quoting traderathome
EU:

Waiting ES2= 1.4199 was executed. Since then, PA has been spiked higher. So I added ES3= 1.4264. This does it for me. Now to wait and see what today and early next week bring.
EU:

037 pips profit on ES2 = 1.4199 closed at 1.4160.
102 pips profit on ES3 = 1.4264 closed at 1.4160.

This leaves ES1 = 1.4129 of this group still running.
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  • #21,662
  • Jun 15, 2011 1:28pm Jun 15, 2011 1:28pm
Quoting traderathome
EJ:

As with EU (strong volume at top of run), I have added to this short trade at ES3= 116.01.
EJ:

056 pips profit on ES2 = 115.25 closed at 114.65.
132 pips profit on ES3 = 116.01 closed at 114.65.

This leaves ES1 = 114.42 still running.
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  • #21,663
  • Jun 15, 2011 1:29pm Jun 15, 2011 1:29pm
hi, I am currently trading with interbank fx broker and it wont support the fibopivot template. I am very confused because with my last broker, tadawul fx the template worked fine. The only thing thats not working is the daily pivot points which I really like to see. thanks, kyle.
  • #21,664
  • Jun 15, 2011 1:35pm Jun 15, 2011 1:35pm
Quoting Kyle.
hi, I am currently trading with interbank fx broker and it wont support the fibopivot template. I am very confused because with my last broker, tadawul fx the template worked fine. The only thing thats not working is the daily pivot points which I really like to see. thanks, kyle.
I don't know of any SonicR indicator or template called the "fibopivot". You need to be very specific about exactly what template and what indicator you are referring to. And post the pic/chart template, annotated to explain the problem.
  • #21,665
  • Edited 2:08pm Jun 15, 2011 1:46pm | Edited 2:08pm
Sonicdeejay is always saying....."I told cha.."
Ok, now I get my turn...
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  • #21,666
  • Jun 15, 2011 1:52pm Jun 15, 2011 1:52pm
....and another turn!
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  • #21,667
  • Jun 15, 2011 1:59pm Jun 15, 2011 1:59pm
....and yet another turn!

When I posted this chart today, I said watch it....the BBs were torpedoing it and later it would rocket!

(Ok, that was fun! Now the ego goes back in the sack until next year...)
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  • #21,668
  • Jun 15, 2011 2:03pm Jun 15, 2011 2:03pm
Quoting traderathome
I don't know of any SonicR indicator or template called the "fibopivot". You need to be very specific about exactly what template and what indicator you are referring to. And post the pic/chart template, annotated to explain the problem.
I think he meant with "fibopivot" that if you download the original Sonic R. indicators and templates from post #1 there are 2 new templates added.

1) SonicR - with fibopivot
2) SonicR - with spudfibo

Hope I could help...

Cheers
  • #21,669
  • Jun 15, 2011 2:12pm Jun 15, 2011 2:12pm
Quoting DoubleL
I think he meant with "fibopivot" that if you download the original Sonic R. indicators and templates from post #1 there are 2 new templates added.

1) SonicR - with fibopivot
2) SonicR - with spudfibo

Hope I could help...

Cheers
Thanks, DoubleL. I guess if Kyle posts something more explanatory, and with a chart showing the problem, then Sonicdeejay will have to look into that one.
  • #21,670
  • Jun 15, 2011 2:46pm Jun 15, 2011 2:46pm
Most beautiful setup for a long time in AU today

Look at this short wave. How steep it is.
At a whole number. What a beauty!
and which nice waterfall came after it
Attached Image (click to enlarge)
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  • #21,671
  • Edited 3:13pm Jun 15, 2011 2:56pm | Edited 3:13pm
UCad:

This rocketed today, double the average range. A good pullback would be healthy for future long trading. Studying the recent PA S&R history, a pullback to the 0.9766-0.9755 area (just above half number) might be where the current move down does land. There, or if the price goes even lower, might be a place to re-enter long. The FR study of the move up today places this area in the 38% - 50% retrace range. There is also a TL that could turn out to be a place where price bounces back up, who knows? These "indications" all converge tomorrow.
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  • #21,672
  • Jun 15, 2011 3:28pm Jun 15, 2011 3:28pm
Quoting bennyFX
Most beautiful setup for a long time in AU today

Look at this short wave. How steep it is.
At a whole number. What a beauty!
and which nice waterfall came after it
AU:

All that "was" is nice. But what "now" is more important. As with UCad, I'd be looking for a pullback for a short trade re-entry on it. BTW, what happened to your "volume" bars for the session. Is it a data feed error?
Attached Image(s) (click to enlarge)
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  • #21,673
  • Jun 15, 2011 3:42pm Jun 15, 2011 3:42pm
I need to ask you this, after a major trend and profit taking like this, do you still intend to make some trades or you wait until U.K open as your manual said, although most of this moves took place in asian time, was also going to ask, does it mean your sonicR tool can be used at any given time????


Quoting traderathome
UCad:

This rocketed today, double the average range. A good pullback would be healthy for future long trading. Studying the recent PA S&R history, a pullback to the 0.9766-0.9755 area (just above half number) might be where the current move down does land. There, or if the price goes even lower, might be a place to re-enter long. The FR study of the move up today places this area in the 38% - 50% retrace range. There is also a TL that could turn out to be a place where price bounces back up, who knows? These "indications" all converge tomorrow....
  • #21,674
  • Edited 4:03pm Jun 15, 2011 3:46pm | Edited 4:03pm
EU:

Like others, that more than doubled the range today, a pullback would be healthy. The attached chart shows my framework for evaluating a pullback, a good pullback for a SonicR re-entry short, should it come.

On this pair and others, tomorrow should be an interesting day....everyone looking to see what happens next.

Let the "market" decide.
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  • #21,675
  • Edited 4:39pm Jun 15, 2011 4:13pm | Edited 4:39pm
Quoting fendi
I need to ask you this, after a major trend and profit taking like this, do you still intend to make some trades or you wait until U.K open as your manual said, although most of this moves took place in asian time, was also going to ask, does it mean your sonicR tool can be used at any given time????
UCad:

"....although most of this moves took place in asian time...." - fendi
What?!
Man, look at your chart AGAIN! Almost the entire move from bottom to top was in the London session!

Look, you can trade the Sonic R. System anytime you want to, on any TF you want to, on ANYTHING you want to. That is your decision. The rules are few, simple and important. If you go outside the rules, you increase your risk.

I have frequently gone outside the rules by trading the asian session. The result is that most of the time I have had my ass handed back to me on a silver platter!
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  • #21,676
  • Jun 15, 2011 4:37pm Jun 15, 2011 4:37pm
Quoting traderathome
AU:

All that "was" is nice. But what "now" is more important. As with UCad, I'd be looking for a pullback for a short trade re-entry on it. BTW, what happened to your "volume" bars for the session. Is it a data feed error?
Sure AU move was over. But I thought it might be a good learning for the newbies around. This AU setup today was one of the cleanest Sonic waves I have ever seen.

But of course we have to focus to future. Nice re-entry areas you posted!

The volume looks chopped since today. I am with IBFX and another user has the same with IBFX. It seems a datafeed error. Hope they fix it soon.
  • #21,677
  • Jun 15, 2011 4:48pm Jun 15, 2011 4:48pm
Quoting bennyFX
Sure AU move was over. But I thought it might be a good learning for the newbies around. This AU setup today was one of the cleanest Sonic waves I have ever seen.

But of course we have to focus to future. Nice re-entry areas you posted!

The volume looks chopped since today. I am with IBFX and another user has the same with IBFX. It seems a datafeed error. Hope they fix it soon.
BennyFX, you might want to call IBFX about their volume data.....Complain! If enough customers do that, maybe they will "fix" so it doesn't happen again. It would be really BAD, if somewhere along the line the volume data was intentionally corrupted because they knew the day would be a tip top day/big moves.

Personally, I'd tell them that they were "Customer Unfriendly" to not notify you that some part of MT4 would not be telling you the truth! They owe it to their customers to be sure if something is not right, that the customers know about it! That is what I'd tell them! They had the entire day to notify customers, and apparently they didn't even bother to?
  • #21,678
  • Jun 15, 2011 4:50pm Jun 15, 2011 4:50pm
Traderathome, you are welcome! I am glad that I could help!

Like I wrote in an earlier post I am a newbie and learning.

So I have my first question regarding a setup:

Attached Image (click to enlarge)
Click to Enlarge Name: 110615_eurusd_15m.jpg Size: 123 KB


On this chart you can see the EU today on 15m.

Rule #4: The ENTRY should be several pips below the end of the first price candle that exits the Dragon during Leg #3 of the WAVE. If this rule places the entry more than 20 pips from the edge of the Dragon, then don't trade. (quote of TAH - adapted for short)

This yellow-marked probable entry wouldn't be a valid setup, because if I got the rule right, then the price has at least to touch the DRAGON during leg 3 to determine an ENTRY level.

Did I get it right?

And for my next question I drew with Paint a something that should look like a very simplified chart. (Please don't laugh. It took time & effort. )

Attached Image (click to enlarge)
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Case A visualizes a how PA should look like in correlation to the dragon.

Is Case B also a valid setup? I ask because in Case A Entry and previous LOW are very near together.
In Case B the distance between ENTRY and previous LOW is bigger.
My question regards if the distance between Entry and previous Low is absolutely irrelevant and everything that counts in term of distance is the distance between DRAGON edge and Entry which has to be smaller that 20 pips?

Thank you in advance for your help.

Cheers & good trades
  • #21,679
  • Edited 5:51pm Jun 15, 2011 5:13pm | Edited 5:51pm
Quoting DoubleL
Traderathome, you are welcome! I am glad that I could help!

Like I wrote in an earlier post I am a newbie and learning.

So I have my first question regarding a setup:

Attachment

On this chart you can see the EU today on 15m.

Rule #4: The ENTRY should be several pips below the end of the first price candle that exits the Dragon during Leg #3 of the WAVE. If this rule places the entry more than 20 pips from the edge of the Dragon, then don't trade. (quote of TAH - adapted for short)

This yellow-marked...
First off, your vLines appear two hours too soon. In the SonicR Chart Panel indicator, reduce by "2" the input for DST_Server_GMT_Offset.

Ok, there were three chances to enter short during the London session, which I hope I have clearly marked on my attached chart.

Next, your "Case A" is fine. "Case B" is subject to interpretation. If this is for an inital WAVE/initial entry, there is no need to wait. If this is for a re-entry, then it is subject to interpretation. For example, if that is how a re-entry Wave forms coming into the London session, then maybe you do not have to wait for PA to clear previous lows....just enter a few pips beyond the end of that first candle that dropped out of the Dragon. However, if PA has been ranging with a series of WAVES, and has not yet dropped a lot, you might want to wait for PA to also clear any previous significant low to be sure it breaks out of the range. If PA has already dropped a lot, you might not want to wait. As I said, it is a situation that needs to be "interpreted" based on timing/London session and how much PA may already have run.

Look at the third chart (EG). The first WAVE/entry is clear. Suppose that entry was missed and the second marked WAVE/entry was taken. You can see PA has ranged and has not yet fallen. You might decide to wait to take the lower entry to be sure PA is dropping out of the range. Or, you might gamble with the first for extra pips even if it does not drop out of the range. It is an interpretive situation.

As you work thru the thread, you will see that Sonic has taken such re-entries, close to the Dragon and without waiting for PA to get past previous significant H/Ls. Basber, on the other hand, likes to wait for PA to clear H/Ls even for initial entries. He does not trade soon after big moves. He waits for PA to settle into a range, maybe days, and waits for a SonicR setup for a later break out of the range. He likes to let PA clear the range before entering. So, you see, there are different ways to view the situation.

Hope all of this helps.

Regards,
-tah
Attached Image(s) (click to enlarge)
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  • #21,680
  • Jun 15, 2011 5:43pm Jun 15, 2011 5:43pm
Hi TAH,

thanks for your kind help.

I changed the indicator-settings of SonicR Chart Panel black/white by doing what you said (inserted the value "-2" in the line: DST_Server_GMT_Offset ).
Thank you for this attentive advice!
Now the lines fit with the opening hours.

The chances you marked on the EU chart were valid setups?
None of the 3 chances touched with leg 3 the dragon. I thought that the PA of leg 3 has to touch the DRAGON to derive the proper ENTRY level?
Did I get something wrong?

Best regards,

DL
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