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Sonic R. System

  • #22,301
  • Jun 26, 2011 11:57am Jun 26, 2011 11:57am
Hi Sonic, what is the last template of your system in the first not look like yours.
And the rules are still same?
  • #22,302
  • Jun 26, 2011 12:24pm Jun 26, 2011 12:24pm
My outlook for EU this week is here:

http://www.forexfactory.com/showthre...09#post4726709
  • #22,303
  • Jun 26, 2011 1:31pm Jun 26, 2011 1:31pm
Quoting traderathome
PipDizzle, your vLines appear 3 hours after they should appear. Reduce your DST_Server_GMT_Offset by 3 hours. You should also confrim the DST_Zone information/setting, per user notes, with your broker. If it is wrong, however, it will only cause misplaced vLines twice a year for several weeks, as various parts of the world changeover from/to DST.
Alright Kool, I changed the DST_Server_GMT_Offset from 3 to 0 now and the vlines match yours
But the part where you say " confrim the DST_Zone information/setting, per user notes, with your broker, I have know idea how to do Would it help if I told you my broker is in Australia and im in Florida ?
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  • #22,304
  • Jun 26, 2011 3:17pm Jun 26, 2011 3:17pm
Quoting PipDizzle
Alright Kool, I changed the DST_Server_GMT_Offset from 3 to 0 now and the vlines match yours
But the part where you say " confrim the DST_Zone information/setting, per user notes, with your broker, I have know idea how to do Would it help if I told you my broker is in Australia and im in Florida ?
The question is where your broker server is. Check the following links:

World time zone map:
http://www.worldtimezone.com/

Forex time zone converter:
http://forex.timezoneconverter.com/

Forex trading hours according to your time zone:
http://www.forexmarkethours.com/

I hope any of them will help you navigate through our somewhat complicated world.
Mind the gap
  • #22,305
  • Edited 3:44pm Jun 26, 2011 3:18pm | Edited 3:44pm
Quoting PipDizzle
Alright Kool, I changed the DST_Server_GMT_Offset from 3 to 0 now and the vlines match yours
But the part where you say " confrim the DST_Zone information/setting, per user notes, with your broker, I have know idea how to do Would it help if I told you my broker is in Australia and im in Florida ?
Please read! Read the user notes in the Chart Panel indicator! Why do you think I spent so much time to put them there! You will find the instructions you need there. Thank you for complying.

BTW, I am in Florida, also. That doesn't make a hill of beans difference. What matters is when does the broker server implement DST changeovers. Ask the broker. If they do so when Australia does, there is a setting for Australia provided by Caveman.

Folks, how the hell do you expect sophisitcated indicators to work right, if you are too lazy to read and follow setup instructions, which you are warned to do in the releasing post??????

(The above is not directed at PipDizzle, only those for who the shoe fits. )

Folks, If I seem mifed, I am not; only tired of having to handle questions for which answers have already been provided, but which elude those questioners that don't bother to read anything! Please, put yourselves in my shoes, and see if you can understand. After working your ass off to make excellent indicators, but which require some degree of work by the user to set them up properly, and so therefore you provided the necessary instructions.....how, would you feel getting the same questions over and again from those who have not bothered to read and follow the instructions......., huh? Ok, all is well with me again. Just had to get that off my chest. If I am lucky, no more such inane questions will arise this week!
  • #22,306
  • Edited 4:30pm Jun 26, 2011 4:11pm | Edited 4:30pm
Quoting kimis
I think not only successful trades can teach, but also failured ones. So as promised here is my big failure of recent week.

After nice drop of EU from almost 1.45 to almost 1.40 there was some retracement up to 1.4320 level, where price rebounded from previous support, now resistance. during asia session it drifted down making new LL and LH sequence and even right befor London open it made something what in my opinion was atempt to break whoole numbeer support area 1.4200, which day before made some resistance. there was some high volume bar down...
Nando posted that green, red, or even blue bars, "well" into the run, could mean that price has just been driven to a significant S&R area. This would not be a time to enter a trade in the same direction, because after some consolidation, however brief or extensive, the price might reverse.

It doesn't matter that there are candlewicks that subsequently made it below the S&R area (whole number). That long red candle could turn out to be a "stopping volume" candle, which it did. And, because of that possibility, a re-entry trade in the direction of that red candle should have, at the least, a very tight SL. Also, at the time it was evident that price had already fallen about 150 pips from the high of the preceding day down to that whole number. So a "stopping volume" interpretation of the red candle, especially when followed by several more very high volume candles (blues and green) while the price went nowhere, would have been very logical.....hence, a Sonic Scout trade.

If the same situation had occured somewhere between whole numbers, as last Thurdsay, consolidation and then a continuation move is likely (as was the case, for an additional 100+ pips on top the 150 pip move the preceding day). See this in the 3rd chart. Whole numbers are important. And it seems the market likes to make overall moves of 150 or more (200, 250, 300 sometimes).

I agree with Kimis that reviewing like this, how the market works, can help us in the future.

Thank you, Kimis.

-tah
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  • #22,307
  • Jun 26, 2011 4:41pm Jun 26, 2011 4:41pm
Quoting traderathome
UChf:

Added SR EL3 = 0.8370. (Everybody else seems to be buying it, even late into the day. )
UChf:

PA opens the week in the spike down area of the last minutes of Friday trading. FXDD closed an hour before, so the high volume spike is not shown on the attached chart.

I entered SS EL4 = 0.8323, even with the very high spread, on the basis of that high volume drive down at the very end of last week.....i.e., stopping volume on a drive down to run stops on long positions. The second chart was posted by Kimis showing this.
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  • #22,308
  • Edited 5:57pm Jun 26, 2011 5:21pm | Edited 5:57pm
Quoting traderathome
EU:

73 pips profiton ES4 = 1.4245 closed at TP2 = 1.4170.
93 pips profiton ES5 = 1.4265 closed at TP2 = 1.4170.

This leaves ES6 = 1.4285 still running with over 100 pips profit. I will set SL3 to protect much of that.
EU:

103 pips profit on ES6 = 1.4285 closed at 1.4180.
Higher lows (seeing double bottom?) has me wanting to be cautious and protect profit. That, and my outlook for the week includes the possibility of some upside before more downside.
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  • #22,309
  • Jun 26, 2011 6:12pm Jun 26, 2011 6:12pm
EU:

Entered SS EL1 = 1.4166, on the basis of PA waves inching up. It is SS based on high volumes (relative) at each of the three past lows. It is risky, but then SS entries are. M5 chart. A run up to central pivot, or half number, or even a small bit higher would be nice.
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  • #22,310
  • Jun 26, 2011 6:42pm Jun 26, 2011 6:42pm
im new here, and still learning how this system work, now im trying to understand how you put your order and TP, near S/R or what?
  • #22,311
  • Jun 26, 2011 6:57pm Jun 26, 2011 6:57pm
Quoting obeth
im new here, and still learning how this system work, now im trying to understand how you put your order and TP, near S/R or what?
Focus on pure SonicR. Everything you need is in Post#1, or linked in Post#1. Time to start reading. The more you read, the fewer questions you will have.
  • #22,312
  • Jun 26, 2011 7:00pm Jun 26, 2011 7:00pm
Quoting traderathome
EU:

Entered SS EL1 = 1.4166, on the basis of PA waves inching up. It is SS based on high volumes (relative) at each of the three past lows. It is risky, but then SS entries are. M5 chart. A run up to central pivot, or half number, or even a small bit higher would be nice.
EU:

Asian market went back to the well and dropped the bucket in deeper. Just in case they do so again, I have placed Sonic Scout EL2 order just below half number.

Edit: SS EL2 = 1.4149 got executed (2nd pic).
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  • #22,313
  • Jun 26, 2011 7:01pm Jun 26, 2011 7:01pm
Little trade im taking, first time trading the Usd/Chf
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  • #22,314
  • Jun 26, 2011 7:09pm Jun 26, 2011 7:09pm
Quoting traderathome
Focus on pure SonicR. Everything you need is in Post#1, or linked in Post#1. Time to start reading. The more you read, the fewer questions you will have.
OK, thanks for your advise..i will start readinghttp://www.forexfactory.com/images/icons/icon7.gif
  • #22,315
  • Jun 26, 2011 7:09pm Jun 26, 2011 7:09pm
Quoting traderathome
UChf:

PA opens the week in the spike down area of the last minutes of Friday trading. FXDD closed an hour before, so the high volume spike is not shown on the attached chart.

I entered SS EL4 = 0.8323, even with the very high spread, on the basis of that high volume drive down at the very end of last week.....i.e., stopping volume on a drive down to run stops on long positions. The second chart was posted by Kimis showing this.
UChf:

32 pips profit on SS EL4 = 0.8323 closed at 0.8363.
EL1, 2 ,3 still running.
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  • #22,316
  • Edited 7:50pm Jun 26, 2011 7:21pm | Edited 7:50pm
Quoting traderathome
EU:

Asian market went back to the well and dropped the bucket in deeper. Just in case they do so again, I have placed Sonic Scout EL2 order just below half number.

Edit: SS EL2 = 1.4149 got executed (2nd pic).
EU:

Added SS EL3 = 1.4134.

The asian market is either driving hard to position for a run up today, or PA will go down. If PA goes down, likely the euro market will drive it back up first. Either way, there is a good chance for profit considering Sonic Scout trades are far more risky than pure SonicR trades.

On the M15, PA sure looks like a double tap on the half number area, and which could result in a bounce up later.

Edit: Added SS EL4 = 1.4106. Now, to wait.
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  • #22,317
  • Edited 8:44pm Jun 26, 2011 8:26pm | Edited 8:44pm
UChf:

Last Friday fxtechstrategy.com was blah, blah, blahing about the strengthening Swiss Franc, even to the point of belaboring the next lower supports that UChf might hit, and break.
http://www.forexfactory.com/news.php?do=news&id=300850

In the very last minutes of trading on Friday, the market's rich, executed a drive down....not reflecting additional shorting of UChf, but the running of stops of other traders that were long, and also getting some traders long that had long orders sitting down there....and promptly stopping them out! Most likely the market's rich used all that sudden extra market liquidity to get its own long order filled near the bottom of the drive.

This sucker is so oversold it ain't funny! And after late Friday's price manipulation by the market's rich, some that had good long positions waiting for the reversal up, are now without them! And those that had long orders placed low and waiting for execution.....well, they got executed, and then stopped out! So all those traders just lost their monies.

One more strike for the market's rich, and the blah, blah, blah news.
  • #22,318
  • Edited 2:01am Jun 27, 2011 1:13am | Edited 2:01am
EU:

Possibly a SonicR long setup forming. Needs a lttle more time.

Edit: Added 2nd chart showing possible SonicR long trade for 60+ pips, using conservative first TP.
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  • #22,319
  • Jun 27, 2011 2:35am Jun 27, 2011 2:35am
TAH I took same entry, pls explain your tps
Poshcom
  • #22,320
  • Edited 3:18am Jun 27, 2011 3:02am | Edited 3:18am
Quoting FelixFX
TAH I took same entry, pls explain your tps
Felix, all entries were SS. Actually SS EL2 turned out to be equivalent to a SonicR entry. And my exits are currently set per pic. All the TPs are based on my review of PA for S&R on M15 thru H1 charts, which you can see on the M30.

Basically, I see this setting up for a bounce up off the previous low area (quarter number area). Price overshot it coming down, and is now consolidating. See H1.
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