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Sonic R. System

  • #22,321
  • Jun 27, 2011 3:03am Jun 27, 2011 3:03am
Nice touch at the DPV...

Sonic
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  • #22,322
  • Jun 27, 2011 3:07am Jun 27, 2011 3:07am
EU: I do recall one week old situation when I made mistake - PA went to S/R direction with high volume, and I expected breakout, entered into trade, then PA changed direction with high volume again
  • #22,323
  • Jun 27, 2011 3:20am Jun 27, 2011 3:20am
Quoting sonicdeejay
Nice touch at the DPV...

Sonic
Sonic, your hour settings of pivot indicator are wrong. DPV is much higher. Rather, nice touch of resistance...
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cut losses short, let profits run.
  • #22,324
  • Jun 27, 2011 3:35am Jun 27, 2011 3:35am
Quoting Domas4
Sonic, your hour settings of pivot indicator are wrong. DPV is much higher. Rather, nice touch of resistance...
my DVP at 1.4211 as well
  • #22,325
  • Jun 27, 2011 3:37am Jun 27, 2011 3:37am
Quoting sonicdeejay
Nice touch at the DPV...

Sonic
That depends on what broker you have, or if you have the pivots offset to GMT or some other non-broker/server time. These variables affect pivots, which is why I don't use them much. And I should take the main pivot off my chart, also. SonicR doesn't need it, so it is just clutter.

It would be better to say, "Nice tap at the Trend line...."
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  • #22,326
  • Jun 27, 2011 3:39am Jun 27, 2011 3:39am
I know what is a problem. looks like broker used by Sonic is opening 2 hours before oficial fx open, so there is sixth day, accoring which is calculated Sonic's DPV, ranges and resistances.
  • #22,327
  • Jun 27, 2011 3:53am Jun 27, 2011 3:53am
Quoting kimis
I know what is a problem. looks like broker used by Sonic is opening 2 hours before oficial fx open, so there is sixth day, accoring which is calculated Sonic's DPV, ranges and resistances.
Yes. Caveman's code adds short days to previous normal day (Friday) to come up with better OHLC data encompassing both Friday and short hour Sundays. Still, the pivots are going to vary somewhat.

It is the reason I like whole number divisions and plain 'ole S&R, as Domas4 just pointed out above. And plain "ole S&R is consistently well aligned with whole number divisions.....it must be a phsycological thing. In any case, whole number divisions never vary, neither between time zones nor between different brokers.

In Sonic's case, he is not using the latest released Chart Panel, which corrected an error in the pivots code.....not Caveman error, but an error in properly transporting the Caveman code into the Chart Panel.

Sonic, you really need to upgrade! (Just goes to show that Sonic is so good at this, not even faulty data will keep him from profit!)
  • #22,328
  • Jun 27, 2011 4:06am Jun 27, 2011 4:06am
Quoting traderathome
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.
EU:

23 pips profit on SS EL1 = 1.4166 closed at 1.4191.
This leaves SSs EL2,3,4 still running.
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  • #22,329
  • Jun 27, 2011 4:16am Jun 27, 2011 4:16am
what is the meaning of SS, SS EL?
Poshcom
  • #22,330
  • Jun 27, 2011 4:22am Jun 27, 2011 4:22am
EL = enter long
ES = enter short
  • #22,331
  • Jun 27, 2011 4:25am Jun 27, 2011 4:25am
Quoting FelixFX
what is the meaning of SS, SS EL?
Sonic Scout Entry Long.

Come on, Felix! If you are following the thread, reading and reflecting on what there is here for you to read, you'd not be asking such inane questions! Read and think, man,....think!
  • #22,332
  • Jun 27, 2011 4:28am Jun 27, 2011 4:28am
Quoting FelixFX
what is the meaning of SS, SS EL?
Sonic Scout Entry Long.
  • #22,333
  • Jun 27, 2011 4:30am Jun 27, 2011 4:30am
sry Im not familiar with this yet. Anyway I took the entry long at 4155 and exit at 00
Poshcom
  • #22,334
  • Jun 27, 2011 4:31am Jun 27, 2011 4:31am
thx TAH, one day I will help the newcomers like y help me
Poshcom
  • #22,335
  • Jun 27, 2011 4:35am Jun 27, 2011 4:35am
Quoting FelixFX
sry Im not familiar with this yet. Anyway I took the entry long at 4155 and exit at 00
Way to go, Felix! .....a pure SonicR trade properly entered and with a good exit in the whole number natural S&R area. Congratulations, Felix!
  • #22,336
  • Jun 27, 2011 4:45am Jun 27, 2011 4:45am
hi all , i am new in forex trading. Can you pls let me know how to use this system?
Thanks
rash
  • #22,337
  • Jun 27, 2011 4:51am Jun 27, 2011 4:51am
Quoting traderathome
EU:

23 pips profit on SS EL1 = 1.4166 closed at 1.4191.
This leaves SSs EL2,3,4 still running.
EU:

Have set a SL now, to protect SSs 2,3 and 4.
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  • #22,338
  • Jun 27, 2011 4:57am Jun 27, 2011 4:57am
Thursday's strong bull correction has killed bear momentum resulting in obvious divergence. 3 Minutes left before H4 closes with approx 60 +/- pips above its open after hammerish looking Doji that followed a strong Bearcandle.

I'd say Bears have to wait a bit more. Unless today ends like Friday.

PA has the last word as always.
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Do we have a deal?
  • #22,339
  • Jun 27, 2011 5:29am Jun 27, 2011 5:29am
Quoting rAsHr
hi all , i am new in forex trading. Can you pls let me know how to use this system?
Thanks
rash
Cek on this links
http://www.forexfactory.com/showthre...03#post4618603

http://www.forexfactory.com/showthre...36#post4682936

or you can find information on page one.
  • #22,340
  • Jun 27, 2011 6:28am Jun 27, 2011 6:28am
Quoting traderathome
EU:

Have set a SL now, to protect SSs 2,3 and 4.
EU:

69 pips profit on SS EL2 = 1.4149 closed at 1.4220.
SSs EL3 and EL4 are still running.
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