Sonic R. System | Page 1146 | Forex Factory

Options

Go to
Permalinks
Print Thread

Similar Threads

Sonic R.evolution 95 replies

The System Behind the System, by Merlin Jeffries 16 replies

Old School Sonic System + Other Things 11 replies

Knife system, Vegas 4h system related questions. 4 replies

Would you trade this system? New system #2. 10 replies

Attachments: Sonic R. System
Exit Attachments

Sonic R. System

  • #22,901
  • Jul 6, 2011 4:56am Jul 6, 2011 4:56am
Quoting nando_rich
have you got any idea for trading today?? maybe a re-entry if the PA pullback nice to 1.440X??

Regards.
Seems nice support hit..
looking to 1.44xx...as overhead resistance
But looking bearish...so stay side line..

Sonic
Attached Image (click to enlarge)
Click to Enlarge Name: shi.gif Size: 33 KB
  • #22,902
  • Jul 6, 2011 5:45am Jul 6, 2011 5:45am
tah is crying now
  • #22,903
  • Jul 6, 2011 6:10am Jul 6, 2011 6:10am
Hi All,

Does anyone know how the RGH and RGL are calculated?

I understand they are mathematical support and resistance based on daily average movement... but how exactly can i calculate these on my own??

Cheers
  • #22,904
  • Jul 6, 2011 6:14am Jul 6, 2011 6:14am
Quoting Pips 4 All
Hi All,

Does anyone know how the RGH and RGL are calculated?

I understand they are mathematical support and resistance based on daily average movement... but how exactly can i calculate these on my own??

Cheers
Take Daily ATR of desired period and then add it up to daily open to each of the side (up/down), this will give you the lvls
  • #22,905
  • Jul 6, 2011 6:16am Jul 6, 2011 6:16am
BTW, i noticed that RGL/RGH indicator shifts, when price is trending strongly. Is this a correct behaviour? If not, where can I find newer version of this indi?

Thanks in advance!

Snu.
  • #22,906
  • Jul 6, 2011 6:20am Jul 6, 2011 6:20am
Quoting Sunbrella
TAH, we have a chance to go another 100 pips down (my ideal target is around 1.429) before any major move up.
As Sonic would say "3 hours later": in the meanwhile PA is approaching my initial target; for "safety reasons" TP is set slightly above the "magic whole number" @ 1.4305x.
Mind the gap
  • #22,907
  • Jul 6, 2011 6:32am Jul 6, 2011 6:32am
Quoting Pips 4 All
Hi All,

Does anyone know how the RGH and RGL are calculated?

I understand they are mathematical support and resistance based on daily average movement... but how exactly can i calculate these on my own??

Cheers
Pls check the source code of SonicR Chart Panel (xxx).mq4, TAH has invested extremely huge amount of work into this system so pls take the time and check his code, the correct answer is there.

The following comments are quoted from there:

"The optional range H/L lines are displayed in two different ways, according to two different conditions.

Condition #1 is that the session range has not exceeded the computed average range. The RgH line is the computed average range distance above the session Low, and the RgL line is the computed average range distance below the session high. The lines will move as new highs/lows are achieved during the session. This display shows how far price can move in either direction before exceeding the computed average range.

Condition #2 occurs if PA exceeds the computed average range. Then, if price is in the upper half of the new increased range the RgL line is at the session low and the RgH line is at the computed average range distance above the RgL line. And if price is in the lower half of the new increased range the RgH line is at the session high and the RgL line is at the computed average range distance below RgH line. This display shows the relationship between the computed average range limit and the current session PA (Price Activity), which has moved beyond that limit."
Mind the gap
  • #22,908
  • Jul 6, 2011 6:41am Jul 6, 2011 6:41am
Quoting foxybunny
Hi Piphunter,

Please explain your chart why you labelled "Failed" and "Good" signals, as I really don't understand how you labelled in that manner.

Looking at your chart, from left side, where price is Above the Magenta Moving Average, most times when you go Long just above the Dragon, it is a Good signal as long as you take pips profit earlier.

The point for Long is look at how price go below the Dragon for a short while, then re-enter itself above the dragon for a good signal for Long.



From right side, where price is Below the...
Frist, it's not my chart, it was TAH's, I was not talking about how i take the trade, it was how TAH does it. generally say, PA corss up dragon long, and PA corss down the dragon short. you can look at the last EU long trade TAH take as example. it was fail signal.

The piont I making is, dragon, like all the MAs, will only work on some market condition, it's not reliable, compare to purely use wave and S/R. as you said, take profit earlier may work, but how early is early, also is not so early to miss the big run?? only will know afer the event.

carefully look at how Sonic trade this day, you may change perspetive of how to trade Sonic R. this' only for sharing learning experience, you may have different relection on it. I don't try to make it right or wrong, but it surely helping me get better.
seeing through
  • #22,909
  • Jul 6, 2011 7:06am Jul 6, 2011 7:06am
Quoting Rbt
tah is crying now

this is his style, maybe he will get his smile soon... who knowshttp://www.forexfactory.com/images/icons/icon7.gif
salute to TAHhttp://www.forexfactory.com/images/icons/icon14.gif
  • #22,910
  • Jul 6, 2011 7:11am Jul 6, 2011 7:11am
Quoting pipphunter
Frist, it's not my chart, it was TAH's, I was not talking about how i take the trade, it was how TAH does it. generally say, PA corss up dragon long, and PA corss down the dragon short. you can look at the last EU long trade TAH take as example. it was fail signal.

The piont I making is, dragon, like all the MAs, will only work on some market condition, it's not reliable, compare to purely use wave and S/R. as you said, take profit earlier may work, but how early is early, also is not so early to miss the big run?? only will know afer the event....
OK in that the original chart belong to TAH.

However you post does not explain why you labelled "Good" and "Failed" signals as the labels seem to be opposite.

If you are referring to how TAH trades, most of his recent trades are more like "Sonic Scout", where as I am referring your original post as "Sonic Classic".

The "Sonic Scout" taken did not rely as much on where is price relative to Sonic Dragon.
"Sonic Scout" taken rely more on Price Wave and S&R, and doing the opposite of where price seem to be going for the moment.

So unsure whether you are referring to "Sonic Classic" or "Sonic Scout" ??

And the "Sonic Classic" signals where you labelled "Failed" were actually "Good signals".

The Sonic Dragon been a moving average, definitely is a lagging indicator, and it still does provide a good indication when trending.
More issue arise when market is ranging and not trending well, this is the same scenario for most indicators.

Agree with you in that using S&R, and Price Wave gives earlier indication than Sonic Dragon.

Perhaps just a little bit of misunderstanding here.
  • #22,911
  • Jul 6, 2011 7:33am Jul 6, 2011 7:33am
closed euro +145 pips
fokyou forexfactory
  • #22,912
  • Jul 6, 2011 7:34am Jul 6, 2011 7:34am
Quoting foxybunny
OK in that the original chart belong to TAH.

However you post does not explain why you labelled "Good" and "Failed" signals as the labels seem to be opposite.

If you are referring to how TAH trades, most of his recent trades are more like "Sonic Scout", where as I am referring your original post as "Sonic Classic".

The "Sonic Scout" taken did not rely as much on where is price relative to Sonic Dragon.
"Sonic Scout" taken rely more on Price Wave and S&R, and doing the opposite of where price seem to be going for the moment.

So...
TAH last EU long was class Sonic R,
I label signals is where when you 100% to follow sonic R rule, you would get the stop hit before the trade run to your TP, or at best hit stop at BE no matter you trying to catch the reversal or join the trend. Being very patiencet and selective is vital for situation like this. how to being selective and not overtrade, is different for everyone, removing the dragon could be one of the solution for some people.
when the market shown you the way, everything seems so easy, but when you are on the position to make the call and risk the money before the market move, is difficult.
seeing through
  • #22,913
  • Jul 6, 2011 7:45am Jul 6, 2011 7:45am
Quoting Sunbrella
TAH, we have a chance to go another 100 pips down (my ideal target is around 1.429) before any major move up.
4 hrs later my safety target above the magic whole number was hit, ~140 pips banked (right pic shows the very last moment before the hit).
Attached Image (click to enlarge)
Click to Enlarge Name: EU_110706_short.gif Size: 121 KB
Mind the gap
  • #22,914
  • Jul 6, 2011 7:57am Jul 6, 2011 7:57am
Quoting Sunbrella
4 hrs later my safety target above the magic whole number was hit, ~140 pips banked (right pic shows the very last moment before the hit).
nice trade, Sunbrella

but I see your entry and target was more based on EWT?
  • #22,915
  • Jul 6, 2011 8:27am Jul 6, 2011 8:27am
Quoting kimis
nice trade, Sunbrella

but I see your entry and target was more based on EWT?
Thanks kimis, all of my trading decisions are based on EWT (and gives much better results than anything else), but works well together with SonicR system, that's why I'm here.

So how does the SonicR fit into EWT? To make it simple what you call a SonicR set-up most of the time it is simply the start of a 3rd wave (or the 3rd wave of a corrective structure, that's why sometimes it fools you when it fails).

The pic below sumerizes the key points how this EWT based trade fits into the SonicR system. Leaving out my EWT one key point I can't emphasize enough is the importance of the slingshot: it is always a red exclamation mark that PA is going to follow the trend (it is a strong trend continuation "pattern", worth keeping in mind).
Attached Image (click to enlarge)
Click to Enlarge Name: EU_110706_short_desc.gif Size: 77 KB
Mind the gap
  • #22,916
  • Jul 6, 2011 8:32am Jul 6, 2011 8:32am
Quoting pipphunter
TAH last EU long was class Sonic R,
I label signals is where when you 100% to follow sonic R rule, you would get the stop hit before the trade run to your TP, or at best hit stop at BE no matter you trying to catch the reversal or join the trend. Being very patiencet and selective is vital for situation like this. how to being selective and not overtrade, is different for everyone, removing the dragon could be one of the solution for some people.
when the market shown you the way, everything seems so easy, but when you are on the position to make...
Quoting traderathome
EU:

This has been a hard and quick drive down to a lower support level. I have effectively removed the SL and added EP3 long = 1.4392.
Piphunter, the chart you refer from TAH originally, and his last EU Long that I quote and you refer above was NOT a Sonic Classic, it was at best a Sonic Scout, that is why he went Long even though the price was way below the Sonic Dragon.

Apart from that, I understand mostly what you meant in your post.
Being patient and selective is key.
  • #22,917
  • Jul 6, 2011 8:35am Jul 6, 2011 8:35am
Quoting Sunbrella
4 hrs later my safety target above the magic whole number was hit, ~140 pips banked (right pic shows the very last moment before the hit).
Great..

http://blogs.citypages.com/blotter/YouDaManJesus.jpg


Sonic
  • #22,918
  • Jul 6, 2011 8:45am Jul 6, 2011 8:45am
Quoting Sunbrella
Thanks kimis, all of my trading decisions are based on EWT (and gives much better results than anything else), but works well together with SonicR system, that's why I'm here.

So how does the SonicR fit into EWT? To make it simple what you call a SonicR set-up most of the time it is simply the start of a 3rd wave (or the 3rd wave of a corrective structure, that's why sometimes it fools you when it fails).

The pic below sumerizes the key points how this EWT based trade fits into the SonicR system. Leaving out my EWT one key point [u]I can't...
Nice trade, DNTme & Sunbrella.

Sunbrella, does your "slingshot" mean you are looking for a divergence between Price and the indicator you are using ??

How would you label the EWT waves for your chart ?

I would like to follow EWT but I seem to have problem on label the correct wave for EWT and that affects how to initiate a position.
Still feel each person can labelled EWT very differently to the next person.
  • #22,919
  • Edited 10:31am Jul 6, 2011 9:40am | Edited 10:31am
Quoting foxybunny
Nice trade, DNTme & Sunbrella.

Sunbrella, does your "slingshot" mean you are looking for a divergence between Price and the indicator you are using ??
Yes, it is a kind of divergence, we talked about this several times during the past few weeks. Mainly occures before the last wave down in the trend direction on a given TF.

Quote
How would you label the EWT waves for your chart ?

EWT counting: many ways but in general, you should heve a pic on the higher degrees first, then, going down for your trading TF. Regarding the latter one possible scenario is on the pic below.

Quote
I would like to follow EWT but I seem to have problem on label the correct wave for EWT and that affects how to initiate a position.
Still feel each person can labelled EWT very differently to the next person.

foxybunny, to make it short EWT requires a lot of time, until you get sufficient experience. It is even possible to give up after a few months. But if you get beyond this phase, the picture slowly begins to be cleansed and you will realize that the 3rd waves and C waves should be hunted for.

So as any success in life, EWT needs a lot of practice and the right attitude and patience. One of the key strength of EWT is that it has its objectively defined set of rules and guidlines, you have to follow them.

As I wrote to someone who asked me, EWT is not suitable for everyone and I'd like to warn you in advance: once you get experienced with it (except you give up before it really becomes a tool for you), from that point you will see a completely different chart - for the rest of your life, no exceptions. And this is a double-edged sword - especially if you try to use it for the forex market.

Why? First, EWT initially was not intended for this special market (though more or less still works on it). For this reason you may easily hurt yourself and get disappointed if the forex market is where you want to learn this theory (best works on indices and stocks of liquid markets, try to learn on those markets). Second, you can successfully trade on the forex market without EWT. But I can tell you that EWT is one of the best thing in my life, because opened a door to a completely different world many years ago (beyond the financial markets). The same chart has much more info and the majority of the people can't see and read.
Attached Image (click to enlarge)
Click to Enlarge Name: EU_110706_m15_counted.gif Size: 113 KB
Mind the gap
  • #22,920
  • Jul 6, 2011 10:18am Jul 6, 2011 10:18am
EU:

It has gone down about 150-pips today after Moody downgrade of Portugal.
Down to a low of 1.4285, then price seem to reject that low and move up quick.

Enter Long EU 1.4312 , this is a Sonic Scout, higher risk as it has not test the low yet, and also against recent down trend.
60 traders viewing now