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Sonic R. System

  • #23,001
  • Jul 7, 2011 11:01am Jul 7, 2011 11:01am
Quoting foxybunny
EU Long EP4 1.4360 by TAH.

Also I have 1.4360 as a line to watch on my chart.
Thinking this may be the last EL4, but I have my doubts now.

EU did hit 1.4360 today, so expecting you to profit overall here as well.

I am waiting to get a Long entry EU, perhaps tomorrow, as price too much run up today even though it went past 1.4360.
EU:

I was not yet ready to post on my EU trade, but from the attached pic you can see that I have added when price hit/broke additional support levels. I took individual pics at each entry, which will be in the final post on this trade.
Attached Image (click to enlarge)
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  • #23,002
  • Jul 7, 2011 11:19am Jul 7, 2011 11:19am
Quoting traderathome
EJ:

The reason I took exit where I did......
I was hoping for price to achieve as many entry levels as possible, but I considered RgH a limiting factor. So, when price made it up to as far as EP2 I considered myself lucky. It just happened that price was just a bit higher at the time of exit.

Now that the day is old and the run is good, I'd expect the BBs to focus on a pullback, load up long, and drive it even higher....the higher the better before the two high impact USD releases tomorrow (Unemployment Rate, and Non-Farm Employment Change)....

Your RgH and RgL indicator seems a good profit taker, and that you take profit when price bar is at a Spike and Extension.

I have not use this indicator recently.
Coz get confused with the Session times and GMT offset.

Can see the effectiveness of RgH, as EJ now after you take profit around 116.77 RgH, it has quickly gone down.

I may let EJ ride till tomorrow or over the weekend.
EJ, don't go near my BE, ok.

Do you use RgL and RgH for your early entries like Sonic Scout to see how that works out for you ??
  • #23,003
  • Jul 7, 2011 11:30am Jul 7, 2011 11:30am
"Bias", The Bitch That Seduces:

I said I was without bias, that I would look to each London session without any "belief" as to what is going to happen.

1. I entered EJ and EU trades before the London session got underway to possibly show direction for the day......I got creamed!

2. I entered with an insidious bias telling me that being NFP week, the BBs would get prices up so they could make more on a dollar strength move later. That might still happen, but as it turns out, they apparently decided to drive price down, before any price drive up in preparations for NFP releases.......I got creamed!

3. I entered EJ and EU long.....before the London session could point a way, and with an insidious bias long whispering at me, and......I got creamed!

Things may turn out not so badly. Tomorrow will tell. I just want to make it clear that these two long trades were a MISTAKE. I really want to concentrate on pure Sonic R. System trades, and I have a lot of work to do on myself.

Regards,
-tah
  • #23,004
  • Jul 7, 2011 11:32am Jul 7, 2011 11:32am
Quoting traderathome
EU:

I was not yet ready to post on my EU trade, but from the attached pic you can see that I have added when price hit/broke additional support levels. I took individual pics at each entry, which will be in the final post on this trade.
Ha Ha!!

I counted 7 little black lines.

#7 is still your lucky number.

Wish I knew your #7 around 1.4260 earlier on, and that would have been my line on chart to Enter!

Note there is still homework to be done on why enter at #7 like Sonic, and disregard most of the other entries.

Hope you are able to keep EU #7 for much longer and you can exit #1 through #6 easily.

Coz #7 was a cheap entry at Demand Zone.
Try to hold #7 as long as you can.

You know my longer price outlook from my much earlier post:
EU around 1.4800
EJ around 121.00

It may take a while to reach there, still expecting to reach near there.
I just did not catch earlier entries and hold onto them like you have a better chance.
  • #23,005
  • Jul 7, 2011 11:39am Jul 7, 2011 11:39am
Quoting foxybunny
Your RgH and RgL indicator seems a good profit taker, and that you take profit when price bar is at a Spike and Extension.

I have not use this indicator recently.
Coz get confused with the Session times and GMT offset.

Can see the effectiveness of RgH, as EJ now after you take profit around 116.77 RgH, it has quickly gone down.

I may let EJ ride till tomorrow or over the weekend.
EJ, don't go near my BE, ok.

Do you use RgL and RgH for your early entries like Sonic Scout to see how that works out for you ??
Foxybunny, I'll tell you what I would like to be doing.....

Just trade pure SonicR
Just trade after the London session opens and maybe shows the way for the day, something that might entail waiting another hour for.
Just place my target(s) within the RgH/RgL area, where PA is most likely to remain, even if gains are modest.
Just place a sensible SL......and honor it!
Just get good at reacting to sudden stop outs and PA reversals, sensibly re-entering in the opposite direction

-tah
  • #23,006
  • Edited 12:10pm Jul 7, 2011 11:51am | Edited 12:10pm
Quoting foxybunny
Your RgH and RgL indicator seems a good profit taker, and that you take profit when price bar is at a Spike and Extension.

I have not use this indicator recently.
Coz get confused with the Session times and GMT offset.

Can see the effectiveness of RgH, as EJ now after you take profit around 116.77 RgH, it has quickly gone down.

I may let EJ ride till tomorrow or over the weekend.
EJ, don't go near my BE, ok.

Do you use RgL and RgH for your early entries like Sonic Scout to see how that works out for you ??
Foxybunny, the RgH/RgL lines are computed based on a unique, but simple enough averaging calculation, based on daily highs and lows per the broker/server. And this has absolutely nothing to do with session times (vlines) or GMT offset (affecting time shifted pivots and vlines).

A simple, perhaps less confusing chart setup would be to have pivots and vlines turned off in the SonicR Chart Panel, .....ok, maybe you might want to leave the DPV line showing, or not, per your preference. Just turn on the SonicR Clock Panel. Use the time on the clock to know when the London session begins, ends, etc. Now you have a very clean and less confusing template. The attached pics are examples.

-tah
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  • #23,007
  • Jul 7, 2011 12:29pm Jul 7, 2011 12:29pm
Quoting traderathome
Foxybunny, I'll tell you what I would like to be doing.....

Just trade pure SonicR
Just trade after the London session opens and maybe shows the way for the day, something that might entail waiting another hour for.
Just place my target(s) within the RgH/RgL area, where PA is most likely to remain, even if gains are modest.
Just place a sensible SL......and honor it!
Just get good at reacting to sudden stop outs and PA reversals, sensibly re-entering in the opposite direction

-tah

Wiser words, TAH.

Sounds like a better "TAH's Trading Plan".

You need to print it out your above post, 2 A4 copies with BIG words.
Stick one on your monitor.
Stick the other one on a wall where you are glancing at times when trading.
This may help.

Who knows, other traders may also print out and use it.
  • #23,008
  • Jul 7, 2011 12:56pm Jul 7, 2011 12:56pm
Quoting foxybunny
Watch how Sonic has uncanny eyes to spot Stopping Volume through his charts shown which are more likely signals for a turn around points.
Study his charts more closely when he mentioned he will NOT go short, and he will NOT go long.

The other major thread "VSA with Malcolm", earlier pages, please read from the start (Page 1) there.

WOW... ok that is HUGE thread. LOL Do you have any highlight points so I know what to pay attention to on that thread. Some of what I read is a little confusing. Thanks!
  • #23,009
  • Jul 7, 2011 1:17pm Jul 7, 2011 1:17pm
Quoting TRMZXT
WOW... ok that is HUGE thread. LOL Do you have any highlight points so I know what to pay attention to on that thread. Some of what I read is a little confusing. Thanks!
What? This is a huge thead? Naw......

Ok, just take a years course in speed reading. Then, you should be able to ingest the entire thread during a weekend, ......or several!

However, the "stopping volume" craze got started in April, I think,....definately appears in May. So, I suggest you go back to April and scan Sonic's posts for the appearance of this term. Once you lock into about when it started, you can read Sonic's posts from that point forward. That should cut down on the amount of posts to read.
  • #23,010
  • Jul 7, 2011 1:30pm Jul 7, 2011 1:30pm
Quoting traderathome
Foxybunny, I'll tell you what I would like to be doing.....

Just trade pure SonicR
Just trade after the London session opens and maybe shows the way for the day, something that might entail waiting another hour for.
Just place my target(s) within the RgH/RgL area, where PA is most likely to remain, even if gains are modest.
Just place a sensible SL......and honor it!
Just get good at reacting to sudden stop outs and PA reversals, sensibly re-entering in the opposite direction

-tah
"Just place my target(s) within the RgH/RgL area, where PA is most likely to remain, even if gains are modest."

I would like to transfer the above quote to --- Look for setups within in those areas.

- as per some of my earlier posted charts showing s/r within the RgH/RgL area -hope you donīt mind Tah
"The future is already written in the past"
  • #23,011
  • Edited 1:44pm Jul 7, 2011 1:33pm | Edited 1:44pm
AU:

With USD high impact releases coming tomorrow, you can see via H4 that the price has been worked back up to a S&R level that has been acting as resistance. On the Daily, you can see that this level is significant.

If tomorrow news is anticipated to be bad for the US dollar, I have no idea why the BBs drove the price up today when they could have spent the day loading up longs at lower prices, and then drive it up tomorrow on the bad news, making more profit.

On the other hand, if the news is anticipated to be good for the US dollar, it makes sense that the BBs worked today to get the price back up in time to close longs (take profits) and get some short positions built, before they drive the price down tomorrow on the good news.

The M15 shows how twice today, the BBs used some of their money and some quick PA to drive the price higher. And it is easy to see that most of the trading activity today was done at the achieved highs. Therefore, it is logical to presume their strategy today was to get higher prices at which to close their longs, and to acquire shorts.

I am already in this short from last Friday when PA last made its trek up to this S&R area. And I should have already taken profit at the intervening lows.
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  • #23,012
  • Jul 7, 2011 1:42pm Jul 7, 2011 1:42pm
Quoting hansma
"Just place my target(s) within the RgH/RgL area, where PA is most likely to remain, even if gains are modest."

I would like to transfer the above quote to --- Look for setups within in those areas.

- as per some of my earlier posted charts showing s/r within the RgH/RgL area -hope you donīt mind Tah
What is this RgH/RgL I read about now ? Is it an indicator ?
  • #23,013
  • Jul 7, 2011 1:50pm Jul 7, 2011 1:50pm
Quoting PipDizzle
What is this RgH/RgL I read about now ? Is it an indicator ?
Nope - just s/r areas within rgh/rgl for the day
"The future is already written in the past"
  • #23,014
  • Jul 7, 2011 1:50pm Jul 7, 2011 1:50pm
Quoting PipDizzle
What is this RgH/RgL I read about now ? Is it an indicator ?
PipDizzle, for THAT question, you are hereby duly charged with gross negligence and irresponsibility, ......not to mention lazyness! All such charges are hereby deemed severe misdemeanors, punishable by threat of being ignored!

(Puuullllleeeeeezzzzzzzzzzz, READ THE USER NOTES IN THE COMPILE OF THE INDICATORS!

-tah
  • #23,015
  • Jul 7, 2011 1:51pm Jul 7, 2011 1:51pm
Quoting traderathome
Foxybunny, I'll tell you what I would like to be doing.....

Just trade pure SonicR
Just trade after the London session opens and maybe shows the way for the day, something that might entail waiting another hour for.
Just place my target(s) within the RgH/RgL area, where PA is most likely to remain, even if gains are modest.
Just place a sensible SL......and honor it!
Just get good at reacting to sudden stop outs and PA reversals, sensibly re-entering in the opposite direction

-tah
TAH, looks like a sound plan. Just one thing - placing TPs at RgH/RgL areas would not be trading price action, but indicators. My suggestion would be to remove them and place TPs at S&R.
cut losses short, let profits run.
  • #23,016
  • Jul 7, 2011 2:02pm Jul 7, 2011 2:02pm
Quoting Domas4
TAH, looks like a sound plan. Just one thing - placing TPs at RgH/RgL areas would not be trading price action, but indicators. My suggestion would be to remove them and place TPs at S&R.
Thank you Domas - you just put it in an more elegant way -but we totally agree - s/r areas come first - the rgh/rgl lines shows you where to look for them in any given day
"The future is already written in the past"
  • #23,017
  • Edited 2:21pm Jul 7, 2011 2:02pm | Edited 2:21pm
Quoting Domas4
TAH, looks like a sound plan. Just one thing - placing TPs at RgH/RgL areas would not be trading price action, but indicators. My suggestion would be to remove them and place TPs at S&R.
Domas4 and Hansma, I understand your point is not to ignore the average range, but to place TPs within the average range, at least not excessively beyond it,....but based on S&R. That is precisely what I meant by....

"Just place my target(s) within the RgH/RgL area, where PA is most likely to remain, even if gains are modest."

I did not say that RgH/RgL would be the target. I said "...place my target(s) within the RgH/RgL area.....", meaning historic PA S&R determines the TP levels, but of those levels, the choice(s) would be of those within the RgH/RgL area.

Now, if I misunderstand you, and if you are saying to simply select a S&R that looks obvious, even if excessively beyond RgH/RgL, then I am not sure about that. Yeah, PA might get there, eventually. And during that time it might be more profitable to exit and re-enter lower again, maybe more than once.

As an example, if I were to have traded AU long today (I am short on this one) I'd have set TP1 at the only level between EP and RgH, for the 20 or so possible pips profit. I might even have had a TP2 at RgH. The next S&R up, however, is just too far to be considered. The risk:reward ratio would not have been attractive, but the example serves to explain the process of setting TPs. See attached pic.

If I am off track in understanding you, or am missing something I should consider, please go on to explain more.

Thanks,
-tah
Attached Image (click to enlarge)
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  • #23,018
  • Jul 7, 2011 2:25pm Jul 7, 2011 2:25pm
Quoting traderathome
PipDizzle, for THAT question, you are hereby duly charged with gross negligence and irresponsibility, ......not to mention lazyness! All such charges are hereby deemed severe misdemeanors, punishable by threat of being ignored!

(Puuullllleeeeeezzzzzzzzzzz, READ THE USER NOTES IN THE COMPILE OF THE INDICATORS!

-tah
, lol ! I havent seen anything in the user notes about this or atleast I maybe didnt understand, geeeeezzzzzzzz... Sorry for asking
  • #23,019
  • Jul 7, 2011 2:30pm Jul 7, 2011 2:30pm
UChf:

Entered EP long = 0.8444.
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  • #23,020
  • Jul 7, 2011 2:36pm Jul 7, 2011 2:36pm
Woooow... hold on. That's not SonicR setup?!
cut losses short, let profits run.
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