Sonic R. System

I don't like your trade, although it worked ... Here are the reasons :

1) you entered early ... Few pips below the candle which closed below the dragon should be your sell, not the one you made.
2) I like to see the first leg down (first low of the setup) below the dragon for sell setup.

It was also the 2 reasons which made me not to take the trade. Sorry, but I'm not the one who support trades which "wins", I support trades which are according to the rules, whatever the result is.

Regards,
Basber

I'd discussed this in on of my classes today ... I really like this one :



"One basic market truth is that you can't win if you HAVE to win. The very need to win will poison the trade".

- From "The New Market Wizards" - "Jack D.Schwager



Just thought it was nice to bring it up here ...

Regards,
Basber

please tell more about classes ?

"I like to see the first leg down (first low of the setup) below the dragon for sell setup." - Basber

Dang! That is one very clever and observant statement! I love your posts, Basber.

Sonicdeejay, ddaytrader and Basber......The Three Musketeers of the pure Sonic R. System!
And when it comes to consistently pure Sonic R. System trades, Muhammed989 must be the Fourth Musketeer!

A current, brief statement of the Sonic R. System should probably be tweeked to be....

1. London session

2. PA Wave at S&R showing potential bounce or breakthru

1. L-H_HL for longs, with first H above Dragon
2. H-L-LH for shorts, with first L below Dragon

3. Dragon angle up for longs and down for shorts

4. Entry price above Dragon for longs, and below Dragon for shorts

1. several pips beyond end of first exiting candle
2. but not if more than 20 pips away from Dragon

[quote=traderathome;4784685
Sonicdeejay, ddaytrader and Basber......The Three Musketeers of the pure Sonic R. System!
And when it comes to consistently pure Sonic R. System trades, Muhammed989 must be the Fourth Musketeer![/quote]

You just forget yourself TAH ..

Regards,
Basber

I teach trading in my hometown. It had nothing to do here ...

Regards,
Basber

Interesting situation in AU:

1.) H1 chart: PA at major S/R zone. The Priceline to the left shows it on its own.

2.) H15 massive drive down may indicate the direction. however the actual level of 1,063x is a MoB (make or break) level

UCad:

Compliments of Muhammed989 and Basber, here is an example of pure Sonic R. System trading.

Sonic R. System Rules
1. Trade only in London session.
2. PA Wave shows bounce or breakthru at S&R, with 1st leg ending above Dragon for longs and below Dragon for shorts.
3. Dragon angle is up for longs, down for shorts.
4. Entry price is above Dragon for longs, below for shorts; just beyond exiting candle if within 20 pips of Dragon.
5. Stop loss beyond start of leg 1 or 3, or choice in between.
6. Targets based on S&R.

The Charted Trade Below
1. A London session (vertical line) trade
2. PA Wave (blue) shows breakthru and retest of whole number S&R, and Leg 1 ends below Dragon
3. Dragon was angled down at entry
4. Entry price (blue) was just below first candle exiting Dragon on leg 3 (yellow)
5. SL selections shown in red
6. TP selections shown in green, with the lowest based on S&R from Daily.

As you can see, PA moved up again from the bottom of leg 3 (a second test of S&R just broken by PA Wave), but not be enough to trigger SL above leg 3. And from that point on, the trade ran very well. TP1 is based on previous low at extreme left on chart. TP2 is RgL. TP3 was found as an obvious level on Daily chart. Sometimes it pays to look for a TP beyond the range targets by a reasonable amount.

Nice explanation. It can't get clearer. You should mark this post for future questions like "I have red through all the pages BUT How does this system work...!?" ;-)

Thanks BennFX. And I agree with your recommendation. Let's recommend that to Sonic!

Sonic, Benny and I have a recommendation for you. Include

http://www.forexfactory.com/showthre...28#post4784828

as an up-to-date example of a pure Sonic R. System trade.....

.....in Post #1, and in a spot there that CANNOT POSSIBLY BE OVERLOOKED.

I agree with you on this, bennFX. The 1.603x area is one of significant S&R, which looks to extend from 1.0649 down to 1.0618. Next week might start off with the BBs working it back up for some for continued advantaged trading at higher prices before they drop it soundly down thru this area to some lower S&R. Just a possibility, based on how they tend to play the market. Just a guess on my part, but that could mean a revisit to the 1.0700 area before a big drop down. Who knows?

Sonic has taught that Fridays are stop loss hunting days. I found a good example of this with UCad in the last 40 minutes of the day.

Some opportunistic BBs, still at work after most had already quit for the day, began a Grind & Grab maneuver, grinding down the price, and grabbing (buying) whatever they found as they worked the price lower and lower. "Buying" means they could have either been closing shorts for profit, or opening longs for future profit, or both. Either way, there is no question that they were NOT working the price lower so they could buy shorts and close longs!

The PV study shows the highest activity at the lowest prices (see green bar as example). This belies the probable true extent to what was going on, meaning the bars only count trades, not size of trades. My bet is that some of the trades at the bottom were huge compared to all the others.

As time ran short, in the last 10 minutes, the surge of trading started to drive the price back up, which is more confirmation of last minute buying of whatever the market liquidity could handle.

Stop loss hunting can be a great indicator of future price direction. This 40 minute maneuver is extremely BULLISH and may fortell that some outfit believes next week the UCad is going to be an exceptional upside performer.

Have a good weekend, Sonikers.

Regards,
-tah

*My stop loss is the "escape plan" - no need for any other, as that is exactly what a stop loss is to do - close the position if (and only if) the market proves you wrong.

* This is a trend following system - no TP's, just a trailing stop loss. For now, the initial stop loss is in effect. The stop loss will not move until the trade moves in my favor, retraces against me, and then proceeds again in my favor.

* The exit strategy is to be taken out at the initial stop or a trailing stop.

* The objective of any successful system is not to avoid all losses. The objective is to keep losses small and wins big. It is not unusual for me take a couple of 150-200 pip losses before the trend really gets moving in my favor. Once it is moving in my favor, the cumulative profit with pyramiding of positions is often several thousand pips (see my GBP.CHF example). This system only works if you let it. If you are going to try to make it "better" by trying to loss-proof it through additional "escape plans," you may as well not trade it at all. You will be disappointed, because such escape plans will only ensure that your losses will be many and small, and your profits will be few and small.

Upgrade Release of TAH Sonic R. Indicators:

User notes are provided in the compile of each indicator, which will answer most questions. And questions not answered probably will be with just a little use of, and experimentation with the inputs to, these indicators. Please read and reflect on the user notes, and experiment with the indicators, before asking any questions.

Once the indicators are installed into MT4 you can access the user notes. In the main MT4 window there is a yellow diamond icon with "i" in it. Click on it to open the MetaEditor, where you will find a list on the right that includes "indicators", where you will find the indicators you want to "open" in order to see the user notes at the top of indicator compile (code). Double click on any such indicator in the list and the code for it will appear in the MetaEditor window. You can scroll down the code to view. You will find user notes near the top.


Summary of Indicators and Changes:

SonicR Chart Panel
Places market data panel in upper left of chart. Also, it is a multi-function, creating....
1. custom bid line
2. background levels (whole, half, quarter numbers)
3. daily pivots of broker server
4. average range H/L lines
5. day separators
Several coding corrections/improvements have been made, and are listed in the User Notes. Most notably, labels are now provided for Levels, Condition #2 for display of RgH/RgL lines is changed, and the code is removed for vLines and TzPivots, completely eliminating the need for GMT/DST inputs. CaveMan's code that prevents bunching up of broker server pivots folllowing short days and holidays is retained.

*Thank you, CaveMan, for your benchmark work.


SonicR Clock Panel
An extension panel clock showing various market open/close times. Turn it on and use it to trade the London session.

*Thank you, pips4life, for the clock core code.


SonicR Dragon-Trend
Displays both, with separate On/Off controls. The Trend indicator is an option to the Sonic R System, so it is included. It is best if PA is above the Trend for longs, and below for shorts. Previously, the M15 configuration of the Dragon could be displayed on M30 and H1 charts. The coding has been expanded to allow user choice of Dragon displays on M30, H1, H4 and D1 charts. For example, now the H4 chart can optionally display the Dragon configuration from the M15, M30 or H1 chart. This option can be turned On/Off for each individual TF that it is provided for. Just turn each of them off if you prefer the normal display of the Dragon.


SonicR FFCal Headlines
Displays 4 headlines color coded for High, Medium, Low and no impact, and Bank Holidays. Fully automated prioritization of headlines helps avoid unpleasant surprises, and will now show multiple simultaneous High Impact events. News for any country can be shown on any chart. The indicator is useful to provide some forwarning of possilble high volatility events.

*Thank you Derk Wehler, and other contributors, to the core code of the original FFCal indicator.


SonicR S&R Lines
This is a new indicator….
1. accepting input numbers for S&R lines directly into the code/compile allowing for unlimited entries and easy maintenance of the numerical sequence
2. managing the display of the lines, meaning all the various ways of displaying horizontal lines that are coded into the SonicR Chart Panel are also coded into this indicator

There is no known coding (fractal or otherwise) that can pick up "best" locations for S&R line placements; there are too many variables involved. The eye, however, can quickly discern these best locations. Therefore, this indicator does not compute S&R, but relies on the user to input S&R line values directly into the code.

The way to use this indicator is, for example with EU, enter the S&R line data into the compile and save with "EURUSD" added to the indicator name (SonicR S&R Lines EURUSD). Now you have a S&R line generator indy specifically for EU, which can be added to any EU chart whenever you want to. You could make a "series" of this indy, one for each pair you trade with the pair IDs in the indy names. The S&R lines that are so carefully selected, can be stored via the indys, and applied to the appropriate charts whenever needed. The user notes explains in detail where and how to enter your S&R line values into the code; a very easy process. The notes also explain how to easily manage changes as time goes on, keeping the list of S&R levels expanding, always sequentially ordered for your own convenience, and with just the range of lines you want being displayed, and the rest easily made active anytime.

Each S&R indicator is for a separate pair, and requires the symbol to be input. Thus, these indicators for different pairs can be added to a template. Only the indicator for the pair shown on the chart will activate. The SonicR S&R EURUSD indicator and several other "starter" indicators are provided as examples.


SonicR PV Candles
This indicator colors some candles according to the SonicR PV indicator price-volume situations, making correlation easier.

Coding changes/corrections/improvements from predecessor indicators are the addition of buffer clearing, the ability to specify width when wide candles are selected, and the addition of a % factor applied to climax price-volume candles to enable more to be shown. A % factor for rising volume candles already exists for the same reason.

*Acknowledgement is hereby given to enigma4x and his CandleVolume indicator, serving as inspiration to create an indicator based on the SonicR VA indicator code.


SonicR PV
The use of a volume indicator with the Sonic R System is recommended by Sonicdeejay. To date, three different forms of volume indicators have been used; some form of the NVO indy, some form of a Volumes Enhanced or SonicR Volume indy, and some form of a "volume spread analysis" indy. This indicator is a hybrid, partly SonicR Volume and partly VSA. It displays a normal volume histogram, color coded for above average volume bars and for climax price-volume up/down bars. The three most important things to look for in volume are....
1. high/rising volume near the start of legs #1 and/or #3 (bottom areas of Wave for longs, top areas of Wave for shorts)
2. rising volume during Leg#2 of the PA Wave
3. high/"stopping" volume during a run (especially if PA has achieved a S&R area)

Coding changes/improvements from predecessor indicators are the ability to specify width when wide volume bars are selected, and the addition of a % factor applied to climax price-volume bars to enable more to be shown. A % factor for rising volume bars already exists for the same reason.

*Acknowledgement is hereby given to the Better Volumes indicator (author unknown), from which some coding is used.


SonicR TzPivots
For those that want time zone shifted pivots, this indicator is provided for both black and white charts, upgraded to provide all the horizontal line display functionality of the SonicR Chart Panel. For the time zone shifted pivots to function properly, you must correctly input:
1. "DST_Server_GMT_Offset"
2. "DST_Choice_GMT_Offset"
3. "DST_Zone"
Read the user notes in the complie of the indicator to learn about this.

*Our debt of gratitude is owed to CaveMan for the pivots time zone shift code, which also handles partial day situations for both broker and time zone shifted pivots, and also for the automated DST changeover code. Thank you, CaveMan!


Summary of Templates

Templates are provided for both black and white charts. The only difference between templates with and without the "pv" designation is the inclusion, or not, of the SonicR PV Candles indicator and a change in the color of the centerline of the Dragon. Templates designated "a" (acute) are of normal candle width/zoom setting. Templates designated "b" (bold) are zoomed in one setting, for the next wider candle display. These templates are provided only as examples.

All the templates provided have the horizontal line display of Levels, broker pivots and range lines set to line input #4, and shifted towards the right chart border, and with all labels turned off except for the range lines. Price inclusion in the labels is turned off. Experiment with line and label settings to produce other template displays.

Nice!!
That the way grandma likes it..


Thx TAH..

Sonic

I hope everyone respects this request by TAH. He generously donates so much of his time and talent to provide us Sonikers with this template service, we owe it to him and to ourselves to study and learn these indicators for ourselves - and that will be best accomplished by "on the job training," and not by blasting a bunch of questions back to TAH.

TAH,

Thank you for all the work you do - a very nice job, indeed!

Thank you so much Tah - easy clean templates as usual. Easy to play around with ....

"IF YOU READ THE USER NOTES"

So please do that ...

Thanks again Tah

Deciding on what is a good S&R level can be a process, and require time. It is easy to pick levels off the Daily and H4 charts, even the Weekly sometimes. But when they are entered into you S&R indy for the pair, when displayed on M15 for some days or weeks, particular levels might not seem so valid. Yet levels right near them might seem to be more the true s&R. So, it is a process of seeing over time, how PA responds to those you have initially selected.

In time, you may decide to comment out "//" a line here and there, and put in other llines just above or below them, to try that out for a while. The bottom line is that S&R major areas might not change much, but might be reflected in slightly different level numbers from time to time. So, deciding on what level numbers to use, to "finally" settle on, could take some time.

Hence, your list of S&R in the indicator might end up with a number of commented out line values, those entered at one time or another, but which have currently taken a back seat to another line nearby that seems more the true S&R area. I encourage you to not delete S&R lines entered. Leave them in the list, but commented out until a lot of time goes by and you have much more reason to believe they are not valid.

For example, here is the list from the sample SonicR S&R USDCHF indicator:

//S&R Lines data to subroutine....................................
//Highlight/copy/paste to duplicate/add lines for new entries
//Highlight/cut/paste to relocate entries to keep sequential order
//Begin line with "//" to not display
//Highlight/cut to remove a line..................................

DrawLines("S&R", d1, 0.88773, d2, d3, d4);
DrawLines("S&R", d1, 0.88383, d2, d3, d4);
DrawLines("S&R", d1, 0.87993, d2, d3, d4);
DrawLines("S&R", d1, 0.87575, d2, d3, d4);
DrawLines("S&R", d1, 0.87101, d2, d3, d4);
DrawLines("S&R", d1, 0.86591, d2, d3, d4);
DrawLines("S&R", d1, 0.86262, d2, d3, d4);
DrawLines("S&R", d1, 0.85938, d2, d3, d4);
DrawLines("S&R", d1, 0.85638, d2, d3, d4);
DrawLines("S&R", d1, 0.85491, d2, d3, d4);
//DrawLines("S&R", d1, 0.85380, d2, d3, d4);
DrawLines("S&R", d1, 0.85218, d2, d3, d4);
//DrawLines("S&R", d1, 0.85086, d2, d3, d4);
DrawLines("S&R", d1, 0.84965, d2, d3, d4);
DrawLines("S&R", d1, 0.84813, d2, d3, d4);
DrawLines("S&R", d1, 0.84611, d2, d3, d4);
//DrawLines("S&R", d1, 0.84510, d2, d3, d4);
DrawLines("S&R", d1, 0.84436, d2, d3, d4);
DrawLines("S&R", d1, 0.84223, d2, d3, d4);
DrawLines("S&R", d1, 0.83942, d2, d3, d4);
DrawLines("S&R", d1, 0.83627, d2, d3, d4);
DrawLines("S&R", d1, 0.83394, d2, d3, d4);
DrawLines("S&R", d1, 0.83020, d2, d3, d4);
DrawLines("S&R", d1, 0.82743, d2, d3, d4);
DrawLines("S&R", d1, 0.82393, d2, d3, d4);
DrawLines("S&R", d1, 0.82120, d2, d3, d4);
//DrawLines("S&R", d1, 0.82029, d2, d3, d4);
DrawLines("S&R", d1, 0.81811, d2, d3, d4);
//DrawLines("S&R", d1, 0.81612, d2, d3, d4);
DrawLines("S&R", d1, 0.81538, d2, d3, d4);
DrawLines("S&R", d1, 0.81248, d2, d3, d4);
DrawLines("S&R", d1, 0.80987, d2, d3, d4);
//DrawLines("S&R", d1, 0.80919, d2, d3, d4);
DrawLines("S&R", d1, 0.80760, d2, d3, d4);

As you can see, some entries were commented out, in favor of some nearby other level that currently seems more valid.

Also, as you can see, sharing your S&R list with others is as simple as using "copy and paste" to capture you list from your indicator, and paste that list into a post, so that other Sonikers might be given a helping start. Such a list appearing in a post can be easily recopied and pasted into a S&R indy created for that forex pair! If a list is already in the S&R indy, in its entirety it can easily be commented out with "/*" on a line before the beginning of the list, and with "*/" on a line after the end of the list. You do not have to comment out every line in your original list with "//". This way, the original list is retained, but not displayed. And the new list can be added below it by the copy/paste method, and used for display.

So, in the future, if you have a good list to share, please do so. If you have a differeing list from what you see being used in the posts of others, and good reason to believe some of your levels are more correct, please share with remarks on that.

If this indicator proves worthy over time, then perhaps in time we can have a link in Post#1 to a library of S&R values/indys being maintained for the most recommended pairs.

Regards,
-tah

you always make things better when others see that was the best. great work!! TAH..

If any had trouble with the SonicR Chart Panel (Black).mq4 indicator in the zip file, I have just now removed/replaced that indicator. Download the zip again.

Sorry for any inconvenience to the "early birds".

Regards,
-tah