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Sonic R. System

  • #23,701
  • Jul 22, 2011 4:56am Jul 22, 2011 4:56am
UCad:

Nothing is moving right now. Call it what you want,....consolidation, churning, loading, unloading.......it ain't movin'!

But there are some "potential" setups, some nice ones. UCad is one. Price has been rejected already three tims at the lower quarter number area. Ok, suppose the US team comes on board and strikes it down again,....one last opportunistic grab, and then they all send it on its way up.

What is nice is that the "potential" PA wave is suggesting a bounce up from the half number area, with all the "preparations" being done on the side that will be more profitable with a move up.

......just have to wait and see......
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  • #23,702
  • Jul 22, 2011 5:14am Jul 22, 2011 5:14am
EJ:

And, how about this one, with the potential for 100 pips! Multiple rejections at the upper quarter number (excepting one bust thru for high volume trading at the attained highs). So, suppose the US team also drives it up, too. Ok, once that is over with, down she goes? A break down thru the whole number current support?

It is not like the euro side is not high enough now to afford a wee bitty retrace.......

But for now, ........sideways. If anything remarkable is going to happen on various pairs, it is more looking like it will be in the US session part of the London session.
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  • #23,703
  • Jul 22, 2011 5:25am Jul 22, 2011 5:25am
US debt ceiling issue is in play now...mkt will become more alive on US opens..
Not the economic numbers!!!

And it is Friday, be easy with your ammo...

Sonic
  • #23,704
  • Jul 22, 2011 5:52am Jul 22, 2011 5:52am
Quoting sonicdeejay
US debt ceiling issue is in play now...mkt will become more alive on US opens..
Not the economic numbers!!!

And it is Friday, be easy with your ammo...

Sonic
The London BBs may have already revealed their play....

......Yeah, I know. Wait for the market to decide. Wait for a proper setup.

Just commenting. I am sidelined on this one for the while.
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  • #23,705
  • Jul 22, 2011 5:58am Jul 22, 2011 5:58am
Quoting traderathome
UJ:

Entered EP long = 78.59.
Killed the SL for the upcoming US open. Volatility. And might add if the price gets spiked down with stopping volume. As it is, as the price is being worked lower, the trading is increasing. Which I take as a good sign.
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  • #23,706
  • Jul 22, 2011 6:00am Jul 22, 2011 6:00am
Quoting traderathome
The London BBs may have already revealed their play....

......Yeah, I know. Wait for the market to decide. Wait for a proper setup.

Just commenting. I am sidelined on this one for the while.
Yes Sir..
Mind seems clearer if u take a set back..
1.438x could be a pin for free fall...

I am still bullish bias..
Sonic
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  • #23,707
  • Jul 22, 2011 6:14am Jul 22, 2011 6:14am
Quoting traderathome
UCad:

Nothing is moving right now. Call it what you want,....consolidation, churning, loading, unloading.......it ain't movin'!

But there are some "potential" setups, some nice ones. UCad is one. Price has been rejected already three tims at the lower quarter number area. Ok, suppose the US team comes on board and strikes it down again,....one last opportunistic grab, and then they all send it on its way up.

What is nice is that the "potential" PA wave is suggesting a bounce up from the half number area, with all the "preparations"...
There it went north - US is back in the space program
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"The future is already written in the past"
  • #23,708
  • Jul 22, 2011 6:26am Jul 22, 2011 6:26am
Quoting hansma
There it went north - US is back in the space program
A strong buying surge. They know the US BBs will want to also, and will have to bring the price back down for the advantage. So, the London gang went ahead with some buying. When the US BBs bring it down again, the London BBs will put on another buying spree, taking double advantage. Think?
  • #23,709
  • Jul 22, 2011 6:41am Jul 22, 2011 6:41am
Quoting traderathome
A strong buying surge. They know the US BBs will want to also, and will have to bring the price back down for the advantage. So, the London gang went ahead with some buying. When the US BBs bring it down again, the London BBs will put on another buying spree, taking double advantage. Think?

I believe this move was just stophunting for clearing the next level upwards, and they used the news as their excuse. I believe the real target is higher up
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"The future is already written in the past"
  • #23,710
  • Jul 22, 2011 6:53am Jul 22, 2011 6:53am
Quoting hansma
There it went north - US is back in the space program
Hansma, I loved your idea of ​​EP, SL and TP's with FE ... I'm testing it this week and it works fine! Thanks!

It is a way of working with fixed levels and leave nothing for the emotions, just set pending orders and go away from the screen.

I modified the EP for a bit more conservative (-38.2) one that fits with the PA almost always above or below the dragon.

Here any trades this week...always folloing the big wave

Best Regards.
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"Being picky only cost your time - not MONEY"...Hans
  • #23,711
  • Jul 22, 2011 7:01am Jul 22, 2011 7:01am
Quoting traderathome
Killed the SL for the upcoming US open. Volatility. And might add if the price gets spiked down with stopping volume. As it is, as the price is being worked lower, the trading is increasing. Which I take as a good sign.
UJ:

Added EP2 long = 78.39. Nice stopping volume. Still have SL killed due to possible high volatility. If this runs up well, I might utilize the TP2.
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  • #23,712
  • Jul 22, 2011 7:05am Jul 22, 2011 7:05am
Quoting nando_rich
Hansma, I loved your idea of ​​EP, SL and TP's with FE ... I'm testing it this week and it works fine! Thanks!

It is a way of working with fixed levels and leave nothing for the emotions, just set pending orders and go away from the screen.

I modified the EP for a bit more conservative (-38.2) one that fits with the PA almost always above or below the dragon.

Here any trades this week...always folloing the big wave

Best Regards.
Hi Nando - Am very pleased to find that it works for you

I just use the 24.00 as an earlier entry - but thats a personal reference due to my dragon settings of 89. (-38.2) as you use may be more approbiate for the rules in the Sonic system. Good luck with it.

Regards,
Hans
"The future is already written in the past"
  • #23,713
  • Jul 22, 2011 7:06am Jul 22, 2011 7:06am
Quoting traderathome
A strong buying surge. They know the US BBs will want to also, and will have to bring the price back down for the advantage. So, the London gang went ahead with some buying. When the US BBs bring it down again, the London BBs will put on another buying spree, taking double advantage. Think?
I luv your stories much more then ++ HARRY POTTER ++
youre stories are real thrillers,,,
aligater
Attached Image
born to speculate
  • #23,714
  • Jul 22, 2011 7:21am Jul 22, 2011 7:21am
Quoting traderathome
If your first chart is what you want, it looks like yoo want the lines to be displayed for just the current session.

In the External Inputs window, Part_4, note2.....read it. Then input that appropriate number for each line you want displayed that way.

To force a space between current candle and chart right border, right click on chart, select Properties, select Colors tab. Now, input a color you can see for Grid. This will put a marker in upper right of chart. To create the space you want, grab that marker by left click and hold.....drag it...
Hi TAH,

Thanks for your prompt reply. It's the second chart that I wanted, edited after I posted, so it seems that you are too fast in your kind response to catch my amendment.

I had changed the horizontal lines display settings to 2 (current session), so it sort of meet my need. However, there is a "space" between the right border and the last bar, which I observed the same in your charts.

Also, in your latest release of indicators, the labels of London Open and close are gone. Anyway to get these lables back?

Pasted here is my previous post to the pic I posted. http://www.forexfactory.com/showthre...87#post4801487
  • #23,715
  • Jul 22, 2011 7:24am Jul 22, 2011 7:24am
Quoting traderathome
AU:

Entered short.
EP2 short = 1.0870. This was a valid SonicR short trade when initiated with EP1 short = 1.0717. So I feel ok about this addition. I removed the SL. It should have been real tight to begin with, or not at all. It became not at all. Anyway, I see prospects for this to retrace down somewhat. If not today, then next week.
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  • #23,716
  • Jul 22, 2011 7:27am Jul 22, 2011 7:27am
Tah you have high level imagination,,,
born to speculate
  • #23,717
  • Jul 22, 2011 7:33am Jul 22, 2011 7:33am
Quoting Takpip
Hi TAH,

Thanks for your prompt reply. It's the second chart that I wanted, edited after I posted, so it seems that you are too fast in your kind response to catch my amendment.

I had changed the horizontal lines display settings to 2 (current session), so it sort of meet my need. However, there is a "space" between the right border and the last bar, which I observed the same in your charts.

Also, in your latest release of indicators, the labels of London Open and close are gone. Anyway to get these lables back?

Pasted here is my previous...
You can narrow the space same way as widening it. The vLines and shifted time zone pivots were removed due to so much difficulty with people not even bothering to read the instructions and set them up properly. Nothing is better than something wrong. Anyway, the Clock Panel is just as accurate in displaying the open times of markets, and keeps the chart much cleaner.
  • #23,718
  • Jul 22, 2011 7:50am Jul 22, 2011 7:50am
Quoting traderathome
...alas, I have been forbidden by myself from adding to current trades. Only to trade pure SonicR ...
TAH, you have done so very much for Sonic, SonicR, and all of us Sonikers. It is now time for us to do something for you: I pledge, here and now, to do everything I can to help you achieve your goal of trading pure SonicR. I want all other Sonikers to make and keep the same pledge with me. When you stray from the path that Sonic has marked out for us in the first post of this great thread, it will be my duty to you to help show you the way back to that path.

Quoting traderathome
Killed the SL ...

Let us start right here, my friend - Lifting your stop loss is not SonicR at all.


And what happens, good buddy, if price continues to fall against your long?


Well, in the past, you would buy more with "EP2".


And then EP3 ... EP4 ...

You cannot let that happen any longer!


TAH, you need to make peace with the fact that, as Sonic says in the very frst post of this thread, "You will win, but you will lose too." Trust me bud, it is ok to lose. Losing is freedom. Losing simply means we are now free to move on to the next SonicR opportunity.

There is absolutely no excuse for why, after all these years with SonicR, you are still making posts like "killed the stop loss."

It sets a bad example for new Sonikers.

Have you ever seen Sonic post that he moved the SL? No.

But I have seen plenty of posts from him and me where we say, "SL hit."

That is what we mean when we say, "Let the market decide."

SonicR needs the trader to do three things in order to work, and you cannot skip anyone of them without underming "pure" SonicR:

1) SonicR works when you trade with the general trend. You trade too often counter trend.

2) SonicR works when you trade with the waves and S/R. You too often substitute your volume analysis for wave analysis and S/R considerations.

3) SonicR works when you excercise proper money management. You have absolutely the worst money management approach I have ever seen from someone who has traded as long as you have.

Stop trading counter trend, take a break from your volume indicators and go SonicR "primitive," and please, please, please, learn to use prudent money management and get used to taking losses. Trust me, so long as you continue to let your losses run, you will forever be short-changing your profits.

-ddaytrader, forever leading those who have strayed back to the path of (large) profits and (small) losses known as SonicR
  • #23,719
  • Jul 22, 2011 8:00am Jul 22, 2011 8:00am
TAH
we want to help you ,but it is not possiblle, with all due respect if you are not helping yourself first,,,,,,,,,
I see no reason why add on this Aud Usd trade,,
please help yourself.

aligater
born to speculate
  • #23,720
  • Jul 22, 2011 8:01am Jul 22, 2011 8:01am
Quoting traderathome
EP2 short = 1.0870. This was a valid SonicR short trade when initiated with EP1 short = 1.0717. So I feel ok about this addition. I removed the SL. It should have been real tight to begin with, or not at all. It became not at all. Anyway, I see prospects for this to retrace down somewhat. If not today, then next week.
With pure SonicR, there should be no EP2, unless it is adding to an already profitable position. You continue to add to your losers!

In general, I consider it to be of no one's business what size any of us is trading. But TAH, if you are going to continue to post these "losers averaging losers" trades, you should be obligated to post the size of your trade at each EP. At least post the relative size of each trade, e.g. I trade one unit at EP1, and I added two units at EP2, Six units at EP3, etc. This strategy is position size dependent. If you are going to set the bad example, then you need to show us the real risk you are taking on.

Fair is fair, buddy.

And I reiterate: SonicR requires a firm stop loss. There is no such thing as "SL should be tight or not at all. It became not at all." Such trading is reckless, and posting such recklessness without telling us your position size if irresponsible.

Come on, TAH. Why do you have such a fear of losing that you continue with these anti-Sonic habits?
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