Sonic R. System | Page 1203 | 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

  • #24,041
  • Jul 28, 2011 1:03pm Jul 28, 2011 1:03pm
[/quote]With the Supply & Demand indicator which I have used the same also a bit, keep in mind those boxes do keep changing as it re-paints, sometimes it still may be useful to draw those Demand & Supply zones manally.[/quote]


Of course - but it helps you spot zones faster - as always use your own judgement as you would with any indicator
"The future is already written in the past"
  • #24,042
  • Edited 3:32pm Jul 28, 2011 3:11pm | Edited 3:32pm
EU Comment:

Yesterday (Tuesday) the Market got rattled by rumor of agreement in US debt issue, and sold off. News came out to say that it was reaction to Greece default issue, but the Greece default issue is way old news with nothing new all that day.

Time is running out on the US debt issue. Nobody truely expects there will not come an agreement. One could come at any time now. This realization has caused the Market more caution, and more selloff today.

The facts are the euro is sucking fumes,.....real problems without agreed to solutions. Germany is the strongest commerce in the union, and it disagrees with current proposals on Greece default. The US economy is turning, and the debt ceiling issue will be resolved. When that happens, there will be nothing but hot air and the euro investors to hold the euro up.

EU PA has come to support and bounced. The trip down broke thru the LT on H4 chart. The bounce has been back up to the TL. There is now a greater chance the Market will end the week with PA at the lower range line than the upper range line. And if the US congress does manage an agreement on the US debt ceiling this week, and in a way such as to preserve credit rating, EU PA could fall thru the lower range line, maybe to the next support level below.
Attached Image (click to enlarge)
Click to Enlarge Name: # july 28, 2011 - 255.gif Size: 20 KB
  • #24,043
  • Jul 28, 2011 3:22pm Jul 28, 2011 3:22pm
Quoting hansma
Sonic,

Here it is - itīs the same one I use.

Regards,
Hans

Thanks very much! Very nice!
  • #24,044
  • Jul 28, 2011 3:34pm Jul 28, 2011 3:34pm
Quoting traderathome
....real problems...
Indeed, many problems, but let us start with your trendline. Why do you place your trendlines as you do instead of across the low prints where it belongs? The market dictates where the trend is, my friend, it is not subjective.

-DD
  • #24,045
  • Edited 5:20pm Jul 28, 2011 3:43pm | Edited 5:20pm
Quoting ddaytrader
Indeed, many problems, but let us start with your trendline. Why do you place your trendlines as you do instead of across the low prints where it belongs? The market dictates where the trend is, my friend, it is not subjective.

-DD
Trendlines are just another form of S&R. PA overshoots and undershoots S&R all the tme. That is why S&R is more appropriately referred to as an "area" rather than an exact "level".

To keep the chart as uncomplicated as possible, I stayed with drawing "Levels" instead of "areas". Had I drawn "areas" I would have drawn two lower TLs scribing the upper and lower boundaries of the channel lower support area.

Irregardless, the trend is visually depicted just as the market dictates. Never will a few pips in a placed S&R line change that. If you want the dots connected, ok, here it is (pic1), emphasizing the thrust thru the lower TL area as the Market sells off,.....skiddish of an impending agreement on the US debt ceiling.

However, one could argue that connecting dots does not necessarily add up to the best placement of TLs, so there is another choice (pic2), showing PA in lower channel support area now, but not down and out of it. To this chart I've added another S&R line at the top, which shows PA broke support and is trading between two S&R areas, as well as between the two TLs marking the upper/lower boundaries of the channel support area.

Either way, the point is the same. A break of the 1.4260 S&R area spells trouble for EU Bulls.

Geez, ddaytrader! You want things simple, then you make it so I have to go to great lengths to explain something which I originally presented in simple fashion. And with no change in the conclusion, either,.....A break of the 1.4260 S&R area spells trouble for EU Bulls, with the next two support levels down as possible targets, one of which is also the Week range low area.

I agree the Market dictates the trend. However, drawing S&R, including TLs is subjective, especially when drawing lines that represent areas. Every day, the market shows this subjectivity by making a level somewhat this side of, or somewhat that side of a Daily/Weekly S&R line, the level it decides to respond to.
Attached Image(s) (click to enlarge)
Click to Enlarge Name: # july 28, 2011 - 256.gif Size: 21 KB
Click to Enlarge Name: # july 28, 2011 - 257.gif Size: 24 KB
  • #24,046
  • Edited 5:29pm Jul 28, 2011 5:14pm | Edited 5:29pm
UChf:

Quite the "ranger" is this pair! And the US debt ceiling issue, more than the sucky euro issue, is the driver right now. Any agreement, or perhaps even a good rumor of an agreement could send this rocketing out of the range.

Right now, the Market has the price in the lower half of the range, which is a good place from which to start a drive up. Also right now, we have a PA Wave L-H-HL, which would be good for a later SonicR long setup breakout,....if the wave holds. Anything can happen this last day of the week. Even if there is no agreement today, if the Market anticipates one over the weekend, might it make moves today?

Today could be very interesting, and due to the extent of ranging, this pair in particular could be a good one to keep an eye on.
Attached Image(s) (click to enlarge)
Click to Enlarge Name: # july 28, 2011 - 258.gif Size: 34 KB
Click to Enlarge Name: # july 28, 2011 - 259.gif Size: 24 KB
  • #24,047
  • Edited 7:11pm Jul 28, 2011 6:20pm | Edited 7:11pm
Quoting sonicdeejay
I am seeing 1.434x as resistance.. I will put TP 1 and 1.440x as TP 2 there...

Sonic
Almost hit tp1.. But didn't..
Anyway put SL @ BE now..

Don't wanna risk much during Asian Session..
Voting in progress I suppose

Sonic
  • #24,048
  • Jul 28, 2011 8:18pm Jul 28, 2011 8:18pm
Quoting nando_rich
The fibo tool is the mt4 fibo extension.

The levels what i'm using:

-0.24 = sl
0= Base C (of ABC pattern)
0.38= Entry Point
1 = TP1
1.27 - 1.38 = TP2 zone or possible reversal point.

It maybe a mecanical way to fix trading levels.

I expect it help you.

Regards.
Thanks Nando.
This helps to understand what you have done.
  • #24,049
  • Jul 28, 2011 9:19pm Jul 28, 2011 9:19pm
EU:

I shouldn't be surprised if something like.......
Attached Image (click to enlarge)
Click to Enlarge Name: # july 28, 2011 - 260.gif Size: 32 KB
  • #24,050
  • Edited Jul 29, 2011 6:21pm Jul 28, 2011 9:25pm | Edited Jul 29, 2011 6:21pm
Hey big guy. Where did you get that red and green indicator on the top right side of your chart? Do you have the site address? How much does it cost? BTW, some nice charts...congrats.
  • #24,051
  • Jul 28, 2011 10:11pm Jul 28, 2011 10:11pm
Quoting sonicdeejay
Almost hit tp1.. But didn't..
Anyway put SL @ BE now..

Don't wanna risk much during Asian Session..
Voting in progress I suppose

Sonic
Woah... that was quick. TP1 hit @ 1.436xx near 100 pips

Hooray!!!

Sonic
  • #24,052
  • Jul 28, 2011 10:12pm Jul 28, 2011 10:12pm
what happened???
Attached Image (click to enlarge)
Click to Enlarge Name: eu07291.gif Size: 20 KB
  • #24,053
  • Jul 28, 2011 10:23pm Jul 28, 2011 10:23pm
Quoting ldytzhi
what happened???
Attachment
What happened?

The mkt has decided..

Sonic
  • #24,054
  • Jul 28, 2011 10:38pm Jul 28, 2011 10:38pm
Quoting sonicdeejay
What happened?

The mkt has decided..

Sonic
Motive, please.

Ok, why would the Market move the price up during a period of no news?

A logical reason is that it is an opportunity to move the price in the direction where, when the time comes for the "news inspired move", the price will be at a better spot for making profits on the move. The Market moves prices the way a tennis player moves the racket. If the ball is to go far and fast in one direction, the racket is extended in the other direction in preparation for striking the ball.

So, if the "news inspired move" were to be down, then meanwhile the Market is going to move the price up.

Do we know which way the Market will be inspired to move the price at the next big news (agreement reached to raise US debt ceiling)? No. Are there other explanations for the bump up? Maybe (but I doubt it). Well, if that is the case, then how should we consider all of this?......


.......The Market has decided.
  • #24,055
  • Edited 10:57pm Jul 28, 2011 10:40pm | Edited 10:57pm
Quoting pipphunter
here is my EU trading plan for the week, bare in mind that, the plan could change as the situation develop.

EU 15M cassic Sonic R trade.
1. H1 & H4 trend up. (I don't consider daily trend for 15M trade)
2. key levels: 3 red resistance, one gold support. (as chart show), clean break down the gold support will chage view to bearish.

3. possible long entry at gold support with condition:
a. gold support test and hold well.
b. seeing M15 trend reversal singnal forming around the gold support
c. other Sonic R rulls fill.
b. all above conditions...

that was the weekly plan, and 4.5 days later. ...
two trades taken, all winners, 176 pips banked, and one small long still running with Stop @ BE.

Just follow the plan, and $$ in the bank., it's that simple..
call it a week, going away for ski.. good luck ..bros
Attached Image (click to enlarge)
Click to Enlarge Name: eu h1.gif Size: 25 KB
seeing through
  • #24,056
  • Jul 28, 2011 10:57pm Jul 28, 2011 10:57pm
So what signs are you looking for before you enter the short eurusd?
  • #24,057
  • Jul 28, 2011 10:58pm Jul 28, 2011 10:58pm
I agree that we can't rule out selling yet..
But bearking above 1.44xx strongly will bring back bull..

I m relax.. TP 1 hit with SL @ BE..

Sonic
  • #24,058
  • Edited 11:27pm Jul 28, 2011 11:08pm | Edited 11:27pm
Quoting pipphunter
that was the weekly plan, and 4.5 days later. ...
two trades taken, all winners, 176 pips banked, and one small long still running with Stop @ BE.

Just follow the plan, and $$ in the bank., it's that simple..
call it a week, going away for ski.. good luck ..bros
Were the two trades long, or short, or combination? Entries? Exits? If a post is to be useful to present and future readers, it would be nice to see a post at trade entry with PA Wave, EP, SL and TPs, etc., and again when parts are closed. This is the root of the success of this thread!

It is nice to have a plan. And it is nice to make pips. BTW, congratulations, pipphunter. But if actually trading it, the trade posts are the most important in helping others grasp the Sonic R. System.

Folks, please lets not degrade into posting plans, and then at the end of the week posting......"I made x trades for y profits! Yippee!"

Please consider that is not sufficiently instructional/illustrative to carry forward the tradition of this thread.

Thank You,
-tah
  • #24,059
  • Jul 28, 2011 11:29pm Jul 28, 2011 11:29pm
Quoting traderathome
Were the two trades long, or short, or combination? Entries? Exits? If a post is to be useful to present and future readers, it would be nice to see a post at trade entry with PA Wave, EP, SL and TPs, etc., and again when parts are closed. This is the root of the success of this thread!

It is nice to have a plan. But if actually trading it, the trade posts are the most important in helping others grasp the Sonic R. System.

Folks, please lets not degrade into posting plans, and then at the end of the week posting......"I made x trades for y...

the plan clearly stated where take long, and where to take short, with what conditions. there are only two trades where all conditions were met. easy for anyone to find.

i will update chart on Sunday....got to go...
seeing through
  • #24,060
  • Edited Jul 29, 2011 12:21am Jul 28, 2011 11:34pm | Edited Jul 29, 2011 12:21am
Quoting pipphunter
the plan clearly stated where take long, and where to take short, with what conditions. there are only two trades where all conditions were met. easy for anyone to find.

i will update chart on Sunday....got to go...
Thanks, pipphunter. Please do revise to post charts depicting the situations at entries and exits.

Such charts are "all meaningfull" to readers of the thread. As you can well understand, readers both now, and in the future, simply will not have the time to do such "analysis" on pairs for every post in order to grasp exactly what things looked like at entries and exits. That is why such properly illustrated posts are so valuable to this thread. Anything else is just a waste of time so far as the "sharing is caring" aspect of Sonic R. is concerned. There might as well be no post at all.

In ours minds, just consider all the posts that have really well illustrated setups, entries and exits, etc., especially Sonicdeejay's posts. Now, imagine that all those posts had no such informative charts. This entire thread would be worthless junk! Nobody would read very far, before moving on to something that better communicated. A good picture is worth a thousand words.

Regards,
-tah
Attached Image (click to enlarge)
Click to Enlarge Name: sonicr setup, entry and re-entry.gif Size: 36 KB
204 traders viewing now