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Sonic R. System

  • #24,441
  • Edited 12:51pm Aug 4, 2011 12:29pm | Edited 12:51pm
Quoting nando_rich
Nice re-entry trade!!!

I'd want ask you about your new vol indi...What varies with respect to VA?

BTW...nice Gray Dragon...

Regards.
Both Gray Dragon and PVA indy are experimental/in-work. Not much to the Gray Dragon, except chart template requires chart price bars be "on top".

The PVA has done away with the "rising volume" altogether. The "stopping volume" is calculated a bit differently.
1. longer day and a half period for comparison
2. anything about 2/3 of max displayed instead of just max being displayed
3. experimental new way of choosing colors that can have a bull candle red and a bear candle green, but not at all like the Better Volumes formula which decides based simply on if close is above or below mid-candle. The new way is looking at the "thrust" of the candle....up or down, and requires comparisons to prior candles, and on that basis decides if green or red.

Overall, the PVA is intended to leave the volume study real clean, and only ID strong thrusting activity which can be at the start of a run (in either direction relative to the run, as we well know), or at the end of a run when the final thrusts are put on to achieve extreme prices, or come as a result of sudden and extreme reverse move trading.

What I hope to achieve is a study that will provide inter-day clues, not just a lot of stuff within just one day. The AU chart attached is an exampe. First red comes at a sell-off. Later, over two separate days, green shows successful attempts at raising prices so that trading at higher prices can follow. And then a grouping of reds indicating strong thrusting to new lows. It is an experiment to try to just ID key events that might be valid clues as to the Market's disposition.

In the case of this AU example, and if this is working right, the conclusion following the last move down would be that maybe a retrace is in order. And expecially so with NFP tomorrow if the Market is thinking more good news for USD. A retrace would give the Market better positioning for another leg down. If that is not what the Market is thinking, if the Market is undecided as to what to think, then something like flat until next news. I would read the last red thrust down as meaning the Market closed out positions and is lighter on positions now, and waiting.
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  • #24,442
  • Aug 4, 2011 12:38pm Aug 4, 2011 12:38pm
Quoting traderathome
Both Gray Dragon and PVA indy are experimental/in-work. Not much to the Gray Dragon, except chart template requires chart price bars be "on top".

The PVA has done away with the "rising volume" altogether. The "stopping volume" is calculated a bit differently.
1. longer day and a half period for comparison
2. anything about 2/3 of max displayed instead of just max being displayed
3. experimental new way of choosing colors that can have a bull candle red and a bear candle green, but not at all like the Better Volumes formula which decides...
Thanks...I got off my the vol study of my chart...but i'm sure that you'll found anyway for the vol study could be really useful...

Regards.
"Being picky only cost your time - not MONEY"...Hans
  • #24,443
  • Aug 4, 2011 12:56pm Aug 4, 2011 12:56pm
Quoting nando_rich
Again....

Hans has changed my life...

Thanks!!

pd: Key level before of reversal or hard break down...1.411x

We'll see..i'm out.
No Nando - you were already heading there - you just needed a little

gentle "fib" push in the right direction.

Congrats on your todays trade.

Regards,
Hans
"The future is already written in the past"
  • #24,444
  • Aug 4, 2011 1:12pm Aug 4, 2011 1:12pm
Quoting nando_rich
Thanks...I got off my the vol study of my chart...but i'm sure that you'll found anyway for the vol study could be really useful...

Regards.
Well, as I said, it is experimental. It could turn out a waste of time. I have no problems trading without a volume study. But I am not quite ready to throw the baby out with the bath water, so to speak.
  • #24,445
  • Aug 4, 2011 1:58pm Aug 4, 2011 1:58pm
spot on usd/chf:

does not match any trading parameter (wrong time, no volume etc.), but dragon might turn into a higher low.

on the watchlist.

PS: donīt go long aud/usd before 1.04/1.038
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  • #24,446
  • Aug 4, 2011 3:51pm Aug 4, 2011 3:51pm
Hi Donkey,

Nice Avatar lol

I'm also just starting on this method, I've read the V3 manual now when looking for longs don't we want price to be above the 89ema which your entry wasn't.

So much seems to have changed since the trading manual so I'm not too sure.

Can you or anyone else clarify something for me:

When you want to make a long entry, does price have to go be below the dragon for a while, and then it makes a low, then a high and then a higher low and we enter on the break of the HL candle? And vise versa for shorts?

Thanks,
P


Quoting Donkey
I took this trade as well. Took a full Risk loss. I made one huge mistake and did not check the 4H time frame (as hansma noted). This trade was buying into huge resistance. Borrowing a chart from mbqb11 the J16 thread (hope that is okay). This picture says it all to me and the reason why I now have a new rule for my sonic trades....no trade unless properly identifying trend, and S/R from 4H. Sounds like a no-brainer but I failed to do it this morning. Thank goodness for demo.

http://www.forexfactory.com/showthre...82#post4834182...
  • #24,447
  • Aug 4, 2011 4:07pm Aug 4, 2011 4:07pm
Is this a valid entry?
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  • #24,448
  • Aug 4, 2011 4:23pm Aug 4, 2011 4:23pm
Quoting traderathome
Well, as I said, it is experimental. It could turn out a waste of time. I have no problems trading without a volume study. But I am not quite ready to throw the baby out with the bath water, so to speak.
If I understand you ...

I also miss the window down with my volume bars...

But take a look my chart...now it is very clean... and I'm doing well without volume...Just The dragon, supply/demand indi + FE fibo to fix tp, ep and sl.

I'm thinking you could do something about the supply / demand indicator posted early here to perfect it in your amazing style...It fits perfectly with the sonic system and frankly I see it useful ... sure you can think of some way to improve it or include it in the "SonicR chart panel" ... just a thought.

Regards.
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"Being picky only cost your time - not MONEY"...Hans
  • #24,449
  • Aug 4, 2011 4:32pm Aug 4, 2011 4:32pm
Examples hans setting FE fibo tool (IT'S NOT AN INDI...JUST A SETTING):


Example 1&2: SonicR Classic

Example 3: SonicR Reentry.

Regards.
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"Being picky only cost your time - not MONEY"...Hans
  • #24,450
  • Aug 4, 2011 4:32pm Aug 4, 2011 4:32pm
Quoting peaches
spot on usd/chf:

does not match any trading parameter (wrong time, no volume etc.), but dragon might turn into a higher low.

on the watchlist.

PS: donīt go long aud/usd before 1.04/1.038
big fishes are out there, I try to swim with them.

good night.
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  • #24,451
  • Aug 4, 2011 4:37pm Aug 4, 2011 4:37pm
Quoting enigma4x
H4 sonic r - clear short for me since 3 days ...

I hope they will turn it tomorrow to long ...

then should be the flag complete or it will break down southside hardly.

hope it helps enigma4x
Maybe it could help...
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"Being picky only cost your time - not MONEY"...Hans
  • #24,452
  • Edited 4:55pm Aug 4, 2011 4:43pm | Edited 4:55pm
Quoting hansma
No Nando - you were already heading there - you just needed a little

gentle "fib" push in the right direction.

Congrats on your todays trade.

Regards,
Hans
yes, you right.

I hope the BB's don't discover us and it stops working

Regards.
"Being picky only cost your time - not MONEY"...Hans
  • #24,453
  • Aug 4, 2011 5:29pm Aug 4, 2011 5:29pm
Quoting foxybunny
...EUR/JPY daily chart, and last few days with tight range near the low, gave some indication of accumulation...
If the BOJ can't hold that pig up, you certainly can't.

This is why Sonic should have put a stop to TAH's reckless posts lon ago. How many would be successful SOnikers are out there having blown up there accounts trading TAH style?

And now you are being as irresponsible as he is.

You and TAH and anyone else trading the "living on a prayer" style should keep your losers and your bad habits to yourselves and only post SonicR trades with proper SL here.

And Sonic should speak up earley and often when anyone trades in such a manner.

I do not understand you two - don't you want to make money? Don't you want to be successful at this? If yes, then you need to get into the habits of successful smart traders, not dumb and dumber failed traders.

And if you do not care whether you succeed or fail, at least have a care for the new Sonikers just discovering this thread. Give them a chance to learn the right habits.

I vouched you because you made some posts where it seemed as though you understood these things. But ever since, you have done the opposite. I am at a loss ...
  • #24,454
  • Aug 4, 2011 5:49pm Aug 4, 2011 5:49pm
Quoting sonicdeejay
My 2 days old Long was close..
We had a good run.. 2 TPs hit with closed @ BE..
my take,, I am still bullish bias,, now it is setting up stage for Friday NFP swings..

Sonic
Didn't take any position as bias and set up do not match,.
We had screaming short, congrat to those who took it..

Today we have super whip day,, careful..

Sonic
  • #24,455
  • Edited 7:31pm Aug 4, 2011 6:49pm | Edited 7:31pm
Quoting ddaytrader
If the BOJ can't hold that pig up, you certainly can't.

This is why Sonic should have put a stop to TAH's reckless posts lon ago. How many would be successful SOnikers are out there having blown up there accounts trading TAH style?

And now you are being as irresponsible as he is.

You and TAH and anyone else trading the "living on a prayer" style should keep your losers and your bad habits to yourselves and only post SonicR trades with proper SL here.

And Sonic should speak up earley and often when anyone trades in such a manner.

I do...
Ok, ddaytrader. I am going to speak up now. And I want all Sonikers to know that this is speculation, and that I am going out on a limb with what I am going to say.

A part of trading is psychology. That which is at play here is that the Market might be anticipating USD strengthening news later today, and EUR "strengthening" news at anytime. I say EUR "strengthening" news because apparently euro investors know no other way to handle bad euro news other than to drive the euro back up! So, the Market has driven prices down in order to take advantage, meaning closing shorts and acquiring longs at lower prices,......in the case of UChf, maybe low prices that will never be seen again!

Time and again (just review history chart of any pair) the Market has first driven price hard and opposite to a major move, taking such advantage of prices so attained, before the real move comes. And that could very well be what is happening now with EJ and UChf.

The BOJ and the SNB might be holding off any further intervention because it too suspects what the Market is doing. In which case, in weeks hence the problem will be taken care of without further BOJ or SNB intervention.

In any case, just looking at the H4 charts, I'd be looking for SonicR long setups on these two.
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  • #24,456
  • Aug 4, 2011 7:22pm Aug 4, 2011 7:22pm
Quoting traderathome
Ok, ddaytrader. I am going to speak up now...
... Time and again (just review history chart of any pair) the Market has first driven price hard and opposite to a major move, taking such advantage of prices so attained, before the real move comes. And that could very well be what is happening now with EJ and UChf.
You are right, TAH, the market has spent the last 11 years driving the price down 10,800 pips, driving hard and opposite the real major move - just keep on adding to your longs, hand over fist, TAH.
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  • #24,457
  • Edited 8:35pm Aug 4, 2011 7:46pm | Edited 8:35pm
Quoting ddaytrader
You are right, TAH, the market has spent the last 11 years driving the price down 10,800 pips, driving hard and opposite the real major move - just keep on adding to your longs, hand over fist, TAH.
ddaytrader, now you are talking like someone who believes price can go in just one direction, forever!

All trends come to an end sometime. Who is to say that the time has not come for the down trend on UChf to end? The SNB intervention is perhaps the first sign of change. The strengthening dollar against the euro is perhaps another sign of change. Acceptance of the USD as a place to put money for risk aversion would be another sign of change. And all that is needed for that to happen is for the Market to believe the USD is low enough that it has more chance to go up now, than down! And we may be nearing that time. And it could be especially spectacular if SNB is weakening the swissy. Risk aversionists will flock to the USD instead!!!!!!!

Look, all I am saying is that things change eventually. And the time for the UChf down trend may be coming to an end. The wind seems to be changing. And we may have to reset the sails.

BTW ddaytrader, are you not yet aware that I will not be adding to those trades? Are you not yet aware that my SonicR trades will also not receive "adds"? I think your statement about me continuing to add longs "....hand over fist" is entirely bogus, and misleading to Sonikers.
  • #24,458
  • Aug 4, 2011 8:55pm Aug 4, 2011 8:55pm
AU:

Long, EP = 1.0470. There is time for a run up to be complete well before any USD releases later today.
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  • #24,459
  • Aug 4, 2011 9:45pm Aug 4, 2011 9:45pm
Quoting traderathome
AU:

Long, EP = 1.0470. There is time for a run up to be complete well before any USD releases later today.
Easy there tiger.. Still in Asia session..
Plus NFP today..

Do not open many exposure mates..
Trade opens=risk=reward

Sonic
  • #24,460
  • Aug 4, 2011 10:18pm Aug 4, 2011 10:18pm
Quoting ddaytrader
If the BOJ can't hold that pig up, you certainly can't.

This is why Sonic should have put a stop to TAH's reckless posts lon ago. How many would be successful SOnikers are out there having blown up there accounts trading TAH style?

And now you are being as irresponsible as he is.

You and TAH and anyone else trading the "living on a prayer" style should keep your losers and your bad habits to yourselves and only post SonicR trades with proper SL here.

And Sonic should speak up earley and often when anyone trades in such a manner.

I do...

DD, I did not post a trade call or chart anywhere on what I did during NFP.
I know and admitted my NFP trades are mistakes quite some time ago.
I did not ask anyone or advocate anyone to follow this style.
It was only the NFP entries, that I originally have SL, then widen the SL, then removed the SL.
In my other normal trades, there is SL, only occasionally I may widen the SL, nevertheless there is always SL for those trades to hit SL automatically.
It was the NFP trade exception that was the mistake.
I must differentiate between what is a normal trade and what is an exception trade, even though an exception trade may blow a person's account.
Now just managing that mistake by looking at the support zones on Daily chart.
Of course I don't want to lose so much pips, just waiting for less pips.
I only mentioned here and sharing this, so other people don't do this stupid thing, as in the mistake is not to put a hard SL, even during NFP.

Perhaps TAH's style and his previous posts affected me on not having SL especially during NFP, but I accept and take full responsibility that it is my trade management, not anyone else.

I also mentioned here because you posted me a specific question about that NFP entry, even after I PM you just mentioning about NFP trade at the same time as your vouch that coincidentally I just done some bad NFP trades and I did not feel good about receiving your vouch at that specific time, and I still replied honestly to your public question via a public post about my NFP trades in this public community.
You can check your PM on what you replied to me after I mentioned I done the bad NFP trades during the vouch.

I don't usually post all my winning trades( even when they win a few hundreds pips per entry), normally you will see I post more losing trades.
There are many many many here who just post winning trades, and just hush hush on their losing trades and not having SL at all.

You can briefly review some of my past Sonic chart posts and VSA chart posts of my live trades to see there is SL, and that SL got hit many times automatically.
I have basically put EP, SL and TP on all those charts, and stuck with the SL most of the times.
The main thing for me is that I keep on moving my TP, and then it kept hitting my SL after I moved my TP.

Some people just simply post with "TP hit. Win XXX-pips. I am up XXX% for the days/week.", they don't even post a chart, or don't mention EP/SL/TP, or don't explain clearly in a chart, or don't show any reasoning.
To me these are more useless posts and "show-off" posts even though those are winning trades.

No one else step onto the plate about they not having SL, even though you said they PM you mentioning they don't have SL.
A person can learn from both winning and losing trades.

Hopefully, other people will learn from my mistakes and my posts, and do the opposite.

Yes, I want to make money from this trading, and I want to be successful and excellent at it.

BOJ on its own usually may not hold JPY to what it wants.
BOJ need support from other Banks and the market.
That is why still need to wait out a few days and NFP today to let the market decide on the direction.

Ok, time for me to chill.
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