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Sonic R. System

  • #25,481
  • Aug 25, 2011 8:31pm Aug 25, 2011 8:31pm
Quoting traderathome
EJ:

Entered long, EP = 111.35.
where's your stop?
  • #25,482
  • Aug 25, 2011 8:50pm Aug 25, 2011 8:50pm
Quoting traderathome
This has started an up movement, maybe an up trend. So far this last day the asian session has brought PA down a bit, to the pivot area, perhaps just a pullback in the overall up move.

Applying FE study as shown, reasonable targets include the Range Day High area, even the Range Week High area.

Current support is shown by the bold blue line. It should be taken into consideration when evaluating for a short trade, maybe like something shown by the bold black lines on the M15 chart. In other words, before going short, look for PA to break down...
thanks for feedback tah....definitely worth studying. A few more charts to help explaing what I saw as reasons to enter short.

First is daily - strong down trend on pair. Second is 4h - magenta lines are how I see the major 4H s/r areas. Market appears to be ranging currently to me between 78.5xish down to 77.2xish.

In my 15 minute chart I saw price as breaking below the 78.50 and testing again - forming the waves I saw. I view the blue line you drew as a future stop placement (IF) price were to break down.

In any event, I'm going to reduce my risk by about 1/3 and put in a TP order and see how it plays out. I'll post a chart of my results later....win or lose .....thanks again for feedback.
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  • #25,483
  • Aug 25, 2011 8:51pm Aug 25, 2011 8:51pm
Quoting traderathome
GU:

Entered long, EP = 1.6287
Get some sleep sir TAH.
U will get better entry later..

Sonic
  • #25,484
  • Aug 25, 2011 9:49pm Aug 25, 2011 9:49pm
Quoting PipPipPip
where's your stop?
Red line.
  • #25,485
  • Aug 25, 2011 9:52pm Aug 25, 2011 9:52pm
Hi Sonic,

Ive been using your Sonic R V3 sys over the lastest version which have the Volume. Reason being I dont know how to read the Volume but find the V3 QQE, CCI much easier to entry.

During the non recommended hours as stated in your manual
1 a.m. – 4 a.m. EST (UK session)
7 a.m. – 11 a.m. EST (US session)
If we see that the dragon and QQE and CCI is showing the buy signal, should we go in or should we still wait for the above recommended session for more volume?

  1. May I know which version do you recommend to use? Why?
  2. Should we trade even if we see Sonic R signal in non recommended session?

Regards,
Evilmaster

  • #25,486
  • Aug 25, 2011 10:20pm Aug 25, 2011 10:20pm
Quoting Evilmaster
Hi Sonic,

Ive been using your Sonic R V3 sys over the lastest version which have the Volume. Reason being I dont know how to read the Volume but find the V3 QQE, CCI much easier to entry.

During the non recommended hours as stated in your manual
1 a.m. – 4 a.m. EST (UK session)
7 a.m. – 11 a.m. EST (US session)
If we see that the dragon and QQE and CCI is showing the buy signal, should we go in or should we still wait for the above recommended session for more volume?

[list][*]May...
Sonicdeejay might be busy, so I will try to answer your questions. Sonic might reply also.

Keep the "approved hours" simple, the London session, 3am EST to 12noon EST, which is 8am to 5pm in London, England.

Regarding the use of techicals in a chart sub-window, as you have learned already, they have come and gone. You can use whatever you want, but as you can see, Sonicdeejay has settled on a volume study. Volume is the only "technical" which is not a mathematical derivative of price. All others are, and they are lagging indicators. We have the actual price information, so all those other mathematical derivatives are not necessary.

There is information on volume dispersed in the thread, but also some summary information included in the posts of recent indicator upgrade releases.

Regarding "entry signals" outside of the London session, sometimes a decent run ensues, many times not. The asian session might yield runs of 15-35 pips, or so. What makes the London session best, especially the overlap when the US session starts, is the higher activity level, which can help sustain moves for more pips. However, you can trade whenever you like. Just recognize the Sonic R. recommendations, and that outside of those recommendations there is higher risk of the trade failing early.

Hope this helps,
-tah
  • #25,487
  • Aug 25, 2011 10:28pm Aug 25, 2011 10:28pm
Poss EUR/AUD short?
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  • #25,488
  • Aug 25, 2011 10:38pm Aug 25, 2011 10:38pm
hi sonic.. i have been using ur system for smtimes n it is profitable.. thanks 2 u.. but i f been using ur earlier indicators such as QQE n CCI.. i dont noe how 2 use d VSA n how it works.. i hope u could help me on this..

tq..
  • #25,489
  • Aug 25, 2011 10:48pm Aug 25, 2011 10:48pm
Quoting traderathome
GU:

Entered long, EP = 1.6287
GU:

TP1 reached. Trade 1 closed. Trade 2 still running. SL raised.

TP1 = 1.6324, minus EP = 1.6287, minus spread, equals net gain of 33 pips for trade 1.
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  • #25,490
  • Aug 25, 2011 10:54pm Aug 25, 2011 10:54pm
Thank for your gr8 input Sir TAH..


We have Bernanke announcement tonite/today... This can be considered as the OSCAR night for trading fraternity.. I am expecting nothing but the wild swing with the big move..

If I were u..I will side line for a while to see thing develops..

http://bobmccarty.com/wp-content/upl...money-drop.jpg

http://2.bp.blogspot.com/_wkgIzuqJM0...1600/B+Key.jpg

Trade Safe fellas..

Rule No 1: Try not to lose money.
Rule No 2: Repeat rule no.1 .

Sonic
  • #25,491
  • Aug 25, 2011 11:18pm Aug 25, 2011 11:18pm
I've read a lot about the directions of using the system, but I still have problem using the VSA, could anyone help me and explain how to use it in detail?

Thank you in advance!!
  • #25,492
  • Aug 25, 2011 11:20pm Aug 25, 2011 11:20pm
Quoting traderathome
Sonicdeejay might be busy, so I will try to answer your questions. Sonic might reply also.

Keep the "approved hours" simple, the London session, 3am EST to 12noon EST, which is 8am to 5pm in London, England.

Regarding the use of techicals in a chart sub-window, as you have learned already, they have come and gone. You can use whatever you want, but as you can see, Sonicdeejay has settled on a volume study. Volume is the only "technical" which is not a mathematical derivative of price. All others are, and they are lagging indicators....
hi tah

how are we able to use the volume as an indicator?
Also, can you let me know where to find the sonic vsa that you use? because i take from page 1 but it seems different from what I see that sonic and you are using..

sorry for my bad english...i am not that good in it.
  • #25,493
  • Aug 25, 2011 11:28pm Aug 25, 2011 11:28pm
Quoting traderathome
GU:

TP1 reached. Trade 1 closed. Trade 2 still running. SL raised.

TP1 = 1.6324, minus EP = 1.6287, minus spread, equals net gain of 33 pips for trade 1.
GU:

Manually closed trade 2 at TP1. Same 33 pips net profit as on trade 1.
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  • #25,494
  • Aug 25, 2011 11:43pm Aug 25, 2011 11:43pm
EU:

Price has been returned to the same level that I made short entry yesterday, so I re-entered short again, EP = 1.4436
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  • #25,495
  • Edited 12:19am Aug 26, 2011 12:03am | Edited 12:19am
Quoting traderathome
EJ:

Entered long, EP = 111.35.
EJ:

I know what you are going to say, but there is stopping volume at the quckly attained lows. I relocated the SL two levels down and added to the trade at the original SL level, EP2 = 110.96.

Edit: FE study is redrawn, relocated SL and TPs (2nd pic).
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  • #25,496
  • Aug 26, 2011 12:23am Aug 26, 2011 12:23am
I see some stopping vol near 1.443x lvl..
Upside may be limited..


Sonic
  • #25,497
  • Aug 26, 2011 1:04am Aug 26, 2011 1:04am
Quoting sonicdeejay
I see some stopping vol near 1.443x lvl..
Upside may be limited..


Sonic
we should be seeing under 1.40 soon.
  • #25,498
  • Edited 2:55am Aug 26, 2011 1:09am | Edited 2:55am
Quoting PipPipPip
we should be seeing under 1.40 soon.
EU has been ranging tight for long time now,,u can see clear in D1 and W1 TF..

Breakout is immnent.. ( let's start with today benarnke"s crap)


Sonic
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  • #25,499
  • Aug 26, 2011 3:03am Aug 26, 2011 3:03am
Quoting traderathome
EU:

Price has been returned to the same level that I made short entry yesterday, so I re-entered short again, EP = 1.4436

TAH, pls refer to your EU chart on this trade.

Just saw that the price wave (blue line) ends at the last bar at that point of time with your entry at Short 1.4436.
At that same point of time, I would not know whether the price wave ends there or may extend.

Wondering what are the signs you saw in order to decide that last bar was where the price wave ends ??
  • #25,500
  • Aug 26, 2011 3:45am Aug 26, 2011 3:45am
Quoting traderathome
EJ:

I know what you are going to say, but there is stopping volume at the quckly attained lows. I relocated the SL two levels down and added to the trade at the original SL level, EP2 = 110.96.
Edit: FE study is redrawn, relocated SL and TPs (2nd pic).
Tah, I just don't get it. Why do you keep repainting your chart, after market has proven you wrong. The Higher Low was broken, and that's where your stop loss should have been. From then on, it should be treated as a downtrend until Higher High is broken. Why do you put stop loss at all, because if trade goes against you, you just move it further and further away...
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cut losses short, let profits run.
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