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Sonic R. System

  • #25,881
  • Sep 2, 2011 1:10am Sep 2, 2011 1:10am
Quoting traderathome
Yes, Heiken-Ashi. For me, they help me see S&R more easily/quickly. And I thought, at least while Sonicdeejay is away, they might be similarly helpful to others in any "instructional" posts made. I have not made any decision yet as to whether or not to use them exclusively in the future.

Sonic R. is all about support/resistance and PA waves. And Heiken-Ashi candles are superior to regular candles in depicting both. So, I hope there are no objections.
Heiken-Ashi, is good once it is really trending OR at indecision bar at extreme meaning potential turning point.
Unsure how it turn out on H4, as I have tried them on M15 and H1 and they were OK, but now not using them.

Disadvantages are when you are comparing candlesticks to volume, and any gaps in the past.
You cannot compare a Heiken-Ashi bar if you are looking at volume, becomes confusing and not a true picture.
Look at my H4 chart previously where I drawn Horizontal Magenta lines, I am looking for gaps, and can only draw them with Normal Candlesticks, not Heiken-Ashi bars.
And those gaps can also provide strong S/R lines.
  • #25,882
  • Sep 2, 2011 1:17am Sep 2, 2011 1:17am
Quoting foxybunny
Heiken-Ashi, is good once it is really trending OR at indecision bar at extreme meaning potential turning point.
Unsure how it turn out on H4, as I have tried them on M15 and H1 and they were OK, but now not using them.

Disadvantages are when you are comparing candlesticks to volume, and any gaps in the past.
You cannot compare a Heiken-Ashi bar if you are looking at volume, becomes confusing and not a true picture.
Look at my H4 chart previously where I drawn Horizontal Magenta lines, I am looking for gaps, and can only draw them with Normal...
Well, the SonicR HA-Std Candles indicator I wrote and very recently made major revisions to, enables easy switching back and forth between the two types of candles,.....just change one input from "true" to "false" is all it takes. Also, the width of both types of candles is now automatically made wider/narrower as you zoom in/out on a chart.

As far as volume goes, I am trying to ween myself away from it. ddaytrader swears it is not necessary. If good trading can be accomplished without it, all the better. I want to focus on PA waves and support and resistance.
Attached Image(s) (click to enlarge)
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  • #25,883
  • Sep 2, 2011 1:35am Sep 2, 2011 1:35am
Quoting traderathome
Well, the SonicR HA-Std Candles indicator I wrote and very recently made major revisions to, enables easy switching back and forth between the two types of candles,.....just change one input from "true" to "false" is all it takes. Also, the width of both types of candles is now automatically made wider/narrower as you zoom in/out on a chart.

As far as volume goes, I am trying to ween myself away from it. ddaytrader swears it is not necessary. If good trading can be accomplished without it, all the better. I want to focus on PA waves and support...

You are good with indicators.
Have you design one with Heikin-Ashi-Volume candles as I don't think anyone has that yet ?
There is only the normal candlestick with volume.
I am not asking you to do.

If you wee yourself out of volume, means you need to remove all volume indicators from all the timeframes and all your charts and don't suddenly ask why the sudden spike and then reversed or continued.

Another thing with Heiken-Ashi as it is an average price candlestick, you need to be careful on M15 when you want to enter on a price above/below a candlestick high/low after it pass the Dragon.
Using Heiken-Ashi sometimes give you misleading prices near the dragon, and it is not a true breakout of the previous normal candlestick.
Just be aware of this when entering.
  • #25,884
  • Sep 2, 2011 1:43am Sep 2, 2011 1:43am
Quoting foxybunny
You are good with indicators.
Have you design one with Heikin-Ashi-Volume candles as I don't think anyone has that yet ?
There is only the normal candlestick with volume.
I am not asking you to do.

If you wee yourself out of volume, means you need to remove all volume indicators from all the timeframes and all your charts and don't suddenly ask why the sudden spike and then reversed or continued.

Another thing with Heiken-Ashi as it is an average price candlestick, you need to be careful on M15 when you want to enter on a price above/below...
Foxybunny, that last info I was not thinking about. Good point, and thank you for stating. Perhaps the FE EP levels that Hansma has so generously provided will help in that regard. And Sonicdeejay says enter "...at least several pips beyond...", so there is quite some room wiggle room there. I'll see how it works out.
  • #25,885
  • Sep 2, 2011 1:57am Sep 2, 2011 1:57am
Quoting traderathome
EJ:

In concert with posting my comments on the sudden rise in EJ and UJ, I had moved SL above range high for day. Glad I did. EJ came with another spurt drive up. I entered short SC near the top of yesterday range, EP= 110.83. So I have two entries short on this pair now. I have replaced the FE study using broader TF, and selected the 127% level shown, about 250 pips below. It is tentative. I'll see what happens and maybe zero in on a closer target later.
EJ:

I have manually closed the first trade on this.
EP1= 110.38, minus close= 109.31, minus spread, equals net profit of 103 pips.

The second, higher EP= 109.83 is still active. I could be wrong, but I sense a pullback coming. I am not sure, so I am leaving half running. If the pullback comes, I might re-enter the first half.
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  • #25,886
  • Sep 2, 2011 2:04am Sep 2, 2011 2:04am
Quoting traderathome
GU:

Entered short, EP= 1.6248.
GU:

I have manually closed this trade.
EP=1.6248, minus close= 1.6182, minus spread, equals net gain of 62 pips.

I am trimming down my exposure ahead of the USD releases.
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  • #25,887
  • Sep 2, 2011 2:25am Sep 2, 2011 2:25am
nice trades TAH.. hope ill be able to make winning trades soon
  • #25,888
  • Edited 3:21am Sep 2, 2011 2:53am | Edited 3:21am
EU:

Too late to short, too early to long, as Sonic would say. So what now?

One possibility here is now that Frankfurt/London trading has lowered the price somewhat, they will reverse and try to gain altitude before the USD releases. They may have just closed some shorts and are going for a long run before the releases, close the longs at altitude and take on shorts again (happens all the time).

Anyway, it is too late to short and too early to long, and the USD releases add complexity to the situation. My bet is a downside move following the USD releases. So, I am looking for PA to gain altitude to enter short. An example is depicted on the attached chart. If price gets even more altitude than what is shown, then that will be even better. In other words, if the price moves to a higher S&R level for the bounce down than what is shown, then that is better because it gives more room/profit for the downside move.

In one of Sonic's last communiques he said today will be interesting. Anytime after the NFP release there could be whipsawing, immediately or delayed in coming. And nobody will know for sure which way the price is going until after the dust settles! And I am sure Sonic would remind everybody that has a trade on at the time, to be sure you give it breathing room. NFP Friday is no day to have tight SLs!

It may be best to let the dust settle before putting a trade on, difficult to say, until we see how things unfold. Personally, I want to see a very clear setup. if such happens before the releases, then I may venture into the trade.

Comments on this prognosis are welcome.
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  • #25,889
  • Sep 2, 2011 3:41am Sep 2, 2011 3:41am
EU:

Already the price has pulled back to a SR level. It could float along and finally drop (the bounce down) to start the completion of a SonicR short setup.

Or, price could rise to a higher SR level, and bounce down from there, as depicted.

However, if price moves up thru the Dragon and then comes back down to one of the SR levels, and bounces up, it starts the completion of a SonicR long setup.
Attached Image (click to enlarge)
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  • #25,890
  • Sep 2, 2011 3:56am Sep 2, 2011 3:56am
Quoting traderathome
EU:

Already the price has pulled back to a SR level. It could float along and finally drop (the bounce down) to start the completion of a SonicR short setup.

Or, price could rise to a higher SR level, and bounce down from there, as depicted.

However, if price moves up thru the Dragon and then comes back down to one of the SR levels, and bounces up, it starts the completion of a SonicR long setup.
EUR/USD M30 with MACD Divg.
See whether this is a signal for later tonight news.

Attached Image (click to enlarge)
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  • #25,891
  • Sep 2, 2011 4:12am Sep 2, 2011 4:12am
Quoting foxybunny
EUR/USD M30 with MACD Divg.
See whether this is a signal for later tonight news.

Attachment
MACD is crossed down on the Daily.
  • #25,892
  • Sep 2, 2011 4:41am Sep 2, 2011 4:41am
Quoting traderathome
MACD is crossed down on the Daily.
Yes, Daily prices been down for last 3 days, so MACD on Daily expected to have crossed down already.
As prices on daily been more in range last week and more, MACD on Daily seem more bunch up, less detail on Daily MACD.

So what is your point here about the daily MACD ??

MACD on all different timeframes will show different calculations.
I just pointing out on a shorter timeframe such as M30, as we are short-term traders, to see a possible early signal for a change later on.
It may happen or it may not happen.
Just giving you a different view.
Thot you just want a different possible view.

Edit: Also showing in the chart is not just the divergence, also include possible high volume activities there.
  • #25,893
  • Sep 2, 2011 5:18am Sep 2, 2011 5:18am
Quoting traderathome
GU:

I have manually closed this trade.
EP=1.6248, minus close= 1.6182, minus spread, equals net gain of 62 pips.

I am trimming down my exposure ahead of the USD releases.

TAH, just saw that upcoming Monday 5-Sep is both USD and CAD Bank Holiday, you might want to close more whatever you have before the long weekend.
Long weekend means anything can happen, both upwards and downwards, like a trap.

Arhh, this could mean no overnight trade for me tonight then.
  • #25,894
  • Sep 2, 2011 6:17am Sep 2, 2011 6:17am
TAH, how did u manage to get that 'thick' dragon? Is it some special indy or just a thick 34 EMA ?
Attached Image
cut losses short, let profits run.
  • #25,895
  • Sep 2, 2011 8:25am Sep 2, 2011 8:25am
Hi sonicers:

Here my sonicr classic today....

we'll see where it goes.

Regards.
Attached Image (click to enlarge)
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"Being picky only cost your time - not MONEY"...Hans
  • #25,896
  • Sep 2, 2011 8:33am Sep 2, 2011 8:33am
Quoting Domas4
TAH, how did u manage to get that 'thick' dragon? Is it some special indy or just a thick 34 EMA ?
I like that too - how about you share the love of the band, TAH?

By the way, I'm still short the AU at 107.10, with a 1.0733 SL and a 1.0610 TP. I would like for this not to look so choppy, but as we still gave very clear LL's and LH's, even on the NFP spike high, the logic of the trade is still in place. I can't take a pic on this tablet, so I will post the trade's conclusion, whatever it may be, after the US close.
  • #25,897
  • Sep 2, 2011 8:38am Sep 2, 2011 8:38am
Quoting nando_rich
Hi sonicers:

Here my sonicr classic today....

we'll see where it goes.

Regards.
I hope it goes well as I am short the AU also. I also entered the futures short on the break of yesterday's low with a SL at yesterday's high. I'm playing for a significant retracement of the rally off the July low, and possibly a retest of or break of that low.
  • #25,898
  • Sep 2, 2011 8:56am Sep 2, 2011 8:56am
Quoting ddaytrader
I hope it goes well as I am short the AU also. I also entered the futures short on the break of yesterday's low with a SL at yesterday's high. I'm playing for a significant retracement of the rally off the July low, and possibly a retest of or break of that low.
Yes i agree.

Here you have the h4 targets if it goes down (green lines)

Anyway...TP1 hit sl @ be...now it's free.

We'll see.
Attached Image(s) (click to enlarge)
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"Being picky only cost your time - not MONEY"...Hans
  • #25,899
  • Sep 2, 2011 9:32am Sep 2, 2011 9:32am
Quoting nando_rich
Hi sonicers:

Here my sonicr classic today....

we'll see where it goes.

Regards.
Pullback to S&R.
Attached Image (click to enlarge)
Click to Enlarge Name: au2_m15_2.gif Size: 25 KB
"Being picky only cost your time - not MONEY"...Hans
  • #25,900
  • Edited 9:43am Sep 2, 2011 9:33am | Edited 9:43am
Quoting Domas4
TAH, how did u manage to get that 'thick' dragon? Is it some special indy or just a thick 34 EMA ?
Hi Domas, my friend.

It is some special indy that produces just a thick 34 EMA.

(It is in my bag of tricks for the next release, including some nice improvements & additions to the Chart Panel.)
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