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Sonic R. System

  • #25,941
  • Sep 4, 2011 8:35pm Sep 4, 2011 8:35pm
Quoting traderathome
Yes, Nando, there is a way, but you might not like it. Use a Heiken-Ashi + Standard Candles indicator. Use the standard candles, and color black both bull and bear candles. If you add the indy to the chart list of indys after the Dragon Band indy, then the candles will be on top of the Dragon. I suggest black for bull and bear candles because the indy will not very well show a bull candle in shades of gray. The SonicR PV Candles indy, added after the HA-Std candles indy, will paint on top of the black candles. See attached picture.

And, there...
How to set prices above the dragon?
Attached Image (click to enlarge)
Click to Enlarge Name: 44.gif Size: 22 KB
  • #25,942
  • Edited 9:02pm Sep 4, 2011 8:51pm | Edited 9:02pm
Quoting Gloryrose
How to set prices above the dragon?
1. In chart Properties, check chart on top. This puts the price data on top of everything else on the chart.
2. However, if you want volume colored candles, you must use a HA-Standard Candle indicator, set to show standard candles. You will have to set the chart Properties to "Line chart" and in the color tab set the color for "Line graph" to CLR_NONE". This cancels the "on top" price data, and now the HA-Std indy will paint candles on top of the Dragon Band.
3. Then, to get the volume colored candles on top of that, just add the SonicR PV Candles indicator.
  • #25,943
  • Sep 4, 2011 9:06pm Sep 4, 2011 9:06pm
Quoting ddaytrader
I'd agree with all that - though your SL is bit high for my taste.
My Sonic AU short hit at the open tonight for +100 pips. My TP was set at 1.0610.

Chart was posted showing the trade levels and now that the trade is closed, I placed trendlines to show the original EP, SL, and TP. It might look like my TP should have been filled for +112 pips based on this chart because it shows price gapping open below my TP, but this is an MT4 demo account. My real dough account did not gap open below the TP.

I also placed the zig zag indi on this chart to show the price waves or swings. It is not a perfect indi for this by no means. But it can be helpful as a sort of "training wheels." I still put it on a chart from time to time to see if the indi can catch something that I am not seeing. I find it best to leave the zig zag off and to try to pick the set up out with my eye. But the zig zag was a helpful tool from time to time, especially when I was learning.
Attached Image (click to enlarge)
Click to Enlarge Name: AU +100 pips.jpg Size: 86 KB
  • #25,944
  • Sep 4, 2011 9:27pm Sep 4, 2011 9:27pm
Quoting ddaytrader
My Sonic AU short hit at the open tonight for +100 pips. My TP was set at 1.0610.

Chart was posted showing the trade levels and now that the trade is closed, I placed trendlines to show the original EP, SL, and TP. It might look like my TP should have been filled for +112 pips based on this chart because it shows price gapping open below my TP, but this is an MT4 demo account. My real dough account did not gap open below the TP.

I also placed the zig zag indi on this chart to show the price waves or swings. It is not a perfect indi for this...
Good trade for sure, ddaytrader. I closed mine late Friday. Missed that extra 50 pips! But, who knows, maybe the market will bring the price back up and I can catch the second ride down.
  • #25,945
  • Sep 4, 2011 9:40pm Sep 4, 2011 9:40pm
Quoting traderathome
... who knows, maybe the market will bring the price back up and I can catch the second ride down.
No one knows anything, TAH, so we must simply trade the waves. And they amy take us up or down from here.

I am hoping that any rally is short lived as I am short the AU futures based on a daily set up. But my stop loss is in place, so I'll let the market decide.
  • #25,946
  • Sep 4, 2011 9:46pm Sep 4, 2011 9:46pm
Quoting traderathome
EU:

Added short, EP = 1.4376, on basis on quick drive up with possible stopping volume, a drive up to previous S&R area from last Wednesday.
EU:

I have decided to close this 4 part trade. Considering the run down Friday, and the gap down opening the new week, I figure odds favor a move up more than down. If I close now, I can re-enter higher for a new move down. I could be wrong, but then I still have good profit closing now. And there is plenty of time ahead this week for more moves, either way.

EP average = 1.4274, minus close = 1.4162, minus spread, equals net profit of 110 pips per trade part x four parts = net profit of 440 pips.
Attached Image (click to enlarge)
Click to Enlarge Name: # sept 4, 2011 - 036.gif Size: 29 KB
  • #25,947
  • Sep 4, 2011 10:02pm Sep 4, 2011 10:02pm
Quoting ddaytrader
No one knows anything, TAH, so we must simply trade the waves. And they amy take us up or down from here.

I am hoping that any rally is short lived as I am short the AU futures based on a daily set up. But my stop loss is in place, so I'll let the market decide.

hi DD
how do you trade using daily setuP? isn't it hard to see the waves there ?
  • #25,948
  • Sep 4, 2011 10:18pm Sep 4, 2011 10:18pm
AU:

A CT trade. EP long = 1.0592.

1. Not London session. Higher risk.
2. Proper PA wave, with leg 1 thru Dragon and leg2 pulled back to SR.
3. Dragon angled up.
4. PA inside Dragon at EP, not above. Higher risk.

To me, this looks overall like a PA bounce upwards at the whole number, even though PA took a brief dive below, which I consider all the more positive for a move up, which would be a pullback upwards in the overall down trend.
Attached Image (click to enlarge)
Click to Enlarge Name: # sept 4, 2011 - 037.gif Size: 30 KB
  • #25,949
  • Sep 5, 2011 12:43am Sep 5, 2011 12:43am
  •  sam21
  • | Joined Aug 2010 | Status: Soon to be employed by the market | 125 Posts
I'm i getting this right ,,, coment please
Attached Image (click to enlarge)
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  • #25,950
  • Sep 5, 2011 1:25am Sep 5, 2011 1:25am
Looks good. I had my entry a little bit lower. A few pips below the las blue support.
  • #25,951
  • Sep 5, 2011 2:09am Sep 5, 2011 2:09am
I've noticed that a lot of big moves begins before London's open. Is it safe to open the position there?
  • #25,952
  • Sep 5, 2011 2:12am Sep 5, 2011 2:12am
Quoting traderathome
AU:

A CT trade. EP long = 1.0592.

1. Not London session. Higher risk.
2. Proper PA wave, with leg 1 thru Dragon and leg2 pulled back to SR.
3. Dragon angled up.
4. PA inside Dragon at EP, not above. Higher risk.

To me, this looks overall like a PA bounce upwards at the whole number, even though PA took a brief dive below, which I consider all the more positive for a move up, which would be a pullback upwards in the overall down trend.
thanks for your inputs tah and dd, i hope if not too much for other seniors to request if its also possible to do the same inputs regarding the entries so we noobs can learn how you pre-qualify the entries before taking the trades.
thanks a lot.
  • #25,953
  • Sep 5, 2011 3:59am Sep 5, 2011 3:59am
Quoting traderathome
Yes, Nando, there is a way, but you might not like it. Use a Heiken-Ashi + Standard Candles indicator. Use the standard candles, and color black both bull and bear candles. If you add the indy to the chart list of indys after the Dragon Band indy, then the candles will be on top of the Dragon. I suggest black for bull and bear candles because the indy will not very well show a bull candle in shades of gray. The SonicR PV Candles indy, added after the HA-Std candles indy, will paint on top of the black candles. See attached picture.

And, there...
Thanks for your help...

Then, i prefer my black & withe candles and my almost inexistent dragon...anyway it's not very important for me...just an average.

Regards,
Nando.
"Being picky only cost your time - not MONEY"...Hans
  • #25,954
  • Sep 5, 2011 6:17am Sep 5, 2011 6:17am
Hi All,

I've read the thread and wanna say thnx to Sonic and all the contributers. The system looks really awesome. So I've decided to try.

Here's my chart. Please comment if this is a correct entry?

https://lh3.googleusercontent.com/-N...kZAkH6UV0=s512

Thanks!
  • #25,955
  • Sep 5, 2011 8:06am Sep 5, 2011 8:06am
Quoting traderathome
AU:

2. Proper PA wave, with leg 1 thru Dragon and leg2 pulled back to SR.
3. Dragon angled up.
4. PA inside Dragon at EP, not above. Higher risk./.
M5 should never be used for CT trades, IMHO. You were entering just as price was rallying for a first touch of the dragon on M15. The dragon often acts as "dynamic" Support and Resistance, i.e. it offers resistance during down trends and support during up trends, and as it is a "moving" average, this support and resistance is dynamic becuase it moves or changes level as PA develops. It is not nearly as important as actual chart levels, but you are better to heed it than trade againsts it.
  • #25,956
  • Sep 5, 2011 8:53am Sep 5, 2011 8:53am
Quoting sam21
I'm i getting this right ,,, coment please
Looks good to me, especially as this trade was aligned with the daily TF PA.

If you are still short, and this is a demo trade or a small trade where you do not need the profit, then you should place your TP at 1.0100 and see if you can catch a thousand pipper this week!
  • #25,957
  • Sep 5, 2011 8:55am Sep 5, 2011 8:55am
Quoting phi1ipp
Hi All,

I've read the thread and wanna say thnx to Sonic and all the contributers. The system looks really awesome. So I've decided to try.

Here's my chart. Please comment if this is a correct entry?

https://lh3.googleusercontent.com/-N...kZAkH6UV0=s512

Thanks!
I do not see your chart.
  • #25,958
  • Edited 9:16am Sep 5, 2011 9:04am | Edited 9:16am
Quoting traderathome
AU:

A CT trade. EP long = 1.0592.

1. Not London session. Higher risk.
2. Proper PA wave, with leg 1 thru Dragon and leg2 pulled back to SR.
3. Dragon angled up.
4. PA inside Dragon at EP, not above. Higher risk.

To me, this looks overall like a PA bounce upwards at the whole number, even though PA took a brief dive below, which I consider all the more positive for a move up, which would be a pullback upwards in the overall down trend.
AU:

Stopped out.

EP= 1.0592, minus SL= 1.0581, minus spread, equals net loss of 16 pips.
Attached Image (click to enlarge)
Click to Enlarge Name: # sept 5, 2011 - 038.gif Size: 30 KB
  • #25,959
  • Sep 5, 2011 9:10am Sep 5, 2011 9:10am
Quoting traderathome
GU:

Added short, EP = 1.6290, on basis of stopping volume as price again made the whole number area. Trade TP and SL have been revised.
GU:

Closed this three part short trade.

EP average = 1.6214, minus close = 1.6066, minus spread, equals net gain of 144 pips x three parts = net gain of 432 pips.
Attached Image (click to enlarge)
Click to Enlarge Name: # sept 5, 2011 - 040.gif Size: 34 KB
  • #25,960
  • Sep 5, 2011 9:14am Sep 5, 2011 9:14am
Quoting traderathome
GU:

Entered short, EP= 1.6200.
GU:

Manually closed this short.

EP= 1.6200, minus close= 1.6067, minus spread, equals net gain of 129 pips.
Attached Image (click to enlarge)
Click to Enlarge Name: # sept 5, 2011 - 041.gif Size: 32 KB
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