Sonic R. System

i took an look on eurchf and usdchf ...

ohhh yess sthe eur weakness was clear ...

only 2 shoots in this majors ...

may it is helpfull for someone ...

offcause it was live ------------- enigma4x style

eu shoot

http://www.forexfactory.com/showthre...63#post4937863

only one day later

cable shoot

http://www.forexfactory.com/showthre...58#post4941058

enigma4x has spoken


my vid g style - trade f*** g style - millitary - I´m malcolm on it



one mor vid dedicated to mobb deep

Support and Resistance: A Primer from a Soniker's Perspective

This is my attempt to put together a primer, a "first reader" if you will, in the basics of support and resistance. Support and resistance is universal. SonicR is successful because it uses S/R as its building block.

S/R is natural, like wood and stone and water and sand. SonicR is the technology that turns sand and water to concrete and the architectural plans that turn wood and stone into beautiful buildings.

Therefore, I will try to write this primer through the lens of SonicR "glasses," at least through my, ddaytrader's particular prescription. Mine is not the only way, but it is a way that works.

Support: This refers to a level of prices, usually identifiable as a zone rather than a specific single price point, where buying demand overcame the amount of supply offered by sellers. There is an imbalance between supply and demand, with demand > (greater than) supply, and prices subsequently rise.

Resistance: This refers to a level of prices, usually identifiable as a zone rather than a specific single price point, where the supply offered by sellers overcame the amount of demand bid by the buyers. There is an imbalance between supply and demand, with demand <(less than) supply, and prices subsequently fall.

Inflection Point: An inflection point refers to a level, very often identifiable as a specific price point or a very narrow range, where buyers and sellers seem to be more or less in balance. Price tests back and forth across this level. This area will become either support or resistance, but it is not yet either.

Soniker Notes

1) As Sonikers, we identify the point at which an area becomes support or becomes resistance as that point in time where either the buyers or sellers establish control as evidenced by a series of higher highs and higher lows (Buyers in control) or Lower Lows and Lower Highs (sellers in control).

2) SonicR set ups around inflection points can easily flip from long to short and short to long and back again.

3) SonicR set ups around inflection points will have higher percent whipsaws and stop outs.

4) Inflection points are between S/R levels, they are not S/R itself.

5) If price falls from R to S, and rises into a consolidation around a clear inflection point, bias for breakout should be short.

6) If price rises from S to R and then falls into a consolidation with a clear inflection point, breakout bias should be long.

7) Your bias is only important to you. The market could not care any less for you and your bias than it currently does, and it will do whatever it is going to do. Bias only helps us to avoid or to minimize the times we are whipsawed. The result will be both fewer losses but also missed winning opportunities as well. Nothing comes without a price - trade offs are everywhere.

Here is an S & R Study I have made up to try to illustrate the above points. It may not be perfect, but it should help those struggling with the concepts of S & R to get started.

It is a study. Therefore, the market will never be so easy to read as this simple diagram. Learning to read price action in real time takes practice and study. It is like learning to read. First, we learn letters and sounds, then we put them together into words and then we build a vocabulary and finally we learn to read. From what I see here, there are many junior Sonikers who are trying to learn to read the market, but do not have the right words with which to do so. I hope the information in this post helps to give you the right words.

Now, as I said, this is a study. Please study it and then try to apply it to a chart or two of actual price action on your own. Immediately asking a hundred questions about the study without actually attempting to study it will do you no good.

In other words, questions are welcome, but please, do some solitary soniker study on your own first - you will thank yourself for it (and so will I).

Sincerely,

DD

great post

I´m bored

just my cents ...



great clear knowledge

enigma4x has spoken

This is a wonderful post, ddaytrader, that should enhance the understanding of support and resistance of most all Sonikers. Your inclusion of the inflection zone (also referred to by some as PPZ or Pivotal Price Zone); the explanation of it's role, and therefore it's potential effect on Sonic R. setups, is a gem.

Thank you for the kind words, TAH.

I'm not familiar with "PPZ" or "Pivotal Price Zone," but if this is the same as "pivot point" calculated from previous day's HLC then that is not the same thing.

Such floor pivots are, like all indicators, derivative of price, and are really just a form of an average price, e.g. H+L+C/3.

When I refer to an inflection point, it is an actual price action chart level.

I'd rather keep my diagram and my explanation as it is, and let others define their own terms their way.

Sonic

No, the PPZ is not the "pivot point".

The pivot point, as you described, is calculated from the previous day candle price data, and is used when displaying pivots, either based on the Daily or Fibonacci formula. And for both formulas, the pivot point is the same.

The PPZ (Pivotal Price Zone) is as you described for your inflection point. It is where buyers and sellers are matching and battling for control, causing the price to move up and down in a zone, between other support and resistance areas.

I don't know who coined the term, nor where I picked it up, but your term "inflection point", since inflection means "changing" or "turning" is quite appropriate, too. Either way is fine by me, ddaytrader.

PPZ is from the James16 thread

I'm starting to feel like this is a waste of my time.

I don't think so...

Don't give up please!

Regards,
Nando.

Nando, what is he talking about? He just made some great posts. I liked them, anyway. What's going on?

Hi everyone, I am new here and I have been doing so much reading on the Sonic R system.

I came across "Sonic Striker System!!" is that system still been used? Or Is that actually the same as this system?

Thanks guys!

DD, over the weekend I just reviewed your recent posts in the last few weeks, excellent posts from you.

No, you are not wasting your time.
Please keep it up and continue.

Please explain to others so they understand why you feel you are wasting time.

Going with the flow, go with DD's flow for the moment.

EU:

Should I be in a state of suspense, or boredom? As the first session of the week, should we expect uneventful posturing for the week ahead?
Maybe the London session holds surprises, after licking the eruo took Friday?

I plan only on shorting this, and would like to see the price retrace upwards first. So, I'll bide my time and first see what kind of PA there is today.

where do u think the retrace will go up to?

how to get the RDH and RDL????
thanks

GREAT ADDTL TREASURE FOR SONIC NOTEVAULT!!! THANKS SO MUCH DD

Now some of you friends may also want to check this out, next to Sonics input from the very first page of this thread:

INTRO TO SONICR AND SUPPORT AND RESISTANCE POSTED BY DD & HANS
http://www.forexfactory.com/showthre...4792&page=1585
POSTS: #23765 #23767

BEST TEMPLATE CONTRIBUTOR TAH:
http://www.forexfactory.com/showthre...75#post4785975

SENSIBLE FE SETUP BY HANS:
Fib Settings
http://www.forexfactory.com/showthre...83#post4857183

How to set the fib tool
http://www.forexfactory.com/showthre...49#post4863149

Hans Fib Example Chart
http://www.forexfactory.com/attachme...2&d=1311107318

hope you find this use-FULL

-F

I don't know...

He made a great post...i agree...

I loved follow reading this sort of post of DD...so i answered it's not a waste of time.


Regards,
Nando.

Yeah...the Stock market and EU / GU / EJ / AU are in free fall ... When will stop?

Hi All,

I'm just thinking if CHF pairs are suitable for trading after Central Bank's intervention? Do you think they'll allow it to be fluent?