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Sonic R. System

  • #28,841
  • Dec 9, 2011 10:25am Dec 9, 2011 10:25am
Quoting paapi
Hi TAH..,

Can you please show me the wave on this long that u've entered.., i am confused here
Here you go. Right now you can find a nice PA wave on M5, also.
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  • #28,842
  • Dec 9, 2011 10:30am Dec 9, 2011 10:30am
Quoting traderathome
EU:

...My SLs all this last day have been mental. This is has been forced on me by FXDD because they, more frequently of late, place restrictions on where you can place a SL (and even a TP!). Right now, they won't let anyone place a SL or TP within 40 pips of the current price! If you think that is ridiculous, AJ has a day range of about 114 pips and FXDD won't let anyone place a SL or TP within 100 pips of the current price! On AJ, I have moved my SL multiple times today, but all mentally due to this bullshit from FXDD.
Would be my last day at that broker.
Mind the gap
  • #28,843
  • Dec 9, 2011 10:39am Dec 9, 2011 10:39am
Quoting Sunbrella
Would be my last day at that broker.
Yeah, I am looking around.

I've multiple accounts with them, a throwover from my year of "experiment" trades that started late in 2010 because I needed them to negotiate my crazyness. Over the holidays I'll consider what to do about this. Most of the time FXDD lays off of the restrictions on where traders can place a SL/TP, but almost always recently when the market goes volatile those restrictions appear.

They are a "desk dealing" broker, right? If so, my guess is that their trading against their clients is not going so well, and these ridiculous restrictions are to further disadvantage as many retailers as possible (those that cannot be at the computer managing their trades) when they are scrambling themselves to profit from swings.
  • #28,844
  • Edited 11:29am Dec 9, 2011 10:52am | Edited 11:29am
Quoting traderathome
AJ:

Re-entered, again long, this time as Sonic SC trade (EP= 78.56). Part of my reasoning is that PA has been driven down hard considering this is the asian session not noted for big runs. Also, it is possible that since the asian BBs yesterday had the opportunity to short between 80.00-79.50, and that now they have the current price better than 100+ pips lower on the average, they might be closing those shorts, and maybe even going long, before calling it quits for the week. Finally, the highest volumes are at the lows of this drive down.
AJ:

After making SC long entry (Scout is high risk) in the asian session (asian session is high risk) and expecting the price to move on up, I watched it decline further as time approached FO/LO (result of 2x high risk! ). I moved SL from below 1/4 number to below whole number. That was placing it below the range low for the day, as well as below GMT pivot DS2,.....figured those should be support enough to hold PA from going lower unless the bottom was going to fall out ().

Later, PA treked back to TP1, which I ignored. Then it pulled back to my original EP and started up again. I made another long trade, an early entry to a SonicR long, just below the 3/4 number (EP= 78.74), moved SL up between both trade entries to guarantee no net loss.

I drew a dashed red line to remind me if PA made it back to TP1 (now being ignored), then I would move SL above the 2nd trade EP. This I have now done ( ).

I've added 2 new TP locations to the higher of the two orginal TPs, because the day is getting very old, a Friday, and things might start winding down quickly.

I am assured some profit if the SL is hit, but I'll likely close these two trades before the end of the day, regardless of where PA is.
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  • #28,845
  • Edited 11:32am Dec 9, 2011 11:13am | Edited 11:32am
UChf Comment:

This is trading in a very uniform range, except for.......

......two whopping drives down, loaded with high volume at the lows!

At the lows.....closing shorts? Going long? Gee, either way or both, it is enough to make one wonder if USD is coming back in season. There is no wonder about one thing though, BBs can manipulate prices dramatically whenever it is their will to do so,.....big down, big trading, and then returned price right back into the range.
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  • #28,846
  • Dec 9, 2011 11:18am Dec 9, 2011 11:18am
Hi Domas4! Long time, no see. Welcome!
  • #28,847
  • Dec 9, 2011 11:40am Dec 9, 2011 11:40am
EU Comment:

This is looking bullish. Too bad it is late in the day. Too bad it is Friday, and not a Monday! Could surprise of surprises happen.......

....... a gap up for the open next week?


(And a rush back to the highs,......for another of the euro's last "Hurrah!"?)

Don't get me wrong, Sonikers. All this bouncing back and forth does not upset me. I love it! We all should love it because up or down, who really cares? Just so long as the moves are extended enough to be profitably traded. That is all that counts.
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  • #28,848
  • Dec 9, 2011 12:20pm Dec 9, 2011 12:20pm
Quoting traderathome
AJ:

After making SC long entry (Scout is high risk) in the asian session (asian session is high risk) and expecting the price to move on up, I watched it decline further as time approached FO/LO (result of 2x high risk! ). I moved SL from below 1/4 number to below whole number. That was placing it below the range low for the day, as well as below GMT pivot DS2,.....figured those should be support enough to hold PA from going lower unless the bottom was going to fall out ().

Later, PA treked back to TP1, which I ignored. Then...
AJ:

Manually closed trade 1 with 53 pips from EP to close (1st pic). This leaves trade 2 still running (2nd pic).
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  • #28,849
  • Edited 1:12pm Dec 9, 2011 12:46pm | Edited 1:12pm
Market Comment:

This being Friday, I am reminded of our Master's statement that Fridays can frequently be stop loss hunting days. When they are, prices strangely move in the last hours/minutes of the day. I am watching to see if that occurs.

For example, EU looks bullish. But many may feel it deserves to be bearish, and as the "market" sees it, it actually might be. And if it is, then the "market" might go on a SL hunt on shorts, driving the price higher and also making PA look bullish so it can take the short side of any new long orders......?

Yeah, that is overthinking the last of the weeks PA (and PA that hasn't even happened yet ),.....which is probably meaningless after the exhibitionist week the BBs put on for us. Consider it, if EU closed right here, after all the swings up and swings down this week, it would end up being only about 30 pips off of the close of last week! .......

.....That is a lot of screwing around with the price, no matter what the fairy tale stories are. Well, I've always thought that the BBs need to make their weekly quota of money, regardless of all else.
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  • #28,850
  • Dec 9, 2011 1:16pm Dec 9, 2011 1:16pm
Quoting traderathome
AJ:

Manually closed trade 1 with 53 pips from EP to close (1st pic). This leaves trade 2 still running (2nd pic).
AJ:

Trade 2 closed with 49 pips from EP to TP.
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  • #28,851
  • Dec 9, 2011 2:57pm Dec 9, 2011 2:57pm
Quoting traderathome
EU:

Entered M15 SonicR long (EP= 1.3377).

Edit: Update (2nd pic),.....when price began to drop for the second time in the US session, I lowered SL below TL. My SLs all this last day have been mental. This is has been forced on me by FXDD because they, more frequently of late, place restrictions on where you can place a SL (and even a TP!). Right now, they won't let anyone place a SL or TP within 40 pips of the current price! If you think that is ridiculous, AJ has a day range of about 114 pips and FXDD won't let anyone place a SL or TP within...
EU:

Manually closed for 5 pips loss from EP to close.
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  • #28,852
  • Dec 9, 2011 3:03pm Dec 9, 2011 3:03pm
My Week With The Sonic R. System:

No open trades.

15 trades gained 646 pips, average of 43 pips per winning trade.
08 trades lost 160 pips, average of 20 pips per losing trade.

23 trades total for a total of 486 pips gained. Hit rate is 65+%.

Regards,
-tah
  • #28,853
  • Dec 9, 2011 5:24pm Dec 9, 2011 5:24pm
Quoting traderathome
My Week With The Sonic R. System:

No open trades.

15 trades gained 646 pips, average of 43 pips per winning trade.
08 trades lost 160 pips, average of 20 pips per losing trade.

23 trades total for a total of 486 pips gained. Hit rate is 65+%.

Regards,
-tah
Nice!! Switch brokers if FXDD is screwing around. I will change brokers soon as well. Once i fund my account to good amounts.
  • #28,854
  • Dec 10, 2011 8:03am Dec 10, 2011 8:03am
Good day;


I have been trying to find any document on the web explaining the SONIC CCI colors' indications, but never been lucky. if someone has such file, please post it here. I assume it has been posted in this thread, but it is obviously difficult to find.
  • #28,855
  • Dec 10, 2011 11:30am Dec 10, 2011 11:30am
Quoting aalaoni
Good day;


I have been trying to find any document on the web explaining the SONIC CCI colors' indications, but never been lucky. if someone has such file, please post it here. I assume it has been posted in this thread, but it is obviously difficult to find.
As you can see from recent Sonicdeejay posts, the CCI is no longer being used by him. No matter the colors, most use yellow for the single bar that marks the time after which trading in the direction of the CCI is safest. Most previous users of CCI retained yellow for that important bar, and modified the other colors to suit themselves.

You might "Google" the CCI indicator to find any specific instructions/explanations you might be looking for.
  • #28,856
  • Dec 11, 2011 9:38am Dec 11, 2011 9:38am
EU Analysis For New Week:

Based on the Daily chart (attached), price could start by going either up, or down. If it goes up, it could at some resistance, turn down. If it goes down, it could at some support, turn up. Of course, if it starts up, but turns down at resistance, it could later turn back up at support. Or, if it starts down, but turns up at support, it could later turn back down at resistance,......

(Any wonder that while Sonicdeejay is alright with having a bias, he nevertheless recommends simply waiting to see what sets up in the London sessions?)

Good London session trading to all Sonikers this new week,
-tah
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  • #28,857
  • Dec 11, 2011 10:14am Dec 11, 2011 10:14am
EU:

Here is a M15 chart of Friday. As you can see, the Frankfurt BBs dipped the price and traded heavily at the lows. Then the LO BBs joined in with a surge of trading that lifted the price more. Later, there was a drive to the highs, where it is probable the BBs closed those long positions. The price was allowed to decline. Into the US session, the BBs again participated in a surge of trading that pushed the price upwards again. After that, for the remainder of the day, it looks like nobody in particular was interested in promoting any more notable drives either up or down.

One hyposthesis of the PA on Friday is that the BBs focused on going long at lows, and closing those longs at highs, as differentiated from opening shorts at highs and driving the price down to close them at lows. If this is a correct interpretation of the volume/price story on Friday, then the BBs were bullish.

If the BBs were bullish on Friday, they might carry that sentiment over into the new week. But anything (news, lack of news, etc.) could void that assumption! So, whether or not you possess a bias, it is always best to simply wait for the London session to see what might set up. The "market" doesn't care about our bias, and the "market" is extremely predatory. Our best odds are when most of the "forex money" goes active, and that is in the London session. And that is when a Sonic R. System setup has the best chance at success.

Regards,
-tah
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  • #28,858
  • Dec 11, 2011 5:13pm Dec 11, 2011 5:13pm
Quoting traderathome
EU:

Entered M15 SonicR long (EP= 1.3377).

Edit: Update (2nd pic),.....when price began to drop for the second time in the US session, I lowered SL below TL. My SLs all this last day have been mental. This is has been forced on me by FXDD because they, more frequently of late, place restrictions on where you can place a SL (and even a TP!). Right now, they won't let anyone place a SL or TP within 40 pips of the current price! If you think that is ridiculous, AJ has a day range of about 114 pips and FXDD won't let anyone place a SL or TP within...
I thought I had the same problem with FXDD but customer support said 40 is really 4.0 ie 4 pips and zeor pipettes. 100 is 10 pips and zero pipettes. Check with FXDD customer support - extension #4 I think.
  • #28,859
  • Edited 6:44pm Dec 11, 2011 6:08pm | Edited 6:44pm
Quoting piprac
I thought I had the same problem with FXDD but customer support said 40 is really 4.0 ie 4 pips and zeor pipettes. 100 is 10 pips and zero pipettes. Check with FXDD customer support - extension #4 I think.
Thank you for posting that information. However, it does not explain why, when showing that a SL or TP must be at least "40" pips away from the current price, and if that really meant just "4" pips, and I tried to put in a SL order about 13 pips away from the current price, it refused to do so!

The next time this happens, should it cause me problems, I certainly will call FXDD about it. There is no excuse for the platform to say what it does not mean, nor for FXDD to refuse to comply with what it does not say!

Forex trading is difficult enough without brokers like FXDD using confusing wording on their platform's order tile, and then not complying with what they claim it really means! FXDD could be a "user friendly" broker, and fix it. Or, FXDD can remain a "user unfriendly" broker and simply ignore it,....let Metaquotes fix it (if ever!).
  • #28,860
  • Dec 11, 2011 8:08pm Dec 11, 2011 8:08pm
AJ:

Maybe one to watch for a SonicR long setup in the London session today. The Daily chart shows bullish hammer candle, which needs subsequent PA confirmation. M15 shows asian session BBs started the week off by driving the price lower, with the higher volumes coming in at the lower prices. This implies the building of long positions. If price is to go up, then the FO/LO BBs could achieve even lower lows before driving it higher.

The AU charts are similar.
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