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Sonic R. System

  • #28,921
  • Dec 13, 2011 1:42pm Dec 13, 2011 1:42pm
EU:

Closing in on the Week range low mark. I can hear the pit bosses in the BB's trading rooms.....

"Come ON, guys! Hit it harder! Drive it down now, now, NOW! Hit the weekly range low area! .........then we still have the better part of the week to drive it back UP! 200 pips down today, and 400 pips back up by Friday! Come On, guys. Let's make some MONEY!"

(Speculation, of course )
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  • #28,922
  • Dec 13, 2011 2:19pm Dec 13, 2011 2:19pm
Quoting traderathome
EU:

Closing in on the Week range low mark. I can hear the pit bosses in the BB's trading rooms.....

"Come ON, guys! Hit it harder! Drive it down now, now, NOW! Hit the weekly range low area! .........then we still have the better part of the week to drive it back UP! 200 pips down today, and 400 pips back up by Friday! Come On, guys. Let's make some MONEY!"

(Speculation, of course )
The price fell below the lowest day in several months time. What's in store for us now?
  • #28,923
  • Dec 13, 2011 5:03pm Dec 13, 2011 5:03pm
Quoting traderathome
EU:

Closing in on the Week range low mark. I can hear the pit bosses in the BB's trading rooms.....

"Come ON, guys! Hit it harder! Drive it down now, now, NOW! Hit the weekly range low area! .........then we still have the better part of the week to drive it back UP! 200 pips down today, and 400 pips back up by Friday! Come On, guys. Let's make some MONEY!"

(Speculation, of course )
Adding short is better choice than opening long, in the time like that.. Sir..Example riding along sonic short re-entry..


Sonic
  • #28,924
  • Dec 13, 2011 6:26pm Dec 13, 2011 6:26pm
Quoting sonicdeejay
Adding short is better choice than opening long, in the time like that.. Sir..Example riding along sonic short re-entry..


Sonic
With as hard as the price had been driven down, and a range braking day at that, and outside of London session, well........I had no intentions of messing with that drop, long or short! I am content to wait and see what the next LO brings. There was already too much water over the dam, and it was too late in the day to fart with it.
  • #28,925
  • Dec 13, 2011 10:34pm Dec 13, 2011 10:34pm
Hi, regards to getting overall bias thru H4/D1. What is the range from the chart shld we look at ?

Lets say we open H4, shld once glance on the overall chart or only few days of H4 chart? becox posibility the left half of the H4 chart is uptrend and half chart of the right is in down trend.

maybe its individual preferrence/confident, just wana ask any opinion to share.. thanks

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  • #28,926
  • Dec 13, 2011 10:50pm Dec 13, 2011 10:50pm
Quoting traderathome
AU:

The first PA wave in the attached chart shows your situation in question. .
Thanks tah, now i understand. a nice setup should be seen during 1-4/7-11 period. earlier i tot the setup can be monitor at any hour, but only the entry take place during that 2period.
  • #28,927
  • Dec 14, 2011 12:14am Dec 14, 2011 12:14am
Quoting Fioon
Hi, regards to getting overall bias thru H4/D1. What is the range from the chart shld we look at ?

Lets say we open H4, shld once glance on the overall chart or only few days of H4 chart? becox posibility the left half of the H4 chart is uptrend and half chart of the right is in down trend.

maybe its individual preferrence/confident, just wana ask any opinion to share.. thanks

Attachment
On D or H4 charts, just look for an extreme bullish or bearish recent candle, like a hammer or a engulfing candle. This could result in a Sonic R. setup.

Getting a bias from just the overall "look" of the D or H4 chart is not a help. In fact, by communicating a bias to you, you could end up looking to trade the wrong direction on M15! You could end up seeing things that aren't there, and miss seeing what is there! PA on the M15 is what the market is currently deciding it to be, regardless of the overall "look" on D or H4. Trade what the M15 chart says, and be good with your money management.

Look at it this way. M15 has it's own heart beat, regardless of D or H4. It might beat strongly or weakly, but it beats to it's own tune. And it doesn't necessarily care whether the overall "look" of D/H4 is going up or down. But it's beating might be in tune with the "follow-up" of a D/H4 hammer or engulfing candle! And in this regard, H4 is probably more important than the Daily.
  • #28,928
  • Edited 2:41am Dec 14, 2011 1:39am | Edited 2:41am
AU:

Still have trade on this, but even if not, it is one with PA not so flat as others. Level top and higher lows, could break up, not to mention that after two days of falling a retrace might be in order.

Frankfurt open was over 30 minutes ago, and the market is very quiet. The quiet before the storm? Or, it might just turn out to be a dull day. The market accomplished quite a lot already this week. Maybe it doesn't know what to do next? We'll see.

Edit: Updated chart. I swear that this is looking bullish to me, what with that last stab down that brought in the very high relative volume. But still have to wait to see.

Edit: Added example trade layout. I am already in a trade on this, but the 2nd pic. shows a trade possibility if PA breaks upwards. If that happens, hopefully the Dragon will have some upwards angle on it, because right now it does not!
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  • #28,929
  • Dec 14, 2011 3:15am Dec 14, 2011 3:15am
Looking at 5 min EU and GU. Volume is picking up, could be something brewing or not (like in the past day or so). Waiting for good PA.
  • #28,930
  • Dec 14, 2011 4:18am Dec 14, 2011 4:18am
After much slide for past few days, EU is foaming a box between 1.300x and 1.304x..

See where it breaks..


Sonic
  • #28,931
  • Dec 14, 2011 6:06am Dec 14, 2011 6:06am
Hi, how shld we graps the S&R. sonic sys is using S&R but am a bit lost, shld graps S&R of yesterday's high-low fibo or 60min shi channel or obvious high-low from H4 chart? the top blue line is resistant, the lower blue line is last support bcome resistant, then next support is?

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  • #28,932
  • Dec 14, 2011 6:35am Dec 14, 2011 6:35am
Quoting hansma
Hi Frank,

If you follow the examples in the buy/sell picture you should be okay

1. What I normally do is to wait for the restest to happen, before entering in any direction.

2. I place the FE tool as shown - it normally gives the stoploss location at the high/low or a few pips beyound it.

3. Collect your money - tp 2 and 3 was hit 127/138 level

Hope this helps.

Regards,
H.

Great post my friend...

Thanks.
"Being picky only cost your time - not MONEY"...Hans
  • #28,933
  • Edited 9:45am Dec 14, 2011 9:12am | Edited 9:45am
I'm trying to find an EA that will allow me to close all open trades with just one click. I've actually downloaded a couple of them, but had no success getting them to function. I'm looking for something fairly simple to use. Anyone out there have one, or know where I might find a good one? Thanks in advance.

I found what I needed. :-)
  • #28,934
  • Dec 14, 2011 9:39am Dec 14, 2011 9:39am
GU:

ep on arrow position, sl red color. where do u tink shld the tp place to?
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  • #28,935
  • Dec 14, 2011 10:28am Dec 14, 2011 10:28am
Quoting Fioon
GU:

ep on arrow position, sl red color. where do u tink shld the tp place to?
Attachment
Fioon, one of my problems has been setting a firm TP and by doing so, missing out on a good, long run of PA. If you have the time to sit and watch a trade, you could pick a mental point and if things appear to be turning bad, just close the trade at that point. Otherwise, just let it run and set a higher TP as you go along.
  • #28,936
  • Edited 11:07am Dec 14, 2011 10:54am | Edited 11:07am
Quoting traderathome
On D or H4 charts, just look for an extreme bullish or bearish recent candle, like a hammer or a engulfing candle. This could result in a Sonic R. setup.

Getting a bias from just the overall "look" of the D or H4 chart is not a help. In fact, by communicating a bias to you, you could end up looking to trade the wrong direction on M15! You could end up seeing things that aren't there, and miss seeing what is there! PA on the M15 is what the market is currently deciding it to be, regardless of the overall "look" on D or H4. Trade what the M15...
Here is an example for EU:

My H4 chart still has a bit over 2 hours to go, but so far it is shaping up as a hammer/bullish. If the current H4 candle completes as a hammer, then a SonicR long setup may be coming, though perhaps tomorrow. In other words, as the M15 Dragon continues down, PA might drop to create another low before moving up thru the Dragon. All this could transpire up to the next LO, with a breakout up occurring in the London session tomorrow. We just have to be patient.

In the past 8 trading days PA has dropped 600 pips, so if we get a move up it won't matter if it is just a pullback or a trend change, it could be for 300 pips (50% retrace).
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  • #28,937
  • Dec 14, 2011 2:45pm Dec 14, 2011 2:45pm
Quoting mavricos
Hello everybody !!!!
I found one interesting indicator, you may take a look,l or may be you have it. It is called CPM (currency power meter). The Idea is if indicator shows number 2 and lower a currency is willing to turn long, if 8 and higher a currency is willing to go short, you need to compare 2 currencies. It is good for information.
I been going again through Steve Nisons books, and i didn't pay intention before, but VSA, it is Candle patterns on major S/R, by applying volume to pattern, you getting VSA. Just for information.
Marevicos, I like that power meter, but do you have any idea where it came from? I'd like to track down a user guide for it that would explain everything about it.
  • #28,938
  • Dec 14, 2011 6:18pm Dec 14, 2011 6:18pm
I received this PM and am answering it here for the benefit of Sonikers.

"Hi,
wanna ask you: or you enter trade if you see obove is daily pivot ?
because i see a lot that price turn to another way ..
Thx" -

That is not the Sonic R. System. Some think if PA is above the central pivot, that is bullish and that PA is going to climb. Maybe, and maybe not. In any case, that is not the Sonic R. System. Pivots, central and otherwise are aides to selecting TPs, not to define WHEN to make a trade entry. A proper PA wave, proper angle on Dragon, PA on proper side of Dragon (and better still if on proper side of Trend Line) and during the London session, .....all these things go into defining WHEN to make a trade entry.

Regards,
-tah
  • #28,939
  • Dec 14, 2011 8:39pm Dec 14, 2011 8:39pm
see an macd divergence on my chart .. a bullish sign ?

http://i1209.photobucket.com/albums/...divergence.gif
a citizen of earth
  • #28,940
  • Edited 11:07pm Dec 14, 2011 9:43pm | Edited 11:07pm
Quoting makassar
see an macd divergence on my chart .. a bullish sign ?
Hi makassar.

Many have come here and, at one time or another, put MACD on their charts to proclaim divergence, suggesting it be used as an indicator.

Sonicdeejay is adamant about not adding lagging indicators to the chart. And that includes MACD. And I agree with him. And regarding MACD in particular, divergence can sometimes exist for a very long time before PA turns in the other direction.

The MACD, and all technical indicators are derived from the price itself, they are all derivatives of price. We have the price, and with Sonic R. there is no need for price derivatives. That is why Sonicdeejay has stripped them from the chart in favor of a volume indy. Volume is the only indicator not derived from price.

As the boss of your own trading, you can add whatever you want to your chart, but Sonicdeejay has recommended against doing this. Adding such indicators will only distract you from focusing on PA waves and S&R, which are fundamentals of the Sonic R. System.

Sonic R. is about PA waves, support and resistance, and trading when the most money is at work in the market, the London session, to increase the odds that any Sonic R. setup run will be sustained long enough for decent profit to be made.

Regards,
-tah
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