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Sonic R. System

  • #29,021
  • Dec 16, 2011 12:06pm Dec 16, 2011 12:06pm
You just never know what the price might do. Take a look at the next to last candle on this chart of EU M15. It shows an approximate 40 pip jump, beginning in the center of the candle and reaching out to extremes in both directions. I haven't seen this happen very often. What the heck is going on in such a situation?!!!!?
Attached Image
  • #29,022
  • Dec 16, 2011 12:18pm Dec 16, 2011 12:18pm
Quoting ArtfulDodger
You just never know what the price might do. Take a look at the next to last candle on this chart of EU M15. It shows an approximate 40 pip jump, beginning in the center of the candle and reaching out to extremes in both directions. I haven't seen this happen very often. What the heck is going on in such a situation?!!!!?
On M1 it looks like some BBs did a SL hunt (first box), followed by a buying spree (second box). PA should go up following this, but it is late on a Friday, so who knows what will follow.
Attached Image (click to enlarge)
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  • #29,023
  • Dec 16, 2011 12:36pm Dec 16, 2011 12:36pm
Quoting ArtfulDodger
You just never know what the price might do. Take a look at the next to last candle on this chart of EU M15. It shows an approximate 40 pip jump, beginning in the center of the candle and reaching out to extremes in both directions. I haven't seen this happen very often. What the heck is going on in such a situation?!!!!?
Exactly...is better FI/FO (Fast In Fast Out) in the forex market...it's the most volatile market...

If i was trade this scalp it had done so...

The Fe study right placed had saved me...but how you say...you just never know...


Regards,
Nando.
Attached Image (click to enlarge)
Click to Enlarge Name: eu_m5.gif Size: 31 KB
"Being picky only cost your time - not MONEY"...Hans
  • #29,024
  • Dec 16, 2011 3:28pm Dec 16, 2011 3:28pm
Well we made it through another week of trading. I made a concerted effort to pay attention to the PA and to try and follow the Sonic R rules. I feel that this weeks trading has been a positive educational experience for me. I wasn't so much concerned with the results as I was with the process. I am beginning to grow a little more confident with every passing week.

Thanks to Sonicdeeday, TAH, and everyone else that participates in this thread. I honestly believe this is the best possible method of Forex trading (and I've tried several other methods - unsuccessfully).

See y'all next week for another go-around!

  • #29,025
  • Dec 16, 2011 3:53pm Dec 16, 2011 3:53pm
EU:

As market comes to a close for the week, M1 shows another spike down on high volume. I believe the BBs are buying.

Edit: Added 2nd pic, M15 showing price climbed after the spike down, all on relatively high volume for the last minutes of the market. Sure looks like another BB run on long stops followed by a buying spree.
Attached Image(s) (click to enlarge)
Click to Enlarge Name: dec 2011 - 126.gif Size: 24 KB
Click to Enlarge Name: dec 2011 - 127.gif Size: 34 KB
  • #29,026
  • Dec 16, 2011 4:52pm Dec 16, 2011 4:52pm
Tah,

When you post your results at the end of the week, can you also include trade details of those trades, such as a export of the MT4 statement and just hid the account balances, etc? This would be a quick and easy, but very useful way for us to compare your trades with ours to see if we are on track, taking similar trades, if there are trades we took but you didn't, we can ask then about it, etc...will make us all around better imo.
  • #29,027
  • Dec 16, 2011 4:54pm Dec 16, 2011 4:54pm
also what support indicator are you using? It is not in the first post..or at least it doesn't match.

And when you say BB, you mean Bollinger bands?
  • #29,028
  • Dec 16, 2011 6:37pm Dec 16, 2011 6:37pm
My Week With The Sonic R. System:

Made only 6 trades, half of which are still running with a net loss. Of the 3 trades closed....

2 closed for 31 pips net gain
1 closed for 40 pips net loss

That is a net loss of 9 pips on the closed trades (there is a much greater loss currently on those still open), and a hit rate of 66.7%.

It was a crazy week, both for the market as well as for me personally. These trading results are not representative at all.

The rest of December, so far as the market goes, could be anything. It usually is dull. However, with the euro in the shape it is in, any new announcements could momentarily fire things up. We'll see.

Regards,
-tah
  • #29,029
  • Dec 16, 2011 6:41pm Dec 16, 2011 6:41pm
Quoting jdtrader
also what support indicator are you using? It is not in the first post..or at least it doesn't match.

And when you say BB, you mean Bollinger bands?
What do you mean by "support indicator"?
BBs = "Big Boys", a term used early on by Sonicdeejay to describe those well monied players that move the price.
  • #29,030
  • Dec 16, 2011 6:46pm Dec 16, 2011 6:46pm
Quoting jdtrader
Tah,

When you post your results at the end of the week, can you also include trade details of those trades, such as a export of the MT4 statement and just hid the account balances, etc? This would be a quick and easy, but very useful way for us to compare your trades with ours to see if we are on track, taking similar trades, if there are trades we took but you didn't, we can ask then about it, etc...will make us all around better imo.
My posting of week results is both a courtesy for the curious, and a position statement for the antagonists. Each and every trade is posted on this thread, practically every one of which is posted live/real time. I plan to keep things as easy for myself as possible while continuing this tradition, and therefore I am not considering any changes to the way I am doing this.
  • #29,031
  • Dec 16, 2011 8:03pm Dec 16, 2011 8:03pm
Quoting traderathome
What do you mean by "support indicator"?
BBs = "Big Boys", a term used early on by Sonicdeejay to describe those well monied players that move the price.
support indicator meaning indicator showing support/resistance exit possibilities.

In the sonic's template, there is an indicator that shows Fib and MR1 MR2, etc, but you sometimes also include charts/exits around RDH, PVT, DR2, DR3, and others, etc. I was wondering what you are using and if we should use those too? Thanks tah
  • #29,032
  • Dec 16, 2011 8:04pm Dec 16, 2011 8:04pm
Quoting traderathome
My posting of week results is both a courtesy for the curious, and a position statement for the antagonists. Each and every trade is posted on this thread, practically every one of which is posted live/real time. I plan to keep things as easy for myself as possible while continuing this tradition, and therefore I am not considering any changes to the way I am doing this.
What you do is already appreciative....it was worth a try
  • #29,033
  • Dec 17, 2011 4:42am Dec 17, 2011 4:42am
Could someone recomend me some reading material about waves? My knowledge is for now limited to what I got from babypips.
Thoughts are things
  • #29,034
  • Edited 1:00pm Dec 17, 2011 7:03am | Edited 1:00pm
Quoting Quezoy
Could someone recomend me some reading material about waves? My knowledge is for now limited to what I got from babypips.
I don't have a recommendation for a book about waves, but I'm sure you would find a long list just by Googling the topic.

One book I have read, and I highly recommend, is "Bird Watching in Lion Country." It has some extremely educational information that applies to Forex trading and a terrific section about leverage and money management techniques.

Hope that helps!
  • #29,035
  • Dec 17, 2011 8:53am Dec 17, 2011 8:53am
Inserted Video


Sonic
  • #29,036
  • Edited 10:15am Dec 17, 2011 10:02am | Edited 10:15am
Quoting paapi
Hi Alrightfrank..,

Hope you don't mind., but i'm seeing Base C.., stoploss, etc., in the chart u've presented.., is it fibonacci that u've renamed as such?.., If so...., can you tell me how exactly you use it?
its not mine, hans is the one introduced it on this thread:

http://www.forexfactory.com/showthre...15#post4905215

or this post: http://www.forexfactory.com/showthre...71#post5064571


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


LATEST VOLUME STUDY POSTED BY SONIC
http://www.forexfactory.com/showthre...4792&page=1839
POSTS: #27574 #27576 #27577

http://www.forexfactory.com/showthre...84#post5229284

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



Frank
  • #29,037
  • Dec 17, 2011 10:18am Dec 17, 2011 10:18am
Quoting jdtrader
support indicator meaning indicator showing support/resistance exit possibilities.

In the sonic's template, there is an indicator that shows Fib and MR1 MR2, etc, but you sometimes also include charts/exits around RDH, PVT, DR2, DR3, and others, etc. I was wondering what you are using and if we should use those too? Thanks tah
In the Sonic R. System Post#1, try the link to the tah indys/templates. Check out the SonicR Chart Panel. You are probably a more advanced coder than myself, but I believe what you are referring to is all in that single indicator.
  • #29,038
  • Dec 17, 2011 10:37am Dec 17, 2011 10:37am
Quoting traderathome
In the Sonic R. System Post#1, try the link to the tah indys/templates. Check out the SonicR Chart Panel. You are probably a more advanced coder than myself, but I believe what you are referring to is all in that single indicator.
Thank you. Found it.
  • #29,039
  • Dec 18, 2011 10:51am Dec 18, 2011 10:51am
Quoting alrightfrank
its not mine, hans is the one introduced it on this thread:

http://www.forexfactory.com/showthre...15#post4905215

or this post: http://www.forexfactory.com/showthre...71#post5064571


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


LATEST VOLUME STUDY POSTED BY SONIC
http://www.forexfactory.com/showthre...4792&page=1839
POSTS: #27574 #27576 #27577

http://www.forexfactory.com/showthre...84#post5229284

INTRO...
alrightfrank... thanks very much. was looking for this
"Taking Responsibility is The Cornerstone of A Winning Attitude"
  • #29,040
  • Dec 18, 2011 4:27pm Dec 18, 2011 4:27pm
sonicdeejay, traderathome, and/or any other veterans trading live successully...

So far, I have noticed several situations that come up that are like this and would like to know based on the original sonic proven method, how these kind of situations are handled. It is very easy to say after seeing results after the fact, but I'm asking based on the original sonic rules and as if it's developing how this should be handled for these kind of cases.

What I notice is a setup forms for long, but then setup forms for short, and vice versa, and happens so many times. Look at my screenshot.

Lets say market is at first arrow, there is a H and a LH, and a PERFECT SHORT shot comes up...dragon is sharply down, it is under the 89 MA, CCI, QQE is under and angle down, etc...it seems to be perfect scenario.....then only a few bars later a PERFECT LONG comes up....at the second arrow I have L and then LH, dragon is sharply up, it is over 89 MA, CCI, QQE is above and angle up, etc etc.

So within a few bars of each other a perfect long and a perfect short arise. From my development, I see many many of these scenarios come up. This is just one example...some stronger, some weaker, some wave angles stronger supporting this, others weaker, etc...but the underlying issue I'm not sure how is handled by sonic for perfect scenarios is how is this handled correctly in the original strategy??

Clearing this up will probably also answer many other's questions or confusion because I have seen posts where one goes long and another goes short within bars of each others. Any explanation to this confusion on clear cut which of the perfect scenarios are taken in the original rules is desired.

Thank you!
jdTrader

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