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Sonic R. System

  • #30,001
  • Jan 27, 2012 10:44am Jan 27, 2012 10:44am
Today i took my first trade based on the sonic system. I posted a chart showing my trade.
the first arrow shows a L
the second red arrow shows a HL
there was a break of the upper dragon on the 3rd leg.
The dragon is pointing up

So i set my buy around 10 pips above that candle
My Sl was set at the bottom of the 3rd leg which was around 36 pips
My TP1 was 36pips which was hit few min ago
TP2 will be at daily resistance 2 which will be around 70pips.

Could someone analyze and tell me if im on the right track
Attached Image (click to enlarge)
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  • #30,002
  • Jan 27, 2012 10:51am Jan 27, 2012 10:51am
  •  sam21
  • | Joined Aug 2010 | Status: Soon to be employed by the market | 125 Posts
Quoting traderathome
Sam, ask me that question at the end of the week.

so traderathome how is your trade from the other day...
  • #30,003
  • Jan 27, 2012 11:01am Jan 27, 2012 11:01am
the second trade i took i seen a H
the PA formed a LH
the dragon broke at the bottom
Dragon facing down
placed my sell 10 pips away
My SL at the top of the 3rd leg
TP1 is 1:1
TP2 is 1:2
Attached Image (click to enlarge)
Click to Enlarge Name: trade 2.jpg Size: 108 KB
  • #30,004
  • Jan 27, 2012 1:12pm Jan 27, 2012 1:12pm
hi guys just stopping by to say hello.. Had been following the sonicr system for quite some time but have never really got into studying it.

I find that VSA (only after studying it for a short while) seems to be extremely vital in how the markets move. I have been just following on the 15m and notice that you can filter out the mark-ups, mark-down phases to keep you out of the trap that usually loses traders money and places them on the wrong side of the market

I am able to tell when a trend will continue if each up/down bar is followed with high volume. respectively a false move is one that is followed with low volume. (note this is only the topic of "testing" which I believe is one idea that happens VERY frequently in the market)

Now on to a question about sonic r.

I have multiple templates of sonic r. downloaded and find that the different templates have different settings for the volume.. now is there a difference?? I find that the template labeled "black 2011" shows a volume indicator labeled SonicR VSA.. and I find that one to be the most accurate although I've only been testing it for a short period of time.

Just want to make sure that's the latest one that everyone is using.

Any info on it or linking me to a page with more info on your vsa technique would be greatly appreciated since this is such a vast thread lol.

**Also not sure if anyone can validate this but I was just reading up on vsa over in the commercial forums and one trader identifies the continuation of a trend with the tick value meeting 50% of the previous volume bar before half of the current candle is formed. Vice versa with showing weakness (if tick value does NOT exceed 50% of the previous volume bar within the first 50% of the candle) Thought that was pretty interesting.. not sure if anyone can elaborate.

thanks and happy pipping!
  • #30,005
  • Jan 27, 2012 1:47pm Jan 27, 2012 1:47pm
Quoting Dyekid217
hi guys just stopping by to say hello.. Had been following the sonicr system for quite some time but have never really got into studying it.

I find that VSA (only after studying it for a short while) seems to be extremely vital in how the markets move. I have been just following on the 15m and notice that you can filter out the mark-ups, mark-down phases to keep you out of the trap that usually loses traders money and places them on the wrong side of the market

I am able to tell when a trend will continue if each up/down bar is followed with...
I still use the old NVO, with 48 as period, which calculate last 12 hours.

Regards,
Basber
Trading methods are designed to put the odds in our favor, not predicting.
  • #30,006
  • Jan 27, 2012 2:04pm Jan 27, 2012 2:04pm
Quoting Basber
I still use the old NVO, with 48 as period, which calculate last 12 hours.

Regards,
Basber
cool i'm gonna look into NVO.. read up on it a while back but I was still incompetent on how the market moves.
  • #30,007
  • Jan 27, 2012 2:29pm Jan 27, 2012 2:29pm
Today i took 2 trades
1. EUR/USD - 70 pips
2. USD/CHF - 50 pips

total 120 pips

have a nice weekend everyone.

Im sure the Basber , sonicdeejay , TAH are all very very rich traders if they were using this system for a few years now.
Did you guys make your million dollars yet?
  • #30,008
  • Jan 27, 2012 7:56pm Jan 27, 2012 7:56pm
Quoting Shah101
Today i took 2 trades
1. EUR/USD - 70 pips
2. USD/CHF - 50 pips

total 120 pips

have a nice weekend everyone.

Im sure the Basber , sonicdeejay , TAH are all very very rich traders if they were using this system for a few years now.
Did you guys make your million dollars yet?
Nothing comes easy, dear soniker..
Make sure to be humble for a long run..

Cheer for t pips..

Sonic
  • #30,009
  • Jan 28, 2012 1:15am Jan 28, 2012 1:15am
Hi Sonicdeejay,

I cannot find any thread on the topic Money Management for Sonic R system. Do you have the detail with example for this?

If have, please direct me.

Many Thanks
  • #30,010
  • Edited 6:19am Jan 28, 2012 5:18am | Edited 6:19am
Quoting sam21
so traderathome how is your trade from the other day...
Not to worry, Sam. But thanks for your concern. I am with the long term trends and PA will reverse. Maybe sooner, maybe later. It is only a question of "when" the market decides that. I am not new at this.
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  • #30,011
  • Edited 6:46am Jan 28, 2012 6:09am | Edited 6:46am
Quoting Dyekid217
hi guys just stopping by to say hello.. Had been following the sonicr system for quite some time but have never really got into studying it.

I find that VSA (only after studying it for a short while) seems to be extremely vital in how the markets move. I have been just following on the 15m and notice that you can filter out the mark-ups, mark-down phases to keep you out of the trap that usually loses traders money and places them on the wrong side of the market

I am able to tell when a trend will continue if each up/down bar is followed with...
Sonikers, do not look to rely too much from "volume" in ways that are not at all reliable.

Forex volume is not true volume.
1. It is not the actual volume of currency traded, only the count of the number of trades executed. The size of those trades is ignored; they are all considered as being of the same size, which is far from the truth.
2. And it is only the "volume" of business done on your broker's server, not market wide.

So, what good is it?

Relative changes in the number of trades can be informative. NVO shows this quite well, but it does not show the true volume histogram bar heights. Hence, NVO can show a sharp relative increase in trading while it is relatively meaningless in the context of the overall averages of activity. On the other hand, more traditional volume histograms do show the true bar heights, but sudden relative increases are less visual. Then too, the market has a recurring sudden increase in activity at FO/LO, which means nothing more than the most active trading session each day has begun.

A sudden increase in activity can be important, so it is good to be able to see when that occurs. But the most reliable tweaking of volume is that which produces highlighted bars for "climax" candles. Climax candles are those which have the highest product of candle spread X volume over an analysis period, typically 20 bars. It is assumed such candles are the result of major market player activity.
1. A narrrow range containing them is a notable S&R area.
2. When they appear as launching PA from extended ranging it can signal the start of a run.
3. When they appear during a run it can signal a pause in the run, or that the end of the run is impending.

The SonicR VSA indicator, SonicR VA indicator, and SonicR PV indicator all highlight volume bars for climax candles, as well as bars for volume that is suddenly higher than the previous average volume. The later two indicators produce colored bars that coincide with colored candles produced by the SonicR VA Candles indicator and SonicR PV Candles indicator. The "PV" indicators are the most current and incorporate coding corrections and improvements. They are included in the 07-16-2011 update release of TAH indicators/templates:
http://www.forexfactory.com/showthre...75#post4785975

I am pondering whether or not to release another update to the pair of candle/volume indicators. If I did, it would be to incorporate "automatic" widening and narrowing of candles/bars when the user zooms in/out on a chart. A querk of MT4 coding requires that when changing the chart zoom, you must then switch the TF back and forth once to activate this "automatic" feature. If you use a display of multiple downsized charts and change the zoom setting on one of them, you must first enlarge the chart to full size before activating. When you first open the MT4 platform, you may have to re-activate your charts. Finally, since "WindowBarsPerChart( )" is the key to coding this, the use of extra wide monitors might cause problems if they display more bars per chart than the code defines for each zoom setting. Such an event would require the user to experimentally enter new maximum bar numbers for the five zoom settings to see if they can restore proper function. These may be inconveniences, but when using full size charts, and changing zoom settings, a simple back-and-forth switch of the chart TF to activate the proper new candle/bar widths is an easy thing to do. If I did such a release, it would include coding to turn on/off this automatic feature. (If you have read this, and have an opinion as to release, or not release, please PM me with your vote.)

Hope this helps,
-tah
  • #30,012
  • Jan 28, 2012 6:35am Jan 28, 2012 6:35am
Quoting traderathome
Not to worry, Sam. But thanks for your concern. I am with the long term trends and PA will reverse. Maybe sooner, maybe later. It is only a question of "when" the market decides that. I am not new at this.
http://www.forexfactory.com/attachme...1&d=1327753146

I agree upon the possible impending drop..
Should wait till we see bearish candle..in D1..

Sonic
  • #30,013
  • Jan 28, 2012 7:30am Jan 28, 2012 7:30am
Quoting traderathome
Not to worry, Sam. But thanks for your concern. I am with the long term trends and PA will reverse. Maybe sooner, maybe later. It is only a question of "when" the market decides that. I am not new at this.
It all depends on which TF you look at it, as all ways it's up to the market to decide, as it stands though, I don't think I'd like to be in a short trade right now.
Attached Image (click to enlarge)
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  • #30,014
  • Jan 28, 2012 8:10am Jan 28, 2012 8:10am
Price Action : Bullish Engulfing (Bullish)
S/R : 1.32x to 1.332x seem resistance
Dragon : Bearish


Cautiously Bullish as it seems to be hitting overhead resistance.
I will prefer to Long than Short..


Sonic
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  • #30,015
  • Jan 28, 2012 8:57am Jan 28, 2012 8:57am
Quoting goodchong
Hi Sonicdeejay,

I cannot find any thread on the topic Money Management for Sonic R system. Do you have the detail with example for this?

If have, please direct me.

Many Thanks
Hello goodchong

I'm pretty sure you can go to the main page of Forex Factory and run a search for "money management" and you will probably find tons of links to good stuff.

Also, there is a book entitled "Bird Watching in Lion Country" that I would highly recommend to anyone that has a desire to trade Forex live. It points out many of the pitfalls and offers useful guidelines to follow. I have a link to the book down below.

Best of luck with your trading.
  • #30,016
  • Edited 11:25am Jan 28, 2012 9:43am | Edited 11:25am
Quoting stevepatt
It all depends on which TF you look at it, as all ways it's up to the market to decide, as it stands though, I don't think I'd like to be in a short trade right now.
I am with the long term trend. Even using the Monthly chart, as you have, if the PA on it were to be on an M15 chart, I'd be short. And I would be abiding by the Sonic R. System!
Attached Image(s) (click to enlarge)
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Click to Enlarge Name: jan 2012 - 141.gif Size: 26 KB
  • #30,017
  • Jan 28, 2012 11:01am Jan 28, 2012 11:01am
Quoting traderathome
Not to worry, Sam. But thanks for your concern. I am with the long term trends and PA will reverse. Maybe sooner, maybe later. It is only a question of "when" the market decides that. I am not new at this.

TAH, your EUR/CHF previous daily chart really looks nice for a decline.
http://www.forexfactory.com/showthre...88#post5330688


For EUR/USD Daily, another way to see is also the downtrend line you drawn, can move up a bit, showing that downtrend line broken going up.

Your "Support turn Resistance" looks good for a drop currently, it also can become "Resistance turn Support again".

Previous day bar was a Doji, and yesterday bullish engulfing bar show too much strength. This Doji been taken out means more bullish for me.

Prefer to wait till this Tuesday to see how price will react to the "Support turn Resistance" line before going long or short.
  • #30,018
  • Jan 28, 2012 11:38am Jan 28, 2012 11:38am
Quoting foxybunny
TAH, your EUR/CHF previous daily chart really looks nice for a decline.
http://www.forexfactory.com/showthre...88#post5330688


For EUR/USD Daily, another way to see is also the downtrend line you drawn, can move up a bit, showing that downtrend line broken going up.

Your "Support turn Resistance" looks good for a drop currently, it also can become "Resistance turn Support again".

Previous day bar was a Doji, and yesterday bullish engulfing bar show too much strength. This Doji been taken out means more bullish for...
"Previous day bar was a Doji, and yesterday bullish engulfing bar show too much strength. This Doji been taken out means more bullish for me." -

Not always is the Doji immediately followed by reversal (see pic). Many times there is a delay of a candle, or several. It is almost like the BBs see the "writing on the wall", but continue pushing in the current direction to give them additional time to close positions at max profit and take on reverse positions.

At this point, I would prefer to have set a hard SL. But even it PA continues higher for a while, it will come out ok.
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  • #30,019
  • Edited 12:06pm Jan 28, 2012 11:50am | Edited 12:06pm
Quoting Shah101
Today i took my first trade based on the sonic system. I posted a chart showing my trade.
the first arrow shows a L
the second red arrow shows a HL
there was a break of the upper dragon on the 3rd leg.
The dragon is pointing up

So i set my buy around 10 pips above that candle
My Sl was set at the bottom of the 3rd leg which was around 36 pips
My TP1 was 36pips which was hit few min ago
TP2 will be at daily resistance 2 which will be around 70pips.

Could someone analyze and tell me if im on the right track
You are "on track"!

Please consider using broad colored lines to mark your EP, TP(s) and SL.
EP = white
TP = green
SL = red

What you have on your two trade charts is visually extremely difficult to quickly and clearly see these levels. When preparing a chart to be posted, please think of the benefit (or lack of) to present and future readers trying to learn the system. A pic. that is clean, clear and easy to understand is valuable. Otherwise, the pic. is a waste of time, and so is the post. Learners of the system that are reading the thread do not have time to waste on anything that is not immediately and completely clear.

You have two great trades posted. Just the pics. need work. Thanks.

Regards,
-tah
Attached Image (click to enlarge)
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  • #30,020
  • Jan 28, 2012 2:40pm Jan 28, 2012 2:40pm
thanks for the response TAH.. I am not solely relying on volume.. matched with other indicators.. (especially the correct S&R levels) I am able to see what happens to the volume of trades once price hits those levels and the results have been great so far. Cheers again for this great system!

Quoting traderathome
Sonikers, do not look to rely too much from "volume" in ways that are not at all reliable.

Forex volume is not true volume.
1. It is not the actual volume of currency traded, only the count of the number of trades executed. The size of those trades is ignored; they are all considered as being of the same size, which is far from the truth.
2. And it is only the "volume" of business done on your broker's server, not market wide.

So, what good is it?

Relative changes in the number of trades can be informative. NVO shows this quite well,...
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