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Sonic R. System

  • #30,721
  • Feb 14, 2012 9:52pm Feb 14, 2012 9:52pm
Quoting okanemici
Hi Traderathome,

This is a great thread for newbees like me.As I'm beeing newbee I'm also greeedy and silly in taking risks.Reading the thread I'm learning a lot of killer rules which made me start win a couple of trades with high lots, I should learn more and get less greedy by the way to make more pips.Thank you and master for your efforts.Apart from this rules are you always posting your live trades here after you take them ? This could be great if you and other followers did more since I still might be late exiting a trade or early taking...
okanemici, I post practically 100% of my trades real-time; when I make them, when I change something in the management of them, and when I close them (if not closed by set order when I am sleeping or away from the computer). I know of no other thread on forex factory that has a person posting all of their trades live daily, and in the way that I do; with a clear illustration of the the key elements of the trade and with the complete chart, time stamped so viewers know exactly when the chart picture was taken (No Fudging!).

As for mtf indicators, forget 'em. And forget QQE, CCI, Stochs, RSI, etc. The Sonic R. System uses the price action Waves, the Dragon, the Trend and S&R, and with a little volume thrown in. That is all.

-tah
  • #30,722
  • Edited 11:17pm Feb 14, 2012 10:45pm | Edited 11:17pm
Master Sonicdeejay,

Attached is the picture of the proposed chart template, but also showing the option to use the SonicR VSA indicator already released. To use the VSA indy, just change climax bull to "MediumBlue", climax bear is already "Crimson" which is perfect, and change the rising volume color from "DarkBlue" to "None". The "climax" averaging period is set in hard code to "20" and cannot be changed in the External Inputs. In the SonicR Volume Climax Candles indy this period is set by default to "20" but can be altered via the External Inputs. You must stick with using "20" for now if you want the colored candles and the colored volume bars to match.

If you conclude the VSA is the better way to go, I'll improve it and include it in the next release.

Please let me know if this is satisfactory for now.

Regards,
-tah
Attached Image (click to enlarge)
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  • #30,723
  • Feb 14, 2012 10:50pm Feb 14, 2012 10:50pm
Quoting traderathome
SonicR and the Market and EU:


Anyway, we are now into the first London session. There is no SonicR setup yet. Therefore, there has not been a SonicR setup yet this week. However, some of you have already traded! Congratulatons to those profitable, but trading prior to the London session is not recommended by Master Sonicdeejay. .....
Don't do it!

Regards,
-tah
Tah, what you refer to trading the London session is to "open position" in this period? How about closing position? Do you also suggest closing the position before the London session close? or we can keep it across to the next asian session?
  • #30,724
  • Feb 14, 2012 10:55pm Feb 14, 2012 10:55pm
Quoting samtrade
Tah, what you mean by trading the London session is just to "open position" in this period? How about closing position? Do you also suggest closing the position before the London session close? or we can keep it across to the next asian session?
Samtrade, before you ask questions like this PLEASE at least read the Sonic R. System Summary linked in Post #1! I don't mean to be rude, but this is an elementary question that clearly shows you have not even taken the time to read the basics. If you have read the basics, and still have a question like that, then you haven't reflected much on what you've read. Go back thru the basic material already provided. All such questions are already answered there.

-tah
  • #30,725
  • Feb 14, 2012 11:45pm Feb 14, 2012 11:45pm
Quoting traderathome
I post practically 100% of my trades real-time; when I make them, when I change something in the management of them, and when I close them (if not closed by set order when I am sleeping or away from the computer). I know of no other thread on forex factory that has a person posting all of their trades live daily, and in the way that I do; with a clear illustration of the the key elements of the trade and with the complete chart, time stamped so viewers know exactly when the chart picture was taken (No Fudging!).
This is one main reason why this Sonic R thread is still full steam ahead, and readers keep coming back.

TAH to be highly commended and appreciated for these continuous "real-time" postings.
  • #30,726
  • Feb 15, 2012 1:04am Feb 15, 2012 1:04am
Hi Traderathome,

Thank you for your answer.I was long the other day and now this is the situation.Since the price touched the 15 M SHI channel and turned back I have a feeling that the price will drop, which I am not sure.Now the question is if I should exit the trade now or wait the price to break the channel or do sth else to understand if the rise will continue or at some point we will understand that it is going to drop.

What is it that you might see well and I don't without any other indicators ?

Thanks in advance.

Okan
Attached Image (click to enlarge)
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  • #30,727
  • Feb 15, 2012 1:41am Feb 15, 2012 1:41am
Quoting okanemici
Hi Traderathome,

Thank you for your answer.I was long the other day and now this is the situation.Since the price touched the 15 M SHI channel and turned back I have a feeling that the price will drop, which I am not sure.Now the question is if I should exit the trade now or wait the price to break the channel or do sth else to understand if the rise will continue or at some point we will understand that it is going to drop.

What is it that you might see well and I don't without any other indicators ?

Thanks in advance.

Okan
1. I cannot tell you where to exit a trade. That must be your decision.
2. You should have set a TP when entering. If PA fails to make it in any reasonable time, use good money management.
3. For any trade, if you exit but then PA resumes the trade direction, there is no rule that says you cannot re-enter the trade.
  • #30,728
  • Feb 15, 2012 1:53am Feb 15, 2012 1:53am
Quoting traderathome
Master Sonicdeejay,

Attached is the picture of the proposed chart template, but also showing the option to use the SonicR VSA indicator already released.
If you conclude the VSA is the better way to go, I'll improve it.......

Regards,
-tah
Master Sonicdeejay,

I've combined best of VSA and Line Study. Called SonicR Volume Climax Study, it is fully compatible with the new SonicR Volume Climax Candles.

What do you think?

-tah
Attached Image (click to enlarge)
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  • #30,729
  • Feb 15, 2012 2:21am Feb 15, 2012 2:21am
EU:

Wave is imperfect, but I am still considering a short on this. Pic. shows M5 Dragon/Trend on M15 chart.
Attached Image (click to enlarge)
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  • #30,730
  • Feb 15, 2012 2:26am Feb 15, 2012 2:26am
EU:

Entered short (EP= 1.3161). M5 Dragon/Trend on M15. Wave is not correct. Could become a problem. We'll see. Could be that another swing up occurs. No one knows.
Attached Image (click to enlarge)
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  • #30,731
  • Feb 15, 2012 2:28am Feb 15, 2012 2:28am
EURUSD short entry, EP 1.3165x, 5min TF
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  • #30,732
  • Edited 3:00am Feb 15, 2012 2:30am | Edited 3:00am
AU:

Looking to short this also.

Edit: PA spiking up now w/high volume. Still looks like market is creating liquidity for shorting; running stops on right trade shorts and triggering into the market the wrong trade pending long orders. But, I'm breaking away for rest and things I need to do in the morning. So, as good as this might come to be, I'm passing on it since I won't be able to monitor it. Maybe best to stick to EU anyway.
Attached Image (click to enlarge)
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  • #30,733
  • Feb 15, 2012 3:23am Feb 15, 2012 3:23am
Quoting futurespeter
EURUSD short entry, EP 1.3165x, 5min TF
trade manual closed at 1.3167x for -2 pips loss.
  • #30,734
  • Feb 15, 2012 3:49am Feb 15, 2012 3:49am
I see a High, Low, and Lower High
SHI pointing down.
I am also short-biased.

So,

I am setting SellStop @1.31525 (Beneath the Low)
SL at High @1.30681

http://my.jetscreenshot.com/demo/20120215-hej0-47kb.jpg

Thoughts and Feedback,
please and thank you.
  • #30,735
  • Feb 15, 2012 4:14am Feb 15, 2012 4:14am
Quoting Konata
I see a High, Low, and Lower High
SHI pointing down.
I am also short-biased.

So,

I am setting SellStop @1.31525 (Beneath the Low)
SL at High @1.30681



Thoughts and Feedback,
please and thank you.
no stick from dragon, so no short for me..IMHO
Patience is the key.
  • #30,736
  • Feb 15, 2012 4:17am Feb 15, 2012 4:17am
Quoting Konata
I see a High, Low, and Lower High
SHI pointing down.
I am also short-biased.

So,

I am setting SellStop @1.31525 (Beneath the Low)
SL at High @1.30681

http://my.jetscreenshot.com/demo/20120215-hej0-47kb.jpg

Thoughts and Feedback,
please and thank you.
May I know the tf you are using?

breeze
  • #30,737
  • Feb 15, 2012 4:24am Feb 15, 2012 4:24am
Quoting sonicdeejay
I am watching this movie for few times already..I am loving it..

http://www.imdb.com/title/tt0875025/

Google the title..u can find/watch the whole movie in YouTube..

Sonic

Here is youtub3 link...

Inserted Video


Sonic
  • #30,738
  • Feb 15, 2012 4:25am Feb 15, 2012 4:25am
Quoting traderathome
Samtrade, before you ask questions like this PLEASE at least read the Sonic R. System Summary linked in Post #1! I don't mean to be rude, but this is an elementary question that clearly shows you have not even taken the time to read the basics. If you have read the basics, and still have a question like that, then you haven't reflected much on what you've read. Go back thru the basic material already provided. All such questions are already answered there.

-tah
It might be a good idea for ALL of us to re-read the basic instructions before the beginning of EVERY week. I seem to have a tendency to forget the basics from time to time, and allow my old, bad habits to creep back in to my trading.

TAH, maybe you should have that statement (with a link) permanently placed at the bottom of every post you make, just as a reminder to us all. And as a bonus, you wouldn't find yourself having to continually repeat it!

  • #30,739
  • Feb 15, 2012 4:25am Feb 15, 2012 4:25am
Quoting odges
no stick from dragon, so no short for me..IMHO
approaching u.s. session, so i stay out for the moment.
  • #30,740
  • Feb 15, 2012 4:38am Feb 15, 2012 4:38am
Thats a 15M EURUSD Chart.

Quoting fxbreeze
May I know the tf you are using?

breeze
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