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Sonic R. System

  • #30,941
  • Feb 19, 2012 4:07pm Feb 19, 2012 4:07pm
Quoting Dyekid217
Sorry I'm not really clarifying myself lol.. lazy sunday afternoon. Or I just have my mind on other things mainly this for you all you sports fans!!

http://thegospelcoalition.org/blogs/...Jeremy-Lin.jpg

really meant 1:2 risk to reward. So tp will be double the size of the SL! so it will take 2 losses to whipe away 1 win. Less risk more reward
Aha! And now you've made yourself unmisunderstandably clear!
A post of such standards is a credit to you and a value to the Sonic R. System thread. (Be picky.....picky.....picky )
  • #30,942
  • Edited 4:45pm Feb 19, 2012 4:29pm | Edited 4:45pm
EU (and Market) Comment:

Well, the market starts with a gap up. So, one possibility is the market is pushing up the price still looking to build shorts, and generating liquidity so they can by hitting short stops and triggering into the market pending "wrong side" long orders. You can see the gap up in pic #1. In pic #2 it is clear the higher trading levels come after the gap up and as price hits new highs!

As always, this manipulation of price by the market does not mean "jump in now", because there can be more of the same, right up and into the London session. This is only a clue given us as to what might be going on, what might be the market's bias. A classic Sonic R. short setup in the London session now has more credence, assuming no contradictory volume/price action later occurs. But also, sometimes this very type of price push is accompanied by a SonicR long setup, and is tradeable (if LO, and we don't let our bias screw us out of a trade).

WARNING: Speculative.
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  • #30,943
  • Feb 19, 2012 4:34pm Feb 19, 2012 4:34pm
it's great that you push the people that post here to be extremely clear in our analysis and clarification to help the newer users to this forum and system. It's what sets this thread apart from any other one on this site. Bravo

Some pairs you might want to look out for if you like trading the first london session =)

note I only daytrade low spread pairs
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  • #30,944
  • Feb 19, 2012 4:41pm Feb 19, 2012 4:41pm
Quoting traderathome
EU (and Market) Comment:

Well, the market starts with a gap up. So, one possibility is the market is pushing up the price still looking to build shorts, and generating liquidity so they can by hitting short stops and triggering into the market pending "wrong side" long orders. You can see the gap up in pic #1. In pic #2 it is clear the higher trading levels come after the gap up and as price hits new highs!

As always, this manipulation of price by the market does not mean "jump in now", because there can be more of the same, right up...
hello everyone! and hello TAH!

it seems that i will keep sit in this thread...
  • #30,945
  • Feb 19, 2012 4:42pm Feb 19, 2012 4:42pm
Quoting Dyekid217
it's great that you push the people that post here to be extremely clear in our analysis and clarification to help the newer users to this forum and system. It's what sets this thread apart from any other one on this site. Bravo

Some pairs you might want to look out for if you like trading the first london session =)

note I only daytrade low spread pairs
Please explain what you posted. Where does it come from? What is the significance of the columns? And how are the FALSE, BUY and SELL notations arrived at?

Thank you,
-tah
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  • #30,946
  • Feb 19, 2012 4:43pm Feb 19, 2012 4:43pm
Quoting traderathome
EU (and Market) Comment:

Well, the market starts with a gap up. So, one possibility is the market is pushing up the price still looking to build shorts, and generating liquidity so they can by hitting short stops and triggering into the market pending "wrong side" long orders. You can see the gap up in pic #1. In pic #2 it is clear the higher trading levels come after the gap up and as price hits new highs!

As always, this manipulation of price by the market does not mean "jump in now", because there can be more of the same, right up...
The reference to "jump in now" was always a problem in the past, but proper utilization of the correct Sonic R method eliminates that problem. No more knee-jerk reactions to the sudden price fluctuations, and what a relief that is!
  • #30,947
  • Feb 19, 2012 4:54pm Feb 19, 2012 4:54pm
Is there any significance to when the outside lines of the dragon move closer to, or further away from the centerline?
  • #30,948
  • Feb 19, 2012 4:54pm Feb 19, 2012 4:54pm
Quoting traderathome
Please explain what you posted. Where does it come from? What is the significance of the columns? And how are the FALSE, BUY and SELL notations arrived at?

Thank you,
-tah
Without getting into too much detail this spreadsheet is derived from a cross currency basket system by 'es trader' The +'s and -'s come from each individual currency index that is available through liteforex's "sigtrader 4" platform. So at the start of a new daily candle the +'s and -'s change based on the currency movement. Then I take a weak currency and pair it up with a strong one or vice versa. Always trading opposites. Think of it like a battery.. you get power from a positive and a negative.. in my eyes a "trend". I find that trading strength vs/weakness it can provide a good way to pick pairs to trade. So if the dollar and euro are both gaining strength I wouldn't trade EU for that day. Basically if you short the euro you're selling the EURO and buying the DOLLAR but if theyre both gaining strength then I find that the pair will range and I stay out.

I don't want to further clutter this thread so here is the original thread and a view of the currency indicator.
http://www.forexfactory.com/showthread.php?t=113181

I dont take these signals blindly but I do use it to pick the pairs I should be interested in. Combined with sonicr it just makes my life easier when trying to find trades.
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  • #30,949
  • Feb 19, 2012 4:56pm Feb 19, 2012 4:56pm
Quoting ArtfulDodger
The reference to "jump in now" was always a problem in the past, but proper utilization of the correct Sonic R method eliminates that problem. No more knee-jerk reactions to the sudden price fluctuations, and what a relief that is!
True enough.

And look how the market is continuing to work the higher price regions the gap up has cost effectively helped it to push the price to.
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  • #30,950
  • Feb 19, 2012 5:11pm Feb 19, 2012 5:11pm
jpy pairs offered the strongest trades last week so this week I'll keep looking to trade GJ, UJ, and EJ. It will be exciting as well to see what audusd and nzdusd do after these drawn out uptrends..

http://gifsoup.com/imager.php?id=978272&t=o
  • #30,951
  • Feb 19, 2012 5:25pm Feb 19, 2012 5:25pm
Quoting Dyekid217
Without getting into too much detail this spreadsheet is derived from a cross currency basket system by 'es trader' The +'s and -'s come from each individual currency index that is available through liteforex's "sigtrader 4" platform. So at the start of a new daily candle the +'s and -'s change based on the currency movement. Then I take a weak currency and pair it up with a strong one or vice versa. Always trading opposites. Think of it like a battery.. you get power from a positive and a negative.. in my eyes a "trend". I find that trading...
I've already scanned the first 30% of the thread, and no mention is there as to how the +/- indication is derived at, which is crucial. There is enough superfluous talk that indicates these "ratings" are based on a (adjustable?) time span used to derive them.

I never use an indicator unless I can see exactly how something is calculated! This is a strong reason I have for making my coding free and open. To me it seems very dangerous to use an "indication" with a hidden derivation.

I understand the concept. Look for a currency that is either bullish or bearish, and mate that with one having an opposite bias. Two problems exist:
1. we only get data on pairs, not actual currencies, and this "muddies" the water considerably.
2. using a time span for evaluating whatever data is used to assign a +/- rating, automatically makes the entire process questionable, because at any time the price can move in either direction, and significantly so.

My feeling is that the Sonic R. System is more than adequate. It needs no further tweaks. It is responsive to the market, which itself frequently "suddenly decides otherwise", thus voiding out all those useless pieces of technically derived garbage.

tah
  • #30,952
  • Feb 19, 2012 5:34pm Feb 19, 2012 5:34pm
Quoting traderathome
EU (and Market) Comment:

Well, the market starts with a gap up. So, one possibility is the market is pushing up the price still looking to build shorts, and generating liquidity so they can by hitting short stops and triggering into the market pending "wrong side" long orders.
EU (and Market) Comment:

And so, the milking process continues. And there is no telling how high the market will step up the pricing in it's quest to generate liquidity for shorting.

We Sonikers don't care. It is not the London session yet. When the London session comes, there might also come a SonicR setup, either for a long or for a short. But to tell the truth, if such a setup were to be for a short, I could have a lot of confidence in it.


tah
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  • #30,953
  • Feb 19, 2012 5:35pm Feb 19, 2012 5:35pm
No problem TAH.. look into liteforex's "sigtrader4" platform. it offers these pairs called usdlfx, nzdlfx, gbplfx, etc. LFX standing for liteforex. I'm not sure where these indices are produced from but they seem quite accurate in showing movement of the individual currency.

These indices are actual candle charts as seen below. I've had success with pairing these and has offered quite some interesting insight on how pairs react.

Just something that I thought I'd bring up maybe some might be interested
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  • #30,954
  • Feb 19, 2012 5:41pm Feb 19, 2012 5:41pm
here's a deeper example using gbplfx and usdlfx and how the pair reacted. I like the insight these "indices" offer and I find it gives me an extra "edge" when trading. Just tryin to help fellow sonikers and contribute what I've learned! See how GBP gained strength and USD lost strength.. so you would want to buy the pound and sell the dollar giving you a buy in GBPUSD.

ALSO notice the ranging period in GBPUSD and how GBPLFX and USDLFX where both gaining strength. giving us the range in GBPUSD.

Note this is not from the other indicator and spreadsheet I posted.. but I use both also combined with sonicr. Just so many different ways I like to find confluence in a trade. sorry if this is clutter
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  • #30,955
  • Feb 19, 2012 6:06pm Feb 19, 2012 6:06pm
Quoting traderathome
EU (and Market) Comment:

And so, the milking process continues. And there is no telling how high the market will step up the pricing in it's quest to generate liquidity for shorting.

We Sonikers don't care. It is not the London session yet. When the London session comes, there might also come a SonicR setup, either for a long or for a short. But to tell the truth, if such a setup were to be for a short, I could have a lot of confidence in it.


tah
Yep. Pump & Dump! The market is creating liquidity for it's own building of short positions, imho. I'll relax, try not to let any bias influence me come London session time, but gee,......sure looks like a clue!

Love it,.....Sonic R. System: LO, Waves, Dragon, Trend, S&R,....and a little bit of volume! Well, we'll have to put the bias into our back pockets and just see what comes during the London session. As our very wise Master says (and we are lucky to have him).....

....Let the market decide.

tah
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  • #30,956
  • Edited 6:19pm Feb 19, 2012 6:09pm | Edited 6:19pm
Heres my look from the euro index on why I agree with your short bias on the pair

note how FFCAl produces only news releases on the EURO and nothing else. Which leads me to believe these indices are the true thing

EDIT: EU could be printing the high right now before london hits. We shall see =)
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  • #30,957
  • Feb 19, 2012 6:21pm Feb 19, 2012 6:21pm
Quoting traderathome
GU:

Entered short (EP= 1.5805).

Thought AU would be only trade. However, this has been greatly pumped over last days, and now it looks like EU, GU, etc. were the ones showing greedy grabs. Anyway, taking the setup on the prospects for some downside in what is left of the day.

This could be a mad dash down thru the whole number, after a liquidity creating head fake that enabled the market to acquire additional shorts.
GU:

Update. Left trade open over weekend, but w/o SL (can't tell what could happen, in this case a gap up) fully believing in the trade direction. Ok, down now 100+ pips, but PA to me has the bear signature (see high volume at highs). My TP(s) might be a bit too high now, as it could take more than one day of price action to get to those lower regions, but I am going to wait the market out.

-tah
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  • #30,958
  • Feb 19, 2012 6:25pm Feb 19, 2012 6:25pm
we still have to fill the gap too! Do you always leave your trades in over the weekend if they haven't hit your tp or sl? or only on certain conditions
  • #30,959
  • Feb 19, 2012 6:34pm Feb 19, 2012 6:34pm
Quoting traderathome
EU (and Market) Comment:

Well, the market starts with a gap up. So, one possibility is the market is pushing up the price still looking to build shorts, and generating liquidity so they can by hitting short stops and triggering into the market pending "wrong side" long orders. You can see the gap up in pic #1. In pic #2 it is clear the higher trading levels come after the gap up and as price hits new highs!

As always, this manipulation of price by the market does not mean "jump in now", because there can be more of the same, right up and...

This price gap up look similar to last Monday, hmmmm ...
  • #30,960
  • Feb 19, 2012 6:39pm Feb 19, 2012 6:39pm
Quoting foxybunny
This price gap up look similar to last Monday, hmmmm ...
thats a great observation.. I can see a jump in volume right before the drop too.. More liquidity being pumped into the market??

would be very interesting if a new high is produced right at the beginning of london today possibly drawing in more wrong side positions
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