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Sonic R. System

  • #31,081
  • Feb 21, 2012 12:41pm Feb 21, 2012 12:41pm
Quoting alkenany
EU H1
entered long with 3re up candle opening(3235) , some will wait break point 2
my view of point
Alkenany, you are using MT4 which has very easy to use line drawing tools. So, for the sake of the thread, and to minimize the time readers need to "grasp" the keys of your trades (Wave, EP, SL, TPs, etc.), please take the time to put clear, easy to see lines at these levels, color coded per the thread convention.

I ask this of you (and all Sonikers reading this) because when we post a trade, are we doing so to puff out our chest as if to say, "Look what I did!", or are we doing so to help instruct and guide others as to the makeup of a Sonic R. System setup, and proper placement of it's key elements for a trade?

Hopefully it is the later. So Sonikers, please let us all make our posted charts of trades absolutely clear, quickly comprehendable, and as clean as we can. Folks trying to learn this system and reading the thread (the manual) to do so as instructed, need not be encumbered to waste their valuable time trying to figure out and understand something that could have been crystal clear, if only the poster did a better job of it.

I sincerely thank you all for your cooperation in this,
tah
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  • #31,082
  • Feb 21, 2012 1:23pm Feb 21, 2012 1:23pm
AU is hitting some resistance on the Daily chart.
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  • #31,083
  • Feb 21, 2012 2:34pm Feb 21, 2012 2:34pm
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:

Manually closed Trade #1 and Trade #2 at 1.5777 for 28x2= 56 pips gain EP to close.
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  • #31,084
  • Feb 21, 2012 4:42pm Feb 21, 2012 4:42pm
Quoting traderathome
AU:

Re-entry short (EP= 1.0686). M5 Dragon/trend on M15. Outside of London session, but sometimes the US BBs get frisky after the rest of the competition has quit for the day. This could go up or down, but it looks like PA weakened at the S&R area, so it might drop some more.
AU:

Manually closed Trade #1 and Trade #1 at 1.0658 for 28x2= 56 pips gain EP to close.
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  • #31,085
  • Feb 21, 2012 7:18pm Feb 21, 2012 7:18pm
Quoting alkenany
EU H1
entered long with 3re up candle opening(3235) , some will wait break point 2
my view of point
closed earlier BE du to N.Y session ended wihout hit tgt
  • #31,086
  • Edited 8:17pm Feb 21, 2012 7:59pm | Edited 8:17pm
EU (and Market) Comment:

Could be a big day today; USD high impact release coming. All the remaining days this week have them, too. Recent days look to have been "position building" days with the market continuously pushing price action anti-USD. In fact, the last several weeks look like "position building" by the market, as it jerked prices up and down coaxing longs in while it unloaded longs and went short.

Today may be the day for a turn. And the Daily chart shows yesterday as a doji; fitting for the candle that may have put in the last EU high for some time to come now.

WARNING: Speculative.
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  • #31,087
  • Feb 21, 2012 8:07pm Feb 21, 2012 8:07pm
Quoting traderathome
Alkenany, you are using MT4 which has very easy to use line drawing tools. So, for the sake of the thread, and to minimize the time readers need to "grasp" the keys of your trades (Wave, EP, SL, TPs, etc.), please take the time to put clear, easy to see lines at these levels, color coded per the thread convention.

I ask this of you (and all Sonikers reading this) because when we post a trade, are we doing so to puff out our chest as if to say, "Look what I did!", or are we doing so to help instruct and guide others as to the makeup of a Sonic...

I am trying
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  • #31,088
  • Edited 8:39pm Feb 21, 2012 8:27pm | Edited 8:39pm
Quoting alkenany
I am trying
Great improvement, alkenay!

Thread colors convention for black chart:
EP- White (or use a light shade of gray if you so desire)
TP- green (try Lime or Lime Green)
SL- Red

You're almost there...... That's a chart that makes it sooooooo easy to digest the Sonic R. System example!

The only question remains is why did you choose to enter before LO, when you know in all likelyhood that market is going to give us one more round of highs before they let 'er rip? Also, if you want to get rid of that "OHLC" data overlaying the Chart Panel, go to chart Properties/Common tab/ and uncheck "Show OHLC".
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  • #31,089
  • Feb 21, 2012 8:48pm Feb 21, 2012 8:48pm
As EU whip in big range, I need u guys to notice the silent break out in gold and silver.. Which means negative pressure in USd..

Trade safe..

Sonic
  • #31,090
  • Feb 21, 2012 9:34pm Feb 21, 2012 9:34pm
Quoting sonicdeejay
As EU whip in big range, I need u guys to notice the silent break out in gold and silver.. Which means negative pressure in USd..

Trade safe..

Sonic
Master, all the time EU has been upside (negative pressure in USD), so has gold and silver. Now we know that in recent days the market has pushed up EU, ahead of the remaining USD high impact releases coming this week. Now, you refer to the move up also in gold/silver. Is it not natural the markets would do so? If, and I say "if" the market intends to slam EU down in conjunction with remaining days this week of USD high impact releases, does it not also make sense the market would be sure to first also pump gold/silver, to unload it's holdings, before EU drops,.....and so drops gold/silver?
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  • #31,091
  • Feb 21, 2012 10:32pm Feb 21, 2012 10:32pm
Quoting traderathome
EU (and Market) Comment:

Could be a big day today; USD high impact release coming. All the remaining days this week have them, too. Recent days look to have been "position building" days with the market continuously pushing price action anti-USD. In fact, the last several weeks look like "position building" by the market, as it jerked prices up and down coaxing longs in while it unloaded longs and went short.

Today may be the day for a turn. And the Daily chart shows yesterday as a doji; fitting for the candle that may have put in the last...

Is "San Zan" basically means a "Head & Shoulder" and a "Reverse Head & Shoulder" pattern ?

Which book can refer for the "San Zan" term and pattern ?


Anyone know what is the USD$ Index on Alpari ?
Or anywhere else to find USD$ Index ?
  • #31,092
  • Feb 21, 2012 10:52pm Feb 21, 2012 10:52pm
Quoting foxybunny
Is "San Zan" basically means a "Head & Shoulder" and a "Reverse Head & Shoulder" pattern ?

Which book can refer for the "San Zan" term and pattern ?


Anyone know what is the USD$ Index on Alpari ?
Or anywhere else to find USD$ Index ?
San Zan means "three mountains" and is the triple top, and nothing else added to polute it's meaning.

The Secret Code of Japanese Candlesticks - Felipe Tudela
Attached File(s)
File Type: pdf Felipe Tudela - The Secret Code of Japanese Candlesticks.pdf   4.3 MB | 3,235 downloads
  • #31,093
  • Feb 21, 2012 10:56pm Feb 21, 2012 10:56pm
Quoting foxybunny

Anyone know what is the USD$ Index on Alpari ?
Or anywhere else to find USD$ Index ?
You can get dollar index from Sigtrader of LiteForex.

Moreover you will get index for most of the majors. It will be something like USDLFX, GBPLFX etc.
What Goes Up Must Come Down, But When?
  • #31,094
  • Feb 21, 2012 11:23pm Feb 21, 2012 11:23pm
Quoting arunsudhilal
You can get dollar index from Sigtrader of LiteForex.

Moreover you will get index for most of the majors. It will be something like USDLFX, GBPLFX etc.
Thanks. Have not heard of it, will check it out if it is useful to draw lines on them or not.

Or if got other websites that have USD$ Index where I can draw trendlines and label them ?
  • #31,095
  • Feb 21, 2012 11:23pm Feb 21, 2012 11:23pm
Quoting traderathome
San Zan means "three mountains" and is the triple top, and nothing else added to polute it's meaning.

The Secret Code of Japanese Candlesticks - Felipe Tudela

Thanks TAH. Some reading for me.
  • #31,096
  • Feb 22, 2012 2:18am Feb 22, 2012 2:18am
Quoting traderathome
San Zan means "three mountains" and is the triple top, and nothing else added to polute it's meaning.

The Secret Code of Japanese Candlesticks - Felipe Tudela
thanks TAH, looks like a very educative book. some reading 4 me too. keep up the good work.

cheers
"Taking Responsibility is The Cornerstone of A Winning Attitude"
  • #31,097
  • Edited 3:17am Feb 22, 2012 2:31am | Edited 3:17am
Quoting traderathome

The Secret Code of Japanese Candlesticks - Felipe Tudela

The book should be named " The Secret Code of Wave Analysis " instead.. It is such a treasure..

Sonic
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  • #31,098
  • Feb 22, 2012 2:32am Feb 22, 2012 2:32am
I have been making adjustments to the Chart Panel settings, partly to just see what the changes do, and partly to make some of the most important items
stand out more clearly on my chart.

Is there any way to automatically place a light background between the vertical lines designating the London Open and the London Close? If not, would this be a feature that might help in emphasizing trading only that time period, as per the Sonic R rules?

  • #31,099
  • Feb 22, 2012 2:37am Feb 22, 2012 2:37am
AU:

Entered short (EP= 1.0649).
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  • #31,100
  • Feb 22, 2012 2:45am Feb 22, 2012 2:45am
GU;

Entered short (EP= 1.5766).
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