DislikedTah or sonic: you mention we should only enter trades during London session. London session right now is 8am - 5pm GMT.
However, sonic has mentioned early in this thread and also in his documents to trade:
1AM - 4 AM EST (UK session)
7AM - 11 AM EST (US session)
which is
5am - 8am gmt
11am - 3pm gmt
assuming this is winter time to match up 8am - 5pm GMT but times are not the same.
Can you please clarify? Thank you.Ignored
with all due respect tah, i just thought you want to move and leave the issue.
"I went in after it cross up Dragon.."
http://www.forexfactory.com/showthre...64#post5345664
*look at your previous entries tah some of them doesnt follow sonicr.
"But the only lagging indicatior I have in my chart now is Sonic Dragon aka EMA 34...as we found ourselves rather very profitable with S/R, wave, price action..& lil bit of volume..."
http://www.forexfactory.com/showthre...06#post5360506
*again...
I truly respect everyone's trading opinion here, but I'm beginning to feel a bit "on edge" with the direction this is taking.
Of course, I can understand each of your viewpoints, and can accept them for their value, but come on guys.....feel the love!
Everything that TAH has provided us (amazing chart templates, commentary) has aided me in my approach to trading, and has given me enough confidence to take the next step and go live to further my trading education.
I also respect your opinions and your additions to the thread Alrightfrank. But seriously folks, can't we all just get along (before the thread is brought to a sudden stop)?
As Ringo always says..."Peace and Love"
no worries my friend all my posts i normally delete afterwards. again im not against anybody here in the thread specially tah. its just i want to point out is to "walk the talk".
I for one would greatly miss TAH's contributions if he suddenly decided enough is enough. You must admit he has poured his heart into this thread, to the benefit of us all.
Suffice it to say that we are ALL after the same thing - more wins than losses. That isn't to say that a loss is necessarily a bad trade, assuming we followed the SonicR rules to the letter. Not every trade will be a winner, but EVERY trade should be GOOD trade, meaning we followed the rules and applied all the required parameters to the trade. A win or a loss is irrelevant, to a certain degree.
The SonicR method provides us with a framework upon which we build our trades. The beauty of it is, we no longer have to guess or react to our "feelings" about what will happen. We don't know - we can't know - so we follow the PA.
It is apparent that following the SonicR method of trading, as spelled out in the guide, is the most effective way to go. We need to throw out all the bad habits, and the things that don't work, and follow the rules!
(climbing down from my soapbox now)
The SonicR method provides us with a framework upon which we build our trades. The beauty of it is, we no longer have to guess or react to our "feelings" about what will happen. We don't know - we can't know - so we follow the PA.
It is apparent that following the SonicR method of trading, as spelled out in the guide, is the most effective way to go. We need to throw out all the bad habits, and the things that don't work, and follow the rules!
(climbing down from my soapbox now)
- #31,327
- Feb 25, 2012 4:50am Feb 25, 2012 4:50am
Hi Adler,
I see you trading the Eur/Jpy. Here´s a little tip - try adding the Usd/Nok pair
onto your charts. They move in the opposite directions of each other. Just an
extra confirmation
Regards,
H.
I see you trading the Eur/Jpy. Here´s a little tip - try adding the Usd/Nok pair
onto your charts. They move in the opposite directions of each other. Just an
extra confirmation
Regards,
H.
"The future is already written in the past"
- #31,328
- Feb 25, 2012 8:09am Feb 25, 2012 8:09am
Hi Adler,
I see you trading the Eur/Jpy. Here´s a little tip - try adding the Usd/Nok pair
onto your charts. They move in the opposite directions of each other. Just an
extra confirmation
Regards,
H.
Adler
- #31,329
- Edited 11:00am Feb 25, 2012 10:27am | Edited 11:00am
- Joined Mar 2008 | Status: PVSRA with Traderathome | 23,552 Posts
Tah or sonic: you mention we should only enter trades during London session. London session right now is 8am - 5pm GMT.
However, sonic has mentioned early in this thread and also in his documents to trade:
1AM - 4 AM EST (UK session)
7AM - 11 AM EST (US session)
which is
5am - 8am gmt
11am - 3pm gmt
assuming this is winter time to match up 8am - 5pm GMT but times are not the same.
Can you please clarify? Thank you.
Since we are dealing with two "major players" in the market (London and NY) it is most relevant to consider when they sit down at the table to place their bets, and when do they leave.
London sits down at the table at 8am their local time and leaves the table at 5pm their local time, all year round. This is where we derived the placement of the Lo and Lc vLines from. And, except for those twice yearly periods where there is a discrepancy of an hour, this equates to 3am EST to 12 noon EST.
Why then, does Sonicdeejay refer to starting trading at 1am EST until 4am EST, and then again from 7am EST to 11am EST?
1am EST is two hours before the London open and one hour before the Frankfurt open, but it coincides with when the other parts of europe and elsewhere open for trading. Sonicdeejay will have to respond himself as to why he selected this particular time as the recommended start of trading, however earlier than the London open does not mean better than at the London open. In fact, the Frankfurt open is noted for it's "Frankfurt Head fakes"! Do setups form within several hours before LO? Yes. In fact, setups frequently form at various times throughout the asian session. Does that mean good trading? Sometimes, but usually it does not. The LO is when the biggest european players sit down at the table, and so that is why the Lo vLine now marks the start of trading. And should Master Sonicdeejay ever recommend otherwise it should be easy to make an adjustment to the Sonic R. template.
4am EST, an hour after the LO, is I guess when Sonic figured those players had already placed their first round of bets. So, leave the table and come back at 7am EST, an hour before the NY open, which is when those players might be setting up for their second round of betting.
11am EST is an hour before the London close and before lunch in NYC. Big Players and bankers leave early!
Their bets are likely already placed.Master Sonicdeejay might also reply on this, meanwhile I hope this helps,
tah
- #31,330
- Feb 25, 2012 11:47am Feb 25, 2012 11:47am
- Joined Mar 2011 | Status: Pip Boy Wonder | 1,378 Posts
- #31,332
- Feb 25, 2012 12:33pm Feb 25, 2012 12:33pm
- Joined Mar 2011 | Status: Pip Boy Wonder | 1,378 Posts
- #31,333
- Edited 2:48pm Feb 25, 2012 12:51pm | Edited 2:48pm
- Joined Mar 2008 | Status: PVSRA with Traderathome | 23,552 Posts
- #31,334
- Feb 25, 2012 1:55pm Feb 25, 2012 1:55pm
To start, we must realize that twice a year, at the changeovers between DST and non-DST, there is a change in the time difference of one hour between EST and London (UK) time. This difference might last for as many as three weeks or for as few as just one week. And we must keep in mind the key is not GMT, but rather 8am London local time (London is on GMT during the non-DST season, wintertime in the northern hemisphere, and is an hour ahead of GMT during the DST season, summertime). Just remember that twice yearly for a week to three weeks, the...
For some more clarification on the Lo indicator, London session is from 3am - 12pm EST always, and GMT right now during the winter is 8am GMT - 5pm GMT. I am using IBFX for my demo testing, but it's showing Lo at 7am GMT and looking at the settings of the indicator look correct. I would expect it to show Lo right now at 8am GMT instead of 7 and during the summer have 7am. What am I missing?
Also,
http://www.forexfactory.com/newreply...eply&p=5415529
Excellent, Art!
The answer is no, it is not a valid Sonic R. short setup because:
1. Outside London Session.
2. Dragon not angled down.
3. Wave leg #1 is supposed to cross Dragon.
In this case, maybe waiting for what is now leg #3 to become leg #1 of a new Wave, we'd also be in the London Session with the Dragon angled down. Maybe then we'd have a short setup.
The M15 Dragon/Trend is being displayed here (tricked you). PA is not below Trend, but the rules say "...it is even better if PA is below the Dragon for a short."...
- #31,335
- Feb 25, 2012 3:21pm Feb 25, 2012 3:21pm
- Joined Mar 2008 | Status: PVSRA with Traderathome | 23,552 Posts
Thank you very much for answer this Tah. I suspect others had the same question and confusion since no responses until you answered.
For some more clarification on the Lo indicator, London session is from 3am - 12pm EST always, and GMT right now during the winter is 8am GMT - 5pm GMT. I am using IBFX for my demo testing, but it's showing Lo at 7am GMT and looking at the settings of the indicator look correct. I would expect it to show Lo right now at 8am GMT instead of 7 and during the summer have 7am. What am I missing?
Also,
http://www.forexfactory.com/newreply...y&p=5415529......
1. The time on the bottom of the chart is broker server time, not London time!
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2. Your vlines are, however, one hour too soon! You can shift them to the right one hour by increasing your "DST_Sever_GMT_Offset" by +1.
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3. Always confirm you have the proper placement of the vLines by checking "real-time" that the Lo vLine coincides with the current candle when the SonicR Clock Panel shows it is 8am in London. Using the clock you can similarly check the NY vLine at 8am in NewYork and the Lc vLine at 12 noon in NY/5pm in London. You can only do this during live trading hours, of course.
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4. In the compile of the SonicR Chart Panel, at the top, there are user notes including specific instructions to setting both "DST_Sever_GMT_Offset" and the "DST_Zone" (near the bottom of the inputs). You might have one or both of these incorrect. Better double check per the instructions. I just outlined taking care of the first, but you need to look at the second, also.
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"....thank you for explaining this and how you are doing it versus sonic....both how you do it makes sense and how sonic does it makes sense and I appreciate both of your talented opinions." -
5. Sonic and I are doing it the same way! I just got through explaining to you the "evolution" that lead to Sonic and I putting Lo and Lc where they are! I have never released a template without first seeking sonic's review, comments and approval. Do you see him using a chart that shows Lo/Ny/Lc at any different place on the PA chart than the rest of us? No! Please don't get bogged down with that early statement of times. Since then Sonic has placed into Post#1 the TAH template showing the Lo/Lc so no Soniker can mistake the recommended trading hours window!
tah - #31,338
- Feb 26, 2012 12:22am Feb 26, 2012 12:22am
- Joined Mar 2008 | Status: PVSRA with Traderathome | 23,552 Posts
- #31,339
- Feb 26, 2012 2:38am Feb 26, 2012 2:38am
- | Commercial User | Joined Mar 2008 | 9,069 Posts | Online Now
