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Sonic R. System

  • #31,541
  • Edited 10:43am Mar 2, 2012 10:29am | Edited 10:43am
Quoting stevepatt
Hi Tah,

I don't want to labour the point too much but isn't Sonic R system based on PA and support and resistance levels for determining entering and exiting trades? You might well be correct in your analysis but based on support and resistance levels it looks to be entering early.
You're not laboring the point. But you are unequally weighting SR in this situation. We also have an excellent PA Wave, a good down angle on Dragon, PA below Dragon (and below Trend). Even the Dragon is below Trend! And the "little bit of volume" is speaking VOLUMES! While S&R is part of the total assessment, all parts are very important and not to be overlooked. Some here do not use the Dragon. They do not use the Trend, either. And maybe this gets some others to disregarding both!

So, I remind all Sonikers that the elements of the Sonic R. System are:
1. London session
2. Proper wave showing bounce/break of SR
3. Proper Dragon angle
4. PA on proper side of Dragon at entry (even better if on proper side of Trend)

And the volume picture should be consistent with setup, support the setup.

The SonicR setup abides by all of this. Yes, there is another significant SR area about 15 pips below entry. So, this is where a trader has to make a judgement call; to enter, or to not enter. No system is adequate to whilly nilly trade without using some judgement! None! In this case, there is the possibility PA could, at any time, be sent down into the basement! So with that, I judged to enter short.

tah
Attached Image(s) (click to enlarge)
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  • #31,542
  • Mar 2, 2012 10:48am Mar 2, 2012 10:48am
Quoting hellohell
PA goes under support ... so it change to resistance ...

so .. it was a good entry
I'm talking about daily S/R level at 1.0750.
Attached Image (click to enlarge)
Click to Enlarge Name: 2nd Mar AU Daily Chart.jpg Size: 83 KB
  • #31,543
  • Edited 11:57am Mar 2, 2012 11:04am | Edited 11:57am
Quoting stevepatt
I'm talking about daily S/R level at 1.0750.
Please go back and look at this post:

http://www.forexfactory.com/showthre...63#post5431463

SR is nothing more than an area that will hold or it won't. You place too much emphasis on "hold" when there are exceptional charting signs suggesting "won't".
  • #31,544
  • Mar 2, 2012 12:11pm Mar 2, 2012 12:11pm
I am attaching chart of GBP GPY for short at 129.15 sl 130.15 T1 of 128.5 and T2 of 128

I m posting chart of sonic DJ as per my understanding pl. correct me if i m wrong.

rgds
smok_signal
Attached Image (click to enlarge)
Click to Enlarge Name: GBP GPY.GIF Size: 11 KB
  • #31,545
  • Mar 2, 2012 1:56pm Mar 2, 2012 1:56pm
Quoting traderathome
EU:

Manually closed trades #1 and #2 at 1.3215 for 22x2= 44 pips gain EP to close. It is Friday. I also have other open short trades on EU.
Hi TAH, shouldn't this one had hit the stop loss?

Thanx
  • #31,546
  • Mar 2, 2012 6:52pm Mar 2, 2012 6:52pm
Quoting traderathome
I have no problem with this on IBfx MT4. Post a full size chart showing this.
I have attached as follows.

Thank you, Mentor TaH.

breeze
Attached Image (click to enlarge)
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  • #31,547
  • Mar 2, 2012 11:56pm Mar 2, 2012 11:56pm
Quoting ronfis
Hi TAH, shouldn't this one had hit the stop loss?

Thanx
he do not use SL.
Keep Simple...!
  • #31,548
  • Mar 3, 2012 2:18am Mar 3, 2012 2:18am
Quoting traderathome
You're not laboring the point. But you are unequally weighting SR in this situation. We also have an excellent PA Wave, a good down angle on Dragon, PA below Dragon (and below Trend). Even the Dragon is below Trend! And the "little bit of volume" is speaking VOLUMES! While S&R is part of the total assessment, all parts are very important and not to be overlooked. Some here do not use the Dragon. They do not use the Trend, either. And maybe this gets some others to disregarding both!

So, I remind all Sonikers...
I've noticed that the further the Dragon is below (or above) the Trend, the stronger likelihood the current overall sentiment will continue. Can this be useful for determining the strength of the sentiment?

  • #31,549
  • Mar 3, 2012 3:24am Mar 3, 2012 3:24am
Quoting traderathome
Please go back and look at this post:

http://www.forexfactory.com/showthre...63#post5431463

SR is nothing more than an area that will hold or it won't. You place too much emphasis on "hold" when there are exceptional charting signs suggesting "won't".
So TAH, this week how many pips did you put in the bag? I like reading your weekly analysis and those green pips you make are truly an inspiration.
  • #31,550
  • Mar 3, 2012 7:33am Mar 3, 2012 7:33am
Quoting traderathome
AU:

It wasn't a early entry as far as Sonic R. goes. Also, the Londoners pushed up the price on decreasing volume until they got it up, then there was a strong selloff bar! This was followed by a strong selloff bar in the early US session. I see all this as signs confirming the market is bearish now. So, it is only a question of when does the market drive it down harder?

Look at the low volume US pump back up right now! Another sign the market is reaching for highs again to start another round of adding to it's short position. This is just...

It looks like you were right TAH, good job ! Aud Usd is heading down and here is my chart attached that shows you made a right entry in the right time.

This filled part is MA ribbon filled, you can set 2 MA's , mine is set to 20 and 55 EMA, the filled part shows NO Trade area, which is just an other check for Sonicers, It helps me to get rid of my emotions and and prevents me to open an early position and also helps me to lock my profit.So basically rookies like me could just stay out of the market when they don't see the price, take it when see the price out of the ribbon according to Sonic rules, then if you choose to do so get out of the trade if it seems like you are wrong.

Any ideas ?

in a down trend ( direction of 89 ema ) you can also set 20 ema price as low, in an uptrend set the price as high so you can lock your profits better.
Attached Image (click to enlarge)
Click to Enlarge Name: ribbon.jpg Size: 117 KB
Attached File(s)
File Type: ex4 MA ribbon filled.ex4   3 KB | 416 downloads
File Type: mq4 MA ribbon filled.mq4   2 KB | 496 downloads
  • #31,551
  • Mar 3, 2012 2:09pm Mar 3, 2012 2:09pm
Quoting ronfis
Hi TAH, shouldn't this one had hit the stop loss?

Thanx
Would have, had the SL been a hard set SL. It was not. If you read more of the historic posts you will see I have mentioned this more than once, and that over the past weeks it has simply been too damn hard to try and out guess where the market will whip prices to. And that is the reason I have not been setting hard SLs.
  • #31,552
  • Mar 3, 2012 2:29pm Mar 3, 2012 2:29pm
Quoting fxbreeze
I have attached as follows.

Thank you, Mentor TaH.

breeze
Your AU chart showing the vLabels is using the indicator for black charts. Maybe you have altered the vLabel setting in the indicator for white charts in such a way that the vLabels no longer show; maybe they/ve been shoved off the visible screen. Check all the vLabel inputs; they should be the same as in your indicator for black charts.

If they are the same, then I suggest you again download the indicator for white charts and paste it over your current file, because no one else, regardless of broker, has this situation.
  • #31,553
  • Mar 3, 2012 2:50pm Mar 3, 2012 2:50pm
My Week With Sonic R.:

Closed five trades opened prior to this week; four gained 92 pips and one lost 3 pips, for a net gain of 89 pips.

Opened nine trades this week and closed eight of them; seven gained 516 pips and one lost 16 pips, for a net gain of 500 pips. The still open trade is positive 26 pips as of the close of the market Friday.
  • #31,554
  • Mar 3, 2012 4:05pm Mar 3, 2012 4:05pm
nice results. You mention no hard SL due to whipsaw market, what sort of draw down in pips did those trades have if you don't mind me asking. or another way what was the max one, 50, 100 etc before it turned.

Would be useful for me to gauge my MM. I'm going to join the ranks of this system although the thread is huge :-)

PG
  • #31,555
  • Edited 8:05pm Mar 3, 2012 7:54pm | Edited 8:05pm
Quoting traderathome
Your AU chart showing the vLabels is using the indicator for black charts. Maybe you have altered the vLabel setting in the indicator for white charts in such a way that the vLabels no longer show; maybe they/ve been shoved off the visible screen. Check all the vLabel inputs; they should be the same as in your indicator for black charts.

If they are the same, then I suggest you again download the indicator for white charts and paste it over your current file, because no one else, regardless of broker, has this situation.

Thank you, Mentor TaH!

I have resolved the issue with the approach given by you.

The problem has plagued me for the past 2 days and now finally resolved.

Let us, sonickers look forward to the coming week with more green pips!


breeze
Attached Image (click to enlarge)
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  • #31,556
  • Edited 9:52pm Mar 3, 2012 8:52pm | Edited 9:52pm
Quoting okanemici
This filled part is MA ribbon filled, you can set 2 MA's , mine is set to 20 and 55 EMA, the filled part shows NO Trade area,......in a down trend ( direction of 89 ema ) you can also set 20 ema price as low, in an uptrend set the price as high so you can lock your profits better.

Any ideas ?
Yes, ......

1. It covers the Dragon and candles which give clues of their own that go along with the overall price action, and changes thereto.
2. Your very important vLines are way off, three hours too early!

It seems to me that you'd be better off making sure you set up the template correctly, rather than add more to it that hides parts of the key elements already there.

Key elements of the Sonic R. System: London Session, Waves, Dragon, Trend, S&R and a bit of volume!

tah
Attached Image(s) (click to enlarge)
Click to Enlarge Name: ribbon.jpg Size: 117 KB
Click to Enlarge Name: mar 2012 - 001.gif Size: 33 KB
  • #31,557
  • Edited 10:21pm Mar 3, 2012 9:49pm | Edited 10:21pm
Quoting pgtips
nice results. You mention no hard SL due to whipsaw market, what sort of draw down in pips did those trades have if you don't mind me asking. or another way what was the max one, 50, 100 etc before it turned.

Would be useful for me to gauge my MM. I'm going to join the ranks of this system although the thread is huge :-)

PG
If not using a SL, the drawdown can become quite an issue. I read recently of an icon trader that the SL typically is 100+ pips away (presumably in order to avoid whipsawing). If one has several such trades, it is easy to exceed 300+ pips to the negative! What if one has five trades,.....eight trades? It becomes quite an issue.

So, if no SL or a very wide SL is used, how can that be mangaged. Personally, I can think of no way but to trade small enough, using "consistent sizing" of every trade (for easy calculations), such that a given percentage of such trades (60%?) can be negative a set amount (-200 pips each?) and still not have a drawdown issue.

Let's say you trade mini-lots ($1.00 per pip), restrict yourself to 10 open trades, and allow that six can be down an average of 200 pips each (-$1,200.00), and that the remaining four can be down no more than a total of 400 pips amongst them (-$400.00). That's an allowance to be down as much as 1600 pips (-$1,600.00). How much are you willing to risk of the account? If as much as 50%, you need an account of $3,200.00. If only as much as 10%, you need an account of $16,000.00.

The important factor of the "average" weekly or monthy pips gained needs be considered, too. For example, an average of 240 pips weekly will almost quintuple a $3,200.00 account in a year. But a $16,000.00 account won't have even doubled.

The above is just to get you thinking. It is not a prescription. Each trader must deal with the throes of the SL; to risk not having one, or to risk trying to out guess the market when setting one.

Master Sonicdeejay has recommended always having a SL, but setting it beyond the most recent intra-day (spaning more than a day) swing H/L, figuring that would mark the point which, if PA pulled back to exceed that level, then real trouble is brewing for the trade. But, even that mark can be exceeded on a whip and PA go back to validate the trade! So, what is the ultimate answer?

I have no idea for a hard-and-fast rule for SL placement. If I sense low volatility, I am more comfortable with using a narrow, hard SL and take my licks and losses should it come to that. If I sense high volatility, a period where extreme whipping might occur one or more times in the London session, and maybe lasting over a span of many days, then I am reluctant to have any SL. And this sometimes can rack up a set of trades many hundreds of pips down, and sometimes for quite some time.

I don't try to convince anyone of anything. I can only recommend following Master Sonicdeejay's recommendations. I might do otherwise on occassions. I make my decisions, others make theirs. That's the way of trading.
  • #31,558
  • Mar 4, 2012 9:58am Mar 4, 2012 9:58am
Inserted Video


cheers greatings from germany



emc2
enjoy my life ... and ride the waves - all what I do
  • #31,559
  • Mar 4, 2012 11:38am Mar 4, 2012 11:38am
Quoting traderathome
Yes, ......

1. It covers the Dragon and candles which give clues of their own that go along with the overall price action, and changes thereto.
2. Your very important vLines are way off, three hours too early!

It seems to me that you'd be better off making sure you set up the template correctly, rather than add more to it that hides parts of the key elements already there.

Key elements of the Sonic R. System: London Session, Waves, Dragon, Trend, S&R and a bit of volume!

tah
Yes you are right Tah, my country, london time and broker time is totally different.i use alpari nz and I am in Turkey. What should i change in indicators to have the right time.is there any way to do this automatically to all indies i have ?
  • #31,560
  • Mar 4, 2012 1:01pm Mar 4, 2012 1:01pm
Quoting okanemici
Yes you are right Tah, my country, london time and broker time is totally different.i use alpari nz and I am in Turkey. What should i change in indicators to have the right time.is there any way to do this automatically to all indies i have ?
Hi okanemici

For Alpari NZ:
Sonic R chart panel indicator --> DSR_Server_GMT_Offset: 4

London session starts at 10am. (For Alpari NZ)

Regards
Ashkan
Trade with discipline and respect the market...
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