Sonic R. System

Perfectly - realy perfect - LIKE ALWAYS ...

that is for you trader



i´ve lerned so much from you - no fluf

emc2

This looks like a possible SonicR short setup on the AUDUSD. The dragon is angling downwards, there has been a pullback to the middle of the dragon. Comments on the validity of this short would be much appreciated. =)

Chillin like a villian as well. 0-1 this week, but confidence is better than ever, no needless trades! Onto next week!!

As Weekly..we had a not-so-great Bullish candle.. I am not taking any new trade..

Sonic

Commentary on Market This Week:

Sonicers, if you put some of your USD pairs on M30 to capture the week, you will see that either price simply ranged, or price slipped in favor of the USD. Looking at EU for example, today, which concludes the week, price reattained the week highs. Yesterday the price reattained the week lows. The range has been approximately 160 from lowest to highest, and pricing has not yielded a trend yet. Looking at AU, the price dropped about 300 pips this week, recovering less than 130 pips of that today, indicating a trend down.

The euro is still in a lot more trouble than the USD. USD stats continue to evidence improvement while euro stats yield indeterminant conclusions. With that, you'd think USD pairs would already have been trading with more USD bullishness. However, there are "international concerns and gentleman agreements" such that the USD is being kept "soft" against the euro. And, at any time should the "desired balance" on critical pairs be upset by the market, central banks are more than capable to suddenly step in and "correct" the market.

With all this, looking to higher TF charts to get a sense of direction might be interesting, but is a waste of time. From day to day, the market will decide what direction pricing will take. And my guess is the decision will more frequently than not be ruled by profits to be made short term, than by content of "news". So, more than ever before, the focus of sonicers needs to be on the M15 TF and the London session. Having the patience to wait for the London session to kick things off is more important, and could become more profitable, than ever before.

As most of you have probably already noticed, the market's price whipping and whipsawing is on the increase. Here is possibly the reason why. With the "sensitive balance" needing to be maintained, on EU for example, truely wide swings become "threatening", and a strong breakout for a definate trend might actually be "forbidden". This is speculative, but if the ballpark has been shrinking due to "international concerns and gentleman agreements" then the market is going to become more vicious in it's efforts to take money from others in the smaller "space" allotted it.

The Sonic R. System is fully capable to yield M15 setups, even under these conditions. However, being more patient and more picky can never hurt you, and is more important now.

Personally, since late in January I have some "collected" trades still awaiting something of a more telling move in the right direction for them to be closed at profit, or at a smaller loss. I am not yet concerned, but if the "breadth" of pricing is being restrained by politics, I may become weary of carrying them. I've made more than enough pips to simply dump them now without much pain, but it goes against the grain. So, I'll continue on with them a bit longer. Regarding ongoing trading, my focus is on the M15 to H1 TF charts, and on targets within the day range. I can see no value in speculating on bigger moves based on larger TF charts. The day may come for a surprise big move. And, after the fact, the higher TF charts might be pointed to as having indicated the possibility of such a move. So what. If a new trend move gets under way, there will be the pullback for a less risky entry to start trading it. And the Sonic R. System will show it on M15. Meanwhile, I don't see that putting much stock in what the larger TF charts show is the best "modus oporendi" for our daily trading. This does not contradict Master Sonicdeejay's wise practice of keeping an "eyeball" on larger TFs. It is just that we need to clear our minds, focus on M15, and wait to see whatever the market decides to do that day during the London session, and to be more conservative with targets when a clear trend is not to be found.

In summary, to me the market seems more irradic (vicious). And therefore, it makes sense to gauge it on a lower TF (M15/inside London session) and keep your trades on a tighter leash (TP inside daily range). I am only expressing an opinion here, but looking at my own ten trades for the week, there are three not closed. One was against the immediate trend, one was a non-classic Sonic R. SC (Scout), and one was an early entry (before the London session got underway). Cumulatively, they are down 164 pips at this writing, which puts quite a temporary dent in the 562 pips made on the seven closed trades. It makes me think how much better would be the week's conclusion by being more patient, more picky, and more conservative.

I Wish Good Trading to All Sonicers,
-traderathome

Thank you Tah, for your very good analysis and your own trade comments for this week. Anyway as your closing statements/thinking show...Someone picked up this slogan and put it on their sig. "Being picky only cost your time - not MONEY"...username,deleted.

I thank you for being sincere.

Regards,
H.

Another big thank you for TAH.

Very well written and thought-out analysis and perspective.

And as always, your honesty and gutsiness in being transparent about your trades are refreshing to see.

Thanks for sharing your opinion. Have a nice wkend !

Thank You Master !

We need to get fun from time to time, shouldn't we ?

Great Insight as always... Professor TAH..

Here is one thing that I learned...

"Never average a loser by adding more losers"


If you have a trade in red, do not add any new trade in the direction of the previous trade, till it becomes green.. and wait for an another swing for a set up..


Have a Gr8 weekend..
Sonic

I personally think (the chart tells) that Stock Mkt crash is coming up..
I will wait for massive shorts till the signals are flashing red..



Sonic

I will remember this.

New Release Update:

This weekend concludes the hour shifts for DST. I am waiting to see how the new coding handles it. The major effort in the new release has been to code the placement of the market vLines to more completely handle DST changeovers.

Previous coding leaned on the DST code created by CaveMan for the purpose of making hour shifts for DST changeovers in order to handle the broker server shift and keep the TzPivots correct per the user's setting. I added to this code to handle the vLines. This DST code has been cumbersome, requiring users to input the "DST_Zone" along with their time zone shifted pivots choice, "DST_TzPivots_GMT_Offset". Getting the "DST_Zone" seems to have been a confusing task for many, and I understood that. And timing the vLines shift with the broker server shift was only partially correct. They certainly would shift then, but because London and NYC might not implement DST changeovers when the broker server did there could be additional times when the London vLines or the NY vLine should shift again. There had to be a better way.

It occurred to me to use the SonicR Clock Panel code that imports time zone data. To make a long story short, the SonicR Chart Panel now includes the Clock, and the imported time zone information is used to nail the GMT offsets of London (Lo and Lc vLines) and NYC (Ny vLine), as well as the broker server offset, at all times of the year. In other words, when any of our key locations (London, NYC and Broker server) make DST changeovers, we know it! So, this means the TzPivots and market vLines should always be correct throughout the year regardless of broker and DST changeovers! And, the only required user input is to choose their location for the TzPivots. No more will the user have to inquire of their broker what is the "DST_Server_GMT_Offset". Any time of the year this offset can be seen using the clock, and entered into a special input. Using that special input when the indicator is used during times there is no live data feed (weekends and holidays) assures the proper Broker GMT offset and therefore, the proper display of TzPivots and vLines during these off hours.

So, the complex vLines placement problem of handling three different locations that might implement DST changeovers at different times, is solved. And along with the solution, TzPivots is simplier too.

Assuming all goes well with this weekend DST changeover for London, the new release is near at hand.

I have attached some sample template configurations showing the flexibility of display. The SonicR Chart Panel includes the Clock, TzPivots and vLines (the last release 07-16-2011 excluded the latter two). TzPivots now includes mid-pivots and Fibonacci pivots. The SonicR VSA Histogram indicator replaces the SonicR VSA indicator. The histogram has been given a facelift, plus more. And I am releasing a new SonicR VSA Candlesticks indicator to go with it. The "plus more" involves the inclusion in both of coding that automatically sets bar width according to the chart zoom setting.

The attached charts highlight,
1. a layout typical of previous releases
2. a layout using pivots as the backdrop
3. a layout using the "scale" display of levels, pivots and ranges
4. a layout using Levels as the backdrop

Of course, the "Crown Jewel" of the new release is the SonicR Solid Dragon-Trend indicator which also includes the feature to automatically adjust for the chart zoom setting. This display of the Dragon greatly improves the look of our charts. Eliminating the three lines used to draw the Dragon yields charts that are cleaner and more comprehensible. The new Dragon enables the user to more easily stay focused on the Price Action and support and resistance levels.

Only five indictors are used in the construction of the new template-
1. SonicR Chart Panel
2. SonicR FFCAL Headlines
3. SonicR Solid Dragon-Trend
4. SonicR VSA Candlesticks
5. SonicR VSA Histogram

The upcoming new release should supercede all previous TAH releases and be the only release that is linked in Post #1 of this thread. With it, my wishes will be that the indicators involved help Sonicers to apply the Sonic R. System more profitably.

Sincerely,
-traderathome

Thx u TAH..Ur contributions are precious to sonic R...
i will put the above post in post 1..

Pls just add the attachment..

Sonic

Bravo o both Sonic and TAH

Just a preview, Master. When the coding is confirmed to be ok (when next week starts) and I have some additional time to clean everything up for release, I'll post the release with similar explanatory notes. That will be the post to link into Post #1. The coding has been working ok since the NYC DST changeover with several different brokers. I just want to be doubly sure and see how everything goes on this final DST changeover tonight. I will know after the market opens next week.

-tah

Hi TAH and Sonicdeejay, it is great contribution and will enhance trading results of the Sonikers.

Weldone.

arasheed

Thank you for all your hard work on new release looking forward to it

Cheers

Technically still in the uptrend for sure, but boy do I ever agree with you

Talk about ripe for a reversal, just look at the NASTY rising wedge. The hanging man on the weekly 2 weeks ago right at resistance sucked a lot of shorts in, it looked like double top, was too easy hehe those buggers.

This should be bullish for the USD, if it plays out in any severity. There is some VERY strong support below, but when the market tanks, it usually just goes hard and fast and often right through it. That last pivot at 1345 will be key for sure. (just ignore some of the comments on these charts was making notes for my Brother)

I'm not short yet but the vehicles I play keep getting cheaper and more and more tempting all the time!

Cheers and have a great Sunday

Gr8 stuff..

Welcome onboard,,,Chartist....

Sonic