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Sonic R. System

  • #32,661
  • Mar 25, 2012 9:07am Mar 25, 2012 9:07am
Quoting sonicdeejay
Gr8 stuff..

Welcome onboard,,,Chartist....

Sonic
Thank you kind sir, and thank you for another fantastic photo, I saved this and the last one to my HD
  • #32,662
  • Mar 25, 2012 4:26pm Mar 25, 2012 4:26pm
great job TAH!!!!
  • #32,663
  • Edited 11:58pm Mar 25, 2012 11:32pm | Edited 11:58pm
EU:

Just an opinion being expressed here.

A couple hours after the market opened, the price was worked up to the highs of Friday. Volume at the highs was very light. Volume coming off them was relatively high. This could be an indication of slim pickins' at the highs, not many SLs to hit and not many "wrong side" orders to trigger into the market, both of which would net the price driver some liquidity to get it's own short orders filled. This could spell downside for today. Nobody knows. Downside is looming as ever more likely in the larger picture, but whether or not the market will do so today....nobody knows.
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  • #32,664
  • Mar 26, 2012 12:18am Mar 26, 2012 12:18am
Quoting traderathome
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
another great contribution to the thread. more power to you TAH for your great dedication in coding for sonic charts. BIG UP!!!
  • #32,665
  • Mar 26, 2012 12:32am Mar 26, 2012 12:32am
A possible short on 15min Eur/Jpy:

Waiting penetration through Sonic dragon.


breeze
  • #32,666
  • Mar 26, 2012 12:32am Mar 26, 2012 12:32am
Quoting alrightfrank
another great contribution to the thread. more power to you TAH for your great dedication in coding for sonic charts. BIG UP!!!
Thanks, Frank. For the three brokers I'm experimenting with, one with a broker time at GMT and two others with broker times with different offsets from GMT, the coding seems to be running as intended. London implemented DST this weekend. The London vLines have shifted properly for all brokers, and for the one broker that also DST shifted it's own time, all the vLines are correct. This is going to be so much easier for Sonicers to use.

I appreciate you for expressing the sentiment. Thank you, Frank.

-tah
  • #32,667
  • Mar 26, 2012 12:51am Mar 26, 2012 12:51am
AU & EU:

These have nice waves; balanced spacing, or duration of the legs, with more rather than fewer candles per leg. And the first leg completely crosses the Dragon.

I'm not pointing these out as a trades, just to show what a nice wave looks like. The LO might bring a swing up, so if a short entry is made hereabouts, a trade could go into the red later.

Personally, I'm tempted to enter either short if price falls thru the Trend, even if before LO. But I'm trying to hold back. Especially with EU since it has a redline release coming in a couple of hours. It could go one way up to then, and another way later, when the USD redlines hit. And, it is Monday, maybe a day of "positioning" rather than "moving".
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  • #32,668
  • Mar 26, 2012 1:39am Mar 26, 2012 1:39am
I'm on this trade AUDUSD at 1.04373 SHORT. It's very slow. Any feedback ? Thank you.
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  • #32,669
  • Edited 2:27am Mar 26, 2012 2:10am | Edited 2:27am
Quoting umbro
I'm on this trade AUDUSD at 1.04373 SHORT. It's very slow. Any feedback ? Thank you.
I see that you entered before the London session. Mondays in particular are days when the market might be positioning rather than moving. In the least, it might be slow getting off to a start. Under these circumstances, any good looking setup before the LO should be viewed with skepticism. The LO players tend to "reset" prices to their own liking so they can build positions where they want to, before spuring the price to run anywhere.

Also, it would help the thread if you complied with the color conventions we use here for white charts:
EP = black or blue
TP = green
SL = red
  • #32,670
  • Mar 26, 2012 2:21am Mar 26, 2012 2:21am
GU:

Entered short (EP= 1.5859).
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  • #32,671
  • Mar 26, 2012 2:22am Mar 26, 2012 2:22am
Quoting traderathome
I see that you entered before the London session. Mondays in particular are days when the market might be positioning rather than moving. In the least, it might be slow getting off to a start. Under these circumstances, any good looking setup before the LO should be viewed with skepticism. The LO players tend to "reset" prices to their own liking so they can build positions where they want to, before spuring the price to run anywhere.
Yes, I quit the trade a couple of minutes ago. Today we have also some news...better to be more careful and stay put eventually...
  • #32,672
  • Mar 26, 2012 2:27am Mar 26, 2012 2:27am
Sonic, beautiful picture, just a minor typo.
  • #32,673
  • Mar 26, 2012 2:29am Mar 26, 2012 2:29am
Quoting traderathome
GU:

Entered short (EP= 1.5859).

1.5856 is my entry! nice
fokyou forexfactory
  • #32,674
  • Mar 26, 2012 3:04am Mar 26, 2012 3:04am
Quoting DNTme
1.5856 is my entry! nice
Wanna swim in small pond??

Careful with being pro-USD..

Sonic
  • #32,675
  • Mar 26, 2012 3:14am Mar 26, 2012 3:14am
Quoting sonicdeejay
Wanna swim in small pond??

Careful with being pro-USD..

Sonic
GU:

Maybe small pond....looking bearish to me....maybe small pond become big bay.
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  • #32,676
  • Mar 26, 2012 4:03am Mar 26, 2012 4:03am
Sonikers,

entered AU short.Please dont follow my traders.
Follow sonicdejay or traderotheme 's

cheers
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Dragon the best Indicator
  • #32,677
  • Mar 26, 2012 4:04am Mar 26, 2012 4:04am
Quoting traderathome
GU:

Entered short (EP= 1.5859).
GU:

I decided to close trade here because the run was quick and deep, this might be stopping volume, and there are USD redlines coming. I just think PA will either go stale here, or retrace. It might continue down again after the USD redlines. Nobody knows. No matter what PA does from here, the trade was successful.

Manually closed for 57 pips gain EP= 1.5859 to close= 1.5802.
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  • #32,678
  • Mar 26, 2012 4:05am Mar 26, 2012 4:05am
Quoting mg_vinodkuma
Sonikers,

entered AU short.Please dont follow my traders.
Follow sonicdejay or traderotheme 's

cheers
.... Don't follow anyone's trade....
  • #32,679
  • Mar 26, 2012 4:15am Mar 26, 2012 4:15am
Quoting hunter101
.... Don't follow anyone's trade....
reason..I dont want anyone to take wrong trades becoz of me.
Dragon the best Indicator
  • #32,680
  • Mar 26, 2012 4:55am Mar 26, 2012 4:55am
Quoting traderathome
GU:

I decided to close trade here because the run was quick and deep, this might be stopping volume, and there are USD redlines coming. I just think PA will either go stale here, or retrace. It might continue down again after the USD redlines. Nobody knows. No matter what PA does from here, the trade was successful.

Manually closed for 57 pips gain EP= 1.5859 to close= 1.5802.
Good trade ! Congratulations.

I have a couple of questions. I would like to apologize in advance if you already answered to them. Please be so kindly to give me the pointers or ignore me (I understand).
I understood you guys don't trade the asian session or rarely do it.

1. Do you have any past experience on it ? I mean the London session is easier and more profitable. I have experience on the 5m not on larger timeframe. If I'm able to make 10 pips or so, it's a good result. I normally lower the load during the asian session.

2. What about the news ? Do you ignore them which means you take the trade whatever like today ?

3. Do you have dynamic stop-loss ? For example, at London open I have larger stop and so on.

4. What about the load ? Is it fixed or you tend to change it accordingly to the situation/day/session etc. ?

Thanks in advance,
Umbro
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