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Sonic R. System

  • #34,541
  • May 8, 2012 3:14pm May 8, 2012 3:14pm
Quoting traderathome
Yes, but take a gander at the Daily......topside of macd study is weak compared to bottomside, and there is decidedly a sharp angled cross down now.

However, this points to the problem with using more and more technical indicators. They are lagging indicators, and like the macd, they seduce the trader into surmising what is about to happen, i.e., predicting.
If I were the market, I would do this favor for me.

Regarding lagging MACD: in terms of classic usage you are right. In EWT we use it in a completely different way since MACD provides useful information as part of the potential pattern under development.

Regarding your thumbs down (predicting): every single decision one makes based on SonicR implicitly involves predicting. The really important is to know exactly the difference between predictions and strategy-based trading decisions.
Mind the gap
  • #34,542
  • Edited 3:31pm May 8, 2012 3:21pm | Edited 3:31pm
Quoting Sunbrella
If I were the market, I would do this favor for me.

Regarding lagging MACD: in terms of classic usage you are right. In EWT we use it in a completely different way since MACD provides useful information as part of the potential pattern under development.
One day, I will go into some detail about just how useful the Macd can be, and I don't mean for EW even though it can help with that too. The key thing the Macd shows is Momo, and even though it is based on lagging EMA's, that doesn't prevent it from nicely showing shifts in Momo and potential reversal setups. There is more to our friend Macd, than meets the eye on first glance...
  • #34,543
  • May 8, 2012 3:22pm May 8, 2012 3:22pm
Look at tipical volume actions for H&S ,notice how Volume a constantly on faling trend,and waht is more typical as Dr.A.Elder decribe for his book is slight low volume after brake and then increase in volume ,evrybody is selling off on paniks,notice how volume surge for today
See blow my trades taken and my Target is 1.2700 ,once level 1.2858 is broke i see big chens for my TP.
Strong belive in this trade,have good BEARIS fealings....
Price level at 1.29x-1.285x can lead in support level for a while
Pure speculations 161.8% above,but the time&Price will reveall the truth..
Regards ,
ExpresID
Trade well
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  • #34,544
  • May 8, 2012 3:31pm May 8, 2012 3:31pm
Quoting Sunbrella
If I were the market, I would do this favor for me.

Regarding lagging MACD: in terms of classic usage you are right. In EWT we use it in a completely different way since MACD provides useful information as part of the potential pattern under development.

Regarding your thumbs down (predicting): every single decision one makes based on SonicR implicitly involves predicting. The really important is to know exactly the difference between predictions and strategy-based trading decisions.
"The really important is to know exactly the difference between predictions and strategy-based trading decisions." -sunbrella

True. And that is the problem. Instead of "I am doing this if PA does that.", the technical indicators seduce traders into "I now believe it is going to do this, therefore I am going to take advantage now and do that." And this can be disastrous! Why not wait for PA to show the way? Or, as Master Sonicdeejay says, "Let the Dragon and PA show the way..." And so, if the trader gets disciplined enough to wait for the Dragon and PA to show the way, those other technicals were never needed in the first place.

Which is, I think, a message Master Sonicdeejay expressed in his own way, many moons ago.

-tah
  • #34,545
  • May 8, 2012 3:42pm May 8, 2012 3:42pm
Quoting jayjonbeach
One day, I will go into some detail about just how useful the Macd can be, and I don't mean for EW even though it can help with that too. The key thing the Macd shows is Momo, and even though it is based on lagging EMA's, that doesn't prevent it from nicely showing shifts in Momo and potential reversal setups. There is more to our friend Macd, than meets the eye on first glance...
Agree, last year I wrote some thought about it. But remember, MACD is not part of the SonicR strategy, so once a year is enough - it's your turn this year . Good topic for the weekend.
Mind the gap
  • #34,546
  • Edited 3:55pm May 8, 2012 3:44pm | Edited 3:55pm
Quoting jayjonbeach
One day, I will go into some detail about just how useful the Macd can be, and I don't mean for EW even though it can help with that too. The key thing the Macd shows is Momo, and even though it is based on lagging EMA's, that doesn't prevent it from nicely showing shifts in Momo and potential reversal setups. There is more to our friend Macd, than meets the eye on first glance...
I used to use macd and particularly noted on lower TFs to wait for a series of three crosses, looking for the third to be lower than the second for shorting, and higher than the second for going long. And a cross preceded by nice "belly" was coveted. Also used in in conjuction with trix, looking for key macd and trix crossings happening almost simultaneously. And used it as a divergence signal.

Obviously, there are many ways to trade. I have found the Sonic R. System to be elegantly simple and effective, which is saying a lot considering all the deceptions and manipulations the market goes thru to take money away from people, manipulations that cause technical indicators to "indicate" one thing at one point in time, and something else only a short while later. A "short while" being relative to the TF, of course. The fewer of such indicators used, the better,....the better to stay focused on PA, and the very few other things comprising the Sonic R. System.

-tah
  • #34,547
  • Edited 4:30pm May 8, 2012 3:47pm | Edited 4:30pm
Quoting Sunbrella
Agree, last year I wrote some thought about it. But remember, MACD is not part of the SonicR strategy, so once a year is enough - it's your turn this year . Good topic for the weekend.
Hehe


p.s - being a fan of EW, take a look at the picture perfect Triangle and B/o on Nat gas, a beaut!
  • #34,548
  • May 8, 2012 4:04pm May 8, 2012 4:04pm
Quoting traderathome
"The really important is to know exactly the difference between predictions and strategy-based trading decisions." -sunbrella

True. And that is the problem. Instead of "I am doing this if PA does that.", the technical indicators seduce traders into "I now believe it is going to do this, therefore I am going to take advantage now and do that." And this can be disastrous! Why not wait for PA to show the way? Or, as Master Sonicdeejay says, "Let the Dragon and PA show the way..." And so, if the trader gets disciplined enough to wait...
TAH, there is no disagreement between us. My chart had no set-up at all, it was a simple reply to your referenced post indicating an optional way Mr. Market may choose during the next couple of hours. That's all.

Nite guys, it's late here.
Mind the gap
  • #34,549
  • May 8, 2012 4:05pm May 8, 2012 4:05pm
Quoting traderathome
Obviously, there are many ways to trade. I have found the Sonic R. System to be elegantly simple and effective, which is saying a lot considering all the deceptions and manipulations the market goes thru to take money away from people, manipulations that cause technical indicators to "indicate" one thing at one point in time, and something else only a short while later. A "short while" being relative to the TF, of course. The fewer of such indicators used, the better,....the better to stay focused on PA, and the very few other things comprising the Sonic R. System.

-tah
VERY important for beginners for sure, is to pick one method, study it, demo it, get profitable then go live with it and not to try and reinvent the wheel by adding a bunch of things etc. I think everyone goes through this stage, and sometimes people never come out of it. It's very easy to get bogged down with "too many" indy's etc and end up with a pile of mixed signals and never pull the trigger! Or, at the wrong times! (I can tell you this from my own experience for sure)

I made a point of trying to learn every aspect of TA I possibly could when I first started, and spent upwards of 5000 hours doing just that. While I don't necessarily regret it, I can tell you that 80 - 90% of what I learnt wasn't needed to trade and make money!

My moral, one should be careful, where they spend their studies
  • #34,550
  • May 8, 2012 7:49pm May 8, 2012 7:49pm
Quoting jayjonbeach
VERY important for beginners for sure, is to pick one method, study it, demo it, get profitable then go live with it and not to try and reinvent the wheel by adding a bunch of things etc. I think everyone goes through this stage, and sometimes people never come out of it. It's very easy to get bogged down with "too many" indy's etc and end up with a pile of mixed signals and never pull the trigger! Or, at the wrong times! (I can tell you this from my own experience for sure)

I made a point of trying to learn every aspect of TA I possibly...
indy like a toy, danger toy for a big boy, got a new indy like got new toy, stop playing when get borring or get fail , and then looking for another indy again. http://www.freesmileys.org/smileys/smiley-talk039.gif


ps : thats what i'm doing
  • #34,551
  • May 8, 2012 10:20pm May 8, 2012 10:20pm
HOTTEST Trading System in FF http://www.freesmileys.org/emoticons...-games-020.gif
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  • #34,552
  • May 8, 2012 10:27pm May 8, 2012 10:27pm
Quoting jasakreatif
HOTTEST Trading System in FF http://www.freesmileys.org/emoticons...-games-020.gif
Nevermind that, find us some Sonic setups matey! How does UJ look? UChf?



Look at that, we missed a nice Sonic re-entry on AJ 2 hours ago, damn
  • #34,553
  • May 8, 2012 10:36pm May 8, 2012 10:36pm
Quoting jasakreatif
http://www.freesmileys.org/emoticons...-games-020.gif
LOL, I enjoy those Sonic emoticons
  • #34,554
  • May 8, 2012 10:37pm May 8, 2012 10:37pm
Quoting jayjonbeach
Nevermind that, find us some Sonic setups matey! How does UJ look? UChf?



Look at that, we missed a nice Sonic re-entry on AJ 2 hours ago, damn
yea .. i late wakeup today, see in london, hope got

= possible short covering , looking for audjpy

Attached Image
  • #34,555
  • May 8, 2012 10:47pm May 8, 2012 10:47pm
EU is on the edge..see attached pic..

Btw.. Asian and london sessions seems more fun than US..

Sonic
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  • #34,556
  • May 8, 2012 11:08pm May 8, 2012 11:08pm
hi there,

great thread here you have sonic,

i've read the Instructions on the Use of the Indicators within the indicator user notes,

i wonder, is there someone can show me which post that explain briefly about VSA and how to use it? would be bad idea to search among 2300 pages...

i've read this one at the beginning of this thread
http://www.forexfactory.com/showthre...60#post2352060

Thx,
  • #34,557
  • Edited 11:48pm May 8, 2012 11:29pm | Edited 11:48pm
Now I'm in my predicament again of hitting the hay before the LO. At this time I wonder if price might try to make a double bottom here on H1. As I'm writing this price is getting a bounce off DS1, that little support from prior low and probably most notable the Monthly TL. (USD is fighting with 80.10 again too, really need it to win that battle and actually it will likely be a fight until it clears 80.40)

Its been fighting with this Trendline, and understandable so the sucker is 11 years old (note this hourly chart isn't showing it, and its a little hard to judge but my other platform is showing it ~ 1.296x). It can't get much more packed into a corner there, but it does have some room to go up on weekly if it really wants to put off the decision on which will be the winning TL

My first ever Sonic and Forex trade, want to make sure it closes in the green and profit doesn't evaporate! Its always a fine line between being greedy, and letting profits run... Guess I'm going to move my stop above the last swing high, go to bed and hope it doesn't get hit. If so, well, so be it, will have to re-access at that point. With a little luck, I'll wake up deeper ITM like today Nite
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  • #34,558
  • May 9, 2012 1:28am May 9, 2012 1:28am
GU:

Apart from already having a short trade running on this, I am looking for this additional short setup with EP= 1.6135.
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  • #34,559
  • May 9, 2012 1:38am May 9, 2012 1:38am
Quoting traderathome
GU:

Apart from already having a short trade running on this, I am looking for this additional short setup with EP= 1.6135.
Ur prev position is pipping?
If yes, pls go ahead with planning for new additional pos..

If not, pls wait..


Sonic
  • #34,560
  • May 9, 2012 1:41am May 9, 2012 1:41am
GU:

Entered short (EP= 1.6135).
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