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Sonic R. System

  • #35,961
  • Jun 12, 2012 4:45am Jun 12, 2012 4:45am
Still holding UJ will see how it plays out.
  • #35,962
  • Edited 5:13am Jun 12, 2012 4:51am | Edited 5:13am
Quoting worldfreedom
Opened taking a small position in the AJ and UJ long. Careful as markets are choppy.
WF, RDH at 79.286 (my broker chart) is missing from your AJ chart. It should be appearing almost exactly where you show you have selected your target to be. Since your chart does show RDL, I suspect another of your indicators (drawing moving average line levels) might be obscuring the results of other indicators, such as the H/L range marks generated by the SonicR Control Panel. You might want to look into this.

I am already long on this from yesteday. Today I placed the FR study on AJ M15 and found an extraordinary result in that the FR extensions peg both RDH and RDL. A remarkable coincidence. Nothing remarkable about the FR 50% pullback, however, especially if the market is going to go bullish on this one.
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  • #35,963
  • Jun 12, 2012 5:14am Jun 12, 2012 5:14am
Quoting traderathome
WF, RDH at 79.286 (my broker chart) is missing from your AJ chart. It should be appearing almost exactly where you show you have selected your target to be. Since your chart does show RDL, I suspect another of your indicators (drawing moving average line levels) might be obscuring the results of other indicators, such as the H/L range marks generated by the SonicR Control Panel. You might want to look into this.

I am already long on this from yesteday. Today I placed the FR study on AJ M15 and found an extraordinary result in that the FR extensions...
At the risk of being scolded I want to ask two questions:

#1 - where did the purple candles come from? (mine are red, green, blue, black, and gray)
#2 - what is the FR study?

Thanks in advance!
  • #35,964
  • Jun 12, 2012 5:25am Jun 12, 2012 5:25am
Quoting jasakreatif
still watching this line, make me interested
maybe its just lucky, but look like.. its works ..

http://www.forexfactory.com/attachme...3&d=1339393129
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  • #35,965
  • Jun 12, 2012 5:38am Jun 12, 2012 5:38am
Quoting ArtfulDodger
At the risk of being scolded I want to ask two questions:

#1 - where did the purple candles come from? (mine are red, green, blue, black, and gray)
#2 - what is the FR study?

Thanks in advance!
1. Purple candles not important (hybrid HA candles). Maybe just better for me to see PA waves (experiment).
2. Standard MT4 Fibonacci Retracement tool (with added levels).
  • #35,966
  • Edited 7:24am Jun 12, 2012 7:12am | Edited 7:24am
Quoting jasakreatif
maybe its just lucky, but look like..
safe by SL hit, not clear.... dont see something
  • #35,967
  • Jun 12, 2012 9:13am Jun 12, 2012 9:13am
Quoting traderathome
GU: Added long (EP= 1.5494). Still hours before LO and price could pull down yet again, maybe to make another mini-double bottom as on Friday. So SL is inactive. Making this early trade because there is also the possibility price will not pull back down, but continue up from here.
I can not understand why you try to buy EUR and GBP if the daily charts shows that the market will fall by Price action?
  • #35,968
  • Jun 12, 2012 9:44am Jun 12, 2012 9:44am
+23 pips EURUSD.

Hard to make pips today!!

L.
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  • #35,969
  • Jun 12, 2012 12:09pm Jun 12, 2012 12:09pm
Gentlemen, dont run after the market, control your emotions and wait for the long trend soonestttttttttttttttttttt.

Bonne journee.
  • #35,970
  • Jun 12, 2012 12:10pm Jun 12, 2012 12:10pm
Quoting JeRRimix
I can not understand why you try to buy EUR and GBP if the daily charts shows that the market will fall by Price action?
Reference EU and GU:

First off, I didn't "try to buy..." I did buy.

Secondly, be very careful of forming a bias when looking at the higher TF charts. Why? Simple. Price history is not a 100% reliable "predictor" of future price action. Charts are nothing more than a historical record of prices. Yes, in that history there might be a "pattern" suggesting a higher than 50% probability of what price might later do, but that is certainly not a guarantee. More follow-on price action must show up as "confirming" before the "pattern" should start to be viewed as possibly "in play".

One of the simplicities of the Sonic R. System is that it just takes what the market gives daily on the M15 TF chart. And frankly, what the market gives daily, might or might not have much to do with anything found on higher TF charts.

Master Sonicdeejay often reminds, "Let the market decide." The implication is clear. Follow PA on M15, and properly trade what Sonic R. Setups show up. That can be quite different than what your bias is telling you to do, based on what you see on higher TF charts.

As for my entries, on M15 I saw what I will refer to as "rebound strengthening" after prices fell, closing the opening of the week gaps. I traded the Sonic R. setups that appeared before the LO due to the price strengthening I perceived, not knowing if things might simply take off without waiting for LO. If prices did wait for LO, then there was a more than likely chance of prices revisiting some lows again, as BBs loaded up. This turned out to be the case. The BBs are not finished with EU at the lows. It has gone nowhere. However, GU reached the target price. Both trades are still running.
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  • #35,971
  • Edited 1:12pm Jun 12, 2012 1:01pm | Edited 1:12pm
Market Commentary:

Be warned, this is speculative. There is no way to prove it, not even if future results bare it out.

This week opened with gaps on some major pairs. Looking at the longer term trend for these pairs, it is easy to surmise the gaps were head fakes, confirmed by the subsequent strong runs with the trend that closed the gaps. Consider the possibility that just the opposite is the case.

I'll use EU as an example, though any would suffice. The longer term trend is down. The gap was up. The ensuing strong run closing the gap was down. Ok, that is a point for assuming the gap was a head fake to sucker in longs. Now, what if that is not the case? Why could the gap up be a genuine indicator of future direction, if followed by such another strong run with the down trend?

Consider that the market presumably always needs sellers if the market wants to be a buyer. What better way to encourage sellers into the market than by "gifting" them with a gap up so they can start shorting at higher prices! And what could be better encouragement for shorters than for the market to continue to steadily drive the price down, as if to "prove" that the shorters are on the correct side of things! And, as shorters flocked to take advantage of the opportunity they saw, who do you think was taking the buying side of all that selling?

If the gaps and the ensuing "closing runs" are nothing more than a "strategy" of the market, then much bigger moves in the direction of the gaps are coming.
  • #35,972
  • Jun 12, 2012 4:17pm Jun 12, 2012 4:17pm
Quoting traderathome
AJ: Entered SonicR long (EP= 79.13), M5 in second half London session.
AJ: Manually closed trade at 79.24 for 11 pips gain EP to close.
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  • #35,973
  • Jun 12, 2012 7:07pm Jun 12, 2012 7:07pm
EU:

In yesterday trading, the highest level of activity was at the lowest level of pricing (see pic. attached). Prices have bounced off this half number area four times in the past five days. The more times price bounces off a support area, the stronger the market considers that support. So, maybe the market went down for another "load up long" move figuring a breakout up is coming. Well, the market ought to know since it makes price move once it is ready for the move.
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  • #35,974
  • Jun 13, 2012 1:33am Jun 13, 2012 1:33am
just shorted usd , with candychart
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  • #35,975
  • Jun 13, 2012 1:42am Jun 13, 2012 1:42am
Quoting jasakreatif
just shorted usd , with candychart
Not early? I think that the narrow range on the dollar/frank is not broken
  • #35,976
  • Jun 13, 2012 2:31am Jun 13, 2012 2:31am
There are to many trades to post diagrams. I am using the same criteria as my previous posts on the 15min TF. These are short term trades. the UJ is the only longer term trade I am looking for it to close above 80 to reinforce and accelerate my long position target is above 85.
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  • #35,977
  • Jun 13, 2012 2:53am Jun 13, 2012 2:53am
SL still not yet move to bep.
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Money Management and Patience is the Key
  • #35,978
  • Jun 13, 2012 3:02am Jun 13, 2012 3:02am
Quoting worldfreedom
There are to many trades to post diagrams. I am using the same criteria as my previous posts on the 15min TF. These are short term trades. the UJ is the only longer term trade I am looking for it to close above 80 to reinforce and accelerate my long position target is above 85.
Hit small targets
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  • #35,979
  • Jun 13, 2012 3:26am Jun 13, 2012 3:26am
Hi, I'm new to the forums and fairly new to forex, took some basic courses. I was looking for trading systems and stumbled on the one with the most replies.

I was looking at the original post and I ended up downloading the TAH version and due to the 2000+ pages of thread I want to know if someone can link me to a post or download link on how to use this template. Like when to open trade, close trade or put a stop loss and how to trail a stop loss.

Thank you.
  • #35,980
  • Jun 13, 2012 4:37am Jun 13, 2012 4:37am
Hello, check this one site, very interesting I think.
http://money-management.hostoi.com/
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