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Sonic R. System

  • #40,901
  • Nov 14, 2012 6:09pm Nov 14, 2012 6:09pm
Chart
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  • #40,902
  • Edited 7:00pm Nov 14, 2012 6:44pm | Edited 7:00pm
Quoting 1kato
Noob question. Wouldn't trade #1 have hit your SL1 assuming both trades were longs?
Obviously both trades were long, and stated to be so in each trade entry post. And of course the SL1 was eventually hit. That is why I kept the SL mental; to accomodate possible swings and other market shenanegans that might happen prior to the anticipated move, as I stated in the first trade entry post (I did not chicken out on the trade). You should read more before asking such questions, since all this information was already provided as were the "go-back" links to the information.
  • #40,903
  • Nov 14, 2012 7:28pm Nov 14, 2012 7:28pm
Market Comment:

Crazy market. Over the last two days AU finally turned down and dropped. EU finally turned up and rose. GU sort of went sideways to down. And UCad sort of went sideways to up. Quite a mixed bag! I'm no wizard, but I am getting the feeling things will come back into sync.

AU- With that nice drop yesterday, a retrace (up) is in order, then resumption of down = USD strength.
EU- With that nice rise yesterday, which was a retrace in the down trend, this should resume down = USD strength.
GU- With sort of a drop yesterday, a retrace (up) is in order, then resumption of down = USD strength.
UCad- With slowly making upward gains, up yesterday and retracing (down) now, this should resume up = USD strength.

There should be more consistency in the market. When there isn't, like recently, you can tell the big players are really into price manipulation for profit, which can cause things to sort of get out of wack. Personally, I think we are about to come out of such a period. Maybe yes. Maybe no. Anyway, from day to day we just "let the dragon and PA show the way." - Sonic
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  • #40,904
  • Nov 14, 2012 8:12pm Nov 14, 2012 8:12pm
long EJ
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Keep Simple...!
  • #40,905
  • Nov 14, 2012 8:49pm Nov 14, 2012 8:49pm
Quoting kotlt
long EJ
Nice trade, kotlt!
  • #40,906
  • Nov 14, 2012 8:51pm Nov 14, 2012 8:51pm
Quoting traderathome
GU:

Looks like this is setting up for a bull move. This is a slightly different "Dragon" (Ribbon Dragon), so don't be confused. Also, the Trend is different. It is actually the H1 Dragon, not the 89 ema. Anyway see that the two notable volumes were on the buy-up off the quarter number area, and then on the start of the pullback back down to it. Up/down=loading up. Dragon is angled up. Trend has leveled off and might start up if PA moves higher, so this could be the key day for this one. The fact that the pre-LS outfits are taking the price...
http://www.forexfactory.com/attachme...1&d=1352877148

TAH, I'm trying to replicate what you did above, i.e. plotting the H1 Dragon on a M15 chart, so that I can forward test SonicR with only M15 chart open. I put 280 ema (close, shift 0) on M15 chart but it doesn't look the same like what's in your chart. Could you please point where I did wrong? Thanks!
  • #40,907
  • Edited 9:25pm Nov 14, 2012 9:12pm | Edited 9:25pm
Quoting gain4all
http://www.forexfactory.com/attachme...1&d=1352877148

TAH, I'm trying to replicate what you did above, i.e. plotting the H1 Dragon on a M15 chart, so that I can forward test SonicR with only M15 chart open. I put 280 ema (close, shift 0) on M15 chart but it doesn't look the same like what's in your chart. Could you please point where I did wrong? Thanks!
280 ema? Did you pull a rabbit out of the hat while you were at it? Why did you decide on that?

Ok, the dragon is 34 (ema). Means we got to average 34 bars of data on H1. But wait! We want that averaging process to be done down on the M15! What does that entail? Well, one hour equals four M15 time frames. So, 34 hourly bars equals 34 x 4 M15 bars, or 136 bars of data on M15 to gather in the same data as 34 bars on H1. Got it? Therefore, try plugging in 136 ema, based on close prices. That should do it.

Remember, if you switch from M15 to another TF chart, like M30, that requires a different ema. Every different TF chart requires a different ema to replicate the direction of the H1 dragon. But it only makes sense to use H1 for both M15 and M30 charts. Better to use M15 for a M5 chart. And M5 for an M1 chart. And maybe H4 for the H1 chart, etc. Doing this for any higher TF charts is worthless. This is all going into a new indy and being tested for usefulness. Might be a lot of "to do" over nothing. But I am currently thinking that it makes more sense to use as a Trend line on M15, the direction of the H1 dragon rather than the 89 ema. For me, I use M30 with the M15 dragon on it, as sort of the same chart but with less PA noise. So I can flip back and forth between M15 and M30, both showing same dragon, and same Trend line. Time will tell if using the H1 Dragon direction as the Trend line is better than using the 89 ema.
  • #40,908
  • Nov 14, 2012 9:16pm Nov 14, 2012 9:16pm
Entered eu long 2737
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  • #40,909
  • Nov 14, 2012 9:34pm Nov 14, 2012 9:34pm
Quoting traderathome
280 ema? Did you pull a rabbit out of the hat while you were at it? Why did you decide on that?

Ok, the dragon is 34 (ema). Means we got to average 34 bars of data on H1. But wait! We want that averaging process to be done down on the M15! What does that entail? Well, one hour equals four M15 time frames. So, 34 hourly bars equals 34 x 4 M15 bars, or 136 bars of data on M15 to gather in the same data as 34 bars on H1. Got it? Therefore, try plugging in 136 ema, based on close prices. That should do it.
... much appreciate it TAH. I still got the hangover from last night thanks to umbro!

Short GU:
EP 1.5844
SL 1.5858
TP 1.5829 (RR 1:1)
Will trail SL & TP when not away

General trend bearish, H1 to D1 support short, though I should probably wait for another 1-2 M15 candles to confirm my short entry.
LH & LL
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  • #40,910
  • Nov 14, 2012 9:34pm Nov 14, 2012 9:34pm
Quoting alkenany
entered eu long 2737
sl only 10 pips @2727
worh try
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  • #40,911
  • Nov 14, 2012 10:02pm Nov 14, 2012 10:02pm
Quoting traderathome
GU: I also. SL mental because US might wack it down like everyone else has. TP is within RDH, conservative because this is a counter-trend trade.
GU: Added trade #2 long. Original SL1 remains mental. Original TP1 seems a mite far now, so added alternate TP2.
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  • #40,912
  • Nov 14, 2012 10:14pm Nov 14, 2012 10:14pm
Quoting traderathome
GU: Added trade #2 long. Original SL1 remains mental. Original TP1 seems a mite far now, so added alternate TP2.
Where is your stop loss TAH ?
DB#23
  • #40,913
  • Nov 14, 2012 10:15pm Nov 14, 2012 10:15pm
Quoting traderathome
GU: Added trade #2 long. Original SL1 remains mental. Original TP1 seems a mite far now, so added alternate TP2.
TAH, i see a doji candle with high volume, i fear another big drop to DS1 today. Do yo think it possible?
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Keep Simple...!
  • #40,914
  • Nov 14, 2012 10:23pm Nov 14, 2012 10:23pm
Quoting Davidbeckham
Where is your stop loss TAH ?
Right where I show it. This LS could be a swinging one, and I'm not going to waste my time attempting to outguess the market. I will either make profit later, or I will bite the bullet when I no longer have confidence in "Up".
  • #40,915
  • Nov 14, 2012 10:31pm Nov 14, 2012 10:31pm
EU: Entered long. SL mental. TP conservative. CT trade.
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  • #40,916
  • Nov 14, 2012 10:53pm Nov 14, 2012 10:53pm
UCad: Entered long. SL1 mental. Very conservative TP1 because has been conservative making new highs.
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  • #40,917
  • Nov 14, 2012 11:16pm Nov 14, 2012 11:16pm
Quoting traderathome
EU: Entered long. SL mental. TP conservative. CT trade.
I am in the same trade but with lower TP; 1.2786 is my TP
  • #40,918
  • Nov 14, 2012 11:38pm Nov 14, 2012 11:38pm
Hi, I am new to the forex and I am trading with the demo IBFX account.
I have tried may of the indicators and very few got success....
I have come across Forex Factory and have seen Sonic R. System has lots of comments...
So, I wanted to try this indicator and read the PDF attached in the SonicRV3 attachment in the first post.
But unfortunately I could not understand where to buy / sell... can somebody help me to execute the orders?

Thanks.
  • #40,919
  • Nov 15, 2012 12:38am Nov 15, 2012 12:38am
Quoting Shooter150
Gbpusd entered short
Attachment
move my SL on BE ..
" Support/Resistance is your friend .. and TREND your girlfriend .. "
  • #40,920
  • Edited 1:05am Nov 15, 2012 12:45am | Edited 1:05am
This One Could Be Explosive!

Look at volume. Look at PA (Heiken-Ashi format). That is some egg beater going on right now. The market is like a friggin' Dyson vaccuum on this one. Cyclonic PA, whipping the price up and down, around and around while the market sucks up every last scrap of "right way" tradeable currency it can get its hands on! Which way is the "right way"? .....Stay tuned for our next thrilling episode of "The Maniacal Market", where greed and manipulation run amuck!
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