Sonic R. System

SLV is back to its cave (range), after hitting the upper band 29.2x... and I see 28.1x as the ultimate resistance and hope it hold..

That will be better if a trader can wait for a strong breakout..



Sonic

As far as I know to place option is not the same as to sell...

As it was supposed the EU had found strong support around FIBO 50% retracement level (around 1.2875).
So, now it's very possible to see the test of the nearest resistance zone around 1.3135.

Thanks for your reply.

I am just a beginner too. Try to understand how to interpret this volume. I see your point.
But, the chart you posted is very interesting for me because I don't understand whether it should be interpreted as long or short. Wee see very high activity just above the 1.30xx. This seems to show loading of shorts.

Then subsequently we see a huge candle with high volume which looks some what like a bullish pin bar. Now this would generally show that the price was pulled down and there was lot of trading activity (which should logically be longs).

So, finally I am confused whether to interpret this as long or short building since the two events happen so close to each other.

I'll try to help people to properly understand Professor TAHs volume indicator and volume all together.

BUT FIRST! REMEMBER THAT WE DON'T TRADE VOLUME ALONE! ONLY USE IT AS SUPPORT/CONFIRMATION FOR SONIC R SETUP!

Professor TAH has made great job here with this volume indicator and special way to display candles. Volume histogram, for my understanding isn't any more special, than normal mt4 volume histogram, as showing volume. The way it shows it is special; When there is "climax" candle, both histogram and candle shows it. Climax candle means that there were huge amount of volume on that particular candle compared to average volume of candles. The color of histogram bar here is red, if the candle closed below open, or green, if the candle closed above open. Blue candles/histogram mean that there were somewhat more volume than average, but not enough to be considered as climax candle. You can see the same climax candles with normal volume histogram, as I am seeing with my mobile mt4. I'm mostly using iPhone with mobile mt4 and there's no way to add extra indicators. Just find candles that have huge spike on volume histogram below.

So climax candles, what does they mean?

1. Climax candle, possibly long one with no shadows/wigs mean that there were a lot of trading going on and mostly to same direction. This means that there is high possibility that price continues to go that direction. For example piercing trough support/resistance level.
2. Climax candle with long shadow to one direction means price got to level that triggered a lot of orders to reverse direction. This candle can predict that price has come to highest/lowest point and is about to change direction. If this candle shows up near historical support/resistance level or half/full number, that will increase probability that this candle is reverse point.
3. Climax candle that has long shadow on both ends means that there is a lot of orders going each direction and something is going to happen soon when the price breakes to one direction.

Size of climax candles can indicate size of orders made. The more lots there are traded, the more there is price change, so longer candle.

So how can we use this?

When these climax candles appear, start looking for forming Sonic R setup. Here I think that live example will be good.
So lets take an example from my yesterdays EJ trade.


Here I spotted climax candle forming at full number, so I start to look Sonic R setup and not trade it right away.



Here we can see that if I would have traded climax candle right away, the price would have stopped me out later going below full number again. But this time proper Sonic R setup is formed on 5min chart. There is also number 2. kind of climax candle formed.



Here we see that once again Sonic R setup worked and reason for taking profit so fast is that on higher time frames pa was under dragon and dragon pointing down.

So using volume in your trading, you can increase the probability that forming Sonic R setup will be valid. Also you can use it to spot price levels fast, where there might be upcoming Sonic R setup. Many use this as spotting early entry at lower time frames.

And once again; don't trade volume, trade Sonic R setup! Use volume as helper spotting and confirming setups!

Most of this acknowledge has been written on this thread by Professor TAH and master Sonicdeejay and some of it I have found around web. Hopefully it's right and I'm not misleading anyone to wrong direction, but this is the way I use and understand volume.

JRissa

Edit:
On this post http://www.forexfactory.com/showthre...45#post6538745 I think is perfect example where number 1. Climax candle was formed and spotted by Master Sonicdeejay to be read wrong setup against it.

I like the way you make the analysis..with the higher TF bias..

You deserve my vouch..


Bravo Soniker..

Sonic

Thank you Master! I consider it an honour to get this V from you

Hi Sonic,

I tried to follow your system in 2 days also add my rule a little bit, indeed, it worked well.

Many thanks,

Hi,

is it possible that you share "your" rules with other traders too?

Anyway well done!

Hi,

Thanks for creating Sonic. I want to ask about how do i determine the sell , is it opposite of buy entry. e.g CCI at zero line or sloping down , QQE at 50 , volume charge not showing blue color. (Green or white or yellow) Tunnel Dragon showing 4 or 5 o clock direction.

Oh i am using Sonic R V3.

Thanks!

Sunday.. Relax..

Sonic

excellent post, this guy is amazing

thanks sonic

Reversal of the trend? or just another correction area?

Goodday all, I've been reading and studying the sonic system a while now.

I have a question for the Timezone mark (Lo, Ny, Lc), it doesn't seem to be applied correctly.

My broker is fxdd GMT + 2, however when I adjusted the control panel in Broker GMT offset = 2
It is still not correct. Can anyone tell how I fix this?

Thanks

Edit : nevermind, I changed the option to apply it now to true now its correct.

First of all thanks for master deejay and others who put this system together.


However if I may conclude the sonic system trading as follows:


1. We are basically trading the 2 moving average crosses(34 and 89ema) - 15min recommended.
with stoploss above previous swing high or below swing low.

2. Trade based on price action (Low high LowerLow) or vice versa, with Top down time frame analysis.

3. Trade around London open to New york open as there's more liquidity.

4. Use the sonic VSA as volume indication, Red bar as bear, Green as bull.

5. Understanding of important candlestick.


Am I still missing something?

Hi,

I think if you wait 34 and 89ema cross, you missed lot of valuable pips, specially on 15min timeframe.

If you remember this: "Wait for a WAVE leg #3 candle to break out of the DRAGON, and place your entry order at least several pips beyond it." you can act much earlier and catch more pips. It's just my opinion

This is just so funny..



Sonic