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Sonic R. System

  • #46,281
  • Apr 15, 2013 11:04am Apr 15, 2013 11:04am
Quoting Tymedu
Hi Sonic, You have lines showing prev month high, low, etc. Is that an indicator? If the answer is yes, where can I get it? I´m always drawing those lanes manually and it would be perfect to have an indi for that. Best, Tymedu
If you click on the paperclip that's on the top dark blue line of each page you'll get 2 part sub menu, the upper part is for File Attachements - a newish idea in FF as before it was mixed in with Images - and a couple of pages back I think you'll find that indicator. No need to ask Sonic & TAH for simple stuff.......
Trading Levels with WRBs
  • #46,282
  • Apr 15, 2013 12:37pm Apr 15, 2013 12:37pm
Quoting Islander
If you click on the paperclip that's on the top dark blue line of each page you'll get 2 part sub menu, the upper part is for File Attachements - a newish idea in FF as before it was mixed in with Images - and a couple of pages back I think you'll find that indicator. No need to ask Sonic & TAH for simple stuff.......
Cool! Didn't know that part of the thread, extremely useful tyvm sir.
To fail is just an opportunity to learn
  • #46,283
  • Apr 15, 2013 1:46pm Apr 15, 2013 1:46pm
Quoting traderathome
UCad: Entered long as a Scout, based on previous discussion on this. Am prepared to do so again if LS MMs really wack it, maybe to half number area/below! But for that, I'd want to see high relative volume on the wacking, with most of it at the lower prices, which can only be determined by dropping down to M1 to study the situation better. No TP nor SL at this time. BTW, if you apply a FR study to the last run up, you will see the current pullback down has been to the 62% retrace area, and my entry long is close to that, so as a Scout it might...
Quoting traderathome
UCad: MMs finally took price back down and I have added long trade #2, another scout. Edit: Added long trade #3, also a Scout. Finished on this one today. {image} {image} {image}
Quoting traderathome
UCad: Added long trade #4, Scout, for obvious reasons. {image} {image}
Quoting traderathome
UCad: Added long trade #5, Scout. {image}
Quoting traderathome
UCad Long Trade: Added long trade #6, a Scout based on MMs again hitting the lows and engaging in heavy trading. {image}
Quoting traderathome
UCad Long Trade: Added long trade #7, a Scout, as MMs took price back below whole number. {image}
Quoting traderathome
UCad Long Trade: Added long trade #8, another Scout as MMs drove price to RWL. {image}
UCad Long Trade:

Closed all eight long trades for 60x8= 480 pips gain, average EPx8 to close at TP1=EP2= 1.0238.
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  • #46,284
  • Apr 15, 2013 1:47pm Apr 15, 2013 1:47pm
Are there signs for AU long ? high volume activity below the whole number..
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Whatever is obvious is obviously wrong!"
  • #46,285
  • Apr 15, 2013 1:48pm Apr 15, 2013 1:48pm
long audusd 1.03488
  • #46,286
  • Apr 15, 2013 1:52pm Apr 15, 2013 1:52pm
Quoting traderathome
GU Short Trade: Entered short, a Scout based on the MMs having pushed up the price, above the whole number, with high volumes appearing on M1 while price is above the whole number. Also, this rise is baseless except for the upcoming USD release. So, it may well be the MMs are simply hiking the price to load up on shorts, fully intending to run the price back down later, regardless of what is released. We'll see. This could go higher, especially if the MMs are bears. When the release hits, they could (have done many times before) drive prices higher...
Quoting traderathome
GU Short Trade: Just added short trade #2, a Classic short. No SL at this time, and TP1 is tentative. {image}
Quoting traderathome
GU Short Trade: Added short trade #3, a Scout based on M1 confirming highest relative volume at each of the highs achieved by the MMs (confirmed bears shorting at highs). No SL and the TP remains tentative. {image} {image}
GU Short Trade:

Closed all three short trades for 100x3= 300 pips gain, average EPx3 to close at TP2.
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  • #46,287
  • Edited 2:51pm Apr 15, 2013 1:53pm | Edited 2:51pm
Quoting traderathome
Volume, the Meaning of Bar Sizes Of course the size of the volume bars matters! Did I say differently? No! Every broker has different volume, but the relative change in the size of the bars will come at similar times for the same reasons. It is the change in the size of the bars that is the key, because sudden relative big changes tell you something important is happening. The true extent of that something we can never know because volume bars are not a measure of the actual amount of currency being traded. Look for relative changes that "stand...
Apologies I am reading back through posts so this addresses old point. The volume each of us sees on our own charts is presumably only the volume our own brokers experience? That being the case the information we see is, at best, incomplete, and at worst case misleading as the really big volumes occur at the top tier of FX trading from which we humble traders are far removed. The volume we see is a reaction to this and hence to an extent delayed. Watching SonicR's impressive predictions of PA he clearly has it nailed. My question is this, is the volume data we get sufficiently robust (I am using Dukascopy) or are there superior feeds for volume data that would be better, for instance professional subscription services? I suspect the proof is in the pudding, the results seen in this forum suggest the volume info is sufficient.

Edit:
I found part of the answer to my question in a TAH post
"Conclusions drawn from the study of the relationship between price and volume cannot be exacting. For one thing, forex volume is only the count of trades on your broker's server, not the market-wide count on total currency being traded. For another thing, and more importantly, the "Big Money" trading outfits can turn price around on a dime and send it far off in the opposite direction. And they can do this at any time, no matter what any sort of technical study has been "telling" you! "

Still interested to know if there are better data sources for volume. The more I read on the machinations of forex the more convinced I am of the worth of superior information. I am particularly thinking about non speculative commercial tier one volume which I understand to be the bulk of real fx trade - and we do not even see it.
Katte, kabuto no o wo shime yo. Size doesn't matter, leverage is the killer
  • #46,288
  • Apr 15, 2013 2:01pm Apr 15, 2013 2:01pm
As Market Heats Up, Trading Slips Into Shadows
Everything is possible!!! Step by Step...
  • #46,289
  • Apr 15, 2013 2:09pm Apr 15, 2013 2:09pm
Quoting traderathome
UJ Short Trade: Entered short, an M15 Classic short trade re-entry based on sudden M1 high volume after MMs got price above whole number. Remember, MMs like to close longs/open shorts above whole numbers. This could be just one of more moves up, followed by more high volume. If the MMs move price up sufficiently (maybe above 98.40) I might add another short, a Scout short. No SL, no TP at this time. {image} {image}
Quoting traderathome
UJ Short Trade: Added short trade #2, a Scout and based on M1 increased volume after the London Open, when the MMs again mounted a drive up, this time to the quarter number area. It seems to be failing there, but it could just be a pause to be followed by even higher prices. I am still looking to see if the MMs get it near to, or above the half number, where I might add again. No SL, no TP at this time. {image} {image}
UJ Short Trade:

Closed both short trades for 100x2= 200 pips gain, average EPx2 to close at TP1.
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  • #46,290
  • Apr 15, 2013 2:20pm Apr 15, 2013 2:20pm
Quoting traderathome
GU Short Trade: Closed all three short trades for 100x3= 300 pips gain, average EPx3 to close at TP2. {image}
Trading or Magic?
Everything is possible!!! Step by Step...
  • #46,291
  • Apr 15, 2013 2:38pm Apr 15, 2013 2:38pm
Quoting hansma
Let´s see how this one goes... Regards, H . {image}
Sort of went to it+s target

H.
"The future is already written in the past"
  • #46,292
  • Apr 15, 2013 3:13pm Apr 15, 2013 3:13pm
Before & After . As I stated last week, EURAUD rocked , hope some of you took some pips from this 200 pip move ! And it was easy



Quoting okanemici
Hi Jrissa, Here is my ideas about your previous setups which they didn't work or made you suffer for a long time.Try having 1h 34 ema or high and low channel on your 15m chart ! If your 15m setup is below 1h channel skip it, if it is above the 1h 34 ema channel take it.You could have better results .I put the usdcad for Professor Tah, he should'nt have longed it earlier in a downtrend and waited for a better setup ! Cheers, Okan {image} {image} {image} {image}
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  • #46,293
  • Apr 15, 2013 3:39pm Apr 15, 2013 3:39pm
I get your point and most of the time you are right.But using 1h tf ma and dragon is a part of this thread from time to time.Even 1m, 5m and 4h.I have other arsenals in my templates and when I post here I try to add only the related ones.This time it was a 1h mtf ema, not a hulabaloo , ichimoku , bollinger or linear regression line.I see that something special happening with your trades but believe or not this little mtf ema saved me from numerous mistakes too

Have a good day


Quoting traderathome
Frustrated More Than Childish Okanemici, did I act like a kid? I did not intend to do so. If I did, I apologize for that. I am not a pro, and I struggle and have struggled as much as anyone. I am just futher along now in the process of growing more successful. And along the way I realized that throwing more price derivative indictators onto a chart, and below a chart, is not the answer to speeding up the growing process. All indicators except volume are price derivative indicators. Instead of any or all of these, price is sufficient. What is needed...
  • #46,294
  • Apr 15, 2013 3:42pm Apr 15, 2013 3:42pm
UChf Comment:

Sonicers, this PA is extremely bullilsh. This could go back up 200 pips (see your H1 chart), maybe on further up after that.

-tah
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  • #46,295
  • Apr 15, 2013 4:28pm Apr 15, 2013 4:28pm
Quoting traderathome
EU Short Trade: Added short trade #2, a Scout, as MMs took price above previous high. {image}
EU Short Trade:

Added short trade #3, a Classic re-entry based on bearish M1 PA just below half number, following extremely bearish PA just above half number earlier. MMs like to close longs and open shorts above half numbers. They prefer whole numbers, but half numbers is on their list too. No SL and TP1 (set yesterday) is now very tentative because this could drop quite a ways further. The new RDL is probably a better TP choice, even for a tentative TP1.
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  • #46,296
  • Apr 15, 2013 6:14pm Apr 15, 2013 6:14pm
Quoting traderathome
UCad Long Trade: Closed all eight long trades for 60x8= 480 pips gain, average EPx8 to close at TP1=EP2= 1.0238. {image}
Dear Prof TAH,
First of all I have to assure you that everyone here appreciate your time, knowledge and effort you put in educating others for free of charge. I am one of them.

What I am going to raise is NOT by all means to discredit you in any way as I have a healthy respect for you.

I few pages before I asked you about money management regarding your "scout" trades that went against you considerably before it turned and made profit for you.
Here is my example on your UC trade.

The 8 buy entries went against you in a total of 766 pips before it turned and made the profit what you are claiming. Why I am writing "claiming" is because we have no proof that you have ever made those trades.
Anyway, let's assume you did.

Honestly, who can afford to have a live account go against him/her 766 pips without a margin call?

Don't you think that publishing those trades without an explanation of money management (that I have asked you to publish but you conveniently disregarded my request) endangers peoples' accounts?
  • #46,297
  • Apr 15, 2013 8:05pm Apr 15, 2013 8:05pm
Quoting spitt
Dear Prof TAH, First of all I have to assure you that everyone here appreciate your time, knowledge and effort you put in educating others for free of charge. I am one of them. What I am going to raise is NOT by all means to discredit you in any way as I have a healthy respect for you. I few pages before I asked you about money management regarding your "scout" trades that went against you considerably before it turned and made profit for you. Here is my example on your UC trade. The 8 buy entries went against you in a total of 766 pips before...
I am sure TAH will answer you himself and you identify the single most important aspect of trading in my view and that is money management. I urge everyone to collate at least two months of their own data on any trading system on a demo account before committing any money. If you do not do this you haven't a hope. Whilst TAH publishing his own figures may be of some interest they would be of little help to you as everyone trades differently so will get different results. Once you have accurate data of your trading draws you can then plan your money management so that you never drawdown more than say 10% of your equity. I personally stop trading if I get to 5% to review what has gone wrong. I then will only trade half my usual position until I recover lost pips. That means I am forced to be more consistent and work smarter. That way I minimise the risk of ever hitting 10%. If 1000 pips is a realistic drawdown possibility on one set of trades you would not want that to be more than 5% of your account at most. You can do the Maths on that.

TAH may have a different view.

I think your post was unnecessarily critical, I suspect you did not mean it to come across that way but be careful.


Hope that helps.
Katte, kabuto no o wo shime yo. Size doesn't matter, leverage is the killer
  • #46,298
  • Edited 8:52pm Apr 15, 2013 8:35pm | Edited 8:52pm
Quoting revoli
I am sure TAH will answer you himself and you identify the single most important aspect of trading in my view and that is money management. I urge everyone to collate at least two months of their own data on any trading system on a demo account before committing any money. If you do not do this you haven't a hope. Whilst TAH publishing his own figures may be of some interest they would be of little help to you as everyone trades differently so will get different results. Once you have accurate data of your trading draws you can then plan your money...

revoli,

You made some good points about money management and drawdown. It is very much down to the traders own prudence how he/she manages his trading account and risk exposure.

What TAH is posting here in this SonicR thread are his own trades and he should post them in the Trading Journal thread and not cloud this nice SonicR system thread with his very own style of money management and high risk exposure. His comments and what he thinks about PVA and Market Manipulators has gone way off the original sonicR system methodology. What TAH thinks about MM is not important as Sonic reminded us to trade what wee see on our charts.

TAH' way of trading is not sonicR and the thread starter Sonicdeejay has warned us before on TAH' style and also about over exposure, etc. Sonic warn us about trading and our ego too. Everyone following this sonicR system must have the maturity and discern for himself/herself how to trade independently with own money management principles.

But I have great respect for TAH becasue he is a great programmer and he dedicated a lot of his time and energy to code all those nice indicators for sonicR. Let's give give credit for this great work. If there is an oscar award for this, I will surely nominate him.

Why do we need to "be careful" when we post here in this thread.
We observe Forex Factory rules and also respect the thread owners laid down rules and his principle "Sharing is Caring".

Regards and Trade Well.
Attached Image(s) (click to enlarge)
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Honesty is a very expensive gift. You wont find it in cheap people.WBuffett
  • #46,299
  • Apr 15, 2013 8:48pm Apr 15, 2013 8:48pm
Quoting revoli
I am sure TAH will answer you himself and you identify the single most important aspect of trading in my view and that is money management. I urge everyone to collate at least two months of their own data on any trading system on a demo account before committing any money. If you do not do this you haven't a hope. Whilst TAH publishing his own figures may be of some interest they would be of little help to you as everyone trades differently so will get different results. Once you have accurate data of your trading draws you can then plan your money...
Thanks Revoli. May be my post was somewhat critical, I would call it analitical but by no means hostile.
My point is, that any trade analysis that makes a 766 pips draw down is a mistake. Especially for some newbies with a $500 or $1,000 account who is trying to make some money. Yes, I can make my own math....and we all know that price is tend to back where it was before after a drop/rise.
I just thought it is somewhat dangerous without proper explanation.
  • #46,300
  • Apr 15, 2013 9:04pm Apr 15, 2013 9:04pm
Wouldn't want TAH to think anyone questioning his integrity. He might sulk then where would we be?
:-)
Katte, kabuto no o wo shime yo. Size doesn't matter, leverage is the killer
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