Sonic R. System

Quoting Muhammad Ezz

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Out of the longevity of this thread I can assume that it's something working. So I think I'm gonna read it all. but I've one question for you people trading this system is it a scalping system !! because I saw some people posting scalping opportunities :o ... Regards, Ezz

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Quoting JRissa

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{quote} Hello and welcome! There are three different kind of approaches currently with Sonic R system. The Classic Sonic R way on 15m charts aiming for higher timeframe S/R levels, The Three Dragons (scalping) introduced by Mr. Islander way for 1min charts aiming for short term S/R levels +using volume analysis to find good trading oppoturnities and taking profits out, and there's Professor TAH's PVSRA to analyse market in longer term to help building larger position with MM's . I can only advise you to READ a lot, try different approaches and find...

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Quoting DmitryFX

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{quote} Check it here buddy: http://www.forexfactory.com/showthre...85#post6826185

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Quoting smarteng99

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{quote} of course i know my dear but i want to know the most used broker i want to know the broker that TAH use or QFISH or LOEIL please , if any one know the most used broker for PVSRA analysis ,tell me soon THANKS ALL

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Quoting JRissa

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{quote} Thanks! I already got that particular indicator, but I'm afraid I then cannot use it right... These are the lines I'm meaning on Islanders chart: {image}

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Quoting zohaib

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{quote} For that check this post please http://www.forexfactory.com/showthre...00#post6805100 these are outer bands for 34EMA

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Quoting JRissa

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{quote} {quote} Well to answer you both... From charts, you can see that DD vs Profit on trades, other than GJ was pretty good actually. And I think I used support/resistance area to take profits. Also I'm looking for possibility to enter again if there's retracement like I'm thinking... If not; well I'm happy with profit I made already out of this Over 50% Account growth and still 16 trades open on EA, EU, GA and USDCHF

Attached Image (click to enlarge)

{image} {image}

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Quoting Islander

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GM - thank you Zohaid, JRissa, DimitryFX and Catcher777 for your input on the Three Dragons, which remains work in progress for the Experienced Trader. Yes, on my 1 min charts I use the 120EMA as a proxy for the 5m Dragon because its faster and gives me better entries for my objective trades, when used in conjunction with SonicR PVA tick volume around "a level" Before FO I bought 1 unit in UJ after tdays S1 at 99.69 held yet again....

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Quoting Islander

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GM - thank you Zohaid, JRissa, DimitryFX and Catcher777 for your input on the Three Dragons, which remains work in progress for the Experienced Trader. Yes, on my 1 min charts I use the 120EMA as a proxy for the 5m Dragon because its faster and gives me better entries for my objective trades, when used in conjunction with SonicR PVA tick volume around "a level" Before FO I bought 1 unit in UJ after tdays S1 at 99.69 held yet again.... Edit: closed for a wash after I reviewed the PA - 76 minutes of sidways action FAILING to move up - get out!

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Quoting DmitryFX

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{quote} Islander, why not to fill your averages with more sense? Look, you are using 120ema at 1m charts. In fact this is an average price of last 2 hours. So, why not to use 30ema instead of 34ema? It will be equal to half an hour? (4 times less then 2 hours) And why not to use 480ema instead of 520ema? 480ema will be equal to 8 hours (4 times bigger then 2 hours) Don't you?

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Quoting Islander

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{quote} Hi Dimitry - what you say makes a lot of sense and I will take a look at that set up - I seem to remember trying them before - as I have also tried all of the options in the AllAverages indicator. I kept mainly with the 34 ema to stay "in line" with Sonic's settings. Perhaps its time for a change. Regards Islander

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Quoting NewToTrade

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Hi Islander... I didn't found any levels in your All_Averages indicator..And one more question how can I get that 1m dragon with color changeable middle line..Thanks In Advance

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Quoting DmitryFX

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{quote} 34ema @ 15m = 8.5 hours In fact it would be better to use 32ema but 34 is number of Fibonacci and have some kind of power ))) I think this is only the reason of using 34 by SonicR System. BTW I think the same reason of 89ema. 89ema @ 15m = 22h15m, definetly would be better to use an average of last 24 hours = 96ema, but 89 is number of Fibonacci ))))

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