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Sonic R. System

  • #58,681
  • Sep 10, 2013 6:24am Sep 10, 2013 6:24am
So UJ continues on up - I've just banked again - LOL, remember that I always bank early, so whilst I have lunch, just watch it blast on up!!

I've high-lighted the Price Volume Peaks and now that the MMs have taken out all of the sellers, are they ready to send it down.....IMO that will depend on what the US traders want - and I've yet to see any Dollar weakness.....
Attached Image (click to enlarge)
Click to Enlarge Name: sep10 uj 5m 1117.png Size: 51 KB
Trading Levels with WRBs
  • #58,682
  • Edited 8:31am Sep 10, 2013 6:38am | Edited 8:31am
Hi,

am I right that:

1) SonicRV3.zip has been superseded by http://assets.forexfactory.net/images/attach/zip.gif SonicR 2013 Indicators & Template Upgrade.zip which is the most up to date.

2) http://assets.forexfactory.net/images/attach/zip.gif SonicR 2013 Indicators & Template Upgrade.zipt is for both Sonic Classic and PVSAR.

3) The rules for Sonic Classic are still the same as follows:

- only trade london and new york sessions.
- Entry from 15M TF.
- Check the trend using wave analysis - Long: L-H-HL-HH; Short: H-L-LH-LL.
- Angle of the slope (Long 1 to 2 O clock, Short 4 to 5 O clock, avoid 3 O clock Ranging)
- Look for the candle go above / below the dragon till the candle ends...and put the "Buy stop" / "Sell stop" a few pips above the "High" / "Low of that candle.
- Use 4H TF to determine general trend bias and PA.
- Use 1H TF for S&R and PA.
- SL must be big enough.
- TP is a must and usually at important psychological levels such as fib, pivots, round numbers, S&R.
- TS is also a must especially in profits and not looking at screen.

Thanks.
dc
  • #58,683
  • Sep 10, 2013 6:40am Sep 10, 2013 6:40am
Quoting Islander
So UJ continues on up - I've just banked again - LOL, remember that I always bank early, so whilst I have lunch, just watch it blast on up!! I've high-lighted the Price Volume Peaks and now that the MMs have taken out all of the sellers, are they ready to send it down.....IMO that will depend on what the US traders want - and I've yet to see any Dollar weakness..... {image}

can you attach your template?
  • #58,684
  • Edited 9:14am Sep 10, 2013 6:52am | Edited 9:14am
Quoting zllz
{quote} so the MMs are bulls all along? I see prices was hike up to trick in more shorts?
Go see my post 20 hrs before n see t orange circle..

Sonic
Attached Image
  • #58,685
  • Sep 10, 2013 7:05am Sep 10, 2013 7:05am
Gold had nice trades today ...
you can see the picture here..
http://ijhas.blogspot.be/
born to speculate
  • #58,686
  • Sep 10, 2013 7:06am Sep 10, 2013 7:06am
Quoting sonicdeejay
{quote} Go see my post 20 hrs before n see t orange circle.. Sonic

I entered for the first time at 1282.1 ...took first profit..
born to speculate
  • #58,687
  • Sep 10, 2013 7:32am Sep 10, 2013 7:32am
From the PMs that I am getting there is some confusion about my 1 min chart. As I have explained many times, I decided to "speed up" how I show the 5m dragon which should be shown as 34 *5 = 170 period to a 120 period - the two versions are shown below.

To modify the SonicR Filled Dragon indicator, open Navigator, Right click on this indicator and then click on the blue "Modify" icon which will open MetaEditor - you should ALL know how to do this as it is essential for reading the mine of information that TAH and his helpers have provided for you.

Scroll down to "Dragon_Period" and change the 34 to 120 (or 170 if you wish to use that setting)

Click on "Compile" and then close the Editor.

On the chart below, since FO at 6am GMT there have been many opportunities to Buy UJ off both the 5m Dragon AND the very fast 1m Dragon - some of which I have already posted. When I came back in before lunch, I took that last signal off Yesterday's High & the 1 min Dragon and banked as I posted earlier.
Attached Image (click to enlarge)
Click to Enlarge Name: sep10 uj 1m 1218.png Size: 56 KB
Trading Levels with WRBs
  • #58,688
  • Sep 10, 2013 7:37am Sep 10, 2013 7:37am
Hi Islander !

I'm thinking to use your idea on M15, so the other tf's will be M30 and H1. What do you think ?


Quoting Islander
From the PMs that I am getting there is some confusion about my 1 min chart. As I have explained many times, I decided to "speed up" how I show the 5m dragon which should be shown as 34 *5 = 170 period to a 120 period - the two versions are shown below. To modify the SonicR Filled Dragon indicator, open Navigator, Right click on this indicator and then click on the blue "Modify" icon which will open MetaEditor - you should ALL know how to do this as it is essential for reading the mine of information that TAH and his helpers have provided for...
  • #58,689
  • Sep 10, 2013 7:59am Sep 10, 2013 7:59am
Quoting euroswiss
Hi Islander ! I'm thinking to use your idea on M15, so the other tf's will be M30 and H1. What do you think ? {quote}
IF I was going to use the Three Dragons on the 15m TF, I would initially try a faster Dragon - the 5m - so 34/3 = an 11 period EMA using the AllAverages indicator and then stay with the 89ema as per the Classic Sonic.......then I run these and other settings over say 90 trading days and look at the results and see what helps YOU make the most consistant profits.
Trading Levels with WRBs
  • #58,690
  • Edited 8:50am Sep 10, 2013 8:34am | Edited 8:50am
Quoting Islander
{quote} IF I was going to use the Three Dragons on the 15m TF, I would initially try a faster Dragon - the 5m - so 34/3 = an 11 period EMA using the AllAverages indicator and then stay with the 89ema as per the Classic Sonic.......then I run these and other settings over say 90 trading days and look at the results and see what helps YOU make the most consistant profits.
I now have bought 1 unit in both € and GbpUsd after recent pull backs.....

NB UJ now choppy and sideways.....just MAY be topping out.....TWT
Trading Levels with WRBs
  • #58,691
  • Sep 10, 2013 9:11am Sep 10, 2013 9:11am
Quoting Islander
{quote} I now have bought 1 unit in both € and GbpUsd after recent pull backs..... NB UJ now choppy and sideways.....just MAY be topping out.....TWT
Edit: I finally squeezed $8 out of Cable and $10 out of € when the hit the same levels as nearly an hour ago! - BFN
Trading Levels with WRBs
  • #58,692
  • Sep 10, 2013 9:28am Sep 10, 2013 9:28am
Hello everyone.
I'm struggling here day after day to learn PVSRA.
someone could tell me if these Shorts entries are correct?

Thanks!!!
Attached Image (click to enlarge)
Click to Enlarge Name: audusdmm15.png Size: 78 KB
  • #58,693
  • Sep 10, 2013 9:37am Sep 10, 2013 9:37am
Quoting piplus
Hello everyone. I'm struggling here day after day to learn PVSRA. someone could tell me if these Shorts entries are correct? Thanks!!! {image}
i Think you should space them off of .25 .50. 75. Whole!
Give your positions to breath!
Creditors have better memories than debtors.
  • #58,694
  • Sep 10, 2013 9:41am Sep 10, 2013 9:41am
Quoting ForexSwag
{quote} i Think you should space them off of .25 .50. 75. Whole! Give your positions to breath!

Oh yes.
I thought about it, but not put into practice.
I think the rest is correct, right?

Thanks ForexSwag!
  • #58,695
  • Sep 10, 2013 9:50am Sep 10, 2013 9:50am
Quoting piplus
{quote} Oh yes. I thought about it, but not put into practice. I think the rest is correct, right? Thanks ForexSwag!
Some of your sell orders are way to close to each other..... More space= more margin!
But everything else looks fine to me.
Creditors have better memories than debtors.
  • #58,696
  • Sep 10, 2013 9:50am Sep 10, 2013 9:50am
The AUDUSD make me crazy!
  • #58,697
  • Sep 10, 2013 9:54am Sep 10, 2013 9:54am
Everything seems to be moving fast this week... MM must be loading up a ton of shorts....
Creditors have better memories than debtors.
  • #58,698
  • Sep 10, 2013 10:05am Sep 10, 2013 10:05am
Quoting ForexSwag
Everything seems to be moving fast this week... MM must be loading up a ton of shorts....

Maybe, MMs prepares for Thu and Fri. Those days have a lot of high impact news.
Keep learning until you die :-)
  • #58,699
  • Sep 10, 2013 10:08am Sep 10, 2013 10:08am
PVSRA not rocks at the moment anymore

My GJ first trade is almost 500 pips below from the moment price, and that is a mistake! Although we saw the bearish sign there. What a waisted long opportunity
Whatever is obvious is obviously wrong!"
  • #58,700
  • Sep 10, 2013 10:18am Sep 10, 2013 10:18am
  •  St3ve
  • | Joined Jan 2013 | Status: Recovering from losses ... | 77 Posts
Quoting loeil
PVSRA not rocks at the moment anymore My GJ first trade is almost 500 pips below from the moment price, and that is a mistake! Although we saw the bearish sign there. What a waisted long opportunity
My first GU entry is almost 700 pips down - and don't even try to imagine how many scouts I sent to battle after the first one ...
Hopefully, we get a chance to close all those trades soon. I would even be happy to close them with a few thousands pips in the negative (compounded). Then I will definitely reevalute the strategy ...
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