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Sonic R. System

  • #59,961
  • Sep 25, 2013 12:53am Sep 25, 2013 12:53am
where are you going??

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Sonic
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  • #59,962
  • Edited 1:13am Sep 25, 2013 12:58am | Edited 1:13am
Quoting traderathome
{quote} {quote} {quote} {quote} Rejection, rejection, rejection, rejection! Man, are you ever negative! Loeil, BTW, the correct Fibonacci level is 78.6, not 76.4 which mirrors the 23.6 level. I too have used 76.4, and really, what difference does it make? But, technically speaking, 78.6 is the correct number.
You are wrong about 78.6

Fibonacci retracement is fundamentally based on a single number, which is Golden Ratio: 1.618 or 0.618.

This single magic mysterious number does all the trick and covers the entire Fibonacci numbers or Levels:

0.618x0.618 = 0.382
0.382x0.618 = 0.236
0.236x0.618 = 0.146

So, here is the full sequence of Fib numbers (levels) from 0.1 to 1.0:

0.146 = 1-0.854
0.236 = 1-0.764
0.382 = 1-0.618
0.500 = 1-0.500 (mid point)
0.618 = 1-0.382
0.764 = 1-0.236
0.854 = 1-0.146

(1.236 = 1+0.236 = 0.382+0.854 = 0.618x2 = 2-0.764)
(1.618 = 1+0.618 = 0.764+0.854 = 1/0.618 = 2-0.382)

0.5 is not a fib number to be precise, but it is as important as fib.

At the same time, there is a Gap between 0.382 and 0.618, PLUS
(0.382 + 0.618)/2
(0.236 + 0.764)/2
(0.146 + 0.954)/2
= 1 /2
= 0.5

which means that the middle point of
0.382 and 0.618
0.236 and 0.764
0.146 and 0.854
is 0.5, and obviously it is also the middle point of 0 and 1.
Everything is possible!!! Step by Step...
  • #59,963
  • Edited 1:26am Sep 25, 2013 1:08am | Edited 1:26am
Quoting DmitryFX
{quote} You are wrong about 78.6 Fibonacci retracement is fundamentally based on a single number, which is Golden Ratio: 1.618 or 0.618. This single magic mysterious number does all the trick and covers the entire Fibonacci numbers or Levels: 0.618x0.618 =0.382 0.382x0.618 =0.236 0.236x0.618= 0.146 So, here is the full sequence of Fib numbers(levels) from 0.1 to 1.0: 0.146 1- 0.854 0.236 1- 0.764 0.382 1- 0.618 0.5 mid point 0.618 1- 0.382 0.764 1- 0.236 0.854 1- 0.146 (1.236 = 1+ 0.236 = 0.382+ 0.854 = 0.618x 2 = 2- 0.764) (1.618 = 1+ 0.618 =...
Call wikipedia wrong, not me......http://en.wikipedia.org/wiki/Fibonacci_retracement

They list 0.764 and 0.786 in the same catagory of "Other Ratios" as they place 0.500, with no preference or "seniority" allocated.

And investopedia says at the bottom of their page, "In addition to the ratios described above, many traders also like using the 50% and 78.6% levels": http://www.investopedia.com/ask/answ...etracement.asp

I know all that stuff, DmitryFX. It is not new to me. I have used both numbers over the years, but a paper on retracements that I read many years ago left me with the impression 0.786 was the "more correct" value to use. I just decided to check some current sources to see what came up and I have found nothing that classifies one number "more correct" to use than the other.

-tah
  • #59,964
  • Sep 25, 2013 1:11am Sep 25, 2013 1:11am
GM - for any traders who want more information on using Fibonacci retraces and expansions, Bobokus ran the best thread way back when I first joined FF - http://www.forexfactory.com/showthread.php?t=50767

Later, I ran my "Naked" thread where I concentrated on the .382 to .618 retracements - what I then called the Decision Zone as it is where price "decides" IF it is going to halt its retrace and resume its prior move. For ease of use, I still have my fib tool set up to show the DZ - and the Outer Zones......236 and .764.....
Trading Levels with WRBs
  • #59,965
  • Sep 25, 2013 1:28am Sep 25, 2013 1:28am
Hi Sonicdeejay


Could u please explain me what did u point in ur chart ?
  • #59,966
  • Sep 25, 2013 1:34am Sep 25, 2013 1:34am
An Alert for Trading with the Three Dragons

PipTrapper from the EuroAnalysis thread kindly modified his indicator for use with multiple charts - here's the info.....

Here is an updated (enhanced) version of the MA price cross alert indicator by special request from another thread follower.
This one is like the last one, but it also allows you to use a custom sound after the Alert popup.

Here's what it does...

Upon open of current candle, or loading of the indie/change of TF, if previous candle has crossed the Ma line on a close basis , it pops up and sounds an alert with full details about pair, TF and cross direction.

Settings are:
MaPeriod: This is the number of periods the moving average is based on.
UseEma: If set to "true", uses EMA. If not, uses SMA.
WavFile: The custom wav file you want to use (Only type in the file name suffix. Leave out '.wav')

The MA is hard coded to use the close price.
The line style, width and color can be set from the "Color" tab of the indicator properties box.
This indie works on any time frame, but is only active on the time frame to which your chart is currently set.
To monitor multiple time frames simultaneously, you must install the indie on multiple charts set to the time frames you wish to monitor.
You will only be alerted once per candle.
If you wish to monitor multiple MA periods, you may install the indie multiple times on the same chart with different MA settings.
The same applies to the same MA but one set to SMNA and the other to EMA.
If you choose a custom wav file, the file has to exist in the Sounds folder of MT4
Custom wav files will play on the tick following the Alert Popup. In other words it sounds off on the 2nd tick of the new candle.


Next I'll send some sound files...
Attached File(s)
File Type: ex4 PT-MaPriceAlert-c.ex4   5 KB | 481 downloads
Trading Levels with WRBs
  • #59,967
  • Sep 25, 2013 1:35am Sep 25, 2013 1:35am
Quoting traderathome
{quote} Call wikipedia wrong, not me......http://en.wikipedia.org/wiki/Fibonacci_retracement They list 0.764 and 0.786 in the same catagory of "Other Ratios" as they place 0.500, with no preference or "seniority" allocated. And investopedia says at the bottom of their page, "In addition to the ratios described above, many traders also like using the 50% and 78.6% levels": http://www.investopedia.com/ask/answ...etracement.asp I know all that stuff, DmitryFX. It is not new to me. I have used both numbers over...
In fact I much more agree with Captain about this stuff.
Anyway, the most important levels are 618 and 382. All other rations only as derivatives.
Everything is possible!!! Step by Step...
  • #59,968
  • Sep 25, 2013 1:38am Sep 25, 2013 1:38am
Quoting sonicdeejay
where are you going?? http://www.youtube.com/watch?v=4QHJX...ctbTqf&index=7 Sonic {image}
EJ, Where are you going?

After well over a year of being pushed up, PA is showing signs the party might be coming to an end. For one thing, there is the obvious rising wedge. For another, the two highest activity weeks have been weeks of strong bear candles. Finally, since those two weeks of strong selling, the price has cycled up and down, pump & dumps, as the volume continuously fell off. The market is showing it is far less excited about prices up here than it was before,.....or maybe there are just fewer sucker longs around to enable the bear MMs to do as much shorting up here as time goes on.
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  • #59,969
  • Edited 2:01am Sep 25, 2013 1:43am | Edited 2:01am
Quoting traderathome
UChf Comment This could be near to a break upwards. Perhaps their will be another pull back for EP........... {image}
UChf Comment

There, a decent EP opportunity,......and note the increased volume as the bull MMs spike the price back down so they can go long at lower prices.
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  • #59,970
  • Sep 25, 2013 1:45am Sep 25, 2013 1:45am
Attached are some different sound files. Extract them and put them into your MT4 "Sounds" folder.

To use them in the PT-MaPriceAlert-c which I posted above, put the indicator on your chart - 1m / 5m or 15m, whichever you are watching for your trading - I'm on the 1 min.

Open up the indicators properties box ( right click, select PT-Ma).... click and again on edit. Go to inputs, the bottom line and double click on Alert. Then type in the exact name of the sound file that you wish to use. So check your sounds Folder first to get the correct name!!

I have Boxing Bells, ChainSaws and Klaxons sounding off throughout the day
Attached File(s)
File Type: zip Islander's Alerts.zip   169 KB | 652 downloads
Trading Levels with WRBs
  • #59,971
  • Edited 2:14am Sep 25, 2013 1:51am | Edited 2:14am
Quoting DmitryFX
{quote} In fact I much more agree with Captain about this stuff. Anyway, the most important levels are 618 and 382. All other rations only as derivatives.
DmitryFX,

The fact is you called me "wrong"! And you prepared quite a post to prove it. And after I demonstrated I was not wrong with credible references, you now say it isn't important!

An apology would be a more appropriate response from you.

I am not infallible. And when I am corrected that is a benefit, is it not? However, when a person mistakenly accuses another of being wrong, is it not proper to apologize instead of attempting to just wash the episode aside as being of no consequence?

-tah
  • #59,972
  • Sep 25, 2013 2:00am Sep 25, 2013 2:00am
Started learning Sonic. Using 1 min chart and trying to get only 5-6 pips on each trade. What experts say about my trades as i am novice in Forex trading. Going good or need to improve anything?
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  • #59,973
  • Sep 25, 2013 2:05am Sep 25, 2013 2:05am
1 min scalp short Eur/JPY Asian Session 12 Pips
#( Key Note Make sure to not trade pairs in which news are coming out) Stay Away
Make sure to put your trades at break even...
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Creditors have better memories than debtors.
  • #59,974
  • Sep 25, 2013 2:22am Sep 25, 2013 2:22am
Quoting NewToTrade
Hi Sonicdeejay Could u please explain me what did u point in ur chart ?

EJ has lower lows with 132.7x action as the BASE....

I don;t think it will break.. rather "may" bounce up,,



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Sonic
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  • #59,975
  • Sep 25, 2013 2:25am Sep 25, 2013 2:25am
Quoting akyong
Prof Tah, Master Sonic, Loeil, Msis125125, Would like to hear some of your comments on the analysis below. What are your views? {image} {image} {image} {image} {image}
Hi akyong,

I posted my thoughts about EU,GU,AU,GJ,UJ yesterday. You can find them

I'm watching the charts a little bit differently now. I threw that MMs things off my head, I know they are very important and the price moves like they want it, but it baffles me. Now for me there are just buyers and sellers, I don't care who is moving the price anymore, now I just try to read the signs what are front of my eyes.
Whatever is obvious is obviously wrong!"
  • #59,976
  • Sep 25, 2013 2:27am Sep 25, 2013 2:27am
Quoting worldfreedom
This video has a good example how MM manipulate the markets when thinly traded. If you watch from 17min on there is a very good explanation on how gold is manipulated just like all markets. https://www.youtube.com/watch?v=QkTb8FrQ9ow#t=1304
Whatever is obvious is obviously wrong!"
  • #59,977
  • Sep 25, 2013 2:29am Sep 25, 2013 2:29am
Thank You Sonicdeejay..
  • #59,978
  • Sep 25, 2013 2:30am Sep 25, 2013 2:30am
Quoting loeil
{quote} Hi akyong, I posted my thoughts about EU,GU,AU,GJ,UJ yesterday. You can find them I'm watching the charts a little bit differently now. I threw that MMs things off my head, I know they are very important and the price moves like they want it, but it baffles me. Now for me there are just buyers and sellers, I don't care who is moving the price anymore, now I just try to read the signs what are front of my eyes.
Hey loeil hows the 200ema working out?
I've been using it with the 1min time frame it helps so much with the 120 ema and 89 ema... These are my 3 Dragons.
Ride them dragons....
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Creditors have better memories than debtors.
  • #59,979
  • Sep 25, 2013 2:31am Sep 25, 2013 2:31am
OK Guys 3,000 Pages

Well done and thank you Sonic and TAH for all of your hard work and continuing support......
Trading Levels with WRBs
  • #59,980
  • Sep 25, 2013 2:32am Sep 25, 2013 2:32am
Quoting sonicdeejay
where are you going??
Quoting sonicdeejay
{quote} EJ has lower lows with 132.7x action as the BASE.... I don;t think it will break.. rather "may" bounce up,,
It's quite normal to see some test again. Price has found some support again.
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Closer look on M15.
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Whatever is obvious is obviously wrong!"
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