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Sonic R. System

  • #65,841
  • Feb 18, 2014 2:22pm Feb 18, 2014 2:22pm
Quoting JRissa
{quote} Not seeing any potential on divergences... {image}
I think...
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Adaptarse es la clave
  • #65,842
  • Feb 18, 2014 2:43pm Feb 18, 2014 2:43pm
EG Short, Limit orders.
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There is no spoon....
  • #65,843
  • Feb 18, 2014 3:49pm Feb 18, 2014 3:49pm
Oil short!
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There is no spoon....
  • #65,844
  • Feb 18, 2014 3:53pm Feb 18, 2014 3:53pm
Quoting elcurioso
{quote} I totally agree. The indicators work. Many traders despise indicators are claiming that lag behind the quote. But indicators help interpret the quote and waves. But you need to know to use them. In my opinion, Sonic R.System better with a good use of indicators. {image}
Not trying to pick a fight, but realize that divergence indicators are all derived from price (like almost all indicators). What that means is you can look at a chart and see divergence for yourself without the use of an indicator. The problem with indicators is that they always sacrifice detail for sake of an easier picture. If you want to add divergence to your repertoire, I recommend you learn how to spot it with your own eyes. Yes, it's harder at first, but I guarantee you it will make you a better trader. After a while you can look at a divergence pattern on a chart and tell yourself the quality of one particular pattern. That is something no indicator can ever do.

There are only a handful of few good threads here on FF. The ones that stand the test of time and show traders a profitable strategy have one thing in common: they always hesitate when people use indicators.
I'm a dog chasing cars.
  • #65,845
  • Feb 18, 2014 4:00pm Feb 18, 2014 4:00pm
Quoting JRissa
{quote} Another test... Where should price go? who wants to try? {image}
Usually I don't like to predict price direction, but I'll put myself out there this time. Today we saw a lot of consolidation across most major pairs. Periods of in-volatility lead to volatility. My guess is tomorrow or Thursday price is going to drop hard (for GBPUSD). We seem to be accumulating above a 1/4 number right now and have been slowly inching downwards over the day and a half. Also, if you check the daily, price has been developing that lovely rounded look that indicates market turnover.

That's just my opinion though. Thank god I don't trade based off my hunches
I'm a dog chasing cars.
  • #65,846
  • Feb 18, 2014 4:02pm Feb 18, 2014 4:02pm
Quoting ElectroGypsy
{quote} Not trying to pick a fight, but realize that divergence indicators are all derived from price (like almost all indicators). What that means is you can look at a chart and see divergence for yourself without the use of an indicator. The problem with indicators is that they always sacrifice detail for sake of an easier picture. If you want to add divergence to your repertoire, I recommend you learn how to spot it with your own eyes. Yes, it's harder at first, but I guarantee you it will make you a better trader. After a while you can look...
Divergence has to be confirmed before entered as trade, whether it is a indicator or eye spotted. Simple. Confirmation of the divergence is a completely different story.
There is no spoon....
  • #65,847
  • Feb 18, 2014 4:09pm Feb 18, 2014 4:09pm
Quoting Msis125125
{quote} Divergence has to be confirmed before entered as trade, whether it is a indicator or eye spotted. Simple. Confirmation of the divergence is a completely different story.
Looks like we'll have to agree to disagree on this one then. Sure, divergence has to be confirmed, but quality is so utterly crucial when making any kind of trading decision. For example, if I trade PVSRA and use pinbars for additional confluence, just because I get a pinbar on a chart tells me nothing of the quality of the pinbar. A high quality pinbar includes the wick of the candle, the location of the candle in relation to S/R levels, the time of day, etc.

So sure, you may be right. It's very possible that with your other trading signals, the addition of confluence provided by a divergence indicator yields you better trading results than without it. I just think that those results could be even further improved if you scrapped the indicator and looked at the price itself, and then considered only high quality divergence as confluence.
I'm a dog chasing cars.
  • #65,848
  • Feb 18, 2014 4:11pm Feb 18, 2014 4:11pm
Sitting tight on -13% DD. Not adding any more positions from this point onwards.
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Hopefully we can count on a reversal with these pairs soon
  • #65,849
  • Feb 18, 2014 7:56pm Feb 18, 2014 7:56pm
Interesting article...
http://www.rightsidenews.com/2014021...the-storm.html
  • #65,850
  • Feb 18, 2014 10:10pm Feb 18, 2014 10:10pm
Just a heads up to all sonicers, GBP has a lot of very important news tonight all at the same time. This could be a game changer...
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The only question, is 2014 the year?
We're 2 hours out from the LS open and we sit faced with wondering, which way will she break?..
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Guess we'll find out tonight, should be exciting if things look like they are changing amongst the BOE with interest rate sentiments
  • #65,851
  • Feb 18, 2014 11:35pm Feb 18, 2014 11:35pm
Todays Classic trades on EU, EG, EJ, USDCHF

Little early entries, because LO has not started yet, but setups look very good and I have no time today to be at screen.

So trades entered with hard SL's and off I go to do something else
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I know the secret...
  • #65,852
  • Feb 18, 2014 11:59pm Feb 18, 2014 11:59pm
Quoting SaiLyfee
Sitting tight on -13% DD. Not adding any more positions from this point onwards. {image} Hopefully we can count on a reversal with these pairs soon
I thing is account is small no trades two pairs correlation and I see 2 enter to fast.
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  • #65,853
  • Feb 19, 2014 12:08am Feb 19, 2014 12:08am
Quoting JRissa
Todays Classic trades on EU, EG, EJ, USDCHF Little early entries, because LO has not started yet, but setups look very good and I have no time today to be at screen. So trades entered with hard SL's and off I go to do something else {image} {image} {image} {image}
EURJPY classic trade. JRissa his right for me.
Green candle momentum, nice mushroom, dragon below, nice volumen.
Very possible.

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  • #65,854
  • Feb 19, 2014 12:40am Feb 19, 2014 12:40am
Added one more Classic trade

GU long.
Attached Image
I know the secret...
  • #65,855
  • Feb 19, 2014 12:58am Feb 19, 2014 12:58am
Quoting JRissa
Added one more Classic trade GU long. {image}
Be carefull. Lateral Trend and News soon
Adaptarse es la clave
  • #65,856
  • Feb 19, 2014 12:59am Feb 19, 2014 12:59am
Quoting atstrader
{quote} Sir tah, have you tried to use the SonicR indicators I modified and posted on Feb 5 ? I repost the modifications now again without zip file. They are based on the latest public version of your SonicR templates. {quote} Install instructions: - go with explorer into folder C:\Program Files\<your MetaTrader install folder>\MQL4\Indicators - create new folder &quot;SonicR&quot; - copy indicators from this posting into folder C:\Program Files\<your MetaTrader install folder>\MQL4\Indicators\SonicR - open MetaEditor and open...
Hi Atstrader, If you could also help to modify for SonicR Control Panel (Black) and SonicR FFCal Panel (Black), since I have try to move all indis as your suggestion, only this two cannot running well. regards, Hardi
  • #65,857
  • Feb 19, 2014 1:07am Feb 19, 2014 1:07am
Quoting JRissa
Added one more Classic trade GU long. {image}
Same here...Long. EP1-1.6695, EP2-1.6710...TP: 16776Where have you set your TP?
  • #65,858
  • Feb 19, 2014 1:16am Feb 19, 2014 1:16am
Quoting elcurioso
{quote} Be carefull. Lateral Trend and News soon
fLAT tREND...
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Adaptarse es la clave
  • #65,859
  • Feb 19, 2014 1:25am Feb 19, 2014 1:25am
Quoting FXRobert
{quote} I thing is account is small no trades two pairs correlation and I see 2 enter to fast. {image}
Thanks I agree those ones were too early, these 2 trades alone have taught me so much, it definitely sets in when things are live. A lesson I'll be sure to remember
Hopefully just not a costly lesson at that haha.
  • #65,860
  • Feb 19, 2014 1:41am Feb 19, 2014 1:41am
Quoting JRissa
Added one more Classic trade GU long. {image}
GU
lowered SL level under recent swing low prior news and added long on news candle based on PVSRA prior news.

Might be adding to loser, but I doubt it
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Quoting JRissa
Todays Classic trades on EU, EG, EJ, USDCHF Little early entries, because LO has not started yet, but setups look very good and I have no time today to be at screen. So trades entered with hard SL's and off I go to do something else {image} {image} {image} {image}
EG

Rised SL prior news and added short on news candle based on PVSRA prior news.

This too might be adding to loser, but will see SL 0.82616
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I know the secret...
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