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Sonic R. System

  • #68,701
  • Edited 12:54am Apr 11, 2014 12:39am | Edited 12:54am
Thought this slide might be of interest to some. Crowds sees selling and astute traders sees buying by watching demand and supply zones.....sound familiar?

USD/JPY great example of PA finding strong demand/support at around the 101.380 area while offering multiple trading opportunities;
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Keep It Simple
  • #68,702
  • Apr 11, 2014 12:55am Apr 11, 2014 12:55am
Quoting feinan
AUD/USD Classic. Dragon Angled south, EMA89 Angled south, price break supports at whole number with high activity.. {image}
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5 hours later, told cha
t.me/LWBRfx Discord.io/LWBR
  • #68,703
  • Apr 11, 2014 1:58am Apr 11, 2014 1:58am
Tah.

ref post 68683

i like how you got your support resistance zones neatly laid out.
were they drawn or indicator used? Similar indicator to it is the supply demand..called supdom.

also thankyou for posting a classic sonic setup.

could you please post one for scout?

It would be good to see what im looking at while studying the sonic system.
i feel i know the classic

only thing with classic i had a ? About has been answered thankyou from your post.

Price below dragon and below trend line with both dragon and trend line pointing bearish for shorts and opposite for longs
  • #68,704
  • Apr 11, 2014 1:59am Apr 11, 2014 1:59am
How do i take a snapshot of my whole mt4 screen so i can post it here
  • #68,705
  • Apr 11, 2014 2:03am Apr 11, 2014 2:03am
Quoting devontrader
How do i take a snapshot of my whole mt4 screen so i can post it here
Press the "Print Screen" button on your keyboard when you have your MT4 screen up
Just below the text box when posting is "Upload Screenshot"
Click that and press Ctrl + V, then crop and import.
  • #68,706
  • Apr 11, 2014 2:15am Apr 11, 2014 2:15am
Quoting devontrader
How do i take a snapshot of my whole mt4 screen so i can post it here
I simply use "AltGr"+"PrtScn" and paste it to microsoft paint. Then I crop the chart and draw what I like. Then save as .png and upload
I know the secret...
  • #68,707
  • Apr 11, 2014 2:19am Apr 11, 2014 2:19am
Quoting JRissa
{quote} I believe we can get pretty good picture where and when price possibly rewerses. EU short trade #1 was entered with Classic Sonic R setup +PVSRA. {image} I advised not to get in too heavily and wait what happens at next full number, if price still continues up Here is what I see on EU {image} Position building works just fine, if you don't overtrade. Calculating risk is harder than with normal single entry +sl because every added position accelerates drawdown speed as price keeps moving. I personally am waiting for next target zone before...

jRissa

may I ask , what is that triangle appeared in your charts ?
is it an indicator ? or it comes out from calculations ?

thanks
  • #68,708
  • Apr 11, 2014 3:00am Apr 11, 2014 3:00am
Quoting Repsaj
SHS ? {image}
Close trades manually, and wait for Price Action.
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Check your emotions. How are you?
  • #68,709
  • Apr 11, 2014 3:09am Apr 11, 2014 3:09am
Quoting devontrader
How do i take a snapshot of my whole mt4 screen so i can post it here
You want the chart only or the whole terminal?
if chart only on your chart right click > save as picture > active chart (as is) [untick the posting to MQL website]
if whole terminal press the print screen button on your keyboard and paste it in paint.
  • #68,710
  • Apr 11, 2014 3:12am Apr 11, 2014 3:12am
Grab +10 pips on AUD/USD scalp trade...
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Creditors have better memories than debtors.
  • #68,711
  • Apr 11, 2014 3:27am Apr 11, 2014 3:27am
forexswag

could you explain your red blue indicator pls or email me
[email protected]
  • #68,712
  • Apr 11, 2014 4:06am Apr 11, 2014 4:06am
EURUSD

h4 hammer on 1.39

m5: does that volume pick means reversal?
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Scan all 28 Forex pairs with ONE chart... Currency Strength28 Indicators
  • #68,713
  • Apr 11, 2014 4:08am Apr 11, 2014 4:08am
Quoting JRissa
Here is another sample about structure from AJ {image}.
Hi JRissa
What's the indicator do you use on the right of the picture?
  • #68,714
  • Edited 4:49am Apr 11, 2014 4:14am | Edited 4:49am
Quoting JRissa
{quote} I believe we can get pretty good picture where and when price possibly rewerses. EU short trade #1 was entered with Classic Sonic R setup +PVSRA. {image} I advised not to get in too heavily and wait what happens at next full number, if price still continues up Here is what I see on EU {image} Position building works just fine, if you don't overtrade. Calculating risk is harder than with normal single entry +sl because every added position accelerates drawdown speed as price keeps moving. I personally am waiting for next target zone before...
JRissa,

We are thinking along the same line, but except for one important point. You stated, "I believe we can get pretty good picture where and when price possibly reverses." This statement contains two words that cause me to disagree with it. The two words are "when" and "reverses".

The "when" is a problem. Levels, other S&R horizontal lines, and oblique trend lines all suggest reversal points, and where a trend line crosses a horizontal S&R line suggests the time that price will reach the "where". Sounds good except for one fact. We cannot know how price will move next. Things might suddenly get whipped or whacked and thereby happen sooner, or things might get drawn out with unexpected retraces and ranging. We simply cannot know how price will move next. For me, this invalidates the "when" assertion in your statement.

The term "reverses" is a problem. Yes, places where price might land if it continues in one direction or the other can be ascertained from historic PA. But I have the same problem with the assumption that is where price will reverse as I have with the use of the terms supply and demand. We cannot know how price will move next. Price can reach a S&R level and not reverse, or to put it another way, price can reach a supply or demand level and not reverse. Just as we cannot know how price will move, neither can we intelligently assume past areas of supply or demand will hold up as such the next time price gets to one. And the reason is simple. Take supply for example, a proliferation of sell orders, which practically speaking are placed by the big investment houses/banks. These sellers might or might not use the same level again and again whenever price is in the area. They might place sell orders there and they might not. They might place orders there to sucker MMs into pushing the price up there, but then cancel and replace the orders higher, in order to coax the MMs to continue to push the price up. The MMs know where everything exists, but even they do not control the placement, cancellation and replacement of huge orders by the big investment houses/banks. To use the terms supply and demand is to infer that we know there actually is a supply or a demand at various levels. We do not! There might not be, or there might not be by the time the MMs get through pushing the price there! So, for me, this invalidates the assertion of "reversal". Too many times already Sonicers position building have run into great draw downs because friggin' "supply" never occurred!

We cannot know how price will move next. We cannot know when trends will reverse. And neither can we intelligently just assume a past level of supply will be a future level of supply, anymore than we can assume that the next time price reaches a resistance level, it will reverse. It is important to be able to spot S&R areas, based on historic price action. It is also important to make no assumption as to what price will do should it arrive at one.

-tah
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  • #68,715
  • Apr 11, 2014 4:27am Apr 11, 2014 4:27am
Quoting traderathome
NZDJPY Short Trade Opened: Entered Short #1, Classic. This is a very good setup because we see nice bear PA waves and now a PA wave with the Dragon angled down, the Trend angled down, the Dragon below the Trend, and price action below both. {image}
NZDJPY Short Trade Update:

Added short #2, Scout, as price retraced up to 1/4 Level area.
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  • #68,716
  • Apr 11, 2014 4:37am Apr 11, 2014 4:37am
I inserted Sonic Trade Levels indicator but doesn't show on chart...anyone can help to make it work?
There is a winner and a loser, nothing in between.
  • #68,717
  • Apr 11, 2014 4:42am Apr 11, 2014 4:42am
buytosell

try closing mt4 and re-opening it for a starter
  • #68,718
  • Apr 11, 2014 4:47am Apr 11, 2014 4:47am
Quoting devontrader
buytosell try closing mt4 and re-opening it for a starter
No changes, indicator on, dll checked...still only bars on screen
There is a winner and a loser, nothing in between.
  • #68,719
  • Edited 5:12am Apr 11, 2014 4:49am | Edited 5:12am
Quoting traderathome
{quote} JRissa, We are thinking along the same line, but except for one important point. You stated, "I believe we can get pretty good picture where and when price possibly reverses." This statement contains two words that cause me to disagree with it. The two words are "when" and "reverses". The "when" is a problem. Levels, other S&R horizontal lines, and oblique trend lines all suggest reversal points, and where a trend line crosses a horizontal S&R line suggests the time that price will reach the "where". Sounds good except for one fact. We cannot...
This comes to second point I said; after defining levels where MM's are able to exploid other traders, we apply PVSRA analysis. Way I'm looking candle/volume action here is this:
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Now this comes near to what I'm using for scalping:
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And for the rewersal part we should see next:

Zone for MM's buy limits estimated:
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PVSRA action at that level:
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And for live ongoing example of this happening on GU:

Estimated zone:
Quoting JRissa
For trading: Everyone should start watching GU priceaction closely in 50pips. If I'm correct, there will be great place to start shorting this pair . Just a word of caution; It can go all the way to 1.70... So watch PA and take actions accordingly. Not blindly against upwards pressure! Wait for downwards pressure to form as I have described in linked material in this post: http://www.forexfactory.com/showthre...09#post7392609 MM's are most certainly going to exploid those buy limits +stoplosses, so am I ...
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And PVSRA activity at that level.
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There are more extremely good exploidable zones little more up, so I'm being cautious here not adding too much with too little spacing. That's money management.
I know the secret...
  • #68,720
  • Apr 11, 2014 4:56am Apr 11, 2014 4:56am
buytosell


email me at [email protected]
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