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Sonic R. System

  • #11,001
  • Mar 16, 2010 11:15pm Mar 16, 2010 11:15pm
congrats SONIC 11,000 posts, though this post does not relate to any sonic entry. sorry
  • #11,002
  • Mar 16, 2010 11:47pm Mar 16, 2010 11:47pm
UJ:

This PA looks very much like the PA on GU yesterday. I refuse to make the assumption that therefore this will yield a long setup. I remain open to PA moving either way.

SonicR - Let the market decide.
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  • #11,003
  • Mar 16, 2010 11:55pm Mar 16, 2010 11:55pm
Thanks T, I get you know.

I think UJ is going to breakout any time.
Interesting that the High and Low of that BEOB is the wave on M15
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Starting to see instead of just looking.
  • #11,004
  • Mar 16, 2010 11:58pm Mar 16, 2010 11:58pm
TAH

How come on H4 that BEOB candle has a volume of 2182 yet there is only a tiny volume spike?

Yep, it busted out, no higher low yet though and we are a long way from FO or LO
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  • #11,005
  • Mar 17, 2010 12:20am Mar 17, 2010 12:20am
Quoting Rastaman
TAH

How come on H4 that BEOB candle has a volume of 2182 yet there is only a tiny volume spike?

Yep, it busted out, no higher low yet though and we are a long way from FO or LO
Please explain BEOB and show H4 chart w/whatever volume study you are referring to.
  • #11,006
  • Edited 12:58am Mar 17, 2010 12:43am | Edited 12:58am
Quoting traderathome
Please explain BEOB and show H4 chart w/whatever volume study you are referring to.
Maybe it is better in an email as I don't want to confuse new people.

What do you want me to explain about the BEOB?


It is in your mailbox
Starting to see instead of just looking.
  • #11,007
  • Mar 17, 2010 1:11am Mar 17, 2010 1:11am
Quoting Rastaman
Maybe it is better in an email as I don't want to confuse new people.

What do you want me to explain about the BEOB?


It is in your mailbox
I don't have the same H4 candles, so I'll have to make a conjecture just on the NVO. If your NVO period is 10, then the 10 previous periods are taken into the averaging. If there is a high spike first in the period, the current count might not show as a spike, due to a high average. Then next period the spike is dropped out of the averaging period, enabling a smaller count to appear as a taller histogram bar because now the new 10 period average is lower due to the dropped spike bar.

It is all based on the average. And when a series of spikes occur, they may seem to taper off, but actually continue with a high count. They taper off, even with a sustained high count, due to the fact that the average for the period is escalating. So an "X" count histogram bar at the beginnig of a sudden series of spikes will appear taller than another "X" count histogram bar serveral bars later.
  • #11,008
  • Mar 17, 2010 1:49am Mar 17, 2010 1:49am
Quoting traderathome
I don't have the same H4 candles, so I'll have to make a conjecture just on the NVO. If your NVO period is 10, then the 10 previous periods are taken into the averaging. If there is a high spike first in the period, the current count might not show as a spike, due to a high average. Then next period the spike is dropped out of the averaging period, enabling a smaller count to appear as a taller histogram bar because now the new 10 period average is lower due to the dropped spike bar.

It is all based on the average....

I get it now T, thanks for the in depth explanation.
I take it the 10 default setting is what you are using it with.


Can you post an H4 chart of GU so I can have a gander at what you are looking at?
I just want to compare the PA, your broker is GMT +2 hours if I remember correctly?

This price action sort of reminds me of what we saw yesterday, EU and Ej same H4 BEOB with a bullish engulfing bar right after them.

May be some tricky stuff going on again today.
Starting to see instead of just looking.
  • #11,009
  • Mar 17, 2010 1:59am Mar 17, 2010 1:59am
Quoting Rastaman
I get it now T, thanks for the in depth explanation.
I take it the 10 default setting is what you are using it with.


Can you post an H4 chart of GU so I can have a gander at what you are looking at?
I just want to compare the PA, your broker is GMT +2 hours if I remember correctly?

This price action sort of reminds me of what we saw yesterday, EU and Ej same H4 BEOB with a bullish engulfing bar right after them.

May be some tricky stuff going on again today.
Is this the chart you asked for?
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  • #11,010
  • Edited 2:22am Mar 17, 2010 2:11am | Edited 2:22am
Quoting traderathome
Is this the chart you asked for?
Yes, sorry T. It was not GU it was UJ.

Too busy with things today.

Thanks

Interesting to compare charts.

Looks like we are all viewing totally different candles.
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  • #11,011
  • Mar 17, 2010 2:33am Mar 17, 2010 2:33am
GU:

I am watching out for this one. After yesterday's pump, it could give a nice run back down a ways. NVO shows high trading interet at the highs at the Frankfurt open...trading that moved the price down a bit.
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  • #11,012
  • Mar 17, 2010 2:38am Mar 17, 2010 2:38am
TAH you bullish on EU?

EDIT: Did it again.


I am wondering if it is going to try and make it up to the 1.4000.
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  • #11,013
  • Mar 17, 2010 2:54am Mar 17, 2010 2:54am
Quoting Rastaman
TAH you bullish on EU?

EDIT: Did it again.


I am wondering if it is going to try and make it up to the 1.4000.
I don't know what to make of it, other than if GU drops, so likely is EU to go down some also.
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  • #11,014
  • Mar 17, 2010 3:01am Mar 17, 2010 3:01am
Yeah, I am only taking demo trades today, I don't like the PA we are seeing.

It's a good chance to practice getting in earlier.
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  • #11,015
  • Mar 17, 2010 3:19am Mar 17, 2010 3:19am
ep 5216
sl 5265
tp1 5177
tp2 5127

BEST TO ALL
DanPa
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  • #11,016
  • Mar 17, 2010 3:33am Mar 17, 2010 3:33am
Quoting DanPa
ep 5216
sl 5265
tp1 5177
tp2 5127

BEST TO ALL
DanPa

You SL is right where my buy stop is! LOL

Not Sonic r trade though.
Starting to see instead of just looking.
  • #11,017
  • Mar 17, 2010 3:41am Mar 17, 2010 3:41am
UJ Long Trade:

London open trading is liking this one to go higher it looks like......

My plan is to close 2/3 at FE 100% level and let 1/3 run.
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  • #11,018
  • Edited 5:00am Mar 17, 2010 3:50am | Edited 5:00am
Quoting Rastaman
You SL is right where my buy stop is! LOL

Not Sonic r trade though.
if it goes there, i will go long too!

HOpe you guys are on the long side of GU..i was out for -10 pips (manually)...and now i am long from 5266!

PS!!!!!!!!!! i am up 70 pips already and counting...RASTAMAN...hope you are in too!
  • #11,019
  • Edited 5:18am Mar 17, 2010 5:06am | Edited 5:18am
ACTUALLY? it is very first time when i put such entry order on sonicR...but i like it!!!

PS i have sl @ break even now (+10 :d)... free ride right now!

EDIT: took +100 on half of position, could not take the stress for 1 full lot!
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  • #11,020
  • Mar 17, 2010 5:24am Mar 17, 2010 5:24am
for an long target..1.5572 (23.6 fib) could be a very good one!


ps/ ignor the buy order from the charts, it is just my wife order made from her laptop
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