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Sonic R. System

  • #11,801
  • Apr 11, 2010 6:34am Apr 11, 2010 6:34am
I believe it is better to trade with a Bullish bias...in mind..

Trade what you see too...
Sonic
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  • #11,802
  • Apr 11, 2010 8:03am Apr 11, 2010 8:03am
Quoting sonicdeejay
I believe it is better to trade with a Bullish bias...in mind..

Trade what you see too...
Sonic


Sonic is the man! LoL
Perfect timing.

Basber, did you see what sonic just posted. LoL


That said, I still intend to cool the PA.
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Starting to see instead of just looking.
  • #11,803
  • Apr 11, 2010 4:14pm Apr 11, 2010 4:14pm
Quoting Domas4
EUR/JPY: I'm in. Would be really good if it bounced off H4 support for a few days.
Quoting Domas4
EUR/JPY: TP1 hit. +127 pips so far. Moved SL @ BE. Free ride.
EUR/JPY: TP1 (127pips), TP2 (279pips) both hit. Profit 406 pips.
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cut losses short, let profits run.
  • #11,804
  • Edited 6:09pm Apr 11, 2010 4:42pm | Edited 6:09pm
EJ:

Kept trade over weekend, but just closed it....about 50 pips thru Friday, and another 150 pips after the gapup! I closed it becasue with a gap up that is large, there very likely will be a pullback that is large. It could go higher some more first. But at this point I'm protecting profits.
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  • #11,805
  • Apr 11, 2010 4:45pm Apr 11, 2010 4:45pm
EU:

Same story here. About 118 pips thru Friday, and another 178 pips after gap up. Just to much "UP" for me to trust staying in right now.
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  • #11,806
  • Apr 11, 2010 7:20pm Apr 11, 2010 7:20pm
Morning people.

My Friggin broker suddenly decides to change their server and just happens to forget half the data, changes time from GMT to Japan time and totally screws up the period separators so that now we do not know what day we are looking at when glancing at the chart.
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Starting to see instead of just looking.
  • #11,807
  • Apr 11, 2010 8:22pm Apr 11, 2010 8:22pm
It seems that Raghee is now working for IBFX.
At least they have her explaining their pattern recognition software on their site, which she is also pushing on her personal site.
I wondered about that when I started seeing her pushing this software on her site last year.



http://www.ibfx.com/tools/prs.aspx
Starting to see instead of just looking.
  • #11,808
  • Apr 11, 2010 9:27pm Apr 11, 2010 9:27pm
Quoting Rastaman
Morning people.

My Friggin broker suddenly decides to change their server and just happens to forget half the data, changes time from GMT to Japan time and totally screws up the period separators so that now we do not know what day we are looking at when glancing at the chart.
Very sad to hear of your woes, Rastaman. But, look at it this way. A clean chart is best. We really don't need to see "separators". What we do need to see is when LO starts and US starts. I thought about this a while back and it is why I wrote the Market Open Times indy, which you see on some of my charts (the vlines S, T, F, L, N.....you know). Since I am not using pivots, just Levels x8, when a day starts and stops is not required for that purpose either. We just need to know when the prime market time is and not trade until we are in those hours. The P4L clock is another way to do this.
  • #11,809
  • Edited 10:15pm Apr 11, 2010 9:43pm | Edited 10:15pm
EJ, EU, GU and UJ:

The first three are gapped up. The gaps are large and with trend, so it is hard to believe they will proceed without some kind of pull back first.

UJ is a different matter. It too was gapped, but only a small one by comparison, and against the trend, which is nice. With very heavy trading at the lows last session, I'd think this would be in store for a move up. This is the one I am favoring for stalking.
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  • #11,810
  • Apr 11, 2010 10:35pm Apr 11, 2010 10:35pm
Quoting Rastaman
I hear you Basber.

Nothing started with you Basber, you don't need to concern yourself about that.


No more PB, BEOB, BUOB H&S, IB4, DBLHC, DBHLC, TBH, TBL, in this thread.
Just HH HL LH LL from now on!

The James 16 thread is the J16 thread and this is the SonicR thread.


Right, that is it, no more mention of this.



I would REALLY like to hear more about the NVO filter you and T are using.
But, I mean more in depth about it, the settings you are using it with and Exactly where you want to see the increase in orders before the entry...
Rastaman, I am not using any NVO "filter". I do, from time to time, look at it on smaller TFs to see at what price area the most trading has occurred.

I also experiment with different periods. Take a look at attached chart. The period is 768, or 8 days of 15 minute TFs. By comparing the current TF to the average over 8 days, it does as you say "filter" out affects of abnormally low (asian sessions) or abnormally high (in the midst of a current increase) periods. This picture is not much different than using a period "96" (a day of 15 minute TFs) or "480" (a week of them). And it shows very clearly the high interest traders had at the lows......"buy low, sell high"! This is the ideal purpose to put NVO to. And in this case the NVO display could not have been more accurately predictive.
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  • #11,811
  • Apr 11, 2010 10:46pm Apr 11, 2010 10:46pm
TAH, you taken a look at the daily on UJ?
Starting to see instead of just looking.
  • #11,812
  • Apr 11, 2010 11:08pm Apr 11, 2010 11:08pm
Im looking at this one also UJ, but pay attention at the volume, the FIBO daily just got 23.6,,,so I agree with TAH, Im just waiting for the moment to get in...
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  • #11,813
  • Apr 11, 2010 11:42pm Apr 11, 2010 11:42pm
Quoting Rastaman
TAH, you taken a look at the daily on UJ?
Yes. If the daily were an M15 it would look like a SonicR re-entry situation....to me, anyhow.

UJ Long Trade:

I made early S&R entry and SonicR entry a few pips higher. SL is below last significant low. TP is at quarter level coinciding with previous highs and the range limit.

This is still a bit early in the session to have commited to a trade. So now it is......
......time to let the market decide!
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  • #11,814
  • Edited Apr 12, 2010 12:28am Apr 11, 2010 11:48pm | Edited Apr 12, 2010 12:28am
Quoting traderathome
Yes. If the daily were an M15 it would look like a SonicR re-entry situation....to me, anyhow.

UJ Long Trade:

I made early S&R entry and SonicR entry a few pips higher. SL is below last significant low. TP is at quarter level coinciding with previous highs and the range limit.

This is still a bit early in the session to have commited to a trade. So now it is......
......time to let the market decide!
TAH, what's up with the two white lines? Isn't the SL too wide for such trade?

P.S. I'm movin to BE as soon as possible. It doesnt look too volatile for me.

EDIT: SL Moved to BE and is about to be taken out.
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cut losses short, let profits run.
  • #11,815
  • Apr 11, 2010 11:58pm Apr 11, 2010 11:58pm
Quoting Domas4
TAH, what's up with the two white lines? Isn't the SL too wide for such trade?

P.S. I'm movin to BE as soon as possible. It doesnt look too volatile for me.
The two white lines are entries. The lower is the early "S&R" entry after price bounced up off the S&R whole number area. The higher is the SonicR entry.

Yes, SL is way too low. It is there to accomodate US traders slam dunking this back down for another turkey gobble before they get up from the table and kick it thru the ceiling! But actually I think I will exit near half number and wait to see what happens......

BTW, the green-yellow combination isn't half as good as before (imho).
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  • #11,816
  • Apr 12, 2010 12:08am Apr 12, 2010 12:08am
I think there is a possibility that UJ Long is going to turn into the shake & bake sketch in the next 30 pips or so.


Watch out for that 23.6 area.

Meanwhile I am short on GU at 1.54530, currently TP1 & SL=BE+ but it is not a sonicr trade so, I will refrain from posting the chart.



PS: Thanks for the information about the 768 setting T, I get it now.
I think this is what Basber is on about.
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Starting to see instead of just looking.
  • #11,817
  • Apr 12, 2010 12:18am Apr 12, 2010 12:18am
Quoting Rastaman
I think there is a possibility that UJ Long is going to turn into the shake & bake sketch in the next 30 pips or so.


Watch out for that 23.6 area.

Meanwhile I am short on GU at 1.54530, currently TP & BE+ but it is not a sonicr trade so, I will refrain from posting the chart.



PS: Thanks for the information about the 768 setting T, I get it now.
I think this is what Basber is on about.
Yes, Basber wants to see where the high trading is BEFORE considering a trade entry. The "bad" trade choice he refers to in his chart (below) simply had little trading going on the whole while before and during. It was not until the price hit lows that the traders came in forcefully. That was the clue that they were buying low in anticipation of higher prices later.

Look for where the trading activity is highest.....at highs or at lows. Then wait for a SonicR setup in prime time market in the opposite direction.
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  • #11,818
  • Apr 12, 2010 12:23am Apr 12, 2010 12:23am
Quoting traderathome
Yes, Basber wants to see where the high trading is BEFORE considering a trade entry. The "bad" trade choice he refers to in his chart (below) simply had little trading going on the whole while before and during. It was not until the price hit lows that the traders came in forcefully. That was the clue that they were buying low in anticipation of higher prices later.

Look for where the trading activity is highest.....at highs or at lows. Then wait for a SonicR setup in prime time market in the opposite direction.



SO this is basically as you have been saying all along eh T.

Big dogs positioning themselves and slowly trading in the opposite direction, till the pressure forces it to pop.

Thanks T
Starting to see instead of just looking.
  • #11,819
  • Edited 12:49am Apr 12, 2010 12:35am | Edited 12:49am
Quoting Rastaman
SO this is basically as you have been saying all along eh T.

Big dogs positioning themselves and slowly trading in the opposite direction, till the pressure forces it to pop.

Thanks T
It is the old saying, Rastaman......"Buy low. Sell high." The thing is, when the speculators are buying at a "low", we cannot know how many more "lows" are yet to come, that they will be buying at. The charts I posted Friday are quite revealing in this regard. You can easily see with the EU chart there were multiple times high trading levels occurred as the price continued on down. NVO was signalling that traders were favoring the lows, that we should be looking for a reversal at some point soon. Subsequent high trading at lower lows and then at higher lows was the clue that the reversal had started.

Edit: Look at this topic regarding the UJ chart just attached.......
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  • #11,820
  • Apr 12, 2010 12:40am Apr 12, 2010 12:40am
Quoting amlavor
Im looking at this one also UJ, but pay attention at the volume, the FIBO daily just got 23.6,,,so I agree with TAH, Im just waiting for the moment to get in...

I think if they are going to dump it anytime soon, 93.45 93.50 would be a good area for them to do so.
Starting to see instead of just looking.
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