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Sonic R. System

  • #12,521
  • Edited 9:05pm May 18, 2010 8:44pm | Edited 9:05pm
Quoting ddaytrader

Sonikers should be like Domas - do not impose your will upon the market - the market tells use what it is going to do, we need merely to listen free from opinions, etc.
Exactly... A lot of professionals (Doc/Eng/Lawyer) fail in trading because they are too used to get things done...they want to LEAD..They want to outsmart the mkt...

In trading, all we need to do is listen and follow accordingly..

http://www.mikelavella.com/portfolio...edia/dday4.jpg

Bravo...
Sonic
  • #12,522
  • May 18, 2010 10:38pm May 18, 2010 10:38pm
Hello guys,
Can someone refer me to the post with the latest rules and setup?
Cheers
The Road appears under the steps of walking men...
  • #12,523
  • May 18, 2010 10:44pm May 18, 2010 10:44pm
Quoting Soondoock
Hello guys,
Can someone refer me to the post with the latest rules and setup?
Cheers
Hey,

Main update:

http://www.forexfactory.com/showpost...ostcount=12483

And one indicator update is few post above.
  • #12,524
  • Edited 11:38pm May 18, 2010 11:17pm | Edited 11:38pm
EU:

Thought I'd post this in case it is going overlooked. On Weekly chart, the FR 50% level shows 1.2148. And the low price is 1.2143....a slight overshoot. We may see a bounce, and get a SonicR long trade setup on the M15. On the M15, NVO shows increases at each of the last three PA drives down, which could be a sign of opportunistic buying. If so, by their position in time, the US traders have done it, the asian traders have done it, and most recently the Frankfurt traders have done it. Let's see what the London traders do.
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  • #12,525
  • May 18, 2010 11:46pm May 18, 2010 11:46pm
Quoting aliolt
Hey,

Main update:

http://www.forexfactory.com/showpost...ostcount=12483

And one indicator update is few post above.
The indicator update has been included in the original post, which fortunately I was able to still edit at the time.
  • #12,526
  • May 18, 2010 11:50pm May 18, 2010 11:50pm
Quoting aliolt
Hey,

Main update:

http://www.forexfactory.com/showpost...ostcount=12483

And one indicator update is few post above.
Thanks!
The Road appears under the steps of walking men...
  • #12,527
  • Edited 1:07am May 19, 2010 12:03am | Edited 1:07am
EU:

I am interested to see if the London traders will whipsaw the price back down for opportunistic buying. As it stands, the chart shows one possible long trade setup.

Edit: Second chart. There go the London boys! Down neat as you please, and quickly so! I can hear them now...."We will not be denied!" BTW, during their opportunistic buying spree they got the price back down to 1.2146, just two pips below the FR 50% level on the Weekly chart (posted on the previous page)........and people don't believe this market is manipulated. With all that buying (just look at that NVO spike) you'd think the price should have been going up! WARNING: Speculation! (After all, these are professional traders we are talking about, so they could be engaged in a massive selloff at the lows....Ha!) (Oh, gee, but shouldn't the price then be going lower.....?)

So, we let the market decide......and wait to see what kind of setup follows. TRANSLATION: Let's wait while the Speculators that manipulate and run the market, load up in advance of whatever way they are next going to drive it. (This may take a while, so let's have some fun while waiting......)

Edit: Due to upcoming high impact US releases, we may have to wait the intervening hours for any setup to activate in any meaningful way. In cases like this, the Speculators often will use all the time up for their sandbagging (position building), and not start a drive until after the releases.
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  • #12,528
  • Edited 1:37am May 19, 2010 1:23am | Edited 1:37am
EU and EJ Correlation:

EU may be in a holding pattern until the high impact US releases later today. Meanwhile, there seems to be the highest trading activity at the lows. Does this have anything to do with might be in the releases?

Take a look at EJ. Now, the US releases in no way affect this pair. Yet the PA is similar to the EU PA!

This is enough to cause suspicion that the reason Speculators are favoring the lows on both pairs has nothing to do with the content of the upcoming US releases. That instead, the Speculators are building long positions ahead of the US releases which, high impact or not and regardless of content, mean nothing more than a possible trigger point for a drive up on both pairs.

Warning: Speculation! Let the "market decide". (Really, they could go either way.)

Edit: Added M1 charts better showing correlation between price and acitivity....
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  • #12,529
  • May 19, 2010 1:54am May 19, 2010 1:54am
TAH
where u triggered Long at the London Open ?
If not , how did u save yourself ?
Tks
david4u
Quoting traderathome
EU:
I am interested to see if the London traders will whipsaw the price back down for opportunistic buying. As it stands, the chart shows one possible long trade setup.
  • #12,530
  • May 19, 2010 1:57am May 19, 2010 1:57am
EU:

Finally, here is an interesting FE study on the H4 chart....interesting because price is at the FE 79% level, and not off in left field somewhere. And, as with the FR study, the 79% level can often be a reversal area.

Let the market decide. Personally, that is what I intend to do....just wait and see which way they bring out the next roast, so I can take a prime cut off of it.
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  • #12,531
  • Edited 2:44am May 19, 2010 2:01am | Edited 2:44am
Quoting david4u
TAH
where u triggered Long at the London Open ?
If not , how did u save yourself ?
Tks
david4u
Not in yet, David. That was just an example of a possible long setup. But, per that post, I was expecting a whip down and am still waiting to see what happens after the US releases (and in the meanwhile). At the open, price just made it to my example minimum EP level. But at the time, it was so quick, even if I had tried to manually order an entry before the price peeked up thru that line, it would have failed because the price so quickly dived to the bottom.

Edit: (Bored while waiting.....so I will go on.) The SL was not breeched, so if by some miracle an entry was executed the trade would still be running. And the longer this waiting continues with the PA favoring the lower part of its range, the more I'd be tempted to add a bit at the bottom of the range. Why? The Speculators can keep the price where ever they want it, up to the time of the releases. So, it is logical that if they are favoring keeping in low, they are buying. If it kept hugging the highs, then I would feel the Speculators are selling. But it is not. Again, this is surmising on my part, but that is how I currently see it. I would not be thinking that I needed to "save" myself. And, if the market decided later to go south, then the SL would cut my losses. There is always that risk, you know.
  • #12,532
  • May 19, 2010 2:46am May 19, 2010 2:46am
Quoting traderathome
EU:

Finally, here is an interesting FE study on the H4 chart....interesting because price is at the FE 79% level, and not off in left field somewhere. And, as with the FR study, the 79% level can often be a reversal area.

Let the market decide. Personally, that is what I intend to do....just wait and see which way they bring out the next roast, so I can take a prime cut off of it.

Tah,

How do you plan on getting in ?

Regards,

Hans
"The future is already written in the past"
  • #12,533
  • May 19, 2010 2:54am May 19, 2010 2:54am
Quoting hansma
Tah,

How do you plan on getting in ?

Regards,

Hans
Hi, Hans. I plan on getting in by waiting......by waiting and watching the PA on the M15 right up to the time scheduled for the releases. Between now and then the PA (waves) and Dragon are going to change. I need to see a good setup going into the time for the releases, long or short. I'll trade which ever the market provides, if it is a good setup. If I don't like what I see, I'll step aside during the releases and wait for a "re-entry" trade, should one develop.

PA is ranging. The breakout could be in either direction. Perhaps the configuration of waves will give confidence in the direction of whatever breakout comes. That is what we can look for.....and wait.
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  • #12,534
  • May 19, 2010 3:00am May 19, 2010 3:00am
Ddaytrader and Sonicdeejay,

You are giving me too much credit. All I do is I remind people the key principles
of this method posted by DD and Sonicdeejay a few hundred posts ago.
It was your posts that made my trading profitable, so credit is all yours

Inserted Video
cut losses short, let profits run.
  • #12,535
  • May 19, 2010 3:07am May 19, 2010 3:07am
That was one bad @ss candle..with high vol...

Sonic
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  • #12,536
  • May 19, 2010 3:24am May 19, 2010 3:24am
Quoting sonicdeejay
That was one bad @ss candle..with high vol...

Sonic
Sonicdeejay, again I remind you that your vLines are not properly placed. From your last posted chart the "L" vLine is 4 candles to the right of where it should be......one hour late. To correct this and shift all the vLines to the left one hour, you need to lower your input for "vLines_Server_GMToffset" by one hour (use negative number if value is currently zero or already a negative number). For example: if the input is "0", change it to "-1".

Why did you drop the lines for 1am EST and 11am EST? Your reasoning my be of much value to us. Thank you for your reply.
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  • #12,537
  • May 19, 2010 4:09am May 19, 2010 4:09am
May I know which indi setting I needa change?
I cant seem to find..the parameters you mentioned

Sonic
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  • #12,538
  • May 19, 2010 4:31am May 19, 2010 4:31am
Quoting sonicdeejay
May I know which indi setting I needa change?
I cant seem to find..the parameters you mentioned

Sonic

Hi Sonic,

Its the market panel display controller - Line 7 from the top.

Hope this helps.

Regards,
Hans
"The future is already written in the past"
  • #12,539
  • May 19, 2010 4:32am May 19, 2010 4:32am
TAH still have questions...
I was triggered at LO open with a buy stop order a few pips above the 2223 H from 06:30 .
I was stopped out as I saw the speed of this candle moving against me .
Why didn't u take this long as described in your chart ?
That's what I want to learn from you .
Did u use any kind of filter ? EMA89 or following the down trend on H4 or it's intuition/expectancy ?
Or just don't take trades before usa news release ?
On the EY we have the same situacion.
Tks
David


Quoting traderathome
Not in yet, David. That was just an example of a possible long setup. But, per that post, I was expecting a whip down and am still waiting to see what happens after the US releases (and in the meanwhile). At the open, price just made it to my example minimum EP level. But at the time, it was so quick, even if I had tried to manually order an entry before the price peeked up thru that line, it would have failed because the price so quickly dived to the bottom.

Edit: (Bored while waiting.....so I will go on.) The SL was not breeched, so if by some...
  • #12,540
  • May 19, 2010 7:27am May 19, 2010 7:27am
Some kind of war going on..
Big swings with monster vol...

Sonic
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