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Sonic R. System

  • #13,161
  • Jul 7, 2010 6:07am Jul 7, 2010 6:07am
EU Watch:

PA has given us a SonicR long trade setup.

I am in early off of S&R.

SL is mental because US open could entail a whipsaw to take out traders before a run up. Just a thought.

Edit: Added second chart with FE study. TP1 and TP3 are areas where both GMT based Daily pivots and FE extension levels coincide. TP2 is at a pivot level coinciding with the average range. My plan of attack is close part at TP1, and the rest at TP2, with the hope of a pullback for re-entry of part, or all, at lower prices before a possible run to TP3.
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  • #13,162
  • Jul 7, 2010 6:17am Jul 7, 2010 6:17am
Quoting traderathome
EU Watch:

PA has given us a SonicR long trade setup.

I am in early off of S&R.

SL is mental because US open could entail a whipsaw to take out traders before a run up. Just a thought.

Hi Tah,

I dont see the setup long for this one - unless you look far further to the left

for the setup - is that correct ?
"The future is already written in the past"
  • #13,163
  • Jul 7, 2010 6:21am Jul 7, 2010 6:21am
Quoting hansma
Hi Tah,

I dont see the setup long for this one - unless you look far further to the left

for the setup - is that correct ?
Why don't you see the long setup? Dragon is pointing up. Trend Line is starting to point up. PA broke up thru Dragon with previous good volume. You set EP several pips beyond.....etc. And all this is happening with PA bouncing off the half number (S&R)!!!!!!

Sorry, I do not understand why you don't see it.
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  • #13,164
  • Jul 7, 2010 6:40am Jul 7, 2010 6:40am
Quoting traderathome
Why don't you see the long setup? Dragon is pointing up. Trend Line is starting to point up. PA broke up thru Dragon with previous good volume. You set EP several pips beyond.....etc. And all this is happening with PA bouncing off the half number (S&R)!!!!!!

Sorry, I do not understand why you don't see it.
Maybe different tunnel settings? For instance,I have period 34 on all 3 EMA's and my tunnel doesn't look like yours. Do you use different period or MA for Dragon Tunnel?
Follow my trading on Twitter and FB: @pumlitch
  • #13,165
  • Jul 7, 2010 6:45am Jul 7, 2010 6:45am
EU Watch, Long Trade Update:

PA ran just a bit thru EP Zone to just above the whole number. And now is pulling back.

The euro profs don't want to waste money driving it up when they can wait and let the US profs do it for them.

The pullback will enable late comer profs to get on the train until the US traders schedule departure for points north.

Remember the words of Domas4 saying that the less PA pulls back, the farther it is likely to run.

Attached chart has the FR study. I am watching to see what kind of pullback into the US session we get.
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  • #13,166
  • Jul 7, 2010 6:54am Jul 7, 2010 6:54am
Could you please post the SonicR Enhaced Volume Indicator you are using.
Thank you

PS: I contacted my broker as you had suggested and this was their reply

"Thank you for your email.

You have to bear in mind that our price feed differs from the other broker.
This is also the reason that the price is different (1.2576-1.2578).

There are many liquidators in the forex indunstry. TDFX is using a price feed that comes directly from the banks and is connected with more than 13 different banks.

Best Regards,"
  • #13,167
  • Jul 7, 2010 6:57am Jul 7, 2010 6:57am
Quoting Pumlitch
Maybe different tunnel settings? For instance,I have period 34 on all 3 EMA's and my tunnel doesn't look like yours. Do you use different period or MA for Dragon Tunnel?
That chart posted was M30. On that chart both the Dragon and Trend Line are period adjusted to be at the same price levels (approximately) as they are on the M15 chart. So, in essence, the M30 becomes an easier to read M15 chart!

The candle high out of the Dragon is the same high on both my M30 and anyone else's M15 using the 34ema settings for the Dragon.

This appears to be a setup with good potential. Not only for the reasons stated in the prior post, but also because all this is occuring at the central pivot and just below a whole number; which is good launching grounds.

The attached chart is M15. You will compare to the M30 posted and see all the similarities.
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  • #13,168
  • Jul 7, 2010 7:03am Jul 7, 2010 7:03am
Quoting Chantalb
Could you please post the SonicR Enhaced Volume Indicator you are using.
Thank you

PS: I contacted my broker as you had suggested and this was their reply

"Thank you for your email.

You have to bear in mind that our price feed differs from the other broker.
This is also the reason that the price is different (1.2576-1.2578).

There are many liquidators in the forex indunstry. TDFX is using a price feed that comes directly from the banks and is connected with more than 13 different banks.

Best Regards,"
I am sure they meant "liquidity providers" and not "liquidators"! Although their purpose may be to 'liquidate' customer accounts!

The indy you inquire about is an upgrade from the Volumes Enhanced indys already posted. It is not ready to be released. It will be released when the new template and all indys are ready....after Sonicdeejay first sees and tests, and only if he then approves. Meanwhile, you can enjoy similar by using the already posted Volumes Enhanced indy. Sorry, but I don't have the post #; you will have to scan and find it.
  • #13,169
  • Jul 7, 2010 7:15am Jul 7, 2010 7:15am
Quoting traderathome
I am sure they meant "liquidity providers" and not "liquidators"! Although their purpose may be to 'liquidate' customer accounts!

The indy you inquire about is an upgrade from the Volumes Enhanced indys already posted. It is not ready to be released. It will be released when the new template and all indys are ready....after Sonicdeejay first sees and tests, and only if he then approves. Meanwhile, you can enjoy similar by using the already posted Volumes Enhanced indy. Sorry, but I don't have the post #; you will have to scan...
Ok thanks... no prob I already have it
  • #13,170
  • Jul 7, 2010 7:30am Jul 7, 2010 7:30am
Not a classic SonicR setup
Not the classic template ...
My reasons for short :
1.CCI 50 ZLR (zero line rejection)
2. price could not stay above DPV
3. price could not stay above 2600 level
4. PA candle formation , looks like evening star
will move SL to BE for a free ride
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  • #13,171
  • Jul 7, 2010 7:30am Jul 7, 2010 7:30am
Quoting traderathome
That chart posted was M30. On that chart both the Dragon and Trend Line are period adjusted to be at the same price levels (approximately) as they are on the M15 chart. So, in essence, the M30 becomes an easier to read M15 chart!

The candle high out of the Dragon is the same high on both my M30 and anyone else's M15 using the 34ema settings for the Dragon.

This appears to be a setup with good potential. Not only for the reasons stated in the prior post, but also because all this is occuring at the central pivot and just below a whole number;...
I saw the signal very well on your chart, I don't know why Hansma did not see that.
Anyway, on my chart there were no candle closing above the Dragon. I am trying to find what is the reason.
Follow my trading on Twitter and FB: @pumlitch
  • #13,172
  • Edited 7:58am Jul 7, 2010 7:47am | Edited 7:58am
Quoting david4u
Not a classic SonicR setup
Not the classic template ...
My reasons for short :
1.CCI 50 ZLR (zero line rejection)
2. price could not stay above DPV
3. price could not stay above 2600 level
4. PA candle formation , looks like evening star
will move SL to BE for a free ride
You can have your analysis, but PRICE CAN DO WHAT EVER IT WANTS. Even Best Analists can be sure about market movements in 70-75 Percent ...

Edit : I closed yesterday's E/U short @ -19 pips. It did came down, but I rather not to be in trade yesterday.

Regards,
Basber
Trading methods are designed to put the odds in our favor, not predicting.
  • #13,173
  • Jul 7, 2010 7:50am Jul 7, 2010 7:50am
EU Watch, Long Trade Update:

The euro session traders had a good amount of time driving the price down and then back up.....all for the purpose of reducing the average cost of building long positions.

It makes sense that the US traders would not just continue to drive the price up. Instead, like the euro session traders, the US traders immediately started dropping the price.....to get lower cost for long position building. Price looks to now be returning up, just as with the play of the euro traders.

The next time PA breaks above the whole number, the upside move will probably continue. WARNING: Speculation!

Anyway, we now have a proper sequence of H/Ls to go with the SonicR long setup........
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  • #13,174
  • Jul 7, 2010 7:55am Jul 7, 2010 7:55am
Sure Basber
just explaining the reasons for the short at the moment
I took the trade , nothing more , nothing less ...
as it was not a classic one.
Regards
David
Quoting Basber
You can have your analysis, but PRICE CAN DO WHAT EVER IT WANTS. Even Best Analists can be sure about market movements in 70-75 Percent ...

Regards,
Basber
  • #13,175
  • Edited 8:23am Jul 7, 2010 8:11am | Edited 8:23am
EU Watch:

PA is currently in the middle of the previous cosolidation range. This is after it put in a low near the GMT MS1 pivot.

To me, it looks like the rest of today PA will be upside biased. But first, the profs will complete their preparations (more consolidation) for the move up. These preparations involve keeping PA moving up and down, as they take the long side of as many trades as possible, based on others taking the short side. It is a liquidity issue. In order to build long positions ahead of a drive up they intend to make, they must first sucker others into the short side of those same positions. Bouncing the PA helps them draw in traders to take the short side.

WARNING: Speculation!
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  • #13,176
  • Jul 7, 2010 8:13am Jul 7, 2010 8:13am
Quoting david4u
Sure Basber
just explaining the reasons for the short at the moment
I took the trade , nothing more , nothing less ...
as it was not a classic one.
Regards
David
I know David,
But sometimes these words tell new traders' mind that they "sometimes" can be sure about the market movement ... You told us that it was not a classic one, sometimes I use some post to say something that I hope it will be useful to those who need it. I'm not pointing at anyone particular

Anyway, I took GU long and placed an order for UJ. Let's see what will happen next Risking 1% on GU and 2% on UJ.

Regards,
Basber
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Trading methods are designed to put the odds in our favor, not predicting.
  • #13,177
  • Jul 7, 2010 8:14am Jul 7, 2010 8:14am
Quoting Pumlitch
Anyway, on my chart there were no candle closing above the Dragon. I am trying to find what is the reason.

Got it

next time I have to read twice before I post an answere.
Follow my trading on Twitter and FB: @pumlitch
  • #13,178
  • Jul 7, 2010 8:40am Jul 7, 2010 8:40am
EU Watch:

PA is peek-a-booing above range. We may be on the verge of "Breakout Bingo!"
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  • #13,179
  • Jul 7, 2010 9:45am Jul 7, 2010 9:45am
EU Watch:

I am leary of putting too much faith in TLs, but it sure looks like 1.2700 could become a viable target for this run up.....
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  • #13,180
  • Edited 12:28pm Jul 7, 2010 9:58am | Edited 12:28pm
EU Long Trade Updata:

Closed 1/4 with 63 pips profit. I was going to close half, but run seems steady. Any pullback for re-entry may only be slight at this point. So I decided not to close so much.

Edit: Added second chart. SL is raised to BE+. I added the 1/4 back, 20 pips lower, but then as price continued to drop I also added 3/4 more. The result is 4/4 added at an average 35 pips lower than TP1. The trade size is now 7/4 ths.

Sudden and fast runs down, like we just had, seem to be designed by the profs to incite short traders to come in. The profs want a larger long position, but need shorts to take the other side (liquidity issue). So the profs run the price down, exciting the short traders to come in 'before they miss the drop!" Of course, soon as the profs get enough short traders hooked, and their long positions filled, they start jacking the price up again!

WARNING: Speculation!
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