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Sonic R. System

  • #16,001
  • Dec 20, 2010 5:18am Dec 20, 2010 5:18am
40 pips profit, per attached. This is a trade from last week.
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  • #16,002
  • Dec 20, 2010 6:27am Dec 20, 2010 6:27am
AU:

Just added to AU short from last week. New average is 0.9915. No TP is set at this time. I have added again on this swing high because I am bearish on AU. The Daily has the look of a H&S formation, but in any case recent volume has favored the highs and coming down off the highs. To me, this means that overall the professional traders are also bearish. And the rises in PA are nothing more than pumps to attain higher prices to continue to add to their short positions. And that is what I am doing also. This is not SonicR trading, although it started out that way. I should have taken nice profit when the opportunity presented itself last week. But I didn't, and so I am in for a longer ride.

WARNING: Speculation!
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  • #16,003
  • Dec 20, 2010 6:37am Dec 20, 2010 6:37am
Hi:

I've placed a sell stop order on EJ...

What do you think about?

Regards.
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"Being picky only cost your time - not MONEY"...Hans
  • #16,004
  • Dec 20, 2010 6:51am Dec 20, 2010 6:51am
Quoting nando_rich
Hi:

I've placed a sell stop order on EJ...

What do you think about?

Regards.
I think the price will go lower. Look at the volume study on the Daily chart. Last week the two highest volume days were the days where the price hit the highs for the week. To me that says traders are bearish on this pair.

You've seen the Weekly chart with the Cup and Handle formation, so no need to repeat that, but it portends some serious downside yet to come.
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  • #16,005
  • Dec 20, 2010 6:55am Dec 20, 2010 6:55am
Quoting Martingale
Hi! I wish volume in metatrader would be so reliable. unfortunately is just the volume of the broker's clients' portfolio. I use the future's volume (VSA) to see the actual volume in the game.
Doesn't matter in either case, since it is just the number of price ticks within that bar/timeframe - it is not like it is showing the number or size of orders. The brokers client base does not matter. Brokers manipulate price differently of course, so some will have more price ticks and some will have less, regardless of how many clients they have or how much currency is being traded.
  • #16,006
  • Dec 20, 2010 6:56am Dec 20, 2010 6:56am
GJ:

Initiated SonicR short trade. EP at 130.13 with an earlier entry at 130.33. TP set at 129.66, for a 50 pip profit on the average cost of 130.23. See pic.
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  • #16,007
  • Dec 20, 2010 7:24am Dec 20, 2010 7:24am
I just had a PM from "altclick" as follows:

Didn't want to post this in the thread because it could come across as confrontational and that is not the intention - just want clarify something regarding Forex volume. Like any data, It can of course be useful if one finds a way to apply it. However, there is the misconception that it is showing the number of orders. It is not. It is simply number of price ticks(changes). There can be one order at a price tick, there can be a hundred orders at a price tick, there can be no orders at a price tick.
Thanks for the great thread.

Vic


Here is my reply:

Hi, Vic.

You are mistaken. With each incoming tick there is a volume count (count of trades processed at that price since the previous tick). There is never a tick with no volume! An incoming tick can be at the same price as the previous tick, or higher, or lower. But any tick incoming has at least one trade, or more, because it is the event of a new trade, or trades that triggers the next tick! And I have written an indicator that displays the number of trades for each incoming tic. And there is never a new tick without at least one trade!

Regards,
-TAH
  • #16,008
  • Dec 20, 2010 7:35am Dec 20, 2010 7:35am
Quoting traderathome
GJ:

Initiated SonicR short trade. EP at 130.13 with an earlier entry at 130.33. TP set at 129.66, for a 50 pip profit on the average cost of 130.23. See pic.
This last volume spike was a pump with the highest amount of trading occurring at the highs. I interpret this as the first part of a pump and dump. And because of the high increase in volume for this maneuver, I expect the PPMs are anticipating a very nice follow-up price dump.

So, I have lowered the TP another 50 pips, per the attached pic.

Regards,
-TAH
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  • #16,009
  • Dec 20, 2010 7:43am Dec 20, 2010 7:43am
[quote=traderathome;4254223]
Quoting Martingale
Hi! I wish volume in metatrader would be so reliable. unfortunately is just the volume of the broker's clients' portfolio. I use the future's volume (VSA) to see the actual volume in the game. [/quote

Yes, I have frequently reminded readers that the "volume" is only of the activity thru the broker's server. And also, that it is only the count of individual trades, not the size of them!
Thanks man, nice piece indeed and very interesting point of view
Reading through your whole post you looks pretty consistent indeed!
Actually I have been following "in the shadow" for a while.
Any chance to see trading performance? (just asking) thanks!
  • #16,010
  • Dec 20, 2010 7:48am Dec 20, 2010 7:48am
[quote=Martingale;4254683]
Quoting traderathome

Thanks man, nice piece indeed and very interesting point of view
Reading through your whole post you looks pretty consistent indeed!
Actually I have been following "in the shadow" for a while.
Any chance to see trading performance? (just asking) thanks!
"Any chance to see trading performance? (just asking) thanks!"

Yes. You certainly can see the trading performance. Every trade I make is posted on this thread, at entry, at time of additions, and at exit....and with clear, explanatory charts with each and every post. If you want to see the trading performance, good and bad trades alike, just read the SonicR thread.

Regards,
-TAH
  • #16,011
  • Dec 20, 2010 8:05am Dec 20, 2010 8:05am
Quoting traderathome
I just had a PM from "altclick" as follows:

[color=black][font=Verdana]Didn't want to post this in the thread because it could come across as confrontational and that is not the intention - just want clarify something regarding Forex volume. Like any data, It can of course be useful if one finds a way to apply it. However, there is the misconception that it is showing the number of orders. It is not. It is simply number of price ticks(changes). There can be one order at a price tick, there can be a hundred orders at a price tick, there can be...
You can believe whatever you want mate, just remember that nobody is regulating what Forex brokers are spitting out. All I will say is, be careful and always be skeptical in the forex marketplace, especially if you trade large lot sizes. I was not interested in starting a pissing match about MT4 broker volume or anything else .... I naively thought that the P in PM stood for Private - LOL - but of course I was mistaken on that as well. Keep up your efforts to keep the thread going and all the best to you.
  • #16,012
  • Dec 20, 2010 8:18am Dec 20, 2010 8:18am
Quoting altclick
You can believe whatever you want mate, just remember that nobody is regulating what Forex brokers are spitting out. All I will say is, be careful and always be skeptical in the forex marketplace, especially if you trade large lot sizes. I was not interested in starting a pissing match about MT4 broker volume or anything else .... I naively thought that the P in PM stood for Private - LOL - but of course I was mistaken on that as well. Keep up your efforts to keep the thread going and all the best to you.
Vic,

It is not a "pissing match". You simply stated something that is not correct when you said that ticks are inconsequential because they might or might not contain any trades.

The entire point of a tick is to notify the user platform of additional trades! And that is why, during the slow time of the day, there might pass a minute or more without any tick......no new trades yet! It is the advent of a new trade (or trades) since the previous tick, that causes a new tick, which sends the additional trade count to the user platfrom. And over the current chart time frame, the incoming trade count per tick is what makes up the increasing volume for the time frame.

So, a tick is very consequential. And it not only contains the count of additional trades since the previous tick, it also updates all the other information which the platform runs on.

As for posting here, your statement to me, and my reply to you in the PM, I did so (as I said in my reply to you) because this is instructional. Not only you, but others could very well have the same misconceptions. And if I am to reply to you, why should I not post it also? Time is valuable. And I do not have enough lifespan left to repeat the same corrective information to every individual separately on down the road!

Regards,
-TAH
  • #16,013
  • Dec 20, 2010 9:02am Dec 20, 2010 9:02am
GU SonicR Short Initated:

PA has been playing just above the EP area. This is where I have made a slight early entry based on all the beforehand consolidation this has gone thru. TP is per chart.
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  • #16,014
  • Dec 20, 2010 9:56am Dec 20, 2010 9:56am
Quoting nando_rich
Hi:

I've placed a sell stop order on EJ...

What do you think about?

Regards.
TP reached...+56pips.

Regards.
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"Being picky only cost your time - not MONEY"...Hans
  • #16,015
  • Dec 20, 2010 9:59am Dec 20, 2010 9:59am
EJ Short
PA hit TP. I closed all
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  • #16,016
  • Dec 20, 2010 10:05am Dec 20, 2010 10:05am
EU Short
PA hit TP1 half closed. SL @ BE.
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  • #16,017
  • Dec 20, 2010 10:14am Dec 20, 2010 10:14am
Quoting dksolo
EU Short
PA hit TP1 half closed. SL @ BE.
dksolo, we should try to make every post up as though teaching a class. The charts should be clear and explanatory, so newbies that come later will be able to look at the post/charts and learn.

In light of this, and since your charts are hard to see/read, it would be most helpfull if you would type out your EP, SL, TP in your posts. And type out also, your pips profit in your exit post.

We tell newcomers to read the thread. Let's do our part and make the thread worth reading.

Please.

-TAH
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  • #16,018
  • Dec 20, 2010 11:24am Dec 20, 2010 11:24am
Quoting traderathome
dksolo, we should try to make every post up as though teaching a class. The charts should be clear and explanatory, so newbies that come later will be able to look at the post/charts and learn.

In light of this, and since your charts are hard to see/read, it would be most helpfull if you would type out your EP, SL, TP in your posts. And type out also, your pips profit in your exit post.

We tell newcomers to read the thread. Let's do our part and make the thread worth reading.

Please.

-TAH
now no second target right? plz how many pipes that u put below the low point? to start new price for second target... i am talking abt eurusd
  • #16,019
  • Dec 20, 2010 11:30am Dec 20, 2010 11:30am
Quoting traderathome
Welcome, 786 trading. I am not Sonic, but I'll reply for him in his absence.

Yes, read the first post and all its included links and material. That will give you the foundation of information of the Sonic R System. Afterwards, start reading the thread. It is the course in SonicR, as it has lots of examples, etc.

Regards,
-TAH
Thanks. I will start that today.
  • #16,020
  • Dec 20, 2010 11:45am Dec 20, 2010 11:45am
EU Short trade.
PA hit TP1. Half closed. +50 pips.
SL @ 1,3155 waiting TP2.
Sorry for my laziness.
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