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Sonic R. System

  • #16,041
  • Dec 21, 2010 1:39am Dec 21, 2010 1:39am
Quoting traderathome
You could be right. And there is a GBB red release in 3 hours, so the timing would be just right for a pump up to the release, and THEN the release is used as the trigger for a bigger drive down.

Well, lets see what happens. If we don't get a bit of a long play, it may just range until the release and then drop. Lets see....
Already for Long SonicR setup G/J. But I don't like this pair because Spread is too high. Only demo for this Pair.

@EP : 130.16
@SL : 129.80 -36 pips
@TP1: 130.38 +22 pips
@TP2: 130.80 +66 pips
  • #16,042
  • Edited 7:53am Dec 21, 2010 7:12am | Edited 7:53am
Quoting traderathome
GU:

This pair is close to being set up for a SonicR short.

Edit: Entered short at 129.98, an early entry to the SonicR setup in progress. I have another short trade running with a higher EP, but that is another matter.
GJ:
50 pips profit on this second SonicR short trade from earlier today, just closed per attached.
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  • #16,043
  • Dec 21, 2010 7:17am Dec 21, 2010 7:17am
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.
GJ:

80 pips profit on the first GJ SonicR short trade from yesterday, per attached.
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  • #16,044
  • Edited 7:43am Dec 21, 2010 7:28am | Edited 7:43am
AU:

Just added to AU short trade. Average cost is now 0.9933, per attached. Look at the volume on the Daily chart. Four days back, the price dropped on relatively high volume. But ever since then, as the price has been getting pumped back up, the volume has been less.....actually somewhat decreasing as a daily average (yes, today is not yet over). This says that even though the price is going up, the traders are less and less confident it should be up there. So, my conclusion is the last several days have been nothing more than another pump and dump strategy in progress, currently still in the pump stage.
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  • #16,045
  • Dec 21, 2010 7:59am Dec 21, 2010 7:59am
Quoting traderathome
The Anatomy of the "Pump":

Look at the volume study below the chart. There are two blocks. Which block do you think ends up having the most volume? Block A, or B?

In order to pump the price, the PPMs have to supply, at each pip level, "balancing" buy orders orders for unbalanced sell orders sitting there at each level. That way, they can move the price up to the next level and satisfy all unbalanced sell orders there too, and move on up to the next level. It means the PPMs end up with a long position being built on the way up. But that position...
Brilliant explanation, thank you..... I anyhow donīt know what this fuss about volume is all about. It just appears out of nowhere again and again. Instead of buying expensive charting programs from esi..l or ProRealt.... with their claimed aggregated volume of banks we can study your way of " how to do it " day after day, in a manner which I find humble and full of common sense.

Your " warning : speculation " then reminds us that it is our own responsibilty what we do with it.

Great stuff....




________________
michael
Be like water.
  • #16,046
  • Dec 21, 2010 8:08am Dec 21, 2010 8:08am
Hello traderathome

Where can I find your average indicator please ?

Thanks
  • #16,047
  • Dec 21, 2010 8:10am Dec 21, 2010 8:10am
Quoting Thierry89
Hello traderathome

Where can I find your average indicator please ?

Thanks
Which one? I have THOUSANDS! And, by the way, NONE are just "average"!

Seriously, what indicator are you referring to?
Here is the link to my last release of indicators: http://www.forexfactory.com/showpost...ostcount=15443
  • #16,048
  • Dec 21, 2010 8:22am Dec 21, 2010 8:22am
Hi Guys,
A basic question, on first page there are 3 attachements, SonicR, SonicRV2 and SonicRV3.
Should I start directly V3 or should I start simple first and then move step by step?
  • #16,049
  • Dec 21, 2010 8:26am Dec 21, 2010 8:26am
Quoting traderathome
Which one? I have THOUSANDS! And, by the way, NONE are just "average"!

Seriously, what indicator are you referring to?
Here is the link to my last release of indicators: http://www.forexfactory.com/showpost...ostcount=15443
Red and blue lines (RgH & RgL)
  • #16,050
  • Edited 9:09am Dec 21, 2010 8:30am | Edited 9:09am
EU:

On M15, see the US session "pump" volume. On M1 see the actual "pump" stage volume, followed by the volume associated with the final closing of longs accumulated on the pump, and the opening of shorts before the "dump" stage begins.

The "pump" part of the Pump and Dump strategy is a clue to an impending drop, the "dump" part of the strategy. However, we don't know how many different PPMs, in different parts of the trading day, nor for how many days this activity might continue.

In this case, the PPM continued to short from the top, which finally brought the price right back down to where the "pump" phase began. Now the PPM is flush with a built short position....ready for the "dump" phase sometime later. And the short positon built could have been quite substantial, but the activity NEVER DROPPED THE PRICE! That is why I call the folks that do this PPMs, ...... Professional Price Manipulators. If they want to go short, they raise the price and sell. If they want to go long, they lower the price and buy.


Edit: Added 3rd chart. The "dump" has begun......


Regards,
-TAH
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  • #16,051
  • Dec 21, 2010 8:34am Dec 21, 2010 8:34am
Quoting traderathome
AU:

Just added to AU short trade. Average cost is now 0.9933, per attached. Look at the volume on the Daily chart. Four days back, the price dropped on relatively high volume. But ever since then, as the price has been getting pumped back up, the volume has been less.....actually somewhat decreasing as a daily average (yes, today is not yet over). This says that even though the price is going up, the traders are less and less confident it should be up there. So, my conclusion is the last several days have been nothing more than another pump and...
SonicR Volume how to set on D1?
  • #16,052
  • Dec 21, 2010 9:32am Dec 21, 2010 9:32am
Quoting traderathome
Which one? I have THOUSANDS! And, by the way, NONE are just "average"!

Seriously, what indicator are you referring to?
Here is the link to my last release of indicators: http://www.forexfactory.com/showpost...ostcount=15443
Thanks for your link. Is there any more posts which explains how to use this method. I see you explains it everyday which are very helpful and I am thankful to that but I am looking some starting point. Where I can get idea what is 'pump' and how to read volume and how you see multiple charts etc.
  • #16,053
  • Edited 9:50am Dec 21, 2010 9:39am | Edited 9:50am
Quoting lirongguang
SonicR Volume how to set on D1?
In the released templates, the MACD and Volume indicators reside in the same window. The External Input settings for them are such that the MACD displays on higher TFs and the Volume displays on lower TFs.

If you want both to display on all TFs, simply delete Volume from the chart list of indicators, and then add it back as a separate window. Then change the External Inputs for both indicators so they display on all TFs.

Your chart will then look like in the attached pic. Save that template with a new name, so you can distinguish it from the released template.

The next version of the MACD indy will enable the histogram to be turned off. That way, both the MACD and Volume indys can remain in the same window, as you see in my current charts.

Regards,
-TAH
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  • #16,054
  • Dec 21, 2010 10:03am Dec 21, 2010 10:03am
Quoting 786 trading
Thanks for your link. Is there any more posts which explains how to use this method. I see you explains it everyday which are very helpful and I am thankful to that but I am looking some starting point. Where I can get idea what is 'pump' and how to read volume and how you see multiple charts etc.
786 trading, do not misunderstand. This is the SoniR thread! The method we use here is the Sonic R System!

But just as we improve our trading, our responses to PA movements, by being aware of S&R, we can also be aware of when movements might be the start of a new direction or simply "preparations" for another move with the trend.

Regards,
-TAH
  • #16,055
  • Dec 21, 2010 10:16am Dec 21, 2010 10:16am
Quoting traderathome
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.
60 pips profit on this SonicR short trade from yesterday, just closed per attached.
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  • #16,056
  • Dec 21, 2010 10:39am Dec 21, 2010 10:39am
Quoting traderathome
EU:

Acquired a short position at 1.3190. This is not SonicR. And I also have another running short trade with an average EP of 1.3260. But this pump was just too grand to pass up. And if it continues substantially, I'll add again.

I am very bearish on this pair. And I think the market is, too.
60 pips profit on this short trade just closed, per attached.
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  • #16,057
  • Dec 21, 2010 10:47am Dec 21, 2010 10:47am
G/J +82 pips as per attached.
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  • #16,058
  • Dec 21, 2010 10:50am Dec 21, 2010 10:50am
EJ:

110 pips profit on this SonicR short from last week, per attached. This is one that ran against me, and I had to wait on it.
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  • #16,059
  • Dec 21, 2010 10:58am Dec 21, 2010 10:58am
EU:

130 pips profit on this SonicR short closed, per attached. This is my remaining long time running EU short that I had to wait on.
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  • #16,060
  • Dec 21, 2010 11:38am Dec 21, 2010 11:38am
AU:

Surprisingly, this has continued up while others have already been turned. And now, this looks to be setting up for a SonicR short, albeit late in the day.

It could happen. A late session run down. And tomorrow is Wednesday, middle of the week and maybe a bang up day for forex.....before all goes to sleep until January. And maybe a bang up day for a continuation run down on this pair.

I am already in this short, with an average cost of 0.9933.

WARNING: Speculation!
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