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Sonic R. System

  • #16,241
  • Dec 28, 2010 4:33pm Dec 28, 2010 4:33pm
Quoting kevinchan
AUD, +66 pips as per attached.
Another beautiful SonicR System trade, Kevinchan! So, congratulations are in order again!

I continued to add to my short....no longer a SonicR trade, but a Position trade.... I am somewhat comforted by the fact that even though we are in the low volume holiday trading routine, a lot of folks came out to take advantage of the PPMs re-pump to the area of the previous highs. So, unless they were all crazy, they came into the market yesterday to sell the AUDUSD.
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  • #16,242
  • Edited 6:36pm Dec 28, 2010 5:31pm | Edited 6:36pm
GJ:

After being hammered down yesterday for no good reason except that the PPMs saw a good time to manipulate for profit, this is setting up for a long move. With the almost 200 pips down move yesterday, since this is back up only about 60 pips, there is still room for a nice upwards run. I should think RgH makes a good target.

WARNING: Speculation.
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  • #16,243
  • Dec 28, 2010 6:27pm Dec 28, 2010 6:27pm
EJ:

Another setting up for a good long after being plummeted yesteday. The bold yellow lines depict ever increasing volume as the price consistently fell......a good sign that the lower the price went, the more it was considered to be oversold and time to go long.....and traders acted accordingly.

In this case, a decent target area would be between RgH and the upper whole number.

WARNING: Speculation.
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  • #16,244
  • Dec 28, 2010 6:47pm Dec 28, 2010 6:47pm
Quoting traderathome
EJ:

Another setting up for a good long after being plummeted yesteday. The bold yellow lines depict ever increasing volume as the price consistently fell......a good sign that the lower the price went, the more it was considered to be oversold and time to go long.....and traders acted accordingly.

In this case, a decent target area would be between RgH and the upper whole number.

WARNING: Speculation.
Do you used modified settings on volume? Mine does not look like yours?
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Today's zone = Tomorrow's opportunity!
  • #16,245
  • Dec 28, 2010 6:48pm Dec 28, 2010 6:48pm
AU:

This is a Bear Channel. And it is getting a lot of attention in the asian session! And note the roster of upcoming USD high, high, medium, and high releases! 'Nuff said?

WARNING: Speculation!
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  • #16,246
  • Dec 28, 2010 6:51pm Dec 28, 2010 6:51pm
Quoting traderathome
Another beautiful SonicR System trade, Kevinchan! So, congratulations are in order again!

I continued to add to my short....no longer a SonicR trade, but a Position trade.... I am somewhat comforted by the fact that even though we are in the low volume holiday trading routine, a lot of folks came out to take advantage of the PPMs re-pump to the area of the previous highs. So, unless they were all crazy, they came into the market yesterday to sell the AUDUSD.
AUD: A decisive break of 1.000 is required to make the pair bearish (from current overbought level).
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  • #16,247
  • Dec 28, 2010 7:00pm Dec 28, 2010 7:00pm
Quoting pres78
Do you used modified settings on volume? Mine does not look like yours?
There are no settings to modify that will change the volume picture. What you are seeing is the difference in volume between the trades running thru one broker's server versus the trades running thru a different broker's server. As has been stated here, countless times, volume (actually, just a count of the orders executed and not the size of them) is not revealed market wide. It is not shared/distributed across all the network of broker servers. And the actual size of trades is a guarded secret for a minimum of three days!
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  • #16,248
  • Dec 28, 2010 7:04pm Dec 28, 2010 7:04pm
Quoting traderathome
There are no settings to modify that will change the volume picture. What you are seeing is the difference in volume between the trades running thru one broker's server versus the trades running thru a different broker's server. As has been stated here, countless times, volume (actually, just a count of the orders executed and not the size of them) is not revealed market wide. It is not shared/distributed across all the network of broker servers. And the actual size of trades is a guarded secret for a minimum of three days!
Sorry for asking a repeated question. Have a good day.
Today's zone = Tomorrow's opportunity!
  • #16,249
  • Dec 28, 2010 7:07pm Dec 28, 2010 7:07pm
Quoting kevinchan
AUD: A decisive break of 1.000 is required to make the pair bearish (from current overbought level).
And I imagine that is why, during these low volume holidays, the asian PPMs are turning out if full force to load up before the decisive break....inching the price ever upwards as they scrounge to get their short orders filled.
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  • #16,250
  • Dec 28, 2010 7:13pm Dec 28, 2010 7:13pm
Quoting traderathome
EJ:

Another setting up for a good long after being plummeted yesteday. The bold yellow lines depict ever increasing volume as the price consistently fell......a good sign that the lower the price went, the more it was considered to be oversold and time to go long.....and traders acted accordingly.

In this case, a decent target area would be between RgH and the upper whole number.

WARNING: Speculation.
I'm not sure if the volume studies are interpreted correctly, isn't that one should trade with the big dogs, than to think what their next move is?

For instance, they were dumping (supported by volumes) and it was a good 100+ pips move, why not trade that (which is with the trend too), instead of buying on dips which is against the trend.

Edit: Same with GJ
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  • #16,251
  • Dec 28, 2010 7:37pm Dec 28, 2010 7:37pm
Quoting traderathome
EJ:

Another setting up for a good long after being plummeted yesteday. The bold yellow lines depict ever increasing volume as the price consistently fell......a good sign that the lower the price went, the more it was considered to be oversold and time to go long.....and traders acted accordingly.

In this case, a decent target area would be between RgH and the upper whole number.

WARNING: Speculation.
Yesterday EURUSD was a good setting!http://www.forexfactory.com/attachme...1&d=1293593083 I miss !My god!
And the GBPUSD belongs to the equilibrium in terms of weekly or daily now!
http://www.forexfactory.com/attachme...1&d=1293593567

http://www.forexfactory.com/attachme...1&d=1293593567
I hope these can help to everyone!My ENGLISH is not good!
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  • #16,252
  • Edited 8:06pm Dec 28, 2010 7:45pm | Edited 8:06pm
Quoting kevinchan
I'm not sure if the volume studies are interpreted correctly, isn't that one should trade with the big dogs, than to think what their next move is?

For instance, they were dumping (supported by volumes) and it was a good 100+ pips move, why not trade that (which is with the trend too), instead of buying on dips which is against the trend.

Edit: Same with GJ
Yes, the longer term trend is down. I have included pics for EJ, but as you pointed out, the same goes for GJ.

Here is what I see in the PA-volume pictures. On the larger TFs (example: Weekly) the activity is falling off. Yes, it is December/holidays, but also it could reflect the lack of trading except at the best price levels since PA is at extreme levels. Ok, so what are the best price levels? This is where the M15 - M1 volume study becomes important. We are now seeing peak activity at the most recent swing low....going into the bottom, at the bottom, and coming out of the bottom. This picture is in stark contrast to the lower activity we see at the most recent swing high....going into the high, at the high, and coming down off the high.

So, while volume is dropping overall as the trend pushes the price to extreme lows (indicating traders losing interest), the high spots of activity, discerned on small TFs, show where those that are trading, are doing the most of it. And in the case of EJ and GJ, it is now at the lows.

The "tricky" part here, is trading on the M15. If PA stays mostly positive relative to the Dragon, and the Dragon is angled up, then great. But, if PA suddenly drops to the negative side of the Dragon, and gets spiked down, then there is another "torpedo to buy" senario going on. And sometimes this happens without the nicety of first giving us a clue with proper lower highs and lows for a SonicR setup.

We need to heed the truth of what you said, the trends are down. And we need to be prepared to trade SonicR shorts. But a SonicR long is not out of the question now, either. See added pics #3 and #4.

Regards,
-TAH
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  • #16,253
  • Dec 28, 2010 8:51pm Dec 28, 2010 8:51pm
Quoting traderathome
Yes, the longer term trend is down. I have included pics for EJ, but as you pointed out, the same goes for GJ.

Here is what I see in the PA-volume pictures. On the larger TFs (example: Weekly) the activity is falling off. Yes, it is December/holidays, but also it could reflect the lack of trading except at the best price levels since PA is at extreme levels. Ok, so what are the best price levels? This is where the M15 - M1 volume study becomes important. We are now seeing peak activity at the most recent swing low....going into the bottom, at...
I think it's human nature....since you are long EJ, GJ your eyes/mind are
looking for long setups.
  • #16,254
  • Dec 28, 2010 11:03pm Dec 28, 2010 11:03pm
Thats what I think is a short setup.
The low volume in the box during High and trend line as a resistance twice. Also downtrend from yesterday.

First I made my own view of market then checked forum and saw different one

Let see what market decide
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  • #16,255
  • Dec 28, 2010 11:06pm Dec 28, 2010 11:06pm
Quoting kevinchan
I think it's human nature....since you are long EJ, GJ your eyes/mind are
looking for long setups.
Actually, I am not long EJ. I have only two running trades; my "position" AU short trade, and my GJ long trade which I held and added to on the drop yesterday.

There is a JPY bank holiday tomorrow. It could be the PPMs are waiting for that, before they ram it back up to make upside profits. The X-Mas holidays are just a "playground" time. Price moves mean nothing as regards actual relative worth of the involved currencies. Price moves simply because it can be made to move by the PPMs. And when the Central Banks are closed, it is easiest of all for the PPMs to move price. So, yesterday was a GBP bank holiday and the PPMs successfully torpedoed GY after stocking up on shorts. Tomorrow they might successfully pump GY after stocking up on longs today, an hypothesis the PA-volume study supports!
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  • #16,256
  • Dec 29, 2010 12:37am Dec 29, 2010 12:37am
head - shoulder, in the conclusion of the second arm .....
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  • #16,257
  • Dec 29, 2010 1:33am Dec 29, 2010 1:33am
Please I am relatively new in this business; I opened my first demo account about 6 months ago. I don’t know how to use the following that we are having on various charts:-
(a) The range figures (b) range low and (c) range high.
  • #16,258
  • Dec 29, 2010 1:50am Dec 29, 2010 1:50am
GU Short
I took this FE but daily chart makes me feel bad.
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  • #16,259
  • Dec 29, 2010 2:14am Dec 29, 2010 2:14am
Quoting Micheel
Thats what I think is a short setup.
The low volume in the box during High and trend line as a resistance twice. Also downtrend from yesterday.

First I made my own view of market then checked forum and saw different one

Let see what market decide
Micheel, your vLines are off by one hour! They are placed on your chart one hour after the events occured! I suggest you read the compile for the SonicR Chart Panel and revise your "DST_Server_GMT_Offset" input accordingly. Then turn on your SonicR Clock Panel and confirm the time when price bars reach the involved lines.
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  • #16,260
  • Dec 29, 2010 2:14am Dec 29, 2010 2:14am
Please I am sorry to bother you; what is the best way to use the volume indicator? I know that one can take position if the volume is above the moving average line but I discovered that one can still have a fake out even with the right price action. For instance if one decide to go short when the price is below the 34 EMAs and the candle is strongly moving down with volume above the moving average, the next candle can reverse the trend. I read the manual where the original NVO is explained but the new indicator is different.
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