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Sonic R. System

  • #16,261
  • Edited 5:11am Dec 29, 2010 4:48am | Edited 5:11am
Quoting sogff
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....
For SonicR trading, it is best that there be a relative volume increase during the formation of the WAVE. If the WAVE is for an upwards move, look for highest volume at the lows and/or as PA moves up from the lows. If the WAVE is for a downwards move, look for highest volume at the highs and/or as PA moves down from the highs.

I have provided pic #1 with an example for a WAVE suggesting a downwards move. Note the black lines, PA moving down and volume increasing. Note the red lines, PA pumped back up with as little volume as they could get away with. Note the blue lines, another drive down starting with more than twice the average volume on the first candle off the highs. Now this has been for only a 30 pip move from the EP zone so far, but that might be because the PPMs just want it a bit lower to acquire longs in advance of a grand move up later....today or tomorrow. If the PPMs weren't in actuality thinking "make preparations for a long side move", such PA-volume might have resulted in a better run down.

But this could still be made to drop some more by the London/US PPMs. However, price is around yesterday's lows. So the question is, will it break down for more downside, or will the PPMs use these lows to build their long positions? Pic #2 clearly shows peaks in relative volume at "relative lows" and at drives up off of the "relative lows" on the chart....much more so than any volume peaks at highs.

30 pips is a good trade.

Regards,
-TAH
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  • #16,262
  • Dec 29, 2010 5:02am Dec 29, 2010 5:02am
GU: Daily & Weekly. Support at 1.52x (?).
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  • #16,263
  • Dec 29, 2010 5:17am Dec 29, 2010 5:17am
Quoting kevinchan
GU: Daily & Weekly. Support at 1.52x (?).
I don't know. But on a shorter TF, the PA-Volume study shows increased trading during a "cradling" a move down for position building.
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  • #16,264
  • Dec 29, 2010 5:30am Dec 29, 2010 5:30am
GU:

Made an early entry long, on the basis of support at the half number area yesterday, higher lows today, the WAVE with building volume on the second leg, and the breakout area being the whole number/DPV area. It is not unusual for consolidation below a whole number to yield nice runs.
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  • #16,265
  • Dec 29, 2010 5:41am Dec 29, 2010 5:41am
GJ:

I would not be surprised to see this make a nice move up, either today or tomorrow. This is consolidating below the half number. A good move would take it back to the 128.00 area.
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  • #16,266
  • Edited Dec 30, 2010 12:08am Dec 29, 2010 5:57am | Edited Dec 30, 2010 12:08am
AU:

Convergence/divergence is not used as an indicator in the SonicR System. One reason is that though it "suggests" a reverse move, PA can continue thru multiple swings with the current trend before any reverse move might happen. And those multiple swings can represent additional valid SonicR trades with the trend!

Now having said that, here is a pic for those that scout for divergence. The line on the chart connects the tops of the bodies of the candles. But even if the line were flat, it still represents divergence since the MACD line is angled steeply down. We'll have a clearer picture by the end of the day.

Edit (early next session): Ok, see how it turned out? PA indeed made another cycle up. There is still divergence, but in the meantime there was a SonicR long trade setup that was good for 50+ pips! This is EXACTLY why Sonicdeejay does not recommend "divergence" be tagged to SonicR trading. It just drags down the elegant simplicity of SonicR, and its efficiency.

Regards,
-TAH
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  • #16,267
  • Dec 29, 2010 8:07am Dec 29, 2010 8:07am
Quoting traderathome
GU:

Made an early entry long, on the basis of support at the half number area yesterday, higher lows today, the WAVE with building volume on the second leg, and the breakout area being the whole number/DPV area. It is not unusual for consolidation below a whole number to yield nice runs.
I did the same entry in london open...I'm with you in that.
"Being picky only cost your time - not MONEY"...Hans
  • #16,268
  • Dec 29, 2010 8:35am Dec 29, 2010 8:35am
Quoting traderathome
GU:

Made an early entry long, on the basis of support at the half number area yesterday, higher lows today, the WAVE with building volume on the second leg, and the breakout area being the whole number/DPV area. It is not unusual for consolidation below a whole number to yield nice runs.
I did the same entry in london open...I'm with you in that.

Where is your tp? The mine is in 1,5454....
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"Being picky only cost your time - not MONEY"...Hans
  • #16,269
  • Dec 29, 2010 8:46am Dec 29, 2010 8:46am
GU Short trade closed.
PA hit SL. -30 pips.
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  • #16,270
  • Dec 29, 2010 8:55am Dec 29, 2010 8:55am
Quoting nando_rich
I did the same entry in london open...I'm with you in that.

Where is your tp? The mine is in 1,5454....
Ok..i decided to close the trade near of the TP, on confluence: FR 61.8 + half number + past L&R.

+30 pips in a day like today, no bad.

Regards.
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"Being picky only cost your time - not MONEY"...Hans
  • #16,271
  • Dec 29, 2010 9:43am Dec 29, 2010 9:43am
Quoting traderathome
For SonicR trading, it is best that there be a relative volume increase during the formation of the WAVE. If the WAVE is for an upwards move, look for highest volume at the lows and/or as PA moves up from the lows. If the WAVE is for a downwards move, look for highest volume at the highs and/or as PA moves down from the highs.

I have provided pic #1 with an example for a WAVE suggesting a downwards move. Note the black lines, PA moving down and volume increasing. Note the red lines, PA pumped back up with as little volume as they could get away...

Thank you very much.
  • #16,272
  • Dec 29, 2010 6:02pm Dec 29, 2010 6:02pm
+ve div x2 @ h4

Long @ m15 TF

Close half @ TP 1 ;
SL @ breakeven ;
Let's see TP 2 and any opportunity to add position
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  • #16,273
  • Dec 29, 2010 7:21pm Dec 29, 2010 7:21pm
Can you tell me XAUUSD how to go?TAH
http://www.forexfactory.com/attachme...1&d=1293672091
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  • #16,274
  • Dec 30, 2010 12:13am Dec 30, 2010 12:13am
Quoting mphpopular
+ve div x2 @ h4

Long @ m15 TF

Close half @ TP 1 ;
SL @ breakeven ;
Let's see TP 2 and any opportunity to add position
Welcome back, mphpopoular! Long time, no see. Good to have you here again, my friend!

Nice trade, too!

-TAH
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  • #16,275
  • Dec 30, 2010 12:22am Dec 30, 2010 12:22am
Quoting lirongguang
Can you tell me XAUUSD how to go?TAH
http://www.forexfactory.com/attachme...1&d=1293672091
No, I can't tell you how to go. You have to make your own trading decisions.

I can, however, advise you to be aware that the spread is 55 pips, not 5. And the range is 1574, not 157. Your broker feed is the problem here.

Regards,
-TAH
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  • #16,276
  • Dec 30, 2010 12:31am Dec 30, 2010 12:31am
Quoting traderathome
Welcome back, mphpopoular! Long time, no see. Good to have you here again, my friend!

Nice trade, too!

-TAH
Hi, you've bcome one of the MR GURU on absence of Sonic, saw your post everywhere in the thread

If it hit TP 2 or around that area, then it would be great.
  • #16,277
  • Dec 30, 2010 1:14am Dec 30, 2010 1:14am
EU:

Waiting for Short with H&S

Sonikers, what do you think about this?
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  • #16,278
  • Dec 30, 2010 1:44am Dec 30, 2010 1:44am
Quoting TraderViet
EU:

Waiting for Short with H&S

Sonikers, what do you think about this?
The M15 might be a bit low of a TF to put much stock in such a formation. As the saying goes, the larger the TF, the more significant the formation is.

On the other hand, volume is building on leg 2 of a WAVE for a long trade. I don't know that the leg has stopped going down, but you can see what is happening regards trader interest as they drop the price.
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  • #16,279
  • Dec 30, 2010 2:00am Dec 30, 2010 2:00am
Quoting traderathome
The M15 might be a bit low of a TF to put much stock in such a formation. As the saying goes, the larger the TF, the more significant the formation is.

On the other hand, volume is building on leg 2 of a WAVE for a long trade. I don't know that the leg has stopped going down, but you can see what is happening regards trader interest as they drop the price.
TAH,

Thank you for your comment. I see in the long term, the trend is going up. But before going up, it usually has a short term go down to make Low, then make HL.

Although this short trade is very risky but if I expect smaller profit, I can take this trade. Anyway, this is very risky and we should to wait to LONG trade as you said.

Thanks,

TraderViet
  • #16,280
  • Edited 3:47am Dec 30, 2010 3:27am | Edited 3:47am
Hi:

I'm long on EJ.

The PA finds resistance and then a wave formation happens with pick volume in L and LH. I have some fear for the range zone.

we'll see.

Regards.
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"Being picky only cost your time - not MONEY"...Hans
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