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Sonic R. System

  • #16,341
  • Jan 3, 2011 3:14am Jan 3, 2011 3:14am
Quoting RonaldinhoKuban
Thanks, TAH!!
vLines - that is it? Where they on image?
I don't understand your question. I can only repeat, as I have here until I am blue in the face......READ THE USER NOTES IN THE COMPILE OF EACH INDICATOR. If you do not know how to access the compile, read backwards thru the thread, as I have instructed more than once how to do it, most recently last week I believe.

Regards,
-TAH
  • #16,342
  • Edited 3:30am Jan 3, 2011 3:19am | Edited 3:30am
Quoting eire77
I'm in the same setup, but from 1.5506, i hope isn't a wrong EP
You entered a bit late. Price might have just found strong support...hammer candle of above average volume. Be careful.
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  • #16,343
  • Jan 3, 2011 3:33am Jan 3, 2011 3:33am
Quoting traderathome
You entered a bit late. Price might have just found strong support...hammer candle of above average volume. Be careful.
TAH,what do you think AUDUSD?Thanks.
  • #16,344
  • Jan 3, 2011 3:51am Jan 3, 2011 3:51am
Quoting lirongguang
TAH,what do you think AUDUSD?Thanks.
It is currently trading above average volume. Today is a GBP Bank Holiday as well as a bank holiday for Germany and Italy. Price seems to be under consolidation....traders "tuning" their positions. Since this already dropped in the asian session, after a gap down open for the week following a grand pump and dump on Friday, I'd expect the consolidation is all about getting in on the short side. The absence of small pumps for better shorting might be because large PPM outfits already have sitting short orders above the current consolidation range, thus preventing anyone from blowing the price up thru to a much higher level.

Today is not a US bank holiday, so we could see some action later today. Otherwise, tomorrow.

WARNING: Speculation!
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  • #16,345
  • Jan 3, 2011 3:56am Jan 3, 2011 3:56am
This demo trade, thanks Sonic and TAH
Entry and TP and SL not ideally, but i'm just learning...
Sorry for my English
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  • #16,346
  • Jan 3, 2011 4:14am Jan 3, 2011 4:14am
Quoting traderathome
Nice setup.

Look into your "GMT" and "DST" settings for the Chart Panel. Your vLines are displaying one hour too soon. And if these settings are wrong, they are problably wrong in the TzPivots indy also!

Turn your Clock Panel on and be sure it says "8:00 AM" for NY when price hits the NY line.
I have joined Ronald in this long trade, entering on the previous pullback towards the EP area. There is a high impact USD release in just under 5 hours. So, if the price keeps getting pulled back down, it might be that the PPMs are repeatedly doing so to keep down their cost of building a long position in advance of the release. If it gets pulled down really good, I'll maybe add to the long trade. MY SL is mental. If PA breaks it, I'll consider adding instead of folding.

WARNING: Speculation!
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  • #16,347
  • Jan 3, 2011 4:19am Jan 3, 2011 4:19am
EU:

We might see something like this today....

Considering today is a Germany Bank Holiday, and the same with Italy, that was nevertheless a powerful torpedo of the price to the lower half number.....and a speedy recovery on increasing volume, too! That smells like the PPMs strategy of.....TORPEDO AND BUY.....BUY......BUY! All in advance of a USD high impact release. Do they know something?

WARNING: Speculation!
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  • #16,348
  • Jan 3, 2011 4:21am Jan 3, 2011 4:21am
Quoting traderathome
You entered a bit late. Price might have just found strong support...hammer candle of above average volume. Be careful.
What are your dotted lines in the chart? H4 S & R?

Thanks.
"Being picky only cost your time - not MONEY"...Hans
  • #16,349
  • Jan 3, 2011 4:23am Jan 3, 2011 4:23am
So I'm trading for a few days with this system and I'm pissed. I haven't lost a single trade which makes me worry. It makes me feel like when you go for the first time in a casino and you win and you think you ll win everything.

Ofc there is an exception here, this is not a casino...

Anyway I have a question. When it comes to use the system to scalp 5min TF can we say it's decent to look for 10-15 pips for an average result ? Or I should always base my TP on the indicators ?
  • #16,350
  • Jan 3, 2011 4:26am Jan 3, 2011 4:26am
Quoting fahren
So I'm trading for a few days with this system and I'm pissed. I haven't lost a single trade which makes me worry. It makes me feel like when you go for the first time in a casino and you win and you think you ll win everything.

Ofc there is an exception here, this is not a casino...

Anyway I have a question. When it comes to use the system to scalp 5min TF can we say it's decent to look for 10-15 pips for an average result ? Or I should always base my TP on the indicators ?
Did you pay attention to this? ......
http://www.forexfactory.com/showpost...ostcount=16322

What does it say about selecting TPs?
  • #16,351
  • Jan 3, 2011 4:32am Jan 3, 2011 4:32am
Quoting nando_rich
What are your dotted lines in the chart? H4 S & R?

Thanks.
I am field testing a new S&R function that I am working on. It seeks out and displays significant S&R levels using fractals, and based on several user inputs. If it proves worthy, it will become an additional function of the multi-function SonicR Chart Panel in the next release. It would negate the need for pivots, since the S&R found would be based upon actual price history, and not just the single prior day candle like pivots are. It would add more valid S&R levels to the key whole and half number levels.
  • #16,352
  • Jan 3, 2011 4:35am Jan 3, 2011 4:35am
Quoting traderathome
I am field testing a new S&R function that I am working on. It seeks out and displays significant S&R levels using fractals, and based on several user inputs. If it proves worthy, it will become an additional function of the multi-function SonicR Chart Panel in the next release.
It looks great as always!

Thanks.
"Being picky only cost your time - not MONEY"...Hans
  • #16,353
  • Jan 3, 2011 4:35am Jan 3, 2011 4:35am
Quoting traderathome
Did you pay attention to this? ......
http://www.forexfactory.com/showpost...ostcount=16322

What does it say about selecting TPs?
Right.
  • #16,354
  • Jan 3, 2011 4:38am Jan 3, 2011 4:38am
Hi:

I'm long on EU.

We'll see.

Regards.
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"Being picky only cost your time - not MONEY"...Hans
  • #16,355
  • Jan 3, 2011 4:42am Jan 3, 2011 4:42am
Quoting nando_rich
Hi:

I'm long on EU.

We'll see.

Regards.
Same here. With TP at 1.33600
  • #16,356
  • Jan 3, 2011 4:45am Jan 3, 2011 4:45am
Quoting traderathome
It is currently trading above average volume. Today is a GBP Bank Holiday as well as a bank holiday for Germany and Italy. Price seems to be under consolidation....traders "tuning" their positions. Since this already dropped in the asian session, after a gap down open for the week following a grand pump and dump on Friday, I'd expect the consolidation is all about getting in on the short side. The absence of small pumps for better shorting might be because large PPM outfits already have sitting short orders above the current consolidation range,...
Thanks. AUDUSD is still going up! The PA above Dragon on H4!I wait a big dow wave on H4!
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  • #16,357
  • Jan 3, 2011 4:47am Jan 3, 2011 4:47am
AU:

The PPMs are messing with it, seeking the high ground again. But the big picture is still bearish. If anything, the PPMs attempts to hike price hours before a high impact USD release says they know the price might plummet. And they want to get some attractively priced short orders filled, up there just above the whole number!

WARNING: Speculation!
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  • #16,358
  • Jan 3, 2011 5:08am Jan 3, 2011 5:08am
Quoting traderathome
EU:

We might see something like this today....

Considering today is a Germany Bank Holiday, and the same with Italy, that was nevertheless a powerful torpedo of the price to the lower half number.....and a speedy recovery on increasing volume, too! That smells like the PPMs strategy of.....TORPEDO AND BUY.....BUY......BUY! All in advance of a USD high impact release. Do they know something?

WARNING: Speculation!
Don't misunderstand. If the PPMs stopped the drop and are driving it up in advance of the USD high impact release (in less than 4 hours), it might be to have one last opportunity to buy longs low and drive the price up to unload them and switch to shorts before the release!

It could be. So, if you are in long as the time for the release approaches, be careful. This move up could be just a Pump and Dump strategy, with the Dump to be executed when the release hits.

WARNING: Speculation!
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  • #16,359
  • Jan 3, 2011 5:15am Jan 3, 2011 5:15am
i am waiting EU to make LH and i will enter above the high of the candle breaking dragon
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  • #16,360
  • Jan 3, 2011 6:26am Jan 3, 2011 6:26am
Quoting traderathome
Don't misunderstand. If the PPMs stopped the drop and are driving it up in advance of the USD high impact release (in less than 4 hours), it might be to have one last opportunity to buy longs low and drive the price up to unload them and switch to shorts before the release!

It could be. So, if you are in long as the time for the release approaches, be careful. This move up could be just a Pump and Dump strategy, with the Dump to be executed when the release hits.

WARNING: Speculation!
Re: AUD

To me, a decisive break of 1.000 is needed, otherwise expecting 1.0350.
Lets see how it plays out!
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