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Sonic R. System

  • #16,621
  • Jan 11, 2011 2:22am Jan 11, 2011 2:22am
PPM's loading for long in the London Opening.
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"Being picky only cost your time - not MONEY"...Hans
  • #16,622
  • Jan 11, 2011 2:23am Jan 11, 2011 2:23am
Quoting Pmg.g
H-L-LH...
Try to igone ragged WAVES, or ignore the extreme hi/lo of them. Anyway, it was before best hours, when things can suddenly change.
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  • #16,623
  • Jan 11, 2011 2:31am Jan 11, 2011 2:31am
Quoting Pmg.g
H-L-LH...
Volume study could answer your question. It's just my opinion.


Regards.
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"Being picky only cost your time - not MONEY"...Hans
  • #16,624
  • Jan 11, 2011 2:43am Jan 11, 2011 2:43am
Please there is something I noticed yesterday (Monday, 10/01/2011) on the USDCAD trade. Canada released high impact favourable economic data between 8.30 and 10.30 am GMT. While inexperienced traders like me were out of this trade waiting for the actual news release, the price started to move up right from the Asian session and continued until around 11.30 am GMT when the price nose-dived. Although the volume during the rising period was not low, there was no significantly high volume to justify an earlier entry using the Sonic Rules. Two things, does it mean that some people knew the data would be favourable? And how can somebody enter this type of trade?
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  • #16,625
  • Jan 11, 2011 3:40am Jan 11, 2011 3:40am
I closed EU Long with +40 pips.
I have this short with tight SL.
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  • #16,626
  • Jan 11, 2011 3:50am Jan 11, 2011 3:50am
Quoting nando_rich
PPM's loading for long in the London Opening.

Drop down with vol incresing. They are looking for better prices for their longs positions.
"Being picky only cost your time - not MONEY"...Hans
  • #16,627
  • Jan 11, 2011 6:00am Jan 11, 2011 6:00am
Quoting nando_rich
Drop down with vol incresing. They are looking for better prices for their longs positions.
Will the PPM's pretty loaded? Is it time for the torpedoes?

Let the market decide.
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"Being picky only cost your time - not MONEY"...Hans
  • #16,628
  • Jan 11, 2011 6:21am Jan 11, 2011 6:21am
Unleash the dragon!

Quoting nando_rich
Will the PPM's pretty loaded? Is it time for the torpedoes?

Let the market decide.
  • #16,629
  • Jan 11, 2011 8:54am Jan 11, 2011 8:54am
In the morning I was supposing a long movement, but right now it seems lika it´s goin´ down...
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Lose small, WIN BIG..
  • #16,630
  • Jan 11, 2011 8:59am Jan 11, 2011 8:59am
Quoting Pmg.g
In the morning I was supposing a long movement, but right now it seems lika it´s goin´ down...
I like your title ....lol
  • #16,631
  • Edited 9:36am Jan 11, 2011 9:21am | Edited 9:36am
Quoting Pmg.g
In the morning I was supposing a long movement, but right now it seems lika it´s goin´ down...
I think "the U.S. PPM's" are selling to get better prices and build their long positions.

You can also see the 3 hammers against the line of support at 3 sesions (Asia, London, NY)

Or maybe I'll be going crazy looking at the volume and trying to understand the PPM's.
Attached Image(s) (click to enlarge)
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Click to Enlarge Name: _11-01-2011_eu-hammers.gif Size: 49 KB
"Being picky only cost your time - not MONEY"...Hans
  • #16,632
  • Jan 11, 2011 9:21am Jan 11, 2011 9:21am
Valid short setup in 15M Timeframe.
Also note the higher Volume at the green spike up.
PPM to load for shorts?


Quoting Pmg.g
In the morning I was supposing a long movement, but right now it seems lika it´s goin´ down...
  • #16,633
  • Jan 11, 2011 9:27am Jan 11, 2011 9:27am
I think we should focus more on the original Sonic trading setups and rules than trying to interpret every volume candle to our favor.

We have clear short setup in 15M EU now. H,L,LH,LL
with dragon pointing down + PA below Average line.

Not to mention PA was stoped 2times trying to get through 1.3000

http://cdn.forexfactory.com/attachme...1&d=1294757658
  • #16,634
  • Jan 11, 2011 10:13am Jan 11, 2011 10:13am
Quoting sogff
[font=Verdana]Please there is something I noticed yesterday (Monday, 10/01/2011) on the USDCAD trade. Canada released high impact favourable economic data between 8.30 and 10.30 am GMT. While inexperienced traders like me were out of this trade waiting for the actual news release, the price started to move up right from the Asian session and continued until around 11.30 am GMT when the price nose-dived. Although the volume during the rising period was not low, there was no significantly high volume to justify an earlier entry using the Sonic Rules....
You see, that is exactly my point! The PPMs jockey prices around like the forex market is their own carney crabshoot. Most of the time they don't give a damn what is in the releases, they already know how they are going to "play" the prices.

In this case, as with so many recently, they move the price substantially as time closes to the release, then at/after the release or releases, they reverse and go the other direction again. Why? Because by doing this they get TWO run opportunities to profit out of ONE release, or set of releases! AND, they can always "hide" behind these releases as the "excuse" for their manipulations....."Gee, we thought this direction was justified based on what we 'expected', but it wasn't what we expected, so later we had to 'restore' the price".

It is just my opinion, but there isn't any such thing as a "news trade" except for the extremely STUPID. The news has no importance other than it is a TIME when prices might change.....AGAIN. Prices might change leading up to news, at the time of the news, and later. Any combination of these three is possible, simply depending on what the PPMs decide to do, in order to profit. Trying to guess direction in advance of this sequence is a fool's game.

But laying in wait, to see what direction the price takes, should the PPMs decide to move it, THAT is a valid part of trading. A SonicR setup could occur, and a valid trade present itself before, at, or later from a release or series of releases.

Trying to guess what direction price might move is CRAZY! Guessing that price MIGHT MOVE is not!
  • #16,635
  • Jan 11, 2011 10:26am Jan 11, 2011 10:26am
Hi:

I prefered to protect my profits and i got out just in the whole number.

Regards.
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"Being picky only cost your time - not MONEY"...Hans
  • #16,636
  • Jan 11, 2011 10:36am Jan 11, 2011 10:36am
Nando,

I'm trying to get a handle on this. That is some pretty strong consolidation/resistance for multiple hours towards the 107.65ish line. What kept you in that long? Congrats on those pips
  • #16,637
  • Jan 11, 2011 10:46am Jan 11, 2011 10:46am
EU:

Since this is the primary pair for SonicR trading, I thought this might be of interest to members.

The Daily chart is sporting a Head and Shoulders formation. More importantly, the heavy New Years volume drove prices down thru the neckline of the formation. This could very well have been a concentrated sell-off (building of short positions) ahead of a substantial drop in the price.

Technically, the drop would be in the neighborhood of 1,600 pips. Of course, there will be lots of moves in both directions should the price make this journey down.

Currently, it looks like we might first be facing a retest of the neckline....an upwards manipulation of the price by the PPMs, giving themselves more time to build short positions for this trade.
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  • #16,638
  • Jan 11, 2011 10:57am Jan 11, 2011 10:57am
Quoting jasonc1213
Nando,

I'm trying to get a handle on this. That is some pretty strong consolidation/resistance for multiple hours towards the 107.65ish line. What kept you in that long? Congrats on those pips
The price is first consolidated in the whole number and the PA goes up to half number which also consolidates. Then i was expecting that the price at least go to the next whole number.

All this supported by the previous study of volume.

Greetings.
"Being picky only cost your time - not MONEY"...Hans
  • #16,639
  • Jan 11, 2011 11:13am Jan 11, 2011 11:13am
Hi:

I closed the two trades in the line of resistance. Both charts show a pattern of reversal candles against it.

EJ: +70
EU: +45
GU: +45

Total: +160pips. Done today.

Regards.
Attached Image(s) (click to enlarge)
Click to Enlarge Name: positive_11-01-2011_eu.gif Size: 30 KB
Click to Enlarge Name: positive_11-01-2011_gu.gif Size: 29 KB
"Being picky only cost your time - not MONEY"...Hans
  • #16,640
  • Jan 11, 2011 11:22am Jan 11, 2011 11:22am
Quoting traderathome
You see, that is exactly my point! The PPMs jockey prices around like the forex market is their own carney crabshoot. Most of the time they don't give a damn what is in the releases, they already know how they are going to "play" the prices.

In this case, as with so many recently, they move the price substantially as time closes to the release, then at/after the release or releases, they reverse and go the other direction again. Why? Because by doing this they get TWO run opportunities to profit out of ONE release, or set of releases! AND,...
Thanks. I am learning.
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