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Sonic R. System

  • #17,761
  • Feb 21, 2011 7:27pm Feb 21, 2011 7:27pm
EJ Update:

Not only has this blown thru its average range, but it is now solidly below the lower whole number and at an area of previous support. Today will tell.
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  • #17,762
  • Feb 21, 2011 8:51pm Feb 21, 2011 8:51pm
Quoting zz_zhang
Not jus u, we have the same problem. jus off the indicator or delete it for the time being while FF troubleshoot at their part.

rdgs

zzz
I had repaired, thank you very much!
  • #17,763
  • Edited 9:13pm Feb 21, 2011 8:58pm | Edited 9:13pm
Quoting traderathome
EJ Update:

Not only has this blown thru its average range, but it is now solidly below the lower whole number and at an area of previous support. Today will tell.
Good call TAH!
I squared away my scout short yesterday and I do not open any trade,after that.

Sonic
  • #17,764
  • Feb 22, 2011 1:51am Feb 22, 2011 1:51am
+97 pips while sleeping.
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"Being picky only cost your time - not MONEY"...Hans
  • #17,765
  • Feb 22, 2011 1:55am Feb 22, 2011 1:55am
Quoting traderathome
EJ Update:

Not only has this blown thru its average range, but it is now solidly below the lower whole number and at an area of previous support. Today will tell.
greets enigma4x
enjoy my life ... and ride the waves - all what I do
  • #17,766
  • Feb 22, 2011 3:52am Feb 22, 2011 3:52am
Take a look at UCAD:
May form a nice L/H/LH/xx formation shooting off the half number.
PA above Trendline + dragon pointing up.
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  • #17,767
  • Feb 22, 2011 5:16am Feb 22, 2011 5:16am
One nasty swing..
Morale of the story: As a swing sonikers, avoid trading in Asian session..


Sonic
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  • #17,768
  • Feb 22, 2011 5:40am Feb 22, 2011 5:40am
Quoting sonicdeejay
One nasty swing..
Morale of the story: As a swing sonikers, avoid trading in Asian session..


Sonic
Just wondering, what fundy/news the really driven the swings? Or just the London big boys having good fun with the absent of US traders.
Should we avoid trading during US holiday as well? what you think master.
seeing through
  • #17,769
  • Feb 22, 2011 5:57am Feb 22, 2011 5:57am
Quoting sonicdeejay
One nasty swing..
Morale of the story: As a swing sonikers, avoid trading in Asian session..


Sonic
This is very relative. The market is turning, right .... 140 pips of swing would it have been a bad trade in your opinion?
"Being picky only cost your time - not MONEY"...Hans
  • #17,770
  • Feb 22, 2011 6:48am Feb 22, 2011 6:48am
Quoting pipphunter
Just wondering, what fundy/news the really driven the swings? Or just the London big boys having good fun with the absent of US traders.
Should we avoid trading during US holiday as well? what you think master.

One thing I do know is.. during Asian session..liquidity of the mkt is extremely thin...

Big boys takes this chance to swing the price in order to hunt for the weak traders holders position..


Sonic
  • #17,771
  • Feb 22, 2011 6:48am Feb 22, 2011 6:48am
Quoting nando_rich
This is very relative. The market is turning, right .... 140 pips of swing would it have been a bad trade in your opinion?
In fact.. that swing wasn't that bad..as I know sonickers who make $$ out of it..


Sonic
  • #17,772
  • Feb 22, 2011 7:16am Feb 22, 2011 7:16am
Market Comment:

Awoke to some nice swings, which you all have been discussing. In my opinion, and as Sonic already said in general, it is very likely that for EJ, the first swing/spike up was to trigger traders into the market and proceed to hunt stups, which would likely also take the new entries right back out again. But the larger swings down and back up on both EJ and EU?

My theory is this. During the Asian session, some Big Money decided things were just too close to maybe the time they suspect other Big Money is going to seriously plummet these pair. So they jumped the gun and started selling. And when the London session Big Money came to the table, they essentially said, "No way! We are not done fleecing.", and promptly restored the prices. And maybe adding briefly to the dip as they took on longs for additional profit on the trip back up.

However, the price tops are lower than before, so can we consider this yet another sign of weakening? Were there just too many sell orders sitting just a bit higher for even Big Money to consider it worth moving the price higher in order to cover up their future intent?

So, as this gets more interesting now, let us see what US Big Money has to say about all this.....
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  • #17,773
  • Feb 22, 2011 7:28am Feb 22, 2011 7:28am
I am seeing BB manipulate the price down to load their Long..
Pls see the similarity in 2 black boxes...

Sonic
P.S I still hold my last week long..
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  • #17,774
  • Feb 22, 2011 7:35am Feb 22, 2011 7:35am
I know that all sonicers who have read the entire thread, you know what I'm going to say next but I think are interesting things to remember.

- After a run up/down we're going to look for short trades and vice that we have it all clear, as we're swing-traders and we look for reversals or CT trades.

-Once identified the setup (wave ok, dragon ok, etc), comes the most complicated and what really determines whether you will be a profitable trader or not. To identifity potencials targets (fibo's, Round Numbers, pibots??). Even search for areas of S & R can be confusing because there are many. What will be correct? Where the PPM's will bring the PA?.

-If we zoom out, we can see areas of control in the past or range zones. Just mark them and keep them in mind for futures TP's.

Hope that helps someone.

Sorry for my poor English, I hope I could express my thoughts properly.

Best Regards,
Nando_rich
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"Being picky only cost your time - not MONEY"...Hans
  • #17,775
  • Feb 22, 2011 7:41am Feb 22, 2011 7:41am
Long entered SPX500 as attached chart. A samll try, as the FX big boys' swings make my head cloudy.
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seeing through
  • #17,776
  • Feb 22, 2011 8:00am Feb 22, 2011 8:00am
Quoting nando_rich
I know that all sonicers who have read the entire thread, you know what I'm going to say next but I think are interesting things to remember.

- After a run up/down we're going to look for short trades and vice that we have it all clear, as we're swing-traders and we look for reversals or CT trades.

-Once identified the setup (wave ok, dragon ok, etc), comes the most complicated and what really determines whether you will be a profitable trader or not. To identifity potencials targets (fibo's, Round Numbers, pibots??). Even search for areas of...
Thank you, Nando_rich. And another way to stay oriented and find targets is to use the FR tool. I'll illustrate with EU.

I show the M30 so it is easier to see why I place the FR study where it is; from a swing high to low starting with the highest high and ending at a significant low, which is this case is an obvious S&R area (look to left on chart and see previous high area is where I stopped the FR).

On the M15 the FR levels help to stay oriented. We clearly see PA was restored to the FR 62% level. The earlier plummet made it to the FR 162% extension level. And you can see PA nicely interacted with the other FR levels.

These FR levels, together with a gander at historic PA (momentarily switch to a larger TF chart to view) can help to decide on possible targets.
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  • #17,777
  • Feb 22, 2011 8:20am Feb 22, 2011 8:20am
Quoting traderathome
Thank you, Nando_rich. And another way to stay oriented and find targets is to use the FR tool. I'll illustrate with EU.

I show the M30 so it is easier to see why I place the FR study where it is; from a swing high to low starting with the highest high and ending at a significant low, which is this case is an obvious S&R area (look to left on chart and see previous high area is where I stopped the FR).

On the M15 the FR levels help to stay oriented. We clearly see PA was restored to the FR 62% level. The earlier plummet made it to the FR 162%...
Of course!!!

The projections of the FR study are very interesting too. Even a combination of both techniques would be more powerful and even more fitting to find TP's.

Check out where the last run up finished and the reaction in each level.

Now zoom out a little and look for the last range zone.

Interesting?

Best Regards,
Nando_rich.
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Click to Enlarge Name: _tp-fr+range_22-02-2011_eu_1.gif Size: 35 KB
"Being picky only cost your time - not MONEY"...Hans
  • #17,778
  • Feb 22, 2011 8:29am Feb 22, 2011 8:29am
Quoting nando_rich
Of course!!!

The projections of the FR study are very interesting too. Even a combination of both techniques would be more powerful and even more fitting to find TP's.

Check out where the last run up finished and the reaction in each level.

Now zoom out a little and look for the last range zone.

Interesting?

Best Regards,
Nando_rich.
Or go back even further, to the previous high. Draw FR from that high back down to the significant low preceding that high. Now look at the PA interaction with FR levels......
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  • #17,779
  • Feb 22, 2011 8:36am Feb 22, 2011 8:36am
Or go back...(so we can be all day)

I think it became clear to sonicers.
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"Being picky only cost your time - not MONEY"...Hans
  • #17,780
  • Feb 22, 2011 8:43am Feb 22, 2011 8:43am
Quoting nando_rich
Or go back...(so we can be all day)

I think it became clear to sonicers.
Going back to that point, I'd draw the FR a bit deeper....down to that area of previous support before the run up to that high where we start the FR study. Now look at the PA interaction with FR levels. This is an H4 chart, and levels here can be signifcant and worthy to use in the future as targets when price starts falling.

Note where PA is right now. If the PPMs don't get it pumped to the FR 50% level today, I'd read that as a definate sign of weakness.
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