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Sonic R. System

  • #18,401
  • Mar 15, 2011 7:20pm Mar 15, 2011 7:20pm
Quoting sonicdeejay
It was indeed a stopping vol. But the issue is big boy bring down further to "shake out weak longs and trap unsuspecting new shorts" and charge all the way up..

Trading is one dirty business.

Sonic
"Trading is one dirty business." - Sonic

Oh, come now! All traders, professional and retail, are all part of one big happy family! And each wishes all the others great success!

Sonic, look at the PA using enigma4x's CandleVolume indicator. It shows that the heavy volume bear candles are more predominate than the heavy volume bull candles. This is essentially ranging, apparently with heaviest activity on the downwards moves and lighter on the upside moves. Heck, even a gap up was needed to help out on the upside moves.

So, I remain bearish on this one.
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  • #18,402
  • Mar 15, 2011 9:09pm Mar 15, 2011 9:09pm
I've been reading your tread and have learned a lot from it. As for EU, I see a double top in H1 TF. Can we say the bear is getting close?
  • #18,403
  • Mar 15, 2011 11:06pm Mar 15, 2011 11:06pm
Load up EU D1 and W1 chart..
Am seeing big vol spike..

It is so getting ready for next big move...


Sonic
  • #18,404
  • Mar 15, 2011 11:11pm Mar 15, 2011 11:11pm
Enigma4x CandleVolume and EU:

Attached are two pics, each containing volume information to be evaluated along with price movements. The objective is to determine if volume is weighted in favor of buyers (upwards movement), or sellers (downwards movement), so that we might better understand in which direction traders are most likely to continue to move prices.

With which picture do you find it most easy to grasp the relationship between price moves and volume?
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  • #18,405
  • Mar 15, 2011 11:13pm Mar 15, 2011 11:13pm
Quoting traderathome
Enigma4x and EU:

Attached are two pics, each containing volume information to be evaluated along with price movements. The objective is to determine if volume is weighted in favor of buyers (upwards movement), or sellers (downwards movement), so that we might better understand in which direction traders are most likely to continue to move prices.

With which picture do you find it most easy to grasp the relationship between price moves and volume?
First one mate..

Sonic
  • #18,406
  • Mar 15, 2011 11:29pm Mar 15, 2011 11:29pm
Quoting sonicdeejay
Load up EU D1 and W1 chart..
Am seeing big vol spike..

It is so getting ready for next big move...


Sonic
Sonic, FXDD volumes on D, W and M charts are invalid. Since they went to 5digits it has been messed up, showing much shorter bars up to the new year and much taller bars since. So I can not get a reasonable volume read on any but the H4 and lower charts. Apparently the transition code for 5digits is not handled properly by the volume indys, even the MT4 built-in volume is screwed up this way.

But, if there is a volume spike, I would think there would be some sign of overall more volume during some period now vs a day or two ago. I do not see any such indications.
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  • #18,407
  • Mar 15, 2011 11:30pm Mar 15, 2011 11:30pm
more sellers than buyers' volume.
  • #18,408
  • Mar 15, 2011 11:46pm Mar 15, 2011 11:46pm
UChf:

PA is bouncing along the half number after the decline yesterday. Each bounce up has more activity associated with it than do the pullbacks to lower prices. This leads me to believe that buyers are controlling this consolidtation range and that a move higher will follow.
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  • #18,409
  • Mar 16, 2011 1:51am Mar 16, 2011 1:51am
Quoting traderathome
UChf:

PA is bouncing along the half number after the decline yesterday. Each bounce up has more activity associated with it than do the pullbacks to lower prices. This leads me to believe that buyers are controlling this consolidtation range and that a move higher will follow.
Now I see volume comes for down activity
  • #18,410
  • Mar 16, 2011 2:41am Mar 16, 2011 2:41am
Quoting kimis
Now I see volume comes for down activity
Try to post with chart attached, if possible..

Sonic
  • #18,411
  • Mar 16, 2011 3:13am Mar 16, 2011 3:13am
I thought that TAH's chart is enough, sorry

here it is

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  • #18,412
  • Mar 16, 2011 3:13am Mar 16, 2011 3:13am
I am taking this setup however the only thing that is on my mind is we are in the right time for the trade? Should I wait a little in the mornings for a better setup?
Anyway TP @ around 1.3900 level. SL @ R1 1.4009.
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  • #18,413
  • Mar 16, 2011 3:29am Mar 16, 2011 3:29am
Quoting Sumeet Malik
I am taking this setup however the only thing that is on my mind is we are in the right time for the trade? Should I wait a little in the mornings for a better setup?
Anyway TP @ around 1.3900 level. SL @ R1 1.4009.

GBP/usd is going up, and this pair is correlated with eur/usd.
I would wait until news on 10:30

but thats only my opinion :]
  • #18,414
  • Mar 16, 2011 3:38am Mar 16, 2011 3:38am
Quoting migelus
GBP/usd is going up, and this pair is correlated with eur/usd.
I would wait until news on 10:30

but thats only my opinion :]
We have galore of GBP news coming out in an hour time.. Mkt is timing for the news release...


Sonic
  • #18,415
  • Mar 16, 2011 3:49am Mar 16, 2011 3:49am
Quoting migelus
GBP/usd is going up, and this pair is correlated with eur/usd.
I would wait until news on 10:30

but thats only my opinion :]
Thanks a ton. Yeah the price on EU has been bouncing around and GU is up. I will tighten my stop loss or get out before news if I can.
  • #18,416
  • Mar 16, 2011 4:06am Mar 16, 2011 4:06am
Thanks got out at break even. Will wait for the news

Quoting sonicdeejay
We have galore of GBP news coming out in an hour time.. Mkt is timing for the news release...


Sonic
  • #18,417
  • Mar 16, 2011 4:36am Mar 16, 2011 4:36am
Quoting traderathome
The Sonic R System is all about "seeing" likely support and resistance for ongoing PA.
Fair enough
cut losses short, let profits run.
  • #18,418
  • Mar 16, 2011 4:38am Mar 16, 2011 4:38am
Just for the record: UsdChf has declined to an historic low, with yesterday's 0.91398 well below any previous lows going back more than 20 years!



But, looks as though price might have bottomed now...
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  • #18,419
  • Mar 16, 2011 5:04am Mar 16, 2011 5:04am
I am in short EUR/USD again Lets see...
  • #18,420
  • Mar 16, 2011 5:22am Mar 16, 2011 5:22am
Quoting Sumeet Malik
I am in short EUR/USD again Lets see...
I'm with you in this.
"Being picky only cost your time - not MONEY"...Hans
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