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Sonic R. System

  • #18,421
  • Mar 16, 2011 3:46am Mar 16, 2011 3:46am
Quoting kimis
what a movments during the asian session...
yes, a great movement. Maybe, that what is happening in japan is affecting.
  • #18,422
  • Mar 16, 2011 4:02am Mar 16, 2011 4:02am
at last it started to move, slowly

market is very lazy today
  • #18,423
  • Mar 16, 2011 4:23am Mar 16, 2011 4:23am
H4 TF...

This is my FXCM MT4 demo looks like... Does it show the same in you chart as well???
If the vol indication is true..we are still in the uptrend..

post ur H4 chart..too

Sonic
Attached Image (click to enlarge)
Click to Enlarge Name: shi.gif Size: 44 KB
  • #18,424
  • Mar 16, 2011 4:59am Mar 16, 2011 4:59am
Quoting traderathome
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?

TAH..

Pls share tamplate and indi...

will ya?

Simply love it,,

http://www.forexfactory.com/attachme...1&d=1300248652
  • #18,425
  • Mar 16, 2011 5:11am Mar 16, 2011 5:11am
Quoting sonicdeejay
TAH..

Pls share tamplate and indi...

will ya?

Simply love it,,

http://www.forexfactory.com/attachme...1&d=1300248652
Yes, I will Sonic!

I am in final stages of preparing another release of Sonic R System indicators and template. This time it will be, as you see, of a cleaner, more simple form. And when I do release them, perhaps you can fix post #1 to provide an additional link to the releasing post, as another alternative for Sonikers.

Patience, Master! Just a few more things to iron out.....
  • #18,426
  • Mar 16, 2011 5:15am Mar 16, 2011 5:15am
Quoting sonicdeejay
H4 TF...

This is my FXCM MT4 demo looks like... Does it show the same in you chart as well???
If the vol indication is true..we are still in the uptrend..

post ur H4 chart..too

Sonic
not absolutely the same, but there are some similarities. could be so that PA can retest last bounce from 1.3860 area ?

Attached Image (click to enlarge)
Click to Enlarge Name: sonic eurusd h4 03161400.jpg Size: 105 KB
  • #18,427
  • Mar 16, 2011 5:22am Mar 16, 2011 5:22am
.
Attached Image (click to enlarge)
Click to Enlarge Name: EU.gif Size: 32 KB
  • #18,428
  • Mar 16, 2011 5:29am Mar 16, 2011 5:29am
Quoting sonicdeejay
H4 TF...

This is my FXCM MT4 demo looks like... Does it show the same in you chart as well???
If the vol indication is true..we are still in the uptrend..

post ur H4 chart..too

Sonic
My FXDD H4 TF chart is shifted by an hour or two from yours, due to different broker server time zone implementation, so the chart is not identical. It does not show the spike your chart has, which may be due only to the fact of being that of a different broker and size client base.

Look at the HLs seqence. While there is good volume showing on both bull and bear candles, PA has made only a lower high. Lets see if PA drops thru the central pivot. That might be a clue, considering the time of the day (early US session, and last of London session).
Attached Image(s) (click to enlarge)
Click to Enlarge Name: shi.gif Size: 44 KB
Click to Enlarge Name: # 790.gif Size: 28 KB
  • #18,429
  • Mar 16, 2011 5:41am Mar 16, 2011 5:41am
Got out at breakeven from the EUR/USD short. Now PA is asking for a long. GBP/USD is also up.
  • #18,430
  • Mar 16, 2011 5:48am Mar 16, 2011 5:48am
Lots of supply absorbing going on @ 1.396x area..
If it is successfully ovecome..it should shoot up...


Sonic
Attached Image (click to enlarge)
Click to Enlarge Name: shi.gif Size: 36 KB
  • #18,431
  • Mar 16, 2011 6:02am Mar 16, 2011 6:02am
Quoting Sumeet Malik
Got out at breakeven from the EUR/USD short. Now PA is asking for a long. GBP/USD is also up.
Still not sure for long. it even can come nice short setup if PA will go down and will close lower of dragon.

for long PA should make HL and go up to have confirmed setup
Attached Image (click to enlarge)
Click to Enlarge Name: sonic eurusd 03161500.jpg Size: 133 KB
  • #18,432
  • Mar 16, 2011 6:07am Mar 16, 2011 6:07am
Hi Sonicmaster,

if you don't mind I would like to ask a basic question regarding your PA/volume reading.

How do you choose which bias lies behind the increasing volume?
I get your latest point of supply absorbing.
But could also be fair enough to read it like PPMs delivering the demand of people who are long biased.

Does this question make sense?
My point is: How can you differenciate an increasing volume? When does it give a hint for long bias / short bias.

Quoting sonicdeejay
Lots of supply absorbing going on @ 1.396x area..
If it is successfully ovecome..it should shoot up...


Sonic
  • #18,433
  • Mar 16, 2011 6:16am Mar 16, 2011 6:16am
Hi Sonicmaster,

if you don't mind I would like to ask a basic question regarding your PA/volume reading.

How do you choose which bias lies behind the increasing volume?
I get your latest point of supply absorbing.
But could also be fair enough to read it like PPMs delivering the demand of people who are long biased.

I use vol reading as my secondary... It interested me when I see vol spike in. It doesn't show up or down..


Does this question make sense?
My point is: How can you differenciate an increasing volume? When does it give a hint for long bias / short bias.

I use Price Action (Wave analysis and Dragon) to enter trade..
  • #18,434
  • Mar 16, 2011 6:18am Mar 16, 2011 6:18am
Quoting sonicdeejay
H4 TF...

This is my FXCM MT4 demo looks like... Does it show the same in you chart as well???
If the vol indication is true..we are still in the uptrend..

post ur H4 chart..too

Sonic
The Oanda Chart shows similar volume. IMO, these volume cause by the event of Japan nuclear fare, it's not much importance in TA. I agree with TAH that, the PA of H4 shows 'top heavy', It is in decition area, has 50/50 bull/bear chance.

I start building short pisitions, as fare may drive the money park into the US bond.

regard
Attached Image (click to enlarge)
Click to Enlarge Name: eu 4h.jpg Size: 84 KB
seeing through
  • #18,435
  • Mar 16, 2011 6:31am Mar 16, 2011 6:31am
Hi Sonicmaster,

if you don't mind I would like to ask a basic question regarding your PA/volume reading.

How do you choose which bias lies behind the increasing volume?
I get your latest point of supply absorbing.
But could also be fair enough to read it like PPMs delivering the demand of people who are long biased.

I use vol reading as my secondary... It interested me when I see vol spike in. It doesn't show up or down..

I understand that it is only your secondary "indicator" + PA is key
BUT: you interpreted the last vol spikes in favor of EU long. (supply absorbing)
My question still is: How can you see the latest vol spikes are supply absorbing but not demand delivering?
In my eyes it can be either way... so no clue from vol. spikes at all?!

Does this question make sense?
My point is: How can you differenciate an increasing volume? When does it give a hint for long bias / short bias.

I use Price Action (Wave analysis and Dragon) to enter trade..
  • #18,436
  • Mar 16, 2011 6:34am Mar 16, 2011 6:34am
Quoting sonicdeejay
Hi Sonicmaster,

if you don't mind I would like to ask a basic question regarding your PA/volume reading.

How do you choose which bias lies behind the increasing volume?
I get your latest point of supply absorbing.
But could also be fair enough to read it like PPMs delivering the demand of people who are long biased.

I use vol reading as my secondary... It interested me when I see vol spike in. It doesn't show up or down..


Does this question make sense?
My point is: How can you differenciate an increasing volume? When does it...

In my view, the volume is just like the body count in the bettlefield. when the PA go up pass through the important S/R with higher than average volume, then the bull won the bettle decisively, it's more likely the bull army will continue march north.
on the other side, if the PA get resisted and drop from important S/R with high vol, that mean the bear has defence well, they may trace the toward south.

when we see high vol, that means there was big bettle, whoever won, then that's the bias. sometime we also see draw bettle (range trade)

hope it helps.
seeing through
  • #18,437
  • Mar 16, 2011 6:38am Mar 16, 2011 6:38am
Quoting bennyFX
Hi Sonicmaster,
I understand that it is only your secondary "indicator" + PA is key
BUT: you interpreted the last vol spikes in favor of EU long. (supply absorbing)
My question still is: How can you see the latest vol spikes are supply absorbing but not demand delivering?
In my eyes it can be either way... so no clue from vol. spikes at all?!
I just presume that it can be determind as DD/SA volume according open/close price position, in other word bulish/bearish candle. but let the master speak
  • #18,438
  • Mar 16, 2011 6:41am Mar 16, 2011 6:41am
Quoting pipphunter
In my view, the volume is just like the body count in the bettlefield. when the PA go up pass through the important S/R with higher than average volume, then the bull won the bettle decisively, it's more likely the bull army will continue march north.
on the other side, if the PA get resisted and drop from important S/R with high vol, that mean the bear has defence well, they may trace the toward south.

when we see high vol, that means there was big bettle, whoever won, then that's the bias. sometime we also see draw bettle (range trade)

hope...
thank you for explanation. I think this is the way you have to think about it.
  • #18,439
  • Mar 16, 2011 6:46am Mar 16, 2011 6:46am
Hi Sonicmaster,

if you don't mind I would like to ask a basic question regarding your PA/volume reading.

How do you choose which bias lies behind the increasing volume?
I get your latest point of supply absorbing.
But could also be fair enough to read it like PPMs delivering the demand of people who are long biased.

I use vol reading as my secondary... It interested me when I see vol spike in. It doesn't show up or down..

I understand that it is only your secondary "indicator" + PA is key
BUT: you interpreted the last vol spikes in favor of EU long. (supply absorbing)
My question still is: How can you see the latest vol spikes are supply absorbing but not demand delivering?
In my eyes it can be either way... so no clue from vol. spikes at all?!
That is what my vol is telling me..and it has proven me wrong many time before..

That y if I want to Long, I will wait for wave and sonic dragon trigger..
  • #18,440
  • Mar 16, 2011 6:57am Mar 16, 2011 6:57am
GU:

Entered short here. TP is tentative.
Attached Image (click to enlarge)
Click to Enlarge Name: # 793.gif Size: 33 KB
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