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Sonic R. System

  • #19,961
  • May 4, 2011 7:06am May 4, 2011 7:06am
Quoting bennyFX
This may be a very useful observation.

The "cup" pattern like you call it makes total sense if you take a look behind the scenes. First high volume is needed to stop the current downtrend + Smart Money is opening their hands and are collecting.
After ranging sitewards increasing volume is needed again to push PA outside the range and start the new run.

I will watch out for more CUPs
Your explanation makes sence, thank you.
This pattern cought my eye yesterday when we had a similar volume formation during the long Sonic R setup on EU.
  • #19,962
  • Edited 8:03am May 4, 2011 7:25am | Edited 8:03am
Quoting sonicdeejay
Looking fir valid Long .. Let's march to EU 1.5... Who is with me ,,,

Sonic
39 hours later..
Row, row, row the boat...

Sonic
  • #19,963
  • May 4, 2011 7:57am May 4, 2011 7:57am
EU: moved SL of 2nd trade to 1.4850 (+30 from entry), will try to trail it following lower Dragon line
  • #19,964
  • May 4, 2011 8:02am May 4, 2011 8:02am
Quoting sonicdeejay
I am home now..This was how it triggered...
TP1 hitted..SL now longer at it orginial place,,it is @ BE now...TP2 is 1.490x

Sonic
TP2 hitted..SL @ BE as usual...Super free ride for now..

Inserted Video


Sonic
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  • #19,965
  • May 4, 2011 8:13am May 4, 2011 8:13am
Quoting sonicdeejay
TP2 hitted..SL @ BE as usual...Super free ride for now..

http://www.youtube.com/watch?v=Ty0u1PzXfTo

Sonic
Didn't you save any profit yet on this trade? Just SL @ BE? good lucky for you on this great rally...1.50x seem coming soon.

Congrats...and nice call like always.
"Being picky only cost your time - not MONEY"...Hans
  • #19,966
  • May 4, 2011 8:14am May 4, 2011 8:14am
Quoting kimis
well.. impresive volume increase during price travel up

Attachment

p.s. closed 1st part at 1.4850 (+30pip) after sharp turn back, rest SL@BE

Hey Kimis, I like your chart, pretty clean, btw what indicator you using for those market hours at the bottom right on your chart and how did you place it there in volumes indicator. Would you mind sharing please.

Thanks
  • #19,967
  • May 4, 2011 8:38am May 4, 2011 8:38am
Waiting HL for NSD/USD setup.
  • #19,968
  • May 4, 2011 8:54am May 4, 2011 8:54am
can't keep it not shared

Inserted Video
  • #19,969
  • May 4, 2011 8:58am May 4, 2011 8:58am
Quoting nando_rich
Didn't you save any profit yet on this trade? Just SL @ BE? good lucky for you on this great rally...1.50x seem coming soon.

Congrats...and nice call like always.
Huh? told u i have taken TP2....

Sonic
  • #19,970
  • May 4, 2011 9:04am May 4, 2011 9:04am
ISM news not so good...
Move my SL up near 1.487xx...

Sonic
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  • #19,971
  • May 4, 2011 9:16am May 4, 2011 9:16am
Quoting sonicdeejay
ISM news not so good...
Move my SL up near 1.487xx...

Sonic
Do you expect pullback below 1.49 after such bad news?
  • #19,972
  • May 4, 2011 9:30am May 4, 2011 9:30am
Quoting kimis
Do you expect pullback below 1.49 after such bad news?
I dont think so,,but nothing can be sure...
Just to maximize my profit this time...

Row .. Row .. Row the boat..

Sonic
  • #19,973
  • May 4, 2011 9:52am May 4, 2011 9:52am
EU: SL at +50 pips hit. +30pips per 1st and +50pips per 2nd trade.
week with no loss continues
  • #19,974
  • May 4, 2011 10:05am May 4, 2011 10:05am
AU:

55 pips profit on this SonicR short trade.
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  • #19,975
  • May 4, 2011 10:13am May 4, 2011 10:13am
EU:

This pair is back down into the range after a shit-load of "volume" at the highs above the whole number.
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  • #19,976
  • May 4, 2011 10:30am May 4, 2011 10:30am
EG:

Entered short.
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  • #19,977
  • May 4, 2011 10:48am May 4, 2011 10:48am
well. one more question for masters of system - how do you treat such fast moves through dragon with almost no waves or even ripples?

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  • #19,978
  • May 4, 2011 10:58am May 4, 2011 10:58am
Quoting kimis
well. one more question for masters of system - how do you treat such fast moves through dragon with almost no waves or even ripples?

Attachment
Wadda ya mean, "....no waves...."!
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  • #19,979
  • May 4, 2011 11:03am May 4, 2011 11:03am
I mean that PA rebounded from resistance and went straight through dragon.

ok, we can wait now for some pull-up to make short setup.

ah man, you tradin m1 again
  • #19,980
  • May 4, 2011 11:10am May 4, 2011 11:10am
Quoting kimis
I mean that PA rebounded from resistance and went straight through dragon.

ok, we can wait now for some pull-up to make short setup.

ah man, you tradin m1 again
No, not trading M1. But seriously, you can sometimes drop to a lower TF to view what is happening with price relative to the Dragon, as well as get good clues from "volume". During the most active time of the day, M5 can show good, slightly early entry areas. And M1 is excellent for seeing if a high M15 bar of volume was volume mostly at the top or bottom of the price spread during that M15 TF.

My EU trade is still running as a short, waiting for the inevitable.

(One of these days, Sonic's "stopping volume" is going to turn out to be REVERSAL volume!)
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