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Sonic R. System

  • #27,141
  • Oct 3, 2011 3:25pm Oct 3, 2011 3:25pm
Quoting nando_rich
Seem stopping vol in H1...if the current candle don't close bellow the last candle, could be confirmed.




Regards,
Nando.
did you really see that on 1H chart?
hmmm ok good luck then


aligater
born to speculate
  • #27,142
  • Edited 11:03pm Oct 3, 2011 8:35pm | Edited 11:03pm
Quoting FelixFX
this is how its looking for me
From your graph:
The wave is very clear and the sonic ep is there
I see the gap. It should be a good resistant.

Why my data does not have the gap

Best,
Fractal
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Follow the smart money. Follow the probability.
  • #27,143
  • Oct 3, 2011 9:37pm Oct 3, 2011 9:37pm
So is it still important to look at vol or is it good enuf to observe the the breakout during EUR timezone?

If vol is important, are there any good guides/books that I can read more to understand how it works?

Can anyone pls advice me on this? A million thanks...
  • #27,144
  • Oct 3, 2011 10:05pm Oct 3, 2011 10:05pm
Quoting N_Trader
So is it still important to look at vol or is it good enuf to observe the the breakout during EUR timezone?

If vol is important, are there any good guides/books that I can read more to understand how it works?

Can anyone pls advice me on this? A million thanks...
As DD said, vol is not necessary yet maybe useful for someone.
It's your own choice.
BO often has high vol while pivot often low <--- my understanding
Sonic is the master of vol. You can find the clues in the thread.


Best,
Fractal
Attached Image
Follow the smart money. Follow the probability.
  • #27,145
  • Oct 3, 2011 10:36pm Oct 3, 2011 10:36pm
Quoting Fractal
As DD said, vol is not necessary yet maybe useful for someone.
It's your own choice.
BO often has high vol while pivot often low <--- my understanding
Sonic is the master of vol. You can find the clues in the thread.


Best,
Fractal
Thanks Fractal. Pls pardon my ignorance as i'm still quite new to trading. I am learning a lot from you guys here and I really appreciate the sharing and all
  • #27,146
  • Oct 4, 2011 6:23am Oct 4, 2011 6:23am
Quoting N_Trader
So is it still important to look at vol or is it good enuf to observe the the breakout during EUR timezone?

If vol is important, are there any good guides/books that I can read more to understand how it works?

Can anyone pls advice me on this? A million thanks...
You have three friends on the chart: price action, volume and time. Everyhing else you can display is derived from PA so do not underestimate their importance. As Tom Williams says in his book "Master the Markets", to use a chart without volume data is similar to buying an automobile without a gasoline tank. Don't forget that volume means activity - activity of professional traders (this is true on the centralized futures market; volume you see in the spot forex market is limited to the volume of order-flow generated by the accounts your broker has). Ask yourself why are they active now? Price and volume are intimately linked in a complex way. The volume spread analysis gives you the accurate answer and points out how you can benefit from this interrelation.

Worth considering them in your trading decisions - if your strategy can use them (like Elliott Wave Theory does).

The book is here: http://www.tradeguider.com/mtm_251058.pdf

All the best
Mind the gap
  • #27,147
  • Oct 4, 2011 6:56am Oct 4, 2011 6:56am
Hi,

I'm new to this thread an system.
Hoping to become a Sonicer someday soon.

In the meantime here is some indicators for JForex platform.

bye
JoeTuga
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File Type: zip sonc_4_jforex.zip   34 KB | 689 downloads
  • #27,148
  • Oct 4, 2011 7:05am Oct 4, 2011 7:05am
Everyone is waiting for the big news?


Fractal
Follow the smart money. Follow the probability.
  • #27,149
  • Oct 4, 2011 7:09am Oct 4, 2011 7:09am
Quoting Sunbrella

Worth considering them in your trading decisions - if your strategy can use them (like Elliott Wave Theory does).

The book is here: http://www.tradeguider.com/mtm_251058.pdf

All the best
The examples in that book are too much tradeguider oriented.

here are 2 more. Google for them:
- The_Secret_Science_of_Price_and_Volume
- "The Undeclared Secrets That Drive Stock Market" by Tom William
- basically the content as Sunbrella's link but without tradeguider stuff.


Bye
JoeTuga
  • #27,150
  • Oct 4, 2011 7:24am Oct 4, 2011 7:24am
Hi here my first setup

See a lot of buy momentum. Let see how the market decides!


Bye
Joe tuga
Attached Image
  • #27,151
  • Oct 4, 2011 7:58am Oct 4, 2011 7:58am
Quoting JoeTuga
Hi,

I'm new to this thread an system.
Hoping to become a Sonicer someday soon.

In the meantime here is some indicators for JForex platform.

bye
JoeTuga

thx for the indis. Im duka trader too
Poshcom
  • #27,152
  • Oct 4, 2011 8:43am Oct 4, 2011 8:43am
Quoting JoeTuga
The examples in that book are too much tradeguider oriented.

here are 2 more. Google for them:
- The_Secret_Science_of_Price_and_Volume
- "The Undeclared Secrets That Drive Stock Market" by Tom William
- basically the content as Sunbrella's link but without tradeguider stuff.


Bye
JoeTuga
Hi Joe,

You guys are awesome!!! I have learnt so much by reading these threads. I have a qn concerning your setup. Can you help to enlighten me?

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  • #27,153
  • Oct 4, 2011 8:49am Oct 4, 2011 8:49am
Quoting Sunbrella
You have three friends on the chart: price action, volume and time. Everyhing else you can display is derived from PA so do not underestimate their importance. As Tom Williams says in his book "Master the Markets", to use a chart without volume data is similar to buying an automobile without a gasoline tank. Don't forget that volume means activity - activity of professional traders (this is true on the centralized futures market; volume you see in the spot forex market is limited to the volume of order-flow generated by the accounts your broker...
thanks for sharing Sun 100% appreciated!!
  • #27,154
  • Oct 4, 2011 9:00am Oct 4, 2011 9:00am
Quoting JoeTuga
Hi here my first setup

See a lot of buy momentum. Let see how the market decides!


Bye
Joe tuga
what about this????
Attached Image
  • #27,155
  • Oct 4, 2011 9:30am Oct 4, 2011 9:30am
that is the Question.
  • #27,156
  • Oct 4, 2011 9:31am Oct 4, 2011 9:31am
Hey guys,

I'm no expert at this, have been digging a lot in this thread and i'm tired by read so many posts. Also i've been reading some stuff about VSA lately. So i'm trying to learn (DEMO only) this system which i believe is great.

Why did I shown my long setup? From a VSA (still learning) approach and from my little knowledge about it. All the signs were at the chart.

I saw stopping volume. A huge buying momentum (those big green histobar. don't quote me for that.... Start using that indy)
We had a big panic sell yesterday. Also if you watch the chart there is a strong supported that seem to have been tested and reject. That means a lot of buying pressure at that level.

That was my interpretation of if. The market seemed to have moved up. I was lucky. But it could turn the other side. A I believe this move is just a big retracement so far.

Also the EUR meeting so far seem to have positive reactions. But i guess they won't last long. Overall I bet in a downtrend.

Hope this explanation makes sense. If not I wish some senior Sonic would correct me.

I prefer to think I was lucky. Let see how my next setups play.

In the next ones i'll try to explain what was thinking before placing the orders.


Buy
JoeTuga
  • #27,157
  • Oct 4, 2011 9:39am Oct 4, 2011 9:39am
EURUSD seems to have taken the long side of things, but what would be the correct way to draw your LL and HL and look at volume to predict/call this upward movement?
  • #27,158
  • Oct 4, 2011 9:44am Oct 4, 2011 9:44am
Anyone has a take on this?
  • #27,159
  • Oct 4, 2011 9:50am Oct 4, 2011 9:50am
TP hit :-))

Look at bottom orange dashed line, that was the support line I was talking about.

Also notice that top orange line, is was a previous resistance level i was watching, it seem turned into to support.

Here is another view. This is a 11pip range bar chart of the same trade. A like to have this range bar chart at hand.

Bye
JoeTuga
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  • #27,160
  • Oct 4, 2011 10:53am Oct 4, 2011 10:53am
Quoting JoeTuga
TP hit :-))

Look at bottom orange dashed line, that was the support line I was talking about.

Also notice that top orange line, is was a previous resistance level i was watching, it seem turned into to support.

Here is another view. This is a 11pip range bar chart of the same trade. A like to have this range bar chart at hand.

Bye
JoeTuga

Well done
I missed the big move

Best,
Fractal
Follow the smart money. Follow the probability.
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