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Sonic R. System

  • #29,081
  • Edited 12:33pm Dec 19, 2011 11:47am | Edited 12:33pm
Quoting Quezoy
Was this not a legitimate short entry?

http://shrani.si/f/1m/DV/3UzDQehK/1.jpg
I'd not have traded this. If I did, I'd have let PA drop a bit more to clear previous lows before entering short, sort of as confirmation of direction.

The reason I'd not have traded this short at all is......why bother to enter a trade when the range low mark for the day is 12 pips away? Seems pointless.

Next question. Why are you using the separate TzPivotsD indy when that code is included in the SonicR Chart Panel, .....not only included, but streamlined and improved for Sonic R.? My suggestion to you is to use a less cluttered chart, and one that includes the vertical market open times (also included in the SonicR Chart Panel). Eliminate the CCI. Both the CCI and QQE are lagging technical indicators, and are not nearly so revealing as the PA waves interacting with support and resistance, which is what the focus should be on.
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  • #29,082
  • Dec 19, 2011 11:51am Dec 19, 2011 11:51am
Quoting suspula
Hello everyone. What GMT settings set in pivots indicator?My broker is using Londons GTM time.
Attachment
The SonicR Chart Panel includes both broker/server pivots and pivots based on a shift to any other time zone from that of the broker server.

As the releasing post states, you need to read the user notes in the compile of the indicator to learn all about setting it up properly.

Follow the instructions in the post that released the indicator!
Then follow the instructions in the compile of the indicator!
  • #29,083
  • Dec 19, 2011 12:40pm Dec 19, 2011 12:40pm
Geezzz I wonder if the markets are manipulated in any way
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"The future is already written in the past"
  • #29,084
  • Dec 19, 2011 12:45pm Dec 19, 2011 12:45pm
Quoting traderathome
I'd not have traded this. If I did, I'd have let PA drop a bit more to clear previous lows before entering short, sort of as confirmation of direction.

The reason I'd not have traded this short at all is......why bother to enter a trade when the range low mark for the day is 12 pips away? Seems pointless.
Yeah, I saw that range low, but... Seems like a very clear no-trade, when you hear it like that.

Quoting traderathome
Next question. Why are you using the separate TzPivotsD indy when that code is included in the SonicR Chart Panel, .....not only included, but streamlined and improved for Sonic R.? My suggestion to you is to use a less cluttered chart, and one that includes the vertical market open times (also included in the SonicR Chart Panel).
I use TZ pivots just for pivot midpoints which are not included (I dont see them) in the chart panel.

About the cluttered chart... I agree, but Im a newbie and still playing around with setups to find what suits me.

Could you tell me, how you put the pivots/ranges on the right side of the chart, as you have it?
Thoughts are things
  • #29,085
  • Dec 19, 2011 12:46pm Dec 19, 2011 12:46pm
Quoting hansma
Geezzz I wonder if the markets are manipulated in any way
Gee, Hansma, are you saying that possibly "some people" had some gold they wanted to sell at previous highs, and "somehow" got the price back to those highs to do it?

What is the world coming to?!

Or, are you saying "these people" sold gold off for profit, then quickly drove the price down so they could buy it back, then supported the climb back to their selloff price zone again, and sold again?
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  • #29,086
  • Dec 19, 2011 12:52pm Dec 19, 2011 12:52pm
Quoting traderathome
Gee, Hansma, are you saying that possibly "some people" had some gold they wanted to sell at previous highs, and "somehow" got the price back to those highs to do it?

What is the world coming to?!
The
"The future is already written in the past"
  • #29,087
  • Dec 19, 2011 12:54pm Dec 19, 2011 12:54pm
AU:

I have an open trade on this.

I have entered trade #2 long (EP=0.9926).

The last drive down today presents an attractive opportunity to enter a second long trade for several reasons. Price is now at the original EP area of the PA wave off of the lows last week. Also, the lows attained by this last drive down are higher than the lows in the asian session earlier. Furthermore, the PA bounce in the asian session was up off of a whole number. Finally, a second bounce up here could put PA on track to construct a new bullish wave. Oh, and as regards volume, this last drive down, just as in the asian session, has been on very high relative volume, as though the BBs are taking advantage to trade the falling the price (i.e. higher volumes at the lowered prices). The BBs persisted with the drive down, right up to the end of the London session, as though needing to take advantage of the lowered prices now.

So, here are some unanswered questions.....

Is the price going to begin a trend back up before these BBs next come back to trade?

The range today is less than half of average, so far. Were the London BBs afraid when the aussies start trading again, they'll drive the price up?

Is that why the price was under constant pressure to attain lows right up to the end of the London session?

.......There is speculation here, so be aware of that.
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  • #29,088
  • Edited 2:18pm Dec 19, 2011 1:36pm | Edited 2:18pm
AU:

Interesting stuff here.

1. PA is back down in EP zone of a first PA wave up from the lows last week.
2. This is also a support/resistance area.
3. PA has today tested this SR twice, and bounced up twice.
4. PA has broken up thru a TL, come back to test it, and has bounced up.
5. There was uncustomary high asian volume at the first test of SR today.
6. There is relatively high volume this part of the US session as the price remains just above the support and the TL!

It could go either way, at any time from now to sometime next London session. To me, it continues looking very bullish.

Comments, anyone?

Edit: BBs just spiked it down again, on high volume (based on lower TF volume display). So now, if this starts upwards anytime from now forward, I am very bullish on it. This spike down, however, messed up that nice possible opportunity for a new bullish PA wave. Need now to let PA come up and then down one more time for a new higher low.....
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  • #29,089
  • Dec 19, 2011 2:34pm Dec 19, 2011 2:34pm
Market Comment:

Notice how now, in the late part of the US session, prices are suddenly moving (example: down)?

Now, if we were well monied trading outfits trying to build a position for what we believed was due to come, and we had the price where we wanted it for our position building trading, would we move the price? No.

If we did invest some of our money to work the price away from where it was, would we be doing so to try and "send off" the price and make our positions profitable now? Or, would we be working the price to another level that makes continued position building potentially even more profitable? The latter, because why waste money now to trigger the run when we can wait until later and let the "market" do that for us! We'd use our resources to try and move the price to a level even more advantageous for continued position building, not waste it on prematurely triggering a run.

So, these moves (down) are BBs grabbing for even cheaper (longs). And they are doing this because they believe prices are going (higher). And if they believe that to the extent they have just moved prices (down) on a number of pairs, then prices probably are going (higher).

And why now, in the late US session? Speculation, but maybe it is just US BBs doing this now that they have the market to themselves, because now there are not a lot of other big monied outfits actively trading which could interfere with what the US BBs are doing,....make it less profitable for the US BBs, which would be the case if other "competitors" were active and trying also to grab a piece of the "action" as prices move.

WARNING: Speculation.
  • #29,090
  • Dec 19, 2011 2:55pm Dec 19, 2011 2:55pm
Could someone tell me how to plot pivot midpoints with the chart panel?
Thoughts are things
  • #29,091
  • Dec 19, 2011 4:25pm Dec 19, 2011 4:25pm
Quoting traderathome
AU:

Interesting stuff here.

1. PA is back down in EP zone of a first PA wave up from the lows last week.
2. This is also a support/resistance area.
3. PA has today tested this SR twice, and bounced up twice.
4. PA has broken up thru a TL, come back to test it, and has bounced up.
5. There was uncustomary high asian volume at the first test of SR today.
6. There is relatively high volume this part of the US session as the price remains just above the support and the TL!

It could go either way, at any time from now to sometime next...
maybe this....
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"The future is already written in the past"
  • #29,092
  • Dec 19, 2011 6:25pm Dec 19, 2011 6:25pm
Quoting Quezoy
Yeah, I saw that range low, but... Seems like a very clear no-trade, when you hear it like that.



I use TZ pivots just for pivot midpoints which are not included (I dont see them) in the chart panel.

About the cluttered chart... I agree, but Im a newbie and still playing around with setups to find what suits me.

Could you tell me, how you put the pivots/ranges on the right side of the chart, as you have it?
The mid-pivots and scale display on right side of chart will be in next release.
  • #29,093
  • Edited 6:57pm Dec 19, 2011 6:41pm | Edited 6:57pm
Quoting hansma
maybe this....
Well, yes I see your point about filling the gap. But I have a Daily chart gap up on 09-13-2010 to 0.9287 that has yet to be filled also. So, there is no necessity for immediate gap filling. This could go higher beforehand.
  • #29,094
  • Edited 9:21pm Dec 19, 2011 8:11pm | Edited 9:21pm
EU:

This looks like a short setup. But it isn't.

1. Not London session.
2. PA at whole number that has been a support area for many days (and the longer, the stronger).
3. Large trading interest (volume) at lows in yesterday's asian and US sessions.
4. It could go lower, but even if it does it might be short lived and only because some BB is running stops and triggering wrong side orders to grab cheaply for a true move higher.

WARNING: Speculation.
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  • #29,095
  • Dec 19, 2011 8:34pm Dec 19, 2011 8:34pm
TAH,

you forgot to put "warning:speculation" n your post especially when it refers to point no.7

hehe...zzzz....asia session plus xmas around the corner. bored to death.
  • #29,096
  • Dec 19, 2011 8:48pm Dec 19, 2011 8:48pm
Quoting sorsurus
TAH,

you forgot to put "warning:speculation" n your post especially when it refers to point no.7

hehe...zzzz....asia session plus xmas around the corner. bored to death.
Thanks. Edited post to fix that.
  • #29,097
  • Dec 19, 2011 10:05pm Dec 19, 2011 10:05pm
GU:

Here is a nice picture of a SonicR long setup representing a bounce up off the whole number area. Hard to say if a run up will be initated before FO/LO, still several hours away. PA could be pulled back down and not rise again until the London session. But this is bullish so long as PA stays above the Dragon.
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  • #29,098
  • Dec 19, 2011 10:29pm Dec 19, 2011 10:29pm
AU:

Also looking bullish in the asian session.
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  • #29,099
  • Dec 19, 2011 10:37pm Dec 19, 2011 10:37pm
EU:

Now starting to look bullish and, as with GU, a bounce up off the whole number area that has acted as support for days.
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  • #29,100
  • Dec 19, 2011 11:08pm Dec 19, 2011 11:08pm
Quoting traderathome
GU:

This is almost a setup now. PA is on north side of Dragon, even on north side of Trend Line. Dragon is angling up. And we are in the London session. Two things.....

1. Best EP might be as PA moves up thru central pivot.
2. US session has not started. When it does, there might be a pullback.

......therefore, it might be best to wait for the US open and see how PA shakes out?
This is a great explanation of entry analysis...thank you for this and I'm sure others are appreciate also!
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