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Sonic R. System

  • #29,501
  • Jan 4, 2012 5:19am Jan 4, 2012 5:19am
Quoting jdtrader


Pfizer was charging something ridiculous $600-$800/month in pills for Plavix. Last month it came out of patent. Now generics selling it for $5 a month. Corporate greed? Why sell to people taking all their social security trying to get $600-$800 when it is costing you literally 25 cents to distribute if .... oh wait....we should be happy they sell these to us for $800 a month instead of 25 cents because well they tell us we need it....and to help with this, they would also like research money to find another thing we need!

FACT Did...
I must admit that I pick the wrong example, what I want to say is that the stock market has played its role to shape the world we see today. As you say, the current stock market has developed in a wrong way. The parties that IMHO must be blamed for the current stock market condition are the IBs. They create complex financial derivatives, and by doing so the gain big amount of profit. Having tons of money they could drive regulators to their side, the game isn't fair if you could pay the referee.

If investors leave the stock market at current condition, this would make companies suffer from tight liquidity. To deal with it they would be cutting cost, one of the first step they would take is to cut jobs. Guess where the jobs that they would cut? I bet it wouldn't be overseas. The cure for this condition is on regulators hands, they could passed an act to further limit IBs movements and overseas investments.

Back to the thread topic, I am waiting for SonicR setup in EurUsd pair. I belive if price go lower, the dragon would be facing down. (My laptop run out of battery power while I put Entry, SL and TP lines) Now I am waiting for TP2.

PS: I am not US citizen, save for a patriotic one. But I have my concerns on the current US condition. if US economy turn for the worst, it would spread to other countries. Here in my country, foreign investment also deteriorate the jobs market. Foreign companies introduce contract system where the employee didn't get anything beside their salary, which they pay less.
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  • #29,502
  • Jan 4, 2012 5:33am Jan 4, 2012 5:33am
I am waiting for SonicR setup on GbpUsd pair, put my entry a little below because the dragon on h1 chart still face upwards and to avoid resistance level at 1.5065.
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  • #29,503
  • Jan 4, 2012 6:50am Jan 4, 2012 6:50am
hello everyone,

will try to short S&P index as per attached pic.
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Patience is the key.
  • #29,504
  • Jan 4, 2012 7:01am Jan 4, 2012 7:01am
Passerby, your English is very good for not being US!
  • #29,505
  • Jan 4, 2012 7:42am Jan 4, 2012 7:42am
EU:

Entered long on M1 (EP= 1.2957), with heavy volume on price move up thru Dragon. I sense price is stabalizing at these lows attained by the rapid drive down, but I could be wrong.

It is interesting that the sudden move down today fully retraced the move up yesterday. And with no "astounding" news reasoning a strengthening of the dollar, or a weakening of the euro, this looks suspicious. A lot more volume was involved in getting the rise yesterday, than the drop today. Therefore, it is possible that the BBs simply slammed the price back to yesterday's starting gate, and are loading up again for the next trip back up.
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  • #29,506
  • Jan 4, 2012 7:48am Jan 4, 2012 7:48am
That bar that opened at London session, I believe that is what they call to be a shakeout bar. Designed to trap traders that are going long. Lot's of volume on that bar.
  • #29,507
  • Jan 4, 2012 8:11am Jan 4, 2012 8:11am
Quoting traderathome
EU:

Entered long on M1 (EP= 1.2957), with heavy volume on price move up thru Dragon. I sense price is stabalizing at these lows attained by the rapid drive down, but I could be wrong.

It is interesting that the sudden move down today fully retraced the move up yesterday. And with no "astounding" news reasoning a strengthening of the dollar, or a weakening of the euro, this looks suspicious. A lot more volume was involved in getting the rise yesterday, than the drop today. Therefore, it is possible that the BBs simply slammed the price back...
I don't see that long set up tah. Even on the M1. PA is not going up.
  • #29,508
  • Jan 4, 2012 8:14am Jan 4, 2012 8:14am
eu/uchf trade closed gbp SL hit.
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  • #29,509
  • Jan 4, 2012 8:16am Jan 4, 2012 8:16am
@jdtrader: English is universal language, I think that spending some time to learn a bit won't hurt.

If SonicR setup develop in UsdJpy pair with HL near the resistance line of the decending triangle pattern, I think it would be a good trade for long position.
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  • #29,510
  • Jan 4, 2012 2:26pm Jan 4, 2012 2:26pm
Quoting traderathome
EU:

Entered long (EP= 1.3042).
EU:

Stopped out with 21 pips loss, EP to SL.
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  • #29,511
  • Edited 3:11pm Jan 4, 2012 2:49pm | Edited 3:11pm
Quoting Flamegs23
I don't see that long set up tah. Even on the M1. PA is not going up.
You're correct, not a setup. Just based on "no reason" for the sudden drop, and looking for high "stopping volume" that might signal the floor area, where PA might base and then go back on up. It was "off the cuff", not wise, and should not have been posted because it was not Sonic R.

I apologize.

Now, having said that, late session PA is showing some rebound strength. There is a M5 wave with Dragon up, and a conservative Sonic R. EP just a tad lower than my earlier impulsive "guess" entry. Unfortunately, the day being over, shouldn't expect much.

-tah
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  • #29,512
  • Edited 7:27pm Jan 4, 2012 6:56pm | Edited 7:27pm
Quoting sonicdeejay
EU 1.308x is a lvl to watch..
I have seen big vol coming in whenever it nears..

I will be bearish until the lvl is broken..

Sonic
24 hrs later..

TOld cha..

Inserted Video



Sonic
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  • #29,513
  • Jan 4, 2012 8:29pm Jan 4, 2012 8:29pm
Hey Sonic, What setting do you use, or is it your MT4 service provider? That huge stopping volume did not come up on my MT4 platform, and the parameters are the same; SonicR VSA (20, 10, 1.38).

It rarely shows up on my EU, stopping volume that is. Bagged 40 pips during this run... And allot of reentries within it.
  • #29,514
  • Jan 4, 2012 9:20pm Jan 4, 2012 9:20pm
same here, ive also check the volume patterns its totally different from yours master sonic.
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  • #29,515
  • Jan 4, 2012 9:24pm Jan 4, 2012 9:24pm
mine's the same as Sonic'

my broker is go markets aust.
  • #29,516
  • Jan 4, 2012 9:27pm Jan 4, 2012 9:27pm
Sonikers, as has been mention, oh so often here, forex volume comes to you thru your broker server data feed and is soley the volume thru the broker server, not the entire market volume. That is why you encounter different VSA histograms when comparing one broker server chart to that of anther broker server chart.
  • #29,517
  • Jan 4, 2012 9:37pm Jan 4, 2012 9:37pm
Quoting traderathome
Sonikers, as has been mention, oh so often here, forex volume comes to you thru your broker server data feed and is soley the volume thru the broker server, not the entire market volume. That is why you encounter different VSA histograms when comparing one broker server chart to that of anther broker server chart.
When you are talking about Volume, I presume you are talking about the number of transactions taking place, and not the size of such transactions?
  • #29,518
  • Jan 4, 2012 11:36pm Jan 4, 2012 11:36pm
Quoting Musashi
When you are talking about Volume, I presume you are talking about the number of transactions taking place, and not the size of such transactions?
Of course. That also has been explained over and again here. Forex volume is only broker server volume, and it is only a count of the number of trades, not the actual volume of currency involved with those trades.
  • #29,519
  • Jan 5, 2012 12:30am Jan 5, 2012 12:30am
Quoting traderathome
Of course. That also has been explained over and again here. Forex volume is only broker server volume, and it is only a count of the number of trades, not the actual volume of currency involved with those trades.
Yes, a rather large thread with lots and lots of information... plenty of charts to refer to as well..

Can I ask you what is your most profitable pattern/price setup that you have found?
  • #29,520
  • Jan 5, 2012 1:23am Jan 5, 2012 1:23am
Quoting Musashi
Yes, a rather large thread with lots and lots of information... plenty of charts to refer to as well..

Can I ask you what is your most profitable pattern/price setup that you have found?
Well, I have found the most profitable pattern/price setup is to buy at the lows and sell at the highs, but that is not what the Sonic R. System is about. You might find the answer to the better question by starting with Post#1. Read all the linked material there. And read the first 50 or so of Sonicdeejay's posts. Then jump to the end of the thread and read the last few months of all posts.
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