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Sonic R. System

  • #30,361
  • Feb 6, 2012 10:28pm Feb 6, 2012 10:28pm
LO is in a few hours....
  • #30,362
  • Feb 6, 2012 10:42pm Feb 6, 2012 10:42pm
Quoting futurespeter
unhappy trade!

I did make same trade short before your trade was posted, my stoploss is 1.31415 and I'm happy not beeing piked out! Didn't post this trade before because rr rratio (<1) isn't really good.
Manually closed at 1.31031 for 5 pips, wait for LO ….
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  • #30,363
  • Feb 6, 2012 10:57pm Feb 6, 2012 10:57pm
Quoting traderathome
EU:

Again, entered short (EP= 1.3108).
Hi Master Tah,
The dragon is not pointing down.. May u mind to share the reason to go short? Thanks
  • #30,364
  • Feb 6, 2012 11:01pm Feb 6, 2012 11:01pm
Quoting futurespeter
wow ...
By the looks of the M1 volume-price story, it was a Pump and Dump maneuver. And remember, this is just based on trade count; no telling how large some of those trades at the top were! If we get an M15 SonicR short setup later, I'll have a lot of confidence in it. I'll also be wary of entering until all the big players have had their chance at whipsawing it too; FO, LO and US open BBs,....all of 'em! Then look for entry short.
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  • #30,365
  • Feb 6, 2012 11:04pm Feb 6, 2012 11:04pm
Quoting hellopretty
Hi Master Tah,
The dragon is not pointing down.. May u mind to share the reason to go short? Thanks
Look at the Dragon more closely. It had already started rolling over. The angle was not yet pronounced, but hey, with that whipsaw it wouldn't be.
  • #30,366
  • Feb 6, 2012 11:34pm Feb 6, 2012 11:34pm
GU:

Entered short (EP= 1.5804).
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  • #30,367
  • Feb 6, 2012 11:35pm Feb 6, 2012 11:35pm
Quoting traderathome
By the looks of the M1 volume-price story, it was a Pump and Dump maneuver. And remember, this is just based on trade count; no telling how large some of those trades at the top were! If we get an M15 SonicR short setup later, I'll have a lot of confidence in it. I'll also be wary of entering until all the big players have had their chance at whipsawing it too; FO, LO and US open BBs,....all of 'em! Then look for entry short.
Sir,

We gotta see. High spread bar with big vol may not necessarily stopping vol..It could be a continuation symptom as well..

Yea, see what LO brings..

Sonic
  • #30,368
  • Feb 6, 2012 11:48pm Feb 6, 2012 11:48pm
Quoting sonicdeejay
Sit,

We gotta see. High spread bar with big vol may not necessarily stopping vol..It could be a continuation symptom as well..

Yea, see what LO brings..

Sonic
Good point. Looking at the ongoing volume/price senario, however, the highest trading is at the highs and coming off the highs. This is a pattern for shorting. But I'm not trading this now on the volume/price senario interpretation. I'll wait for the Wave, Dragon, Trend and yes, even the possible London session whipsaws, before considering any trade.

Yea, see what LO brings.., good advice as always, Master.
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  • #30,369
  • Feb 7, 2012 12:53am Feb 7, 2012 12:53am
UChf:

Entered long (EP= 0.9203).
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  • #30,370
  • Feb 7, 2012 1:12am Feb 7, 2012 1:12am
Quoting traderathome
EU:

Again, entered short (EP= 1.3108).
EU:

Moved SL higher due to FO volatility.
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  • #30,371
  • Edited 2:09am Feb 7, 2012 1:45am | Edited 2:09am
Market Comment:

Across the board the FO BBs are putting on anti-USD moves. These moves are on relatively high volume, but light volume overall. I interpret these moves as disengenuous, meaning the BBs are pushing prices so they have the advantage of switching positions ahead of the USD high impact releases coming; one today and one in two days and two in three days. Also, in two days there are high impact releases coming on EUR, GBP, CHF, etc. Something is up. Not necessarily because of these scheduled releases, but due to this sudden whipping of prices across the board at this particular time.

I have removed SLs from my trades due to this volatility, so all my trades are still running; red now, but we will see.

This is speculation. But I am the only one to get hurt if I am wrong.
  • #30,372
  • Feb 7, 2012 1:53am Feb 7, 2012 1:53am
[quote=traderathome;5360825]If you increase the input "DST_Server_GMT_Offset", the vLines will shift right on the chart. If you

Hi Traderathome
Thanks for quick reply.
Problem solved. but before set correct number at DST server GMT offset.
I had to set Separators_On true to false. then set true later.
Otherwise just putting number at DST s GMT o doesn't make vLine anymove.
Thanks again Traderathome. I admire your dedication to help people to make better trader.
I keep listening your words.
Santorini
  • #30,373
  • Feb 7, 2012 2:17am Feb 7, 2012 2:17am
AU:

Entered short on M1 (EP= 1.0798).
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  • #30,374
  • Feb 7, 2012 2:20am Feb 7, 2012 2:20am
Quoting sonicdeejay
Sir,

We gotta see. High spread bar with big vol may not necessarily stopping vol..It could be a continuation symptom as well..

Yea, see what LO brings..

Sonickers
This is where volume creates confusion for me personally. Kindly Sonic can you highlight when it means continuation and when it can mean stopping volume. I had a good trade running on EUR USD and closed it too early seeing a big bar and big volume.
Can you kindly highlight any clues from your experience when to ignore volumes when in a trade.

Regards
Mohamed
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  • #30,375
  • Edited 3:04am Feb 7, 2012 2:53am | Edited 3:04am
Quoting adler
This is where volume creates confusion for me personally. Kindly Sonic can you highlight when it means continuation and when it can mean stopping volume. I had a good trade running on EUR USD and closed it too early seeing a big bar and big volume.
Can you kindly highlight any clues from your experience when to ignore volumes when in a trade.

Regards
Mohamed
In case the Master is busy at work, I'll take a stab at answering. I'm sure Sonic won't mind, and he can follow with his own reply also.

A tall volume bar can come at the beginning, middle area and end of a run. When a tall bar seems to be starting the price on a move, how do we know if that will be the only bar; beginning, middle and end all in one bar? If there comes two such bars, how do we know if the second is in the middle, or if it is the last?

The answers to these kinds of questions we do not have. There is no way of knowing, as it is happening. The Sonic R. System is based on Wave, Dragon, Trend and S&R. The past volume picture, however, can lend support or not, to a current setup. If you see good stopping volume at previous lows, then maybe a current long setup looks even better. Or if you see good stopping volume at previous highs, then maybe a current short setup looks even better. If you see a strong "starting" volume on a recent move up (maybe in the previous day) and since then price has ranged, but now is setting up for a long, then maybe that long setup looks even better, etc.

In other words, past volume sometimes supports a current setup, and sometimes does not. But volume is always only a secondary factor, and should not be used as the reason for a trade. Nor should a trade be discarded for lack of past volume support; things can change, and rapidly so. Supporting volume is a plus to the trade. The lack of it is not a minus to the trade.
  • #30,376
  • Feb 7, 2012 3:00am Feb 7, 2012 3:00am
Good for long? first leg not crossing dragon..
any other points i miss out?
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  • #30,377
  • Feb 7, 2012 3:36am Feb 7, 2012 3:36am
Quoting hellopretty
Good for long? first leg not crossing dragon..
any other points i miss out?
There is no clear setup yet. If a setup does occur, it could be for a short trade, because that drive up had the heaviest trading activity at the highest prices. That is a sign of closing longs and/or shorting. Speculative, yes. And nobody know what is going to happen. But for now, there is no clear Sonic R. System setup.

So, we have two charts with opposing viewpoints. Either could turn out.
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  • #30,378
  • Feb 7, 2012 4:36am Feb 7, 2012 4:36am
Quoting traderathome
AU:

Entered short on M1 (EP= 1.0798).
Is I below dragon in m15 TF?

I do not see short set up??

Sonic
  • #30,379
  • Feb 7, 2012 4:38am Feb 7, 2012 4:38am
Quoting hellopretty
Good for long? first leg not crossing dragon..
any other points i miss out?
Not bad I must say,? Ur SL shouldn't be higher than previous swing low, 1.309x

Now chk out for TP at overhead PPZ zone..

And the mkt will decide..

Sonic
  • #30,380
  • Feb 7, 2012 5:04am Feb 7, 2012 5:04am
My USDCHF long, Am i on the right track?
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