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Sonic R. System

  • #32,781
  • Mar 28, 2012 9:06pm Mar 28, 2012 9:06pm
Quoting traderathome
Actually, if you examine the M30 (better to see previous SR) volume-price relationships, you will see that the FO/LO involved concentrated activity down/up which centers approximately around the 3/4 level. This is where the US activity picked up, also.

So, there was concentrated activity twice during the day, in and around that same level. One view is that today's entire range is just the playing field for the profiteers to entice in longs while they go short. In which case, a much bigger move down might be coming. And, seeing as how this tends...
When you have some time, would you please post white M15 chart with vol, as just want to check my vol with your chart.
It seem like your high activity was not that high for my chart from price high 27-Mar.
And also yesterday bounce at 1.328x region was high vol for me but did not see this in your last chart.

As the price did not go down to my region 325x-326x overnight, I manually exit the short at 1.3320 during early Asian for +30pips, nett +23pips from earlier short SL.
This is in case Asian go into range.
As soon as I exit, it went down another 10pips immediately.
Lousy profit taking on my part.

Just noticed there was a mid-pivot point 1.3280, that bounced clearly yesterday, and that should have been an ideal profit taking spot, and I did not take notice of it when it happened.
And high volume coming in that price 1.3280 show price up with buyers.

Now need to wait for cycle to re-start to enter either Long/Short.
  • #32,782
  • Mar 28, 2012 9:28pm Mar 28, 2012 9:28pm
Quoting foxybunny
When you have some time, would you please post white M15 chart with vol, as just want to check my vol with your chart.
It seem like your high activity was not that high for my chart from price high 27-Mar.
And also yesterday bounce at 1.328x region was high vol for me but did not see this in your last chart.

As the price did not go down to my region 325x-326x overnight, I manually exit the short at 1.3320 during early Asian for +30pips, nett +23pips from earlier short SL.
This is in case Asian go into range.
As soon as I exit, it went down another...
Here is the chart you requested, actually, three of them: Alpari, FXDD and IBfx.
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  • #32,783
  • Mar 28, 2012 9:41pm Mar 28, 2012 9:41pm
Quoting traderathome
UChf:

Here is one that might present a SonicR long re-entry trade before next LO. The asian session sometimes gets the start on this pair. And, as you can see from the chart, PA has broken out from a range. Nobody knows if there will be a pullback to "test" the top of the range as now being support, but it could happen if the BBs want to try another "liquidity creation" drive down before any next strong leg up.
UChf:

Price has retraced and now we have another wave. EP would be just several pips after price breaks up thru the top of the range.
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  • #32,784
  • Edited 9:59pm Mar 28, 2012 9:46pm | Edited 9:59pm
Quoting traderathome
We don't trade with incomplete information, or with information that is outside the charts. We trade the Sonic R. System: Dragon, Trend and a little bit of volume, all configured right at the right place in time.
Sorry I read from you..........

Quote
What's not clear? I said I was entering early (compared to a SonicR entry) due to the volume story as I saw it! I said the higher prices for the day were getting the highest trading (buy low, sell high). It was not a SonicR entry, and I stated that fact and explained why I was making the entry. What could be more clear?

But its OK !
Iīm new in FF but I was been in trading for more than 7 years.
I know and you know "always" retail traders have incomplete information.
Always information outside the chart ( report, News, Central Banks, etc ) change the analysis from the chart.
We trade one or more "systems" - We can trade SonicR , but the environment exist.
I donīt want discuss - apologize if you feel uncomfortable
  • #32,785
  • Mar 28, 2012 10:00pm Mar 28, 2012 10:00pm
Quoting successlife
Sorry I read from you..........
What are you trying to communicate? You post neither a statement nor a question.
  • #32,786
  • Mar 28, 2012 10:27pm Mar 28, 2012 10:27pm
Quoting traderathome
Here is the chart you requested, actually, three of them: Alpari, FXDD and IBfx.

Thank you TAH.

Do you find any noticeable differences between Alpari, FXDD and IBfx in terms of their vol?

When you have 3 brokers to look at, which one do you really look at?

I am using Alpari, so comparing to your Alpari chart.

Please look at my chart with the up arrow around price 1.3280, that was the Highest volume for the day.

I am not using SonicR VSA Vol indicator, have not really look into its logic.
Wondering why this indicator is not showing some colour bars at this highest volume ??

If can show this colour bar, it could make it easier to see it to be a Potential Stop Vol.

Attached Image

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  • #32,787
  • Mar 28, 2012 10:51pm Mar 28, 2012 10:51pm
Quoting traderathome
What are you trying to communicate? You post neither a statement nor a question.
Sorry again, But I donīt post any question.
I make a comments in relationship with your chart analysis.
If I remember right, FF is for exchange ideas not statement.
Always we can discuss about the market. We can share point of view.
Talk about next trade.
Please donīt take personal.
  • #32,788
  • Edited Mar 29, 2012 12:05am Mar 28, 2012 11:49pm | Edited Mar 29, 2012 12:05am
Quoting traderathome

Such things as SR, TLs and pivots are good for "anticipating" where price might pause or reverse, should it ever get there, but never as a predictor that it will get there!
This is very wise advice and something we all need to try and remember myself included for sure.

I would add, though, that when price is "close" to a very important and significant level be it TL or SR, over the years I found that more often than not, that level will be tested.

That doesn't take away from the main point though which is a very important one the Turtles taught way back when:

Never try to predict the market direction, instead look for the current "state" and trade accordingly.
  • #32,789
  • Mar 28, 2012 11:54pm Mar 28, 2012 11:54pm
Quoting DmitryFX
Sure! As you said before "too late for short too early for long"
So, I'm waiting for good setup. And, as i see, it's comming
Opportunities for long has gone. Now it's range. I am waiting for new possibilities.
Everything is possible!!! Step by Step...
  • #32,790
  • Mar 29, 2012 12:02am Mar 29, 2012 12:02am
Quoting successlife
Sorry again, But I donīt post any question.
I make a comments in relationship with your chart analysis.
If I remember right, FF is for exchange ideas not statement.
Always we can discuss about the market. We can share point of view.
Talk about next trade.
Please donīt take personal.
Sure, not taking it personal. I just don't understand what you were trying to say.
  • #32,791
  • Mar 29, 2012 12:03am Mar 29, 2012 12:03am
Quoting successlife
Sorry again, But I donīt post any question.
I make a comments in relationship with your chart analysis.
If I remember right, FF is for exchange ideas not statement.
Always we can discuss about the market. We can share point of view.
Talk about next trade.
Please donīt take personal.
Successlife, this is a system thread. By throwing in arbitrary comments, you are undermining the system. The discussion here is about the system and how it is used, also about trades using the system.

You should be commenting in trading discussion or interactive trading.
  • #32,792
  • Mar 29, 2012 12:04am Mar 29, 2012 12:04am
Speaking of Trendlines, the USD did go test its 7 month old trendline again (3rd time, matches Euro) on the Daily chart and price action respected it, for now. Considering that the stock markets and in particular the USA market had a fair move down, I am not seeing the strength in the USD I expected to see at this point.

The EUR/USD was already at its 7 month old trendline 2 days ago and as you can see, nothing has been decided there, its firmly buried on the trendline and IMHO price has not tipped its hand one way or another whether this line will be respected or broken.

Note the last chart. IF the EUR breaks out, confirms the b/o and starts moving up this might be something people will want to keep in mind. The left shoulder is fairly small, but it is a valid pattern none the less.

Just my thoughts cheers and good trading all
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  • #32,793
  • Mar 29, 2012 12:11am Mar 29, 2012 12:11am
Quoting foxybunny
Thank you TAH.

Do you find any noticeable differences between Alpari, FXDD and IBfx in terms of their vol?

When you have 3 brokers to look at, which one do you really look at?

I am using Alpari, so comparing to your Alpari chart.

Please look at my chart with the up arrow around price 1.3280, that was the Highest volume for the day.

I am not using SonicR VSA Vol indicator, have not really look into its logic.
Wondering why this indicator is not showing some colour bars at this highest volume ??

If can show this colour bar, it could make...
High volume is high volume. We don't need any special colors to tell us that! The special colors of VSA do have importance other than just the amount of the volume. The green and red show exceptional activity on the bar, not just the amount of the bar. It takes the amount and the bar spread into account. This is where the "big boys" are at work. The blue bars demonstrate activity well above the average. These are the most telling aspects of volume, most uncomplicatedly shown.

As you can see, different brokers show differently. This is expected. They all show the same "story", however. This too, is expected.
  • #32,794
  • Mar 29, 2012 12:21am Mar 29, 2012 12:21am
Quoting traderathome
The special colors of VSA do have importance other than just the amount of the volume. The green and red show exceptional activity on the bar, not just the amount of the bar. It takes the amount and the bar spread into account. This is where the "big boys" are at work. The blue bars demonstrate activity well above the average. These are the most telling aspects of volume, most uncomplicatedly shown.
Thank you for that explanation, I was not aware of the meaning of the colours.

If I understand correctly you came up w/ this indicator & it looks awesome, anxious to put it to work, thanks again.
(I'm still looking for a suitable trusted broker that accepts Canadian clients, has futures, CFD's, Options, etc what a crappy task I tell ya)
  • #32,795
  • Edited 12:35am Mar 29, 2012 12:23am | Edited 12:35am
Quoting jayjonbeach
Speaking of Trendlines, the USD did go test its 7 month old trendline again (3rd time, matches Euro) on the Daily chart and price action respected it, for now. Considering that the stock markets and in particular the USA market had a fair move down, I am not seeing the strength in the USD I expected to see at this point.

The EUR/USD was already at its 7 month old trendline 2 days ago and as you can see, nothing has been decided there, its firmly buried on the trendline and IMHO price has not tipped its hand one way or another whether this line...
We are looking at more good examples of how charts can be viewed in opposite ways. Meanwhile, those that move the market do so bowing only to one fundamental......greed for profits. Price will go in the direction that makes the profiteers the most profits.

Ok, here is that H&S again. Ops! Hey! Gee! This one is different! It isn't actually a valid H&S, not yet. But it wouldn't take much to complete it. And it points in the opposite direction!

It is really hard to get excited about such stuff. The real pudding is on M15 when the wealthiest market players go to work, regardless of everything and anything else. Their day at work down there can be completely opposite of a person's view garnered from higher TF charts.

Predicting, based on higher TF charts is a waste of time (imho). Hell, predicting based on anything is a waste of time!
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  • #32,796
  • Mar 29, 2012 12:43am Mar 29, 2012 12:43am
Quoting traderathome

Predicting, based on higher TF charts is a waste of time (imho). Hell, predicting based on anything, is a waste of time!
Note that I agreed with you on this point just two posts ago when I quoted the Turtles:

"Never try to predict the market direction, instead look for the current "state" and trade accordingly."

That is why I never said anything like "this pattern will likely complete", or the likes of that. I was only trying to warn people IF the EUR breaks out, and IF it keeps moving up, then and only then would the pattern be something to "watch", nothing more.

Ignoring patterns like this IF and once they complete, would not be wise IMHO if they are on Daily or Weekly charts. I plan on trading SonicR soon, but I will never ignore Price Patterns, I have been trading them for years very profitably.

Thank you for pointing out the opposite one, by the way, IF we start moving back down, it will be something I will want to watch for, IF and when it completes

Cheers
  • #32,797
  • Mar 29, 2012 12:52am Mar 29, 2012 12:52am
UChf:

Entered long (EP= 0.9054).
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  • #32,798
  • Mar 29, 2012 12:55am Mar 29, 2012 12:55am
Quoting traderathome
Predicting, based on higher TF charts is a waste of time (imho). Hell, predicting based on anything is a waste of time!
Anything? Come on now. We couldn't trade at all if that were true. Right? It would truly be gambling at that point.

After all, you are using SonicR to "hopefully" catch a move. James16 is using PA and some TA to hopefully catch a move.

I know what you're saying though
  • #32,799
  • Mar 29, 2012 1:00am Mar 29, 2012 1:00am
Quoting jayjonbeach
Anything? Come on now. We couldn't trade at all if that were true. Right? It would truly be gambling at that point.

After all, you are using SonicR to "hopefully" catch a move. James16 is using PA and some TA to hopefully catch a move.

I know what you're saying though
There is a big difference between thinking.....
1. Because of this (any chart pattern or technical), we can expect that.

....and thinking.....
2. Because of this (SonicR setup & breakout), we have momentum. It might be enough to trade profitably.
  • #32,800
  • Edited 1:27am Mar 29, 2012 1:16am | Edited 1:27am
Quoting traderathome
There is a big difference between thinking.....
1. Because of this (any chart pattern or technical), we can expect that.

....and thinking.....
2. Because of this (SonicR setup & breakout), we have momentum. It might be enough to trade profitably.
That is the key point for sure. "Expecting" something is where many people that trade patterns go wrong, or most things for that matter. As you say, "expecting anything" almost all the time will get you in trouble in most trading situations, staying nimble is critical (and good MM of course).

If someone is going to trade a pattern, you have to "wait" for it to complete and play out, and watch what price action does IF that happens, the ole' trade what you see. When/if the breakout occurs, volume and PA/Momo will tell you whether or not to jump on board at that time. It can be noted that a failed signal or pattern is just as important as a successful one once confirmed, such as a test of a Trendline or a H&S pattern.

So in this sense, I see trading SonicR and trading patterns largely the same, and I plan on combining the two when possible for currencies, just as I do now for Stocks and ETF's, the more reasons I can find to take a trade, the more I like the trade. (I have my own similar version of SonicR based on an EMA Envelope)

My 2 coppers
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