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Sonic R. System

  • #34,921
  • May 16, 2012 1:24am May 16, 2012 1:24am
Quoting andyvxr
Technically yes it is.

Have a look at the red bar on pretty high volume in the asia session tho.

Its a downbar closing near the high, Smart Money, or BB as TAH calls them are buying in that bar, im looking for longs cos of this bar
Thx Andy..am not too good wid Volumes yet..cud u explain a little more pls
MM
  • #34,922
  • May 16, 2012 1:27am May 16, 2012 1:27am
Best thing to tell you is weakness occurs on upbars and strength on downbars.

So the bar i mentioned is a strong bar, look on your chart for high volume as that is when the BB's are in play.

Then analysis the bar the high volume was on, and see how it closed.

If you get stuck ask, but you can drill into a 5 minute timeframe to see in more depth what the BB's are doing.


Quoting Mymoney
Thx Andy..am not too good wid Volumes yet..cud u explain a little more pls
  • #34,923
  • May 16, 2012 1:30am May 16, 2012 1:30am
Quoting Mymoney
Sort EP -2698...fingers crossed
Testing the RWL now..if it brks thru... I wil be
MM
  • #34,924
  • May 16, 2012 1:31am May 16, 2012 1:31am
Quoting andyvxr
Best thing to tell you is weakness occurs on upbars and strength on downbars.

So the bar i mentioned is a strong bar, look on your chart for high volume as that is when the BB's are in play.

Then analysis the bar the high volume was on, and see how it closed.

If you get stuck ask, but you can drill into a 5 minute timeframe to see in more depth what the BB's are doing.
If I understand correctly..if it closes green then the BBs want the price to go up.. is it ?
MM
  • #34,925
  • May 16, 2012 1:35am May 16, 2012 1:35am
No, the colour only indicates if the bar volume is climatic, remember certain red downbars are strong i.e. to go long in time, the one that printed in the asia session is a strong bar, i wouldnt short here because of that as sometimes the BB's push price down again to trick you to go short and then it will get shot back up and away we go !

Time will tell

Please bear in mind that the rally down is pretty big now.

Quoting Mymoney
If I understand correctly..if it closes green then the BBs want the price to go up.. is it ?
  • #34,926
  • May 16, 2012 1:39am May 16, 2012 1:39am
Quoting traderathome
GU:

Entered short (EP=1.5988). The BBs drove this up with the GBP high impact release, while others are falling against the USD. Makes me think the drive up was overdone and probably more shorting at the top, which may have been the idea behind the drive in the first place. This is a Scout trade, and higher risk than SonicR.
GU:

Manually closed this old trade for 38 pips gain EP= 1.5988 to close= 1.5950.
Attached Image (click to enlarge)
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  • #34,927
  • May 16, 2012 1:49am May 16, 2012 1:49am
Quoting traderathome
EU:

This is the M5 Dragon-Trend on M15. I am stalking a pre-LO counter-trend SonicR long setup. This is a very preliminary depiction of a PA wave off a possible double bottom. PA could continue down, however with the run yesterday some pullback is likely.
TAH, are there instructions/rules on how to use the dragon on different time frames? I am still clueless on this
  • #34,928
  • May 16, 2012 1:50am May 16, 2012 1:50am
Quoting andyvxr
No, the colour only indicates if the bar volume is climatic, remember certain red downbars are strong i.e. to go long in time, the one that printed in the asia session is a strong bar, i wouldnt short here because of that as sometimes the BB's push price down again to trick you to go short and then it will get shot back up and away we go !

Time will tell

Please bear in mind that the rally down is pretty big now.
thx andy...
MM
  • #34,929
  • May 16, 2012 1:54am May 16, 2012 1:54am
TAH ...sud we consider short if it brks te RWL
MM
  • #34,930
  • May 16, 2012 2:15am May 16, 2012 2:15am
Quoting Immvp
TAH, are there instructions/rules on how to use the dragon on different time frames? I am still clueless on this
Hey, man. It is just a matter of selecting "true" or "false" in the external inputs window. You need to experiment to see what happens. Best way to learn.
  • #34,931
  • May 16, 2012 2:23am May 16, 2012 2:23am
Quoting Mymoney
TAH ...sud we consider short if it brks te RWL
EU:

Looks like stopping volume/liquidity creation move down to build long positions on M15. I am still anticipating a pullback upwards.
  • #34,932
  • May 16, 2012 2:27am May 16, 2012 2:27am
Great minds think alike !

Quoting traderathome
EU:

Looks like stopping volume/liquidity creation move down to build long positions on M15. I am still anticipating a pullback upwards.
  • #34,933
  • May 16, 2012 2:28am May 16, 2012 2:28am
Quoting traderathome
EU:

Looks like stopping volume/liquidity creation move down to build long positions on M15. I am still anticipating a pullback upwards.
As brilliant as always.

Stopping vol do not stop for few days now..

Sonic
  • #34,934
  • May 16, 2012 2:28am May 16, 2012 2:28am
Quoting traderathome
EU:

Looks like stopping volume/liquidity creation move down to build long positions on M15. I am still anticipating a pullback upwards.
Thanx TAH...these inputs frm u and Master Sonic & the other good guys is what makes this thread a great place..
MM
  • #34,935
  • Edited 4:31am May 16, 2012 2:33am | Edited 4:31am
Quoting sonicdeejay
As brilliant as always.

Stopping vol do not stop for few days now..

Sonic
I can't tell if you are being sarcastic, and think Eur will drop more

I think USD gets stopped at 82 as that was the plan along, its almost there, and Eur has pretty much hit its H&S target (could go more actually) and pretty much tested its Weekly support. jmho and what I have been thinking for a long time and have been trading

Of course, a pullback from 82 might only be a "rest" and fib retrace, no one knows, as usual, maybe it even stops here, everything has had quite nice runs for sure
  • #34,936
  • May 16, 2012 2:35am May 16, 2012 2:35am
Quoting traderathome
Hey, man. It is just a matter of selecting "true" or "false" in the external inputs window. You need to experiment to see what happens. Best way to learn.
Yea, I know there is a selection on the True and False but I still do not know how to properly trade with that. Hopefully you will give us more insights on how to trade with dragons on different time frames. Thanks
  • #34,937
  • May 16, 2012 3:22am May 16, 2012 3:22am
EU Long
EP = 1.2715
SL = 1.2678
TP = 1.2768

This trade is 75% influenced by TAH :
"Sonicers, this sudden liquidity creation drive down to build a long position just messed up the PA waveform depicted for a possible SonicR long setup. Nevertheless, it is significant in that speaks volumes about bullish intent by the market, imho. So, stalking for a long breakout is still viable." and
"Looks like stopping volume/liquidity creation move down to build long positions on M15. I am still anticipating a pullback upwards" .
The other 25% is from sonicR setup 5m TF.

Ur words are very reasonable for me . I'm 100% agree with u, but i must wait for the setup first (safe trading).
Thx to u TAH

Attached Image (click to enlarge)
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  • #34,938
  • May 16, 2012 3:54am May 16, 2012 3:54am
Quoting Conorado
EU Long
EP = 1.2715
SL = 1.2678
TP = 1.2768

This trade is 75% influenced by TAH :
"Sonicers, this sudden liquidity creation drive down to build a long position just messed up the PA waveform depicted for a possible SonicR long setup. Nevertheless, it is significant in that speaks volumes about bullish intent by the market, imho. So, stalking for a long breakout is still viable." and
"Looks like stopping volume/liquidity creation move down to build long positions on M15. I am still anticipating a pullback upwards" .
The other...
let ur trade influenced by system rules, I see no long yet
  • #34,939
  • May 16, 2012 4:06am May 16, 2012 4:06am
Something Big picture to keep an eye on
Attached Image (click to enlarge)
Click to Enlarge Name: eur1.GIF Size: 35 KB
  • #34,940
  • May 16, 2012 4:06am May 16, 2012 4:06am
Quoting alkenany
let ur trade influenced by system rules, I see no long yet
agree alkenany..dragon still pointing downward
MM
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