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Sonic R. System

  • #35,181
  • May 22, 2012 5:39am May 22, 2012 5:39am
[quote=Slider20;5688663]
Quoting chinaboy911

You're right, mine was too short. I drew it like you have last week, but I apparently forgot

I guess we're still looking right for a move up then. Seems there are lots of "little things" that point to a potential move up. Time will tell.
I am starting to think that we will have a horizontal movement for a few days.. Hope I'm wrong..
  • #35,182
  • May 22, 2012 6:50am May 22, 2012 6:50am
Quoting andyvxr
All the bars with arrows to them are all upbars on high volume or higher volume than bars around them, all closing middle or low.

The second arrow across from the left has next bar down selling.
I was not watching Eur to be honest, and easy to say now, but I see many wicks on all those Candles and some on higher volume.

Not sure if it was 'selling' per se, but I am seeing what Andy is pointing out.
  • #35,183
  • May 22, 2012 6:59am May 22, 2012 6:59am
Well I mentioned I did not like this USD H&S, and still can't put my finger on exactly why. Maybe it was just PA, as I have been watching this and Gold closely, or the support just under. My money was on Gold weakness, as that is what I see big picture, and small picture. So far so good, took some off for now, might try and re-enter.

So this is a confirmed failed H&S for USD, since it broke out and backtested BUT then recaptured the Neckline and closed above it.

Gold's was successful, target reached. Note Gold, there was NO backtest of the Neckline (actually depends where you draw it and which TF), this sometimes happens for much faster moving Instruments, sometimes the SPX will do this as well. This is why I enter on a confirmed break of a NL and not wait for a backtest. Worse case I might get out near BE, best I reach target.

USD bigger picture still confounds me, and I'll bet it does most, but it's still an uptrend, til its not
Attached Image(s) (click to enlarge)
Click to Enlarge Name: USD.GIF Size: 40 KB
Click to Enlarge Name: USD Daily.GIF Size: 44 KB
Click to Enlarge Name: Gold.GIF Size: 37 KB
  • #35,184
  • May 22, 2012 7:03am May 22, 2012 7:03am
Many thanks, just something i notice when i look into the candle and volume together, just my opinion, im not right all time tho, but we'll see how it pans out.

Quoting jayjonbeach
I was not watching Eur to be honest, and easy to say now, but I see many wicks on all those Candles and some on higher volume.

Not sure if it was 'selling' per se, but I am seeing what Andy is pointing out.
  • #35,185
  • May 22, 2012 7:13am May 22, 2012 7:13am
A couple of things to be very careful of on the really big picture, EUR and USD

82 is big for USD, potentially really big
Attached Image(s) (click to enlarge)
Click to Enlarge Name: fut_chart.png Size: 46 KB
Click to Enlarge Name: fut_chart (7).png Size: 39 KB
  • #35,186
  • May 22, 2012 7:17am May 22, 2012 7:17am
Quoting andyvxr
Many thanks, just something i notice when i look into the candle and volume together, just my opinion, im not right all time tho, but we'll see how it pans out.
One thing is for sure I think, we have all noticed that watching Volume has been tricky of late. How many times has stopping volume not worked for our friend Eur.

If those Weekly charts I posted execute, they may be no stopping Eur, at all
  • #35,187
  • May 22, 2012 7:21am May 22, 2012 7:21am
I ran a test on stopping volume couple of months ago, as an exit of my trades, and my god it was rubbish, only thing it did at best was knock the market sideways, but then the trend continue, it is getting very hard to read at the moment.


Quoting jayjonbeach
One thing is for sure I think, we have all noticed that watching Volume has been tricky of late. How many times has stopping volume not worked for our friend Eur.

If those Weekly charts I posted execute, they may be no stopping Eur, at all
  • #35,188
  • May 22, 2012 7:29am May 22, 2012 7:29am
Quoting traderathome
EU:

This might be an inverted H&S. Jayjonbeach might let us know for sure. If so, I foresee possible move up to RDH, maybe higher. But only if the neckline is broken upwards; best if in conjunction with SonicR long setup. That might not be until the London session since right now the Dragon is angled down. No telling if, or when.
This was a very small H&S.

One thing about these, once a Neckline has broken out, if price closes back under/over (breached) in the TF you are watching you should always consider the pattern failed and the move a fakeout. This coincides with the USD fakeout.

Remember too - "A failed signal, is MORE reliable than the original one" - Jack Schwager
Attached Image (click to enlarge)
Click to Enlarge Name: Eur.GIF Size: 38 KB
  • #35,189
  • May 22, 2012 7:45am May 22, 2012 7:45am
Exited my shorty

Banked 50 pips

Gotta go out, be back laters homies
Attached Image (click to enlarge)
Click to Enlarge Name: 22-05-2012 13-43-20.jpg Size: 249 KB
  • #35,190
  • May 22, 2012 7:47am May 22, 2012 7:47am
Quoting andyvxr
Exited my shorty

Banked 50 pips

Gotta go out, be back laters homies

Chill Homie..
http://legitimatenews.files.wordpres...t_up_homie.jpg

Sonic
  • #35,191
  • May 22, 2012 8:08am May 22, 2012 8:08am
Quoting sonicdeejay
I have 3 screens on my monitor... (15 or 5M TF, 1H TF, 4H TF)
4H TF to determine my general trend bias and PA.
1HTF for S&R levels, PA

15M or 5M for entry.....

Here is an example of how reliable the PA can be (look at t grey boxes)..
I normally pay more attention on Engulfing candles, hammer or hanging man..,,

Sonic
Please share sonicslopedirectional indicator please

Thank you
Price is a everything!
  • #35,192
  • May 22, 2012 8:28am May 22, 2012 8:28am
Quoting trader48
Please share sonicslopedirectional indicator please

Thank you

NO longer using but if u insist..

Sonic
Attached File(s)
File Type: mq4 Fractal Support and Resistance.mq4   2 KB | 838 downloads
File Type: mq4 Sonic_Ind_v2.2.mq4   8 KB | 819 downloads
File Type: ex4 Sonic_Slope.ex4   3 KB | 773 downloads
File Type: mq4 Slope Direction Line.mq4   4 KB | 821 downloads
  • #35,193
  • May 22, 2012 8:47am May 22, 2012 8:47am
Quoting sonicdeejay
NO longer using but if u insist..

Sonic
Sonic, if you're placing a trade on a longer time frame like H1, is it still important to enter during the London session, or can you enter anytime?
  • #35,194
  • May 22, 2012 9:27am May 22, 2012 9:27am
Quoting sonicdeejay
NO longer using but if u insist..

Sonic
Thank you very much my friend

Quick reply
Price is a everything!
  • #35,195
  • May 22, 2012 9:28am May 22, 2012 9:28am
Quoting Slider20
Sonic, if you're placing a trade on a longer time frame like H1, is it still important to enter during the London session, or can you enter anytime?
Unless ur in D1 TF or higher.
Trading during Asia session carry more risk with low liquidity.

Sonic
  • #35,196
  • May 22, 2012 9:38am May 22, 2012 9:38am
Quoting sonicdeejay
Unless ur in D1 TF or higher.
Trading during Asia session carry more risk with low liquidity.

Sonic
I don't think I have the patience for D1 trades, so I'll stick to the London session. Thanks!
  • #35,197
  • May 22, 2012 10:11am May 22, 2012 10:11am
Afternoon Guys and Girls.

My thinking now on my return to the devils market.

Potential longs on recent 5 minute bars.

Chart Attached.
Attached Image (click to enlarge)
Click to Enlarge Name: 22-05-2012 16-08-42.jpg Size: 245 KB
  • #35,198
  • May 22, 2012 10:23am May 22, 2012 10:23am
Added a 5 minute chart showing the buying in the downbars, high volume showing this in the bars arrowed for you guys.

The buying is by the Smart Money, also notice the next bars after the downbars are upbars, which suggests this too.

Again just what im seeing.
Attached Image (click to enlarge)
Click to Enlarge Name: 1.jpg Size: 232 KB
  • #35,199
  • May 22, 2012 11:39am May 22, 2012 11:39am
EP:1.2733
TP:1.2687(+46pips)
SL:1.2777(-44pips)
R:R 1:1
Attached Image (click to enlarge)
Click to Enlarge Name: eu m15.gif Size: 35 KB
What Goes Up Must Come Down, But When?
  • #35,200
  • May 22, 2012 12:46pm May 22, 2012 12:46pm
EP: 1.0204
TP: 1.0225(+21 pips)
SL: 1.0184(-20 pips)
Attached Image (click to enlarge)
Click to Enlarge Name: usdcad m15.gif Size: 34 KB
What Goes Up Must Come Down, But When?
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