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Sonic R. System

  • #35,641
  • May 30, 2012 2:42pm May 30, 2012 2:42pm
The USD continues to punish all its adversaries, HOWEVER, GOLD, is NOT falling to its knees today during a VERY strong USD rally.

Gold is often a "tell" (not always) so I have this little speculative theory that the basturds know the USD is going to start a pullback tomorrow on all the USD news.

This is PURE speculation only, and, mostly here to give my friend TAH hope

Against this theory, Gold, was at a very important support and if lost, was a sure Death Sentence for it, this was the 3rd test of that Support as well.

In the big picture, either way, the USD WILL close again, for the 2nd week, over its Weekly H&S Neckline, and you already know what I think about that.
  • #35,642
  • May 30, 2012 3:16pm May 30, 2012 3:16pm
Here it is Master,

Day week month open close high low all together.

Enjoy


Quoting sonicdeejay
Gents..

Anyone has week high low close, month hi low close indi??

Sonic
Attached File(s)
File Type: ex4 ohlc.ex4   16 KB | 393 downloads
File Type: mq4 ohlc.mq4   1 KB | 396 downloads
  • #35,643
  • Edited 3:46pm May 30, 2012 3:33pm | Edited 3:46pm
Quoting andyvxr
Long Entry USDCAD 30 Min
Hi Andy. I hope you don't mind a little friendly advice for this trade. The document I have made is very important, and I don't want to post it until I am completely happy with it. I have covered Risk Management, Trade Management, and Money Management, the 3 big M's, as I know there were a few people asking for this kind of advice in this thread.

In the interim, I can offer that your R:R is not very desirable on this trade. I didn't calculate it but it looks like you are risking ~ 90 pips to make ~ 50. This is the exact opposite of how I normally make my own trades. Normally, I want 2:1 RR or more or I will often just pass on a trade. 1:1 minimum for sure and to take 1:1 I really have to believe its going to go my way (more than usually TA evidence). So risk 40 to make 80 would be a rough guide. This is just my very general advice, the reason is just for pure math and for the longevity of an account.

Ignoring the points below, and keeping the above in mind, if I was going to take that trade I would be probably putting my stop below the pivot one step up, at 1.02400 or so, near the bottom of the Dragon M30. 2 things, your R:R is now better, AND if price gets back to this level, it would seem things are not going in favour for the trade anyway and likely the Dragon will be flat or even starting to point down. There are many ways to skin the cat, this is just how I would do it. Having a tighter stop does mean you are more prone to getting kicked out of a trade due to a whipsaw or the like, this is something I live with. If I am at the Computer, and notice it is only a "liquidity spike" (whipsaw) and not a genuine move to the area, I will sometimes remove my stop and take the chance what I am seeing is correct.

Also for the trade, looking at H1, H4, or D1, you can see 1.0300 is a very strong resistance, going back to at least Sept 2011. Most recently on H1, price made it to 1.0305 and was sold off hard on big vol, H4 shows the level to clear a little better (as does D1). So bottom line you are buying into a very strong resistance which of course makes your odds much worse.

Nothing says this trade won't work, its just not one I would take. If the USD keeps on going, price will likely break through this resistance for UC and you'll be Golden. For me, I would be looking for a possible short at a possible Resistance failure, OR, going long if it actually makes it over. In fact, looking at M15 I would have been tempted to take this short if I was "on the ball" earlier on that volume at the important level. It would not have been a Sonic trade however, and as I noted I am trying to avoid USD stuff for the moment.

Anyway those are my 2 Coppers, until I can finalize this document.
Attached Image(s) (click to enlarge)
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  • #35,644
  • May 30, 2012 3:34pm May 30, 2012 3:34pm
Gbp still have big way down, and gbpcad too
Strong cad is coming in june !!!

Quoting okanemici
Hi,

According to the indexes I see weak eur gbp strong cad in the coming days.Also I'm short s&p since 14xx and still wait for a big push down around 1350-1370.The chart is attached.

Regards,

Okan
Attached Image (click to enlarge)
Click to Enlarge Name: gbpcad3.jpg Size: 166 KB
  • #35,645
  • May 30, 2012 3:51pm May 30, 2012 3:51pm
Quoting okanemici
Gbp still have big way down, and gbpcad too
Strong cad is coming in june !!!
I like that little Indy in the top right of your chart, would be grateful if you posted it here.

TIA if you do.

Ps - What are you basing the strong CAD in June on? Seasonality, or?
  • #35,646
  • May 30, 2012 4:08pm May 30, 2012 4:08pm
Quoting okanemici
Here it is Master,

Day week month open close high low all together.

Enjoy
Thanks for posting. I put these in Experts, Indicators, and loaded them on the chart but don't see anything?

Do I need to use a bar chart instead of Candle chart, or what do you think I am missing here?

TIA
  • #35,647
  • Edited 6:06pm May 30, 2012 5:40pm | Edited 6:06pm
Quoting jayjonbeach
Thanks for posting. I put these in Experts, Indicators, and loaded them on the chart but don't see anything?

Do I need to use a bar chart instead of Candle chart, or what do you think I am missing here?

TIA
Actually it should work after restart of mt4.Try this one and here is the other indy on the upper right.
Plus in the inputs menu you should set monthly open close etc , true. If they are set false it wont show that one.

Cheers
Attached File(s)
File Type: ex4 OHLC Alerter.ex4   16 KB | 410 downloads
File Type: ex4 CapitoIntraday.ex4   14 KB | 401 downloads
  • #35,648
  • May 30, 2012 5:57pm May 30, 2012 5:57pm
Hi jayjonbeach,

There are 3 reasons, and all of them altogether makes me positive about it.

1- I count indexes and which pair index gained how much in a month week and day.May winners were the usd and yen , losers were the aud nzd eur chf for may.
This week guess what happened, gbp joined the top losers and cad became the second top gainer .This figures generally continue and with the start of a new week and month I expect stronger cad but will follow indexes.

2-I use 10 50 200 sma crosses on 4h chart to understand a trend or a reversal, cad index had a 10 200 and 50 200 in the beginning of may and dropped until 18 th of may, since then it is having a reversal, this week had a 10 50 cross up and have a steady rise , after 10 200 cross up it will explode and 50 200 will make it a thunderbolt.

3-Finally,this sealed the deal.
End of april I got a flash alert from a trusted broker to sell cad future contract , that time I didnt trust them but it proved to be true.2 days ago same broker send an other alert to buy cad june future, this time I believe I must trust them

As you see I have my reasons + a trusted speculative call, hope it helps

Here is more about how I figure reversals as I figured gbpcad yesterday.

http://www.forexfactory.com/showthre...25#post5701825

Regards,

Okan

Quoting jayjonbeach
I like that little Indy in the top right of your chart, would be grateful if you posted it here.

TIA if you do.

Ps - What are you basing the strong CAD in June on? Seasonality, or?
  • #35,649
  • May 30, 2012 6:28pm May 30, 2012 6:28pm
I wait to short snp at 1350-1370, will be sorry if it cant make it

Quoting okanemici
Hi,

According to the indexes I see weak eur gbp strong cad in the coming days.Also I'm short s&p since 14xx and still wait for a big push down around 1350-1370.The chart is attached.

Regards,

Okan
Attached Image (click to enlarge)
Click to Enlarge Name: snp.jpg Size: 122 KB
  • #35,650
  • May 30, 2012 6:35pm May 30, 2012 6:35pm
Quoting okanemici
Actually it should work after restart of mt4.Try this one and here is the other indy on the upper right.
Plus in the inputs menu you should set monthly open close etc , true. If they are set false it wont show that one.

Cheers
Thanks a bunch, both of these work (other does not).

Now I just have to figure out how to interpret the CapitoIntraday, and what the numbers mean.... For example, right now on EJ, it shows me an UP arrow on H1, with a "44", but meanwhile the trend is down? Maybe it is not what I thought, but I love information so now curiousity is killing me!

Thanks again
  • #35,651
  • May 30, 2012 7:19pm May 30, 2012 7:19pm
This was nothing but a risk off month with usd ,yen strenght, who said it is over yet ! We will see which new horse to play on 4th of june !!!
Attached Image(s) (click to enlarge)
Click to Enlarge Name: nzdyen.jpg Size: 126 KB
Click to Enlarge Name: audyen.jpg Size: 148 KB
  • #35,652
  • May 30, 2012 7:44pm May 30, 2012 7:44pm
Quoting jayjonbeach
For me, I would be looking for a possible short at a possible Resistance failure, OR, going long if it actually makes it over. In fact, looking at M15 I would have been tempted to take this short if I was "on the ball" earlier on that volume at the important level. It would not have been a Sonic trade however, and as I noted I am trying to avoid USD stuff for the moment.
Putting my money where my mouth is, Shorting this based on Res and VSA. They sold more at the highs

EP 1.0308. No TP. Will keep a tight stop on it, 1.0325 (above Jan peak, if it goes above this it will likely go right to 1.0400.

This would be an M1 Scout trade, so really wouldn't normally post it, just the Topic is under discussion so...
  • #35,653
  • May 30, 2012 7:46pm May 30, 2012 7:46pm
Hi Jayjonbeach,

Now ej H1 is red down and reading 11, which is the rsi 3 value of ej H1 , and the other numbers are their rsi 3 readings, cool isnt it ? :nerd:

The idea is when all arrows show the same direction take it !!! Low readings for longs and high readings for shorts is the best

Quoting jayjonbeach
Thanks a bunch, both of these work (other does not).

Now I just have to figure out how to interpret the CapitoIntraday, and what the numbers mean.... For example, right now on EJ, it shows me an UP arrow on H1, with a "44", but meanwhile the trend is down? Maybe it is not what I thought, but I love information so now curiousity is killing me!

Thanks again
  • #35,654
  • Edited 9:36pm May 30, 2012 9:23pm | Edited 9:36pm
Quoting okanemici
Hi Jayjonbeach,

Now ej H1 is red down and reading 11, which is the rsi 3 value of ej H1 , and the other numbers are their rsi 3 readings, cool isnt it ? :nerd:

The idea is when all arrows show the same direction take it !!! Low readings for longs and high readings for shorts is the best
Awesome, thank you for the explaination. RSI is one of the better Indy's, 3 is a very low value, but it depends how someone wants to use it. (and maybe 3 is suitable for Forex, will play around with it) Usually with RSI 2 or 3 in Stocks or ETF's, you can use such an Indy to help you re-enter into a current trend. So if trend is up, and RSI 3 becomes oversold while price pulls back, its one indication that now might be a good time to buy in long.

This takes up very little real estate, its going to stay on my charts thanks again.

P.s - Didn't you mean low numbers better for short? (low strength = weak) Again depends on how someone wants to use it. Really high numbers can indicate overbought levels so ripe for short (maybe how you use it), interpretation and settings all up to each user for sure.
  • #35,655
  • May 30, 2012 9:28pm May 30, 2012 9:28pm
keep trying beibeeh..
eur 10pips sl bet

i'm bored to see football comentatory ,,
Attached Image (click to enlarge)
Click to Enlarge Name: 257244.gif Size: 22 KB
  • #35,656
  • May 30, 2012 10:10pm May 30, 2012 10:10pm
Quoting jasakreatif
keep trying beibeeh..
eur 10pips sl bet

i'm bored to see football comentatory ,,


Too many mistakes trading the sonicr system alone.. You trade with your perception.
  • #35,657
  • May 30, 2012 10:15pm May 30, 2012 10:15pm
Quoting duyk20


Too many mistakes trading the sonicr system alone.. You trade with your perception.
i'm on risk experiment.. 7 mistakes -70pips , let see 2 correct 100pips
i'll count all of my mistakes ,
  • #35,658
  • May 30, 2012 10:25pm May 30, 2012 10:25pm
Quoting jasakreatif
i'm on risk experiment.. 7 mistakes -70pips , let see 2 correct 100pips
i'll count all of my mistakes ,
Good to hear
  • #35,659
  • May 30, 2012 10:37pm May 30, 2012 10:37pm
Quoting jasakreatif
keep trying beibeeh..
eur 10pips sl bet

i'm bored to see football comentatory ,,
carefull jasakreatif. NFP forecast is good. i am too go long yertreday and both gu and eu sl hit. it is gonna comeback but still we do not know that for sure.
Attached Image (click to enlarge)
Click to Enlarge Name: eu.gif Size: 29 KB
Money Management and Patience is the Key
  • #35,660
  • May 30, 2012 10:39pm May 30, 2012 10:39pm
Quoting jayjonbeach
Putting my money where my mouth is, Shorting this based on Res and VSA. They sold more at the highs

EP 1.0308. No TP. Will keep a tight stop on it, 1.0325 (above Jan peak, if it goes above this it will likely go right to 1.0400.

This would be an M1 Scout trade, so really wouldn't normally post it, just the Topic is under discussion so...
Updated charts on this trade, M15 turning down, M5 in full Sonic mode. Note the huge chunk of volume on M30. Of course the fate of this largely depends on the USD, and so far, its had no real intention of letting up. We'll see what the news brings 8:30 EST.
Attached Image(s) (click to enlarge)
Click to Enlarge Name: uc.gif Size: 35 KB
Click to Enlarge Name: uc1.gif Size: 32 KB
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