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Sonic R. System

  • #39,681
  • Oct 11, 2012 12:15am Oct 11, 2012 12:15am
Quoting worldfreedom
I am not sure I understand your question. The entry was take on a sonic setup. I missed the best entry but I entered on the next pull back as indicated on the chart.
Worldfreedom, jdtrader wants you to post the actual "EA" (Expert Advisor) that you refer to, preferably in .mq4 file format instead of the .ex4 file format. See?! This is what comes of too much abbreviation!

Jdtrader, worldfreedom meant EURAUD when he "said" EA!

  • #39,682
  • Oct 11, 2012 12:20am Oct 11, 2012 12:20am
Quoting traderathome
Worldfreedom, jdtrader wants you to post the actual "EA" (Expert Advisor) that you refer to, preferably in .mq4 file format instead of the .ex4 file format.
I do not have an EA. When I posted I took the EA short the EA=Eur/AUD.

Thanks
World Freedom
  • #39,683
  • Oct 11, 2012 12:22am Oct 11, 2012 12:22am
Quoting worldfreedom
I do not have an EA. When I posted I took the EA short the EA=Eur/AUD.

Thanks
World Freedom
BTW, did you see my post regarding the extension of separators and vLines into subwindows?
  • #39,684
  • Oct 11, 2012 12:32am Oct 11, 2012 12:32am
Quoting traderathome
BTW, did you see my post regarding the extension of separators and vLines into subwindows?
Yes I did and thanks for the information. However I set the setting to false as you indicated but it did not remove the lines. I am not sure why.

Thanks,
World Freedom
  • #39,685
  • Edited 1:27am Oct 11, 2012 12:35am | Edited 1:27am
UCad Commentay:

Sonicers, while the testing of support could entail a drop towards the main pivot, if this overall area holds then a following price move above the Dragon, together with a valid M15 Sonic R. long setup, could result in a good trade. Note the "if" in the previous statement. On H4 and H1 the PA remains above the Dragon with the Dragon angled up, hence the possibility of a long trade following a successful test of support by the market.
Attached Image (click to enlarge)
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  • #39,686
  • Oct 11, 2012 12:47am Oct 11, 2012 12:47am
Quoting worldfreedom
Yes I did and thanks for the information. However I set the setting to false as you indicated but it did not remove the lines. I am not sure why.

Thanks,
World Freedom
I just put the last released version of the Control Panel on a chart with multiple days of separators and vLines showing in the subwindow. Then I changed the inputs to "false" so they were on, but would not show in the subwindow. This worked as it should, leaving the separators and vLines in the chart, but not showing in the sub-window. You might have a corrupted file. But I suggest you recheck your External Inputs to be sure the correct inputs were actually changed to "false".
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  • #39,687
  • Oct 11, 2012 1:23am Oct 11, 2012 1:23am
AU Commentary:

Early in the asian session were two AUD high impact releases; Employment Change and Unemployment Rate. The Forex Factory Calendar shows it was anticipated employment would increase 5.1K and it went up 14.5K. On the other hand, it was anticipated unemployment would increase 5.3% and it increased 5.4%. The previous month it increased 5.1%, so the increase in unemployment is still on the rise! This makes me think the market simply pumped AU up on "mixed news" to get it higher for more shorting. There are two USD high impact releases coming today, and they might be the catalyst for a move back down, and even further down.

H1 attached shows that PA has backtested the broken support area. It doesn't appear to be a strong test (prices not meeting/overlapping), but on H4 this is a valid test. Yet, the LS market might also push PA up into this area. This could happen anytime up to the USD releases, even as a whipsaw move at the release. If this area becomes bonafide resistance, a following M15 Sonic R. short setup could result in a good trade.
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  • #39,688
  • Oct 11, 2012 1:31am Oct 11, 2012 1:31am
Quoting jasakreatif
Gold Drop yuro Drop
unpredictible fall 150ps, little support and possible divergence detected H1. hope so
  • #39,689
  • Oct 11, 2012 2:47am Oct 11, 2012 2:47am
Quoting traderathome
AU Commentary:

Early in the asian session were two AUD high impact releases; Employment Change and Unemployment Rate. The Forex Factory Calendar shows it was anticipated employment would increase 5.1K and it went up 14.5K. On the other hand, it was anticipated unemployment would increase 5.3% and it increased 5.4%. The previous month it increased 5.1%, so the increase in unemployment is still on the rise! This makes me think the market simply pumped AU up on "mixed news" to get it higher for more shorting. There are two USD high impact...
I think there are also other factors at play too. An increase in Iron Ore prices of late and the possibility of Chinese stimulus...
  • #39,690
  • Edited 3:11am Oct 11, 2012 3:00am | Edited 3:11am
Quoting FXaddicted
I think there are also other factors at play too. An increase in Iron Ore prices of late and the possibility of Chinese stimulus...
Please be more specific. For example, if you mean that these are reasons, valid reasons, for the aussie to get stronger, then the move up would not have been disengenouous and pricing might not just go back down if good USD releases come. On the other hand, if you are saying these are addtional reasons for the aussie to get weaker, then the premise that the move up was disengenuous, only to get higher grounds for shorting, is still a good possibility.

Which do you mean? You see, you stated other factors, but did not state their likely effect and therefore have introduced confusion.
  • #39,691
  • Edited 3:48am Oct 11, 2012 3:33am | Edited 3:48am
EU Commentary:

Support has been broken. It was then tested as resistance and that test failed, with PA moving up thru the area. PA has since fallen back down thru support and the area is again being tested as resistance. USD high impact releases are coming later and the market move of pricing then should be decisive. Since on H4 the Dragon is angled down, if this area becomes bonafide resistance and we get a M15 Sonic R. short setup, the move down could be a nice trade.

Pricing of USD pairs is now becoming volatile, with AU, EU and GU moving higher and UCad and UChf moving lower. Maybe this is the market making moves in preparations for the USD releases. And this could be followed up with whipsawing at the releases.
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  • #39,692
  • Oct 11, 2012 3:55am Oct 11, 2012 3:55am
Quoting traderathome
UChf:

Entered long. Have not placed a SL at this time. If price drops in LS to near the 3/4 number, I might add second long trade there. Entered long now because I have no way of knowing if the price might just move up from here, and start doing so before the next LS. On every TF, from H4 down to M15, PA is above the Dragon and the Dragon is angled up. In the 2nd pic. you can see that during the last LS price was run back down to "test" resistance, maybe now turned into support.
UChf:

Price was maneuvered down to the 3/4 number area, where I added long trade #2. The SL remains mental, somewhat below the RDL mark, due to the possibility of whipsawing when the USD releases hit. Due to this drop in price, the RDH mark is now lower than before, and my TP1 might be a bit high. I'm leaving it there. It is still below the RWH.
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  • #39,693
  • Oct 11, 2012 4:03am Oct 11, 2012 4:03am
Is it a good sonic setup in GU ?
Attached Image (click to enlarge)
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Keep Simple...!
  • #39,694
  • Oct 11, 2012 4:20am Oct 11, 2012 4:20am
imho, its late entry for an aggressive entry mate. i would have entered long at the encircled area of your chart if i may borrow. i would rather wait for a price retest within the boxed area of your chart. im sure the dragon would be more inclined up that time.
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  • #39,695
  • Oct 11, 2012 4:30am Oct 11, 2012 4:30am
Quoting alrightfrank
imho, its late entry for an aggressive entry mate. i would have entered long at the encircled area of your chart if i may borrow. i would rather wait for a price retest within the boxed area of your chart. im sure the dragon would be more inclined up that time.
Yeah .

Let see if sonicR system can work in this case?

But i still believe price won't re-test dragon again
Keep Simple...!
  • #39,696
  • Oct 11, 2012 4:46am Oct 11, 2012 4:46am
I am long in GU right now, my first try for sonic setup.
still wonder if any body can make consistent profit from this methodology.
  • #39,697
  • Edited 7:48am Oct 11, 2012 7:38am | Edited 7:48am
Quoting traderathome
AU: Entered short. SL mental. TP1 based on Daily chart and conservative (within day range limits).
AU:

Like with all other USD pairs, this has been moved far in anti-USD direction ahead of USD releases. Up at these prices, in a down trend on longer TFs, I have entered short trade #2. This second trade is not a classic Sonic R. entry; more a Scout entry. SL on this and all other trades remains mental.
Attached Image (click to enlarge)
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  • #39,698
  • Oct 11, 2012 8:14am Oct 11, 2012 8:14am
Quoting sasko
USD/JPY: Entered long. SL mental. TP1 based on Daily chart 100 Day MA
Manual close at 78.51 + 23 pips
  • #39,699
  • Oct 11, 2012 10:46am Oct 11, 2012 10:46am
a valid AU short setup?
Attached Image (click to enlarge)
Click to Enlarge Name: au.gif Size: 48 KB
Keep Simple...!
  • #39,700
  • Oct 11, 2012 8:57pm Oct 11, 2012 8:57pm
has anybody got a clue where the market is headed today? i think it is still in no mans land for now, but i guess if it break 1.2952 price would try to work up to 1.30XX.

f.
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