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Sonic R. System

  • #43,101
  • Jan 20, 2013 4:04pm Jan 20, 2013 4:04pm
Quoting traderathome
Mezzy, MtDarkness.....

A couple 'o weeks? A couple ' months? Heck, this shit has been going on ever since SM smelled President Obama's re-election was as good as in the bag!

-tah
Oh, most definitely, SM doesn't do anything without a plan and a purpose and the only thing more inspiring than the depth of those plans is how they can carry out those plans with surgical precision. But I was commenting on the abnormal volume for the past two weeks. Massive move up on huge volume 2 weeks ago, and then last week- a gap up followed by a slight move down on even more volume. Knowing that pretty much the entire planet is bullish at the moment, SM has to be the one selling into that. Not sure if Williams would call that end of a rising market or a buying climax or what, but it's some serious weakness. I'm still not sure that it won't coast up on lower volume before it plummets though. That's what I'm waiting to see on the daily before I initiate a short. That or a move down followed by a shakeout.
Currency is a joke. And that's precisely why I trade it.
  • #43,102
  • Jan 20, 2013 5:23pm Jan 20, 2013 5:23pm
good morning everyone from here in asia, this is exactly what ive been thinkin or have in mind of somethin thats happening i just cant explain how or why. so this is exactly IT. accumulation and distribution. again many thanks to all off you for enlightenment with this, i pushed myself to understand more of this topic last weekend and i bump on this site: http://www.readtheticker.com/Pages/I...wyckoff-method hope this helps.

honestly i still dont understand how this accumulation and distribution thing correlates with the volume! i think i get the idea but some things are still bit shadowy for me, like what andy and tah said its possible to identify thru volume where the market is going, how? what are we going to look for? what happens to the volume if i see certain PA? coz in my mind if it really it is possible and easy how come 90% of traders are loosers? meaning we just have to follow volume and PA and viola $$$! please bear on me with this i just want to understand more...

i may not be able to explain myself very well on this english is not my first language but i know you understand what i mean fellas.
  • #43,103
  • Edited 6:34pm Jan 20, 2013 6:16pm | Edited 6:34pm
Quoting alrightfrank
good morning everyone from here in asia, this is exactly what ive been thinkin or have in mind of somethin thats happening i just cant explain how or why. so this is exactly IT. accumulation and distribution. again many thanks to all off you for enlightenment with this, i pushed myself to understand more of this topic last weekend and i bump on this site: http://www.readtheticker.com/Pages/I...wyckoff-method hope this helps.

honestly i still dont understand how this accumulation and distribution thing...
Frank, both Mezzy and TAH just posted a link on volume. Get that book. Read it. Twice. If you have any questions regarding VSA after you have read it, then read it again. If you still have questions, PM me. I am just now learning the Sonic System, but I know VSA very well.

Edit: Most traders lose because Professional Money traders know exactly how the majority of people are going to react to news, price action, etc. They already know how the world feels about the EUR/USD pair, oil futures, or even AAPL stock. They know how the masses will react.

Don't believe me?

Look at Walmart stock last year (Ticker: WMT). The stock was down considerably, and then, in April 2012, Walmart de Mexico was caught bribing their way into business. Stock gapped down and then fell 5% on that bad news within a few days, which is a lot. The volume was about 120 million shares in 4 days. The average volume is 8-10 daily, so we are talking 4-5x normal volume. 6 months later, in October, Walmart stock was selling for DOUBLE what it was by the end of April. Read that book and you will understand how that can happen. P.S. Everything I stated can be verified by yahoo finance, charts and news.
Currency is a joke. And that's precisely why I trade it.
  • #43,104
  • Jan 20, 2013 6:44pm Jan 20, 2013 6:44pm
* A lil less of conversation and more action pls..

UJ cracks are showing up...


Sonic
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  • #43,105
  • Jan 20, 2013 7:03pm Jan 20, 2013 7:03pm
EJ short, SL 120.37, EP 119.57
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Keep Simple...!
  • #43,106
  • Jan 20, 2013 7:14pm Jan 20, 2013 7:14pm
Quoting kotlt
EJ short, SL 120.37, EP 119.57
Perfect 15m set up here kotlt.
  • #43,107
  • Jan 20, 2013 7:16pm Jan 20, 2013 7:16pm
Would be higher % trade if it was in a downtrend, really strong uptrend right now, but as far as 15m time frame alone it seems perfect.
  • #43,108
  • Jan 20, 2013 8:23pm Jan 20, 2013 8:23pm
Quoting MtDarkness
Frank, both Mezzy and TAH just posted a link on volume. Get that book. Read it. Twice. If you have any questions regarding VSA after you have read it, then read it again. If you still have questions, PM me. I am just now learning the Sonic System, but I know VSA very well.

Edit: Most traders lose because Professional Money traders know exactly how the majority of people are going to react to news, price action, etc. They already know how the world feels about the EUR/USD pair, oil futures, or even AAPL stock. They know how the masses will react....
ill do thanks a lot for your response mate.
  • #43,109
  • Jan 20, 2013 10:17pm Jan 20, 2013 10:17pm
Quoting sonicdeejay
* A lil less of conversation and more action pls..

UJ cracks are showing up...


Sonic
Master Sonicdeejay, at the time of your post and with hours to go before the LS begins, would you rather students be engaged in conversations about the market, or prematurely jumping into trades? I'd think market conversation would be the lesser danger of the two actions.

Yes, I see what you refer to as UJ showing weakness. However, if (and that "if" is still in question) we get pro-USD moves this week, UJ is the least likely of the YEN pairs (all of which are showing weakness) to proceed down nicely. Just my take.
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  • #43,110
  • Jan 20, 2013 10:29pm Jan 20, 2013 10:29pm
Quoting kotlt
EJ short, SL 120.37, EP 119.57
Close for some pip at 119.30 , wait LS. I hoped for big move in asia session, but it don't happen.
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Keep Simple...!
  • #43,111
  • Edited 11:43pm Jan 20, 2013 10:38pm | Edited 11:43pm
UCad: Entered long. This is #4 of a group of open longs (not the ones closed last week). I took this trade prior to LS for these reasons....

1. Friday was very bullish and there is no reason to think things have changed.
2. PA has pulled back from Friday HOD and is getting "comfortable" at S&R area, having bounced at support and now being above local resistance.
3. Dragon has started to turn back up.
4. Current PA is now mostly above the S&R line (as I have drawn it).
5. Current PA is now mostly above the dragon centerline.
6. PA is above the Trend.
7. PA looks to be consolidating in a bullish manner here at the S&R (consolidating meaning SM building positions).

......and I took the trade on a slight dip in price at S&R. My target is the upper whole number (or above) which is considerably higher than today's RDH.
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  • #43,112
  • Jan 20, 2013 11:46pm Jan 20, 2013 11:46pm
There is sill 15 minutes left LO session open. Watching this setup in AU
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Keep Simple...!
  • #43,113
  • Jan 20, 2013 11:50pm Jan 20, 2013 11:50pm
Quoting traderathome
UCad: Entered long. This is #4 of a group of open longs (not the ones closed last week). I took this trade prior to LS for these reasons....

1. Friday was very bullish and there is no reason to think things have changed.
2. PA has pulled back from Friday HOD and is getting "comfortable" at S&R area, having bounced at support and now being above local resistance.
3. Dragon has started to turn back up.
4. Current PA is now mostly above the S&R line (as I have drawn it).
5. Current PA is now mostly above the dragon centerline.
6. PA is above...
I think it is very tricky near bottom of SHI tunnel.

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  • #43,114
  • Jan 20, 2013 11:55pm Jan 20, 2013 11:55pm
Quoting kotlt
There is sill 15 minutes left LO session open. Watching this setup in AU
Yes, yours is a wave. However, the Trend is down. And note the resistance area. Volumes fell off each time price popped up. SM has not been willing to jump in long. Maybe just scouring for shorts up there. It could go something like the wave shown. But we will see what happens after the LO.
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  • #43,115
  • Jan 21, 2013 12:18am Jan 21, 2013 12:18am
Short on AUD/JPY

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  • #43,116
  • Jan 21, 2013 12:24am Jan 21, 2013 12:24am
My Monday LO trade, i don't have to work tomorrow thanks to Dr. Martin Luther King, so here is my setup.
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  • #43,117
  • Jan 21, 2013 12:31am Jan 21, 2013 12:31am
Quoting wellard
Short on AUD/JPY

Attachment
I see you put the Shi Channel on your chart. It will end up having you exit when price nears or reaches one of the outer TLs. And later you will see price can move substantially further. This happened to your GU trade Friday. My suggestion is to take if off your chart.
  • #43,118
  • Jan 21, 2013 12:40am Jan 21, 2013 12:40am
Quoting Mezzy
My Monday LO trade, i don't have to work tomorrow thanks to Dr. Martin Luther King, so here is my setup.
EU:

Well Mezzy, the pivot is significant SR, right now acting as R. I don't make much either way regarding current VSA. SM just keeping a tight range and building a position. Liquidity might be a problem, so a liquidity creation spike might give a clue. But so far, there really isn't one. Could go either way. A spike up on volume might look like the start of a bull move, but it could end up being a head fake/liquidity creation drive up for shorts,.....and trigger your long. Which is one of the two things those drives are intended to do so SM can take the short side at higher prices.

Today might just be a bust. No action, at least not much of significance. We'll see.
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  • #43,119
  • Jan 21, 2013 12:56am Jan 21, 2013 12:56am
EU: Getting weighted down. A break of the whole number, perhaps a pullback retest of it for a more sure entry short?
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  • #43,120
  • Jan 21, 2013 12:57am Jan 21, 2013 12:57am
i dont think theres a clear entry with eu, not just yet pa is ranging and the dragon is flat. imho. sm is not done yet taking all floating supply, pa might bring it down a bit more before it soars again.
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