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Sonic R. System

  • #43,201
  • Jan 22, 2013 9:23am Jan 22, 2013 9:23am
Quoting kotlt
out for +10 pip, i do not want to trade opposite sonicdeejay, lol
No worry mate..
I am doing CT,,, even it is trend trade, I may be wrong as mkt always decide..

Sonic
  • #43,202
  • Jan 22, 2013 10:31am Jan 22, 2013 10:31am
Quoting jaau
Hi master Sonic,

How can I set the dragon line on mobile devices?!

L.
Thanks for the help!



(Oh my...)

L.
  • #43,203
  • Jan 22, 2013 10:54am Jan 22, 2013 10:54am
Quoting jaau
Thanks for the help!



(Oh my...)

L.
Make 3 EMA's or SMA's of the same color. Each are 34 period. One for the high, one for the low and one for either the median ((H+L)/2) or the close. After that, create another EMA with 89 period. That will create the trend, so color that one differently. There you go.
Currency is a joke. And that's precisely why I trade it.
  • #43,204
  • Jan 22, 2013 11:00am Jan 22, 2013 11:00am
Quoting jaau
Thanks for the help!



(Oh my...)

L.
1) http://www.forexfactory.com/showthread.php?t=114792

2) SonicRV3.zip

3) Sonic R Manual.pdf

4) Page 1

5) Points: 4) and 6)
Newbie trader
  • #43,205
  • Jan 22, 2013 11:01am Jan 22, 2013 11:01am
Quoting MtDarkness
Make 3 EMA's or SMA's of the same color. Each are 34 period. One for the high, one for the low and one for either the median ((H+L)/2) or the close. After that, create another EMA with 89 period. That will create the trend, so color that one differently. There you go.
Great!!!

Thank you so much!

L.
  • #43,206
  • Jan 22, 2013 11:08am Jan 22, 2013 11:08am
Quoting fex
1) http://www.forexfactory.com/showthread.php?t=114792

2) SonicRV3.zip

3) Sonic R Manual.pdf

4) Page 1

5) Points: 4) and 6)
Thank you too.

L.
  • #43,207
  • Edited 11:22am Jan 22, 2013 11:10am | Edited 11:22am
EU entered short on H&S @ 1.3346, closed half at 1.3285, other half set to B/E, TP undetermined.
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Currency is a joke. And that's precisely why I trade it.
  • #43,208
  • Jan 22, 2013 11:21am Jan 22, 2013 11:21am
long Gold, SL 1684,EP 1694
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Keep Simple...!
  • #43,209
  • Jan 22, 2013 11:26am Jan 22, 2013 11:26am
Quoting MtDarkness
EU entered short on H&S @ 1.3346, closed half at 1.3285, other half set to B/E, TP undetermined.
Someone working on Mt5 with Tah template?

L.
  • #43,210
  • Jan 22, 2013 11:46am Jan 22, 2013 11:46am
Quoting jaau
Someone working on Mt5 with Tah template?

L.
Not sure if that was aimed at me since I was quoted? I use MT4. I've never used MT5. IDK if anyone is making one either. Most people use MT4 still.
Currency is a joke. And that's precisely why I trade it.
  • #43,211
  • Jan 22, 2013 1:00pm Jan 22, 2013 1:00pm
VSA experts, does this recent volume on EUR/CHF on the last big selling candle tell you anything?
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  • #43,212
  • Jan 22, 2013 2:04pm Jan 22, 2013 2:04pm
Selling Climax?
Newbie trader
  • #43,213
  • Edited 3:08pm Jan 22, 2013 2:45pm | Edited 3:08pm
Quoting Ck87
VSA experts, does this recent volume on EUR/CHF on the last big selling candle tell you anything?
Edit: Not a VSA expert, but here's my thoughts anyways. XD
Someone did a whole bunch of buying. Normally, when I see that, it means the beginning of accumulation, but it looks like this is taking place at the top of an incredibly strong daily/4h swing high, so it's hard to say.
Currency is a joke. And that's precisely why I trade it.
  • #43,214
  • Jan 22, 2013 2:52pm Jan 22, 2013 2:52pm
My take on the EURCHF.

Again you are going to have to forgive me as I am on my laptop downstairs, in which I dont have snag it on to attached a chart for you, but will do in the morning.

Right I am currently shorting this cross from 1.2480 and 1.2420.
My target is 1.21, but I do trade daily timeframes.

The 15 minutes timeframe has a downbar closing off the low and the next bar being up confirms buying by the Smart Money, but its not a selling climax, also to the right when its gone over to test the downbar in question its failed as the price action as fallen lower, if it was to be a successful test, it would of bounced and instead its dropped through.

This price action movement on this timeframe is basically the Smart Money supporting the price as its taking it down lower.
Unless your in and out the market on a scalping sonic strategy then you would have been suckered in by this bar thinking price is going back up alot higher.

What I am looking for is this sort of bar but on a daily timeframe on heavy volume to suggest a Selling Climax, next bar up then the downmove is finished the market will then get knocked sideways and the test further on to the right should be successful and then following this a upmove in prices will take effect.

Hope this helps and I will attach a chart tomorrow to explain further.

Stay tuned !


Quoting Ck87
VSA experts, does this recent volume on EUR/CHF on the last big selling candle tell you anything?
  • #43,215
  • Jan 22, 2013 3:19pm Jan 22, 2013 3:19pm
Quoting andyvxr
, but its not a selling climax, also to the right when its gone over to test the downbar in question its failed as the price action as fallen lower, if it was to be a successful test, it would of bounced and instead its dropped through.
Why not consider the ST at a lower level?
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Newbie trader
  • #43,216
  • Edited 6:05pm Jan 22, 2013 5:31pm | Edited 6:05pm
Quoting sonicdeejay
Sent a Sonic Scout.. @118.36 after closing my UJ short position...

http://www.forexfactory.com/attachme...1&d=1358864073


Sonic
Didn't run up quickly as expected..but still in the race..


Inserted Video




Sonic
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  • #43,217
  • Jan 22, 2013 5:37pm Jan 22, 2013 5:37pm
The ST your talking about is the Secondary Test which has been tested but like i say the test of the Wyckoff principal failed so i cant see this being Accumulation

Quoting fex
Why not consider the ST at a lower level?
  • #43,218
  • Jan 22, 2013 5:49pm Jan 22, 2013 5:49pm
Quoting andyvxr
The ST your talking about is the Secondary Test which has been tested but like i say the test of the Wyckoff principal failed so i cant see this being Accumulation
Thanks
Newbie trader
  • #43,219
  • Edited 7:11pm Jan 22, 2013 6:55pm | Edited 7:11pm
Quoting sonicdeejay
Sent a Sonic Scout.. @118.36 after closing my UJ short position...
Didn't run up quickly as expected..but still in the race..
Sonic
Sonic, I understand you went long on the basis that volume on the dramatic move down seemed to be "stopping" volume.

Surely it was, but SM doesn't stop the price falling only because it has switched from bear to bull. It sometimes just supports the price to keep it from going further down so as to enter another "time of distribution" (as price is still in the big picture Distribution box on H4); a chance to take some profits and move prices up/down some more to bring in additional longs that it could not bring in if it had allowed the price to simply keep on falling. That move down reached the depths of the larger TF Distribution box, and so maybe SM is simply not yet ready for the mark down phase. But is it preparing for a "gotcha longs" maneuver of the price back towards the top of the Distribution box?

I see this chart as indicating SM remains bearish, with the likelyhood of SM driving prices up to the PVT/half number (and yes, possibly though less likely back to the upper whole number again) to suck in longs to enable it to re-build better priced new shorts before the next drop. Gambling on a long here, due to the questions of "how far" and even "if" SM will execute a move up, seems more risky than waiting for another short setup.

I could have this all wrong. In the interest of exploring all possibilities I'd sure like your thinking on this viewpoint, and at the time you entered long.

-tah
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  • #43,220
  • Jan 22, 2013 7:00pm Jan 22, 2013 7:00pm
Sorry I was so quiet today, I was swamped at work, so no trading time/forum time for me.

I'm still bullish EU, see my picture for explanation.

I'll be honest though, it is hard to decide, with all the whipsaw action going on. Whipsaw's are typically more characteristic of distribution as huge amounts of pressure get let off as SM unloads positions. But that 4h large pinbar with all that buying pressure behind it has me convinced still that this is SM buying.

Volume is not what we trade as sonic says. VSA is the study of the spread of price (think candle size/wick size) compared to the amount of volume behind it. For example the extremely long wick pinbar that finished bearish has an extremely long bottom wick indicating that a lot of buying power went into it before it closed especially with the high volume output. My volume indicator says there was more buying power than selling in this pinbar, even though the candlestick shows red for sellers winning the battle. SM will try to hide their positions in bars like this, because people will think oh it finished bearish or red, so sellers must be winning, but clearly this is not the case if you study the volume behind it.

Hope my explanation helps,
much love,
Mezzy
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