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Sonic R. System

  • #43,261
  • Jan 23, 2013 7:08am Jan 23, 2013 7:08am
Quoting traderathome

I might suggest that in addition to paying no attention to any market news, not before, during, or afterwards.......
Would you say it is better to remove the news feed data from the chart? Having it there can
lead to jumping to conclusions.

Also, I find it a little difficult to seperate the volume candles from the activity. That is what spurred
my mention in an earlier post for having some type of "activity meter" rather than volume "candles."

If i'm understanding things correctly, it's the increase activity that we should be concerned with
when analyzing what MIGHT be about to happen with PA.

I suppose this all is a result of my ignorance on the subject of VSA (I'm trying to learn).

  • #43,262
  • Jan 23, 2013 7:13am Jan 23, 2013 7:13am
2 minutes and down we go !
  • #43,263
  • Edited 7:35am Jan 23, 2013 7:19am | Edited 7:35am
Quoting ArtfulDodger
Would you say it is better to remove the news feed data from the chart? Having it there can
lead to jumping to conclusions.

Also, I find it a little difficult to seperate the volume candles from the activity. That is what spurred
my mention in an earlier post for having some type of "activity meter" rather than volume "candles."

If i'm understanding things correctly, it's the increase activity that we should be concerned with
when analyzing what MIGHT be about to happen with PA.

I suppose this all is a result of my ignorance on the subject...
1. If by news feed data you mean the SonicR FFCal Headlines indy, then understand that it's purpose is only as a "Heads up!" about what is coming and when. Do you want to be into a trade when wide swings happen, or whipsaws? Do you want to remove the warning about upcoming events that can increase price volatility into that?

2. Let's no longer call it VSA. I should never have used that term to describe the volume indicator for Sonic R. Just because it incorporates an improved coding of "climax" spread-volume situations does not make it VSA. That is the only part of VSA incorporated; the only part of VSA worth anything. The rest is about volumes significantly above average. That has nothing to do with VSA. So, I'm changing the name to PVA (Price Volume Analysis) in the next release. And yes, it is increased activity that should alert you.
  • #43,264
  • Jan 23, 2013 7:20am Jan 23, 2013 7:20am
Thanks for the prompt response!
  • #43,265
  • Jan 23, 2013 7:26am Jan 23, 2013 7:26am
Quoting andyvxr
2 minutes and down we go !

I think US open in 9:30 SG time (GMT+8)

Sonic
  • #43,266
  • Jan 23, 2013 7:31am Jan 23, 2013 7:31am
Quoting sonicdeejay
I think US open in 9:30 SG time (GMT+8)

Sonic
Sonic, the US forex market opens at 8am EST (30 minutes ago). It is the US thieving stock market that opens at 9:30am EST (in an hour).
  • #43,267
  • Jan 23, 2013 7:42am Jan 23, 2013 7:42am
US Open Comment

At least on some pairs, it looks like "The Thieves of Wall Street" are executing their own little pumpty dumpty. Sort of disappointing, actually, to see such giants of deceipt and deception engage in what looks like a half-hearted Sponge Pants wipe job. Well, maybe that is just for starters, to lull folks to sleep and then chop off their heads later with a big surprise move that would make any thief proud. I'm going to bed.
  • #43,268
  • Jan 23, 2013 8:06am Jan 23, 2013 8:06am
No i was on about the 1.15pm eurusd fixing, and there was sell interest at that fixing.
Looks like it was as its stopping light volume move up and since then the price action has come off the high.

Quoting sonicdeejay
I think US open in 9:30 SG time (GMT+8)

Sonic
  • #43,269
  • Jan 23, 2013 8:07am Jan 23, 2013 8:07am
Pumpty Dumpty lol like it, did it sit on a wall ?
  • #43,270
  • Jan 23, 2013 9:10am Jan 23, 2013 9:10am
Quoting sonicdeejay
Like professor TAH always said.. Pump and Dump...

Well.. let the mkt decides but I hope it continue to go up..

Sonic
Is it me or did everybody forget about David Cameron's EU Speech today? Now I don't trade the news... but I do know when to stay the hell away from trading GBP and EUR pairs!!!

A Banker
  • #43,271
  • Jan 23, 2013 9:21am Jan 23, 2013 9:21am
What is this?
Attached Image (click to enlarge)
Click to Enlarge Name: UC.JPG Size: 120 KB
Newbie trader
  • #43,272
  • Jan 23, 2013 9:30am Jan 23, 2013 9:30am
Quoting fex
What is this?
Forex factory has the best calendar ... Use it..
BoC just announced rate decision..

Sonic
  • #43,273
  • Jan 23, 2013 9:31am Jan 23, 2013 9:31am
The reason why.... High Impact News at 10am

CAD- BOC Monetary Policy Report
CAD- BOC Rate Statement
CAD- Overnight Rate
  • #43,274
  • Jan 23, 2013 9:31am Jan 23, 2013 9:31am
yes but no change, why usd go up?
  • #43,275
  • Jan 23, 2013 9:39am Jan 23, 2013 9:39am
Quoting sonicdeejay
Forex factory has the best calendar ... Use it..
I use it.

Quoting sonicdeejay
BoC just announced rate decision..
I saw it.

No news thought things could change both. Thanks
Newbie trader
  • #43,276
  • Jan 23, 2013 9:52am Jan 23, 2013 9:52am
And there we have it, the drop in eurusd that was stopped by the fixing selling interest by the SM at 1.15pm, now we are back down to the bottom of the range 1.3280 support, but if this volume gets bigger and breaks the support on the hourly that will be SM absorption volume, then I will see you at 1.30

Quoting andyvxr
No i was on about the 1.15pm eurusd fixing, and there was sell interest at that fixing.
Looks like it was as its stopping light volume move up and since then the price action has come off the high.
  • #43,277
  • Jan 23, 2013 11:45am Jan 23, 2013 11:45am
thanks at all, today it's a good trading day... see you later
  • #43,278
  • Jan 23, 2013 12:07pm Jan 23, 2013 12:07pm
Quoting traderathome
EJ:

Some folks do this with their hand. SM does it manipulating prices.

lol'd hard!

H&S on the 5-min EU chart, Double top on EJ. Retrace and retest of resistance is in progress on both. Will be shorting this for the long term move soon.
Currency is a joke. And that's precisely why I trade it.
  • #43,279
  • Jan 23, 2013 1:38pm Jan 23, 2013 1:38pm
Quoting traderathome
UCad:

Once again, it looks to be ready to break up. Any new setup could become the real kicker. A couple hours plus until LS. Multiple CAD high impact releases in about nine hours. Could this break beforehand, leaving those waiting for the releases behind, in the dust? Or, will SM egg longs in prematurely, then whip the price down in conjunction with the releases, stealing all those longs for itself?

This could be a key day for UCAd. And having patience to wait until the LS gets underway is usually better than not having it. And in this case,...
Told 'cha!
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  • #43,280
  • Jan 23, 2013 1:40pm Jan 23, 2013 1:40pm
Quoting traderathome
Disturbed by Pull Ups on Pairs That Have Been Dropping?

Keep in mind that retraces are very healthy for the trend. These pairs that have been dropping (AU, EU, GU, AJ, EJ, etc.) are newly in a down trend. A pull up is healthy. And, in fact, these pull ups today might be exceptionally healthy. That is to say, they might be expressly to get rid of any longs that could interfere with the next leg down. Get them committed now and short against them now (bigger profits on the shorts if now rather than later). The next leg down could be the start...

Told 'cha!
Attached Image (click to enlarge)
Click to Enlarge Name: jan 2013 - 234.gif Size: 33 KB
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