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Sonic R. System

  • #43,781
  • Feb 6, 2013 7:20am Feb 6, 2013 7:20am
Quoting traderathome
Red volume bars simply mean exceptional candle spread x volume on a bear bar. It could be selling, or it could be buying at lows. Future PA lets us know. You are confused only because you have the habit of interpreting high volume on spike down bars as associated with "stopping" volume. And it usually is if it happens during a run down. But this is consolidation (ET: entry/exit) PA, which I interpret as the MMs loading up shorts. So, they do a selloff, which drives price down. Then they resurrect the price and start over again. This could be "starting"...
I agree..it merely show big activity..it could be sell or buy vol...

ANyway//Not so bearish anymore as long as 1.351x hold...


Sonic
  • #43,782
  • Feb 6, 2013 7:45am Feb 6, 2013 7:45am
Quoting sonicdeejay
I agree..it merely show big activity..it could be sell or buy vol...

ANyway//Not so bearish anymore as long as 1.351x hold...


Sonic

Whale watching @ 1M TF... Mkt need to break 1.3516x strongly..and it is possible..


https://encrypted-tbn1.gstatic.com/i...hM2Eip_jDa_CdQ

Sonic
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  • #43,783
  • Feb 6, 2013 7:48am Feb 6, 2013 7:48am
Quoting sonicdeejay
I agree..it merely show big activity..it could be sell or buy vol....ANyway//Not so bearish anymore as long as 1.351x hold...

Sonic
I'm still waiting for the big spike up by US MMs, now that Dragon crossed Trend on H1. Of course, they did have a drive up yesterday. And maybe between the asian MMs and european MMs today, those higher price regions might have been picked clean of stops and pending wrong side orders. If that is the case, then alas, no US MMs spike today.

-tah
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  • #43,784
  • Feb 6, 2013 8:01am Feb 6, 2013 8:01am
EU Comment:

Look off to left of chart and see the high activity price region. Now look at today, and how the asian/european MMs drove price down thru that price area (to below half number) and kept it from rising again. This tells us the manipulated drive up yesterday (tall green candle) was to distribute in that area where so many orders tend to get built up. Once the MMs closed their longs and reversed to shorts, cleaning the area of longs (absorbed the longs = got short orders filled), they drove the price below that level and then supported the price. They kept it from going higher again. This is very bearish PA.

My guess (and that is all it is) is that there were pending long orders up in that area. Yesterday and today they got triggered into the market and then the MMs drove the price down to "lock" them out. Also note the asian session head fakes up today. More longs got suckered into the market. Now all those longs from yesterday and today are trapped. They'll hold on in hope. Eventually they will capitulate, which will add to downside momentum.

-tah
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  • #43,785
  • Feb 6, 2013 8:13am Feb 6, 2013 8:13am
I have a "Scout Trade" Long @ 1.351x..Reason: Bullish Engulfing candle.. I hope 1.350x will act as base and expect 1.355x as nice TP or SL move to BE area....
Risky as usual..

Inserted Video


Nite Guys..
Sonic
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  • #43,786
  • Feb 6, 2013 8:16am Feb 6, 2013 8:16am
GU Comment:

Been staging all morning, but looks ready......
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  • #43,787
  • Feb 6, 2013 8:35am Feb 6, 2013 8:35am
EU Comment:

Looks like MMs manipulated price up to "test" TL. Remember, the word "test" or "backtest" is deceiving. It doesn't reveal the truth, which in this case means the US MMs took the price back up to add more shorts. "Testing" means ET (entering or exiting). In this case, entering is more likely the case; entering more shorts.

-tah
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  • #43,788
  • Feb 6, 2013 8:36am Feb 6, 2013 8:36am
Hey TaH, another quick question, for looking for the historic high/low and/or SR levels for setting the SL and TP, about how many candles back will you go? And to keep this in context, I'm working on an EA for the SonicR system, so it'll need to be a set number and can't really vary too much.
  • #43,789
  • Feb 6, 2013 8:38am Feb 6, 2013 8:38am
Quoting Jon Reed
Hey TaH, another quick question, for looking for the historic high/low and/or SR levels for setting the SL and TP, about how many candles back will you go? And to keep this in context, I'm working on an EA for the SonicR system, so it'll need to be a set number and can't really vary too much.
Then you are out of luck. Sometimes you have to go to a higher TF chart to find any significant SR even within the current day range! And that higher TF chart can often be the H4, sometimes the Daily, sometimes even the weekly. It all depends on what rampage the price has recently been on.

-tah
  • #43,790
  • Feb 6, 2013 8:40am Feb 6, 2013 8:40am
Quoting traderathome
Then you are out of luck. Sometimes you have to go to a higher TF chart to find any significant SR even within the current day range! And that higher TF chart can often be the Daily, sometimes even the weekly. It all depends on what rampage the price has recently been on.

-tah
Ok, I'm gonna try with some generic SL/TP and see how it works out, you think 120 pips SL and say 240 pips TP is reasonable? This way even if you win only 1 out of 2 you'll still breakeven. And for the initial EA testing, I'll be coding it to work solely on E/U 15
  • #43,791
  • Feb 6, 2013 8:42am Feb 6, 2013 8:42am
Quoting Jon Reed
Ok, I'm gonna try with some generic SL/TP and see how it works out, you think 120 pips SL and say 240 pips TP is reasonable? This way even if you win only 1 out of 2 you'll still breakeven. And for the initial EA testing, I'll be coding it to work solely on E/U 15
I have no idea. Some Sonicers might like to "hit and run", get 20-30 pips and call it a day.

-tah
  • #43,792
  • Feb 6, 2013 8:48am Feb 6, 2013 8:48am
Quoting sonicdeejay
I have a "Scout Trade" Long @ 1.351x..Reason: Bullish Engulfing candle.. I hope 1.350x will act as base and expect 1.355x as nice TP or SL move to BE area....
Risky as usual..

http://www.youtube.com/watch?v=qpi9YXaChHI

Nite Guys..
Sonic
I have a gut feeling...
Another round of US downgrade on the way...

sonic
  • #43,793
  • Feb 6, 2013 8:50am Feb 6, 2013 8:50am
GU Comment:

Three high impact GBP releases coming tomorrow. This might be what the MMs are waiting for, because they seem in no hurry to get this kicked off upwards yet. That being the case, between now and then the price could hit lows again, maybe new lows which the MMs might create if they are loading up longs.

So, maybe "hands off" this one until tomorrow's releases is a good course of action. Wait to see if a good Sonic R. setup occurs tomorrow, and re-evaluate everything then.

-tah
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  • #43,794
  • Feb 6, 2013 8:56am Feb 6, 2013 8:56am
Quoting sonicdeejay
I have a gut feeling...
Another round of US downgrade on the way...

sonic
Well, you have good instincts. If it happens, price could still proceed short a little while longer,.....all the better for the MMs to load longs again. There is a EUR high impact coming tomorrow. Might be then PA will shed some light on the subject.

-tah
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  • #43,795
  • Edited 9:34am Feb 6, 2013 9:23am | Edited 9:34am
EU Comment:

Anyway, MMs are keeping price up along TL, which supports the premise they are still bears and shorting. They'd have kept it down, or taken it lower if they were going to build longs, a conclusion based on the fact that the MMs can pretty much do with the price whatever they want to do with it. It might be easier to get longs into the market up here. More fodder for the MMs to absorb as they build shorts. And all this is happening just above a whole number; an excellent area to add to a short position ahead of another excellent 100+ pips leg down.

The Dragon is down. The Trend Line is down. PA is below both, .....yada, yada, yada.

-tah
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  • #43,796
  • Feb 6, 2013 9:35am Feb 6, 2013 9:35am
Quoting traderathome
EU Comment:

Anyway, MMs are keeping price up along TL, which supports the premise they are still bears and shorting. They'd have kept it down, or taken it lower if they were going to build longs, a conclusion based on the fact that the MMs can pretty much do with the price whatever they want to do with it. It might be easier to get longs into the market up here. More fodder for the MMs to absorb as they build shorts. And all this is happening just above a whole number; an excellent area to add to a short position ahead of another excellent...
so we will go short agiant right ?
  • #43,797
  • Feb 6, 2013 9:54am Feb 6, 2013 9:54am
Quoting longbk
so we will go short agiant right ?
EU:

Wait for next proper signal. Whatever wave forms/dragon angle/etc.

-tah
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  • #43,798
  • Feb 6, 2013 10:03am Feb 6, 2013 10:03am
Look like EJ good for SHORT

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  • #43,799
  • Feb 6, 2013 10:08am Feb 6, 2013 10:08am
Quoting traderathome
EU:

Wait for next proper signal. Whatever wave forms/dragon angle/etc.

-tah
i have a question.how many candlestick to make a ways with 3 legs as guid? sr my english's bad.but i think you understand it's mean
  • #43,800
  • Feb 6, 2013 10:32am Feb 6, 2013 10:32am
Quoting sonicdeejay
I have a "Scout Trade" Long @ 1.351x..Reason: Bullish Engulfing candle.. I hope 1.350x will act as base and expect 1.355x as nice TP or SL move to BE area....
Risky as usual..

http://www.youtube.com/watch?v=qpi9YXaChHI

Nite Guys..
Sonic
Moved SL @ BE..

Free trade for now...

Sonic
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