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Sonic R. System

  • #43,941
  • Feb 11, 2013 6:49am Feb 11, 2013 6:49am
AU Comment:

The attached M5 shows consolidation (MMs building positions) in a setup's EP zone. If you look at larger TFs (M15 & higher) you can see PA has made double bottom already. Not saying to jump long on M5. However, might want to watch what happens after US session gets underway, because this might be getting set up for a move back higher again. And the US open MMs might pull this down a bit for a new wave and a better long entry.
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  • #43,942
  • Feb 11, 2013 7:19am Feb 11, 2013 7:19am
Quoting traderathome
Do not do this!------------------------------------------------------
-tah

I understand your statement, but frankly, i thought you are trading in pro style. i think i was wrong. no offence.

Actually, if you try same style but in different platform (jforex, currenex, hotspot etc) and trading with averages, you might wanna continue this and not to stop it . Its the way professionals are doing it. THE ONLY WAY!

So.....DO THIS!

In my view you are on a good path but you just dont know it yet. Or you dont like it. Either way, i suggest you to start a demo in platforms the above, and see for yourself what im talking about.

BTW, reading all the thread and seeing your trades, good and bad, made me think you are indeed a good trader.

Cheers!!!

DNTme
fokyou forexfactory
  • #43,943
  • Feb 11, 2013 8:37am Feb 11, 2013 8:37am
EU Comment:

Looks bearish to me.
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  • #43,944
  • Feb 11, 2013 8:39am Feb 11, 2013 8:39am
Quoting traderathome
EU Comment:

Looks bearish to me.

Same Here.. Bearish..Topping vol spotted when it hit 1.340x


Sonic
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  • #43,945
  • Feb 11, 2013 9:43am Feb 11, 2013 9:43am
Quote
Bearish..Topping vol spotted when it hit 1.340x


Sonic

1.34080 is Monthly Pivot, too.
  • #43,946
  • Feb 11, 2013 10:08am Feb 11, 2013 10:08am
EU Comment:

Looks like Pump & Dump.
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  • #43,947
  • Feb 11, 2013 10:31am Feb 11, 2013 10:31am
Quoting traderathome
There is no input in the code for a email address, without which I doubt this code can work. There must be more involved than just this code. Maybe it uses the email addreess information if entered under Tools/options/email, for which I find no instructions for filling out. I don't know how all this works. And, are we talking about just an email alert, or something other than that?

Unless someone here can post complete coding and instructions on this, frankly, I'd just prefer to release as I always do, and folks that want all these extra...
The code and the indy I linked are already set up for email alerts. I was hoping you could just read the actual alert part, since the code is based on MA's and pull it out to add to your own code. If you can't manage it, then I wouldn't worry about it. There shouldn't be a problem with others using that Indy from the other thread I linked or finding another indy. I would recommend Alert FX, but their MA/Price cross alert only goes up to MA's of 75.

As far as email goes, MT4 does the actual emailing/SMS-ing, not the code. You just gotta get the alert in there, then the user can go into Tools>Options>Notifications and set up their SMTP server info to send out the alert to either an email or a cell phone. If anyone needs to know how to get that rolling, PM me and I'l walk you through it. It's not that hard, though it may seem complicated at first.

I certainly wouldn't ask more of you, TAH, you've already done so much for this thread and the people in it. And I think it would be a good time to thank you again for all the work you've put in this for so long.
Currency is a joke. And that's precisely why I trade it.
  • #43,948
  • Feb 11, 2013 11:00am Feb 11, 2013 11:00am
Quoting MtDarkness
The code and the indy I linked are already set up for email alerts. I was hoping you could just read the actual alert part, since the code is based on MA's and pull it out to add to your own code. If you can't manage it, then I wouldn't worry about it. There shouldn't be a problem with others using that Indy from the other thread I linked or finding another indy. I would recommend Alert FX, but their MA/Price cross alert only goes up to MA's of 75.

As far as email goes, MT4 does the actual emailing/SMS-ing, not the code. You just gotta get the...
You confirmed that the email alert (yes, I have seen that before, and it is a simple line of code) uses the email address previously input into Tools/options/email, which I still do not know how to fill out. Anyway, should the next release include the alert filtering code (currently working fine), then how about you posting info on filling out the email address. Really, that is all that is needed at this point. I have already done all the work to define when the cross takes place and the direction of the cross. And the few words of text to include in the email alert are no problem. The problem was not seeing an email address that the alert would use. So, now we only need instructions for filling out the email address.

-tah
  • #43,949
  • Feb 11, 2013 11:09am Feb 11, 2013 11:09am
EU Comment:

My guess is the MMs are pumping the price back up ahead of more downside to begin maybe Wednesday +/-. If the MMs of the next asian session follow suit, then then next LS MMs continue, etc., the price could well be high enough (yellow area?) to begin the next slide down for good pips (1.3250 area?) without taking the price drastically lower than the last swing down, such as to cause loss of control.
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  • #43,950
  • Feb 11, 2013 11:22am Feb 11, 2013 11:22am
H4 candle pattern (PB), seems a rebound on a support.

M15 PA wave (L-H-HL). It seems that accompanies volume.

You think that is a good entry? Or would be better to wait until the PA crosses the EMA89? Or do I have no idea what I'm doing?
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Newbie trader
  • #43,951
  • Feb 11, 2013 11:41am Feb 11, 2013 11:41am
Quoting fex
H4 candle pattern (PB), seems a rebound on a support.

M15 PA wave (L-H-HL). It seems that accompanies volume.

You think that is a good entry? Or would be better to wait until the PA crosses the EMA89? Or do I have no idea what I'm doing?
I agree with all. One problem, though. Time of day. Will US MMs run price up all by themselves? Why? Wouldn't it be best for US MMs (if the "market" is going to drive the price higher") to pull it back down for more loading of longs? Won't the next asian session MMs think about doing that too?

So, there are some questions unanswered. This good looking setup, but late in the day (after LS entry) might go nowhere. Just have to wait and see. Even if US MMs do start a run higher, the asian session MMs might pull it right back down for themselves to go long.

Since we are outside of the LS now, I'd feel better about considering a long entry if the Dragon itself sported a "double bottom" following the drop today, which it doesn't at this time.


-tah
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  • #43,952
  • Feb 11, 2013 11:51am Feb 11, 2013 11:51am
Thank you very much for the help. As for "after LS entry", I know, and I have no forgiveness. The other will try to answer questions before the next trade. Thank you.
Quoting traderathome
Since we are outside of the LS now, I'd feel better about considering a long entry if the Dragon itself sported a "double bottom" following the drop today, which it doesn't at this time.
Ufff, that's too much for me...
Newbie trader
  • #43,953
  • Feb 11, 2013 4:34pm Feb 11, 2013 4:34pm
Quoting traderathome
You confirmed that the email alert (yes, I have seen that before, and it is a simple line of code) uses the email address previously input into Tools/options/email, which I still do not know how to fill out. Anyway, should the next release include the alert filtering code (currently working fine), then how about you posting info on filling out the email address. Really, that is all that is needed at this point. I have already done all the work to define when the cross takes place and the direction of the cross. And the few words of text to include...
Fair enough. It will be different for everyone so the best I can do is give general guidelines. Everyone with an internet connection has an internet service provider. That ISP has an assigned SMTP server address. In most cases, that ISP has also given everyone an email address login and password (i.e. [email protected] or something).

If you do not have this information, it will be necessary to obtain it from your provider. For those running MT4 on a Virtual Private Server (VPS or VDS), your VPS supplier will need to give you this information. So call them, get that info. Any tech support guy should have this info on hand. Recovering your ISP email and password shouldn't be hard either, provided you have your account #, are the one paying the bill, etc.

Once you have the SMTP server, your SMTP login and password, open MT4. Go to Tools>Options>Email (I know I said Notifications, but I was wrong, it's the Email tab.)

The first 3 entries are obvious- you have the information already at this point. Remember, the SMTP server will be like SMTP.windstream.com:25 type of format. The fourth and fifth say "From" and "To". This is where you put the sending email (From) and the receiving email (To). If you know how to forward email permissions, you can setup your yahoo, gmail, hotmail, etc account to send out the email, but for simplicity's sake, I strongly recommend using your previous SMTP login email. You can put the email you monitor in the "To" box as this is where your notifications will arrive.

"But MTD, I want a text sent to my phone!" That is easy. SMS is just email for a phone. Find your carrier on this site: http://www.makeuseof.com/tag/email-to-sms/ and then follow the format for your phone number. Remember, it's all just numbers, no dashes. (i.e. (903) 555-5151 with Sprint is [email protected]) Just plug that in the "To" box and you're set. Remember to check the "enable" box and dont forget to test.
Currency is a joke. And that's precisely why I trade it.
  • #43,954
  • Feb 11, 2013 5:38pm Feb 11, 2013 5:38pm
Hey TaH, please tell me which one you think draws the PA wave better or if you think both are drawn badly.
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  • #43,955
  • Edited 6:36pm Feb 11, 2013 6:19pm | Edited 6:36pm
Quoting Jon Reed
Hey TaH, please tell me which one you think draws the PA wave better or if you think both are drawn badly.
The one that picks up the most waves is best. Still, it is subjective, something you need to eyeball real-time....

....you see, there are always waves, and waves within waves. You need to have a clear chart of PA and to get used to watching PA behavior around S&R. There is no indicator that will do this job. Becoming a good trader requires screen time, not more indicators. Are you going to spend your screen time looking at indicator drawn waves between various highs and lows, or are you going to watch the PA itself? And which way do you think will, over time, help you turn yourself into the better trader?

-tah
  • #43,956
  • Feb 11, 2013 6:24pm Feb 11, 2013 6:24pm
Quoting traderathome
The one that picks up the most waves is best. Still, it is subjective, something you need to eyeball real-time....
Ok, do you feel like it represents the highs and lows pretty accurately? Or basically I guess the question I'm wondering is if it's ok to base trades off those PA waves?
  • #43,957
  • Edited 7:10pm Feb 11, 2013 6:53pm | Edited 7:10pm
Quoting Jon Reed
Ok, do you feel like it represents the highs and lows pretty accurately? Or basically I guess the question I'm wondering is if it's ok to base trades off those PA waves?
Is it okey? Only a period of testing can determine that, whereby you trade only per the indications of the indicators. I suggest you try it and find out, using a demo account, a good number of trades and decent period of time. But, if you want my opinion, no one should need an indicator to point out PA waves to them! If they can't read PA better than that, they probably should not be trading at all.

For example, here is a situation that came up in yesteday's trading. The PA wave (blue) was ok, right? Yes. And the Dragon was angled up, right? Yes. So, this was a valid setup? Well, nice looking alright, but EP was after the LS closed. I commented at the time about the possibility of US MMs/next asian session MMs maybe pulling price back down. Guess what happened. I added the channel lines and S&R (yellow) later.

See, indicators cannot devine the mind of the market. But, with enough screen time, you will possess an analyzing metric that no indicator, or combination of indicators, can replicate.........instinct! Now, do you want to forfeit developing that perceptive cognizance by wasting your time at the screen watching gurgitations of indicators?

-tah
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  • #43,958
  • Feb 11, 2013 6:56pm Feb 11, 2013 6:56pm
Quoting traderathome
Is it okey? Only a period of testing can determine that, whereby you trade only per the indications of the indicators. I suggest you try it and find out, using a demo account, a good number of trades and decent period of time. But, if you want my opinion, no one should need an indicator to point out PA waves to them! If they can't read PA better than that, they probably should not be trading at all.

-tah
I'm not using it for manual trading, trying to use it for the wave indicator for an EA
  • #43,959
  • Edited 9:12pm Feb 11, 2013 7:20pm | Edited 9:12pm
EU: "Pump 'n Dumb" day still not have idea for this Pair

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But after add Daily HAS..... (hope this can help)
I saw big drop will coming..

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  • #43,960
  • Feb 11, 2013 7:37pm Feb 11, 2013 7:37pm
EJ: Looking for new High?

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