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Sonic R. System

  • #47,381
  • Apr 25, 2013 9:35am Apr 25, 2013 9:35am
Quoting ebabra
{quote} Hi Master, In case we need really those for confirmation, which setting do you recommend for 15m TF? thanks
Hilarious!
I literally laught out loud
Thank you

Joke aside; we don't use any indicators other than dragon, trend and volume.

This indicator junkie joke started from this:
http://www.forexfactory.com/showthre...69#post6636169

Read post 1 and follow the thread!
I know the secret...
  • #47,382
  • Apr 25, 2013 9:43am Apr 25, 2013 9:43am
Quoting JRissa
{quote} Hilarious! I literally laught out loud Thank you Joke aside; we don't use any indicators other than dragon, trend and volume. This indicator junkie joke started from this: http://www.forexfactory.com/showthre...69#post6636169 Read post 1 and follow the thread!
I know it well, for that i mentioned Confirmation,
  • #47,383
  • Apr 25, 2013 9:52am Apr 25, 2013 9:52am
UChf scout short 0.9464 TP 0.9404 SL 0.9500
Reason is PA with Volume on M1 and RWH resistance
Pls suggest,
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  • #47,384
  • Apr 25, 2013 10:15am Apr 25, 2013 10:15am
Quoting tumjiradet
UChf scout short 0.9464 TP 0.9404 SL 0.9500 Reason is PA with Volume on M1 and RWH resistance Pls suggest, {image}

Perfect entry!!!
  • #47,385
  • Apr 25, 2013 10:28am Apr 25, 2013 10:28am
Quoting hansma
{quote} Still building longs - same target 1.3097 Regards, H. {image}
Done building positions at the original ep point - now waiting time

Regards,

H.
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"The future is already written in the past"
  • #47,386
  • Apr 25, 2013 10:52am Apr 25, 2013 10:52am
Quoting hansma
{quote} Done building positions at the original ep point - now waiting time Regards, H. {image}
Today's move should be over with an up move of 100-pips and a down move of 100-pips.
Very volatile today for only 2 Red news items.

Price drop at a nice Supply Zone around 1.3080-1.3090.

My shorts too early before news around 1.306x and ate SL instead.

Previous Demand Zone 1.299x may not hold.

Looks like momentum have shift to Shorts.
Price may drift upwards to 1.302x that looks like new Supply Zone.

Wait till Fri to re-evaluate.
  • #47,387
  • Apr 25, 2013 11:23am Apr 25, 2013 11:23am
Quoting foxybunny
{quote} Today's move should be over with an up move of 100-pips and a down move of 100-pips. Very volatile today for only 2 Red news items. Price drop at a nice Supply Zone around 1.3080-1.3090. My shorts too early before news around 1.306x and ate SL instead. Previous Demand Zone 1.299x may not hold. Looks like momentum have shift to Shorts. Price may drift upwards to 1.302x that looks like new Supply Zone. Wait till Fri to re-evaluate.
If you look at other USD pairs, you will see how little affect those had on news. This reason with seeing these huge volumes at lowest prices on EU, keeps me thinking that this move was just manipulation by MM's to get more longs before starting MARK UP run. They could not have enough time to get rid of all those longs they are holding.

Just speculating here
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I know the secret...
  • #47,388
  • Apr 25, 2013 11:33am Apr 25, 2013 11:33am
Quoting JRissa
{quote} If you look at other USD pairs, you will see how little affect those had on news. This reason with seeing these huge volumes at lowest prices on EU, keeps me thinking that this move was just manipulation by MM's to get more longs before starting MARK UP run. They could not have enough time to get rid of all those longs they are holding. Just speculating here {image}

My thought also... running stops and building liquidity for their next move

Hence my posistions long.


Regards,

H.
"The future is already written in the past"
  • #47,389
  • Apr 25, 2013 11:47am Apr 25, 2013 11:47am
Quoting Amadeus8
TOLD CHA! {image} {image}
What you suggested, or "told" was to expect a bit of a move down, and by your circling of volume you were suggesting that volume was part of a "signal" that it would happen.

Yes, it moved down a bit and I agreed at the time it might, but that if it did it had nothing to do with the volume you circled because PVSRA said the MMs were bulls, and the MMs are still bulls. Other experienced traders here like Hansma and JRissa understand that, whether they use PVSRA or not.

So, I reiterate to all Sonicers that you were improperly associating volume to your display of a possible price move (any move is always possible), and I say to all Sonicers to follow my posts or JRissa's posts when it comes to the improved use of volume via PVSRA, and to pay heed to Hansma's posts too. He is seldom wrong.

-tah
  • #47,390
  • Apr 25, 2013 11:48am Apr 25, 2013 11:48am
Quoting JRissa
{quote} If you look at other USD pairs, you will see how little affect those had on news. This reason with seeing these huge volumes at lowest prices on EU, keeps me thinking that this move was just manipulation by MM's to get more longs before starting MARK UP run. They could not have enough time to get rid of all those longs they are holding. Just speculating here {image}
Wouldn't that mean EJ will be long too?
“A year from now you will wish you had started today.” -Karen Lamb
  • #47,391
  • Apr 25, 2013 11:53am Apr 25, 2013 11:53am
Quoting traderathome
{quote} What you suggested, or "told" was to expect a bit of a move down, and by your circling of volume you were suggesting that volume was part of a "signal" that it would happen. Yes, it moved down a bit and I agreed at the time it might, but that if it did it had nothing to do with the volume you circled because PVSRA said the MMs were bulls, and the MMs are still bulls. Other experienced traders here like Hansma and JRissa understand that, whether they use PVSRA or not. So, I reiterate to all Sonicers that you were improperly associating...
I circled it because there was a volume red bar after the breakout plus fractals...so supply was coming...It was a clear pullback.
  • #47,392
  • Apr 25, 2013 12:00pm Apr 25, 2013 12:00pm
Quoting hansma
{quote} My thought also... running stops and building liquidity for their next move Hence my posistions long. Regards, H.
It might also be that we are wrong, newer know

Different kind of view for EURO situation is that export sales have been degreased 30% in first quarter. If euro would lose some of its price, that would help export sales. So that weekly H/S pattern would bring euro down to 1.1x-1.2x level. Everything is possible! We just need to read the CURRENT situation and follow the price

For now, it seems that MM's remain bulls.
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I know the secret...
  • #47,393
  • Apr 25, 2013 12:21pm Apr 25, 2013 12:21pm
JRissa, I'm seeing on EJ that the highest volumes are at the lows, yet you told today that you are bearish on this pair. Would you care to explain why?
“A year from now you will wish you had started today.” -Karen Lamb
  • #47,394
  • Apr 25, 2013 12:23pm Apr 25, 2013 12:23pm
EU, MMs Bulls or Bears?

PVSRA shows the way......
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  • #47,395
  • Apr 25, 2013 12:31pm Apr 25, 2013 12:31pm
Quoting Amadeus8
{quote} I circled it because there was a volume red bar after the breakout plus fractals...so supply was coming...It was a clear pullback.
Superfluous "Analysis"

Ok, now it is clear. You saw a red bar and incorporated it into your list of reasons to expect a pullback. Colors simply denote if bull or bear candle, not if MMs are bulls or bears. Bull MMs can put on bear PA moves, which in this case they did. Bear MMs can put on bull PA moves, too. If you simply look at the colors of volume bars and associated candles you are engaged in nothing more than a superfluous assumption regarding what volume means, not a competant analysis.

Sonicers, I hope you understand what I am saying here. Do not be led astray with predictions of price movement. We can never know how price will move. We can know if the MMs are bulls or bears, and accordingly take advantage of how the price moves when appropriate.

-tah
  • #47,396
  • Edited 1:59pm Apr 25, 2013 12:33pm | Edited 1:59pm
Quoting traderathome
EU, MMs Bulls or Bears? PVSRA shows the way......
EU could be in this Phase, ...
Let us return to look more closely at what happens when professional money pushes up through a potential
area of supply. Old trading ranges form resistance areas, because it is a known supply level. Human
behavior will never change and the actions of the herd are well documented. Of the traders that had been
buying into the market within the old trading area, many are still in there and have been locked-in by a
down-move – the chart below illustrates this. The main concern for these locked-in traders is to sell and
recover as much as they can, hopefully without losses. As such, they represent potential supply (resistance)
to the market.
The market-makers know exactly where these resistance areas are. If they are bullish, and higher prices are
anticipated, the market-maker will certainly want a rally. The problem now is how to avoid being forced to
buy stock from these locked-in traders at what, to them, may appear to be high prices.
Any supply area can be compared to the frequent and hated toll gates placed across roads in olden days.
Your progress was constantly impeded by having to stop and pay your toll fee if you wanted to go further.
In the stock market, higher prices are frequently blocked by a variety of traders who already hold poor
trading positions and want to sell. If the specialists or market-makers are expecting higher prices they will
have to pay their toll by absorbing any selling from these traders, but they will try and avoid or limit this
toll fee by all means.
So how do the market-makers cope with this problem?

A rapid, wide spread, or gaping, up through an old area of supply as quickly as possible, is an old and
trusted method. To the informed trader, we now have a clear sign of strength. The stock specialist does not
want to have to buy stock at high prices. He has already bought his main holding at lower levels.
Therefore, the locked-in traders must be encouraged not to sell. As the market approaches the area at
which the locked-in traders could sell out without a loss, the price rockets, gaping up, or shooting up on a
wide spread. This phenomenon can be seen on the previous chart.
The locked-in traders who have been concerned over potential losses will now suddenly be showing a
profit and will be tempted not to sell as the stress of a potential loss now turns to elation. As these traders
allowed themselves to be trapped in the first place, it is liable to happen to them again at even higher prices.
Gaping up and through resistance on wide spreads is a tried and tested manoeuvre by market-makers and
specialists to limit the amount of stock having to be bought to keep the rally going – a way of avoiding the
toll gates. The example on the attached chart is on a daily time frame, but these principles will appear on any
chart because this is the way professional traders behave.

If you observe high volume accompanying wide spreads up, this shows that the professional money was
prepared to absorb any selling from those locked-in traders who decided to sell – this is known as
absorption volume. In this situation, the market-makers anticipate higher prices and are bullish. They
know that a breakout above an old trading area will create a new wave of buying. In addition, those traders
who have shorted the market will now be forced to cover their poor positions by buying as well.
Furthermore, traders that are looking for breakouts will buy. Finally, all those traders not in the market
may feel they are missing out and will be encouraged to start buying. This all adds to the professional
bullish positions. If you see any testing or down-bars on low volume after this event, it is a very strong buy
signal.


Source, Master the Market, Page 34-35
http://vsa.pipbuilders.com/mtmv3.pdf
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  • #47,397
  • Apr 25, 2013 12:39pm Apr 25, 2013 12:39pm
Quoting bogdan89
JRissa, I'm seeing on EJ that the highest volumes are at the lows, yet you told today that you are bearish on this pair. Would you care to explain why?
No Pic., no Post!

Again! No pic.,no post! If you "see" something then post a chart clearly marking what it is you see. How do you expect others to know what you are talking about without more clearly explaining yourself. Post a picture of this so then I, or JRissa can answer without wasting our time, and so reading Sonicers can quickly see what this is all about, question and answer, to learn more easily.

Thank you,
-tah
  • #47,398
  • Apr 25, 2013 12:47pm Apr 25, 2013 12:47pm
Quoting bogdan89
JRissa, I'm seeing on EJ that the highest volumes are at the lows, yet you told today that you are bearish on this pair. Would you care to explain why?
Ok, here's the chart:
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The price gets rejected below round number with high volumes.
“A year from now you will wish you had started today.” -Karen Lamb
  • #47,399
  • Edited 1:06pm Apr 25, 2013 12:50pm | Edited 1:06pm
Quoting ebabra
{quote} EU could be in this Phase, ... Let us return to look more closely at what happens when professional money pushes up through a potential area of supply. Old trading ranges form resistance areas, because it is a known supply level. Human behavior will never change and the actions of the herd are well documented. Of the traders that had been buying into the market within the old trading area, many are still in there and have been locked-in by a down-move – the chart below illustrates this. The main concern for these locked-in traders is...
How the Market Works

ebabra,

This is truly a contribution on your part involving no small effort. And it is a valuable contribution because no matter where it came from, traders not understanding how the market works now have, thanks to you posting this, another chance to learn.

ebabra, I thank you and I thank you on behalf of all Sonicers.

Sonicers, ebabra has made quite an effort to provide this information and I reccomend all to read this thoroughly, slowly, and maybe at least several times in order to help get this information absorbed and retained. It is that important, that valuable! Until you have absorbed and retained, I also recommend you earmark this post and start each trading day with another reading of it.

Sonicers, if you have good understanding and command of this knowledge then your PVSRA can only improve!

-tah
  • #47,400
  • Apr 25, 2013 12:58pm Apr 25, 2013 12:58pm
Long EURCAD. I hope that will go up. I see a strong a support on H4.
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