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Sonic R. System

  • #49,421
  • May 22, 2013 1:23pm May 22, 2013 1:23pm
Dollar Driven

This afternoons (Europewise) action has been driven by the stronger dollar following Bernanke's testimony.

This can be seen in the green wide ranged semi marubozo at 14:00 GMT when price moved up more than 50 pips, breaking above last Friday's high of 103.30. This tick volume of 51,000 was the highest this year and that must be important as it was > 40% higher than any other hourly bar.....I found the similar action on other brokers.

Since then the action has been on greatly reduced volumes - and thus IMO - the PA is less important.

AMT - via the right side histogram - tells us the expect the 102.90 or even 102.50 areas to be revisited in any continuing rally.

However as the main US traders now think about finishing their day, attention will shift to the Australasian markets, especially Tokyo and their reaction will hopefully give clues as to any possible end to this Yen weakness - although we may have to wait for Mr Kuroda's next utterances early on Friday morning....TWT
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Trading Levels with WRBs
  • #49,422
  • May 22, 2013 1:30pm May 22, 2013 1:30pm
Just Another Ole' Comment

I have to laugh at the folks that only drop in from time to time to "bless" us with their words of wisdom, some of which they claim come from their "very knowledgeable" friends that are professionals in the business. These infrequent, but negative visitors, just love to take a crack at me, too!

Well, here is my response to those that came earlier, proclaiming they have in on good word from their "professional" friends that the markets are not manipulated........
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  • #49,423
  • May 22, 2013 1:44pm May 22, 2013 1:44pm
Quoting traderathome
Comment: YEN Pairs Guess who's coming to dinner? Yep, again! In the early hours of the Asian session on Friday (last day of week), our favoite "talking head" Mr. Kuroda of BOJ will be speaking once more. Again! What? Good grief! With some of the YEN pairs showing bear wedges on the Day chart, and with their volumes generally on the decline, one might think a new weather front is drifting in. The climate might change. This Friday might not be such a "dead pan day". Well, let's wait and see. BTW, .......EJ. Well, stranger things have happened....
Gee, Even Before Kuroda....

Like we should be surprised?
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  • #49,424
  • May 22, 2013 1:50pm May 22, 2013 1:50pm
Market Comment

Is the dollar strengthening?

EJ is dropping and if the dollar was strengthening then EU should be also,......well judge for yourself. Has it dropped all that much? PVSRA indicates the MMs are bulls on EU.
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  • #49,425
  • May 22, 2013 2:05pm May 22, 2013 2:05pm
PVSRA . GU Scout MM adding LONG position at LOW near whole number 1.50

MM Accumulating Cheap Long... at M1
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MM push price down with News.. adding new long as seen in M1
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Comment: High volume as price get lower.

Fundamental - GBP upcoming :
Second Estimate GDP q/q

Prelim Business Investment q/q

Expected improvement / same as forecast result.

Also the focus will be on Unemployment Claims & New Home Sales .. which will decide whether QE for USD will be taper on the next FOMC meeting at june.
Trading is something special.
  • #49,426
  • Edited 2:45pm May 22, 2013 2:11pm | Edited 2:45pm
UJ:

First EJ broke down thru it's whole number SR, for a good move. AJ and GJ might be starting. Will UJ be the last?


Edit (about 30 minutes later): There it goes (pic2)! Isn't it amazing that the MMs knew just enough in advance, to hike the price above the 1/2SR and do a shitload of trading? And now, down it goes. Surprise! Surprise!......

......well, not for PVSRA! It has been indicating the MMs were bears for some time now.
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  • #49,427
  • May 22, 2013 2:50pm May 22, 2013 2:50pm
I was expecting this to happened I caught the move upside a little bit late but i bought eur/jpy 133.43 close at 133.68 and then sell 133.62 catch nice move, I bank around 140 dollars on both way up and down, and now i will build up short position, we have nice Eliot wave and I thing now we should have correction to up side a little but lets see
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  • #49,428
  • May 22, 2013 2:54pm May 22, 2013 2:54pm
It Bares Repeating.....

I certainly think so!
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  • #49,429
  • May 22, 2013 2:59pm May 22, 2013 2:59pm
Quoting TheDivine
I was expecting this to happened I caught the move upside a little bit late but i bought eur/jpy 133.43 close at 133.68 and then sell 133.62 catch nice move, I bank around 140 dollars on both way up and down, and now i will build up short position, we have nice Eliot wave and I thing now we should have correction to up side a little but lets see {image}
You are in the wrong thread.

We don't use that "stuff" you have on your charts. This is the Sonic R. System.

And you didn't even bother to post before, when you were "expecting", as is the custom here,.....i.e., post real-time or forget posting.

As far as your "trade" goes, if you didn't post it per Sonic R. when you made it, nobody cares.


-tah
  • #49,430
  • May 22, 2013 3:07pm May 22, 2013 3:07pm
Quoting traderathome
{quote}You are in the wrong thread. We don't use that "stuff" you have on your charts. This is the Sonic R. System. And you didn't even bother to post before, when you were "expecting", as is the custom here,.....i.e., post real-time or forget posting. As far as your "trade" goes, if you didn't post it per Sonic R. when you made it, nobody cares. -tah

Ouch, TAH is a bad mood! Easy tiger! Although you are right, also I would like to, well beg now, please people post charts under your post.
There is no spoon....
  • #49,431
  • May 22, 2013 3:16pm May 22, 2013 3:16pm
Quoting Msis125125
{quote} Ouch, TAH is a bad mood! Easy tiger! Although you are right, also I would like to, well beg now, please people post charts under your post.
Msis125125,

For my part, I did not repeat post the offender's chart. Why give crap more "air time"? He is not a Sonicer. Just view his FF posts and see that fact for yourself! One can only guess as to why he posted here at all, since his post has absolutely no redeeming value to Sonicers.

BTW, where is your chart?
  • #49,432
  • Edited 3:42pm May 22, 2013 3:29pm | Edited 3:42pm
Put PVSRA to Good Use

Now that price is moved back up thru the whole number SR, use PVSRA to determine if MMs are bulls or bears. If bears, then you have confirmation for this Classic short setup.

BTW, note that there is a possible H&S formation here, with neckline points just below 3/4SR and target around 101.66. Not valid, of course, until neckline is broken.

-tah
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  • #49,433
  • May 22, 2013 4:03pm May 22, 2013 4:03pm
Spotted: Gj double top.
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Price Is The Best Indicator Itself.
  • #49,434
  • May 22, 2013 4:24pm May 22, 2013 4:24pm
Quoting traderathome
Market Comment Is the dollar strengthening? EJ is dropping and if the dollar was strengthening then EU should be also,......well judge for yourself. Has it dropped all that much? PVSRA indicates the MMs are bulls on EU. {image}
If you view the 5m or 15m charts, then IMO the dollar - using the Swissy as a proxy - has strengthened since the BB news release at 14:00 gmt and the Euro has has weakened.

Lets see what tomorrow brings....and the next few hours for EJ......
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Trading Levels with WRBs
  • #49,435
  • May 22, 2013 4:59pm May 22, 2013 4:59pm
Quoting Islander
{quote} If you view the 5m or 15m charts, then IMO the dollar - using the Swissy as a proxy - has strengthened since the BB news release at 14:00 gmt and the Euro has has weakened. Lets see what tomorrow brings....and the next few hours for EJ...... {image}
Islander,

Take a look at those two red candles striking below half number SR, particularly the second one. That was a lot of trading. PVSRA uses such strikes below key SR on or followed by higher activity as indications the MMs are bulls, seeking lower prices to close shorts/add longs. My guess, and that is all it can be, is that such a large amount of buying below the half number SR was made possible only because so many believed the "dollar strengthening" story and had pending short orders below the half number. So, the bull MMs went below the half number, triggered those shorts and thereby got their orders filled.

I grant you that for so long as EU pricing continues sideways now, we might not get further clues, one way or the other. Time will tell.
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  • #49,436
  • May 22, 2013 5:28pm May 22, 2013 5:28pm
TAH what do you think of that? I been trying PVRSA on EURGBP and seems that I have missed a bit, can you correct me please?
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There is no spoon....
  • #49,437
  • May 22, 2013 9:00pm May 22, 2013 9:00pm
Quoting Msis125125
TAH what do you think of that? I been trying PVRSA on EURGBP and seems that I have missed a bit, can you correct me please? {image}
EG:

Doesn't appear you missed anything. Sonic might say you did not wait sufficiently for confirming PA, which an entry another ten pips lower might appease, at least past the half-way mark of previous high-low consolidation area, or maybe even after price dropped past that entire area of previous consolidation. Sonic mentioned using M1, so maybe you were ok based on that, don't know. Seems you have the idea, alright.
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  • #49,438
  • Edited 9:47pm May 22, 2013 9:06pm | Edited 9:47pm
UChf Short Trade:

Entered short trade #1, a Scout based on Classic setup at whole number on M5 following several PVSRA price punches up thru 1/4SR yesterday with high volume, which indicates the MMs are bears.

This is my first Scout trade attempting to abide by Master Sonicdeejay's example, in that the trade is based on the results of the analysis that is PVSRA, but the trade is not entered until there is additional sufficient PA to confirm that maybe the MMs have truly reversed PA for a run for profits. In this case, I am using the M5 Classic setup at the whole number as that additional and sufficiently confirming PA.
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  • #49,439
  • May 22, 2013 10:24pm May 22, 2013 10:24pm
TAH. This is what i see in EJ. It is go down like we want it. However in H4 it do not break the SR. Is this still gonna go down?
For me I am still gonna wait till LO. And to me seeing that chart i am still bull in EJ
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Money Management and Patience is the Key
  • #49,440
  • May 22, 2013 10:42pm May 22, 2013 10:42pm
Quoting traderathome
MT4 Running Slow? Try blaming in on the broker's server, not the indicators! This became a busy, busy day and broker servers had to try and keep up with it. Upgrades on all the previous indys effectively made them faster, not slower. Only the Alerts might be suspect. The volume alert is not new, so that leaves the single new indicator, Trade Levels, which if you have it off is just like not even having it. Therefore, it points back to the broker server, and it simply slows down a bit when the market traffic picks up. And some broker servers might...
There is no problems with broker. There is only problem with New Dragon Filled indi.
Hope you will be able to check it. Thanks in advance!
Everything is possible!!! Step by Step...
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