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Sonic R. System

  • #49,921
  • May 29, 2013 6:17pm May 29, 2013 6:17pm
Hello everyone! What can you say NZDUSD based strategy Sonicr?
  • #49,922
  • May 29, 2013 6:26pm May 29, 2013 6:26pm
Quoting traderathome
{quote}Msis125125, One thousand pips, awesome! Regarding UJ, attached is M1 with an interesting situation. Before the rectangle we can see price was run up, stayed up there with some fluctuation, but then there was a strong volume down bar, presumed selling. This is just before the rectangle. Now, price is hiked even further (into the rectangle) and there are two interesting bars there: the hanging man which I presume to be selling and then an almost impossible to see bar that has the highest level of trading on the chart. Since this takes...

Now that true master explains everything, it makes sense Added trade based on Sonic Classic here it is.
Attached Image (click to enlarge)
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There is no spoon....
  • #49,923
  • May 29, 2013 6:36pm May 29, 2013 6:36pm
Quoting Trendoweek
Hello everyone! What can you say NZDUSD based strategy Sonicr?
Id say yes. Its a bit jerky, but yes applicable for Classic and Scout entries by SonicR.
There is no spoon....
  • #49,924
  • May 29, 2013 8:35pm May 29, 2013 8:35pm
UJ Short Trade:

Entered short #1, Scout. PVSRA: MMs hiked price and increased activity (M1 confirmed) = MMs are bears seeking higher prices to add shorts. No SL, no TP at this time, though I should think this will drop at least 100 pips to below RDL somewhere.
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  • #49,925
  • May 29, 2013 8:36pm May 29, 2013 8:36pm
Quoting traderathome
UJ Short Trade: Entered short #1, Scout. PVSRA: MMs hiked price and increased activity (M1 confirmed) = MMs are bears seeking higher prices to add shorts. {image}
Hey whats your TP traderathome.
Creditors have better memories than debtors.
  • #49,926
  • May 29, 2013 8:38pm May 29, 2013 8:38pm
PVSRA, AU: Bulls or Bears?

Obvious! Stab below whole number on, gee, nicely increased activity......
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  • #49,927
  • May 29, 2013 9:48pm May 29, 2013 9:48pm
Quoting traderathome
UJ Short Trade: Entered short #1, Scout. PVSRA: MMs hiked price and increased activity (M1 confirmed) = MMs are bears seeking higher prices to add shorts. No SL, no TP at this time, though I should think this will drop at least 100 pips to below RDL somewhere. {image}
UJ Short Trade:

Added short #2, Classic.
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  • #49,928
  • May 29, 2013 10:52pm May 29, 2013 10:52pm
5M chart. see some possibility to enter EU with Sonic classic setup.

Is it okay ??
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  • #49,929
  • May 29, 2013 11:06pm May 29, 2013 11:06pm
I'm seeing some Sonic classic on GU too.
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  • #49,930
  • May 30, 2013 12:22am May 30, 2013 12:22am
Quoting Justimun
I'm seeing some Sonic classic on GU too. {image}
Nice spot... There some news coming up with GBP/USD 2:15AM Eastern
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Creditors have better memories than debtors.
  • #49,931
  • Edited 12:53am May 30, 2013 12:24am | Edited 12:53am
A/U SHORT - PVSRA


Attached Image (click to enlarge)
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Comment: MM SEEMS TAKING PROFIT / HIGH VOLUME AT HIGH

Attached Pic 2

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Comment: Heavy Volume at High again.. with some struggling

Entry Point : 0.9689
Stop Loss : 0.9703


Risk 14 pips
Target : 28 pips - 42 pips (1:2 / 1:3) or set Trail Stop upon reaching + 25 pips with 20 points .

The story continue... part 3

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Trading is something special.
  • #49,932
  • May 30, 2013 1:02am May 30, 2013 1:02am
I have taken a position in the GJ and started building my position. Use caution on entering the GJ as this pair can be a fast mover and cause large draw downs. I use 1/2 of my usual entry on this pair. My TP is open at this time.
Attached Image(s) (click to enlarge)
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  • #49,933
  • May 30, 2013 1:08am May 30, 2013 1:08am
nice dojo on Aus/usd
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Creditors have better memories than debtors.
  • #49,934
  • May 30, 2013 1:14am May 30, 2013 1:14am
Quoting Tymedu
{quote} I need further confirmation to start shorting in EU. So far the price is around 1.295 but as u can see in the image attached, there are signs of weakness but there is demand as well. The black circles show how the volume increases at the highs but at the same time we had 2 bearish candles followed by bullish reaction (red circles). This could be interpreted like there is still demand and it's not ready to go lower. As I said, I will wait for further confirmation. If the MM's are switching to bears they could push the price higher now that...
EU:

Starting to build mid-term short position. As I said in my previous post, I wanted to identify the current phase and I think we are in a long redistribution phase. As you can see in the 1H chart, we are like in a wedge. Black circles showed how the price said 'yo, we are not ready' and the red circles confirm (at least in my point of view) how every time the price goes around that area, it's strongly rejected. Also, how are the bigger candles? Bearish.

In the 15M chart we have 2 examples of that (black circles) and the we have the biggest volume of the day (for now) in a small candle at the top. That small candle (why would the MMs go long there? nonsense) is followed by a bearish reaction and then it's followed by the price reaching 1.2975 area and increasing the volume. for me = bearish.

I will follow the 5+1 rule for this trade. So, for now, 1 bullet used. EP1 @1.29722
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To fail is just an opportunity to learn
  • #49,935
  • May 30, 2013 2:06am May 30, 2013 2:06am
GM - IMO its good to see some other approaches to the use of Sonic & TAH's great indicators.

My approach continues to be based on the use of the dragon on the 1m, 5m & 15m charts and I see that earlier baokydev used a similar idea for his 1 min entry.

We could see the rally in AU loosing power as its three moves up away from the 5m dragon became weaker - the dashed outer bands are +/- 4o pips from the dragon.......or use the Gann Angle tool to confirm this

Then we had high 1m volumes at Tuesday's highs, so for me an alert to watch closely and my "allowed" objective entry is the turning down of the 1m dragon - I've added a two colour centre line.

This gives me a scout type sell with a small risk as its against the 5m & 15m dragons and these can then be used for add-on entries IF price does continue down for a larger retrace and we can look for potential support off the 15m chart and fibonacci retracements.....
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Trading Levels with WRBs
  • #49,936
  • May 30, 2013 2:46am May 30, 2013 2:46am
Hi Guys,

on AU... i m not really sure if it's time to short. looking at M5 chart, it seems like Mms is building long. increasing volume noticed just below quarter , half and 3/4 level (red circles) which are the levels where Mms like to build their position. Just my observation though, i might be wrong
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  • #49,937
  • May 30, 2013 3:06am May 30, 2013 3:06am
EURUSD short scout
We can see increasing activity at highs, and volume dropping at lows. Im intent to think price will go higher and drop.
M1 dragon becom flat and some news are coming. My TP at PVT 1.29177. And classic short can be formed
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Be coherent with your strategy
  • #49,938
  • May 30, 2013 3:33am May 30, 2013 3:33am
Quoting wilo808
Hi Guys, on AU... i m not really sure if it's time to short. looking at M5 chart, it seems like Mms is building long. increasing volume noticed just below quarter , half and 3/4 level (red circles) which are the levels where Mms like to build their position. Just my observation though, i might be wrong {image}

I agree and as I mentioned these entries are against the 15m dragon.....already my SL gives me a profit and IF there is a push down to my target ~the 0.9650 level I will get ~60 pips from these two entries.....TWT
Attached Image (click to enlarge)
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Trading Levels with WRBs
  • #49,939
  • May 30, 2013 3:56am May 30, 2013 3:56am
Quoting Islander
GM - IMO its good to see some other approaches to the use of Sonic & TAH's great indicators. My approach continues to be based on the use of the dragon on the 1m, 5m & 15m charts and I see that earlier baokydev used a similar idea for his 1 min entry. We could see the rally in AU loosing power as its three moves up away from the 5m dragon became weaker - the dashed outer bands are +/- 4o pips from the dragon.......or use the Gann Angle tool to confirm this Then we had high 1m volumes at Tuesday's highs, so for me an alert to watch closely and...
Agree with you, it's very good to see different points of view, it's the perfect way to learn. In fact, imo your entries are perfect, even when they are the opposite of what I'm looking for. It depends if your are establishing short term trades or mid term trades.

Nice job and thanks for sharing your method, quite useful!
To fail is just an opportunity to learn
  • #49,940
  • May 30, 2013 4:05am May 30, 2013 4:05am
Quoting wilo808
Hi Guys, on AU... i m not really sure if it's time to short. looking at M5 chart, it seems like Mms is building long. increasing volume noticed just below quarter , half and 3/4 level (red circles) which are the levels where Mms like to build their position. Just my observation though, i might be wrong {image}
Hi wilo808.

I can explain you my point of view based on your image.

First circle: For me, that is a push up as you said, but if you see the reaction to that push is a bearish serie of candles. As I see, that could be a first signal of weakness but the reaction is so light, so I could wait further increase of the price.

Second and third circle: Especially the third one, look at it. Big green candle with a big shadow, followe by a bearish reaction again without volume. If you think about it, what's the point to long there, it's already at the top!

Conclusion: I think we are right now in a moment to wait the decision of the market. There is a temporal uptrend (and dragon in M5 and M15 confirm that) but I see weakness. Let's wait and observe, the price will give us enough information to clarify the direction, don't worry.

PS: I'm posting a lot, if you prefer me to be more quiet just tell me but I think it's good to share this thought.
To fail is just an opportunity to learn
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