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Sonic R. System

  • #50,241
  • Jun 3, 2013 6:24pm Jun 3, 2013 6:24pm
Quoting traderathome
{quote} GJ Short Trade: Added short trade #7, Classic re-entry. PVSRA: MMs hiked price above whole number again, presumably for more selling. {image}
GJ Short Trade:

Added short trade #8, Scout. M1 PVSRA shows MMs drove price above half number SR on very active trading up, and holding it up there, indicating the MMs are bears seeking higher prices to build their short positions. No SL, and TP is adjusted for this additional trade component and remains tentative.
Attached Image (click to enlarge)
Click to Enlarge Name: june 2013 - 014.png Size: 46 KB
  • #50,242
  • Jun 3, 2013 6:38pm Jun 3, 2013 6:38pm
UJ Short Trade:

Entered short trade #1, Scout. M1 PVSRA shows MMs extremely active once they got the price above the half number SR, indicating they are bears that are driving price up to build their short positions. If they push this sufficiently higher, I intend to add another short trade component.
Attached Image (click to enlarge)
Click to Enlarge Name: june 2013 - 015.png Size: 36 KB
  • #50,243
  • Jun 3, 2013 6:47pm Jun 3, 2013 6:47pm
Quoting traderathome
UJ Short Trade: Entered short trade #1, Scout. M1 PVSRA shows MMs extremely active once they got the price above the half number SR, indicating they are bears that are driving price up to build their short positions. If they push this sufficiently higher, I intend to add another short trade component. {image}

What do you say about the MM's when they drove the price down through the whole number at 100? Their activity was much greater then and then when it came to the whole number 99, there was stopping volume. Am I misinterpreting the volume through the 100 level and if so why?

Thank you in advance.
  • #50,244
  • Edited 9:01pm Jun 3, 2013 8:02pm | Edited 9:01pm
Quoting St3ve
New pre-release version of TAH's "SonicR Trade Levels" indicator {quote} Feature added in this version. Some feedback if it is working as expected would be great! {quote} I temporarily added a new variable in the indicator settings named "Pip_Value_Correction". Could you please try to change this e.g. to 1000 and check if the estimated pips are correct? steve {file}
I made some change on it. The EPs were being updated in ascendent order, displaying last order as EP_1, with this fix all EPs will display correctly.

Regards .

Reuploaded ---------> http://www.forexfactory.com/showthre...05#post6727005
"Don't pretend that things will change, if you always do the same" A.E.
  • #50,245
  • Jun 3, 2013 8:05pm Jun 3, 2013 8:05pm
Quoting apock
{quote} I made some change on it. The EPs were being updated in ascendent order, displaying last order as EP_1, with this fix all EPs will display correctly. Regards . {file}
Thanks APOCK!
Creditors have better memories than debtors.
  • #50,246
  • Jun 3, 2013 8:27pm Jun 3, 2013 8:27pm
Quoting apock
{quote} I made some change on it. The EPs were being updated in ascendent order, displaying last order as EP_1, with this fix all EPs will display correctly. Regards . {file}
Muchas gracias desde España! Apock! Thanks
All my trades are in demo, dont do these things at home without permission!
  • #50,247
  • Jun 3, 2013 8:54pm Jun 3, 2013 8:54pm
I have added a second trade to my USD CHF long position. See Chart.

I am still holding the GBP.JPY short looking for a much larger move to the down side.

I am also short the EU and have taken a small short position on the GU. See Chart.
Attached Image(s) (click to enlarge)
Click to Enlarge Name: USD CHF long 15min.jpg Size: 288 KB
Click to Enlarge Name: GU Short 15min.jpg Size: 258 KB
  • #50,248
  • Jun 3, 2013 8:54pm Jun 3, 2013 8:54pm
Quoting apock
{quote} I made some change on it. The EPs were being updated in ascendent order, displaying last order as EP_1, with this fix all EPs will display correctly. Regards . {file}
Re-upload. The algorithm had problems with orders opened in different pairs.
Attached File(s)
File Type: mq4 SonicR Trade Levels.mq4   32 KB | 575 downloads
"Don't pretend that things will change, if you always do the same" A.E.
  • #50,249
  • Jun 3, 2013 9:19pm Jun 3, 2013 9:19pm
Quoting worldfreedom
I have added a second trade to my USD CHF long position. See Chart. I am still holding the GBP.JPY short looking for a much larger move to the down side. I am also short the EU and have taken a small short position on the GU. See Chart. {image} {image}
Nice! And perfect visual explanation! Thanks! Time to go bed!
All my trades are in demo, dont do these things at home without permission!
  • #50,250
  • Jun 3, 2013 10:35pm Jun 3, 2013 10:35pm
Quoting francus
{quote} EP3 short joined at breakout of m15 bottom. already put trade at be. Timing was made by m1 chart, at break of small red candle {image} {image}
TP not touched. SL hit on all postions at be. Looking for reentry into shorts side.We can see good signs of bears in m1 and m5 charts. Price rejected whole number with big volume, and other highs activly traded.
Attached Image(s) (click to enlarge)
Click to Enlarge Name: eurusdmm15.png Size: 70 KB
Click to Enlarge Name: eurusdmm5.png Size: 86 KB
Click to Enlarge Name: eurusdmm1.png Size: 84 KB
Be coherent with your strategy
  • #50,251
  • Edited 11:12pm Jun 3, 2013 10:53pm | Edited 11:12pm
Quoting traderathome
UJ Short Trade: Entered short trade #1, Scout. M1 PVSRA shows MMs extremely active once they got the price above the half number SR, indicating they are bears that are driving price up to build their short positions. If they push this sufficiently higher, I intend to add another short trade component. {image}
Quoting SmoothTrader
{quote} What do you say about the MM's when they drove the price down through the whole number at 100? Their activity was much greater then and then when it came to the whole number 99, there was stopping volume. Am I misinterpreting the volume through the 100 level and if so why? Thank you in advance.
PVSRA, UJ: Bulls or Bears?

You have the right call on it; bears down thru the 100 whole number area and then bears putting on "stopping" volume at the 99 whole number area. Why stopping volume? The bears don't want it lower because they have more shorts to build. They only halted the drop, then hiked the price back up thru the half number, even thru the 3/4SR level, and then sold off heavily again. The bears are doing a lot of shorting, but also keeping the price from just straight falling deep. The more times they can hike the price and draw in longs so they can short more, the more shorts they will have as the price eventually goes lower. Also, no doubt some profit taking occurs, then they rehike the price and rebuild that part of their short position which they sold off. Just my take on it.
Attached Image (click to enlarge)
Click to Enlarge Name: june 2013 - 016.png Size: 36 KB
  • #50,252
  • Jun 3, 2013 10:56pm Jun 3, 2013 10:56pm
Quoting traderathome
{quote} Show a pic labeled to point out what you are talking about.
I was speaking of your picture:

http://www.forexfactory.com/attachme...1&d=1370302554
  • #50,253
  • Jun 3, 2013 11:42pm Jun 3, 2013 11:42pm
Quoting traderathome
{quote} GJ Short Trade: Added short trade #8, Scout. M1 PVSRA shows MMs drove price above half number SR on very active trading up, and holding it up there, indicating the MMs are bears seeking higher prices to build their short positions. No SL, and TP is adjusted for this additional trade component and remains tentative. {image}
GJ Short Trade:

Added short trade #9, Scout. M1 PVSRA shows MMs driving price up thru 3/4SR on high activity, and followed by sustained high activity, indicating the MMs are bears driving price up to add shorts. No SL, Reset TP which remains tentative.
Attached Image (click to enlarge)
Click to Enlarge Name: june 2013 - 017.png Size: 47 KB
  • #50,254
  • Edited Jun 4, 2013 12:57am Jun 3, 2013 11:57pm | Edited Jun 4, 2013 12:57am
Quoting traderathome
UJ Short Trade: Entered short trade #1, Scout. M1 PVSRA shows MMs extremely active once they got the price above the half number SR, indicating they are bears that are driving price up to build their short positions. If they push this sufficiently higher, I intend to add another short trade component. {image}
UJ Short Trade:

Added short trade #2, Scout. M1 PVSRA show no astounding volume as price was driven up thru the 3/4SR, but still the move was followed by high trading, so still indicating the MMs are bears shorting at the higher prices they achieve. Afterwards, there followed a high activity selloff from the highs. The SL is mental. The TP is adusted for this addition, and remains tentative.

Edit: Added short trade #3, Scout. Same story. Changed mental SL, adjusted tentative TP. Added 2nd pic.
Edit: Added short trade #4, Scout. Same story. Changed mental SL, adjusted tentative TP. Updated 2nd pic.
Attached Image(s) (click to enlarge)
Click to Enlarge Name: june 2013 - 018.png Size: 39 KB
Click to Enlarge Name: june 2013 - 020.png Size: 42 KB
  • #50,255
  • Jun 4, 2013 12:40am Jun 4, 2013 12:40am
Have closed all my long trade entered at 151.95 and 152.10 at 152.90 because MM have started opening short close to WPP i have opened scout #2 will wait and see if MM will push above whole number 153.00 and enter more scout above that area...
Attached Image (click to enlarge)
Click to Enlarge Name: gbpjpym1.png Size: 39 KB
  • #50,256
  • Jun 4, 2013 1:05am Jun 4, 2013 1:05am
Quoting traderathome
{quote} GJ Short Trade: Added short trade #9, Scout. M1 PVSRA shows MMs driving price up thru 3/4SR on high activity, and followed by sustained high activity, indicating the MMs are bears driving price up to add shorts. No SL, Reset TP which remains tentative. {image}
GJ Short Trade:

Added short trade #10, Scout. M1 PVSRA shows price being cycled up with highest trading at the highs of each cycle, indicating the MMs are bears and are shorting at the successive highs achieved. No SL. TP adjusted and remains tentative.
Attached Image (click to enlarge)
Click to Enlarge Name: june 2013 - 021.png Size: 48 KB
  • #50,257
  • Jun 4, 2013 1:34am Jun 4, 2013 1:34am
Quoting traderathome
{quote} UJ Short Trade: Added short trade #2, Scout. M1 PVSRA show no astounding volume as price was driven up thru the 3/4SR, but still the move was followed by high trading, so still indicating the MMs are bears shorting at the higher prices they achieve. Afterwards, there followed a high activity selloff from the highs. The SL is mental. The TP is adusted for this addition, and remains tentative. Edit: Added short trade #3, Scout. Same story. Changed mental SL, adjusted tentative TP. Added 2nd pic. Edit: Added short trade #4, Scout. Same story....
UJ Short Trade:

Added short trades #5, #6 and #7, Scouts. The MMs just had themselves a field day running up the YEN pairs. You'd think that was bullish, but the higher they pumped them the more they traded. M1 PVSRA shows greatly increased trading once the MMs got the price above the whole number = they are BEARS! Updated SL (mental) and tentative TP.
Attached Image (click to enlarge)
Click to Enlarge Name: june 2013 - 022.png Size: 44 KB
  • #50,258
  • Jun 4, 2013 1:40am Jun 4, 2013 1:40am
Quoting traderathome
{quote} UJ Short Trade: Added short trades #5, #6 and #7, Scouts. The MMs just had themselves a field day running up the YEN pairs. You'd think that was bullish, but the higher they pumped them the more they traded. M1 PVSRA shows greatly increased trading once the MMs got the price above the whole number = they are BEARS! Updated SL (mental) and tentative TP. {image}
I'm bullish there but you are completely right. That push before London... I didn't expect that to be honest. I'll work with tight stops now that I have all orders in positive. I still think they are bullish in the mid term but this seems a clear push to drive down the price again.
To fail is just an opportunity to learn
  • #50,259
  • Jun 4, 2013 1:44am Jun 4, 2013 1:44am
Traderathome,

Thank you for your reply to my questions. I have also begun to probe the short side with some "scouts" just below and just above the whole number at 100. lets see where London and NY take it from here.

Many pips to you.
  • #50,260
  • Jun 4, 2013 1:50am Jun 4, 2013 1:50am
Entered GJ short on push above 1/2 number. This is number 5. Are MM's Bulls or Bears?
Attached Image(s) (click to enlarge)
Click to Enlarge Name: GJ short EP 5 1min.jpg Size: 220 KB
Click to Enlarge Name: GJ Short EP 5 5min.jpg Size: 265 KB
Click to Enlarge Name: GJ short EP 5 15min.jpg Size: 266 KB
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