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Sonic R. System

  • #53,121
  • Jul 9, 2013 11:45am Jul 9, 2013 11:45am
Earlier this afternoon I said I had bought Cable and here's what I did - I forgot about posting this as the subsequent sell offs in Ero and Cable - IMO mainly due to dollar strength - kept me rather busy

The chart tells all and not only was that low ~todays' RDL level, but also the low 102 days ago - a level all Cable traders should be very aware of!

This was a trade against the higher TF trends and taken because price was very extended - at the outer band, so 40 pips from the dragon, at an important S&R level and showing several bear climax candles and thus ripe for a pull back, hence a single scout buy for ~30 pips

Later both € and cable gave great sell signals which anyone can see - back into the 15 min down trend
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Trading Levels with WRBs
  • #53,122
  • Jul 9, 2013 12:12pm Jul 9, 2013 12:12pm
Quoting Islander
{quote} OK - so here are the basics of how I am using the indicators from TAH & Sonic for my trading of Intra Day Swings mainly during the London Session.......although I do trade both the AudUsd & UsdJpy before LO as the Australasian Session is still open. The safest trades are the pure Sonics - a pull back towards the 15m Dragon which is above / below the 15m 89 ema. However, we often have to wait some time for these, so I have a different format for giving me more potential trades based on using the 5m & 1m dragons for Objective Entries. {image}...
I modified the Dragon every so slightly to make the dragon and trend periods user defined. This way you could have multiple time frame dragons on one chart. I apologize TAH if you did not want your indicator modified - I just thought this might be of use.
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Attached File(s)
File Type: mq4 SonicR Filled Dragon (White).mq4   13 KB | 564 downloads
Small disciplines repeated with consistency lead to great achievements.
  • #53,123
  • Edited 1:43pm Jul 9, 2013 1:20pm | Edited 1:43pm
AUDJPY short
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  • #53,124
  • Jul 9, 2013 1:28pm Jul 9, 2013 1:28pm
Quoting traderathome
{quote} GJ Short Trade: Entered shorts #4 and #5, Scouts. M1 PVSRA shows MMs pushing price above whole SR with increasing activity, indicating the MMs are bears pushing price up to add shorts. Adjusted TP. {image}
GJ Short Trade: Closed all five short components for 550 pips gain.
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  • #53,125
  • Jul 9, 2013 1:31pm Jul 9, 2013 1:31pm
Quoting traderathome
{quote} AU Long Trade: Added long #18, Scout. M1 PVSRA shows MMs pushed price down thru whole SR on heavier trading, indicating they are bulls lowering price to add longs. Adjusted TP. {image}
AU Long Trade: Closed all eighteen long components for 1350 pips.
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  • #53,126
  • Jul 9, 2013 1:35pm Jul 9, 2013 1:35pm
islandser wot is the period of that band
we DONT know where price will go the next second so trust your indicator
  • #53,127
  • Jul 9, 2013 1:38pm Jul 9, 2013 1:38pm
Hi Guys...
I can no longer get the "Filled Dragon Black" indicator to appear on my charts. I think I have deleted the EX4 file!
For the White Charts I have both EX4 and MQL4 files installed in the Experts/indicators folder and I can load this
OK....for the black charts (which I use) only the MQL4 file is present. I have looked at various downloads to find the relevant
EX4 file but only find MQL4 files!......Also I would really like to change the line thickness of the Dragon without it reverting to default
settings. Just using the 34 upper/lower and vertical lines. If there is a quick,simple solution that would be great, otherwise I'm
happy to just put ordinary HI/Lo 34 ema's on my chart.
  • #53,128
  • Jul 9, 2013 1:41pm Jul 9, 2013 1:41pm
On reform of Libor manipulation by MM...

http://www.ft.com/cms/s/0/73332222-e...#axzz2YZiDoKVM

No doubt it will still be business as usual for those guys
  • #53,129
  • Edited 2:27pm Jul 9, 2013 2:14pm | Edited 2:27pm
Quoting traderathome
{quote} AU Long Trade: Closed all eighteen long components for 1350 pips. {image}
Why TAH? Please.

In H1 seems to still be up 50-100 pips (RDH - RWH), in M15 (although it now appears to be a triple top) the last movement seems PVSRA bullist -> M1
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Newbie trader
  • #53,130
  • Jul 9, 2013 2:40pm Jul 9, 2013 2:40pm
Quoting fex
{quote} Why TAH? Please. In H1 seems to still be up 50-100 pips (RDH - RWH), in M15 (although it now appears to be a triple top) the last movement seems PVSRA bullist -> M1 {image} {image} {image}
There´s your answer at the whole number - and what it did after pulling back from the whole number 2 times- Also closed my longs.

Regards,

H.
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"The future is already written in the past"
  • #53,131
  • Jul 9, 2013 2:41pm Jul 9, 2013 2:41pm
Quoting Tymedu
AU SHS in play (4h chart) {image}
I don't see the point about closing AU, but if TAH is satisfied... well done.

For me, with the price above the dragon in h1, the dragon crossing the EMA in H1 and with a clear SHS in play, I will hold my longs until 0.9290. At least that is what I think atm, maybe tomorrow I see it different.

Best, Tymedu.
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To fail is just an opportunity to learn
  • #53,132
  • Jul 9, 2013 2:50pm Jul 9, 2013 2:50pm
Quoting Tymedu
{quote} I don't see the point about closing AU, but if TAH is satisfied... well done. For me, with the price above the dragon in h1, the dragon crossing the EMA in H1 and with a clear SHS in play, I will hold my longs until 0.9290. At least that is what I think atm, maybe tomorrow I see it different. Best, Tymedu. {image}
Tymedu, there is an important high impact release in four hours. As I said in my prev posts, all pairs containing AUD are affected. Adding the fact that in all those pairs there's high volume activity in HIGHs...then MMs are BEARS?. It would be very interesting if you use the FFCAL indicator...It's only my opinion
My mother language is Spanish, so, please, be patient with me.
  • #53,133
  • Jul 9, 2013 2:54pm Jul 9, 2013 2:54pm
@hansma: Thanks. I've also closed by the triple top.

@Tymedu: Maybe if the MM want more profit, before the price down to 0.910 or 0.915, then I try to buy again.

Thanks are helpful these clarifications.
Newbie trader
  • #53,134
  • Jul 9, 2013 3:08pm Jul 9, 2013 3:08pm
Why I Closed AU Long Trade

Multiple USD high impact releases are tomorrow. The MMs might start their runs for profits in conjunction with them. Might, Maybe. However, beforehand they could continue the shakeouts, stressing draw downs. I have numerous positions open and by taking profits on both the GJ short trade and the AU long trade, I added reserves. If the MMs whipsaw AU back down before going higher, I can open long/build long again.
  • #53,135
  • Jul 9, 2013 3:12pm Jul 9, 2013 3:12pm
Quoting banteka
{quote} Tymedu, there is an important high impact release in four hours. As I said in my prev posts, all pairs containing AUD are affected. Adding the fact that in all those pairs there's high volume activity in HIGHs...then MMs are BEARS?. It would be very interesting if you use the FFCAL indicator...It's only my opinion
Let me explain you my point of view with an image.

Stopping volume forming a double bottom + bulls waves (atm) in m15 + SHS in play + Price being pushed down to the neckline and increasing volume at the lows + price above EMA in H1 + price above dragon in H1 + price doing a new HH in H1...

What I won't do is to build a position against the main trend and now that the trend seems to be changing (at least for now), to close my longs. It's bizarre, don't you think? If I build against the trend is normally because I think the trend might be changing (for short or mid term, I don't care). Of course, price needs to clear the 0.92 level to resume the bullish bias.

That from the technical point of view. From the fundamental one, we have to face 2 important news: Tonight and tomorrow Bernanke's speech. I'm not an expert at all in fundamental analysis but I'm not worried about AUD tonight news. It may be bad and we could have a bear spike, but I'm not worried a lot about that. The important thing will be tomorrow with Bernanke.

Assuming like we are doing here that UJ is bear, EU is bull and GU is bull and having ahead a USD important news, why would AU be bears? From my point of view, Bernanke will try tomorrow to calm down a little bit the euphoria around the dollar with the QE3 reduction and that could cause a little concern for traders. This is all speculative of course because as I said I am not an expert, I just like to read and be informed about current economy situation. And US markets have a dangerous euphoria right now. Maybe Bernanke will try to contain it a little bit.

That's my humble point of view.
Best, Tymedu.
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To fail is just an opportunity to learn
  • #53,136
  • Jul 9, 2013 3:21pm Jul 9, 2013 3:21pm
Quoting Tymedu
{quote} Let me explain you my point of view with an image. Stopping volume forming a double bottom + bulls waves (atm) in m15 + SHS in play + Price being pushed down to the neckline and increasing volume at the lows + price above EMA in H1 + price above dragon in H1 + price doing a new HH in H1... What I won't do is to build a position against the main trend and now that the trend seems to be changing (at least for now), to close my longs. It's bizarre, don't you think? If I build against the trend is normally because I think the trend might be...
Ok ok ok...Enough clear...So maybe the solution is riding the horse when it is galloping, I mean, there is a profitable way of trading I'll never reject: entering in middle of a Run For Profits process. I think this is a good moment due to all these "planets alignment".
Thanks for all your explanation full of meanings.

EDIT: And I think that the point in not whether you are or not worried about the releases...It is a fact, not a suspicion or an imagination. Australia is very far from Spain, but there, their news are very important.

And the fact that makes me think MMs are bears come from the PVSRA analysis, as I have explained before.
My mother language is Spanish, so, please, be patient with me.
  • #53,137
  • Jul 9, 2013 3:33pm Jul 9, 2013 3:33pm
Quoting banteka
{quote} Ok ok ok...Enough clear...So maybe the solution is riding the horse when it is galloping, I mean, there is a profitable way of trading I'll never reject: entering in middle of a Run For Profits process. I think this is a good moment due to all these "planets alignment". Thanks for all your explanation full of meanings. EDIT: And I think that the point in not whether you are or not worried about the releases...It is a fact, not a suspicion or an imagination. Australia is very far from Spain, but there, their news are very important.
LOL Banteka, I don't care about how far is Spain from Australia xD. I meant I don't care about the news because I think the reaction won't be strong because it's not a very important news. Just that

Have a great night!
To fail is just an opportunity to learn
  • #53,138
  • Jul 9, 2013 3:37pm Jul 9, 2013 3:37pm
Quoting Tymedu
{quote} Let me explain you my point of view with an image. Stopping volume forming a double bottom + bulls waves (atm) in m15 + SHS in play + Price being pushed down to the neckline and increasing volume at the lows + price above EMA in H1 + price above dragon in H1 + price doing a new HH in H1... What I won't do is to build a position against the main trend and now that the trend seems to be changing (at least for now), to close my longs. It's bizarre, don't you think? If I build against the trend is normally because I think the trend might be...
Hey Ty would this be a classic setup on the 1min chart?
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Creditors have better memories than debtors.
  • #53,139
  • Jul 9, 2013 3:37pm Jul 9, 2013 3:37pm
Quoting Tymedu
{quote} LOL Banteka, I don't care about how far is Spain from Australia xD. I meant I don't care about the news because I think the reaction won't be strong because it's not a very important news. Just that Have a great night!
But..Why do you think it is not important?. Have you seen the degree of that release?. Is marked as RED COLOR...
My mother language is Spanish, so, please, be patient with me.
  • #53,140
  • Jul 9, 2013 3:43pm Jul 9, 2013 3:43pm
Quoting traderathome
{quote} UChf Short Trade: Added short #11, Scout. M1 PVSRA shows MMs opened week with gap up above half number soon followed by another ten pips hike, followed by heavy trading, indicating the MMs are bears seeking higher prices to add shorts. Adjusted TP. {image}
UChf Short Trade: Added shorts #12 and #13, Scouts. No need to make PVSRA comment as we all know what the MMs are doing this week. Shakeouts. Adjusted TP.
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