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Sonic R. System

  • #55,461
  • Aug 5, 2013 2:40pm Aug 5, 2013 2:40pm
Quoting qFish
EU Volume Analysis: We've always stressed the quarter, half, and whole SRs. But here is a good example of how important history SR can also be. 1.326 noted by Tah is absolutely a major pivot point. We can also read into what volume is telling us in terms of whether it is increasing or decreasing during a down or up move. In this chart, BEARS clearly have strength due to volume. This adds confirmation to the direction of future price, which in this case is Down. If price do go up, it's to build more for the MMs. {image}
I just partly agree.
The first part of the decline the volume was decreasing not increasing. When nearing a former demand level (blue line) the volume increased with a peak volume at the bottom of the decline and price touching the former demand level.
I agree the area aroun 1.326 is a pivot area. Let us see what the market decides about it.
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Posting Demo charts, mirroring some of them live.
  • #55,462
  • Aug 5, 2013 2:48pm Aug 5, 2013 2:48pm
Quoting qFish
{quote} Not only is this long trade in line with PVSRA (price has been pushed down below key SR levels in the past), it's a great setup for a classic sonic long. Ideally the dragon should be steep and price above the 89 EMA (which it is!). But it's a good long trade nevertheless (both for building longs or classic entry).
yes my dear it was good and i noticed the PVSRA on 5M chart before entering
  • #55,463
  • Aug 5, 2013 3:09pm Aug 5, 2013 3:09pm
Quoting forexpiet
{quote} I just partly agree. The first part of the decline the volume was decreasing not increasing. When nearing a former demand level (blue line) the volume increased with a peak volume at the bottom of the decline and price touching the former demand level. I agree the area aroun 1.326 is a pivot area. Let us see what the market decides about it. {image}
forexpiet,

Yes, you are absolutely right! My analysis is quite sloppy in that I did not notice the line up. The up move was PVSRA MM's push to build shorts. As the price decreased with decreasing volume, the BEARS were indeed weak, not strong as in my analysis. However, business picks up in the second half of the decline as volume increased. So it is the second half that BEARS were stronger than BULLs.

Very good catch on my errors and thank you for reading my charts with surgical precision! :-) I need to be more meticulous in my analysis indeed. It's these findings that make us all a better trader. BTW, the market is currently finding it tough to break that level and in fact on a slight decline. The US session is about over so liquidity has dried up quite a bit.

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-qFish
insanity: Doing the same thing over... and expecting different results -AE
  • #55,464
  • Aug 5, 2013 3:17pm Aug 5, 2013 3:17pm
EU: A discrepancy of volume and price movement. I've noted this before and these are signs of manipulation from big orders. High volume and small candles seem normal enough, just indicates indecision. But low volume and candles with big real bodies!?

Heavy selling-buying-selling... with low volume. What is happening here?

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insanity: Doing the same thing over... and expecting different results -AE
  • #55,465
  • Aug 5, 2013 4:11pm Aug 5, 2013 4:11pm
Quoting qFish
EU: A discrepancy of volume and price movement. I've noted this before and these are signs of manipulation from big orders. High volume and small candles seem normal enough, just indicates indecision. But low volume and candles with big real bodies!? Heavy selling-buying-selling... with low volume. What is happening here? {image}
Who is your broker?
at FXDD looked bit diffrent. not so small volumes
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  • #55,466
  • Aug 5, 2013 4:44pm Aug 5, 2013 4:44pm
Hi Sonicer,

Nice and interesting thread. Keep it up.
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  • #55,467
  • Aug 5, 2013 6:02pm Aug 5, 2013 6:02pm
NZDUSD PVSRA indicated on the Sunday opening that MM are BULL, so I am starting to build my positions. I have posed the screen before.
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There is no spoon....
  • #55,468
  • Aug 5, 2013 6:05pm Aug 5, 2013 6:05pm
GBPAUD PVSRA indicates that MM are BEARS, because prise has been pushed through whole number 1.72500 with high activity.
Starting to build my positions.
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There is no spoon....
  • #55,469
  • Aug 5, 2013 6:11pm Aug 5, 2013 6:11pm
Quoting Msis125125
NZDUSD PVSRA indicated on the Sunday opening that MM are BULL, so I am starting to build my positions. I have posed the screen before. {image}

i am with you that the MMs are bull and so i am waiting for a good reversal from the dragon or the trend line on 15M chart
also i will pay attention to lower time frames to catch a good PVSRA entry
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  • #55,470
  • Aug 5, 2013 6:20pm Aug 5, 2013 6:20pm
Quoting smarteng99
{quote} i am with you that the MMs are bull and so i am waiting for a good reversal from the dragon or the trend line on 15M chart also i will pay attention to lower time frames to catch a good PVSRA entry {image}
PVSRA consists of multiple entries spaced apart, to be aligned with the MMs ultimate intention.
A single entry is based on classic Sonic setup.

One has got to be clear what strategy one is using and not confuse the two together.
Make pips, not war!
  • #55,471
  • Aug 5, 2013 10:25pm Aug 5, 2013 10:25pm
Quoting J3r0m3
{quote} PVSRA consists of multiple entries spaced apart, to be aligned with the MMs ultimate intention. A single entry is based on classic Sonic setup. One has got to be clear what strategy one is using and not confuse the two together.
What is PVSRA?

PVSRA stands for Price-Volume-Support-Resistance-Analysis. It is, therefore an analysis. Nothing more. There are two types of Sonic R. System trades: Classic and Scout. Either type trade can be made with or without doing a PVSRA. Scouts can be added to a trade entered as a Classic. A Scout can even precede a Classic entry.
  • #55,472
  • Aug 5, 2013 11:13pm Aug 5, 2013 11:13pm
AU: Added ep6 as classic long entry. This is very close to ideal. Dragon has a nice slope with both dragon and price above 89 EMA indicating strength in reversal from Bears to Bull price action. EP6 is right above the quarter SR level so we have a good chance to reach the next half or whole.
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insanity: Doing the same thing over... and expecting different results -AE
  • #55,473
  • Aug 5, 2013 11:18pm Aug 5, 2013 11:18pm
Quoting meirk
{quote} Who is your broker? at FXDD looked bit diffrent. not so small volumes {image}
Meirk,

Thank you for noticing. Very interesting. I seem to be seeing more and more of this. First a spike, now just price action that doesn't make sense.

In a previous post, Tah noticed a spike that looked like a stop hunt that did not exist in his data feed. Here, we have similar price action but missing volume. I think there are some issues with broker's data feed. I need more data feeds :-/. It's throwing a curve ball at my analysis.
insanity: Doing the same thing over... and expecting different results -AE
  • #55,474
  • Aug 5, 2013 11:21pm Aug 5, 2013 11:21pm
Quoting Msis125125
NZDUSD PVSRA indicated on the Sunday opening that MM are BULL, so I am starting to build my positions. I have posed the screen before. {image}
Good time to enter.
insanity: Doing the same thing over... and expecting different results -AE
  • #55,475
  • Aug 5, 2013 11:25pm Aug 5, 2013 11:25pm
Quoting qFish
AU: Added ep6 as classic long entry. This is very close to ideal. Dragon has a nice slope with both dragon and price above 89 EMA indicating strength in reversal from Bears to Bull price action. EP6 is right above the quarter SR level so we have a good chance to reach the next half or whole. {image}
QFish AUS/USD EP2 thats a perfect entry!.
Creditors have better memories than debtors.
  • #55,476
  • Aug 5, 2013 11:36pm Aug 5, 2013 11:36pm
Quoting ForexSwag
{quote} QFish AUS/USD EP2 thats a perfect entry!.
Thanks ForexSwag! I felt really good when I entered it! ^.^ so I just had to share!
insanity: Doing the same thing over... and expecting different results -AE
  • #55,477
  • Aug 5, 2013 11:40pm Aug 5, 2013 11:40pm
The party has started for the AU interest rates were not decreased they held. All news reports were saying a 90% chance of an interest rate cut.
  • #55,478
  • Aug 5, 2013 11:49pm Aug 5, 2013 11:49pm
Quoting worldfreedom
The party has started for the AU interest rates were not decreased they held. All news reports were saying a 90% chance of an interest rate cut.
where are you seeing this. they were decreased by .25% as expected. the statement wasnt super dovish hence some rally in aud
Think : Trade : Live Life
  • #55,479
  • Aug 6, 2013 12:05am Aug 6, 2013 12:05am
Quoting stt
{quote} where are you seeing this. they were decreased by .25% as expected. the statement wasnt super dovish hence some rally in aud

My bad I should have said not more than expected. They did decrease .25%.
  • #55,480
  • Aug 6, 2013 12:18am Aug 6, 2013 12:18am
aud usd price now is at 0.8975 is it time now to take profit? or the MM will push it even higher? newbie here
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