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Sonic R. System

  • #58,121
  • Edited 2:22am Sep 3, 2013 2:12am | Edited 2:22am
Quoting worldfreedom
GJ looks like maybe it will start its move down. See the 1min chart at the news release the MM took advantage to raise the price with buy volume followed by sell volume. {image}
Same movement on other YEN pairs, so not related to GBP release unless the MMs simply chose that event to start their sell offs of YEN pairs once more. It looks more and more that the push up of the YEN pairs was just a deception by the bear MMs to sucker in longs to get liquidity for their shorting. Not that the move up couldn't be traded, but that PVSRA seems once again to be right on the money. EJ and AJ examples attached.
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  • #58,122
  • Sep 3, 2013 2:23am Sep 3, 2013 2:23am
There was some news of missiles being fired in the meditteranean sea. Seems to be bogus as yen pairs gaining back losses.... ><
  • #58,123
  • Sep 3, 2013 2:25am Sep 3, 2013 2:25am
In my opinion this move on YEN pairs was cause by PPI m/m in EU.
Now is turn up.
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  • #58,124
  • Sep 3, 2013 2:29am Sep 3, 2013 2:29am
Just doing some reading. This is a very short presentation worth a glance in terms of volume analysis. Key points here with rest of it attached for those interested.

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Attached File(s)
File Type: ppt Volume bar prese.ppt   838 KB | 1,306 downloads
Katte, kabuto no o wo shime yo. Size doesn't matter, leverage is the killer
  • #58,125
  • Sep 3, 2013 2:48am Sep 3, 2013 2:48am
Hi Tah, i see your post about UCHF that you are long, but in charts i see a rising wedge.

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And in TF 1m, the high volumen is in tops over half number (i think so, i´m learning newbie)

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Maybe there is something that i missed?
  • #58,126
  • Sep 3, 2013 2:51am Sep 3, 2013 2:51am
Quoting kapoera
Hi Tah, i see your post about UCHF that you are long, but in charts i see a rising wedge. {image} And in TF 1m, the high volumen is in tops over half number (i think so, i´m learning newbie) {image} Maybe there is something that i missed?
Am I long? I closed the trade!
  • #58,127
  • Sep 3, 2013 3:03am Sep 3, 2013 3:03am
Uuups, that is what i missed. Bad reading from myself. I scared myself when i see LONG and UCHF together in your post , i´m short and i have a very tiny account.
Sorry, my fault. Thanks for the quick reply.
  • #58,128
  • Sep 3, 2013 3:28am Sep 3, 2013 3:28am
Quoting revoli
Just doing some reading. This is a very short presentation worth a glance in terms of volume analysis. Key points here with rest of it attached for those interested. {image} {image} {file}
REVOLI, thank you!
Now I know what does "Yao Ming" means!
Everything is possible!!! Step by Step...
  • #58,129
  • Sep 3, 2013 3:56am Sep 3, 2013 3:56am
Quoting Islander
Three Dragons - GBP The second buy was for 2 units (after LO)
Hi Islander, looking at your chart and your entry rules based on a close above the fast MA, why did you not take the buy signal highlighted on the chart below?

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  • #58,130
  • Sep 3, 2013 4:02am Sep 3, 2013 4:02am
Quoting traderathome
{quote} Same movement on other YEN pairs, so not related to GBP release unless the MMs simply chose that event to start their sell offs of YEN pairs once more. It looks more and more that the push up of the YEN pairs was just a deception by the bear MMs to sucker in longs to get liquidity for their shorting. Not that the move up couldn't be traded, but that PVSRA seems once again to be right on the money. EJ and AJ examples attached. {image} {image}
You are right, but the potential is quite higher in GJ because EU for example has been going south for a while. However, in GU, MMs keeps pumping and dumping the price, they didn't start the run. So if UJ is potentially bear and GU is potentially bear ====> GJ is the key.

I added my second scout. I had my 3rd at 155.5 because I had to go to the gym but it didn't get filled.
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To fail is just an opportunity to learn
  • #58,131
  • Sep 3, 2013 4:05am Sep 3, 2013 4:05am
Quoting Tymedu
{quote} You are right, but the potential is quite higher in GJ because EU for example has been going south for a while. However, in GU, MMs keeps pumping and dumping the price, they didn't start the run. So if UJ is potentially bear and GU is potentially bear ====> GJ is the key. I added my second scout. I had my 3rd at 155.5 because I had to go to the gym but it didn't get filled. {image}
is the long red bar down considered a bearish bar? High vol, but the next 2 bars seems bullish n bears did not follow through?
  • #58,132
  • Sep 3, 2013 4:15am Sep 3, 2013 4:15am
Quoting Islander
@figgsey As the gaps happen when I'm asleep, I don't take much notice of them @ revoli - yep - you've got it - just bank quickly in Frankies Hour whilst we are in these choppy conditions. When we get back to trending, its a different mattter @ ramin1234 Click on the blue paper-clip on the top of the page to open the Attachements and a couple of pages back you will find 2 Pdf files on The Three Dragons. There you will find all that you need. Three Dragons - GBP The second buy was for 2 units (after LO) and whilst I though about banking before...
Edit: I've just taken a 1 unit sell in UJ - 15m dragon's still green -

Edit 2: Banked at the hourly dragon / last Fridays high

chart now attached
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Trading Levels with WRBs
  • #58,133
  • Sep 3, 2013 4:21am Sep 3, 2013 4:21am
Quoting Sakk
{quote} Hi Islander, looking at your chart and your entry rules based on a close above the fast MA, why did you not take the buy signal highlighted on the chart below? {image}
I was busy with € and UJ and my audio alarm was set just below that earlier level at **50 and didn't trigger....it was a valid entry - as was the later one that I took

PS I have been out for a couple of hours and so have missed the sells in both € and Cable. Now I'm having lunch, so not trading until I've finished......there is no need to sit glued to your screen all day, the Three Dragons provides plenty of opportunities
Trading Levels with WRBs
  • #58,134
  • Sep 3, 2013 4:34am Sep 3, 2013 4:34am
Quoting zllz
{quote} is the long red bar down considered a bearish bar? High vol, but the next 2 bars seems bullish n bears did not follow through?
I'd consider a more bearish candle the previous one, the pinbar. More volume, better shape = more power. The second long red bar (almost marabuzu) looks like the result of the "power" of the previous one, which is a good bear sign. The trend seems exhausted and the technical point to break is my red/brown line. If the price breaks that line I'd add another entry.

My english is terrible today, I know xD.

Best, Tymedu.
To fail is just an opportunity to learn
  • #58,135
  • Sep 3, 2013 4:35am Sep 3, 2013 4:35am
Can someone tell me, how to do that if I zoom my chart the candlesticks zoomed automatically also? I tried to change these chart zoom values, but it works only if I change the zoom value manually every time. It's inconvenient. Old version has automatic zoom, if I turned it on, it changes the candlestick size every time I zoomed my chart. Now in the new version I don't understand this zoomed system.

There is a zoomed chart and chart zoom value is 0
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And here is a zoomed chart and chart zoom value is 4
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Whatever is obvious is obviously wrong!"
  • #58,136
  • Sep 3, 2013 4:41am Sep 3, 2013 4:41am
Yes. I have same problem. You should change zoom, then save template with new zoom value, then restart MT4, and it should work:-)
  • #58,137
  • Sep 3, 2013 4:55am Sep 3, 2013 4:55am
Quoting astra
Yes. I have same problem. You should change zoom, then save template with new zoom value, then restart MT4, and it should work:-)
Nope doesn't work that way. I zoomed a chart and saved as new template. Now I choose this saved template, it's already zoomed in and now I want to zoom it out, it doesn't zoom out the candlesticks anymore (of course because my chart zoom value is 4 now). Every time I zoom in or out I need to change the zoom value manually. I want to do it automatically, like in the old sonic template.

Attached Image (click to enlarge)
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Whatever is obvious is obviously wrong!"
  • #58,138
  • Sep 3, 2013 4:59am Sep 3, 2013 4:59am
Quoting loeil
{quote} Nope doesn't work that way. I zoomed a chart and saved as new template. Now I choose this saved template, it's already zoomed in and now I want to zoom it out, it doesn't zoom out the candlesticks. Every time I zoom in or out I need to change the zoom value manually. {image}
Neither works for me...
Newbie trader
  • #58,139
  • Sep 3, 2013 5:02am Sep 3, 2013 5:02am
As requested, here's the Average Daily Range indicator that I use - I set it to 5 days on my 1m charts, 10 days on my 5m charts and 20 days on my 15m charts........you can learn a lot from keeping track of all three
Attached File(s)
File Type: ex4 Daily Range PeterE.ex4   3 KB | 523 downloads
Trading Levels with WRBs
  • #58,140
  • Sep 3, 2013 5:07am Sep 3, 2013 5:07am
Quoting worldfreedom
{quote} RuslanHop, I am just throwing this out there. Remember the yen crosses are highly correlated. If you are trading in all three then you will have a much higher exposure to DD. These pair follow the UJ most of the time. You would be better off trading some US crosses in combination with maybe one yen cross. The GJ is the fastest moving of the three. The EU is the most liquid and most traded currency. Just a suggestion to diversify your positions. God Bless, World Freedom
Good advice. Trading low correlated pairs is a great way to diversify!
insanity: Doing the same thing over... and expecting different results -AE
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