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Sonic R. System

  • #58,781
  • Sep 11, 2013 5:22am Sep 11, 2013 5:22am
Quoting cardinale
Hi, Islander: Have been working on learning to apply your estimable Three Dragons which is of particular interest in current market conditions. Progress--today I took the same 2 UJ entries although still out and exiting early. Please let me know which DP indicator you use and any particular settings because as you can see from attached chart your DP is different from mine and more in tune with PA:{image} Thank you
Well done that you are trying Trading the Three Dragons - it is not easy and not for everyone - it is my adaptation of Sonic's Classic method modified to give more entries for intra-day trading.

During the current market conditions for my pre London Open trades I am often just looking for 10 pips ($10) and after LO, often just 20 pips and these targets are often around a Daily Pivot number....

My charts are actually carried over from those that I used in my old thread with Medici and I have modified them to come into line with what Sonic & TAH use. IMO it is dissrespectful not to post in line with the thread's starter and current main poster.

I use the SDX pivots indicator and it is important to set the DestTimeZone to line up with 5pm US EST - or EDT as currently in force.
Attached File(s)
File Type: mq4 SDX-TzPivots.mq4   23 KB | 499 downloads
Trading Levels with WRBs
  • #58,782
  • Sep 11, 2013 5:28am Sep 11, 2013 5:28am
Quote
Well done that you are trying Trading the Three Dragons - it is not easy and not for everyone - it is my adaptation of Sonic's Classic method modified to give more entries for intra-day trading.

Thank you, Islander and certainly no reflection on all the excellent direction from other senior thread members--I just noticed that for this particular evolution of Sonic R it might be beneficial to use the indicated pvts.
  • #58,783
  • Sep 11, 2013 5:35am Sep 11, 2013 5:35am
UK economy is in shambles and I do not believe that all has been repaired or is on the mend. I think Mark Carney says it like it is. The UK is a Crisis Economy.
Attached Image (click to enlarge)
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  • #58,784
  • Sep 11, 2013 6:10am Sep 11, 2013 6:10am
Quoting worldfreedom
UK economy is in shambles and I do not believe that all has been repaired or is on the mend. I think Mark Carney says it like it is. The UK is a Crisis Economy. {image}

Please don't tell me that you are taking a five month old headline from the Daily Mail seriously.......

PS: long 2 units GbpUsd after the pull back to the 5m Dragon / today's R 1 level....
Trading Levels with WRBs
  • #58,785
  • Sep 11, 2013 6:21am Sep 11, 2013 6:21am
From technical point of view i don't like the picture at GU for shorts....
Bulls movement continued after hidden bullish divergence and it was in confluence with trend line.
And now fibo 61.8 level broken. So, next target will be 1.5850 or even 1.61.
Yes we have signals about shorts of MM's. But if it were manipulations of BOE then nobody knows when they will start to sell-off it...
Attached Image (click to enlarge)
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Everything is possible!!! Step by Step...
  • #58,786
  • Sep 11, 2013 6:38am Sep 11, 2013 6:38am
Quoting Islander
{quote} Please don't tell me that you are taking a five month old headline from the Daily Mail seriously....... PS: long 2 units GbpUsd after the pull back to the 5m Dragon / today's R 1 level....
I am taking into account what Mark Carney's assessment of the economy is. You can not correct an economy in 5 months. His assessment is in-line with the debt to GDP. Which is off the charts. I do not trade off fundamentals so it is rather in different.

I will continue to use classics and analize the markets using PVSRA. Your system is interesting so keep up the good work.
  • #58,787
  • Sep 11, 2013 6:56am Sep 11, 2013 6:56am
Quoting worldfreedom
{quote} I am taking into account what Mark Carney's assessment of the economy is. You can not correct an economy in 5 months. His assessment is in-line with the debt to GDP. Which is off the charts. I do not trade off fundamentals so it is rather in different. I will continue to use classics and analize the markets using PVSRA. Your system is interesting so keep up the good work.
Agreed that the UK is far from out of the woods and has many structural probems which have yet to be addressed. However, compared with the situation ealsewhere in much of Europe, the UK is improving. A friend has just hosted his annual long weekend over here for ~20 businessmen, mainly from The Midlands and they were all more positive than at this time last year.

Now back to the charts - and thank you for your kind comment.

To bank here ~ the R2 or hold on to see if the **00 is retested ......OK, I'll take the stress free choice, protect my profits with a SL just behind the fast dragon..
Trading Levels with WRBs
  • #58,788
  • Sep 11, 2013 7:05am Sep 11, 2013 7:05am
GJ bears are still in play according to PVSRA. we can know if the MM are bears or bulls but do not know when they will run for profits. Nor do we know how far they need to move the markets before they run for the profits.
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  • #58,789
  • Sep 11, 2013 7:39am Sep 11, 2013 7:39am
chart from last GbpUSd trade......as I post, price has again turned back off the R 2 line......
Attached Image (click to enlarge)
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Trading Levels with WRBs
  • #58,790
  • Edited 8:01am Sep 11, 2013 7:49am | Edited 8:01am
GU: Bulls or Bears?


A glance at this "no frills" Sonic R. System chart (PA, Dragon, Trend and a bit of volume) and an awareness of how important the Levels are (whole, half numbers) very clearly tells the story.

Note that if you then switch your chart TF from M15 to H1 you will also clearly see that every single one of the highest volumes over the many recent days is associated with price bars striking up to highs, or coming down off of highs.

So, are the MMs bulls or bears? Does anyone really want to be convinced, by the upwards pushing of prices, to be bullish? Not me! Trade long? Sure, profits can be taken, and quickly so, but there is always the risk of going long at the worst time. I'd rather build for the inevitability than plop money down on a gamble. But that is just me. Others here are much better at getting in and out in a timely fashion than I am.

Aside Market Comment
Seems to me the MM's summer strategy is still in play, which is to perpetuate the drives until the appointed time to stop. That time has obviously not yet been reached. And we cannot know when it will be. The picture is clear though. The MMs are engaged in pushing prices far, so when they reverse the trends they will have an equally long distance to enjoy profiting before prices get to areas that might cause political uproars. In a sense, the MMs are simply stretching the football field....moving the goal posts which are the subject of their drives further away to lengthen the field for better play back in the other direction when it comes time to score and reverse the plays.

-tah
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  • #58,791
  • Sep 11, 2013 8:01am Sep 11, 2013 8:01am
Quoting traderathome
GU: Bulls or Bears? A glance at this "no frills" Sonic R. System chart (PA, Dragon, Trend and a bit of volume) and an awareness of how important the Levels are (whole, half numbers) very clearly tells the story. Note that if you then switch your chart TF from M15 to H1 you will also clearly see that every single one of the highest volumes over the many recent days is associated with price bars striking up to highs, or coming down off of highs. So, are the MMs bulls or bears? Does anyone really want to be convinced, by the upwards pushing of prices,...
lovely clean chart..

Sonic
  • #58,792
  • Sep 11, 2013 8:09am Sep 11, 2013 8:09am
gonna be whippy whappy wednesday...


May Be Big Boy TAH is taking positions...


Sonic
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  • #58,793
  • Sep 11, 2013 8:14am Sep 11, 2013 8:14am
UJ Classic Short Setup

London session
Good PA wave
Dragon angle good (maybe soon to cross Trend, too)
Trend following
PA below both Dragon and Trend
Volume considerations - high volumes (relative) at tops of PA wave

Drawbacks- MMs might not be ready yet to run this down. They might hold to ranging another day, maybe two (releases might be a consideration here). On the other hand, a surprise early start to whatever the MMs plan is also a strategy they sometimes use. We cannot know.

So, there is the setup for the YEN pairs "standard bearer", for whatever it is worth.
Attached Image (click to enlarge)
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  • #58,794
  • Edited 8:53am Sep 11, 2013 8:31am | Edited 8:53am
Quoting sonicdeejay
gonna be whippy whappy wednesday... May Be Big Boy TAH is taking positions... Sonic {image}
Stand Pat With Patience

I have become extremely selective about adding very few new positions. I anticipated what happened last week. I did not anticipate the MMs extending the same fare into this week. And it could continue thru this week into next, by the looks of things. We cannot know how the MMs will move price nor for how long in either direction.

Time is on the MMs side vs traders that have overextended their accounts. All the MMs have to do is continue doing what they are doing and eventually they will clean house of all those overextended traders, capturing prized liquidity for taking more positions themselves at the best of all prices by that time!

My main strategy now is to stand pat. I have good positions and PVSRA continues to support them. I need only wait out the MMs, with only a really good Commando Scout insertion now and then.

Do not think this is fun for me. I am not liking all of this price manipulation any more than anyone else here is. To curtail dangerous draw downs I am now passing up many of what I consider prime planting opportunities. This is not something I like to do, but it is self-imposed punishment for building as much as I did, earlier.

I said yesterday that we have been experiencing the worst the market has offered in quite a few years. I forgot to mention that it will likely get worse, and continue to do so. The reasons are two fold. For one thing, the MMs have greater, more powerful equipment by which to manipulate the market prices and more easily attained credit to back up their plays. For another thing, greed begets greed and all the successes they have had in the past only drives them to be more manipulative in the future. The currencies markets will only become tougher and tougher for retail traders to profit from. However, based on the past five months (and counting), I am convinced we Sonicers will be able to profit from the manipulations more easily than ever before.

-tah
  • #58,795
  • Sep 11, 2013 8:34am Sep 11, 2013 8:34am
Quoting sonicdeejay
gonna be whippy whappy wednesday... May Be Big Boy TAH is taking positions... Sonic {image}

u think bull or bear!!!??
  • #58,796
  • Sep 11, 2013 8:45am Sep 11, 2013 8:45am
The only signs of activity in the run up to the open of the NYSE was in Cable, so I bought off the 5m Dragon, hoping that it will get to the **00 area - TWT
Trading Levels with WRBs
  • #58,797
  • Sep 11, 2013 8:59am Sep 11, 2013 8:59am
Quoting Islander
The only signs of activity in the run up to the open of the NYSE was in Cable, so I bought off the 5m Dragon, hoping that it will get to the **00 area - TWT

and it did and now at last €s woken up too.....
Attached Image (click to enlarge)
Click to Enlarge Name: sep11 gbp 1m 1356.png Size: 31 KB
Trading Levels with WRBs
  • #58,798
  • Sep 11, 2013 8:59am Sep 11, 2013 8:59am
Quoting luisermers
{quote} u think bull or bear!!!??
Hold tiny long..

Sonic
  • #58,799
  • Sep 11, 2013 9:00am Sep 11, 2013 9:00am
Quoting traderathome
UJ Classic Short Setup London session Good PA wave Dragon angle good (maybe soon to cross Trend, too) Trend following PA below both Dragon and Trend Volume considerations - high volumes (relative) at tops of PA wave Drawbacks- MMs might not be ready yet to run this down. They might hold to ranging another day, maybe two (releases might be a consideration here). On the other hand, a surprise early start to whatever the MMs plan is also a strategy they sometimes use. We cannot know. So, there is the setup for the YEN pairs "standard bearer", for...
UJ Classic Short Setup

Is this a surprise early start of a genuine run for profits of the YEN pairs "standard bearer"?
Attached Image (click to enlarge)
Click to Enlarge Name: sept 2013 - 066.png Size: 61 KB
  • #58,800
  • Sep 11, 2013 9:02am Sep 11, 2013 9:02am
WTF EU is doing now?

So greedy can't be, just unbelievable!
Whatever is obvious is obviously wrong!"
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