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Sonic R. System

  • #60,001
  • Sep 25, 2013 3:49am Sep 25, 2013 3:49am
Quoting traderathome
{quote} akyong, Are you trading the Sonic R. System? Or, are you picking highs and lows? Going long when the Dragon is angled down and PA is below it? Even a Scout, which can precede a Classic long setup, requires some qualification. And, as the PVSRA in-work project has shown, if the MMs are indicated to be bulls, we still do not enter long until we have a bull trend established, or at least some valid reasons to believe it has started. So, what are you doing? "Seems to be showing strength in the background." Oh? How? In what way? You...
Prof Tah,

I'm still learning, and does this indicate the perhaps MMs are buying into the market?

http://www.forexfactory.com/showthre...08#post6985408
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  • #60,002
  • Sep 25, 2013 3:51am Sep 25, 2013 3:51am
Quoting loeil
AU - breakout, is it real or fake? {image} Closer look.. {image}
Quoting akyong
{quote} I've longed AU, EJ and GJ. Seems to be showing strength in the background. TP ard 50% fib level. {image} {image} {image}
Quoting traderathome
{quote} akyong, Are you trading the Sonic R. System? Or, are you picking highs and lows? Going long when the Dragon is angled down and PA is below it? Even a Scout, which can precede a Classic long setup, requires some qualification. And, as the PVSRA in-work project has shown, if the MMs are indicated to be bulls, we still do not enter long until we have a bull trend established, or at least some valid reasons to believe it has started. So, what are you doing? "Seems to be showing strength in the background." Oh? How? In what way? You...
Tah's right, and akyong that is why I'm not even trying to take a trade during the pullback. Just wait when pullback is finished and then trade with the trend again.
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Nice breakout..
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Whatever is obvious is obviously wrong!"
  • #60,003
  • Sep 25, 2013 3:53am Sep 25, 2013 3:53am
Quoting loeil
{quote} {quote} {quote} Tah's right, and akyong that is why I'm not even trying to take a trade during the pullback. Just wait when pullback is finished and then trade with the trend again. {image} {image} Nice breakout.. {image}
Okay point taken

Thanks!
  • #60,004
  • Sep 25, 2013 3:57am Sep 25, 2013 3:57am
GU - interesting..89ema has started to rollover..will see does it hold..
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Whatever is obvious is obviously wrong!"
  • #60,005
  • Sep 25, 2013 3:57am Sep 25, 2013 3:57am
Quoting kojak
{quote} Hi ForexSwag, nice trade. Is that FXCM chart on your pic? Could you please share the template sonic for Fxcm? Thanks mate..
There is no template!
Creditors have better memories than debtors.
  • #60,006
  • Sep 25, 2013 4:00am Sep 25, 2013 4:00am
Quoting traderathome
{quote} So, not man enough to apologize? Ok. Just wanted to see. Your posts in the past have been a bit "rough", so I guess you can dish it out, but you can't take it. You seem to be a person very "technically" oriented, but lacking in social skills. I must make allowances for that, I suppose.
There is no problem to say sorry if I am wrong. Was I wrong? I suppose not. Why? I explained it.
So, I am only sorry about your sentence that I am "rough". Never was, hope never will be.
Everything is possible!!! Step by Step...
  • #60,007
  • Sep 25, 2013 4:16am Sep 25, 2013 4:16am
Quoting DmitryFX
{quote} There is no problem to say sorry if I am wrong. Was I wrong? I suppose not. Why? I explained it. So, I am only sorry about your sentence that I am "rough". Never was, hope never will be.
DmitryFX,

What you "explained" was all the well know calculations by which the Fibonacci series of numbers for retracements are derived, with 0.786 not being one of them. You called me "wrong" for using 0.786 as a Fibonacci retracement level, which I said I did. Then I presented two credible sources both stating the 0.786 is an "other" level used!

So, I was not wrong. And yes, you were wrong to state that I was wrong. But the important thing here is the extent you will go to to avoid simply admitting you were wrong and apologizing.

I don't need your apology. I don't want your apology, not now. It is sufficient for me that I have learned more about the kind of person you are, which is what I have been doing thru all of this.

-tah
  • #60,008
  • Sep 25, 2013 4:19am Sep 25, 2013 4:19am
Quoting traderathome
{quote} Already answered in various previous posts discussing PVSRA.
Not really, the "run for profits" was never reasonable explained. Do you believe the MMs build positions for years? I don't believe.


But now it is really simple.

Buy The Dips And Sell The Rips

This is not new, indeed very old style of successful trading.

Plus PVSRA indicating if the market movements are bullish or bearish based.
  • #60,009
  • Sep 25, 2013 4:29am Sep 25, 2013 4:29am
Quoting traderathome
{quote} DmitryFX, What you "explained" was all the well know calculations by which the Fibonacci series of numbers for retracements are derived, with 0.786 not being one of them. You called me "wrong" for using 0.786 as a Fibonacci retracement level, which I said I did. Then I presented two credible sources both stating the 0.786 is an "other" level used! So, I was not wrong. And yes, you were wrong to state that I was wrong. But the important thing here is the extent you will go to to avoid simply admitting you were wrong and apologizing....
And everything began from note with smile
OK, its up to you...
Everything is possible!!! Step by Step...
  • #60,010
  • Edited 4:50am Sep 25, 2013 4:29am | Edited 4:50am
Quoting futurespeter
{quote} Not really, the "run for profits" was never reasonable explained. Do you believe the MMs build positions for years? I don't believe. But now it is getting easy. Buy The Dips And Sell The Rips This is not new, indeed very old style of successful trading. Plus PVSRA indicating if the market movements are bullish or bearish based.
No, I do not believe that,....for years? That long? No. And I never said I believed that. So, do not put your words into my mouth. Let's be clear on that score.

Yes, run for profits has been adequately explained. Sorry if you failed to understand that the only way bears with shorts can profit is for price to be trending down, and that is what traders having built a short position would be looking for; adding shorts at highs in the down trend only, because adding shorts prior to the down trend, while mathematically totally profitable once the down trend takes over, can lead to loss due to DD if there remains too much up trend before the down trend does take over. It is not a question of fact. It is a matter of account sizes and trade sizes. And it is just easier to match the trend with the PVSRA indication and move forward from there.

Buying dips and selling highs is not new. What is new is being able to qualify the dips and the highs with PVSRA. As I, and others here can testify, there are PVSRA indications as to when the MMs are and are not taking highly notable advantage of highs, or of lows. Knowing when they are and are not is a benefit in trading.
  • #60,011
  • Sep 25, 2013 4:40am Sep 25, 2013 4:40am
EU

Very bearish. It looks like my upwards wedge on the daily TF is holding up. Very Bearing sign.

And when you also look at the 15 min TF during the London sessions the MMs have used high volume trading to push the price above the 1.35 level. Possibly to get better prices in order to build their shorts just before the high impact US data releases later on
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  • #60,012
  • Sep 25, 2013 4:44am Sep 25, 2013 4:44am
EU Update

Just what I was looking for. On the M1 TF at the highs you can see the candle which has got the highest volume. This is above a whole number AFTER prices were raised. Would they increase trading at the highs to get better short prices? You be the judge
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  • #60,013
  • Sep 25, 2013 4:47am Sep 25, 2013 4:47am
Quoting marvas
EU Update Just what I was looking for. On the M1 TF at the highs you can see the candle which has got the highest volume. This is above a whole number AFTER prices were raised. Would they increase trading at the highs to get better short prices? You be the judge {image}
I'm looking some fibo rejection..
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Whatever is obvious is obviously wrong!"
  • #60,014
  • Sep 25, 2013 4:55am Sep 25, 2013 4:55am
Quoting traderathome
{quote} we should be shorting only when the trend is down, not up. -tah
I see you have learned your lesson. Good for you and other Sonicers.
Pips in Wonderland
  • #60,015
  • Edited 6:12am Sep 25, 2013 4:57am | Edited 6:12am
Quoting sonicdeejay
{quote} EJ has lower lows with 132.7x action as the BASE.... I don;t think it will break.. rather "may" bounce up,, http://www.youtube.com/watch?v=thIVtEOtlWM Sonic

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2 hrs and 32 min later..

Told cha...

Sonic
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  • #60,016
  • Sep 25, 2013 4:59am Sep 25, 2013 4:59am
Quoting marvas
EU Update Just what I was looking for. On the M1 TF at the highs you can see the candle which has got the highest volume. This is above a whole number AFTER prices were raised. Would they increase trading at the highs to get better short prices? You be the judge {image}

Marvas,

Your post,

Ok, now we know the MMs are bears and we know they have taken very notable advantage of this high. The question becomes, send in a short Scout, or wait for a move down and then a pull up again at a lower high....again with some notable activity....to send in a short Scout?

Remember, to send in a short Scout while the Dragon is angled up and the price is above the Dragon requires some qualifications. How do we know that there won't be yet another higher high? This is the exercise of patience in waiting for PA and volume and S&R to yield reasons to believe the highest high has been made already.

Sonic R. is not about entering at the highest highs or lowest lows, it is about having some valid reasons to anticipate that we are not entering too soon, and that the direction we are trading is correct.
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  • #60,017
  • Sep 25, 2013 5:12am Sep 25, 2013 5:12am
Quoting blacksmith
AudJpy Short. Entered at the break of yesterday's low. Doesn't look too good right now. {image}
Im out of the game. I moved my stop to entry point, given that 92.00 was in the way. I had an option of take it at 92.00 or running it to RDL. Went with the latter.
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  • #60,018
  • Sep 25, 2013 5:16am Sep 25, 2013 5:16am
EJ:

Here is a situation that causes one to question the "validity" of the high just made. Where is the notable volume? This lack of notable volume at the high could mean the MMs know that a better high for their closing of longs and resumption of shorting is yet to come. That could happen after the US open.

It is too early to short; no short Classic setup on the one hand, and no high in the down trend with notable volume on the other hand. But it is not too late to long, not if the price moves down further between now and the US open. We have a Classic long setup that fired off, but if the price pulls down a bit more, that is an entry opportunity, and indeed a much better high for the bear MMs might come later and that would be exit time for a decent Classic long trade.
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  • #60,019
  • Sep 25, 2013 5:26am Sep 25, 2013 5:26am
A classic short re-entry on AU if candle closed below dragon?
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  • #60,020
  • Sep 25, 2013 5:43am Sep 25, 2013 5:43am
Quoting akyong
A classic short re-entry on AU if candle closed below dragon? {image}
Not a matter of candle closing, but whether price moves further up from here, or starts back down. Needs time. Price retraced 50% to what was previously a support area which later the MMs rammed the price down thru on notable volume. This suggests the MMs were wiping out longs in that area, pushing hard down thru the long orders. In turn, this suggests the MMs are strong bears and that this move up is only to keep the price from falling too far, too fast. The US open might bring more upside also for better prices to resume shorting. But it needs more time.
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