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Sonic R. System

  • #60,141
  • Sep 26, 2013 8:09am Sep 26, 2013 8:09am
Quoting jasakreatif
{quote} closed both +50pips , let the masters continue the speculate , i'm noob 'trade what seeing' {image}
Well done!

Very clear signs what is gonna happening on those areas..nice fibo rejection with increasing volume.. just can't be better! .. like a textbook
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Whatever is obvious is obviously wrong!"
  • #60,142
  • Sep 26, 2013 8:37am Sep 26, 2013 8:37am
Quoting loeil
{quote} Well done! Very clear signs what is gonna happening on those areas..nice fibo rejection with increasing volume.. just can't be better! .. like a textbook {image}
i dont know excactly how to use fibo , sometime make me busy , and think to hard where to put it , when to start and when to stop .

the simple one is , fibo expansion , it is for 123 break out or hh lh ll wave entry.

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  • #60,143
  • Sep 26, 2013 8:54am Sep 26, 2013 8:54am
Quoting loeil
{quote} Remember that candles may look a little bit differently on brokers. I don't see any Doji's there. {image}
Pew Pew - Lazer Chicken!
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There is no spoon....
  • #60,144
  • Edited 9:24am Sep 26, 2013 9:09am | Edited 9:24am
Quoting Msis125125
{quote} Pew Pew - Lazer Chicken! {image}
Different brokers, little bit different candles.. no big deal at all! very educational post!
Whatever is obvious is obviously wrong!"
  • #60,145
  • Edited 11:33pm Sep 26, 2013 9:10am | Edited 11:33pm
GU: Another 10 pips taken
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Everything is possible!!! Step by Step...
  • #60,146
  • Sep 26, 2013 9:23am Sep 26, 2013 9:23am
GU Analysis

  1. I had this diagram drawn around 2-3 hours ago.
  2. 1st blue box they accumulated long orders below the whole number. They then shot the price up and had a little breather midway to load up some more longs and then up it went again
  3. 3rd box is where they went for the opposite. They had raised the price up enough in order to start increasing their short orders. The formula was then repeated when they took a breather midway to load up some more shorts and off they went again bringing the price down to where we are at now

I'm obviously stating the MMs are bears who are looking to bring the price down to around the 1.59900 mark

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  • #60,147
  • Sep 26, 2013 9:25am Sep 26, 2013 9:25am
Quoting DmitryFX
GU: Another 10 pips taken {image}
As I see you are good of scalping
Whatever is obvious is obviously wrong!"
  • #60,148
  • Sep 26, 2013 9:36am Sep 26, 2013 9:36am
Quoting loeil
{quote} As I see you are good of scalping
Forex is easy!

  1. Fast MA below Slow MA
  2. Retracement to Fibo
  3. Confirmation from volumes
  4. Trade
  5. Fast pips taken
  6. Repeat

Everything is possible!!! Step by Step...
  • #60,149
  • Sep 26, 2013 9:39am Sep 26, 2013 9:39am
Quoting marvas
GU Analysis I had this diagram drawn around 2-3 hours ago. 1st blue box they accumulated long orders below the whole number. They then shot the price up and had a little breather midway to load up some more longs and then up it went again 3rd box is where they went for the opposite. They had raised the price up enough in order to start increasing their short orders. The formula was then repeated when they took a breather midway to load up some more shorts and off they went again bringing the price down to where we are at nowI'm obviously stating...
Totally agree with you.

And look, the price found support with increasing volume. Then price pullbacks to 38.2fibo zone and again with increasing volume. And then rally up to 161.8fibo zone, btw it is a previous resistance zone also. Just perfect
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Whatever is obvious is obviously wrong!"
  • #60,150
  • Sep 26, 2013 10:17am Sep 26, 2013 10:17am
Quoting sonicdeejay
Sir Tah.. GU looking weightless.. pull back may be on the card.. And of coz.. wait for bear pa before entering.. Sonic {image}
Hi sonic,
you were right! but I dont understand the reasoning behind you saying GU looking "weightless". What was the first hint that made you think it looked toppish?
Like for instance when you made your previous call on EJ having made a "base", it looked as though you based that on large volume acting as resistance... whats the logic behind your GU call?
  • #60,151
  • Sep 26, 2013 10:30am Sep 26, 2013 10:30am
Quoting mouldy
{quote} Hi sonic, you were right! but I dont understand the reasoning behind you saying GU looking "weightless". What was the first hint that made you think it looked toppish? Like for instance when you made your previous call on EJ having made a "base", it looked as though you based that on large volume acting as resistance... whats the logic behind your GU call?
I think he meant weakness.

Can you see why he said "weightless" ? Price met old resistance followed by high volume also. There was a strong weakness in the air.
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Whatever is obvious is obviously wrong!"
  • #60,152
  • Sep 26, 2013 10:30am Sep 26, 2013 10:30am
EJ Short Trade

Note:
This is a separate account trade, as I already have a short trade with many components running on this in another account.

Setup:
Starting in the day, after the price went up, there was a PA wave of lower HLs and the price dropped back down. By the time of the US open, the price had returned up to a decent EP zone of that PA wave, just above the half number which also was resistance yesterday.

Entry & Comment:
Above the half number is where I entered short. As can so often happen, the MMs subsequently spiked the price further up to get liquidity for their own shorts by triggering into the market pending long orders and by triggering stops on existing short positions of others. As Master Sonicdeejay said earlier today, if you run with a tight SL, the market is going to love you. If you use a SL, it should be far out, sort of a "catastrophic" SL. I do not have one set at all.

Exit:
I have placed the TP in the RWL area, which I feel is a reasonable target. Only time will tell.
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  • #60,153
  • Sep 26, 2013 10:34am Sep 26, 2013 10:34am
Quoting Islander
{quote} My idea of trading with the Three Dragons remains work in progress. About two months ago I decided that for trading off the 1 min chart, changing the 5m Dragon - 34 x 5 = 170ema to a 120 ema gave slightly better potential entries. I have posted this MANY times since and the choice is down to the individual trader - others are using different settings. The principle remains the same.....monitoring the Price Action around S&R levels with the SonicR PVA Volume and using a Dragon as a method for setting a objective entry strategy.....thus some...

Understood, Islander. Extensively answered. Thank you.
Hunting High and Low
  • #60,154
  • Sep 26, 2013 10:55am Sep 26, 2013 10:55am
Quoting loeil
{quote} I think he meant weakness. Can you see why he said "weightless" ? Price met old resistance followed by high volume also. There was a strong weakness in the air. {image}

sounds like a pretty good explanation to me. I understand that he meant it was waiting for it to fall, of course, but somehow the image of a 'weightless' object brought the picture of a balloon into my head -_- hahah... thanks anyway loeil!
  • #60,155
  • Sep 26, 2013 11:11am Sep 26, 2013 11:11am
Quoting sonicdeejay
Sir Tah.. GU looking weightless.. pull back may be on the card.. And of coz.. wait for bear pa before entering.. Sonic {image}
Quoting mouldy
{quote} sounds like a pretty good explanation to me. I understand that he meant it was waiting for it to fall, of course, but somehow the image of a 'weightless' object brought the picture of a balloon into my head -_- hahah... thanks anyway loeil!
"Weightless" GU

Look closely and you will see the gap up, with the following two bars seeming to be floating above.....
Attached Image
  • #60,156
  • Edited 1:06pm Sep 26, 2013 11:20am | Edited 1:06pm
Quoting traderathome
{quote} "Weightless" GU Look closely and you will see the gap up, with the following two bars seeming to be floating above..... {image}
I personally hadn't noticed that gap on sonicdeejay's chart. My chart looks well, without "random" gaps.
http://www.forexfactory.com/showthre...13#post6989713
Whatever is obvious is obviously wrong!"
  • #60,157
  • Sep 26, 2013 11:40am Sep 26, 2013 11:40am
Quoting loeil
{quote} I personally had noticed that gap on sonicdeejay's chart. My chart looks well, without "random" gaps. http://www.forexfactory.com/showthre...13#post6989713
The point is, what does your Week chart show?
  • #60,158
  • Sep 26, 2013 1:09pm Sep 26, 2013 1:09pm
UJ Short Trade

Setup:
After the US open another PA lower HLs wave formed as the market worked the price up/down in the whole number area. The repeated PA spikes up and down thru the whole number with notable volume today indicated the market is bearish.

Entry:
I entered as price began to fall below the whole number.

Target & Comments:
I do not have a TP or SL set, and I am waiting for tomorrow's RDH/RDL marks to set a TP.
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  • #60,159
  • Sep 26, 2013 1:15pm Sep 26, 2013 1:15pm
Quoting traderathome
{quote} The point is, what does your Week chart show?
My weekly chart shows a strong weakness..bears has jumped in..multiple resistance zone area..pretty usual..weightless?
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Whatever is obvious is obviously wrong!"
  • #60,160
  • Edited 1:49pm Sep 26, 2013 1:22pm | Edited 1:49pm
Quoting loeil
{quote} My weekly chart shows a strong weakness..bears has jumped in..multiple resistance zone area..pretty usual.. {image}
Your Week chart does not show the gap up. That was what I was referring to. What I find interesting is that my FXCM chart also does not show the gap up that Sonic's FXCM chart shows! Guess that demonstrates that even a single broker might have different "server worlds" for different parts of the real world, and that price data is not necessarily the same on the broker's different servers!

It might be possible that a broker, like FXCM, that is international and operates different servers in different locations with different pricing, could somehow use the price differences to it's own advantage and to the disadvantage of it's customers. Well, imho, FXCM is cut from the same cloth as the rest of the "Thieves of Wall Street", so it would be like them to not standardize if they could possibly benefit more from their clients by not doing so. We certainly do not see forex "brokers" pushing for the market to have a "clearing house" that collects and redistributes all order/volume data, so that everyone is on the same page. Too much "monkey business" and other things that are to the disadvantage of retailer traders is possible the way it is. I'm sure they'd love to keep it that way.
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