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Sonic R. System

  • #60,661
  • Oct 7, 2013 9:17am Oct 7, 2013 9:17am
Quoting traderathome
{quote} UJ Long Trade: Added long Scout #4 as once again the price went down on increasing activity. There is the consistency of highest activity at the lowest prices indicating the market is a bull because the price has been too many times at the lows with too much activity at the lows for the market to still be closing shorts. The TP is now tentative. I doubt it will be reached by the day end. Next week, depending on PA, it might need revision. {image}
UJ Long Trade Update: Added long Scout #5 as once again the price went down on increasing activity, this time below the whole number SR (PVSRA). Adjusted tentative TP.
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  • #60,662
  • Oct 7, 2013 9:30am Oct 7, 2013 9:30am
Quoting loeil
UJ - bulls building. Volume increased at lows. 10 longs opened. {image}
loeil which indicator are you using for SR (Green and Pink)? I am sorry if this has been asked before but I downloaded the templates and couldnt find it. Thanks in advance!
  • #60,663
  • Oct 7, 2013 9:45am Oct 7, 2013 9:45am
Been bz with new Samsung Note 3 for today...

Managed to do some piping...
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  • #60,664
  • Oct 7, 2013 9:51am Oct 7, 2013 9:51am
Quoting jasakreatif
another classic , eur 15m short {image}
add ep2 short

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  • #60,665
  • Oct 7, 2013 11:01am Oct 7, 2013 11:01am
Quoting Forexsurf.in
{quote} loeil which indicator are you using for SR (Green and Pink)? I am sorry if this has been asked before but I downloaded the templates and couldnt find it. Thanks in advance!
Already answered here post #60130 and here post #60115
Whatever is obvious is obviously wrong!"
  • #60,666
  • Oct 7, 2013 11:46am Oct 7, 2013 11:46am
Quoting loeil
{quote} Already answered here post #60130 and here post #60115

I liked your UJ trade. Nice entry.
Katte, kabuto no o wo shime yo. Size doesn't matter, leverage is the killer
  • #60,667
  • Oct 7, 2013 7:34pm Oct 7, 2013 7:34pm
It is below Dragon.. and bearishness is all over...

BUT

If I am not wrong,, I see some bull activities in the back ground..
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Climbing above Dragon will be nice..


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Sonic
  • #60,668
  • Oct 7, 2013 8:14pm Oct 7, 2013 8:14pm
short

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  • #60,669
  • Oct 7, 2013 10:44pm Oct 7, 2013 10:44pm
Should i enter here..is this is correct entry
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  • #60,670
  • Oct 7, 2013 10:46pm Oct 7, 2013 10:46pm
Quoting jasakreatif
short {image}
ajust TP to yesterday low , i like the progress , red volume really push without news release
and yellow aqua i intepret as breakout candle only

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  • #60,671
  • Edited Oct 8, 2013 12:06am Oct 7, 2013 11:29pm | Edited Oct 8, 2013 12:06am
Quoting amilasbandar
Should i enter here..is this is correct entry {image}
amilasbandar,

If you don't mind my saying, you have stuff on your chart that only complicates your task of keeping track of how PA behaves around key S&R, and the volume associated with that behavior.

It is not the LS yet. You can easily see on a cleaner chart that the price has been taken below the 1/4 number SR, but that the volume associated has not been that great. One might conclude that come the LS the MMs might take this down again, and maybe with more volume coming at the lows to mark the beginning of a move back up.

Right now, as Master Sonicedeejay would say, "....too late to short, too early to long...." As you can see, PA is just now above the Dragon and the Dragon is just now angling up. Another of Master Sonicdeejay's sayings, "....let the Dragon and PA show the way...", and they aren't showing it is time to long yet. This might be just the first leg up of a larger three leg wave, with the second leg taking the price back down and the third leg being when the price rises for the second time up thru the half number.

Only a guess, but price might fall in LS and then come back up, sort of making a double bottom, and that any Sonic R long setup might have EP just as price rises thru the half number again. On the other hand, price might drop and then come back up to the half number SR area and fail there and then this goes further down. I do not anticipate this, but we just cannot know. Best to wait into the LS and see what the big players do with the price and watch the volume when they do it.

-tah
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  • #60,672
  • Oct 7, 2013 11:55pm Oct 7, 2013 11:55pm
Quoting traderathome
{quote} amilasbandar, If you don't mind my saying, you have stuff on your chart that only complicates your task of keeping track of how PA behaves around key S&R, and the volume associated with that behavior. It is not the LS yet. You can easily see on a cleaner chart that the price has been taken below the 1/4 number SR, but that the volume associated has not been that great. One might conclude that come the LS the MMs might take this down again, and maybe with more volume coming at the lows to mark the beginning of a move back up. Right now, as...
Thanks for the valuable explanation .. I understand now .. what i'm still trying to lean is how to read the volume..where i can find deeper about the volume
Thank you
  • #60,673
  • Oct 8, 2013 1:10am Oct 8, 2013 1:10am
GU: I am looking for 2 possible scenarios for today.
IMHO the key level for today is 1.61
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Everything is possible!!! Step by Step...
  • #60,674
  • Oct 8, 2013 1:15am Oct 8, 2013 1:15am
Quoting sonicdeejay
It is below Dragon.. and bearishness is all over... BUT If I am not wrong,, I see some bull activities in the back ground.. {image} Climbing above Dragon will be nice.. Sonic

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Told Cha..

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Sonic
  • #60,675
  • Oct 8, 2013 1:25am Oct 8, 2013 1:25am
Quoting sonicdeejay
{quote} Told Cha.. {image} Sonic {image}
Good trades for Asian's traders
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Everything is possible!!! Step by Step...
  • #60,676
  • Oct 8, 2013 1:38am Oct 8, 2013 1:38am
Quoting diginime
{quote} High volume below 3/4 number, MM like to add long below this numbers, indicates MM's bull. Edit : and notable strong support line held at around 131.70 =) {image}
Hmmn. Im confused could you help me a little more? I see you used the i min time frame is 5 min no good for this. That is should I stick with M15 or M1? cause I dont hear anyone reccomending it.
  • #60,677
  • Oct 8, 2013 1:57am Oct 8, 2013 1:57am
Quoting wnabo
{quote} Hmmn. Im confused could you help me a little more? I see you used the i min time frame is 5 min no good for this. That is should I stick with M15 or M1? cause I dont hear anyone reccomending it.
M1 shows what MM's doing at real time! this is what i learned from Prof TAH =).
  • #60,678
  • Oct 8, 2013 3:12am Oct 8, 2013 3:12am
EU - interesting.. 50fibo held so far..does it hold channel too ..will see..
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Whatever is obvious is obviously wrong!"
  • #60,679
  • Oct 8, 2013 3:43am Oct 8, 2013 3:43am
Quoting jasakreatif
{quote} ajust TP to yesterday low , i like the progress , red volume really push without news release and yellow aqua i intepret as breakout candle only {image}
lucky day

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  • #60,680
  • Oct 8, 2013 4:07am Oct 8, 2013 4:07am
Good three dragons opportunity this morning. Once again room for improvement on my entries and exits. I held on as I was greedy and needed another 5 pips to hit target for the day following a silly single unit entry and small loss in Frankies hour.... Once again the pattern for me is:
1. Volume
2. Wave pattern
3. Three Dragons

The daily pivot concerned me but two attempts to bounce off failed - this was the clue. I am not posting my failed position as it adds nothing to the thread but it was a single unit 10 pip loss.

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Katte, kabuto no o wo shime yo. Size doesn't matter, leverage is the killer
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