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Sonic R. System

  • #61,161
  • Oct 21, 2013 4:44am Oct 21, 2013 4:44am
Tomorrow will be an interesting day.

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Keep learning until you die :-)
  • #61,162
  • Oct 21, 2013 4:49am Oct 21, 2013 4:49am
GU Short Also

Would have been tempted for EU short also, but GU has the larger ADR of the two (116.2 vs 78.2).

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(Entry was made using 79% Fib retracement on the 5 min chart)
  • #61,163
  • Oct 21, 2013 5:21am Oct 21, 2013 5:21am
Quoting trihhnguyen
Tomorrow will be an interesting day. {image}

thx for a reminder..

News in 10 mins and 1.5 hrs time...

134.2x should break... UP..


Inserted Video



Sonic
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  • #61,164
  • Oct 21, 2013 5:59am Oct 21, 2013 5:59am
I am new to SonicR system. If I may ask, is SonicRV3.zip the most recent revision of the system? Thank you.
Vita est simillimus forexum(Life is like forex)
  • #61,165
  • Oct 21, 2013 6:30am Oct 21, 2013 6:30am
Quoting dennis681
I am new to SonicR system. If I may ask, is SonicRV3.zip the most recent revision of the system? Thank you.
Hi Dennis, im new here as well.
This is what i found to be the newest set of indies.
Attached File(s)
File Type: zip SonicR 2013 Indicators & Template Upgrade.zip   132 KB | 1,078 downloads
  • #61,166
  • Oct 21, 2013 6:57am Oct 21, 2013 6:57am
Quoting loeil
GU - classic long also. It's a weird but looks like classic long. {image}
This makes me think, that GU is not ready to fall yet.
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Whatever is obvious is obviously wrong!"
  • #61,167
  • Oct 21, 2013 6:59am Oct 21, 2013 6:59am
Quoting Bloomfx
GU Short Also Would have been tempted for EU short also, but GU has the larger ADR of the two (116.2 vs 78.2). {image} (Entry was made using 79% Fib retracement on the 5 min chart)
Subsequent trade management:

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  • #61,168
  • Oct 21, 2013 7:54am Oct 21, 2013 7:54am
Quoting wnabo
Prof TAH. I went back and re-read on volume and pvsra but Im still not sure if I've got. Eg the trendline on the chart below is angling upwards thats a sign that the MMs are bears right? Second, the points Ive ear marked on the charts give me reason to believe they are Bears selling only after they,ve raised the price to those points for better shorting positions. The problem is there's superior bullish activity everywhere and its confusing me as to whether Im right in my judgement. So please sir, could you or anyone else more knowledgeable, check...
PVSRA

The most important thing learned over past months with PVSRA is that a properly done PVSRA can determine if the MMs are bull or bears. However, bull MMs might be closing shorts, not yet opening longs. Bear MMs might be closing longs, not yet opening shorts. Furthermore, the Dragon and PA show the way, and until the PVSRA indications are consistent and coincide with the Dragon and PA, it is too early to trade the PVSRA indication without taking added risk.
  • #61,169
  • Edited 8:28am Oct 21, 2013 8:15am | Edited 8:28am
Quoting worldfreedom
{quote} I have closed my Uchf as there has been no movement. This market is still anemic. I will continue to monitor.
UChf (and UCad)

Anemic for trading, yes. Probably the reason is the big order setters (banks) keep putting their buy orders low, so the market makers keep running the price back down to fill them. These big order setters might already have intentions of big orders to close these longs they are collecting, closing somewhere up high, but they might not have placed them. So, for now.....anemic.....so long as just the building of long positions progresses.

I am long this pair. Here is what I see. So far today the low is higher than the Friday low and the high is higher than the Friday high,......a PA wave for a long is being created. And, the volume has increased today each time the price moved to relative lows or came up off of them. Will this PA wave turn into a long setup? Only time will tell, but meanwhile this does appear bullish. The Dragon itself could cycle down and then turn back up, at which time the Trend line too might be showing bullish, and there might be a Sonic R. long setup.....sometime tomorrow. If that fails to happen and the price gets whacked again, then imho the big players are clearly dragging out the process of building longs, which would be a very bullish indication indeed.

And the same goes for UCad.
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  • #61,170
  • Oct 21, 2013 8:36am Oct 21, 2013 8:36am
This is true for others as well. Look at AUD for instance, just hanging there, not going down. While, I agree with you technically- the pair is relatively low and thus attractive for longs- but on the other hand, Dollar has been so weak. CHF goes how Euro goes and Euro being so strong- I think USDCHF goes much-lower from here (larger TF trend is down, lot of mistrust of politics in US, extremely negative dollar momentum)

There will be more attractive buying opportunities at .87 , .86 I think but this is just not ready to go up from this level IMHO.



Quoting traderathome
{quote} UChf (and UCad) Anemic for trading, yes. Probably the reason is the big order setters (banks) keep putting their buy orders low, so the market makers keep running the price back down to fill them. These big order setters might already have intentions of big orders to close these longs they are collecting, closing somewhere up high, but they might not have placed them. So, for now.....anemic.....so long as just the building of long positions progresses. I am long this pair. Here is what I see. So far today the low is higher than the Friday...
Its all in the mind.
  • #61,171
  • Oct 21, 2013 8:44am Oct 21, 2013 8:44am
Quoting 5abi
This is true for others as well. Look at AUD for instance, just hanging there, not going down. While, I agree with you technically- the pair is relatively low and thus attractive for longs- but on the other hand, Dollar has been so weak. CHF goes how Euro goes and Euro being so strong- I think USDCHF goes much-lower from here (larger TF trend is down, lot of mistrust of politics in US, extremely negative dollar momentum) There will be more attractive buying opportunities at .87 , .86 I think but this is just not ready to go up from this level IMHO....
Euro Strong, USD Weak?

I understand your logic is based on the premise the Euro is so strong. But, what if this "strength" is nothing more than the market continuing to prop it up while there is still excuse to do so,.....like the USD still being questioned? These things have lost all relationship to real individual values and real relative values. It has become a tug-of-war with politics involved and the market being the ultimate decider. Soon as the market decides it is time to start moving the Euro and the USD the other way for profits, that is what will happen. And suddenly, that Euro "strength" will dissipate and the USD "strength" will appear.

Who can know what the market will decide, or when.
  • #61,172
  • Oct 21, 2013 8:50am Oct 21, 2013 8:50am
Quoting traderathome
{quote} UChf (and UCad) Anemic for trading, yes. Probably the reason is the big order setters (banks) keep putting their buy orders low, so the market makers keep running the price back down to fill them. These big order setters might already have intentions of big orders to close these longs they are collecting, closing somewhere up high, but they might not have placed them. So, for now.....anemic.....so long as just the building of long positions progresses. I am long this pair. Here is what I see. So far today the low is higher than the Friday...
Yeah, nice pattern
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  • #61,173
  • Oct 21, 2013 8:52am Oct 21, 2013 8:52am
And that might be the case. Its no secret every central bank has wanted their currency to be weaker than the rest.
I just said my case out loud, considering the momentum as it is now. Just my 2 cents, why is the darned thing not going up.

Quoting traderathome
{quote} Euro Strong, USD Weak? I understand your logic is based on the premise the Euro is so strong. But, what if this "strength" is nothing more than the market continuing to prop it up while there is still excuse to do so,.....like the USD still being questioned? These things have lost all relationship to real individual values and real relative values. It has become a tug-of-war with politics involved and the market being the ultimate decider. Soon as the market decides it is time to start moving the Euro and the USD the other way for profits,...
Its all in the mind.
  • #61,174
  • Edited 9:32am Oct 21, 2013 9:10am | Edited 9:32am
For the Quasimodo Fans....

There are a couple of USD high impacts coming tomorrow, so the market might coincide the start of some interesting PA with them. All it would take is for the market to suddenly initiate a liquidity creating whipsaw of prices down and back up again, and then drive the prices higher,.......something the market is more than capable of doing and frequently more than willing to do if it will make suitable profits, regardless of whatever the "news" is.

This is not to say that PA will exactly follow the lines drawn, but you get the point. What matters is if the big banks place more big buy orders down lower and if the market makers then attempt to get the price down once more to fill them.
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  • #61,175
  • Oct 21, 2013 9:27am Oct 21, 2013 9:27am
GU Classic Short
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There is no spoon....
  • #61,176
  • Oct 21, 2013 9:35am Oct 21, 2013 9:35am
Quoting Msis125125
GU Classic Short {image}
And what is nice here is the volume rolls up and back down relative to the price moving up and back down. Unfortunately, the LS is over. And with USD releases tomorrow, it seems premature for the market to start a run down now.

How about the possibility shown in chart pic. 2?
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  • #61,177
  • Oct 21, 2013 9:39am Oct 21, 2013 9:39am
Quoting traderathome
{quote} And what is nice here is the volume rolls up and back down relative to the price moving up and back down. Unfortunately, the LS is over. And with USD releases tomorrow, it seems premature for the market to start a run down now. {image}
Agree, I seems to be start losing my grip in Forex, time to look for low paid stable job, maybe a street sweeper!
There is no spoon....
  • #61,178
  • Oct 21, 2013 10:01am Oct 21, 2013 10:01am
Quoting Msis125125
{quote} Agree, I seems to be start losing my grip in Forex, time to look for low paid stable job, maybe a street sweeper!
My Boss Says He Needs Another Good Street Sweeper....

The big bucks in the market can be wrong longer than everyone else. They can support prices with their orders and the market maker's cooperation out of greed to fill them. They can be patient, most patient.....to run everyone else out of patience. And when everyone else thinks a turn is coming, .......watch what happens!

Master Sonicdeejay has presented time and again the need for patience before trading, and high standards for what to trade. Lack of patience and a willingness to compromise standards is what leads to losses.

I am not criticizing, for I too very much need improvement in these two areas. We are always talking about setups, many of which embody compromise. We do this because we are anxious to be into a trade. I guess patience and pickiness should be as much a part of the considerations of a good setup as anything else.

In these times, and particularly with USD high impact releases coming tomorrow, it is natural the market is not going anywhere yet. And it might not even then. We have to have the patience to wait and see what the market shows us, and have enough control over our greed to then wait for a proper trade opportunity instead of anticipating one and jumping in prematurely.
  • #61,179
  • Edited 11:52am Oct 21, 2013 10:23am | Edited 11:52am
Quoting traderathome
{quote} UChf Long Trade Update: Added long #2, Classic. M15 shows good volume at the basing area of low prices today and yesterday. Adjusted TP. Raised SL. {image}
UChf Long Trade Update:

Since last posting I have added long Scouts #3 (x2), #4 (x6) and #5 (x6) bringing this up to 5 trades comprised of 16 components long. Trades #3 and #4 were made Friday as the price dropped. Trade #6 was just made as the price moved down after the close of the LS on increased relative volume. The TP is adjusted in regard for the RWH mark. The SL is removed due to possible high volatility that could occur as a result of upcoming USD high impact releases that could result in the price temporarily achieving un-anticipatable lows.
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And 1.5 hours later.....
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  • #61,180
  • Oct 21, 2013 12:40pm Oct 21, 2013 12:40pm
Quoting traderathome
{quote} UCad Long Trade Update: Added long Scouts #6-8, #6 is 2x and #7 is 4x normal size, which I have done partly to examine the function of the upgrade SonicR Trade Levels indy (Beta version testing) which handles variable sized entries. Adjusted TP. {image}
UCad Long Trade Update: Added long Scouts #9-12 since last posting. Scout #12 (x5) was just added as the price faded back below the whole number on increased volume, visible on an M1 chart. To correct an error posted, it is not #6 (x2), #7 (x4), but #5 (x2) and #6 (x4). TP is adjusted based on historic PA in spite of RWH being lower. There is no SL due to coming USD high impact releases.
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