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Sonic R. System

  • #61,781
  • Edited 2:08pm Nov 6, 2013 12:04pm | Edited 2:08pm
Quoting traderathome
{quote} NU Short Trade Update: Added short #2, a Classic. This is before the LS, but there is a series of lower HLs. The MMs might keep this from going lower until they can do some more shorting at higher prices, but I have added here just in case that does not happen and it starts dropping. {image}
NU Short Trade Update: Added short Scout #3 since prior post, and added short Scout #4 and short Classic #5 (M15) today.
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  • #61,782
  • Nov 6, 2013 12:56pm Nov 6, 2013 12:56pm
Quoting hansma
{quote} Agree - took some longs Letīs see... H. {image}
I like your PVA indicator
Whatever is obvious is obviously wrong!"
  • #61,783
  • Edited 1:18pm Nov 6, 2013 12:57pm | Edited 1:18pm
PVSRA, NU: Bulls or Bears?

This is under Distribution ahead of a Mark Down run. Notice the MMs first hiked the price to give themselves more selling "room", and then did some notable selling. Then they waited to see if they could do more selling at higher prices. Seeing that they could not, they then used the remaining selling "room" to add more shorts. Notice they bumped the price back up once they got to the area of previous lows. They are adding shorts, but do not want to make it so obvious as to push the price lower than before if they can still add shorts without doing so. This all seems to be in preparations for what they have planned, maybe starting tomorrow.
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Compared to all other xxxUSD pairs, NU is the highest of all in price relative to it's own price history. So, consider again this previously posted chart regarding the potential for a truly nice H&S run,......350 pips. And that is just after it drops from the neckline, which itself is almost 200 pips below the current price! This is the nicest potential H&S formation the market has produced on any pair in quite some time.
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  • #61,784
  • Nov 6, 2013 2:03pm Nov 6, 2013 2:03pm
PVSRA, NU: Bulls or Bears?

Well, the after hours MMs are still at it,.....another hike & sell.
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  • #61,785
  • Nov 6, 2013 2:10pm Nov 6, 2013 2:10pm
Quoting traderathome
{quote} NU Short Trade Update: Added short Scout #3 since prior post, and added short Scout #4 and short Classic #5 (M15) today. {image}
NU Short Trade Update: Added short Scouts #6-7 as after hours MMs worked the price up/down, but finally got the price high enough to consider adding.
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  • #61,786
  • Nov 6, 2013 4:30pm Nov 6, 2013 4:30pm
I follow Sonic's thread for a while now. I'm interested to master the short term setups.
For my own trading I use a market overview screen to identify valid SonicR setups.
This overview focuses on price action data to identify support and resistance in multiple time frames.
The charts are read from left to right, checking support and resistance levels, trend channels and wipe out zones.
Then column by column, checking synchronous activity and high activity for different symbols.
At the end confirm or filter upcoming setups with the dragons.
This indicator is an adaption of the existing RecentCandles indi to the SonicR system.

Attached File(s)
File Type: ex4 atstraderRecentCandles.ex4   34 KB | 530 downloads



Feature Overview:
- multiple markets
- multiple time frames
- candles / volume bars / HeikenAshi
- round number levels (full / half / quarter)
- bid line on all time frames
- ask line on lowest time frame
- visualize higher/lower than last bar
- visualize higher/lower than all bars in time frame
- show current spread and spread compared to average 10 day range in percent
- show daily range and average 10 day range
- show multiple dragons and distance to dragon border in percent (dragon range 100 percent)

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I will try to explain more details if requested.

atstrader
  • #61,787
  • Nov 6, 2013 4:47pm Nov 6, 2013 4:47pm
Notice how the volume has decreased over the hours. Market isn't interested in shorting.
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Take what the market gives you.
  • #61,788
  • Nov 6, 2013 6:07pm Nov 6, 2013 6:07pm
Quoting atstrader
I follow Sonic's thread for a while now. I'm interested to master the short term setups. For my own trading I use a market overview screen to identify valid SonicR setups. This overview focuses on price action data to identify support and resistance in multiple time frames. The charts are read from left to right, checking support and resistance levels, trend channels and wipe out zones. Then column by column, checking synchronous activity and high activity for different symbols. At the end confirm or filter upcoming setups with the dragons. This...
atstrader,

All is free and open coded here on the Sonic R. System thread. If you have been around for a while, you should know that. If you are presenting a tool here, in the spirits of "....sharing is caring....", please post the .mq4 file for your work, just like I have.

-tah
  • #61,789
  • Nov 6, 2013 6:30pm Nov 6, 2013 6:30pm
Quoting Tiggrrr
Notice how the volume has decreased over the hours. Market isn't interested in shorting. {image}
EU:

Tiggrrr, you didn't give the Asian session time to warm up. Price is now starting lower. However, it remains to be seen if the MMs have turned bears, or if they are still bulls pulling off a liquidity creation move,......sucking in "wrong side" shorts and hitting stops on longs,.....so they can add more longs themselves at lower prices.
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  • #61,790
  • Nov 6, 2013 8:15pm Nov 6, 2013 8:15pm
What does it mean TAH? can you give me more detail of this?
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  • #61,791
  • Nov 6, 2013 11:32pm Nov 6, 2013 11:32pm
Closed NU for 20 pips will look to re-enter. Looks like high impact news tomorrow. They may push this back up. If they do I will re-enter.
  • #61,792
  • Edited Nov 7, 2013 12:02am Nov 6, 2013 11:48pm | Edited Nov 7, 2013 12:02am
Quoting atstrader
I follow Sonic's thread for a while now. I'm interested to master the short term setups. For my own trading I use a market overview screen to identify valid SonicR setups. This overview focuses on price action data to identify support and resistance in multiple time frames. The charts are read from left to right, checking support and resistance levels, trend channels and wipe out zones. Then column by column, checking synchronous activity and high activity for different symbols. At the end confirm or filter upcoming setups with the dragons. This...

Interesting idea.

See an indicator below for more additions.

1/ For example, If there was a possibility to add any type of MAs into each separate chart (34 EMA + 89 EMA at least), it would be much appreciated.
2/ "Round" numbers should be shown on the specified TF (for example, 30Min or 1H). There is no need to print them on each separate chart.
3/ I did not find how to switch on the presence of candlesticks.

I do use the pipware-charts, so I will check additionally your instrument and let you know privatly about possible corrections.
Attached File(s)
File Type: ex4 pipware-charts.ex4   71 KB | 629 downloads
Hunting High and Low
  • #61,793
  • Nov 6, 2013 11:53pm Nov 6, 2013 11:53pm
Quoting traderathome
{quote} atstrader, All is free and open coded here on the Sonic R. System thread. If you have been around for a while, you should know that. If you are presenting a tool here, in the spirits of "....sharing is caring....", please post the .mq4 file for your work, just like I have. -tah
tah, I promise to release the mt4 file in the next weeks after my testing completed.
atstrader
  • #61,794
  • Nov 7, 2013 2:44am Nov 7, 2013 2:44am
EUR/USD Long Trade - Closed for break even.

What got me out of the trade is price touching the dragon on 4H chart. Maybe its my emotions getting in the way of this trade though everything seems just right.
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Take what the market gives you.
  • #61,795
  • Nov 7, 2013 3:09am Nov 7, 2013 3:09am
As Prof Tah shared a potential Head and Shoulder on the NU, seems like USDCAD is showing a good Head and Shoulder pattern on the H4 chart as well.

On the other side, there is a ascending triangle on the UJ H1 chart. However, every time the price hit the top, it's rejected with notable volume. Possibly a sign that supply is coming in.

Perhaps a fake breakout on the UJ by the MMs before driving price back down when they run for profits?
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  • #61,796
  • Nov 7, 2013 3:48am Nov 7, 2013 3:48am
Quoting Dr.Phoenix
{quote} Interesting idea. See an indicator below for more additions. 1/ For example, If there was a possibility to add any type of MAs into each separate chart (34 EMA + 89 EMA at least), it would be much appreciated. 2/ "Round" numbers should be shown on the specified TF (for example, 30Min or 1H). There is no need to print them on each separate chart. 3/ I did not find how to switch on the presence of candlesticks....
Dr.Phoenix, I will try to explain my reasons, why I did not draw a MA into the charts. The chart is small and levels together with MAs will mess up the small charts complete. Second the focus should be on PA and a MA always make me think why didn't I enter 5 bars ago. For me it already helps to know if the PA is inside or above/below the dragon or if its e.g. 1 or 2 times (100% / 200%) away from it. The EMA 89 is somehow covered by the dragon of the higher timeframes.
Please see below the docu for the color codings of my dragon:

Attached Image


You second question regarding round number for specified time frame can be done. Give me a day.
And to switch on candlesticks you just have to turn off RisingVolumeCandles and HeikinAshiCandles.

atstrader
  • #61,797
  • Nov 7, 2013 3:50am Nov 7, 2013 3:50am
looking for way out

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  • #61,798
  • Nov 7, 2013 3:54am Nov 7, 2013 3:54am
dont afraid to take entry , only need 15pips risk

GU short

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  • #61,799
  • Nov 7, 2013 4:26am Nov 7, 2013 4:26am
Quoting loeil
{quote} AU - marked TP area for my longs. {image}
AU - interesting bear candle there, probably some news or something. Is it coincidence that falling stopped just in the same area as 2 days ago? I don't think so. If smart money wanted to sell, then why there is no high activity before that red bear candle? Nothing special at this high.
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Whatever is obvious is obviously wrong!"
  • #61,800
  • Nov 7, 2013 4:52am Nov 7, 2013 4:52am
UJ - I know that most people here are buying UJ, but for me it seems more bearish than bullish. All highest volume ticks are at highs. Just my opinion.
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Whatever is obvious is obviously wrong!"
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