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Sonic R. System

  • #63,181
  • Dec 10, 2013 9:42am Dec 10, 2013 9:42am
EU closed long trade. 3 x 142 = + 426 pips
AU closed long trade. 3 x 83 = + 249 pips
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Newbie trader
  • #63,182
  • Dec 10, 2013 9:55am Dec 10, 2013 9:55am
I see strength. UCa closed short trade: 3 x 30 = +90 pips
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Newbie trader
  • #63,183
  • Dec 10, 2013 9:56am Dec 10, 2013 9:56am
Quoting traderathome
{quote} GU Short Trade Update: Added short #3, another Classic as price dropped several pips below end of first candle out of Dragon on PA wave leg #3. Price has moved back up since then (another single bar push up), but this frequently happens when the stinking banks are not done loading up for the trade, and maybe trying to stop out shorts to get liquidity to do so (which is when we also can insert Scouts to support our trade). Adjusted TP slightly. {image}
GU Short Trade Update: Added short #4, a Scout re-entry. Lowered TP to accommodate a possible 150+ pips bear swing for profits. The TP is tentative, though, because price might swing low only 100+ pips, and on the other hand the MMs might be planning on a 200+ pips bear swing for profits.
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  • #63,184
  • Edited 10:51am Dec 10, 2013 10:08am | Edited 10:51am
Quoting watashiLQ
{quote} Hey traderathome, Can you enlighten me on two questions pls : 1. When you said volume is market wide, it means that volume shown on our indicator reflects only trading with our own broker right? So if for example, a big investment decide to trade on broker A, why will the volume shown on broker B be high too? 2. If you are using an ECN account, it means your broker get feeds from interbanks(usually around 20) right? So does that mean ECN accounts reflects volume better? LQ
watashiLQ,

1. because knowledgeable traders with different brokers are all going to do the same thing about the same time for the same reasons.
2. you'd best check that out with your broker; possibly not because that's giving additional information to aid you, which is not in the bank's best interests.

Remember, what is important is not that your broker is linked to multiple liquidity providing banks to get liquidity for it's client's trading, but that the liquidity providing banks are the "Big Shark Traders" themselves! They are happy to provide liquidity to your broker, for the broker's client trading because those traders become food for the sharks! But they might not be happy to have the broker provide any information that makes the traders better informed. So, the broker might be restricted to providing no more information on volume than the volume of just the broker's own client base. You'd best check it out. When you do, post what you learned, please.

-tah
  • #63,185
  • Dec 10, 2013 10:11am Dec 10, 2013 10:11am
Hi Tah,

I am new to Sonic R System. I have a question.

Is there a reason why both black/white templates candles are in the same tones rather then those colours one?

What is the thoughts behind this?

Spot
  • #63,186
  • Dec 10, 2013 10:46am Dec 10, 2013 10:46am
Quoting Spot1
Hi Tah, I am new to Sonic R System. I have a question. Is there a reason why both black/white templates candles are in the same tones rather then those colours one? What is the thoughts behind this? Spot
The candle colors for white and black templates are not the exact same colors, but they are the same class of colors and selected to be the best shades for the template. It is a consideration for esthetics.
  • #63,187
  • Dec 10, 2013 11:17am Dec 10, 2013 11:17am
Quoting traderathome
{quote} watashiLQ, 1. because knowledgeable traders with different brokers are all going to do the same thing about the same time for the same reasons. 2. you'd best check that out with your broker; possibly not because that's giving additional information to aid you, which is not in the bank's best interests. Remember, what is important is not that your broker is linked to multiple liquidity providing banks to get liquidity for it's client's trading, but that the liquidity providing banks are the "Big Shark Traders" themselves! They are happy to...
Asked my broker, ICmarkets. According to them, tick volume for ECN and standard accounts are the same, just like you said. Thanks tah.

LQ
  • #63,188
  • Dec 10, 2013 12:34pm Dec 10, 2013 12:34pm
Quoting piprum
{quote} just thinking aloud.. just sold EJ, 1st entry as scout - 141.90, 40 SL. This could be a high reward, small risk, this is pre-SonicR ofcourse, but if it goes as anticipated then will follow the dragon accordingly. I am not a PVSRA expert btw, me thinks it will see 140.85 or maybe not. 139.90 to 139.40 will be key area if the bears can control, will only add more if everything else falls in line with sonicr. comments welcome. (price just shot up just before I could post this, well only 40pips at stake) {image} {image}

Just added to Eur/Jpy short at 141.53, 1st tp 140.87, still watching and hoping to add more, can manually close this entry at anytime all depending on PA.

Is anyone else short this pair? hope I am not the only one selling...lol
  • #63,189
  • Dec 10, 2013 4:21pm Dec 10, 2013 4:21pm
Quoting piprum
{quote} Just added to Eur/Jpy short at 141.53, 1st tp 140.87, still watching and hoping to add more, can manually close this entry at anytime all depending on PA. Is anyone else short this pair? hope I am not the only one selling...lol

You are not the only one!
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There is no spoon....
  • #63,190
  • Dec 10, 2013 4:46pm Dec 10, 2013 4:46pm
GU Comment, "Your Local Market Maker at Work"

Apparently the market makers believe they are going to have to make a market for those that want to short. You can see how the price was "worked" back upwards in the "after hours" market following the close of the last LS. This is a time of reduced pending orders/trading and when it is least costly for those that want to manipulate the price, to do so. So, maybe the market makers manipulated the price upwards, using all liquidity available to get higher priced shorts that later they can "sell" for a profit, to those that want to short in the near future when prices are lower and going lower.

Personally, if the price pops above the half number Level S&R again, I intend to insert another "Commando" Scout in support of my short trade on this pair.
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  • #63,191
  • Dec 10, 2013 5:52pm Dec 10, 2013 5:52pm
Quoting traderathome
{quote} GU Short Trade Update: Added short #4, a Scout re-entry. Lowered TP to accommodate a possible 150+ pips bear swing for profits. The TP is tentative, though, because price might swing low only 100+ pips, and on the other hand the MMs might be planning on a 200+ pips bear swing for profits. {image}
GU Short Trade Update: Added short #5, a Scout, as the price was worked back above the half number Level S&R. If you have been reading the recent posts on this pair, you know more about the "why" of this Scout. Adjusted TP slightly.
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  • #63,192
  • Dec 10, 2013 6:49pm Dec 10, 2013 6:49pm
Quoting sonicdeejay
{quote} 1 hr and 30 mins later... Told cha.. See some support coming in..careful with adding short.. {image} http://www.youtube.com/watch?v=z4MReEsQpZ0 Sonic {image}
Warned cha.. well sort of


Sonic
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  • #63,193
  • Dec 10, 2013 7:27pm Dec 10, 2013 7:27pm
Quoting traderathome
{quote} GU Short Trade Update: Added short #5, a Scout, as the price was worked back above the half number Level S&R. If you have been reading the recent posts on this pair, you know more about the "why" of this Scout. Adjusted TP slightly. {image}
Agree, I have a mate that works in London trade centre, he said SELL, 4-6 cents for sure! (400-600pips)
There is no spoon....
  • #63,194
  • Dec 10, 2013 7:48pm Dec 10, 2013 7:48pm
Quoting traderathome
{quote} The candle colors for white and black templates are not the exact same colors, but they are the same class of colors and selected to be the best shades for the template. It is a consideration for esthetics.
Hi Tah!!

I find this set up interesting and also the candles colour tones. They are not like the typical distinct red and green, they are "tone" down. That is why I asked about the reason behind this colour. I personally like it One plus about it is, we get to focus on the big picture and not caugh up in the price.

Another question.
What are those blue lines and red, written RWH, RDH, RDL and RWL?

What are those 3 vertical lines for as well?

Regards
Spot
  • #63,195
  • Dec 10, 2013 7:51pm Dec 10, 2013 7:51pm
Quoting Msis125125
{quote} Agree, I have a mate that works in London trade centre, he said SELL, 4-6 cents for sure! (400-600pips)

Interesting, because 600 pips is the length of the run up (see DAY chart) and 400 pips takes you back down to 200 pips above the start, which is first obvious support after the rise began.
  • #63,196
  • Dec 10, 2013 7:58pm Dec 10, 2013 7:58pm
Quoting traderathome
{quote} Interesting, because 600 pips is the length of the run up (see DAY chart) and 400 pips takes you back down to 200 pips above the start, which is first obvious support after the rise began.
And you think corporate bonuses comes from hard honest work?
There is no spoon....
  • #63,197
  • Dec 10, 2013 8:07pm Dec 10, 2013 8:07pm
Quoting traderathome
{quote} AU Nostalgia Long Trade Update: Entered #4 long, another Classic, though pre-LS. Adjusted TP slightly. {image}
AU Nostalgia Long Trade Update: Entered #5 long, a Scout as the price retraced to local resistance from Dec. 6th, resistance now possibly turning to support. Adjusted TP slightly.
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  • #63,198
  • Edited 9:08pm Dec 10, 2013 8:27pm | Edited 9:08pm
Quoting Msis125125
{quote} And you think corporate bonuses comes from hard honest work?
No, I think corporate bonuses, at least the huge bonuses to those at and near the top, are nothing more than greedy grabs for the money, making sure what is left can be their justification that the worker bees are overpaid. No, I do not think they come from hard work. They might not even come because profits were made. At the core, they come from selfish greed at the top by persons with little thoughts of anyone else but themselves. No, not earned, just taken. If they were earned by hard work at all, it would be by dishonest hard work, not honest hard work. If they were honest people that had any concept of what honest hard work really is, and that thought about more than just themselves, they'd not be taking bonuses at all, and would be lobbying for much higher pay for those at the lowest levels up, the folks that really do honest hard work.

I dislike corporate greed, and have decided to add to my prayer list that God will deal mightily with those steeped in it, and especially with those that are steeped in it to the severe disadvantage of His other children that have great and genuine needs, and that should be sharing more in the wealth they create by their honest work, but can't because those greedy folks at the top that could do something about it, refuse to.
  • #63,199
  • Dec 10, 2013 10:07pm Dec 10, 2013 10:07pm
My 2 analysis for GU, feel free to comments.


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  • #63,200
  • Dec 10, 2013 10:19pm Dec 10, 2013 10:19pm
Quoting traderathome
{quote} NU Short Trade Update: Added short #5, another Scout, as the price was once again whisked up towards the 1/4 Level S&R on a single bar at the US open. At this posting, the price has gone on to exceed the previous highs made up here. And the price could be pushed even further up. Adding when I did was risky. On the other hand, we know that the MMs prefer to sell (sell to close longs, sell to open shorts) above whole numbers, so this is a PVSRA indication the MMs might be bears getting liquidity to add shorts by sucking in longs with their...
hi I can't see your stop loss, can you please shed light on the SL

regards,
Lei
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