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Sonic R. System

  • #64,181
  • Jan 16, 2014 1:46pm Jan 16, 2014 1:46pm
Quoting traderathome
{quote} loeil, Take a look at H1. You can clearly see at the US open the US MMs rammed the price up, pushed it up above PVT and loaded up, and then rammed it back down. Now, note specifically the bear hammer bar after the red bar. See how it is suddenly much lighter in volume? And see how as the price subsequently went back up the volumes continued to fall off? There can be no doubt the highs are what is coveted. Buy low, sell high. If the MMs were bulls, the last two hour bars in the LS which made two of the three lowest lows of the day, would...
Thanks TAH, I try to analyze it from other angle too
Whatever is obvious is obviously wrong!"
  • #64,182
  • Jan 16, 2014 2:05pm Jan 16, 2014 2:05pm
Quoting cigarguy
{quote} TAH, I know you are trying to help and your help is always appreciated. Just re-installed again pls. look at my updated post above. Is that correct? My Broker is in Helsinki, we also discussed that and you advised that yours was the same. Of course I want to use what you took the time to program and provide to make life easier for all traders here. Thanks!
cigarguy,

From what I can see, your pivots (broker at GMT+2) align with mine, but you confirm via attached chart.
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  • #64,183
  • Jan 16, 2014 2:10pm Jan 16, 2014 2:10pm
Quoting traderathome
{quote} cigarguy, From what I can see, your pivots align with mine, but you confirm via attached chart. {image}

TAH,

Got it! Chart must have been contaminated some how, but now agrees with yours.

Was the zoom correct now as well? Looks the same, but little difficult to see exactly with your white background.

Thanks Much!
Keep It Simple
  • #64,184
  • Jan 16, 2014 2:13pm Jan 16, 2014 2:13pm
Quoting cigarguy
TAH, Think MM's will run it back up during Asian session....OR.... not done getting longs? {image}
Hello, cigarguy, and everyone up here. This is my first post here. Nice job sonic!
Normaly I only read your posts, but now I can not stand aside because I saw your chart on AU. What broker you use? The chart is wrong! There is a spyke down in one minute on AU from 0.88918 to 0.88357 becase of HFT. Then almost flat prices.... If I could burn this HFT...
  • #64,185
  • Jan 16, 2014 2:43pm Jan 16, 2014 2:43pm
EU long.

H
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"The future is already written in the past"
  • #64,186
  • Jan 16, 2014 2:56pm Jan 16, 2014 2:56pm
Quoting cigarguy
{quote} TAH, Got it! Chart must have been contaminated some how, but now agrees with yours. Was the zoom correct now as well? Looks the same, but little difficult to see exactly with your white background. Thanks Much!

When displaying the SonicR Filled Dragon-Trend indicator, and as you select wider chart bars, you need to set the "Chart Zoom" correctly. It is in the External Inputs of the Indicator. You really need to read and follow the instructions in the releasing post. I bet you've not found your way to the User Notes in the indicator compile yet. A lot of information is there!
  • #64,187
  • Edited 3:55pm Jan 16, 2014 3:32pm | Edited 3:55pm
Quoting traderathome
{quote} When displaying the SonicR Filled Dragon-Trend indicator, and as you select wider chart bars, you need to set the "Chart Zoom" correctly. It is in the External Inputs of the Indicator. You really need to read and follow the instructions in the releasing post. I bet you've not found your way to the User Notes in the indicator compile yet. A lot of information is there!
Compared your chart to mine and appears same.

Thanks!
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Keep It Simple
  • #64,188
  • Jan 16, 2014 4:06pm Jan 16, 2014 4:06pm
Quoting traderathome
{quote} EU Long Trade Update: Entered long #2, Scout. This is my worst trade this week. I started out with a Bear analysis and a short trade, which I closed for good profit after a good move down, thinking there will be a retrace for me to re-enter short. The retrace was very few pips and then the price started down more. At that point, I decided the MMs simply lowered the price a bit more to load longs for a longer retrace! I entered my long trade there, and that was a big mistake. I had up to that point controlled my thinking to only be a bear,...
EU Long Trade Closed:

Adjusted TP and the trade closed for 76 pips gain. Subsequent to the last post, I added longs #3-7. I retain my bearish sentiment and no longer have faith in a bullish retrace worth waiting longer for.
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  • #64,189
  • Jan 16, 2014 4:31pm Jan 16, 2014 4:31pm
EU Comment

I think what we have here is a day gone by where the MMs bitch whipped the price back and forth, but all the time were accumulating short orders. I see the very highs now as nothing more than a head fake above the drawn trend line. That was, in fact as I see it now, the "bull" retrace! The Dragon remains angled down. The Trend remains angled down. And for most of this entire day the shitty PA was taking place above a whole number, where MMs prefer to build short (PVSRA).

So far as I am concerned, if the last trading day this week brings highs above the 1/4SR, I will consider restarting a short trade.
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  • #64,190
  • Jan 16, 2014 6:15pm Jan 16, 2014 6:15pm
Quoting traderathome
EU Comment I think what we have here is a day gone by where the MMs bitch whipped the price back and forth, but all the time were accumulating short orders. I see the very highs now as nothing more than a head fake above the drawn trend line. That was, in fact as I see it now, the "bull" retrace! The Dragon remains angled down. The Trend remains angled down. And for most of this entire day the shitty PA was taking place above a whole number, where MMs prefer to build short (PVSRA). So far as I am concerned, if the last trading day this week brings...
TAH,
Gotta love your colorful analysis.....just making your point and keeping it instructive and interesting.

" MMs bitch whipped the price back and forth, but all the time were accumulating short orders. I see the very highs now as nothing more than a head fake above the drawn trend line. That was, in fact as I see it now, the "bull" retrace! The Dragon remains angled down. The Trend remains angled down. And for most of this entire day the shitty PA was taking place above a whole number, where MMs prefer to build short (PVSRA)."
Keep It Simple
  • #64,191
  • Jan 16, 2014 6:51pm Jan 16, 2014 6:51pm
Quoting hansma
EU long. H {image}

Hi Hansma, I was looking at that chart as well, but having chart issues. Did you pick up about +25 or so? Or are you still long?
Keep It Simple
  • #64,192
  • Edited 7:19pm Jan 16, 2014 7:03pm | Edited 7:19pm
NU short Trade Opened:

Entered short #1, Scout if viewed on H1, but Classic on M5.

This is based on H1 and M5. H1 shows PA retrace. So, I looked for a Classic setup, but on a lower TF. M15 was not ready. M5 looked like it might be. M5 shows a PA wave starting down from the S&R area, then back up to it, then down again. It is a messy wave to be sure, but I was encouraged by the notable volume at the top of leg 3, that the Dragon was beginning down, and also that the Trend had gone from up to flat. So I made an M5 Classic Sonic R. System entry on a PA retrace in a H1 down trend.

I do not yet have a TP set. However, on H1 you can see that the lower whole number SR last acted as support. Now that the MMs hiked the price to accumulate more short orders, this support will no doubt get broken. RDL is an obvious target, but too close to the whole number for all the effort the MMs have gone to, I think. Therefore, I am considering a target more like in the area between RWL and the next lower whole number.
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  • #64,193
  • Jan 16, 2014 7:27pm Jan 16, 2014 7:27pm
AU Comment

The DAY chart shows the phase where the MMs closed shorts and have begun building long positions. The most recent move down is likely the spring move associated with an accumulation phase. This could be the start of more bullish moves.

The M15 chart shows a pre-LS Classic setup that looks about to break out. Note the notable volume coming off of the various recent lows.
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  • #64,194
  • Jan 16, 2014 7:38pm Jan 16, 2014 7:38pm
GU Comment

H1 shows PA sandwiched in a range. Ranging is one of the ways the MMs use to accumulate orders of the side they want. In this case, short orders. The up/down PA while ranging sucks in "wrong side" traders, which gets the MMs the liquidity they need to accumulate positions of the side they want.

M15 shows they might be ready for another leg of the bear run. They are, at the least, getting ready for it.
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  • #64,195
  • Jan 16, 2014 8:32pm Jan 16, 2014 8:32pm
EU Short Trade Opened:

Entered short #1, pre-LS early entry Classic.

Price could be taken higher today, so I am prepared to add more shorts at good opportunities to do so. As you can see, both DAY and M15 look like they soon could be validated short setups that are breaking out.
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  • #64,196
  • Jan 16, 2014 8:44pm Jan 16, 2014 8:44pm
UJ: Closed for +660 pips.
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insanity: Doing the same thing over... and expecting different results -AE
  • #64,197
  • Edited 9:01pm Jan 16, 2014 8:51pm | Edited 9:01pm
Quoting qFish
UJ: Closed for +660 pips. {image}
qFish,

Yeehaw! 660 pips! Congratulations on a profitable trade from well placed Scouts.

Did I say "well placed Scouts"? They were perfectly placed Scouts! What a trader you are!
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  • #64,198
  • Jan 16, 2014 8:59pm Jan 16, 2014 8:59pm
Quoting traderathome
NU short Trade Opened: Entered short #1, Scout if viewed on H1, but Classic on M5. This is based on H1 and M5. H1 shows PA retrace. So, I looked for a Classic setup, but on a lower TF. M15 was not ready. M5 looked like it might be. M5 shows a PA wave starting down from the S&R area, then back up to it, then down again. It is a messy wave to be sure, but I was encouraged by the notable volume at the top of leg 3, that the Dragon was beginning down, and also that the Trend had gone from up to flat. So I made an M5 Classic Sonic R. System entry on...
NU short Trade Closed:

Set TP close in for Asian session. Trade closed for 50 pips gain. I intend to now look for a re-entry short if there is a sufficient retrace into the LS.
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  • #64,199
  • Jan 16, 2014 9:08pm Jan 16, 2014 9:08pm
NJ Short Trade (Open & Close):

Entered short #1 late Wednesday. Added short #2 yesterday. Both Scouts. Sorry, forgot to post. Manually closed just now for 99.8 pips gain. Might look for retrace and re-enter short.
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  • #64,200
  • Jan 16, 2014 9:17pm Jan 16, 2014 9:17pm
29 days, 667 trades closed.
Withdrawal 40% from my balance.
Back to $6,000.

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