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Sonic R. System

  • #64,841
  • Jan 30, 2014 11:07am Jan 30, 2014 11:07am
Quoting loeil
{quote} Will see what is their plan with EU, on D1 chart I see strong selling, does it hold support this time, to soon to tell. {image} "I should trade what I see instead of what I think" - totally agree If MMs have a plan to buy EU, then it is important to see bulls signs in support area. Will see, what Asian session MMs do and tomorrow morning probably brings some answers. {image}
Chess
I want more brain power!
  • #64,842
  • Jan 30, 2014 11:07am Jan 30, 2014 11:07am
You ca use this indicator to have less false signals
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File Type: ex4 buy zone fibs.ex4   5 KB | 494 downloads
File Type: ex4 sell zone fibs.ex4   6 KB | 475 downloads
  • #64,843
  • Jan 30, 2014 2:45pm Jan 30, 2014 2:45pm
Quoting sachin1361
TAH, which indicator/option we can use on chart to show the trades entry point? Have seen multiple EP labels on other's charts but dont know how to get it on my chart. pl help.
Questions, Questions,....Always the Same Questions!

Unfortunately, folks pop in without back reading anything and without front reading anything. They just look at all the pretty pictures we post (which you don't get on any other thread like you get here) and start asking questions.

I have answered this question for such new folks time and again. No more! The answer is in the thread. Read or weep. Frankly, and this is not just due to you, I am very tired of folks running their mouths to ask questions already answered in the logical place to look for answers, but do not want to use their brains. They just want to be spoon fed instead of working to lift the spoon to their own mouths. No more!

Again, this is not directed solely at you, but at everyone that comes here and behaves in this fashion. I am a trader. With the participation of others, I have submitted some nice tools for traders. And I have taken great pains to provide full instructions on them, which can be found in the logical place. When something new is in the works, it is often beta tested and appears in posts. And in come the questions. I am tired of repeating the answer.

Back read the thread!

-tah
  • #64,844
  • Jan 30, 2014 2:49pm Jan 30, 2014 2:49pm
Quoting mrkprkuid25
You ca use this indicator to have less false signals {file} {file}
mrkprkuid25,

This is a "....sharing is caring...." driven thread. And one thing we subscribe to is freely providing open coded tools. Therefore, please do not post any indicator that is not open coded. Either post the .mq4 file or don't post it.

-tah
  • #64,845
  • Jan 30, 2014 2:59pm Jan 30, 2014 2:59pm
Quoting loeil
{quote} Reason why I took long positions.. {image}
loeil,

Thank you for your reply (pic 1). Well, this is going to be interesting then because I still see it as bearish (pic 2). My reasons are:

1. The first marked candle of high volume is not striking the lowest prices, which opens the possibility it is a sell-off situation.
2. The second marked candle of high volume pushes the price back up to/thru the upper half number, which is (very important) immediately followed by a pin bar that could represent the clearing out up there of the liquidity for shorting.

As it stands, still the Dragon and Trend remain angled down and the Dragon is below the Trend. Time will tell.

-tah
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  • #64,846
  • Jan 30, 2014 3:12pm Jan 30, 2014 3:12pm
EU Comment: Take Profit or Let It Run?

I have been thinking if I should close this trade or let it run. I have been disgusted with the Market Makers constantly pumping the price back up. Now that I look at it some more, I think I will let it run for now.

What I see is that the time between the grand pump and today's fall from grace is time during which the MMs supported the price on-high while spiking it up to exhaust shorting liquidity and spiking it down to exhaust shorting liquidity. In other words, once the MMs had the price sufficiently pumped up, they went to work swinging price up and down while accumulating short positions throughout the entire extent of their swings. That was fine with them because all the accumulation of shorts was being done well above the price the pump started at. And now that the price is back to where it started at, the MMs already have some profits started.

Yes, so I think I will let this short trade have some more time.

-tah
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  • #64,847
  • Edited 3:43pm Jan 30, 2014 3:29pm | Edited 3:43pm
NU and NJ, Possible Action

In about 15 minutes is a NZD high impact release. This will be followed by another in about 1.5 hours from now. These might be catalysts ("excuses") for the MMs to swing price, maybe offering up a Sonic R. System trade setup. Don't expect everything to happen at the first. The MMs are sneaky bastards and we can never know how price will move next. Overall, though, some impetus might be given to NZD pairs that could result in trade setups.

On the other hand, we are going into the last day of the week, and this is no time to be planning a long running trade.
  • #64,848
  • Jan 30, 2014 4:12pm Jan 30, 2014 4:12pm
Quoting traderathome
{quote} loeil, Thank you for your reply (pic 1). Well, this is going to be interesting then because I still see it as bearish (pic 2). My reasons are: 1. The first marked candle of high volume is not striking the lowest prices, which opens the possibility it is a sell-off situation. 2. The second marked candle of high volume pushes the price back up to/thru the upper half number, which is (very important) immediately followed by a pin bar that could represent the clearing out up there of the liquidity for shorting. As it stands, still the Dragon...
A very practical master lesson, a pleasure, thanks
Newbie trader
  • #64,849
  • Jan 30, 2014 4:13pm Jan 30, 2014 4:13pm
Quoting traderathome
EU Comment: Take Profit or Let It Run? I have been thinking if I should close this trade or let it run. I have been disgusted with the Market Makers constantly pumping the price back up. Now that I look at it some more, I think I will let it run for now. What I see is that the time between the grand pump and today's fall from grace is time during which the MMs supported the price on-high while spiking it up to exhaust shorting liquidity and spiking it down to exhaust shorting liquidity. In other words, once the MMs had the price sufficiently pumped...
I still see bulls at background as I have stated in previous posts.
All recent ultrahigh volumes have been at lowest prices and I'm still thinking this move as a "fake" or first move, that will clear longer term bulls off and after that they would swing price back up causing all bears bail out +bulls hop right on again. That would create liquiditity to blast through weekly upper trendline. Maby go all the way to even 1.45... But right now there's 1.38.. On my mind...

Last two week candles together form bullish pinbar. This weeks candle will be interesting... Will it close below or in last weeks candle. Until then, I'm still bull here.

Also I see this dragon that wants to fly higher
can't deny the dragon...
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I know the secret...
  • #64,850
  • Jan 30, 2014 4:25pm Jan 30, 2014 4:25pm
Entered short 2 scouts on NU:
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To me the action on M1 tells me that the MM's are bears as they spiked the price up with a lot of volume above the 1/2 number on bad data that came out from the NZ trade balance..
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Although I could be wrong as the MM's are totally unpredictable. Anyway tight SL in place and not worried about the outcome either way, happy to wait it out and see what happens
  • #64,851
  • Jan 30, 2014 4:39pm Jan 30, 2014 4:39pm
Quoting SaiLyfee
Entered short 2 scouts on NU: {image} To me the action on M1 tells me that the MM's are bears as they spiked the price up with a lot of volume above the 1/2 number on bad data that came out from the NZ trade balance.. {image} Although I could be wrong as the MM's are totally unpredictable. Anyway tight SL in place and not worried about the outcome either way, happy to wait it out and see what happens
NU - to me it seems more bullish than bearish. And as you see on H4 chart, price sitting nicely in support area, which is a strong support btw. And if we take into consideration what we see on H1 and M15 chart, then I would say MMs building longs.
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Whatever is obvious is obviously wrong!"
  • #64,852
  • Jan 30, 2014 4:41pm Jan 30, 2014 4:41pm
Quoting JRissa
{quote} I still see bulls at background as I have stated in previous posts. All recent ultrahigh volumes have been at lowest prices and I'm still thinking this move as a "fake" or first move, that will clear longer term bulls off and after that they would swing price back up causing all bears bail out +bulls hop right on again. That would create liquiditity to blast through weekly upper trendline. Maby go all the way to even 1.45... But right now there's 1.38.. On my mind... Last two week candles together form bullish pinbar. This weeks candle will...
"...Also I see this dragon that wants to fly higher
can't deny the dragon..." - JRissa

Really man, you've just got to get away from those smaller TFs!
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  • #64,853
  • Jan 30, 2014 5:06pm Jan 30, 2014 5:06pm
Quoting loeil
{quote} NU - to me it seems more bullish than bearish. And as you see on H4 chart, price sitting nicely in support area, which is a strong support btw. And if we take into consideration what we see on H1 and M15 chart, then I would say MMs building longs. {image} {image} {image}
I would have to agree with you there actually, those are surely strong areas of support price has found itself at, however for me at least, until there there is a classic long on the M15 I'm remaining bearish. The more I think about it, I might be at a late to short, early to long situation here, although theres no way we can know for sure. RBNZ Governer is due to be speaking now, awaiting to see what will happen next
  • #64,854
  • Edited 5:33pm Jan 30, 2014 5:13pm | Edited 5:33pm
Quoting SaiLyfee
{quote} I would have to agree with you there actually, those are surely strong areas of support price has found itself at, however for me at least, until there there is a classic long on the M15 I'm remaining bearish. The more I think about it, I might be at a late to short, early to long situation here, although theres no way we can know for sure. RBNZ Governer is due to be speaking now, awaiting to see what will happen next
NU:

On M15, I see the drive up as the MMs hiking the price to higher shorting ground. Along this line of thinking, it would be likely the MMs have not finished moving the price up. If they do so in a way that encourages longs, gets them to thinking the market must be bullish now, then they might trap more longs, get more shorting liquidity, and later when the MMs whack the price all those longs that start to capitulate will add selling momentum to build profits for the bear MMs.

Just how I see it currently. I am waiting to short this at a higher price, maybe closer to the upper whole number, or at least above the 3/4SR.

On the other side, if the MMs have converted to bulls now, then I'd expect they will still attempt to suck in longs, lead them to the slaughter house, and later the MMs will whack the price to decapitate them for liquidity for their own longs at lower prices again.

Either way, I will wait to see more.

-tah
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  • #64,855
  • Jan 30, 2014 5:24pm Jan 30, 2014 5:24pm
Quoting traderathome
{quote} NU: On M15, I see the drive up as the MMs hiking the price to higher shorting ground. Along this line of thinking, it would be likely the MMs have not finished moving the price up. If they do so in a way that encourages longs, gets them to thinking the market must be bullish now, then they might trap more longs, get more shorting liquidity, and later when the MMs whack the price all those longs that start to capitulate will add selling momentum to build profits for the bear MMs. Just how I see it currently. I am waiting to short this at...
Thanks for the lesson there, I agree that the likelihood for more of a push up is there before a possible run down so the MM's have the liquidity to do so.
Will just have to wait and see what happens..
  • #64,856
  • Jan 30, 2014 5:55pm Jan 30, 2014 5:55pm
Quoting traderathome
{quote} EURNZD Short Trade Update: Added shorts #5-6, Scouts, as the MMs pushed price back up to/ thru the whole number, presumably another liquidity creation move to suck in longs and to take the short side of pending long orders around and above the whole number. Adjusted TP and mental SL. {image}
EURNZD Short Trade Closed:

Adjusted TP. TP reached and trade closed for 699.8 pips gain.
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  • #64,857
  • Jan 30, 2014 5:57pm Jan 30, 2014 5:57pm
Quoting loeil
{quote} NU - to me it seems more bullish than bearish. And as you see on H4 chart, price sitting nicely in support area, which is a strong support btw. And if we take into consideration what we see on H1 and M15 chart, then I would say MMs building longs. {image} {image} {image}
NU - another view why I think it's bullish.

First marked candle is a big candle, bigger than previous candles, but look at the volume, volume is lower than previous bars. It is showing no professional selling interest.

Second marked candle closes below than the big candle on the left side, but look at the volume again. Volume is again lower than previous two, no professional selling interest there.

It is just what I see.
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Whatever is obvious is obviously wrong!"
  • #64,858
  • Jan 30, 2014 5:57pm Jan 30, 2014 5:57pm
Gong Xi Fat Cai !!!
I wish this year is a prosperous year. I hope this year is a great health and happiness for you and family.

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  • #64,859
  • Jan 30, 2014 6:10pm Jan 30, 2014 6:10pm
Hy,
just passing by... so i'm posting a chart on GU.
i know i'm not up.dated and not good time to trade classic sonics set-ups, dragon still up...
but anyone agree on this short?

any comments hould be apreciated.

Best regards to all...
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If you don't know how to earn money, don't loose it.
  • #64,860
  • Jan 30, 2014 6:14pm Jan 30, 2014 6:14pm
Trade closed for a small gain, I do agree that it is too early to tell. I will wait for a classing long on the M15 and if one occurs I may take it then. Good day for everyone and I might be back during what the LS has to bring. Peace!
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