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Sonic R. System

  • #65,401
  • Feb 10, 2014 7:35am Feb 10, 2014 7:35am
Quoting mg_vinodkuma
EU still not ready for short..I will short only after 1.36106
Agreed. If you must trade, GU seems to be giving much easier signals at the moment.
I'm a dog chasing cars.
  • #65,402
  • Feb 10, 2014 7:43am Feb 10, 2014 7:43am
To bail or not to bail...can't decide..this is a tough one for me.EU
I want more brain power!
  • #65,403
  • Feb 10, 2014 7:50am Feb 10, 2014 7:50am
Quoting cfdtaleong
To bail or not to bail...can't decide..this is a tough one for me.EU
downtrend line daily.
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  • #65,404
  • Feb 10, 2014 8:00am Feb 10, 2014 8:00am
EU: still in Longed, price not moved too far from this morning

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  • #65,405
  • Feb 10, 2014 8:09am Feb 10, 2014 8:09am
Catch of the day...

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I expect tomorrow Asian gonna be super dull day..


Sonic
  • #65,406
  • Feb 10, 2014 8:14am Feb 10, 2014 8:14am
I saw an AD in facebook..




Sonic
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  • #65,407
  • Feb 10, 2014 8:19am Feb 10, 2014 8:19am
Quoting enigma4x
an lesson for al newbies here ... and i know from what im talking... real traders do not count in pips ... the proffessor is using micro lots ... so that means 900 pips a week is maximum 90 usd or so ... real traders count in percentage ... so my advise to all ... life is to short ... do not waste ya time ... the prffessor can not live from his gains trust me... his drawdownwould kill every account .. with full standard lots or can u live from 340 bugs .. he is watching the hits in of this thread ... the reasonwhy im not share anymore here is ......

Bye Bye My friend..

Trust need to be earned..
Need attention and trust?? earn it..

Sonic
  • #65,408
  • Feb 10, 2014 8:25am Feb 10, 2014 8:25am
Sonic,

May I know where to download SonicR PVA?

Thank You so much!!!
My Trading Course" http://www.kaishengchew.com
  • #65,409
  • Feb 10, 2014 8:31am Feb 10, 2014 8:31am
Quoting cfdtaleong
To bail or not to bail...can't decide..this is a tough one for me.EU
If you have to ask yourself this question, you may want to bail. Maybe determine a confirmation signal that will kill your account (like a break off a major trend or S/R). Once it's confirmed, bail without question or fail. IMHO.

-qFish
insanity: Doing the same thing over... and expecting different results -AE
  • #65,410
  • Feb 10, 2014 8:50am Feb 10, 2014 8:50am
It is a great thread
Thank you all
  • #65,411
  • Feb 10, 2014 8:55am Feb 10, 2014 8:55am
Quoting shellsnail
GJ setting up for potential down move.
5 more minutes to volatility and we shall see...
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  • #65,412
  • Feb 10, 2014 8:57am Feb 10, 2014 8:57am
Quoting qFish
{quote} If you have to ask yourself this question, you may want to bail. Maybe determine a confirmation signal that will kill your account (like a break off a major trend or S/R). Once it's confirmed, bail without question or fail. IMHO. -qFish
Sound advice...though I'm not able to spot anything as yet to decide what to do. Maybe I'm tired today after work. SL has been modified so that if hit account can still function, think i can afford to wait and see for a bit more.
I want more brain power!
  • #65,413
  • Edited 10:45am Feb 10, 2014 9:04am | Edited 10:45am
Quoting shellsnail
{quote} 5 more minutes to volatility and we shall see...
1 min chart. TDI into < 20 region --> high potential for huge run of min. 50 pips. (fyi the tdi on the 1 min chart very rarely gets to the above 80 or below 20 zone...)
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I would NEVER do any buy trades without seeing divergence + volume + s/r area given such high momentum conditions; stay on the sell side for as long as possible.

edit; currently waiting for daily pivot to break or a lower high to form to pull SL to break-even.

edit: Scaled in, protected first part profits, added trailing stop to 2nd part.
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edit: trail stop activated, all positions safe, profit guaranteed... no need to watch anymore.
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comment: in strong moves like this, trailing stop around 15 pip for GJ is optimal based on my observations... 2cents. How I know this is because I trade counter trend and it is tough as hell to grab 10 pips profit from these strong moves...

edit: Importance of protecting profits because market can reverse anytime!

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  • #65,414
  • Edited 9:28am Feb 10, 2014 9:06am | Edited 9:28am
Quoting JRissa
Volumescalper First live trade entered Short EU {image}
EU
TP set for half positions. When TP is reached, rest positions will be locked at BE and leaving trade to run.
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Edit:
Trade just closed at BE...
Choppy choppy...
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I know the secret...
  • #65,415
  • Feb 10, 2014 9:13am Feb 10, 2014 9:13am
Quoting loeil
{quote} I don't understand your scalping trades entry points. I use sometimes scalping too if I have a time and I always look for "no demand", "no supply" candles. This is what I do, when I scalp. And look how nicely dragon supports the price. So I don't see any reason for entering long in top. Just wait "no demand" or "no supply" candle, look at dragon angle and then enter. Price tells you everything what you need to know. Isn't that little bit dangerous taking long in top where could be old resistance? {image}
hi Loeil,

Your idea is so helpful, could you give an example about the "no demand" candle?!
Also, how you set the exit point / TP after the entry?!

THanks in advance
  • #65,416
  • Feb 10, 2014 10:46am Feb 10, 2014 10:46am
GCHF looking good.
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  • #65,417
  • Feb 10, 2014 11:16am Feb 10, 2014 11:16am
Quoting JRissa
{quote} EU TP set for half positions. When TP is reached, rest positions will be locked at BE and leaving trade to run. {image} Edit: Trade just closed at BE... Choppy choppy... {image}
Maybe the MMs are still not short ... I have been trying a Market Depth analyzer I have developed by myself, for testing orders imbalance, that's to say, when the MMs have much more Bids than Offers, or vice versa. Today I got these results, where RATIO is given by dividing the greater of BID or ASK by ASK or BID respectively. When there are more bids than asks, it is supposed to mean that the MMs have to buy a lot, and therefore the market will go in an uptrend. My broker is a true ecn broker, so I guess the bid and ask volumes are more reliable.

The columns are: SYMBOL BID_VOLUME ASK_VOLUME RATIO TIME (GMT + 1)
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  • #65,418
  • Feb 10, 2014 11:53am Feb 10, 2014 11:53am
Quoting Carlicus
{quote} Maybe the MMs are still not short ... I have been trying a Market Depth analyzer I have developed by myself, for testing orders imbalance, that's to say, when the MMs have much more Bids than Offers, or vice versa. Today I got these results, where RATIO is given by dividing the greater of BID or ASK by ASK or BID respectively. When there are more bids than asks, it is supposed to mean that the MMs have to buy a lot, and therefore the market will go in an uptrend. My broker is a true ecn broker, so I guess the bid and ask volumes are more...
Given these information, I would believe at the moment bulls are at an advantage... but i would not trade it because the daily downtrend line is in the way...

and enigmafx did mention something about correlation between gold and e/u at the moment. I did look at gold a while back, same kind of bullish pattern was present, although overall trend is still down.

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Typically after one of these curved thingies, if the bounce was from a significant area, it'll break out very very strongly.

My guess is markets are waiting for Yellen to give the green light to rally.
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  • #65,419
  • Feb 10, 2014 12:03pm Feb 10, 2014 12:03pm
Based on Wyckoff Law of Effort (volume) versus Result (price) in action I developed an indicator that measures Volume Vs Price movement Ratio.
What it does is it calculates the average of movement in pips (high-low), and average of volume per X number of bars.
Then it calculates the ratio = AvgMovement / AvgVolume
Lastly it calculates the deviation of each bar from the average ratio.

In theory it could help to find anomalies in pips movements proportionally to the volume in a given bar.

However Im not finding any interesting patterns.

Im attaching the indicator (source) and a screenshot.

Any advice would be greatly appreciated
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Attached File(s)
File Type: mq4 Cause Effect Ratio.mq4   4 KB | 441 downloads
  • #65,420
  • Feb 10, 2014 12:20pm Feb 10, 2014 12:20pm
Quoting Carlicus
{quote} Maybe the MMs are still not short ... I have been trying a Market Depth analyzer I have developed by myself, for testing orders imbalance, that's to say, when the MMs have much more Bids than Offers, or vice versa. Today I got these results, where RATIO is given by dividing the greater of BID or ASK by ASK or BID respectively. When there are more bids than asks, it is supposed to mean that the MMs have to buy a lot, and therefore the market will go in an uptrend. My broker is a true ecn broker, so I guess the bid and ask volumes are more...
Interesting Idea, do you have a line indicator? if not I can help you code it
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