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Sonic R. System

  • #65,721
  • Feb 14, 2014 3:04pm Feb 14, 2014 3:04pm
Quoting 5abi
USDJPY Bearish- I am sorry before hand i do not have access to trading termini so can't post charts. But this is based on a fundamental view... SP500 is almost back up from where it dropped a few weeks ago. But USDJPY has not budged. and it remains sub 102. SP500 on its way up has least amount of volume. This volume is way less than what came up on way down meaning the bull is running out of steam. USDJPY has been directly correlated to SP500 of late... I think if SP500 starts dropping early next week, USD JPY has a dickens to pay. I am short USDJPY...
Here is crude techical view supporting longer term bear/retrace
Attached Image
I know the secret...
  • #65,722
  • Feb 14, 2014 4:24pm Feb 14, 2014 4:24pm
Quoting JRissa
Okay! I got to my Macbookpro, so I'll take some time to explain the best I can in nutshell what I'm expecting on EU right now. Same goes to UJ and USDCHF. First I must apologize that this will be only first scratch to this subject, but I have not much time now to write in more deep 3d view. First, here's chart and markings what I'm expecting market having orders in right now. {image} Now we get to basics: -Making BUY order = euro has more interest -> EURO goes up against DOLLAR -STOPLOSS = level where your order is liquified -> your positions given...
Thanks for explaining!
  • #65,723
  • Feb 14, 2014 4:54pm Feb 14, 2014 4:54pm
atstrader I having problem with indis that you change, can t compile it I getting 2 message, but only when I put it in mql4/inicators, when I compile it on another disk where I download it it is without any massage, can you please explaine me what to do, to work tnx.
  • #65,724
  • Feb 14, 2014 5:12pm Feb 14, 2014 5:12pm
Quoting shellsnail
Guys, crazy Friday ahead looking at first hour of London. Really wouldn't short AUD or GBP. Will post weekend analysis after market closes... Trade safe. {image}
Hmm.. This week's market preview is gonna be short.

As of market close, there are no apparent opportunities next week to catch the daily trends (at least none appeal to me). A lot of the AUD and some of the CAD pairs are setting up for shorts, but AUD/USD volume and behaviour as well as USD/CAD chart tell me that the up-move and down-move may not be done yet (probability wise, it seems too much of a 50-50 for me to want to trade the downtrend on those pairs), so I am staying away until a clearer situation sets up (when the odds tilt to one side clearly).

The other pairs are either in the midst of a counter-trend move (so it seems) on the daily chart or they have broken out this week already and have yet to retrace or are just ranging.

Probably will have another look at it Tuesday/Wednesday to see if anything sets up, but forcing a trade when none is present is the last thing I want to do.

Trade Rest well.
Build good relationships with others.
  • #65,725
  • Feb 14, 2014 7:10pm Feb 14, 2014 7:10pm
Quoting JRissa
Okay! I got to my Macbookpro, so I'll take some time to explain the best I can in nutshell what I'm expecting on EU right now. Same goes to UJ and USDCHF. First I must apologize that this will be only first scratch to this subject, but I have not much time now to write in more deep 3d view. First, here's chart and markings what I'm expecting market having orders in right now. {image} Now we get to basics: -Making BUY order = euro has more interest -> EURO goes up against DOLLAR -STOPLOSS = level where your order is liquified -> your positions given...
Good job JRissa . Thanks you
Newbie trader
  • #65,726
  • Edited 12:47am Feb 15, 2014 12:30am | Edited 12:47am
Quoting JRissa
Okay! I got to my Macbookpro, so I'll take some time to explain the best I can in nutshell what I'm expecting on EU right now. Same goes to UJ and USDCHF. First I must apologize that this will be only first scratch to this subject, but I have not much time now to write in more deep 3d view. First, here's chart and markings what I'm expecting market having orders in right now. {image} Now we get to basics: -Making BUY order = euro has more interest -> EURO goes up against DOLLAR -STOPLOSS = level where your order is liquified -> your positions given...
Quick follow up on EU

I see on this chart:
1. Clearing Pending sell limits -> Used for long building
-Sell limits doesn't cause ultrahigh volume spikes cause most people are short already
2. Clearing Stop losses -> Used for long building
-On daily/weekly chart we have valid bull flag so predators are starting to get more upside pressure from other traders too.

If number 3. Comes next, we will have fast price movement up -> Triggering Pending Buy stops +short losers hop on long side, cause short apparently was wrong Guess who use this upwards pressure to get profits away from earlier opened longs?
Attached Image
I know the secret...
  • #65,727
  • Feb 15, 2014 2:37pm Feb 15, 2014 2:37pm
Quoting JRissa
{quote} Here is crude techical view supporting longer term bear/retrace {image}
UJ, Signs of the Bull

JRissa,

Well, you used the MONTH chart, but did a sloppy job of TL drawing. So, here is a more meticulously drawn TL (really, JRissa, try drawing without those high heels on!).

As you can see, actually more upside could come. Yes, last month was engulfing bear, but so far this month, it is a hammer which portends upside to come. Of course, that does require confirmation with more PA to come.
Attached Image (click to enlarge)
Click to Enlarge Name: feb 2014 - 086.png Size: 50 KB


Now, moving down to the WEEK chart, we can better see the guts of that hammer down candle. It was two weeks ago. And last week was bearish, but you and I both know when the MMs smell a bull run coming, they are going ground hogging for longs!
Attached Image (click to enlarge)
Click to Enlarge Name: feb 2014 - 087.png Size: 47 KB


Finally, lets look at the DAY chart. What stands out here is that for the last two weeks, there has been substantial sudden ground hogging, as the MMs continually recalled the lows to accumulate more longs, as is evidenced by all those lower wicks.
Attached Image (click to enlarge)
Click to Enlarge Name: feb 2014 - 088.png Size: 48 KB


We cannot know how price will move next, nor when trends will reverse, so more time is needed to tell. However, these are decent signs of the bull imho.

-tah
  • #65,728
  • Feb 16, 2014 2:08am Feb 16, 2014 2:08am
Quoting sonicdeejay
Silver @ Important Level.Need a rocket boaster to break up. Careful with adding new long... Not a short call either.. I am bullish on metals.. Sonic

Attached Image


SIlver (Wk8, 2014)

Bias: Bullish...

This Breakout is few weeks in a making.. gonna be long lived.. better long than short..

Inserted Video


Attached Image (click to enlarge)
Click to Enlarge Name: xagusdweekly.png Size: 32 KB


Sonic
  • #65,729
  • Feb 16, 2014 3:53am Feb 16, 2014 3:53am
Quoting sonicdeejay
{quote} SIlver (Wk8, 2014) Bias: Bullish... This Breakout is few weeks in a making.. gonna be long lived.. better long than short.. http://www.youtube.com/watch?v=y8AWFf7EAc4 {image} Sonic {image}
Do you see we have reached the bottom ?
  • #65,730
  • Edited 6:11am Feb 16, 2014 5:30am | Edited 6:11am
Quoting MrAmazing
Damn, I almost blow my account. My fault to try multiple strategy with 1 single account, and it ends bad. Lucky I already withdrawn all my 100% profit. Next week, I will open 3 separate account with each strategy I've learned. one of them is micro account $500 with multiple scout trade like Tah and loeil did. {image}
With all my respect for you, you almost blow your account because you hyper-martingaled your shorts. Rather than taking a loss, you were shorting 5 lots (if I don't remember badly), and when it went against you, you shorted 10 lots for a 7k account! You were shorting a total of 15 lots, which is unbelievably too much for such an account. I know that because I was studying your entries and exits, because I was amazed about your accurate entries and exits. Anyway, I am not trying to disrespect you, I indeed wish you recover soon, and you are highly profitable again.
  • #65,731
  • Feb 16, 2014 6:45am Feb 16, 2014 6:45am
Hi guys, I'm new to FX trading and wish to learn more about the Sonic R system. Having finished reading Alexander Elder's book, he recommends beginners like me to do our own manual system testing. The thing is MT4 seems to give me only 4.1K number of bars for (M15 charts), with the period starting in mid Dec and ending as at today.

Will anyone be kind enough to share resources with me? Sources of reliable and affordable (preferably free currencies past data will be great

I will like to have some currency data that extends beyond mid Dec '13. It sounds ambitious I know, but a little practice will not harm anyone

Cheers guys
  • #65,732
  • Feb 16, 2014 7:06am Feb 16, 2014 7:06am
Quoting trexy123
{quote} Do you see we have reached the bottom ?

yes.. as long as see the hig vol level holds.


Sonic
  • #65,733
  • Feb 16, 2014 7:29am Feb 16, 2014 7:29am
Quoting sonicdeejay
{quote} SIlver (Wk8, 2014) Bias: Bullish... This Breakout is few weeks in a making.. gonna be long lived.. better long than short.. http://www.youtube.com/watch?v=y8AWFf7EAc4 {image} Sonic {image}
I don't show anywhere near such large volume, not on either the DAY or the WEEK chart, as you do.
Attached Image (click to enlarge)
Click to Enlarge Name: feb 2014 - 089.png Size: 66 KB
  • #65,734
  • Feb 16, 2014 10:05am Feb 16, 2014 10:05am
Interesting that BOE Governor speaking on a Sunday morning.. Apparently he had good things to say about UK economy.expecting a gap up in GBPUSD and GBPAUD... will the gap fill? Might be a quick short scalp if GU opens, lets say at 1.68?
Its all in the mind.
  • #65,735
  • Feb 16, 2014 10:19am Feb 16, 2014 10:19am
FF Trade Explorer as a contrarian indicator?

This is interesting.. in the attached image, notice the average duration of losing trades versus winning trades... then notice the winning trades versus losing trades... this is such a valuable indicator --- Assuming most people are wrong about the market direction most of the time, could it be the wise thing to do to bet against the majority? Majority has been so wrong for so long that the market is likely to continue against them until they give up and reverse their positions? At such a point the market will also reverse?
Attached Image
Its all in the mind.
  • #65,736
  • Feb 16, 2014 11:10am Feb 16, 2014 11:10am
Quoting JRissa
{quote} EU Trade closed with 80.8pips profit {image}
hey JRissa, i really appreciate ur analysis.
I just wonder where can i download the indicator that show on ur chart, which can show candles of other timeframes.
im sorry that my English is very poor.

for3lun.
  • #65,737
  • Feb 16, 2014 2:22pm Feb 16, 2014 2:22pm
Quoting for3lun
{quote} hey JRissa, i really appreciate ur analysis. I just wonder where can i download the indicator that show on ur chart, which can show candles of other timeframes. im sorry that my English is very poor. for3lun.
Im not JRissa, but if this is what your talking about go to pipeware.com and follow the download instructionsl

Hope this helps. (ignore the cursor on the chart by mistake)
Attached Image (click to enlarge)
Click to Enlarge Name: ScreenHunter_48 Feb. 16 13.19.jpg Size: 230 KB
Keep It Simple
  • #65,738
  • Feb 16, 2014 2:23pm Feb 16, 2014 2:23pm
Quoting for3lun
{quote} hey JRissa, i really appreciate ur analysis. I just wonder where can i download the indicator that show on ur chart, which can show candles of other timeframes. im sorry that my English is very poor. for3lun.
I think its pipware minichart
  • #65,739
  • Feb 16, 2014 3:02pm Feb 16, 2014 3:02pm
Download mt 5 and export 1 min csv data,and import to mt4 and then use auto period converter script.


Quoting mwql23
Hi guys, I'm new to FX trading and wish to learn more about the Sonic R system. Having finished reading Alexander Elder's book, he recommends beginners like me to do our own manual system testing. The thing is MT4 seems to give me only 4.1K number of bars for (M15 charts), with the period starting in mid Dec and ending as at today. Will anyone be kind enough to share resources with me? Sources of reliable and affordable (preferably free currencies past data will be great I will like to have some currency data that extends beyond mid Dec '13....
  • #65,740
  • Feb 16, 2014 5:09pm Feb 16, 2014 5:09pm
I cant make indis to work on my computer I think that I am stupid
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