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Sonic R. System

  • #75,541
  • Edited 12:41pm Aug 28, 2014 12:29pm | Edited 12:41pm
Comment GBPJPY:

Here is what I see on M15.

The Asian session MMs took the price down and traded heavily. The London session MMs took the price much lower - well below the whole number - and traded very heavily. The US MMs also whacked the price below the whole number repeatedly, and now that they are without competition for liquidity for accumulating longs below the whole number, they are again whacking the price down there.

This looks bullish. The MMs might be planning on a bull move tomorrow. If so, then GBPUSD might move higher tomorrow also.
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  • #75,542
  • Edited 1:42pm Aug 28, 2014 1:31pm | Edited 1:42pm
Quoting loeil
{quote} USDCAD - closed for 4002 pips gain {image}
Hello loiel,
I join the applause of tah.

It is rewarding, refreshing and joyous occasion of your shows that this business can be profitable in order to silence the mouths of unbelievers.
I am subscribed to you, only to give me the pleasure of seeing your trading style, because I am unable to imitate, and I'm just making intraday short trades.

I have read your posts for quite some time, trying to find out what signs are that trigger your decisions, when open positions. And I've also noticed that each time you tune more, or so it seems (remember old drawdowns, now see less).

The conclusion I have drawn from my observations, is that you look much volume changes under certain conditions, which would lead you to think that the market is changing sides, until finally make a decision.
Surely, they will influence your decisions more things as I can not see, maybe intuition. All this is unattainable for me, I am unable to maintain an open position over a day. Still, I'm attracted to your style of trading.

With all this, I sometimes ask questions that have never been published, when I see your successes.
Why opened so soon? Why did not close here? What you've seen here, there, etc ...?

But if it is not too much to ask, today I'm going to ask only one question, that I'm sure more people interested, too. I have many questions, but I will not steal too long.

One question:
Why do not closed it the positions when saw a clear potential bullish? (See chart)

Thanks in advance.
And congratulations on your successes, what are the envy of others.
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Donde hay Patron no manda Marinero
  • #75,543
  • Aug 28, 2014 2:07pm Aug 28, 2014 2:07pm
AUDJPY H4 short

And I think there is bearish potential for correction in principle.
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Donde hay Patron no manda Marinero
  • #75,544
  • Aug 28, 2014 2:32pm Aug 28, 2014 2:32pm
EURNZD H4 Bullish potential.
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Donde hay Patron no manda Marinero
  • #75,545
  • Aug 28, 2014 4:08pm Aug 28, 2014 4:08pm
Quoting Patron
{quote} Hello loiel, I join the applause of tah. It is rewarding, refreshing and joyous occasion of your shows that this business can be profitable in order to silence the mouths of unbelievers. I am subscribed to you, only to give me the pleasure of seeing your trading style, because I am unable to imitate, and I'm just making intraday short trades. I have read your posts for quite some time, trying to find out what signs are that trigger your decisions, when open positions. And I've also noticed that each time you tune more, or so it...
Here is what I saw(thought to saw).

H4 - my selling interest came in when I saw that pin bar there. Volume on that pin bar is not excessive but still its higher than previous bars and reaction after that pin was totally bearish. Lot of bear action went on. So I decided to wait more because usually after first signs of weakness(selling) we see more some higher high.
After I saw that price went even higher but volume wasn't that high anymore as we saw on last green bars, alert went on and I decided to entry.
As you see on H4 there were more sign of weakness(selling) after my entry, all those signs brought more confidence that this is selling up there.
Attached Image (click to enlarge)
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Now back to your question. Why I didn't close meanwhile.

H1 - that high volume you marked there was caused by news, it was some mish-mash game there and because it happened during the news, we can't take it as 100% thing. And because on H4 background are multiple signs of weakness(selling), I decided to keep my shorts. Now after the news, price comes up again, but look at volume at tops, volume is gone, which means no buying interest. Gives more confident for keeping trades open.
Attached Image (click to enlarge)
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Today I decided to close shorts because 4000 pips is a nice profit for me, secondly I didn't have any free bullets on that account. My broker has a max opened trades limit(200 trades) and cause I have made a big mistake with EU and GU this time, all my bullets were used , thirdly M15 and H1 show that some sort of buying has entered into the market, so it seemed that after 3 weeks waiting its a good time to take profit out.
Whatever is obvious is obviously wrong!"
  • #75,546
  • Aug 28, 2014 4:57pm Aug 28, 2014 4:57pm
Quoting loeil
{quote} Here is what I saw(thought to saw). H4 - my selling interest came in when I saw that pin bar there. Volume on that pin bar is not excessive but still its higher than previous bars and reaction after that pin was totally bearish. Lot of bear action went on. So I decided to wait more because usually after first signs of weakness(selling) we see more some higher high. After I saw that price went even higher but volume wasn't that high anymore as we saw on last green bars, alert went on and I decided to entry. As you see on H4 there were more...
I thank you sincerely for taking the job of answering my question. You have made several gold nuggets, for those who want to take advantage. I think you just offer this thread a nice lesson about reading the market. I certainly will take note of your way to read the market.
In terms of capital management that you are doing, I hope these 4000 pips will serve you to wait the return the EURUSD and GBPUSD successfully.

I reiterate my sincere thanks for the beautiful lesson.
Donde hay Patron no manda Marinero
  • #75,547
  • Aug 28, 2014 9:29pm Aug 28, 2014 9:29pm
Help needed:

Hi guys, I'm currently using MT4 running on Windows 8.1 but the system seems to have some problem today.

There is no response from MT4 when I:
- Right click on the chart
- Click on the "File", "View", "Insert", menu for the drop down menu

Anyone have any idea how i can troubleshoot this? Thanks a million!!!
  • #75,548
  • Aug 28, 2014 9:39pm Aug 28, 2014 9:39pm
Quoting joinforsonic
Help needed: Hi guys, I'm currently using MT4 running on Windows 8.1 but the system seems to have some problem today. There is no response from MT4 when I: - Right click on the chart - Click on the "File", "View", "Insert", menu for the drop down menu Anyone have any idea how i can troubleshoot this? Thanks a million!!!
Ok guys, problem solved.

Windows update KB2993651 not compatible with MT4 FYI
  • #75,549
  • Aug 28, 2014 11:05pm Aug 28, 2014 11:05pm
Quoting joinforsonic
{quote} Ok guys, problem solved. Windows update KB2993651 not compatible with MT4 FYI
Problem solved, or only identified? If solved, what is the solution?
  • #75,550
  • Aug 28, 2014 11:14pm Aug 28, 2014 11:14pm
Quoting traderathome
{quote} Problem solved, or only identified? If solved, what is the solution?
Hi, problem solved. I have uninstalled the windows update KB2993651.

This is a latest patch released by Microsoft, but not compatible with MT4.
  • #75,551
  • Edited 11:43pm Aug 28, 2014 11:24pm | Edited 11:43pm
NZDJPY & NZDUSD:

Yep. PVSRA has another advantageous feature,...PVSRMLA! We owe feinan "Thanks!" for pointing out what she has named the "Magic Line".
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  • #75,552
  • Edited Aug 29, 2014 12:30am Aug 28, 2014 11:57pm | Edited Aug 29, 2014 12:30am
NZDUSD for me
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M5
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H4 when price up to resistance strong volume and push down. I becareful
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  • #75,553
  • Edited 12:37am Aug 29, 2014 12:20am | Edited 12:37am
Quoting Patron
AUDJPY H4 short And I think there is bearish potential for correction in principle. {image}
I agree with You.
My H4 is diffrent
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D1 start new area or falsebreak
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  • #75,554
  • Aug 29, 2014 1:48am Aug 29, 2014 1:48am
Quoting traderathome
NZDJPY & NZDUSD: Yep. PVSRA has another advantageous feature,...PVSRMLA! We owe feinan "Thanks!" for pointing out what she has named the "Magic Line". {image} {image}
Thanks tah for approving my Magic Line
by the way, i found out the Magic react better on major pairs, like AU, NU, GU, EU, UCad, UChf, UJ, and also gold, silver..

feinan
t.me/LWBRfx Discord.io/LWBR
  • #75,555
  • Aug 29, 2014 2:16am Aug 29, 2014 2:16am
EU, watching boxed area... im rather long than short today, but wait the dragon showing the way..
Attached Image (click to enlarge)
Click to Enlarge Name: EURUSD-M152.png Size: 78 KB
t.me/LWBRfx Discord.io/LWBR
  • #75,556
  • Aug 29, 2014 2:28am Aug 29, 2014 2:28am
Quoting feinan
EU, watching boxed area... im rather long than short today, but wait the dragon showing the way.. {image}
I agree today looking for long
  • #75,557
  • Aug 29, 2014 3:20am Aug 29, 2014 3:20am
Quoting feinan
{quote} Thanks tah for approving my Magic Line by the way, i found out the Magic react better on major pairs, like AU, NU, GU, EU, UCad, UChf, UJ, and also gold, silver.. feinan
Can I know how you draw this ML?
  • #75,558
  • Aug 29, 2014 3:22am Aug 29, 2014 3:22am
Quoting hycheah2000
{quote} Can I know how you draw this ML?
here buddy..
http://www.forexfactory.com/showthre...22#post7703022
t.me/LWBRfx Discord.io/LWBR
  • #75,559
  • Aug 29, 2014 3:25am Aug 29, 2014 3:25am
Quoting feinan
{quote} here buddy.. http://www.forexfactory.com/showthre...22#post7703022
Thanks!!
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  • #75,560
  • Aug 29, 2014 4:04am Aug 29, 2014 4:04am
Quoting feinan
EU, watching boxed area... im rather long than short today, but wait the dragon showing the way.. {image}
1 hour and 49 minutes later... told chaa.. my fishes become sharks now. closed at TP1.. let it swim and watch..

feinan
Attached Image (click to enlarge)
Click to Enlarge Name: EURUSD-M15.png Size: 74 KB
t.me/LWBRfx Discord.io/LWBR
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