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Sonic R. System

  • #80,061
  • Mar 23, 2015 12:56pm Mar 23, 2015 12:56pm
Quoting traderathome
USDCAD Signal: Trend angled down. Dragon angled down and below Trend. Possibly a decent entry if price continues to low 1.256x area. US Session could involve a retrace higher for filling of short orders. The lower half number is the true breakout area and key to a successful short trade. {image}
USDCAD Short Trade Open/Close:
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  • #80,062
  • Edited 1:29pm Mar 23, 2015 1:15pm | Edited 1:29pm
Market Comment: NZD

Sonikers,

This is not a trading signal, just a comment on NZD based on PA to date and with regard to coming releases.

Wednesday brings a NZD high impact release to start off the Asian Session. There are USD high impact releases tomorrow. Just a guess here, but I suspect the 400-450+ pips bull runs on NZDUSD and NZDJPY were intended to get the price up, take profit, and load up short for the coming NZD release. While thinking this way, and with the substantial bull runs already, I would be reluctant to favor Classic long setups now, regardless of what the MMs do with price when the USD releases hit tomorrow. It might be prudent to wait for the NZD release, to see what happens then.

You can check your own charts (look at H4) and you will see that today, as prices rose, so did volume. This looks like the MMs have been supporting the price higher and higher, and using incoming longs for liquidity to close their own! And now, with the prices up and the USD releases yet to come, they might be planning on supporting the price longer - maybe even creating more bullish PA - in order to build short positions ahead of the NZD release.

We cannot know how the MMs will manipulate price next, but this is my take on it at this time.

tah
  • #80,063
  • Mar 23, 2015 4:39pm Mar 23, 2015 4:39pm
Short USDCHF above 96 1/2 level. SL @ 99.000 / TP @ 90.000
Attached Image (click to enlarge)
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Lets see.
  • #80,064
  • Edited 5:49pm Mar 23, 2015 5:22pm | Edited 5:49pm
Quoting SaiLyfee
Short USDCHF above 96 1/2 level. SL @ 99.000 / TP @ 90.000 {image} Lets see.
SaiLyfee,

in your post immediately above.....
1. Why do you have the "SonicR" Logo removed from the template? Doesn't Tony over at Central Banks and Big Players allow you to display it?
2. You are just offering this up as a suggestion, right? This is not an actual trade of yours, right? Because I do not see the Trade Levels indicator, either.
3. And very importantly, what precisely is your reason for this post? Surely you aren't suggesting such a trade based on the PA wave you drew! You aren't, are you?

How about editing your post to give Sonikers something more credible.

tah
  • #80,065
  • Mar 23, 2015 6:58pm Mar 23, 2015 6:58pm
Quoting forexn00b
USDCHF bad trade. This is why you should ALWAYS obey ALL of the rules: Low-High pattern appearance, dragon angle, dragon below / above trend. I saw increasing selling volume in H1, then on the "bottom", volume started to increase with buying power. So I tought it would break out and go up MR1 / DR1. I tried to catch the breakout at RDH, obviously it didnt work. Keep green! FN {image}
Sorry forexn00b my opinion you did first mistake... opened a position close to the strong SR levels..Price usually tested these lines before to move any direction.
  • #80,066
  • Mar 24, 2015 1:24am Mar 24, 2015 1:24am
Quoting leentjai
{quote} Sorry forexn00b my opinion you did first mistake... opened a position close to the strong SR levels..Price usually tested these lines before to move any direction.
I know, I tried to catch breakout. Not worked. Thank you for your reply!

FN
Stay green! FN
  • #80,067
  • Mar 24, 2015 1:55am Mar 24, 2015 1:55am
Hi Sonikers please help
Managed to load white Chart on programme file. When tried to access on open file folder on MT4 chart no sign of file to load.
what to do next?
  • #80,068
  • Mar 24, 2015 2:20am Mar 24, 2015 2:20am
Quoting Lkc
Hi Sonikers please help Managed to load white Chart on programme file. When tried to access on open file folder on MT4 chart no sign of file to load. what to do next?
You probably opened the wrong directory. Go to MT4 File menu > Open data folder. You need to copy the indicators and template into those folders.

FN
Stay green! FN
  • #80,069
  • Mar 24, 2015 3:02am Mar 24, 2015 3:02am
Hi FN, thanks. managed to paste the white chart on mt4 menu. how do we get the folder on the charts. sorry to sound stupid, please help.
  • #80,070
  • Mar 24, 2015 3:25am Mar 24, 2015 3:25am
hi everyone, i got some question regarding the colour of the volume bar. i do know the colour code as follow based on the pdf file as stated below .

"Situation "Climax"
Bars with volume >= 200% of the average volume of the 10 most recent previous chart TFs, and bars where the product of candle spread x candle volume is >= the highest for the 10 most recent previous chart time TFs. Bull bars are green and bear bars are red.

Situation "Volume Rising Above Average"
Bars with volume >= 150% of the average volume of the 10 most recent previous chart TFs. Bull bars are blue and bear are blue-violet. "

Would like to know if it's a one minutes chart, how does the coding for the one minute chart. Could someone give me some advice. Thanks in advance.
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  • #80,071
  • Mar 24, 2015 3:28am Mar 24, 2015 3:28am
I spy an impulse wave on the aussie - placed a scout early with put classic entry if buying continues... comments anyone?
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  • #80,072
  • Edited 4:21am Mar 24, 2015 3:39am | Edited 4:21am
maybe someone knows how restart this ....
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A small profit is better than a big minus...
  • #80,073
  • Mar 24, 2015 5:27am Mar 24, 2015 5:27am
Quoting tulis
maybe someone knows how restart this ....
Check out post 79,163 for version 2. Follow thread from there if you are having problems I think there are a few fixes mentioned.

Regards,

Pent
  • #80,074
  • Mar 24, 2015 5:55am Mar 24, 2015 5:55am
GBPCHF short open / close

Dragon angled down, below trend, previous support level broken, high selling volume. Surfed the wave down to RDL.

Regards
FN

edit: 81 pips profit, forgot to zoom out chart, panel not visible

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Stay green! FN
  • #80,075
  • Mar 24, 2015 6:11am Mar 24, 2015 6:11am
Quoting forexn00b
GBPCHF short open / close Dragon angled down, below trend, previous support level broken, high selling volume. Surfed the wave down to RDL. Regards FN edit: 81 pips profit, forgot to zoom out chart, panel not visible {image}
Hello forexn00b, I can't see the classic entry here.
  • #80,076
  • Mar 24, 2015 6:23am Mar 24, 2015 6:23am
Quoting rPIP
{quote} Hello forexn00b, I can't see the classic entry here.
Its not a classic setup but everything was fine to enter short. I entered the trade based on price action.
Stay green! FN
  • #80,077
  • Mar 24, 2015 6:45am Mar 24, 2015 6:45am
Quoting forexn00b
{quote} Its not a classic setup but everything was fine to enter short. I entered the trade based on price action.
Do you mind me asking how you spend hours looking at charts? Specially waiting for trade opportunities to appear?
  • #80,078
  • Mar 24, 2015 6:49am Mar 24, 2015 6:49am
EURJPY: breakeven
USDCAD: + 86 pips
AUDUSD: + 222 pips
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Man lie, woman lie, numbers don't
  • #80,079
  • Edited 7:43am Mar 24, 2015 6:54am | Edited 7:43am
GBPUSD Signal:

Trend angled down. Dragon angled down and crossing down thru Trend. Previously, multiple times above half number (PVSRA). Possibly there will be some move back up in early US Session, before a bear run. A break down thru the whole number is the key to a successful short trade.

tah
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  • #80,080
  • Edited 7:11am Mar 24, 2015 6:58am | Edited 7:11am
GBPJPY short open / close

I entered this trade a bit late, but I wanted dragon to confirm trend down. I saw continuous High-Low-LowerHigh patterns so I decided to wait dragon to drop below trendline. The first entry was bad (exactly at whole number) but reentered when price came back to dragon. Then surfed the wave down to MS2 and took profit.

Not the best entries but overall is green.

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GBPCAD short open / close

I decided to wait for "dragon below /above trendline" confirmation in my trades. This gives me less profit but makes me more confident about my entries. I learnt from my previous mistakes and dont want to make them again.

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Regards
FN
Stay green! FN
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