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Sonic R. System

  • #81,541
  • May 21, 2015 12:19am May 21, 2015 12:19am
Quoting traderathome
{quote} GBPUSD With a GBP H. I. release soon coming, and later three USD H. I. releases too, maybe it is not a good time to go long. I agree with the bullish sentiment, However, for the sake of less risk of enduing a Stop Hunt after what might be a "too early" long entry, it might be prudent to wait things out. If this is going higher, there should be plenty enough pips there to profit from without taking the risk of entering before all these releases,......which BTW you are not showing on your chart. They do serve a purpose, you know. The move...
GBPUSD Long Trade Closed:
It is definitly too early and a lot of room for manipulation both ways. Better wait, no mather what would the outcome be. Closed around BE.
Jumping too fast and even before LO was wrong many times..
Attached Image (click to enlarge)
Click to Enlarge Name: GBPUSDM15.png Size: 75 KB


Thanks for making me use my brain, Tah, still early in the morning for me..
PVSRA
  • #81,542
  • May 21, 2015 12:37am May 21, 2015 12:37am
Quoting marijan993
As a further study I would recommend: Richard Wyckhoff- Method of tape reading Tom Williams- Master the markets Anna Coulling- A complete guide to volume price analysis ( I also recommend her website and youtube channel) All books are available for free download online.
Dear Marijan,
pls take a look at Anna Coulling "very bright" opinion. She is writing about something we all now for a while now..
Is our community here brighter than she is or what?!
http://www.investing.com/analysis/us...ks-weak-252457
PVSRA
  • #81,543
  • May 21, 2015 12:48am May 21, 2015 12:48am
Quoting diginime
I shorted heavily at whole number as well as previous resistance zone, it was classic formed previously Pre LS it might goes up further, but as always, time tells... Let's see. {image} {image}
Hi Guys! I finally closed 2 days ago but it was a bit too early. but anyway, i got a grab of 2000 pips. If close late a bit, should have 8k pips . power of PVSRA
Attached Image (click to enlarge)
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  • #81,544
  • May 21, 2015 1:11am May 21, 2015 1:11am
agreed Im not keen on pulling the trigger yet.... merely taking aim... as for the bareness of the chart ill put some extras in next time
  • #81,545
  • May 21, 2015 1:13am May 21, 2015 1:13am
Quoting diginime
{quote} Hi Guys! I finally closed 2 days ago but it was a bit too early. but anyway, i got a grab of 2000 pips. If close late a bit, should have 8k pips . power of PVSRA {image}
diginime,

Are you posting out of approbation lust, or to help others? If the latter, you need to identify the pair, use our template, and post a full chart. As your post stands, it is of no instruction or help to anyone that is here, reading this thread (and your post) seeking to learn. How about it. Are you on board?

And I urge you to read Post #1. It contains the etiquette for posting, which your referenced trade entry charts were not in compliance with!

-tah
  • #81,546
  • May 21, 2015 1:37am May 21, 2015 1:37am
GBP/JPY out look.. (sorry for late posting, need time for draw ss immage)
For me, its look bearish.

  1. There is a strong Resistance on the highs (very clearly on H4 TF)
  2. Based on M15 TF, we can see that the price UP above half number with some high activity- relatively, then falling to the lower level with more huge volume. there are some rejecting candle after they moved above the half number (poin 1, 2, 5 on my ss).
  3. On poin 1 (M15 ss), volume decrease while the price up and expand while the price falls to poin 2. then up again with a little bit volume activity to poin 3 then increased again while falls to poin 4. poin 5-6-7 have same scheme too.
  4. this scheme, for me it looks that on the highs (half number area 188.500) is an area for SM shorts order. thats why volume incresed while the price reach the upper of the level, then falls with more huge volume (realatively) to the lower level. MMs distibuted some of stocks before they sell on the highs level.
  5. Thats why im on the shorts side for this pair

Attached Image(s) (click to enlarge)
Click to Enlarge Name: GJ 20 mei 2015.png Size: 32 KB
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Click to Enlarge Name: GJ Update M15 21 Mei 2015.png Size: 48 KB
"Bulls make money, Bears make money, but hogs get slaughtered"
  • #81,547
  • May 21, 2015 1:46am May 21, 2015 1:46am
Considering a New Beginning (Continued)

Dear Gals and Guys,

I have opened a new thread. The first post is in-work and will be for some time. I just wanted to reserve the title name for now. And even though I have opened it, I suppose even the title can be changed if advised, or yet a new thread if it cannot. I am still seeking your thought and comments, so don't think just because I have secured the new building that you have no say in the matter. It is a new beginning, but not just for me. It is for all of you,....as it always has been for all of you. It is your thread. I shall there, as I have been here, just be the caretaker:

http://www.forexfactory.com/showthre...55#post8275555

-tah
  • #81,548
  • May 21, 2015 1:58am May 21, 2015 1:58am
Hi,

I'm an avid reader of this thread, I've posted a couple of charts in the past but my working commitments don't allow to participate in a more active way.

First of all congrats to Trader At Home and to all the recent valuable people that have joined this thread, I believe it's picking up again, lots of valuable data and analysis has been thrown in the few last days.

Any way my view of EURUSD, I must tell there's conflicting signals just to make it more fun.

I'm using the exploit the market technique by Gupito on reading volume divergence as well as PVSRA.

In the H4, the "monster" candle brought price below the whole number, the following candle continued the inertia bringing price further down below the half number, indications of bulls (1) but in (2) the consolidation has been happening above the next down whole number at 1.11, bears. The volume divergence indicates a bullish sentiment, so there's the conflict.

On the H1 I appreciate the same scenario, although number (2) in the H1 the consolidation seems to tend more to the lows, below whole number, than above the whole number, that's the conflict I always have faced, How strict the analysis needs to be regarding how the candles are placed in the chart?

I would also want to take the opportunity to share the problem I have placing the trend line in the volume candles, in this particular case I placed a dotted line at the highest point then located the highest bear volume candle, traced the trend line to the lowest bear candle making sure it doesn't cross any significant volume candle to then validate the divergence but I've seen people tracing trend lines down from a high bull candle to a lower bear one or even high bull to lower bull to validate a downtrend in volume, that's not what Gupito elaborated in his document.
Attached Image(s) (click to enlarge)
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  • #81,549
  • May 21, 2015 2:12am May 21, 2015 2:12am
Quoting traderathome
Considering a New Beginning (Continued) Dear Gals and Guys, I have opened a new thread. The first post is in-work and will be for some time. I just wanted to reserve the title name for now. And even though I have opened it, I suppose even the title can be changed if advised, or yet a new thread if it cannot. I am still seeking your thought and comments, so don't think just because I have secured the new building that you have no say in the matter. It is a new beginning, but not just for me. It is for all of you,....as it always has been for all...
WOW! Beyond any words..
PVSRA
  • #81,550
  • May 21, 2015 2:37am May 21, 2015 2:37am
Quoting bmun2348
Hi, I'm an avid reader of this thread, I've posted a couple of charts in the past but my working commitments don't allow to participate in a more active way. First of all congrats to Trader At Home and to all the recent valuable people that have joined this thread, I believe it's picking up again, lots of valuable data and analysis has been thrown in the few last days. Any way my view of EURUSD, I must tell there's conflicting signals just to make it more fun. I'm using the exploit the market technique by Gupito on reading volume divergence as well...
How the Market Works: EURUSD

As regards the PVSRA statement that the MMs prefer to build long below key SR and to build short above key SR, please consider the sometimes reality of this. SM might place long orders below a key SR. The MMs might then manipulate the price down there and start waffling the price down there so they can coax liquidity into the market to enable them to fill the SM long orders. But, guess what might then happen! Once the MMs are done filling SM long orders, do you think these greedy, price manipulating, market corrupting nice guys are going to stop there? Maybe not. Maybe they will push the price lower so they can stop out some of those orders they just filled for SM! They might push the price lower so they can get the best prices for longs themselves. And where that might be might end up being above a key SR! The MMs prefer to build long below key SR, but when it comes to stealing, these money whore mongers will steal whatever they can steal, wherever they can steal it.

-tah
  • #81,551
  • May 21, 2015 2:48am May 21, 2015 2:48am
missed the shot perhaps but the pin bar rejection through the dragon is convincing... breakout good, dragon angle not so good... id like to see where this goes
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  • #81,552
  • May 21, 2015 2:50am May 21, 2015 2:50am
Tah good on you for forging ahead on your path its great that your starting a new thread... your analysis has in some ways evolved away from sonic setups and on to a very indepth look in market structure
  • #81,553
  • May 21, 2015 2:59am May 21, 2015 2:59am
Quoting Mauro-J
{quote} EURO/USD update: Finally - couldnt resist the temptation to jump. EU short trades opened.... On this chart i keep to turned off the dragon (EMA) , just for research and learning purpose to read the market with PVSRA and try to get an alternative way to execute the trade without dragon. And the other one (my other acc), i short too with the usual template.. I dont know how it would end. Just have two option; blue or red... {image} {image} {image} {image}
EU short trade closed, SL Hit...
Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot1.png Size: 61 KB
"Bulls make money, Bears make money, but hogs get slaughtered"
  • #81,554
  • May 21, 2015 3:03am May 21, 2015 3:03am
Quoting Mauro-J
GBP/JPY out look.. (sorry for late posting, need time for draw ss immage) For me, its look bearish. There is a strong Resistance on the highs (very clearly on H4 TF) Based on M15 TF, we can see that the price UP above half number with some high activity- relatively, then falling to the lower level with more huge volume. there are some rejecting candle after they moved above the half number (poin 1, 2, 5 on my ss). On poin 1 (M15 ss), volume decrease while the price up and expand while the price falls to poin 2. then up again with a little bit volume...
GJ short trade closed
Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot1.png Size: 63 KB
"Bulls make money, Bears make money, but hogs get slaughtered"
  • #81,555
  • May 21, 2015 4:19am May 21, 2015 4:19am
Quoting traderathome
{quote} How the Market Works: EURUSD As regards the PVSRA statement that the MMs prefer to build long below key SR and to build short above key SR, please consider the sometimes reality of this. SM might place long orders below a key SR. The MMs might then manipulate the price down there and start waffling the price down there so they can coax liquidity into the market to enable them to fill the SM long orders. But, guess what might then happen! Once the MMs are done filling SM long orders, do you think these greedy, price manipulating, market corrupting...
TAH I agree with you. Some news: Five Banks To Plead Guilty To Global Currency Manipulation
http://www.nbcnews.com/business/mark...lation-n361921
  • #81,556
  • May 21, 2015 4:31am May 21, 2015 4:31am
EURO/USD long trade opened...
** that was my bad on the last trade (shorts), i didnt read properly while PVSRA told on the chart that the market ready to chages into other side by MMs scheme.
After closed my shorts, i swithced into long side. All my explanation are base on PVSRA reading (H1 TF), take a look my ss image below - i put some words there ..
-MJ
Attached Image(s) (click to enlarge)
Click to Enlarge Name: EU - MMs Story H1 TF - 21 Mei 2015.png Size: 73 KB
Click to Enlarge Name: Screenshot1.png Size: 60 KB
"Bulls make money, Bears make money, but hogs get slaughtered"
  • #81,557
  • May 21, 2015 4:36am May 21, 2015 4:36am
Quoting Mauro-J
EURO/USD long trade opened... ** that was my bad on the last trade (shorts), i didnt read properly while PVSRA told on the chart that the market ready to chages into other side by MMs scheme. After closed my shorts, i swithced into long side. All my explanation are base on PVSRA reading (H1 TF), take a look my ss image below - i put some words there .. -MJ {image} {image}
EURUSD Comment:
They are mixing, my friend,
can be that PVSRA reading will be different after the USD high impact news.. and ECB Meeting in 2 hrs .
There is a danger of SL hunt later, but this SL hunt can be important PVSRA reading.
Just be careful..
Attached Image (click to enlarge)
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PVSRA
  • #81,558
  • May 21, 2015 5:08am May 21, 2015 5:08am
Quoting traderathome
{quote} GBPJPY Long Trade Open: PVSRA based. MMs have taken price to previous highs above half number and have most recently been dropping price down thru it. And the area below the half number is a previous consolidation area. I presume the consolidation was MMs filling SM long orders. I presume the run down yesterday was the MMs stop hunting those longs. They manufactured a nice 100+ pips drop in order to stop out a good number of those SM long orders they filled earlier. With two GBP high impact releases followed by two JPY high impact releases...
GBPJPY Long Trade Closed:

Closed for gain of 140.1 pips average, 1,120.5 pips total gain. I killed the hard SL and reset it soft using our Trade Levels indicator. I did let price go below it without closing the trade due to the kind of day it is. I also added to the trade where I perceived the opportunity to be a good one. And the TP was adjusted slightly higher.
Attached Image (click to enlarge)
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  • #81,559
  • May 21, 2015 5:14am May 21, 2015 5:14am
Quoting traderathome
{quote} GBPJPY Long Trade Closed: Closed for gain of 140.1 pips average, 1,120.5 pips total gain. I killed the hard SL and reset it soft using our Trade Levels indicator. I did let price go below it without closing the trade due to the kind of day it is. I also added to the trade where I perceived the opportunity to be a good one. And the TP was adjusted slightly higher. {image}
GBPUSD Long Trade Open/Close: Cigarguy style, minimum danger.. 672 pips total gain.
Attached Image (click to enlarge)
Click to Enlarge Name: GBPUSDM5.png Size: 65 KB


Thanks for a tip, Tah.
PVSRA
  • #81,560
  • May 21, 2015 5:26am May 21, 2015 5:26am
Classic SonicR on M5
Attached Image (click to enlarge)
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