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Sonic R. System

  • #17,081
  • Jan 26, 2011 7:47am Jan 26, 2011 7:47am
This is one ugly market. So much for good news from the US; USD loses across the board while EUR gains.
  • #17,082
  • Edited 8:14am Jan 26, 2011 7:57am | Edited 8:14am
Quoting mags01
This is one ugly market. So much for good news from the US; USD loses across the board while EUR gains.
Nothing is yet decided. Across the board PA is making WAVEs, but going nowhere. Highs might be tested. Lows might be tested. And, we might even see whipsawing if the PPMs decide to make their move, first starting with a SL hunt in the opposite direction! We are still more than three hours from another USD High Impact release. So planned moves might not be started until later.

Yes, it is a wierd time for the market.....a time for patience and caution.
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  • #17,083
  • Jan 26, 2011 8:23am Jan 26, 2011 8:23am
AU:

Maybe the 1st to break loose from the pack? Or just testing a low?
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  • #17,084
  • Jan 26, 2011 12:02pm Jan 26, 2011 12:02pm
Quoting Ninja96
Heres a look at my entry TF chart and how it related to the anticipatory short entry I was looking for. The larger goal was simply to enter early aniticipating the High TF potential Sonic short setup. I prefer to sell at resistance (buy at support) rather than a breakout type entry where we are selling at/near support in the case of a short. If this early short fails, then we've ventured little/nothing.
Hi Ninja,
I hear the logic. My question is how many divergencies do you wait for before entering. On the chart you posted, you marked the third one. However, if could have turned on the second or even the 4th or 5th. How does one know what divergence to take please ?
Many thanks
Sky
  • #17,085
  • Jan 26, 2011 2:34pm Jan 26, 2011 2:34pm
FOR ALL MASTER !!
Basber:....Because we are trading through out our computers, there is a real disconnect between what's causing the moves and what we see. Try to understand (deeply) what is this market build on. How does it work. why does it work. ....
Me : What is that ??

Just searching about price action and what i found in wikipedia, it sound familiar

Price action

Keeping things simple can also be an effective methodology when it comes to trading. There are groups of traders known as "Price Action Traders" who are a form of technical traders that rely on technical analysis but do not rely on conventional indicators to point them in the direction of a trade or not. These traders rely on a combination of price movement, chart patterns, volume, and other raw market data to gauge whether or not they should take a trade. This is seen as a "simplistic" and "minimalist" approach to trading but is not by any means easier than any other trading methodology. It requires a sound background in understanding how markets work and the core principles within a market, but the good thing about this type of methodology is it will work in virtually any market that exists (stocks, foreign exchange, futures, gold, oil, etc.).
SonY, Gold Is Every Where Gold, but Human Not Gold..
  • #17,086
  • Jan 26, 2011 5:54pm Jan 26, 2011 5:54pm
looks like EU and GU Making Sonic Setup..
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SonY, Gold Is Every Where Gold, but Human Not Gold..
  • #17,087
  • Jan 26, 2011 7:14pm Jan 26, 2011 7:14pm
Quoting skyline121
Hi Ninja,
I hear the logic. My question is how many divergencies do you wait for before entering. On the chart you posted, you marked the third one. However, if could have turned on the second or even the 4th or 5th. How does one know what divergence to take please ?
Many thanks
Sky
skyline121, Ninja96 is not a member of this thread. If you click on the name at top of his post it will link to his information. It shows he has not posted anywhere on ForexFactory since March 2009....he might not even be in the forex market anymore. In his last post here he talked about his preference to buy at support and sell at resistance instead of the SonicR way of doing things. The only problem with that is, when PA reaches support and you buy, what happens when it suddenly drops to the next support? Same with selling at resistance. When you do, what happens when suddenly PA spikes up to the next resistance? If Ninja96 is no longer in the forex market, his preferred style of trading might be the reason why.

As for divergence, I love your question! Sonicdeejay will tell you divergence is NOT a part of the Sonic R System. And the question you are asking probably points to the main reason why.
  • #17,088
  • Jan 26, 2011 7:42pm Jan 26, 2011 7:42pm
Quoting noer1962
looks like EU and GU Making Sonic Setup..
Sonicdeejay recommends not trading the asian session. That is in his very early posts, so you should already be aware of this. But why?

If you continue to analyze charts in the asian session, you will at some time come to the same conclusion as did Sonicdeejay early on. Most of the time, by the time the London market has been open for an hour or so, things will be different! Not only does the asian market conventionally offer fewer pips on any setup, but the trading direction can be the reverse for the London session, where SonicR trading is best.

So, unless you are looking to trade the asian session, there is really no point in getting excited by whatever is on the charts at that time. If you ARE looking to trade the asian session, because runs tend to be very short, here are some suggestions:

1. Entry must be close to the Dragon because the run won't go far.
2. Therefore, the candle first exiting the Dragon must end close to the Dragon. Step away from any setup that does not comply.
3. TP should be only 20-35 pips beyond. PA could run further, but don't count on it.
  • #17,089
  • Jan 26, 2011 11:52pm Jan 26, 2011 11:52pm
My short EJ trade is running yet.

A new setup is happening again today.

We'll see.
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"Being picky only cost your time - not MONEY"...Hans
  • #17,090
  • Edited Jan 27, 2011 12:08am Jan 26, 2011 11:57pm | Edited Jan 27, 2011 12:08am
Quoting nando_rich
My short EJ trade is running yet.

A new setup is happening again today.

We'll see.
Stopped out.

I just have the EU shorts running now.

we'll see.

Edit: Here we see the importance of SL
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"Being picky only cost your time - not MONEY"...Hans
  • #17,091
  • Jan 27, 2011 2:27am Jan 27, 2011 2:27am
Quoting nando_rich

Edit: Here we see the importance of SL
Right.
But I think It's important to trade according to the main trend. You drew TL very well but you fight the trend.
  • #17,092
  • Jan 27, 2011 3:11am Jan 27, 2011 3:11am
Quoting Micheel
According to rules long, am I right TAH ?
Regards,

Attachment

Hi,
On the chart, you state "Look at the dragon angle.... "
Can you please clarify what that means please?
Many thanks
S
  • #17,093
  • Jan 27, 2011 3:27am Jan 27, 2011 3:27am
Quoting andrew1974
Right.
But I think It's important to trade according to the main trend. You drew TL very well but you fight the trend.

That depends. Sonic is trading in line with the trend somtimes. You also can trade against it, seeking to reverse trades.
"Being picky only cost your time - not MONEY"...Hans
  • #17,094
  • Edited 4:03am Jan 27, 2011 3:45am | Edited 4:03am
First the volume study gave us the warning. Then the wave/dragon gave us the OK. As we haven't S&R in our visual field to set TPs. I'm using the FE study. It was good for about 40 pips. Unfortunately I could not take because I'm trapped in my old short position.

BTW, I'm beginning to wonder if the hight TF analysis, we help with something or just confuse us to trade in the 15m charts. I think that only it is usefull to see strongs S & R zones.

Remember:

TRADING WHAT YOU SEE NOT WHAT YOU THINK
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"Being picky only cost your time - not MONEY"...Hans
  • #17,095
  • Jan 27, 2011 4:57am Jan 27, 2011 4:57am
Most of us are waiting for a huge short but it seems it's not coming anymore.

Yesterday we thought the news will pump it down. Didn't happen. Today we are expecting the same.

Manipulators know this. Why would they let it go when we all expect this ?

Maybe I'm not a good or experienced trader but my feeling is that we won't see that fall anytime time soon. Maybe some fall , but in no way , what we are hoping for.

My thoughts...
  • #17,096
  • Jan 27, 2011 5:28am Jan 27, 2011 5:28am
Quoting skyline121
Hi,
On the chart, you state "Look at the dragon angle.... "
Can you please clarify what that means please?
Many thanks
S
Dragon Tunnel (blue - red - blue lines) pointing up for long

Regards,
  • #17,097
  • Jan 27, 2011 5:42am Jan 27, 2011 5:42am
Quoting Doncex
Here is my opinion about eurusd long trade,not short trade.

looks like good wave up is on eurusd
That's what I wanted to say

big wave LONG+trend up never lie=66pips

Better to follow the trend

Trend and waves is the best sonic R friends

trade only eurusd and gbpusd. I like it a lot of
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  • #17,098
  • Jan 27, 2011 7:56am Jan 27, 2011 7:56am
EU:

Recent PA changes nothing. The incline is weakening. PA remains in the critical zone.....now in the area it got gapped up to before. We have not yet gotten to the last chapter of the story.
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  • #17,099
  • Jan 27, 2011 8:54am Jan 27, 2011 8:54am
Quoting traderathome
UChf:

This did not break up today. But each leg down showed clear signs of sandbagging for the eventual run up. Even this puny PPM effort late in the day clearly shows this intent.....price manipulation down simply to add to a long position. All this sandbagging effort speaks of a good upside move coming, imho, so I still contend this is a good one for your watchlist.

I am now in this long. I removed the SL when I saw what was transpiring, and I have not reset it yet. I should not have pre-set my entry. The Dragon is still angled down and PA...
UChf:

PA back in action now.....my way! The previous EP remained ok, too.

You can see how the early London session PPMs spiked the price below the whole number.....running stops, increasing liquidity for their long orders. Later, the US PPMs spiked the price back down for the same reason.

And now the WAVE is nicely formed. The Dragon is angled up. PA is above the Trend. And EP is still within the best hours.
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  • #17,100
  • Jan 27, 2011 9:01am Jan 27, 2011 9:01am
EJ And EU:

Talking heads for the PPMs are out in force.....

"The European Union is at risk of disintegration unless Ireland is allowed to restructure its bank debts, and Greece is allowed to restructure its government debts. That’s the moderately apocalyptic message George Soros has chosen to bring to this year’s Davos boondoggle. It’s not the first time Soros has delivered this warning, but it comes at a time when euro-zone policy makers appear to have had some success in convincing nervous investors that the currency area can deal with its debt problems."

Now, this comes when PA has been pumped to highs. Sounds reasonably strategic.
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