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Sonic R. System

  • #6,861
  • Oct 21, 2009 8:18am Oct 21, 2009 8:18am
Quoting Rastaman
Ok, please feel free to ignore this, I am ranting to myself.

PS: Now I really feel like I am trying to reinvent the wheel.

Hmm, sonic feels a short coming on, perhaps that may yield some answers.
RM, Try To Analyze CandleSticks At Swing High And Low, Not All Of Them. It Makes You Confused And Will Waste Your Time. Try Too Catch PBs At Swing High And Lows, Not Everywhere. You Could See Them At PPZ And S&R And Trends.

Regards,
Basber
Trading methods are designed to put the odds in our favor, not predicting.
  • #6,862
  • Oct 21, 2009 8:19am Oct 21, 2009 8:19am
EU: Just made a quick move back up on light volume (compared to all the volume during the selldown). It very much looks like the big boys are re-setting PA to the topside in preparation for another unloading run down. Just speculation.

Technically, now the SonicR Ep is lowered.
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  • #6,863
  • Oct 21, 2009 8:32am Oct 21, 2009 8:32am
Quoting zz_zhang
E/U 1 HR, We got a Strong Support TL testing serveral time, is clsing in again, see how it react though.

Which TL gonna break? shall see

IMO

rgds

sry 4 the messy charts

Nice call ZZ...look like the trend line do have influence...
I have my SL in place..and that's about it

Sonic
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  • #6,864
  • Oct 21, 2009 8:38am Oct 21, 2009 8:38am
Thanks Basber, Sonic & TAH..

Yes, Basber, I think you have a good suggestion there and I must also remember I am working on the history not the mystery.

To Domas

If you are looking for an indicator that puts overlays any candle tf you like on any tf chart, here is one I just found.

This is H4 candles on M15 tf chart.

Hope this helps

PS. Not that I am using them, I don't have time.
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File Type: mq4 CustomCandle.mq4   8 KB | 418 downloads
Starting to see instead of just looking.
  • #6,865
  • Oct 21, 2009 8:49am Oct 21, 2009 8:49am
EU M15: Price was just run back to area of yesterday's highs. And the volume on the run-up candle is about the same as at yesterday's highs, just before the big drop.......

....so, it still looks like nothing more than a manipulated jack up in order to sell off! Just my opinion at this point. It could go higher, or at least stay up while they do their selling.

Rastaman, this is a perfect example of what I was talking about when I said the price can go in any direction at any time! ....and when I said the market is dominated by syndicates that are like greedy people with enough money to make any move they want, at any time, regardless of the technicals.
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  • #6,866
  • Oct 21, 2009 8:51am Oct 21, 2009 8:51am
SL hit for now...
I will be an audience till any nice set up...

Sonic
  • #6,867
  • Oct 21, 2009 9:03am Oct 21, 2009 9:03am
I hear ya T.


I suppose even this was a sonic wave as pa did not break the lower wave?
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Starting to see instead of just looking.
  • #6,868
  • Oct 21, 2009 9:06am Oct 21, 2009 9:06am
EU M15: They ran it up and sold off heavy at the highs. Look at the first big volume bar on the run up. If you examine the volume on lower tf charts, you will see about half of it was at the highs!!!!! Then look at the next big volume bar, almost as big as the first, and all the while the PA is kept up at the highs!!!!!

.....big time manipulation for selloff, imho.

Follow Sonic's lead. Take a coffee break and wait for however long it takes for the next setup.
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  • #6,869
  • Oct 21, 2009 9:15am Oct 21, 2009 9:15am
Quoting traderathome
.....big time manipulation for selloff, imho.
Price goes where it goes, and whether it is manipulated or not is questionable. I think that a trader may do himself more harm than good by holding and fostering a belief in such manipulation. Is it not generally thought that technical analysis, to the extent that it does "work," does so because the markets are freely traded and not subject to regular manipulation?
  • #6,870
  • Edited 9:34am Oct 21, 2009 9:19am | Edited 9:34am
EU M15: Ok, now we have completed another full 15 minutes of trading after the pump. And the volume remains high. A lot of trading is going on at these prices....a lot more than when the price was lower. So, what does that say? Is this the "...sell high." part of "Buy low, sell high?"

Edit: Add M5 chart showing some detail. Look at spurt of high relative volume while PA ranges after the big pump. That volume is at the very highs, an indicator that this move was manipulated by the US big boys to stage for a selloff....which is now in process. Just an opinion.
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  • #6,871
  • Oct 21, 2009 9:28am Oct 21, 2009 9:28am
Quoting traderathome
the volume remains high. A lot of trading is going on at these prices....a lot more than when the price was lower. So, what does that say?
To me, it simply says that there is much more interest by market particpants at $1.5000 than at a price that is not $1.5000, which to me makes complete sense. S/R levels act as S/R for because of the manner in which buyers and sellers act at those levels.

In other words, the rally back to $1.5000 should not have caught anyone by surprise. The fact that price is pausing here to consider whether to advance or reverse, likewise, should not be surprising. Next step: wait for a SonicR to provide a relatively low risk/high reward trading set-up.
  • #6,872
  • Edited 10:05am Oct 21, 2009 9:39am | Edited 10:05am
Quoting ddaytrader
Price goes where it goes, and whether it is manipulated or not is questionable. I think that a trader may do himself more harm than good by holding and fostering a belief in such manipulation. Is it not generally thought that technical analysis, to the extent that it does "work," does so because the markets are freely traded and not subject to regular manipulation?
Yeah, sure. TA works fine for all those good reasons......EXCEPT in cases like JUST NOW!!!! When manipulation is afoot, you can throw out all the TA, fundamentals, and logic. It comes down to the rich and powerful want to sell high....and the price wasn't high enough at the time to satisfy their greed. So what did they do? THEY PUMPED THE SHIT OUT OF IT! And now they are happily selling off at the prices they want to sell off at.

Look, it is either that, or our US government wants to maintain a weak dollar and is in collusion with the major stateside syndicates to keep it that way......


Edit: .....or BOTH!

PS: I have held the belief for quite some time that the only TRUE fundamental in forex trading is the greed of the "Big Boys". And with their money, they have the ability to drive the prices where they want them whenever they decide to do so. And they do so to make their profits every week, regardless of TA, fundamentals, logic. And if all this is true, it is not hard to recognize they make huge profits by manipulating the prices quick and far and contrary to all that other "stuff."

Edit: Add chart. Just look at this foolishness! Who in their right mind is INCREASING THEIR TRADING at the highs? ......SELLERS!!!!

Edit: ddtrader, I LOVE the term, "freely traded." I'd LOVE to have someone explain THAT one to me! Is the US stock market a "freely traded" market? I mean, gee, THERE, even with what regulations and all, the Big Boys can sell what DOESN'T EVEN EXIST. It is lovingly called "naked shorting" and the Big Boys have destroyed billions of dollars of hard working honest shareholders value by driving prices down, by dumping/selling milliions upon millions of shares that never existed! Yep, I guess that is the epitome of a "freely traded" market! And THAT is a "regulated" market. Guess what.....forex is NOT a regulated market. So there is no telling of all the shenanegans that could be going on here.
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  • #6,873
  • Oct 21, 2009 10:03am Oct 21, 2009 10:03am
The trade is still on with stop loss at 1.4987
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  • #6,874
  • Oct 21, 2009 10:10am Oct 21, 2009 10:10am
Quoting traderathome
Yeah, sure. TA works fine for all those good reasons......EXCEPT in cases like JUST NOW!!!!...
I am not trying to start an argument or a war (though it seems as though that is excactly what happens to me here anymore).

I was just proposing that price action is not manipulated, but rather adheres to simple principles of supply and demand and support and resistance.

I am not one of the "Big Boys," and yet I was able to get long EU at 1.4930, with TP1 hit at 1.4995 and TP2 at 1.5040.

I have posted this type of trade in the past here, and I call it an "advanced SonicR. I look for price to plant a low at potential support (in this case the lower trendline of the SH1 channel), and then rally, with a pullback to a higher low, and I then buy the break of that first rally high.

All technical analysis, nothing but using S/R, and L-H-HL as Sonic teaches.

You are free to hold whatever beliefs you wish, and I was just trying to provide a counter opinion for newer Sonikers to consider.

I am simply afraid that your belief could, if it is adopted by other, less experienced traders, cause them to start to blame their losses on a mysterious and elusive "They", e.g. "they ran price to my stop loss ...," rather than simply accept losses as a part of the business of trading.
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  • #6,875
  • Oct 21, 2009 10:11am Oct 21, 2009 10:11am
Quoting gusismith
The trade is still on with stop loss at 1.4987
Congrats! Good trade to be on the right side of!
  • #6,876
  • Edited 10:38am Oct 21, 2009 10:20am | Edited 10:38am
Quoting ddaytrader
I am not trying to start an argument or a war (though it seems as though that is excactly what happens to me here anymore).

I was just proposing that price action is not manipulated, but rather adheres to simple principles of supply and demand and support and resistance.

I am not one of the "Big Boys," and yet I was able to get long EU at 1.4930, with TP1 hit at 1.4995 and TP2 at 1.5040.

I have posted this type of trade in the past here, and I call it an "advanced SonicR. I look for price to plant a low at potential support (in this case...
We are not battling, we are not at war, ddaytrader. We trade what the charts show us and exercise good money management.

It matters not WHY prices move, only that they DO move! After years in the US stock market, I accept manipulation as a fact of life when it comes to trading. Large trading firms (banks, brokerages, syndicates, hedge funds....whatever) do whatever is within the regs to "steer" prices for the sole purpose of making profits. They have even, at times, (as we well know) done what regs do NOT PERMIIT. It is the nature of the greed in the people behind these firms.

Having said that, we should applaud the mainpulation. If this is what these "guys" must do to make their quota of profits daily, weekly, monthly.....then great! Just so long as they keep the PA moving up and down.

Our answer is SonicR, and good money management in case we suddenly find ourselves on the wrong side of a move.

Edit: Excellent trade on your part, by the way! Congratulations!

PS: Thinking about it, it is best if new traders quickly develop a healthy respect for the "amazing" ability for PA to suddenly dash off in a direction, even the unexpected direction. It should increase their devotion to good money management. perhaps the most imortant trading aspect of all.
  • #6,877
  • Oct 21, 2009 10:30am Oct 21, 2009 10:30am
Quoting traderathome
Edit: Add chart. Just look at this foolishness! Who in their right mind is INCREASING THEIR TRADING at the highs? ......SELLERS!!!!
Remember, in forex, there is a buyer for every seller, and a seller for every buyer. Every $ opened long has an equal $ short position opened against it. So, rather than make judgements as to who is the fool and who is the wise one, we should eb content to see where price goes, without making moral judgements as to that direction.
  • #6,878
  • Oct 21, 2009 10:45am Oct 21, 2009 10:45am
That was a good rant T&D!

It was good for us new people to read, well me personally as, I can see both sides of the point. And as you both concluded SonicR with good MM is the answer.

Now, after I get my head around Basber's exercise, the next thing is Sonic MM.

Thanks for a great thread folks.
Starting to see instead of just looking.
  • #6,879
  • Edited 11:23am Oct 21, 2009 10:49am | Edited 11:23am
Quoting ddaytrader
Remember, in forex, there is a buyer for every seller, and a seller for every buyer. Every $ opened long has an equal $ short position opened against it. So, rather than make judgements as to who is the fool and who is the wise one, we should eb content to see where price goes, without making moral judgements as to that direction.
In the US stock market, there also is a buyer for every seller. But, as it turns out, when the price is being driven hard and fast, the buyer and the seller are either the SAME or a pair IN COLLUSION! By quickly selling (what may not even exist) small portions at decreasing prices, and at the same time buying them at decreasing prices, the price gets plummeled! This usually happens after a sizeable short position is taken, which is "covered" once the price hits the floor (or basement).

The point is, only one "entity" drove the price by taking BOTH sides as the price was manipulated (up or down). This has been going on for decades in the "regulated" US stock market (SEC and all that hoopla)....all totally legal, and what wasn't, well the "regulators" simply ignored it.

Edit: It has been estimated that over one hundred billion dollars of equity has "vanished" from the US stock market into the pockets of "naked short" sellers....who sold shares that never existed, and pocketed the money. The SEC's answer to that, once the public's cry "Foul!" began to be publicized, was to GRANDFATHER those "illegal" shares!!!!!!! .....meaning the culprits NEVER have to "cover" them!!!!!!!! These are the Big Boys, whose "deeds" are so outrageous it was easier for the government to sweep it all under the rug than to bring these rich and powerful people to justice. Yep, "freely traded", "regulated".....pour on the "assurance provoking" adjectives, it still is manipulation for profits. Those same "trading concerns" have flocked to the forex market. Do we dare believe they will behave with any more restraint here??????
  • #6,880
  • Oct 21, 2009 12:26pm Oct 21, 2009 12:26pm
I think this discussion about manipulated market is both right and wrong.
Ddaytrader is afraid that traders will get an illness of external locus
of control ("market is being manipulated!"), and traderathome wants traders
be prepared for everything ("you can't explain every move in forex unless
you work in a central bank!"). They are both right.

Overall, EUR/USD is in an uptrend in almost all timeframes. The trendline which was tested a few times before, and is very important, held when it was tested, so I expected the PA to bounce back and test 1.5 roof. The SonicR setup that you guys saw, was valid, BUT, but the Lower High was so insignificant, that was barely visible, and the market itself was very volatile. If you had seen the big picture, you would have understood that it was actually an opposite trade forming - Long. PA formed Low, High, Higher Low, Higher High a few times. Yes.. it was about to break up higher.

The way I saw it (entry above the Daily Pivot Point)
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cut losses short, let profits run.
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