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Sonic R. System

  • #9,501
  • Jan 14, 2010 4:39am Jan 14, 2010 4:39am
Quoting zyga
Hey Sonicers,
GBP/USD possibility.
I am totally newbie in here.
Sorry for my English.
The oppinions are welcome!
Thank you.
Attachment
Attachment

hi g/u is currently ranging inside the channel, it would be wiser for a BO to occur and see for wave setups following.

do take note of the long TL that has not been broken yet when PA reaches it.

all the best
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trade safe
  • #9,502
  • Jan 14, 2010 5:33am Jan 14, 2010 5:33am
Quoting sonicdeejay
UJ seems hit by a truck..at the resistance traffic..

91.0x seems a entry, and H4 will have bearish hammer (Pin Bar)...

I will be happier if I see a lower high ...in stead of Higher High we have in 15m TF...

http://cdn.forexfactory.com/attachme...1&d=1263397000

Sonic
Wave Analysis and Sonic R, will not only give you profit..and it will prevent you from going wrong direction...most of the time...


Sonic
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  • #9,503
  • Jan 14, 2010 7:27am Jan 14, 2010 7:27am
Sonic Thank You
Lets assume that you have drawn the channels by yourself , manualy.
What do u do when you have a conflict between an entry based on Sonic wave vs. TL or S/R levels (like in this case).
Could you have considered not to enter the trade because of the TL
OR the wave is always in 1st priority ?
How do you actually act when there is a conflict ?
Tks
David


Quoting sonicdeejay
I believe... 1 bad thing about channel is they repaints...
Now u see the down channel line as it is already repaint according to how price move...

http://cdn.forexfactory.com/attachme...1&d=1263404830

It MAY be a up channel at the time.when price go above dragon...where u put ur red arrows..

Jus 2 cents..

Sonic
  • #9,504
  • Jan 14, 2010 7:50am Jan 14, 2010 7:50am
Quoting david4u
Sonic Thank You
Lets assume that you have drawn the channels by yourself , manualy.
What do u do when you have a conflict between an entry based on Sonic wave vs. TL or S/R levels (like in this case).
Could you have considered not to enter the trade because of the TL
OR the wave is always in 1st priority ?
How do you actually act when there is a conflict ?
Tks
David
First of all, it doesn't matter if TLs are manually drawn or by indicator....a TL is a TL. As for conflict between a SonicR wave indicated entry and a TL, or a S&R line being too near, that is when your judgement says "No trade because a S&R area or other potential problem area is too near." You simply wait for another setup where the "coast is clear." Either wait for another setup, or wait for PA to breakout per the setup, then clear the problem area, then pull back to "test" the problem area, then turn around again and continue the run/trade......which is when you would make entry.
  • #9,505
  • Jan 14, 2010 8:17am Jan 14, 2010 8:17am
Thanks
What about TP's
Do you take TL as possible TP's targets
or you go only to your FE's + horizontal S/R ?

Quoting traderathome
that is when your judgement says "No trade because a S&R area or other potential problem area is too near." You simply wait for another setup where the "coast is clear."
  • #9,506
  • Jan 14, 2010 8:21am Jan 14, 2010 8:21am
Quoting zz_zhang
hi g/u is currently ranging inside the channel, it would be wiser for a BO to occur and see for wave setups following.

do take note of the long TL that has not been broken yet when PA reaches it.

all the best

told cha...
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trade safe
  • #9,507
  • Jan 14, 2010 8:25am Jan 14, 2010 8:25am
Quoting david4u
Thanks
What about TP's
Do you take TL as possible TP's targets
or you go only to your FE's + horizontal S/R ?
Of course you consider a TL as a target! Here is what happens most of the time when a TL or a S&R line comes before the next FE level. The price will pause at the TL/S&R area. From there, it either will eventually continue on to the FE level, or it will reverse at the TL/S&R area never to make it to the FE level. There is no hard and fast rule to say how things will go....not about this nor about anything else of this nature. That is why what makes the best trades is good waves and a clear board to a Tp level that yields profits that make the trade worth while.
  • #9,508
  • Edited 8:56am Jan 14, 2010 8:43am | Edited 8:56am
UJ :

The market response to US data out a while ago was to torpedo it (pump the US side). In about 20 minutes we get another release of US data. I am wondering if the market response will be to pump it (torpedo the US side.) Sound screwy? The market has done this before. I mean the syndicates that virtually control the pricing have used in the past a sequence of close releases to whipsaw the market, eventually leaving about where it all started. But in between time, they made quadzillions of dollars jerking the market back and forth!

Ops, forgot the pic....
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  • #9,509
  • Jan 14, 2010 8:50am Jan 14, 2010 8:50am
Quoting traderathome
UJ :

The market response to US data out a while ago was to torpedo it (pump the US side). In about 20 minutes we get another release of US data. I am wondering if the market response will be to pump it (torpedo the US side.) Sound screwy? The market has done this before. I mean the syndicates that virtually control the pricing have used in the past a sequence of close releases to whipsaw the market, eventually leaving about where it all started, but in between time they made quadzillions of dollars jerking the market back and forth!

Ops,...


*jerking the market*......is what are they doing! yeah!
  • #9,510
  • Edited 4:54pm Jan 14, 2010 4:39pm | Edited 4:54pm
UJ and EJ: Both are peeking above Ep. Pic is for UJ trade. H4 chart also has FE for slightly longer term prospect should trade develop.
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  • #9,511
  • Jan 14, 2010 4:43pm Jan 14, 2010 4:43pm
Quoting traderathome
Sound screwy?
TAH, you do realize that if the market were as manipulated by a few insiders as you seem to believe, technical analysis would not work as it does. In fact, the supporting premise of technical analysis is that it works only in freely traded, liquid markets. A manipulated market is not freely traded.
  • #9,512
  • Edited 5:59pm Jan 14, 2010 5:15pm | Edited 5:59pm
Quoting ddaytrader
TAH, you do realize that if the market were as manipulated by a few insiders as you seem to believe, technical analysis would not work as it does. In fact, the supporting premise of technical analysis is that it works only in freely traded, liquid markets. A manipulated market is not freely traded.
Ddaytrader, I never said "...a few insiders..." I said syndicates. And maybe that name doesn't do justice to the HUGE sums of money and favored, quick execution of trades behind such market moves. Since the initiation of the move all I have seen is a series of quick moves down followed by reletively prolonged periods of mini price climbs...with MUCH MORE TRADE COUNTS IN THE CLIMBING PERIODS. For days now, the TRADE COUNT CONCENTRATIONS have been during mini price clilmbs after quick, more dramatic drops. Now I know why I have had the "feeling" this is going up even in the face of continued price decline. I believe big money is on the long side, and they are driving the price down every chance they get. Whatever "volume" it costs them to incite the moves down pales in comparison to the "volume" after they get it down. And after two days of climb, the morning "news" was an excuse to torpedo it again. I can't prove a word of this. I could be wrong. Lets see what happens over the next couple of weeks.

I shall trade SonicR......up or down, what ever the market supplies. My underlying belief as to what is going on is not going to change that. And do not mistake my beliefs for animosity towards market movers. Without them volatility would dry up and so would much of the spot forex trading opportunity. Per your very good post yesterday, we must manage ourselves and ensure that we trade what we see and not what we believe, to take proper advantage of the movements the "market" provides.
  • #9,513
  • Edited 6:55pm Jan 14, 2010 6:25pm | Edited 6:55pm
I have to make a separate post for this one, ddaytrader. You said, " In fact, the supporting premise of technical analysis is that it works only in freely traded, liquid markets. A manipulated market is not freely traded."

Turn that last statement around, and the logic says that if a market is a freely traded market, then it is impossible for there to be manipulation in it. Ha! And BS! (Not to you, but to the absurdity of the statement.)

I'll prove it. The US stock market has always been what is called a freely traded market. Yet it has, is, and will likely be for a long time fraught with manipulation. A specific example of one type of manipulation in the US stock market is Naked Shorting. It has been, is, and will likely be for a long time totally legal. It has allowed the sale of stock that doesn't even exist, so long as the sale was "covered" within a time specified by regulations. Yep, you got it! Not only could "monied" concerns flood the market with the sale of shares that didn't exist, by way of loopholes in the regulations (which no one seemed the least concerned about eliminating) the sales were allowed to NEVER be covered! It is estimated that well over 100 BILLION DOLLARS of non-existant equity has been "sold" into the stock market and NEVER "covered" (removed). The "selling" manipulators walked away with that money, leaving non-existant shares on the books in the market, which finally got resolved by the price of the real shares owned by folks like you and I dropping in value. And, the SEC grandfathered all this free market manipulation (so much for the SEC "protecting" the interests of shareholders)! That means the perpetrators NEVER WILL HAVE TO BUY BACK THOSE NON-EXISTANT SHARES! They got to walk away scot free with over 100 billion dollars they manipulated out of the stock market.

So don't ever let anyone tell you to believe that in a freely traded market there cannot be manipulation. It seems the "freely traded" US stock market, with all of its self-regulation and the SEC to boot, was allowed to be TOO FREELY TRADED!

And guess what! The "freely traded" forex market is bigger and less regulated!!!!!!

Edit: All this does not mean that we cannot trade the forex market profitably. We can. And it does not mean "technicals" won't work. They do. They just don't work worth a damn at times of extreme price movements! (Hey, lets apply converse logic here: when "technicals" aren't working, it is proof of manipulaton! HA!)
  • #9,514
  • Jan 14, 2010 7:04pm Jan 14, 2010 7:04pm
EU (and UJ): EJ just broke down out of Dragon. Not UJ, not yet anyway. But now it probably will. If price comes back into Dragon then we have Eps in both directions. Since EJ and UJ have had similar tracks, what EJ is now doing may also be done by UJ.
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  • #9,515
  • Edited 10:10pm Jan 14, 2010 7:35pm | Edited 10:10pm
Here is an interesting view of "trade counts" (so-called forex volume). Note the several spikes in trades to start the price moving down. Note the quantity of trades every time the price was in the bottom half of the range move down. It is easy to see there is a lot more trading in the lower half of the price range down, than in the upper half, even including the trade count spikes required to force the price range down!

To me, it is confirmation the monied players keep torpedoing to get lower prices to increase their accumumlation of long positions, because no matter what it costs them to force the price drive down, they get enough at the lower prices to offset that cost and come out with more long positions on the books at a profit when compared to just buying at the prices before the torpedos.

Edit: Chart update (second chart).
Edit: Chart update (third chart).
Edit: Chart update (fourth and final chart). So, to me, it looks like a trading concern wanted to add a lot to their long position. They did not want to pay market price, nor did they want their buying to drive the price higher on themselves while filling their order. So, in whatever way they manage this manipulation, they toropedoed the price quickly. Then, for over 2.5 hours they bought. When finished, they quickly pumped the price back up, immediately building in a profit cushion. At that point they stopped trading and the trading count fell off sharply (by the way, this was the most trading for this time in the asian session in 4 weeks). Call me niave, but I'd think that much buying would drive the price up. But no.....in this case the price was held down until the buying was finished. And I hardly think this was sellilng because anyone having that much to sell had many much better opportunities for quite a few days already! No, this looks very much like.......Torpedo..........and........BUY!.....BUY!......BUY!
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  • #9,516
  • Jan 14, 2010 10:43pm Jan 14, 2010 10:43pm
UJ: PA has created both Eps nicely tucked close in to the Dragon! This is one good looking situation compared to the rest.....
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  • #9,517
  • Jan 14, 2010 10:56pm Jan 14, 2010 10:56pm
I have read your article over there and It is really impressive.I'm having a problem with you brother which i want to share with you.Whenever I make any trade even it is in buying or in selling it always goes against me.Somehow, I use to understand the market trend as well.But Still i use to face loss.Will you please say some thing about that.I'm waiting for your reply bro!
Takecare

Best regards
Khalid
TRADE WHAT YOU SEE AND NOT WHAT YOU EXPECT
  • #9,518
  • Jan 14, 2010 11:08pm Jan 14, 2010 11:08pm
Quoting khalidsafdar
I have read your article over there and It is really impressive.I'm having a problem with you brother which i want to share with you.Whenever I make any trade even it is in buying or in selling it always goes against me.Somehow, I use to understand the market trend as well.But Still i use to face loss.Will you please say some thing about that.I'm waiting for your reply bro!
Takecare

Best regards
Khalid
I see you have been a member of this thread for only 8 days, as well your question is quite vague. May I cordially recommend that you start reading from the very beginning of this thread. Take notes. Absorb. Think. And at some point where you believe you understand the SonicR method, practice trade it. Practice trade it until you come to understand your own decision weaknesses. Then take stock of your understanding of the SonicR method, and of your trade decisions leading to losses. I believe then, and only then, will you have the chance to cross the bridge to profitable trading.

Read. Think. Watch. Think. Practice. Think. Read some more. Think some more. Practice some more. Watch some more. You will get it. You can do it!

Welcome.
  • #9,519
  • Edited 11:31pm Jan 14, 2010 11:20pm | Edited 11:31pm
!News Flash!

This just came across my streaming news feed.....

"By order of the spot forex Manipulators Consortium: Effective immediately, UJ pricing shall be maintained between the official SonicR entry points (Eps) until the Frankfurt market open time. Any member whose trading causes, intentionally or unintentionally, prices to deviate beyond this stipulated range (i.e., to go up) shall be dealt with severely (some of your long positions will be confiscated)." - Signed, xxxxxxx
  • #9,520
  • Jan 15, 2010 12:14am Jan 15, 2010 12:14am
Quoting traderathome
(some of your long positions will be confiscated)." - Signed, xxxxxxx
LOL...

Sonic
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