Sonic R. System

Entry was probably a little early. Also. you experienced Sonicers might have a better exit but I closed when PA stalled.

The GU is stalling at the monthly pivot right now. Not unless the USD comes out with bad news, we should see a clean break.....

GU Short Trade Projection:

Last session GU set up nicely for a move up, in conjuction with news (excuses). But now that that senario is over and done with, I am looking for a move down, which is with the overall trend.

M15 attached shows Ep area created by current PA. But, as often happens thru the asian sessions, PA might create new Ep zones before the FO/LO traders come on board to start making the more serious moves of the session.

The Daily chart shows why I refer to this as being in a down trend. The FR study shows that after the long move down, PA retraced up and failed significantly at the 38% level. Then PA moved up to fail significantly at the 50% level. And then PA moved up where it has just again failed at the 38% level. The frosting on the cake, so to speak, is the trade counts. Each retrace move up was on light trading. Each "failure" move was with heavy trading. So, my conclusion is professional trading is favoring the downside direction.

That being said, after yesterday's move up, followed by a 50% retace back down (where PA is currently), before any serious leg down starts, we could see a "head fake" move back up to some extent....which is just speculation on my part. I have no idea which way the next move will be, nor how strong a move it will be.

Overall, however, this looks bearish to me. I will trade which ever way a SonicR setup breaks. But I have more confidence in a better move coming from a break out of a short trade SonicR setup.

No Picture, No Talk!

SonicR Thread Rule #1!

GU Short Trade Projection:

Already asian session trading has altered the location of EP. Though 3 TPs are shown, only TP1 will be considered as a target before FO/LO. All 3 targets are within the 30 day average of daily trading range.

Edit: The spike down on high trading initiated the trade (second chart).

GU Short Trade:

A very unconvincing low trade pump is occurring. I have raised SL in chart (actually removed my own SL) to keep trade running. The trading level on this pump pales in comparison to the high trading on the earlier run down! Personally, I believe this pump is manufactured to try to sell off longs and put on shorts at a higher price.....the real run will be down. But this is only speculation.

Edit: Updating chart. Removing TP1 because considering the extent of the swings down then up, the next run should be greater. If it goes south, PA should blow thru TP1. Removed SL (my own removed and trade still running) until PA gets back into short trade mode. By the way, such swings, enabled in the asian session without a lot of money required since the "bigger guns" are asleep, is a reason to abide by Sonic's advice to not trade the asian session.....PA can take off in the opposite direction on you, and cover a good bit of grround. Lets see how this finally plays out. It may be another poignant example in support of Sonic's advice.

Edit: This last run up failed at the 38% retrace level on the Daily chart FR study.......again! If this rejection holds (the day is not over) then we can all chorus...."DIVE, DIVE, ....DIVE!" (Just speculation, but see added second Daily chart).

GU Short Trade:

Quick summary is......up and down since my entry triggered hours ago. But here we are again with another EP south made. Attached chart shows EP (blue), SL (red) and single TP (green). For now, that is the way it is. I will add to trade as PA moves thru this new, higher EP.

Added second chart. FE (used to create projections of price targets) shows the 127% level (This level is used for projections. It is the square root of another important fibonacci number, 1.618) aligns with the S2 support level (fibonacci pivots). And so, this is my TP target level. I have labeled other aspects of this SonicR method setup for the short trade.

TAH,

have a look at the GU Daily and 4hr Charts below.
The outcome of my analysis suggests a GU Short isn't a high probability????

Pablo

GU Short Trade:

Frankfurt opened about 35 minutes ago. It was nice of the Asian trading syndicates to pump the price back up for the FO boys, enabling them to do some trading at the highs before the real drive down begins, and without the FO syndicates having to first pump it up themselves! Nice co-operation.

The FO traders have maintained the high range given them by the asian traders. So, the short trade is again on hold until they finish their preparations up here.

These swings have destroyed the neet H-L-LH sequence. We now have lower highs, and higher lows.....things are coming to a head. At this point I can only refer back to the Day chart, which shows repeated failures of moves up at key FR levels.....all indicating a big move down may be brewing.

So, while this whipsaws back and forth, I wait. I have missed some 20-40 pip opportunities to the upside. That is okey. These wide swings tell me something much bigger is in the works.

All speculation, of course.

I am still on the short side of this. But if it breaks these wide swings to the upside, I will go long.

Edit: Long trade good for 30ish pips and closed. PA is hanging up there, and next...........humpty dumpty............

GU Short Trade (on hold):

I have cleared the chart to show another, and current, indication that a downwards PA move is brewing. I have applied the FR tool from a recent significant high to low. The FR tool is modified to include FR "expansion" levels, i.e., levels if there is a full 100% retrace of the move and then a breakout in the same direction of that retrace.

As you can see, PA has been rejected at the 127% FR expansion level. And so far this session, which is about half over, the trade count is only about a third of that for the run down two days ago.....down then and up now over practically the same range, but this up move is on much less trading. The phrase that describes what seems to be the case here is.......PUMP to DUMP!

And if all this is the case, then the upcoming short trade event might be a whopper compared to the just concluded long trade event.

UJ:

While waiting for GU to succumb to gravity, take a look at UJ M15. What we have here is a potential Head & Shoulders forming. Formation could coincide with a SonicR setup for a short trade....worth keeping an eye on.

I would suggest that anyone trying to learn SonicR disregard the talk of "syndicates." It does not work this way. Thinking this way will only hurt your ability to read what price is actually telling you.

This is from John Carter's Trading Plan, and it warns that holding the very opinion expressed above, i.e. the opinion that price is manipulated by market makers (or syndicates), leads the trader to ruin, not to trading success (I've attached the whole .pdf as well. There are some valuable ideas contained it for the traders new and old. I am not recommending John Carter in anyway - this is a free .pdf, and I have never purchased any of his other materials).

Focus on solid, SonicR technical analysis, Sonikers. Leave the syndicate talk for hollywood movies and pre-depression era history books. It does not work that way, at all.

Hello Sonikers !
Me too I am waiting for a good setup
UJ & EJ head and shoulders forming, but DPV looks near neckline
EU I am waiting for a retracement in the dragon

White line is potential entry

Remarks always welcome !

DD
Tks for your insight
and looking forward to see your charts/setups/triggers ...
I miss them ...

No Picture, No Talk!

SonicR Thread Rule #1!



I have labeled such comments as "speculation" or "opinion", ddaytrader. I think, therefore, you do not need to belabor the point.

My orders Short EU

EP 1.3990
SL 1.4029
TP1 1.3940
TP2 1.3890

I think it will trigger during the news, remarks welcome !

TAH,

I'm not sure you should draw FR's this way re post 9650.
Can you explain why you do this as it goes against everything I've read or heard?

I stand to be corrected but you've drawn them upside down and on the wrong wave. The way I draw them shows GU to have all the hallmarks of a retrace and continuation "upwards".

That said, I can't thank you enough for what you contribute to this thread, pump and dump apart!

Edit: should have said FR's and not FE's

Pablo

1) I did have a picture. Did you not read it? it was a screen capture of a page from the .pdf of Carter's Trading Plan. Not only did I have a picture, I attached a copy of a trading plan that should be helpful, to Sonikers new and experienced alike. I try, when I post, to help people.

2) You can call it what you will, but you yourself know how impressionable new traders are. Just because you label it "opinion" does not mean it will not lead some to interpret it as fact. And it is not a fact. It is pure fiction.

3) I am not belaboring a point. In fact, I have been very quiet about it, haven't I? And very patiently I have been hoping you would at some point focus on SonicR here. But you have lately become more strident and persistent in voicing your view that mysterious, all powerful syndicates manipulate the markets. You might therefore allow me an occasional reiteration of my objections to your view, right? It is a view which, as I have said, will harm and not help new Sonikers. You are free to speak your view, and I am free to voice my disagreement, wouldn't you agree? After all, if anyone has been belaboring anything, it has been you in the continued assertions that price is manipulated, rather than keeping us focused on presenting SonicR technical analysis.

4) Technical analysis works. It can do so only because markets are liquid and freely traded (i.e. free from manipulation). Since technical analysis works, then it cannot be the case that those markets are manipulated.

We are free to disagree, TAH. But you are not more free than I. We both have a right to speak our minds.

At the very least one might have noticed that over the last two months, when you see a SonicR long you should buy the GBPUSD not the EURUSD, and when you see SonicR shorts setting up on both, you should short the EURUSD and not the GBPUSD. Buy the stronger, sell the weaker.

Yes good point DD.

I have a short Bias on EU with the next expected Pivot Point Level @ 1.36xx and a Long bias on GU to 1.68xx - both 162% FR's on the 4hr Charts.

As I mentioned before, there are two ways to trade, SonicR Macro and SonicR Micro i.e. Macro with a 4 HR Bias and Micro chase every SonicR set-up with no bias filter.

I'm with Muhammod and trade SonicR Macro style.

Pablo