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Sonic R. System

  • #12,301
  • Apr 30, 2010 10:10am Apr 30, 2010 10:10am
Quoting Domas4
As long as TA works - we are okay!

Speaking of my GBP/U trade.... come on market PUSH! PUSH!
One more time honey! I can already see the head of TP! PUSH!
Yes, and that is the beauty of it all! We have the power of manipulation to keep the market moving for us. And we have S&R to guide us. The manipulators are simply too greedy to arrive at one level and not eventually arrive at the next, in one direction or the other!

And SonicR helps us be in the right direction.
  • #12,302
  • Apr 30, 2010 10:19am Apr 30, 2010 10:19am
As far as I know, those banks and big corporations use the same
primitive tools as we do - waves and S&R. I think we are just taking the
advantage of them But yeah, sometimes they like to hunt for SL's.
So called "re-test" of the level
cut losses short, let profits run.
  • #12,303
  • Edited 10:43am Apr 30, 2010 10:26am | Edited 10:43am
Quoting Domas4
As far as I know, those banks and big corporations use the same
primitive tools as we do - waves and S&R. I think we are just taking the
advantage of them But yeah, sometimes they like to hunt for SL's.
So called "re-test" of the level
Well, you make it sound like they are blind to how much they need to "invest" in order to take out all the SLs at every price between current and their goal. I have a suspicion that either the Speculators, unlike us, have that information, or it doesn't matter because they have whatever money it is going to take, and they can jump gaps between prices with SLs by "special booking" of their trades at prices where there are no "takers"!

It is the only explanation that accounts for their unimpaired ability to move price quickly, far, and on relatively low trading activity (regardless of the count of trades, in some cases the size may be just micro mini-lots!). Believe me, if anyone has a better explanation, I welcome hearing it!

Anyway, it is a good thing for us. It enhances the market volatility. As frustrating as it may be to get caught on the wrong side of such manipulation, that is what money management is all about. And without such manipulation, the market probably wouldn't be worth bothering with.
  • #12,304
  • Apr 30, 2010 10:33am Apr 30, 2010 10:33am
I would not mix volatility with true volume. For example, the reason why NFP
days have such big moves is due to the lack of liquidity right before the news.
It makes it easier to move the price with the same amount of currency.

P.S. To those 30 people who are watching - our conversation is not related
to SonicR method at all!
cut losses short, let profits run.
  • #12,305
  • Apr 30, 2010 10:36am Apr 30, 2010 10:36am
Quoting Domas4
As far as I know, those banks and big corporations use the same
primitive tools as we do - waves and S&R. I think we are just taking the
advantage of them But yeah, sometimes they like to hunt for SL's.
So called "re-test" of the level
besides most of the retail traders use the quote that they see, such in mt4, the "big dogs" use market depth to control the the bid/ask, like the ecn brokerage have...

such as that one, that you move the price with your entry
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  • #12,306
  • Apr 30, 2010 10:43am Apr 30, 2010 10:43am
Yeap, or like this one.

We, retail traders can see it, but we do not have access to such big funds
to move the market.
Attached Image
cut losses short, let profits run.
  • #12,307
  • Apr 30, 2010 10:58am Apr 30, 2010 10:58am
Quoting Domas4
Yeap, or like this one.

We, retail traders can see it, but we do not have access to such big funds
to move the market.
one day, one of us, will get there, YES WE CAN!!!!
  • #12,308
  • May 2, 2010 7:45pm May 2, 2010 7:45pm
hello Friends,

Can you pls guide me,I have attached screenshot.Letme know whether my entry price is correct.

Thanks
Kumar
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Dragon the best Indicator
  • #12,309
  • Edited 8:21pm May 2, 2010 8:07pm | Edited 8:21pm
Quoting mg_vinodkuma
hello Friends,

Can you pls guide me,I have attached screenshot.Letme know whether my entry price is correct.

Thanks
Kumar
Your 125.50 for long entry is ok. But price moved down out of Dragon to 124.94, pulled back to the whole number, then dropped past 124.94. That way my entry short. There also was a drop out of the Dragon to 124.94 over two hours previously. So I decided an entry at 124.91 area would be ok. I think your short EP of 124.68 is too low. Also, keep in mind that this is the asian session, which is not "approved" for SonicR trading. If you do trade it, keep your first target (TP1) close in, as that may be all you'll get. Often price then does nothing more until it is later pulled back for the F and L traders.
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  • #12,310
  • May 2, 2010 8:13pm May 2, 2010 8:13pm
Hi guys. What do you think about shorting GU?
It looks like there are good wave formations. Thanks
Attached Images
  • #12,311
  • Edited 9:40pm May 2, 2010 8:46pm | Edited 9:40pm
EJ short trade:

TP reached and trade closed. Could go lower, but this result is ok for an asian session trade.
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  • #12,312
  • May 3, 2010 3:55am May 3, 2010 3:55am
Seeing Nice higher Lows..above dragons will be nice...

Sonic
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  • #12,313
  • May 3, 2010 6:10am May 3, 2010 6:10am
Quoting sonicdeejay
Seeing Nice higher Lows..above dragons will be nice...

Sonic

I'm a newbiew, also in Singapore.

Trying to follow all the posts here.

Am I right in the following chart?
is my SL too tight?
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  • #12,314
  • May 3, 2010 6:22am May 3, 2010 6:22am
Wow, so quiet today?

Interesting action on ej and chf/j..
Thank you j16!
  • #12,315
  • May 3, 2010 6:31am May 3, 2010 6:31am
Bank Holidays.... extremely boring....
cut losses short, let profits run.
  • #12,316
  • May 3, 2010 6:39am May 3, 2010 6:39am
Quoting SharnHoiste
I'm a newbiew, also in Singapore.
Trying to follow all the posts here.
Am I right in the following chart?
is my SL too tight?
Your SL should be dependent on your TP. If your TP is set far
away, you might wanna give the Price a little room to breathe.
If your TP not far, then you wanna risk less and set tight SL.
Never go less than 1:1 (Risk:Reward)
cut losses short, let profits run.
  • #12,317
  • May 3, 2010 7:18am May 3, 2010 7:18am
Bank holiday or not, the action isn't bad. Those ej and chf/j pairs I talked about earlier is making the session more than worth it. Thanks SonicR.
Thank you j16!
  • #12,318
  • May 3, 2010 7:26am May 3, 2010 7:26am
Quoting Domas4
Your SL should be dependent on your TP. If your TP is set far
away, you might wanna give the Price a little room to breathe.
If your TP not far, then you wanna risk less and set tight SL.
Never go less than 1:1 (Risk:Reward)

Thanks, bro!
  • #12,319
  • Edited 9:50pm May 3, 2010 7:30pm | Edited 9:50pm
GU, here is possibly a nice short trade setup in the making:

H4- Look at this as though it were M15. PA made EP south and is now consolidating. The bodies of these H4 candles are very small and all below the Dragon. In the first H4 chart I have drawn in black the possible wave. In the second H4 chart I have applied FE study, and note that the FE 79% level is just below a whole number, and near the lower range line for the current session. This would be a target area.

M15- The chart has been set up with preliminary positions for SL, EP and TPs, which includes a closer in TP1.

Now it is up to the market to decide, which we should know by the time the London market is in full swing, if not before.
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  • #12,320
  • Edited 10:43pm May 3, 2010 10:31pm | Edited 10:43pm
EJ Remider:

The first Weekly chart was posted some days ago. The second is current. Not much change, which is the point. Late last week a number of JPY releases were made. As a group, there were very positive for the yen currency. But, for some "strange" reason the pricing of yen pairs still has not moved in favor of the yen. When considering the inverted Cup & Handle formation that was already formed, the Bear Flag formation of the cup handle, and the positive releases for the yen, you'd think the price of EJ would have started down!

Just a guess, but my bet is the Speculators are sandbagging for a major move down. The longer they keep the oscillating price up, the more "longs" may come in on the price upswings, which will give these price controlling Speculators more "shorts" to add to the positions they are building in advance of the move down.

This is all nothing more than speculation on my part. I may trade bullish moves on the M15, but I will be feeling a lot safer trading the short side of the price oscillations because the start of the drive down could be sudden and dramatic when it comes. Warning: Speculation!
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