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Sonic R. System

  • #14,101
  • Aug 11, 2010 8:52am Aug 11, 2010 8:52am
The Dollar VS The Manipulators!:

Yesterday and today we have seen amazing moves on various pairs. The moves have been against dollar strength, but which were later countermanded. This of course, makes it look like the forex market price manipulators simply made the move against dollar strength as a means of creating the market liquidity they needed to go long the dollar. Driving the prices against the dollar increased liquidiity by liquidating the positions of traders that had SLs that were too tight, or that had trades too large for their accounts! This increased liquidity in the market enabled the manipulators to take on more dollar long positions. The drive also enabled the manipulators to take on more dollar long positons as other traders went short the dollar, thinking the moves were genuine!

UJ is an example of this process still in the works. Yesterday the manipulators drove the price hard against the dollar. And, unlike EU and GU, today too the manipulators kept the "anti-dollar" pressure going right on into the London market. But, with the US market, the rebound has begun. Lots of "dollar long" traders have lost their money! Lots of UJ shorters have come to the party! Both situations have enabled the manipulators to gorge themselves on going "dollar long" with this one.

The forex market price manipulators have been promoting the false "truth" of "dollar weakness" as the prices of various pairs have been relentlessly driven in that direction for weeks now. However, we are now seeing the signs of the REAL truth.

WARNING: Speculation!

Edit: And even as I posted this, CNBC flashed a "Market Alert!"......."Dollar hits 15-year low vs Yen." Geez! These forex market price manipulators know EXACTLY what they are doing! I ask you, based on "Buy low, sell high", what better time is there to be going "dollar long"?
Attached Image (click to enlarge)
Click to Enlarge Name: # 982.gif Size: 28 KB
  • #14,102
  • Aug 11, 2010 9:08am Aug 11, 2010 9:08am
Quoting traderathome
On MT4 the zig zag lines are individual separate lines drawn with the "/" TrendLine Tool (be sure "Draw as Ray Line" is unchecked in Properties for the first line you draw....go back after drawing line if it turns out as a Ray (goes to border of chart) and uncheck this item. Thereafter, all lines drawn with "/" will not be ray lines. And you can always change any line back to a ray line by opening Properties for the line and checking the "Ray" item.

The labels ("H", "L", etc.) are drawn with the "A" Text Tool.

These icons, "/"...
OK, did not know about the "Ray" property can shorten the line.

Thanks TAH.
  • #14,103
  • Aug 11, 2010 9:24am Aug 11, 2010 9:24am
Quoting traderathome
You are watching for HL sequences for both entry and re-entry trades. Congrats!

Tecnically, it looks like you could have entered maybe about 10 pips higher, but still OK as is normally. But at the time you entered, the price had already exceeded average range, so being conservative on re-entry (entering at lower price) might have left you entering short near bottom of the day's PA! As it is going now, you were saved by this becoming a range breaking day.

Hi TAH,

Still trying to understand when is it an "Entry" versus "Re-Entry"?

I was not aware of average range, not something I monitor.
Any indicator for this?

Would you mind comment on my post #14087 of EUR/USD scenario (1) and (2) before it play out ?
I really appreciate how you would have read this at that point of time.

Thanks,
FB.
  • #14,104
  • Aug 11, 2010 9:39am Aug 11, 2010 9:39am
Quoting traderathome
The Dollar VS The Manipulators!:

Yesterday and today we have seen amazing moves on various pairs. The moves have been against dollar strength, but which were later countermanded. This of course, makes it look like the forex market price manipulators simply made the move against dollar strength as a means of creating the market liquidity they needed to go long the dollar. Driving the prices against the dollar increased liquidiity by liquidating the positions of traders that had SLs that were too tight, or that had trades too large for their accounts!...
The Dollar VS The Manipulators!:

Oh, and here is another CNBC headline......"Japan is worse off than US."

Now, if this is the case, then why have both EJ and UJ been driven so low? One answer to this is that the forex market price manipulators have, in a frenzied fit for profits stemming from uncontrolled greed, driven pairs hard in the direction opposite the "truth". They are liquidating other traders trades, and in some cases most of their entire accounts, grabbing up trades OPPOSITE to the direction they have driven the price!

The attached EJ chart with the study of the volume of trades shows high density trading, where? ..........AT THE LOWS! And keep in mind that forex "volume" is only the count of individual trades, NOT THEIR SIZE!!!!!!! So, any one of these trades at the very lows could be for a humongous sum of money....maybe more than all the others COMBINED!
Attached Image (click to enlarge)
Click to Enlarge Name: # 983.gif Size: 33 KB
  • #14,105
  • Edited 10:54am Aug 11, 2010 10:01am | Edited 10:54am
Quoting foxybunny
Hi TAH,

Still trying to understand when is it an "Entry" versus "Re-Entry"?

I was not aware of average range, not something I monitor.
Any indicator for this?

Would you mind comment on my post #14087 of EUR/USD scenario (1) and (2) before it play out ?
I really appreciate how you would have read this at that point of time.

Thanks,
FB.
An "entry" is where PA breaks out thru the EP Zone created when PA first exits the Dragon and stops and pulls back a bit before making the breakout. As long as a "run" has not started, or if there was a "false start", there can be trips back into the Dragon and back out to make a new EP. A "re-entry" seldom has PA coming thru the Dragon and out, stopping to create an EP Zone, and then pulling back a bit before breaking out. Instead, during a run already proceeding, PA may pull back into the Dragon, or towards the Dragon, and then proceeds in the direction of the run. And in this case, the re-entry can be anywhere between aggressive (at or in the Dragon) and conservative (when PA breaks previous extreme in the run).

The range lines are part of the template/indys here, http://www.forexfactory.com/showpost...ostcount=12483.

Situation #1, higher lows, never panned out.....never resulted in an EP breakout above the Dragon.
Situation #2, lower highs, did pan out.....when PA broke down thru "L".

But the real HL sequence, certainly visible as PA was driving down thru the Dragon, was......
Attached Image (click to enlarge)
Click to Enlarge Name: # 984.gif Size: 28 KB
  • #14,106
  • Aug 11, 2010 11:01am Aug 11, 2010 11:01am
EU Short Trade Closed:

What with the excessive run already today, I felt it best to take profit. Closed trade with 65 pips profit.....not much for being stuck for a few weeks, but better than a loss.
Attached Image (click to enlarge)
Click to Enlarge Name: # 985.gif Size: 30 KB
  • #14,107
  • Aug 11, 2010 6:38pm Aug 11, 2010 6:38pm
Dear all Sonicker Senior,

I have a doubted in EP (entry point). yesterday I was watching Ucad on M15. Attached the chart.

Which the valid EP ?

Since if I see sample of trade taken by Sonicdejay EP is the first candle that break the sonic dragon line. But when we see EP2, the price gone too far.

http://i35.tinypic.com/6gka3r.gif

my next question, the candle should close below or upper the sonic dragon line or just need to make low or high for the first time ? attached the picture.

http://i38.tinypic.com/347ilwi.gif

I also a bit confuse do the wave analysis. When I start drag the line it is when the first time candle across the sonic dragon line or can take when price still far away from the price. and also can I point the high or low in separate like in attached the chart.

http://i35.tinypic.com/nxc8g.jpg


Thanks a lot for help.
  • #14,108
  • Aug 11, 2010 11:44pm Aug 11, 2010 11:44pm
Quoting foxybunny
Hi Sonikers,

My 1st Sonic Trade (Live).

Executed Order.
AUD/USD - Short
Date: 11-Aug-10
Time: FxPro 15:30
Entry: 0.9022
SL: 0.9072 (-50 pips) (Above Recent LH)
TP: 0.8972 (+50 pips) (To get same as Stop Loss)

Current Price: Around 0.9023

Reasons:
H-L-LH Wave formation.
Sonic Dragon slope down.
Recent prices show down trend.
Price retrace up to Sonic Dragon.
Price went down past Sonic Dragon.

Attached:
H4 chart for Support & Resistance
M15 Entry, SL, TP (TP not shown as price not seen)

I will inform of exit result no matter it is profit...

Final Result.
The above order hit TP: 0.8972 (+50 pips).


Attached Image (click to enlarge)
Click to Enlarge Name: 2010-08-11_Exit1_AUDUSD_H4.png Size: 32 KB

Attached Image (click to enlarge)
Click to Enlarge Name: 2010-08-11_Exit1_AUDUSD_M15_HL_Short.png Size: 46 KB
  • #14,109
  • Aug 11, 2010 11:51pm Aug 11, 2010 11:51pm
Quoting foxybunny
Hi Sonikers,

My 2nd Sonic Trade (Live).

Wait Order (Time Limit 2hr).
NZD/USD - Short
Date: 11-Aug-10
Time: FxPro 15:45
Entry: 0.7166
SL: 0.7226 (-60 pips) (Above Recent LH)
TP: 0.7116 (+50 pips) (A bit less than Stop Loss due to 0.7100)

Current Price: Around 0.7177

Reasons:
H-L-LH Wave formation.
Sonic Dragon slope down.
Recent prices show down trend.
Price retrace up Above Sonic Dragon.
Price went down past Sonic Dragon.

Attached:
H4 chart for Support & Resistance
M15 Entry, SL, TP (TP not shown as price not seen)

I will inform of...

Executed Order.
Final Result.
The above order hit TP: 0.7116 (+50 pips)

Attached Image (click to enlarge)
Click to Enlarge Name: 2010-08-11_Exit2_NZDUSD_H4.png Size: 37 KB

Attached Image (click to enlarge)
Click to Enlarge Name: 2010-08-11_Exit2_NZDUSD_M15_HL_Short.png Size: 48 KB
  • #14,110
  • Aug 12, 2010 12:01am Aug 12, 2010 12:01am
Quoting foxybunny
Hi Sonikers,

My 3rd Sonic Trade (Live).

Executed Order.
USD/CHF - Long
Date: 11-Aug-10
Time: FxPro 16:00
Entry: 1.0543
SL: 1.0483 (-60 pips) (Below Recent HL)
TP: 1.0593 (+50 pips) (A bit less than Stop Loss due to 1.0600)

Current Price: Around 1.0537
Reasons:
L-H-HL Wave formation.
Sonic Dragon slope up, but at time of entry slope a bit down.
Recent prices show up trend.
Price retrace down Below Sonic Dragon.
Price went up above Sonic Dragon.

Attached:
H4 chart for Support & Resistance
M15 Entry, SL, TP.

I will inform of exit result...

Final Result.
The above order hit TP: 1.0593 (+50 pips).

This result came very fast, about 1-hr after entry.

Attached Image (click to enlarge)
Click to Enlarge Name: 2010-08-11_Exit3_USDCHF_H4.png Size: 31 KB

Attached Image (click to enlarge)
Click to Enlarge Name: 2010-08-11_Exit3_USDCHF_M15_LH_Long.png Size: 49 KB
  • #14,111
  • Aug 12, 2010 12:06am Aug 12, 2010 12:06am
Quoting traderathome
An "entry" is where PA breaks out thru the EP Zone created when PA first exits the Dragon and stops and pulls back a bit before making the breakout. As long as a "run" has not started, or if there was a "false start", there can be trips back into the Dragon and back out to make a new EP. A "re-entry" seldom has PA coming thru the Dragon and out, stopping to create an EP Zone, and then pulling back a bit before breaking out. Instead, during a run already proceeding, PA may pull back into the Dragon, or towards the Dragon, and then proceeds...

Hi TAH,

Thanks for your explanation.

Regarding the Trading Range Indicator, could not recall seeing posts on how it is used for SonicR trades.
Mostly saw posts relating to Support & Resistance.

Would you please explain how you use Trading Range to enter and manage your trades?

Cheers,
FB.
  • #14,112
  • Aug 12, 2010 1:19am Aug 12, 2010 1:19am
FOXYBUNNY:
Hi,
regarding your money management. To me it looks pretty risky to have SL 60 pips and PT 50 pips. It means your RRR in such case is 1.2:1. I would never start a trade if RRR is below 1:1.5 because my fruitfulness is around 50%. So, if I have loss : win = 1:1, I am still in profit. If I trade with RRR 1.2:1 I would have permanent loss.
If you are experienced and able to profit with that MM, forget what I say
Follow my trading on Twitter and FB: @pumlitch
  • #14,113
  • Edited 1:41am Aug 12, 2010 1:31am | Edited 1:41am
GU:

May be moving towards a setup short.

Edit: Added chart. PA thrue EP Zone.
Attached Image(s) (click to enlarge)
Click to Enlarge Name: # 986.gif Size: 30 KB
Click to Enlarge Name: # 987.gif Size: 30 KB
  • #14,114
  • Aug 12, 2010 1:34am Aug 12, 2010 1:34am
Quoting foxybunny
Hi TAH,

Thanks for your explanation.

Regarding the Trading Range Indicator, could not recall seeing posts on how it is used for SonicR trades.
Mostly saw posts relating to Support & Resistance.

Would you please explain how you use Trading Range to enter and manage your trades?

Cheers,
FB.
The RgH and RgL lines are for "reference" only. While PA is within the average range, they show how far in either direction PA can go before reaching the limits of the average range. Once PA exceeds the average range, they "lock in" at the average range so you can see the PA run beyond that range. As a reference, they can be handy in setting TP(s) that are realistic for within the days session.
  • #14,115
  • Aug 12, 2010 1:52am Aug 12, 2010 1:52am
Quoting traderathome
The RgH and RgL lines are for "reference" only. While PA is within the average range, they show how far in either direction PA can go before reaching the limits of the average range. Once PA exceeds the average range, they "lock in" at the average range so you can see the PA run beyond that range. As a reference, they can be handy in setting TP(s) that are realistic for within the days session.

OK, will trial Trading Range out.
Right now, trialing the #SpudFibo_v2.
Thanks TAH.
  • #14,116
  • Edited 2:32am Aug 12, 2010 2:01am | Edited 2:32am
UJ:

We are back to the "Dollar VS Manipulators" on this one again. Price was too high when the asian session handed over to the London Open gangs. So price was promptly driven back down 62% of the asian session run!

This could be a candidate for a long setup sometime today. Lets see if we get a HL sequence to support that. Meanwhile, it looks like the London traders are pouring on the trades now that they lowered the price for themselves.

Edit: Updated chart. The London traders have taken the price to the bottom of what appears to be a pivotal zone, where the trading is now running above average. So this is looking like a "I think I'll take the price lower, so I can go long the dollar cheap!" kind of price manipulation by the Big Boys across the pond.

WARNING: Speculatiion!
Attached Image (click to enlarge)
Click to Enlarge Name: # 989.gif Size: 42 KB
  • #14,117
  • Aug 12, 2010 2:12am Aug 12, 2010 2:12am
Quoting Pumlitch
FOXYBUNNY:
Hi,
regarding your money management. To me it looks pretty risky to have SL 60 pips and PT 50 pips. It means your RRR in such case is 1.2:1. I would never start a trade if RRR is below 1:1.5 because my fruitfulness is around 50%. So, if I have loss : win = 1:1, I am still in profit. If I trade with RRR 1.2:1 I would have permanent loss.
If you are experienced and able to profit with that MM, forget what I say
Hi Pumlitch,

Agree with you on having a good positive Risk:Reward and good money management.

So far in my past trades when I tend to go for more pips, eg. More Greedy, the trades end up missing the TP by just a few pips and reversed to hit SL. That is very frustrating.

Right now, still difficult for me to pinpoint entries and exit with good R:R.
This is a skill I want to develop.

My objective in this thread is also to enter SonicR trades with a low Initial Stop Loss(eg. less than 40pips), have to develop on this as well.

For me, a 10-20pip difference like 60:50 is still OK and manageable.

In the past I have many trades where normal risk is 80pips, reward is 80pips.
And then became risk 80pips and reward is 40pips.
Also common for me to have Risk is 150-pips or more, and Reward 150-pips or more, but harder to get this type of higher reward consistently.

When you have some good R:R entries coming up, please post your charts so we can learn.

Cheers,
FB.
  • #14,118
  • Aug 12, 2010 2:25am Aug 12, 2010 2:25am
Quoting foxybunny
Hi Pumlitch,

Agree with you on having a good positive Risk:Reward and good money management.

So far in my past trades when I tend to go for more pips, eg. More Greedy, the trades end up missing the TP by just a few pips and reversed to hit SL. That is very frustrating.

Right now, still difficult for me to pinpoint entries and exit with good R:R.
This is a skill I want to develop.

My objective in this thread is also to enter SonicR trades with a low Initial Stop Loss(eg. less than 40pips), have to develop on this as well.

"When you have...
"When you have some good R:R entries coming up, please post your charts so we can learn." - foxbunny

Well, this one looks pretty good.
Attached Image (click to enlarge)
Click to Enlarge Name: # 990.gif Size: 32 KB
  • #14,119
  • Aug 12, 2010 2:31am Aug 12, 2010 2:31am
Quoting foxybunny
Hi Pumlitch,

Agree with you on having a good positive Risk:Reward and good money management.

So far in my past trades when I tend to go for more pips, eg. More Greedy, the trades end up missing the TP by just a few pips and reversed to hit SL. That is very frustrating.

Right now, still difficult for me to pinpoint entries and exit with good R:R.
This is a skill I want to develop.

My objective in this thread is also to enter SonicR trades with a low Initial Stop Loss(eg. less than 40pips), have to develop on this as well.

For me, a 10-20pip...
Thank for your confidence in me but believe me if I say that I am not the right one who can teach people here as I am still a rookie
I just share what I know and what I learned here and all around forex.
To be honest, there is not much of exemplary trades in my pocket to share.
TAH, Basber and a few other guys......watch them at work.
Follow my trading on Twitter and FB: @pumlitch
  • #14,120
  • Aug 12, 2010 2:33am Aug 12, 2010 2:33am
Quoting traderathome
"When you have some good R:R entries coming up, please post your charts so we can learn." - foxbunny

Well, this one looks pretty good.

Hi TAH,

For this, what would be you Entry, SL, and TP ?

It is a bit late for me to get in. Also I am going out soon, so cannot monitor.

This above trade, my risk would still be around 90-pips when I put SL at either of the two recent highs.

Cheers,
FB.
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