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Sonic R. System

  • #14,161
  • Aug 13, 2010 9:08am Aug 13, 2010 9:08am
Quoting traderathome
If you are concerned about "dollar strength", then consider the possibility the run down is very temporary.....just to gain position before the US release?
Thx for the advice TAH
SL is @BE

By the way thx to all contributors, this is a great system. The Problem is the emotional self control regarding greed ,fear ... i have to overcome this

@TAH Your posts are of great value thx
  • #14,162
  • Edited 10:14am Aug 13, 2010 9:23am | Edited 10:14am
UC Long Trade Initiated:

This is NOT SonicR! This is a long entry off support of half number on high relative activity AFTER the price was torpedoed. This is a very small trade, which I intend to close today regardless of outcome.

Edit: Added second pic. On second thought, depending on how rest of day goes, I may keep this.....little gem? There has been a lot more trading at the lows than at the highs today, which has gotta be saying something.......posturing for a big run next week?

WARNING: Speculation!
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  • #14,163
  • Edited 11:33am Aug 13, 2010 10:41am | Edited 11:33am
SoapBox Summary Of This Week:

In the context of many weeks of relentless drives AGAINST dollar strength, this week has exemplified the battle between the TRUTH and the false "Truth".

The forex market price manipulators have continued to whip prices against dollar strength, while building dollar strength positons. Examples have been pointed out all week, and continue even into this day (USDCAD being an obvious example today).

Such is the makings of a TREND REVERSAL, in this case to dollar strength. Yesteday the dollar hit a 15 year low against the Yen. This was not by accident, nor by true relative value, but soley by market price manipulation......as the manipulators engorged on building "long the dollar positions".

WARNING: Speculation!
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  • #14,164
  • Aug 13, 2010 11:27am Aug 13, 2010 11:27am
Quoting Wally1953
Target was reached...+65 piporinios!!!

I used only a ten-pip stoploss, so was able to trade a larger position, so this trade brought home the bacon, as it were.

I've been using Sonic, but I often enter on the 5M or the 1M charts to allow for a small stoploss. It doesn't always work, but in the long run, it may be the ticket. Time will tell.

I'm done for the week! Hope everybody finished the week profitable.

Hi Wally,

Good trade.
Looks similar to the one last night except for time of entry during busier session.

I was curious on how you set the H-L-LH on this trade as there was only like 1-2 bars in the 15min chart between L-LH.
Is this too short a time lapse for it to be identify as L-LH ?
  • #14,165
  • Aug 13, 2010 12:27pm Aug 13, 2010 12:27pm
GU Short Trade Update:

PA still ranging. This trade will again be carried over another week.
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  • #14,166
  • Aug 13, 2010 12:41pm Aug 13, 2010 12:41pm
UJ Long Trade Update:

This new trade today is closed with 40 pips profit. Activity is falling off; presumably traders are closing down already for the weekend. A late afternoon push? Anything is possible, but I'm out.
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  • #14,167
  • Aug 13, 2010 12:46pm Aug 13, 2010 12:46pm
USDCAD Long Trade Closed:

I decided to close this one also, over the weekend. Next week will bring more opportunities. Closed with 35 pips profit.
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  • #14,168
  • Aug 14, 2010 4:31am Aug 14, 2010 4:31am
Quoting foxybunny
Hi Pumlitch,

We all learning.

It is still good to post your charts when you have trades, this is how we learn and participate to improve, and build confidence by sharing.

This is why I start to post more specifics on my trades here.
Additionally with charts, I also say the exact Entry, SL, and TP, then you are able to help remind me of the R:R issue.
If I just drew lines for my EP, SL & TP, as the lines are thick, that would be harder for you to see my R:R issues.

Recently have not seen many senior Sonikers posting, either they are too...
Hi FB,

I was out of town for couple of days. I can see it was a very profitable week for sonicers. I had my profit at the beginning of the week so I decided to took the rest of the week off. It was a very adequate to refresh my mind.

I remember when I started to trade live, I was wishing that market will be open all 7 days of the week. But after few years, it become less atractive, but more lucrative ! At least it was what happened to me now I'll take second half of the week off if I have a good profit on 2 first days. This is why I'm not always here to participate every day, but I'll read every single post here and I'll post if I think my words will be useful to that person.

Anyway, let's catch up with the little absent

Regards,
Basber
Trading methods are designed to put the odds in our favor, not predicting.
  • #14,169
  • Aug 14, 2010 4:46am Aug 14, 2010 4:46am
Quoting foxybunny
My 5th Sonic Trade (Live).

Executed Order.
AUD/USD - Short
Date: 12-Aug-10
Time: FxPro 20:45
Entry: 0.8938
SL: 0.8988 (-50 pips) (Above Recent LH)
TP: 0.8888 (+50 pips) (A bit lower than Trading Range)

Current Price: Around 0.8943

Reasons:
H-L-LH Wave formation.
Sonic Dragon slightly 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.

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

** Please comment...
-- I don't know it this post is replied ... But here's my opinion --

FB, after a while I realized that a very good filter for this method, instead of seeking for entry, is "when to seek for long or short". You're entry is not a very bad one regarding to sonicR classic entries. But as you can see here's some few reason for me to "seek for a long setup" and as you can see a long setup formed and you could've made some pips out of it. Reason are in order of impotance :

1) there is a nice and clear support on H4 and I think you draw it yourself too, but I don't you why you entered short above it. I marked it too.

2) low volume (activity) at high and better activity at the low. Marked on second picutre.

3) previous low didn't broke properly

4) divergence on MACD


I'm working on sonicr Version 4 manual. It'll be much more easier and more effective

Regards,
Basber
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Trading methods are designed to put the odds in our favor, not predicting.
  • #14,170
  • Aug 14, 2010 7:20am Aug 14, 2010 7:20am
Quoting traderathome
If you are concerned about "dollar strength", then consider the possibility the run down is very temporary.....just to gain position before the US release?
You were absolutely right TAH, but my broker showed bad volume data. I hadnt take the short trade. Look at the attached pictures and compare between my broker and fxdd. I have to change the broker i think. Any explanation?

Some words and question regarding price manipulation in usd/cad pair. The last days all pairs weakend against the dollar beside the canadian (and yen). So why they manipulated the price and drove the pair down? I guess the price was at a very high point that it wouldnt be lukrative to buy!? Are the big boys building long positions while driving the pair down? How does it work? They have to go short and long at the same time? Are there any sources regarding price manipulation? Thx

MY BROKER
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FXDD
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  • #14,171
  • Aug 14, 2010 10:10am Aug 14, 2010 10:10am
Quoting foxybunny
Hi Wally,

Good trade.
Looks similar to the one last night except for time of entry during busier session.

I was curious on how you set the H-L-LH on this trade as there was only like 1-2 bars in the 15min chart between L-LH.
Is this too short a time lapse for it to be identify as L-LH ?
Some may question this, yes. But every setup is unique, and may not always have that Sonic "textbook" appearance that we are familiar with. This was still a H-L-LH, but there was a lot of momentum so things were happening faster. And momentum is what I'm looking for so, for me personally, it was worth the risk.
"Be the change that you wish to see in the world." --Gandhi
  • #14,172
  • Aug 15, 2010 8:41am Aug 15, 2010 8:41am
Quoting Basber
Hi FB,

I was out of town for couple of days. I can see it was a very profitable week for sonicers. I had my profit at the beginning of the week so I decided to took the rest of the week off. It was a very adequate to refresh my mind.

I remember when I started to trade live, I was wishing that market will be open all 7 days of the week. But after few years, it become less atractive, but more lucrative ! At least it was what happened to me now I'll take second half of the week off if I have a good profit on 2 first days. This is why I'm not...

Hi Basber,

Welcome back and hope you had an enjoyable trip.

I don't wish to trade 7 days!
I want to trade first 2 days of the week and be done for the week with good profit as well.

Currently I do avoid Mondays as it was not a good day based on my past results. So it may take me 3 days instead.


Cheers,
FB.
  • #14,173
  • Aug 15, 2010 9:04am Aug 15, 2010 9:04am
Quoting Basber
-- I don't know it this post is replied ... But here's my opinion --

FB, after a while I realized that a very good filter for this method, instead of seeking for entry, is "when to seek for long or short". You're entry is not a very bad one regarding to sonicR classic entries. But as you can see here's some few reason for me to "seek for a long setup" and as you can see a long setup formed and you could've made some pips out of it. Reason are in order of impotance :

1) there is a nice and clear support on H4 and I think you draw it yourself...

Hi Basber,

Much appreciated for your analysis.

Agreed with you the main key is to know the direction whether to "enter long" or to "enter short".
This is a major part I still need improving, this is why I am trialing out this Wave H-L formation from SonicR.

If I can get the direction right, it will definitely improve my trading with a huge impact.
Any guidelines from you on how to get this direction more right than wrong?

The 4-Hr chart is included because I recalled that "ddaytrader" and "Sonicdeejay" requested we include this 4-Hr with with our analysis.

I have not yet interpret the 4-Hr chart or Support/Resistance lines with my actual trades. Still need guidance on how to use this?

Don't understand your below point 2).
How do you see this and utilise this info?

2) low volume (activity) at high and better activity at the low. Marked on second picutre.


Looking forward to your easier and effective SonicR V4 Manual.

Regards,
FB
  • #14,174
  • Edited 3:04pm Aug 15, 2010 2:47pm | Edited 3:04pm
Quoting Hunt4pips
You were absolutely right TAH, but my broker showed bad volume data. I hadnt take the short trade. Look at the attached pictures and compare between my broker and fxdd. I have to change the broker i think. Any explanation?

Some words and question regarding price manipulation in usd/cad pair. The last days all pairs weakend against the dollar beside the canadian (and yen). So why they manipulated the price and drove the pair down? I guess the price was at a very high point that it wouldnt be lukrative to buy!? Are the big boys building long positions...
Consider any pair USD/X, where the candles climb during a "dollar strength" move. How do well monied professional trading outfits manipulate price, in this case DOWN, in order to go long at a more favorable lower price?

This is speculation on my part because I have not yet found any information disclosing how they do it. I suppose such information is not what they want to become "common knowledge".

OK. I imagine they first place a buy order at the lowest price which they intend to drive the price down to......a single order for perhaps a VERY LARGE AMOUNT. Next comes the task of getting the price to hit that order price, so the order can get filled. Between that order price and the current price are many levels. At each level there are buy orders sitting and there are sell orders sitting. Any imbalance (more sells than buys, or visa versa) is what the manipulators must deal with. To move the price past any level, they must take the opposite side of the imbalance. At some levels they will be buyers and at some they will be sellers.....all the way down to their desired level. But what they buy at one level, they can sell at another. And what they sell at one level, they can buy at another. So, when they reach their desired level, they might not be much of a "net buyer, or net seller". And on all the buying and selling on the way down, they might have only lost a pip or two per trade!

And when they reach their desired price, that humongous order hits and gets filled.....that is their "money in the bank" play, making any net loss on the move down pale in comparision to what they are going to make!

All this takes is money and the visibility as to the size of all the buy and sell orders at each level between the current price and the target price of the drive down, and a computer program that instantly calculates how much money it will take to settle the impalance at each level and how much net loss they will incur trading off those imbalances all the way down to the bottom. With such a program, they can instantly see how far down they can afford to take the price. They make their decision, place their buy order down at that price, and then execute the drive down with special order placing software that instantly settles the imbalance at every level hit on the way down.
  • #14,175
  • Aug 15, 2010 3:58pm Aug 15, 2010 3:58pm
Quoting traderathome
Consider any pair USD/X, where the candles climb during a "dollar strength" move. How do well monied professional trading outfits manipulate price, in this case DOWN, in order to go long at a more favorable lower price?

This is speculation on my part because I have not yet found any information disclosing how they do it. I suppose such information is not what they want to become "common knowledge".....
Thanks for the detailed explanation TAH. Really interesting stuff. I wish you a good trading week with many pips!
  • #14,176
  • Aug 16, 2010 9:12am Aug 16, 2010 9:12am
Quoting traderathome
Consider any pair USD/X, where the candles climb during a "dollar strength" move. How do well monied professional trading outfits manipulate price, in this case DOWN, in order to go long at a more favorable lower price?

This is speculation on my part because I have not yet found any information disclosing how they do it. I suppose such information is not what they want to become "common knowledge".

OK. I imagine they first place a buy order at the lowest price which they intend to drive the price down to......a single order for perhaps a...
I think you are competely right with your theory. Even if it is a little bit different it is also quite clear to me that the prices are manipulated after 6 months of trading.
BUT...unfortunately these guys are part of the market too and we have to deal with them or have to quit completely. Seems like we need to have a "counter"-program-indicator - with a manipulation alert.
  • #14,177
  • Edited 5:17pm Aug 16, 2010 4:55pm | Edited 5:17pm
GU:

The first session of the week was used to pump the price back up....spreading the false "Truth" again.

First the asian session traders slid it down a bit to prepare for their pump, then they pumped it all the way to the London Open.

The London Open traders did their own magnificent slide down, then reversed direction, driving price even higher.

Then came the US Open traders, who managed their little slide and reversal pump to the high of the day!

.....fun and games for all! But what is next?.........

Look at the H4 attached. These multiple swings, ultimately taking the price above the high on Friday, is just the "Professional Price Manipulators" reclaiming the "high ground" for more shorting.....the REAL TRUTH!

The whole number above the current price is the immediate Resistance, and it looks likely that the fourth half number below the current price is a target, though not to be reached in just one day. The black lines are a "PA forcast", and show that maybe until at least the London Open today, the PA will actually be re-pumped....giving more of the manipulators a crack at shorting at the highs.

Look at the M15 attached. The FR study is to measure any "re-pump"....all the way to the previous high, or maybe even higher to the FR 127% level before they start slamming it down again?

Tuesday will be an interesting day.

WARNING: Speculation!
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  • #14,178
  • Edited 5:18pm Aug 16, 2010 5:02pm | Edited 5:18pm
Quoting CandleStar
I think you are competely right with your theory. Even if it is a little bit different it is also quite clear to me that the prices are manipulated after 6 months of trading.
BUT...unfortunately these guys are part of the market too and we have to deal with them or have to quit completely. Seems like we need to have a "counter"-program-indicator - with a manipulation alert.
Yes, these PPMs (Professional Price Manipulators....shall we tag them with this new name?) can truely mess up a nice looking setup. But, when it comes right down to it, they create the market volatility we need for good trading. Even on days when there is absolutely no reason for the price to move, just knowing these PPMs are going to move it in order to make money, gives us the price movements to do so also, or to set up to do so.
  • #14,179
  • Aug 16, 2010 5:14pm Aug 16, 2010 5:14pm
UJ:

As with GU, the first day of trading this week seems to have served only one purpose....to reset the price low for better "long the dollar" position acquistions.

The H4 chart attached sure makes it look like the price will next be traded back upwards.

The M15 right now looks to be preparing for such. But if there is an asian session breakout upwards, the central pivot area looks probable for a reversal back down so the euro traders can also get in low before any substantial run up.

WARNING: Speculation!
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  • #14,180
  • Aug 16, 2010 5:20pm Aug 16, 2010 5:20pm
Thinking about a long trade in asian session. Interesting chart:

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