Sonic R. System | Page 710 | Forex Factory

Options

Go to
Permalinks
Print Thread

Similar Threads

Sonic R.evolution 95 replies

The System Behind the System, by Merlin Jeffries 16 replies

Old School Sonic System + Other Things 11 replies

Knife system, Vegas 4h system related questions. 4 replies

Would you trade this system? New system #2. 10 replies

Attachments: Sonic R. System
Exit Attachments

Sonic R. System

  • #14,181
  • Aug 16, 2010 5:37pm Aug 16, 2010 5:37pm
Quoting Hunt4pips
Thinking about a long trade in asian session. Interesting chart:

Attachment

Attachment
Your M5 chart shows a spike in trading coinciding with a low. Mine does not. This is an example of how market data "served" to us thru different brokers can be so different. Even current pricing can be different, though not by much under normal market conditions.

At that spike, you ask if it was reflective of a huge order being filled. No. Forex market "volume" does not include the size of trades, but only the number of trades. The fact that a lot of trading occurred at the lows is a factor to consider. And any one of the trades could have been for a very large amount.....we will never know. What we have to consider is when the number of trades spikes vs when they are below normal, and always remember that any trade could be for a single micro mini-lot, while the next could be for 100 lots!
Attached Image(s) (click to enlarge)
Click to Enlarge Name: uj1.jpg Size: 144 KB
Click to Enlarge Name: # 018.gif Size: 26 KB
  • #14,182
  • Aug 16, 2010 6:42pm Aug 16, 2010 6:42pm
Quoting traderathome
Your M5 chart shows a spike in trading coinciding with a low. Mine does not. This is an example of how market data "served" to us thru different brokers can be so different. Even current pricing can be different, though not by much under normal market conditions.

At that spike, you ask if it was reflective of a huge order being filled. No. Forex market "volume" does not include the size of trades, but only the number of trades. The fact that a lot of trading occurred at the lows is a factor to consider. And any one of the trades could have...
Thx for clarification
  • #14,183
  • Aug 16, 2010 8:09pm Aug 16, 2010 8:09pm
Quoting traderathome
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.

simply the best ever
tah, very good
ty

maurizio
  • #14,184
  • Aug 17, 2010 3:21am Aug 17, 2010 3:21am
My 6th SonicR Trade (Live).

Executed Order.
EUR/JPY - Long
Date: 17-Aug-10
Time: FxPro 10:15
Entry: 109.76
SL: 109.16 (-60 pips) (Below HL)
TP: 110.36 (+60 pips) (Near Day Trading Range High RgH)

Current Price: Around 109.76

Reasons:
L-H-HL Wave formation.
Sonic Dragon up.
Price retrace down touch lower band.
Price went Up past Sonic Dragon.
Be careful Recent prices show down trend.
Be careful recent high is 110.20.

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 on analysis.

Thanks,
FB.

Attached Image (click to enlarge)
Click to Enlarge Name: 2010-08-17_Entry6_EURJPY_H4.png Size: 36 KB

Attached Image (click to enlarge)
Click to Enlarge Name: 2010-08-17_Entry6_EURJPY_M15_LH_Long.png Size: 59 KB
  • #14,185
  • Aug 17, 2010 4:09am Aug 17, 2010 4:09am
Quoting foxybunny
My 6th SonicR Trade (Live).

Executed Order.
EUR/JPY - Long
Date: 17-Aug-10
Time: FxPro 10:15
Entry: 109.76
SL: 109.16 (-60 pips) (Below HL)
TP: 110.36 (+60 pips) (Near Day Trading Range High RgH)

Current Price: Around 109.76

Reasons:
L-H-HL Wave formation.
Sonic Dragon up.
Price retrace down touch lower band.
Price went Up past Sonic Dragon.
Be careful Recent prices show down trend.
Be careful recent high is 110.20.

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

I will inform of exit result no matter it is profit or loss....
Same here FB. Let's see what will happen. I'm targeting 110.80 and maybe I close it manually sooner. But it depends on price movement.

Regards,
Basber
Trading methods are designed to put the odds in our favor, not predicting.
  • #14,186
  • Aug 17, 2010 4:32am Aug 17, 2010 4:32am
Quoting traderathome
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!
I had gone long last night, but I'll add with sonicR and I'll add when neckline of the below H&S broke. Targeting 87.80

Regards,
Basber
Attached Image (click to enlarge)
Click to Enlarge Name: uj.gif Size: 32 KB
Trading methods are designed to put the odds in our favor, not predicting.
  • #14,187
  • Aug 17, 2010 5:30am Aug 17, 2010 5:30am
Picture talks itself !!

Let's see what will happen in near future ...

Regards,
Basber
Attached Image (click to enlarge)
Click to Enlarge Name: 019b (added with sonicr).gif Size: 32 KB
Trading methods are designed to put the odds in our favor, not predicting.
  • #14,188
  • Aug 17, 2010 7:46am Aug 17, 2010 7:46am
UJ:

The last M15 candle was very bullish (long lower wick). We may be getting close to a setup long.
Attached Image (click to enlarge)
Click to Enlarge Name: # 019.gif Size: 31 KB
  • #14,189
  • Edited 9:35am Aug 17, 2010 8:37am | Edited 9:35am
GU:

Has a broad EP zone with central pivot at bottom of it. US traders pulled price back up to this area.....

Edit: Added second chart. TP is set below avg range low, but watching for earlier exit if move fades.
Attached Image(s) (click to enlarge)
Click to Enlarge Name: # 020.gif Size: 28 KB
Click to Enlarge Name: # 021.gif Size: 31 KB
  • #14,190
  • Aug 17, 2010 9:57am Aug 17, 2010 9:57am
EU:

US traders are pumping.....the false "Truth", dollar weakness. Yet we see the HL sequence! If the sequence holds, then next pass down thru EP.....
Attached Image (click to enlarge)
Click to Enlarge Name: # 022.gif Size: 32 KB
  • #14,191
  • Aug 17, 2010 10:02am Aug 17, 2010 10:02am
Quoting traderathome
EU:

US traders are pumping.....the false "Truth", dollar weakness. Yet we see the HL sequence! If the sequence holds, then next pass down thru EP.....
There is another point of view for this pair too ...

Regards,
Basber
Attached Image (click to enlarge)
Click to Enlarge Name: eu.gif Size: 20 KB
Trading methods are designed to put the odds in our favor, not predicting.
  • #14,192
  • Edited 11:09am Aug 17, 2010 10:29am | Edited 11:09am
Quoting Basber
There is another point of view for this pair too ...

Regards,
Basber
Yes, of course anything is possible when the PPMs go to work. But another way to view H4 is that PA is sandwiched between the upper whole number Resistance and two lower half numbers down Support. And the M15 shows three failures today at Resistance area.

If the HL sequence holds, and PA drops to EP Zone, my bet is this could be a good short trade, going further than the TP shown (on into tomorrow) and one which will tolerate a very tight SL.

Edit: Added fourth chart M30 showing that AFTER the euro traders started coming to the table and doing a little slide down, they pumped the price a couple of hours. And it was near the end of the pump that heavy trading occurred......just before the highs. Inspected on lower TFs, this increase in trading looks very much like a strong selloff just before the PPMs made the final pump to the session highs. If I were to speculate further, I'd say it looks very much like the entire range between 1.2850 and 1.2900 is the PPMs area for selling. But it would be shear speculation. And, as Basber pointed out, this could go higher. The safest bet would be to not consider shorting this until PA broke the lower half number and moved convincingly down thru the EP Zone.

WARNING: Speculation!
Attached Image(s) (click to enlarge)
Click to Enlarge Name: eu.gif Size: 20 KB
Click to Enlarge Name: # 023.gif Size: 21 KB
Click to Enlarge Name: # 024.gif Size: 35 KB
Click to Enlarge Name: # 025.gif Size: 34 KB
  • #14,193
  • Aug 17, 2010 7:56pm Aug 17, 2010 7:56pm
Quoting foxybunny
My 6th SonicR Trade (Live).

Executed Order.
EUR/JPY - Long
Date: 17-Aug-10
Time: FxPro 10:15
Entry: 109.76
SL: 109.16 (-60 pips) (Below HL)
TP: 110.36 (+60 pips) (Near Day Trading Range High RgH)

Current Price: Around 109.76

Reasons:
L-H-HL Wave formation.
Sonic Dragon up.
Price retrace down touch lower band.
Price went Up past Sonic Dragon.
Be careful Recent prices show down trend.
Be careful recent high is 110.20.

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

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

Final Result.
The above order hit TP: 110.36 (+60 pips)

Attached Image (click to enlarge)
Click to Enlarge Name: 2010-08-17_Exit6_EURJPY_H4.png Size: 35 KB

Attached Image (click to enlarge)
Click to Enlarge Name: 2010-08-17_Exit6_EURJPY_M15_LH_Long.png Size: 62 KB
  • #14,194
  • Aug 17, 2010 8:20pm Aug 17, 2010 8:20pm
Nice trading, foxybunny!


EU Watch, Short Trade Opened:

Yesterday, starting with the asian session, this got a series of pumps (dollar weakness/ false"Truth"), but into the euro session continued to make lower HLs in spite. It became a matter of how long the PPMs would bolster the price while selling.

Today, the asian traders are making no pretense and the price is drifting down. I suspect it is possible they could make a 40+ pip run down out of it and leave it there for the euro traders, who might well pump it back up before their own run down lower. And the US traders? A continuation of whatever run is going on? Or yet another pump and run down?

Anyway, on the chance for a modest initial run down, I have entered short. The TP is tentative, and if price stops short at +30 or +20 I'll take it, close the trade and wait for the pump and next setup.
Attached Image (click to enlarge)
Click to Enlarge Name: # 027.gif Size: 33 KB
  • #14,195
  • Edited 9:11pm Aug 17, 2010 8:59pm | Edited 9:11pm
Quoting traderathome
Nice trading, foxybunny!


EU Watch, Short Trade Opened:

Yesterday, starting with the asian session, this got a series of pumps (dollar weakness/ false"Truth"), but into the euro session continued to make lower HLs in spite. It became a matter of how long the PPMs would bolster the price while selling.

Today, the asian traders are making no pretense and the price is drifting down. I suspect it is possible they could make a 40+ pip run down out of it and leave it there for the euro traders, who might well pump it back up before their own...

Thanks TAH.
The Trading Range you told me help me to target the TP to be just below Trading Range, that help with the last trade.

Looking at EUR/USD Short as well, not gone it yet, waiting for a retracement up to Sonic Dragon, and hopefully can get in around London session if in front of computer. Waiting for it to test 1.2865.

Notice that a few others are setting up like EUR/JPY, AUD/USD, AUD/JPY.
  • #14,196
  • Aug 17, 2010 11:21pm Aug 17, 2010 11:21pm
What do you guys think of this EurGbp short setup? If it were to trigger now would you take it or wait for LO?
Attached Image(s) (click to enlarge)
Click to Enlarge Name: eg 8-17-10 setup.gif Size: 50 KB
Click to Enlarge Name: eg 8-17-10 4h.gif Size: 37 KB
  • #14,197
  • Aug 18, 2010 4:59am Aug 18, 2010 4:59am
Quoting cardinale
What do you guys think of this EurGbp short setup? If it were to trigger now would you take it or wait for LO?
Hi Cardinale,

There is no clear wave on the down move. There are just some little tiny waves that you marked. Bigger the wave, More visible, More people see it, More Effective, less false signals, etc.

The only thing I see on this pair right now, is a double tops that triggered. Nothing else. No SonicR.

Regards,
Basber
Attached Image (click to enlarge)
Click to Enlarge Name: eg.gif Size: 30 KB
Trading methods are designed to put the odds in our favor, not predicting.
  • #14,198
  • Aug 18, 2010 5:27am Aug 18, 2010 5:27am
My 7th SonicR Trade (Live).

Executed Order.
AUD/JPY - Short
Date: 18-Aug-10
Time: FxPro 11:30
Entry: 76.83
SL: 77.33 (-50 pips) (Above LH1)
TP: 76.33 (+50 pips) (Just Below Day Trading Range Low RgL)

Current Price: Around 76.83

Reasons:
H-L-LH1-LL1-LH2 Wave formation.
Sonic Dragon down.
Price retrace up touch lower band.
Price went Down past Sonic Dragon.
This re-entry went in later at LH2 rather than LH1 cause not at computer
earlier on.

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 on analysis.

Thanks,
FB.

Attached Image (click to enlarge)
Click to Enlarge Name: 2010-08-18_Entry7_AUDJPY_H4.png Size: 38 KB

Attached Image (click to enlarge)
Click to Enlarge Name: 2010-08-18_Entry7_AUDJPY_M15_HL_Short.png Size: 55 KB
  • #14,199
  • Aug 18, 2010 6:01am Aug 18, 2010 6:01am
Quoting foxybunny
My 7th SonicR Trade (Live).

Executed Order.
AUD/JPY - Short
Date: 18-Aug-10
Time: FxPro 11:30
Entry: 76.83
SL: 77.33 (-50 pips) (Above LH1)
TP: 76.33 (+50 pips) (Just Below Day Trading Range Low RgL)

Current Price: Around 76.83

Reasons:
H-L-LH1-LL1-LH2 Wave formation.
Sonic Dragon down.
Price retrace up touch lower band.
Price went Down past Sonic Dragon.
This re-entry went in later at LH2 rather than LH1 cause not at computer
earlier on.

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

I will inform of exit result no matter...
Because I don't like re-entries, If I wanted to trade this pair, I would like to enter yesterday (black line) and would've trail it.

Regards,
Basber
Attached Image (click to enlarge)
Click to Enlarge Name: attachment.png Size: 55 KB
Trading methods are designed to put the odds in our favor, not predicting.
  • #14,200
  • Aug 18, 2010 8:39am Aug 18, 2010 8:39am
EU Watch:

And GU, too. These have received the Almighty Pump once again! Now, if this is preparations for another dive, the HL sequence we have is not correct. If PA waffles to create lower HLs, then we may see good short setups. It would be a shame to see PA just rip right back down without doing so, but.....

....let the market decide.
Attached Image(s) (click to enlarge)
Click to Enlarge Name: # 028.gif Size: 28 KB
Click to Enlarge Name: # 029.gif Size: 30 KB
19 traders viewing now