Sonic R. System

The "Big Money Boys" in the US forex market got their attorneys to lobby "our" representatives in Congress to add ridiculous rules affecting the retail trading operations of forex brokers. Now we have reduced access to margin and, forced "FIFO' accounting, and loss of ability to hedge. All these rules are really to give the Big Boys added advantage over us....trying to make the forex market more like the US stock market, where the Big Boys have a HUGE advantage over retail traders.

Fortunately, many brokers simply added "off shore" operations/accounts that their customers can open. These accounts are goverend by rules of the country the off shore operation is at. And no country but the US has been so ruthless against retail traders, by incorporating these ridiculous rules.

Yes, thank God it is legal. No thanks to "our" congressional "representatives", there was a way around this. And our brokers have given it to us. Why is it legal? Well, even the Big Guns use off shore accounts to get around some rules THEY don't like!

The US is no longer a democratic society; it is a "moneycratic" society where those with the money protect each other's interests. The "Thieves of Wall Street, Bank Street, and our senior "representatives" in Congress, that wield their influence over the rest of paid idiots we send there, are NOT looking out for the interests of "the worker bees".

GU:

There is nothing but High Impact releases ahead today!!!! So, where is the price being moved to?

UP!!!!

Why?

So it can be SLAM DUNKED!

(The dotted lines are S&R from Daily)

WARNING: Speculation! (And a lot of it!)

Amen, TAH.

GU Short Initated:

Full screen dotted lines are S&R from Daily. Partial screen dotted is M15 S&R, where SL is placed. TP 1 only, for now. Will see how it goes. May leave some on table if PA gets there.

Have entered light. Suspect PA could pop up a bit during London or early US. If it does, then I can maybe add some higher.

EU Short Initated:

Per attached M15. There is no WAVE on this yet. Early, but GU is already running.

My today's GU trade:
TP 50pips hit.

M30: nice hidden divergence during a retrace to the EMA89


M5: The trade itself

EU:

Look how many humpty dumptys they are putting up on the wall! Geez. It is enough to make one feel the bottom is about to fall out!

Hello every one,
and a big thank you to sonic for his time in showing us his ways and have you started trading full time yet sonic!
Ive been trading this system for a while now with some real great results. but any way I thought I would start to share my set ups / trades

usd jpy long hit stoploss-13 pips

Thanks a lot Traderathome.
Alain1

Hello, I propose a long re-entry with EU. During the news, PA went trough the Dragon and reversed its action. Dragon and EMA are bullish on the 15m & 4h charts. On the 4h the trendlines shows a triangle, in theory continuation will be up.

EU Short Trade Update:

I entered this while GU had already started down, thinking this would too. but as I posted at the time, there was no WAVE at entry! The result? Bad! Later the SL was removed and I am still in the trade, but currently at a nice loss. Actually, I thought GU might suffer additional pumps. It is up from its lows, but never got pumped above EP like EU was. Just have to wait on this one now.

Right on!!!

EU long update : trade already closed, EU hit resistance @ 1.3150 and created a double top

EU Watch:

There is a High Impact US Federal Funds Rate release in about 3.5 hours, after 2 PM EST. This will be after "approved hours" for entering a trade, but the effect on price could be substantial. We can never know for sure.

For now, it is obvious that the professional traders are keeping the price high, and therefore probably milking the highs for all the short trades they can get filled while other traders are still willing to take the long side of them.

This situation might result in a short trade setup later, possibly a SonicR setup, though right now the WAVE is real ragged and any such setup would happen after approved hours.

We are in for an interesting afternoon because all the current action is happening just above the whole number; a good and usual place for preparations for a run south.

I think a sonic short entry comin on GU. GU first did a sonic short, then a retracement to fib 61/78. I wait for a new LH to be marked, then I will put orders

I am in full agreement with you, pipoca.

EU and GU Trades Closed:

EU stopped out for71 pips loss.
GU stopped out for 14 pips profit.

Not a good week so far.
EU was entered without the WAVE....mistake #1.
GU had good profit I let slip away.....mistake #2.

The biggest mistake of all, however, was speculating that the market was shorting ahead of high impact USD releases. I need to stop speculating because it has an insidious way of producing a bias that affects the ability to read PA clearly. One can never know which way the market might move on a release. Based upon data released, the market might move logically, or illogically....there is absolutely no way to know for sure, and we accept that and look out for that. Beyond that, speculating can introduce a dangerous element. (Now, somebody please remind me of this if I go on a speculation spree again in the future!)

Market Overview:

Practically across the board, pairs had a sizeable move yesterday. If Basber were present he might remind us of the wisdom in letting things settle out. He is against trading soon after a big move. That makes trading the asian session a DOUBLE XX today.

USDCHF:

This looks like a SonicR long setup at start of approved hours.

Edit: Added H4 chart. PA has dropped some, but this shows how the half number area is a major S&R area. So, if PA comes up off this support and sets up again for a long trade, it should turn out. Time to wait and see what the market decides to do with this.