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Sonic R. System

  • #14,601
  • Sep 23, 2010 3:52am Sep 23, 2010 3:52am
GU Short Trade Initated:

GU gave us a WAVE. EU did not.
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  • #14,602
  • Sep 23, 2010 6:23am Sep 23, 2010 6:23am
sideways movement very cautious would wait for breakout before considering buy or sell,usually breaks out in direction of trend.fudamental announcement may clear this mess up
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  • #14,603
  • Sep 23, 2010 10:02am Sep 23, 2010 10:02am
Quoting fxbullseye
sideways movement very cautious would wait for breakout before considering buy or sell,usually breaks out in direction of trend.fudamental announcement may clear this mess up
It looks like the bulls won that battle, and also closed above figure (1.2700) on a hourly chart,looks good for the bulls.
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  • #14,604
  • Sep 23, 2010 1:19pm Sep 23, 2010 1:19pm
Quoting fxbullseye
It looks like the bulls won that battle, and also closed above figure (1.2700) on a hourly chart,looks good for the bulls.
".....on a hourly chart,looks good for the bulls."

Wait. Not so fast with that. PPMs are infamous for final drives to/past previous price extremes as part of their preparations for a reversal move. So, all the consolidation might have been conversion of longs to shorts, and this spike up might be just a head fake, with two purposes. One, it liquidates other traders short positions that had too tight a SL. This liquidation effectively allows PPMs to get their shorts filled. Two, such spikes might encourage other traders to open long positions, which also creates liquidity allowing PPMs to get their shorts filled.
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  • #14,605
  • Sep 23, 2010 1:41pm Sep 23, 2010 1:41pm
Quoting traderathome
".....on a hourly chart,looks good for the bulls."

Wait. Not so fast with that. PPMs are infamous for final drives to/past previous price extremes as part of their preparations for a reversal move. So, all the consolidation might have been conversion of longs to shorts, and this spike up might be just a head fake, with two purposes. One, it liquidates other traders short positions that had too tight a SL. This liquidation effectively allows PPMs to get their shorts filled. Two, such spikes might encourage other traders to open long positions,...
I agree with that. price should have took off already.and would have like for it to close above this level of resistance.lets see what the market decides to do
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  • #14,606
  • Sep 23, 2010 1:53pm Sep 23, 2010 1:53pm
Quoting traderathome
".....on a hourly chart,looks good for the bulls."

Wait. Not so fast with that. PPMs are infamous for final drives to/past previous price extremes as part of their preparations for a reversal move. So, all the consolidation might have been conversion of longs to shorts, and this spike up might be just a head fake, with two purposes. One, it liquidates other traders short positions that had too tight a SL. This liquidation effectively allows PPMs to get their shorts filled. Two, such spikes might encourage other traders to open long positions,...
GU:

This may be indicative of a reversal now.
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  • #14,607
  • Sep 24, 2010 12:54am Sep 24, 2010 12:54am
Quoting traderathome
GU:

This may be indicative of a reversal now.
I kept on looking for reasons for a reversal. I am a technichal trader,I trust the fibs and larger time frames like the daily,weekly,monthly.And i found reasons that supports your analisys.on the monthly chart, I pulled fibs from the most resent bounce off of support becoming resistance down swing and it retraced to the 61.8 almost to the pip and bouced off of that fib level, wich we also get a convergence of support becoming resistance.then i went down to the daily chart and pulled fibs off of the 61.8 bounce on monthly and it also retraced to the 61.8 fib level and it is finding resistance there.So I think that you are correct on the analasys of a reversal,I posted charts so you can see what I am talking about. Your explanation for the reason why it was in consolidation and the false break out created by the ppms is something that I would like to learn more about.Is there a e-book on that subject,if so can you tell me where i could find it.(LETS SEE WHAT THE MARKET DECIDES TO DO)
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  • #14,608
  • Sep 24, 2010 1:12am Sep 24, 2010 1:12am
Intraday is up. and does it mean that I should long above "C"?
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  • #14,609
  • Sep 24, 2010 2:38am Sep 24, 2010 2:38am
I'm Waithing for gbpusd long setup
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  • #14,610
  • Edited 6:06am Sep 24, 2010 5:21am | Edited 6:06am
I went short with USDJPY

EP 84.54
SL 84.78
TP1 84.30 : hit
TP2 84

SL @ 84.50 now

Edit : close trade @ 84.37, there is some news ahead & USD (EUR, CHF) looks reversing is move for now
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  • #14,611
  • Sep 24, 2010 6:09am Sep 24, 2010 6:09am
Quoting in the makin
Have a great one.
hello, like the idea to use SonicR at higher TF (1h, 4h & daily). I have observed that if there is a Sonic entry on the 15m & daily or 4h, the move is stronger.
  • #14,612
  • Edited 7:01am Sep 24, 2010 6:21am | Edited 7:01am
Quoting fxbullseye
I kept on looking for reasons for a reversal. I am a technichal trader,I trust the fibs and larger time frames like the daily,weekly,monthly.And i found reasons that supports your analisys.on the monthly chart, I pulled fibs from the most resent bounce off of support becoming resistance down swing and it retraced to the 61.8 almost to the pip and bouced off of that fib level, wich we also get a convergence of support becoming resistance.then i went down to the daily chart and pulled fibs off of the 61.8 bounce on monthly and it also retraced to...
I don't know of any books on the subject, though here and there you may find casual mention of "Pump and Dump", or "BARF".......primarily in material on the US stock market. But those methods of manipulating price are not unique to the stock market. And since the "Thieves of Wall Street" have so stunk up their own back yard that a lot of people will not play there anymore, I am convinced more of those thieive are coming over to the forex back yard.....stinking it up more and more as time goes on.

But basically it is psycology at work. The PPMs....this is not an "Official" title, but just one of the less derogatory names for them that I am using of late......are greedy, GREEDY, .....GREEDY! So, you can count on them pulling stunts like this before they know the price will begin a substantial move in the reverse direction. Sometimes we get a spike and then a strong reverse move. But sometimes the spikes are repeated over time before any reversal. I don't know, but maybe that happens because all the segments of the market (asian, euro, London, US) want a crack at the price extremes, and maybe more than once (!) before there is unanimous agreement on the reversal. But that hints at collusion, so I won't go further with it. But unilaterally, or with collusion, it is GREED AT WORK.

Central Banks aside, there are hedge funds out there (Soros, etc.) with literally billions of dollars at their disposal. They can make the price go where they want it, when they want it to. So spikes are not indicative of any real or imagined relative value between pair components. They are price manipulation, pure and simple, caused by trading outfits that have the money to make the spikes, and make quick & easy money for themselves.

Price is in an area previously popular for consolidation. And by the TL on the Daily chart, we are not "out of the woods" yet. This could drag on thru next week with another 100+ pips upwards. Of course if this happens, PA will actually be whipsawing back and forth thru the week; periodically hitting SLs on shorts and coaxing longs in....all to help the PPMs fill their short positions goal.

WARNING: Speculation!
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  • #14,613
  • Sep 24, 2010 7:32am Sep 24, 2010 7:32am
Quoting pipoca
hello, like the idea to use SonicR at higher TF (1h, 4h & daily). I have observed that if there is a Sonic entry on the 15m & daily or 4h, the move is stronger.
It is with this in mind (using H1 or M30 for trade/confrimation of M15) that I have added H1 and M30 settings to the indicator for the Dragon and the Trend. Should you want the Dragon and Trend to appear on H1 and M30 as it appears on M15, you can now do so by setting "AutoAdjust" button to "true". The charts below illustrate.
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  • #14,614
  • Sep 24, 2010 7:33am Sep 24, 2010 7:33am
Quoting traderathome
I don't know of any books on the subject, though here and there you may find casual mention of "Pump and Dump", or "BARF".......primarily in material on the US stock market. But those methods of manipulating price are not unique to the stock market. And since the "Thieves of Wall Street" have so stunk up their own back yard that a lot of people will not play there anymore, I am convinced more of those thieive are coming over to the forex back yard.....stinking it up more and more as time goes on.

But basically it is psycology at work. The...
I appretiate that ive been a victim of there greed many times.but I know im not the only one , as long as I dont loose more than 1% on any trade than Im fine. That is good to know ive been trading and learned alot about the market but I never knew anything on that subject,thanks again.
  • #14,615
  • Sep 24, 2010 9:01am Sep 24, 2010 9:01am
Quoting Doncex
I'm Waithing for gbpusd long setup
gbp/usd reached +36 pips
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  • #14,616
  • Edited 10:17am Sep 24, 2010 9:08am | Edited 10:17am
Quoting traderathome
I don't know of any books on the subject, though here and there you may find casual mention of "Pump and Dump", or "BARF".......primarily in material on the US stock market. But those methods of manipulating price are not unique to the stock market. And since the "Thieves of Wall Street" have so stunk up their own back yard that a lot of people will not play there anymore, I am convinced more of those thieive are coming over to the forex back yard.....stinking it up more and more as time goes on.

But basically it is psycology at work. The...
We didn't have to wait for that next 100 pips to be used up! "SOROS SPIKE".

Not that the Soros hedge fund was responsible for this spike, but I would not be surprised. Nor would I be surprised if next week opens with a gap up to help out the asian PPMs (give them one final crack at it) and to finish the move/ top it all off, followed by a rip roaring week down.

WARNING: Speculation!!
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  • #14,617
  • Sep 24, 2010 9:53am Sep 24, 2010 9:53am
Quoting traderathome
GU Short Trade Initated:

GU gave us a WAVE. EU did not.
Hi TAH,

At last I'm back on track after 10 days off ...

I've noticed your post and I wanted to mention a thing that I keep in mind while I see these kind of setups ...

I was also watching this pair, but the reason I didn't took it, was because it was in the middle of a consolidation range, and in my experience, these setups USUALLY leads to a very small move in favourite direction and then it'll reverse ...

It's a good behaviour to stand aside when one see a setup in the middle of a range ...

After all it's just my observation ...

Regards,
Basber
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Trading methods are designed to put the odds in our favor, not predicting.
  • #14,618
  • Sep 24, 2010 10:01am Sep 24, 2010 10:01am
Quoting Basber
Hi TAH,

At last I'm back on track after 10 days off ...

I've noticed your post and I wanted to mention a thing that I keep in mind while I see these kind of setups ...

I was also watching this pair, but the reason I didn't took it, was because it was in the middle of a consolidation range, and in my experience, these setups USUALLY leads to a very small move in favourite direction and then it'll reverse ...

It's a good behaviour to stand aside when one see a setup in the middle of a range ...

After all it's just my observation ......
Basber, you have made OUTSTANDING insight contributions to SonicR, depositied here and there thoughout your past posts. And this is one of the things I am thinking about as regards the new SonicR pdf. They should be "rounded up and corraled" into a section in the pdf...."Additional Insights" as it were!

These things from you are true gems!
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  • #14,619
  • Sep 24, 2010 10:13am Sep 24, 2010 10:13am
Hi everyone,

It's very useful and important to understand the main concept behind moves of the market, even if it's not for sure. But putting a lot of time/energy in it will distract you from the thing that gathered us here, and that's SonicR.

I suggest for those who are new to this method, when you don't see a setup, don't exhaust your mind on "now", go read the thread, test the "past", trade with trading simulator that I've posted here and there are lots of them in forexfactory, make a journal of your trades and then work on you weaknesses. Go see what fits you, instead of puting all your energy on the present and staring at the charts and trying to "understand" what's happening.

3-4 good sonicr setups accure averagely every week. Try to catch those.

If you're finished reading the thread and you understand this method compeletly and you'd filtered you bad trades and you have a good overall results, then try to have fun instead of wasting your time trying to understand when price goes up/ why prive goes down !! Price will do what it wants to do, and it doesn't care about our opinion. And after all, everything is probablity, so talking much about probablities that does not lead to a good understanding of this method, is wasting time in this thread.

It'll be much more easy to understand when you see it easy ... try this one :
"I'm looking for a good sonicR entry. I don't care why price goes up or down. I'm just looking for waves and drawing supprots and resistances. I'll enter a setup with solid Stoploss and proper TPs. When I don't see a setup, I'll try to imporve my skills that leads to having a better results with this method. I still don't give a damn about why price do this and that"

Regards,
Basber
Trading methods are designed to put the odds in our favor, not predicting.
  • #14,620
  • Edited 12:03pm Sep 24, 2010 11:08am | Edited 12:03pm
Quoting Basber
Hi everyone,

It's very useful and important to understand the main concept behind moves of the market, even if it's not for sure. But putting a lot of time/energy in it will distract you from the thing that gathered us here, and that's SonicR.

I suggest for those who are new to this method, when you don't see a setup, don't exhaust your mind on "now", go read the thread, test the "past", trade with trading simulator that I've posted here and there are lots of them in forexfactory, make a journal of your trades and then work on you weaknesses....
You've convinced me. http://cdn.forexfactory.com/images/s...m/thumbsup.gif (Look below.)
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