Sonic R. System

Hi Guys:

Love your system. it looks well developed and tested. here i apply Sonic R to my regular trade. please give advice

Spot Gold 4H TF, look for short trade for period of one two to three weeks time.
entry: wait the PA rebound to possible the Dragon high, or maybe the red Resistant line area (1350 to 1365 area). (By that time the Dragon will croxx down the 89EMA.) Entry short when 15M TF give reversal and short entry signal

Stop loss: set at 1392, risk of approx 42 to 28 point

target: 1240 to 1262 area, major support and Fibonacci 61.8%

filter: If the PA can not drop through the 1320 to 1325 area, close the trade.

hope the PA can bounce up give me good entry.

Last Day of Week View:

No direction. Professional traders moving PA up and down for small gains. No sense in trying for a move ahead of G2 conference highlights. There have been setups for small runs of 10-30ish pips. But not much else. For example, EU range has tightened. It is still over 100 pips, but not much room for SonicR runs. Likely the day will wind down with PA flattening even more.

No gain, no loss.....and a HUGE waste of time. This closes the last open trade. Let us see what the market decides next week, following this G2 weekend.

Hi Docex,

When you enter a trade and it moves +70,+80 pips in your desired way, you shouldn't leave your SL at initial level. You should try to reduce your risk as soon as you can. +80 pips is enough for taking some profit off the table and bring SL to BE for the rest ...

Just my 2 cents

Regards,
Basber

I believe you should have your direction in mind before markets starts in next week. Check HERE !

Regards,
Basber

PA has struck an EP, moved beyond and now has pulled back up thru Dragon. The EP is valid, and marks my entry when next the PA moves down, passing by it.

Had to go back to H4 to find appropriate TP2 level. If PA pulls up again before the run, and as high as 1.5749, I'll add to the short trade there.

Edit: Added 2nd chart (H1) containing two additional studies; the FR and a TL channel. The FR shows PA pulled back (upwards) to 50% level area of previous run down. After this pullback, if PA continues on down, the 62% FR expansion level coincides with the bottom of the TL channel. Therefore, the 1.5500 whole number area (around 1.5510) could be a target. If it is not reached today, tomorrow that TL will be lower (barring a spike up that changes the channel). So, the longer it takes, the lower that target will get. Just a thought.

Thanks Basber fo give me advice.
Good to hear your comments,you are good man and helper in analysis forex market

I know that situation,but sometimes I leave SL level according market situation and reached takeprofit,but not this time

By this time in the trading day (US stk exch open for an hour already) both GU and EU have established lower highs and lower lows. Neither have moved much from what would be considered their EPs, but the longer the consolidation, the more likely the bigger the run down later (tomorrow?).

I have also entered EU short per attached chart. For both trades, the intraday TPs are tentative, because PA could progress deeply down over more than just this first trading day of the week. These could become interday trades. The attached H4 charts use the FE study to reveal the downside potential over days and weeks ahead.

When I saw GU spike back up, I closed EU for 38 pips profit and added to GU higher than original entry. GU is the only trade running now, and with an average entry price of 1.5744, per attached charts.

Prior to this GU spike up, the US PPMs, unlike the Asian and Euro PPMs, had not had a chance to "trade" at the recent highs. This manipulation of the price back up to the highs has given the US PPMs that area to play in also. This, to me, can be taken as a sign of an impending move down. But we may have to wait on more "consolidation" now, until tomorrow or maybe even longer. There is simply no telling how long the professional traders might want to keep the price up while they make preparations for a run down. It could be days, or it could start falling in earnest today.

WARNING: Speculation!

Scanning the USD pairs, the week began with a move against "dollar strength". Many times such is simply manipulation by the PPMs to "hike" PA opposite the upcoming trend for the week, and for no other purpose than to obtain most favorable positions ahead of that trend movement.

Yes, this is pure speculation. But "dollar weakness" has been the overall trend for more than three years now, and particularly thru this past summer. So, even if the trend is to continue on the larger scale, it is time for a reciprocal short term trend reversal; a "seasonal" change as it were, and not all that uncommon.

Nevertheless, let the market decide. Trade what you see. And good SonicR trading to all this week!

The SL is removed. Only the US traders are at the table now, so there is much less resistance to a sudden manipulated spike up for more high ground trading. Even if the US PPMs don't do it, the asian traders tomorrow might. Apparently, consolidation at the highs is to continue, based upon PA. And if so, spikes to new highs is always possible. It is just a question of some trading syndicate deciding to use their money to satisfy all order imbalances between the current price and whatever price they want to hike the PA up to. And the bigger the anticipated drop over days/weeks ahead, the more tempting I imagine it is for outfits to begin contemplating such manipulation.

Anyway, the SL is removed to protect the trade from any such price manipulation.

LONG TIME DIDN'T POST

Here was my trade on cable long..still running with SL be! Was a pre_sonic trade..; developing into a sonic one!

Took +60 pips on half!

Hi Danpa! Congrats on your 60+ pips!

I too normally would be encouraged to go an early long on a bounce up off a whole number, as this did. But I was already committed to this as a SonicR short after seeing the previous asian session slowly work the price up and then, at the London open, the asian and euro traders quickly and strongly hammer it down; it just had the feel of being worked up high for the purpose of heavy selling. My feelings have not changed. As yesterday progressed, it just become apparent that if my gut feelings were right, it nevertheless might take some time for all this PA action/consolidation above the whole number to finish.

At this posting, PA is still above the whole number. However, the Dragon has now a double hump and is turned down. If you look at a lot of past SonicR setups, you will see the double hump followed by a breakout......double tops and a breakout down, or double bottoms and a breakout up. So, I hope you are on top of this one, Danpa, as today may bring a run down, and possibly starting during the asian trading session!

Early asian session trading has brought PA to just below the whole number, above which PA consolidated all thru prime hours yesterday. It is hard to say if PA will now run down, bacause the PPMs may be trying to hold the line on it now, maybe to allow another upswing.

The attached chart shows the FE study applied to PA. Note that this current PA drop below the whole number seems to have found support at the FE 100% level. Also note that the FE 262% level aligns with the RgL for today; so this might be a good TP3 for intraday trading.

Edit: Added 2nd chart showing that after a heavily traded run down, the PPMs pumped it back up during much less trading. This can be a sign of resetting the PA to a higher mark after a selloff; for more shorting.

Edit: Added 3rd chart showing that AFTER the PPMs manipulated the price back up, higher trading resumed. What? They were in a hurry to raise the price so they could resume heavy trading to add "longs" to their portfolio? I hardly think so! All this is just part of "consolidation", the "dancing around" of the price, in this case to run stops on shorts to increase liquidity so their own short orders can be filled, and also to encourage "longs" to the party which further enables their short orders to get filled. So, up and down it continues to go while the professional trading outfits put together their posititons ahead of a true run.

Edit: Added 4th chart. This could be at 1.5500 before the end of the day, over 200 pips lower. And, if that is the plan of the PPMs, it is no wonder they are keeping it up as long as possible to build their short positions. Warning: this is highly speculative!

WARNING: Speculation! Let the market decide. Trade what you see.

EU:

This could set up for another leg down....well over 100 pips down from EP to RgL!

this is my buy stop order for today @1.3974, [email protected], [email protected]

EDIT: wrong, stopped with -20 pips loss

eurjpy waiting short situation.

Hello

What is RgL?

Range Low for the day