Sonic R. System

gbp/usd reached +16 pips profit

70 pips profit, per attached. Decided not to risk holding for TP2.

Hi:

TP reached...+34 pips.

Regards.

Nice

talking about posible usd/chf short?

Im waiting for short position

Comments are welcome

EJ:

Added again. If they keep pumping it, I'll keep shorting it. EP average now 111.09.

WARNING: This is speculative. It is NOT SonicR.

I think that i'll never understand your strategy

Good luck!!

Very nice setup :X thanks Sonicers

Perhaps this chart will explain why I am speculating that it will go down.

Ok...thanks for explaining.

AU:

Added to short at 0.9895. EP average is now 0.9885. Set second TP.

usd/chf reached +21 pips profit

thanks for 5 Min time zone and high volume too

GU:

Re-entered on this pullback, per attached.

AU:

Added to this short again. EP average is 0.9895, per attached.

30 pips profit, per attached.

EU:

This was the best trading opportunity today. And it is a perfect example of a SonicR setup and trade.

First, notice the WAVE....action in a whole number area after PA came off some lows below.

Second, notice the volume.....picking up steam during the creation of the WAVE.

Third, notice where the EP area is.....just a few pips beyond the end of the candle coming up out of the Dragon.

Fourth, notice the angle of the Dragon.....angled up!

Fifth, notice the profit.....135 pips, and that is just to the RgH target! PA went more than 60 pips beyond that!

Sixth, notice the setup/trade time frame.....everything occurred within the recommended span of hours to trade.

Seventh, notice the pair.....EU, the pair Sonic most recommends for trading!


For those keeping a journal, this is a picture to insert because it is a great example of a SonicR setup and trade!


Good trading to all!
-TAH

I was looking for a short setup, I don't think it was an A+ setup because of the trendline ...long setup formed right below the trend line ...

Regards,
Basber

Are you saying that the EU M15 SonicR setup/trade was NOT A+ because on the H4 chart the long setup formed below the trend line?

If this is what you are saying, then I disagree with your conclusion, on the basis that (1) it never formed on the H4 because there were no HLs/HHs forming on the H4 preceding the breakout, and (2) because we never "qualify" an M15 SonicR setup on the H4 in that manner.

The H4 should indeed be looked to for any confirming sign, or reason to believe a SonicR setup on the M15 will come to fruition. But that does not mean that we also have to have a similar SonicR setup on the H4. Pin bar candles, engulfing candles, or other sorts of formations is what we look for on H4 when seeking something confirming a SonicR setup on the M15.

In this case, the H4 did provide two reasons to be optomistic about the success of the M15 setup. (1) It showed PA repeatedly bouncing off support. (2) There was a nice pin bar, which together with the gap down might have strongly suggested price was going higher.

Regards,
-TAH

EU:

Folks, Basber (whom I have high regard for) and I have been having a discussion on today's M15 SonicR setup. And I thought this might be a good time to throw in my "speculations".

If you look at my H4 chart, you can see the pin bar, later followed by a gap down, later followed by a heck of a pump! At this time, it is pretty obvious the manipulating Central Banks gapped the price down for no other reason than to enable their trading desks to load up longs before the planned pump. And because there were no releases of great substance scheduled for today (and none are until tomorrow), there was no economic reason for the pump (here and on other pairs). Oh, correction, there was just one reason..........GREED!

You can see from the H4 chart that price was pumped up to the next SR area, where now it looks like the current candle is telling us the price may next go BACK THE OTHER WAY!

Viewing the volume on M15, it is very likely the PPMs knew Friday what they were going to do today, pushing the price down on Friday while they loaded up on longs, and selling them off into the pump up today!

In any case, this is the true nature of the forex market....price manipulation by the "Big Players". When there does not seem to be any justification for a whopping move, one can happen. The justification is that big money can and does manipulate price......out of GREED. And it serves due warning that we should never try to guess which way price will go when there are "releases", and when there are none. Price goes where the big money wants it to go, at any time, and regardless of all else.....something to always remember! There is a lot of sense to what Sonic says, "Trade what you see." In this case, "big money greed" probably wants extra plunder for X-Mas shopping. If so, we may see more of this.

Regards,
-TAH