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Sonic R. System

  • #17,301
  • Feb 4, 2011 7:16am Feb 4, 2011 7:16am
Quoting traderathome
AU:

Now a SonicR short setup. This is NOT a recommendation to jump in! NFP release comes in about 20 minutes! It might be interesting to watch what happens, though. If AU does start to go bearish, there will be lots of opportunities starting next week.
Same here ... No SL before the NFP. I place it after Non-Farm release.

Regards,
Basber
Trading methods are designed to put the odds in our favor, not predicting.
  • #17,302
  • Feb 4, 2011 7:16am Feb 4, 2011 7:16am
EURUSD

I see eu 1.3500 at the end of the day, if it breaks downwards during the nfp news. gbpusd already falling.
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  • #17,303
  • Feb 4, 2011 7:26am Feb 4, 2011 7:26am
Quoting noer1962
FOR ALL MASTER !!
Basber:....Because we are trading through out our computers, there is a real disconnect between what's causing the moves and what we see. Try to understand (deeply) what is this market build on. How does it work. why does it work. ....
Me : What is that ??
It's not a "thing", and it really takes time if I want to discuss this here, but there are lots of books/articles/etc. to read about this subject.

Again, sorry for late response.

Regards,
Basber
Trading methods are designed to put the odds in our favor, not predicting.
  • #17,304
  • Feb 4, 2011 7:47am Feb 4, 2011 7:47am
Quoting noer1962
FOR ALL MASTER !!
Basber:....Because we are trading through out our computers, there is a real disconnect between what's causing the moves and what we see. Try to understand (deeply) what is this market build on. How does it work. why does it work. ....
Me : What is that ??

Just searching about price action and what i found in wikipedia, it sound familiar

Price action

[i]Keeping things simple can also be an effective...
"....what is this market build on. How does it work. why does it work. ...."

Whle watching the PA response to NFP, I'll try a response here.....

Our forex trading opportunities (this market) is based on price movements in the forex pairs. We have opportunities to guess at lows to buy at, and highs to sell at. What causes PA lows and highs? Any number of things can cause them.....politics, weather, discoveries, price manipulation by "Big Money" outfits....any number of things. Fortunately, we really don't need to know them to trade the Sonic R System. We just look for SonicR setups, without needing to know why they are occurring.

For the same reason, we really don't need to be concerned with what "details" might be released in "news". We only need to watch and see if PA yields a SonicR setup.

The Sonic R System is truely elegant in its simplicity. It enables us to spend our time perfecting our skill with trading it, and not waste our time trying to learn all that other "stuff", which is to variable and inconsistent to ever be of any value anyway.

Regards,
tah
  • #17,305
  • Edited 8:29am Feb 4, 2011 7:55am | Edited 8:29am
Quoting Basber
Same here ... No SL before the NFP. I place it after Non-Farm release.

Regards,
Basber
my sl @ EJ hit !!!

lesson learn.. thx basber
Quoting Basber
If I understand your curiousity right, here's what I have in mind while judging about a particular Trendline or S&R zones. These situations make this lines/zones stronger, so their break will be strong too.

** More price touches and respected (reversed) at the level (TL or S&R), stronger the line.

** Higher the TF, stronger the line

** More volume while price is at that level, stronger the line

** More valid through the time, stronger the line. (Apply for TLs)

These are more important factors that I have in mind.

Again, by "strong...
gonna put it in my note book

Quoting traderathome
"....what is this market build on. How does it work. why does it work. ...."

Whle watching the PA response to NFP, I'll try a response here.....

Our forex trading opportunities (this market) is based on price movements in the forex pairs. We have opportunities to guess at lows to buy at, and highs to sell at. What causes PA lows and highs? Any number of things can cause them.....politics, weather, discoveries, price manipulation by "Big Money" outfits....any number of things. Fortunately,...
just watching spectacular move in FX trading where open not equal to closed.. @_@
i agree with you TAH, i like sonicR because its simple but i believe in sonicR because people like you, basber, sonic, dd, and others contributor want to share their knowledge with us the new kids in the block without knowing anything about FX world. thank you

going home now.. have a nice weekend everyone.. loss on EJ but a valuable knowledge to get.. always loved to see what information gather in this thread, nite every one have a nice weekend.
SonY, Gold Is Every Where Gold, but Human Not Gold..
  • #17,306
  • Feb 4, 2011 8:00am Feb 4, 2011 8:00am
Quoting traderathome
UChf:

Yesterday the price got wacked. And at the very lows the PPMs built long positions. Today the Londoners wacked it again. And again, they built long positions at the lows. From the volume study it is clear the lows attracted the highest trading.

A WAVE is formed on H1. Price is off the lows. The US High Impact release is about 40 minutes from now.

I added to my long trade.
UChf:

110 pips profit on this SonicR long trade just closed.
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  • #17,307
  • Feb 4, 2011 8:05am Feb 4, 2011 8:05am
UJ:

Here is another remarkably clear PA/Volume story! There can be no doubt in anybody's mind where PA is headed. Nor should there any longer be any doubt in anybody's mind that PPM's exist (Big Money, the "Big Boys", etc.), and that they DO manipulate price for their own greedy purposes.
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  • #17,308
  • Feb 4, 2011 8:13am Feb 4, 2011 8:13am
Quoting traderathome
"....what is this market build on. How does it work. why does it work. ...."

Whle watching the PA response to NFP, I'll try a response here.....

Our forex trading opportunities (this market) is based on price movements in the forex pairs. We have opportunities to guess at lows to buy at, and highs to sell at. What causes PA lows and highs? Any number of things can cause them.....politics, weather, discoveries, price manipulation by "Big Money" outfits....any number of things. [b][size=3]Fortunately,...
Yes, but I believe knowing basic informations and realizing what is this market based on, will help traders to trust methods like SonicR, they will understand why S&R works, why Trendlines, Fibo, patterns, volume works. Without the basic knowledge, it's just some calculations in the air. It has no basis. Then traders could trade with more confident when they see a SonicR trade at certain levels. You and many other experienced traders, know these informations, that's why more experienced ones can see things that other traders don't see.

For instant I don't like pressing the button on a machine and see a result. I myself want to know the process and how it works. It doesn't change the result of pressing the botton, but it will make me understand what's happening inside the machine.

That's why when more experience traders came here, grasp this method much faster than less experienced ones. They know what this market build on.

Just my 2 cents though ..

Regards,
Basber
Trading methods are designed to put the odds in our favor, not predicting.
  • #17,309
  • Edited 9:55am Feb 4, 2011 8:25am | Edited 9:55am
Quoting Basber
Yes, but I believe knowing basic informations and realizing what is this market based on, will help traders to trust methods like SonicR, they will understand why S&R works, why Trendlines, Fibo, patterns, volume works. Without the basic knowledge, it's just some calculations in the air. It has no basis. Then traders could trade with more confident when they see a SonicR trade at certain levels. You and many other experienced traders, know these informations, that's why more experienced ones can see things that other traders don't see.

For instant...
All so true, Basber! And, personally, I am like you in that respect....don't show me that it works, show me WHY it works. But, to be honest, while inspective curiosity is good for the brain and soul, let us not forget something that is oh so obvious......

......which is that a child can look at a chart and point to the proper direction that PA will take!

Why? They can do this because they are not encumbered with all that knowledge and all those "facts". They just look at the fewest things that matter, and properly conclude results.

Ddaytrader's posts are testimony to this. Not to say he is a child, but that he is skilled at looking at only the few things that matter....PA/Waves, the Dragon and Support & Resistance. It is testimony to your own skill, Basber, that you have the ability to "filter" much of that technical "stuff" and stay on the scent of the proper conclusion. As for new traders, I think simple is best....acknowledge the simplicity of the Sonic R System and go with it. Exposure to the market will bring the rest in time anyway.....any hopefully, will not degrade trading.

Regards,
tah
  • #17,310
  • Feb 4, 2011 8:40am Feb 4, 2011 8:40am
Thanks Traderathome.


Quoting traderathome
Find any ddaytrader post. Click on his name and it will take you to where you can click on his "activity", or number of posts. Then you will have a list of all ddaytrader's posts to browse and study.
  • #17,311
  • Edited 9:25am Feb 4, 2011 8:59am | Edited 9:25am
Quoting traderathome
AU:

Now a SonicR short setup. This is NOT a recommendation to jump in! NFP release comes in about 20 minutes! It might be interesting to watch what happens, though. If AU does start to go bearish, there will be lots of opportunities starting next week.
AU Followup:

We have another very clear PA/V study.

Subsequent to the NFP release, price was contrarily hiked. Now, at the attained higher ground, the trading levels are even higher than they were at the previous lows yesterday and the day before! This is a very bearish sign. Why? (Hint: Buy low, sell high.)

......or in this case maybe, buy low, buy low and then......pump the price and dump it all!
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  • #17,312
  • Feb 4, 2011 10:15am Feb 4, 2011 10:15am
Quoting sonicdeejay
We have a big NFP news coming out..
Big whipping expected..

Ultimately I bet on the rise of USD..
No pic of chart as I m on my way to airport..
Sonic
It was indeed whipped..and rise on USD...

Sonic
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  • #17,313
  • Feb 4, 2011 10:32am Feb 4, 2011 10:32am
Quoting sonicdeejay
It was indeed whipped..and rise on USD...

Sonic
Indeed it was. Now, I guess, it is time for a pullback up for some "time out" while traders plot their future for next week.
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  • #17,314
  • Feb 4, 2011 10:43am Feb 4, 2011 10:43am
Quoting traderathome
Indeed it was. Now, I guess, it is time for a pullback up for some "time out" while traders plot their future for next week.
I think EU might close with the lowest for the week..as a normal Friday does..


Sonic
  • #17,315
  • Feb 7, 2011 4:53am Feb 7, 2011 4:53am
EU:

About 10 pips beyond EP, but maybe it will pull up again between now and sometime after the US open.
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  • #17,316
  • Feb 7, 2011 5:00am Feb 7, 2011 5:00am
AU:

Now a SonicR short setup.
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  • #17,317
  • Feb 7, 2011 5:04am Feb 7, 2011 5:04am
EJ:

Now a SonicR short setup.
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  • #17,318
  • Feb 7, 2011 5:09am Feb 7, 2011 5:09am
UChf:

A SonicR re-entry on breakout of previous high. Also, since US Open has not yet happened, there mght be another pull back down, possibly to original EP zone.

The caution here is to watch out for the high on Friday. It represents resistance, which is why I suspect a another pullback for/by US traders, down towards the half number again, before any substantial run, .....breakout of the whole number. But this is a speculation.
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  • #17,319
  • Edited 5:54am Feb 7, 2011 5:22am | Edited 5:54am
UJ;

Looks like a good SonicR setup long is being made here, with extra pullback before run thru EP zone. Look to see if this pullback establishes another higher high and then runs up....? Note that PPMs yanked on its chain Friday before the first break up out of the range it had been in for a few days.....a quick running of stops and additional accumulation of long positions before they executed the breakout. Bullish.
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  • #17,320
  • Feb 7, 2011 6:35am Feb 7, 2011 6:35am
Hi:

I've placed a pending sell stop on GU, it's a reentry trade by the rules.

We'll see.
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"Being picky only cost your time - not MONEY"...Hans
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