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Sonic R. System

  • #18,101
  • Mar 6, 2011 7:53am Mar 6, 2011 7:53am
Quoting TheSnowman
Crew change on a Sunday? That's a bit rude! I go to work tomorrow myself. Who are you with? Where do you work? What do you do? PM if you don't want to tell all...... I am with SAUDI ARAMCO, working in Saudi but have been North Sea, Bass Strait, South China Sea and about 25 other counties too.

This is what you should be reading [url="http://www.amazon.com/Dont-Tell-Mom-Work-Rigs/dp/1600940250/ref=sr_1_1?ie=UTF8&s=books&qid=1299414952&sr=1-1"]Don't Tell Mom I Work on the Rigs: She Thinks I'm a...
Nah..
I am part of the team that build the rig..I am not part of the operation team..
I worker for a ship yard that build...


Sonic
  • #18,102
  • Mar 6, 2011 8:07am Mar 6, 2011 8:07am
Quoting pipphunter
as I learned from this thread about 4 months, and start getting the winning feeling of it. the following thing i suggest you and newcomers to do.
1. red at least the first 200pages of the thread, see how the Sonic R masters made those trades.

2. while reading the thread, keep these key points in mind: (see how the master do this)
how to apply wave analysis in multi time frame, and get correct trend bias
how to use the S/R level, in decde the trend continue or possible change, entry safety, stop loss, TP.
how to combine the trend line breakout...
Thanks.I will re-read the post one every week!Today I waste much time to read!I am understand more .
  • #18,103
  • Edited 9:53am Mar 6, 2011 8:46am | Edited 9:53am
Quoting sonicdeejay
Bias: Bullish
Next stop: 1.384x. 1.40xx level
Resistance: 1.345x level
In summary, I am still slightly bullish in the pair with overhead resistance 1.386x and 1.404x..
Bias: Netural
Next stop: 1.41xx, 1.455x level
Resistance: 1.373x, 1.346x level

After getting it right on for 4 weeks in a row, it is definitely getting difficult..

We just hit a nice major barrier 1.4xx last friday.. Congrats to you if you have loaded or holding Long position last week or since few week ago, But I'd advice you to be very careful if you are planning to buy Long position in coming week.

Even though the price ended with the Bullish Engulfing candle in W1 TF but decreasing vol (see red arrow) worries me. It made me believe that the smart money are distributing their long positions.. I will only bullish again if the coming week end with another successful Bull candle..

I know TAH will love me for my above "not so bullish" comment.. but I am not bearish either... Volume reading does not entirely dictate my analysis.. Price action is.. So I am not a bear till a bearish candle appears..

Like I always said "It is late/expensive to buy but definitely too early to sell"..


Sonic
P.S how are you Sir. TAH?
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  • #18,104
  • Edited 3:30pm Mar 6, 2011 1:47pm | Edited 3:30pm
Quoting sonicdeejay
Bias: Netural
Next stop: 1.41xx, 1.455x level
Resistance: 1.373x, 1.346x level

After getting it right on for 4 weeks in a row, it is definitely getting difficult..

We just hit a nice major barrier 1.4xx last friday.. Congrats to you if you have loaded or holding Long position last week or since few week ago, But I'd advice you to be very careful if you are planning to buy Long position in coming week.

Even though the price ended with the Bullish Engulfing candle in W1 TF but decreasing vol (see red arrow)...
I am fine, Master Sonicdeejay. I agree with your post, particularly your comment about the reducing volume. I was going to post about the reducing volume, with my pics below, but I felt the post would not be well received. But since you have also made note of the volume, I now include my pics.

Here are some comments about these pics. First, ignore the stepped up volume at the first of the year. This is an error caused by FXDD's MT4 platform not correctly handling the volume transition when they went to the 5 digit code at the first of the year. Secondly, the magenta line on the Daily is from the Weekly chart, and represents the "overhead" downward sloping TL. Thirdly, Friday not only continued the downwards trend in volume, but the Friday candle on the Daily chart is a spinning top, which indicates indecision in the market. The PV story on the H1 chart is clear. The highest price candles attracted the highest activity (selling). The next highest activity candles were selloffs from the highs. This is short position building. And finally, a re-pump of the price was attempted on falling volume as the day closed out; an attempt to get price back up for more shorting at the start of the new week.

From here, price could still go higher, or it could reverse. It depends on what Big Money wants to do with it, not on what the charts "predict". I am still bearish, because the euro is not worthy increased evaluation. Therefore, the increases we have been seeing are contrived. Consider Friday's news, for example. On the one hand, the US had definative and strong manufacturing data. On the other hand, all the euro had was a string of "mights and shoulds" from talking heads; nothing was definative. The result was what? It was another contrived pump! Why?

In my opinion, as I have stated in past posts, since before the start of this new year Big Money has been on a grandeur scale buildup of short positions. And it is for that reason only that EU has been going higher. Considering time span and repetitions, this is the largest scale price manipulation that I have ever seen. But, since it is on the heels of the largest global financial scandal in history, I am not surprised. Big Money has not at all changed the way it manipulates for its own eventual profit.
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  • #18,105
  • Edited 5:03pm Mar 6, 2011 4:43pm | Edited 5:03pm
Quoting traderathome
I am fine, Master Sonicdeejay. I agree with your post, particularly your comment about the reducing volume. I was going to post about the reducing volume, with my pics below, but I felt the post would not be well received.

We gotta be careful on our new position in this week.
Of course I'd still more comfortable to take long than taking short, as the weekly TF have not confirm me bear and still bullish candle..

It might just a mere rest before it charge north up again. That why I was totally against you adding short..

The rest is for us to find out.
Sonic
  • #18,106
  • Mar 6, 2011 5:10pm Mar 6, 2011 5:10pm
Quoting sonicdeejay
On way to my oil rig in the vast sea, and reading "master the market" by T0m W1illiams.. Fantastic stuff..

Happy Sunday..

Sonic
Thank u very much. Amazing stuff...


enigma4x
enjoy my life ... and ride the waves - all what I do
  • #18,107
  • Mar 6, 2011 6:31pm Mar 6, 2011 6:31pm
Quoting sonicdeejay
On way to my oil rig in the vast sea, and reading "master the market" by T0m W1illiams.. Fantastic stuff..

Happy Sunday..

Sonic
...and here it is, for the benefit of we Sonikers:

http://www.tradeguider.com/mtm_251058.pdf

When you click on the link above, the download process begins right away. It is a very large file, so it will take a bit of time to complete. Once the download is complete, the .pdf file will appear on your screen. You should then save it.....name it accordingly (Master The Markets) and save it in an appropriate place (desktop, etc.).
  • #18,108
  • Mar 6, 2011 6:35pm Mar 6, 2011 6:35pm
Quoting traderathome
...and here it is, for the benefit of we Sonikers:

http://www.tradeguider.com/mtm_251058.pdf

When you click on the link above, the download process begins right away. It is a very large file, so it will take a bit of time to complete. Once the download is complete, the .pdf file will appear on your screen. You should then save it.....name it accordingly (Master The Markets) and save it in an appropriate place (desktop, etc.).
Alternatively, and much better, RIGHT CLICK and SAVE AS only about 16 seconds download for me, thanks!
Canadian by birth Australian by choice
  • #18,109
  • Mar 6, 2011 6:47pm Mar 6, 2011 6:47pm
Quoting enigma4x
Attachment

enigma4x
close 2/3 of my usdscad trade with some wicked bankpips.

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enigma4x
enjoy my life ... and ride the waves - all what I do
  • #18,110
  • Mar 6, 2011 6:49pm Mar 6, 2011 6:49pm
I read through the book "Master the market" (Price Volume analysis) halfway.
One thing I noticed and which is of great value for PA (especially on the view TAH applies):

In case of up-candle:
if there is extraordinal much (!) high volume:
this may hint to buying climax --> start of building selling positions of marketmakers... --> bearish sign

BUT:
In case of up-candle:
if there is "only" increasing (!) volume this may hint to buying support --> marketmakers adding to the direction--> bullish sign !!

This is a small but epic difference!
  • #18,111
  • Mar 6, 2011 6:50pm Mar 6, 2011 6:50pm
Quoting traderathome
...and here it is, for the benefit of we Sonikers:

http://www.tradeguider.com/mtm_251058.pdf

When you click on the link above, the download process begins right away. It is a very large file, so it will take a bit of time to complete. Once the download is complete, the .pdf file will appear on your screen. You should then save it.....name it accordingly (Master The Markets) and save it in an appropriate place (desktop, etc.).
great
enjoy my life ... and ride the waves - all what I do
  • #18,112
  • Mar 6, 2011 8:20pm Mar 6, 2011 8:20pm
Quoting traderathome
...and here it is, for the benefit of we Sonikers:

http://www.tradeguider.com/mtm_251058.pdf

When you click on the link above, the download process begins right away. It is a very large file, so it will take a bit of time to complete. Once the download is complete, the .pdf file will appear on your screen. You should then save it.....name it accordingly (Master The Markets) and save it in an appropriate place (desktop, etc.).

Thanks TAH, this version has colour charts, much better than the one i got in Kindle.
seeing through
  • #18,113
  • Edited 8:50pm Mar 6, 2011 8:29pm | Edited 8:50pm
Quoting sonicdeejay
We gotta be careful on our new position in this week.
Of course I'd still more comfortable to take long than taking short, as the weekly TF have not confirm me bear and still bullish candle..

It might just a mere rest before it charge north up again. That why I was totally against you adding short..

The rest is for us to find out.
Sonic

This week i will stay away from the EU, coz I only trade where my ability allowing me to trade. when the masters seeing uncertainty in EU, the best decision i can make is stay away. I will keep eyes on other pairs with clear trend, especially AU, SPX500 and Gold . trade well gays
seeing through
  • #18,114
  • Edited 8:50pm Mar 6, 2011 8:38pm | Edited 8:50pm
Quoting enigma4x
close 2/3 of my usdscad trade with some wicked bankpips.

Attachment

enigma4x
What was going on with the opening moves? One cannot say with certainty. But here is a possiblility. A Central Bank opened the price high, maybe because that is where they think it should be. And immediately, professional syndicate traders realized that to get a long position without buying the price up against their own orders, they would have to run the price down and back up, to "average" the price of their long position below the open price for the day.

enigma4x, it would be helpful to the thread if you showed your entry, SL, and TP. Otherwise, to say you closed 2/3rds of a trade is all meaningless to readers. In addition to everyone being profitable trading the Sonic R System, the more posts that are of instructional value, the better.
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  • #18,115
  • Mar 6, 2011 9:04pm Mar 6, 2011 9:04pm
EJ:

This is showing weakness since the open, with a series of lower HLs. However there is support starting about 20 pips below the dragon (current lower Dragon line). Also, it would be natural to expect that the professional syndicate traders that come with the euro session/ London open, will have some manipulation in mind to better their acquistions for the day. So, even if it is to go lower later today, it could easily be driven higher beforehand.

On the other hand, it could base on this support and later just move higher.

The support area below PA and the DPV (magenta horizontal line) above PA currently look like the breakout levels. But a move thru one of these levels, followed by a sudden reversal into the true move for the day, is just one of the tricks these good fellows might play.
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  • #18,116
  • Mar 7, 2011 1:58am Mar 7, 2011 1:58am
Quoting pipphunter
plase short pending order below white line as per attached

SPX500, closed 50% @ current level 1315.8, profit +108 pips, reward/risk 1.59:1. set SL to BE. currently wait UK open, see what market will tell us.
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seeing through
  • #18,117
  • Mar 7, 2011 2:17am Mar 7, 2011 2:17am
Hi I stumbled upon this thread and was pleased to read all the invaluable information along with charts. I can't thank you all enough! I will be going through the first few hundred pages and keep up with the new ideas that come here.
Thanks!
  • #18,118
  • Mar 7, 2011 5:26am Mar 7, 2011 5:26am
Hi Sonic,
I am confused with the false signals like the picture below.How can I avoid this signal like that? Is that possible?
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  • #18,119
  • Mar 7, 2011 6:16am Mar 7, 2011 6:16am
Quoting Mr.eur
Hi Sonic,
I am confused with the false signals like the picture below.How can I avoid this signal like that? Is that possible?

Save the chart..to study during weekend..
Take a loss .. it always happens..

Sonic
  • #18,120
  • Mar 7, 2011 6:27am Mar 7, 2011 6:27am
Quoting Mr.eur
Hi Sonic,
I am confused with the false signals like the picture below.How can I avoid this signal like that? Is that possible?
It's not valid signal for short (I assum you traded short), coz..
1) it;s counter trend of high TF, you always need more evidence to confirm the reversal.
2) the waves down are not clear, the 15M pretty much moving sideway before the swing, (not good for neither long nor short). the dragon is pointing relatively flat for confirming reversal trade.
3)it's monday morning UK section, be street smart to avoid this time.
seeing through
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