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Sonic R. System

  • #25,601
  • Aug 28, 2011 1:24pm Aug 28, 2011 1:24pm
hi everyone..

here i have attached my tech analy.. pls do comment since im new to tis biz...

regards.. SS
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  • #25,602
  • Aug 28, 2011 1:47pm Aug 28, 2011 1:47pm
I think I Got it now hansma, thank you very much

To summarize, if you are looking for a long you look for a new HL, there will be many of these so you look for one where after the HL price shoots up, then wait for price to retrace into the initial break out area, as attached example?

Quoting hansma
If you look at the Eur/Jpy move A to where you have your HL, and move C to where A is in your chart, This is the wave
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  • #25,603
  • Aug 28, 2011 1:57pm Aug 28, 2011 1:57pm
Quoting Pirabuji
I think I Got it now hansma, thank you very much

To summarize, if you are looking for a long you look for a new HL, there will be many of these so you look for one where after the HL price shoots up, then wait for price to retrace into the initial break out area, as attached example?
Yes but your A and C are still to high up. Look at where you have your C

and where it pulled back to. This is where the up move really starts (looks like the candle that is located at the letter i ) in your point A marking.

Hans
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"The future is already written in the past"
  • #25,604
  • Aug 28, 2011 2:08pm Aug 28, 2011 2:08pm
Thank you so much hans, most appreciated


Quoting hansma
Yes but your A and C are still to high up. Look at where you have your C

and where it pulled back to. This is where the up move really starts (looks like the candle that is located at the letter i ) in your point A marking.

Hans
  • #25,605
  • Aug 28, 2011 2:15pm Aug 28, 2011 2:15pm
Quoting Pirabuji
Thank you so much hans, most appreciated
No problem Mate, But please remember that there are 1 and 4 hour levels that might kill the setup before you get carried away using the fib tool on the 15 min. Be sure to check.

Happy trading to you

Hans
"The future is already written in the past"
  • #25,606
  • Aug 28, 2011 3:04pm Aug 28, 2011 3:04pm
Quoting hansma
No problem Mate, But please remember that there are 1 and 4 hour levels that might kill the setup before you get carried away using the fib tool on the 15 min. Be sure to check.

Happy trading to you

Hans
And there are news event whipsaws that can kill FE study setups on any reasonable TF we might trade. Right, hansma?
  • #25,607
  • Edited Aug 29, 2011 6:01am Aug 28, 2011 4:00pm | Edited Aug 29, 2011 6:01am
Quoting traderathome
And there are news event whipsaws that can kill FE study setups on any reasonable TF we might trade. Right, hansma?

Dear Tah,

Yes and No,

Remember when I posted some of my crazy charts/lines a couple of month ago that attracts the BBīs like fireflies

Now how did I come up with those charts/lines where price pulled off to the pip if they were not already calculated into price, or news event whipsaws as you call them ?? Price always thinks ahead of you as a trader. I always think ahead of price , I know exactly where I
want price to be, for me to get engaged in a setup.


Anyways I think my tour of duty has come to an end in this thread -and Iīll move on,might drop in from time to time

Regards,
Hans/hansma
"The future is already written in the past"
  • #25,608
  • Aug 28, 2011 4:28pm Aug 28, 2011 4:28pm
Hans, would you please post your current GU chart? Thanks.
  • #25,609
  • Aug 28, 2011 4:49pm Aug 28, 2011 4:49pm
Quoting traderathome
Hans, would you please post your current GU chart? Thanks.

Here you go...
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"The future is already written in the past"
  • #25,610
  • Aug 28, 2011 8:59pm Aug 28, 2011 8:59pm
Quoting hansma
...Now how did I come up with those charts/lines where price pulled off to the pip if they were not already calculated into price, or news event whipsaws as you call them ?? Price thinks ahead of you as a trader and so do I.
Yes, those who do not see the structure of the market see instead mystery. And they seek to explain that mystery by conjuring up the existence of phantoms and goblins and ghouls by various names, such as "Big Boys" and "Banksters."

Those who think that price action is random see news as the cause of price movement, when news is not the cause, but merely the catalyst for what was already writ in the past price action. In other words, news may be the fuse, but price itself is the bomb - and price itself already contains whatever explosive power it is going to generate and its design already contains the direction in which it will release its force before the fuse is lit, i.e. before the news is released.

Does this mean anyone of us can read it with 100% accuracy everytime? Of course not. That is why we use SL's. The placement of an SL is not random - it is placed at the point where if price hits it, it means we have made a mistake.

Quoting hansma
...Anyways I think my tour of duty has come to an end in this thread -and Iīll move on, alone with my crazy ideas and charts.

Regards,
Hans/hansma
Well, I hope you reconsider, or perhaps start a thread of your own, as I think your contributions have been among some of the best in recent months in this thread. And if you leave, new Sonikers will be deprived of the best example of how to read price action and left instead with TAH's insistence that learning to read price action is futile.

Whatever you choose, I wish you well. I hope you stay, and I hope you don't turn into a commercial.

-DD
  • #25,611
  • Aug 28, 2011 9:19pm Aug 28, 2011 9:19pm
Quoting ddaytrader
Yes, those who do not see the structure of the market see instead mystery. And they seek to explain that mystery by conjuring up the existence of phantoms and goblins and ghouls by various names, such as "Big Boys" and "Banksters."

Those who think that price action is random see news as the cause of price movement, when news is not the cause, but merely the catalyst for what was already writ in the past price action. In other words, news may be the fuse, but price itself is the bomb - and price itself already contains whatever explosive...
News 'moves' the markets. It reflects the strength of that nation/country that is in relation to. Prior to news release, there are speculators on where the price will be. Hedging, gambling, guessing, voodoo, you name it, they will try to determine the scope of things. News gives a generalized understanding on the strength and position of the country. Where the markets moves is determined by those who moves the market; investors, politicians, bucket shop speculators, ect. Charts and lines/trends are nothing more than just that, lines/trends, trying to guess where the price action will be.

Trying to make a 'buck' if your the little guy (and we all are), is trying to 'guess' on where the market will turn. But remember, ALL NEWS has an origin, up til the news release. If the news release was given to only a few prior to its offical announcent, than thats called insider info (this use to be the norm in prior to the 70's).

That is why when Warren Buffet talks, he moves the market, when fed Chair Uncle Ben talks, he moves the market,those in high places are able, at a whim, to make prices moving. Why? Because its the investors who are trying to decide rather or not to pump money or not.


These investors are not just your hedge fund managers (though they do have assets that can move confidence), but other nations as well. Its essentially a zero sum, zero gain world.

Theres many ways to try to think of this. Some refer to charts, some refer to news, and others just guess at a whim. Me, i like to think small than up. Why? Because all small things do lead up to big things. If the mechanics dont work right (say in country X), then in the grand scope of things, how will the news be positive?

The idea of Sonic system is good because the price can 'retrace' back to its initial stand point prior to price movment, or it can just follow the wave, pending on the charts you have/money management (most important key). That is why i'm drawn to it (im a fundies guy).

Hopefully this post makes sense. If not, ill just keep reading and just post questions to what i need help with.
  • #25,612
  • Aug 28, 2011 9:29pm Aug 28, 2011 9:29pm
Quoting hunter101
...Where the markets moves is determined by those who moves the market; investors, politicians, bucket shop speculators, ect. Charts and lines/trends are nothing more than just that, lines/trends, trying to guess where the price action will be. ....
Sounds like TAH-lite.

As a trader, you can either be someone who makes things happen, or you can be someone to whom things happen.

You choose.

Honestly, if this were mere guesswork, I wouldn't do it. There'd be no edge.

There are traders (those who make things happen) and there are victims who think they are traders (those to whom things happen).

Right now, you are a victim. But that is your choice. You can study SonicR and Fibs and become a trader. Or you can pretend to understand SonicR and rant about the Big Boys and news spikes and continue as a victim.

We each make our own choice.
  • #25,613
  • Aug 28, 2011 9:32pm Aug 28, 2011 9:32pm
Quoting hansma
Dear Tah,

Yes and No,

Remember when I posted some of my crazy charts/lines a couple of month ago that attracts the BBīs like fireflies

Now how did I come up with those charts/lines where price pulled off to the pip if they were not already calculated into price, or news event whipsaws as you call them ?? Price thinks ahead of you as a trader and so do I.

Thatīs why I sometimes wait days for price to get into the area I want it to be in - the latest one being one from Aug 23 on Eur/Usd which I called a simple chart with bullish divergence...


CAn you post that chart again hansma? want to learn how you analyze the price action and also might help other newbie traders here to better analyze trades and prevent the losses from coming..
  • #25,614
  • Aug 28, 2011 9:47pm Aug 28, 2011 9:47pm
Quoting ddaytrader
Sounds like TAH-lite.

As a trader, you can either be someone who makes things happen, or you can be someone to whom things happen.

You choose.

Honestly, if this were mere guesswork, I wouldn't do it. There'd be no edge.

There are traders (those who make things happen) and there are victims who think they are traders (those to whom things happen).

Right now, you are a victim. But that is your choice. You can study SonicR and Fibs and become a trader. Or you can pretend to understand SonicR and rant about the Big Boys and news spikes and...
I've studied allot of 'fundies' guys who has 'a list' on rather or not to buy/sell ect ect. No clue why your attacking me on this issue, cant assume im like TAH or anyone. The markets can move when they move sure, no one knows the reason, if they did, they would be richer than anyone. But there are those who tries to understand the market and 'predict' on where it will lead. If these guys can make 20% a year, then damn, they are god! All you need is capital and good marketing to invest for a living.

But rarely there are those who can make it 20% per year. Sometimes it isnt just one guy, rather,an entire company. For example, research this guy 'Ray Dalio.' Youll be amazed on how he amassed an empire from making up to 20% a year.

Sure being a 'victom' as you labled me, because i beleive that fundies moves the market, can be good. Finding reasons on why things move can have solice. Because if i were to be emotially attached to trading, i would lose ass. Trading shouldnt involve emotion (as in every system, SL's are key to that), rather, good money management.

But yea, if you dontthink fundies moves the market, what/whom does? Does the 'resistance line of 1.45999' have key meaning to it? Could have sworn those MSNBC guys says 9,000 was a 'mental barrier' a during the down turn of hte economy.. Then 4 days after, it dipped lower and their 'mental' didnt budge, rather, that adapted and still making money to this day.
  • #25,615
  • Aug 28, 2011 11:09pm Aug 28, 2011 11:09pm
Quoting hunter101
Poss short for Eur/Aud for next week? No volume now because its the weekend.

The last time it hit that low as Aug 17th and the fundies for this month as been against the Euro and in fav for Aud.


Thoughts?
Looks like it was trending down since i posted the last pix. Can anyone help analyze it?
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  • #25,616
  • Edited 11:24pm Aug 28, 2011 11:10pm | Edited 11:24pm
Now we are in Asian Session + UK Bank holiday..
THinking of getting into trade? Man..U got the addiction problem..


Check this out..


Inserted Video


Sonic
  • #25,617
  • Aug 28, 2011 11:23pm Aug 28, 2011 11:23pm
Quoting ddaytrader
Yes, those who do not see the structure of the market see instead mystery. And they seek to explain that mystery by conjuring up the existence of phantoms and goblins and ghouls by various names, such as "Big Boys" and "Banksters."

Those who think that price action is random see news as the cause of price movement, when news is not the cause, but merely the catalyst for what was already writ in the past price action. In other words, news may be the fuse, but price itself is the bomb - and price itself already contains whatever explosive...
"... and left instead with TAH's insistence that learning to read price action is futile." - ddaytrader

Whoa! I have never insisted that learning to read price action is futile! I don't know what your motive is for out right lying about me, but your contrived little "digs", ddaytrader, do not speak very highly of you.

May I suggest you cease criticising others, including me, and do some trading. Since your return, you have spouted off about "this" and about "that", but have posted practically no trades at all! If you have an issue, or a grudge, then start posting trades the way you think they should be done, instead of posting sermon after sermon about the way others are trading.

Action speaks louder than words.

Regards,
-tah
  • #25,618
  • Aug 28, 2011 11:32pm Aug 28, 2011 11:32pm
Quoting hunter101
Looks like it was trending down since i posted the last pix. Can anyone help analyze it?
EA:

It has made an asian session run down, better than 50 pips. The London session could see this back up, or range, or further down, or any combination thereof. As Sonic would say, too late to short, too early to long.
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  • #25,619
  • Aug 29, 2011 1:07am Aug 29, 2011 1:07am
Quoting sonicdeejay
Now we are in Asian Session + UK Bank holiday..
THinking of getting into trade? Man..U got the addiction problem..


Check this out..


http://www.youtube.com/watch?v=Io7Yuol8kd8

Sonic


Hi,

Is it best to stay out today because of the holiday? But can we still trade normally in the US session?

Evilmaster
  • #25,620
  • Aug 29, 2011 2:35am Aug 29, 2011 2:35am
Quoting Evilmaster
Hi,

Is it best to stay out today because of the holiday? But can we still trade normally in the US session?

Evilmaster
Trading schedule should be the part of your trading plan, for a more detailed explanation pls visit forex military school and check Chapter 4 about trading sessions here:

http://www.forexpeacearmy.com/forex-...on-pro-banker/
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