Sonic R. System

No prob -You guys go do whatever fight you have to do I´ll go on teaching what I know about s/r, and stay tuned to this thread in the background.

Regards,
H.

Thanks mate...great post!!!

This the key for the success here...understanding the supply/demand/turn around points and to see how the PA react there...

I'd like recomend to the guys the Sam Seiden webinars and articles...i was all the weekend studying it and it's interesting to undestand the market flow.

Kind regards,
Nando.

What pity...great lost here.

See you in the background

Regards,
Nando.

I agree. There is a ton of Seiden stuff out there, and if you spend the time studying it, there are some real gems.

This video is a good starting point:

http://www.youtube.com/watch?feature...&v=s2uW1H29jGU

I have deleted most of my posts from today.

TAH, I struck out at you out of frustation with you because you completely missed the point of my first post, which was to suggest that you read two books in particular that helped me in the past, both of which I think will help you in the future.

For now, I have put you on ignore, because frankly, TAH, you are going to give me a heart attack or stroke or possibly both.

You do post too much that leads newbies astray. But if Sonic will not step up and put a stop to it, then I should not do so myself.

If Sonic will not, and I should not, then it is up to you to fix what is wrong with you, TAH. So I will reiterate that part of my earleir post which was really intended to help you, not attack you.

I wish you well. I hope going forward you decide to exercise more discretion in your posts so as to lessen the harm you do to newbies. But I simply can no longer deal with your posts any longer, and I am sorry. I have simply run out of patience.

"TAH, none of what follows is meant to be derisive or insulting in nature. I mean everything I say here to help you. Most importantly, I am saying all that follows so that I might help you find a way to help yourself.

TAH, do yourself a favor. I am going to suggest two books for you to read. These books helped me. They have helped hundreds and thousands of traders work through the emotional issues involved in becoming a trader ready not only to do battle in the market, but to win that battle.

The first book is The Disciplined Trader by Mark Douglas. Read this book, not his second book. This is the book you need.

The second book is Why You Win or Lose: The Psychology of Speculation by Fred C. Kelly.


If I were you, TAH, I would get my hands on these two books, log off forexfactory, and spend a week or two reading and thinking about the material in those two books and how it relates to me and how I have been trading. Even Sonic himself has taken extended breaks from the bulletin boards. You need some "Me" time for yourself, TAH. Get those books, find yourself a comfortable nook in which to settle down, and have a blast. You will come back with fresh eyes, fresh thoughts, and a fresh sense of what you have to do do to get it done in the market.


I promise you, TAH, that you will not be wasting your time so long as you read those books with an open mind, and you are willing to be honest and humble both to and before yourself."

HI,
I am new at Forex and i am glad to find these Forum where so many people want to help.
I searched for a strategy at google but everybody want only my money on the world wide web so i am really glad that i find these forum.
I want to learn this strategy for my entry´s and exit´s and stop limits.
Thank you very much Sonicdeejay that you share everything here.
But i cant download the zip files and pdf. file from the first page.

Thanks i watched it early...

Thanks for the book recomendations....i'm going to read boths...i've read the another Mark D. book.


Regards,
Nando.

here a pic of a poster in another thread (Priceaction) i hope he don't mind.

Here is one of Seiden's webinars ... hopefully the link works, and if not, I will try to repost it.

http://www.fxstreet.com/webinars/ses...3-e8f5ecee780e

Why it was donw??

Just my 2cents.

Warren Buffet is a unique man, a unique rich man. And, he is a man to be respected.

Ok. What is that about?

Well, there are tax laws in the US that allow rich people to pay a smaller percentage of their income in taxes, than do their secretaries! That is shamefull. Of all the rich people in the entire USA, only Warren Buffet has denounced this law, is ashamed of it, and has publicly stated things should be changed. In the entire country of the USofA, he is the only rich person with a keen sense of morality and fairness,.....the ONLY RICH PERSON IN AN ENTIRE COUNTRY THAT HAS SPOKEN OUT ABOUT THIS!

So what?

So, the rest of the rich you can assume are out for themselves. They are the ones that lobbied for such laws. They are the ones that will fight to keep things from changing. And it would be safest to assume they are the ones that run the high powered trading firms in the forex market, that will first drive prices one way to load up in anticipation of a big run the other way! Their intent is to drive the price as far as practical to stop out other traders on the right side of the future move. Their intent is to trigger into the market all the pending orders possible that are for the wrong side of the future move. These people are sonsofbitches that think nothing of stealing your position/money away from you.

So what?

Friday, I suggested BBs might have made such a drive up in anticipation of a later move down. Aligater and ddaytrader jumped on my case, eviserated me for being so stupid as to even suggest such a thing as being possible, accused me of not having a clue in the forex market, and of being a teacher of crap!

So What? Here is the "So what"....

.......On the Sonic R. thread, everyone has the right to express an opinion, right or wrong, without being crucified for doing so. On Friday I expressed the opinion that IF the price of EU were later to drop, then the move up Friday was caused by BBs expecting that to happen, and drove the price up for the reasons that I gave. Aligater and ddaytrader jumped on me for talking in terms of something they could not understand, and therefore labeled it nonsense, and they crucified me for it.

EU, according to FXDD, gaped down about 90 pips at the open for the week, and is now down over 100 pips from the close on Friday. This is the largest gap for the open of a week in a very, very long time.

What drives the market can be fundamentals, technicals, and psycology. Psycology is a misnomer. It should be referred to as greed, the greed of the amoral rich mentioned above. And when they decide to steal a lot of money from the sheep, they will do EXACTLY WHAT I DESCRIBED on Friday.

I am not teaching via the post I made Friday. I am only expressing a viewpoint. I am not suggesting anyone deviate from Sonic R. What I am hoping is that Sonikers will accept such posts as a possible "heads up" or even as a "warning" if they, in this case, were long. I do not feel I, or anyone should be so slandered as I have been for posting as I did. I feel the gap down today exonerates me. Such as this is never taught in forex classes, but there it is, the viewpoint and the result.

To aligater and ddaytrader, I apologize for my harshness in reply to their accusatioins. I simply tired of having to defend myself. I only wish they, and others like them, could open their minds. If they cannot, then I wish they would at least be tolerant instead of instantly accusing. In this case, I hope they learn something not in the "books".

And about books, and specifically to ddaytrader who recently used Livermore in his posts, he should re-read how Livermore himself manipulated the market, placing buy orders with several brokers while having already placed larger sell orders with others. He got the markiet moving up at small cost to himself because he sold his buys at higher prices, when the rise in price which he got started reached the price of his waiting sell orders!

That was price manipulation instigated by a single individual many, many decades ago. You can either believe that since then the market has repented, and no longer does such things. Or, you can believe the rich and powerful in the market have gotten laws passed that increase their leverage, and are using technology too, both to vastly improve their ability to manipulate market prices today.

Regards,
-tah

Hmmm ... lookey what I see ...


Here we see the EU falls from its first touch against the shorting zone ... I needed no stories and no fictional characters known as the BB Gang to figure this out. I do not car who was buying on the way up and why, and I do not care who is selling or why. It is all writ on the charts for those with eyes and mind open to seeing it.

If you need wild stories to support your analysis, then you are a story teller, not a trader.

These are auction markets governed by bids and offers, demand and supply, support for prices and resistance to prices ... not international spy novels.

Everyone has different understanding/trading styles. If you have a certain aspect, then thats the mind set you have. If you attack someone because if they differ from yours, then your ignorant.

Respect all thoughts and ideas. Rather than attack someone 'because they think about fundies,' give your reasoning without laminating the other party. Trying to be 'on the high horse' makes you look like a douche and know it all. No one knows it all, esp in the forex market.

You cant change peoples minds by attacking their character, rather, if your words/writings that rings right most times than naught, then others will gravitate towards you. Thats the law and orders of things.

http://www.youtube.com/watch?v=4mCgG1XbBHw


1) Charector
2) Common sense
3) Creativity.

This is gives the 'best hedge-fund' in the world its edge; in terms of markets, capital, and esp top talent!

I share/open sonic R to have positive impact on my fellow Sonikers..

Pls keep that in mind..

I want u guys to cool down lil bit..

Thank..

Sonic

Yo Sonic
I agree with your last statement.
I have been reading through the whole thread and have found a good system , with well intentioned people, a variety of opinions and knowledge, all to benefit the newbies and to further the understanding of the system as well as the best ways to trade it.
It will only be spoiled by conflict.
Folk just agree to disagree and get on with the trading. Post your trades so we can all learn.Post your ideas so we can think about them whether we adopt them or disagree with them.
Good trading today!

Lookie what I see. EU falls after an opposite drive up on Friday by BBs who at least had a strong suspicion this fall was coming. The only role S&R had in this was that the drive couldn't make it past the previously established SR area. In all likelyhood this was because there were simply too many sell orders there for the BBs to bother trying to "work" the price thru that area to go higher. It is all about money required to move thru the levels, and the potential profits to be made. At the SR area, too much more money would have been required to move thru too small an area of levels.

This is not fiction. This is not taught in forex classes. But this occurs quite frequently in any trading market. It goes beyond the simple study of support and resistance and of supply and demand. It goes to the heart of the market, which is a very greedy place dominated by big money with the leverage and will to manipulate prices opposite a future move, for position building ahead of that move. Does that mean some "BBs" know what is coming? Maybe. Sometimes. Look back on charts. See that frequently ahead of big moves there is an opposite move, much like what happend on Friday, ahead of what is happening now. Make up your own mind. Don't buy into the silly senario that this can not be happening, that everything is explained by support and resistance/supply and demand zones, and nothing but support and resistance/supply and demand zones.

Real people, with real greed, and with no qualms about taking your money instigate such moves. S&R areas, supply and demand areas are just road signs along the convoluted path. They are powerless to demand that price go up or down. Real people, rich people, intent on stealing your money are what cause price to go up and down. And when they sense a big move coming and decide to put on an opposite drive to build a position, their only regard for S&R/supply and demand is how much money will be required to drive the price thru the areas to get beyond them. Their drive is to stop out those on the right side of the future run, and to trigger execution of pending orders of those that will be on the wrong side of the future run. All this helps them build a position ahead of the future run. And their only regard for SR/SD is how much it will cost them to break an area to hit more SLs and to trigger more pending orders that lay beyond, i.e., will it be profitable to do so. Sometimes "yes" and they will break thru an area to get to the fruit beyond. Sometimes "no" and they will stop the drive at an area, as was the case Friday. It is all about yields and profits.

This is not fiction. This is not novel writing. This is the real world of the trading markets. And we are seeing a good example of this right now, starting with the EU drive up on Friday, and now the drop. EU PA is down over 130 pips from the close on Friday. And this is just the asian session.

This is anything but a "normal" bounce off resistance/supply zone.

Regards,
-tah

EU:

My EU trade from Friday is running nicely. When volatility increased, I removed the SL. It was too close to begin with. I was not sure where to place it so I didn't. I was trading with the trend and not bothered by seeing the whipsaw out without the SL being placed elsewhere.

When PA hit SR, I added to the short trade. Later in the day I removed my TPs, deciding to wait for this week to see how PA goes. I sensed this to be an unusual situation that could turn more profit.

I still have not set TPs, not on this EU short trade nor on my GU short trade, both of which I sense could go much lower this week. But, at any time I might commit to TPs, or even to manually exit. It is just that right now I think it is too early to make such decisions.

Nice Shorts, TAH!