Sonic R. System | Page 1334 | Forex Factory

Options

Go to
Permalinks
Print Thread

Similar Threads

Sonic R.evolution 95 replies

The System Behind the System, by Merlin Jeffries 16 replies

Old School Sonic System + Other Things 11 replies

Knife system, Vegas 4h system related questions. 4 replies

Would you trade this system? New system #2. 10 replies

Attachments: Sonic R. System
Exit Attachments

Sonic R. System

  • #26,661
  • Edited 8:12pm Sep 20, 2011 7:53pm | Edited 8:12pm
Pipphunter,

Gold looks possible now for a retrace/pullback downwards in the trend up. I am not suggesting trading it, but if the retrace happens, then look for a new long setup; trading the up trend.

Do you concur? Other thoughts you have on this?
Attached Image (click to enlarge)
Click to Enlarge Name: # sept 20, 2011 - 169.gif Size: 39 KB
  • #26,662
  • Sep 20, 2011 8:16pm Sep 20, 2011 8:16pm
Quoting traderathome
Pipphunter,

Gold looks possible now for a retrace/pullback downwards in the trend up. I am not suggesting trading it, but if the retrace happens, then look for a new long setup; trading the up trend.

Do you concur? Other thoughts you have on this?
let the maket deside.
Attached Image (click to enlarge)
Click to Enlarge Name: 44.gif Size: 32 KB
  • #26,663
  • Sep 20, 2011 8:19pm Sep 20, 2011 8:19pm
Quoting Gloryrose
let the maket deside.
Well, of course we let the market decide. But that has nothing to do with the important question I am asking pipphunter. There might be a retrace. If there is, does it make sense to trade a short setup if there is one. Or, is it best to ignore all that, and await a long setup, if there is one following any retrace.

A meaningful retrace might not even happen. But if one does, I'd like pipphunter's thoughts on all this since he trades gold.
  • #26,664
  • Sep 20, 2011 8:23pm Sep 20, 2011 8:23pm
can anyone explain the sudden surge/spike in EURJPY just 5 minutes ago?
  • #26,665
  • Sep 20, 2011 8:37pm Sep 20, 2011 8:37pm
Quoting PipPipPip
can anyone explain the sudden surge/spike in EURJPY just 5 minutes ago?
I can only take a guess. Others may have differing opinions.

The spike down excited an increase in trading at the lowest price region. Buying longs/closing shorts? The return rise also excited increased trading. This might mean that those watching the drive down, and the sudden very high volume at the bottom, decided longs were being taken on board, and so they went long as the price rose. This added to the acceleration of the rise.

The conclusion, therefore, in the most unspeakable terms is that this was a "torpedo and buy" drive down, and when others saw it, they too jumped in on the buy side as the price started rising and helped to fuel the rise. And, therefore, if all this is correct, this is going even higher. The London trading outfits will have something to say about it. If it is going higher, you can bet they want in, but at lower prices if they can manage it.

There, all opinion, and sure to rile some others here that refuse to accept that this sort of price manipulation happens.
  • #26,666
  • Edited 10:58pm Sep 20, 2011 9:33pm | Edited 10:58pm
Quoting PipPipPip
can anyone explain the sudden surge/spike in EURJPY just 5 minutes ago?


Understanding The Exact Process Behind The Movement In Price

Trade What Is Real, Not What You Feel: Quantifying Supply (resistance) and Demand (support) In The Forex Markets

From Why You Win or Lose, by Fred C. Kelly:

"Vanity, one's own personal vanity, is probably the greatest single enemy to stock market success. It is vanity that leads us to take small profits but large losses. Even a fraction of a point profit is all right, because as small as it is, you have nevertheless beaten the game , and this is a sop to vanity. But a fractional loss hurts your pride and instead of accepting this small loss after a stock begins to look sour, you say you'll wait until you get out even. To take a loss is a confession that your original judgement was wrong, and that is not a nice thing to admit. You hate to have your broker know that you were a victim. Worse, you shrink from having yourself know it. Unconsciously, a man often says to himself: "I'm going to make up that $100 loss if it costs me $1000!" While you are waiting to get out even, the price sinks to a point where the facts are too painful to face. You don't sell then until your broker orders you to sell." Fred C. Kelly, Why You WIn or Lose, chapter 2

"... your broker orders you to sell," also known as the Margin Call.
  • #26,667
  • Sep 20, 2011 9:45pm Sep 20, 2011 9:45pm
According to dd, somebody had a broker that dropped the price mighty far, and then gave him a margin call. But, the guy spent so much money in retaliation to his brokers move, that he actually restored the price!!
  • #26,668
  • Sep 20, 2011 10:31pm Sep 20, 2011 10:31pm
Quoting shujiXakira
hi dd,

please enlighten how you figure out that support red line?
Watch the webinars linked in post 26666 and you will get a good start on learning how to do this - he can explain it much better than I.

Quoting ddaytrader
Understanding The Exact Process Behind The Movement In Price


Trade What Is Real, Not What You Feel: Quantifying Supply (resistance) and Demand (support) In The Forex Markets
There is smart money and there is dumb money. Each of us has the power to choose which of the two we each will become.

The difference between the two is that smart money knows what causes price to move, whereas dumb money only thinks they know.

Which do you choose to be? Success, my friends, is a choice. As Sam Seiden says, success requires that we trade what is real, not what we feel.

And a special thanks to Nando for reminding me about the SS webinars. I hadn't watched them in years, but his teachings in these is solid and generous. Study those two webinars, and practice practice practice and you will find yourself eventually seeing opportunities like these as they unfold, rather than a day later after price has already moved 100+ pips ...
Attached Image (click to enlarge)
Click to Enlarge Name: dd just might know a thing or two worth learning.jpg Size: 97 KB
  • #26,669
  • Sep 20, 2011 10:42pm Sep 20, 2011 10:42pm
Quoting ddaytrader
Watch the webinars linked in post 26666 and you will get a good start on learning how to do this - he can explain it much better than I.



There is smart money and there is dumb money. Each of us has the power to choose which of the two we each will become.

The difference between the two is that smart money knows what causes price to move, whereas dumb money only thinks they know.

Which do you choose to be? Success, my friends, is a choice. As Sam Seiden says, success requires that we trade what is real, not what we feel.

And a special...
And now you are posting non-SonicR entries?
  • #26,670
  • Sep 20, 2011 10:53pm Sep 20, 2011 10:53pm
Quoting foxybunny
...To me, the BB do exist...
I agree. When someone explains price action in terms of support/resistance and supply/demand it is precisely the BB's who are providing the supply and the demand. The BB's are fighting it out among themselves - against each other. They are not "running price up" so that they can then "run it back down." Price moves when one side gains control over the other. The BB Buyers are battling it out with BB Sellers. The price chart is the ongoing recording of this battle. We can learn to read this recording of this battle and gain an edge by aligning our positions with the side that is looking to gain the upper hand. There is no "unified front" of the BB's against us, the retail trade. It is every trader for him or itself - from the banks to the hedge funds to the multinational corporations to each and every one of us pikers sitting on a computer in our homes or offices. It is always and forever will be Buyers versus Sellers. Learn to understand the battle, and you may win the war.
  • #26,671
  • Sep 20, 2011 11:39pm Sep 20, 2011 11:39pm
Quoting traderathome
UChf:

Entered long, EP= 0.8879.

This is a classic SonicR long, but high risk due to not being a London session trade. For analysis of HLs, I am ignoring the spike down (I have my reasons).
Revised TP reached. Trade closed.

TP= 0.8952
EP= 0.8879
Net profit= 67 pips

When PA made a LL, the FE was redrawn and the TP revised.
Attached Image (click to enlarge)
Click to Enlarge Name: # sept 20, 2011 - 171.gif Size: 37 KB
  • #26,672
  • Sep 20, 2011 11:57pm Sep 20, 2011 11:57pm
UChf:

Entered long for another trade, EP= 0.8899.
Attached Image (click to enlarge)
Click to Enlarge Name: # sept 20, 2011 - 172.gif Size: 38 KB
  • #26,673
  • Sep 21, 2011 12:03am Sep 21, 2011 12:03am
Hi TAH!

It looks like it's not a Sonic setup, ah?

But as I understand it's kinda a S&R setup.
  • #26,674
  • Sep 21, 2011 12:07am Sep 21, 2011 12:07am
Quoting phi1ipp
Hi TAH!

It looks like it's not a Sonic setup, ah?

But as I understand it's kinda a S&R setup.
It sure is a classic SonicR long setup. It ran and I closed. PA pulled back below whole number and I re-entered. It is all classic SonicR. My re-entry is even below where some would have made their first entry, waiting for PA to pass previous significant highs, i.e, as does Basber.
Attached Image (click to enlarge)
Click to Enlarge Name: # sept 20, 2011 - 173.gif Size: 38 KB
  • #26,675
  • Sep 21, 2011 12:10am Sep 21, 2011 12:10am
Quoting traderathome
It sure is a classic SonicR long setup. It ran and I closed. PA pulled back below whole number and I re-entered. It is all classic SonicR. My re-entry is even below where some would have made their first entry, waiting for PA to pass previous significant highs, i.e, as does Basber.
Oh, I see. You mean it's an example of classic re-entry, except for the timing
  • #26,676
  • Sep 21, 2011 12:16am Sep 21, 2011 12:16am
don't have such spike..
Attached Image (click to enlarge)
Click to Enlarge Name: 2.gif Size: 26 KB
Patience is the key.
  • #26,677
  • Sep 21, 2011 12:17am Sep 21, 2011 12:17am
Quoting phi1ipp
Oh, I see. You mean it's an example of classic re-entry, except for the timing
It is a re-entry, so it can serve as an example of a re-entry. However, the re-entry level is so low, and below previous siginificant highs, it is also an example of a first entry on a classic SonicR; a conservative entry instead of several pips beyond first candle out of Dragon on Leg 3, the trader waits for PA to pass previous significant highs. That is an entry option of SonicR.
  • #26,678
  • Sep 21, 2011 12:24am Sep 21, 2011 12:24am
Quoting odges
don't have such spike..
You can read on Forex Factory below article on this pair. Many posted comments about the spike, which apparently stems from "invalid data" that some brokers received over a short period of time. The brokers are not explaining what they mean by "invalid data". And the spike seems different on the platforms of some brokers.
  • #26,679
  • Sep 21, 2011 12:49am Sep 21, 2011 12:49am
Quoting traderathome
UChf:

Entered long for another trade, EP= 0.8899.
UChf:

Manually closed trade.

Close= 0.8940
EP= 0.8899
Net profit= 35 pips
Attached Image (click to enlarge)
Click to Enlarge Name: # sept 20, 2011 - 174.gif Size: 38 KB
  • #26,680
  • Sep 21, 2011 1:33am Sep 21, 2011 1:33am
Quoting traderathome
GU:

I made a late session entry long (London already closed).
EP= 1.5709.

This has a series of higher HLs, with now the highs butting up against resistance line while lows continue marching up. This looks like a more probable breakout up, than down. The move, if it comes, might be delayed until tomorrow. With consideration for the HLs already cast I did not wait for another new candle to exit the Dragon for EP definement. I just looked for an opportunity to enter low. Anywhere inside the Dragon seemed reasonable for a long entry.

The SL is...
GU:

Stopped out.

SL= 1.5714
EP= 1.5709
Net gain= 1 pip

After PA broke up thru upper level (thin black line), the SL was moved up to BE+ 1 pip.
Attached Image (click to enlarge)
Click to Enlarge Name: # sept 20, 2011 - 175.gif Size: 37 KB
20 traders viewing now