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Sonic R. System

  • #28,381
  • Nov 24, 2011 6:08am Nov 24, 2011 6:08am
Hi Tah, nice to see you were back.
  • #28,382
  • Nov 24, 2011 6:10am Nov 24, 2011 6:10am
Quoting WW The Saint
Hi Tah, nice to see you were back.

Ya Mate..

He has been emo free trading...since he is back..
Very Logical.. Superb MM

Sonic
  • #28,383
  • Nov 24, 2011 6:13am Nov 24, 2011 6:13am
EG:

Sandwiched between SRs. If breaks up, then a SonicR EU long might be better than one for GU. If breaks down, then the reverse. I am in this short, expecting a drop. And I have just entered GU long. I may have jumped the gun on these two pairs, but that is the way the situation looks to me. Time will tell.
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  • #28,384
  • Nov 24, 2011 6:20am Nov 24, 2011 6:20am
Quoting WW The Saint
Hi Tah, nice to see you were back.
GM, Saint. Thank you for that welcoming. It is good to be back.
  • #28,385
  • Nov 24, 2011 6:21am Nov 24, 2011 6:21am
Quoting sonicdeejay
Ya Mate..

He has been emo free trading...since he is back..
Very Logical.. Superb MM

Sonic
indeed, I like current TAH more than ever...the thread is in good hand now....
seeing through
  • #28,386
  • Nov 24, 2011 7:03am Nov 24, 2011 7:03am
Quoting zz_zhang
too early to tell, e/u testing 1.3400 but not breaking still.

let the market decide.

BO TL didnt hold, stop out -18 pips
trade safe
  • #28,387
  • Nov 24, 2011 7:07am Nov 24, 2011 7:07am
Bank Holiday.. Mate..
Do not overexpose urself with my positions..

Sonic
  • #28,388
  • Edited 8:03am Nov 24, 2011 7:34am | Edited 8:03am
Quoting sonicdeejay
Bank Holiday.. Mate..
Do not overexpose urself with my positions..

Sonic
Yes, you are wise. Good advice. It is now after 1:30pm local London time, and PAs look to have gone into ranging on various pairs. Perhaps the BBs have prices where they want them as they prepare for the next moves (Friday or next week?).

So, the BBs simply go into computer trading to jack the prices up/down in a range, sucking up whatever liquidity they can find that helps them build for the future. If we are looking for completion runs on our trades, it is looking less likey they will happen today.
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  • #28,389
  • Edited 9:25am Nov 24, 2011 8:01am | Edited 9:25am
"stone age" setup from S&R level..let's see if it reach TP1 at least

EDIT: closed 8/10 of lot @3317, SL@BE
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Patience is the key.
  • #28,390
  • Nov 24, 2011 8:07am Nov 24, 2011 8:07am
Quoting odges
"stone age" setup from S&R level..let's see if it reach TP1 at least
EU:

A different viewpoint. BBs playing the liquidity game today. Keeping PA ranging while they squeeze out of the market whatever suits their future plan. If there is any hint of their future plan, it may be in which side of the range there is the most activity, where there are the best volume hits.
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  • #28,391
  • Nov 24, 2011 8:09am Nov 24, 2011 8:09am
Has anyone seen the educational videos on Elloit waves. I´m very new at trading, but so far this has got to be one of the best educational videos i´ve seen. Quite old the videos, but so simple. Now just to try and apply it.
  • #28,392
  • Nov 24, 2011 8:15am Nov 24, 2011 8:15am
Quoting traderathome
EU:

A different viewpoint. BBs playing the liquidity game today. Keeping PA ranging while they squeeze out of the market whatever suits their future plan. If there is any hint of their future plan, it may be in which side of the range there is the most activity, where there are the best volume hits.
well...nobody knows talking about BB's, they have to throw out all longers @3317-3310 at least
Patience is the key.
  • #28,393
  • Edited 8:42am Nov 24, 2011 8:19am | Edited 8:42am
Quoting riandouma
Has anyone seen the educational videos on Elloit waves. I´m very new at trading, but so far this has got to be one of the best educational videos i´ve seen. Quite old the videos, but so simple. Now just to try and apply it.
Not to knock Elliot waves, but anything technical that protends to predict future placement of PA is pitted against the big money players in the market. And at any time, they can move PA according to their will regardless of all logic and all technicals.

At least with the Sonic R. System we are dealing with the most recent PA movements, in the best time to be trading the market, and in full cognizance of support and resistance. And this seems to be the best way to stay flexible, and to grasp the "will of the market" for successful trading results.

But, "Everyone to their own tastes.", said the man who kissed the cow.

Not including the two carryover trades from last week, closed for 81 pips profit on Monday, I have this week opened and closed 9 Sonic R. trades for 425 pips profit. And I still have three new trades running, as a group currently down about 100 pips. Were I to close them now I'd have a hit rate of 75% for a total of 325 pips. Had I not made the mistake of opening these three new trades in the face of the US bank holiday (i.e., not the best time to be trading the market), my hit rate would be 100% for 425 pips. The fault is not with the Sonic R. System, it is with the man in charge!
  • #28,394
  • Nov 24, 2011 9:01am Nov 24, 2011 9:01am
GU:

On H4, price hit the FE 100% area, and so far is holding. My long trade mental SL has not gone into effect, even though the price hit several pips below it. I am leaving the long trade running because some of the highest volumes of the London session have come during the progress of the current drive down. So, it looks to me on that basis that the BBs are both hunting SLs on longs, as well as attracting shorters so the BBs can add more longs.
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  • #28,395
  • Edited 9:36am Nov 24, 2011 9:16am | Edited 9:36am
Quoting traderathome
EG:

Entered short. Weak M15 SonicR setup for short (flat Dragon and Trend), and this is an early entry as PA pulls back up just above whole number, accompanied by very high relative volume at the top of the pullback (possible stopping volume).
EG:

Manually closed trade for 10 pips EP to TP.

With Sonic R. so far this week I am 10:12, a 83+% hit rate for 369 pips.
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  • #28,396
  • Edited 10:41am Nov 24, 2011 10:07am | Edited 10:41am
GU:

Only remarking on this because it is one of the two trades I still have....

Over the past five days price dropped 400 pips from high to low. Interesting is that today, a US bank holiday, volume into the US session was overall the highest for the entire day! And it was on the drop of the price actually thru the 1.5500 whole number previous support.

This has me thinking GU has found good support, multiple bottoms in this area over last two days. No telling what will happen tomorrow. New movement up might also include another temporary stab down, courtesy of the US BBs coming back to work. But, the London session PA today looks like a Bull flag to me.

Also, there is that thing about PA having achieved the H4 FE 100% level, a good stopping place near the range low mark for the week (2nd chart).

One thing is certain, after these past days of decline, there is plenty of room for the BBs to make money now as Bulls, without letting price bust thru any "taboo" levels that might precipitate a free-fall!
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  • #28,397
  • Nov 24, 2011 10:34am Nov 24, 2011 10:34am
AU:

Only remarking on this because it is the only other open trade I have.

On H4, the FE shows PA leveling off at the 127% area, and the FR shows PA hit the 78.6% retrace level. All in all, it might be viewed by the BBs as ripe for a swing back up. Biggest volume today was on the main drive up. But good volume also occurred later, at the lows achieved when the price was dropped back down. So, this too appears to have bullish opportunities.
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  • #28,398
  • Nov 24, 2011 10:49am Nov 24, 2011 10:49am
Quoting traderathome
AU:

Only remarking on this because it is the only other open trade I have.

On H4, the FE shows PA leveling off at the 127% area, and the FR shows PA hit the 78.6% retrace level. All in all, it might be viewed by the BBs as ripe for a swing back up. Biggest volume today was on the main drive up. But good volume also occurred later, at the lows achieved when the price was dropped back down. So, this too appears to have bullish opportunities.
Nice one, TAH rock on all TF with Sonic R....

DDaytrader must be very pleased seeing this....
seeing through
  • #28,399
  • Nov 24, 2011 11:25am Nov 24, 2011 11:25am
Quoting pipphunter
Nice one, TAH rock on all TF with Sonic R....

DDaytrader must be very pleased seeing this....
Thank you, pipphunter. Speaking of ddaytrader, apparently he has been away since before I returned.

The bad side of that is that he is not here to also appreciate this.

The good side of that is that he is not here to take credit for it!


Just joking! Ddaytrader is definately one of the Sonic R. System "Good Guys", with very disciplined trading.
  • #28,400
  • Nov 24, 2011 12:27pm Nov 24, 2011 12:27pm
Quoting traderathome
EG:

Manually closed trade for 10 pips EP to TP.

With Sonic R. so far this week I am 10:12, a 83+% hit rate for 369 pips.
Raw.
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