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Sonic R. System

  • #40,601
  • Nov 8, 2012 2:18pm Nov 8, 2012 2:18pm
AUDUSD short
EP 1.0411
SL 1.0432
TP 1.0385 but watching trend line carefully. If it bounces off I'm quickly out at break even
Attached Image (click to enlarge)
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  • #40,602
  • Nov 8, 2012 2:28pm Nov 8, 2012 2:28pm
Quoting traderathome
If it starts dropping, my nearest TP has been 1.0276 area. But, if I were looking for something within the day range, it would be around 1.0369, and figuring it to go a bit lower but this would be conservative and less likely to miss the exit.

And, do I mean what? That I'd like to see it go back up before it starts a short setup? Yes, most definately. If the market thinks well of the profits to be made on a substantial run down, then it is more inclined to spike the price up again first, if it can get away with doing so (and when has it ever been...
AU Comment:

There it is! That looks like a good "fanfare" sendoff for the price to start lower now. It is a nice set of candles with good range, up/down/up/down,.....as the market encourages longs into the market and takes the short side of all the action it is soliciting. To me, it is saying the market is extremely bearish on AU now, and has manueuvered the price gradually upwards over enough time to sucker lots of longs into the market so the market was able to build a nice short position. This strategy might be repeated. That is the one thing we cannot know; the timing of the sendoff downwards. But this now looks a lot better for shorts.
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  • #40,603
  • Edited 4:33pm Nov 8, 2012 2:47pm | Edited 4:33pm
GU Comment:

PA did not reach the target on my most recent trade. And then the price was rammed right back up and even higher! Is the market bullish? Heck no! Just look at the trading levels/volume for that move up, and what happened immediately after the market reset the price high! Do you see what I see? I see that the highest levels of trading occurred after the price was manueuvered back up. And look at the preceding run down. The highest levels of trading were on the selloff candle. Add those two considerations together and you have a picture of the market heavily shorting and then promptly restoring the price higher again to add more shorts, to get a better average price on the short position it is building. And add that picture to the fact that the market spiked up the price the previous day, also likely a move to add shorts, and the picture says the market is very bearish on this pair and loading up on shorts. Just my interpretation of price and trading, though. Short trade is still running.

Edit (about 1.75 hours later): Hey, look at this (pic. #2)! Sure looks like another price maneuver designed to help the outfit doing it to build shorts thru the creation of market liquidity by hitting stops on shorts and triggering pending long orders. Another sign the market is becoming more bearish.
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  • #40,604
  • Nov 8, 2012 3:21pm Nov 8, 2012 3:21pm
Quoting traderathome
UCad: Long entry triggered.
Quoting traderathome
UCad: Entered trade #2 short, per attached. SL remains mental. Same TP1.
Quoting traderathome
UCad: M5 long entry. Have two other trades running on this. This one will be shown later on the same chart as the others when the trades are all closed.
UCad: The three trades are closed manually at 1.0002 for 150 pips gain, EP avg. x3 to close.
Attached Image (click to enlarge)
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  • #40,605
  • Nov 8, 2012 3:47pm Nov 8, 2012 3:47pm
Hey guys, just wanted to thank all the contributors and especially TAH for sharing their insights and SonicR trades. This information has been extremely conducive to my learning and understanding of the forex market. I am a new trader and after looking through many of the successful systems on FF, have settled on the Sonic R System.

"To start with the Sonic R. System, read all of Post #1 and the linked material. Read the first 25-50 of Sonicdeejay's posts. Read at least the last month of all posts. Please do not ask any questions for the first month of studying this system, because as you read, reflect, and read more, all of your questions will become answered thru your own efforts."

I have completed the above tasks and will continue to follow the thread, study the system, and reflect on the trades people are taking. I will soon be posting my own trades using SonicR system. I still have some difficulty identifying trade setups so any feedback will be greatly appreciated. I look forward to one day being able to give back and share my own knowledge as TAH, sonicdeejay, and so many others of you have done. Thanks again fellow Sonicers.
  • #40,606
  • Nov 8, 2012 4:25pm Nov 8, 2012 4:25pm
Quoting Boxer
Hey guys, just wanted to thank all the contributors and especially TAH for sharing their insights and SonicR trades. This information has been extremely conducive to my learning and understanding of the forex market. I am a new trader and after looking through many of the successful systems on FF, have settled on the Sonic R System.

"To start with the Sonic R. System, read all of Post #1 and the linked material. Read the first 25-50 of Sonicdeejay's posts. Read at least the last month of all posts. Please do not ask any questions for the first...
Boxer, great post! Thank you. If every new acquaintance with the Sonic R. System did as you have done, their own progress would be better, and the workload on the rest would be lighter. And we could all concentrate more on S&R, the Dragon and PA waves.

Again, thank you, Boxer.
-tah
  • #40,607
  • Edited 5:33pm Nov 8, 2012 4:55pm | Edited 5:33pm
EU Comment:

This is speculative, but it seems to me logical that since the market has become more bearish EU, and more bullish USD in general, that the next substantial move will be down. It also occurs to me that increases the likelyhood of the price being maneuvered up beforehand, so the big players can add shorts at higher prices and raise the average of their short positions overall. If a move up happens, there are two likely areas it may move up to; the top of the range shown in the attached picture, and the upper whole number area that is a little higher. This is essentially the upper 3/4 number and whole number areas, or anything in between.

If you believe the market might attempt such a play, if a Sonic R. long setup occurs there could well be enough room to make a cautious counter-trend long trade reasonably profitable with either of those two targets. And, the price could even go higher (never underestimate the greed and the manipulative power of the market).

One thing is for sure (or reasonably so), just looking at PA. There is concentrated consolidation going on, which means a lot of preparations have been taking place for whatever the next big move is. Another consideration is reasonable also. If prices are going to be heading down then it makes sense to stall that process in order to build really big short positions first. Therefore, why not jack up the price on Friday, the last day of the week, and keep it up into the beginnings of next week. That seems more logical than blowing the opportunity to build shorts and just shooting the price down further on the last day of the week.

In pic. #2 you can see some PA waves suggesting this could be leading up to a Sonic R. long setup breakout. But, alas, things rarely go so nicely. So, in all probability, the asian session will screw up this nice picture with a spike down,....a lower low to mess with the nice pattern otherwise forming. Sure, and why not? If the market is planning a big move down and is planning a beforehand move up to load up on shorts, then why not a pre-beforehand move down to load up on longs to profit even more on the move up,...the one before the big move down?
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  • #40,608
  • Nov 8, 2012 5:52pm Nov 8, 2012 5:52pm
Thanks for those comments TAH.. Have you added to your AU position today? or you waiting for a better set up?
  • #40,609
  • Nov 8, 2012 5:56pm Nov 8, 2012 5:56pm
I have entered the AUD/CAD short. This would be a more aggressive entry as the Dragon is not pointing down. Had I not closed my previous entry this would be my average in entry point. The stop loss is mental.
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  • #40,610
  • Nov 8, 2012 5:56pm Nov 8, 2012 5:56pm
Quoting Ck87
Thanks for those comments TAH.. Have you added to your AU position today? or you waiting for a better set up?
Have I added? Heck, man, if I added any more I'd be nuts! I have enough on this one. What is needed is not more shorts, just patience now.
  • #40,611
  • Nov 8, 2012 6:41pm Nov 8, 2012 6:41pm
Haha, must be a big position then I only ask because it looks like such a pretty short! I can't imagine all the shorts on the other currencies past few days are just gonna watch the aussie sit up here and extremely overbought levels.

NZD took it on the chin a bit harder past couple days. Now it's mr AUD's turn IMO. Looking for this market to drop 200 points. Whatever excuse traders have to smash it down (economic news, whatever) will be used, not that any news needs to come out for it to happen It'll happen either way if it's in the cards.
  • #40,612
  • Nov 8, 2012 7:22pm Nov 8, 2012 7:22pm
Quoting Ck87
Haha, must be a big position then I only ask because it looks like such a pretty short! I can't imagine all the shorts on the other currencies past few days are just gonna watch the aussie sit up here and extremely overbought levels.

NZD took it on the chin a bit harder past couple days. Now it's mr AUD's turn IMO. Looking for this market to drop 200 points. Whatever excuse traders have to smash it down (economic news, whatever) will be used, not that any news needs to come out for it to happen It'll happen either way if it's in the cards....
Not sure what H&S experts would say about this. Maybe jayjonbeach might comment. Is it? Is neckline positioned correctly? Anyway, even if "no" to both, it might still suffice as a general measurement of what could be for this last day of the week. A run down that is perhaps just a bit better than the average range. Such a day is overdue.
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  • #40,613
  • Nov 8, 2012 7:49pm Nov 8, 2012 7:49pm
EU: Entered long. This is a CT trade opened before LS. Both add risk. TP1 is tentative, because anywhere between 1.2775 to somewhere above the 1.2800 whole number could be where a move up meets heavy shorting again. SL is mental. I believed the asian session might take the price down before any move up, but I am not sure this is the lowest it will be taken before a move up. And I still feel that any move up will be just to attain higher ground for continued building of shorts by the market, maybe on into next week.
Attached Image (click to enlarge)
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  • #40,614
  • Nov 8, 2012 8:40pm Nov 8, 2012 8:40pm
Quoting traderathome
Not sure what H&S experts would say about this. Maybe jayjonbeach might comment. Is it? Is neckline positioned correctly? Anyway, even if "no" to both, it might still suffice as a general measurement of what could be for this last day of the week. A run down that is perhaps just a bit better than the average range. Such a day is overdue.
Well I am no 'expert' here either, but this is my favourite pattern

Technically, I guess it qualifies, angle isn't too too steep, and it has a valid shoulder on each side.

What doesn't sit well with me is HOW it formed, the big badass candle on the left leading into left shoulder, but maybe that is just me being finicky, but overall its not that 'pretty' of a pattern.

When in doubt, look to the bigger TF's...

Here is the thing to watch on AU, what looks to be a rising wedge on D1, or a bear flag if you will. I can tell you how this pattern 'usually' resolves, but I think most already know Note that the retrace from bottom closed almost exactly at the 61.8% FR (which is where my top purple wedge line ends). At any rate watch the lower TL for a break that things are going as you would 'normally' expect, price just tested it and is having a small bounce, for now.
Attached Image (click to enlarge)
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  • #40,615
  • Nov 8, 2012 8:49pm Nov 8, 2012 8:49pm
Quoting traderathome
EU: Entered long. This is a CT trade opened before LS. Both add risk. TP1 is tentative, because anywhere between 1.2775 to somewhere above the 1.2800 whole number could be where a move up meets heavy shorting again. SL is mental. I believed the asian session might take the price down before any move up, but I am not sure this is the lowest it will be taken before a move up. And I still feel that any move up will be just to attain higher ground for continued building of shorts by the market, maybe on into next week.
I'm with you. My TP 1.286x
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Keep Simple...!
  • #40,616
  • Nov 8, 2012 11:56pm Nov 8, 2012 11:56pm
Entered short on UsdCad
EP 0.9985
SL 1.0011
TP1 0.9965
TP2 0.9926
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" Support/Resistance is your friend .. and TREND your girlfriend .. "
  • #40,617
  • Nov 9, 2012 12:26am Nov 9, 2012 12:26am
Quoting gautama
AUDUSD short
EP 1.0411
SL 1.0432
TP 1.0385 but watching trend line carefully. If it bounces off I'm quickly out at break even
Came down this morning to see profit target hit for 47 point profit
Attached Image (click to enlarge)
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  • #40,618
  • Nov 9, 2012 12:32am Nov 9, 2012 12:32am
Quoting traderathome
EU Comment:

This is speculative, but it seems to me logical that since the market has become more bearish EU, and more bullish USD in general, that the next substantial move will be down. It also occurs to me that increases the likelyhood of the price being maneuvered up beforehand, so the big players can add shorts at higher prices and raise the average of their short positions overall. If a move up happens, there are two likely areas it may move up to; the top of the range shown in the attached picture, and the upper whole number area...
EU:

Well, PA made it to the conservative target area. And PA was first knocked down to spoil that nice PA wave pattern. So now the question is, will this eventually proceed even further up, or is that it? Again, pure speculation, but since the LS trading outfits haven't even come to the table, and neither the US gang, well......seems to me more upside could well be on the menu. Guess we just have to wait to see how this last day of the week unfolds.
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  • #40,619
  • Nov 9, 2012 1:03am Nov 9, 2012 1:03am
EurAud entered short (stop loss - stop limit you can see on the post )
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" Support/Resistance is your friend .. and TREND your girlfriend .. "
  • #40,620
  • Nov 9, 2012 1:05am Nov 9, 2012 1:05am
Quoting Shooter150
Entered short on UsdCad
EP 0.9985
SL 1.0011
TP1 0.9965
TP2 0.9926
Attachment
close my position -7
" Support/Resistance is your friend .. and TREND your girlfriend .. "
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