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Sonic R. System

  • #41,861
  • Dec 6, 2012 9:18pm Dec 6, 2012 9:18pm
Quoting Jason Rogers
Hi Tah,

Thanks for getting back to me. I don't want to be off topic in this thread, so I posted a reply for you back in the FXCM thread. Let me know if you have further questions there.

Jason
FXCM (NYC) Broker Comment:

Jason, thank you for continuing with this discussion, because while I have my concerns I still seek understanding. What remains unexplained is why trading occurred while the spread was in excess of ten pips. And this did not occur exactly at/after 5pm EST, but somewhat later. My post time signature was 5:07 pm EST, but it took me time to write it so likely the event was within the first several minutes of the new day, but not at the start of the new day. First the spread went to 5+ pips, stayed there, then popped to 10+ pips where the spike down in price occurred, then went back to 5+ pips, and finally back to "normal" in the 2+/- pips range. Since the 10+ pips/trading event was preceded by a 5+ pips timespan, which itself was after 5pm, this does not seem to be a factor of the rollover accounting task starting exactly at 5pm. And what about the trading during that 10+ pips period?

-tah

(Sonicers, this I have posted on the FXCM Disscussion thread pursuant to Jason's latest reply.)
  • #41,862
  • Dec 6, 2012 9:39pm Dec 6, 2012 9:39pm
AU valid short setup?
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Keep Simple...!
  • #41,863
  • Edited 10:37pm Dec 6, 2012 10:16pm | Edited 10:37pm
Quoting kotlt
AU valid short setup?
Theoretically, yes. However, because that Pump & Dump yesterday looks like a signficant event, maybe the finale of others recently, and because this could be reversing down now, there is motivation for the Market to hike the price each time before dropping it further. The London session is a ways off. From now until after the LS gets underway, new PA waves can be created and resulting EP zones might rise if a higher high is made by the market as the start of a new PA wave.
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  • #41,864
  • Edited 10:47pm Dec 6, 2012 10:36pm | Edited 10:47pm
Hi Tah, I just try to learn and understanding about this chart.
Please see the chart, how do you know if price/candle will going to up or down?

My prediction is the candle will go down, but that just filling, so I want to learn for sure when I open BUY or SELL

PS: hope you understand my Bad English

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  • #41,865
  • Dec 6, 2012 10:52pm Dec 6, 2012 10:52pm
Quoting SCopier
Hi Tah, I just try to learn and understanding about this chart.
Please see the chart, how do you know if price/candle will going to up or down? My prediction is the candle will go down, but that just filling, so I am want to learn for sure when I open BUY or SELL PS: hope you understand my Bad English Attachment
SCopier, predicting?! When a trader looks at enough charts for a great enough number of years, the ability to read the market sentiment improves. But even then, from day to day, the market can pull a "fast one" off and trick a lot of traders into making "wrong side" entries! And now you are down to trying to predict the direction any given candle will take?! Excuse me for saying this, but that is a waste of time.
  • #41,866
  • Dec 6, 2012 10:59pm Dec 6, 2012 10:59pm
Quoting traderathome
SCopier, predicting?! When a trader looks at enough charts for a great enough number of years, the ability to read the market sentiment improves. But even then, from day to day, the market can pull a "fast one" off and trick a lot of traders into making "wrong side" entries! And now you are down to trying to predict the direction any given candle will take?! Excuse me for saying this, but that is a waste of time.
Yes, agreed with you, but my point is when we found EMA34 not have up or down direction ( like AU chart ), what would you do to figure out the direction of the next.

I know simple way is wait the candle to move, but I want to know what would you do as a pro trader
  • #41,867
  • Edited Dec 7, 2012 12:04am Dec 6, 2012 11:44pm | Edited Dec 7, 2012 12:04am
Quoting SCopier
Yes, agreed with you, but my point is when we found EMA34 not have up or down direction ( like AU chart ), what would you do to figure out the direction of the next.

I know simple way is wait the candle to move, but I want to know what would you do as a pro trader
If you read the Sonic R. System Manual linked in Post #1 you will discover there is a reference to the Dragon, and the angle thereof being an important consideration before trading. What more needs to be said?

Your only other clues were in the fact that from the lows of the previous day, the Dragon had been on the incline and had crossed above the Trend. In that information bullishness outweighed bearishness. However, in spite of any "read" like that, the overriding considerations were in the fact the Dragon was flat and the time was mid-asian session, not the LS! If you read the manual, it has clear rules/recommendations regarding these considerations. This was not a time to be concerned with trading, or in which direction PA would be going. It was a time to wait until the LS for a decent PA wave, and proper Dragon angle. Being picky means sometimes we simply don't trade!

The Sonic R. System is not about grabbing a chuck of every move the market makes. No system can reliably do that. Any that claim otherwise are bogus, and will prescribe entries to more losing trades than winning trades.
  • #41,868
  • Edited 1:57am Dec 7, 2012 1:37am | Edited 1:57am
AJ: Entered short. This looks good because there are multiple failures above, Dragon is angled down after having formed a "Double Top" and though EU and GU tumbled yesteday, AU did not. If AU goes down today, this Yen pair could drop the best. LS has not started, when it does PA could get hiked again, which is a risk. SL is mental. TP1 set from higher TF S&R.
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  • #41,869
  • Dec 7, 2012 2:23am Dec 7, 2012 2:23am
jpy Usd entered short

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" Support/Resistance is your friend .. and TREND your girlfriend .. "
  • #41,870
  • Dec 7, 2012 2:36am Dec 7, 2012 2:36am
UCad Comment:

...10....9....8....7.....6.....5.....4....3.....2.....1....."Lift Off!"
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  • #41,871
  • Dec 7, 2012 3:10am Dec 7, 2012 3:10am
AudUsd enterd short

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" Support/Resistance is your friend .. and TREND your girlfriend .. "
  • #41,872
  • Dec 7, 2012 3:12am Dec 7, 2012 3:12am
GU: Entered short. SL mental because I'd expect there is a good chance that the US market might pump it for more shorting. TP1 from higher TF S&R.
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  • #41,873
  • Dec 7, 2012 3:50am Dec 7, 2012 3:50am
Quoting kotlt
AU valid short setup?
Closed for some pips, wait another setup. AU short look like a trap on my own view.
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Keep Simple...!
  • #41,874
  • Dec 7, 2012 4:05am Dec 7, 2012 4:05am
Quoting kotlt
Closed for some pips, wait another setup. AU short look like a trap on my own view.
Maybe not a trap, but just the market keeping the price in a range. Now that it has started to drop, if the market can keep it confined to a lower range then more shorts can be had at higher prices than if the market simply allowed the price to keep dropping. Note that the Dragon now has a better angle down, and it is dropping below the Trend. Good signs for shorting.

However, there might be a trap in the sense that once the US market opens, there could be a whipping up of the price as the "biggest boys on the block" have their way before any serious downside resumes. All speculative, of course. Nobody knows from moment to moment what outfits in the market are going to highjack the price, and what they are then going to do with the price.

And don't forget these important USD releases coming today. We could see some whipsawing.
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  • #41,875
  • Dec 7, 2012 4:08am Dec 7, 2012 4:08am
Happy NFP today...
Stand aside or get ready for a shoot out,...


http://boygeniusreport.files.wordpre...re-3.jpg?w=942
Sonic
  • #41,876
  • Dec 7, 2012 4:10am Dec 7, 2012 4:10am
TAH

can I know, how you can say it would might pump first for more shorting?


Quoting traderathome
GU: Entered short. SL mental because I'd expect there is a good chance that the US market might pump it for more shorting. TP1 from higher TF S&R.
DB#23
  • #41,877
  • Dec 7, 2012 4:22am Dec 7, 2012 4:22am
Quoting traderathome
GU: Entered short. SL mental because I'd expect there is a good chance that the US market might pump it for more shorting. TP1 from higher TF S&R.
GU: Manually closed at TP2 for 13 pips gain, EP1 to TP2. I closed the trade on reconsideration of possible whipsawing today, and maybe even a better price for re-entry. The early US session with the USD releases is the key today.
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  • #41,878
  • Dec 7, 2012 4:25am Dec 7, 2012 4:25am
Finally..

We are number one. We are the most viewed thread under "Trading Systems" with 6 million views and the most "replied"...


https://lh5.googleusercontent.com/Wk...XlDFcdaLPk19XE



I'd like to thank Sir TAH and few others for the selfless contributions..
I am glad and proud..

Sonic
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  • #41,879
  • Dec 7, 2012 4:29am Dec 7, 2012 4:29am
Quoting sonicdeejay
Finally..

We are number one. We are the most viewed thread under "Trading Systems" with 6 million views and the most "replied"...


https://lh5.googleusercontent.com/Wk...XlDFcdaLPk19XE



I'd like to thank Sir TAH and few others for the selfless contributions..
I am glad and proud..

Sonic
GREAT!!!

Congratulations boys!

L.
  • #41,880
  • Edited 4:53am Dec 7, 2012 4:35am | Edited 4:53am
Quoting Davidbeckham
TAH

can I know, how you can say it would might pump first for more shorting?
1. Yesterday might have been the start of a major trend reversal from up to down (just look at the Pump & Dump PA & volume!).
2. If the multiple major USD high impact releases confirm "good" or even just "better" for the USD, the market might "Pull the Rug" out from under this pair. And from past experiences, this might entail first a major whipsawing of the price as "biggest players" of the market attempt to screw others by hitting the SLs on shorts, thereby creating the liquidity needed to get their own short orders filled at highest prices! We might see whipsaws today exceeding 60-100 pips on pairs like EU and GU. It has happened before. Please note that this is speculative.

Edit: Added pic. 2 showing possible miminum target area for whipsawing, should that occur. Extremely speculative.
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