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Sonic R. System

  • #42,021
  • Edited 12:42am Dec 13, 2012 12:13am | Edited 12:42am
Quoting kotlt
Hi tah, i think about an AU short today, what you think?
It doesn't matter what I think. For some time now I have been thinking the market was prepping for a major reversal from anti-USD to pro-USD, across the board,....on all pairs. And I still believe I have been right about this, and that the market has been building for this. But it has not meant that day-to-day PA followed suit, because the market has continued to push prices in the direction that enhanced their position building and not in the pro-USD direction. Not yet, anyway.

However, after yesterday's late US PA on a variety of pairs, and considering the line up of USD releases for today, my guess is.......

.......Well, I won't say it because I could be right in sentiment and continue to be wrong in timing. You probably know what I'm thinking, though.

I will say this. Yesteday I was thinking (and posted) that maybe the US session held the key, and that setups should not be traded until the US session got underway. And look what the NYC thugs did. They were the key, and to make matters worse for the rest of the market they did their dirty deed after the rest of the market closed. Hit stops on "right side" trades and triggered "wrong side" orders, all to get more "right side" positions themselves. And if satisfied with that, they might not be so eager beaver today. Meaning they might not hold the key now. But the USD releases do hold the key. And that still means wait until after the US session gets underway, because with or without more dirty tricks by the NYC thugs, the London market will still be running and is always capable of its own dirty tricks in conjunction with the USD releases.

No, it doens't matter what I think, but if this is "The Day" (reversal of pairs to pro-USD), whipsaws could reign across the board in the marketplace, and with such timing that trading might be very difficult today. If anything I think has validity today, it is that I think we Sonicers should be very cautious.
  • #42,022
  • Dec 13, 2012 1:07am Dec 13, 2012 1:07am
Reversal of the pairs ? Really ? Don't guess the market ...if not... I'll kill you.

Quoting traderathome
It doesn't matter what I think. For some time now I have been thinking the market was prepping for a major reversal from anti-USD to pro-USD, across the board,....on all pairs. And I still believe I have been right about this, and that the market has been building for this. But it has not meant that day-to-day PA followed suit, because the market has continued to push prices in the direction that enhanced their position building and not in the pro-USD direction. Not yet, anyway.

However, after yesterday's late US PA on a variety of pairs, and...
  • #42,023
  • Edited 1:56am Dec 13, 2012 1:35am | Edited 1:56am
Quoting umbro
Reversal of the pairs ? Really ? Don't guess the market ...if not... I'll kill you.
It is going to happen. And it is most likely going to start to happen between today and the end of January. In fact, already on a number of pairs over past weeks there have been outstanding signs of pro-USD activity, but quickly obliterated by the price manipulations in the market. Since reversals are frequently preceded by preparatory position building, in a sense the reversals may already have begun. It just depends on your definition of "reversal". If we are looking for undisputable PA evidence, it has not yet happened. But it could happen on any day. The USD is the best of world currencies, and now that the US Republicans have been soundly defeated (although some that remain need a spanking and then to be sent home to "mama") the USD has the best chance of all currencies for recovery from the global financial crises brought down upon us all by the greedy super-rich (which, by the way, the Republicans represent). The market ain't stupid!

But, you are right. Don't guess the market. I'm no longer interested in trying to guess the "when" of things done by the market. Things are what they are, and things will happen whenever they happen. I need to stay focused on day-to-day letting the Dragon and PA show the way.
  • #42,024
  • Dec 13, 2012 1:53am Dec 13, 2012 1:53am
Quoting traderathome
It is going to happen. And it is most likely going to start to happen between today and the end of January. In fact, already on a number of pairs over past weeks there have been outstanding signs of pro-USD activity, but quickly obliterated by the price manipulations in the market. Since reversals are frequently preceded by preparatory position building, in a sense the reversals may already have begun. It just depends on your definition of "reversal". If we are looking for undisputable PA evidence, it has not yet happened. But it could...
Hi,

Please can you explain how you see this in the price action?
Thanks
  • #42,025
  • Edited 2:32am Dec 13, 2012 2:06am | Edited 2:32am
Quoting Mingary
Hi,

Please can you explain how you see this in the price action?
Thanks
All you have to do is go back and look at the posts and charts thereof regarding recent Pump & Dump activity, and regarding recent Torpedo & Buy activity. The point I make is that after, for example, a Pump & Dump, the market obliterated any chance of an ensuing run down by relentlessly repumping, selling off, repumping, selling off, ad-nauseum! The market, in that fashion, continues to build a short position, made possible by continuing the ruse that the market is bullish. In other words, by continually repumping after a pump and selloff, the market suckers in more longs so the market can continue to short,......yes, short, while the price continues to climb. It is a strategy. It is the only way the market can build huge short positions without crashing the price on itself before it is finished doing its work. It is a longer term strategy, but one that is carried out a little bit day-to-day, week-to-week as the market readies for a reversal.

Think of it this way. We know the forex market is huge, truely huge compared even to the stock market. Really huge! And after something trends for weeks and months, after the initial preparations for the trend and the additions during the trend, very sizeable positons can exist that the market needs to reverse before outright allowing a reversal to take place. Quietly closing huge positions and quietly opening huge positions in the other direction can take a lot, a lot, a lot of time! Somebody has to take the unwanted positions off the hands of the market! Somebody has to continue to take the wrong side of the new positions the market wants before starting the reversal! And guess what. It does take quite some time to get enough suckers to accomplish all of that! And it requires keeping the price sufficiently moving in the "old" direction so the suckers are attracted in.

That is my explanation for you. Please consider it a wast of time, however, because it has nothing to do with trading the Sonic R. System, wherein each day we "....let the Dragon and PA show the way". No matter what a trader's expectancy for the market is, it should be subordinate to the result of daily PA analysis in accordance with the few and important Sonic R. System rules and recommendations.
  • #42,026
  • Dec 13, 2012 2:23am Dec 13, 2012 2:23am
Ahahah ! There is no best currency around. 5-6 years ago , 1 euro was about 160 yen and it's now...let me check...ok...109.253 (unbeliavable).
You cannot guess the market because as you said the market is not stupid.
Take care of yourself.




Quoting traderathome
It is going to happen. And it is most likely going to start to happen between today and the end of January. In fact, already on a number of pairs over past weeks there have been outstanding signs of pro-USD activity, but quickly obliterated by the price manipulations in the market. Since reversals are frequently preceded by preparatory position building, in a sense the reversals may already have begun. It just depends on your definition of "reversal". If we are looking for undisputable PA evidence, it has not yet happened. But it could happen...
  • #42,027
  • Dec 13, 2012 2:28am Dec 13, 2012 2:28am
EU long setup, frst TP 1.3144
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Keep Simple...!
  • #42,028
  • Dec 13, 2012 2:32am Dec 13, 2012 2:32am
Quoting kotlt
EU long setup, frst TP 1.3144
Pay attention on 1.3100 rejection.

L.
  • #42,029
  • Dec 13, 2012 2:35am Dec 13, 2012 2:35am
Quoting umbro
Ahahah ! There is no best currency around. 5-6 years ago , 1 euro was about 160 yen and it's now...let me check...ok...109.253 (unbeliavable).
You cannot guess the market because as you said the market is not stupid.
Take care of yourself.
Yes, I will take care. And let us table this discussion for about 8 weeks. Shall we?
  • #42,030
  • Dec 13, 2012 2:38am Dec 13, 2012 2:38am
GbpUsd entered short

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" Support/Resistance is your friend .. and TREND your girlfriend .. "
  • #42,031
  • Dec 13, 2012 2:39am Dec 13, 2012 2:39am
Quoting kotlt
EU long setup, frst TP 1.3144
careful with your tp mate, if PA tries to push it a bit higher, just roughly 20 pips or at most at 1.3110-20 level,
better let the "dragon" show the way .
i speculate eu will range for now.
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  • #42,032
  • Dec 13, 2012 2:46am Dec 13, 2012 2:46am
Quoting Shooter150
GbpUsd entered short

Attachment
Hey Shooter,

I am a newbie to this system but I read that the dragon should be poiting below 3 o'clock to go short. On GBPUSD the dragon is between 2-3 o'clock which indicates range or long bias. Could you please explain to an absolute rookie why to go short now? Thanks in advance.
  • #42,033
  • Dec 13, 2012 2:46am Dec 13, 2012 2:46am
Quoting alrightfrank
careful with your tp mate, if PA tries to push it a bit higher, just roughly 20 pips or at most at 1.3110-20 level,
better let the "dragon" show the way .
i speculate eu will range for now.
Thank you. I waited a candle close above 1.3097, and no candle. Now price drop. Failed setup . Lucky to me .

Entered short GU.
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Keep Simple...!
  • #42,034
  • Dec 13, 2012 2:54am Dec 13, 2012 2:54am
Quoting talaia
maybe.
what i saw is that price tried twice to pass a resistence area and failled.
then previous candles showed some bear wick.
but yes, i know that was a little bit soon, but let's see if it runs my side.
thanks for your input.

Well it looks like it did , well done.
  • #42,035
  • Dec 13, 2012 2:58am Dec 13, 2012 2:58am
Quoting kotlt
Thank you. I waited a candle close above 1.3097, and no candle. Now price drop. Failed setup . Lucky to me .

Entered short GU.
no problem mate, actually i just closed my eu and gu shorts, was able to quick short and captured few pips. i suspect this 2 are in range for now but i could be wrong as well, try to feel the market.
  • #42,036
  • Dec 13, 2012 3:05am Dec 13, 2012 3:05am
Quoting mtrader123
Hey Shooter,

I am a newbie to this system but I read that the dragon should be poiting below 3 o'clock to go short. On GBPUSD the dragon is between 2-3 o'clock which indicates range or long bias. Could you please explain to an absolute rookie why to go short now? Thanks in advance.
Hi mtrader..

I post below the pic:
.blue line is the trend of dragon ( now is pointing 4-5 o'clock)
.also red line is the resistance that price hit and reject down
.don't see only the space that i show the green square and think that the dragon is going up now ..

The most important is the price action .. And you can see the high-low-lower high in my previous chart(waves analysis)
Dragon is not an indicator and we follow them with now any other analysis. Important is price action and the dragon is for confirm.. I believe that sonicr and also traderathome is possiple to trade profitable without dragon also..
I hope that i help you.. and don't forget that this is my opinion , maybe i m wrong... It's nice that you ask a question.. Keep study the system and you will understand every day something new.. Just post !! Hope that i help you my friend ..

Attached Image (click to enlarge)
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" Support/Resistance is your friend .. and TREND your girlfriend .. "
  • #42,037
  • Dec 13, 2012 3:10am Dec 13, 2012 3:10am
Quoting Shooter150
Dragon is not an indicator...
Attachment
its an indicator mate LOL! its a 34 simple moving average high low close.
  • #42,038
  • Dec 13, 2012 3:16am Dec 13, 2012 3:16am
Quoting alrightfrank
its an indicator mate LOL! its a 34 simple moving average high low close.
.......... You are correct mate .. but what i mean is not to have the mentality that the most of the traders have for an indicator .. And the mentality that i m talking about is : see indicator ,then close their eyes, after stop thinking and then push the button short or long ..!!!
" Support/Resistance is your friend .. and TREND your girlfriend .. "
  • #42,039
  • Dec 13, 2012 3:27am Dec 13, 2012 3:27am
Quoting Shooter150
The most important is the price action .. And you can see the high-low-lower high in my previous chart(waves analysis). Dragon is not an indicator. Important is price action and the dragon is for confirm..I hope that i help you.. and don't forget that this is my opinion , maybe i m wrong... It's nice that you ask a question.. Keep study the system and you will understand every day something new.. Hope that i help you my friend ..
As Frank stated in his reply above, the Dragon is an indicator. Can you trade without it? Yes. Can you trade without the Sonic R. System? Yes. Can you trade the Sonic R. System without the Dragon? No! Why?

PA must be above Dragon to go long, below to go short.
Dragon must be angled up to go long, angled down to go short.

Actually, the angle of the Dragon is a barometer (and a good one) of market momentum in the direction of the angle. So, if you want to know one way to be picky about your setups, consider the angle of the Dragon. By holding off until the Dragon angle increases (maybe even having to wait for the next wave in that direction) you will usually give up some pips at entry. However, you will also give up some losing trades!
  • #42,040
  • Dec 13, 2012 3:46am Dec 13, 2012 3:46am
Quoting Shooter150
Hi mtrader..

I post below the pic:
.blue line is the trend of dragon ( now is pointing 4-5 o'clock)
.also red line is the resistance that price hit and reject down
.don't see only the space that i show the green square and think that the dragon is going up now ..

The most important is the price action .. And you can see the high-low-lower high in my previous chart(waves analysis)
Dragon is not an indicator and we follow them with now any other analysis. Important is price action and the dragon is for confirm.. I believe that sonicr and also...
Thanks for the quick reply. The dragon is now pointing down, yes, but at the moment of your entry it wasnt. Seems that everybody in here has its own style of trading the Sonic r system. Each trader has to find what works for him or just use the standard version of Sonic R if one does not want to spend much time tweaking the system..
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