Sonic R. System

Everything you need to know about Sonic System, is already in post #1.

For everyone that is new to this thread, read post #1. It has been stated too, you don't need to read whole posts, read first 50 posts and at least last 1 month posts.

See mihulea, questions like this will keep coming. And the answers is already there. That's why I can understand if TAH, or Sonicdeejay or everyone else in this thread ignoring questions like this.

Inst the AUDUSD in an uptrend? Why entering against the trend direction?

I see

Hi Frank.

Did you catch this lil ole ABC trade from yesterday ?

Hope you did bro


Regards,

H.

SL hit..

Done for a week..

Sonic

Over cooked euro on nothing !!!

Ever noticed, the replies to these type questions always outnumber the questions? Just a thought.

Maybe, maybe not - supply is getting weaker on daily.

Anyway trade what you see in the timeframe that you trade and don´t be greedy.


H.

True, but i'm sticking with my system green candle outside the bands, on heavy volume, if this closes off the high and next candle down which i'm pretty sure it will be then selling by the SM and drove price up to take remaining shorts out the game before the ride south next week.

A lot of weakness in the background also suggests the SM been distributing.

Mine too, better luck next time.

Evilmaster

Just going to add another little piece regarding the euro dollar.

The attached chart shows two things.

1. Double top which going back into this area to test is on lower volume on the daily chart, which means that there is less work to do than before regards swapping tickets from longs to shorts.

2. Divergence as pa been going up, volume dropping off sign of a turn in trend, watch out below !!!

Just my opinion.

Let´s see which scenario is gonna play out - volume study or price action around s+r areas.

Have a nice weekend sonickers, and don´t forget to

H.

It would indeed seem there is a large demand of shorts around this area to be filled. Alot of pressure preventing it from going further up the charts. It seems to me the London/Euro boys have more faith in the USD as they keep trying to buy more and more dollars, however it seems to me like the Yankee's are not quite ready to dig out of their trenches yet and are still buying EURO's. Just look at todays sessions. LO shows they are bringing the bodyguards for the greenback making sure it has a nice recovery, and as soon as the euro boys step out WHAM, take a bat to the greenback and beat that sucker good.

Americans are easily frightened it seems, as they say fiscal cliff, oo scary, where the europeans are like LOL YOU SEE US? LOLLOLOLOL! Greece dragging us down, spain right there with, and germans so pissed off about carrying the dead weight they want to leave the union.

It's certainly been an interesting 4th quarter. I hope next year brings us some stability and predictable markets for easy pips.

Cheers all,
Mezzy

The Asian range.

Why the same range and a pullback - could there be s+r or a possible tp point in that area

Something I have to look deeper into.

H.

Planning for next week?
I just grabbed a few pips shorting at the top, but it wasn't a sonic setup.
It's been an active friday for sure.

I believe that 2013 and 2014 are going to be even tougher years to trade regarding government intervention, the volatility and whipsawing could be HUGE !!

EU Comment:

Andy says "overcooked", meaning keeps getting pumped up like a baloon, and could burst anytime.
Hansma says not so fast, "weakening supply", meaning if sell/short orders disappear at the highs, then the price manipulators might be able to drive prices up further.

So, what's going on?

Could be both are correct. All USD pairs have been manipulated in recent months back to previous anti-USD extremes. Just look at the Weekly chart on any of them and you will see that as a result of very recent PA, prices for all of them are now back to these extremes. If you put any volume indicator on the Weekly chart you will see another "telling" fact. Volumes have been decreasing this whole time! Overall then, this easily lends itself to the speculation that those that "drive" the "free market" prices (right here we see the deceipt) are pushing USD pairs back to their anti-USD extreme prices in order to close their positions at maximum profit. And the falling volume is a clear indication that the suckers that are needed in order for the market to shed it's positions, are become more and more scarce. Yet, all this does not mean the prices cannot be moved even more. Supply and demand is as much fiction as fact, with the biggest players/price manipulators in the market adding and deleting pending orders to create whatever picture of "market bias" they want to! Could "supply" suddenly dry up (sell orders suddenly cancelled), removing any block to further price movement upwards? Yes. But then there is the other question. If the market needs suckers, for example buyers for EU so that the market can open shorts, how is removing the "supply lie" and attempting to drive the price higher going to help? If the market is running out of buying suckers at 1.3200, is the market going to astonishingly find more buying suckers at 1.3300? Hardly!

All USD pairs are affected by this, not just EU. And we can see that what is afoot is a process that has been underway for a while now. So, we might ask the question, "Is it the USD or the EUR/GBP/AUD/CAD/CHF/etc. whose financial outlook has been postured for significant change?" The answer is obvious. It is also obvious that the "postured for significant change" was entirely plausible before the US elections and then entirely predictable afterwards. And so, what it is that the market is doing is something the market has been doing for a while now. And it is leading up to a major reversal in the USD pairs. When will that reversal actually start to be evident in prices? Not until the holdings of the biggest players in the market are already reversed! For that, the market needs suckers. And to get the suckers, the market needs to create an attraction. And that is what the market has been doing, attracting suckers, "wrong side" traders, by continuing prices in these current directions. Overcooking the pricing. Moving prices on ether. And creating the illusion of diminishing supply by first creating false supply, then diminishing it!

And, it can continue so. Until the market runs out of suckers.

Warning: Speculative.

P.S: Just had communication with jayjonbeach. We discussed the topic of having a bias, the value of having a bias and the detriments of having a bias. The conclusion is there is no value in having a bias. There are detriments to having a bias. Really, what difference does it make if the market is going up or down? What difference does it make "Why?" the market is doing whatever the hell it does? None of this matters! Thinking on it is a waste of time! Worse, thinking on it tends to let a bias seep in. And that does matter because a bias will influence how you react to PA. A trading system should evaluate current PA relative to historic S&R. No part of that evaluation should be influenced by a bias, or reasons for a bias. And once you have a bias, you have to work overtime and with greater discipline to try and keep it separate from the current evaluation of PA and historic S&R. And that is very difficult to do, even for the most disciplined!

This is like saying the only PA on a chart should be just the PA for today. Only that is what is evaluated, in a vaccuum and apart from all that came before. The only chance to look at historic PA is to obtain S&R. This is like saying the PA for today is the start of a new ballgame. Up or down, it doesn't matter. Both directions are fair and equal, and the quality of any setup (the quality of PA waves and locations of S&R) will be the only determining factor. And sensible money management will be the safety net.

Now, for the exercise of discipline to increase discipline. The goal: no more posts of opinions and speculations. This could be the last one. I could say it is the last one, but I guard against such arrogance as to believe I already possess the discipline for that. But the page is being turned now.......

-traderathome

good morning brother, yes i was able to spot that but honestly i was chickened out. too many infos feeding in my mind always taking over my eyes. but yes i was expecting the price would go higher, look at the levels ive plotted, my convictions are getting stronger everytime those levels got crashed. i played mostly scalp, hacked -+50pips yesterday.
i believe youre right with this, ive been studying your attachments and if you noticed on my previous charts, asian sessions are being considered by eu and ny sessions.

p.s. im still waiting for your thoughts on the charts ive sent, it has something to do with plotting those target levels.

regards
f

Have a great weekend..



Sonic

TAH man, what you said about bias totally on the money. When you bias yourself long. When price jumps a bit you unconsciously confirm yourself and rationale goes out the window. You were bias long and it jumped long so it must be long... BAM it was a spike and the pair forms a 200+pip down trend. All because you thought it was going to breakout over that historically strong resistance point.

So right man... that hit me deep, because I've done that, and kicked myself in the ass HARD for it. If this were reddit I would up vote the hell out of that post.

On a sidebar question: Your modifications to the interface tools, would you be willing to share them with me/us? Particular thing I've liked on your modifications were the AO beginning the session (as that is the beginning of my trading day) I don't know if you've tried implementing this yet or not, letting the control panel/news be part of the background so they don't interfere with your chart. Also allowing the panels to be moved to the right hand side of the screen as chart shift makes it a nice corner to be in. (Particularly handy in multi pair viewing)

Appreciate everything you do.
-Mezzy

Edit: I was playing around and found you can delete CP_Box and it makes the cp pretty much transparent. But it gets repainted if i switch time frames. I also found that you can move the objects around (but gets repainted), I really liked having the timezones below the price/spread/range/pair section (vertical cp vs horizontal) Wish I knew how to edit mql. My drawing below! =D I wish I could do this.