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Sonic R. System

  • #42,941
  • Jan 16, 2013 11:06pm Jan 16, 2013 11:06pm
Quoting traderathome
UCad: Once again, this continues to demonstrate that SM is a Bull. A breakout of the Accumulation Phase, to begin the Mark Up For Profit Phase, could come at any time.
UCad: See this? SM is showing us something. Right now asian session SM has brought price up to what was a resistance area, and which now seems to be acting as support. And consolidation is going on up here. Position building longs or shorts? Well, that's the sixty four thousand dollar question, isn't it! For now, we have a new support level. PA has been converting one level after another from resistance to support. But, this is a relatively high one, so it is extra important. Worth keeping an eye on.

I can almost guess that LS SM will start to drop the price. I mean that would get lots of folks saying, "See, I knew it was just getting ready to drop again!" And, in that manner those folks will be enticed to short as it drops. And as that happens, what will SM will be doing?
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  • #42,942
  • Edited 11:57pm Jan 16, 2013 11:20pm | Edited 11:57pm
Quoting Mezzy
Oh, I'm on demo, I learned a ton from trading live, I just was trying too big too fast. I'm doing well so far with my current rules, and once I achieve my demo goals I will try again with live, only I will continue using the same rules. I will work my way up eventually to full lot sizes but that will come in time, I'm not trying to rush it this time.

Thanks though!
Growing Up to Become a Successful Trader

Once a person starts to take trading seriously, they start to mature. But even then, maturing as a trader is a process, not an event. I don't care how many demo accounts get blown until a person learns they aren't actually serious about trading. And once that revelation hits, I don't care how many more demo accounts get blown until the maturing process achieves the level of growing demo accounts instead of blowing them. There is the psycological aspect to deal with once shifting from demo to live, but dealing with that aspect pales in comparison to all the rest that has been dealt with by that time.

The process of teaching the proper handling and use of firearms does not start with a loaded gun! And pilots in training are never allowed to fly alone until they have proven to their instructor they can fly properly.
  • #42,943
  • Edited 11:58pm Jan 16, 2013 11:33pm | Edited 11:58pm
AU: Do we have confirmation that SM is a Bear, or what! Well, they are following their manual...
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  • #42,944
  • Jan 17, 2013 12:08am Jan 17, 2013 12:08am
AJ: Just a thought. Aussie is sucking hind tit now,.....collapsing is more like it! So, look at AJ,....M1 chart. See how SM is hiking the price and pouring on the coals? Pump & Dump! Could go higher (probably will), but man, this is a real "tell", imho. Not suggesting a Scout or trying to pick a high here. Sooner or later there is going to be another short setup. Check out H4/Daily. Has lots of collapsing room.
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  • #42,945
  • Jan 17, 2013 12:13am Jan 17, 2013 12:13am
Been a while.

Agree TAH, if USD/JPY can't break 88.80 on this leg up I'd think all the JPY pairs are going to get hit. Either way, there's usually a good set up somewhere
  • #42,946
  • Jan 17, 2013 1:45am Jan 17, 2013 1:45am
EU, GU: Short setups. Just before LO, so risk of LO SM moving price back up. Several USD high impacts coming. A SL concern; couple RS levels up.
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  • #42,947
  • Jan 17, 2013 1:49am Jan 17, 2013 1:49am
UCad: Long setup. Same considerations as for EU and GU.
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  • #42,948
  • Jan 17, 2013 1:49am Jan 17, 2013 1:49am
GbpUsd entered short

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" Support/Resistance is your friend .. and TREND your girlfriend .. "
  • #42,949
  • Jan 17, 2013 2:19am Jan 17, 2013 2:19am
Entered long.
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Know News/time; WAIT for Edge Entries, MPLC Normalization, Exits & TP's..
  • #42,950
  • Jan 17, 2013 2:28am Jan 17, 2013 2:28am
Quoting princefred
Entered long.
EJ:

Watch out for that natural resistance at the whole number. SM might just be setting the price higher to short it up there before driving it down again. The trend is down. To go long, it would be safer to let price go up thru the whole number, wait for it to pull back to it, and then if the price again moves up, then enter long. (...just my opinion, only trying to help)
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  • #42,951
  • Jan 17, 2013 2:32am Jan 17, 2013 2:32am
Quoting traderathome
EJ:

Watch out for that natural resistance at the whole number. SM might just be setting the price higher to short it up there before driving it down again. The trend is down. To go long, it would be safer to let price go up thru the whole number, wait for it to pull back to it, and then if the price again moves up, then enter long. (...just my opinion, only trying to help)
TAH, on my chart the trend is up - 89EMA is below the dragon. What is more, the dragon is pointing up..
  • #42,952
  • Jan 17, 2013 2:33am Jan 17, 2013 2:33am
Thanks you tah
Know News/time; WAIT for Edge Entries, MPLC Normalization, Exits & TP's..
  • #42,953
  • Jan 17, 2013 2:42am Jan 17, 2013 2:42am
be patient fellow sonicers... haste makes waste, be picky picky picky.... the markets hasnt shown its real momentum yet. imho ( dragon is still flat...)
  • #42,954
  • Jan 17, 2013 2:47am Jan 17, 2013 2:47am
Quoting mtrader123
TAH, on my chart the trend is up - 89EMA is below the dragon. What is more, the dragon is pointing up..
True. However, on H1 you can see the market has started reversing the trend. And on M15 PA on the chart goes from upper left to lower right,....down. As for the Dragon angled up, sure. And that is a signal for a long trade. I am just pointing out the possibility of resistance at/above the whole number. The trade might be ok, in fact great if SM has decided to put on a good drive to regain some of that lost ground since price reversed (H1). We never know what SM is going to do, or when. But that historic R at the whole number was a factor I thought worth mentioning.
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  • #42,955
  • Edited 3:06am Jan 17, 2013 2:52am | Edited 3:06am
Quoting alrightfrank
be patient fellow sonicers... haste makes waste, be picky picky picky.... the markets hasnt shown its real momentum yet. imho ( dragon is still flat...)
See, Sonicers? There is usually somebody at the helm! Thanks, Frank.

EU: And this is an example of why Master Sonicdeejay recommends waiting until the LS to trade. The LO SM have quickly driven the price up almost 60 pips so far. What are they doing? Is this genuine buying, or a SM liquidity creation move to accomodate shorting at higher and higher prices? What difference does it make? It was a perfectly nice long setup triggered at the LO. If it is over with, if SM is simply building shorts, if the price is later going down even further in the big picture,.....all that does not take away from the fact this was a perfectly good Sonic R. long setup and trade. Having a bias is a killer. Even if you have the correct bias for the bigger picture, it can obscure from you a perfectly good setup in the other direction, given by the market for whatever reason. Or, your bias can be wrong for the bigger picture. Either way, having a bias is a killer. What is actually happening on M15 in the LS is all that counts. (I am guilty as charged.)
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  • #42,956
  • Jan 17, 2013 2:59am Jan 17, 2013 2:59am
Quoting traderathome
True. However, on H1 you can see the market has started reversing the trend. And on M15 PA on the chart goes from upper left to lower right,....down. As for the Dragon angled up, sure. And that is a signal for a long trade. I am just pointing out the possibility of resistance at/above the whole number. The trade might be ok, in fact great if SM has decided to put on a good drive to regain some of that lost ground since price reversed (H1). We never know what SM is going to do, or when. But that historic R at the whole number was a factor I thought...
I see, and thank you a lot for what you are doing for us. However, I have just closed the trade for +40 pips as the price was near the AD(T)R.
  • #42,957
  • Jan 17, 2013 3:10am Jan 17, 2013 3:10am
Quoting mtrader123
I see, and thank you a lot for what you are doing for us. However, I have just closed the trade for +40 pips as the price was near the AD(T)R.
I am glad it went well in the trade direction. You apparently had no bias, took it and benefited. That is the mark of a good Sonic R. trader. Congratulations!

-tah
  • #42,958
  • Jan 17, 2013 3:14am Jan 17, 2013 3:14am
AU: Well with all this price pushing right now, PA on this has reached an important SR level. This might be viewed as a good SonicR short re-entry opportunity of the more aggressive type.
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  • #42,959
  • Jan 17, 2013 3:15am Jan 17, 2013 3:15am
Hello

Can you explain me what is SM ?
thank you
  • #42,960
  • Jan 17, 2013 3:18am Jan 17, 2013 3:18am
Quoting heavenpv
Hello

Can you explain me what is SM ?
thank you
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