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Sonic R. System

  • #43,281
  • Jan 23, 2013 1:55pm Jan 23, 2013 1:55pm
Quoting bank stain
Is it me or did everybody forget about David Cameron's EU Speech today? Now I don't trade the news... but I do know when to stay the hell away from trading GBP and EUR pairs!!!

A Banker
If You're a News Schmooz, You Lose!

Ask yourself this, "Why do I even need the friggin' news? Isn't that for predicting? Isn't predicting a losing proposition? Can't I just get from the charts all that I need in order to trade profitably? Do I expose my fragile brain, the thing I use to analyze charts with, to unnecessay deceiving influences by taking my mind off the charts and absorbing all that bull shit put out by SMs, other profiteers, and all their 'talking heads'?"

Turn off the friggin' TV!
If you've room to pull up some bull shit to read, pull up another chart instead!
Trade in a vaccuum and mind your own P's and Q's!

Charts tell you all you need to know.
If you can't see a valid setup, wait!
If a valid setup suddenly goes haywire, exit!

Don't think you need to know what the market is going to do next. You don't. You just need a valid setup and quick, appropriate responses to PA that can be ever changing by SM.


Price action and Support & Resistance!
  • #43,282
  • Jan 23, 2013 2:08pm Jan 23, 2013 2:08pm
Market Comment:

And after all this hulabaloo today, do you realize the EU and GU are likely to finish very near where they started? SM is still checking the docks to see that north bound cargos are suitably dispositioned, and is loading up all available south bound cargos for the beautiful sail to the southern seas, where they will be off-loaded.
  • #43,283
  • Jan 23, 2013 2:15pm Jan 23, 2013 2:15pm
[quote=traderathome;6388562]If You're a News Schmooz, You Lose!

Ask yourself this, "Why do I even need the friggin' news? Isn't that for predicting? Isn't predicting a losing proposition? Can't I just get from the charts all that I need in order to trade profitably? Do I expose my fragile brain, the thing I use to analyze charts with, to unnecessay deceiving influences by taking my mind off the charts and absorbing all that bull shit put out by SMs, other profiteers, and all their 'talking heads'?"

Turn off the friggin' TV!
If you've room to pull up some bull shit to read, pull up another chart instead!
Trade in a vaccuum and mind your own P's and Q's!

JHC Matey you are paranoid!
  • #43,284
  • Edited 2:51pm Jan 23, 2013 2:18pm | Edited 2:51pm
EJ, My Take....

'Course, might be another backtest of TL or some other S&R. Would possibly create a Head & Shoulders formation. Could be a fine and final SonicR long setup and trade before the Mark Down phase truely gets underway. Every day is a new day with new PA, as SM has their way.
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  • #43,285
  • Edited 2:45pm Jan 23, 2013 2:32pm | Edited 2:45pm
Quoting bank stain
Quoting traderathome
If You're a News Schmooz, You Lose!

Ask yourself this, "Why do I even need the friggin' news? Isn't that for predicting? Isn't predicting a losing proposition? Can't I just get from the charts all that I need in order to trade profitably? Do I expose my fragile brain, the thing I use to analyze charts with, to unnecessay deceiving influences by taking my mind off the charts and absorbing all that bull shit put out by SMs, other profiteers, and all their 'talking heads'?"

Turn off the friggin' TV!
If you've room to pull up some bull shit to read, pull up another chart instead!
Trade in a vaccuum and mind your own P's and Q's!
JHC Matey you are paranoid!
Paranoid? Hardly. Been around a long time. Experience has fostered a healthy suspicion,.....

....which has proven to be a very accurate asset far, far more times than not!

The basis of paranoia is delusions, or unfounded convictions. If you've been in the markets long enough, you already know that even if you knew in advance every piece of important news that came out over the last number of years, and had traded the logical direction based on that news, then you wouldn't be here as a successful trader today!
  • #43,286
  • Jan 23, 2013 2:43pm Jan 23, 2013 2:43pm
Quoting traderathome
Paranoid? Hardly. Been around a long time. Experience has fostered a healthy suspicion,.....

....which has proven to be a very accurate asset far, far more times than not!
Ok Stalin!
Edit: (mumble to myself. He completely misses the point!)
  • #43,287
  • Jan 23, 2013 2:53pm Jan 23, 2013 2:53pm
Quoting bank stain
Ok Stalin!
Edit: (mumble to myself. He completely misses the point!)
Hey, if there is a valid point in your comment that you think is escaping me, then try articulating instead of judging. Because, if I were paranoid, then by definition, I'd still have an open mind to accept new delusions!


-tah
  • #43,288
  • Jan 23, 2013 3:06pm Jan 23, 2013 3:06pm
Quoting traderathome
Hey, if there is a valid point in your comment that you think is escaping me, then try articulating instead of judging.

-tah
All I said is that it seems everybody ignored that Cameron's EU speech was this morning! Then you went off on a mad rant!

Look, same as you I've been around trading this market for a long long time. The point was that whenever the British PM is set to make a speech on the EU, the BOE uses it as an opportunity to manipulate the market through alternating exponential volitility. Hence the reason why I stayed away from the EUR and GBP pairs today.
I suppose this wasn't on the FF calendar so anybody not currently living in the UK wouldn't have taken notice of this. It's an experience thing as you say.

Anyway I suppose that's it for me now before mr unreasonable, (AKA tw-ee) decides to lock off my account again.

I'll leave you with my trading setup from 2008 which may let people know who I really am (providing they have been on FF long enough to recognise)

Peace

http://www.forexfactory.com/attachme...1&d=1242826628
  • #43,289
  • Edited 3:24pm Jan 23, 2013 3:06pm | Edited 3:24pm
Market Comment:

Low volume time in the market is often when SM "tests" for supply or for demand that might exist and put a damper on their planned next big move. That is why in the last wee hours of a trading day, when only the US market is open and most trading outfits are not aggressively building positions, you will see prices start to rather consistently move in one direction or the other. This is SM "repositioning" price to suit their plan. Maybe price is being moved up to test if demand exists that could put a damper on a planned move down. Or, maybe price is being moved lower to test if supply exists that could put a damper on a planned move up. With a low volume market environment, it is cheaper to move prices to accomplish the test, and any supply response, or demand response becomes more visible and notable.

If not moving price to accomplish testing for supply or demand, SM also moves price simply to "reset" price nearer where they'd like to resume the next day doing more of what they have been doing. It is the time in the day for SM to most cheaply and most easily move prices towards where SM wants them.

If you look at such as AU, EU, GU, AJ, EJ,....you name it, in these last hours of the day they all have prices that have been drifting up. Draw your own conclusions.

As an example, look at AU. For sure, since the pump up, selling has dominated buying (Pump & Dump). But, gee, look at that last whopping green bull bar! Now, take a closer look. No volume behind it! SM is not a bull. SM is a bear, cheaply moving price back up in the wee hours of the market. Yes, SM bears can create bullish looking PA. They do it all the time.
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  • #43,290
  • Edited 3:50pm Jan 23, 2013 3:31pm | Edited 3:50pm
Quoting bank stain
All I said is that it seems everybody ignored that Cameron's EU speech was this morning! Then you went off on a mad rant!

Look, same as you I've been around trading this market for a long long time. The point was that whenever the British PM is set to make a speech on the EU, the BOE uses it as an opportunity to manipulate the market through alternating exponential volitility. Hence the reason why I stayed away from the EUR and GBP pairs today.
I suppose this wasn't on the FF calendar so anybody not currently living in the UK wouldn't have taken...
Beautiful setup, bank stain! Absolutely the "cat's meow!" Love it! Mine's on a card table.

Ok, peace. I'll accept "mad ranter" as better than "paranoid"!

You know what? Even if nobody properly welcomed you to the Sonic R. System thread, you sure are appreciated. Anyone with knowledge accumulated from experience has a lot to offer others that are willing to listen. I don't know if by choice you mostly frequent some other thread, and only drop in here from time to time. Regardless, anytime you have from such insight as you mention, gems of wisdom to share that could help others that are disadvantaged by way of not having such knowledge and experience, then feel free to drop in and share. Sonic's prime motivation for this thread is, "....sharing is caring." I, as well as others I am sure, look forward to any postings you wish to contribute. And, may God bless you in whatever you do to help others.

Sincerely,
-traderathome
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  • #43,291
  • Jan 23, 2013 3:45pm Jan 23, 2013 3:45pm
Quoting traderathome
Beautiful setup, bank stain! Absolutely the "cat's meow!" Love it! Mine's on a card table.

Ok, peace. I'll accept "mad ranter" as better than "paranoid"!

Gheeze I can't believe I'm still here! Twee must be asleep!
I don't have that setup anymore. Was nice but kind of pointless. Only use two screens now, one for mt4, one for live charts!
  • #43,292
  • Edited 4:24pm Jan 23, 2013 3:57pm | Edited 4:24pm
Quoting bank stain
Gheeze I can't believe I'm still here! Twee must be asleep!
I don't have that setup anymore. Was nice but kind of pointless. Only use two screens now, one for mt4, one for live charts!
What's the issue with (you know)? Worked professionally in the market? Still? Like many others, now a private citizen that trades? Isn't it a bitch when free communication of truth, of facts of life, have to take a back seat to "procedures"?
  • #43,293
  • Jan 23, 2013 4:03pm Jan 23, 2013 4:03pm
hello traderathome,

I saw your thread about 5 or 6 months ago and took only the template trying to figure it out by reading the pdf attachments and sometimes I read some of your post ... a little difficult for me, because English is not my language, I've never been very good (I'm Italian) are always there with the translator ... Today I followed you all day, I do not know why, but that was it ... I have to say is that in addition to important information that you share with all (I do not know how many others would do), you and all those who follow the daily thread (from today I'll be there too), you are a great band and the last post between you and the banker made ​​me die laughing.

I still have a lot to learn, but I will try as far as I am capable, to be involved, when I can.

thank you traderathome, sonicdeejay and all those involved in teh thread finally those FF
  • #43,294
  • Jan 23, 2013 4:09pm Jan 23, 2013 4:09pm
GU Comment:

Absorption volume time at S&R before next mark down? Is SM working to exhaust longs, to get them all committed into the market before launching the next move down? Will the next move down actually start with another spike up to suck in and entrap the more "standoffish" longs?

Questions, questions, questions. Guess it comes down to having an open mind each new day, and trading whatever the market gives, no matter which direction. Just so long as it is a suitably qualified setup.
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  • #43,295
  • Edited 4:40pm Jan 23, 2013 4:26pm | Edited 4:40pm
Quoting traderathome
What's the issue with FF? You worked professionally in the market? Still? Or like so many others, are you now a private citizen that trades?
Haha no issue with FF. Just back in the day you couldn't say a word of friendly fire without being kicked off! Surprised that you haven't got in trouble for some of your posts yet!
Perhaps it's just a much more popular place nowadays then when I used to post.
No I've not worked professionally in this industry, self taught. My profession is business management for a large coorporation.
To be honest I don't tend to intraday trade much anymore as I don't have the time (something I'm thinking about changing). I do a few day trades from time to time but I'm selective and usually hit large longer term trades. Sort of pension building...

Interesting to see how others trade though. It's nice to diversify in my opinion. In all my years of trading I've never used volume and this system looks pretty good to be honest!
It's like Sonic says though, doesn't matter the system you trade, 70% trader 30% system or whatever. True words.

Edit: Thanks for the kind words above by the way, I might just post a few bits from time to time.. Off to watch Utopia now, great new series!
  • #43,296
  • Jan 23, 2013 4:27pm Jan 23, 2013 4:27pm
GU: New day follows a bearish conclusion of yesterday. A TL S&R issue next.
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  • #43,297
  • Jan 23, 2013 5:02pm Jan 23, 2013 5:02pm
GU, Pure, Unadulterated Speculation:

Asian SM off to a bear start, following a minor bear finish of yesterday. Keeping in mind that FO and LO SM don't like to be outdone, meaning they like to start off from the same highs or lows that the asian session started with (or created), this could pull back to/above the TL/PVT/half number.

Then, of course, those thieving Wall Street ego maniacs like to outdo everyone else. So, this could end up being another day of wider and wider swings (which tend to ultimately break down, though that is not a guarantee).

Right now, this is a pre-LS short setup that is already running, so as Sonic says, "...to late to short, too early to long..." But, we don't lust after asian session "setups", do we? No! And with a USD high impact coming later, things still could be real fun today!
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  • #43,298
  • Edited 5:29pm Jan 23, 2013 5:16pm | Edited 5:29pm
GU:

Go figure this one out! Does it appear there is an "agreed upon" level that no SM is to breach until the "Go!" signal is sent? My gosh! Just look at that volume, and whilst price is kept inside a 1.6 pip range! Man, that takes some supreme price manipulation!

Is SM sucking in shorts so it can go long, exhausting the shorts before a move back up? Is SM closing shorts, feeding them to unsuspecting shorters, before a planned move back higher? Have no idea, but this has a bullish taint to it.

Exciting to watch such PA, but must keep in mind it could go either way, next.
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  • #43,299
  • Jan 23, 2013 5:28pm Jan 23, 2013 5:28pm
the same on AU in last 30 min maybe... i'm not sure
  • #43,300
  • Jan 23, 2013 5:35pm Jan 23, 2013 5:35pm
I am thinking 1.6 for the pound before 1.57....
Holding my longs for atleast 1.59 tomorrow or after, only time will tell us.
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