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Sonic R. System

  • #43,581
  • Jan 30, 2013 9:28pm Jan 30, 2013 9:28pm
Brainstorming :

I wanna ask again to TAH and every master here. Based on the picture which is i do not trade it last night. which one that you guys OP in which position? The circle or the rectangle area? For me I am personally OP in the rectangle area. Sometimes i miss the opportunities because the PA do not retrace to the rectangle area. For e personally in the rectangle because i think it is safer but sometimes i lost the opportunities.
I just wanna know the reasons too. thx.
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Money Management and Patience is the Key
  • #43,582
  • Jan 30, 2013 9:58pm Jan 30, 2013 9:58pm
Where is price will go?

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  • #43,583
  • Edited 10:29pm Jan 30, 2013 10:16pm | Edited 10:29pm
Quoting traderathome
AU: Just added to the group of longs.
AU: MMs working it down again. Added long again. Scout.
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  • #43,584
  • Edited 10:39pm Jan 30, 2013 10:21pm | Edited 10:39pm
Quoting scuderia
Brainstorming :

I wanna ask again to TAH and every master here. Based on the picture which is i do not trade it last night. which one that you guys OP in which position? The circle or the rectangle area? For me I am personally OP in the rectangle area. Sometimes i miss the opportunities because the PA do not retrace to the rectangle area. For e personally in the rectangle because i think it is safer but sometimes i lost the opportunities.
I just wanna know the reasons too. thx.
GU: The circle area is consolidation, MMs building before next leg up. They already know it is going higher. The rectangle area is the same price area. Here is where MMs that failed to make, or to complete their positions at the time of the circle, manipulate price back down to do so. The rectangle is confirmation the price is going higher. You might not get a confirmation pullback with every breakout run, so the circle is the best. But, if you do get a confirmation pullback, it is an additional opportunity to add to a trade that just dropped in risk.

You might ask the question, "Why is it that some MMs don't get a position, or don't complete their position at the time of first consolidation (circle area)?" The answer is this. In order to go long, MMs need suckers going short. They run out of them. So, they have to wait some time for new suckers to get sucked in. And it helps if the MMs encourage them in by giving the shorts higher prices to short at. And if that doesn't work, then MMs bring the price back down so greedy short suckers jump in before it goes back too low! It's the price manipulations MMs regularly engage in to build their position, to bring in the numbers of suckers they need in order to complete their positions. Hence, sometime later the MMs again whip the price back to the prime price area they have been building their longs at, and complete however much more they can, on the basis of how many new suckers are drawn in.
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  • #43,585
  • Edited 11:26pm Jan 30, 2013 10:54pm | Edited 11:26pm
ej: Added to EJ group of shorts.

Edit: corrected the wave draw...(Pic 2)
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  • #43,586
  • Jan 30, 2013 10:58pm Jan 30, 2013 10:58pm
Hi Tah, I am still learn about VSA, what a boxed candle mean?
Thanks before

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  • #43,587
  • Jan 30, 2013 11:13pm Jan 30, 2013 11:13pm
Quoting SCopier
Hi Tah, I am still learn about VSA, what a boxed candle mean?
Thanks before

Attachment
It's green, so it closed higher than it opened.
The long lower wick means one of two things,...
1. MMs were bulls and manipulated the price down to buy at lower prices, or
2. MMs were bears selling heavily which drove the price lower.
....whichever is the case, the MMs popped the price back up afterwards to cover their tracks so folks won't know if they are bull or bear.
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  • #43,588
  • Jan 30, 2013 11:49pm Jan 30, 2013 11:49pm
Quoting traderathome
GU: The circle area is consolidation, MMs building before next leg up. They already know it is going higher. The rectangle area is the same price area. Here is where MMs that failed to make, or to complete their positions at the time of the circle, manipulate price back down to do so. The rectangle is confirmation the price is going higher. You might not get a confirmation pullback with every breakout run, so the circle is the best. But, if you do get a confirmation pullback, it is an additional opportunity to add to a trade that just dropped in...
Yes i do admit that i lost the chance when the pull back do not exist in the trade. But if u do not wait the pullback how many times it hit your SL due to wrong signal or swings. Thx for the replay i am gonna wise on each trade.
Money Management and Patience is the Key
  • #43,589
  • Edited Jan 31, 2013 12:03am Jan 30, 2013 11:51pm | Edited Jan 31, 2013 12:03am
Quoting traderathome
GU: Entered long. Have been watching this. Due to extreme market volatility yesterday, I have been very wary of matters. I wanted to see this come back down to test a resistance level and see if it acted as support. Price just did this, and I entered. Still, there is the USD release in about an hour. Price could be wacked again down to a support level. Maybe a lower one. There is just no telling. So, I watch PA with a mental SL for the time being, and a target in the RDH area that is tentative.
Quoting traderathome
GU: After the USD release, PA waffled for a time but seemed to accept previous S&R as support because most PA was around it and above it. I finally decided it seemed more support than resistance. And so, with the USD release a good fifteen minutes gone I entered a second, higher trade. SL is still mental and I have not yet decided on any firm TP.
Quoting traderathome
GU: Entered long. This is added to an existing group of longs.
Quoting traderathome
GU: Added long to this group.
Quoting traderathome
GU: Added long to this group. EP5.
GU: Closed out all five trades at TP1 shown, for 5x63= 315 pips gain, average EPx5 to TP1.
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  • #43,590
  • Jan 31, 2013 1:06am Jan 31, 2013 1:06am
GU: Short on M5.
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  • #43,591
  • Jan 31, 2013 1:29am Jan 31, 2013 1:29am
Quoting traderathome
GU: Short on M5.
Shame on you, TAH for the early entry. :op

I am about to go short as well, depending on if price breaks the recently formed top or not. I want more confirmation, though. I would be happy to see a double top formed.
Currency is a joke. And that's precisely why I trade it.
  • #43,592
  • Jan 31, 2013 1:37am Jan 31, 2013 1:37am
Quoting traderathome
Nope. You go read the first post, and everything in it! It is all there, so obviously you have not done your homework. Either that, or you really weren't paying attention.
Yes sir... I will learn more and finish my homework 1st. Sory if I annoy your time with my question. Hope you are not angry to me. I'm glad to be your disciples in this thread. Always good luck sir...
Consistent Is not easy but It Is must
  • #43,593
  • Edited 1:53am Jan 31, 2013 1:42am | Edited 1:53am
Quoting MtDarkness

I am about to go short as well, depending on if price breaks the recently formed top or not. I want more confirmation, though. I would be happy to see a double top formed.
Me gusta

Edit- stopped out. I knew I should've waited for better confirmation. ^_^
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Currency is a joke. And that's precisely why I trade it.
  • #43,594
  • Jan 31, 2013 1:56am Jan 31, 2013 1:56am
GU: Added to an existing group of open short trades.
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  • #43,595
  • Jan 31, 2013 2:11am Jan 31, 2013 2:11am
EU: Added to group of existing shorts. Should be labeled "EP6".
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  • #43,596
  • Jan 31, 2013 2:26am Jan 31, 2013 2:26am
Quoting traderathome
GU: Added to an existing group of open short trades.
This is not a good entry, professor..

Adding a lossing position is not an good idea..

Sonic
  • #43,597
  • Jan 31, 2013 2:31am Jan 31, 2013 2:31am
Quoting traderathome
GU: Added to an existing group of open short trades.
You seem to deviate a lot from the original Sonic R system..
  • #43,598
  • Jan 31, 2013 3:03am Jan 31, 2013 3:03am
Hi all,

I've been observing the Sonic R System for a couple of months now and while i don't use it personally, it does have some elements which are similar to my trading system.

It has been my experience over the past 5 years that many newbies to Forex struggle with their trading since they lack a simple and robust trading system to work with as they develop their insights and abilities in the markets... my two pence is that Sonic R is a great system for you all to begin with - with just one caveat... stick to the rules!!!

Stick to the rules until you develop a "feel" for the markets, only then can you modify or develop your own trading system...

I noticed that TAH (who i do admire for his insight) is trading against the trend (the GU trade), the dragon is pointing up... why sir, are you shorting? I guess you have your reasons, but posting a trade like this can be confusing for newbies and cause them to develop bad trading habits which will result in frustration and loss of confidence in the Sonic R System.

May i respectfully suggest sir, that you refrain from posting these more "advanced" trades and just keep it simple for the "little ones" who look up to you and Master Sonic and others...

Have a great trading day all.... best wishes!!!
Coz$FX bringing you the good word from RaBiTFX
  • #43,599
  • Jan 31, 2013 3:23am Jan 31, 2013 3:23am
Quoting sonicdeejay
This is not a good entry, professor....Adding a lossing position is not an good idea....

Sonic
On the face of it, I agree.

Unfortunately I traded poorly many, many months back, sat on the eggs, and now I see they might possibly hatch. The analysis below is the reason. I have no idea if GU will next go up or down. If it goes down, it does not have to go down much to clean the slate. If this backtest of S&R fails and it goes higher again, then I will take advantage of it and add another short, increasing the level at which I clean the slate. I have withstood the worse already. Up or down next is no concern, as I see this on its way to FE 162. A little retrace back up will be more of an opportunity for me than a problem.

I have five entries spaced out at levels within the rectangle, and now my average is at the FE 127% level, which price has already hit and which I am sure price will pass below the next time down.

So, that is my plan for this. Meanwhile, I have been making way on preventing such from happening again.
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  • #43,600
  • Jan 31, 2013 3:33am Jan 31, 2013 3:33am
Quoting oakinogundej
Hi all,

I've been observing the Sonic R System for a couple of months now and while i don't use it personally, it does have some elements which are similar to my trading system.

It has been my experience over the past 5 years that many newbies to Forex struggle with their trading since they lack a simple and robust trading system to work with as they develop their insights and abilities in the markets... my two pence is that Sonic R is a great system for you all to begin with - with just one caveat... stick to the rules!!!

Stick to the rules...
Others have asked the same before. I post such trades because they are connected to other open trades already posted here. All my trades are posted here. Some stink, and I have to dig out later. Such digging out sometimes requires additional trades to help the process along. And these additional trades are posted. And when all is done, gain or loss, the final post closing out the trade, closes out all the trades, all of which have been previously posted here when entered. And the closing post will have back links to every trade involved, so anyone with questions can easily research what happened.

For example, last session I closed out five other GU long trades for 315 pips gain (EPs to close). Similar, recent situation, though not nearly so bad. All the information is linked in the closing post (at top of this page, or thereabouts).

Fair enough?
-tah
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