Sonic R. System

There is no rule for that. It is a "visual" thing, and you just need to log in screen time to become discerning of good and not-so-good waves.

-tah

How the MMs Steal Your Money:

After selling off from the Asian session highs down to the whole number area, a 100+ pips sell-off, the MMs started to support the price. They brought the price back up to the TL. From that time on, they kept the price up against the TL, feigning bullishness. Later, after the highs had crept up along with the TL for a suitable time, the MMs suddenly rammed the price up even more. Who knows how many traders got sucked into going long then!

Since the run up in price yesterday, PA has been screaming "MMs Distributing!" Just look at the Daily chart and see how EU has been pushed higher and higher for ever so long now. And the drop a few days ago was the first substantial drop in more than a month! Any such drop, after such a long, relentless pumping of the price, could be the start of a reversal. And you have to consider that possibility. And if prices are going lower, they aren't going much lower until the MMs start getting rid of a lot of their longs. They need others to go long in order to get rid of their longs! So, as price begins to show bearishness, there is bound to be lots of deceptive PA put on by the MMs to sucker traders to go long. The MMs not only need to get rid of longs, but in addition they need to build shorts! This requires the MMs put on a lot of fancy, deceptive PA to fool lots others into going long!

Now, the price is back below the TL, apparently moving lower. And that is how the MMs steal your money.

-tah

I like Sir TAH's dedication...

The truth of the mkt is mkt trend only at 30% of the time or less, where most of the time it ranges..
One day up, one day down. It is sure way to get day trader or scalpers get whipped...
The lower TF u go, the more mastery skill u will need..
The higher TF u go, the clearer the candle becomes..


Sonic

Short Sonic Entry on EU about to come about. I entered early once I recognized the distribution area last night. Textbook Wyckoff. I will be looking to increase my position upon a valid Sonic signal, however, if PA shows that it is ready to start back down. Otherwise, I'm at b/e, some profit already taken. I gotta be careful adding positions, as I am an American trader and must follow FIFO rules. blech!

EU Comment:

Here is another short setup possibly forming. I'd think a SL above half number would be appropriate, since MMs didn't get the price up there on the last spike up. This late in the day there is no telling if such a setup breakout will run or go into ranging. I do see price dropping to the next lower whole number on any true breakout downwards, today or tomorrow.

You can easily see just how "congested" PA has been in the LS today. Guess what? That is the frenetic manipulation of price up and down repeatedly by the MMs as they work to get rid of their longs and go short, imho.

-tah

EJ Comment:

This is starting to hold bearish. Another short setup could be forming for late US session, or next asian session. No one knows what the MMs will do next, never! However, if we get another bearish breakout, there is the potential for a 150+ pips move down!

-tah

Hi sonicdeejay,

I am a university student and I am very interested in your trading system. I am from Singapore too
I see your systems has been developed on mt4 only.

Do you want to implement it on mt5? I really want to help with my programming skills.

Tell me if you want to do.

Short on EJ, Sonic R setup, even though LS is closed and it is now just the US session. Gonna watch this one closely as it is hitting the daily pivot. It may turn around here. It won't get to my S/L, though. I'll close it before then.

EU wiil enter short 3508

EU- woo hoo! Here comes another leg down! XD
I'm already in this trade, and FIFO rules won't let me close a trade out if I'm wrong, so I'm just sitting here, watching the account grow (or shrink if I'm wrong, lol).

1.3515 is the line in the sand. As long as it stays below that on pretty much all TF's, it's gonna head down. A break above that would make the recent down move considered to be a false breakout or head fake.

Just curious. Why did you choose that TP?

it is one of S/R lines(weekly resistant)

Oh, ok. I see. Did the market shake you out just now? Pretty sure that's what they're doing, but I wouldn't be entering just right now, personally. If so, it would be right now @ 1.3515 so I could exit with minimal loss in case I was wrong. Again, I'm FIFO restricted and already in this trade or I probably would. Can't close it if I'm wrong though, so I'll pass. lol

Seriously, I'm moving to the UK one day. Then I can have a regular schedule and still catch the biggest moves in FX and also go long, short, sideways, backwards and in circles with my trading. XD I do wish I could take a long even if I am short on the market over the long term. /whine

UCad Comment:

High volume torpedo. MM loading up on longs.

-tah

AU Comment:

TL break with sudden price swing on high volume. MM building long: swings price up to trigger pending longs into market, then drives price down to hit SLs on longs, and to trigger pending shorts into market. All of this works to create liquidity for the MM to get long orders filled at the lows where the swing ended. Bullish.

-tah

GU Comment:

Today, the jig is up one way or the other, with multiple GBP high impact releases spread out over several hours. The TL is resistance. In the past it represented both resistance and support. PA behaviour around this TL might give the first clues today.

-tah

It was whippy Wednesday indeed..

we are in no man land for now..

Sonic

yeah...

dragon angle UP. PA break the previous SR. But the wave is not correct to go long. It is just higher low that i can see in there? Is it the first indicator to go long on EU?

Explain , why u didnt go long ? even higher TF up Trend.