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Sonic R. System

  • #43,861
  • Feb 7, 2013 11:04am Feb 7, 2013 11:04am
Quoting traderathome
UCad: Entered long on pullback to EP area. No SL. No TP as of yet.
Quoting traderathome
UCad: Entered Scout short. I've been posting on this, so you can understand why.
Quoting traderathome
UCad: Entered scout long#3. Previous was long also, not short.
UCad: Closed all three trades for 34x3= 102 pips gain, average EPx3 to TP1.
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  • #43,862
  • Feb 7, 2013 11:39am Feb 7, 2013 11:39am
Quoting traderathome
GU: Entered short.


Possible divergence on TDI! Caution! its bullish
  • #43,863
  • Edited 12:37pm Feb 7, 2013 11:56am | Edited 12:37pm
Quoting traderathome
GU: Entered short.
Quoting luisermers
Possible divergence on TDI! Caution! its bullish
TDI? I have no idea to what you are referring. The Sonic R. System does not use divergence and you are supposed to post a pic. here, if you want to talk.

Look, you've been on Forex Factory all of six days. And this is your second post on FF. And in that short period of time, you are an expert on divergence and whether the market is bullish or bearish? I respectfully submit you might try learning, trading, learning more, etc. before you hand out advice.

But, thanks anyway. I suppose your heart is in the right place.

-tah
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  • #43,864
  • Feb 7, 2013 12:58pm Feb 7, 2013 12:58pm
Quoting traderathome
TDI? I have no idea to what you are referring. The Sonic R. System does not use divergence and you are supposed to post a pic. here, if you want to talk.

Look, you've been on Forex Factory all of six days. And this is your second post on FF. And in that short period of time, you are an expert on divergence and whether the market is bullish or bearish? I respectfully submit you might try learning, trading, learning more, etc. before you hand out advice.

But, thanks anyway. I suppose your heart is in the right place.

-tah
Totally agreed with traderathome.
my system call for short, based on wave pattern and gatley, i dont trade divergence either and distribution..
pended my short. lets the price do the justice.
  • #43,865
  • Edited 1:18pm Feb 7, 2013 12:59pm | Edited 1:18pm
Quoting traderathome
GU: Entered short.
GU: Added short. Scout.
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  • #43,866
  • Feb 7, 2013 1:30pm Feb 7, 2013 1:30pm
EU Comment:

And with range stretching days like this one, I suppose 1.3250 is within reach before the end of the week tomorrow.
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  • #43,867
  • Feb 7, 2013 3:48pm Feb 7, 2013 3:48pm
What a day what a day for being short the EU! All my positions are closed for a total of 318 pips.

Now that price has moved off the highs in a strong reaction, and is officially bearish on the 4h, a complete trend reversal is likely and that means lower prices. Keep an eye on your daily trend line. Breaking there will be critical. If we don't see more long distribution/ short accumulation, I'm not sure that this reaction will last very long. I hate to say this cause it's lame, but I want some more sideways movement. I'm hoping that this is the automatic reaction on what will become a long session of distributing.


P.S. We have entered the dragon on the daily, I would expect to find resistance here. Indeed, the 34 Daily EMA is where price bounced and paused.
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Currency is a joke. And that's precisely why I trade it.
  • #43,868
  • Feb 7, 2013 4:31pm Feb 7, 2013 4:31pm
Quoting traderathome
EU Comment:

And with range stretching days like this one, I suppose 1.3250 is within reach before the end of the week tomorrow.

TAH, if you don't mind, can I ask why do you suspect of this going short (i am reffering to post # 43,866 - GBP/USD M15)?

I am actually doing well spotting the initial L-H-HL setup. I made around 30 pips (demo) on this move. I am seeing a possible fib retrace and a bounce again but you thoughts are for a short setup. Do you hold that view because of to the "overall" trend? In the rule book, it states that when your going with the overall long term move, then you might be in for the long term. I just want to make sure and ask the OG's instead of possibly filling in the wrong answer myself. Finding the entries for long setup's are starting to click for me but even though I leave out safely (not to greedy), its a challenge trying to figure out when the upswing might be exhausted.

Thanks!
I love forex. One day it will love me back.
  • #43,869
  • Feb 7, 2013 7:35pm Feb 7, 2013 7:35pm
Quoting traderathome
AU: Added Scout long.
AU: Added to AU long on basis of Monthly SR.
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  • #43,870
  • Feb 7, 2013 9:46pm Feb 7, 2013 9:46pm
Quoting Singha83
TAH, if you don't mind, can I ask why do you suspect of this going short (i am reffering to post # 43,866 - GBP/USD M15)?
GU Barfed!

Look at this M1 (yes, the minute chart) at the time of the last big manipulation of price upwards. What do you notice about the volume of the minute bar that started the drive, and the volume of the bar that ended it ten minutes later? Do you really think the MMs frantically hiked the price 100 pips just for the privilege to buy at the top?

No, of course not! They had to get the price back up high enough to where there were enough pending long orders to hit, and pending stops on shorts to hit, to thereby enable them to escape from their own longs! And they had to do it fast, before those with the pending long orders and pending short stop orders realized what was happening and cancelled those orders!

,,,,,,,,,,,,,,,,,PUMP 'n DUMP! (also called "BARF")

-tah
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  • #43,871
  • Edited 10:37pm Feb 7, 2013 10:23pm | Edited 10:37pm
Quoting traderathome
GU: Entered short.
Quoting traderathome
GU: Added short. Scout.
GU: Added short. Scout.

Since yesterday, this has been rising on declining volume. My interpretation is the MMs are extremely bearish, and maybe still have longs to escape from, hence the rising price and feigning like they are bulllish. For quite some time here in the asian session the price scarely moved. It has been held to a tight range, as though a very large sell order blocked price from rising. Once the price popped thru and achieved the quarter level, this pending short executed. It could go higher, but the MMs already have it qute high relative to the height of the move up yesterday. Shorters are probably loving this, and it seems to me that no matter how high the MMs continue to push this, all they will encounter are more sellers, like themselves.

If the MMs really have gotten themselves trapped in long positions, then their only hope might be yet another extreme Pump & Dump, like yesteday. That is the risk of adding Scouts at these current levels.

-tah
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  • #43,872
  • Edited 11:47pm Feb 7, 2013 10:54pm | Edited 11:47pm
AU Comment:

Looks like a long setup forming. Disadvantages are it is not yet LS, Dragon does not yet have good up angle and Trend Line is still angled down. On the brighter side, this shows a nice relative increase in volume earlier when the MMs ran the price down and back up. The FO/LS MMs might do the same, so seems best to not be drawn in at this time.

Edit: Wait! This is a good setup! Extra leg (pic. 2)! On the basis of that extra confirmation, maybe waiting for LS is more optional. We'll see. But, if I were not already long, I might consider entering long a pullback, even knowing the LS MMs might pull it back further,.....because they might not. Note the PVT aligns with previous support levels (see left area of chart). FO/LS MMs might pull the price back from this area (as did the asian session MMs) to load up long and then run it up thru (speculative).

-tah
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  • #43,873
  • Edited 11:40pm Feb 7, 2013 11:01pm | Edited 11:40pm
Thanks for the great explanation, TAH. I guess that's why a TP is so important. Good thing I had it set.

I have noticed being a newb, I sometimes will accidently deviate off the sonic rules (without even knowing it) and end up on the opposite side of the trade. After reviewing the losses, I realize that I missed a sonic step. I guess learning the system requires some time to turn it into a habit. I can't believe how much I am learning from this system + demo account. I wouldn't mind sharing my loosing/winning trades but I am not sure what good it might do since every poster here seems to be more proficient plus I wouldn't want to confuse another newb. I'm all demo, so I am lucky to be able to learn from any losses instead of pulling my hair out.

Thanks!
I love forex. One day it will love me back.
  • #43,874
  • Feb 8, 2013 12:11am Feb 8, 2013 12:11am
Quoting traderathome
GU: Added short. Scout.

Since yesterday, this has been rising on declining volume. My interpretation is the MMs are extremely bearish, and maybe still have longs to escape from, hence the rising price and feigning like they are bulllish. For quite some time here in the asian session the price scarely moved. It has been held to a tight range, as though a very large sell order blocked price from rising. Once the price popped thru and achieved the quarter level, this pending short executed. It could go higher, but the MMs already have it qute high...
WOW TAH. is that real? I think u just counter the trend and average it.
from what i see is the trend is bullish right now. till test the SR area which is yesterday high(swing) if i gona short it it is definitely in that 1.5766 with tight SL of course.

for me i still wait and see. and remember this is friday.
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Money Management and Patience is the Key
  • #43,875
  • Edited 1:13am Feb 8, 2013 12:51am | Edited 1:13am
Quoting scuderia
WOW TAH. is that real? I think u just counter the trend and average it.
from what i see is the trend is bullish right now. till test the SR area which is yesterday high(swing) if i gona short it it is definitely in that 1.5766 with tight SL of course.

for me i still wait and see. and remember this is friday.
GU:

PA is in downward trending channel. PA is currently at a SR level and note the "indecision" candle there (yellow backdrop). Next higher SR is the half number, and note that the TL crosses down thru it during the first part of the LS. My estimate is even if the MMs spike the price up, it will only be to that area. I have another pending short up there. It is also a good area to place SL just above, which means the SL does not have to be a big one. Also, just stand back from the chart and observe the waves in the Dragon, and that the Dragon is trending down. Finally, observe that the PA after the Pump & Dump pretty much centers around the whole number 1.5700, and now mostly above it which is excellent for sucking in longs while preparing for another leg down to the 1.5600 area.

Why the 1.5600 area? Simple. Swings tend to be in 100+, 150+, 200+ moves, and the high of the last swing up (the Pump & Dump highs) is just above the 1.5750 half number area. So, anything from 1.5650 down to 1.5600 is a likely target for completing a swing down from those highs. And the channel would suggest the lower region is not out of the question. If it happens, it probably will not all happen today, though.

As for "testing" or "backtesting" the 1.576x area, well first of all these are bullshit terms! There is no "testing" involved. What happens is the entering of and/or the exiting of positions. Call it "ET" (ET = entering/exiting). In this case, what do you think that drive up to 1.576x was all about yesterday? It was to exit longs,enter shorts! What you are waiting for already happened! (See pic.2)

-tah
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  • #43,876
  • Edited 1:32am Feb 8, 2013 1:18am | Edited 1:32am
GU Comment:

If there is any doubt in your mind, then simply add up the "Up" volumes (up to the high) and the "Down" volumes (down from the high), and then compare them! I don't know about your eyes, but my eyes tell me the volumes under the "up" arrow pale in comparison to the volumes under the "down" arrow! So, in reality, are the MMs bulls or bears? Looks to me like the MMs pumped the price up on as light an investment as possible, and then sold off as heavily as possible without causing the price to crash down prematurely. See? This is a simple, century plus old trading strategy to sell (close longs) and to sell more (open shorts), and do it all in a big-time fashion, and without ever dropping the price on yourself as you do all that friggin' selling!

-tah
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  • #43,877
  • Feb 8, 2013 1:35am Feb 8, 2013 1:35am
Quoting traderathome
GU:

PA is in downward trending channel. PA is currently at a SR level and note the "indecision" candle there (yellow backdrop). Next higher SR is the half number, and note that the TL crosses down thru it during the first part of the LS. My estimate is even if the MMs spike the price up, it will only be to that area. I have another pending short up there. It is also a good area to place SL just above, which means the SL does not have to be a big one. Also, just stand back from the chart and observe the waves in the Dragon, and that...
Ok i'll wait and see. i can see that your SR therle is from H1 SR. I think that can go down. but still for me i think i just wait til the 1.5766 area. i think the price will hit that. and i see that 1.56xx SR is stronger than the h1 SR
Money Management and Patience is the Key
  • #43,878
  • Feb 8, 2013 1:41am Feb 8, 2013 1:41am
another question TAH. on EU.
The PA is stuck with the SR in H4. will u take long position based on that? even though the dragon is angel pretty down.
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Money Management and Patience is the Key
  • #43,879
  • Feb 8, 2013 1:54am Feb 8, 2013 1:54am
EU Comment:

A short setup. Whole number area sendoff.
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  • #43,880
  • Feb 8, 2013 2:00am Feb 8, 2013 2:00am
GU:

Possible short setting up w/three entry options. Depends on what LO does....
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