Sonic R. System

Many posts from you in the last 12 hours.

This is the best post with the best chart.

Following such S&R is useful for entering BOTH SonicR classic trades and your own Scout trades, it also uses the L-LL-HL(where HL is near similar location or higher than the L) idea.

Just wait for a re-test of that S&R.

This will increase the probabilities of when it is better to enter those Scout trades you called.

GU Comment:

The PA wave shown in the attached chart is substantial, very bullilsh. What does the PA highlighted in yellow mean? Well, note that there are the two USD high impact releases coming. Also, consider what the MMs, greedy bastards that they are, are going to do if the US Sequester hits on Friday. Not that the "Sequester" (Fiscal Cliff [fiscal curb], delayed 1.5 months) really amounts to anything, but the MMs, greedy bastards that they are, are sure to "use" the event to play their favorite strategy,........."Ping Pong Pricing for Profits!"

So, what does the PA in yellow signifiy? It means everyone is Gung Ho going long, and they don't want to let the price up too fast because that would reduce the profits that are coming. And they no longer can get the price down because the greedy bastards have all loaded up the cheque with long orders that is following the price move upwards!

Speculative,
-tah

Hope it is OK I re-used your chart.

Attached is modified chart of GU M15, showing Price Action reading with S&R and SonicR.

Can you SonicR traders see better now where are the possible entries and exits near the ellipses?

AU Comment (Serious):

All fun aside, note that the greedy MMs have now twice whipsawed the price down over 35 pips for this pair that has a day range of only 75 pips! This is nothing short of remarkable! The meaning should be obvious.

We know what such a move entails. It means that some MM (or MMs) decide to invest the money necessary to match the imbalance in buy/sell orders at all levels from where they start the move to where they finish the move. The goal is simple, to match the imbalance of any pending short orders with their own long orders, and to use the liquidity of any pending long stop loss orders hit to get more long orders filled (but filled at the bottom!). And to do this, they are willing to invest to also take the short side of any pending long orders. The idea is they can see the cheque and know just how far they have to go to net out on the long side to the degree they want to. And note that both times they took the price to below the lower whole number, which is typically where MMs like to accumulate, and that is probably because that is typically where they find others have the most pending short orders!

Some Asian session MM (or MMs) have pulled this shit twice now, and in the Asian session,....early in the Asian session! They did this before any of the Big Boy MMs of the FO/LO/US Open could get their greedy paws on the cheque and do it!

It is no small matter and you can take it to the bank that they didn't do it for a measly additional 50+ pips upside move!

-tah

AUDNZD:

The attached chart of this other Aussie pair clearly shows hyper activity also. The Aussie activity we are seeing might have something to do with the Chinese YEN Manufacturing PMI high impact release Friday.

Here, the area below the half number natural S&R level is being sought after, which means the MMs involved are seeking longs. This could turn out to be a nice Sonic R. long setup, but if the CNY YEN release is to be the catalyst, a setup is a ways down the road. Still, the "market" does, from time to time, make moves in advance.

So, on the basis that the MMs are building for an Aussie move that could be extraordinary, this one might be worth keeping an eye on also.

-tah

Aussie Market Comment:

Across the board, Aussie pairs have been getting extreme activity early in this Asian session, in most cases involving whipsawing. The MMs are, without a doubt, seeking to build long the Aussie, and have been manipulating prices accordingly more than once so far today. This is not related to USD because it is happening on multiple Aussie pairs (AUDUSD, AUDCAD, AUDCHF, AUDNZD, etc.). It might be related to the CNY YEN Manufacturing PMI high impact release due Friday. What makes this all so noteable is the severity of the price manipulations that have already occurred. The MMs are working very hard very early today, and they are not working with the expectancy of a handfull of peanuts!

-tah

GU Comment:

One look at a Daily chart of GU and you just know it is ripe for reversal. In the real world of forex, where the Market Manipulators must first Accumulate their long positions, we must be careful to not "jump the gun."

Consider current PA for example. Since the Asian session got underway price has just been inching upwards, lots of time going by with the price definately bullish, but not so much so as to discourage would-be longs from jumping in. PA is saying "I'm going higher, and it is not too late to join up!"

Exactly! The MMs are suckering in longs early. Why? The MMs want as many as possible to jump in long. Why? The more longs they catch, the more pending long stop losses there will be to hit later! Bingo! What a way to increase the size of the market, and then convert it to liquidity for the MMs to use to get their own long orders filled!

So, beware that the MMs might put on a nice whipsaw show later today, in conjunction with the USD releases maybe. Remember, "Accumulation" phases often end with one final whip, and it sometimes is the deepest whip! There have already been three trips to the lows so far. Maybe the last one was the last one. Maybe not.

-tah

A UCad Trade Opportunity:

A Head & Shoulders formation is in the process of completing. It has a target below the lower whole number. RDL and RWL are lower, so this target is highly likely. The FO/LO and even the US Open MMs might run pricing upwards temporarily with liquidity creation moves to gather in more shorts for themselves. Such a time could offer a better short entry than the current price. Entering on any such pullup falls into the catagory of a Sonic R. re-entry, and is valid so long as the Dragon retains down angle. The MMs often target the price area around the Trend when putting on such liquidity creation moves. That can temporarily put PA on the wrong side of the Dragon, but if it is an upwards move that goes to "test" previous resistance, an entry then can still be valid as a Scout entry. It is best if the Dragon retains down angle, plain and simple, whether an entry is a re-entry (PA on correct side of Dragon) or a Scout (PA not on correct side of Dragon).

-tah

Sonicers,

I hope some of these posts over the past twelve hours help, and good trading to you today and tomorrow.

-tah

Sorry Tah, I did not agreed with GU.
Today I only saw Ranging- UP-Ranging-UP, today lower is Pivot.
( But I can wrong too)

Wrong, too?

Today or yesterday or whatever, it is just a single day in a series of days of Accumulation. As for the Pivot, you might just as well hang your hat on a nail sticking up out of a mud hole, for all the significance it has. It is only the mid point of the previous day of trading, for crying out loud! What significance is that! The whole range yesteday was lower than the previous day, so of course the pivot dropped! Big friggin' deal! But, if you want to make a case out of it, then the fact that the pivot dropped simply points out that the MMs were into loading up longs in a lower price range yesteday than the day before! Doesn't that make sense to you? It should.

The Sonic R. System is about Price Action and Support & Resistance. It is about PA waves and good Dragon angle, and both strategically located relative to S&R. And we use historic S&R to determine where to place our exits. Such stuff as pivots is only a crutch for some to use to help them decide which historic S&R levels might be the best choices for TPs. Where in the world did you find such a horrible idea as to hang your hat on whether the central pivot is higher or lower than for the previous day. Very successful traders never even look at pivots! They are only a lazy man's crutch, and only based on the previous day of prices, which may have significance just the opposite of what folks assume when they see the pivot today lower than it was yesterday! They think it means the market is bearish when in fact the market might be extremely bullish, having just finished a day of driving prices low and then going on a buying spree!

In reality, what you are doing is relying on your lagging stochastics indicator, just another lagging indicator that keeps you from focusing on price action and how the market moves price relative to S&R. No such indicator can even begin to reveal the significance of certain price action which is authored by the minds of men. Instead, such indicators just process all data according to completely unbias preset calculations, and thereby completely miss the boat! Such indicators are criminally inadequate and deceiving because they do not discriminate between bullish PA put on by bullish MMs and bullish PA put on by bearish MMs, and conversely, bearish PA put on by bearish MMs and bearish PA put on by bullish MMs! This is the real world of trading, and the use of such inadequate and therefore misleading indicators might be considered the height of folly!

-tah

GU Entered Long with 1/2 position will add to position if pushed down to test support areas on 4hr chart. Once daily support is confirmed will consider adding to position if LO does not push down further. TP to be determined on further price action at possible take profit areas.

EU Comment:

Here is a trio of studies, the Fibonacci Retracement, the Fibonacci Expansion and a simple TL. Guess what? All have precise confluence at 1.3200!

Meaningful? Who knows! But though EU has been hammered down, it has not been hammered nearly so much as GU (compare Daily charts!). So, here is a hypothesis. If the market pretends not to like the USD releases (or the meaningless Sequester hits on Friday), EU and GU head north. But EU is tanked up with defective fuel, and has bad spark plugs to boot. GU is all tanked up on fresh premium, and running on new plugs!

For a short while, they will both move in the same direction......

-tah

You can learn a thing or two from her..

Sonic

Last Monday (25/2/13) is the result of the big ranging of the rest of early Feb, as seen in white box.
So, the downtrend is "more possible" to last and severe..

Btw, what is downtrend? it is the highs and lows get lower and the lower.. BUT, do not try to jump to the Short Wagon with you gun blazing with tight SL.Nothing really and rarely go straight line.. You brokers will be smiling in glee by looking at your stop.. There will rebound so and so forth...

Put a reasonable stop and ride it along the trend while Patience in waiting for the proper setup to form..




I will be busy this evening as my princess's birthday is coming up...


R U Mine...?


Sonic

The key is patience and experience.
made 6000+ and trade is still moving
thought i would share
more @ http://simoneforex.blogspot.com/


Double Top(m theory)The Double Top occurs when the forex tests a resistance level twice and is unable to break it, and eventually breaks downwards and a bearish move begins. We usually trade this pattern when price breaks the neckline and we join the trend at the pullback to the broken neckline. This chart pattern usually has 73% win rate which is very good and can provide consistent profits.
61 M.A weakly touch-back confirmation
The most accurate and predictive way to use the SMA is in the bounce method: we wait for trend to establish, but instead of randomly entering, we wait for price to retrace to the moving average and bounce off it. Once a reversal signal is given we enter a trade in the direction of the trend with stop loss right below the moving average, thus entering at a tactical point with small stop loss and huge reward.

ELLIOT WAVE THIORY

EE3.6 Fibonacci retracement and support and resistance confirmation

The first method is for trending periods, and it include waiting for price to retrace to the moving average (confirm that the moving average is sloped and not flat) and bounces off it. Once the bounce is confirmed and price proceeds to continue the previous trend - we join the trend at a tactical point and profit. This is a very powerful trading method that can get you in trends with little risk and very high reward, and it is very accurate. It doesn't require any other Forex trading system besides the MA.

Triangle break.
The triangle is one of the most neat chart patterns, as it is very easy to identify and also has a remarkable win rate of 76%. It consists of a triangle that has one trend line and one horizontal level that price eventually breaks through. As with the Double Top, we enter such trades after price pulls back to the broken horizontal level, with tight stop loss and only if risk:reward is at least 1.5:1.

more @ http://simoneforex.blogspot.com/

EJ true face will show in 12 mins time..

Sonic

If you don't like the heat, stay out the kitchen....

E/U Just plummeting, I'm lovin this trend. I want to trade it live so bad, but I know I need to keep diciplined and practice! Greed is such a bitch, I gotta overcome my impulse and stay diciplined!

AN: Entered long. Basis is Aussie is strengthening, but today the MMs held it back for more buying.