Sonic R. System

GU Comment:

I remain bullish on this one. There is no H&S formation for this to complete, as with EU. I am bullish on this one simply because it has had the crap beaten out of it!

On H4 it is very clear that since the strong drive down about eight days ago, the biggest volumes come in when the price hits the lows. So, this is an indication the MMs are bulls, but are working the price up and down to build their new long positions. Maybe even to finalize closing their shorts. Either way, the MMs need shorters. They need shorters to pass their shorts off to, and they need shorters so they can build their long positions.

And the market makers are not stupid enough to just willy nilly take the shorts from Big Money, and the short side of all the long orders being placed by Big Money! So, they are working the price up and down now, trying to sucker in unsuspecting traders on the short side. When the they run out of such suckers, and the Big Money long orders are still not completely filled (and maybe even their shorts are not completely closed), this will start moving very well to the upside.

-tah

AU Comment:

I'm bullish on this, too.

-tah

UCad Comment:

I'd be looking for an upwards "pullback" and a new Sonic R. short setup. MMs like to build short above the whole number, and here it is very obvious that is exactly what has been happening.

-tah

UChf Comment:

MMs couldn't manage to get the price above the next whole number up to build short. They did what they could do, and this was followed by a heavy selloff today. As with UCad, I'd be looking for the MMs to work the price back up, maybe above the upper half number at least, and then for a Sonic R. short setup.

-tah

EU Comment:

You will note that EU has made a typical 150+ pips bull swing. Per previous post on EU, the MMs might take this to the 1.3250 area, another 150 pips higher. However, first a pullback might occur. If you were an MM, would you not want to load up long at a lower price before ramming it up? Sure you would! The questions are will there even be a pullback and if so, down to what price.

MMs like to build long below the whole number, but that is very close to current PA, so better would be below the lower half number, if they can manage to manipulate the price down there. BTW, that would be about the FR 50% retrace level (see attached chart).

That this might happen is what I am waiting for, a retrace to below the lower half number put on by the MMs so they can load up longs for a 200+ pips run up to the 1.3250 area.

This is all very speculative and no guarantee I am even on the right track assuming EU might move to the 1.3250 level to form a right shoulder of a H&S formation for an huge move back down. But if the MMs do move the price according to what I have said, I plan to re-enter long. We will see.

-tah

Hi

What are those arrows? and where can I download the latest sonic system?
TIA

UCad: Entered long. Per previous post on this pair, I expect a small move up to set up for more downside. The TP might be stretching things, so it is tentative. On the other hand, MMs did bring it back below whole number and therefore they might have been building for a good run up. We will see.

UJ Comment:

Note the volume spikes in conjunction with the MMs taking the price above the whole number. MMs love to build short above whole numbers, so this could be an indication today will be a bear day for this pair.

-tah

UChf: Entered long. Per previous post on this one, I expect some upside before more downside. Upside might be lean, hopefully above half number. We will see.

I also see possible weakness in Jpy pairs.. but would like to see more bearish price action to unfold..

Tonight NFP gonna be fun..

Sonic

EU: Entered short. Expect some retrace before more upside, perhaps below half number. TP1 is tentative.

Post #1 would be the logical place to find the basics of what you need, don't you think? As for the arrows, it is a part of an indicator Sonic has on his charts that draws a line joining HLs, and which also marks other lesser HLs. Personally, I think if a person cannot see the HLs on their chart without an indicator pointing them out, either they need glasses (:nerd:blush:, or they aren't cut out for trading (), or both!

-tah

Tah,

I have noticed that for past few days you have been taking trades based on volumes. This means that you are mostly gunning for counter trades which are not sonic r setups but scouts.

Also, since in US you can only take one side of the trade you are stuck and have to add to positions when the trade goes against you. In hindsight, if you had just followed sonic r you would have probably been able to take sonic setups rather than having to take scouts because the trade hasn't gone in your favour.

Am not trying to criticise you. Just trying to understand which one you prefer. The volume based counter trades or the sonic r setups. Sorry if I am asking the wrong questions, I think you are a wonderful trader and just trying to understand the motivation behind the trades

Nonetheless your system is definitely working. I see you closing our good pips regularly.

AU Comment:

Dropping back down thru RWH, so this could be a good short for the last day of the week. Maybe will pullback to the Trend Line, a good EP.

Yes.
Absolutely!
Well, the motivation is to make money (Wait a minute, let me check and be sure of that.......).
You are welcomed to criticize me, but only after you learn to spell it right!

What you are witnessing is the closing of horrible trades, made by a horrible trader, but one that fortunately trades small enough relative to accounts sizes to be able to weather the storms. I vowed in the past to not persist in this manner, but bad habits die hard. I have had enough frustration over this, however, to start improving; at least to start improving how I extricate myself from them. I am coming to an intersection. One line is the reducing line of bad trades. The other line is the increasing line of habit corrections and improved understanding of how price moves relative to S&R. ".....if you had just followed sonic r....." Yes, absolutely!

-tah

AU Comment:

Well, there it was, the pullback. And with that kind of whipsaw pullback, you can be sure this has nice downside ahead. BTW, that was not just a pullback. That was more likely some market maker did a "no actual trades" run up and down of the price, making no actual trades other than to pick up shorts by hitting SLs on the shorts of others and by triggering into the market pending longs that were lower and taking the short side of them, and then restoring the price to where it was at the beginning. Whatever it was, it is a sign that those in the know, and with the power to manipulate prices, are strong bears right now.

-tah

Market Comment:

AU and GU are getting hit by the bears. EU is being somewhat protected. My, my. Isn't that simply surprising? Well, maybe they aren't really "protecting" it this time. Maybe the Market Manipulators are just propping it up while they short the hell out of it!

-tah

UJ: Entered short trade #4, a Scout.

UJ Comment:

Note that for each of the last two drives up that have been put on by the MMs, the volumes went up with the price. This is a sure sign of selling off in greater amounts as the price rises. These are Pump & Dump price manipulations. There were earlier ones, too. There is no telling at what point the MMs will top out their Distribution area, but with multiple USD high impact releases coming today, and as this is the end of the week, it is reasonable to suspect that the MMs have already been closing out their longs. They might even start going short before the releases, and then drive the price back down later. RDL is within the FR 50% retrace range.

There is speculation here, to be sure, but rising volumes with rising prices more often than not spells a topping of the price. And the MMs have already done this adnauseum this week.

-tah

Market Comment:

Sonicers, the BOJ released report essentially says about the economy of Japan that the bottom is in and though it might be a slow journey, blue skies are ahead. It also states "overseas economies" are still declining, which means the YEN has bottomed against them and will be rising.

Now, we know the YEN pairs have had a monstrous rocket ride. The MMs could have lots of longs to close and might be aspiring to replace them with lots of shorts. In all likelyhood, the recent move down of all YEN pairs was probably the first selloff by the MMs who are always enough "in-the-know" to have had some foreknowledge of what the report would say. The following move of the prices back up has simply been the Pump & Dump strategy to sucker in longs once again as the MMs hand off more of their own longs to them and start going short! And, as you can see on your charts, the MMs timed the "Pump" part of their Pump & Dumps to be achieving high prices again before the actual BOJ release! The "Dumps" can come at any time.

So far the MMs have kept the prices from falling very much, while covertly switching from longs to shorts. This has been in order to keep their profits from falling. But once they have repositioned themselves, watch out! The "Dumps" can come at any time.

Markets are extremely manipulated, so predicting is folly. However, I'd be real cautious about any longs on the YEN pairs and I certainly would not be considering any requiring a "long" stay. The "Dumps" can come at any time.

-tah