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Sonic R. System

  • #44,921
  • Mar 17, 2013 3:03pm Mar 17, 2013 3:03pm
Be Careful:

This link shows all the Forex Brokers with headquarters and deposits in Cyprus Banks.
http://www.investing.com/directory/forex-brokers/cyprus

Can they operate on Monday the accounts of their customers, if all deposits have been blocked until Wednesday because the banks will be closed till that day?

What will be the market reaction regarding Euro in that situation?
  • #44,922
  • Mar 17, 2013 3:39pm Mar 17, 2013 3:39pm
Quoting abyarforx
USDCAD
maybe it will happen !!!!!???
UCad:

Looks like a break up thru TL and pullback to "retest". And looks like Dragon about to cross up thru Trend Line.
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  • #44,923
  • Mar 17, 2013 5:16pm Mar 17, 2013 5:16pm
Quoting traderathome
EU: Entered short. This is a SonicR re-entry trade based on much that has just been discussed (H&S on Daily), as well as the fact that the MMs of the late US session have maniulated the price back up to a local SR level on declining volume, which means they want a high price but they want to "invest" little to get it there, which means they are shorting. If the MMs are loading up with shorts then the price might be manipulated even higher as time goes on by the next Asian session MMs, and then the next FO MMs, etc. For me, the bottom line is if...
Quoting traderathome
EU: Added short trade #2, a Scout. Still awaiting the EU break low. My interpretation of PV actions are that the MMs are bears in bulls clothing right now. This move up is nothing more than a really nice pullback in a down trend (view larger TF charts). There is no climatic volume to signal the possible end of this rise in price, but there has been substantial and consistent volume during this rise, which could mean all the MMs are simply taking their time loading up shorts while keeping upwards movement of the price. If I am correnct, this is a...
EU: Closed all three trades for 90x3= 270 pips gain, average EPx3 to close TP1.
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  • #44,924
  • Mar 17, 2013 5:49pm Mar 17, 2013 5:49pm
Quoting traderathome
EG: Entered short on PA wave w/o Dragon. Earlier, MMs pushed price down thru whole number area, which previously was support. You can see that off to the left on the chart. Now, the price is being pushed back up to get additional short orders filled by triggering pending long orders and by hitting tight stops on shorts (my assessment). Price might go higher, but overall price action looks bearish. The key is if the price returns to below the whole number, or finds support again here above it. Time will tell.
Quoting traderathome
EG: Added short trade #2, Scout. This is based on the price/volume picture, which is obvious. The price did return to below the whole number and the whole number acted as resistance when price next came back up to it. All that was fine and bearish, until the London MMs drove the price up above the whole number again to the 1/4 SR area, and then started heavily trading it. This can only mean that the MMs are building shorts. It doesn't mean that the price cannot be driven higher, though. The mental SL is raised, but the orginal TP1 remains the target...
Quoting traderathome
EG: Added short trade #3, Scout. GBP is getting hammered across the board. It should bounce, and when it does this pair should go back down.
Quoting traderathome
EG: Added short trade #4, Scout.
EG: Closed all four trades for 120x4= 480 pips gain, average EPx4 to close TP1.
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  • #44,925
  • Mar 17, 2013 7:35pm Mar 17, 2013 7:35pm
Quoting AdSCFT
i really don't understand. I had two trades, one EURJPY short and one USDJPY long, in the same size. At market opening, they closed both of trades because of margin call, but they closed my lossing USDJPY with the true opening price of 94.34, but the EURJPY with the friday close price of 124.60. The point is that if they considered the opening price of 121.74, my accont would not be blown up. Is it normal????
Quoting Robot
I believe your broker is a bucket shop. what broker are you using? and why would you have eurjpy short and usdjpy long? they go in the same direction most of the times.
Quoting AdSCFT
one was a long-term trade and the other a stupid scalp. anyway i felt that they are in kind of hedge and safe. the broker was liteforex,
Quoting 5percent
RUSSIANS.
Quoting Myo
Already busy getting that levy-money back lol
Quoting math_GB
It is normal since:
- You have a shite broker and didn't miss the opportunity to fook clients who had positions over the weekend.
- The spread that your broker aplied you is around 300 pips in this case, if you can get a bloomberg terminal try to get a print-out of EJ price for the past 4 hours and send it to them immediately and ask for an explanation how they could apply such a spread on your position. Most likely they will come back with a stupid response and you may not get anything.

Unfortunately such things do happen and it is a way of...
Quoting Ken A
That depends on where you set your SL and TP. SL executed as per opening price. TP executed as per set TP instead of opening price.
Quoting SnaveForex
it opened below your sl so the will close it at that available market price which is below 2950
Bastard Bucket Shop Brokers

Sonicers, if you sometimes feel you have problems then feel for this trader too. These are some excepts from another thread. You can link to the thread and read other tidbits that I did not include. The major points here are what can happen when price gaps against you and for you. If your SL is in the gap that goes against you then forget it, because the broker will SL you out at the even further market open price in order to steal more of your money. But oh yes, when you have a TP in a gap that is for you, then the broker will honor your TP so that the broker pays you less profits! These points are worth knowing and remembering, which is why I posted this.

-tah
  • #44,926
  • Mar 17, 2013 7:49pm Mar 17, 2013 7:49pm
GU Comment

Early indication MMs remain bulls. Firstly, there was no gap down as there has been on other xU pairs. Secondly, the MMs had to work the price down, but once they did they increased trading at the established new lows. This is easily confirmed by studying price/volume on M1.

As Master Sonicdeejay would surely say, "....too late to short, too early to long...", but this might culminate in a SonicR long setup come LS time. Worth keeping an eye on.

-tah
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  • #44,927
  • Mar 17, 2013 8:26pm Mar 17, 2013 8:26pm
EG: Entered short, an M1 entry and based on the mass hysteria around the euro. Price as pulled up some since the gap down. Might go higher. If so, might add Scout higher. GBP certainly has got to be favored over EUR now, and should be once the dust settles too, since it was favored even before the bomb went off. No SL and no TP are set at this time.
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  • #44,928
  • Mar 17, 2013 8:37pm Mar 17, 2013 8:37pm
Quoting traderathome
Bastard Bucket Shop Brokers

Sonicers, if you sometimes feel you have problems then feel for this trader too. These are some excepts from another thread. You can link to the thread and read other tidbits that I did not include. The major points here are what can happen when price gaps against you and for you. .....
-tah
Does this happened to all broker? I wonder if FXDD that you are using do the same rule too. What would you do in case like this.
  • #44,929
  • Edited 11:30pm Mar 17, 2013 11:14pm | Edited 11:30pm
Quoting koi99
Does this happened to all broker? I wonder if FXDD that you are using do the same rule too. What would you do in case like this.
I can think of three things, but they are not perfect solutions.

1. Don't be in a trade over weekends. But then you could miss a good gap in your favor.
2. Don't set hard TPs. But then you could miss a good TP while doing something other than trading.
3. Don't set hard SLs. But then you could miss a lower loss exit via SL while doing something other than trading.

Unfortunately, such is the perils of trading. There is no way around the fact you can do nothing to advantage yourself, and anything you try has it's own disadvantages. It is the nature of the beast.

Personally, I prefer "hands on" trading, managing exits (TPs and SLs) myself, and not preset with brokers. As for adverse gaps, in most cases it is just a matter of time before a gap is filled. Certainly sometimes the time until that happens is great, but that is not the most frequent way. Remember, MMs get caught too; big money. They will be sure, if at all possible, to get the price back to where they can close without loss. It is more a matter of time than of ability. They will even establish themselves so as to make money in the process of it.

-tah
  • #44,930
  • Mar 17, 2013 11:48pm Mar 17, 2013 11:48pm
Quoting traderathome
EG: Entered short, an M1 entry and based on the mass hysteria around the euro. Price as pulled up some since the gap down. Might go higher. If so, might add Scout higher. GBP certainly has got to be favored over EUR now, and should be once the dust settles too, since it was favored even before the bomb went off. No SL and no TP are set at this time.
EG: Closed trade for 12 pips gain, EP1 to TP1. This is not moving well and could start up again if MMs decide it to be so for additional shorting. This last dip took on a noticeable increase in activity, so the MMs might be getting ready to boost it by first taking on longs down there.
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  • #44,931
  • Mar 17, 2013 11:56pm Mar 17, 2013 11:56pm
Quoting traderathome
GU Comment

Early indication MMs remain bulls. Firstly, there was no gap down as there has been on other xU pairs. Secondly, the MMs had to work the price down, but once they did they increased trading at the established new lows. This is easily confirmed by studying price/volume on M1.

As Master Sonicdeejay would surely say, "....too late to short, too early to long...", but this might culminate in a SonicR long setup come LS time. Worth keeping an eye on.

-tah
Hi TAH. In the chart shows the new two colors EMA34. Green is up and red is down depending on the angle the EMA 34, is that right? Will be included in the new release? Thx.
If you think you can do a thing or think you can't do a thing, you're right
  • #44,932
  • Edited 12:19am Mar 18, 2013 12:01am | Edited 12:19am
EU: Entered long, an M1 Scout based on several items. This set of lows is the third set of lows after the gap down, and each set has higher lows. Also, at the very lows there is relative high activity, which means the MMs are bulls and building long positiions. At this time no SL and no TP are set.

Edit: Added long#2, Scout, (pic.2). Even greater activity at the lower prices. Of course, this could go on, lower prices begetting higher activity as the MMs attempt to wipe out those others that have gone long since the gap down.
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  • #44,933
  • Edited 1:56am Mar 18, 2013 12:10am | Edited 1:56am
UCad Comment

Bullish.

Edit: MMs took it down again, and this time there was a lot more trading at the lows = very bullish (2nd pic)
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  • #44,934
  • Mar 18, 2013 1:58am Mar 18, 2013 1:58am
hi traderathome.. you are doing very very good job! .. I use sonic too but one thing that I don't understand is how you calculate these entry points (EP) ? these points are so perfect that I'm confused
Whatever is obvious is obviously wrong!"
  • #44,935
  • Mar 18, 2013 2:52am Mar 18, 2013 2:52am
Quoting traderathome
EU: Entered long, an M1 Scout based on several items. This set of lows is the third set of lows after the gap down, and each set has higher lows. Also, at the very lows there is relative high activity, which means the MMs are bulls and building long positiions. At this time no SL and no TP are set.

Edit: Added long#2, Scout, (pic.2). Even greater activity at the lower prices. Of course, this could go on, lower prices begetting higher activity as the MMs attempt to wipe out those others that have gone long since the gap down.
EU: Closed both trades for 25x2= 50 pips gain, average EPx2 to close TP1.
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  • #44,936
  • Mar 18, 2013 2:55am Mar 18, 2013 2:55am
EG: Entered short, Scout, as price exceeded previous highs on basis the MMs are bullish GBP, not EUR.
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  • #44,937
  • Mar 18, 2013 3:01am Mar 18, 2013 3:01am
SLV fly..

sonic
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  • #44,938
  • Mar 18, 2013 3:09am Mar 18, 2013 3:09am
Quoting sonicdeejay
SLV fly...sonic
Wadda ya mean "SLV fly...", its still below 29.00, only around 28.90, and it has been in this area for a few days now. That ain't flying! More like "...can't get off the runway!"
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  • #44,939
  • Mar 18, 2013 3:18am Mar 18, 2013 3:18am
EU: Entered short, a Scout, for couple of reasons. Euro is likely to be in disfavor for a few days, and the MMs just worked the price back up to a good S&R level for shorting. No SL and no TP at this time.
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  • #44,940
  • Mar 18, 2013 3:19am Mar 18, 2013 3:19am
My entry on NzdUsd.

1. Wave, dragon up, break of downtrend channel on H4
2. after Lo
3. L-H-HL
4. SL/TP as on chart.

Comments are welcome.
Thanks, Art.



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