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Sonic R. System

  • #44,961
  • Mar 18, 2013 9:06am Mar 18, 2013 9:06am
I'm on these trades.
BUY AU EP 1.0382 SL 1.0340 TP 1.04900
SELL EJ EP 122.90 SL 124.50 TP 120.10
SELL EU EP 1.2936 SL 1.3020 TP 1.2715
BUY GU EP 1.5130 SL 1.5045 TP 1.5270
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I know the secret...
  • #44,962
  • Mar 18, 2013 9:12am Mar 18, 2013 9:12am
Quoting traderathome
EU: Added short trade #3, again a Scout. Not sure how high the MMs plan on driving this. Maybe to the FR 50%. FR 62%. Who knows, but I might add one more time if they get this high enough because I still believe these are bear MMs just putting on bullish drives to load up with more shorts for the H&S breakout. Well, that is technical stuff. Practically speaking the euro is definately in the toilet now, whilst there is nothing but blue skies ahead for USD.

http://www.forexfactory.com/attachme...1&d=1363597443...

Trend is on ur side..

But pls be more choosy on your scouts.. U may have better chance later on as the price might go higher to close gap...

Pls remember Scouts are our soldier.. Don't put him in grave situation..

http://collider.com/wp-content/image...series__1_.jpg

Sonic
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  • #44,963
  • Mar 18, 2013 10:04am Mar 18, 2013 10:04am
Quoting sonicdeejay
WOW..

Islander... LTNS...

I am rather feel honored to see you here..

http://www.youtube.com/watch?v=KlmSqyMT0FQ



Sonic
Agreed, its been some time since I posted here, as I'm principally an intra-day trader, mainly focused on the first few hours of the European Session in €, Cable and their Yen crosses.

Right now, this whole Cyprus mess is IMO making it difficult to do anything other than take quick "hit and run" trades in both € & cable as any rumor of a deal or nodeal will move price 100 pips in a flash.
Trading Levels with WRBs
  • #44,964
  • Mar 18, 2013 11:26am Mar 18, 2013 11:26am
UsdCad - Short

1. Wave,
2. slight DNtrend bias
3. Dragon DN
4. after Lo (right before Lc... too late?)

Art.

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  • #44,965
  • Mar 18, 2013 12:30pm Mar 18, 2013 12:30pm
Sell EURAUD
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OwnFx
  • #44,966
  • Mar 18, 2013 12:38pm Mar 18, 2013 12:38pm
UCad:

I don't see this as a short, except maybe for a very quick and small scalp, because the USD is strengthening and bigger volumes are at lower prices. My interpretation of the price swings is that the MMs simply are prolonging the time in low ranging so they can build bigger long positions. In a word, the MMs have this in the ACCUMULATION phase. In the attached it is clear that they pulled the price back down to previous SR (center of previous "swinging while building" consolidation), and that once again the volumes increased. Remember, this was just the first day of the week, and the MMs rarely, if ever, make their bigger plays on the first day of the week! What they usually do on the first day of the week is to continue to prepare for one of their bigger upcoming plays.

Conclusion? The MMs are bullish.
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  • #44,967
  • Mar 18, 2013 12:46pm Mar 18, 2013 12:46pm
Quoting sonicdeejay
Trend is on ur side..

But pls be more choosy on your scouts.. U may have better chance later on as the price might go higher to close gap...

Pls remember Scouts are our soldier.. Don't put him in grave situation..

http://collider.com/wp-content/image...series__1_.jpg

Sonic
Point taken, Master. I slept thru the opportunity to send out my fourth Scout at the FR 50%. Bad trading on my part to not have expected that most popular psycological level to be pegged by the MMs as the object of their price drive up while building shorts. Still, my other Scouts are dug in and waiting for the enemy to now advance past them, so the Scouts can follow "behind the lines" and do lots of damage!

-tah
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  • #44,968
  • Mar 18, 2013 1:04pm Mar 18, 2013 1:04pm
GU Comment:

Sonicers, to me it appears the MMs have purposely kept the price of this one from going anywhere upwards, and probably in consideration of the multiple GBP high impact releases coming tomorrow. That might be the time the MMs plan for a breakout. Today, the higher volumes continue to be associated with lows and price moves up off the lows. This suggests the MMs continue to be bulls. I would not, however, be surprised to see these bull MMs put on another sudden move down in conjunction with the releasses. If it happens, it likely won't have anything to do with the content of the releases, but instead will simply be a pre-planned move to wipe out previous longs before the MMs reverse the price and start a true drive upwards.

In other words, this looks to be under ACCUMULATION, and a final move before the MMs might break the price upwards, starting the MARK UP, could be a final run down to wipe out lots of other folks who have already established long positions in anticipation of an eventual move higher.

BTW, even as I write this, the MMs are torpedoing the price now in the "off hours" of the market when it is easiest for them to manipulate the price to where they want it. Obviously, they want it low or it would not have been torpedoed. And if the MMs want the price low, it is confirmation they are bulls in bear clothing. You can check your own M1 chart to confirm the highest trading levels came in after the torpedo!

-tah
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  • #44,969
  • Mar 18, 2013 1:14pm Mar 18, 2013 1:14pm
AU Comment:

With spikes in volume at the lows today, the MMs show they continue to be bulls adding to long positions. While the gap is closed, do not be surprised to see the price fad back down to somewhere in the SR area represented by previous consolidation (position building). There is an AUD high impact release coming in the early part of the next Asian session, and this might be a time the MMs engage in another MARK UP of the price. Beforehand, the MMs might engage in lowering the price to add more longs. Just a thought.

-tah
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  • #44,970
  • Mar 18, 2013 1:26pm Mar 18, 2013 1:26pm
EG Comment:

The M30 now shows a Bear Flag in a down trend. It is logical the price has been "worked" higher by the MMs considering they are bulls on GU. If and when GU breaks upwards again, what with EU in the slumps, EG is going down more. Right now the MMs are working prices higher because it advantages their short building operations.

Personally, I plan to add a Scout to my existing EG short trade, if the MMs manage a price sandwiched between the FR 50% and 62% retrace levels. Note the whole number is there! Of course, the safest way to play this is to await a Sonic R. short setup, which I am confident we will see.

-tah
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  • #44,971
  • Edited 1:52pm Mar 18, 2013 1:34pm | Edited 1:52pm
UJ Comment:

If you sense the MMs are bears on this, take a look at how the FE 262% level aligns well with the center of a past consolidation SR area. Also note that is an area in which RWL is located. Finally, note that this H4 chart suggests on it's own that a larger scale Sonic R. short setup might be on the MMs "To do" checklist.

-tah
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  • #44,972
  • Edited 2:56pm Mar 18, 2013 2:32pm | Edited 2:56pm
UCad Commet:

A late day break? Stranger things have happened, and these are real strange times. Dragon is too flat, so this might just be one of those false starts, but still, with the volume associated with this upthrust, PA continues to say the MMs are bullilsh. Note the Bull Flag on H4.

-tah
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  • #44,973
  • Edited 3:25pm Mar 18, 2013 3:11pm | Edited 3:25pm
MMs Shenanegans on EU

Gotta luv these MMs when they present such clear signals with their price manipulations! Here we see on M1 some MM hiking the price and once getting it up, trading at high volume,.....a clear sign the MM is very bearish on EU. The higher the MM gets the price the heavier the MM trades it, building a short position!

How do we use such information? Such price manipulations like this should not be traded because this could just be one of a series of price hikes during which MMs build their short positions. Instead of trying to trade on this, take this signal and stalk M15 for a nice Sonic R. short setup, Sonicers.

BTW, don't forget the H&S formation on the Daily!

-tah
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  • #44,974
  • Mar 18, 2013 3:42pm Mar 18, 2013 3:42pm
AU Comment

Sonicers, speaking of H&S formations, this AU inverted H&S formation is in-play with still good profits to be had from it. I suspect this week will be a range breaking week. With this being in-play, the thing to do is to stalk for the next Sonic R. long re-entry or new setup, if you are not already in the long setup from today.

-tah
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  • #44,975
  • Edited 4:24pm Mar 18, 2013 3:49pm | Edited 4:24pm
Quoting traderathome
MMs Shenanegans on EU

Gotta luv these MMs when they present such clear signals with their price manipulations! Here we see on M1 some MM hiking the price and once getting it up, trading at high volume,.....a clear sign the MM is very bearish on EU. The higher the MM gets the price the heavier the MM trades it, building a short position!

How do we use such information? Such price manipulations like this should not be traded because this could just be one of a series of price hikes during which MMs build their short positions. Instead...
MMs Shenanegans on EU (Follow-up)

Here is an update on this example of MM price manipulation, in this case the price being manipulated higher so an MM could get better priced shorts. That is, unless you believe MMs "buy high and sell low"!

I repeat again, the proper way to use such information is do not trade it directly, but instead stalk for a good Sonic R. short setup. If you study your M15 chart carefully you should note that this price manipulation by some MM took the price back above the half number. And you should also remember by now that above the half and whole numbers are where MMs prefer to build short positions. A coincidence? Unlikely.

Oh, and I have to say this. I'd rather trade with a simple chart and clues like this than with a chart that is cluttered with a shitload of garbage indicators! I'd rather trade the elegantly simple and effective Sonic R. System than anything else,.....price action waves, Dragon, Trend, an understanding of S&R, and a bit of volume!

-tah
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  • #44,976
  • Mar 18, 2013 4:13pm Mar 18, 2013 4:13pm
EU H&S formations
Quoting traderathome
MMs Shenanegans on EU (Follow-up)

Here is an update on this example of MM price manipulation, in this case the price being manipulated higher so an MM could get better priced shorts. That is, unless you believe MMs "buy high and sell low"!

I repeat again, the proper way to use such information is do not trade it directly, but instead stalk for a good Sonic R. short setup. If you study your M15 chart carefully you should note that this price manipulation by some MM took the price back above the half number. And you should...
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  • #44,977
  • Mar 18, 2013 4:31pm Mar 18, 2013 4:31pm
Quoting abyarforx
EU H&S formations
I understand only inverted H&S formations that are valid after PA has had a drop! The thing to be carefully watching now, on M15, is the ongoing PA wave patterns. Where to from here? What will happen up to the next LS, and afterwards? M15 PA ongoing up to the next LS can totally destroy any current M15 "patterns".

-tah
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  • #44,978
  • Mar 18, 2013 4:34pm Mar 18, 2013 4:34pm
ok tanks
Quoting traderathome
I understand only inverted H&S formations that are valid after PA has had a drop!

-tah
  • #44,979
  • Mar 18, 2013 4:47pm Mar 18, 2013 4:47pm
Quoting traderathome
UJ Comment:

If you sense the MMs are bears on this, take a look at how the FE 262% level aligns well with the center of a past consolidation SR area. Also note that is an area in which RWL is located. Finally, note that this H4 chart suggests on it's own that a larger scale Sonic R. short setup might be on the MMs "To do" checklist.

-tah
UJ, Another Comment

Note the Bear Flag in the down trend. Note that the Dragon has crossed down thru the Trend Line. Also note the higher volume after the close of the London session when the MMs spiked the price back upwards, creating the high of the day! This is a sign the MM bears manipulated the price up and went after adding more shorts. On H1, you should realize by now that after the Dragon crosses down thru the Trend Line, if there is a spike in price back up to/thru the Dragon, it can be a very strong bear signal (MMs manipulating price back up to load up with shorts). But it does need confirmation via follow-on bearish PA.

This is a situation in which to look for an M15 Sonic R. short setup.

-tah
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  • #44,980
  • Mar 18, 2013 5:57pm Mar 18, 2013 5:57pm
Quoting traderathome
UCad Commet:

A late day break? Stranger things have happened, and these are real strange times. Dragon is too flat, so this might just be one of those false starts, but still, with the volume associated with this upthrust, PA continues to say the MMs are bullilsh. Note the Bull Flag on H4.

-tah
UCad Comment:

This persists in looking very bullish, developing now that "curve up" look of both PA and the Dragon on M15. This looks like it is ripe for a Sonic R. long setup/breakout........yes, before the LS. It is a risk, but we trade what we see and this is very good looking, especially with that nice volume late yesterday while PA was being run up and down off the late day lows.

-tah
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