Sonic R. System

UJ Short Trade:

Entered short, an M15 Classic short trade re-entry based on sudden M1 high volume after MMs got price above whole number. Remember, MMs like to close longs/open shorts above whole numbers. This could be just one of more moves up, followed by more high volume. If the MMs move price up sufficiently (maybe above 98.40) I might add another short, a Scout short. No SL, no TP at this time.

German 'Wise Men' push for wealth seizure to fund EMU bail-outs

Here it comes Sonicers, just what I have been saying here on this thread.....

"Two top advisers to German Chancellor Angela Merkel have called for a tax on private wealth and property in eurozone debtor states to force the rich to fund rescue costs, marking a radical new departure for EMU crisis strategy. Professors Lars Feld and Peter Bofinger said states in trouble must pay more for their own salvation, said arguing that there is enough wealth in homes and private assets across the Mediterranean to cover bail-out costs. “The rich must give up part of their wealth over the next ten years,” said Prof Bofinger."

.....and this needs to be done throughout the eurozone, and in England, and the US and Japan, and other places too. The super-rich will squeal like stuck pigs and fight it tooth and nail, but there it is. This is the truth of the matter, no matter if they like it or not. The super-rich and their banks have caused this mess, not to mention the disparity between them and the rest of the world has increased horrenduously in recent years, and all due to their control and manipulations of politicians and laws. Well, either the time is coming for them to finally pay the piper, or we face currency devaluations,....or wars! Or both!

It makes me happy that finally some folks are speaking up about the only real solution, and no longer being coward into silence by the super-rich powers at large.

-tah

UJ Short Trade:

Added short trade #2, a Scout and based on M1 increased volume after the London Open, when the MMs again mounted a drive up, this time to the quarter number area. It seems to be failing there, but it could just be a pause to be followed by even higher prices. I am still looking to see if the MMs get it near to, or above the half number, where I might add again. No SL, no TP at this time.

UJ
entered long 98.20

GU SonicR possible long setup spotted:

EUR/USD SHORT



Comments: My dragons tell me that eur usd is going down.....
Waves : Yes

My entry itself is at the dragons meet points.
Target Profit - 50 Pips at least, but prefer set stop loss in profit..

Stop Loss : 1.3130 ( above high )

GM - looking at the increased activity around each low and the lack of activity around the highs its suggesting to me that this retrace has further to go.

Since last Thursday afternoon high, the fall is ~ 350 pips and my favourite 50% retrace is at 129.32....

I've been buying ~the 128.00, banking some and doing it again....

Just a reminder to us all.....

Keep it simple!!!!!

Buy AUDUSD @1.04065
MM move price below full number with high volume (highest volume on LS), to add longs on lower price.

Master Sonicdeejay.
Some time ago, you asked if anyone has any horizontal volume indicator to share. I just came across one that works.

So here you go

so what is the use of this volume indicator?

I think it is some kind of Market Profile indicator.

Careful watch gold highly correlated

http://www.youtube.com/watch?v=I9E-FsgNZf8

All eyes on PMs rather..

Sonic

Hello master and TAH. i wanna ask. is that volume show us that it should be bullish? beause of that i close my sell trade.
It is ok for me. coz i still wanna learn abut that.

DO not take a trade solely on Volume...
It can take you to a very dark place...

Use Price Action/Wave and dragon as the primary..


Sonic

Ok thx master. to me it is still bearish. it hit the SR too. that's y i sell it. but seeing that volume make me feels selling is not a good one. then i just colse it with a few + pips. Thx again master.

it looks like a head and shoulder on 4hour chart is being formed

EU, MMs Bulls or Bears?

Still bears. Why? The most recent price action was the MMs, at the US open, ramming the price up. To where? To above the upper whole number. So what? Above whole numbers is where MMs like to close longs/add shorts. Time and again this has proven itself. You can clearly see the greatest volumes so far today are associated with that run above the whole number, and then the sell off from there.

Does it mean the price cannot go higher? No, it does not. Bear MMs do put on bull PA, but they do so to sucker in longs so they can add more shorts. In that process the price can go higher. However, eventually the bear MMs will instigate the run to make profits on their shorts, the MARK DOWN phase.

Master Sonicdeejay has wisely reiterated to not trade on volume alone. Indeed, that can get you into a very dark place! That is an understatement! I want to emphasize that the use of volume must be together with price action, and in conjunction with S&R and a bigger view of where price has been coming from. When used in this manner, price volume analysis can reveal if the MMs are bulls or bears. This allows you to have a better strategy for trading both the Sonic R. System Classic and Scout trades.

Oh, one more thing. I mentioned the need for analysis to include a bigger view of where price has been coming from. Consider that so far this month EU has made a swing up of about 400 pips, and for about 1/3 of that time has been in a 100 pips range at the top. Could the MMs be staging this for another swing higher? Yes, but if you look on H1 at the price volume action since price has been ranging, you will see the MMs have repeatedly stabbed the price to the top of the range, high volume showing when they do, but the highs (though all above a whole number) have been lower. If the MMs were bulls, then they would be concentrating on getting the price lower and lower in the range, maybe repeatedly dumping the price below the lower half number. They are not. Therefore, there is more evidence the MMs are bears than bulls, and based on where price has come from it is logical that the MMs could be in the Distribution phase.

The bottom line is that EU is ranging. From H1 down to M1 the PVA indicates the MMs are bears, not bulls. However, this is still ranging and as a strategy it would be advisable to continue to analysze so that when the MMs do finally put on PA for a breakout, you will be up to speed on everything.

-tah

Hi Sonic,

You have lines showing prev month high, low, etc. Is that an indicator? If the answer is yes, where can I get it? I´m always drawing those lanes manually and it would be perfect to have an indi for that.

Best,
Tymedu