Sonic R. System | Page 2564 | Forex Factory

Options

Go to
Permalinks
Print Thread

Similar Threads

Sonic R.evolution 95 replies

The System Behind the System, by Merlin Jeffries 16 replies

Old School Sonic System + Other Things 11 replies

Knife system, Vegas 4h system related questions. 4 replies

Would you trade this system? New system #2. 10 replies

Attachments: Sonic R. System
Exit Attachments

Sonic R. System

  • #51,261
  • Jun 16, 2013 2:20pm Jun 16, 2013 2:20pm
Worth reading:

http://www.businessweek.com/articles...xchange-market

Quote
While hundreds of firms participate in the foreign exchange market, four banks dominate, according to a May survey by Euromoney Institutional Investor (ERM): Deutsche Bank (DB), Citigroup (C), Barclays (BCS), and UBS (UBS) have a combined share of 50.4 percent. The five traders interviewed by Bloomberg declined to identify which banks engaged in manipulative practices and didn’t specifically allege that any of the top four companies were involved. Spokesmen for Barclays, Citigroup, Deutsche Bank, and UBS declined to comment.

One of Europe’s largest money managers has complained about possible manipulation of foreign exchange rates to British regulators within the past 12 months, according to a person with knowledge of the matter who asked that neither he nor the firm be identified because he wasn’t authorized to speak publicly. While U.K. regulators require dealers to act with integrity and avoid conflicts, there are no specific rules or agencies governing spot foreign exchange trading in Britain or the U.S.



Readers of this thread will exhibit no surprise.
  • #51,262
  • Jun 16, 2013 4:45pm Jun 16, 2013 4:45pm
Sonic Deejay, what do you think about EURUSD movement where and how far? Just an honest independent point of view please?
There is no spoon....
  • #51,263
  • Jun 16, 2013 7:08pm Jun 16, 2013 7:08pm
What is everyone on a Forex sebatical?
There is no spoon....
  • #51,264
  • Jun 16, 2013 7:15pm Jun 16, 2013 7:15pm
Quoting Msis125125
What is everyone on a Forex sebatical?
I was viewing Spain vs Uruguay! We Won!
All my trades are in demo, dont do these things at home without permission!
  • #51,265
  • Jun 16, 2013 7:26pm Jun 16, 2013 7:26pm
i do short everyday

Attached Image (click to enlarge)
Click to Enlarge Name: audusdm15_17jn.png Size: 40 KB
  • #51,266
  • Jun 16, 2013 8:06pm Jun 16, 2013 8:06pm
possible setup , but didnt take it , cause have yuro tu manage

Attached Image (click to enlarge)
Click to Enlarge Name: gbpusd17jn.png Size: 41 KB
  • #51,267
  • Jun 16, 2013 8:43pm Jun 16, 2013 8:43pm
I like your stile bro!

That yellow squares on ure chart is it indi or handmade?
There is no spoon....
  • #51,268
  • Jun 16, 2013 8:55pm Jun 16, 2013 8:55pm
Quoting Msis125125
I like your stile bro! That yellow squares on ure chart is it indi or handmade?
rectangle handmade

Attached Image (click to enlarge)
Click to Enlarge Name: uj_17jn.png Size: 44 KB
  • #51,269
  • Jun 16, 2013 9:21pm Jun 16, 2013 9:21pm
EURUSD short
Attached Image (click to enlarge)
Click to Enlarge Name: 1.png Size: 50 KB
  • #51,270
  • Jun 16, 2013 10:29pm Jun 16, 2013 10:29pm
Quoting futurespeter
EURUSD short {image}
Nice setup....
Creditors have better memories than debtors.
  • #51,271
  • Jun 16, 2013 10:34pm Jun 16, 2013 10:34pm
Quoting Cheng
Hi Prof TAH, I'm just practicing to read charts. The chart below has the following signs: 1. Increasing volume of trades with decreasing price (does it mean MM are bears? Since they are preferring lower price) 2. Increasing volume when price hit the whole number (1.3300 level. Isn't it a bull sign?) 3. Looking at the overall price candle sticks it seems that the MM are 'pressing' the price down. ( so its a bear sign?) These are my analysis after all the reading. I know I'm not good yet. But it seems that the chart seems to give me a mix of bulls...
EU:

Cheng,

1. The many climax volume bars on the swing down I would interpret as heavy selling.
2. The notable high volume occuring once the price reached the lower whole number I would interpret as "stopping the drop" volume, not necessarily bullilsh but just in order that the MMs will face less work hiking the price back up to resume shorting. As we see in this new week, once they did get the price back up to the half number, they increased trading (shorting) and this resulted in price starting to swing back down.
3. Overall, yes, and I agree. The MMs are bears.
Attached Image(s) (click to enlarge)
Click to Enlarge Name: test.jpg Size: 183 KB
Click to Enlarge Name: june 2013 - 196.png Size: 40 KB
  • #51,272
  • Jun 16, 2013 10:57pm Jun 16, 2013 10:57pm
Hi Prof TAH,

Seeing a symmetric triangle forming for EU. With aid of PVSRA showing bearish signals, is it safe to say that this triangle will breakout with a bearish victory or tides may turn the other way?

Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot4.png Size: 84 KB
  • #51,273
  • Jun 16, 2013 11:58pm Jun 16, 2013 11:58pm
Hi guys,

First sonic setup post:

Attached Image (click to enlarge)
Click to Enlarge Name: ujm15.png Size: 60 KB


Prof TAH, does diminishing bullish strenth shown in PVSRA mean anything? (Divergence?)

Please correct me if there's anything wrong with my setup. Thnx
  • #51,274
  • Jun 17, 2013 12:32am Jun 17, 2013 12:32am
Quoting AhQuan
Hi Prof TAH, Seeing a symmetric triangle forming for EU. With aid of PVSRA showing bearish signals, is it safe to say that this triangle will breakout with a bearish victory or tides may turn the other way? {image}
One principle of PVSRA is that while we can determine if the MMs are bulls or bears, we cannot know the timing of the start of their run for profits. It might coincide with TL, triangles, etc, and it might not. It will be interesting to see, though, if the bears break the lower triangle line and run....
Attached Image (click to enlarge)
Click to Enlarge Name: june 2013 - 197.png Size: 35 KB
  • #51,275
  • Jun 17, 2013 1:14am Jun 17, 2013 1:14am
Quoting traderathome
{quote} UCad Long Trade: Added long trades #7 and #8, Scouts. M1 PVSRA shows price dropped below previous low, followed by increased trading, indicating the MMs are bulls. adjusted and set TP1. {image}
UCad Long Trade:

Added long trade #9, Scout. M1 PVSRA shows price taken below half number followed by increased activity, indicating the MMs are bulls. Adjusted TP.
Attached Image (click to enlarge)
Click to Enlarge Name: june 2013 - 198.png Size: 43 KB
  • #51,276
  • Jun 17, 2013 1:29am Jun 17, 2013 1:29am
Quoting AhQuan
Hi guys, First sonic setup post: {image} Prof TAH, does diminishing bullish strenth shown in PVSRA mean anything? (Divergence?) Please correct me if there's anything wrong with my setup. Thnx
AhQuan,

Nice chart, with the trade parameters very nicely depicted!
Nice setup and setup analysis!
My bet is it will turn into a nice trade, with patience.

Thank you for taking time to do such nice work that studying students of the Sonic R. System can readily grasp and learn from.

When the MMs are bulls, diminishing bullish strength frequently means only that the bull MMs are going to pull price back to resume buying at lower prices. As for divergence, it has no place in the Sonic R. System. We don't use it as part of any analysis.

-tah
Attached Image (click to enlarge)
Click to Enlarge Name: ujm15.png Size: 60 KB
  • #51,277
  • Jun 17, 2013 2:30am Jun 17, 2013 2:30am
I saw them shorting the JPY pairs so am with them, please kindly join us build trades remember where to add more trades SR areas...
Attached Image(s) (click to enlarge)
Click to Enlarge Name: usdjpym15.png Size: 36 KB
Click to Enlarge Name: eurjpym15.png Size: 34 KB
  • #51,278
  • Jun 17, 2013 2:31am Jun 17, 2013 2:31am
Quoting traderathome
{quote} UCad Long Trade: Added long trade #9, Scout. M1 PVSRA shows price taken below half number followed by increased activity, indicating the MMs are bulls. Adjusted TP. {image}

Half number 1.01500 did hold again.
Attached Image(s) (click to enlarge)
Click to Enlarge Name: 2.png Size: 51 KB
Click to Enlarge Name: 3.png Size: 49 KB
  • #51,279
  • Jun 17, 2013 2:39am Jun 17, 2013 2:39am
Quoting zawad4u
I saw them shorting the JPY pairs so am with them, please kindly join us build trades remember where to add more trades SR areas... {image} {image}
Hi zawad4u,

How do you determine that "they" shorted the JPY pairs? Couldn't figure out the rationale behind this move. Please explain. Thnx
  • #51,280
  • Jun 17, 2013 2:56am Jun 17, 2013 2:56am
Quoting futurespeter
{quote} Half number 1.01500 did hold again. {image} {image}
PVSRA, UCad: Bulls or Bears?

Yes, and this PA by the London open MMs is simply screaming that they are bulls. They ran it up, then quickly back down again, keeping it in a tight range, so far, while they load up on longs (pic. 1).

Edit: Added pic. 2 for follow-up, so you can see the price manipulation going on. MMs concentrating on keeping price from going too high while they buy. So, they keep pulling it back down and buying more.
Attached Image(s) (click to enlarge)
Click to Enlarge Name: june 2013 - 199.png Size: 32 KB
Click to Enlarge Name: june 2013 - 200.png Size: 32 KB
20 traders viewing now