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Sonic R. System

  • #51,401
  • Jun 18, 2013 6:55am Jun 18, 2013 6:55am
Quoting jasakreatif
for someone who keep GU , its about going to 1.56200 , aussie too {image}
ow!!!!!
Aussie going to 1.562? wow!!! would be nice
Everything is possible!!! Step by Step...
  • #51,402
  • Jun 18, 2013 7:07am Jun 18, 2013 7:07am
Quoting DmitryFX
{quote} ow!!!!! Aussie going to 1.562? wow!!! would be nice
next teen years maybe , , thats resist point GU .
  • #51,403
  • Jun 18, 2013 7:08am Jun 18, 2013 7:08am
Quoting traderathome
{quote} 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...
Thanks to TAH for giving thumbs up to my first sonic setup as it became a winner afterall. However the trade didn't turn out as beautiful as it seems under my execution.

Initial setup:

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31 hours later...

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During the New York session, UJ was ranging much and i decided to close my trade with -6 pip loss. First mistake I did was that I did not even bother to close my trade in BE. The amount lost is small but I guess that if I wish to become a serious trader, such behavior is forbidden. I guessed why I wanted to close my trade so early was due to the fact that I was not mentally fit yet (still very new to forex).

Secondly, I was not convicted in my trade. I remember seeing Sonic posting this few years ago while reading through the posts:

Quoting sonicdeejay
I have meaning(agenda) to say this... Like most said "Seeing is Believing"... But when it comes to Trading "Believing is seeing".... The traders need to have a edge that make that consistently on the right side of the trade and have confidence on their edge... That make 95% of traders lose money...as most do not have the edge....or believe in their edge... I see alot of new systems coming out with the galore of cool indicators, nice exmaple with "done" trade on how muc a user can profit from the trade..I do not really see, many of them doesn't...
Had I been more confident in my edge, this trade will turn out perfectly sweet. This setup definitely have the edge but I chose not to believe in that edge and thus ended up being the 95% of the traders who lose money.

This loss is nothing more than a precious lesson learnt. I am going to work harder so as to become the 5% who have the edge and believe in their edge.

Sharing my trade experience here so as to remind myself not to commit such mistake again and hope that this can be a good learning experience for anyone out there hoping to become a serious trader.

Cheers
  • #51,404
  • Jun 18, 2013 7:24am Jun 18, 2013 7:24am
Nice little short for 136 pips.

H.
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"The future is already written in the past"
  • #51,405
  • Jun 18, 2013 7:25am Jun 18, 2013 7:25am
EU & GU comment:

EU is drawing a wedge with the top @1.34. If it breaks that zone with strengh, the next point would be the 1.347-1.35 zone. You can see in the image the wedge. If it breaks the wedge pointing south, I would recommend to wait until the price breaks 1.33 as well, because the normal thing would be a pullback once it breaks the wedge.

Anything can happen, that's for sure. We don't know what will happen, if you think you know what will happen, or you are wrong or you should be reading this forum from your boat in bora bora .

Regarding the GU, price broke EMA89 in H1 chart and it made a LL. Now it's doing a pullback to the support (now resistance) area. They started the run for profits but I don't discard a pullback to the 1.565 zone.

PVSRA is indicating that EU and GU are bears. We can be wrong, of course. I will never say anybody how should he/she trade, everybody has to make a decision and we are here to share our thoughts. Some guys are here simply because they need to fill their ego, but that's another story.
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To fail is just an opportunity to learn
  • #51,406
  • Jun 18, 2013 7:50am Jun 18, 2013 7:50am
EJ sell. PVSRA H1 bearish. like GJ like UJ.

Attached Image
  • #51,407
  • Jun 18, 2013 8:15am Jun 18, 2013 8:15am
Quoting o0AxeL0o
Enter Long EU: {image}

Yeah said on 13 June mission accomplished! Axel noob rules!

Now is time to wait and see where the things goes....

Inserted Video
Attached Image
All my trades are in demo, dont do these things at home without permission!
  • #51,408
  • Jun 18, 2013 9:40am Jun 18, 2013 9:40am
Quoting traderathome
{quote} UJ Long Trade: Added long #9, Scout. M1 PVSRA show price take below 1/2SR followed by increased activity, indicating the MMs are bulls loading up on longs. Adjusted TP. Edit: Bingo! Added pic. 2 since it clearly demonstrates the superiority of PVSRA as a real-time market analysis because it involves no price derivative lagging indicators. Not one! It uses price, volume and S&R,.....those most important parameters of all, and nothing else but the human brain! Edit: Bingo! Added pic. 3 since it reinforces this demonstration! Clearly, some...

I supposed Ser TAH..cash in @ near 95.6x as he mentioned once..


Sonic
  • #51,409
  • Jun 18, 2013 10:31am Jun 18, 2013 10:31am
eurusd appears extremly oversold, we can expect from here correction of the top
  • #51,410
  • Jun 18, 2013 10:36am Jun 18, 2013 10:36am
Quoting meirk
eurusd appears extremly oversold, we can expect from here correction of the top
Oversold? U meant overbought right?
To fail is just an opportunity to learn
  • #51,411
  • Jun 18, 2013 11:28am Jun 18, 2013 11:28am
I Start reading this thread one more time. and i really wanna thank Mr. cfp85 for his input in the early stage of this thread and wish him all the best. also many thanks to Sonic for sharing this system with us. i believe this system is profitable system as it was in its early stage and as Sonic presented it to us "Simple". maybe i'm wrong but that is my personal point of view.
  • #51,412
  • Jun 18, 2013 3:26pm Jun 18, 2013 3:26pm
To tell me to sell some EU, show some cool picture of PVRSA so I would feel comfy
There is no spoon....
  • #51,413
  • Jun 18, 2013 3:31pm Jun 18, 2013 3:31pm
Quoting traderathome
{quote} EU Short Trade: Added short trade #20, Scout. M15 (and M1 also) PVSRA show the price being suddenly run up and followed with higher trading at the highs, indicating the MMs are bears, manipulating the price upwards to add shorts. This is consistent with the PVSRA analysis of GU (and EU) in an earlier post. It looks as though this week the bears will start moving price in the bear direction. And the MMs are exploiting the "last minutes" to load up on more shorts before they do. {image}
EU Short Trade:

Added short trade #21, Scout. PVSRA has not changed. MMs still bears. And the US MMs, of all MMs can move price horrendously when they smell blood. That is what they did, rammed the price up and threw on greatly increased trading on the way up and at, and after, the highs were reached. All this is evident on M1. I was not going to add to this trade, believing the downside was pending since GU had started down. But when I saw this play by the MMs and PVSRA continuing to assure me, I added also.
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  • #51,414
  • Jun 18, 2013 3:32pm Jun 18, 2013 3:32pm
Quoting Msis125125
To tell me to sell some EU, show some cool picture of PVRSA so I would feel comfy
hard to tell if you are making fun of him or serious. But it is clear this thread is not the same without him and I am saying in a negative sense. Without him this thread will soon become useless where everyone is either fighting or trying to show how good they are but of little value for anyone trying to learn this method or trading forex in general.

I do hope naysayers are not successful in making TAH go underground (I am sure he will be making loads of money either way).
Think : Trade : Live Life
  • #51,415
  • Jun 18, 2013 3:33pm Jun 18, 2013 3:33pm
Quoting traderathome
{quote} EU Short Trade: Added short trade #21, Scout. PVSRA has not changed. MMs still bears. And the US MMs, of all MMs can move price horrendously when they smell blood. That is what they did, rammed the price up and threw on greatly increased trading on the way up and at, and after, the highs were reached. All this is evident on M1. I was not going to add to this trade, believing the downside was pending since GU had started down. But when I saw this play by the MMs and PVSRA continuing to assure me, I added also. {image}

You have started at 1.29 and still adding at 1.34

Don't you think it might never get to that price again, by that price I mean 1.29?
There is no spoon....
  • #51,416
  • Edited 3:58pm Jun 18, 2013 3:46pm | Edited 3:58pm
O Ye of Little Faith.....

PVSRA continues to provide indications the MMs are bears. Seems some folks forgot the second of the two PVSRA prime considerations.
1. MMs prefer to push price up to/thru key SR to build when they are bears and push price down to/thru key SR to build when they are bulls.
2. We can never, ever know when they will stop the "building" and start the "run for profits".

If you look at the PA yesterday on M15 you can see how the greedy US MMs hiked the price to stop out shorts, to "steal" those shorts (red bar). Then they started to run the price down to let others think it was safe to resume shorting. Then they bamboozaled everyone and ran the price right back up to "steal" more shorts! And they ran it up thru the whole number, which was probably their plan from the start, to vacate all liquidity by triggering into the market wrong side long orders! That netted them some more shorts!

M5 and M1 PVSRA continued to indicate the MMs were bears in this grand price manipulation to stop out, trigger in, ......in general to suck the market dry of liquidity for their additional shorts! And nobody does this better than the US MMs, which always something to keep in mind when you are sure you know which way the price is going next.
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  • #51,417
  • Jun 18, 2013 3:51pm Jun 18, 2013 3:51pm
Thanx man! I really need that short. I appreciate that you posted it replying to my post.
There is no spoon....
  • #51,418
  • Jun 18, 2013 3:55pm Jun 18, 2013 3:55pm
I see a good classic short on GU.
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There is no spoon....
  • #51,419
  • Jun 18, 2013 4:02pm Jun 18, 2013 4:02pm
Quoting sonicdeejay
{quote} I supposed Ser TAH..cash in @ near 95.6x as he mentioned once.. Sonic
I have a higher target reset. Still awaiting the market's pro-USD push, which could move a lot of pairs that seem well reigned in by the MMs who are building ahead of their gallop to the finish line of the week.
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  • #51,420
  • Jun 18, 2013 4:09pm Jun 18, 2013 4:09pm
All in the Family

Right analysis, wrong analysis, incompetant analysis, or no analysis,.....good trade/bad trade......all things eligible for discussion. That is the way we share, grow and sometimes learn humility.

My beef is for the serious students of the Sonic R. System who must tread and stumble over all the "empties" litter that gets dropped on the thread by those that come here with their lanundry bag of indicators and super-duper methods and flaunt them to the point of diluting and poluting Sonic's elegantly simple and effective trading system.

In a way, I don't so much mind those others that just come here to bitch that I am not following the "ages of wisdom for trading markets" bullshit, because they provide me with a good laugh and some diversion when the market is slow.

-tah
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