Sonic R. System | Page 2612 | 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

  • #52,221
  • Edited 9:29am Jul 1, 2013 7:39am | Edited 9:29am
Quoting traderathome
{quote} AJ Short Trade: Added short #12 a bit earlier, Scout. {image}
AJ Short Trade:

Added shorts #13, #14 and #15, Scouts. Only basis for this is today is first part of week, and when MMs sometimes move prices to gain advantage in building positions ahead of opposite moves that are coming later in the week. Subjective. No SL, no TP at this time.
Attached Image (click to enlarge)
Click to Enlarge Name: june 2013 - 365.png Size: 73 KB
  • #52,222
  • Jul 1, 2013 7:50am Jul 1, 2013 7:50am
Quoting traderathome
{quote} EU Long Trade: Added longs #3 and #4, Scouts. M1 PVSRA shows MMs have lowered price and increased trading, indicating they are bulls seeking lower prices to add longs. Adjusted TP. {image}
EU Long Trade:

Added long #5, Scout. M1 PVSRA shows MMs suddenly pushed price down while increasing their trading, indicating they are extreme bulls now. Adjusted TP.
Attached Image (click to enlarge)
Click to Enlarge Name: june 2013 - 363.png Size: 70 KB
  • #52,223
  • Jul 1, 2013 9:19am Jul 1, 2013 9:19am
Quoting traderathome
{quote} AU Long Trade: Added long #3, Classic also. Adjusted TP. {image}
AU Long Trade:

Trade closed for 210 pips gain.
Attached Image (click to enlarge)
Click to Enlarge Name: june 2013 - 366.png Size: 67 KB
  • #52,224
  • Jul 1, 2013 9:25am Jul 1, 2013 9:25am
Quoting traderathome
{quote} GU Long Trade: Added long #4, Scout. This is based on the MMs working price lower before the US open, maybe in an attempt to find and use up liquidity for getting their long orders filled before the US open. If the US MMs take it even lower, I might add again. Adjusted TP. {image}
GU Long Trade:

Added long #5, Scout. Post-London session MMs are dragging the price back down to use up any liquidity at lower prices to get their long orders filled. This could go lower, but this additional long entry is suitably spread out from the others. This pullback right on the heels of the close of the LS, to take advantage of any liquidity, is a very bullish sign imho. Adjusted TP.
Attached Image (click to enlarge)
Click to Enlarge Name: june 2013 - 367.png Size: 70 KB
  • #52,225
  • Jul 1, 2013 9:33am Jul 1, 2013 9:33am
Quoting traderathome
{quote} GJ Short Trade: Added short trade #12, Scout. It is right at the close of the London Session when the MMs renewed their pushing up of the price on high activity as it passed up thru previous highs. Other than that, there was no new clear PVSRA indication the MMs are bears. But, there was no changed indication either. So, I ventured this addition. Adjusted TP. Unless the MMs push this above the whole number, this might be my last trade component this week for any trade, as I go into the "waiting" mode for things to develop. {image}
GJ Short Trade:

Added short #13, Scout. The basis for this entry is that the MMs are hiking price to add shorts early in week, and it reached the upper whole number SR.
Attached Image (click to enlarge)
Click to Enlarge Name: june 2013 - 362.png Size: 77 KB
  • #52,226
  • Jul 1, 2013 9:54am Jul 1, 2013 9:54am
I know that the previous volume signals are much higher than the later and therefore more important I guess. But could be a clue intentions change MM? Or may be the MM sending the price down for better prices? Or just can not know until reappear PVSRA important new signals?
Someone could help me?
The entrance is seen in figure is not based on PVSRA, sorry.
Attached Image (click to enlarge)
Click to Enlarge Name: audusdm1.png Size: 49 KB
Newbie trader
  • #52,227
  • Jul 1, 2013 10:12am Jul 1, 2013 10:12am
Quoting fex
I know that the previous volume signals are much higher than the later and therefore more important I guess. But could be a clue intentions change MM? Or may be the MM sending the price down for better prices? Or just can not know until reappear PVSRA important new signals? Someone could help me? The entrance is seen in figure is not based on PVSRA, sorry. {image}
AU:

It could just be profit taking after the run up today. If the MMs are still bulls then they will drag price lower in "after hours" when it is easier to do so, and increase trading at lower steps achieved as they rebuild long. If the MMs switch to bears, it is likely they will try to hold up price and do most of their trading at the higher levels as price cycles up and down.

Once the LS ends, price movements can become erratic or disappointing. Especially if you are not sure if the MMs are bulls or bears, this is not a time to be opening a trade! Why not wait longer into the slow hours to see if you can get better, or supporting PVSRA indications before entering a trade?
  • #52,228
  • Jul 1, 2013 10:20am Jul 1, 2013 10:20am
Quoting apock
{quote} Build position update. Last night the first buy stop was touched. {image}
Build position update. From my last post, first and second buy limit was touched, waiting for my last bullet (buy limit or buy stop)
Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot1.png Size: 79 KB
"Don't pretend that things will change, if you always do the same" A.E.
  • #52,229
  • Jul 1, 2013 10:21am Jul 1, 2013 10:21am
Quoting traderathome
{quote} AU: It could just be profit taking after the run up today. If the MMs are still bulls then they will drag price lower in "after hours" when it is easier to do so, and increase trading at lower steps achieved as they rebuild long. If the MMs switch to bears, it is likely they will try to hold up price and do most of their trading at the higher levels as price cycles up and down.
Ok, thanks you, very clear
Newbie trader
  • #52,230
  • Jul 1, 2013 10:25am Jul 1, 2013 10:25am
Quoting apock
{quote} Build position update. From my last post, first and second buy limit was touched, waiting for my last bullet (buy limit or buy stop) {image}
Well? Which are you, a THV cobra or a Sonicer? I kinda think you are becoming a Sonicer. THV is M1/M5 scalping (I know that from my early days contributing there), and you sure are not doing that now! Toss the THV logo. It isn't appropriate here. I have great respect for Cobra. I consider him a friend and I feel privileged to have helped early on in the THV Project, but these are two entirely different systems. If you are not sure which you are, then you are disadvantaged as a trader until you make up your mind and set a true course.
Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot1.png Size: 79 KB
  • #52,231
  • Jul 1, 2013 10:32am Jul 1, 2013 10:32am
EU

For me, MMs still bears. Volume increases once the price reaches .3050. Price still holding the 0.5 fibo (from last week max to min). However, it's only Monday and they can perfectly keep pushing the price through 1.308- 1.31. But I think they are just loading shorts and letting the price breath a little bit. They add, I add.
Attached Image (click to enlarge)
Click to Enlarge Name: aa.png Size: 45 KB
To fail is just an opportunity to learn
  • #52,232
  • Jul 1, 2013 10:38am Jul 1, 2013 10:38am
Quoting Tymedu
EU For me, MMs still bears. Volume increases once the price reaches .3050. Price still holding the 0.5 fibo (from last week max to min). However, it's only Monday and they can perfectly keep pushing the price through 1.308- 1.31. But I think they are just loading shorts and letting the price breath a little bit. They add, I add. {image}
PVSRA, EU: Bulls or Bears?

Tymedu, interesting.

Yes, from the start of my long trade I accepted that the Bears were probably only cloaking themselves as bulls for a short term purpose, to hike price to suck in longs so the MMs could get more short orders filled. The key question was, and is, at what point will the MMs shed their bull disguise and resume heavy shorting sufficient to start the price back downwards? Unfortunately, we can never know this. We can only keep up with PVSRA indications, looking for signs of change. You and I are on the same page here, as I hope all Sonicers are.

BTW, Tymedu, your posts are a great contribution to this thread. Thank you.
  • #52,233
  • Jul 1, 2013 10:46am Jul 1, 2013 10:46am
Quoting traderathome
{quote} PVSRA, EU: Bulls or Bears? Tymedu, interesting. Yes, from the start of my long trade I accepted that the Bears were probably only cloaking themselves as bulls for a short term purpose, to hike price to suck in longs so the MMs could get more short orders filled. The key question was, and is, at what point will the MMs shed their bull disguise and resume heavy shorting? Unfortunately, we can never know this. We can only keep up with PVSRA indications, looking for signs of change. You and I are on the same page here, as I hope all Sonicers...
Exactly, but we are getting 2 different ways (both valid for me). You are trying to catch as much pips as you can with the retrace and I'm just rebuilding shorts (after the profits we took last week, remember). From the fundamental side, I don't see any strength in EuroZone right now, Portugal Financial Minister just resigned (uhm... why? Bailout?) and I don't see the Euro going too far. On the other side, we have the USD, which is showing a lot of strength since Bernanke's speech. This Friday we have NFP, and this NFP is really important for the Q3. I know you don't like fundamentals, but as you know for me it's essential to understand market situation.

Oh, and this week we have a very interesting day, July 4th. Bank holiday in USA and ECB press conference. This is a very very weird event (high volatility event with low liquidity). This week last year EU dropped almost 400pips. Let's see what happens this year.
To fail is just an opportunity to learn
  • #52,234
  • Edited 11:25am Jul 1, 2013 10:58am | Edited 11:25am
Quoting Tymedu
{quote} Exactly, but we are getting 2 different ways (both valid for me). You are trying to catch as much pips as you can with the retrace and I'm just rebuilding shorts (after the profits we took last week, remember). From the fundamental side, I don't see any strength in EuroZone right now, Portugal Financial Minister just resigned (uhm... why? Bailout?) and I don't see the Euro going too far. On the other side, we have the USD, which is showing a lot of strength since Bernanke's speech. This Friday we have NFP, and this NFP is really important...
EU:

Now you have me. Based on your synopsis, I agree this week could be a lot more tricky than I was thinking. I am going to close my EU long trade. Just looking for the right place now.

Edit: The MMs, after keeping price up for a time, suddenly let it drop and then traded heavily at lower prices. PVSRA still indicates the MMs are bulls. I have added instead of closing, but I am not looking for a big inter-day run into tomorrow. It could happen, though.
  • #52,235
  • Jul 1, 2013 11:11am Jul 1, 2013 11:11am
Quoting traderathome
{quote} EU: Now you have me. Based on your synopsis, I agree this week could be a lot more tricky than I was thinking. I am going to close my EU long trade. Just looking for the right place now.
Now is when the EU goes to 1.40 this week

Just kidding. EU has room to go up without changing the main trend. This is why I agreed with you and your longs, even when I was doing totally the opposite, it was completely valid for me and a good lesson about how to catch retracements. Tomorrow I will prepare a post that I've been thinking this weekend and I think it will be interesting for all the guys in the thread (Im included )
To fail is just an opportunity to learn
  • #52,236
  • Jul 1, 2013 11:11am Jul 1, 2013 11:11am
Quoting traderathome
{quote} EU: Now you have me. Based on your synopsis, I agree this week could be a lot more tricky than I was thinking. I am going to close my EU long trade. Just looking for the right place now.
Would this be a good time to avoid trading as news or holiday events could be strong enough to detract from MMs strategy?
insanity: Doing the same thing over... and expecting different results -AE
  • #52,237
  • Jul 1, 2013 11:15am Jul 1, 2013 11:15am
Quoting traderathome
{quote} My Bitch Trade Everybody gets one, sometime. This is mine. Started when I was a baby, and now that I've one foot in the grave, it might be topping off! Just added short trade #19 (@ 130.00), Scout. Based on no reason whatsoever except that price has moved to the higher whole number SR again (130.00). {image}

19 positions, all against the tape.

Hey man, you had the brass to post it, so that alone gives you credit in my book.

I am hoping for a correction just so you can get out this mess.
If you are good at something, never do it for free--Joker
  • #52,238
  • Jul 1, 2013 11:29am Jul 1, 2013 11:29am
Quoting traderathome
{quote} EU Long Trade: Added long #5, Scout. M1 PVSRA shows MMs suddenly pushed price down while increasing their trading, indicating they are extreme bulls now. Adjusted TP. {image}
EU Long Trade:

Added long #6, Scout. M1 PVSRA shows MMs finally let price come down off the highs, and when it dropped the MMs started trading more heavily, indicating they are bulls. Adjusted TP.
Attached Image(s) (click to enlarge)
Click to Enlarge Name: june 2013 - 368.png Size: 71 KB
Click to Enlarge Name: june 2013 - 369.png Size: 60 KB
  • #52,239
  • Jul 1, 2013 11:36am Jul 1, 2013 11:36am
Quoting traderathome
{quote} EU: Now you have me. Based on your synopsis, I agree this week could be a lot more tricky than I was thinking. I am going to close my EU long trade. Just looking for the right place now. Edit: The MMs, after keeping price up for a time, suddenly let it drop and then traded heavily at lower prices. PVSRA still indicates the MMs are bulls. I have added instead of closing, but I am not looking for a big inter-day run into tomorrow. It could happen, though.
I've got the same trade running, but with very little too risk - profit wise - at the moment.

I'm just setting a stop at BE with the outside chance it might still go up and hit my TP target.

Worth the risk.
  • #52,240
  • Jul 1, 2013 11:37am Jul 1, 2013 11:37am
Quoting traderathome
{quote} Well? Which are you, a THV cobra or a Sonicer? I kinda think you are becoming a Sonicer. THV is M1/M5 scalping (I know that from my early days contributing there), and you sure are not doing that now! Toss the THV logo. It isn't appropriate here. I have great respect for Cobra. I consider him a friend and I feel privileged to have helped early on in the THV Project, but these are two entirely different systems. If you are not sure which you are, then you are disadvantaged as a trader until you make up your mind and set a true course. {image}...

I don't know how delete that labels, i'm not a THVer...
"Don't pretend that things will change, if you always do the same" A.E.
23 traders viewing now