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Sonic R. System

  • #62,821
  • Nov 28, 2013 11:29am Nov 28, 2013 11:29am
Quoting traderathome
Do You Have a "Yen" for a YEN Pair? The paid "Talking Heads" from Bloomberg and wherever, now talking about hedge funds, etc., anticipating the continuation of a gigantic runs up on YEN pairs. Well, it could become so, but..... .....such is also one of the dirtiest scam strategies of the "Thieves of Wall Street". They pay folks to talk and to publish a certain way, all for the purpose of influencing the sheep to accept a certain bias. In this case, it could be to start bending the minds of forex traders to accept that there is a lot more upwards...
On EJ agree with TAH! The price is overbought by millions, in fact we are in the middle of 2008 crisis price, and we are not out of the crisis yet, so next week would be most likely engulfing candle on the week chart! But again it is all just educated guess, nothing more!
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There is no spoon....
  • #62,822
  • Nov 28, 2013 1:56pm Nov 28, 2013 1:56pm
Quoting traderathome
{quote} YEN Pairs Being Head Faked? If you have been reading this thread, then you have read many times the statement that we can never know how price will move next, nor when it will reverse. This is very healthy "possibility thinking", which is supported by the chart I posted. Will it happen? We cannot know how price will move next, nor when it will reverse, but we can keep our eyes open to all possibilities because bears can manufacture sustained bull runs just as easily as bulls can! The prime objective in trading, to accomplish profitability,...
A yah ya yah yai!

No offence intended TAH , But SIMPLE DOES WORK YOU KNOW!!!
Your achievements in this thread are phenomenal and absolutely fabulous ! But SOMETIMES you do tend to go off the deep end with the conspiracy theories!
KEEP. IT. SIMPLE.
Whenever the market looks unpredictable or unclear, better to simply WAIT and WATCH.
Whenever a clear signal presents itself, in line with your trading rules, then TAKE THE TRADE! BUT NOT BEFORE! Thats simply gambling.
...just like you said at the end...trade only when the market gives the right stuff at the right time!

In my experience, MMs are neither bulls nor bears( in the way we think they are).
MMs are Investors. VERY shrewd ones at that.
And they are VERY VERY GREEDY BASTARDS
Once they ACTUALLY throw their money into the market, they NEVER look back until they have squeezed every last tiny teeny weeny drop of PROFIT off the table and then they still proceed to lick the plate clean! When they are sated, they belch, lean back, legs up, toothpick in mouth, pull out the popcorn and continue to watch the so called bulls and bears slaughtering each other for scraps!

The Bulls and Bears on the other hand are completely driven by FEAR!!!
They sit down the wide-eyed newbies around the fireplace and regale them with tales of the lochness Frankenstein monster that feeds on their stop losses no matter how well they hide them or how far away they keep them!

The wise words of a wise trader comes to mind.

Forex is easy to trade if & only if you keep it simple!!!
all you need is ....

a trend
a tool (all you need is one but if more 2 at most 3)
a trigger
a target

These are all already embedded in this fabulous method called SONIC R!

Anything more than these and you will most likely keep feeding and amusing the Lochness Monsters!

The complex keeps on paying the simple.

To all those who kept on selling EU, EJ, GU, GJ, despite all entreaties to the contrary,
The good news is your monies are in my bank account!
The bad news is I aint giving it back!

Finally, study RISK MANAGEMENT. MONEY MANAGEMENT(they are not the same thing), TRADE MANAGEMENT AND SELF MANAGEMENT.

Very soon Ill put up a trade explorer, for no other reason than just to show that SIMPLE WORKS. PERIOD.

AND SONIC R IS SIMPLE.
  • #62,823
  • Nov 28, 2013 1:59pm Nov 28, 2013 1:59pm
Quoting traderathome
{quote} YEN Pairs Being Head Faked? If you have been reading this thread, then you have read many times the statement that we can never know how price will move next, nor when it will reverse. This is very healthy "possibility thinking", which is supported by the chart I posted. Will it happen? We cannot know how price will move next, nor when it will reverse, but we can keep our eyes open to all possibilities because bears can manufacture sustained bull runs just as easily as bulls can! The prime objective in trading, to accomplish profitability,...
tah,
thank you for your valuable advice.
YEN down because the Nikkei 225 rises!
they are inversely correlated
  • #62,824
  • Nov 28, 2013 7:50pm Nov 28, 2013 7:50pm
Quoting traderathome
EJ Short Trade Opened: Entered #1, a Classic. No TP, SL at this time. If the MMs push the price back up, especially if they whip it back up towards the whole number, I will insert a supporting Scout,....maybe more than one! {image}
EJ Short Trade Closed: Subsequent to last post I added short #2, a Scout. Now I have closed both for 1,925 pips loss.
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  • #62,825
  • Nov 28, 2013 8:00pm Nov 28, 2013 8:00pm
Quoting traderathome
{quote} EJ Short Trade Closed: Subsequent to last post I added short #2, a Scout. Now I have closed both for 1,925 pips loss. {image}
Now this is market sentiment, means other closing as well! We actually might see the end of the trend somewhere near!
There is no spoon....
  • #62,826
  • Nov 28, 2013 8:14pm Nov 28, 2013 8:14pm
For richie boy..

Pls read sonic slides..

Month tf look topish but.. wait till more sign if u wanna short..
I m riding wif bull for now..

Sonic
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  • #62,827
  • Nov 29, 2013 1:12am Nov 29, 2013 1:12am
EJ
Short trade opened.

Classic Sonic R with little early entry.
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I know the secret...
  • #62,828
  • Nov 29, 2013 1:13am Nov 29, 2013 1:13am
Gold

Short trade entered.

Classic Sonic R entry
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I know the secret...
  • #62,829
  • Nov 29, 2013 1:16am Nov 29, 2013 1:16am
USDTRY

Just entered long.

Scout entry based only on volumes.

Nice spread on this pair
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I know the secret...
  • #62,830
  • Nov 29, 2013 1:29am Nov 29, 2013 1:29am
Quoting traderathome
{quote} YEN Pairs Being Head Faked? If you have been reading this thread, then you have read many times the statement that we can never know how price will move next, nor when it will reverse. This is very healthy "possibility thinking", which is supported by the chart I posted. Will it happen? We cannot know how price will move next, nor when it will reverse, but we can keep our eyes open to all possibilities because bears can manufacture sustained bull runs just as easily as bulls can! The prime objective in trading, to accomplish profitability,...
I m with u Sir..

Just wanna see more price action..
I have gj scout short now.

Sonic
  • #62,831
  • Nov 29, 2013 1:31am Nov 29, 2013 1:31am
On way bk to 166.7x area??

Sonic
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  • #62,832
  • Edited 2:15am Nov 29, 2013 1:45am | Edited 2:15am
AU Long Trade:

Entered Classic long early (before LS), but Dragon angled up, Trend up slightly, and PA above both. Good volume at LOD and also on this last dip.
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  • #62,833
  • Nov 29, 2013 1:46am Nov 29, 2013 1:46am
Quoting LITEchild
{quote} A yah ya yah yai! No offence intended TAH , But SIMPLE DOES WORK YOU KNOW!!! ... The wise words of a wise trader comes to mind. Forex is easy to trade if & only if you keep it simple!!! all you need is .... a trend a tool (all you need is one but if more 2 at most 3) a trigger a target These are all already embedded in this fabulous method called SONIC R! ...Finally, study RISK MANAGEMENT. MONEY MANAGEMENT(they are not the same thing), TRADE MANAGEMENT AND SELF MANAGEMENT. Very soon Ill put up a trade explorer, for no other reason...


On the orher hand, natural selection is one of the basic mechanisms of evolution. Since the forex market can't support unlimited winners' population growth, not all individuals get to be skilled to their full potential to be able to keep it simple.
Mind the gap
  • #62,834
  • Nov 29, 2013 1:58am Nov 29, 2013 1:58am
Quoting JRissa
Gold Short trade entered. Classic Sonic R entry {image}

Gold
Added scout short
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I know the secret...
  • #62,835
  • Nov 29, 2013 2:05am Nov 29, 2013 2:05am
Quoting JRissa
{quote} Gold Added scout short {image}
Your SL just my EP.:nerd:
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  • #62,836
  • Nov 29, 2013 2:05am Nov 29, 2013 2:05am
Quoting JRissa
{quote} Gold Added scout short {image}

That was fast...
SL hit
I know the secret...
  • #62,837
  • Nov 29, 2013 2:20am Nov 29, 2013 2:20am
Quoting Gloryrose
{quote} Your SL just my EP.:nerd:{image}
TOLD CHA..Jusr like that.
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  • #62,838
  • Nov 29, 2013 2:27am Nov 29, 2013 2:27am
Quoting LITEchild
{quote} A yah ya yah yai! No offence intended TAH , But SIMPLE DOES WORK YOU KNOW!!! Your achievements in this thread are phenomenal and absolutely fabulous ! But SOMETIMES you do tend to go off the deep end with the conspiracy theories! KEEP. IT. SIMPLE. Whenever the market looks unpredictable or unclear, better to simply WAIT and WATCH. Whenever a clear signal presents itself, in line with your trading rules, then TAKE THE TRADE! BUT NOT BEFORE! Thats simply gambling. ...just like you said at the end...trade only when the market...
Yada, yada, yada.

If you really want to show your "stuff" to folks, to show them what you can do, but in a way that will best help them (and not just toot your own horn), forget Trade Explorer. It does not show what PA looked like at entry, nor what your entry looks like relative to all the key metrics we use. Forget Trade Explorer and post a Sonic R System template chart real time like many of us here do. That way, whatever you have to share will be most easily visible to all, and not just a bunch of numbers, like on Trade Explorer.
  • #62,839
  • Nov 29, 2013 2:33am Nov 29, 2013 2:33am
When you fail, don't give up
Sometimes you have to give back something to market...

Took longer term Gold short trade.

Trend is down on monthly, weekly, daily, 4h timeframes.

Wide SL at last heavy support/resistance zone.

Aiming last heavy support at 1175-1200.
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I know the secret...
  • #62,840
  • Nov 29, 2013 2:38am Nov 29, 2013 2:38am
Quoting Gloryrose
{quote} TOLD CHA..Jusr like that. {image} {image}

Actually that last SL of mine with gold, was infact my last gold short ep point too
I already cashed that trade out yesterday and thought to jump in the trade again with little better price again. I thought that price would not come back here and put my SL ~same place it was before. =above 61.8fibo from last swing down.


Quoting JRissa
{quote} Gold short trade Sonic R scout Double top, high volumes at highs, 1h pin bar, weekly +daily trend down, pump & dump, strong candle down... It's a scout. Against 15m dragon & trend {image}
I know the secret...
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