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Sonic R. System

  • #63,041
  • Dec 4, 2013 5:44pm Dec 4, 2013 5:44pm
Quoting traderathome
{quote} NU Long Trade Update: Added today long Scouts #3,4. The basis for these two entries is the same. The price has been driven below the whole number and here notable volumes repeatedly occur, particularly at the lows which M1 is good at revealing. My conclusion is that on this pair, the market is more bullish than bearish and is loading up longs for a run back higher. Time will tell, because we cannot know for sure the future of pricing. Still no TP, nor SL. {image}
NU Long Trade Update:

I have set a TP for this trade, tentative and just for today. Things might change.
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  • #63,042
  • Dec 4, 2013 6:04pm Dec 4, 2013 6:04pm
Nostalgia Classic

AUD high impact release in less than half an hour. Note the lower wicks in the PA wave. Note resistance ahead. The pair NU is already moving higher, but this pair is stalled, maybe for last minute consolidation (position building) before the release. Though we cannot know this, nor anything else, for sure.
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  • #63,043
  • Edited 7:35pm Dec 4, 2013 6:56pm | Edited 7:35pm
AU Nostalgic Long Trade

Below whole numbers is a preferred place for the market movers to buy; to buy to close shorts and to buy to open longs. Yesterday the price was taken below the 0.9000 whole number and strongly rebounded, indicating lots of buying. Later, there were a couple of candles with long lower wicks, indicating the possibility the market went hunting stops on longs. All this was happening ahead of an AUD high impact release. We know that market movers probably already have knowledge of what releases will contain. And there is no law against "insider trading" in the forex market. To me, this all added up to a bullish situation. Therefore, with a Classic long setup at hand, when the price dipped again immediately following the AUD release, I entered long. No TP nor SL at this time.
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Edit: Set TP and SL.
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  • #63,044
  • Dec 4, 2013 7:48pm Dec 4, 2013 7:48pm
EJ: PVSRA "Heads Up!"

The Asian session market movers took the price below the whole number again, the place market movers prefer to buy; to buy to close shorts and to buy to open longs. Now, the previous M15 TF closed as a bullish quasi-engulfing candle. The total candle spread extends beyond that of the previous. Only the close of this bull candle was just a bit lower than the open of the previous bear candle (give the market makers credit for exercising deception here). There is a Classic long setup forming.......
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  • #63,045
  • Dec 4, 2013 8:04pm Dec 4, 2013 8:04pm
EU Potential H&S

Yes, not a pretty sight, but something that is possible nevertheless, with a target below 1.2900. This potential (not in-play until price breaks below the neckline) H&S pattern is pretty ugly, but still valid. More importantly, it fits exceedingly nicely to the existing PA and TLs confining this PA! This might be worth stronger consideration should EU drop below 1.3400, which would place this H&S formation in-play.

If you are one of the traders that has accepted possible takeover control of PA by the bears, this could be why.
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  • #63,046
  • Dec 4, 2013 8:05pm Dec 4, 2013 8:05pm
We gotta watch out the pin bar and t level.. see white..

If it breaks.. more snow ball effect with fast and furious action .. as last week longs forced to take profit..

Sonic
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  • #63,047
  • Dec 4, 2013 8:12pm Dec 4, 2013 8:12pm
Quoting traderathome
Nostalgia Classic AUD high impact release in less than half an hour. Note the lower wicks in the PA wave. Note resistance ahead. The pair NU is already moving higher, but this pair is stalled, maybe for last minute consolidation (position building) before the release. Though we cannot know this, nor anything else, for sure. {image}
Nostalgia Classic
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Price has "tested" the resistance area and is backing off. This is a perfect move by the market movers to induce shorters to believe it is time to short, thereby giving the market movers liquidity for their long orders. It this what is really happening? Let's give this time, for only time will tell.
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  • #63,048
  • Edited 8:32pm Dec 4, 2013 8:21pm | Edited 8:32pm
Quoting sonicdeejay
We gotta watch out the pin bar and t level.. see white.. If it breaks.. more snow ball effect with fast and furious action .. as last week longs forced to take profit.. Sonic {image}

Sonic,

Fair warning you give, too. This H&S formation is in-play.
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Another bullish move by the market movers to suck in longs to provide liquidity to add more shorts is not out of the question, though. And with such downside potential, what market mover would not want to add more shorts before a bear run for profits begins?
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  • #63,049
  • Dec 4, 2013 8:59pm Dec 4, 2013 8:59pm
EU:

My take. Bored, so I drew this picture.
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  • #63,050
  • Dec 4, 2013 9:44pm Dec 4, 2013 9:44pm
Quoting traderathome
{quote} Nostalgia Classic {image} Price has "tested" the resistance area and is backing off. This is a perfect move by the market movers to induce shorters to believe it is time to short, thereby giving the market movers liquidity for their long orders. It this what is really happening? Let's give this time, for only time will tell.{image}
Nostalgia Classic

Nice sudden push of the price up thru resistance. Looks like the bull market movers are getting more aggressive. Let's see what they do with the half number S&R area just ahead. And, are they going to support the price now, or was this just one of those "lemme grab some longs" moments as they went up the cheque and took the long side of some pending short orders (shorts that will end up getting trapped if this keeps up)?
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  • #63,051
  • Dec 4, 2013 10:01pm Dec 4, 2013 10:01pm
NU:

This is a pre-LS Classic long setup, with a PA multi-wave, and with all of this being centered on a whole number area. Nice, nice, nice. The Dragon is angled up and is above the Trend, which is also angled up. And PA is above both, with good bullish PA waves. But "yes", in spite of all these "goodies" the price could pull back. In fact, given the abilities of the market movers to do just that in instances where they smell profits to be make with a bull run, it should not surprise if they pull the price back down yet again to load up on more longs before they give this the upwards sendoff. What will happen? We cannot know. Only time will tell.
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  • #63,052
  • Dec 5, 2013 12:07am Dec 5, 2013 12:07am
Bear.. be a hawk now..

Sonic
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  • #63,053
  • Dec 5, 2013 12:55am Dec 5, 2013 12:55am
EURUSD. Told cha.
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  • #63,054
  • Dec 5, 2013 1:00am Dec 5, 2013 1:00am
USDJPY Proper Scout Entry. Vol breakout at lows. D1 Dragon bullish.
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  • #63,055
  • Dec 5, 2013 1:05am Dec 5, 2013 1:05am
GBPJPY Proper Scout entry. Vol breakout at lows. D1 Dragon Bullish.
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  • #63,056
  • Dec 5, 2013 1:07am Dec 5, 2013 1:07am
GA
This H&S formation
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  • #63,057
  • Edited 3:02am Dec 5, 2013 1:10am | Edited 3:02am
EURJPY Proper Classic Entry. Vol breakout at lows. D1 Dragon Bullish.
  • #63,058
  • Dec 5, 2013 2:05am Dec 5, 2013 2:05am
Quoting LITEchild
EURJPY Proper Classic Entry. Vol breakout at lows. D1 Dragon Bullish. {image}
Same with me; but I don't see your SL ....
Did you settup your SL ?
  • #63,059
  • Dec 5, 2013 2:18am Dec 5, 2013 2:18am
hit SL
...
  • #63,060
  • Dec 5, 2013 2:44am Dec 5, 2013 2:44am
Quoting traderathome
{quote} Tymedu, I disagree, Tymedu. In fact, I couldn't disagree with anything more. We cannot ever know, not with any certainty, how price will move nor when trends will reverse. If it was just about training and experience many more would become more successful as traders. Experienced traders, even those taken into the hallowed halls of the Big Time and groomed, coddled and eventually turned loose with great expectations they will make profits for the firms, often end up more like carnival characters trying to sell "systems" instead of going on...
Just to clarify. I did not say that I know where will the price go, I said that it's possible to know it. I'm still a novice trader who is focussing in that area. It's all about study, practice and experience, as I said.

I always shared my theories here, but only because they were related with SonicR System. If I stopped doing it it's because of that, because they are not related anymore with SonicR System. But the fact is that once you know how the market works and how the big boys act, the only thing you have to do is to follow their track. Of course it's something you can't learn in a couple of months, but it's possible to learn.

Market moves in cycles, it doesn't matter what time frame are you looking because the market is fractal. Of course, the big guys have traps because if the market always moves doing the same everybody would win, but those traps are "easy" to find once you have your eyes trained.

It's important to understand that one thing is a system and other thing is to know how the market works. There is a lot of profitable systems, but if you don't know how the market works, your system will probably fail in the next months/years. There is a way to identify when a trend is technically broken, there is a way to identify traps and stop hunts and there is a way to identify market cycles. Please, do not say they doesn't exist only because you don't know it.

Best, Tymedu.
To fail is just an opportunity to learn
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