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Sonic R. System

  • #63,161
  • Dec 10, 2013 12:00am Dec 10, 2013 12:00am
Quoting LITEchild
{quote} Careful selling CHF at the moment. Strongest currency across board.
I'm looking for a retrace at that s&r level. It doesn't mean that I'm selling CHF in long term. I'm also seeking for short setup below the key level 0.8888, if it breaks.

IMPORTANT : For SonicR Classic entry (which I only use from the matters that are contributed in this thread), I like to see the first leg (circled orange) above the dragon and then the rest ..

Regards,
Basber
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Trading methods are designed to put the odds in our favor, not predicting.
  • #63,162
  • Dec 10, 2013 12:50am Dec 10, 2013 12:50am
Quoting Basber
{quote} I'm looking for a retrace at that s&r level. It doesn't mean that I'm selling CHF in long term. I'm also seeking for short setup below the key level 0.8888, if it breaks. IMPORTANT : For SonicR Classic entry (which I only use from the matters that are contributed in this thread), I like to see the first leg (circled orange) above the dragon and then the rest .. Regards, Basber {image}
goodluck.
  • #63,163
  • Edited 3:59am Dec 10, 2013 3:42am | Edited 3:59am
GU Short Trade:

Entered short #1, Classic, on retrace following initial bear wave down thru half number S&R.
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  • #63,164
  • Dec 10, 2013 4:07am Dec 10, 2013 4:07am
GJ - short.
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Whatever is obvious is obviously wrong!"
  • #63,165
  • Dec 10, 2013 4:23am Dec 10, 2013 4:23am
Quoting loeil
GJ - short. {image}

Loeil,

Geez, Loeil! Have you though about opening a Venetian Blinds factory?

Nice timing.
Attached Image
  • #63,166
  • Dec 10, 2013 4:30am Dec 10, 2013 4:30am
GBP/USD Sell

Pending sell order in place on GU.

Reasons :
1. Previous W1 candle was bearish (but soft bias)
2. Current W1 candle hitting resistance
3. 4H candles starting possible down move, but at support, so pending sell order below that resistance
4. 15M waves forming

Notes : The bullish move could continue, but I want to see a break of that resistance before possibly going long instead of short. Always have a plan B.
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  • #63,167
  • Dec 10, 2013 5:28am Dec 10, 2013 5:28am
1. Below Dragon..

Inserted Video



Sonic
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  • #63,168
  • Dec 10, 2013 5:35am Dec 10, 2013 5:35am
hi guys,

was massively bitten with EJ. The one conclusion i've made from this is never trade against the overall trend. The upside move in my eyes came out of the blue but after doing some research EJ has been in an uptrend more or less since last year JULY 2012. But psychologically i was trying to catch the reversal in its path and once i got hooked onto the trade i emotionally was stuck in with it..

Lesson number 1: Trade with the overall trend
Lesson number 2: Don't get emotionally attached to the trade
  • #63,169
  • Dec 10, 2013 5:46am Dec 10, 2013 5:46am
Quoting traderathome
{quote} NU Short Trade Update: Added short #3, a Scout, when the price was retraced above the 3/4 number SR and seemingly stalled there, another PVSRA indication the MMs (US MMs this time) might have hiked the price so they could get better priced shorts. {image}
Hi
Understand you are trading short NU, however notice you are going long with AUD/USD. Are AUD and NZD quite relative or you are doing some offsetting?

Regards,
Lei
  • #63,170
  • Dec 10, 2013 6:12am Dec 10, 2013 6:12am
Quoting marvas
Lesson number 1: Trade with the overall trend
Your account will thank you for it.....
  • #63,171
  • Dec 10, 2013 6:44am Dec 10, 2013 6:44am
Quoting traderathome
GU Short Trade: Entered short #1, Classic, on retrace following initial bear wave down thru half number S&R. {image}
GU Short Trade Update:

Set pending short order just below half number, in case price was whisked up while I slept. It did. Entered short #2, a Scout. Adjusted TP slightly.
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  • #63,172
  • Dec 10, 2013 7:05am Dec 10, 2013 7:05am
Trend and Counter Trend Setups

The Sonic R. System can yield Classic trade setups that are both with the larger TFs trend, and also that are counter to the larger TFs trend. Both are valid. Just because a Classic setup is counter to the larger TFs trend does not mean it should not be traded and does not mean trading it will not be profitable.

In any trend there are retraces. These retraces are manufactured by the price controlling investment banks. They can follow profit taking and be for the purpose of attracting counter trend trading so these banks can add back trend following positions at better prices again. How far will retraces go? That you need to guess at (just like everything else) based on historic S&R. Are retraces always for fewer pips than moves with the trend? No. In most cases, yes, but there are times when the greedy banks see opportunity to put on a much better retrace to really suck in counter trend traders and get more of the liquidity they need to replenish their trend following positions.

Master Sonicdeejay has never recommended against trading counter trend setups. He has, in fact, often traded them and done so successfully, and has frequently stated "....trade what the market gives....", and with the warning to be cautious ".....watch like a hawk..." because the trade is counter trend.

So, do not think just because a Classic setup is counter to the trend you see on larger TF charts, that you should ignore it. You can ignore it if you like, but you can trade it successfully, too.
  • #63,173
  • Dec 10, 2013 7:28am Dec 10, 2013 7:28am
Quoting traderathome
{quote} NU Short Trade Update: Added short #4, a pre_LS Classic entry. Lowered TP. Lowered SL, but this is not a pending order. The recent single bar push up to almost the whole number and followed by a strong move back down tells me the MMs hiked the price to add shorts and that is what they did, and they continued to short this all the way back down. Hence, bearish and still building short positions for an eventual bear run for profits push down. {image}
NU Short Trade Update: Added short #5, another Scout, as the price was once again whisked up towards the 1/4 Level S&R on a single bar at the US open.

At this posting, the price has gone on to exceed the previous highs made up here. And the price could be pushed even further up. Adding when I did was risky. On the other hand, we know that the MMs prefer to sell (sell to close longs, sell to open shorts) above whole numbers, so this is a PVSRA indication the MMs might be bears getting liquidity to add shorts by sucking in longs with their bullish price push. So far, I still hold to the conviction this is a valid short trade. If price goes much higher, I will re-assess and either fold or not fold and possibly add another Scout.

Overall, this is a retrace in a larger TF down trend; one with very wide swings. If price comes back my way, I might also reassess my TP and possibly move it closer to RWL.
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  • #63,174
  • Dec 10, 2013 7:34am Dec 10, 2013 7:34am
Quoting sonicdeejay
1. Below Dragon.. http://www.youtube.com/watch?v=QNT-e8AwmqU Sonic


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1 hr and 30 mins later...

Told cha..

See some support coming in..careful with adding short..

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Inserted Video


Sonic
  • #63,175
  • Dec 10, 2013 8:00am Dec 10, 2013 8:00am
EU Comment:

The nature of "Comments" is sometimes not fulfilled, but that is the way of the market. We cannot know how price will move, nor when trends will truly reverse. So, keeping that in mind.....

Three times the price has been pushed to highs. Note that the Dragon seems to have leveled off, now making a second "shallow rise" which could (as is many times the case) be followed by price moving decidedly lower if this second rise remains shallow and then if the Dragon turns back down. This current push up via a single bar is typical of the MMs hiking to sell (to sell to close longs and/or to sell to open shorts). Note too, that these pushes are all up thru the half number Level S&R, a PVSRA indication the MMs might be bears.

This could be worth stalking for a valid Classic short setup as it is only Tuesday and still with good hours left in the LS. If a Classic short setup forms after these pushes up, then it could be one that plays out nicely. It would be a counter trend setup. One to "...watch like a hawk...", as sonic would say.
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  • #63,176
  • Dec 10, 2013 8:18am Dec 10, 2013 8:18am
AU Comment:

And Sonicers, don't forget this, which is looking more confirmed. AUD high impact releases are coming.
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  • #63,177
  • Dec 10, 2013 8:49am Dec 10, 2013 8:49am
Quoting traderathome
{quote} GU Short Trade Update: Set pending short order just below half number, in case price was whisked up while I slept. It did. Entered short #2, a Scout. Adjusted TP slightly. {image}
GU Short Trade Update:

Added short #3, another Classic as price dropped several pips below end of first candle out of Dragon on PA wave leg #3. Price has moved back up since then (another single bar push up), but this frequently happens when the stinking banks are not done loading up for the trade, and maybe trying to stop out shorts to get liquidity to do so (which is when we also can insert Scouts to support our trade). Adjusted TP slightly.
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  • #63,178
  • Edited 9:41am Dec 10, 2013 9:00am | Edited 9:41am
Quoting sonicdeejay
{quote} 1 hr and 30 mins later... Told cha.. See some support coming in..careful with adding short.. {image} http://www.youtube.com/watch?v=z4MReEsQpZ0 Sonic {image}
Dear Sonic,

In light of all the carnival characters that are out there selling for thousands of dollars their bull shit courses on how to trade the forex market, and in light of the fact you have the most successful thread on Forex Factory where numerous traders arrive, learn and become successful traders (and demonstrate their trades daily!!!),......all for free, I'd recommend we close down this thread, go commercial, and rake in even more dough!

Just kidding. The Sonic R. System Project stands uniquely apart from everything else as genuinely caring, openly sharing and actually successful. It is truly a shame such hucksters can thrive by packaging up their grossly inferior goods, and then taking advantage of others by selling the crap at outrageous prices; crap so lousy that selling it at any price is outrageous!

I, and all forex traders around the world, should thank you, Master Sonicdeejay, for your Sonic R. System Project.

-tah
  • #63,179
  • Dec 10, 2013 9:11am Dec 10, 2013 9:11am
Hi there master sonicR and traderathome. I've been following your posts and learning the system for a few weeks now. Will try to share my charts when i feel ready. Please feel free to correct my mistakes in my future posts and I sincerely thank you for all your posts as i have learnt a lot from them.

LQ
  • #63,180
  • Dec 10, 2013 9:41am Dec 10, 2013 9:41am
Quoting traderathome
MT4 Standard Volume Display & SonicR PVA Volumes Indicator As a reminder about forex volume: 1. It is the volume only on your broker's server, i.e., only as a result of the broker's forex business. It is not market-wide volume. 2. It is the count of the number of trades your broker has executed. Their size is undisclosed. The SonicR PVA Volumes indicator can do nothing to change these limitations of forex "volume". What it does do is to highlight notable volumes, using the same coded parameters as does the SonicR PVA Candles indicator, so when you...
Hey traderathome,

Can you enlighten me on two questions pls :

1. When you said volume is market wide, it means that volume shown on our indicator reflects only trading with our own broker right? So if for example, a big investment decide to trade on broker A, why will the volume shown on broker B be high too?

2. If you are using an ECN account, it means your broker get feeds from interbanks(usually around 20) right? So does that mean ECN accounts reflects volume better?

LQ
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