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Sonic R. System

  • #63,881
  • Jan 8, 2014 12:38pm Jan 8, 2014 12:38pm
Quoting king8084
after an hour of reading and still not getting it i offer 100USD to anyone who can teach me how to know if MM is bearish or bullish...on paypal (im serious) for the love of god someone teach me
I know what You feel, but Tah right, time, time, read, read. I know becouse I read and try. Today understand 7 month later .
You must personally read and practice. Isn't other way.

I read all post - uff
  • #63,882
  • Jan 8, 2014 1:03pm Jan 8, 2014 1:03pm
Quoting traderathome
{quote} king8084, There are hundreds, no thousands of words posted on PVSRA starting in April 2013. Do not think you can ingest and digest in a short time all that has been written on PVSRA. I suggest you keep up with reading the thread, and the posts of trades involving Scouts relating to PVSRA. In time, you will get it. Keep catching up on the reading, and be patient. Did you read the PVSRA section in the post that released the TAH indys and tmpls?
you mean the PDF post? or is there a different one? first post is little filled with links i might got lost lol

i am sorry guys i understand i am annoying you
  • #63,883
  • Jan 8, 2014 1:57pm Jan 8, 2014 1:57pm
EU- spring? will see..
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Whatever is obvious is obviously wrong!"
  • #63,884
  • Jan 8, 2014 2:31pm Jan 8, 2014 2:31pm
Quoting loeil
EU- spring? will see.. {image} {image}
loeil,

I agree. You are right on top of things!
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  • #63,885
  • Jan 8, 2014 2:33pm Jan 8, 2014 2:33pm
Quoting king8084
{quote} you mean the PDF post? or is there a different one? first post is little filled with links i might got lost lol i am sorry guys i understand i am annoying you
king8084,

If you have not read everything in Post #1, and linked in Post #1, no wonder you are lost! That is the very first assignment you should have given yourself before asking even one question! Shame on you.

-tah
  • #63,886
  • Jan 8, 2014 2:43pm Jan 8, 2014 2:43pm
AUD Comment

In just under four hours from now there will be two high impact AUD releases. Aussie pairs might see some decent subsequent PA.

In the case of AU (below), the market makers have repeatedly taken the price back down to the whole number area, and this might have happened because they are accumulating long orders which they will sell back into the market for a profit once people see the bull running and start submitting long orders.
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  • #63,887
  • Edited 3:37pm Jan 8, 2014 3:14pm | Edited 3:37pm
GU Comment

After closing my profitable GU long trade begun earlier this trading day, I missed the retrace to DR1 to restart the trade. However, if I know the dastardly Market Makers, they will eventually take the price lower again to accumulate more long orders before they let this run too high. If they do that, it could be an opportunity to re-initiate your GU long trade.

Note the releases coming tomorrow. There is plenty of time for the Market Makers to dance the price around to get as many committed as possible before it comes time to whip the price and stop a bunch of them out and use the gained liquidity to add more long orders of their own.

We cannot know how price will move next, but the MMs might whack the price again, and if they do they might take it to the 1/4sr area. If you are looking for an long entry, this might be worth keeping an eye on.
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  • #63,888
  • Jan 8, 2014 5:27pm Jan 8, 2014 5:27pm
I think EU still bearish. High volume at low is because EU hit MA 89 in D1 timeframe. Move up is a retracement. Like I said before, sooner or later EU will touch 1.35 or maybe lower. For many of you long this pair, I hope I am wrong. Do not overtrading. Always has planning for cut the loses. I like what sonic did with sonicH on NU pair. Nice trade.

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  • #63,889
  • Jan 8, 2014 6:20pm Jan 8, 2014 6:20pm
This entry would be valid or late? Considering closing the daily candle (pinbar).
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  • #63,890
  • Jan 8, 2014 6:24pm Jan 8, 2014 6:24pm
Saw 2 vol bar..

Mkt is priming for big move..

If lower band get broken down.. it should bring morr slide..

Sonic
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  • #63,891
  • Jan 8, 2014 6:26pm Jan 8, 2014 6:26pm
Quoting traderathome
{quote} GU Long Trade Closed: TP reached and trade closed for 241.2 pips gain. Subsequent to last post I added long #4. {image}
I am still on page 51, so I am not sure if I have the right to ask questions But I am also trying to follow new posts and one thing that is the mystery for me now, is how do you decide on TP targets? Like in this GU trade. The closest target was 1.6425 then more round number 1.645, but instead you have targeted a little below 1.65. Where you targeting H1 and H4 obvious resistance area?

As for me choosing SL, direction etc. is comparatively easy, the biggest difficulty is appropriate targets. When a trade is entered, the probability to reach closest round numbers is high, but how do you know it will smash through two closest round numbers and will almost reach the next round number?

Also I see that you don't post your SL on all those 4 trades on GU, I guess by now SL is something obvious, and not needed to discuss?
Besides, your first entries are before London Open, so to trade during London Open hours is also not a strict rule? I live in Asia, so it would be convenient to start trading earlier than LO, otherwise my trading starts at 3 p.m.

Thank you!

And since it is my first post in the thread I express my appreciation to Sonic, tradeathome (you) and other who contributed!

Julius
  • #63,892
  • Jan 8, 2014 7:08pm Jan 8, 2014 7:08pm
AUD/JPY

Looks bearish IMO. We'll see what happens.
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Take what the market gives you.
  • #63,893
  • Jan 8, 2014 7:28pm Jan 8, 2014 7:28pm
Quoting traderathome
AUD Comment In just under four hours from now there will be two high impact AUD releases. Aussie pairs might see some decent subsequent PA. In the case of AU (below), the market makers have repeatedly taken the price back down to the whole number area, and this might have happened because they are accumulating long orders which they will sell back into the market for a profit once people see the bull running and start submitting long orders. {image}
CNY high impact data in 2 min
  • #63,894
  • Jan 8, 2014 10:08pm Jan 8, 2014 10:08pm
We have mega news for GBP coming out...

DO not overexpose guys...


Sonic
  • #63,895
  • Jan 8, 2014 11:08pm Jan 8, 2014 11:08pm
Quoting traderathome
{quote} AJ Short Trade Update: Added short #11, Scout. {image}
AJ Short Trade Closed:

Manually closed all trades for 440 pips gain. It has been more than 4 hours since the AUD high impact release, and nothing much has happened except the price has been whipped down, up and down in a small range during this Asian session. Ok, so the MMs are working the price but I am uncertain if they are accumulating long orders or short orders, so I decided to close the trade for the profit that existed.
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  • #63,896
  • Edited Jan 9, 2014 12:10am Jan 8, 2014 11:41pm | Edited Jan 9, 2014 12:10am
Quoting juliuy
{quote} I am still on page 51, so I am not sure if I have the right to ask questions But I am also trying to follow new posts and one thing that is the mystery for me now, is how do you decide on TP targets? Like in this GU trade. The closest target was 1.6425 then more round number 1.645, but instead you have targeted a little below 1.65. Where you targeting H1 and H4 obvious resistance area? As for me choosing SL, direction etc. is comparatively easy, the biggest difficulty is appropriate targets. When a trade is entered, the probability...
juliuy,

First of all, welcome to the Sonic R. System.

Now, regarding my TP on the GU trade. I set the TP for 60 pips gain from the average of my entries. This put the TP just below RDH and also in the area DR2. It seemed a good location for the day.

The Sonic R. System is trading price action with regards to S&R, and a bit of volume thrown in. Hence, the essence of setting a TP is to see where price has consolidated in the past, and pick from those areas what one you think most likely to be reached, given the current state of the mark.

As for my SLs not appearing, you are new so you don't know this, but I am infamous for not setting a "hard" SL. So far as I am concerned, setting a hard SL is just giving legal permission for the market makers, and even your own broker, to "steal" your money when your SL price is momentarily hit during a price move. Why would you do that? Why would you so easily give these thieves such permission? If you are unsure of the trade, get out of it. But you decide when to close the trade. Don't let the thieves in the market decide that for you. This is how I see it. Of course, I am also infamous for letting trades run a great distance against me, and that has been costly at times. Don't let that happen to you. For the primary pair EU, Master Sonicdeejay recommends a wide SL, but not to exceed 100 pips or so.

It is recommended to enter trade setups only during the London session, when higher overall trading levels make for better momentum for a trade. Asian session setups have been notorious for not going far, and even quickly reversing. You have to be careful when trading the market during times when trading levels are lower. It is at those times much easier for the Market Makers to manipulate prices, meaning they can more easily suddenly spike price against your trade, or even start a mini-trend opposite your trade that might continue into the early part of the London session. Just be aware that good looking setups are like racing cars; it is not how good they look that count, but how well they run.

-tah
  • #63,897
  • Edited 12:18am Jan 9, 2014 12:06am | Edited 12:18am
Quoting sonicdeejay
We have mega news for GBP coming out... DO not overexpose guys... Sonic
Another GU Comment

Is it just a coincidence that the three highest activity M15 TFs yesterday were all when the price was whacked; when it was spiked a good distance to get it below the lower whole number for a short bit of time, and a couple of times when it was below the half number and reaching lower below?

These are PVSRA indications the MMs are bulls. But, time will tell. So let's see what happens what with the several GBP high impact releases coming in about six hours. This is time for the thieving Market Makers to coax more longs in, so they have more longs to stop out later, if and when they go on a liquidity creation drive to fill their own long orders at the lower prices they'll create.

So, what am I saying? I'm saying the odds look good for a resultant bull move, but be patient because the MMs might keep upwards pressure on the price to create anxiety for traders to jump in before price difts too high, while sneakily planning to whip the price back down later for their own entries. They might, and easily could, whack the price back down to the PVT, or even lower. This is conjecture, of course. The fact is that we cannot ever know just how the price will move next.

What Sonic might be saying is, "....to early to long or short..."

-tah
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  • #63,898
  • Jan 9, 2014 1:09am Jan 9, 2014 1:09am
Quoting sonicdeejay
We have mega news for GBP coming out... DO not overexpose guys... Sonic

On Forex Calandar, I see 3 high impact news. But when I check further, I would say only one possible high impact news, because of the following:
- Asset Purchase Facility has been 375B for the last 5 months, and I doubt it will change now
- Official Bank Rate has been 0.50% for the last 5 months, and I doubt it will change now
- MPC Rate Statement is the only variable, but there is no time allocated for this
  • #63,899
  • Jan 9, 2014 1:22am Jan 9, 2014 1:22am
Quoting Avenger999
{quote} On Forex Calandar, I see 3 high impact news. But when I check further, I would say only one possible high impact news, because of the following: - Asset Purchase Facility has been 375B for the last 5 months, and I doubt it will change now - Official Bank Rate has been 0.50% for the last 5 months, and I doubt it will change now - MPC Rate Statement is the only variable, but there is no time allocated for this
Well, you ought to know by now how "news" affects the market.

News about a change for the better might cause prices to actually drop a bit. News about a change for the worse might cause prices to actually rise a bit. And news about little-to-no change at all might really piss of the Market Makers and cause them to whipsaw the price 200 pips in both directions!

-tah
  • #63,900
  • Jan 9, 2014 2:27am Jan 9, 2014 2:27am
Nice stop hunts??

Time will tell..


Sonic
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