Sonic R. System | Page 3216 | 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

  • #64,301
  • Jan 20, 2014 3:59pm Jan 20, 2014 3:59pm
Scouting before the NZ CPI
Attached Image (click to enlarge)
Click to Enlarge Name: cpi.png Size: 52 KB
  • #64,302
  • Jan 20, 2014 4:02pm Jan 20, 2014 4:02pm
Quoting hansma
UC first scout short H. {image}
Added to my shorts

H
Attached Image (click to enlarge)
Click to Enlarge Name: usdcadh1-added.png Size: 65 KB
"The future is already written in the past"
  • #64,303
  • Edited 6:37pm Jan 20, 2014 6:17pm | Edited 6:37pm
GJ short Trade Opened:

Entered shorts #1-6, Scouts. The first entry earlier followed PA hitting the drawn TL with notable volume and coming back down. The second entry, just made, follows PA again hitting the TL with notable volume. The third, also just made, followed the MMs suddenly pushing the price above MR1 on very light volume and then holding it up there while continuing to trade and hence, rapidly increasing the volume to end up as notable volume for the TF. The fourth was made as I waited to see if the immediate previous highs would be hit again. They were. The fifth entry was made as I waited to see if the MMs would continue with another push up on light volume to be followed by increased trading at the higher levels. The sixth entry was made as I put in a pending order at the half number area in case the MMs were intending to push the price to the larger TF TL drawn on H1. They did.

The PVSRA indications are that the MMs are bears most likely accumulating short orders as opposed to closing long orders. No TP at this time, though RWL is a candidate.

Time will tell, but this current push up thru the drawn TL could turn out to be the Head Fake that precedes a good drop in the price.
Attached Image(s) (click to enlarge)
Click to Enlarge Name: jan 2014 - 181.png Size: 74 KB
Click to Enlarge Name: jan 2014 - 182.png Size: 74 KB
  • #64,304
  • Edited 7:21pm Jan 20, 2014 6:53pm | Edited 7:21pm
Quoting traderathome
{quote} NJ Short Trade Update: Added shorts #10-12, Scouts, as the MMs worked the price on low volume back higher, following a strong sell off today. To me, it appears the MMs are resetting the price high to resume their accumulation of short orders. {image}
NJ Short Trade Update:

Added shorts #13-17, Scouts, since the last post. The three most recent additions follow the latest NZD high impact release, after which the MMs hiked the price back towards previous highs. It seems to me more that the push up is to achieve the upper whole number area to resume accumulation of shorts. Time will tell.
Attached Image (click to enlarge)
Click to Enlarge Name: jan 2014 - 183.png Size: 71 KB
  • #64,305
  • Jan 20, 2014 7:03pm Jan 20, 2014 7:03pm
Quoting traderathome
{quote} AN Long Trade Update: I've added longs #2-4, Scouts, as the Market Makers continued to push the price lower in their attempt to accumulate long orders that they will profit on once the bull run begins and long orders at higher prices start to come in for the Market Makers to fill. As you can see, the price low is below both RDL as well as RWL, which was a really good place for accumulating long orders. The throwback at the start of the US session is a whopping clue as to what is going to happen. No TP set at this time, but look at your H1...
AN Long Trade Update:

I've added longs #5-10, Scouts, since the previous post. This most recent is due to the MMs torpedoing the price following the recent NZD high impact release. They pushed the price below MS1. I interpret this as the MMs opportunistically pushing the price below a S&R level for the purpose of accumulating more long orders.
Attached Image (click to enlarge)
Click to Enlarge Name: jan 2014 - 184.png Size: 71 KB
  • #64,306
  • Edited Jan 21, 2014 12:10am Jan 20, 2014 9:02pm | Edited Jan 21, 2014 12:10am
Quoting traderathome
EU Short Trade Opened: Entered short #1, re-entry Scout on price retrace up above half number with notable volume (PVSRA) to area of previous support (chart left) maybe now turned resistance. The Dragon remains angled down, so does the Trend and the Dragon is below the Trend. Previously, all the notable volumes were for the Friday sell off from above the upper whole number. On this current retrace, the notable volume has only come in once higher prices were achieved (PVSRA) indicating the MMs are bears seeking higher prices to accumulate new short...
EU Short Trade Update:

Entered short #2, pre-LS Classic. Set TP 50 pips below average, just above whole number.
Attached Image (click to enlarge)
Click to Enlarge Name: jan 2014 - 185.png Size: 64 KB
  • #64,307
  • Edited 9:46pm Jan 20, 2014 9:31pm | Edited 9:46pm
Quoting traderathome
{quote} AU Long Trade Update: I have added longs #2-5, Scouts, as the Market Makers continued to work the price back to the lower S&R area, not knowing exactly when the push down would cease. No TP set at this time, but it is a pretty sure bet the price will return to at least the 0.9050 level. If the MMs return the price below the 0.8900 whole number, I intend to add another long Scout. {image}
AU Long Trade Update:

Since the previous post, I have added longs #6-15, Scouts. The current Scout is added because after running the price up towards MR1, the MMs have pushed the price back down into a "local" S&R area, where shown on the M1 chart the activity began to increase, indicating the MMs remain bulls that at times are adding longs to the extent of driving price up and then manipulating the price back down to resume adding longs.

My TP remains 200 pips above my average because I am of the mind that a bull swing of at least 300 pips off of the lows might be in the making.
Attached Image (click to enlarge)
Click to Enlarge Name: jan 2014 - 186.png Size: 73 KB
  • #64,308
  • Jan 20, 2014 10:52pm Jan 20, 2014 10:52pm
hi , I am new around
bother to ask is it sonic way all counter trend, does not seem using the way descibed in post 1 in recent posts
thanks
patience is a virtue
  • #64,309
  • Jan 21, 2014 12:08am Jan 21, 2014 12:08am
NZDJPY scouts longs closed after I get my profit
Attached Image (click to enlarge)
Click to Enlarge Name: nzdjpym15.png Size: 88 KB
  • #64,310
  • Jan 21, 2014 12:13am Jan 21, 2014 12:13am
EURJPY scouts longs closed after I get my profit.
Too late close - I sleep

Attached Image (click to enlarge)
Click to Enlarge Name: eurjpyh1.png Size: 94 KB
  • #64,311
  • Jan 21, 2014 12:15am Jan 21, 2014 12:15am
Quoting traderathome
{quote} EU Short Trade Update: Entered short #2, pre-LS Classic. Set TP 50 pips below average, just above whole number. {image}
EU Short Trade Closed:

Manually closed both trades for 17 pips gain. I am only guessing, but the MMs might work the price back up into the LS, maybe the US MMs too (coming off of a bank holiday),.....all before more serious downside resumes.
Attached Image (click to enlarge)
Click to Enlarge Name: jan 2014 - 187.png Size: 68 KB
  • #64,312
  • Jan 21, 2014 12:18am Jan 21, 2014 12:18am
NZDJPY scouts longs closed after I get my profit.
Attached Image (click to enlarge)
Click to Enlarge Name: nzdusdm15.png Size: 111 KB
  • #64,313
  • Edited 1:40am Jan 21, 2014 12:33am | Edited 1:40am
EU Short Trade Re-Opened:

Entered shorts #1-2, Scouts, and a bit later added shorts #3-6.

In the wake of closing my short trade and looking for the MMs to hike the price, they did. So I opened a new EU short trade right away with two Scouts, and will add more if they hike the price more.
Attached Image (click to enlarge)
Click to Enlarge Name: jan 2014 - 188.png Size: 68 KB


Edit: As the FO MMs continued the price hike, I added shorts #3-6. Now waiting to see what the LS open will do.
Attached Image (click to enlarge)
Click to Enlarge Name: jan 2014 - 190.png Size: 69 KB
  • #64,314
  • Edited 2:02am Jan 21, 2014 12:40am | Edited 2:02am
Quoting traderathome
GJ short Trade Opened: Entered shorts #1-6, Scouts. The first entry earlier followed PA hitting the drawn TL with notable volume and coming back down. The second entry, just made, follows PA again hitting the TL with notable volume. The third, also just made, followed the MMs suddenly pushing the price above MR1 on very light volume and then holding it up there while continuing to trade and hence, rapidly increasing the volume to end up as notable volume for the TF. The fourth was made as I waited to see if the immediate previous highs would be...
GJ short Trade Update:

Added shorts #7-11, Scouts. This push up turned out to be more than I suspected it might become. As it turned out, it was a good pre-LS Classic long, which I should have taken. Anyway, to me this still looks like a "put up job" by the MMs to get liquidity for adding shorts. If this is correct, there is a nice bear run for profits coming.
Attached Image (click to enlarge)
Click to Enlarge Name: jan 2014 - 191.png Size: 69 KB
  • #64,315
  • Jan 21, 2014 2:33am Jan 21, 2014 2:33am
UJ
Long trade opened and took profit.

Didn't have time to post while trade was going on, cause my boss keeps lurking behind me

Here's the trade in nutshell with explanations for your eyes to see and use in learning process.
Attached Image(s) (click to enlarge)
Click to Enlarge Name: UJ1M.png Size: 95 KB
Click to Enlarge Name: UJ1M_TP.png Size: 69 KB
Click to Enlarge Name: UJ1H.png Size: 80 KB
Click to Enlarge Name: UJ15m.png Size: 71 KB
I know the secret...
  • #64,316
  • Edited 4:58am Jan 21, 2014 3:15am | Edited 4:58am
UJ
Full rewerse

Short trade opened
Attached Image (click to enlarge)
Click to Enlarge Name: UJ1H.png Size: 93 KB

Attached Image (click to enlarge)
Click to Enlarge Name: UJ1M.png Size: 70 KB


Edit:
SL moved at BE
Attached Image (click to enlarge)
Click to Enlarge Name: uj1m_sl.png Size: 64 KB


Edit:
Continuation -> possibility to rewerse to long again
Leaving computer now and leaving trade run SL at BE
Attached Image (click to enlarge)
Click to Enlarge Name: UJ_ZONES.png Size: 79 KB



Edit:
Trade hit SL at BE
I know the secret...
  • #64,317
  • Jan 21, 2014 4:40am Jan 21, 2014 4:40am
EU - looks like long buildings there..
Attached Image (click to enlarge)
Click to Enlarge Name: eurusdm15.png Size: 22 KB
Whatever is obvious is obviously wrong!"
  • #64,318
  • Jan 21, 2014 4:45am Jan 21, 2014 4:45am
Quoting loeil
EU - looks like long buildings there.. {image}

Loeil What is your view about AU.. Are you still holding Longs
  • #64,319
  • Jan 21, 2014 4:58am Jan 21, 2014 4:58am
Back at Computer! UJ short trade hit SL at BE

UJ
Long trade opened.
Risky trade as there is higher timeframe trendline just above. Still, this is what PA tells me.
Attached Image (click to enlarge)
Click to Enlarge Name: UJ1M.png Size: 73 KB
I know the secret...
  • #64,320
  • Jan 21, 2014 4:59am Jan 21, 2014 4:59am
Quoting amilasbandar
{quote} Loeil What is your view about AU.. Are you still holding Longs
Of course I'm holding my longs. As you see, price just ranging at the moment and haven't left from accumulation area.
Attached Image (click to enlarge)
Click to Enlarge Name: audusdm30.png Size: 23 KB
Whatever is obvious is obviously wrong!"
43 traders viewing now