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Sonic R. System

  • #65,181
  • Feb 6, 2014 10:06am Feb 6, 2014 10:06am
Quoting sonicdeejay
{quote} It is an honor to be with you on my side..professor.. Sonic {image}
Our H4 chart look so different.
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  • #65,182
  • Feb 6, 2014 10:09am Feb 6, 2014 10:09am
Quoting sonicdeejay
{quote} It is an honor to be with you on my side..professor.. Sonic {image}
My Dear Friend Sonic,

Thank you. I consider the fortune mine, to have been invited to your thread, to have witnessed your trials and tribulations proving you are human just like the rest of us, to have been chastised by you (and by others), and to have stayed the course with you and all the other growing Sonicers of the Realm.

I consider the Sonic R. System thread to be the most wonder place to be as a trader. It is my home. I am indeed, a trader at home!

Thank You, Master,
-tah
  • #65,183
  • Feb 6, 2014 10:17am Feb 6, 2014 10:17am
Quoting akyong
{quote} Our H4 chart look so different. {image}
Sonic's chart is the same as yours. He just has it squished/squashed/flattened out more than you do.
  • #65,184
  • Feb 6, 2014 10:19am Feb 6, 2014 10:19am
Quoting akyong
{quote} Our H4 chart look so different. {image}
Nial explain
http://www.learntotradethemarket.com...k-close-charts
  • #65,185
  • Feb 6, 2014 10:23am Feb 6, 2014 10:23am
UCad Comment

For any Sonicers trading UCad short, and possibly following my own trade, I have set a TP. It is generous and might be unrealistic for this week, but I will leave it until I see more PA tomorrow.
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  • #65,186
  • Edited 10:45am Feb 6, 2014 10:31am | Edited 10:45am
Quoting FXRobert
{quote} Nial explain http://www.learntotradethemarket.com...k-close-charts
Note that he qualifies his recommendation for NY close charts as something best for his trading methods.

The simple fact is that whole and half number "Levels" (a feature of our SonicR Control Panel) are the most important S&R in the currency market. And a trader can be successful making entries and exits in and around these levels. Pivots are not required. Special time zone based charts are not required. Just wait for a Sonic R. System Classic setup that puts EP near a whole or half number Level, and look for a reasonable TP that is also near a whole or half number Level. If you doubt this as being factual (which greatly simplifies things), all you have to do to confirm it is to analyze inter-day price swings of any forex pair on a D or H4 chart and see where the trends/inter-day swings reverse. It most frequently happens in the area of whole or half numbers.

Scalping might be different, but then the trader is on M15 - M1 charts, which are the same for all brokers.
  • #65,187
  • Edited 11:05am Feb 6, 2014 10:33am | Edited 11:05am
Here's the other view on UCAD.

Attached Image (click to enlarge)
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Monthly Breakout

MM are loading up shorts on CAD (and EUR).

Edit: Bar has turned red, confirmed to start loading buys after bar closes.

cheers.
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  • #65,188
  • Feb 6, 2014 10:35am Feb 6, 2014 10:35am
Quoting traderathome
{quote} Note that he qualifies is recommendation for NY close charts as something best for his trading methods. The simple fact is that whole and half number "Levels" (a feature of our SonicR Control Panel) are the most important S&R in the currency market. And a trader can be successful making entries and exits in and around these levels. Pivots are not required. Special time zone based charts are not required. Just wait for a Sonic R. System Classic setup that puts EP near a whole or half number Level, and look for a reasonable TP that is also...


How always splendidly You explain
  • #65,189
  • Feb 6, 2014 10:40am Feb 6, 2014 10:40am
Traderathome, you are shorting the USDCAD pair, and at the same time you also say that probably the MMs are loading shorts in the EUR/USD too. I also have the same views as you. But then I wonder ... If the NFP turns out better than expected, favouring the USD, shouldn't the USDCAD go up and the EURUSD go down??

Thanks in advance
  • #65,190
  • Feb 6, 2014 10:45am Feb 6, 2014 10:45am
Quoting Carlicus
Traderathome, you are shorting the USDCAD pair, and at the same time you also say that probably the MMs are loading shorts in the EUR/USD too. I also have the same views as you. But then I wonder ... If the NFP turns out better than expected, favouring the USD, shouldn't the USDCAD go up and the EURUSD go down?? Thanks in advance

he also says that MM's are manipulating the price more... so if does do that, it could also have a sharp down on USDCAD
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  • #65,191
  • Feb 6, 2014 10:47am Feb 6, 2014 10:47am
Quoting Carlicus
Traderathome, you are shorting the USDCAD pair, and at the same time you also say that probably the MMs are loading shorts in the EUR/USD too. I also have the same views as you. But then I wonder ... If the NFP turns out better than expected, favouring the USD, shouldn't the USDCAD go up and the EURUSD go down?? Thanks in advance
ahah, isn't this the problem with such frivolous chart reading. You can always find clues to support your case, but without any proper testing you can never be sure they are an edge. Maybe the real edge in this trading here is simply spreading your entries and following the trend lol. If you take all the volume candles off the chart, you can probably do the same by just spacing your entries out and buying whenever price goes up in a downtrend and selling for the reverse; and when you get a catastrophic move against you just close out at the end of the week.
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  • #65,192
  • Feb 6, 2014 10:59am Feb 6, 2014 10:59am
Quoting Carlicus
Traderathome, you are shorting the USDCAD pair, and at the same time you also say that probably the MMs are loading shorts in the EUR/USD too. I also have the same views as you. But then I wonder ... If the NFP turns out better than expected, favouring the USD, shouldn't the USDCAD go up and the EURUSD go down?? Thanks in advance
I am a firm believer in remaining isolated from everything except the chart of what I am trading. Forget "DJIA" and "SPX". Forget content of "news" and "releases". Forget movements of "related" pairs. Forget it all! Just stay glued to the chart of what you are trading, because that chart tells you what you need to know. Anything but the chart can be misleading. Not only "can be", but usually is, and intentionally!

Sometimes "related" pairs move opposite. Remember, pricing in the forex market is largely based on what the Market Makers scheme it to be, and they can intentionally scheme pricing of "related" pairs to start moving in an "unrelated" way in order to advantage their accumulation of positions by confusing, deceiving, triggering wrong side orders and stopping out right side positions. The forex market is the rigged roulette wheel owned and operated by the Market Makers and their purpose is profits. That means stealing your money away from you. So, go ahead and believe "related" pairs should be moving in a "related" way. They probably will again, but after the MMs have taken your money away from you.
  • #65,193
  • Feb 6, 2014 11:15am Feb 6, 2014 11:15am
Quoting traderathome
{quote} I am a firm believer in remaining isolated from everything except the chart of what I am trading. Forget "DJIA" and "SPX". Forget content of "news" and "releases". Forget movements of "related" pairs. Forget it all! Just stay glued to the chart of what you are trading, because that chart tells you what you need to know. Anything but the chart can be misleading. Not only "can be", but usually is, and intentionally! Sometimes "related" pairs move opposite. Remember, pricing in the forex market is largely based on what the Market Makers scheme...
It's so so so true TAH.
  • #65,194
  • Feb 6, 2014 11:21am Feb 6, 2014 11:21am
Tah is super star on bigger polish forum.

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  • #65,195
  • Feb 6, 2014 11:22am Feb 6, 2014 11:22am
Quoting traderathome
{quote} Forget content of "news" and "releases". Forget movements of "related" pairs. Forget it all!
I agree with everything you said but this point but......

I agree you need to forget them as an 'indicator', but if you are setting up trades before a news or release and are not 'aware' of them you can get royally pooched..
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  • #65,196
  • Feb 6, 2014 11:28am Feb 6, 2014 11:28am
Quoting traderathome
{quote} I am a firm believer in remaining isolated from everything except the chart of what I am trading. Forget "DJIA" and "SPX". Forget content of "news" and "releases". Forget movements of "related" pairs. Forget it all! Just stay glued to the chart of what you are trading, because that chart tells you what you need to know. Anything but the chart can be misleading. Not only "can be", but usually is, and intentionally! Sometimes "related" pairs move opposite. Remember, pricing in the forex market is largely based on what the Market Makers scheme...
I also think that it is better to focus just on charts, because charts include all the information you need. However some data releases are to be taken into account because of the volatility associated to them. I just wanted to know your opinion, because i like the way you trade and the effort you are putting in this thread (thanks a lot for that). So if I didn't get you wrong, what you mean is that the NFP datum is irrelevant regarding the main direction of the movement for both pairs. I agree with you in that.

However, my question was focused on the intraday effects of the news, and the long candle that the NFP is probably going to produce. But i totally agree with you that whatever the NFP figure is, both pairs (EurUsd and UsdCad) are looking bearish to me. I am considering two scenarios:

  1. If the NFP is good, then EurUsd will go down in a bear run for profits, but UsdCad will go up for loading more shorts
  2. If the NFP is bad, then EurUsd will go up for loading shorts and the UsdCad will go down in a bear run for profits

Surely i'll be wrong and none of these will happen haha

  • #65,197
  • Feb 6, 2014 11:33am Feb 6, 2014 11:33am
Quoting eaymon
{quote} I agree with everything you said but this point but...... I agree you need to forget them as an 'indicator', but if you are setting up trades before a news or release and are not 'aware' of them you can get royally pooched..
Yes, and that is why the SonicR indicators includes the SonicR FFCal Panel that is specially coded to give advance notice of important releases, weighted in favor of the High Impact releases.
  • #65,198
  • Feb 6, 2014 11:36am Feb 6, 2014 11:36am
Quoting Carlicus
{quote} I also think that it is better to focus just on charts, because charts include all the information you need. However some data releases are to be taken into account because of the volatility associated to them. I just wanted to know your opinion, because i like the way you trade and the effort you are putting in this thread (thanks a lot for that). So if I didn't get you wrong, what you mean is that the NFP datum is irrelevant regarding the main direction of the movement for both pairs. I agree with you in that. However, my question was...
Change your choices and you won't be wrong:

1. If the NFP is good the prices of everything will go however the MMs know it will screw others the most.
2. If the NFP is bad the prices of everything will go however the MMs know it will screw others the most.

It is quite simple, really.

We cannot know how price will move next, nor when trends will reverse. We can, thru a competent PVSRA, understand what the MMs are doing. That, and overall PA, determines our bias which we hold together with a healthy respect for the price manipulations that might be instigated by the MMs so they can accumulate more positions ahead of any big moves they have planned.
  • #65,199
  • Feb 6, 2014 11:41am Feb 6, 2014 11:41am
Quoting traderathome
{quote} Change your choices and you won't be wrong: 1. If the NFP is good the prices of everything will go however the MMs know it will screw others the most. 2. If the NFP is bad the prices of everything will go however the MMs know it will screw others the most. It is quite simple, really.
lol.... love it...
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  • #65,200
  • Feb 6, 2014 11:52am Feb 6, 2014 11:52am
Quoting shellsnail
{quote} I was just kidding with that comment lol, clearly he didn't have any intention of actually trying to 'figure it out' and was just speculating for the sake of it so I was just 'informing' him that there's even MORE than the NFP. Don't you get the comedic effect of that? Brush up on your critical reading skills and maybe you will garner some respect.
I'm sorry but i agree with traderathome, it sounded quite a bit sarcastic, like trying to make fun of me, and I was only trying to share my thoughts in order to gain some knowledge and listen to what other people thinks. Anyway, just having a look at the calendar anybody can see there are many more news apart from NFP, but I think that most people agree that NFP is the one who produces more volatility.
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