Sonic R. System | Page 3328 | 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

  • #66,541
  • Edited 10:34am Mar 2, 2014 8:55am | Edited 10:34am
Quoting hansma
{quote} Or more important know how price most often moves, ie when it does not make any new highs - it often tends to pullback to the origin or source for the upmove before finally breaking the last high if it will go further up. Reverse for shorts Regards H patiently for my entry zone {image}

Hansma,

Of course your post is correct and the PDF's contained many examples of charts and explanations using S/R and levels. Just attempting to emphasize ( with a bit of humor) the importance for the new traders to this thread to do their homework prior to posting the many questions here that have been answered many times distracting from posts that offer great learning experiences.
Keep It Simple
  • #66,542
  • Edited 9:50am Mar 2, 2014 9:20am | Edited 9:50am
Quoting hansma
{quote} Or more important know how price most often moves, ie when it does not make any new highs - it often tends to pullback to the origin or source for the upmove before finally breaking the last high if it will go further up. Reverse for shorts Regards H patiently for my entry zone {image}
LEVELS

Another way to state this simply is to say that if price is to continue what could become a new uptrend, it should pull back to some support before continuing on to some higher resistance, and that the major S&Rs in the entire process of price action are always the whole number and the half number LEVELS.

In this case, what might in the future be confirmed as the area of the trend reversal is a whole number (green). Above that is a previous support area, which as price moved up, the MMs rammed the price thru (to keep earlier longs that went thru an ordeal at the bottom, from bailing out and creating selling). Then price attained another previous S&R area and stopped and began a retrace. The obvious retrace lows will be the second S&R half number support area up on the chart. After that, if price continues trending up, the next truly obvious S&R, after breaking out the third green area up on the chart, is the half number LEVEL shown (red).

It is all about LEVELS. It has always been that way in every market since they were created. Oh sure, prices tend to fregquently undershoot and overshoot, but you can always see the importance of whole LEVELS and half LEVELS by doing this with any pair in the forex market and anything else in any other market.

Hansma's chart clearly shows a reasonably anticipated PA pullback/retrace for an assumed continuation of an uptrend. The chart with LEVELS adds information that helps define and make sense out of the levels for bases, targets, retraces, breakouts and new targets.
Attached Image (click to enlarge)
Click to Enlarge Name: mar 2014 - 001.png Size: 59 KB
Attached Image (click to enlarge)
Click to Enlarge Name: audusddaily-paint.png Size: 49 KB


In a manner of speaking, if a trader could be certain of the trend, simply placing entry and exit orders at what look to be appropriate whole and half number LEVELS, based on history, would be sufficient to be extremely profitable. The problem is in being certain of the trend. In this case, PA might trend up, and the chart would then show an inverted H&S pattern with a target about 50 pips higher than the target shown. On the other hand, PA might continue on down to form a Double Bottom on the chart. Therefore, a bounce at the 0.8850 area could appear to forecast a long move, but it would have to be watched like a hawk in case it becomes a Head Fake that precedes a run back down to the 0.8700 base area.

As you can see from the chart, we cannot know how price will move next, nor when trends will reverse. But as Hansma points out, we can mark the S&R areas that price could move to if it heads in that direction.
Attached Image (click to enlarge)
Click to Enlarge Name: mar 2014 - 002.png Size: 63 KB
  • #66,543
  • Mar 2, 2014 11:27am Mar 2, 2014 11:27am
Quoting traderathome
{quote} LEVELS Another way to state this simply is to say that if price is to continue what could become a new uptrend, it should pull back to some support before continuing on to some higher resistance, and that the major S&Rs in the entire process of price action are always the whole number and the half number
Totally agree that once price comes into a zone or level - it needs to be watched like a hawk.

However with my EU trade I also watched for a good period of time before pulling the trigger ( no new highs ) and excited before what
I saw as an possible s/r flip area ( green line ) The Candle with the red line and X was the target.

Patience is the key.

Regards

H
Attached Image (click to enlarge)
Click to Enlarge Name: eurusdh4.png Size: 57 KB
"The future is already written in the past"
  • #66,544
  • Mar 2, 2014 12:04pm Mar 2, 2014 12:04pm
Quoting thvi
{quote} Hi! Very nice! It will be good rooting for it to succeed! EA to share, free of charge? Many pips to you!
No EA, all manual LIMIT trades.

Thanx for pips!
There is no spoon....
  • #66,545
  • Mar 2, 2014 12:06pm Mar 2, 2014 12:06pm
F**ng war staring, trade lightly.
There is no spoon....
  • #66,546
  • Mar 2, 2014 12:34pm Mar 2, 2014 12:34pm
For those traders who have positions open over the weekend you may end up being bruised depending on which side of the currency market you are sitting on based on the political turmoil in Russia.

Dubai / Sydney have already experienced this.

Good luck any way.

Please refer to the link below

http://www.bloomberg.com/news/2014-0...s-to-gold.html
  • #66,547
  • Edited 4:43pm Mar 2, 2014 4:09pm | Edited 4:43pm
Closed EU short from Friday +29.9 on Sunday Sydney open gap down
Attached Image
other 2 are from late Friday (+13.4 short +5.7 quick buy hedge scalp)
Attached Image (click to enlarge)
Click to Enlarge Name: eurusdim15.png Size: 84 KB
Keep It Simple
  • #66,548
  • Mar 2, 2014 4:21pm Mar 2, 2014 4:21pm
Quoting sonicdeejay
GU looks toppish.. Sonic {image}
Lovely.. gap..Sonic
Attached Image (click to enlarge)
Click to Enlarge Name: FlashAnnotate.jpg Size: 665 KB
  • #66,549
  • Mar 2, 2014 4:48pm Mar 2, 2014 4:48pm
GJ:

Boy! This took a whacking! And so far, it looks like it is not retracing the gap. I think this is due to YEN strengthening, because other GBPxxx pairs do not show this sudden drop. EJ, does, however. Could be the start of trend reversal in YEN pairs?
Attached Image(s) (click to enlarge)
Click to Enlarge Name: mar 2014 - 003.png Size: 66 KB
Click to Enlarge Name: mar 2014 - 004.png Size: 65 KB
  • #66,550
  • Mar 2, 2014 4:52pm Mar 2, 2014 4:52pm
Quoting traderathome
GJ: Boy! This took a whacking! And so far, it looks like it is not retracing the gap. I think this is due to YEN strengthening, because other GBPxxx pairs do not show this sudden drop. EJ, does, however. Could be the start of trend reversal in YEN pairs? {image} {image}

TAH, You may want to check the News regarding Russia " Ukraine mobilizes after Putin’s ‘declaration of war’ entire region unsettled right now.
Keep It Simple
  • #66,551
  • Mar 2, 2014 4:54pm Mar 2, 2014 4:54pm
Quoting traderathome
GJ: Boy! This took a whacking! And so far, it looks like it is not retracing the gap. I think this is due to YEN strengthening, because other GBPxxx pairs do not show this sudden drop. EJ, does, however. Could be the start of trend reversal in YEN pairs? {image} {image}
thats classic i guess

Attached Image (click to enlarge)
Click to Enlarge Name: eurjpym153march.png Size: 44 KB
Attached Image (click to enlarge)
Click to Enlarge Name: gbpjpym153march.png Size: 45 KB
  • #66,552
  • Mar 2, 2014 5:38pm Mar 2, 2014 5:38pm
Quoting traderathome
Gold: This could be starting a new leg down in the WEEK chart down trend, a down trend which is very much still intact although price has bounced and has now formed a range at the bottom of this down trend. H1 shows the top of this range, which are the highs on the chart. There was quite a sell-off from these highs, and now price has formed an inclining channel. The most notable volumes in this channel are where the gold price manipulators pushed the price back up to the half number area (mostly just below it). So, if price again is hiked by the...
Gold:

Here it is the anticipated hike.....

And the Talking Heads for the big banks that have been manipulating prices are back at it again, more bull shit,.....filling people's minds with expectations of rising prices, so they will become buyers to provide the liquidity for the big banks to load up shorts again:
http://www.bloomberg.com/news/2014-0...mmodities.html
Attached Image(s) (click to enlarge)
Click to Enlarge Name: mar 2014 - 005.png Size: 80 KB
Click to Enlarge Name: mar 2014 - 006.png Size: 76 KB
Click to Enlarge Name: mar 2014 - 007.png Size: 53 KB
  • #66,553
  • Mar 2, 2014 5:50pm Mar 2, 2014 5:50pm
Quoting jasakreatif
{quote} GU , pinbar could make trouble but high red Vol anyway , let see what CHINA bring {image}
GU , classic wave and rising red vol

Attached Image (click to enlarge)
Click to Enlarge Name: gbpusdm15march3.png Size: 45 KB
  • #66,554
  • Mar 2, 2014 6:49pm Mar 2, 2014 6:49pm
aussie , classic wave and rising down Vol

Attached Image (click to enlarge)
Click to Enlarge Name: audusdm15march3.png Size: 43 KB
  • #66,555
  • Mar 2, 2014 7:28pm Mar 2, 2014 7:28pm
GU:

You can see that Friday the MMs in both the early London session and the early US session hiked the price to close longs, and maybe to open shorts, although the latter might be something they will be more focused on this week. So, in spite of the gap down, it might not be unreasonable to suspect these MMs will re-hike the price for shorting.

There is a GBP high impact release in about 8 hours, which could start things off. If the MMs hike the price back above the half number LEVEL (and maybe up towards DR1/the 3/4 LEVEL), that might be a decent place to consider a short entry. Or, wait for a Classic short setup to follow at some point.
Attached Image (click to enlarge)
Click to Enlarge Name: mar 2014 - 008.png Size: 66 KB
  • #66,556
  • Mar 2, 2014 8:25pm Mar 2, 2014 8:25pm
Quoting jasakreatif
{quote} GU , classic wave and rising red vol {image}
yea , wave changing , but i keep it for Vol

Attached Image (click to enlarge)
Click to Enlarge Name: gbpusdm15march3b.png Size: 46 KB
  • #66,557
  • Mar 2, 2014 9:09pm Mar 2, 2014 9:09pm
AUD longs attractive at this level. Tomorrow is AUD big news and Dollar being weak as it has been, I think AUD USD has to go up.
Its all in the mind.
  • #66,558
  • Mar 2, 2014 9:43pm Mar 2, 2014 9:43pm
Quoting 5abi
AUD longs attractive at this level. Tomorrow is AUD big news and Dollar being weak as it has been, I think AUD USD has to go up.
I agree. But also with this Ukraine and Russia thing going on Gold is on the rise which usually sees the Aussie strengthen. Will be interesting to see.
  • #66,559
  • Edited 10:14pm Mar 2, 2014 9:53pm | Edited 10:14pm
Quoting 5abi
AUD longs attractive at this level. Tomorrow is AUD big news and Dollar being weak as it has been, I think AUD USD has to go up.
Or, the MMs will be hiking the price so as to have it nice and high before both the of the next USD and AUD releases, so they can whack it really good and make lots of money on their shorts.

But, you might be right. A Classic long setup might be worth taking for the short trip up to the "Happy Shorting Grounds".
  • #66,560
  • Mar 3, 2014 12:55am Mar 3, 2014 12:55am
Quoting traderathome
GU: You can see that Friday the MMs in both the early London session and the early US session hiked the price to close longs, and maybe to open shorts, although the latter might be something they will be more focused on this week. So, in spite of the gap down, it might not be unreasonable to suspect these MMs will re-hike the price for shorting. There is a GBP high impact release in about 8 hours, which could start things off. If the MMs hike the price back above the half number LEVEL (and maybe up towards DR1/the 3/4 LEVEL), that might be a decent...
GU:

With the GBP high impact still more than two hours away, the recent PA has been to lower the price, with highest activity at the lowest prices. This indicates buying. So, my suspicions are that the MMs will hike the price to their Happy Shorting Hunting Grounds, maybe before this release. And they are buying low now so as to make profits on the price hike.

This being said, if before or during the FO the price is whacked a bit more, I plan to venture into a long trade with the same intent. That intent is to make profit on the coming price hike to where the MMs will begin shorting, where I will close the long trade and open a short trade. Such is my plan. It depends now on getting a low price to buy.
Attached Image (click to enlarge)
Click to Enlarge Name: mar 2014 - 009.png Size: 56 KB
49 traders viewing now