Sonic R. System

Enterd 4 shorts EU while PA was going up earlier. Had no time to post....we'll see

AU H&S is In Play

After the approximately 2x average day range move up yesterday, this could go into a retrace. At least, that would be a reasonable anticipation. But then, the 2x average range move was not reasonably anticipated, so why would a "reasonable retrace" be anticipated?

This just goes to show that we cannot know how price will move next, nor when trends will reverse. And we shouldn't think that we can know.

So, here we are, confronted with a valid inverted H&S formation, with price seemingly ready to proceed upwards, and with multiple USD high impact releases coming today!

One thing we can see from this chart is that there is no need to be frantic about what happens. There is plenty of pips to be made here, so worrying about where to enter is a waste of time and energy. Today will be whatever it will be, and we can be relaxed about waiting to see how things go. If this happens, it is not going to all happen today. There is next week, and the week following.....plenty of time and opportunities to partake if things go in this manner.

The first thing the Asian session MMs have done is to move the price lower, a move involving increasing activity the lower the price went (look at your own M1 chart). Now, ask yourself what you would prefer, higher or lower prices, if you were getting ready for something like this H&S formation to move to completion over days and weeks ahead? Your answer would be that lower prices at which to accumulate long orders would be preferred. This could be the reason for the early move down, and could be a reason not to be surprised if more down side movement is made to happen. This is Friday and prices have already been pumped above RWH.

-tah

The Impending & Inevitable Global Financial Crisis
I agree we are in store for something big, not only is the S&P freakishly over-extended, all prices are above what they should be thanks to the FED printing so much damn money through 'quantitative easing' and keeping interest rates at rock bottom, thus as a result fueling these asset price bubbles to occur....But unfortunately for us knowing the timing of this is anyones guess, this has been going on for years now..one thing we can know though is when shit does hit the fan, its going to be twice as bad as the 08 crisis, likely resembling the 1930s depression, and is undoubtedly going to be the biggest redistribution of wealth from the poor to the rich in recent history..I suppose though that being said, when this all does happen it will be a one-way ticket down instead of a one-way ticket up we've been on, which should give us traders some nice opportunities to bottom feed from these very banks we despise like vultures.
The way I see it, the market is so fragile right now standing a stacked house of cards swaying in the wind, any day now we could see this happen. For the sake of every other person out there I hope this crisis happens this year, every day that goes past we don't hear anything about it, the more suffering people are going to have to live through..

"I post the way I know to do it, with humility and respect for everyone. If something is not understood in my posts I am ready to clarify, when someone asks me." - elcurioso

This is NOT the way this thread has become so popular, and so useful to so many! We don't post "the way we know how" and wait for readers to ask questions that could have been avoided! There are thousands of readers! And many don't ask questions because they are too busy. So, lousy posts are skipped over and represent just clutter on this thread.

elcurioso, this thread of Sonic's is the text book for the Sonic R. System. Right from the start you can see how Sonic attempted to make very clear EPs, TPs and SLs. It is fundamental to this thread that posted trades be posted very well annotated. "I post the way I know how to do it." is what, an excuse to not conform? If you are intelligent enough to trade, then you are intelligent enough to conform for the benefit of everyone that reads this thread.

Personally, I would think anyone with respect for Sonic and this text book of the Sonic R. System would bow to become part of the Team, and would put the extra work into posts as required, as so many others do out of appreciation for this thread.

All Sonicers are reading this exchange between you and I. I have bent over backwards for years, labored for years here to help Sonic create a pleasing text book of the Sonic R. System. Many have come here not only because of the time this system has existed, but because I and others here have labored to present quality posts of trades (winners and losers) for this text book.

I have asked you nicely to put a little extra work into your posted trades. If you think they are worth posting, then they should be worth the little extra time it takes to post clearly and to follow up on them clearly, as per the convention on this thread to help make this thread a better text book to help others now, and into the future. I am sure there isn't a dedicated Sonicer here that disagrees with me. If there are any that disagree with me, that think your posts are adequately annotated and followed up on for this text book, they are welcomed to speak in your defense.

I am sure you have a lot to offer. So why not spend a bit more time on the quality of your posts to improve their usefulness to everyone here?

-tah

EG

Scout short entered.

SL 9pips
TP 150pips

No finnish spaghetti on this chart

elcurioso,

If you put just a fraction of the time into more clearly annotating your posted charts of trades and following up on them, as you do in trying to justify not doing so, your contribution to this thread would greatly improve.

-tah

Hi guys

Im a newbie on this thread and as hard as some of the above post sounds i agree with it ....your charts speak more than words...so if it was all said on the chart or most of it there would be a 1000 words less spoken......also teaching others ensures we hold ourselves accountable so everyone benefits.....we love you elcurioso


Rgds
L&M

oh this was nice entry. but I missed it because i was read the stupid blahblah of elcurioso. elcurioso stop please and stay to technical!

JRissa may you please tell me what was your reasons/trigger to enter short at this point?

I agree with TAH on this debate. I am a newbie to this thread - I watch this forum closely every day in order to learn the Sonic R methodology. I mainly follow the posts of the high impact traders such as TAH, Sonicdeejay, Loeil & JRissa, all of the 'senior' medium impact posters and those that post charts that use the Sonic R template or resemble it closely. I tend to skip over anything else, due to the volume of information that is presented here at times, and I've noticed that I've been spending more and more time 'skipping posts' recently when I visit this thread each morning. I am only here to learn Sonic R methodology mostly, but obviously I cannot speak for others. I wouldn't skip over the posts of traders such as Elcurioso if they chose to use Sonic R templates (or similar) with correct annotations according to those specified by TAH. Having said that, I do feel that Elcurioso may have something valuable to offer, based on the few posts of their's that I have read in the past.

I see nothing wrong with providing alternative opinions or interpretations of the data since some of it may be useful enough to evolve the Sonic R system in the future; having said that, I strongly feel and would prefer to see that they are expressed within charts the are aligned closely with the Sonic R templates, together with annotations etc that we have all taken much effort and time to learn.

Added short #5 to EU near RWH and trading in strong supply zone. No hard stop or TP yet! Contrarian thinking as EU in strong up move and yes I know it's a little sick Ready for DD's untill ?

EU

Short trade opened scout #1. Sell limit in place acting as pending scout #2

No SL, TP at 1.362..

JRissa, Hope your right

"Added short #5 to EU near RWH and trading in strong supply zone. No hard stop or TP yet! Contrarian thinking as EU in strong up move and yes I know it's a little sick Ready for DD's untill ?"

In fact my first trade did hit SL... Own fault. I did apply trendline wrongly on chart.

Here is what I see and I see PVSRA action ricing sharply when hitting this level.

EG

Entered short scout #1 again.

No SL, no TP yet. Expecting some more upwards movement, but don't wanna miss this move, so scout it is

GU

Here we go long again

Scout long #1

No SL, TP at 1685..

Aiming those stoplosses above RDH

any advice to AU`?
(regarding HandS posted from TAH)

USDCHF

Starting to build long again.

Pending buy limit set at 0.8750

Eu reached target, that 40 pips up which I was expecting from yesterday, now there is weakness showed up

Hey Sonicers,

I apologize for the lack of updates on my own trading. I decided to take this week to make sure I have nailed down all the principles, so I can better share my Sonic trades with the community. Trading has been going well to say the least!

Currently, I'm looking at UJ. The exhaust bar which defines the current consolidation closed strongly, showing not much high volume selling was going on during that move up. Furthermore, there seems to be increased buying going on at the bottoms right beneath a whole number. I will add to my position as price lowers.

EU - short.

Volume almost disappeared after yesterday's rally and now some high activity by MMs. I'm considering this as a weakness.