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Sonic R. System

  • #67,201
  • Edited 3:34pm Mar 12, 2014 3:21pm | Edited 3:34pm
Quoting traderathome
{quote} "Best" Entries There is no such thing. The purpose the MMs have is to move prices up and down to stop out right side traders and to trigger into the market wrong side traders, so they can create liquidity for themselves to add right side positions. Do the MMs worry about not having all their right side positions concentrated in the very best area? No, they simply add, add, add, add, add, add,.....sometimes over a range exceeding 100 pips. The MMs manipulate prices up and down all the time, and it makes a mockery of anyone trying to determine...

"The MMs manipulate prices up and down all the time, and it makes a mockery of anyone trying to determine and to obtain the "Best" entry. We cannot know how high or how low prices will go. We cannot know even how the price will move next."

Yes, and that's why most indicators and squiggly lines don't work used blindly absent a understanding of PVSRA
Keep It Simple
  • #67,202
  • Mar 12, 2014 3:24pm Mar 12, 2014 3:24pm
horrible to trade NU news. Not to mention my broker opens spread up to 25+ pips + slippage. I did it ones and never again.
Scan all 28 Forex pairs with ONE chart... Currency Strength28 Indicators
  • #67,203
  • Edited 5:08pm Mar 12, 2014 4:54pm | Edited 5:08pm
Quoting Bernhard
horrible to trade NU news. Not to mention my broker opens spread up to 25+ pips + slippage. I did it ones and never again.
Bernhard,

Yes, it's a bitch!

Sonicers don't trade "news".

We need to see what the MMs are doing. We cannot know how the price will move next. We might get some "clues" over the days, hours before "news", but we still cannot know anything for sure.

If you are bold, or maybe a bit deranged, jump in before "news" based on your "clues".

Otherwise, let the dust settle and see how things then stack up against the previous "clues".

After all that "hoopla" and "volume" the price went up less than 20 pips from the previous H1 chart high and also failed to achieve the previous DAY chart high. The previous "clues" were that the MMs were bears. Now the price is back in the "upper regions" where it is a good place to short (imho). Had the "news" been a genuine positive for the currency, do you think the price move up would have stopped where it did? If you think the MMs are bulls, do you think they'd have been so anxious for a run higher? Wouldn't anyone that was bullish want more of an opportunity to buy while prices were low? And who controls price? The MMs! And they couldn't wait to suck in shorters, then stop them out, and leave the price high for ongoing short building.

There was no need to trade during the "news" hysteria. There hardly ever is!
  • #67,204
  • Edited 11:25pm Mar 12, 2014 9:49pm | Edited 11:25pm
NU, and How the Liquidity Providing Banks Screw Traders

At this "rate of pump" it won't take the MMs much longer to achieve RWH and even the next whole number above! This could be their target area for "before, during, or after" the coming USD high impact releases.

I think everyone expected a final Pump-to-Dump, but this one is taking the cake.


A Lesson on Releasing Liquidity

There is a lesson to be learned by this price action, too. The liquidity providing banks are the Market Makers, as individual banks, but also as a single entity that results when these liquidity providing banks are by mutual agreement, connected together electronically (ECN: electronically connected network). These individual banks can therefore collude to move the price, with or without any stimulus to do so other than for their own mutual profit making.

And, it is so easy for them to so it, too. All they have to do is to take a single micro-lot and start selling it back and forth to each other, at higher and higher prices, or lower and lower prices, thereby working the price up (or down) thru all the price levels they want, until they get the price to the height or depth they desire. During the trek up or down, they also must satisfy any imbalance between buy/sell orders at each level, by absorbing (taking the other side of) each such imbalance. But, by collusion, it is easy for them to divide up any cost of absorption amongst themselves after the desired price level is achieved, simply by making "concluding" buy or sell orders to each other.

In effect, by simply using a single micro-lot as a "tool", as the "ball" they bounce back and forth between themselves, they can cost effectively (and quickly) achieve any price level they want to. The only restriction seems to be by agreement to not push currency pair prices much more than 200 pips per day, when doing so for no good reason but for their own profits. The liquidity these banks "release" from the market by stopping out traders in such moves can be dramatic, allowing these banks to add to their positions, and at exceptionally good prices!

The lesson here is, and has been alluded to in previous posts on this thread, be sure your trades (your account) can:
1. withstand a quick move of 100-200 pips, and
2. be able to join in on any profit making opportunity such a move might represent.

-tah
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  • #67,205
  • Mar 12, 2014 11:58pm Mar 12, 2014 11:58pm
Quoting traderathome
NU, and How the Liquidity Providing Banks Screw Traders At this "rate of pump" it won't take the MMs much longer to achieve RWH and even the next whole number above! This could be their target area for "before, during, or after" the coming USD high impact releases. I think everyone expected a final Pump-to-Dump, but this one is taking the cake. A Lesson on Releasing Liquidity There is a lesson to be learned by this price action, too. The liquidity providing banks are the Market Makers, as individual banks, but also as a single entity that...
GBP + EUR are floating up like hot air balloons!!!
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  • #67,206
  • Mar 13, 2014 12:07am Mar 13, 2014 12:07am
Quoting traderathome
{quote} AU Long Trade Update: Entered long #2, a pending Scout order that was executed while I slept. I looked at PA history and selected a possible low area the MMs might take the price down to. Not exacting, but sufficient. {image}
AU Long Trade Closed:

Manually closed trade for 227.5 pips gain. I do anticipate the MMs are still very bullish and that this could go higher. I also suspect the MMs might torpedo the price again before moving higher, all in conjunction with the upcoming releases. I cannot know how price will move next, but I have decided to take profit here and to wait the market out, to see what the MMs do with the price next.
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  • #67,207
  • Mar 13, 2014 12:19am Mar 13, 2014 12:19am
Quoting traderathome
NU, and How the Liquidity Providing Banks Screw Traders At this "rate of pump" it won't take the MMs much longer to achieve RWH and even the next whole number above! This could be their target area for "before, during, or after" the coming USD high impact releases. I think everyone expected a final Pump-to-Dump, but this one is taking the cake. A Lesson on Releasing Liquidity There is a lesson to be learned by this price action, too. The liquidity providing banks are the Market Makers, as individual banks, but also as a single entity that...
hi master. I still have some problem to understand how MM can use "single micro-lot" as tool to manipulate the price. how could they sell it to each other at higher and higher price if there are a lot pending sell orders at lower price level?
  • #67,208
  • Mar 13, 2014 12:25am Mar 13, 2014 12:25am
Quoting traderathome
{quote} GU Short Trade Update: Entered short #2, Scout. Following the strong selling in the early part of the LS, the USO MMs pushed the price back up above the whole number and consolidated (position building) at the highs. This is a PVSRA indication the MMs are bears (loading up on shorts here), so I added to this short trade. {image}
GU Short Trade Update:

Entered short #3, Scout. Ahead of the upcoming USD releases, the MMs continue to keep bullish pressure on the price. Well, actually they are not really giving time for normal bullish pressure. they seem to be in a hurry, as they whipped the price up 25+ pips, in a single sudden minute and to above the 1/2 Level. And here the price is being supported, as though now they can convince longs that PA is indeed bullish. Ha!

Having said that, the MMs might not be finished suckering longs. They could easily hike the price to the next whole number Level/RDH, sucking in a lot of longs to give the MMs liquidity to add more shorts at even better prices. If they do this, I think I might add to this short trade up there.
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  • #67,209
  • Mar 13, 2014 12:28am Mar 13, 2014 12:28am
Quoting loeil
AU - long. Nice HL is formed and last high volume tells clearly there is strong buying going on. And there is a gap I assume will be filled soon {image}
AU - closed for 2783 pips gain
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Whatever is obvious is obviously wrong!"
  • #67,210
  • Mar 13, 2014 12:28am Mar 13, 2014 12:28am
Quoting traderathome
{quote} GU Short Trade Update: Entered short #3, Scout. Ahead of the upcoming USD releases, the MMs continue to keep bullish pressure on the price. Well, actually they are not really giving time for normal bullish pressure. they seem to be in a hurry, as they whipped the price up 25+ pips, in a single sudden minute and to above the 1/2 Level. And here the price is being supported, as though now they can convince longs that PA is indeed bullish. Ha! Having said that, the MMs might not be finished suckering longs. They could easily hike the...

EU, GJ, EJ all received the attention from the MM's this is the first time in awhile ive seen them push without it being tied to an event.... sneaky sneaky!
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  • #67,211
  • Edited 1:42am Mar 13, 2014 12:35am | Edited 1:42am
Quoting niec
{quote} hi master. I still have some problem to understand how MM can use "single micro-lot" as tool to manipulate the price. how could they sell it to each other at higher and higher price if there are a lot pending sell orders at lower price level?
Market Makers Manipulate Market Prices

To move the price up, all that the ECN connected liquidity providing banks have to do is to place an order to satisfy the imbalance at the current price level, then one of them adds a "sell one microlot" at the next higher level that has pending trades (to immediately force the price to that higher level instead of allowing it to drop to the next lower level of pending orders), and there they place an order to satisfy all imbalance there, and then move on up to the next higher level,.....repeat, repeat, repeat,.....all with their computers connected and cooperating, running the same program to achieve the price push quickly. At the end, they divide up the cost to hike the price by issuing buy or sell orders all around, for each to take their fair share of the cost involved. Done deal, and a lot of liquidity they each create for themselves in their own market making "world", by hitting stops along the way, which is part of the purpose. The other part is to leave the price high, so these MMs can continue to fool the longs into thinking things are bullish while the MMs continue to build their short positions.

This is nothing short of legalized thievery. It is akin to the dealer having an unlimited stack of "extra aces" to be used whenever the pot is fat and juicy, all permitted by the casino "Rules".

The forex market is the perfect "get rich quick" opportunity,.....for the Market Makers! Never underestimate their ability and willingness to deceive and thieve. These big liquidity providing banks make billions in profit each year. They don't make that because their "trading desk" is all that good. They make it because they control market prices and can deceive and thieve at will, so long as those that are connected, cooperate and collude.

-tah
  • #67,212
  • Mar 13, 2014 12:41am Mar 13, 2014 12:41am
Quoting traderathome
{quote} Market Makers Manipulate Market Prices To move the price up, all they have to do is to place an order to satisfy the imbalance at the current level, then one of them adds a "sell at the next higher level that has pending trades (to immediately force the price to that next level), and there they place an order to satisfy all imbalance there, and then move on up to the next higher level,.....repeat, repeat, repeat,.....all with their computers cooperating, running the same program to achieve the price push quickly. At the end, they divide...
understand now. Thank you mater
  • #67,213
  • Mar 13, 2014 12:43am Mar 13, 2014 12:43am
Closed out today:

EURAUD = + 628 pips
AUDUSD = + 707.3 pips
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  • #67,214
  • Mar 13, 2014 1:05am Mar 13, 2014 1:05am
Quoting traderathome
GU Short Trade Opened: Entered short #1, Classic. {image}
How did this go?
  • #67,215
  • Edited 3:22am Mar 13, 2014 1:44am | Edited 3:22am
Quoting traderathome
GU Short Trade Opened: Entered short #1, Classic. {image}
Quoting traderathome
{quote} GU Short Trade Update: Entered short #2, Scout. Following the strong selling in the early part of the LS, the USO MMs pushed the price back up above the whole number and consolidated (position building) at the highs. This is a PVSRA indication the MMs are bears (loading up on shorts here), so I added to this short trade. {image}
Quoting traderathome
{quote} GU Short Trade Update: Entered short #3, Scout. Ahead of the upcoming USD releases, the MMs continue to keep bullish pressure on the price. Well, actually they are not really giving time for normal bullish pressure. they seem to be in a hurry, as they whipped the price up 25+ pips, in a single sudden minute and to above the 1/2 Level. And here the price is being supported, as though now they can convince longs that PA is indeed bullish. Ha! Having said that, the MMs might not be finished suckering longs. They could easily hike the price to the next whole number Level/RDH, sucking in a lot of longs to give the MMs liquidity to add more shorts at even better prices. If they do this, I think I might add to this short trade up there. {image}
Quoting dotnetfreak
{quote} How did this go?
You will have to read the thread for yourself as this trade progresses. But not being a Sonicer, what is your interest? FF statistics on you say you have been around since late 2012, but you have only started posting this year. And your posts are scattered across at least a half dozen different threads. So, what is your interest?
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  • #67,216
  • Edited 2:08am Mar 13, 2014 1:50am | Edited 2:08am
Quoting eaymon
Closed out today: EURAUD = + 628 pips AUDUSD = + 707.3 pips
eaymon,

Nice trades, congratulations.

However, these kind of posts by you are worthless to the thread at large. So please, no more! If you are going to post about trades, then please make a proper post that includes the chart properly annotated with EP, TP, SL. And be sure to followup with any adds later, and with a "trade closed" post, also properly annotated.

You know what I am saying here. Not to mention the fact that Sonic's Number #1 Rule is........

.....................NO PIC., NO POST!

So please, no more of these type posts. Okay? They don't instruct your fellow Sonicers in any way, and the purpose in posts is to add to the value of this thread as the text book for the Sonic R. System. I can't state this any more clearly.

Thank you for your future compliance,
-tah
  • #67,217
  • Mar 13, 2014 2:35am Mar 13, 2014 2:35am
Classic Re-Entry Long CAD/CHF.
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  • #67,218
  • Mar 13, 2014 2:42am Mar 13, 2014 2:42am
GU
For you who short this pair, look at H1 timeframe, it's reasonable area for shorting, but use only small lot size, and don't wish for many pips cause I believe this pair will go higher and higher. See at M1, the price action is not showing us the best scout short yet. For now, IMO, bull is still taking control. So patience and discipline are important to get higher chance of winning trade.

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  • #67,219
  • Mar 13, 2014 3:17am Mar 13, 2014 3:17am
USDCHF - long.

Last 4 higher volume spikes makes me think MMs building longs.
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Whatever is obvious is obviously wrong!"
  • #67,220
  • Mar 13, 2014 3:19am Mar 13, 2014 3:19am
Quoting MrAmazing
{quote} AU Like I said before, it's good to wait the price hit MA200 at H4 timeframe. The picture shows an easy 15 pips. Price drop followed by rising volume (pink line). Look at how big the volume there and price action is good (yellow circle and yellow arrow). You should scout long at red line and the green line is the first TP (for scalper). At H4 timeframe, the price hit MA 200 with good reaction. {image} {image}
Quoting MrAmazing
{quote} So, all of you really did what I've told . Very nice, thank you for your friends, family, and others for launching AU. {image} {image}
And for AU: BINGO!!! 140 pips from my suggestion entry and this is the best area to close the trade for now and enjoy your day.

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