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Sonic R. System

  • #68,841
  • Apr 13, 2014 9:52am Apr 13, 2014 9:52am
Looking again but at the lower tf of H1
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we can see here that price has been above the whole number of 1.6800 and is also up against resistance.
  • #68,842
  • Apr 13, 2014 10:03am Apr 13, 2014 10:03am
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gbpusd m15 chart

interesting to note that price after falling has consolidated into a little range.
MMs has been testing higher prices prices in a downtrend
and is now falling again.
down to 5min chart next
  • #68,843
  • Apr 13, 2014 10:09am Apr 13, 2014 10:09am
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ok guys looks like to me there was no effort to rise as there was low volume.
considering were in a down trend could this simply be that there unloading?

feed back guys if im totally wrong or what i missed
thanks
  • #68,844
  • Edited 12:40pm Apr 13, 2014 11:32am | Edited 12:40pm
Quoting devontrader
guys my first go at analysing a chart,,pls correctme if im wrong or if i miss something {image} gbpusd daily price has bee marked up for a while and has reached the top where it is in a range. i believe this is distribution by the MMs volume is kept in a nice tidy range andthen faked out to the down side so MMs can sell there hand to retailers thinking its going short. price is again brought back up to the original range for more distribution to retailers in the hope prices are going higher,,but note the volume is dieing off,,so no effort to rise...
For "Indicator Dependent" Sonicers

Here is an example of why the brain, not indicators, excels. Keynote S&R areas (demand/supply areas) are areas where upwards and downwards moving PA solidly overlap. Chances are when PA moves to such an area, you will need to "fine tune" to see if it is the whole or the half number that will be where the trend is most likely to pause or reverse. Most every major swing, up or down, terminates in the area of a whole or a half number. Just look more closely at this chart and see the truth of this for yourself. It is really that simple, and understandable once you learn how the market works! Anyone needing or wanting an indicator to point that out to them is simply defeating the growth of the skills they need to be a more successful trader.

I really have to say/agree with Master Sonicdeejay.....the Sonic R. System is elegantly simple and effective. Traders become more successful because they concentrate on how the market works, not on searching for and loading their charts up with indicators that can never accomplish this feat!

The proliferation of indicators on your charts only obfuscates that which you need to be focusing on. Such indicators professed to mark S&R, or such things as "mini-charts" stacked to the right of your main chart.....such things only clutter up your primary sources of information: price action relative to volume relative to whole and half numbers.

So, go ahead and proceed to do those things that relieve your brain from the exercise it needs if you are ever to reach your full potential as traders. For those of you with average or above intelligence, just ask yourselves.....if indicators are the answer to achieving more success, with the thousands of indicators out there, why do most traders continue to lose their money to the market? Your brain can become the most effective indicator of all! But only if you stop your "indicator dependency" and put your brain to work on the problem. It takes some time. But thru your dependence on indicators, you will never even begin. And most "traders" never begin. And that is why most traders lose their money to the market. A small percentage of traders become students of how the market works. They learn how the market works instead of learning to become dependent on indicators. And their trading decisions are made based on their knowledge of how the market works, not on what they think their favorite indicators are predicting.

Decide if your trading skills are to ever excel. It is your choice and your money. Most people fail. And there are thousands of indicators out there to help them do so. I recommend you stop your "indicator dependency" and start putting your brains on the job. Otherwise, you might just as well sign your money over to the market now, and avoid all the hassle of trading it away.

-tah
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  • #68,845
  • Apr 13, 2014 12:14pm Apr 13, 2014 12:14pm
Quoting traderathome
{quote} For "Indicator Dependent" Sonicers Here is an example of why the brain, not indicators, excels. And chances are that once PA moves to such an area, an area where upwards and downwards moving PA solidly overlaps, you will need to "fine tune" to see if it is more likely that the whole or the half number will become the keynote area for trend pause or reversal. Most every major swing, up or down, terminates in the areas of whole and half numbers. Just look more closely at this chart and see the truth of this for yourself. It is really that...
I believe everyone goes through this period of trying to find the best indicators aka the holy grail. Which is probably why alot of traders fail because they do not focus on a specific way of trading. This is recognized in the 5 steps to becoming an unconscious trader. It is very detrimental to improving hopping from system to system trying to find what works since we never actually spend the required time to master a specific system and price itself.

It always boggles me when traders feel the need to add so many indicators on their chart that they can't even see price itself or are not even relying on price action anymore. They place too much emphasis on looking into the "future" when the past is what we really need to focus on.
  • #68,846
  • Apr 13, 2014 1:07pm Apr 13, 2014 1:07pm
Quoting Repsaj
USDCAD.- Traderathome said:" And maybe the bull "Run for Profits" has just started." I totally agree. The odds, for me, are the 99%. So my strategy is to wait for the right retracement and look for longs trades. I hope the price does not escape me for waiting as happens sometimes {image}
For "Indicator Dependent" Sonicers

Here is a good example of not being one, compliments of Repsaj.

-tah
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  • #68,847
  • Apr 13, 2014 1:12pm Apr 13, 2014 1:12pm
Tah,

i read what you wrote and am focused on PA

i understand what you wrote.

2 things..

1. do you start at m1 chart and work upwards to gauge a picture of whats going on or do you go top downwards.

2.how was my analysis,,,what did i do wrong and what did i miss out so i can become better

thanks
  • #68,848
  • Apr 13, 2014 1:21pm Apr 13, 2014 1:21pm
Quoting devontrader
Tah, i read what you wrote and am focused on PA i understand what you wrote. 2 things.. 1. do you start at m1 chart and work upwards to gauge a picture of whats going on or do you go top downwards. 2.how was my analysis,,,what did i do wrong and what did i miss out so i can become better thanks
It's always better to work top down.. So I start off every week looking at weekly candles and how they closed. Then i start working my way down after I have a general bias and see what price is doing on each timeframe. I usually take my entries on the 15m.
  • #68,849
  • Apr 13, 2014 1:27pm Apr 13, 2014 1:27pm
Thanks dyekid

I know sonic system is m15 but some do m5 or m1.

have you been lower then m15
  • #68,850
  • Apr 13, 2014 1:29pm Apr 13, 2014 1:29pm
Quoting devontrader
Thanks dyekid I know sonic system is m15 but some do m5 or m1. have you been lower then m15
Yes there is just a bit more noise so I find I only use 5m and 1m to see what the MM's are doing around whole and half numbers.
  • #68,851
  • Apr 13, 2014 2:03pm Apr 13, 2014 2:03pm
dyekid

how did you findmy analysis?
  • #68,852
  • Apr 13, 2014 4:10pm Apr 13, 2014 4:10pm
Million Dollar Traders, Episode 1: "Make Me a Trader"
The contestants are introduced to the trading floor and begin to build their portfolios.
Million Dollar Traders is a three part series that aired on the BBC about hedge fund manager Lex Van Dam who tries to teach ordinary people to become successful traders. The series is particularly interesting because none of the traders understand what they are doing, but they all trade as though they did and the results were terrifying, both financially and emotionally.
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t.me/LWBRfx Discord.io/LWBR
  • #68,853
  • Apr 13, 2014 4:22pm Apr 13, 2014 4:22pm
Quoting feinan
Million Dollar Traders, Episode 1: "Make Me a Trader" The contestants are introduced to the trading floor and begin to build their portfolios. Million Dollar Traders is a three part series that aired on the BBC about hedge fund manager Lex Van Dam who tries to teach ordinary people to become successful traders. The series is particularly interesting because none of the traders understand what they are doing, but they all trade as though they did and the results were terrifying, both financially and emotionally. https://www.youtube.com/watch?v=v6ciY8u04Kk...
The outcome was not surprising imo.. There is no way any of them could have learned the amount of knowledge needed to successfully trade the market within such a small period of time. Which is why the economic major probably had the most success out of all of them, he just had a better understanding of the market. Quite interesting though I must agree. I think the series succeeded in showing the psychology of a trader and that most succumb to being part of the "herd" mentality.

EURJPY:
I see signs of the bear, market has gapped down quite a bit after open. This may or may not get filled immediately. H4 shows lots of selling pressure in huge bearish candles through whole and half numbers. Will probably hold short on XXX/JPY pairs.

Devontrader: I think it would be a huge favor if you just made your S/R areas 1 color. We can tell the importance of the levels just by how you draw them. It's just easier on the eyes.
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  • #68,854
  • Apr 13, 2014 5:32pm Apr 13, 2014 5:32pm
guys
i know this is daily chart and not a m15 but im hopingi have a classic sonic?
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  • #68,855
  • Apr 13, 2014 8:17pm Apr 13, 2014 8:17pm
Quoting devontrader
guys i know this is daily chart and not a m15 but im hopingi have a classic sonic? {image}

Hi devon, I would have entered at 1300 and probably get out at 1330.. if you see there is a resistance level there..

If you have not entered. i would wait for another pull back and enter after it breaks the previous high.
  • #68,856
  • Apr 13, 2014 8:51pm Apr 13, 2014 8:51pm
AUDJPY Long Trade Opened:

Entered long #1, pre-LS Classic. To me, the bigger picture is bearish. But the market frequently uses the early part of the week to set up prices for bigger moves. Therefore, seeing this Classic setup (although pre-LS) I decided to take a chance that the deceiving and thieving MMs are going to whip the price up before going with bearish PA later in the week. This would give them a day or more to suck longs into the market to generate liquidity for the MMs to enlarge their short positions.

I could be wrong about this. I have been before.

-tah
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  • #68,857
  • Apr 13, 2014 9:06pm Apr 13, 2014 9:06pm
GBP/USD MM Bullish

15M chart Shown increase volume below whole number and Pin Bar From below Whole number.

1M Show Dump Pump , might indicate the MM building Bull


Pls Correct me if I'm Wrong.

Thanks

Kai
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My Trading Course" http://www.kaishengchew.com
  • #68,858
  • Apr 13, 2014 9:14pm Apr 13, 2014 9:14pm
GBP/ JPY BULL

15M increase volume below whole number
and bullish engulfing noted at 1H chart
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My Trading Course" http://www.kaishengchew.com
  • #68,859
  • Apr 13, 2014 9:36pm Apr 13, 2014 9:36pm
Quoting SaiLyfee
{quote} santos23, Yes I totally agree with you that the MM's are building shorts by hiking price above important LEVELS. However I would advise not to be 'too quick' to short. As you can see from the WEEK chart the MM's did ALOT of buying to stop the drop and in doing so have formed a nice big pintail to coax in long orders to the market. {image} This is great if you're an MM because this means that it will actually be cheaper for you to get prices higher where you want them to be and have better priced shorts! Not to mention all the buying they...
Great stuff sail thank you, One question though in your opinion..i trade mostly off 15M charts, should i look to open positions off whole numbers only or should i get in on half whole's too? thanks again
YOUR MOTHERS ASS
  • #68,860
  • Edited 10:27pm Apr 13, 2014 9:50pm | Edited 10:27pm
Looking at possible short entry in AUDUSD,

Will short around 0.9359 levels, by the time, dragon should be arching down and trend should be flatter..

Looking at possible Long entry in USDJPY

Will buy above 101.61 Bears have been pushing this down but seems like the tide will turn now, look at daily charts for support resistance.. (btw since i trade the jap markets in equities, most big stocks have rallied today, thus the NKY225 should close up today...the are research papers which have indicated the correlation btween the two).
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