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Sonic R. System

  • #68,861
  • Apr 13, 2014 10:10pm Apr 13, 2014 10:10pm
Quoting traderathome
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...
AUDJPY Long Trade Update:

Added long #2, pre-LS M5 Classic. I repeat, I see this as bearish overall, but early week is a time frequently used by MMs to retrace prices to load up more for a bigger move later. This trade is only for the anticipated retrace up. If it goes well, after closing it I will be looking for a short setup for a bigger bear swing down.
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  • #68,862
  • Apr 13, 2014 10:18pm Apr 13, 2014 10:18pm
Quoting santos23
{quote} 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
It has been said before in the PVSRA PDF that: "The discrete S&R levels are whole, half and quarter numbers, in that order of priority."
So from this we can infer that whole numbers are definitely the most important. I think really its all relative though and any type of PVSRA level can yield potential.
It all really depends on what the price and volume it telling you. Ideally if looking short you want price being hiked above these levels, and if looking long you want price hiked below these levels. It is most important however as recently said by TAH and Sonic, that we should only be looking long once PA is showing signs of bullishness and vice versa for entering short. It is foolish to jump in long as soon as we see the MM's are whacking price building long because we cannot know how long that will last for. The best thing I could pass on is to always wait for PA and the dragon to show the way and then cease the opportunities then!
I had to take a loss from entering too early and jumping the gun. I was entering short when price was being hiked up when the dragon and trend was still showing up.
I repeat, "Let PA and the dragon show the way"
  • #68,863
  • Edited 11:12pm Apr 13, 2014 11:01pm | Edited 11:12pm
EURUSD:

This is an interesting article. The person being quoted within is essentially pointing at a devaluation of the euro, with a lot of "back door scrambling" going on behind the scene right now:
http://www.efxnews.com/story/23777/e...nalling-socgen

Now, if there is a lof of behind the scene activity right now, it means the super-rich are trying to figure out how, in the event of devaluation, they can retain their wealth and leave the rest of society holding the bag, just like the "Thieves of Wall Street" did when they started all the problems by decimating the world economies with their outrageous greed and corruption, and got their henchman H. Paulson, ex-CEO of GS and head of US Treasury at the time, to bail them out with TARP, and leave the rest of society holding the bag! These evil super-rich behind the banks and other outfits (exchanges, investment houses, oil companies, etc.) are totally corrupt of morals and without concerns for anybody but themselves. At least that is the way it looks based on how these things always work out.
  • #68,864
  • Apr 14, 2014 1:32am Apr 14, 2014 1:32am
Quoting devontrader
guys my first go at analysing a chart,,pls correctme if im wrong or if i miss something ...
Hello devontrader

As long as you can interpret your indicators correctly there is nothing wrong to use them. learning interpretation takes time.
There is a winner and a loser, nothing in between.
  • #68,865
  • Apr 14, 2014 2:01am Apr 14, 2014 2:01am
UJ - long.
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Whatever is obvious is obviously wrong!"
  • #68,866
  • Apr 14, 2014 2:27am Apr 14, 2014 2:27am
EURUSD M1 long
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M15 resistance
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  • #68,867
  • Apr 14, 2014 2:30am Apr 14, 2014 2:30am
Quoting FXRobert
GBPUSD M15 clasic possible. I sellstop with SL {image}
Close clasic and 2 scouts
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  • #68,868
  • Apr 14, 2014 4:27am Apr 14, 2014 4:27am
Quoting SaiLyfee
AUDCHF: In light of my last post I mentioned the "Secret to Sonic R" pdf file. I thought that it would be nice to be able to give an example and luckily enough I have found what to me is a stunner. Firstly, with any short "classic" entry its impotant to be patient enough for the trend to be above the dragon as this is a sign of weakness and a change in the trend. We can see this is the case here. Secondly, moving along to the DAY chart it is always good to see if this fits the profile of what Sonic would classify as a better entry. We can see that...
Entered short scout #1 as price was pushed up above the half number:

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  • #68,869
  • Apr 14, 2014 5:45am Apr 14, 2014 5:45am
Quoting traderathome
{quote} AUDJPY Long Trade Update: Added long #2, pre-LS M5 Classic. I repeat, I see this as bearish overall, but early week is a time frequently used by MMs to retrace prices to load up more for a bigger move later. This trade is only for the anticipated retrace up. If it goes well, after closing it I will be looking for a short setup for a bigger bear swing down. {image}
AUDJPY Long Trade Closed:

Manually closed trade for 113.3 pips gain. PA has reached a previous local S&R level and seems to have stalled out with declining volume. I decided to take profits and wait to see what happens with the US open.
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  • #68,870
  • Apr 14, 2014 7:28am Apr 14, 2014 7:28am
Quoting SaiLyfee
{quote} It has been said before in the PVSRA PDF that: "The discrete S&R levels are whole, half and quarter numbers, in that order of priority." So from this we can infer that whole numbers are definitely the most important. I think really its all relative though and any type of PVSRA level can yield potential. It all really depends on what the price and volume it telling you. Ideally if looking short you want price being hiked above these levels, and if looking long you want price hiked below these levels. It is most important however as recently...
100% Agree the Dragon is your friend open the door, turn the key and drive it.
Creditors have better memories than debtors.
  • #68,871
  • Apr 14, 2014 7:38am Apr 14, 2014 7:38am
AUD/USD spotted. MM close long and open short for now? see the beautiful Volume..
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t.me/LWBRfx Discord.io/LWBR
  • #68,872
  • Apr 14, 2014 8:04am Apr 14, 2014 8:04am
well shorting USD now except for usdcad and usdaud
  • #68,873
  • Apr 14, 2014 8:07am Apr 14, 2014 8:07am
Quoting feinan
AUD/USD spotted. MM close long and open short for now? see the beautiful Volume.. {image}
feinan,

Think you might have shorted on a 38.2% retrace, dragon & EMA headed up, IMO
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Keep It Simple
  • #68,874
  • Edited 8:39am Apr 14, 2014 8:29am | Edited 8:39am
Quoting maxpay
well shorting USD now except for usdcad and usdaud
maxpay,

Please, you are in constant violation of Post #1 Warnings. For one thing, Sonic's Rule #1 is .... No pic., no post! And very few of your posts have had pics in support of them.

Your posts about what you are doing add nothing to this thread without posted charts. If you are stating an opinion on a pair, post a chart showing the analysis supporting your opinion. If you claim to be trading a pair, then post the trade chart per our template.

I strongly urge you to re-read Post #1 and get into compliance with it if you want continued privilege to post on this thread. This is not a "bulletin board" thread. This thread is the text book for the Sonic R. System. So please make your posts worthy of this.

-tah
  • #68,875
  • Apr 14, 2014 8:29am Apr 14, 2014 8:29am
Quoting feinan
AUD/USD spotted. MM close long and open short for now? see the beautiful Volume.. {image}
US Core Retail Sales ?
Scan all 28 Forex pairs with ONE chart... Currency Strength28 Indicators
  • #68,876
  • Apr 14, 2014 8:43am Apr 14, 2014 8:43am
Quoting Bernhard
{quote} US Core Retail Sales ?
US Retail Sales Advance (Mar) M/M 1.1% vs. Exp. 0.9% (Prev. 0.3%, Rev. 0.7%) - US Retail Sales Ex-Auto (Mar) M/M 0.7% vs. Exp. 0.5% (Prev. 0.3%), highest since February 2013. - US Retail Sales Ex-Auto and Gas (Mar) 1.0% M/M vs. Exp. 0.4% (Prev. 0.3%, Rev. 0.4%), highest since March 2010.
Creditors have better memories than debtors.
  • #68,877
  • Apr 14, 2014 8:45am Apr 14, 2014 8:45am
USDCAD again: I suspect MM's might use news release for a big drop, seeing as since last week they have been hiking positions above a major whole number and continued to do so above the dragon until now where it has crosses downwards and seeing as big news release today, then i suspect they could use this to make a big move and collect profits.

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YOUR MOTHERS ASS
  • #68,878
  • Apr 14, 2014 8:51am Apr 14, 2014 8:51am
This is my first post on this amazing forum..instead of this , i will say thank you for all support and sharing experience..Especialy TAH.

I´v tried a classic entry..is this set up further valid?!
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  • #68,879
  • Apr 14, 2014 8:51am Apr 14, 2014 8:51am
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usdcad??? pump and dump?
  • #68,880
  • Edited 9:15am Apr 14, 2014 8:56am | Edited 9:15am
Quoting santos23
USDCAD again: I suspect MM's might use news release for a big drop, seeing as since last week they have been hiking positions above a major whole number and continued to do so above the dragon until now where it has crosses downwards and seeing as big news release today, then i suspect they could use this to make a big move and collect profits. {image}
USDCAD:

There is another way to look at this.

Price is just ranging right now. In conjunction with the release the price was first lowered, then very heavily traded up, and then lowered again on lighter volume. This pattern of price and volume strongly suggests the MMs are accumulating longs. Furthermore, since the price is still ranging, the price moves have not been to make profits, but to build positions. And since the MMs have brought the price back lower after all the hoopla during the release, it suggest the MMs want the price lower during their ongoing position building. That also suggests the MMs are bulls, accumulating longs.

There are more releases tomorrow. Meanwhile the MMs might be favoring lows to build longs ahead of these releases. Tomorrow could be a very interesting day for this pair.
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