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Sonic R. System

  • #70,041
  • Apr 30, 2014 6:05am Apr 30, 2014 6:05am
Quoting traderathome
{quote} EU: Mistake to classify this as a bull move. It looks like a Whack n' Whip, and will probably be followed later today with a concluding Whack........ Whacked it first, using up shorting liquidity by sucking in longs with lower orders. Whipped it to stop out shorts and to suck in more longs, for more liquidity for shorting as the price went higher. Culminated (so far) with notable volume above the 1/4 Level and RDH, which is PVSRA indication of Bears. On a larger TF chart you will see that even after the drop yesterday, the MMs kept the price...

Always attentive to the professor, totally agree.
Thank you.
  • #70,042
  • Apr 30, 2014 6:09am Apr 30, 2014 6:09am
http://www.mql5.com/ru/charts/180394...apital-markets
  • #70,043
  • Apr 30, 2014 6:19am Apr 30, 2014 6:19am
Quoting cowcool
Guys, ADP Non-Farm Employment Change is coming soon , should i be worried . is it he kind of FOMC event that kill all buyers and sellers at the same time? There seems to be many forms of FOMC announcement. Thx
If you already know bear or bull, why should be worried?

Perfect entry point:

instead of placing 10 lots at once, you can place 10 single lot to have perfect entry point.
By doing that, you could reduce your risk and less stressful.
  • #70,044
  • Apr 30, 2014 6:24am Apr 30, 2014 6:24am
Morning everyone.. I hope this next chart is ok. After testing sonic for some weeks now I don't believe that the style of scouting fits my trading. I just don't know when to get out if price is going against me. I will stick to classics from now on!

Please don't mind the TMA channel.. I hope it's not against the rules but I have been using it to scalp for quite some time. If it's not allowed just let me know and I will remove it on any future charts.

EURUSD:

classic long taken on the 1m.. we can see that price has retested the RDH and flew off in the other direction. RR is 1:1

Stop set to BE +1 immediately
Attached Image (click to enlarge)
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  • #70,045
  • Apr 30, 2014 6:28am Apr 30, 2014 6:28am
Closing my position before the US market opens.. I'm sleepy, been up all night.

i was looking for another 140 pips but i'm not greedy. Night guys ! err.. morning

+490 pips
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  • #70,046
  • Apr 30, 2014 6:31am Apr 30, 2014 6:31am
Quoting allisonmagic
Closing my position before the US market opens.. I'm sleepy, been up all night. i was looking for another 140 pips but i'm not greedy. Night guys ! err.. morning +490 pips {image}
Check your emotions. How are you?
  • #70,047
  • Apr 30, 2014 6:48am Apr 30, 2014 6:48am
Is the MM accumulating long for this? guide me please, i am still learning sonicR.
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  • #70,048
  • Apr 30, 2014 6:50am Apr 30, 2014 6:50am
Quoting allisonmagic
Closing my position before the US market opens.. I'm sleepy, been up all night. i was looking for another 140 pips but i'm not greedy. Night guys ! err.. morning +490 pips {image}

It seems as good timing.

Because we see again high volume above whole number.

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  • #70,049
  • Apr 30, 2014 6:54am Apr 30, 2014 6:54am
TP on EU hit for +15p and 3% gain. There was absolutely no drawdown

For a little while I had removed the pivots from my charts but I am now realizing they are quite important
Attached Image (click to enlarge)
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  • #70,050
  • Apr 30, 2014 6:55am Apr 30, 2014 6:55am
+green pips, very good system
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  • #70,051
  • Apr 30, 2014 7:20am Apr 30, 2014 7:20am
Quoting FXRobert
GBPCHF start short. Clasic and next order. {image}
Closed clasic and orders with profit. Save my money. Today is to many news.

Attached Image (click to enlarge)
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  • #70,052
  • Apr 30, 2014 7:22am Apr 30, 2014 7:22am
Quoting FXRobert
USDJPY long small orders with SL. I see potential long but possible price down before. {image}
Closed with small profit. Action after open NY sugestion price down.
I wait for beter time
Attached Image (click to enlarge)
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  • #70,053
  • Apr 30, 2014 7:27am Apr 30, 2014 7:27am
EURGBP long closed
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  • #70,054
  • Apr 30, 2014 7:41am Apr 30, 2014 7:41am
USD JPY closed profit from 6 positions, 149 pips


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  • #70,055
  • Apr 30, 2014 7:47am Apr 30, 2014 7:47am
Quoting cigarguy
{quote}If you consider my posted charts depicting my scalping setups to be distracting to this thread, I will respect your desire to maintain the integrity of the Sonic R thread and not post. Thanks for your comments and Good Trading Regards, Cigarguy
Please do not cease your posting. May I humbly suggest you post in an alternate thread for those who appreciate and respect your commentary.
My Threads: Trading is as simple as 1-2-3, Highest Open / Lowest Open Trade
  • #70,056
  • Apr 30, 2014 7:53am Apr 30, 2014 7:53am
Quoting traderathome
{quote} Beware of FXDD So, now you see my point. "FXDD mirrors its liquidation model from Commodities Futures brokers. We liquidate all open positions when the customer’s equity reaches total margin requirement." These Market Makers are corrupt to the core, and FXDD is using them as an excuse for their very nasty theft of client's money, as though the Commodities Futures brokers were a standard of excellent fairness to clients! Nothing could be further from the truth. Get one crook to establish a legal method of thievery, and all that would be crooks...
Thank you for taking the time to reply.
My Threads: Trading is as simple as 1-2-3, Highest Open / Lowest Open Trade
  • #70,057
  • Apr 30, 2014 8:54am Apr 30, 2014 8:54am
Quoting allisonmagic
i find the more analytical and technical i get, the more i get jumbled and start losing because i'm over analyzing.. i just go by the system now and don't over analyze. it's working out nicely
That's just how exactly I want it. Do a little but diligent analysis and then just go with the system. I believe with what I've read from one of Raghee Horner's book. "Trading should be objective not subjective". And the phrase I've encountered once that says "Trade what you see, not what you think".
Patience and Discipline, these are the Holy Grail.
  • #70,058
  • Apr 30, 2014 9:00am Apr 30, 2014 9:00am
EURUSD long closed.
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  • #70,059
  • Apr 30, 2014 9:09am Apr 30, 2014 9:09am
Quoting traderathome
{quote} EU: Mistake to classify this as a bull move. It looks like a Whack n' Whip, and will probably be followed later today with a concluding Whack........ Whacked it first, using up shorting liquidity by sucking in longs with lower orders. Whipped it to stop out shorts and to suck in more longs, for more liquidity for shorting as the price went higher. Culminated (so far) with notable volume above the 1/4 Level and RDH, which is PVSRA indication of Bears. On a larger TF chart you will see that even after the drop yesterday, the MMs kept the price...
When price is in RDH is it always safe to assume that MM's are bears? Of course there has to be notable volumes too.
Patience and Discipline, these are the Holy Grail.
  • #70,060
  • Apr 30, 2014 9:27am Apr 30, 2014 9:27am
Eur/Jpy, Eur/Usd

Short scouts started, Bear PA, Volumes above whole Numbers

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