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Sonic R. System

  • #70,501
  • May 5, 2014 7:38am May 5, 2014 7:38am
New Sonic Traders;

Just a reminder paraphrased from "The Secret of Sonic R" and what a Sonic Classic set up is;

Sonic R is basically trading Hammer and Bullish engulfing bars on the D1 & H4 T/f's and looking for entries on the M15 TF. That makes the Sonic R set ups highly profitable.

I realize that sometimes in the heat of battle we have to fight the temptation to pull the trigger and jump in, but classic set ups coupled with PVSRA analysis will give higher probability entries and trades helping to preserve your capital.

Regards
Cigarguy
Keep It Simple
  • #70,502
  • May 5, 2014 7:41am May 5, 2014 7:41am
Quoting allisonmagic
{quote} AUD Trade Balance 1.10B 1.20B AUD Cash Rate 2.50% 2.50% AUD RBA Rate Statement we have these coming out later today, you think they are supporting price for the news ? price holding below the 93 whole number for some reason
if MM is bull then buy
remember last non-farm, MM bull can whack down 0.9200 (last support) and quickly return accumulation zone in 2hrs later.
cash rate would be the same as usual so we could see 0.94 ~0.96 in couple weeks later.
My plan is buy any dip and TP around 0.93 to 0.96
Below 0.920 may change the plan.
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  • #70,503
  • May 5, 2014 7:41am May 5, 2014 7:41am
Quoting allisonmagic
{quote} AUD Trade Balance 1.10B 1.20B AUD Cash Rate 2.50% 2.50% AUD RBA Rate Statement we have these coming out later today, you think they are supporting price for the news ? price holding below the 93 whole number for some reason
Very hard to tell.
This week is a new week of May, so we might see some changes in MMs move.
Weekly chart showing a doji, daily chart showing last friday a very long wick.

H1 shows decline in volume when price move south.
Attached Image (click to enlarge)
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IMO, MMs got not interest in buying much at low. What they need is liquidity. Suck in both side weak trader and suck their money, to fill their orders.

Trade safe!
-AdrianC.
  • #70,504
  • May 5, 2014 7:58am May 5, 2014 7:58am
Quoting allisonmagic
{quote} I couldn't agree more. That range looks like accumulation to me, however we have to wait to see where they want to take it. We've had some trending moves, however they take some time to play out. Could be a continuation of a trend.. Zooming out a bit. Maybe they are waiting for a good time to push up outside the 93 whole number. low volume on the down move doesn't suggest bears {image}
Yup just wait & see.
I don't like to guess what the market will move next.

A wise word from a wise man...
"Let the PA & Dragon shows the way."
So, obey the dragon!

-AdrianC.
  • #70,505
  • May 5, 2014 7:59am May 5, 2014 7:59am
My GU short got stopped out for +2p. Looks like mm's pushed price down to accumulate longs.


EU long triggered after price broke out of range. TP is at RDH
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  • #70,506
  • May 5, 2014 7:59am May 5, 2014 7:59am
Quoting billko1977
{quote} What made you decide to take this trade? All you did was post a picture of a chart. can you please give just a small explanation of what you saw that led you to enter these two trades? This is necessary to help those that are still learning. Thanks
From the below picture,check the waves which shows the price is forming down swings.
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Dragon the best Indicator
  • #70,507
  • May 5, 2014 8:04am May 5, 2014 8:04am
Quoting allisonmagic
{quote} not at all, just trying to figure out if MMs are bulls or bears
The more you practice the more knowledge you get from Sonic R System. Is a piece of art...
Take your time.
  • #70,508
  • May 5, 2014 8:31am May 5, 2014 8:31am
Hi guys,

Below attached a phrase and the chart in the PVSRA pdf file, is that a proper way to do like him(the author)? when a big release drive the price up, right after the big rise of price, open short trade? Really inspired me reading the materials, keep it on.

XT
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Trading is not easy
  • #70,509
  • May 5, 2014 8:40am May 5, 2014 8:40am
Looks like most AUD pairs on H1 have opportunities . Will you guys enter before/after the news ?? What are your thought on the direction ???
  • #70,510
  • May 5, 2014 8:49am May 5, 2014 8:49am
Quoting juniorlcq
Looks like most AUD pairs on H1 have opportunities . Will you guys enter before/after the news ?? What are your thought on the direction ???
AU until now couldn't predict the direction.Its ranging in the box.
Attached Image (click to enlarge)
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Dragon the best Indicator
  • #70,511
  • Edited 9:29am May 5, 2014 9:17am | Edited 9:29am
UJ, quick buy scalp +16.4 standard. M15 chart shows MM's running price up above the whole number last week with a long wick and then whacking price down, first below the half number and then below the whole number at 102.000. Then slowly running it above and whacking it down again. Last red M15 candle with long wick indicates no sellers at the demand/support zone and MM's waiting for news to run back up above the whole number and they did.
IMO anyway as a scalper just my style

Regards,
Cigarguy
Attached Image(s) (click to enlarge)
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Keep It Simple
  • #70,512
  • May 5, 2014 9:18am May 5, 2014 9:18am
Quoting mg_vinodkuma
{quote} AU until now couldn't predict the direction.Its ranging in the box. {image}
Too bad for me to trade it. On the daily it is looking a bit bearish for me, but it could well go up to 09350.

On H4, we can see a nice pinbar on high volume, but we have to look at H1 to better see what happens.

On H1, price could well move down to 0.92340 and then break the ranging prices' resistance, but this far from a nice Classic setup for me ;-)
  • #70,513
  • May 5, 2014 9:28am May 5, 2014 9:28am
Quoting salas2
{quote} Wasn't Socrates . He was Demosthenes, the great Athenian orator and general.
Thanks. My memory stands correctly refreshed!
  • #70,514
  • May 5, 2014 9:48am May 5, 2014 9:48am
I took this long entry on GBPCHF 5M
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  • #70,515
  • May 5, 2014 9:51am May 5, 2014 9:51am
Quoting cigarguy
UJ, quick buy scalp +16.4 standard. M15 chart shows MM's running price up above the whole number last week with a long wick and then whacking price down, first below the half number and then below the whole number at 102.000. Then slowly running it above and whacking it down again. Last red M15 candle with long wick indicates no sellers at the demand/support zone and MM's waiting for news to run back up above the whole number and they did. IMO anyway as a scalper just my style Regards, Cigarguy {image} {image}
Nice
Check your emotions. How are you?
  • #70,516
  • Edited 10:15am May 5, 2014 10:00am | Edited 10:15am
Quoting Repsaj
{quote} Nice
Repsaj,

Thanks, and as you know being a former scalper yourself, small pips per trade but we never apologize for a profit and can make these trades all week with the catalyst for entry PVSRA analysis. They quickly add up at the end of the month. Just my style and I sleep good with no draw downs but not for the weak at heart or inexperienced!

Regards,
Cigarguy
Keep It Simple
  • #70,517
  • May 5, 2014 10:03am May 5, 2014 10:03am
XAU/USD short
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  • #70,518
  • May 5, 2014 10:26am May 5, 2014 10:26am
On the 15M chart you can see that there is USD PMI news released (the last big green candle). I somehow expected positive news to the latest resistance zone. How do you comment on this? Why did I predicted the future? Is this the right analysis or just a luck?

P.S.I somehow don't believe candle formations and patterns, but that's my belief.
Attached Image(s) (click to enlarge)
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  • #70,519
  • May 5, 2014 10:43am May 5, 2014 10:43am
Quoting traderathome
GBPAUD Short Trade Opened: Entered shorts #1-2. Short #1 was a quasi-Classic Friday, when FO MMs started moving price up and it got to the area of the EP zone for a previous PA wave, as marked. Unfortunately, Friday was a rip roaring day that saw price go much higher. I just entered short #2, a Scout as the Asian session MMs worked the price back up once again. For days my interpretation of PVSRA is that the MMs are bears. They have kept the price above the whole number where they seem to be coveting the highs for higher volumes, and coming down...
I'm sort. too.
I write about this pair 2 may
http://www.forexfactory.com/showthread.php?p=7442906#post7442906
  • #70,520
  • May 5, 2014 10:50am May 5, 2014 10:50am
UJ, and now the MM's start their ranging above the whole number 102.000 again. Will recent history repeat itself. IMO worth watching! (brought M1 in tight for visual only)
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Keep It Simple
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