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Sonic R. System

  • #70,661
  • May 6, 2014 4:12pm May 6, 2014 4:12pm
Quoting Repsaj
{quote} If you take a pin that is not confirmed, because it seems very powerful: we must respect the stoploss. The problem was not respecting the stoploss. The problem is lack of discipline. The other entries are like as you say, allisonmagic. {image}

well you're the one who lost, so i guess you're right.
  • #70,662
  • May 6, 2014 4:18pm May 6, 2014 4:18pm
Quoting allisonmagic
{quote} well you're the one who lost, so i guess you're right.
I thought, "I have to close and respect the stop losss ." But waiting for the next news, hoping that there was such as to affect adversely the pair. But all the news was good.
Admittedly, the pin and the volume and round number invited trade short.
Check your emotions. How are you?
  • #70,663
  • May 6, 2014 4:19pm May 6, 2014 4:19pm
Quoting Repsaj
{quote} I thought, "I have to close and respect the stop losss ." But waiting for the next news, hoping that there was such as to affect adversely the pair. But all the news was good.
employment data coming up soon. maybe you can redeem yourself
  • #70,664
  • May 6, 2014 4:25pm May 6, 2014 4:25pm
Quoting allisonmagic
{quote} employment data coming up soon. maybe you can redeem yourself
Have no doubt!
Check your emotions. How are you?
  • #70,665
  • May 6, 2014 4:34pm May 6, 2014 4:34pm
Quoting Repsaj
{quote} Have no doubt!
watching GBPNZD.. looks like they are ahead of the news once again.. driving up price, looking to suck in longs for liquidity.. i'm thinking NZD strength by the time this release is out. i'll be ready to short GBPNZD
Attached Image (click to enlarge)
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  • #70,666
  • Edited 4:54pm May 6, 2014 4:42pm | Edited 4:54pm
Quoting allisonmagic
{quote} watching GBPNZD.. looks like they are ahead of the news once again.. driving up price, looking to suck in longs for liquidity.. i'm thinking NZD strength by the time this release is out. i'll be ready to short GBPNZD {image}
I have not analyzed this pair allisonmagic. But at first glance it seems that your posture is correct.

In that case you would like me: short, against a classic long. (just kidding)
Attached Image (click to enlarge)
Click to Enlarge Name: short contra classic long.PNG Size: 80 KB
Check your emotions. How are you?
  • #70,667
  • May 6, 2014 4:52pm May 6, 2014 4:52pm
Quoting Repsaj
{quote} I have not analyzed this pair allisonmagic. But at first glance it seems that your posture is correct.

I'm trying not to over complicate things.. i see this happen every time a high impact release comes out. if you want to get more Sonic Technical, here's a possible classic short setting up on the 4h, Bouncing off resistance at the dragon around 9500 whole number which happens to be a wave 2. correct me if i'm wrong.

beyond the technical analysis of the pair.. i just noticed when a news release is about to come out (high impact), the price moves heavily in 1 or another direction.. over time or in 1 fell swoop.. like gbpnzd is doing right now.. i see this and take it as a pump in either direction to get price where they want before the release.
Attached Image (click to enlarge)
Click to Enlarge Name: gbpnzd-h4-forex-capital-markets.png Size: 98 KB
  • #70,668
  • May 6, 2014 5:01pm May 6, 2014 5:01pm
Quoting allisonmagic
{quote} I'm trying not to over complicate things.. i see this happen every time a high impact release comes out. if you want to get more Sonic Technical, here's a possible classic short setting up on the 4h, Bouncing off resistance at the dragon around 9500 whole number which happens to be a wave 2. correct me if i'm wrong. {image}
I just look at the daily chart. Had you seen?
Attached Image (click to enlarge)
Click to Enlarge Name: diario gbpnzd.PNG Size: 91 KB
Check your emotions. How are you?
  • #70,669
  • May 6, 2014 5:03pm May 6, 2014 5:03pm
Quoting Repsaj
{quote} I just look at the daily chart. Had you seen? {image}

if i look at a daily chart, i look only up to 5 candles.. 1 week of data.. if you zoom out more than 1 week, you turn into an investor instead of a trader. a week of data, and i'm looking for the next week. daily charts don't help me trade news
  • #70,670
  • May 6, 2014 5:20pm May 6, 2014 5:20pm
Quoting allisonmagic
{quote} if i look at a daily chart, i look only up to 5 candles.. 1 week of data.. if you zoom out more than 1 week, you turn into an investor instead of a trader. a week of data, and i'm looking for the next week. daily charts don't help me trade news
Attached Image (click to enlarge)
Click to Enlarge Name: trader.PNG Size: 73 KB
Check your emotions. How are you?
  • #70,671
  • May 6, 2014 5:24pm May 6, 2014 5:24pm
Guys: allisonmagic, cigarguy and company, I have to go to sleep. Bye.
Check your emotions. How are you?
  • #70,672
  • May 6, 2014 5:30pm May 6, 2014 5:30pm
Quoting Repsaj
Guys: allisonmagic, cigarguy and company, I have to go to sleep. Bye.

goodnight !
  • #70,673
  • Edited 6:33pm May 6, 2014 5:47pm | Edited 6:33pm
Quoting Repsaj
{quote} If you take a pin that is not confirmed, because it seems very powerful: we must respect the stoploss. The problem was not respecting the stoploss. The problem is lack of discipline. The other entries are like as you say, allisonmagic. {image}
Analysis is Not an Entry Method

Regarding the annotated chart below that was previously posted, the Classic long trade had begun. At the whole number the first retrace began (PVSRA: so as to accumulate more longs below the whole number).

With the Sonic R. System we do not short while the price is above the Dragon, especially if the price is also above the Trend and both the Dragon and Trend are angled up. The retrace in the new uptrend is an opportunity to wait the retrace out and add to the Classic long trade on evidence the bottom of the retrace is complete (and so long as the trade is in the green). If in a situation where a retrace has the trade in the red, we would wait for the price to resume the uptrend and add at some point only after the trade has come back into the green.

I know that it is easy to "analyze after the fact", but please do keep in mind "...let the Dragon and PA show the way...." It is fundamental to the Sonic R. System that we should trade long only when PA is above the Dragon and trade short only when PA is below the Dragon. Various analysis - trend lines, individual candles, anything PVSRA might encompass - can sometimes seem to point to ideal "tops or bottoms" to make entry, but the Sonic R. System is not at all about such manner of trading.

In summary, the Sonic R. System does not use any form of analysis as an entry method. The Classic setup is the entry method. Analysis is used only to validate Classic trades and to validate additional entries to Classic trades that are in the green.

-tah
Attached Image (click to enlarge)
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  • #70,674
  • Edited 6:16pm May 6, 2014 5:55pm | Edited 6:16pm
Quoting allisonmagic
{quote} I'm trying not to over complicate things.. i see this happen every time a high impact release comes out. if you want to get more Sonic Technical, here's a possible classic short setting up on the 4h, Bouncing off resistance at the dragon around 9500 whole number which happens to be a wave 2. correct me if i'm wrong. beyond the technical analysis of the pair.. i just noticed when a news release is about to come out (high impact), the price moves heavily in 1 or another direction.. over time or in 1 fell swoop.. like gbpnzd is doing right...

pump and dump situation.. they drove price up,, then let it fall and now pumping it up again... that was an interesting little move

went ahead and took half of that bull run. can't always be right.

the data was actually good for NZD, and yet they dropped the thing almost out of sight.
Attached Image(s) (click to enlarge)
Click to Enlarge Name: gbpnzd.png Size: 63 KB
Click to Enlarge Name: Image1.png Size: 4 KB
  • #70,675
  • Edited 6:59pm May 6, 2014 6:38pm | Edited 6:59pm
Quoting traderathome
EURAUD Short Trade Opened: Entered short #1, Classic, as price was retraced up to established SR area. {image}
EURAUD Short Trade Update:

Added short entries #2-4 to this Classic short trade as the price moved lower, but while still above the whole number. Have very tentative TP near RWL.
Attached Image (click to enlarge)
Click to Enlarge Name: may 2014 - 016.png Size: 70 KB
  • #70,676
  • May 6, 2014 7:21pm May 6, 2014 7:21pm
Quoting billko1977
EA Appears to me that EA MM's are bears and its just a matter of time before they make a profit run. loads of selling above 1.4975 on the 15m chart and also above 1.500 with significant volume. the bigger picture shows PA coming down from a head and shoulder neckline break and is currently ranging at the neckline resistance zone. looks to me that they have been at this for a solid week or so and have accumulated a ton of shorts. {image} {image}
Classic short entered due to previous PVSRA pointing towards MM's being bears with heavy selling above 1.4975 and 1.5000


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  • #70,677
  • May 6, 2014 7:36pm May 6, 2014 7:36pm
Quoting loeil
USDCHF - bulls. Price came to support area on very high volume. Also there is a nice buying wick on M15. I don't take that, because I have 4 pairs opened for now. {image} {image}
Thanks for sharing loeil. I also in the trade.
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  • #70,678
  • May 6, 2014 8:08pm May 6, 2014 8:08pm
Quoting billko1977
{quote} Classic short entered due to previous PVSRA pointing towards MM's being bears with heavy selling above 1.4975 and 1.5000 {image}
AUD news in 30 minutes.
Take what the market gives you.
  • #70,679
  • May 6, 2014 8:28pm May 6, 2014 8:28pm
Quoting Tiggrrr
{quote} AUD news in 30 minutes.
News last night was a catalyst for the move down from the 149.70 area so i plan on weathering this set of announcements. I entered fairly small and plan to trade what i see after the news.
Thanks for the heads up!
  • #70,680
  • May 6, 2014 8:32pm May 6, 2014 8:32pm
GBPUSD trade opened.
Attached Image (click to enlarge)
Click to Enlarge Name: gbpusd.jpg Size: 210 KB
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