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Sonic R. System

  • #72,021
  • May 22, 2014 2:56am May 22, 2014 2:56am
Quoting AdrianC
Just to cross check with you guys, Does your broker shows the London Open "Gap"? {image}
Gap here too..
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Whatever is obvious is obviously wrong!"
  • #72,022
  • May 22, 2014 3:00am May 22, 2014 3:00am
Quoting AdrianC
Just to cross check with you guys, Does your broker shows the London Open "Gap"? {image}
Xm no gap
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Mforex no gap

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  • #72,023
  • May 22, 2014 3:03am May 22, 2014 3:03am
JPN225:

close all longs at profit, I cant wait 14988 Daily resistance area, prefer to preserve account now.

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  • #72,024
  • May 22, 2014 3:06am May 22, 2014 3:06am
I can say with much conviction that it is important to understand the ins and outs of a classic sonic trade before dabbling in scout entries. Honestly I am not comfortable taking scouts but it is proven time after time that classic entries can be profitable. Just put the work in to understand why classic entries work and then move on to the more complicated scouts.

I haven't had time to post my trades over the last few days but here is a GU long classic I'm currently in. You can see that price struggled to make it back to the quarter number which is also a zone of demand. When I saw high volume on top of the daily pivot it gave me a signal to look for classic long entries.



I think alot of what Sonic is about is to master the classic trade.. I see alot of new people coming in here and jumping straight to scout entries. I would advise against doing so as it's a counter-trend method and you MUST MUST MUST have the experience in order to place successful scouts.

One does not simply master counter-trend without learning the basics.
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  • #72,025
  • May 22, 2014 3:09am May 22, 2014 3:09am
Quoting altamar
JPN225: close all longs at profit, I cant wait 14988 Daily resistance area, prefer to preserve account now. {image}
long ? I know. You show sell panel. Can You show target long?
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  • #72,026
  • May 22, 2014 3:28am May 22, 2014 3:28am
USDCAD H1 TF H&S aprox 60 pips high.
M15 potential classic short entry (2nd chance)
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  • #72,027
  • Edited 3:58am May 22, 2014 3:41am | Edited 3:58am
Quoting gusetch
USDCAD H1 TF H&S aprox 60 pips high. M15 potential classic short entry (2nd chance) {image} {image}
USDCAD:

Only two days ago the H1 Dragon crossed up thru the Trend. Price has not gone even 70 pips since then, and we have had more significant activity at lows than at highs since then. Also, with the USD and CAD releases coming, if the MMs are bulls then it stands to reason they will lower price ahead of time to further advantage their long building. And they have continued to look like bulls ever since their Torpedo & Buy move on May 8-9 (see your H4 chart).

Finally, on M15 see that price is in a narrow range, so even though the setup is near the top of the range, there are very few pips to the bottom, where price might bounce if the MMs are bulls.

Conclusion is, be careful if going short, very careful. With the releases coming, it might be prudent to wait this out and see what happens.
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  • #72,028
  • May 22, 2014 3:43am May 22, 2014 3:43am
GU update:

Only got out at BE but now I am short! It's very important to cover your trade before big news!
  • #72,029
  • Edited 4:23am May 22, 2014 4:06am | Edited 4:23am
Quoting traderathome
{quote} EURUSD: I agree with you, loeil, that it looks bullish. Add the Day Range to the current price area and that puts the price near the half number that is above the upper whole number. Could the plan be to hike the price so that the Robber Banks will have time up there between the coming EUR and later coming USD high impact releases to close longs and switch back to shorts? Who knows. For now, since there was a nice drive down thru the lower half number with a candle that closed well above the candle low - typical of MMs creating bear momentum...
EURUSD:

I no longer see this as bullish. The EUR high impact release seems not to have had any impact. The price has been drifting up, so if it is the USD releases that the Robber Banks are timing their play for, the likelihood now is that they are bears manipulating the price upwards and supporting the price, while rebuilding their short positions. I could be wrong, have been before. For now, there is no good Classic setup for either direction (PA too spiky for a long), and with the USD releases coming, it is not prudent to be looking to start a trade beforehand.
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  • #72,030
  • May 22, 2014 4:20am May 22, 2014 4:20am
Quoting traderathome
{quote} EURUSD: I no longer see this as bullish. The EUR high impact release seems not to have had any impact. The price has been drifting up, so if it is the USD releases that the Robber Banks are timing their play for, the likelihood now is that they are bears manipulating the price upwards and supporting the price, while rebuilding their short positions. {image}
I agree with tah at the moment. Is pressure down. I closed some orders and I wait . Some I keep because I think EURUSD move up early.
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  • #72,031
  • May 22, 2014 4:22am May 22, 2014 4:22am
Now that my conscience allows me to post trades consisting of scout EP's before a classic setup, here's one that confirmed with a classic while I was away from the computer (either having dinner, or falling asleep on the lounge thereafter). In this case, scouts were added above the whole number, even though MM's briefly pushed price below it. We can see that price was essentially moving sideways as the scouts were added, not continually moving down. This is how Sonic has demonstrated on his YouTube video, not with as many scouts as I have in this trade, but with the principle of not adding scouts when the market is moving against you. Had price continued moving further below the whole number I would have ceased adding more scouts.
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  • #72,032
  • May 22, 2014 4:24am May 22, 2014 4:24am
FXRobert, I've send you a shout (message) one week ago. Could you please check?
  • #72,033
  • May 22, 2014 4:27am May 22, 2014 4:27am
They come
They try
Something not so?
They are irritated
They score off other
And they disappear
Emotions, emotions, emotions
The market is not for such people

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  • #72,034
  • May 22, 2014 4:37am May 22, 2014 4:37am
Quoting dvarrin
FXRobert, I've send you a shout (message) one week ago. Could you please check?
I write Your profil.
  • #72,035
  • May 22, 2014 4:41am May 22, 2014 4:41am
Hi mr TAH

I think , gbpaud create classic ,I want your idea about this setup

please help me about volume
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  • #72,036
  • Edited 5:01am May 22, 2014 4:50am | Edited 5:01am
Quoting ramin1234
Hi mr TAH I think , gbpaud create classic ,I want your idea about this setup please help me about volume {image}
I'm not TAH but very interesing pair You show.
My opinion.
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  • #72,037
  • May 22, 2014 5:05am May 22, 2014 5:05am
Quoting FXRobert
They come They try Something not so? They are irritated They score off other And they disappear Emotions, emotions, emotions The market is not for such people {image}

some people just sick of listening to bullshit
  • #72,038
  • May 22, 2014 5:06am May 22, 2014 5:06am
Bailed before the upcoming news
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Years wandering the desert and laughter by the mirage
  • #72,039
  • May 22, 2014 5:20am May 22, 2014 5:20am
Quoting Staedtler
{quote} some people just sick of listening to bullshit
I also piss off sometimes.
I see incompatible entries with Clasic
I showed myself such
I stop because I know that this misinforms.
I will show only these which I consider that they are classical and conforming with rules.
  • #72,040
  • May 22, 2014 5:29am May 22, 2014 5:29am
Quoting antonmn
Bailed before the upcoming news {image}{image}

why were you buying into a down trend ? can you explain this trade ?
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