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Sonic R. System

  • #73,001
  • Edited 10:48am Jun 9, 2014 8:43am | Edited 10:48am
Same as TAH, just closed my EURJPY short trade, but it was a Classic Short. Banked in 96.6 pips.

Classic is safer than Scouts for New Sonicers!
XT
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Trading is not easy
  • #73,002
  • Edited 9:18am Jun 9, 2014 8:58am | Edited 9:18am
USDCAD Comment:

Some here might be in this short, or might be thinking of shorting this, so I decided to chance an opposite viewpoint.

Today the MMs whacked the price to previous lows where there was high activity. There is high activity at these lows today, too. It is very unlike the MMs to whack the price in order to have lower prices to be accumulating short orders. The conclusion is that the MMs are accumulating long orders ahead of the USD and CAD releases coming this week. They might take the price lower, maybe down to the lower whole number area. So, anyone short might make some profit. The way things look now the better trade, however, would be to wait for a Classic long setup. And, if there is a Classic long setup well in advance of these releases, and you enter it, be ready to insert a long Scout in case the MMs whack the price again in conjunction with the releases.

Warning: Speculative.
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  • #73,003
  • Jun 9, 2014 9:44am Jun 9, 2014 9:44am
JPY Pairs Comment:

If you look at the FF Calendar - which you can view for the whole week as well as the following whole week - you will see there are only two JPY release later this week (3 days hence) and nothing for the following week. Meanwhile, the only catalyst for these pairs to move is with the other side of the pair. AUD, GBP, NZD and USD all have multiple releases coming sooner, which could be catalysts. Unless some surprise announcement regarding JPY comes out sooner, the intervening moves will be determined by the other side of the pair. In any case, a trade plan on any JPY pair should take this three day "build up phase" into consideration, meaning beforehand the MMs are likely to be moving prices opposite to what they plan on doing later. Just remember, we cannot know how price will move next, but we can watch to see what the MMs do with price leading up to the times of key releases. This is important because MMs do not react to releases, they scheme in advance of them.

-tah
  • #73,004
  • Jun 9, 2014 10:01am Jun 9, 2014 10:01am
USDCAD Long Trade Opened:

Scout entry based on MMs whacking price back to previous lows on notable activity. This could go lower, in which case adding to the trade is a possibility. There are multiple USD releases coming, which could mean the MMs are taking the price lower now in order to load up with long orders. We cannot know for sure, though, how the price will move next. No TP at this time.
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  • #73,005
  • Jun 9, 2014 10:06am Jun 9, 2014 10:06am
Quoting traderathome
NZDUSD Short Trade Opened: Classic entry. Nice PA waves with notable activity at the highs. No TP at this time. If this gets retraced I would presume it would be the MMs looking to load up with more short orders, and would be an opportunity to add a short Scout. It will depend though on what things look like at the time, should it happen. {image}
NZDUSD Short Trade Closed:

Closed for 276 pips gain. I added to the trade while it was "running green". Price reached previous lows. It could go lower without a nice retrace, but this is decent profit. If it does retrace nicely (back up close to upper whole number) I might open a new short trade on it.
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  • #73,006
  • Edited 10:46am Jun 9, 2014 10:07am | Edited 10:46am
Quoting frank-lv
USDCAD classic short open. {image}
I was in this same trade. Just got out at S1

Edit:

Sorry prof. Won't happen again Is there also a rule of conduct regarding asking for comments for a potential trade? I get that this ain't a signal service, but as a newbie, I would love some comments on a potential trade setup and what seniors here have to say for educational purposes (again, if that is allowed. If not, then I won't ask again anyways). Thanks for your patience

USD CAD trade. Classic short entry. Closed at S1 due to possible strong support point (strong reaction from S1 and whole number)
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Entities should not be multiplied without necessity - Occam's razor
  • #73,007
  • Jun 9, 2014 10:27am Jun 9, 2014 10:27am
GU closed for few green pips.. bad entry + bad exit (im a grade D Student ).. will improve next time.
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  • #73,008
  • Edited 10:48am Jun 9, 2014 10:34am | Edited 10:48am
Quoting traderathome
USDCAD Long Trade Opened: Scout entry based on MMs whacking price back to previous lows on notable activity. This could go lower, in which case adding to the trade is a possibility. There are multiple USD releases coming, which could mean the MMs are taking the price lower now in order to load up with long orders. We cannot know for sure, though, how the price will move next. No TP at this time. {image}
USDCAD, Short Trades Opened and Closed, reason is as same as TAH opening Long Scout, the sudden whack down of the PA, I decided to closed and take the profit, banked in 40.2 pips.


XT
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Trading is not easy
  • #73,009
  • Jun 9, 2014 10:49am Jun 9, 2014 10:49am
Hi TAH,

Thanks for the reminder, I edited my posts already.

XT
Trading is not easy
  • #73,010
  • Edited 12:18pm Jun 9, 2014 11:26am | Edited 12:18pm
Quoting frosty85
{quote} I was in this same trade. Just got out at S1 Edit: Sorry prof. Won't happen again Is there also a rule of conduct regarding asking for comments for a potential trade? I get that this ain't a signal service, but as a newbie, I would love some comments on a potential trade setup and what seniors here have to say for educational purposes (again, if that is allowed. If not, then I won't ask again anyways). Thanks for your patience USD CAD trade. Classic short entry. Closed at S1 due to possible strong support point (strong reaction...
frosty85,

You can presume from Post #1 the proper etiquette for getting opinions is to post your own analysis/picture and ask for the opinions of others about it.

You are correct in that we are not a signals service, though there are plenty of folks that will never do the work to become competent traders, and instead they lurk here for signals. Our focus is in improving this thread text book as the medium thru which those traders that are willing to do necessary work, will have plenty of proper examples of how to apply the Sonic R. System on an on-going basis, and plenty of examples on how the Robber Bank MMs manipulate market prices in order to steal money from others.

In my opinion, it takes awareness of both to become successful, because the market is not all nicey-nicey, giving proper setups in abundance. And what proper setups it does give, are sometimes subject to subsequent price manipulations in order to both stop out and fake out "right side" traders. So, we need not only learn to recognize a proper Classic setup, we need to recognize when price moves against the trade of such a setup, if we should hold, fold or add a Scout. Then too, there are those times when opening a trade with a Scout is appropriate - although of higher risk - even before the Classic setup occurs. Clearly, we need to have a good understanding of the Robber Bank MM's manipulation of market prices, as well as of a proper Classic setup.

-tah
  • #73,011
  • Jun 9, 2014 1:18pm Jun 9, 2014 1:18pm
I'm trying to learn whats going on, I saw high activity at the highs at a round number and I added positions on the way down while the wave formed.
I did set TP a little bit before round number 1.0900.
I'd like to read your comments
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  • #73,012
  • Jun 9, 2014 1:29pm Jun 9, 2014 1:29pm
I saw a volume decrease on H4, H1, high volume activity around a quarter but my entries were a "prediction" price will fall and didn't get a confirm that MM are bears.
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  • #73,013
  • Jun 9, 2014 5:07pm Jun 9, 2014 5:07pm
Quoting AdrianC
{quote} Before you ask question/bashing people, please think and read how the "Trade Level" indicator coded into function. This is the way how the "Trade Level" calculate pips. Default setting is based on 1 Micro Lot. Therefore, 1 Micro-Lot (unit) generates 19 pips profit. 10 Micro-Lot (units) generates 190 pips profit. {image} You can change your setting if you're using Mini-Lot / Standard-Lot. Don't repeat next time. -AdrianC.
Theres a giant gap of a difference between netting an actual 190 pips and adding a zero to your lot size to "generate" 190 pips profit. That giant gap is called risk. Your misleading posts (well TAH's chart posts atleast) make it seem as if you are some type of godlike pip generating machine. The daily, monthly ranges of some of the "pips" you make don't even exist in reality.

"Trade Level" seems like a useless device to anyone except someone attempting at promoting this system or thread. You are being very misleading to the newcomer and to anyone who hasn't took a clear look at your charts. Lot size doesn't determine pips made in trade, it just determines profit. It actually may have a detrimental effect on someone properly calculating their risk. Your charts and system are well constructed, however the size and following of your thread is without a doubt helped along by this fallacy. I hope everyone here knows this.
  • #73,014
  • Edited 7:16pm Jun 9, 2014 6:50pm | Edited 7:16pm
Quoting ch0c
{quote} Theres a giant gap of a difference between netting an actual 190 pips and adding a zero to your lot size to "generate" 190 pips profit. That giant gap is called risk. Your misleading posts (well TAH's chart posts atleast) make it seem as if you are some type of godlike pip generating machine. The daily, monthly ranges of some of the "pips" you make don't even exist in reality. "Trade Level" seems like a useless device to anyone except someone attempting at promoting this system or thread. You are being very misleading to the newcomer and...
ch0c,

You are full of yourself and presumptuous to criticize an indicator without having the slightest understanding of it's very sophisticated coding - coding by a professional that helped us by spending many hours of his own time in support of this thread. It is good folks like that which have helped this thread become the success it is. You are ignorant and negative, and not likely to be an asset to any thread. Nobody asked you to come here, and nobody is asking you to leave. You are gone from here.

You have been at Forex Factory less than two months. You are still very wet behind the ears, and certainly in no position to judge others. If you behave obnoxiously on other threads, you might find yourself bounced from them too.

I suggest you go back to your own thread, "Ch0c's 10 King Pip Commandments", where you can criticize all you want all the things you have no understanding of. And when you get tired of your own negativism and ignorance, you can put yourself on "Ignore".

-tah
  • #73,015
  • Jun 9, 2014 7:12pm Jun 9, 2014 7:12pm
I appreciate ALL the work that has contributed to make this forum an outstanding trading manual. Us new people have it easy. Just read the previous posts and do your homework. If you don't like the information just move on to a different forum.
  • #73,016
  • Edited 7:57pm Jun 9, 2014 7:42pm | Edited 7:57pm
AUDUSD:

Sonicers,

This one has a release in about 45 minutes, which might be a catalyst for a modest move. Yesterday the MMs put the price mostly above the half number, with strong activity on the down bars from there. They might have been accumulating short orders. We cannot know how the price will move, but it is a possible clue. There are more AUD releases this week, so it complicates things. Until the last of them, price might not get far, and just go into ranging as the MMs work the price up/down to help them build bigger positions.
  • #73,017
  • Jun 9, 2014 7:43pm Jun 9, 2014 7:43pm
Quoting ch0c
{quote} Theres a giant gap of a difference between netting an actual 190 pips and adding a zero to your lot size to "generate" 190 pips profit. That giant gap is called risk. Your misleading posts (well TAH's chart posts atleast) make it seem as if you are some type of godlike pip generating machine. The daily, monthly ranges of some of the "pips" you make don't even exist in reality. "Trade Level" seems like a useless device to anyone except someone attempting at promoting this system or thread. You are being very misleading to the newcomer and...
ch0c,

I just translate a word from mandarin yesterday and introduced to TAH for people like you.
(Can't translate the exactly the same but the essence is there)
"Keep your smart with you, don't be a smart aleck!"

You think this is "misleading", but have you read everything in Post #1 and follow where it guides you before you give you "smart aleck" opinion?
This system exist in FF for a good 6 years. It's a successful system, where so many of the "real effort learner" are making profit by analysis the charts with it profit on its own.
Before you judge anything, understand the theory behind before you give your "smart aleck" opinion which make jokes for us to laugh.

-AdrianC.
  • #73,018
  • Jun 9, 2014 7:46pm Jun 9, 2014 7:46pm
Quoting traderathome
AUDUSD: Sonicers, This one has a release in about 45 minutes, which might be a catalyst for a modest move.
AUDUSD

Pre-London & Pre-News classic long.
But price currently below dragon & trend.
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M1 shows bullish sign.
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-AdrianC.
  • #73,019
  • Jun 9, 2014 8:05pm Jun 9, 2014 8:05pm
Quoting AdrianC
{quote} AUDUSD Pre-London & Pre-News classic long. But price currently below dragon & trend. {image} M1 shows bullish sign. {image} -AdrianC.
AUDUSD:

Yes, M1 might appear bullish. It can happen that way if the MMs start working the price upwards for better shorts before and at the time of the release. So, it does not mean it is bullish. It might be, and it might not be. The MMs might finally get price back above the half number, and that could turn out to be very bearish.
  • #73,020
  • Jun 9, 2014 8:24pm Jun 9, 2014 8:24pm
Quoting traderathome
{quote} AUDUSD: Yes, M1 might appear bullish. It can happen that way if the MMs start working the price upwards for better shorts before and at the time of the release. So, it does not mean it is bullish. It might be, and it might not be. The MMs might finally get price back above the half number, and that could turn out to be very bearish.
Understood, thanks for the info.
So I better stay this bull out. Rather earn less than going against MMs.

-AdrianC.
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