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Sonic R. System

  • #73,561
  • Jun 23, 2014 1:24pm Jun 23, 2014 1:24pm
Quoting loeil
{quote} Why did you close it? AU - I see weakness up there and possible start of down trend. {image} {image}
Yes I know, I see but two orders too big for keep. I start build with small.
  • #73,562
  • Jun 23, 2014 5:55pm Jun 23, 2014 5:55pm
Quoting bolehbah69
{quote} i agree with you tah on a pull back, continue with the rising wedge broken, i expect a pull back at least to 61.8 fibs level, even better if it pull back to the 50 fibs level for stronger downward move. Reason for pull back: the last red downward volume does not validate with the candle, previous candle has shorter volume, but the candle is not longer than the last candle.. the last red candle is longer than the 2nd candle but its volume is shorter than the 2nd candle, this should allow the price moving back to upward. If this a down move,...


You was absolutely RIGHT.
Trading 24/h
  • #73,563
  • Jun 23, 2014 9:04pm Jun 23, 2014 9:04pm
I opened Short AUD/USD{Scout}
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  • #73,564
  • Jun 23, 2014 9:27pm Jun 23, 2014 9:27pm
I'm still new here . If someone else had a different way of reading the chart below like I did ( or think that the way my analysis is not correct ) , please do correct me T___T . If however you have similar/same way of the reading please inform me also to give me some confident on my own analysis , I want to learn the correct way badly T____T .



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  • #73,565
  • Jun 23, 2014 9:46pm Jun 23, 2014 9:46pm
Quoting Rylai
I'm still new here . If someone else had a different way of reading the chart below like I did ( or think that the way my analysis is not correct ) , please do correct me T___T . If however you have similar/same way of the reading please inform me also to give me some confident on my own analysis , I want to learn the correct way badly T____T . {image}
I think your analysis is proper.

You mentioned the area where price went up, but on modest volume, and which you prescribed as meaning bulls. There are times that bears push price up to get longs triggered so they can have liquidity to short. The modest volume might only mean there were not a lot of longs to be triggered on the queue as the bear MMs pushed the price higher.

Personally, I view this as going higher, not because the bulls are in control, but because the bears are, and I do not think they will stop pushing the price up until they maybe get it to the upper half number/RDH, or even the upper whole number/RWH. But, we cannot now how the price will move next, so we wait and see, and closely examine any Classic setup within the overall picture at that time.

-tah
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  • #73,566
  • Jun 23, 2014 10:12pm Jun 23, 2014 10:12pm
Quoting traderathome
GBPUSD Long Trade Opened: Entered with Scout based on US market opening at lows - established support area - with high activity supporting the price. {image}
GBPUSD Long Trade Closed:

Closed for a gain of 10 pips average, 50 pips total.
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  • #73,567
  • Jun 23, 2014 10:19pm Jun 23, 2014 10:19pm
Quoting traderathome
GBPJPY Long Trade Opened: Entered with Scout based on price now being down on support and with good activity now showing up at the lows on M1. Only a guess, but this might be whipped up by the US MMs for their reloading of shorts. So, this trade is in anticipation of such a retrace move back higher. If the US market opens with a small whack so the MMs can load up longs for the retrace move, I might add to this long trade. Time will tell. {image}
GBPJPY Long Trade Closed:

Closed for gain of 25 pips average, 250.5 pips total.
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  • #73,568
  • Jun 23, 2014 10:31pm Jun 23, 2014 10:31pm
Quoting traderathome
AUDUSD Long Trade Opened: Entered with Scout based on price stalling at support (PVSRA: 1/4 level) and then with higher activity showing up on M1 chart, and also based on the premise the MMs will take price back up for more shorting before they begin any substantial run down. The more times the MMs run the price up and down, the more liquidity they can create to enable their own shorting. And if they are planning a run down of 1,000 pips then they will be wanting lots of shorts! No TP set because this could go past previous highs, maybe to above...
AUDUSD Long Trade Closed:

Closed for gain of 5 pips average, 150.5 pips total. I added to the trade after initial posting as the price dropped. I am closing now for few pips because I do not like the PA. It might go higher but it looks bearish now to me.
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  • #73,569
  • Jun 23, 2014 11:26pm Jun 23, 2014 11:26pm
Quoting traderathome
{quote} I think your analysis is proper. You mentioned the area where price went up, but on modest volume, and which you prescribed as meaning bulls. There are times that bears push price up to get longs triggered so they can have liquidity to short. The modest volume might only mean there were not a lot of longs to be triggered on the queue as the bear MMs pushed the price higher. Personally, I view this as going higher, not because the bulls are in control, but because the bears are, and I do not think they will stop pushing the price up until...


The modest volume might only mean there were not a lot of longs to be triggered on the queue as the bear MMs pushed the price higher.

I'm sorry I don't quite get this . Not a lot of longs to be triggered on the queue as the bear MM push the price higher ?


Personally, I view this as going higher, not because the bulls are in control, but because the bears are, and I do not think they will stop pushing the price up until they maybe get it to the upper half number/RDH, or even the upper whole number/RWH.

I think what you meant in this statement looks a bit similar to the Sonic R. S/R theory , but just presume that bearish may not come so soon at the current upside whole number level . The MM which is on the bear side , are still wanting to push the price to the next upper half number level or maybe even the next upper whole number level so that they can trade with their thumbs up rule , sell at high price .


But, we cannot now how the price will move next, so we wait and see, and closely examine any Classic setup within the overall picture at that time.

Ahhh okay .
  • #73,570
  • Edited 11:44pm Jun 23, 2014 11:27pm | Edited 11:44pm
Quoting feinan
{quote} 13 hours later.. told cha.. {image}
AUD/USD Scout Short placed, TP area possible hit. filling the gap. patiently waiting LO for another Re-entry.

feinan
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t.me/LWBRfx Discord.io/LWBR
  • #73,571
  • Jun 23, 2014 11:43pm Jun 23, 2014 11:43pm
Quoting traderathome
EURUSD Long Trade Opened: Entered with two Scouts based on the M15 Dragon being angled up and the high activity whack job given this by the MMs at the first release. To me, it looks like accumulation of longs ahead of the next EUR release. Whether price starts going up then, or is held down by the MMs until later (USD release coming today) we cannot know. If this gets whacked sufficiently lower, I might add. {image}
EURUSD Long Trade Closed:

Closed for gain of 11.5 pips average, 288.5 pips total.
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  • #73,572
  • Jun 23, 2014 11:55pm Jun 23, 2014 11:55pm
Quoting traderathome
{quote} EURUSD Long Trade Closed: Closed for gain of 11.5 pips average, 288.5 pips total. {image}
nice scalp prof .. I smell bear on EU, i think last week high may revisit again before further upward or downward movement..
watching boxed area..

feinan.
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  • #73,573
  • Jun 24, 2014 12:18am Jun 24, 2014 12:18am
Quoting feinan
{quote} AUD/USD Scout Short placed, TP area possible hit. filling the gap. patiently waiting LO for another Re-entry. feinan {image}
35 minute later.. told cha..
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  • #73,574
  • Jun 24, 2014 12:19am Jun 24, 2014 12:19am
EURUSD Short Trade Opened:

Scout entry based on price being whipped up above whole number followed by increased activity (PVSRA) within an hour before a EUR release. Smells like bears loading up on shorts, but time will tell. At this point, unless analysis changes, if price gets whipped higher today, I will add to this short trade.
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  • #73,575
  • Jun 24, 2014 12:38am Jun 24, 2014 12:38am
Quoting Gupito1508
{quote} The first page http://www.forexfactory.com/showthread.php?t=114792 shows 2 manual that tell you how to avoided the rally... One is Sonic Manual pdf, the second is PVSRA pdf... Regards, Gupito Poernawan
Salamat pagi Gupito.

I read your manual Sneak into Classic again, I like the way you manage your multiple position. I did not see many people doing this in this forum, but I think its a good idea. Also in your manual you cover when you entry your position but you don't cover how you exit your trade which is the most important part of the trade in my opinion. Finally in your example you give 4 example of entry position. But the first one seem a little bit sketchy, of course I can not see the whole picture (Higher TF) but even the dragon is not really facing up. Actually it will more look like a good entry for short. Maybe you can elaborate more on that first entry.

Terimakasi =)
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  • #73,576
  • Jun 24, 2014 1:56am Jun 24, 2014 1:56am
Quoting HappyTrigger
GBPUSD 15M : Short Scout : A lot of volume above the half number. Also nice progression of the volume on the down side. Target is the whole number and stop is above the half number. {image}
GBPUSD Short Closed : Probably exit too early but I'm happy.
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  • #73,577
  • Jun 24, 2014 2:17am Jun 24, 2014 2:17am
I'm happy too!
  • #73,578
  • Jun 24, 2014 2:20am Jun 24, 2014 2:20am
Quoting HappyTrigger
{quote} Salamat pagi Gupito. I read your manual Sneak into Classic again, I like the way you manage your multiple position. I did not see many people doing this in this forum, but I think its a good idea. Also in your manual you cover when you entry your position but you don't cover how you exit your trade which is the most important part of the trade in my opinion. Finally in your example you give 4 example of entry position. But the first one seem a little bit sketchy, of course I can not see the whole picture (Higher TF) but even the dragon is...
Yes, I'll covered on next pdf... Just let the new sonicer chew it for a while... Throw lot of instruction without they try and chew it is useless... Step, by step, then let them understand will be great...
Regards,
Gupito Poernawan
It's all started from page one
  • #73,579
  • Jun 24, 2014 2:30am Jun 24, 2014 2:30am
EURGBP open and closed
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  • #73,580
  • Jun 24, 2014 2:33am Jun 24, 2014 2:33am
Quoting FXRobert
GBPUSD start build short with small orders. {image}
by mistake I closed
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