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Sonic R. System

  • #74,421
  • Jul 18, 2014 6:11am Jul 18, 2014 6:11am
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GBPAUD: close all shorts at the daily support area. Now if appear classic figure it's time to build longs
  • #74,422
  • Jul 18, 2014 6:24am Jul 18, 2014 6:24am
Quoting loeil
GU - short. {image}
GU - closed for 3538 pips gain
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Whatever is obvious is obviously wrong!"
  • #74,423
  • Jul 18, 2014 6:27am Jul 18, 2014 6:27am
Quoting loeil
GJ - short. {image}
GJ - closed for 4155 pips gain
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Whatever is obvious is obviously wrong!"
  • #74,424
  • Jul 18, 2014 6:29am Jul 18, 2014 6:29am
Sell eurusd @ 1.3521 tp 1.3495
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  • #74,425
  • Jul 18, 2014 7:11am Jul 18, 2014 7:11am
Quoting traderathome
{quote} GBPAUD Short Trade Opened: Scout entries based on MMs whipping price back towards whole number level, presumably to reload shorts for another run on the H&S formation. My tentative TP is set a bit below the anticipated H&S target. {image} {image}
GBPAUD Short Trade Closed:

Closed at TP for gain of 85.1 pips average, 1,701 pips total.
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  • #74,426
  • Jul 18, 2014 7:14am Jul 18, 2014 7:14am
GBPNZD Short Trade Open & Closed:

Closed for gain of 25 pips average, 250 pips total.
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  • #74,427
  • Jul 18, 2014 7:29am Jul 18, 2014 7:29am
Quoting traderathome
{quote} AUDUSD Long Trade Update: Added five long Scouts, most on current move back down - a Stop Hunt of longs - ahead of coming multiple USD high impact releases. Raised TP, tentative. {image}
AUDUSD Long Trade Closed:

Closed for gain of 1.1 pips average, 41.5 pips total. I am tired of being tied up with this one while the MMs screw around with it.
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  • #74,428
  • Jul 18, 2014 7:53am Jul 18, 2014 7:53am
Quoting loeil
{quote} GJ - closed for 4155 pips gain {image}
Loil u should be teacher of patience LOL BRAVOOO
Build your own dreams, or someone else will hire you to build theirs.
  • #74,429
  • Edited 9:54am Jul 18, 2014 8:29am | Edited 9:54am
GU, 5 lot scalps entered short with RWL target figured reversal and it did +25.5, entered counter trend long with bounce from RDL +28, today total +53.5 pip gain today. Gotta love TAH's charts. The best charts and MM explanations I've seen in 10 years, although I'm not a position trader!

All trades were late and missed many pips while sleeping.....

Regards, (gave up my commercial status and glad to be back with knowledgeable traders!)
Cigarguy
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Keep It Simple
  • #74,430
  • Jul 18, 2014 9:10am Jul 18, 2014 9:10am
Quoting jojojo22
{quote} Loil u should be teacher of patience LOL BRAVOOO

I will be the next Loeil mate
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  • #74,431
  • Jul 18, 2014 10:35am Jul 18, 2014 10:35am
Quoting traderathome
GBPUSD Long Trade Opened: Classic entry when the LO MMs whacked the price back down into the support area and EP zone for the earlier setup. TP is tentative and SL is mental. If the Robber Bank MMs whack this back down some later, maybe after the US open, I might add to this long trade. {image}
GBPUSD Long Trade Closed:

Closed for gain of 0.5 pips average, 9 pips total.
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  • #74,432
  • Jul 18, 2014 10:41am Jul 18, 2014 10:41am
Results for the Week:

Nine trades opened. Eight closed for a gain of 8,238.7 pips. Carrying one that has a current loss of 2,857.8 pips.

-tah
  • #74,433
  • Jul 18, 2014 10:43am Jul 18, 2014 10:43am
Quoting traderathome
{quote} GBPUSD Long Trade Closed: Closed for gain of 0.5 pips average, 9 pips total. {image}

TAH,

We had nearly the same entry but I am just going for smaller pip scalps with bigger lots. Should have stayed in longer as you did!

Regards,
Cigarguy
Keep It Simple
  • #74,434
  • Jul 18, 2014 10:50am Jul 18, 2014 10:50am
Quoting traderathome
Results for the Week: Nine trades opened. Eight closed for a gain of 8,238.7 pips. Carrying one that has a current loss of 2,857.8 pips. -tah
  • #74,435
  • Jul 18, 2014 10:55am Jul 18, 2014 10:55am
Hi Sonic traders
I have been lurking on this thread off and on and consciously and unconsciously it has influenced me.(thank you Sonic Traders)
My system is ideas borrowed from others since everyone knows barely anything new is in trading.
I developed 2 system in 1
Wave 34EMA High Close Low
RSI 8
WR% 21 period
Above is trend following or counter trend but mainly trend following
BB system designed to have exhaustion levels in mind.
Deviation 2-3
2 BB's
When price is inside BB 2-3 deviation it most likely will turn (exhaust)
Lets say you are following sonic or 34EMA WAve and everything is dandy until price overreaches inside BB then you should either exit or take counter trend trade.
RSI 80/20 with BB 2nd 3rd deviation very strong signal to get out and maybe counter trend.
So to sum up 1st part is telling where the trend is going 2nd BB part warning you dangers ahead.
Fill free to comment.Not trying to change anyone here but looking for feedback thank you
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In trading, you have to be defensive and aggressive at the same time
  • #74,436
  • Edited 11:36am Jul 18, 2014 11:12am | Edited 11:36am
Quoting Davit
Hi Sonic traders I have been lurking on this thread off and on and consciously and unconsciously it has influenced me.(thank you Sonic Traders) My system is ideas borrowed from others since everyone knows barely anything new is in trading. I developed 2 system in 1 Wave 34EMA High Close Low RSI 8 WR% 21 period Above is trend following or counter trend but mainly trend following BB system designed to have exhaustion levels in mind. Deviation 2-3 2 BB's When price is inside BB 2-3 deviation it most likely will turn (exhaust) Lets say you are following...
Edited to answer both your first post above and your second post below:

You have a very "technical", indicator dependent method.

The Robber Bank MMs like to build around key SR, like whole and half numbers. They like to let others do so also, then Stop Hunt them by whipping or whacking the price, maybe to another key SR. Mathematicians have never been able to apply math to best the MMs. But, they certainly have tried hard enough. That is why there are so many "indicators". Unfortunately, they all fail when traders need them most to not fail.

There is no substitute for getting your feet wet, learning how the market really works. That is another way of simply saying a trader needs to survive long enough to accept the fact that the market is totally and unpredictably manipulated, that indicators - all of them - will lead to ruin and therefore should not be the primary basis for a trading method.

Good Luck,
-tah
  • #74,437
  • Jul 18, 2014 11:17am Jul 18, 2014 11:17am
Quoting traderathome
{quote} Very "technical". The Robber Bank MMs like to build around key SR, like whole and half numbers. They like to let others do so also, then Stop Hunt them by whipping or whacking the price, maybe to another key SR. Mathematicians have never been able to apply math to best the MMs. But, good luck. -tah
I agree on Whole /half numbers but not finding connection on technicals.Maybe you could expand more?
Regards
In trading, you have to be defensive and aggressive at the same time
  • #74,438
  • Edited 11:45am Jul 18, 2014 11:17am | Edited 11:45am
Just a sober thought! Wishing all of the Malaysian traders, their families and all nationalities involved in the plan crash tragedy the best in their family support as we are all horrified that such a tragedy occurred and touched so many.

Regards,
Cigarguy
Keep It Simple
  • #74,439
  • Jul 18, 2014 11:19am Jul 18, 2014 11:19am
Quoting judgemegod
USDCHF: High activity above 3/4 level and nice stop hunt is occurring now, lets see how it evolves... {image}
MM did stop hunt me, lost 320 pips.
For a trader, losses are like overhead is to a business. They are unavoidable but manageable.
Part of the game is to take loses as a man, I'm still up 6% this week so I'm cool.
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  • #74,440
  • Edited 12:16pm Jul 18, 2014 11:42am | Edited 12:16pm
AUDUSD:

I am stalking this one out of thirst for revenge for time wasted on it this week, while the MMs manipulated the price to hell and gone. I have taken on two short positions and am stalking for a third when the MMs hike the price above the whole number.

On the Day chart this is seen clearly to be ranging for over three months now, just in the upper part of the range for the last half of this period. It has me thinking the MMs are bears overall. They might be building their short positions ahead of whacking the price to give the RBA what they asked for - a price below 0.8500! And all this time ranging might be for the purpose of making sure when the train leaves the station to run south, the Robber Bank MMs are mostly the only ones on it.
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