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Sonic R. System

  • #74,701
  • Jul 31, 2014 8:39am Jul 31, 2014 8:39am
Quoting gigicualex
GbpJpy classic setup. If current H1 candle closes above the dragon I'm long on this pair. Similar pic on H4 where the dragon is just crossing the trend line and is angling up {image} {image}
. Very possible
  • #74,702
  • Jul 31, 2014 8:54am Jul 31, 2014 8:54am
Dollar Index, H12.
based on my interpretation supply is coming ....(of course i might be wrong)
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The Market pays you to be disciplined
  • #74,703
  • Jul 31, 2014 9:38am Jul 31, 2014 9:38am
NZD/USD
Nice classic long forming on H1 chart, although Dragon and TL still pointing down. M15 shows the Classic also but then gets choppy, possible staging before tomorrows USD releases? D1 shows decreasing Bear volume also.

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  • #74,704
  • Edited 10:37am Jul 31, 2014 10:21am | Edited 10:37am
Comment GBPAUD:

With an AUD high impact release coming in the next Asian session, it looks like the MMs are holding the price in the half number area, where they continually strike below the half number. This could be an indication the MMs remain bulls and are loading up with additional longs, ahead of this release. H4 is bullish, and while price has established a SR area and price is above it, the price is not yet moving higher.

When PA is bullish, and if the MMs intend to run it up even higher - significantly so - they absolutely must stop the price from rising and start waffling it up/down, if they intend to load more longs. This is because in the light of a bullish chart, they have to play with the price in such a way as to give bears new hope that price might be turning bearish - coax shorts in and thereby get the liquidity needed to build more longs. A big whack job -Stop Hunt of longs - could occur, too, once the Robber Bank MMs have waffled the price long enough to see that enough other longs have come on-board with SLs they can bust.
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  • #74,705
  • Jul 31, 2014 10:33am Jul 31, 2014 10:33am
Hello boys and girls ! 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 . 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 .





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  • #74,706
  • Jul 31, 2014 10:56am Jul 31, 2014 10:56am
Quoting Rylai
Hello boys and girls ! 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 . 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 . {image}
Rylai,

Why did you opened a short trade at the first? when the dragon and trend is not angle down? One more thing, the Profit/Loss label should be red color when your trade is losing, why yours is green?
Trading is not easy
  • #74,707
  • Edited 11:08am Jul 31, 2014 10:56am | Edited 11:08am
Quoting Rylai
Hello boys and girls ! 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 . 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 . {image}
Rylai,

Nice, educational summary.

Your assessment of what happened and what to do about it is correct. Just keep in mind that we cannot know how the price will move next. This means that even when we begin to have more confidence the price reversal is soon coming, that the bear Run for Profits phase is soon to start, we can be disappointed and have to wait even longer, and suffer even higher prices. This is what happened to a lot of traders a year ago, who loaded up on shorts on various pairs - and kept loading up on shorts - only to watch the Robber Bank MMs continue pushing prices upwards, relentlessly clearing out Weak Hand Shorts.

BTW, I may have mentioned this to you before, but it is pointless to have that additional candle time indy on your chart when you can set up your Access Panel to show the Candle Time in lieu of Swaps, and keep your chart clear of unnecessary garbage. You do not need to show Swaps since your broker no longer shows them in MT4. You also do not need to show the MT4 trade level lines since our SonicR Trade Level indicator shows them in a less cluttering way. You can turn the MT4 lines off in Chart options.

The question asked by Xiaotiao above has merit. We Sonicers really need to wait for larger TF confirmation of trend direction before entering a trade. This is why we need to wait for a M15 Classic setup that is consistent with our anticipated Run for Profits direction, and when higher TF charts have indications that PA is turning in that direction.

And did you get you template from Post #1? If you did not, if you reconstructed on your own, you might have problems.
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  • #74,708
  • Edited 11:25am Jul 31, 2014 11:15am | Edited 11:25am
Quoting xiaotiao
{quote} Rylai, Why did you opened a short trade at the first? when the dragon and trend is not angle down? One more thing, the Profit/Loss label should be red color when your trade is losing, why yours is green?


I didn't open it , it was a sell limit order . As the expectation of the interest rate news for NZD is going to be positive , I then shifted the sell limit order lower which was the 1st position ( which I thought that this order WILL NOT HIT as the news is going to be good ) .


Errmmm , now that you've mentioned about the colour I just noticed this . I don't know why either .
  • #74,709
  • Jul 31, 2014 11:22am Jul 31, 2014 11:22am
Quoting traderathome
{quote} Rylai, Nice, educational summary. Your assessment of what happened and what to do about it is correct. Just keep in mind that we cannot know how the price will move next. This means that even when we begin to have more confidence the price reversal is soon coming, that the bear Run for Profits phase is soon to start, we can be disappointed and have to wait even longer, and suffer even higher prices. This is what happened to a lot of traders a year ago, who loaded up on shorts on various pairs - and kept loading up on shorts -...

I'm still waiting to clear this bad trades before moving on to new ones . I hope I don't have to hold too long

Yes you did , I'd taken note for that . Is just that I'm used to see time beside the recent candle . Hehe ^_^

Yes, I get the latest 2014 indicators and templates at the front page . I only change the outer grid from grey to white so that I can see better ( at least for me ) , that's all . I had no idea why is the profit and loss label in green colour .
  • #74,710
  • Jul 31, 2014 12:30pm Jul 31, 2014 12:30pm
Quoting FXRobert
GBPJPY open and close. I wait but for me now look like bearish. Other pair USDJPY possible double top. {image}
How did you detect these entry points ?
Could you please explain it ?
  • #74,711
  • Jul 31, 2014 12:43pm Jul 31, 2014 12:43pm
Please share Your opinions redarding GBP/NZD cross pair.

I see nice bearish volumes on 1H timeframe as well as we are sitting next to resistance at daily chart.
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  • #74,712
  • Jul 31, 2014 2:07pm Jul 31, 2014 2:07pm
[quote=MetroTrader;7643994]Please share Your opinions redarding GBP/NZD cross pair. I see nice bearish volumes on 1H timeframe as well as we are sitting next to resistance at daily chart.

I'm no TAH, or even a senior member. But, I'm reading this is MM's trying to suck in Shorts so they (MM) can continue their Bull-Run. H4 still extremely bullish with PA above TL and dragon. Zooming in to M5 I read MM's driving PA down to a) suck in others shorts b) build more longs at lower prices.

Again, this is just my untrained eyes and purely speculation.

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  • #74,713
  • Edited 8:42pm Jul 31, 2014 8:30pm | Edited 8:42pm
AU, quick scalp from below RN where ranging and RWL area prior to news!

Cigarguy
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Keep It Simple
  • #74,714
  • Jul 31, 2014 9:07pm Jul 31, 2014 9:07pm
Quoting traderathome
Comment GBPAUD: With an AUD high impact release coming in the next Asian session, it looks like the MMs are holding the price in the half number area, where they continually strike below the half number. This could be an indication the MMs remain bulls and are loading up with additional longs, ahead of this release. H4 is bullish, and while price has established a SR area and price is above it, the price is not yet moving higher. When PA is bullish, and if the MMs intend to run it up even higher - significantly so - they absolutely must stop the...
Comment GBPAUD:

There is the awaited Stop Hunt on longs confirming the MMs are bulls.
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  • #74,715
  • Jul 31, 2014 9:10pm Jul 31, 2014 9:10pm
Hi all,
I am applying classic setup for GBPNZD short.
please critique. thank you all.
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  • #74,716
  • Edited 9:32pm Jul 31, 2014 9:19pm | Edited 9:32pm
Quoting Rylai
{quote} I'm still waiting to clear this bad trades before moving on to new ones . I hope I don't have to hold too long Yes you did , I'd taken note for that . Is just that I'm used to see time beside the recent candle . Hehe ^_^ Yes, I get the latest 2014 indicators and templates at the front page . I only change the outer grid from grey to white so that I can see better ( at least for me ) , that's all . I had no idea why is the profit and loss label in green colour .
Rylai,

Check the external inputs of the SonicR Trade Levels indy for the open trade PL label text. Positive should be ForestGreen and Negative should be Crimson. If yours are not that way, then the template somehow had the colors reversed and you need to re-input the correct colors.

When you check, please let me know what you found. Are the template input colors correct, or did you have to reverse them?

-tah
  • #74,717
  • Jul 31, 2014 9:22pm Jul 31, 2014 9:22pm
GBPUSD Long
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  • #74,718
  • Jul 31, 2014 10:03pm Jul 31, 2014 10:03pm
Quoting Kingsford
GBPUSD Long {image}
Newbie Out of Compliance Post!

Kingsford,

Your post is in violation of our rules because your chart is in violation of our rules for posting charts. Please read Post #1. You need to use our template, which includes our SonicR Trade Levels indicator, which will show the specifics of any trade you made, including exactly where and on what bar you entered.

Please do not post again without first becoming totally aware of the posting etiquette here, and making sure that your posts comply. If you wish to post to show Sonicers a trade you opened, then you need to show more information on that trade. And you need to be sure you follow-up with a post at the close of the trade.

This is not a bulletin board thread. We are serious here. If you wish to just sporadically post your own template and for whatever reason, you need to go elsewhere to do that, perhaps you want to stay at one of the many other threads you post on. Otherwise, please be considerate of our way of doing things here and comply on any future post. Failure to do so will result in your being unable to post here at all in the future.

Thank You,
-tah
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  • #74,719
  • Jul 31, 2014 10:36pm Jul 31, 2014 10:36pm
Quoting mima
Dollar Index, H12. based on my interpretation supply is coming ....(of course i might be wrong) {image}
mima,

From April to now you have posted nineteen times and with only this current post having a picture. You are not abiding by Sonic's No. 1 Rule.

Furthermore, you have been here long enough to know to post using our templates, freely provided and for the purpose of putting anything posted into the context of the Sonic R. System way of doing things. Your sole post, after all this time, does not comply. Why did you not follow your own recommendation to others?:
http://www.forexfactory.com/showthre...71#post7436171

It seems you do not care to respect our way of doing things here. Please do not continue in this fashion if you wish to keep your posting privilge.

-tah
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  • #74,720
  • Jul 31, 2014 10:36pm Jul 31, 2014 10:36pm
I know, I'm sorry!
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