Sonic R. System

EURNZD:

It is probably a good thing all this whippin 'n whackin is happening on a Friday, otherwise traders would likely be jumping into trades which might turn out to be premature action. Some of these "things" are being grossly manipulated today, and the result can be more days of follow-up ranging before any new run for profits get underway. Note the two whips above the whole number (PVSRA). This sort of thing might not yet be over with, though.

You have the right idea.

Again, please upgrade your template.

-tah

USDJPY opened and closed. Banked in 73 pips.

Xiatiao,

May I ask you what you've seen on the PVSRA to go for the 1st short scout? Thanks

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I have 4 questions:
1st : How did you discover these entry points ? - all my entries based on volume(strength, weakness) and S&R areas.

2nd :Which TF did you entry ? M15 or H4 ? - M15 and H1 mostly.

3rd : If the trades in red are long,why did not you close at the top ? If the trades in red are short, how much margin do you have ? Unless it is demo account,otherwise you will be ask for add margin. - red are not longs, closed red line means that this trade was closed with loss. You should know this for now. Knowing how much margin I have, doesn't help you at all. As I already wrote in last post, my DD was about ~10% in that time, usually its lower. Those AU trades were 0.03-0.05 lot, so very small trades.

4th : If we all use the method like you did,why we need Sonic.R.System ? We just need a lot of money to versus the risk. - I don't know why you need Sonic.R system. I started my trading life here and have stayed here.
About risks, risks are everywhere, it doesn't matter what kind of method you are using to trade, there is no risk-free method. I only run the risk of what I'm able to lose. So that ~10% risk is fine to me.

Yeah, actually I had an opportunity to close them after 1-2 month also, but I was waiting some miracle, probably . Multiple mistakes made with those trades, but it was good lesson.

Sonicers,

loeil is a Sonicer with consistently good results. He has pointed out his use of both the M15 and H1 charts. By way of comment, let it be known that the H4 chart is less desirable because different brokers show different H4 charts, depending on the time zone their server is based on. And Day charts and higher, are simply too encompassing to keynote the things we analyze. For example, loeil has pointed out the role played by volume indications of strength/weakness. This you cannot effectively do on Day charts and higher.

These are things to reflect on, as what we do does not have to be complicated.

-tah

Here I post a little lesson in pictures I prepared for the community. May the elders comment and see if it is useful.

The signs4 can be construed as last-minute onslaught of bull ?

History lesson 2 AUD NZD. As you can see, I only point out the signs of entering a trade.

The time has come to consider a classic Sonicr Long

Fully agree with Leentjai on NZDUSD long. I am providing a Day chart to support lee's bias. Also looking for this upmove to be explosive. Only concern will be : when it reaches the bottom of the day dragon which has currently angled slightly down. My assumption is it should be breaking above the day dragon but to be prudent it is always good to lock in profit near that area. this trade is good for 70-90 pips in the 1st leg.

The time has come for long? Look at H+S, it is possible. Time will tell.

Comment NZDUSD: H&S and Outlook

With a H&S formation the distance to target is measured from the most recent point the neckline is broken, and the target line is horizontal, not at the angle of the neckline. An angled target line is only used before there is a break of the neckline, to track the potential for the target. The H&S formation, whichever you choose, has completed (see pic #2).

On H1 (pic. 3) we Sonicers can see the very notable volume - twice - as the Robber Bank MMs engaged in heavy activity below the whole number, causing the price to rise both times very quickly. These are two very strong indications the MMs are bulls. The first occasion was probably due to buying to close shorts. The second occasion might be more of that and/or buying to begin establishing a long position.

We have to be careful whenever we see first signs of reversal because what follows is sometimes nothing but ranging. And when price ranges the Robber Bank MMs can suck in longs to later stop out by retesting, and even breaking previous lows before they start a genuine Bull Run for Profits. This is a time to be wary, and if a Classic long setup occurs, it is best if it is one that occurs very near the lows and not mid-range or higher. It is also wise to build a breakout trade with small entries and count on possibly making a number of them because as time goes on more whacks to the lows, or deeper lows - Stop Hunts of longs - can present opportunities for Scout entries. But be very careful not to get sucked into a situation of adding more and more long Scouts while price keeps dropping. It is wise to have multiple signs of reversal before building. Such signs would be consistently notable volumes at lows, as well as the track of the Dragon and Trend on multiple TF charts, and with constant awareness of the PA's playground with regard to whole and half numbers. And be ever watchful for possible Stop Hunts on longs, because these are very auspicious for a Run for Profits. The Robber Bank MMs hardly every initiate a Run for Profits without first attempting to rob as many others of their "right side" positions as is possible. And they often range price first, to be sure they suck in a lot of this "future liquidity".

Summarizing the near term, the H&S is over with and done. PA is probably now entering a Wycoff Accumulation phase. If so, this phase can involve a lot of ranging and eventually one or more "Springs" to the bottom of the range, even breaking temporarily to new lows, as the Robber Bank MMs Stop Hunt longs before ever beginning a Bull Run for Profits. We cannot know how the price will move next, but such an Accumulation phase could run on for days, even weeks before the Robber Bank MMs are ready to initiate a Bull Run for Profits. At times like this, with early signs of a reversal, it is very easy to start building a trade for a breakout too soon. Early trading is best if it is just in-and-out trading for small profits within the range, when good Classic setups to do this exist - longs starting near the lows of the range and shorts starting near the highs of the range.

So getting a "feel" for the range is important. At this point the range is under 75 pips. PA next week might start expanding the range because an Accumulation phase is never this tight. This is another reason to be patient, and wait awhile before planning trades. The range could be expanded both higher and lower. And don't forget that the MMs, if they are indeed now bulls, might break whatever range bottom is established, and take the price down to the next lower whole number sometime during their accumulation of longs (see pic. 4).

A speculative outlook for this is that the MMs will, after accumulating longs, run the price back up and maybe form the right shoulder of another potential H&S formation (pic.5). From there, maybe if the USD has confirmed strengthening by this fall, the price will fall too.

-tah

OK, thanks for the correction TAH.

you are a nice person,

Wanna be Loeil but the EPs are BAD.

Anybody have links to the indicators?

I think that it is possible to consider a short 30-40 pips EUR/GBP....?

You'll get it .....post #1