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Sonic R. System

  • #75,761
  • Sep 4, 2014 7:21pm Sep 4, 2014 7:21pm
I closed all shorts AUD/USD /I lost confidence now / +1597p
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  • #75,762
  • Sep 4, 2014 8:27pm Sep 4, 2014 8:27pm
USDCAD Short Trade Opened:

Scout entry based on the following.

Week chart shows high volume push up of price followed by consolidation, mostly between two whole numbers. This has the look of bears and last week the candle was bear engulfing bull.

M15 shows bearish waves and the recent notable volumes being for the recent drops in price, which is bearish too. The high volume drop yesterday, followed by a low and declining volume move back up looks as though the MMs were resetting the price high again to advantage ongoing short building ahead of the final USD releases. If the MMs were bulls and if they are going to act like bulls to the coming USD releases, then they would not have been in such a hurry to work the price upwards, including during after market hours. Instead, they would have kept the price low to advantage long building.

This all points to the MMs being bears on this pair and also points to the likelihood they are going to make like bears in conjunction with the final USD releases this week.

This might go higher with the final USD releases tomorrow - MMs whip n' whack of price - but, maybe not. We can never know how the price will move next.
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  • #75,763
  • Sep 4, 2014 8:38pm Sep 4, 2014 8:38pm
Quoting Patron
{quote} In my opinion, if you have time to get in front of the screen, about 8 hours each day, scalping is more profitable. Choose pairs with higher ADR provides market condition of each of them, look at the correlated pairs with them. Then load the rifle, which sniper, waiting, watching with hawk eye. Every day several important opportunities arise. I hunt on average between 50 to 150 pips per day, and finished the day with all trades closed. Tomorrow there will be more opportunities. And always always a stoploss where the market should not be,...
Exactly about this I think. for the last year it tests on two accounts two systems: building and scalping.
Scalping more answers to me.
  • #75,764
  • Sep 4, 2014 8:42pm Sep 4, 2014 8:42pm
Opened scout Long EUR/JPY..Short time frame
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  • #75,765
  • Edited 9:46pm Sep 4, 2014 9:13pm | Edited 9:46pm
Quoting leentjai
Opened scout Long EUR/JPY..Short time frame {image}
Hi I send PM to You.
Robert
  • #75,766
  • Sep 4, 2014 9:51pm Sep 4, 2014 9:51pm
Quoting traderathome
{quote} AUDUSD Long Trade Update: Added Scout based on PA wave continuing as bullish and now price retracing to the half number support area: higher highs and higher lows. Still no TP set at this time. {image}
M15 on support nice volumen. For me like buying after AO.
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D1 look not good
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W1 whole number 9400 many time was very important.
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  • #75,767
  • Sep 4, 2014 10:46pm Sep 4, 2014 10:46pm
Quoting FXRobert
{quote} M15 on support nice volumen. For me like buying after AO. {image} D1 look not good {image} W1 whole number 9400 many time was very important. {image}
FXRobert,

Thank you for your posts. I cannot tell you how much I appreciate your participation on this thread. I am sure many other Sonicers feel the same way, too. You are a disciplined trader, and we all can learn from your posts ways in which we ourselves can improve.

Again, Thank You,
-tah
  • #75,768
  • Sep 4, 2014 11:06pm Sep 4, 2014 11:06pm
Quoting traderathome
{quote} FXRobert, Thank you for your posts. I cannot tell you how much I appreciate your participation on this thread. I am sure many other Sonicers feel the same way, too. You are a disciplined trader, and we all can learn from your posts ways in which we ourselves can improve. Again, Thank You, -tah
This only the place where I write and the only forum, because here many I learnt especially from you. This I thanks to You
  • #75,769
  • Edited 2:40am Sep 5, 2014 2:21am | Edited 2:40am
Quoting FXRobert
{quote} Exactly about this I think. for the last year it tests on two accounts two systems: building and scalping. Scalping more answers to me.
AUDNZD M5

Courage! If I can, I'm sure everyone can!
My first shot went a little to the left, but in the end, reached the target.
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and EURAUD M1
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Donde hay Patron no manda Marinero
  • #75,770
  • Sep 5, 2014 3:04am Sep 5, 2014 3:04am
Hello guys,
I am newbie here and seeing that this system looks very impressive. After several hours of reading trying to do my first baby-steps and put a trade here.
Is it ok to short USD/JPY at the moment?
In my understanding:
1. From H1 chart i see that px is going up and forming lots of green candles(means that MM start putting shorts).
2. From H1 PVA histogram i do see that while USDJPY px is going higher, green bars in histogram started going lower.
3. From M15 chart i see that USDJPY px closed bellow dragon(or better to wait first a retrace to upside that confirms trend to downside?)
Thank you in advance.
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  • #75,771
  • Sep 5, 2014 3:29am Sep 5, 2014 3:29am
Quoting traderathome
USDCAD Short Trade Opened: Scout entry based on the following. Week chart shows high volume push up of price followed by consolidation, mostly between two whole numbers. This has the look of bears and last week the candle was bear engulfing bull. M15 shows bearish waves and the recent notable volumes being for the recent drops in price, which is bearish too. The high volume drop yesterday, followed by a low and declining volume move back up looks as though the MMs were resetting the price high again to advantage ongoing short building ahead of the...
USDCAD Short Trade Closed:

Closed for 1.2 pips gain average/total. Looks like MMs might whip price up before down. In any case, being Friday, I decided not to mess with it any longer before the releases.
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  • #75,772
  • Sep 5, 2014 3:35am Sep 5, 2014 3:35am
Quoting traderathome
AUDUSD Long Trade Opened: Classic entry based on bullish wave, notable volume at lows during FO, and the span of time the MMs have kept the price ranging below the half number, where they prefer to build long. No TP set at this time. The coming onslaught of USD releases is a fly in the ointment. This could get a big whip n' whack spanking, but I continue to see AUD as strong. {image}
AUDUSD Long Trade Closed:

Closed for 5.1 pips average, 10.1 pips total.
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  • #75,773
  • Sep 5, 2014 4:57am Sep 5, 2014 4:57am
Quoting traderathome
{quote} AUDUSD Long Trade Closed: Closed for 5.1 pips average, 10.1 pips total. {image}
Sir, it looks like MM building long for me. I assume MM already knew NFP number, and prepared the stage for stop hunt of long position.
I think of a small long entry, so in case they did not need to stop hunts, i have some gain. However, if this play out as we are thinking, i have better level for long entry. Between scalping and building, i prefer scalping (hate that negative swap so much), however AUDUSD (and NZDUSD) provide me a positive swap for building. Any comments for all sonicers are welcome. Thank you all.
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Don't blame the tools. Blame the carpenter.
  • #75,774
  • Sep 5, 2014 5:08am Sep 5, 2014 5:08am
Quoting orangutangas
Hello guys, I am newbie here and seeing that this system looks very impressive. After several hours of reading trying to do my first baby-steps and put a trade here. Is it ok to short USD/JPY at the moment? In my understanding: 1. From H1 chart i see that px is going up and forming lots of green candles(means that MM start putting shorts). 2. From H1 PVA histogram i do see that while USDJPY px is going higher, green bars in histogram started going lower. 3. From M15 chart i see that USDJPY px closed bellow dragon(or better to wait first a retrace...
Welcome orangutangas (sounds funny), i am a newbie too, so far i think this is the best tool for us. I will vote for number 3, because NFP is notorious for traders. Consider your margin carefully, and swaps, (and stress level, sleepless nights you can endure) if you decided to enter market before NFP.
This is not an expert sonicers opinion. Please consider other responses as well. TAH, Gupito, FXRobert, and Patron usually have very good and useful insight.
Don't blame the tools. Blame the carpenter.
  • #75,775
  • Edited 5:31am Sep 5, 2014 5:21am | Edited 5:31am
Quoting orangutangas
Hello guys, I am newbie here and seeing that this system looks very impressive. After several hours of reading trying to do my first baby-steps and put a trade here. Is it ok to short USD/JPY at the moment? In my understanding: 1. From H1 chart i see that px is going up and forming lots of green candles(means that MM start putting shorts). 2. From H1 PVA histogram i do see that while USDJPY px is going higher, green bars in histogram started going lower. 3. From M15 chart i see that USDJPY px closed bellow dragon(or better to wait first a retrace...
orangutangas,

Two out of three you got right.

1. Waited for LS to open. Yes. But keep in mind that it is many times best to wait for 1-3 hours into the LS. Don't be in a hurry.
2. Dragon with good angle. Nope! The Dragon is flat at your entry (H1 flat, M15 only with slight down angle).
3. PA on correct side of Dragon for entry. Yes. On M15 you entered short with PA just below the Dragon.

Be careful about the angle of the Dragon. It does make a difference in how things turn out most of the time. Do not rush into the trade in order to grab more pips. You entered a trade before the high impact USD release that is coming. This leaves your trade exposed to either a reversal or a temporary draw down if the MMs Stop Hunt. And, if you over traded, either of those two events could liquidate your account. It is best to not be in a trade coming into such high impact releases.

-tah
  • #75,776
  • Sep 5, 2014 7:02am Sep 5, 2014 7:02am
hmmm... Yen could be bounced now:
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Everything is possible!!! Step by Step...
  • #75,777
  • Sep 5, 2014 7:14am Sep 5, 2014 7:14am
EURUSD scalping
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  • #75,778
  • Sep 5, 2014 7:17am Sep 5, 2014 7:17am
Quoting KecoaKecil
{quote} Welcome orangutangas (sounds funny), i am a newbie too, so far i think this is the best tool for us. I will vote for number 3, because NFP is notorious for traders. Consider your margin carefully, and swaps, (and stress level, sleepless nights you can endure) if you decided to enter market before NFP. This is not an expert sonicers opinion. Please consider other responses as well. TAH, Gupito, FXRobert, and Patron usually have very good and useful insight.
Hello KecoaKecil
For newbies are lots of good tools created, i am personally trading news, but there is only 2-3 actions during the time and i still want to be more in forex per day not for few minutes only Thank you in advance on people that i should trust list
  • #75,779
  • Sep 5, 2014 7:25am Sep 5, 2014 7:25am
Quoting FXRobert
{quote} Hi I send PM to You. Robert
Thank you.
  • #75,780
  • Sep 5, 2014 7:28am Sep 5, 2014 7:28am
Quoting leentjai
{quote} Thank you.
No problem. You save menu -> file -> Save as picture -> active chart (as is)
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