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Sonic R. System

  • #75,801
  • Sep 5, 2014 11:29pm Sep 5, 2014 11:29pm
Quoting KecoaKecil
I didn't take AUDUSD small long (hate the risk). I leave it be, for i believe the MM would like to take more liquidity next week. Now, i take a look into my GBPJPY and NZDUSD and spot an entry. Both will cancel the effect of swaps. I assume NZDUSD done in building liquidity, switch, and starting to building profit. GBPJPY, according to me the timing is wrong, but i can hope for a pullback, before resuming down wave. Small entry as both are speculative. Love to hear other sonicers comment on this. Good luck to you all. {image} {image}
GBPJPY

hey KecoaKecil,

Your previous entry on GBPJPY was nice. Price swung down to 170.876.

Nice entry price for LONG trade. if targeting 173.077, it can take 3 days to get there. hang in there.
  • #75,802
  • Sep 5, 2014 11:49pm Sep 5, 2014 11:49pm
anyone have this indicator (red, white and blues line with buy and sell signals) so for me downloading?
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  • #75,803
  • Sep 6, 2014 2:21am Sep 6, 2014 2:21am
the indicator on first post is the updated ones? i find different versions scattered around
  • #75,804
  • Sep 6, 2014 2:30am Sep 6, 2014 2:30am
Quoting KecoaKecil
{quote} These are the charts. I use H4, and point of entry in M15. What do you think? Sure i can put a stop loss at break even now. But will hate to see it go into the best trade possible. {image} {image} {image}
Very nice call u get in right top of the wave how many pips did u take heh, did u hold at least 100 pips ?
Build your own dreams, or someone else will hire you to build theirs.
  • #75,805
  • Sep 6, 2014 2:44am Sep 6, 2014 2:44am
Hi guys some relaxing chartin for the weekend
I would like to share my view of AUD USD on longterm.. what do u think where are the big players, I am amazaed how long AUD USD is in RANge- 9250-9450 Yep u can say its 200 pips but this move used to move 100 pips a day before the range, so I am expecting another move. As I think the aud will move in winter cause they have summer so lets just wait when we break the range and where do we go )

BTW: IF you remember as i said its just matter of time when eur usd 1,3 will hit, that was my target fot this year.. but it get hit so soon that market once again amazed me And it reminds me dont get into position which u think is counter your long term view- eur usd long

GL next week and have a nice weekend
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Build your own dreams, or someone else will hire you to build theirs.
  • #75,806
  • Sep 6, 2014 3:20am Sep 6, 2014 3:20am
Quoting feliperimoli
Friend can you give me the indicator for me have this signals line in anex? anyone have this indicator (red, white and blues line with buy and sell signals) so for me downloading? {image} {image}
That's not an indicator. Those are lines that sonicdeejay traced manually to explain to his followers in and out points for a classic trade. The white line was the entry point. The red line was the stoploss. The blue line was the take profit.
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Donde hay Patron no manda Marinero
  • #75,807
  • Sep 6, 2014 4:23am Sep 6, 2014 4:23am
Homework:nerd:
Possible classic sonic entry....?
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  • #75,808
  • Edited 4:57am Sep 6, 2014 4:45am | Edited 4:57am
Quoting Patron
AUDUSD Daily. This pair is near a major trendline. We should keep an eye on lower timeframes. {image} My broker is Armada Markets, and displays this gap in AUDUSD. Any more? {image}
My broker GO MARKETS has not displayed this gap.
  • #75,809
  • Sep 6, 2014 5:53am Sep 6, 2014 5:53am
Quoting Patron
Unable to get in front of the computer screen, I left a few pending orders for small profits. Adding scalping all day, there is 3429 points, or 343 pips. All trades, except 1, have been made in favor of the trend. {image} {image} {image} {image} {image}
Great job !
  • #75,810
  • Sep 6, 2014 8:25am Sep 6, 2014 8:25am
Quoting leentjai
Homework:nerd: Possible classic sonic entry....? {image} {image}
Same view here, but the timing seems not right.
Don't blame the tools. Blame the carpenter.
  • #75,811
  • Sep 6, 2014 8:29am Sep 6, 2014 8:29am
Quoting jojojo22
{quote} Very nice call u get in right top of the wave how many pips did u take heh, did u hold at least 100 pips ?
i only get 21 pips. My problem is my emotion. All of my trade turn only small profits. It has been like this for a year.
Don't blame the tools. Blame the carpenter.
  • #75,812
  • Sep 6, 2014 8:31am Sep 6, 2014 8:31am
Quoting Tuffy
{quote} GBPJPY hey KecoaKecil, Your previous entry on GBPJPY was nice. Price swung down to 170.876. Nice entry price for LONG trade. if targeting 173.077, it can take 3 days to get there. hang in there.
Yes, i try to. I hate myself, already in trading for over 2 years, and i only hold for 20 hours top. I am suck.
Don't blame the tools. Blame the carpenter.
  • #75,813
  • Sep 6, 2014 9:13am Sep 6, 2014 9:13am
Quoting traderathome
NZDUSD Long Trade Opened: Classic entry. Larger TFs show trend down, but recently ranging. Early part of week often is just spent repositioning prices for what is planned for later. It is within the realm of logic that the MMs will take price back higher in the range ahead of any planned resumption of the down trend. But, if a more significant retrace in the down trend is planned (or even a reversal) then a long trade here should still be okay. For now, only looking for RDH/upper whole number area for TP, which is not set. Also, if the MMs later...
NZDUSD Long Trade Closed:

Closed for 2.5 pips average, 80.7 pips total. Perfect example of what not to do.
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  • #75,814
  • Edited 9:59am Sep 6, 2014 9:41am | Edited 9:59am
Quoting KecoaKecil
I didn't take AUDUSD small long (hate the risk). I leave it be, for i believe the MM would like to take more liquidity next week. Now, i take a look into my GBPJPY and NZDUSD and spot an entry. Both will cancel the effect of swaps. I assume NZDUSD done in building liquidity, switch, and starting to building profit. GBPJPY, according to me the timing is wrong, but i can hope for a pullback, before resuming down wave. Small entry as both are speculative. Love to hear other sonicers comment on this. Good luck to you all. {image} {image}
Regarding GBPJPY:

A plain H4 chart gives perspective on this.

The grayed area shows a previous popular consolidation (building) area. Notice on the run down from the top how the MMs solidly whacked the price down thru this same area ( very tall bear bar). Notice immediately later the MMs manipulated price back up into the area before continuing the drop (upper wicks). The move thru this area was a very high volume move. A lot of orders were executed! On the trip down thru this area, and strikes back up into it, it is possible the MMs were taking the short side of pending long orders knowing that they were about to drop the price another 100+ pips. That is a lot of pips profit they made in short time on the additional shorts they thus accumulated as they pushed down thru that area and as they then struck back up into that area. This seems a popular area for believing longs to place pending long orders. We can therefore reasonably expect that price will return to this same popular area are on any decent bull swing upwards so the MMs can trigger more pending long orders and thereby rebuild their short positions before heading the price back down again..

To refine, see that the weekly range is about 192 pips. Also consider that if a run back up is naught but a retrace in a new major down trend then the price will likely not go the full week range back up on any retrace. But, maybe half of it? A retrace of 91 pips from the Friday close price would place the top of a bull retrace at exactly the half number that marks the top area of that previous consolidation range! Akso see that this is a FR 50% retrace of the bear swing down. A lot of things point to this area as a likely target.

Therefore, if one is to speculate on where price might go next, I'd have to say that if the Robber Banks go on a bull swing, then the target is very likely to be the 172.50 half number area. Will they go on a bull swing?

There is preliminary evidence that they might do so, because there was very high volume in "stopping the drop" on Friday followed by a low volume pump to get the price back above a half number. This might be explained as evidence the MMs closed all or some of their shorts and all that buying (some of which was below a whole number (accumulation of longs?) caused the price to start back upwards. And once the MMs had turned the momentum, they continued to pump up the price on as low volume as possible in order to build in some profits on their new longs, as well as to give the market a bullish look to coax in longs to help with the push up. If this is the case, that the MMs began a push up late Friday, then it is something they might continue to do next week. We just have to wait and see what happens then.
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  • #75,815
  • Sep 6, 2014 10:11am Sep 6, 2014 10:11am
Quoting KecoaKecil
I didn't take AUDUSD small long (hate the risk). I leave it be, for i believe the MM would like to take more liquidity next week. Now, i take a look into my GBPJPY and NZDUSD and spot an entry. Both will cancel the effect of swaps. I assume NZDUSD done in building liquidity, switch, and starting to building profit. GBPJPY, according to me the timing is wrong, but i can hope for a pullback, before resuming down wave. Small entry as both are speculative. Love to hear other sonicers comment on this. Good luck to you all. {image} {image}
Regarding NZDUSD:

This continues to look very bearish.

The H4 chart clearly shows an extremely bearish bar, the most bearish bar in the visible bear swing. And look at the volume associated with it! A lot of trading was done as the MMs manipulated the price back up from the whole number to the half number, a move better explained by the MMs being bears looking to accumulate additional shorts at higher prices than by the MMs being bulls looking to accumulate longs at higher prices. And if the MMs are bears, there has not followed any activity of such notable volume to suggest they have closed their shorts and have started accumulating longs.

Taking the opposite viewpoint, yes, it is possible that "bear" bar represented the MMs buying to close a good portion of their shorts, indicating they might be in the process of switching from bears to bulls. The subsequent down side might represent the "bull" MMs now pushing the price even lower to coax others to be bears while they continue to close their shorts and maybe even to now start accumulating longs. But as things are, we can only see signs of bulls on lower TFs, M15 for example. And even those signs could just be bullish head fake maneuvers by the MMs to coax in longs so they can have liquidity for more shorting.

Therefore, I'd have to say that if we are to speculate on this one, it is that the MMs remain bears and if so, they might continue the price lower in order to obtain more profits before closing their shorts.
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  • #75,816
  • Sep 6, 2014 10:29am Sep 6, 2014 10:29am
AUDUSD:

This looks pending bears......

The H4 chart recently shows more candles representing upthrusts of price and with tall upper wicks. This suggests the Robber Bank MMs have been closing their longs (selling) into the upwards momentum (buying) they create each time they do this. More time is needed to see what the MMs do next. It will give us more clues. But as things stand, based on this chart, I'd have to be of the bearish persuasion, looking for a shorting setup and being very cautious and conservative if engaging any long setup.
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  • #75,817
  • Sep 6, 2014 10:46am Sep 6, 2014 10:46am
EURUSD:

The Week chart shows that the MMs have taken the price down to the lower part of a large scale previous consolidation area with a range of 400+ pips. This is a perfect place to be closing shorts and to be building long. Note, the increasing volume over the past four weeks as the MMs moved the price down. This is an indication that the lower the price went, the more popular it became for trading. Based on "buy low, sell high" this means that the dropping price became more and more popular for buying (closing shorts, opening longs), and not for selling (closing longs and opening shorts). Personally, I think this is all we can presume from the chart. So far as trading this one goes, trading a setup either long or short on M15 would have to be done cautiously and conservatively until the dust settles and larger TF charts like this one give more and better clues as to direction other than ranging. For awhile, ranging is likely all that will happen. But within a 400+ pips range, ranging can give good trading opportunities either way.
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  • #75,818
  • Sep 6, 2014 11:03am Sep 6, 2014 11:03am
GBPUSD:

The Month chart shows this has been on a rip roaring bear run for profits. However, price has landed at the FR 38% retrace level, which is also shown by the chart to be a previous price support level. Note that the September move down bar is already respectable, even though it has little volume behind it yet! Is this a rush to lows by the MMs to sucker shorts while building longs? If not, if it was a genuine bail out/sell-off, then why is the volume so low for such a quick, deep move down to major support? Think about it.

From here, price could go either way. And either way could be head fake moves. So far as trading this one, M15 setups in either direction should be viewed with caution, analyzed carefully, and if entered should have conservative expectations. With more time we will get more clues.

We can not know how the price will move next, but due to the rapid move lower this first week of September, and with a lack of volume to represent a convincing sell-off, I'd have to be of the bullish persuasion. Regardless - and for a while - extra caution is deserved on any trade in either direction.
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  • #75,819
  • Sep 6, 2014 11:37am Sep 6, 2014 11:37am
EURJPY:

The Day chart shows the MMs hiked the price above a whole number and then whacked it quickly down 200+ pips to below a whole number. And this whacking took the price all the way down thru an established 200 pips range, where likely there were a lot of pending long orders! This is speculation on my part, but based on first the hike and where the move down landed, and the fact that the entire range of the move was quickly thru a price area lucrative with pending orders that were most likely long orders on which the MMs,.....triggering them, taking the short side and likely averaging a 100+ pips gain on them all.....

......I'd be of the bullish persuasion on this now! This looks a lot like a Wyckoff Accumulation phase that just had it's "Spring" down. But, we can not know how price will move next, so for a while now caution on any setup - either direction - would be wise until we get more clues confirming, or otherwise.
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  • #75,820
  • Sep 7, 2014 1:42am Sep 7, 2014 1:42am
Quoting FXRobert
{quote} Great. Good job, nice weekend.
Thank you
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