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Sonic R. System

  • #75,821
  • Sep 7, 2014 3:12am Sep 7, 2014 3:12am
Quoting traderathome
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,...
Thank you. I read all the posts. Make perfect sense.
Don't blame the tools. Blame the carpenter.
  • #75,822
  • Sep 7, 2014 4:34am Sep 7, 2014 4:34am
Quoting traderathome
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,...
this zone is potential for good reversal, i would take a buy and set my RR3:1. Worth the risk, if this does not GAP down tomorrow.
  • #75,823
  • Sep 7, 2014 5:09am Sep 7, 2014 5:09am
Quoting traderathome
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...
Thanks for your posts, they help a lot to understand what's going on
  • #75,824
  • Edited 1:36pm Sep 7, 2014 1:15pm | Edited 1:36pm
Comment Regarding Analyses:

Large TF charts sometimes offer clues on direction. Is the trend new? Is it strong? Is it aged? Is it showing signs of weakness? Has price seemingly entered a range? Is it at or near the top of the range (possible short opportunity), or the bottom (possible long opportunity)? Things like this can help build a perspective from which to assess M15 setups.

For example, Sonic some time ago began the practice of examining the Week chart, the most recent bars, to try and determine if bulls or bears seem to be currently running the show, and then assessing any setup that comes based on that viewpoint. And of course, we have always had the "Secret to Sonic R." (pdf. linked in Post #1) that demonstrates using the H4 chart in the same way for the same purpose.

This manner of analysis is not a waste of time. And it can help to keep you out of trouble. No matter what direction setup comes on M15, it pays to have a bigger perspective in mind. This is not to say that counter perspective setups should be avoided, because we should not forsake trading "what the market gives." It means that we should be cognizant when a trade setup is not in accord with the perspective, and be more conservative in our expectations for it and be quick to respond appropriately to faltering PA.

Use larger TF charts to get a sense of who is in control (bulls or bears) and the status of their trend (new/old, strong/weak or now ranging). Have this perspective in mind when it comes to analyzing M15 setups. It is totally appropriate to enter counter trend setups and setups during ranging, but prudence dictates having a decreased level of expectation and an increased level of caution.

Just Opinion,
-tah
  • #75,825
  • Sep 7, 2014 1:34pm Sep 7, 2014 1:34pm
Quoting leentjai
{quote} My broker GO MARKETS has not displayed this gap.
I appreciate the information.

Now I do not have time to illustrate it using charts, but I can say that I will watch EURJPY and AUDUSD.

bYE...
Donde hay Patron no manda Marinero
  • #75,826
  • Sep 7, 2014 2:08pm Sep 7, 2014 2:08pm
Opinion - TAH or someone familiar with this system should write a proper pdf for this system. If you are new and try reading those pdf posted in the first page, i can guarantee you cant understand anything at all. Esp the PVA part, its not even in proper english how do you expect new traders to learn and when they try to ask questions TAH rage at them, dude look at how long this thread is 3792 pages and you are telling a new trader to read it because it contains information of how to use this system. So far i can see is newcomers asking explanation for your sentiment you just rage at them. I suggest a proper well written PDF , if need be i can help but i need to have a proper understanding so far i understand less than 10%.
  • #75,827
  • Edited 3:18pm Sep 7, 2014 3:03pm | Edited 3:18pm
Quoting jasonhaw
Opinion - TAH or someone familiar with this system should write a proper pdf for this system. If you are new and try reading those pdf posted in the first page, i can guarantee you cant understand anything at all. Esp the PVA part, its not even in proper english how do you expect new traders to learn and when they try to ask questions TAH rage at them, dude look at how long this thread is 3792 pages and you are telling a new trader to read it because it contains information of how to use this system. So far i can see is newcomers asking explanation...
jasonhaw,

I understand your frustration. I agree it would be nice if everything could be rewritten, maintaining clarity, but with less volume. On the other hand, the Sonic R. System of Classic setups has never changed, and the several manuals linked in Post #1 (in several languages) do an adequate job of explaining this very simple method. Most people that come here manage to at least get this "basic" under their belt. Some do not, and I can only question and rage at them as to why they have not done so, considering how simple the task is.

You are very quick to complain about things. I see that you frequent other threads, far more so than this one, and some of which are very indicator dependent. It seems you come here mostly to post complaints. Of your last 75 posts on FF, only 4 have been posts on this thread! I do not think you are a Sonicer and I have a problem with non-Sonicers dropping in with complaints. Take this as meaning your posting privileges here are in jeopardy if you continue in this fashion. Come here, stay here as a Sonicer, and contribute to help things improve. Why don't you learn the system and write a new pdf? Are you "above" helping others? Are you capable of complaining, but not contributing? On the other hand, if you are a non-Sonicer then please stay on one of those other threads and post your complaints there.

-tah
  • #75,828
  • Sep 7, 2014 3:06pm Sep 7, 2014 3:06pm
as i said this is an opinion , yes i am a indicator dependent trader, however i do see potential in using volumes too , but i cant do it without understand how to use it, classic setup i understand , enter at pullback of the trend , but i want to learn PVA , again im not complaining im just suggesting . And how do u expect on to learn the basics when it isnt written in proper English ?
  • #75,829
  • Edited 3:44pm Sep 7, 2014 3:27pm | Edited 3:44pm
Quoting jasonhaw
as i said this is an opinion , yes i am a indicator dependent trader, however i do see potential in using volumes too , but i cant do it without understand how to use it, classic setup i understand , enter at pullback of the trend , but i want to learn PVA , again im not complaining im just suggesting . And how do u expect on to learn the basics when it isnt written in proper English ?
jasonhaw,

Some contributors might have faulty command of English, but they still made the effort to contribute. And what is linked in Post#1 is valuable, regardless of what shortcomings there might be.

On the other hand, most of what is written about PVA I have written. And it is interspersed as PVSRA in different materials linked in Post #1, as well as in many additional non-linked posts on this thread. Your problem seems to be that you spend much of your time posting elsewhere and little of your time doing the required Post #1 Homework and keeping current with your reading of this thread. You want to come in from "outside" and have it all laid out for you to "take and leave". Sorry, but we are also traders here. And so far, we have not had time to accommodate such wishes, by you or by any other non-Sonicer. Sonicers understand this and dedicated Sonicers stay current.

Outsiders seem not to be able to appreciate the efforts here - freely given - even if they are not up to their own standards of freely taking.

-tah
  • #75,830
  • Sep 7, 2014 4:06pm Sep 7, 2014 4:06pm
I am very happy today. I closed last time all orders with DD.

GBPUSD -600 -700 pips down last few weeks. Last summer I remember horror like that on EUR and GBP
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  • #75,831
  • Sep 7, 2014 5:16pm Sep 7, 2014 5:16pm
Quoting traderathome
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...
At present, it is dangerous to envisage this as being Bullish.

With Scotland voting for independence on 18th September and a poll indicating that those in favour of independence is winning, this will have a negative impact on all GBP related pairs.

It would not surprise me when markets open on Sunday, the GBP related pairs will all tumble!
  • #75,832
  • Sep 7, 2014 5:20pm Sep 7, 2014 5:20pm
Quoting leentjai
Opened scout Long EUR/JPY..Short time frame {image}
Closed EUR/JPY +181 p
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  • #75,833
  • Edited 6:13pm Sep 7, 2014 5:39pm | Edited 6:13pm
Quoting Forex-Forex
{quote} At present, it is dangerous to envisage this as being Bullish. With Scotland voting for independence on 18th September and a poll indicating that those in favour of independence is winning, this will have a negative impact on all GBP related pairs. It would not surprise me when markets open on Sunday, the GBP related pairs will all tumble!
GBPUSD:

Your post was after the market opened, so of course you weren't surprised.

Yes, the MMs opened with a nice gap down. But, as of this writing the gap is being reduced, and aggressively so it looks like at this time. So, many nice pending short orders along that gap got triggered by the kindly Robber Banks, who likely took the long side of them all, and are currently moving the price upwards again.

We can never know how price will move next. Why? For the namesake of the Robber Banks, that's why! They move prices to steal money. It is called "creating liquidity", a nice friendly term coined by the corrupt people that control prices. Most price moves are mostly about the Robber Banks stealing other people's money,.....ops, I mean "creating liquidity",.......to build their positions and then to price profits into them.

BTW, this makes ten posts by you since back in December 2013 when you made your first and only post with a picture, which was a ridiculous one at that! So, fair warning to you after all the patience extended to you. No pic., no post! Next time, no more posting privileges. Do your Post #1 Homework if you have any questions about this.

If you were posting real time, mostly successful Sonic R. System trades as others here do, then being a critic from time to time might be considered a valuable contribution to the thread. Why don't you try it.

-tah
  • #75,834
  • Sep 7, 2014 6:58pm Sep 7, 2014 6:58pm
Quoting jasonhaw
as i said this is an opinion , yes i am a indicator dependent trader, however i do see potential in using volumes too , but i cant do it without understand how to use it, classic setup i understand , enter at pullback of the trend , but i want to learn PVA , again im not complaining im just suggesting . And how do u expect on to learn the basics when it isnt written in proper English ?
I'm not an English-speaking grandmother but I understood all that is written in pdf.Yes..it take time ,but it worth it !What's going on with you guys? Laziness ?
Here people from all over the world and we understand each other even though we write with mistakes in English.. SORRY
  • #75,835
  • Sep 7, 2014 7:17pm Sep 7, 2014 7:17pm
EURJPY:

Sonicers, this is one to watch, I think.

On your M15 chart you can see the recent numbers of times price has been taken below the whole number. Starting this week off, the Asian MMs promptly had it back below the whole number. Now it looks like the pivot area below the 1/4 level is being used to consolidate (more building)......
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  • #75,836
  • Sep 7, 2014 9:27pm Sep 7, 2014 9:27pm
My view of the EUR/JPY...One of possible scenarios ...
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  • #75,837
  • Sep 7, 2014 11:19pm Sep 7, 2014 11:19pm
Hi Sonicers,

How would broker deal with price that gaps beyond SL or TP?

Take for example, GBPAUD, I have an open sell position with TP at 1.7360 - but when the session opens, price actually gapped down to 1.7254 which is lower beyond and without touching my TP price. But my position was actually closed out by the broker at the TP price.

Is this the common practice by broker = to close position when price move beyond and without touching TP level? What if it's the other way round - price gaps beyond the SL level - would broker also close your position at your SL level despite price gap to a worst off level???

This is my first time experiencing prices gaps - would like to know more from you guys..

thanks a lot!
  • #75,838
  • Edited 1:26am Sep 8, 2014 12:55am | Edited 1:26am
Quoting NewSonicer
Hi Sonicers, How would broker deal with price that gaps beyond SL or TP? Take for example, GBPAUD, I have an open sell position with TP at 1.7360 - but when the session opens, price actually gapped down to 1.7254 which is lower beyond and without touching my TP price. But my position was actually closed out by the broker at the TP price. Is this the common practice by broker = to close position when price move beyond and without touching TP level? What if it's the other way round - price gaps beyond the SL level - would broker also close your position...
Answer: Your broker will give you the shitty end of both sticks! If dealing with TP, you get only per your TP, not more of a gain per the opening price beyond your TP. If dealing with SL, you get the worst - where the gap starts beyond your SL, not less of a loss per your SL.

If you have a complaint, call your Robber Broker. who will tell you "This is simply convention, .....the way it is done." Which is another way of explaining to you that thievery in this market is the convention. If you want to complain to a higher authority - so you can hear the same thing - complain to your broker's liquidity providing Robber Bank(s). They are the ones that work in collusion to create these gaps to make the thieving by themselves and the brokers possible.

-tah
  • #75,839
  • Edited 1:25am Sep 8, 2014 1:22am | Edited 1:25am
Quoting traderathome
{quote} Answer: Your broker will give you the shitty end of both sticks! If dealing with TP, you get only per your TP, not more. If dealing with SL, you get the worst - where the gap starts beyond your SL, not less per your SL. If you have a complaint, call your Robber Broker. who will tell you "This is simply convention, .....the way it is done." Which is another way of explaining to you that thievery in this market is the convention. If you want to complain to a higher authority - so you can hear the same thing - complain to your broker's liquidity...
Ouch..Talking about gaps. Yeah, i got myself trapped. Just when i starting my over-24hours trade. Looking back at my charts @3 and 5 sep, i do notice my shift in position, because "i am assuming, i knew where the price gonna be." Well, lesson taken. GBPJPY looks like in a new trends heading south, and still gonna be, tomorrow will decide, if my assumption of MM Baron time schedule could be right. ^_^ for now on, i could just take opposite position (temporary) to reduce the loss, or just let it be (i do have adequate margin). May i ask your opinion, if you are in wrong side of the trade, what would you choose? a. Fold b. Hang on c.Take opposite trade.

PS: The bars, come from my analysis of "probable MM action schedule" Pink and Cyan, the most probable of switching position for MM.
Attached Image(s) (click to enlarge)
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Don't blame the tools. Blame the carpenter.
  • #75,840
  • Edited 2:58am Sep 8, 2014 2:44am | Edited 2:58am
Quoting KecoaKecil
{quote} Ouch..Talking about gaps. Yeah, i got myself trapped. Just when i starting my over-24hours trade. Looking back at my charts @3 and 5 sep, i do notice my shift in position, because "i am assuming, i knew where the price gonna be." Well, lesson taken. GBPJPY looks like in a new trends heading south, and still gonna be, tomorrow will decide, if my assumption of MM Baron time schedule could be right. ^_^ for now on, i could just take opposite position (temporary) to reduce the loss, or just let it be (i do have adequate margin). ...
GBPJPY:

I think loeil would say there are now signs of bulls in the background.

PA says the MMs are bears still. But, are they now bears devoted to creating liquidity to become bulls? Wait for a long setup? Pick a Scout entry long before a Classic setup? If you are already long and in the red, then add at some lows? Grit your teeth and hold on? Bail out and just wait?

These are questions each trader must ask and find their own answers to them based on their account situation. No one else can do that for them.

-tah
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