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Sonic R. System

  • #76,441
  • Oct 1, 2014 10:33am Oct 1, 2014 10:33am
GBPAUD:

There is some horrific position building going on here! The question is, which type: long or short? My guess (that's all it is) is the MMs are building long. I guess this way due to the fact the MMs whacked the price in the early part of the LS followed with long lower wicks at the lows below the half number, indicating persistent attempts at accumulating longs at low prices. And though the US session exhibits such wicks both top and bottom, the bottom ones are dominant, with most of this price action below a whole number. We'll just have to wait and see how it actually turns out.
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  • #76,442
  • Oct 1, 2014 11:04am Oct 1, 2014 11:04am
Quoting traderathome
AUDUSD Long Trade Open: Previously entered with Scouts. No TP set at this time. The basis was the sudden and extensive move down. These are typically the result of MMs looking to close positions in a hurry, at good prices, because they see a turn-around coming. And they would know, since they are the ones that will Master Mind such a turn-around. This is right now a good Classic long setup, too. PA wave is good, Dragon is up, Trend is up, price is above both, and it is the LS. {image}
AUDUSD Long Trade Closed:

Closed for gain of 37.3 pips average, 149.1 pips total.
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  • #76,443
  • Oct 1, 2014 11:08am Oct 1, 2014 11:08am
USDJPY Short Trade Open/Closed:

Closed for gain of 27.3 pips average/total. This was a re-entry to a Classic short setup, after the MMs retraced the price up to a key SR area.
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  • #76,444
  • Oct 1, 2014 2:12pm Oct 1, 2014 2:12pm
Sort of reading the market/ reaction points

Have fun.

H.
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"The future is already written in the past"
  • #76,445
  • Oct 1, 2014 3:39pm Oct 1, 2014 3:39pm
GBPJPY Short Trade Closed: Day Trading

Closed for Profit of about 70.1 pips average/total. This was for 0.6 lots = $400.38

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  • #76,446
  • Edited 5:21pm Oct 1, 2014 4:53pm | Edited 5:21pm
Quoting hansma
Sort of reading the market/ reaction points Have fun. H. {image} {image}
Hansma,

No need for that "exercise", Hansma. It always comes down to whole, half and quarter level areas, which is another feature of our Access Panel you choose to ignore. Just check it out and you will see. Simple.

Really, instead of your infrequent "quasi-instructive resemblance" postings, why don't you post some real-time trades demonstrating your use of whatever it is you are into at the time? And if you are no longer a Sonicer, why bother us with them at all? After all, though it is nice to have an idea of the many places price might land when it is on the move, it is more important to get in on the right side of the future move, and survive the Stop Hunts when you do.

Have Fun,
-tah
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  • #76,447
  • Oct 1, 2014 5:14pm Oct 1, 2014 5:14pm
Quoting Forex-Forex
GBPJPY Short Trade Closed: Day Trading Closed for Profit of about 70.1 pips average/total. This was for 0.6 lots = $400.38 {image}
Pretty much the same trade , I surfed down with that huge wave for 126 points
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Man lie, woman lie, numbers don't
  • #76,448
  • Oct 1, 2014 5:32pm Oct 1, 2014 5:32pm
EURUSD Long Trade Open:

Classic entry, pre-LS. This is based on nice PA waves, Dragon up, Trend up, Dragon crossing up thru Trend, and price generally being above all, but currently being pulled back down to where there is confluence of the Dragon, Trend and PVT. This has everything going for it except the high trading volume of the LS. Even the most significant previous lows have been marching upwards. However, in spite of all this, and especially if "long" is the right side of the future move, no matter if the price moves up now, the LS MMs might Stop Hunt, which could bring price back down, and even lower. So, if the price moves up nicely now, I might take my leave and look for a new trade in the LS.
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  • #76,449
  • Oct 1, 2014 7:42pm Oct 1, 2014 7:42pm
Quoting Forex-Forex
GBPJPY Short Trade Closed: Day Trading Closed for Profit of about 70.1 pips average/total. This was for 0.6 lots = $400.38 {image}
GJ Short -- nice trade - ranging at top after coming off a strong previously VERY bullish move... I am in on the same trade and would find it remarkable if smart money doesn't want to take more profits as price moves lower... watching closely volume at top and bottoms of moves on 1m, 15m and 1hr for the PVSRA edge
time will tell but I plan on more as I waited a good many days for something to happen...see 4hr chart for this breakout after 7 days...time will tell
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Entries in the wicks over and over **PVSRA rules!
  • #76,450
  • Oct 1, 2014 8:38pm Oct 1, 2014 8:38pm
I look closely on this one. There are pink bar (mark my MM(a), not visible in W1), several scenario come to mind, as the week is not yet closed.
1. MM will coax more long, they stop hunt later. This will drive down into 0.86xx level, and boom RED nfp (they have the paper already).
2. Don't care, they have build up long already, traders will probably doing the short as they think it is a correction, and with the help of draghi. Wow, that indicate RED NFP too.
3. Hmm, NFP is green, so build short. Capped it at 0.8775-0.8800 level (build short), next week is another way down to 0.8500 level
In a nutshell this give me a headache.
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Don't blame the tools. Blame the carpenter.
  • #76,451
  • Oct 1, 2014 9:40pm Oct 1, 2014 9:40pm
Quoting KecoaKecil
I look closely on this one. There are pink bar (mark my MM(a), not visible in W1), several scenario come to mind, as the week is not yet closed. 1. MM will coax more long, they stop hunt later. This will drive down into 0.86xx level, and boom RED nfp (they have the paper already). 2. Don't care, they have build up long already, traders will probably doing the short as they think it is a correction, and with the help of draghi. Wow, that indicate RED NFP too. 3. Hmm, NFP is green, so build short. Capped it at 0.8775-0.8800 level (build short), next...
KecoaKecil,

Yes, it is a headache doing it that way.

On the other hand, as Sonicers seeking "effective simplicity" we can accept that we cannot know how the MMs will move price, no matter what the "news". And therefore, we should just look for proper LS setups and trade them, being more cautious and conservative with counter trend setups. The important thing is to get on the right side of the future move. The momentum that builds in the LS, which is a contributor to the creation of our setups, can help us do that. Yet, even if we succeed in getting in on the right side of the future move, we still have to contend with (or take advantage of) Stop Hunts. But, since it all starts with a bonafide Classic setup, and trading light relative to our accounts, it is a lot easier than trying to play mental chess as regards the MMs and their possible moves in conjunction with "news".

-tah
  • #76,452
  • Oct 1, 2014 9:57pm Oct 1, 2014 9:57pm
Quoting traderathome
EURUSD Long Trade Open: Classic entry, pre-LS. This is based on nice PA waves, Dragon up, Trend up, Dragon crossing up thru Trend, and price generally being above all, but currently being pulled back down to where there is confluence of the Dragon, Trend and PVT. This has everything going for it except the high trading volume of the LS. Even the most significant previous lows have been marching upwards. However, in spite of all this, and especially if "long" is the right side of the future move, no matter if the price moves up now, the LS MMs might...
EURUSD Long Trade Closed:

Closed for gain of 23.3 pips average, 46.5 pips total.
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  • #76,453
  • Oct 1, 2014 10:04pm Oct 1, 2014 10:04pm
EURGBP:

Sonicers, this appears to be hovering for a break up at a level just below a whole number. M15 has some attributes of a setup and H1 is supportive. Take a look at these charts yourself. I think this warrants watching.
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  • #76,454
  • Oct 1, 2014 11:17pm Oct 1, 2014 11:17pm
Quoting traderathome
{quote} KecoaKecil, Yes, it is a headache doing it that way. On the other hand, as Sonicers seeking "effective simplicity" we can accept that we cannot know how the MMs will move price, no matter what the "news". And therefore, we should just look for proper LS setups and trade them, being more cautious and conservative with counter trend setups. The important thing is to get on the right side of the future move. The momentum that builds in the LS, which is a contributor to the creation of our setups, can help us do that. Yet, even if we succeed...
Looks like i over complicated matter, that already complicated.
Don't blame the tools. Blame the carpenter.
  • #76,455
  • Oct 2, 2014 1:55am Oct 2, 2014 1:55am
Classic example, no drawdown, quick in - quick out
Short EURUSD and Long USDCHF... In another word I buy the USD against all european Currency...
Regards,
-GP-
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It's all started from page one
  • #76,456
  • Oct 2, 2014 2:11am Oct 2, 2014 2:11am
Pre LO. Quick in quick out
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  • #76,457
  • Oct 2, 2014 4:33am Oct 2, 2014 4:33am
[quote=Patron;7772817]{quote} From my perspective, I do not consider the patterns that you have drawn as Classics, on the degree to which this correction needs to end. To finish the correction has broken a fractal of the same degree that the wave corrected. Elliot fans for this would be the highest part of the B-wave (if the pair remains bullish) or the lower part of the C wave (when the pair becomes downward). But here we can not get into that. Yes we can do Chartism, and while the child out or finish the pair figure charting is very difficult to find the first pattern to finish the correction. So for me, very short trades, as the pair is contained within a corrective charting. IMHO

I had opened a scout before we started discussion above whole number based on multiple times MM's knocked price up and just closed this morning.
As you can see I was too afraid to add to it, and still don't have any idea what MM has up their sleeve. But I happy with pips.
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  • #76,458
  • Oct 2, 2014 5:05am Oct 2, 2014 5:05am
Quoting slimypips
Quoting Patron
{quote} From my perspective, I do not consider the patterns that you have drawn as Classics, on the degree to which this correction needs to end. To finish the correction has broken a fractal of the same degree that the wave corrected. Elliot fans for this would be the highest part of the B-wave (if the pair remains bullish) or the lower part of the C wave (when the pair becomes downward). But here we can not get into that. Yes we can do Chartism, and while the child out or finish the pair figure charting is very difficult
...
I congratulate you. Good trading.
Donde hay Patron no manda Marinero
  • #76,459
  • Edited 9:25am Oct 2, 2014 9:09am | Edited 9:25am
EURUSD Long Trade Open:

Scout entries.

There are nice PA waves, the Dragon is up, Trend is up, Dragon is above Trend, and it is the LS.

This is also based on there being an apparent support area where position building has been taking place. At this point, the Asian and more recently the London/US MMs have had runs up from this area, which were likely to further their long building, as well as suck in other longs to Stop Hunt. The Asian session MMs already had their Stop Hunt on longs. And the Stop Hunt on longs by the London/US MMs may be underway now, i.e., the retrace during which I have entered with Scouts. If it continues to drop, I intend to continue to add if I am at the computer. Unfortunately, when price retraces and we are looking to enter at the "best" level of the retrace, we simply cannot know where that level will be. I added in each area that represented a possible "retrace stop" level, as best I could. This is simply one of the indeterminate aspects of trading. And it is why I trade light on my entries.

No TP set at this time.
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  • #76,460
  • Oct 2, 2014 9:39am Oct 2, 2014 9:39am
AUDUSD Short Trade Open:

Classic entry. The PA waves are bearish. However, neither the Dragon nor Trend is angled down and the Dragon is above the Trend. So, this is not a qualified setup, and has higher risk. I have taken the trade due to price having already hit the RDH/RWH area at the conclusion of a 150+ pips bull swing - which you can see on your H1 chart quite well - during an established down trend. Because the setup is not qualified, the price might not drop. Maybe tomorrow. Maybe not at all.

No TP is set at this time.
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