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Sonic R. System

  • #77,161
  • Oct 29, 2014 11:14pm Oct 29, 2014 11:14pm
Quoting Gupito1508
{image} Bull volume analysis is decrease, hover above 50... PA screaming Short... Followed by a Nice Stophunt (Batman - feinan said that), and another wham bamp.... all resistance being wipe out by previous PA that encourage weak short holder to reverse into long, and more buyer jump into long position. Well, my finger is my safety, so I know when to hold, fold, or even add. one classic only, and it result 10%... I never did fancy analysis, just jump when PA, volume, and classic occur. Too much analysis is the sign that you losses your confidence....
Gupito1508,

You just contributed an incredibly insightful post for the education of all!

I particularly like your comment, "I never did fancy analysis, just jump when PA, volume, and classic occur." So true!

Great trading by you, Gupito!

-tah
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  • #77,162
  • Oct 29, 2014 11:19pm Oct 29, 2014 11:19pm
Quoting traderathome
{quote} Gupito1508, You just contributed an incredibly insightful post for the education of all! I particularly like your comment, "I never did fancy analysis, just jump when PA, volume, and classic occur." So true! Great trading by you, Gupito! -tah {image}
¿where is the classic?
Donde hay Patron no manda Marinero
  • #77,163
  • Oct 29, 2014 11:22pm Oct 29, 2014 11:22pm
Quoting traderathome
Patron, I hate to say it, but in the last 24 hours you have posted ten times with all manner of "analysis", "corrections", "C waves", etc, etc., .......and not a single trade! The worst part of it is, it is too much analysis, which is mostly a waste of time - I readily admit that about my own analysis - but yours is a lot further from the Sonic R. way of looking at things. Do try to get back on track here. We are not "analysis" driven here. We are Classic setup driven here. And for that, we need no analysis. Just good reactions to what the MMs do...
It's a shame.

Hasta mañana. Bye.
Donde hay Patron no manda Marinero
  • #77,164
  • Edited 11:50pm Oct 29, 2014 11:26pm | Edited 11:50pm
Quoting Patron
{quote} Hello Gupito. I congratulate you on the result. But I do not agree on the nomenclature you use. The pattern that you term as "Classic" is not, but that is the end of a correction (for who wants to know: C wave, fourth wave, higher level). After this correction, the fifth (and last) wave reached forming a double top in zone of resistance, and the news closely. This is not a criticism, nor is personal, but general. There is a chronic weakness of this thread confuse this type of corrections, with classics. That is why I insist so much, we...
Patron,

This is where you are wrong..."There is a chronic weakness of this thread confuse this type of corrections, with classics."

You see, we don't give a damn about all that stuff: waves, 1 thru 5, or whatever, ....corrections, .....kitchen sinks!

A trader does not need to know anything about any of that stuff to be successful! And that is the entire point of the Sonic R. System!

If you want to have traders rally around you due to your knowledge of it all, I suggest you start your own thread, because here we intend to keep it simple,.....just like Gupito said, we simply trade Classic setups which clearly stand out on our template without any of that sort of analysis. Beyond that, it is money management, as it is with any method of trading.

Look at it this way. A trader can have a method of trading based on wave analysis, and I mean a more "formal" wave analysis, such as you seem to be into. Or, a trader can have a method of trading based on a simple and immediate 1-2-3 PA directional wave pattern crossing a moving average line angled in the same direction. The latter is what we do here. And it is a lot more simple than having to delve into more "formal" wave analysis. It is elegantly simple and very effective. That makes it ideal for a lot more traders. That is what the Sonic R. System is. Please do not try to convert it to something else. It is fine the way it is.

Also, please do not say, "It's a shame." just because we do not subscribe to a more formal involvement of wave analysis, without which we have become the most successful thread on Forex Factory with traders posting real time trades in standard format, unlike anywhere else on Forex Factory!

-tah
  • #77,165
  • Oct 29, 2014 11:33pm Oct 29, 2014 11:33pm
Hello traderathome ,

I read your post & i like. i really appreciate you. but i notice that post about ``Patron `` and he left. This is a community so we should respect each other. He post his analysis.... so lets be friendly
  • #77,166
  • Oct 29, 2014 11:47pm Oct 29, 2014 11:47pm
Quoting traderathome
{quote} Patron, This is where you are wrong..."There is a chronic weakness of this thread confuse this type of corrections, with classics." You see, we don't give a damn about all that stuff: waves, 1 thru 5, or whatever, ....corrections, .....kitchen sinks! A trader does not need to know anything about any of that stuff to be successful! And that is the entire point of the Sonic R. System! If you want to have traders rally around you due to your knowledge of it all, I suggest you start your own thread, because here we intend to keep it simple,.....just...
You are totally wrong in my opinion. And I'm waiting to show me the Classic.
Donde hay Patron no manda Marinero
  • #77,167
  • Edited Oct 30, 2014 12:27am Oct 29, 2014 11:58pm | Edited Oct 30, 2014 12:27am
Quoting traderathome
{quote} EURGBP Long Trade Update: Added M1 Classic/M15 Scout to trade. Price was retraced twice into a support area and an M1 setup came on the second event. Still no TP/SL set. {image}
EURGBP Long Trade Update:

Added a Scout as the MMs worked the price low again. You can see how slight the volume is on this whack job the MMs are giving it. There is no support for the dropping price. It is simply the MMs manipulating it down in order to collect some cheap longs for themselves. If they take it lower like this, I might add again.
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Edit: Now you see the proof! After these thieves got the price low, they are loading up with longs! Look at the volume now, while they hold the price at the lows!
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Edit: And another whacking on miniscule volume! This is price manipulation by the thieving Robber Banks/MMs to accumulate longs for themselves at low prices.
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Edit: And here you can see that while they held the price down some more, they added more longs for themselves. Look at the volume now. And where did the longs come from? This was a Stop Hunt on longs, with the thieves dropping the price, holding it for awhile to soak up those longs that folded, and then they dropped the price more and waited for more longs to fold,...over and over.
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  • #77,168
  • Oct 30, 2014 12:13am Oct 30, 2014 12:13am
Quoting traderathome
USDCAD Long Trade Open: M1 Classic entry, pre-LS. There remains the possibility (chances getting better now) of a breakout upwards, as depicted on your Month chart and as previously posted about. If this happens, the few pips missed betwixt here and the launch pad yesterday really do not matter. No TP/SL yet. Come the LS today, volatility could increase, and the greedy MMs might be tempted to Whack it, which would make a nice up-to-date Stop Hunt on longs. {image}
USDCAD Long Trade Closed:

Closed for gain of 19.3 pips average/total. Overall, my outlook remains unchanged. Just taking profit here, and will now wait and see what the LS does.
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  • #77,169
  • Edited 1:31am Oct 30, 2014 1:02am | Edited 1:31am
Quoting Gupito1508
{image} Bull volume analysis is decrease, hover above 50... PA screaming Short... Followed by a Nice Stophunt (Batman - feinan said that), and another wham bamp.... all resistance being wipe out by previous PA that encourage weak short holder to reverse into long, and more buyer jump into long position. Well, my finger is my safety, so I know when to hold, fold, or even add. one classic only, and it result 10%... I never did fancy analysis, just jump when PA, volume, and classic occur. Too much analysis is the sign that you losses your confidence....
Analyze? Why Bother!

Sonicers,

There are two main reasons to study charts: 1) to form a direction bias, and 2) to locate S&R areas that could affect a trade. Nobody should have any argument with reason #2, but lets consider more reason #1.

Do we really need a direction bias? Think about that. If we have a setup that we trade, should we not trade it,....regardless of bias? How many times do we pass on a setup because it is not according to our bias, just to see it run for decent pips? How many times do we trade a setup that is according to our bias, see the price reverse on us, but we stay in the trade due to our bias telling us the trade will be fine, that PA will turn around soon? But it doesn't! Do we really need a bias? No!

Do we have a bias when we enter a trade? No! What we have is a setup, a probability factor in our favor, and acceptance that we do not actually know how the price will move! And therefore, we'd better have a plan in case price does not move according to the setup. We need to know if to fold, hold or add. And this is the nitty-gritty of trading. And the answer is not in having a bias from the previous study of charts, but in seeing how the price is moving in real time, how activity levels change with it, and where S&R levels are.

So, the study of charts to form a bias - analysis - is for the birds. It is not something we should waste a lot of time on, or put a lot of faith in. In reality, it seems more destructive than constructive.

I have to thank Gupito once again for his splendidly concise and thought provoking post.

-tah
  • #77,170
  • Oct 30, 2014 1:13am Oct 30, 2014 1:13am
Good Morning Traders,

waking up and seeing that, what do you think about EU. Will we reach 1.25 this day ?

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Edit: I mostly think about a Re Entry at 1.262
  • #77,171
  • Oct 30, 2014 1:38am Oct 30, 2014 1:38am
Quoting forexTN14
Good Morning Traders, waking up and seeing that, what do you think about EU. Will we reach 1.25 this day ? {image} Edit: I mostly think about a Re Entry at 1.262
EURUSD:

Who knows how the price will move. The trend is down. I doubt we will see a new Classic short setup. Probably just "re-entry" opportunities when price retraces up to a level of previous brief support. But, you never can know. One thing that can be done is to put a FR study on the move down and/or on the newest lower portion of the move down. And in that way maybe make sense out of, or get confidence in however the MMs move the price today.
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  • #77,172
  • Oct 30, 2014 2:15am Oct 30, 2014 2:15am
Quoting traderathome
GBPJPY Short Trade Open: M15 Classic entries, post-LS. This is based on several points: 1) JPY pairs are overpriced, imho and 2) this pair is especially overpriced, imho and 3) take a look at the Week chart. No TP/SL at this time. JPY releases still ahead this week and could result in high volatility. {image} {image}
GBPJPY Short Trade Closed:

Closed for loss of 12.3 pips average, 36.8 pips total. Over all, my outlook remains unchanged. But this looks like it might climb between now and the JPY releases. So, I decided to close here. I'll watch for a bit and see if it looks like a long candidate, or if I should hold off.
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  • #77,173
  • Oct 30, 2014 3:06am Oct 30, 2014 3:06am
GBPJPY Long Trade Open:

M15 Classic entries. What can I say? That is a setup. I think I have set a reasonable TP and SL. Now, time will tell.
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  • #77,174
  • Oct 30, 2014 3:49am Oct 30, 2014 3:49am
Quoting traderathome
{quote} Analyze? Why Bother! Sonicers, There are two main reasons to study charts: 1) to form a direction bias, and 2) to locate S&R areas that could affect a trade. Nobody should have any argument with reason #2, but lets consider more reason #1. Do we really need a direction bias? Think about that. If we have a setup that we trade, should we not trade it,....regardless of bias? How many times do we pass on a setup because it is not according to our bias, just to see it run for decent pips? How many times do we trade a setup that is according to...
Quoting Patron
{quote} ¿where is the classic?
I feel responsible to explain this, because this is my trade, and I always have a reason before jump into the market, first, at H1 picture below, I saw that price ready to reverse. The volume that's the sign of enthusiasm have yelled "SHORT" not "LONG".
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Then, on m15, I saw a classic. Yet the classic not formed perfectly that time, I dare to jump, with a caution for the next PA. The next PA is stophunt above 50, and I tell this stophunt, because the hike is stopped, and pullback. I see it as the sign to hold, not fold. But how if PA not stopped? I'll fold at some wise price available that time. But, because the checklist of order being formed perfectly, and followed my trading plan step by step, I hold, and set the TP as long as possible. Why? Because the hike of the price is to encourage buyer to opposed the MM for further liquidity they want for shorting this pair. By multiple whip and whack, all the order at bottom (resistance) is become empty, and all weak shorters being busted by multiple whip and whack. This panic and tempted condition, supported by the area of price is considered low for most person, Market Maker will have the liquidity they need for shorting, thus, all support is empty and filled with buy stop above 50 area, no wonder price dipped and free fall into the bottom. That's I already anticipated, and that's why I take a good and deep pips from this trade. For all that questioning the BATMAN term, search Feinan post, and read it.
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And yes, I provoked the other, not to do much analysis, but learn from it. Each trade is UNIQUE, full of EXPERIENCE. To be succeed in this dog eat dog market, each trader need to tame your GREED, make a PLAN like a boss and not RUSH into position, but do it QUICKLY when decide to jump and have FAITH with your skill, ended by WATCH LIKE A HAWK. If you can't did it, back into your homework again.

Regards,
-GP-
It's all started from page one
  • #77,175
  • Oct 30, 2014 4:52am Oct 30, 2014 4:52am
Quoting traderathome
{quote} EURGBP Long Trade Update: Added a Scout as the MMs worked the price low again. You can see how slight the volume is on this whack job the MMs are giving it. There is no support for the dropping price. It is simply the MMs manipulating it down in order to collect some cheap longs for themselves. If they take it lower like this, I might add again.{image} Edit: Now you see the proof! After these thieves got the price low, they are loading up with longs! Look at the volume now, while they hold the price at the lows!{image} Edit: And another...
EURGBP Long Trade Closed:

Closed for loss of 19.4 pips average, 135.5 total. I should not have added in the red.
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  • #77,176
  • Oct 30, 2014 4:56am Oct 30, 2014 4:56am
Quoting muhitalam
Hello traderathome , I read your post & i like. i really appreciate you. but i notice that post about ``Patron `` and he left. This is a community so we should respect each other. He post his analysis.... so lets be friendly
muhitalam,

We do things differently on this thread. Before you express advice to others you'd better read and comply with Post #1.

The Sonic R. System is not based on formal wave analysis. And Patron keeps trying to interject it.

-tah
  • #77,177
  • Oct 30, 2014 4:57am Oct 30, 2014 4:57am
Quoting Gupito1508
{quote} {quote} I feel responsible to explain this, because this is my trade, and I always have a reason before jump into the market, first, at H1 picture below, I saw that price ready to reverse. The volume that's the sign of enthusiasm have yelled "SHORT" not "LONG". {image} Then, on m15, I saw a classic. Yet the classic not formed perfectly that time, I dare to jump, with a caution for the next PA. The next PA is stophunt above 50, and I tell this stophunt, because the hike is stopped, and pullback. I see it as the sign to hold, not fold. But...

I did not say anywhere that your trade was bad. It seems to me good. It's just that I do not agree with the terminology. The trade that you opened for me a scout, based on the behavior of the volume. And do not object to that. It seems right, I do too, but do not call Classic. A bullish Classic should not be overtaken by a new high. I do not remember a Sonicdeejay trade of where that happens, he put the stoploss in the second leg.

And, again, as a Scout, there is reason to hear the cry "SHORT" and I also take trades as well.

Then I have taken the time to talk about waves, but tah was thrown over me right away. So in this thread I'm not talking about waves (although very useful, and I just won all fall EURGBP, although tah could, with that knowledge, it's simple, make money with AUDUSD). And that's why I say it's a shame to do without that tool within the "A" of "PVSRA".

These are just sharing opinions. No need tah be angry with me, I said that I did not, nor have I done anything wrong. As for you, I always read your post with great taste and their explanations.
In short, what is meant as a greeting and an exchange of views on the name "Classic" has become something I never wanted it to be controversial.

In how Batman, I would say that is a concept or gimmick, which I also use, although I did not know that so you call it.
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Donde hay Patron no manda Marinero
  • #77,178
  • Edited 5:39am Oct 30, 2014 5:07am | Edited 5:39am
Quoting Patron
{quote} You are totally wrong in my opinion. And I'm waiting to show me the Classic.
Patron,

Here you are. As Gupito said, the wave form could be better, but it does qualify as H-L-LH-LL, and you can see on both this chart and Gupito's chart that the Dragon was angled down at entry. This is a simple 1-2-3 directional wave crossing the Dragon that is angled in the same direction. The fact that you do not recognize this as a Classic setup proves how poorly you have studied the material linked in Post #1, and how steeped you are in your own wave analysis method.

Now, I supplied what you were waiting for. In return, please do this thread the courtesy of ceasing with your formal wave analysis posts, and stick to our setup and template. I refuse to "go around" with you anymore on this. You are way out of line per Post #1 rules of compliance and posting etiquette, and have been for some time. I have let it slide, but no more.

When folks come here to learn the Sonic R. System, to be students in the learning process, and read and participate on this thread, they expect to see the Sonic R. System template and they expect trades to be per the Sonic R. System Manual. They do not wish to see all manner of personalized templates here, nor other methods of analysis. What they want is standardization and consistency. And that is what this thread is intending to provide, for the benefit of all Sonicers. This is not a bulletin board thread. When folks come here they need to conform. If they do not like it, they do not have to stay.

Patron, if you can comply, fine. If not, I do not know why you bother to be here. Compliance is support for the thread and for other Sonicers. Surely, your expertise can be expressed with the Sonic R. System, just as Master Sonicdeejay would do.

Thank you,
-tah
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  • #77,179
  • Oct 30, 2014 5:43am Oct 30, 2014 5:43am
I just got this message
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Donde hay Patron no manda Marinero
  • #77,180
  • Edited 6:02am Oct 30, 2014 5:50am | Edited 6:02am
Quoting Patron
I just got this message {image}
Yes, I see that.

A week range is about 115 pips, and it just went down about 187 pips. Daily range is about 75. But, the price is back where it was early yesterday. This does not seem to be a big deal????

Nobody here trades this anyway. So, even if it were a big deal, it isn't a big deal for us. Hell, maybe the Russian central bank was responsible for pushing it up yesterday, sold it off at the highs, and now it is back where it started. Could be a simple Pump & Dump by the Russkies, of their own worthless currency.

Just kidding.
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Edit: Now they are going to town. Down 300+ pips.
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