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Sonic R. System

  • #77,281
  • Edited 12:55am Nov 6, 2014 12:38am | Edited 12:55am
on H4 chart, price fell from 1.6180, went down through 34 & 89.I only looked for shorts. So my first thought was to see how price acting around dragon when it retraces. The 38.2 retrace is 1.6022, when price approch this level, shows lots of shorts cme in. see the bars I marked on H1 chart and H15.
I pay more attention to the bars with long pin , when price at some important level. Its more safer for me to build orders.
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  • #77,282
  • Nov 6, 2014 4:11am Nov 6, 2014 4:11am
Quoting leentjai
I opened Scout USD/JPY {image}
I closed USD/JPY with loss -2371.5
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  • #77,283
  • Edited 8:30am Nov 6, 2014 8:08am | Edited 8:30am
AUDUSD:

Sonicers,

Either way you look at it, it is bearish; now below RWL and seemingly well on it's way to the RBA expressed desired target of 0.8400 (area). By the looks of the Month chart, much more downside could come in the months ahead.

If it pulls back up to suit your taste, this might turn out to be a good short trade.
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Edit: There, a pullback up to key S&R (no surprise that it went up thru the whole number again), and more than adequate to satisfy the Classic short setup. With releases still to come it is not likely to drop today. Maybe, we can never know, but the Robber Banks might drag out loading up with shorts right into Friday. God forbid they should drag it out into next week, in an attempt to deceive others into a long bias!
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-tah
  • #77,284
  • Nov 6, 2014 9:09am Nov 6, 2014 9:09am
USDCAD:

Sonicers,

Very bullish, sporting nice PA waves,....and don't forget about the Month chart breakout.
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  • #77,285
  • Nov 6, 2014 9:14am Nov 6, 2014 9:14am
Entered classic long, catched the spike during the news. Thank you SonicR!

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Stay green! FN
  • #77,286
  • Nov 6, 2014 9:23am Nov 6, 2014 9:23am
Quoting forexn00b
Entered classic long, catched the spike during the news. Thank you SonicR! {image}
forexn00b,

Nice job!
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  • #77,287
  • Nov 6, 2014 9:43am Nov 6, 2014 9:43am
GBPUSD:

Sonicers,

Are the Robber Banks loading shorts for an eventual break down thru this whole number, at which they have been supporting the price?

This got a sound whacking yesterday, followed - in true Robber Bank style - with a Stop Hunt of shorts move right back up, where they supported the price in a higher range until today's releases to accumulate even more shorts! Now, they have whacked it again. Is another Stop Hunt of shorts coming, or is this precariously pending a break down?

Look at your H4 chart to see the importance of this.

-tah
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  • #77,288
  • Nov 6, 2014 10:04am Nov 6, 2014 10:04am
EURUSD:

Sonicers,

As with GBPUSD, this one is also bearish. Nice bearish PA waves on H1. For now, the Robber Banks - trying to let this down slowly, so as to profit later from as much "shorts gathering" as possible now - have seemingly "stopped the drop". In that vein, and with more releases to come, this might just range awhile and even go back up some more, so the MMs can make PA look bullish and try to coax more money into the market on the long side. Or not. We can never know how these Robber Banks will move prices.

-tah
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  • #77,289
  • Nov 6, 2014 10:13am Nov 6, 2014 10:13am
Quoting traderathome
{quote} forexn00b, Nice job! {image}

Thank you TAH!

My opinion on GBPUSD: nice bearish pattern on H4. I will wait for the news tomorrow, lets see what happens with trade balance and NFP. If price breaks down below RDL then next major support is at 1.57 We will see if MMs break the price down on Friday. I will add a small scout short before NFP.


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Stay green! FN
  • #77,290
  • Nov 6, 2014 10:25am Nov 6, 2014 10:25am
NZDUSD Short Trade Open/Closed:

Closed for gain of 10.7 pips average, 53.5 pips total.

This was a M15 setup which was almost complete. I entered on the M5 setup to get a slight advantage. Since it did not go down much today, and might retrace more before it does, I have closed it.
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  • #77,291
  • Nov 6, 2014 10:31am Nov 6, 2014 10:31am
AUDUSD Short Trade Open/Closed:

Closed for gain of 20.7 pips average, 103.5 pips total.

As with NU (previous post), this was a M15 setup almost complete. I entered on M5 setup for some advantage. This did not break out much, and might retrace more, so I decided to close and wait for tomorrow.
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  • #77,292
  • Nov 6, 2014 10:39am Nov 6, 2014 10:39am
Quoting traderathome
EURUSD Short Trade Open: M15 Classic entry followed by a Scout entry when the price suddenly went back up (a Stop Hunt on shorts?). No TP/SL at this time. Sometimes the PA waves to pay attention to are the bigger ones..... {image}
EURUSD Short Trade Closed:

Closed for gain of 73.6 pips average, 1103.5 pips total.

Nice run down today. It might continue without a retrace. On the other hand, it might retrace. Big releases still to come, so I decided to take profit and hope the Robber Banks will hike the price back up for me.
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  • #77,293
  • Nov 6, 2014 10:40am Nov 6, 2014 10:40am
Watching like a hawk and enter after knowing the exhausted volume in LO is really not coincidence.
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  • #77,294
  • Nov 6, 2014 10:46am Nov 6, 2014 10:46am
CADJPY Short Trade Open/Closed:

Closed for gain of 3 pips average, 30 pips total.

I have another, older CADJPY short trade that is a disaster, but I am letting it run it's course. In a separate account here, I am playing this short also, hopefully now from the top down, and in spurts just in case. Yes, I could have closed earlier, but the run down gave me hope it might continue down, which is something I still wait for. Not today. So I closed while with a bit of profit.
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  • #77,295
  • Nov 6, 2014 10:53am Nov 6, 2014 10:53am
Quoting traderathome
USDCAD Long Trade Open: M15 Scout entry. No TP/SL. Per my previous posts on this pair, I see a bullish breakout on the Month chart. Consistent with this is the PA today, where the Robber Banks continued running the price up, then maybe closed out some of their longs and drove the price back down, all to make PA appear to have reversed to bearish. As others started in shorting, the Robber Banks were adding more longs again. Such price manipulation by the Robber Banks like this is absolutely necessary in order to keep the market liquid. If they did...
USDCAD Long Trade Closed:

Closed for gain of 49.8 pips average, 249 pips total.

I feel this is in "break out" mode on Month chart, but it might see a retrace with the coming releases, as the Robber Banks stop hunt longs. So I decided to take profit and wait.
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  • #77,296
  • Nov 6, 2014 10:58am Nov 6, 2014 10:58am
Quoting traderathome
GBPUSD Short Trade Open: M15 Classic re-entry. No TP/SL at this time. I see the PA this way. The MMs whacked the price because they are bears. But immediately following their whack job, they whipped the price back up - Stop Hunt on shorts - as a liquidity creation manipulation of price by the Robber Banks/MMs to steal from those that went short on the previous move down. So, they are building as large a short position as they can, at the expense of others! {image}
GBPUSD Short Trade Closed:

Closed for gain of 97.8 pips average, 684.3 pips total.

As you can see, after my initial entry I added short Scouts as the Robber Banks continued their stop hunt on shorts further above the half number. In fact, I had a pending short Scout order just below the upper whole number, but the MMs never got the price to it.

With important releases yet to come, it is possible and maybe even likely that these Robber Banks will stop hunt shorts again - another retrace - which is why I have decided to close for profit and wait.
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  • #77,297
  • Nov 6, 2014 11:13am Nov 6, 2014 11:13am
Closed M5 Trade.

H.
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"The future is already written in the past"
  • #77,298
  • Nov 6, 2014 11:28am Nov 6, 2014 11:28am
Hello All,

Having spent a while gaining knowledge on forex trading I have been looking for a fairly simple system which, if implemented correctly, will create a positive return on investment. I have settled on the sonicr system. I have read the manuals and am now slowly making my way through the mountain of information on this thread!

I am struggling to grasp the PVSRA side of this and will work on this. My understanding is that basically we are looking for selling activity at highs for shorts and buying activity at lows for longs but i am struggling to identify this on charts

I have decided to jump in anyway on a demo account and see how things go. Hopefully feedback from you guys will help me progress even faster. I have taken my first trade today which is below.


I wasn't overly confident with this trade as the overall trade was down (4h and above) however, the 1hour and 15m chart had started to point up so i thought i would give it a try.

supporting evidence i saw was:

1) price bounced back of the 618 fib level
2) this level was also resistance turned into support

Your comments are welcome!

This trade was successful with the price stopping dead on the quarter hitting 1.25325. I am still uncertain about positioning my SL and TP. I positioned my SL at the bottom of the previous candle and my TP at the half number level. I will play around with this as i learn.
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  • #77,299
  • Nov 6, 2014 7:06pm Nov 6, 2014 7:06pm
Quoting uktrader81
Hello All, Having spent a while gaining knowledge on forex trading I have been looking for a fairly simple system which, if implemented correctly, will create a positive return on investment. I have settled on the sonicr system. I have read the manuals and am now slowly making my way through the mountain of information on this thread! I am struggling to grasp the PVSRA side of this and will work on this. My understanding is that basically we are looking for selling activity at highs for shorts and buying activity at lows for longs but i am struggling...
uktrader81,

When posting charts, as per Post #1 instructions, turn off the quick order panel so that our Access Panel is fully visible. If you have not diligently followed all the reading in Post #1, please do so to avoid further non-compliant postings. Thank you.

-tah
  • #77,300
  • Nov 6, 2014 7:25pm Nov 6, 2014 7:25pm
NZDUSD Long Trade Open:

M5 Classic entires, but pre-LS based on building activity at lows and PA waves showing bullishness. Anything can happen today since there are several USD high impact releases, but what I see on the M5 chart I interpret as bullish. And the M15 shows what might turn out to be a double bottom in support of the bullishness I see on M5. No TP/SL at this time, but looking at M15 I should think DR1/the upper half number would be the nearest target area to select.
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