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Sonic R. System

  • #77,381
  • Nov 11, 2014 7:00am Nov 11, 2014 7:00am
Quoting traderathome
{quote} {quote} Studying Candles? lzhcz and Sonicers, I just expressed my opinion. You are your own master. I will add the following. Over time and with the advent of high powered computers, the markets have become more manipulated, and more easily so than ever before! This has not worked to invalidate the traditional interpretation of candles, but it has done a lot to invalidate the traditional "predictions" to be made from most of them! About the only candles that still have a significance that is relatively reliable are engulfing candles and...
express my thanks to professor tah, thank you very much
  • #77,382
  • Nov 11, 2014 7:27am Nov 11, 2014 7:27am
Quoting YSmani
Hi, Just started learning Sonic R System. The Entry is correct? Thanks, Mani.{image}
good job YSmani, u did a really good classic entry!! but why dont you use the vol indicator?
  • #77,383
  • Nov 11, 2014 7:46am Nov 11, 2014 7:46am
That nagging feeling...

...when you enter a trade and then read that TAH has gone the opposite way.

Entered on lower time frame after close of 11/10/2014 daily pinbar.
SL= 50 pips above RDH
TP = RDL
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  • #77,384
  • Nov 11, 2014 7:48am Nov 11, 2014 7:48am
hi guys,

here is my trade, that's what im thinking and expect.
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  • #77,385
  • Nov 11, 2014 8:17am Nov 11, 2014 8:17am
Quoting ryanwong
{quote} good job YSmani, u did a really good classic entry!! but why dont you use the vol indicator?
Thanks Ryanwong

I am very new to this system.
Downloaded the available Indicators & Templates, started trying one by one.
A person who never made a mistake, never tried anything new.
  • #77,386
  • Nov 11, 2014 8:44am Nov 11, 2014 8:44am
Quoting ryanwong
hi guys, here is my trade, that's what im thinking and expect. {image}
ryanwong,

Would you mind to explain how you read the volume, please?
  • #77,387
  • Nov 11, 2014 9:01am Nov 11, 2014 9:01am
USDCAD:

Sonicers,

It is starting to drop now. No telling how far down - given enough time - this might go. Be reasonable with daily targets. On the other hand, keep this in mind too......
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  • #77,388
  • Nov 11, 2014 9:10am Nov 11, 2014 9:10am
Here is a "Classic" Lesson!

What "tah" did:

1. Eagerly went long on very low TF chart early in the open of the new week (wrong, wrong, and wrong again).
2. Was so sure of bulls, he stated he would add at "good opportunities" if they came (predicting, and arrogantly so = wrong and wrong again).
3. And he did (and he did it all wrong!).

What a smart Sonicer would have done:

1. Finding signs of the "bull", await the coming LS for a possible Classic long setup.

The point of this is:

Look closely at the chart. The smart Sonicer had the same, or better entry than "tah" averaged by adding to his trade in the red! Without all the fuss and stress!
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  • #77,389
  • Nov 11, 2014 9:16am Nov 11, 2014 9:16am
Quoting traderathome
Here is a "Classic" Lesson! What "tah" did: 1. Eagerly went long on very low TF chart early in the open of the new week (wrong, wrong, and wrong again). 2. Was so sure of bulls, he stated he would add at "good opportunities" if they came (predicting, and arrogantly so = wrong and wrong again). 3. And he did (and he did it all wrong!). What a smart Sonicer would have done: 1. Finding signs of the "bull", await a Classic long setup. The point of this is: Look closely at the chart. The smart Sonicer had the same, or better entry than did "tah"! Without...
Please comment about Usd/Jpy..
  • #77,390
  • Nov 11, 2014 9:19am Nov 11, 2014 9:19am
I was trying hard to believe GBPJPY will be in bear... and I got a margin call.

very sad.

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  • #77,391
  • Nov 11, 2014 9:33am Nov 11, 2014 9:33am
Quoting wccmcd
I was trying hard to believe GBPJPY will be in bear... and I got a margin call. very sad. {image}
Bloodied in Battle!

Sonicers,

I do not think any trader escapes getting bloodied in battle at least once, and usually more than once. Getting a margin call and losing money is not the same as being a child and putting your fingers on the hot burner of a stove. Most children need only to have that experience once to learn the lesson well enough to never repeat it! We traders are not as smart as children, apparently.

But, it is what it is. I can say this with confidence. We traders are all in the same boat here, and one of two things is most likely to happen:
1. Eventually, we will have had this happen enough times to become more disciplined about letting trades get too red, or
2. We will run out of money.

Master Sonicdeejay has stated (regarding EU, but applicable to all) to use a SL, but a wide one, but not wider than 100 pips. We all need to gauge what degree of SL to use - to let our trades "breathe" - based on our accounts, and to not let our trades run wild and get out of hand. Losing money this way is painful, and so we need to use the experience to learn, to decide and to come back with resolve, so as to stop repeating it!

-tah
  • #77,392
  • Nov 11, 2014 9:40am Nov 11, 2014 9:40am
EURUSD:

This seems to be a Classic long setup, but..... with a little more than 1 hour left in the LS, and the dragon is still flat, adding to the question of will it run today. EUR high impact releases are still almost two days off. This could end up ranging until then. If it does go up before, it could come down again before (Stop Hunting).
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  • #77,393
  • Nov 11, 2014 9:53am Nov 11, 2014 9:53am
Quoting traderathome
NZDUSD Long Trade Open: M5 Classic, pre-LS first entry, and long Scout addition. No TP/SL at this time, though I see DR1 as a conservative TP area. This is based on same reasons as AU long trade was based on: price whacking yesterday followed by nice bullish PA waves starting once the MMs had the price below the half number. And today, the highest activity has so far been at the lows of the day and as price moved up off those lows, all below the half number which is a PVSRA indication of bulls. Whether the price goes up, down or both, I am looking...
NZDUSD Long Trade Closed:

Closed for gain of 30.1 pips average, 601.3 pips total.

Price seems back into consolidation. It might go higher. I have decided to take profit and wait and see.
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  • #77,394
  • Nov 11, 2014 9:58am Nov 11, 2014 9:58am
Quoting traderathome
USDCAD Short Trade Open: Scout entry. This is based on the potential for a H&S depicted on H4 and the return of price to a pivotal S&R area (FR retrace 50%) on totally unremarkable volume which has actually been declining since the highest volumes at the lows today. So, to me, this looks like a reasonable area for the temporary bulls to start off-loading their recently acquired longs and start building short again. We cannot know how price will move next, and this trade is without a Classic setup, so it is very high risk. And I will not be surprised...
USDCAD Short Trade Closed:

Closed for gain of 33.8 pips average, 338.4 pips total.

This could be the start of a substantial run down, but I have decided close the trade for today and wait to see if maybe a retrace back above the half number comes later.
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  • #77,395
  • Nov 11, 2014 10:08am Nov 11, 2014 10:08am
Quoting wccmcd
{quote} ryanwong, Would you mind to explain how you read the volume, please?
abt the volume analysis,you can check out the some post be4, and here abt my trade, the PA above the support line and the vol are increasing, especially the wave analysis shows the uptrend, so i decide to open a long trade. that's the PVSRA i think. hope can help you mate. btw, im new here too. have tried this system abt several weeks.
  • #77,396
  • Nov 11, 2014 10:27am Nov 11, 2014 10:27am
Quoting traderathome
GU Long Trade Open: M5 Classic, pre-LS. The basis for this long trade in the face of the H1 chart showing a down trend is the very high volume below the lower whole number (at the lows on the chart) versus the not so high volume above the upper whole number (more recent highs on the chart). In other words, their seems to be far more interest in closing shorts and going long, than in closing longs and going short. So, with nice bullish waves present on M5 following the MMs getting the price below the half number - a PVSRA indication of possible bulls...
GU Long Trade Closed:

Closed for gain of 32.5 pips average, 325 pips total.

It is now coming late in the LS. This might go higher, but I have decided to take profit and wait and see. This move up could be only a retrace in the H1 down trend, which is still intact. I will now be looking for any clues as to if the MMs - that have just pushed up the price - remain bullish, or become bearish.
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  • #77,397
  • Nov 11, 2014 10:41am Nov 11, 2014 10:41am
Quoting ryanwong
hi guys, here is my trade, that's what im thinking and expect. {image}
ryanwong,

Excellent trade, ryanwong.

Right now there is increased activity in the MR1 area, which might be the MMs closing their longs for the day. Nice TP selection.

-tah
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  • #77,398
  • Nov 11, 2014 10:47am Nov 11, 2014 10:47am
Quoting ryanwong
hi guys, here is my trade, that's what im thinking and expect. {image}
hi guys,

great thanks to sonic and TAH, got a good profit from the system. close the trade now as hitting the tp. also the vol is increasing. seems the MM close their longs aswell.

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  • #77,399
  • Nov 11, 2014 10:56am Nov 11, 2014 10:56am
USDCAD:

As the LS draws to a close, the MMs are whipping the price back up (low volume = pump for purpose of getting price higher). As previously posted, this could go a good ways lower. Personally, I am looking for this retrace up to go higher, and later present a Classic short re-entry setup. I might use a short Scout to open a new trade, depending on how this pump goes.
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  • #77,400
  • Nov 11, 2014 11:10am Nov 11, 2014 11:10am
xxxJPY Pairs:


Sonicers,

Today the MMs whipped prices higher. This time, there is a lot of activity at the highs, the closing of longs. These pairs deserve to be put on watch now, because we could be seeing the start of the final closing of longs and rebuilding with shorts. Look at GBPJPY....

This pair shows higher activity once the MMs got the price above the half number. And this higher activity has been sustained throughout the entire LS! This is reason enough to suspect the MMs might be switching from bulls to bears, and that the most recent pumps on the xxxJPY pairs were orchestrated not by bullish bulls, but by bearish bulls that want out of their longs!

-tah
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