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Sonic R. System

  • #77,421
  • Nov 12, 2014 1:09am Nov 12, 2014 1:09am
USDCAD - M15, pending buy order placed a bit above pivot level. Bullish waves, low volume, price is near half number. Trend is up in H4 / D1. Order expires at 12:00.

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Stay green! FN
  • #77,422
  • Nov 12, 2014 2:33am Nov 12, 2014 2:33am
GBPNZD: close 1 classic short, now it's time to build longs

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  • #77,423
  • Nov 12, 2014 3:26am Nov 12, 2014 3:26am
USDCAD Long Trade Open:

M1 Classic and Scouts.

Price has been taken below half number - more deeply so during the Frankfurt Open - and below the 3/4 level is where the action has begun, a PVSRA indication of bulls. Could it go lower? Yes, and DS1 is very close below. For the bulls that are driving the price down, it might be a stop hunt longs target later. Time will tell. No TP/SL at this time.
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  • #77,424
  • Nov 12, 2014 3:36am Nov 12, 2014 3:36am
Yesterday GBPUSD scout short closed due high volatily during the news. Didnt plan it like this but Im okay with 26 pips green. Now waiting for the market to cool down a bit.


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Stay green! FN
  • #77,425
  • Nov 12, 2014 3:39am Nov 12, 2014 3:39am
GBPUSD: MMs Stop Hunting Shorts

Sonicers,

Look how little volume back up compared to previous down! The MMs are Stop Hunting shorts, and resetting the price higher again for another round of heavy shorting that might take it back down later. The MMs are supporting the price.....keeping it in a range.....while building short ahead of the GBP and USD high impact releases. And these bear MMs could push the price higher before their short building is finished and they are ready to pull the rug out from under the price.

-tah
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Edit: And just some minutes later, after the price was hiked back up, look at the volume! It doubled after it got to the highs!
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  • #77,426
  • Nov 12, 2014 3:45am Nov 12, 2014 3:45am
Regarding EU:

To me, we are now in a corrective wave

Close EU and open new sell limit, what do you think ?


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Update:

Sell limit at "last line of defence" is good too, at fib 72 % which is sth 1.248 ?
  • #77,427
  • Nov 12, 2014 3:51am Nov 12, 2014 3:51am
Quoting forexTN14
Regarding EU: To me, we are now in a corrective wave Close EU and open new sell limit, what do you think ? {image} Update: Sell limit at "last line of defence" is good too, at fib 72 % which is sth 1.248 ?
KISS!

forexTN14 (and Sonicers),

Have no idea what you imply by "corrective wave". Nor do I want to. Do we have a Classic setup? Yes or no?

And don't forget the US Banks were on a holiday yesterday, so they might hike the price back up today to favor themselves shorting,....an event that could take price above the whole number.
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  • #77,428
  • Nov 12, 2014 3:56am Nov 12, 2014 3:56am
Quoting traderathome
{quote} Have no idea what you imply by "corrective wave". Nor do I want to. Do we have a Classic setup? Yes or no?
We do have a classic setup. I was trying to analyse with elliot wave, but as i can see, I count it totally wrong.

Now hoping, it retraces back to 61,8 % zone
  • #77,429
  • Nov 12, 2014 4:06am Nov 12, 2014 4:06am
Quoting traderathome
EURUSD Short Trade Open: Scout entries. It looks like the MMs are on their way to pumping this one back up, ahead of the coming EUR releases. Their pump job has already achieved the FR 62% retrace level. It could continue higher because there is plenty of time left before the releases. On the other hand, they may stop the pump and simply support the price in order to cycle it up and down, which they do to facilitate their building of a position, in this case a short position. And once they have managed that for a while, they might remove the support...
EURUSD Short Trade Closed:

Closed for gain of 20.3 pips average, 305 pips total.

I suspect the US MMs, who were on a bank holiday yesterday, will hike the price back up to favor their own shorting, maybe above the whole number. Decided to take profit and wait and see. Still plenty of time before the important releases.
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  • #77,430
  • Nov 12, 2014 4:42am Nov 12, 2014 4:42am
EURUSD Long Trade Open:

M1 Classic and Scout entries. No TP/SL at this time.

As stated before, the US MMs might follow their holiday with a pump of the price above the upper whole number, which would be an excellent place for them to build short before the coming EUR and USD releases. Seeing the first round of shorting now complete, with the price below the half number and activity increased there twice.....once to close shorts and once to open longs.....it might be that the other MMs are loading longs for the trip back up.
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  • #77,431
  • Nov 12, 2014 4:44am Nov 12, 2014 4:44am
Quoting leentjai
{quote} Sell stop order is opened ... {image}
closed by SL -4250 p total
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  • #77,432
  • Nov 12, 2014 4:49am Nov 12, 2014 4:49am
Quoting traderathome
GBPUSD Short Trade Open: Scout entries. As with EU, the MMs are pumping this up ahead of important releases. Their pump has taken the price above a whole number. The pump was on light volume until they got the price above the whole number, then it suddenly increased! This is a PVSRA indication the MMs are bears looking to close longs or open shorts. When they had the price up here yesterday they might have been focused on closing longs. Today, their focus might be on building short. Today is a US Bank holiday, so liquidity for shorting must be light...
GBPUSD Short Trade Closed:

Closed for gain of 31.3 pips average, 312.5 pips total.

As with EU, I suspect the US MMs will have this higher again to favor their own shorting, now that they come back from their holiday yesterday. Decided to take profit now, and wait and see.
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  • #77,433
  • Nov 12, 2014 7:50am Nov 12, 2014 7:50am
hi guys,

As we can know that there was a big day of GBP, and we can see that GBP move down as what we want! Hit TP when i having dinner, still holding another one, let's go and see next!

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  • #77,434
  • Nov 12, 2014 7:54am Nov 12, 2014 7:54am
GJ Classic open/close 135 pips.
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There is no spoon....
  • #77,435
  • Nov 12, 2014 9:03am Nov 12, 2014 9:03am
Hi Sonic,

Hope you are doing well.
Till now, i have read your post from page 1 to 43 & continuing....(hopefully will complete soon ).
Also, i have read recent post for the last few days & regularly updating myself...
Still learning....

I have downloaded all the Indicators & Templates from page 1 to 43 & trying in my FX PRO MT4.
Some how, i miss something and now with many indicators & templates, its more confusing...

I request you to post the latest Indicators & Templates which you are using NOW,
so that i can remove all the existing & re-start my learning.

Tons of thanks for sharing this system & keeping this thread up to date from 2008.
After tried lot of systems, i have full confidence with SONIC R System, mainly because of LIVE TRADE POST & UPDATE.
In one of your post, u mentioned, lot of people show the traded screen & they claim their system is very successful,
also they charge big money for that, in this way SONIC R system is UNIQUE, as your slogan says...SHARING IS CARING..

May god bless you.
Thanks again,
Mani.
A person who never made a mistake, never tried anything new.
  • #77,436
  • Nov 12, 2014 10:27am Nov 12, 2014 10:27am
Quoting ryanwong
hi guys, As we can know that there was a big day of GBP, and we can see that GBP move down as what we want! Hit TP when i having dinner, still holding another one, let's go and see next! {image}
Close all trades now. Depends on the same support level and the coming up volume. the most important is time to have a rest, see you lovely guys next day!

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  • #77,437
  • Nov 12, 2014 10:38am Nov 12, 2014 10:38am
What the ‘numpty’-hating forex traders didn’t want you to know

By Sara Sjolin
Published: Nov 12, 2014 9:47 a.m. ET

In secret chat rooms, traders discussed how to manipulate rates
Bank V Trader: 4:00:51 pm: have that my son
Bank V Trader: 4:00:52 pm: hahga
Bank V Trader: 4:00:56 pm: v nice mate
Bank U Trader: 4:04:53 pm: that worked nice mate
Bank V Trader: 4:05:44 p.m.: big time mate.
And here’s another example of misconduct in the chat room . Three traders discuss whether to invite a fourth trader into the chat room. Trader from Bank X urges caution in order to protect from “other numpty’s”:
Bank Z Trader: 7:49:55 are we ok with keeping this as is
7:50:27 ie the info lvls & risk sharing?
Bank X Trader: 7:50:27 well…
Bank Z Trader: 7:50:30 that is the qu[estion]
Bank X Trader: 7:50:32 you know him best obv…
7:50:39 if you think we need to adjust it
7:50:43 then he shouldn’t be[] in chat
Bank Y Trader: 7:50:54 yeah that is key,
7:51:00 simple question [Bank Z trader]
7:51:08 I trust you implicitly [Bank Z trader]
7:51:13 and your judgement,
7:51:16 you know him
7:51:21 will he tell rest of desk stuff
7:51:26 or god forbin his nyk…
Bank X Trader: 7:51:46 yes
7:51:51 that’s really imp[ortant] q[uestion]
7:52:01 dont want other numpty’s in mkt to know
7:52:17 but not only that
7:52:21 is he gonna protect us
7:52:33 like we protect each other against our own branches”

Full transcript here: http://www.cftc.gov/ucm/groups/publi...duct111114.pdf

Source: http://www.marketwatch.com/story/hav...4-11-12?page=2
  • #77,438
  • Edited 1:01pm Nov 12, 2014 11:54am | Edited 1:01pm
Quoting YSmani
Hi Sonic, Hope you are doing well. Till now, i have read your post from page 1 to 43 & continuing....(hopefully will complete soon ). Also, i have read recent post for the last few days & regularly updating myself... Still learning.... I have downloaded all the Indicators & Templates from page 1 to 43 & trying in my FX PRO MT4. Some how, i miss something and now with many indicators & templates, its more confusing... I request you to post the latest Indicators & Templates which you are using NOW, so that i can remove all the existing & re-start...
YSmani,

Look at my signature! It is at the bottom of everyone of my posts! What does it say? I cannot believe you have not done your Post #1 Homework!

If you want to succeed here, you are going to have to do more than just look at pictures and look for downloads. You are going to have to read, study, think,.....and that starts with everything in Post #1 and linked in Post #1. Post #1 is more than just the start. Post #1 is the entire foundation you need! Don't bother going any further until you have done a proper job there! Read and follow all instructions!

When something important is changed or added, it will be done so via text or link in Post #1. For example, via Post #1 link you will find the latest release of indicators and templates.

-tah
  • #77,439
  • Nov 12, 2014 12:42pm Nov 12, 2014 12:42pm
Quoting traderathome
{quote} YSmani, Look at my signature! It is at the bottom of everyone of my posts! What does it say? I cannot believe you have not done your Post #1 Homework! If you want to succeed here, you are going to have to do more than just look at pictures and look for downloads. You are going to have to read, study, think,.....and that starts with everything in Post #1 and linked in Post #1. Post #1 is more than just the start. Post #1 is the entire foundation you need! Don't bother going any further until you have done a proper job there! Read and...
Noted TAH, i will read once again carefully.


Thanks,
Mani.
A person who never made a mistake, never tried anything new.
  • #77,440
  • Edited 1:11pm Nov 12, 2014 12:51pm | Edited 1:11pm
USDCAD:

Sonicers,

Look at this M15 chart. It clearly shows the MMs whacked it below the whole number and that whacking was followed by the highest activity levels of the day! This is a PVSRA indication of bulls. And now it seems that the MMs have whipped the price back above the whole number with the intent of supporting the price - making bullishness - to coax longs into putting their money into the market. And this might be with the intend of having longs to stop hunt later, possibly to RWL!

To me, this is looking very bullish at a very good price level, ahead of important releases. Just beware of stop hunting that might come later.
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