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Sonic R. System

  • #77,961
  • Edited 4:15am Dec 9, 2014 3:40am | Edited 4:15am
AUDJPY Comment

For those that might be in this long - for some long time now - this might be the starting place for a move up that will take price past previous long entries. Note that the Robber Bank MMs took price to RWL,.....and it is only Tuesday! This too could be an indication of a reversal because the MMs are not usually in a hurry to exhaust the week range unless it is to get on with going higher.

And any such move up will likely be Aussie rooted, meaning AUDUSD will likely move up also. Anyway, this is what I see as more than just a slight possibility. And already today both pairs are rebounding strongly from whackings below key SR (where the Robber Banks prefer to accumulate longs).
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  • #77,962
  • Edited 9:43am Dec 9, 2014 4:57am | Edited 9:43am
Short on EURJPY on swing high. Also resistance on ~148.230.
Dragon on H1- Down. Also on 1h we have H&S. On H4 also price broke Dragon.

Edit (4:35p.m.)
Realised. My biggest problem was that my TP was MUCH TOO SMALL... Or it wasn't good idea to give it more space (when planning)?
Second picture shows how it goes until now (4:35)
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  • #77,963
  • Dec 9, 2014 8:10am Dec 9, 2014 8:10am
NZDUSD closed 120 pips
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There is no spoon....
  • #77,964
  • Dec 9, 2014 9:24am Dec 9, 2014 9:24am
finally, get pips on AUDUSD
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  • #77,965
  • Dec 9, 2014 9:25am Dec 9, 2014 9:25am
this is why I had SHORT on UCAD
1. Vol buyer decrease on H1 and the price is below the whole
2. Classic was formed on M5/M15
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  • #77,966
  • Edited 11:43am Dec 9, 2014 11:17am | Edited 11:43am
Quoting traderathome
AUDJPY Comment For those that might be in this long - for some long time now - this might be the starting place for a move up that will take price past previous long entries. Note that the Robber Bank MMs took price to RWL,.....and it is only Tuesday! This too could be an indication of a reversal because the MMs are not usually in a hurry to exhaust the week range unless it is to get on with going higher. And any such move up will likely be Aussie rooted, meaning AUDUSD will likely move up also. Anyway, this is what I see as more than just a slight...
AUDJPY Comment: When is a Stop Hunt the Last Stop Hunt?

What we have here looks like multiple stop hunts on longs. First the AS MMs whacked the price below the whole number. We know what that most likely means. Then the price was overtly bought up, clearly buying so as to coax longs into the market. Then the price was taken below the whole number again. Were the MMs stop hunting on their way down to double dip below the whole number to accumulate more longs? Probably, and probably with the knowledge that other traders were thinking the same thing. So, when the MMs moved the price up again, lots of longs re-committed to the market - exactly what the MMs were looking for. What happened next? Another, and deeper, stop hunt of longs!

We can never know how these Robber Bank MMs will manipulate the price. We do know these things, though: the only way the Robber Banks can build positions is to coax in right side traders and stop them out, and to coax in wrong side traders,.......and.the MMs started this week off by driving the price lower,......and they are keeping it lower now,.......and there are still important AUD releases to come and that will be soon followed by important USD releases.
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BTW, in support of thinking the MMs are bullish AJ, take a look at the stop hunt on EJ. Note also that the stop hunt moves on both of these currency pairs have broken RWL marks quite early in the week, and that ultimately both moves took price below whole numbers. Again, we know what that most likely means!
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My Take On It,
-tah
  • #77,967
  • Edited 1:25pm Dec 9, 2014 12:28pm | Edited 1:25pm
Quoting Gupito1508
Exercise for 3 accident that might happened Yes, I provoke again. Many of us always taught about how to position corectly through classic and scout. Many other system taught their way to open position too. But no one teach how to accepting the loss. I give you one blow, Trading is a Looser game. Yes it is, no matter how big your capital, how experienced you with the market, you still on a looser side. Your percentage is 40/50. Compared into the Robber bank, market maker, you're deep down below "under capitalized". The Image of this word can be ilustrated...
Quoting Gupito1508
{quote} Example of how to accepting losses...? The order executed via limit order on friday (NFP release). Yet the execution is poorly timed... But, I know I have the altitude needed to landed safely (equity to hold the position - and have information about certain Price Manipulation on saturday by robber bank). On monday, I hold a little, let the loss reduced, and close quickly at BEP (minus commision). By this way, I landed the plane safely. Regards, -GP- {image}

How to Face All Your Trades: Execution is the Key!

Sonicers and Gupito1508,

If I understand Gupito1508 correctly, the word "Execution" refers to capitalization, discipline and decision. In other words, do you have enough money in your account and do you size your trades properly to be able to handle the various "accidents" that can befall your trade if the trade is valid, and do you have the discipline to wait for proper setups, and do you have what it takes to accept when the trade is no longer valid and get out of it, which due to adequate capitalization and sensible trade sizing causes not much suffering?

To summarize, Gupito1508 is using the analogy of an airplane taking off (your trade entry) and the three accidents that can happen during flight: soon after takeoff with little altitude, somewhat later with a bit more altitude, and finally when there is great altitude, as meaning the Robber Banks might at any time - even at all three times - cause an "accident" to the flight of your trade,....stop hunts which would later be seen as confirmation of the trade, but stopping you out due to under capitalization/over-sized trades/ tight SL, or outright reversals eating up your account if you don't exit the trade!

The crux of the matter, therefore, has three aspects: 1) capitalization, or trade size vs account size, and 2) discipline, or being able to be patient to await proper setups, and 3) decision, or being accept that the trade is going too badly to use more capital to buy more time to see if the trade will stop going badly!

So, as Gupito1508 says, the key is "Execution". We need to trade light relative to our account size. We need to be disciplined to await proper setups. We need to be able to make the decision to close the trade - maybe take the time to pick a "best" crash landing site because we are capitalized enough to be able to do so - when current PA has turned against us and it no longer is sensible to buy a lot more time to see if things will change. In other words, we need to be able to keep from freezing up and forever holding onto in prayer a now obviously bad trade!

Of course, the problem with trying to set ground rules while on the ground, for how things will be managed when in flight, is tenuous at best. Once in flight, the things that can happen - stop hunts and reversals - and the changing landscape as they can happen, make what sounded like sensible and straight forward rules turn out to be opportunities to panic, freeze up, or second guess all of them. And so this too is part of the true crux to trading; to be able to keep your head on straight when everything is going wrong.

Gupito1508, I do hope I have summarized correctly and effectively. If I am wrong about, or off the mark on, or have omitted anything you intended, or if I have added something unintended by you, then please correct me with another post that summarizes. And thank you for your ongoing contributions. This one of yours strikes to the very heart of successful trading , and deserves in its final form to be crystal clear for all Sonicers.

Sincerely,
-tah
  • #77,968
  • Dec 9, 2014 1:49pm Dec 9, 2014 1:49pm
Quoting JRissa
{quote} I'm waiting for rewersal "little" lower (my TP) Check out current monthly candle Ofcourse it can still change, but now things look nice... Older chart repost as I'm now on iPhone and can only copy/paste as "paint" got upgraded and I can't edit...
AUDesided to take profits now and start looking for long building oppoturnities. All positions closed at current market price ^^
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I know the secret...
  • #77,969
  • Edited 8:03pm Dec 9, 2014 3:04pm | Edited 8:03pm
Quoting JRissa
{quote} AUDesided to take profits now and start looking for long building oppoturnities. All positions closed at current market price ^^ {image}
JRissa,

If your intent is to show a trade, please use our template and Trade Levels indicator. If your intent is to show your bias, please provide your reasons, and with an illustrated chart, if appropriate . Otherwise, such a post as yours is totally worthless to this thread.

You were, for a short while in the past, apparently a Sonicer. But, then you went your own way. Are you now back to resume being a Sonicer? And if not, for what reason do you make such a non-compliant post? If you are back to be a Sonicer, then "Welcome back!" , and please read Post #1 and follow all instructions.

Thank You,
-tah
  • #77,970
  • Dec 9, 2014 8:44pm Dec 9, 2014 8:44pm
EU Daily...


I am seeing a creep charge on BULL in a making..if 1.238x level cleared//



Sonic
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  • #77,971
  • Edited 10:14pm Dec 9, 2014 9:47pm | Edited 10:14pm
AUDUSD Comment: Robber Banks Whip then Whack to Get Liquidity to Fill Their Long Orders

The whole number is key here, and this could turn out to become the start of a substantial move up. PA might break up thru and pull back towards the whole number before the major move up.

You can see there has been a substantial retrace of the first bull swing, greater than 62%. We might view the bull swing as a whip up job by the Robber Bank MMs to get others to put their money into this pair on the long side. And we might view the substantial retrace of the bull swing as a put up whack job by the Robber Bank MMs to obtain liquidity to get their own long orders filled by stop hunting those longs (thieving) and coaxing others to now enter on the short side of this pair (deceiving).

Anyway, it is how I see this,.....the Robber Banks thieving and deceiving to obtain liquidity to build long.
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  • #77,972
  • Dec 9, 2014 10:29pm Dec 9, 2014 10:29pm
Quoting traderathome
{quote} {quote} How to Face All Your Trades: Execution is the Key! Sonicers and Gupito1508, If I understand Gupito1508 correctly, the word "Execution" refers to capitalization, discipline and decision. In other words, do you have enough money in your account and do you size your trades properly to be able to handle the various "accidents" that can befall your trade if the trade is valid, and do you have the discipline to wait for proper setups, and do you have what it takes to accept when the trade is no longer valid and get...
Correct prof... but let me add some, the word "E-X-E-C-U-T-I-O-N" also mean to jump into the market without hesitate, without procrastinate. As I mention before, it's a losser game. No matter how great the setup it is, before we jump, we never know the result and how to handle the accident. If the market prove your position wrong, exit immediately. Do not hold too long, because from the very beggining, it always a losser. Those who loss best, will achieve and survived through this dog eat dog market...

Until market proved our position not a losser position, do not exposed any of your equity into the bigger risk. Let's say, if you can afford using 1 lot size, first, at the initial, trade half lot. After market told your position is good, add 0.3 lot. If this also swim well, add 0.2 for the last add... if, the initial is have to be cut out, do not to be worried, it only half, not whole... You always can comeback later. The word "trade lightly" have to did like this. Forex trading, it's not how to rich quick. But how to loss best. This is the essence of market.
It's all started from page one
  • #77,973
  • Edited 11:40pm Dec 9, 2014 11:22pm | Edited 11:40pm
Trade Light Relative to Account Size

Sonicers,

I will give you three very good reasons to do this,.....stop hunts.....stop hunts......stop hunts:

1. Stop Hunts: You can never know if a stop hunt will happen. If it does, it might present an opportunity for a good addition to your trade and therefore a better average price for your trade. If you trade light relative to your account size then you can avail yourself of any such opportunity.

2. Stop Hunts: You can never know how great a stop hunt will be. It might pause and then go more. This can present an opportunity for an even better addition to your trade and therefore an even better average price for your trade. Trade light so you can avail yourself of any such opportunity.

3. Stop Hunts: You can never know how many stop hunts there will be before the Robber Banks finally get on with the trade! And sometimes the stop hunts get bigger. So, trade light so you can avail yourself of any good opportunity during any stop hunt.

These three reasons make it an imperative to trade light relative to your account size. Doing so will enable your trade to have "staying power" and "opportunity power" in the face of stop hunts, which are confirmations of the trade direction, but which will create draw downs on your account. There is no such thing as being able to trade without ever incurring draw downs. And there is no such thing as waiting to enter a trade only after the MMs have run the stops because we cannot know if they will even do that, or if they do, then how many times they might do it! The answer is to trade light - at entry and with additions - relative to your account size.

Okay, so how do we know if a move against our trade is a stop hunt or a reversal? We can't know! At least not right away. It will require enough PA to reveal what is going on. And over that time, the price can move considerably against your trade. And the lighter you trade relative to your account size the more time you buy yourself to see what might actually be going on,....the more time you buy yourself to decide if to fold, hold or add.

-tah
  • #77,974
  • Dec 9, 2014 11:48pm Dec 9, 2014 11:48pm
Quoting traderathome
EURUSD Long Trade Open: Scout entry. The whole number is key here. Price recently fell to the half number below it, where PA demonstrated some consolidation (position building), and then price very strongly rose back up thru the whole number. Now, the price has been methodically worked back below this whole number. There is no telling how much lower the Robber Bank MMs might manipulate it, but just in case they don't, I have decided to open the trade here, even though they could manipulate the price back to the lower half number or even RDL. We...
EURUSD Long Trade Closed:

Closed for gain of 43.4 pips average, 173.5 pips total.

I decided to close this trade in anticipation of yet another pull back to come today. I could be wrong about this, but I have decided to take profit here and wait to see what develops.
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  • #77,975
  • Edited 4:05am Dec 10, 2014 2:30am | Edited 4:05am
USD CAD Long trade.

Comments welcome.

Thanks.

Edited, should be long trade, typo

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  • #77,976
  • Dec 10, 2014 3:49am Dec 10, 2014 3:49am
Quoting joinforsonic
USD CAD Short trade. Comments welcome. Thanks. {image}
I'm confused you wrote short but on your screen there is long...
About trade- i'd like to wait for the broke of last resistance before go long.
  • #77,977
  • Dec 10, 2014 4:21am Dec 10, 2014 4:21am
Quoting joinforsonic
USD CAD Long trade. Comments welcome. Thanks. Edited, should be long trade, typo {image}
I am in too but my SL is below H4 Resistance @ 1.1425
  • #77,978
  • Dec 10, 2014 4:27am Dec 10, 2014 4:27am
Buy Stop UC:

MMs whip price below whole number and add long position, now they keep it below quarter number. It would be a nice setup for breakout + classic setup.

Buy stop @ 0.973 SL @ Daily Resistance 0.968

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  • #77,979
  • Dec 10, 2014 9:39am Dec 10, 2014 9:39am
EURUSD Long Trade Open/Close:

Closed for gain of 42.4 pips average/total.
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  • #77,980
  • Dec 10, 2014 9:49am Dec 10, 2014 9:49am
Quoting traderathome
{quote} NZDUSD Long Trade Update: Well, for sure it does appear that the MMs are accumulating long orders. And I added Scouts to this long trade at various times when the MMs whacked the price to benefit their accumulation of long orders. Currently, I am considering whether to take modest profit now because the MMs might go for a double bottom, or to just let this run thru whatever they do until they start a bull swing in earnest. I might hold off deciding until the next AS gets underway, so that I can possibly get clues as to what they have planned....
NZDUSD Long Trade Closed:

Closed for gain of 65.3 pips average, 980.2 pips total.
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