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Sonic R. System

  • #78,001
  • Dec 11, 2014 3:56am Dec 11, 2014 3:56am
Quote
Above trade was stop out for 28 pips.

Comments welcome please. Thanks.

I think it is a very bad trade for my part. In plus, cause of the following candles, the trend is not defined at all. Red candles were not with high volume too...so, I don't understand why you had these positions. But I am ready to hear from you to understand. My analysis is maybe false.
But one thing, you have cut your positions, and it is very great for your money management.
  • #78,002
  • Dec 11, 2014 4:05am Dec 11, 2014 4:05am
Quoting bagXpert
{quote} I think it is a very bad trade for my part. In plus, cause of the following candles, the trend is not defined at all. Red candles were not with high volume too...so, I don't understand why you had these positions. But I am ready to hear from you to understand. My analysis is maybe false. But one thing, you have cut your positions, and it is very great for your money management.

Thanks for the comment.

My thoughts as follow:
Dragon pointing at 4oclock and crosses the EMA at the point of entry. Maybe the wave was not that obvious, as a lower low would be more prudent.

On hindsight, dollar strengthen across the board.
  • #78,003
  • Dec 11, 2014 4:18am Dec 11, 2014 4:18am
Quoting traderathome
AUDUSD Long Trade Open: First a Scout when MMs took price below whole number at the start of after hours trading. This was based on the obvious series of higher lows following some basing below the half number yesterday. Then I added per Classic, now in after hours still, as price seems to be on the move up. The TP is tentative, but who knows?.....maybe the Robber Banks will take it up there.....a nice 250+ pips bull swing. {image}
AUDUSD Long Trade Closed:

Stopped out for loss of 33 pips average, 660 pips total.
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  • #78,004
  • Edited 5:40am Dec 11, 2014 4:50am | Edited 5:40am
Quoting joinforsonic
{quote} Thanks for the comment. My thoughts as follow: Dragon pointing at 4oclock and crosses the EMA at the point of entry. Maybe the wave was not that obvious, as a lower low would be more prudent. On hindsight, dollar strengthen across the board.
Are the Robber Banks Really Bullish USD, or Just Busy Stopping Out Other USD Bears?

"... On hindsight, dollar strengthen across the board." -

Maybe only because the Robber Banks are repeatedly stopping out left and right before the coming USD releases, to be followed by dollar weakness moves.

For example, look at GU. The volume obviously increased the lower the MMs whacked it. Why haven't they whack it soundly below the half number? Maybe they are not done yet. Maybe they will. Or, maybe the bastards are saving that nice move for later - the US session - then whack it soundly below the half number to stop out all the longs that are now coming back in at these current lows. And finally, they might push the price right back up, maybe to the whole number above RWH.

Now this is all pure speculation about these thieves really being USD bears busy stopping out other USD bears. So, we will just have to wait to see how these thieves move the price later.

Keep This in Mind:
The currency market is made by the Robber Banks. It is a business enterprise of theirs. They can easily swing prices up or down 100 - 200 pips totally independent of whether the USD (or any currency for that matter) is strengthening or is weakening. Eventually, yes, a strengthening currency will cause the price of pairs to move in the strengthening direction. But the Robber Banks always have and always will be able to swing prices totally independent of that, and by as many pips as they wish to on any given short term basis! And they do this solely to steal from others in order to engorge themselves in profits.

-tah
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  • #78,005
  • Dec 11, 2014 5:05am Dec 11, 2014 5:05am
Quoting traderathome
{quote} NZDUSD Long Trade Closed: Closed for gain of 65.3 pips average, 980.2 pips total. {image}
I enjoy seeing how you are building positions, proves your confidence in your trade
  • #78,006
  • Dec 11, 2014 5:54am Dec 11, 2014 5:54am
GBPJPY Long Trade Open:

M15 classic setup/entry. No hard TP/SL at this time.

We can clearly see that today the higher volumes are as price has moved down to lows and has come back up from them. However, we are in the midst of a "stop hunt season", so if the MMs whack it, I intend to add to it if I am around the computer when it happens.
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  • #78,007
  • Dec 11, 2014 7:55am Dec 11, 2014 7:55am
Quoting joinforsonic
{quote} Above trade was stop out for 28 pips. Comments welcome please. Thanks. {image}
Hi,
here my 5 cents.
UsdCad is trending up in all TF.
Take a short is more risky due to counter trend.
You shorted before LO, risky, sometimes we see fake "setups", cause MM is only taking preparation for LO move.
you shorted on a double bottom. you didn't wait for new low.
1.1447 was a resistance turned into support.
the volume on that double bottom was lower this time. no interest from MM in lower prices.
even on your trendline, volume was lower this time.
Previous bar before your enter was a wide bar (too wide) with low volume, MM pushing to better positionating their longs.
the candle you entered was a stopping volume look like.
3 bars later you have a Reverse uptrust wiht climax volume.
than a down bar with huge volume that fails to make a new low, and closing on the lows. Usual is signal for buying hidded.
than a Effort to Rise, engulfing previous down bar with high volume.

maybe, just maybe your were stoped out cause one of those reasons. BUT i don't know.


Sorry, i'm at work can't post charts. but you can check yours.

Regards,
If you don't know how to earn money, don't loose it.
  • #78,008
  • Edited 9:24am Dec 11, 2014 8:07am | Edited 9:24am
Quoting joinforsonic
{quote} Above trade was stop out for 28 pips. Comments welcome please. Thanks. {image}
USDCAD Comment: Bull or Bear?

Probably the MMs stop hunting shorts. This is the "Stop Hunt Season" by the looks of most pairs. The Robber Banks are being extra manipulative right now.

As another stated, this is in an up trend on the higher TFs. However, the PA of this up trend is now looking more like a Bear Flag (look at Month chart),...the bears pushing price up to stop out shorts and to suck in longs, which enables the MMs to close their longs and build short. Time will tell.

Probable "Stopping Volume"......
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Edit: A bit over an hour later, we can see the earmarks of consolidation (position building: closing longs & opening shorts most likely in this case) as the Robber Banks support the price, keeping it well above the whole number,...keeping it looking bullish. Often times in situations like this, these thieves will mount a finale whip,....one more try at sucking in longs and stopping out shorts,....which could take the price above the half number if they do it.
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  • #78,009
  • Edited 9:58am Dec 11, 2014 9:43am | Edited 9:58am
Quoting traderathome
GBPJPY Long Trade Open: M15 classic setup/entry. No hard TP/SL at this time. We can clearly see that today the higher volumes are as price has moved down to lows and has come back up from them. However, we are in the midst of a "stop hunt season", so if the MMs whack it, I intend to add to it if I am around the computer when it happens. {image}
GBPJPY Long Trade Closed:

Closed for gain of 143.3 pips average, 430 pips total.

I did add a Scout when the MMs took the price down towards the half number. I also added when it appeared that the price was breaking out, upwards thru the whole number.
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  • #78,010
  • Edited 9:19pm Dec 11, 2014 10:25am | Edited 9:19pm
Quoting traderathome
EURJPY Long Trade Open: M15 classic entry shown on H1 chart. Following a bull swing the price retraced to SR (yellow) and has since formed bullish waves. PA looks to me like the MMs are holding the price down - essentially below the 3/4 Level - for accumulation of long orders. No hard TP/SL at this tme. This being before the upcoming LS, when that session opens (or maybe even before) there is always the possibility of another retrace below the half number. I decided to enter now in case that does not happen. If it does, there might be some opportunity to add via Scouts. {image}
EURJPY Long Trade Closed:

Closed for gain of 20.4 pips average, 346.4 pips total.

Too long in this trade and so decided to take profit. Will see what the future brings.
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  • #78,011
  • Dec 11, 2014 10:34am Dec 11, 2014 10:34am
AUDJPY Long Trade Open/Close:

Closed for gain of 30.2 pips average, 512.8 pips total.
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  • #78,012
  • Dec 11, 2014 10:34am Dec 11, 2014 10:34am
I forgot to place SL...
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Forex losses teach a trader - not the Forex profits (Linda Raschke)
  • #78,013
  • Edited 9:20pm Dec 11, 2014 10:40am | Edited 9:20pm
Quoting traderathome
{quote} USDCAD Comment: Bull or Bear? Probably the MMs stop hunting shorts. This is the "Stop Hunt Season" by the looks of most pairs. The Robber Banks are being extra manipulative right now. As another stated, this is in an up trend on the higher TFs. However, the PA of this up trend is now looking more like a Bear Flag (look at Month chart),...the bears pushing price up to stop out shorts and to suck in longs, which enables the MMs to close their longs and build short. Time will tell. Probable "Stopping Volume"......{image} Edit: A bit over an...
USDCAD Comment: Bull or Bear?

Well, there it is, the Robber Banks push towards the upper half number as the LS on Thursday approaches the close, and as they keep price under upwards pressure as they close their longs,....and maybe also open shorts. They punched the price thru RDH, but there is still time for them to ram it thru the half number, too.
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  • #78,014
  • Edited 11:05am Dec 11, 2014 10:49am | Edited 11:05am
Quoting vytas
I forgot to place SL... {image}
Whole and Half Number Areas and Their Role in the Robber Bank Strategies

vytas,

Not to beat a horse to death, but you went long when the price was punched up thru a half number on very notable volume. At which time the day range was just about exhausted! Not setting a SL was not the problem here. It is important to understand the important role whole and half numbers play in the strategies of the MMs. You might consider finding and re-reading all the material on PVSRA that is offered on this thread.

Also, that is a huge amount of pips loss! Huge! So, I suppose you are trading demo. Trading demo is okay, for sure. But trading with such large sized entries and letting the trade get that far into a loss is ludicrous! So, the second major problem here seems to be that you are not being practical, and that you are well on your way in the development of incredibly bad habits that will be much, much harder to change than you can imagine.

If you continue down this road on demo, I guarantee you that you will lose all of whatever real money you ever start off with to trade live.

I congratulate you, though, on the honesty shown by posting this. We Sonicers can attempt to help each other, but only if we communicate.

-tah
  • #78,015
  • Dec 11, 2014 11:14am Dec 11, 2014 11:14am
Finally MM got me, after so long time ... I am not confident anymore with the direction

A lesson to learn about scout and MM, nearly 2,5 % of account.

Scout is dangerous, scout can destroy your account or the profit you ve done so far.

You will never know when / how / how long MM keep manipulating price. Often is it just a question of supply & demand and not manipulation but who knows ...

This will be added to: "Forex losses teach a trader - not the Forex profits" notice book in Evernote ...

Nevertheless SonicR really becomes one of my favourite system to learn forex. I will recap first and will update my point of view.

Comments are welcome.

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  • #78,016
  • Dec 11, 2014 11:15am Dec 11, 2014 11:15am
AUDUSD Long Trade Open/Close:

Closed for gain of 10 pips average, 149.5 pips total.

This trade was pure Scouts and based on the assessment of this pair frequently posted recently. It is a Double Bottom now, so maybe next week we can see something other than just pumps followed by stop hunts.
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  • #78,017
  • Dec 11, 2014 11:17am Dec 11, 2014 11:17am
Quoting traderathome
{quote} Whole and Half Number Areas and Their Role in the Robber Bank Strategies vytas, Not to beat a horse to death, but you went long when the price was punched up thru a half number on very notable volume. At which time the day range was just about exhausted! Not setting a SL was not the problem here. It is important to understand the important role whole and half numbers play in the strategies of the MMs. You might consider finding and re-reading all the material on PVSRA that is offered on this thread. Also, that is a huge amount of pips loss!...
Yes, it is demo and I'm still learning Sonic R system. It's not so easy with my poor English, as you can see. But I will! Thank you.
Forex losses teach a trader - not the Forex profits (Linda Raschke)
  • #78,018
  • Dec 11, 2014 11:31am Dec 11, 2014 11:31am
Quoting traderathome
{quote} Whole and Half Number Areas and Their Role in the Robber Bank Strategies vytas, Not to beat a horse to death, but you went long when the price was punched up thru a half number on very notable volume.
I congratulate you, though, on the honesty shown by posting this. We Sonicers can attempt to help each other, but only if we communicate. -tah
another lesson from yesterday was different.
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Forex losses teach a trader - not the Forex profits (Linda Raschke)
  • #78,019
  • Edited 11:53am Dec 11, 2014 11:38am | Edited 11:53am
Quoting traderathome
AUDUSD Long Trade Open: Scout entries, based on M15 FR 50+% retrace of series of bullish PA waves, and specifically on M1 reveal of this retrace showing increasing volume. It is all happening below whole number (PVSRA = indication of MM bulls accumulating long orders ahead of a move higher). No TP/SL at this time. {image}
AUDUSD Long Trade Closed:

Closed for loss of 396.4 pips average, 1981.8 pips total.

Reality vs anticipation. Which won out? "Trade what you see, not what you believe!" And this applies to trade exits, not just trade entries!
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  • #78,020
  • Edited 11:53am Dec 11, 2014 11:40am | Edited 11:53am
Quoting traderathome
AUDJPY Long Trade Open: M15 Scout entry. There are nice bullish PA waves. Price has now made a FR 50% retrace. No TP/SL at this time. {image}
AUDJPY Long Trade Closed:

Closed for loss of 183.3 pips average, 916.7 pips total.

Reality vs anticipation. Which won out? "Trade what you see, not what you believe!" And this applies to trade exits, not just trade entries!
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