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Sonic R. System

  • #78,021
  • Edited 9:17pm Dec 11, 2014 12:09pm | Edited 9:17pm
Quoting forexTN14
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...
Scout Entries

forexTN14.

You were not the only one, as you see in the two preceding posts! In spite of my losses on AU and AJ, I did manage to be profitable this week with over 600 pips so far (all posted here), but you can see that the profit could have been much more. This week is not being not fun.

Yes, depending on just how Scouts are used, they can be very risky. Of course, and as has been stated often here, a Scout entry can well precede a Classic setup,.....under very certain conditions. And Scouts can be used to build a trade that is running green. The big danger comes from using Scouts when a trade is running in the red. This is very dangerous! A keen eye for the interaction of PA, volume and S&R is critical (PVSRA). And even then, regardless of our experience and what we currently conclude, the MMs can get the best of us when we are doing this!

The Sonic R. System as prescribed is sound. It is more. It is elegantly simple and effective. And when we traders begin to push the envelope, setting aside the prescription for this system, we expose ourselves to disaster.

-tah
  • #78,022
  • Edited 10:23pm Dec 11, 2014 6:52pm | Edited 10:23pm
i know its not LO ...but decide to try out this set up... any comments are welcome . and if i did anything wrong (besides time of trade) please .
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Edited :
little update
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trailing stop is on. time to sleep
  • #78,023
  • Dec 11, 2014 7:40pm Dec 11, 2014 7:40pm
Really thankful for all the constructive comments.

By the way, this is a trade i took, EUR JPY long, and closed for 50pips, below round number.

I think my entry could be refine a little, and entered abit earlier.
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  • #78,024
  • Dec 11, 2014 10:50pm Dec 11, 2014 10:50pm
EURJPY and GBPJPY Comment

Sonicers,

Due to the "Stop Hunt Season" we seem to be in, it could be that today we get that "Special" bullish PA wave on these two,.....where the 3rd leg does not start out higher than the 1st leg, but instead it starts out from below a key SR level. Note that on both pairs if the price does move up today then that move will also complete a larger TF bullish PA wave. Do you see them?
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  • #78,025
  • Edited 11:35pm Dec 11, 2014 11:17pm | Edited 11:35pm
AUDUSD Comment:

Sonicers,

This is a nice bullish PA wave form. However, I would anticipate a pullback, perhaps initiated by the Frankfurt or London open MMs and which might briefly take price back to/into the Dragon. You can see that the Robber Banks whacked the price to the half number yesterday and that since then they have repeatedly put the price below the half number, and that each of the six times they did this the price came back up strongly. This is clearly the result of accumulation of longs below the half number and when the MMs used up the liquidity down there the continued accumulation of longs quickly took the price higher.
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  • #78,026
  • Dec 12, 2014 3:08am Dec 12, 2014 3:08am
GBPAUD Short Trade Open/Close:

Closed for gain of 72.1 pips average, 360.6 pips total.
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  • #78,027
  • Dec 12, 2014 3:12am Dec 12, 2014 3:12am
AUDUSD Long Trade Open/Close:

Closed for gain of 28.9 pips average, 144.5 pips total.
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  • #78,028
  • Dec 12, 2014 4:17am Dec 12, 2014 4:17am
EURUSD Short Trade Open/Closed:

Closed for gain of 21.1 pips average, 105.5 pips total.

This was a pure Scout based trade,.....sudden 50+ pips run up of price to half number. Figured the MMs were stop hunting shorts while taking the price up to the area of previous short accumulation.
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  • #78,029
  • Dec 12, 2014 4:31am Dec 12, 2014 4:31am
AUDUSD Comment:

Fellow Sonicers,

This is a Classic long setup. However, the USD releases might involve a pullback. And since the US MMs are the bastards of bastards, a pullback could be a good one, maybe taking the price back below the half number.

So, if you enter long prior to the USD releases, just be aware that a stop hunt could come to your trade. We cannot know how the price will move next, but if the MMs are bulls, a stop hunt of longs is something you should plan for in case it happens. Know if you are going to fold, hold or add. Of course, this could reverse, too. We just cannot know. But right now, it is bullish.
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  • #78,030
  • Dec 12, 2014 5:10am Dec 12, 2014 5:10am
You never no what they are going to do. Sometimes they slice through the dragon, hold the level right there and then reverse. When you look at the chart and see stopping volume, maybe some bullish or bearish candlestick pattern and enter the trade you still get it wrong. Volume, candle pattern, and dragon used to be my ideal trade. Now MM's manipulating the setup
  • #78,031
  • Dec 12, 2014 5:18am Dec 12, 2014 5:18am
Hi folks,

Here is my first closed trades since I've been back. Have a great weekend folks.

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insanity: Doing the same thing over... and expecting different results -AE
  • #78,032
  • Edited 10:02am Dec 12, 2014 8:25am | Edited 10:02am
Hi everyone,

EURJPY long trade classic. Im new to Sonic, so go easy on me.

Edit: Trade closed for a gain of almost 50 pips.
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  • #78,033
  • Dec 12, 2014 9:09am Dec 12, 2014 9:09am
I don't really understand the meaning of this point out words?
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  • #78,034
  • Dec 12, 2014 10:12am Dec 12, 2014 10:12am
Quoting traderathome
EURUSD Long Trade Open: M15 classic setup. No TP/SL at this time, but RDH is a TP candidate. {image}
EURUSD Long Trade Closed:

Closed for gain of 21.5 pips average, 429.5 pips total.

Horrible, horrible decision making. Happening less though.
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  • #78,035
  • Dec 12, 2014 10:16am Dec 12, 2014 10:16am
Quoting Jordanlc
I don't really understand the meaning of this point out words? {image}
Jordanlc.

Post #1, sentence #1.

-tah
  • #78,036
  • Dec 12, 2014 10:24am Dec 12, 2014 10:24am
Quoting cpleasant
You never no what they are going to do. Sometimes they slice through the dragon, hold the level right there and then reverse. When you look at the chart and see stopping volume, maybe some bullish or bearish candlestick pattern and enter the trade you still get it wrong. Volume, candle pattern, and dragon used to be my ideal trade. Now MM's manipulating the setup
cpleasant.

We have been posting frequently this week about Stop Hunting. We are being exposed to a lot of it, with prices swinging up and down unexpectedly.

And that is what is important about trading,.....expect the unexpected and know what you are going to do about it if it happens,....fold, hold or add,..... because at all times in the market we cannot know for sure just how the Robber Bank MMs are going to manipulate price to thieve and deceive. Every trade needs a plan. Every trader needs to supply this plan for each trade made. This is the way the market is. It has always been this way and probably will always be this way if the Robber Banks have anything to say about it.

-tah
  • #78,037
  • Dec 12, 2014 10:35am Dec 12, 2014 10:35am
AUDUSD Long Trade Open/Close:

Closed for gain of 7.6 pips average, 76.3 pips total.
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  • #78,038
  • Dec 12, 2014 11:31am Dec 12, 2014 11:31am
EURUSD Short Trade Open/Close:

Closed for gain of 13.2 pips average, 66 pips total.
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  • #78,039
  • Dec 12, 2014 1:04pm Dec 12, 2014 1:04pm
NZDJPY Short Trade Open:

This is a Friday after hours re-entry of a Classic short setup. Of all the JPY pairs, this looks like it has the best pattern of highs on the Month chart for shorting. And it shows the weakest PA on the M15 chart. There is a JPY high impact release over the weekend. So this trade is a gamble that the MMs are pushing up all of the JPY pair prices now in Friday after hours trading in order to accumulate shorts ahead of the new week open.
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  • #78,040
  • Dec 12, 2014 1:10pm Dec 12, 2014 1:10pm
EURJPY Short Trade Open:

Scout entry in after hours based on the fact that the MMs are pushing up the prices in after hours on all the JPY pairs ahead of a JPY high impact release over the weekend. And based on the push up of this pair bringing the price back up into the zone where the MMs have previously accumulated shorts.
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