Sonic R. System

AUDUSD Long Trade Open:

Sonikers,

The new AS has begun. The AUD high impact release is about an hour away. On the attached M5 chart we can see the AS MMs pretty much started buying it up on increasing volume right off the bat! The question remains if there will be a pullback - a stop hunt of longs - before any bull run truly gets underway. Personally, I have opened this trade now, and intend to add if the MMs sufficiently lower the price again. They might use the remaining time to the release to hold the price up, but without a breakout, to suck in longs and then stop hunt those longs before they execute a breakout. And even after a breakout - if there is one coming - they could also do a later stop hunt of longs. We can never know how they will move price.

-tah

Edit: AUDUSD Long Trade Update

The AS MMs did pull the price down before the breakout. I added. Now, following the breakout, they have retraced the breakout move somewhat. I have added again. From this point forward, we cannot know how the price will move. What we do know is that the price is still very low in the 750+ pips bear swing down, and that all the MMs have by now had their chance at the lows to close their shorts and start opening longs. No TP/SL at this time.

Edit: AUDUSD Long Trade Closed

Closed for gain of 18.7 pips average, 560 pips total. This DR1 level could be a place where the price move halts and the MMs work the price back lower into the LS. Cannot know. I decided to take profit and wait and see.

USDJPY Long Trade Open:

M1 setup. The AS MMs wasted no time. They started the price down. Then they allowed much more time while they pumped the price back up, again followed by a quicker whacking. To me this looks like the MMs are sucking in longs and stopping them out. If so, then we could see an upside move sometime today. Also, most all of these shenanigans are taking place below the half number, which we know is where MMs prefer to accumulate long orders.

So, I opened just below what I saw as the breakout level. Then, the MMs suddenly whacked it again! I added, but would have preferred more spacing between entries. At this point there is no telling how the price will move next, but this does seem bullish. Time will tell. No TP/SL at this time.

Edit to Update:

About an hour later, and switching to the M5 chart, I interpret what I see as the MMs truly scamming the longs. The highest volumes are for the lowest prices and for the second time today the AS MMs allowed time for longs to enter the market while supporting the price ever higher, and followed with a stop hunt of those longs. This does not mean the MMs won't take the price even lower. If they do this again, allowing even longer for even more longs to enter as they support the price ever higher, they might indeed suddenly whack the price again, even lower! This is legalized theft, and it is the way the Robber Bank MMs run the market.

All we can say is that we cannot know how the price will move next. In this case, though, price-volume action below the half number (PVSRA) is looking like the MMs are accumulating long orders.

Opened pre-London o Classic Long Aud/USD

Closed AUD/USD total+371p

USDCAD Short Trade Closed-Opened-Closed:

First trade was closed for a loss of 350 pips average, 3500 pips total loss.
Second trade was opened and now closed for a gain of 75.6 pips average, 3780 pips total gain.

I have to work more diligently and responsibly, just as Gupito1508 posted for all of us earlier:
http://www.forexfactory.com/showthre...4792&page=3911

thanks tah thank gp,you two are nice persons. thank you very much

NZDJPY Long Trade Open:

M15 bullish PA wave with good volume at lows and breakout, Dragon with good up angle, but pre-LS. All-in-all not too bad, though the LS MMs might make a double bottom out of this if they get aggressive about stop hunting longs. We cannot know how the price will move next. The MMs might or might not whack the price, so I made entry here and now wait to see whatever the MMs do. No TP/SL at this time.

leentjai,

What a gal!

Lady, you managed that trade much, much better than I managed mine. You should be teaching here.

Sonikers, study this one. This is how it should be.

-tah

NOBODY CAN HELP YOU except YOURSELF

As we face everyday in market, the more uncertain situation is occur. Yes, from the very beginning this market created, nothing certain. The only one that certain is the uncertainty itself. Some people said that it's hopeless to throw the newbie into the page one. No it is not. I learn from the page to page, and started from page one. This is the living book of SONICER. We are being blessed by prof TAH that allowed himself into subject of condemn by strictly forcing the rule into this forum. I tried to always comply this forum rule, just because I realized, why I wasting time writing something that any other people can not get the benefit by the mixture and messy chart, full with line and indicator. Nobody will catch the essence.

Today, I'll give some example, that any loss is normal. But how we as a trader approach and face the loss, is the problem. Yes TAH often mentioned that trade lightly compared into your account equity. But the light size of risk can be devastated if you kept it go. I often said to my friends that it is their job to minimize their exposure into risk by not allowing big drawdown happened into their account. No matter how light you trade compared into your account size, Loss is Loss. A cancer started from small, then spread wider, so that the whole body is damage then dead, buried and forgotten. Why kept the loss? Why not throw the losser position then switched into the right direction? What problem that made each trader so hard to dumping the loss? Why not cut the losser position before it reach your SL? Why kept the position that open floating for minus 80 pips instead of cut it at 10pips, then switched for gain 67pips (spread is count)? Surely I said, if you can not did that, it's the time for you not wasting your time and money into trade. Find another way to make money. Only people that brave enough to accept loss as soon as possible will survive here.

Ok, then how? Train yourself, not with demo, but real money, until you feel nothing to cut loss. Until you get habitual with loss. Make friend with it, and you will survive in this dog eat dog market. That's the purpose of trade lightly. Spend your money small, learn and feel each loss, until you bored with it. Then, at that phase, you will learn how to throw as small as possible amount of money. That's the first rule about how to master the market.

Then come into the next step, after you are not afraid with loss anymore, it's time to make serious money. The time and phase for play, and being nice with MM is over. You know your objective now, you are not afraid about loss, you can protect your account by spending small pip, and fight longer with the MM. You, at this phase, dare to switch anytime when your position is losser. No hedging, no procrastinate, without delay, and almost reflect, push the button close then open into another direction. You follow the price, and roll with it. If it goes green, you hold longer, if it goes red, you fold fast. You're not trade lightly again now. You often enter into the market with big lotsize. You dare to do it because you know, you always cut the red faster, but fold the green longer. Your account can now multiplied. That's the rule of trading, by accepting your loss and get used to it.

The most essence in trading is not about how you analyze, put line into the chart, get messed up with your chart like a trashcan,but HOW TO TRAIN YOURSELF TO ACCEPT LOSS? Below, I put an example from today's market realtime transaction I did.

Good luck
-GP-

Opend Short AUD/USD Scout

Thank you Professor !!!!But you are my teacher, Professor

Closed Short AUD/USD. Total +211.0 points

GBP/USD - Bullish

Lots of volume at the lows before major news.

Maybe. But right now, you got to protect your equity. And, one sure thing, use the trade level indicator, and disable the metatrader trade level. There are purpose for doing that, first, anybody that trade using 100 regular lotsize at one shot each position do not seems so great here, but those who trade 0.01 will have the equal look. The pipcount is matter, but the lotsize must be hide, let the other trader that using small capital can enjoy and read too, without any hard feeling.
Regards,
-GP-

Perfect. Will do sir !

I agree with you 100 percent !!!!

AUDUSD Long Trade Open:

M15 setup. Entered a bit early due to rise in volume shown on M1 chart. Dragon is flat, which is not good, but Trend is up today and the Dragon is above it, which is good. Time will tell. No TP/SL, but upper whole number/RWH might be a target before the Wednesday round of USD releases.

NU long trade open:

post classic M15, many long activity. TP/SL 1:1

they might push the price below whole number but half number seems to be a nice zone, too.



Additional Trade:

If long hits TP @ ~ 0.78, and 0.78 stands stable we should see a fall to ~ .767

Sell limit @ 0.78 TP 0.77 SL 0.782

tah

plz check the USD/JPY chart...is it a long (still in the learning phase, but trying)..thanks

UC long trade open:

classic M15, TP/SL 1,5:1