Sonic R. System

Hold until 0.77555 then decide.

USDJPY Long Trade Closed:

Closed for gain of 66.5 pips average, 7317 pips total. This M1 entry went south. It was obvious from PVA the MMs were pushing it south. Was it to be a stop hunt confirming my trade, or a deeper, relentless push where eventually they would take profits on their shorts and reverse? Unfortunately, it was the latter. Fortunately the bear swing was already half over. So, my mistake was in not being patient to await a proper M15 classic with higher TF confirmation. I had two choices: bail out and take my licking, or look for higher volumes at lows as the price cycled up and down,....and await the end. I am not justifying and promoting my management of the trade, just explaining it. I apologize for not posting updates, but I wished not to encourage any of you on this one.

EURUSD Long Trade Open:

Scout entries based on high volume into the lows yesterday (FOMC day) later followed by sudden spike back to lows (presumed liquidity creation for longs) and that the retrace of the move up from the lows has been a generous retrace (almost 79%) which attracted notable volume at the retrace lows. To me, this is indicating bullishness, accumulation of long orders by the MMs.

There is no telling how price will move today, as always. So, at some point today, though this might be bullish, the price could be lower again. If it is not to be bullish, it could continue lower. As it is, with the indications stated, this 1/4 level area seems a good Scout start area. No TP/SL at this time.

AUDJPY Long Trade Closed:

Closed for gain of 66 pips average, 395.9 pips total gain. Yeah, just like UJ. It has been that kind of week.

LONG closed for 116 pips. It's 11% profit for 2 days thanks Prof TAH...

NZDUSD Long Trade Closed:

Closed for gain of 56.4 pips average, 1128 pips total gain. This could complete the trek originally mapped, but at RWH I decided this is good enough because it could start a retrace sometime before completing. I could be wrong, but this is good profit.

AUDUSD Long Trade Closed:

Closed for gain of 31 pips average, 248.2 pips total.

EURJPY Short Trade Open:

M15 classic setup.


Edit:

Closed for gain of 28.9 pips average, 289 pips total gain. Decided to close since at whole number, a good place to start a retrace into the US session. Might be wrong, in which case still good profit.

USDCAD Short Trade Open:

M15 classic setup.


Edit:

Closed for gain of 20.5 pips average, 205 pips total gain. Decided to take profit now that price is below whole number and near DS1, both of which are likely reversal levels. Price might retrace into the US open. I could be wrong. If so, this is still good profit.

EURUSD Comment

This is the most significant price area in many years. It is time to stop the drop, cogitate and decide where from here. And, most likely, the "where" will be back up, just to give everyone a chance to catch their breath and put their "Thinking Caps" back on straight.

AUDUSD Long Trade Open:

M15 classic re-entry.

Whole numbers are the most important price levels of all and here we see price has been back and forth across one of these levels multiple times with a price pattern of bullish waves.

GBPUSD Long Trade:

M5 setup of bullish PA waves with Dragon beginning to angle up, following a dip below half number on notable volume (PVSRA = bulls). No SL at this time.

Hello!

How can I apply this system to FXCM Trading Station?

regards

USDCAD Short Trade:

M15 classic setup re-entry. When the US mkt. opens the MMs might at some time do a stop hunt on shorts, causing the price to rise. If they do, and if the price rises sufficiently, I plan to add to this short trade.....presuming I am at the computer when it happens. No TP/SL at this time, but the area between SD2 and RDL looks reasonable for a TP today.

MetaQuotes MT4 is the only platform we support. You have several choices:

1. Use FXCM MT4
2. Use another broker offering MT4. (An aside: more offshore brokers with better trading privileges are now allowing USA clients.)
3. Find someone to recode our open coded indicators for you, for whatever other platform you might use.
4. Use a simple chart with our MA lines and normal volume - just like this all started - and which any respectable platform will accommodate, as shown attached.

trader@home

are you alaways in your buy eu ?

I suppose TAH that is most significant but still the pair is very volatile to MM manipulation ...they might just drag the pair further until a high impact news reverse the effect

All Sonikers!....Post #1, Sentence #1 Examples!....by "gazas"

Dear Sonikers and gazas,

If you were a college student, how would you feel if you came to realize the textbook prescribed by the college made frequent references to illustrations that were not contained, that were somehow left out, that were missing! Would you not be frustrated, and feel cheated?

As the gardener here at Master Sonicdeejay's mansion, I often have to pull weeds to keep the place looking proper. I wish I had an easy job (since Sonic doesn't pay me to be his gardener) but from time to time one must do what one must do, if only to know that one has done his best,...and let God be the judge of it.

So, here is an issue that continues. Some new folks and some seldom posting folks seem to either not know of our posting etiquette, or they don't care. Either way, it degrades this textbook. Sonic's #1 rule is, "No pic,....No post!" It is so simple and so simply stated one has to wonder about the mental acumen of those that can't understand it, and the agenda of those that intentionally violate it. Unfortunately, things must progress onwards and upwards. We don't have the privilege of taking time to wonder which might be the case. We must act appropriately, immediately. That is a developed skill of a successful trader (reference: Gupito1508).

This textbook is in ongoing publication. Clearly, for all Team Sonikers members the goal is to assure there are no missing illustrations. So, if you post without an illustration that would keep the contribution of your post just as valid to a reader a year hence as now, then without such attached illustration, your post is - sorry to say - just space taking garbage! And this thread is already so huge that your space taking garbage posts are not welcomed!

I hate to say this, but I am running out of patience over this. I use a very particular "Signature" at the bottom of my posts in order to feel that I have given fair warning, both to anyone who is too lazy to read even Post #1, sentence #1 and to anyone who has and is too dumb to anticipate there is more they better read and understand before posting here. Giving fair warning is all I can do, and for the sake of this textbook, my subsequent course of action must be to summarily ban such posters.

I am not banning this one. Not yet anyway. I have sent a warning to him via PM, which is all I can do. I try to warn all such posters when they are out of compliance. And it is now a requirement that all such posters getting such a warning go back and edit their original posts to comply with our posting etiquette within the 24 hours Forex Factory allows for editing. If they fail to do this, they will be banned. Some might not get a warning from me at all, at least not in time. That is too bad. Ultimately, it is their responsibility at issue, not mine. I know of no other way to protect the quality of this textbook.

-tah

Hello Tah.
this is my trades in the moment...
What are you think?

What Do I Think? Do You Really Want to Ask This Question?

piplus,

1. Read this post: http://www.forexfactory.com/showthre...22#post7975822
2. Uncheck "Chart on foreground" in "Chart propeties". Looks like you created this template with our indicators. You should not do this because the interaction of the displays of our indicators is complex and part of our template is the proper selection of "Chart properties". Just use our template as provided.
3. Good grief! Lots on the chart! Too much in my opinion. The essence of your question is what? Are you asking if you are on the right side of the trade? Do you see increased volume at the lows for the starting of PA wave leg #3? No, you don't. What you can see, if you bother to pay better attention to the indicators we provide and take the rest of the garbage off your chart, is that the higher volumes were at the start of PA wave leg #2. In fact, you can see that most of the notable volumes today were above the 1/4 level. You can also see that yesterday the MMs did a lot of activity above the half number, and since then the Dragon, Trend, and PA have all been coming downwards.

What do I think? I think you cannot see the big picture because you are too distracted by all the crap on your chart. I think you, like too many others that come here, don't adequately do their homework, don't read this thread, don't stay current with the thread, and therefore don't get the viewpoints already provided.

-tah