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Sonic R. System

  • #79,861
  • Mar 16, 2015 8:54am Mar 16, 2015 8:54am
Quoting Pips.Fishing
Hi, I have a question regarding the classic set up. There are times that I can really confused whether if it's a Short or Long classic set-up that we should be waiting for? Take AU as an example, at the start of LO, it seems like a classic Short has appeared... which subsequently failed. Thereafter, a classic Long present itself. Times like this I get really confused.. does it mean what we have to wait out the PA to determine if it's going to be a Long or SHort? But if we wait out, and what if the classic short did not fail, price may have moved...
Confused?

You have experienced what is the thorn in the side of every trader,.....we cannot know how the MMs will move price next. Yes, sometimes a Classic setup won't run far at all. Just like your first one, only 9 pips or so! Then the MMs turn things around and go the other way. And when that happens, you still cannot know how things will turn out.

The market is all about liquidity,.....MMs running prices up and down to get wrong siders in and to stop out right siders.....ahead of their planned bigger move to come. Where are the big players likely placing orders? Where are the MMs likely to take price to fill those orders. Those orders might be to close existing positions. Those orders might be to open new positions. When might the better moves come?

As you can imagine, trading is not just a simple matter of slapping indicators on a chart and pulling the trigger when they "indicate" to you. One must develop a "feel" for the market. And each new week puts the trader back to square one in that regard.

So sometimes, often times......as is often repeated here.......THE FIRST OF THE WEEK IS NOT THE BEST TIME TO TRADE!!!!!!!!!!
  • #79,862
  • Mar 16, 2015 8:59am Mar 16, 2015 8:59am
Quoting Pips.Fishing
Hi, I have a question regarding the classic set up. There are times that I can really confused whether if it's a Short or Long classic set-up that we should be waiting for? Take AU as an example, at the start of LO, it seems like a classic Short has appeared... which subsequently failed. Thereafter, a classic Long present itself. Times like this I get really confused.. does it mean what we have to wait out the PA to determine if it's going to be a Long or SHort? But if we wait out, and what if the classic short did not fail, price may have moved...
Circle 1 (left) - Low, circle 2 (higher low), circle 3 -even higher low....why were you looking for a short instead of long??
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  • #79,863
  • Mar 16, 2015 9:06am Mar 16, 2015 9:06am
GBPJPY

Lots of activity while the MMs held the price down, mostly below the half number,......PVSRA, Sonikers!
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  • #79,864
  • Mar 16, 2015 9:07am Mar 16, 2015 9:07am
Quoting traderathome
{quote} As you can imagine, trading is not just a simple matter of slapping indicators on a chart and pulling the trigger when they "indicate" to you. One must develop a "feel" for the market. And each new week puts the trader back to square one in that regard.
I do not use this system, and do not use any systems at all. Also I am still not an expert in FOREX, finding my way at the moment, through a lot of reading and study.

I just jump to this thread for curiosity.

If you say what you just said in the quoted sentences above, why do you need the indicators?

If "One must develop a "feel" for the market.", why not just develop the feeling without the noise of the indicators?
  • #79,865
  • Mar 16, 2015 9:12am Mar 16, 2015 9:12am
Quick Trade, closed after 7 minutes. Still learning, no where near as good as what others traders on here make. Any criticism would be nice. I know I missed the boat earlier on this, but have just got in from work.
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  • #79,866
  • Mar 16, 2015 9:16am Mar 16, 2015 9:16am
EURJPY +55 pips
EURUSD + 49 pips


Demarko
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'Simplicity is the ultimate sophistication'
  • #79,867
  • Mar 16, 2015 9:21am Mar 16, 2015 9:21am
Quoting nunonuk
{quote} I do not use this system, and do not use any systems at all. Also I am still not an expert in FOREX, finding my way at the moment, through a lot of reading and study. I just jump to this thread for curiosity. If you say what you just said in the quoted sentences above, why do you need the indicators? If "One must develop a "feel" for the market.", why not just develop the feeling without the noise of the indicators?
"....finding my way at the moment, through a lot of reading and study."

This is perhaps why you do not understand. One should learn how the market REALLY works. I guarantee you that you will not find that in books. You will come to understand if someone who already understands, tells you. Or thru your own screen time if you have enough money to stay in the market long enough to learn.

As for indicators, .....they are not guarantees of how price will move. We use the angle of the Dragon as a gauge of momentum, together with rising volume at a time we have actual price action waves indicating bullish or bearish tendency. And the Trend is, like the central pivot is, an arbitrary line between general bullish and bearish price action. And then we put it all together with PVSRA. And you really have no idea since you only dropped in.

-tah
  • #79,868
  • Mar 16, 2015 9:27am Mar 16, 2015 9:27am
Quoting demarko7
EURJPY +55 pips EURUSD + 49 pips Demarko {image} {image}
demarko7,

You are at the "head of the class". Really. You are consistently applying the Sonic R. System well, and profiting nicely. My congratulations to you. I would recommend all Sonikers to search and study your posts.

-tah
  • #79,869
  • Edited 10:03am Mar 16, 2015 9:44am | Edited 10:03am
EURUSD : Are MMs Bulls or Bears?

On my opinion they are Bears creating liquidity to suck in longs while they open more own shorts

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  • #79,870
  • Mar 16, 2015 9:49am Mar 16, 2015 9:49am
Quoting traderathome
{quote} demarko7, You are at the "head of the class". Really. You are consistently applying the Sonic R. System well, and profiting nicely. My congratulations to you. I would recommend all Sonikers to search and study your posts. -tah
Thank you Tah
'Simplicity is the ultimate sophistication'
  • #79,871
  • Mar 16, 2015 10:27am Mar 16, 2015 10:27am
Quoting Alexan4es
EURUSD : Are MMs Bulls or Bears? On my opinion they are Bears creating liquidity to suck in longs while they open more own shorts {image} {image}
"....practically guarantees a profitable Classic long trade!"

Part of good trading is having a "feel" for the market. Part of it is understanding that good Classic trade opportunities arise that are counter to the overall assessment of the market.

For example, MMs might be assessed as bears that are pushing up price to get liquidity for shorting from longs coming into the market and from stopping out shorts already in the market. And while the MMs are pushing up price we can be blessed with a Classic long setup. The same in reverse, of course.

So, while digging for clues as to what the MMs are up to, do not lose focus on stalking for Classic setups. Such a push up by bear MMs practically guarantees a profitable Classic long trade!

-tah
  • #79,872
  • Mar 16, 2015 10:40am Mar 16, 2015 10:40am
Quoting traderathome
{quote} "....practically guarantees a profitable Classic long trade!" Part of good trading is having a "feel" for the market. Part of it is understanding that good Classic trade opportunities arise that are counter to the overall assessment of the market. For example, MMs might be assessed as bears that are pushing up price to get liquidity for shorting from longs coming into the market and from stopping out shorts already in the market. And while the MMs are pushing up price we can be blessed with a Classic long setup. The same in reverse, of course....
Sir, you absolutely right, thats why I traded classic long
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But I also understand that it is counter-MM trade, so in this case buy is dangerous trade relative to short, because we don't know where MMs reverse the price
  • #79,873
  • Mar 16, 2015 11:10am Mar 16, 2015 11:10am
Anyone looking to short GBPUSD - volume above PVT, volume decrease after 13th of march, slow increase in price meaning bears?
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  • #79,874
  • Mar 16, 2015 11:13am Mar 16, 2015 11:13am
Quoting traderathome
USDJPY Long Trade Open: Scout entry to M15 pre-LS Classic long setup not yet complete. I know what you and I are thinking.....why am I trading JPY pairs after posting caution on trading them prior to the JPY releases tomorrow? And, if I am trading them, is it trading them with caution to enter before the LS? Well, this one looks bullish to me also. At the time of entry on M15 there were already spikes down to the lower TL and back up off of it with notable volumes down on the M1 chart. And the M15 chart already had as much volume as the several...
USDJPY Long Trade Closed:

Closed for gain of 13 pips average, 1,311.5 pips total gain.

First entry stopped out. Had already made second entry, forgot to set SL on it, went to bed. Woke up and started adding to trade from highs down to lows. Now, tired of it.
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  • #79,875
  • Mar 16, 2015 11:19am Mar 16, 2015 11:19am
GBPJPY Long Trade Open:

M15 Classic.
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  • #79,876
  • Mar 16, 2015 11:39am Mar 16, 2015 11:39am
Quoting traderathome
NZDJPY Long Trade Open: M15 Classic long setup. No TP, SL at this time. {image}
NZDJPY Long Trade Closed:

TP reached and trade closed for gain of 35 pips average, 350 pips total gain.
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  • #79,877
  • Mar 16, 2015 11:48am Mar 16, 2015 11:48am
Quoting traderathome
EURUSD Long Trade Open: Scout entries. Same as with GU (see post), Friday the MMs whacked it below whole number Level; went down to fill big player buy orders. Later the MMs took the price below lower half number Level; went down to fill their own buy orders. Unlike GU, the half number Level continues to be breached; MMs not supporting price very well, hence they are probably still going back down to use up liquidity for filling their own buy orders, meaning they are deceiving shorts to enter the market. Could be wrong, have been before. Keeping...
EURUSD Long Trade Closed:

Closed for gain of 49.9 pips average, 3,590 pips total gain. Terrible, terrible trade. Getting rid of them.
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  • #79,878
  • Mar 16, 2015 11:53am Mar 16, 2015 11:53am
Quoting traderathome
GBPUSD Long Trade Open: Price has now retraced back to the lower whole number. I made a Scout long entry there, but I would not be surprised if the MMs drag the price lower. There are GBP high impact releases and USD high impact releases coming. If the big players add more buy orders at lower prices the MMs are surely going to lower the price and work to fill them. I entered here just in case that does not happen. No TP, SL at this time. -tah {image}
GBPUSD Long Trade Closed:

Closed for gain of 16.8 pips average, 1,511.1 pips total gain. Terrible, terrible. Closed out. Done with it.
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  • #79,879
  • Mar 16, 2015 11:59am Mar 16, 2015 11:59am
Quoting traderathome
GBPJPY Long Trade Open: M15 Classic. {image}
GBPJPY Long Trade Closed:

Closed for gain of 44 pips average/total. Decided to close here.
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  • #79,880
  • Mar 16, 2015 12:03pm Mar 16, 2015 12:03pm
Quoting traderathome
AUDJPY Long Trade Open: M15 Classic, pre-LS though. After suggesting we Sonikers "go easy" on JPY pairs this Classic setup formed up. Yes, it is against the "LS only" recommendation. And indeed, AS setups tend to have lousy outcomes. What strikes me as positive enough to trade this setup is the steadily increasing volume on leg #3 of the PA wave. I think this goes higher. If it does, it might also mean downside is coming later this week, as a move up this early in the week, ahead of JPY releases tomorrow, might be only to set the stage for filling...
AUDJPY Long Trade Closed:

Closed for gain of 21.3 pips average, 213.4 pips total gain. I added to trade as it went along. Very tight range. Could pop, but LS over and I am tired of it. Could reverse, too. Release coming next AS.
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