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Sonic R. System

  • #17,021
  • Jan 25, 2011 5:46am Jan 25, 2011 5:46am
Quoting nando_rich
Hi:

The PA finds resistance with 3 TOP and i've placed a pending sell stop on EU.

we'll see.
My short trade was closed in BE (this is a different account than the previous post)
Attached Image (click to enlarge)
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"Being picky only cost your time - not MONEY"...Hans
  • #17,022
  • Jan 25, 2011 5:49am Jan 25, 2011 5:49am
Quoting bennyFX
The movement in EU compared to GU seems to be "protected" or "softened" somehow. Downmove Swings are smaller while the upward moves happen very fast. Like someone is protecting the Euro.

btw: TAH what happened to your former EU short? I think you added at least one time. Have you closed this huge position? I am assuming that you did so because you are talking about "re-entry" now.

Thanks
Still running. I will certainly post the conclusion. This entry adds to it and makes an average EP of 1.3504. I might add to this if it goes back up a nice amount. Only one other trade running now....EJ with EP average of 109.10....and will update on conclusion of that one, also.
  • #17,023
  • Jan 25, 2011 6:35am Jan 25, 2011 6:35am
EJ:

Entered here at 112.30, to add to existing short trade. New EP average 109.90. No SL....might add again if US traders push it real nicely. Nearest TP would obviously be my average EP, but might let it run.

EU and EJ shorts are the only trades I have running currently.
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  • #17,024
  • Jan 25, 2011 6:35am Jan 25, 2011 6:35am
Hi guys i do believe that there is EU long setup forming..
Becouse of: Volume when price was droppinī, PA is over 200MA, Wave has been formed...

EJ is the same example...
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Lose small, WIN BIG..
  • #17,025
  • Jan 25, 2011 6:44am Jan 25, 2011 6:44am
two short pending order, one in EU and the other one in EJ. Waiting for complete Sonic R condition.
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"Don't pretend that things will change, if you always do the same" A.E.
  • #17,026
  • Jan 25, 2011 6:49am Jan 25, 2011 6:49am
Quoting Pmg.g
Hi guys i do believe that there is EU long setup forming..
Becouse of: Volume when price was droppinī, PA is over 200MA, Wave has been formed...

EJ is the same example...
I am going to disagree as a way of signalling caution about this.

If you expect a good upwave, you'd expect to see rising volume in the boxed area of the volume study. This is the swing down in PA before leg 3 up. There isn't any!
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  • #17,027
  • Jan 25, 2011 6:53am Jan 25, 2011 6:53am
Quoting traderathome
I am going to disagree as a way of signalling caution about this.

If you expect a good upwave, you'd expect to see rising volume in the boxed area of the volume study. This is the swing down in PA before leg 3 up. There isn't any!
Thanks TAH...now I see it...as the price is dropping down
Lose small, WIN BIG..
  • #17,028
  • Jan 25, 2011 6:59am Jan 25, 2011 6:59am
We have "last minute" runs in favor of the Dollar. I don't know if this means PA will continue like that after the US open or not. It could be the US PPMs will be pissed, and jack the prices in reverse for a bit before the new trend resumes. And, it could be the euro PPMs are BANKING ON IT.....they'd get to wack the pairs again, too!

....should be interesting....up? Down? Down then up, then DOWN?
  • #17,029
  • Jan 25, 2011 7:12am Jan 25, 2011 7:12am
Quoting Pmg.g
Hi guys i do believe that there is EU long setup forming..
Becouse of: Volume when price was droppinī, PA is over 200MA, Wave has been formed...

EJ is the same example...
Just by looking at the PA, no need to complicate your lot with the volume study. Only when this occurs in the low / hight after a strong trend, just looking for a possible reversal and change of trend.

You can see in the picture below that the price mets resistance forming a triple top. That would be enough at least not go long at the moment.

Just my opinion.
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"Being picky only cost your time - not MONEY"...Hans
  • #17,030
  • Edited 7:55am Jan 25, 2011 7:28am | Edited 7:55am
UChf:

While dollar strength is mostly across the board, you can see the PPMs are doing a real number on this one......spiking it hard AGAINST the dollar. This might be preparations for a nice move back up. Could be worth stalking. The H4 candle has less than a half hour to go. If price pulls up, it could leave the print of a pin bar. In any case, PA went down to an SR area and has gone no lower so far, so it could become a bounce.
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  • #17,031
  • Jan 25, 2011 8:08am Jan 25, 2011 8:08am
UChf:

This is how I see it. I am set to go on it, if PA will co-operate. If it does, I think I will actually set a SL on this one! ........

.......('cause it won't be needed!)
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  • #17,032
  • Jan 25, 2011 8:17am Jan 25, 2011 8:17am
USD High Impact Release Coming:

In about 45 miniutes we get news. Looks like PPMs are holding the line until then....giving themselves max time to load before firing.....consolidation time.
  • #17,033
  • Jan 25, 2011 9:53am Jan 25, 2011 9:53am
Quoting nando_rich
Just by looking at the PA, no need to complicate your lot with the volume study. Only when this occurs in the low / hight after a strong trend, just looking for a possible reversal and change of trend.

You can see in the picture below that the price mets resistance forming a triple top. That would be enough at least not go long at the moment.

Just my opinion.
But now it seems like I was a bit right with the volume guys... Price is now somewhere around R (it was your good point Nando)...but never forget to look at such strong volume when the price is moving fast (thats what you and TAH have learned me here in past few weeks)....
But once again,...guys thank you for your work here! We are all glad for it!
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Lose small, WIN BIG..
  • #17,034
  • Jan 25, 2011 10:24am Jan 25, 2011 10:24am
Quoting Pmg.g
But now it seems like I was a bit right with the volume guys... Price is now somewhere around R (it was your good point Nando)...but never forget to look at such strong volume when the price is moving fast (thats what you and TAH have learned me here in past few weeks)....
But once again,...guys thank you for your work here! We are all glad for it!
Yes, I also was wathing the volume in Up and Down movements, but I was going crazy, just prefer to concentrate on the PA, S & R, Dragon and the volume on the swings, as indicated Basber and TAH in the next post:
By Basber...
http://www.forexfactory.com/showpost...ostcount=16938
http://www.forexfactory.com/showpost...ostcount=11860

By TAH...
http://www.forexfactory.com/showpost...ostcount=16987

On the other hand, if I had taken that trade would have gone out in the resistance level (+40pips) or i'd have moved my SL to BE, but as I said, it would have been risky for my taste.

Just my opinion. I'm newbie, like you.

BTW, did you take this trade?

Regards.
Attached Image (click to enlarge)
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"Being picky only cost your time - not MONEY"...Hans
  • #17,035
  • Jan 25, 2011 10:28am Jan 25, 2011 10:28am
Quoting nando_rich
Yes, I also was wathing the volume in Up and Down movements, but I was going crazy, just prefer to concentrate on the PA, S & R, Dragon and the volume on the swings, as indicated Basber and TAH in the next post:
By Basber...
http://www.forexfactory.com/showpost...ostcount=16938
http://www.forexfactory.com/showpost...ostcount=11860

By TAH...
http://www.forexfactory.com/showpost...ostcount=16987

On the other hand, if I had taken that trade would have gone faster on the roof...
Unf. i didnīt... just on my demo account. But for real not. I was kinda scared...
The trade i did take was AUDUSD SELL...itīs still runninī and Iīm 45pips +
Lose small, WIN BIG..
  • #17,036
  • Jan 25, 2011 10:31am Jan 25, 2011 10:31am
Are the Dogs Try To Make Head and Shoulder ? its ugly !! i cant see the wave
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SonY, Gold Is Every Where Gold, but Human Not Gold..
  • #17,037
  • Jan 25, 2011 10:33am Jan 25, 2011 10:33am
Quoting Pmg.g
Unf. i didnīt... just on my demo account. But for real not. I was kinda scared...
The trade i did take was AUDUSD SELL...itīs still runninī and Iīm 45pips +
It was a perfect reentry setup. And anoher volume on swing example.

Congrats!!!
Attached Image (click to enlarge)
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"Being picky only cost your time - not MONEY"...Hans
  • #17,038
  • Jan 25, 2011 11:05am Jan 25, 2011 11:05am
Quoting nando_rich
It was a perfect reentry setup. And anoher volume on swing example.

Congrats!!!
Thanks (but Iīve found wave a bit earlier then youīve marked it),,,Last few weeks I consider AUDUSD as a best pair for SonicR trading )
Lose small, WIN BIG..
  • #17,039
  • Edited 10:06pm Jan 25, 2011 11:17am | Edited 10:06pm
EU Buy ??

Edit : SL @ +3 Pips Now..
Edit : Stop @ +49 Pips
Attached Image (click to enlarge)
Click to Enlarge Name: eu-2601110009.gif Size: 158 KB
SonY, Gold Is Every Where Gold, but Human Not Gold..
  • #17,040
  • Edited 2:43pm Jan 25, 2011 2:32pm | Edited 2:43pm
EJ and EU:

Both pairs saw strong selloff bars in the early London session today, and there is no denying that. It is the first recent sign that the propping up of the euro might now be faltering......some of the rats started to abondon ship. However, US PPMs felt they too had the right to engage in selling off from the highs. They promptly restored the prices to their highs and sold off also. There is no denying these stong selloff bars in the US session, either. And, not to be outdone by the Brits, the US PPMs have engaged in restoring the pricing again. Another round of selling is coming.

The more times the asian, euro or US PPMs restore the pricing of these two pairs, the more time they all have to sandbag for a substantial run down. Pesonally, I believe that is exactly what is happening. But, it matters not to SonicR trading. SonicR will always find trades in both directions, regardless of longer trend, due to swings in pricing.

Today, both pairs provided long trade setups. Neither was good for substantial pips. And that too, might be a sign of weakening of the uptrend. I have provided H1 charts for these pairs. The current moves back up set these pairs up for another round of selling, which could start again tomorrow, and which could break these pairs loose from their highs.
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