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Sonic R. System

  • #1,381
  • Edited 8:08pm Jan 19, 2009 7:54pm | Edited 8:08pm
going south slowly ? price already reached support2 H1 channel line.
QQE : down
CCI : down
EMA's : down

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price touched median line on GU too
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  • #1,382
  • Jan 19, 2009 7:57pm Jan 19, 2009 7:57pm
Guys,

Check out cable on daily chart. Very nice H&S coming up.....
May the pips be with me !!!
  • #1,383
  • Jan 19, 2009 8:06pm Jan 19, 2009 8:06pm
Quoting cfp85
going south slowly ? price already reached support2 and lower than H1 channel line but ....

H1,H4 MACD, EMA : down
pitchfork lines : down
EMA bands : down
QQE : down
CCI : down
We are in the acclerated Selling....Any rebound will be short-lived...
Use re-entry rules to add position....

GU dropped -700 pips for 2days....
Sonic
  • #1,384
  • Jan 19, 2009 8:09pm Jan 19, 2009 8:09pm
Nice spot...Bro ahlude...
If the H&S hold true..We have potential of 1000 pips drops in GU in coming days,,,,
Unless OMama...do the sweet talk tonite...

Sonic
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  • #1,385
  • Jan 19, 2009 8:12pm Jan 19, 2009 8:12pm
so now we are waiting for the cci dot from green (blue with urs) to turn to red right ?
  • #1,386
  • Jan 19, 2009 8:16pm Jan 19, 2009 8:16pm
Here is the example of re-entry....SHORT::: Dots green/blue to Red...

Look at the attached pic...see the white rectangles...in Sonic CCI

White Line: re-entry point
Red: SL

SL must be relatively tight...No hard feeling...

Sonic
Attached Image
  • #1,387
  • Jan 19, 2009 8:20pm Jan 19, 2009 8:20pm
ahaa .. but might not take it if theres one now .. going to the vet.. will wait for asian and us session.. good luck all
  • #1,388
  • Jan 19, 2009 8:23pm Jan 19, 2009 8:23pm
Quoting cfp85
ahaa .. but might not take it if theres one now .. going to the vet.. will wait for asian and us session.. good luck all
Oh Ya... Kimono traders lossin pants now... Wait a while longer..till UK hours take shape...

Sonic
  • #1,389
  • Jan 19, 2009 11:11pm Jan 19, 2009 11:11pm
Quoting sonicdeejay
Oh Ya... Kimono traders lossin pants now... Wait a while longer..till UK hours take shape...

Sonic
... just got back .. so anyone enter short ? its a good 30-40pips now ..but looking weak now ..
  • #1,390
  • Jan 19, 2009 11:41pm Jan 19, 2009 11:41pm
looks like there'll be no entry for me today if the market keeps on moving like this. miss the train and didn't dare to re-enter. still haven't master the reentry technique. maybe there is no luck for me today.

but who knows, London and US might bring something to the market. i'm waiting at the sideline, watching the market moves. will surely put up charts if i see any opportunity or have some questions for you guys.

pip or no pip?
  • #1,391
  • Jan 19, 2009 11:42pm Jan 19, 2009 11:42pm
Quote
Not sure if should trade or not, as in EUR if should rise, then the EY and EU pairs should drop in prices rite??

I think I got it wrongly.... if EUR rise, the pairs should rise too right...

Now waiting for re-entry on the 5M TF.... if possible...
  • #1,392
  • Jan 19, 2009 11:56pm Jan 19, 2009 11:56pm
Quoting eternalrealm
I think I got it wrongly.... if EUR rise, the pairs should rise too right...

Now waiting for re-entry on the 5M TF.... if possible...

Normally... you are either Pro USD or Against USD...all the time...

If EUR/USD goes up...normally GBP/USD will goes up too...but the magnitude of the "going up" is different, depend on the stability of the pair...

Yesterday, RBS announced a whoppin lost of 62Bil... that make GBP fall bigger than EUR fall....against USD...

Hope it helps..
Sonic
  • #1,393
  • Jan 20, 2009 2:42am Jan 20, 2009 2:42am
Quoting sonicdeejay
We are in the acclerated Selling....Any rebound will be short-lived...
Use re-entry rules to add position....
I told cha...
Horray for those who add short again since 1.43xx...

Sonic
  • #1,394
  • Jan 20, 2009 2:57am Jan 20, 2009 2:57am
Quoting sonicdeejay
I told cha...
Horray for those who add short again since 1.43xx...

Sonic
Good stuff, bro. Shorted at 1.4488 and still holding; as i think this is a major crash of the cable.

Have a good one
Jeff
~*~You are only one trade away from humility~*~
  • #1,395
  • Jan 20, 2009 2:59am Jan 20, 2009 2:59am
I SOLD MY SHORT WHEN HIT THE SHI CHANNEL!!

Missed the ride..
  • #1,396
  • Jan 20, 2009 3:01am Jan 20, 2009 3:01am
Quoting eternalrealm
I SOLD MY SHORT WHEN HIT THE SHI CHANNEL!!

Missed the ride..

Eternal, absolutely nothing wrong to take the profit. There will be plenty of opportunities to short again. Wait for major intraday rebound now....
~*~You are only one trade away from humility~*~
  • #1,397
  • Jan 20, 2009 3:07am Jan 20, 2009 3:07am
Quoting eternalrealm
I SOLD MY SHORT WHEN HIT THE SHI CHANNEL!!

Missed the ride..
Agree with Jeff!!!
nothing "really" wrong with taking money of the table, into ur pocket...
Wait for the re-entry..do not rush...

Sonic
  • #1,398
  • Jan 20, 2009 3:13am Jan 20, 2009 3:13am
Quoting sonicdeejay
Agree with Jeff!!!
nothing "really" wrong with taking money of the table, into ur pocket...
Wait for the re-entry..do not rush...

Sonic

In fact, just in case you haven't noticed, you are improving as a trader to take actions instead of reacting all the time in the past. Don't forget the 2 little rules I told you about; keep that in mind, and you'll do just fine.
~*~You are only one trade away from humility~*~
  • #1,399
  • Jan 20, 2009 3:41am Jan 20, 2009 3:41am
I just don't want to see the run on the currency again....

"Jim Rogars said British Pound is finished" Bloomberg<dot>com

Sonic
  • #1,400
  • Jan 20, 2009 3:58am Jan 20, 2009 3:58am
zz... 1 short circuit come back trade hit stop loss =/ lucky stoploss is very near opening...
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