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Sonic R. System

  • #6,501
  • Sep 28, 2009 1:48pm Sep 28, 2009 1:48pm
Quoting traderathome
Please note that I said "potential setup", not setup. There is no setup unless PA achieves the Ep area AFTER doing the prerequisites. In this case, we still do not have a setup. Potentially, we might have. But not now, and not then.
Traderathome I m not trying to say you are wrong. I am just asking how you came to your short conclusion. Insights, I am asking for insight.
  • #6,502
  • Sep 28, 2009 2:25pm Sep 28, 2009 2:25pm
Basber, ZZ thanks for your insight, guys!
  • #6,503
  • Sep 28, 2009 4:48pm Sep 28, 2009 4:48pm
EU: Still has not set up for SonicR, but attached is how I am seeing it currently. If entry is made, my thinking is a near term Tp at S1. These traders may take it down, but the Frankfurt Open and London Open traders may want a higher entry too, if this is to drop well. So, after a near term Tp, maybe PA will be pumped again before another drop. A near term Tp, if positioned correctly, could enable small profit on a short trade, then watch PA rise, and re-enter higher for another run down. How this may actually go, is anybody's guess.
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  • #6,504
  • Sep 28, 2009 7:05pm Sep 28, 2009 7:05pm
SL @ -20 Right Now, Good Night People.

P.S. : I'll Trail My SL Manually, I Set Alarm That Woke Me Up When My Desired Levels Reaches To Change My SL, I'm Managing To TP @ 90.90 Right Now.

Regards,
Basber
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Trading methods are designed to put the odds in our favor, not predicting.
  • #6,505
  • Edited 8:41pm Sep 28, 2009 8:23pm | Edited 8:41pm
Quoting traderathome
EU: Still has not set up for SonicR, but attached is how I am seeing it currently. If entry is made, my thinking is a near term Tp at S1. These traders may take it down, but the Frankfurt Open and London Open traders may want a higher entry too, if this is to drop well. So, after a near term Tp, maybe PA will be pumped again before another drop. A near term Tp, if positioned correctly, could enable small profit on a short trade, then watch PA rise, and re-enter higher for another run down. How this may actually go, is anybody's guess.
PA now at Ep..... If entry is made this early in asian session, remember that FO and LO may want to bring it back up for themselves to short at higher prices. That is why Tp1 maybe should not be far from Ep....and reasess as PA progresses.
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  • #6,506
  • Sep 28, 2009 8:32pm Sep 28, 2009 8:32pm
Quoting vicky_ag
Traderathome I m not trying to say you are wrong. I am just asking how you came to your short conclusion. Insights, I am asking for insight.
I am just following the WAVE action, and in accord with Sonic's first dozen or so posts.
  • #6,507
  • Sep 29, 2009 2:43am Sep 29, 2009 2:43am
New pivot indicators are now available to replace SDX-TzPivots.

http://www.forexfactory.com/showpost...ostcount=13604
  • #6,508
  • Edited 5:38am Sep 29, 2009 2:53am | Edited 5:38am
EU: Finally we have PA thru the Ep.....
Edit: Tp1 reached.....
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  • #6,509
  • Sep 29, 2009 3:29am Sep 29, 2009 3:29am
Quoting Basber
SL @ -20 Right Now, Good Night People.

P.S. : I'll Trail My SL Manually, I Set Alarm That Woke Me Up When My Desired Levels Reaches To Change My SL, I'm Managing To TP @ 90.90 Right Now.

Regards,
Basber
1/3 Of The Trade Closed At +40
2/3 Of The Trade Closed At +10

Average Of +20 Pips For Full Position.

Regards,
Basber
Trading methods are designed to put the odds in our favor, not predicting.
  • #6,510
  • Sep 29, 2009 4:31am Sep 29, 2009 4:31am
Hi Sonikers,

Remember this is the week before non farm payroll so most of the pairs might be ranging so be very careful how you trade this week.

Regards
Lmarti21
  • #6,511
  • Sep 29, 2009 5:59am Sep 29, 2009 5:59am
Quoting traderathome
New pivot indicators are now available to replace SDX-TzPivots.

http://www.forexfactory.com/showpost...ostcount=13604
traderathome, can you post the source code?
  • #6,512
  • Sep 29, 2009 6:24am Sep 29, 2009 6:24am
Quoting traderathome
EU: Finally we have PA thru the Ep.....
Edit: Tp1 reached.....
Hi TAH,

Great example of "planning your trade and trading your plan." Price action clearly showed hours upon hours ahead of time the pricer level below which you would want to be short, your stop loss level, and your take profit levels.

Your series of EU charts leading up to that trade is a great share!
  • #6,513
  • Sep 29, 2009 12:15pm Sep 29, 2009 12:15pm
GU:

This week started with a retrace after a major fall on previous one.

4H TH shows that price retraced to 23 fib lvl which coincides with monthly S2 lvl. I have an inside bar on my broker there forming on there as well (marked with rectangle).

I'm expecting pound to drop more as it has to complete that big H&S model we discussed previous week.

If you look at the 15M TF we see a bounce of the SHI channel and a nice H-L-LH forming.

With all that said this could be a potential set-up for short. Lets see what market will do.

As usual, I'm waiting for your comments on this, guys.

Thank you!
snu.
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  • #6,514
  • Sep 29, 2009 1:02pm Sep 29, 2009 1:02pm
side track abit, not a sonic setup, just to share.

hope u guys dun mind

plus 80 and 100 pips trades

feel free to comment
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trade safe
  • #6,515
  • Sep 29, 2009 4:41pm Sep 29, 2009 4:41pm
EU: I set a near term Tp1 believing it quite possible PA, if it went down, might also be then pumped back up. This is all in the belief PA is scheduled for a major move down (dollar strength against euro) in the future. So, the big guns are not letting it drop without numerous large pullbacks upwards.....giving them opportunity after opportunity to sell, and sell short, all the while providing support for the price which keeps it from dropping too far, too fast.

Now that PA is back to the 89 ema, this may be time to be on the watch for yet another short trade setup.....
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  • #6,516
  • Edited 2:53am Sep 30, 2009 12:06am | Edited 2:53am
EU M15: PA has been retreating on the previous move down, almost 100% retrace, which it could become since we have yet to come the FO, LO and USO. If PA continues up a bit more, then it is possible if it starts a run down, we will not have a SonicR setup.....PA may not break down thru Dragon, retrace to-into, or thru it, and then come back down on the start of the run down. And the last close below the Dragon is quite a ways below current PA! In this case, if later the PA looks to be starting down and drops thru the Dragon, if there is confidence in the short trade, an "early" entry may be better than waiting for the PA to drop 50-100 pips to SonicR entry area.
Edit: Add second chart....nice pin bar at top of PA.
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  • #6,517
  • Sep 30, 2009 3:23am Sep 30, 2009 3:23am
My Pending Order :
EP : 1.0352 ( Buy Order )
SL : 1.0320
TP : 1.0390

Regards,
Basber
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Trading methods are designed to put the odds in our favor, not predicting.
  • #6,518
  • Sep 30, 2009 3:35am Sep 30, 2009 3:35am
Quoting Basber
My Pending Order :
EP : 1.0352 ( Buy Order )
SL : 1.0320
TP : 1.0390

Regards,
Basber
we are seeing the same thing
trade safe
  • #6,519
  • Edited 4:34am Sep 30, 2009 3:55am | Edited 4:34am
Quoting traderathome
EU M15: PA has been retreating on the previous move down, almost 100% retrace, which it could become since we have yet to come the FO, LO and USO. If PA continues up a bit more, then it is possible if it starts a run down, we will not have a SonicR setup.....PA may not break down thru Dragon, retrace to-into, or thru it, and then come back down on the start of the run down. And the last close below the Dragon is quite a ways below current PA! In this case, if later the PA looks to be starting down and drops thru the Dragon, if there is confidence...
The question of Ep has been resolved. PA dropped below Dragon to area of 89 ema and now is on a "pump to dump" ride north. Question is how high and will the US open traders join in on the pump, or will it be high enough by then for them to just get on the train to "downtown." This could be a long trade setup nearing Ep as I write, but I see the longer term trend as down.

Edit: Add second chart (H1) to show down trend. Notice after PA highs, PA oscillated down thru 89 ema, then made multiple upward hits on 89 ema. And notice that on each of these subsequent upward thrusts to the 89 ema, how the Dragon is farther and farther below the 89 ema. So, not only is everything cycling/moving downwards, but the upward PA thrusts are becoming more and more contrary to even the shorter Dragon 34 ema than the 89 ema! Are the Big Guns getting more and more desperate for upward thrusts to unload their longs and take on shorts....to the point of making them more and more out of sync with everything else?!! PUMP N' DUMP! ...... LAUNCH & LIQUIDATE! .....BARF! (Bump n' Run, F___kers!) Ops, pardon the language....but do you know that BARF is well known on Wall Street.....they call it BAR because it refers to themselves, and they don't want to be know for what they are. Hey, even as I write this, they are ramming it northwards!
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  • #6,520
  • Sep 30, 2009 4:48am Sep 30, 2009 4:48am
Yep, they move PA just to make money.....nothing to do with what the currencies are worth!
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