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Sonic R. System

  • #8,161
  • Dec 3, 2009 6:17pm Dec 3, 2009 6:17pm
GU: Now, I wonder if this might next move up again. I am watching for how the M15 sets up.
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  • #8,162
  • Edited 6:49pm Dec 3, 2009 6:36pm | Edited 6:49pm
Quoting traderathome
ddaytrader, this looks like a SonicR trade we just missed and now have to wait for a re-entry signal....except it is on H4 and not M15! Yeah, it sure makes me wonder if this is starting a trend up.

Hi TAH,

I just entered this SonicR short. I like what you are seeing, but take a look at where that big pipin' rally ended - right at resistance at the 11/23/2009 high!

So, after playing with me for two days for a total profit of +3.5 pips, I am looking forward to some EUR selling and Yen buying to get me on the + side for real.
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  • #8,163
  • Dec 3, 2009 6:49pm Dec 3, 2009 6:49pm
Quoting ddaytrader
Hi TAH,
I just entered this SonicR short. I like what you are seeing, but take a look at where that big pipin' rally ended - right at resistance at the 11/23/2009 high!
So, after playing with for two days for a total profit of +3.5 pips, I am looking forward to some EUR selling and Yen buying to get me on the + side for real.
I'm with you on this one,
I hope to see that upward sloping trendline to be broken also
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cut losses short, let profits run.
  • #8,164
  • Dec 3, 2009 6:52pm Dec 3, 2009 6:52pm
Quoting Domas4
I'm with you on this one,
I hope to see that upward sloping trendline to be broken also
You and I are on the same Sonic page, Domas. When I saw where that high came in, and then when saw that price could not muster much of a rally off of the SonicR re-entry, I went into SonicStalker mode and waited for this break.

My stop is now at break even. So it is up to the market to decide.
  • #8,165
  • Dec 3, 2009 9:11pm Dec 3, 2009 9:11pm
Quoting ddaytrader
You and I are on the same Sonic page, Domas. When I saw where that high came in, and then when saw that price could not muster much of a rally off of the SonicR re-entry, I went into SonicStalker mode and waited for this break.

My stop is now at break even. So it is up to the market to decide.
ddaytrade and domas4, be careful. Analysis of trade volume, which is showing heaviest at lowest prices, would indicate sneaky loading up for a pump......, leastwise that is how I am seeing it.

Look at Day chart....highest trade count in quite a while, and when price hit lowest in quite a while. Price could be driven now back to top of range. Not immediately, but in the upsy/downsy way that makes the big boys money.
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  • #8,166
  • Dec 3, 2009 9:58pm Dec 3, 2009 9:58pm
Blacat2

Here is the continuation from the GBP/USD chart yesterday.

I am sure you can see how these fibo lines were support for price until they were violated and then became the ceiling to prevent price from rising above them on the downtrend.


These fibos show us clear support and resistance areas which can be used to both enter and exit a trade.

Hope this makes things clearer.
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Starting to see instead of just looking.
  • #8,167
  • Dec 4, 2009 12:01am Dec 4, 2009 12:01am
EJ: Again, it looks like heaviest trading activity at the lows!
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  • #8,168
  • Edited 1:54am Dec 4, 2009 1:43am | Edited 1:54am
Looks like we have an EJ long setup forming.

Revised my TP
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Starting to see instead of just looking.
  • #8,169
  • Dec 4, 2009 2:52am Dec 4, 2009 2:52am
Haven't given up on EJ Long yet.

H1-H4 trend up, not much volume even after the lower SHI channel broke & we still have a Higher Low in play.

Are the Big Boys lowering it for a Long?
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Starting to see instead of just looking.
  • #8,170
  • Dec 4, 2009 4:31am Dec 4, 2009 4:31am
Quoting traderathome
EJ: Again, it looks like heaviest trading activity at the lows!

Just noticed your post about EJ T.

I must be on the same page as you with this one, I still consider it a valid Long till I see a lower low. Volume is starting pick up.

I think we are off!
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Starting to see instead of just looking.
  • #8,171
  • Dec 4, 2009 4:44am Dec 4, 2009 4:44am
EJ just broke the 133 mark. Come on BaaaaaaaaabY!
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Starting to see instead of just looking.
  • #8,172
  • Dec 4, 2009 4:54am Dec 4, 2009 4:54am
gdmorning guyz
FxHome
  • #8,173
  • Dec 4, 2009 5:50am Dec 4, 2009 5:50am
i m side way today bcoz of heavy news and friday also dont wanna loss my profit start of the months .......
FxHome
  • #8,174
  • Edited 6:20am Dec 4, 2009 6:01am | Edited 6:20am
Quoting Rastaman
EJ just broke the 133 mark. Come on BaaaaaaaaabY!
Yes, and this is the way I see it right now.... It now shows three successive sets of higher lows/higher highs, so it should be near a breakout. And these are finely developed WAVES. I am sure ddaytrader would agree with that.

Edit: For Tps I have used the FE tool to measure the previous WAVE up and then applied it to the bottom of this current leg up. Tps then are at 162% and 212% levels. If greedy, then 262%, but I am not that adventurous with this one right now. No pivots needed for this kind of trading, when the WAVES are so nice. (imho)
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  • #8,175
  • Dec 4, 2009 6:08am Dec 4, 2009 6:08am
Quoting traderathome
Yes, and this is the way I see it right now....
I have no comment on ur trade..but SL seems too close...

Especially when u r taking a trade on the day of NFP...


Sonic
  • #8,176
  • Dec 4, 2009 6:15am Dec 4, 2009 6:15am
Quoting sonicdeejay
I have no comment on ur trade..but SL seems too close...

Especially when u r taking a trade on the day of NFP...


Sonic

My sl is probably too low.

What is with the low volume and price rising so much?
Is this a warning sign?
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Starting to see instead of just looking.
  • #8,177
  • Dec 4, 2009 6:23am Dec 4, 2009 6:23am
Quoting sonicdeejay
I have no comment on ur trade..but SL seems too close...

Especially when u r taking a trade on the day of NFP...


Sonic
I appreciate your comments, Sonic. Keep them coming. You are right, and I am moving SL down below lowest low.
  • #8,178
  • Dec 4, 2009 6:33am Dec 4, 2009 6:33am
Quoting traderathome
I appreciate your comments, Sonic. Keep them coming. You are right, and I am moving SL down below lowest low.
My SL is at 132.62

You think it should be at 132.50?
Starting to see instead of just looking.
  • #8,179
  • Dec 4, 2009 6:35am Dec 4, 2009 6:35am
I am lounging and watching the NFP show…

http://img.dailymail.co.uk/i/pix/200...03_468x557.jpg

Sonic
  • #8,180
  • Dec 4, 2009 6:58am Dec 4, 2009 6:58am


Quoting sonicdeejay
I am lounging and watching the NFP show…

http://img.dailymail.co.uk/i/pix/200...03_468x557.jpg

Sonic
"The person who knows that enough is enough, will always have enough". .
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