Sonic R. System

GU: SonicR from last session and as it is now.

Carry on ...

EJ: FE 62 marks a good Ep South should it start to move that way, with Tp1 and Tp2 at the FE 100 and 162 levels. (imho as it currently looks)

You could be right, my friend. And, unfortunately, there is no telling for sure until it does the breakout. I am somewhat comforted by the D1 chart showing TL break and re-test and CCI negative since. But, of course, nothing can predict. And the big players can decide which way they want it and make it so, regardless of all technicals. You and I are still awaiting that big drop, remember?

EU and GU: Here is how I am interpreting what I see on their charts (only EU M15 chart attached). The yellow band marks the middle of a previous range. Last session last week the price dropped on high trading. Immediately afterwards the price was pumped back up somewhat and then it dropped even further on even higher trading. Then, in the remaining time of the session, on very low trading, the price was again moved back towards that banded area. There, in the bottom half of the original range, the price is consolidating.

So much for the chart(s). My interpretation is that the price was pumped on light trading at the end of last week's session back up into the original range, albeit the bottom half. And now the consolidation trading is being done under the auspices of another drop down out of that range....maybe a further drop than before.

Please understand this is speculation. It is my interpretation of what I see on the chart(s). But at any time the price can move in eilther direction. We trade what we see, even if it is not what we thought would happen.

Edit: Added second chart to help show the "range" mentioned above.

EU M15: We now have a candle that extends below the Dragon just a tiny bit, which brings the Ep South very close to the Dragon.....a good situation should the break be south. It improves the risk/reward ratio considerably without dropping the SL.

GU M15: The last movement above the Dragon was followed by a move out below the Dragon, which has moved Ep South very close to the Dragon. As with EU, a break south has a more attractive risk to reward ratio now without having to move the SL closer in.

Both GU and EU could break either way. Keeping that in mind, we trade what we see.

any comments

Yes. I have been waiting for the current 15 minute time frame to end. I want to see if the current candle closes above it's low. Then and only then is the low of the current candle valdidated as Ep south, and the next candle could come back down, and go lower, and represent entry opportunity. But if the current candle closes at its low and the next candle continues south, then the previous low out of the Dragon remains Ep South (previously posted).

Both EJ and GJ are moving the same. What I have stated applies to both.

Edit: Now, both EJ and GJ have Ep South real close to Dragon. So, along with EU and GU, moves south have good risk to reward ratios. The question is, which way will they break?

1) Not a SonicR EP

2) USD and Yen down, EUR and GBP up (at the moment)

Thank you TAH, you have been a great guidance so far. Mega respect!

GU M15: Posting out of boredom. We may have a Pump to Dump under way. There is the matter of this little Head Fake above the previous high.....up on low trading, higher trading at top, and followed by lower trading as price starts to drop. All signs point to PUMP 'N DUMP.

Shear speculation, of course. And they could easily pump it higher (FO/LO ?) before they start the dump (chart 2 - TL retest?)....that is IF this all is a Pump to Dump senario.

EJ M15: Look at the multiple failures at the TL. And Ep South is tucked up nice and close to the Dragon. This sure looks good for a short trade. Now, if the price movement will only accomodate........

wave watching

more wave watching

EU M15: Price movement has made Ep North. I am not taking it. I do not see trading interest behind the upward price move.

Guess what I'm watching. Right ... more waves

EU: Due to the new high and the extended (time wise) drift up, I have redrawn the FE per second chart and adjusted Tps accordingly. This has to be done each time a new high is made when setting up for a short trade. It could still go either way, however.

GJ M15: It looks to be on the verge of breaking south. But there is still much time before LO, so it could pull up and continue sideways ranging for a while.

hi! i read you almost every day
don't you think that friday there where an exaustion gap and now cable and EU will start a strong retracment?