Sonic R. System

UJ Long Possibility:

Yesterday it first seemed inching towards a short, but the closer to FO the more it looked like a long trade possibility. Yeah, it went up, but only a head fake amount, and then plummeted.

Ok, so now it looks like a long trade possibility. PA is back to the proverbial 92.20s barrier and now we need a pullback to/into or thru Dragon to establish the current high area as Ep long area (first chart).

Edit: Well! THAT (second chart) certainly was a pullback to/into/thru and......... BEYOND! Relative trading activity is well increased in this 92.05 +/- 20 pips area. Considering H4 (third chart), this could be "accumulatiion" in preparation for a bounce up off of the S&R area (black line). But, it is speculation based only on my interpretation of the trade counts and the possibility that the professional asian session trading firms wanted the price back down so they too could go long at the lows of the prior session. PA could go either way, at any time. And, as we have just seen........FAST.

UJ: Bingo!

"....it is speculation based only on my interpretation of the trade counts and the possibility that the professional asian session trading firms wanted the price back down so they too could go long at the lows of the prior session...."

Ok, now we are AGAIN (arrg!!!!) back to the proverbial 92.20s area, give or take. PA is truely on one wild roller coaster ride.

UJ Long Trade: "AAaaaannnnnnnd.......THEY'ER OFF!"

Edit: Nope, just an over shoot from the price manipulation. "FALSE START.....Put the horses back in the gate......."

TP1

Nice trade you have going there!

UJ: Outta the gates.....again.

Edit: And again, false start! That's the trouble when the horses "owners" keep shooting them up with uppers and downers to control their mood. When it comes to starting a new race, the dang horses don't know which way is UP!

"Sorry, folks. Soon as we can round the horses up and put 'em back in the gates, we'll try to get this race off to a REAL start........"

U/J i think it was a false break up. something about china bond yield gains. it may turn out to be true.

UJ Long Trade Possibility:

This is only a setup....a possibility. It needs to breakout to be a trade. Chart 1 shows the overview. Chart 2 shows a closer view on how the FE was positioned. The FE 262 level looks like a nice target, but it is about 70 pips beyond the current trading ragne average.

Just remember this. Setups are like racing cars. It is not how good they look, but how well they run that counts.

Looks like UJ is gearing up to go up again..BUT only if it can break free the yellow region..first..


http://www.wheelosphere.org/wp-conte...10-F1-grid.jpg


Sonic

"Technical Analysis is no longer fallacy,and becomes so profitable when you use it with Proper Money Management".. Sonicdeejay

i like that statement

You're right! Trading activity seems to be picking up....

I woke this morning to review the overnight proceedings.
Not only do I find this thread informative but its entertaining too. I had a good laugh at TAHs commentary.

It's not possible for me to trade over the next few days but I'll be looking in on the thread when possible for the "wit and wisdom".

See you on Friday.

Pablo
edit: on UJwatch out for the pull up to the trendline to test Resistance, followed by a nice drop.

why is nobody talking about the eurusd and the gbpusd that ran 40 and 50 pips last night cos i was really profitable in it?......... or didnt you guys trade it?

It will be helpful for everyone's understanding if you can attached a chart showing what you did on the trade.

Yes i took it but had a trailing stop because i was in bed. I took 26.2 pips and now looking to re-enter the trade again

Try tading with Sonic R..
Dragons and wave...

Sonic

Could we see a nice sonic R on GBP/USD? Lets see what happens

Could we also see a setup forming on EUR/USD?

Juneman

SL seem to low?? and entry 1.6124 seem to be a significant resistance too...

Sonic

I just traded the eurusd setup and guess wat it was my first loss using the sonicr trading and am taking it with faith... I went long at 1.4511 and my stop loss was it at 1.4471........ I want to know if i did anything wrong or if is just a loosing trade....