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Sonic R. System

  • #9,741
  • Feb 4, 2010 7:29am Feb 4, 2010 7:29am
Quoting odges
I'll try to enter this setup, if price will brake daily pivot line then it's triggered..

i am with you in this trade from 90.65 !
  • #9,742
  • Feb 4, 2010 7:40am Feb 4, 2010 7:40am
DanPa,

I think you should put your sl on BE+, cause as we see there is a strong support on 90.49 and my previous TP might not be reached...
Patience is the key.
  • #9,743
  • Feb 4, 2010 10:43am Feb 4, 2010 10:43am
EJ Short trade Conclusion:

With over 60 hours of consolidation, including an extra opposite way "bump", I thought it might result in a big run.

........BUT, GEEZ!
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  • #9,744
  • Feb 4, 2010 10:49am Feb 4, 2010 10:49am
bravo TAH !!!
Patience is the key.
  • #9,745
  • Edited 11:35am Feb 4, 2010 10:54am | Edited 11:35am
EJ, Cup and Handle?:

Here is what I have been looking at and wondering about for a few days. A possible inverted Cup and Handle on the Monthly chart. It it is way early to make trading conjectures about this. But after this humongous run down today........

White line is base of cup, Purple line is where PA was when I spotted this. Blue line is rim of cup.

And the red line is where the formation would complete........! How does 3000+ pips sound?

But, we are talking many months for all this to gel. And it is just spectulation at this point. Nevertheless, it could be happening, and putting downside bias on this pair.

Edit: Maybe something like in added second chart. Something rooted in the strengthening of the Yen? Again, this is all just speculation. We trade what we see, not what we believe and not what we think might be happening. Let the market decide. SonicR and forward.
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  • #9,746
  • Feb 4, 2010 11:51pm Feb 4, 2010 11:51pm
While everything was dumped hard yesterday, the charts for the Yen pairs show the Dragon has leveled off and PA is running with it again.....more consolidation. Whereas EU and GU are still have a down angle about them.

This being the last session of the week, normally things might be winding down. But it is NFP Friday, which is a high impact release. So, maybe things are not fully wound down yet. However, yesterday was a HUGE impact day on the market and maybe has already stolen all the thunder that NFP might have had.

Well, the week ain't over, and the finish might be interesting....
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  • #9,747
  • Feb 5, 2010 12:41am Feb 5, 2010 12:41am
UJ Interesting Daily Chart:

Do we have an inverted H&S? Did the area where yesterday's run down stopped, help to validate the area of the right shoulder?
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  • #9,748
  • Feb 5, 2010 3:00am Feb 5, 2010 3:00am
Hi Guys,

I'm Back Really Missed You All

Regards,
Basber
Trading methods are designed to put the odds in our favor, not predicting.
  • #9,749
  • Feb 5, 2010 3:08am Feb 5, 2010 3:08am
Quoting Basber
Hi Guys,

I'm Back Really Missed You All

Regards,
Basber
Hi, Basber! How did it all go? It is ggrrreeeaaat to have you back!
  • #9,750
  • Feb 5, 2010 3:18am Feb 5, 2010 3:18am
EJ Long Trade Possibility:

I know everyone is waiting for NFP, a high impact release. And maybe trading should defer for half an hour or so afterwards. But keep an eye on this pair, as there has been heavy trading at the last lows....it may be northbound.
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  • #9,751
  • Feb 5, 2010 3:27am Feb 5, 2010 3:27am
Quoting traderathome
Hi, Basber! How did it all go? It is ggrrreeeaaat to have you back!

Hi TAH

It Went Well I Have This Exam In Two Weeks, But Now I Have More Free Time And I Could Log On More It's Ggggrrrrreeeeaat To Be With You Guys

Regards,
Basber
Trading methods are designed to put the odds in our favor, not predicting.
  • #9,752
  • Feb 5, 2010 3:34am Feb 5, 2010 3:34am
Quoting traderathome
Sonic, nice trade. Around 50 pips? Good post. Thanks again from all of us.
Well...I earned enough...


Sonic

Basber:: good to hsve u back...
  • #9,753
  • Feb 5, 2010 3:43am Feb 5, 2010 3:43am
I knew you would do well...Great stuff Basber.
Starting to see instead of just looking.
  • #9,754
  • Feb 5, 2010 3:43am Feb 5, 2010 3:43am
Quoting sonicdeejay
Basber:: good to hsve u back...
Thanks Sonic It's Good To Be Among You Guys

Regards,
Basber
Trading methods are designed to put the odds in our favor, not predicting.
  • #9,755
  • Feb 5, 2010 3:47am Feb 5, 2010 3:47am
Quoting Rastaman
I knew you would do well...Great stuff Basber.
Thanks Rastaman It's Good To Hear From You

Regards,
Basber
Trading methods are designed to put the odds in our favor, not predicting.
  • #9,756
  • Feb 5, 2010 4:47am Feb 5, 2010 4:47am
Quoting traderathome
UJ Interesting Daily Chart:

Do we have an inverted H&S? Did the area where yesterday's run down stopped, help to validate the area of the right shoulder?
I Agree With You. As I Showed In The Picture, There Could Be a Good Break In Red Circle, But I'll Wait For Retesting The Neckline/Trendline Then I'll Seek For Long Setups (In Blue Circle).

Regards,
Basber
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Trading methods are designed to put the odds in our favor, not predicting.
  • #9,757
  • Feb 5, 2010 6:15am Feb 5, 2010 6:15am
Hello Sonikers,

about UJ, on the 4H I drawed a broken bear flag (red circle).
With an inverted H&S in formation (see Basber post).

In my point of view, this two drawings are conflicting, so I am tempted to try a trade on both side
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  • #9,758
  • Edited 7:17am Feb 5, 2010 6:58am | Edited 7:17am
Quoting pipoca
Hello Sonikers,

about UJ, on the 4H I drawed a broken bear flag (red circle).
With an inverted H&S in formation (see Basber post).

In my point of view, this two drawings are conflicting, so I am tempted to try a trade on both side
Hi Pipoca,

I Usually Don't Trade Friday Noons (US Session), Because I've Seen Many Times That Price Made Crazy Moves When Market Wants To Close For Weekend, Specially When There Is an Important News Outcome Like NFP. If Outcome Number For NFP Is Worse Then Expected But Upper Than Previous Point, It Could Hit SLs For Both Long And Short Positions.

In Conclusion, I Don't Trade SonicR During Important News. But It's Just Me

P.S. : U/J : Price Is Making a Good Entry, But It's Not My Trading Time, So I'm Just Watching

Regards,
Basber
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Trading methods are designed to put the odds in our favor, not predicting.
  • #9,759
  • Feb 5, 2010 7:52am Feb 5, 2010 7:52am
Quoting Basber
Hi Pipoca,

I Usually Don't Trade Friday Noons (US Session), Because I've Seen Many Times That Price Made Crazy Moves When Market Wants To Close For Weekend, Specially When There Is an Important News Outcome Like NFP. If Outcome Number For NFP Is Worse Then Expected But Upper Than Previous Point, It Could Hit SLs For Both Long And Short Positions.
.....
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Trading methods are designed to put the odds in our favor, not predicting.
  • #9,760
  • Edited 12:44pm Feb 5, 2010 11:26am | Edited 12:44pm
EJ:

Throughout the ranging, the tallest candles have been bear candles. And now PA is moving in and out of the bottom of the range. In spite of the big drop yesterday, and the already high range today, this looks quite bearish. Maybe nothing more will happen today....NFP reaction is over (?), and it is Friday with only several more hours left in the session. But, still I wonder if another drop may be in the wings before the week ends.

Let the market decide.

Edit: Well, this is a good extra little run. Good for 70 pips and I'm out (was not a SonicR trade, well maybe a re-entry trade). It may go further, but I'm happy with it (second chart).
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