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Sonic R. System

  • #9,841
  • Feb 10, 2010 3:10pm Feb 10, 2010 3:10pm
My latest release of the cignus_lot_optimizer :thanks TAH !
It's not yet the final version, got lot more to do and I have to comment the code... But it's fully usefull now.
Attached File(s)
File Type: mq4 Cignus_Lot_Optimizer_v2.2.mq4   19 KB | 528 downloads
  • #9,842
  • Edited 4:39pm Feb 10, 2010 4:26pm | Edited 4:39pm
GU Asian Session Trade:

Not looking for much here, 20-40 pip only, just to the upper region of the lower half of the overall range. This move would be considered a pullback on the nice run down yesterday. You can see a familiar pattern in black. I am only looking for it to complete (because then it may 50% retrace or reverse). EP blue, TP green (and any extra will be in the tan band) and SL red. PA might make it only to around the 89 ema.

Let the market decide. SonicR and forward.

Edit: That was fast. Target reached and trade closed (second chart).
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  • #9,843
  • Feb 10, 2010 6:35pm Feb 10, 2010 6:35pm
GU Outlook:

H4 downtrend will not continue forever. There is a sign that it may be coming to an end. PA has been bouncing off the blue TL, three bounces, then a breach/recover/retest/bounce again. Recent PA fits what could become a "W" pattern (red lines), ultimately reversing the trend down. Thinking along those lines, PA likely will range down/up creating a more prominent right side base for the "W". Trading today may be downside trading, but that is just a guess from looking at this H4 chart. I'd be looking for another hit and bounce off this TL, possibly the signal that the reversal is starting.

This is all speculation based on this H4 chart. What we trade is what we see on the M15.

SonicR and forward!
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  • #9,844
  • Feb 10, 2010 7:56pm Feb 10, 2010 7:56pm
Quoting traderathome
Yeah, about 30 pips....if you did everything exactly right and at the extremes. But wait 'til you see the run down!

Edit: Houston, ah........we have LIFTOFF! .......er.........LIFTDDOWN? Houston....?
Nice trade buddy...
It was a big swing down...

Sonic
  • #9,845
  • Feb 10, 2010 11:40pm Feb 10, 2010 11:40pm
Quoting traderathome
GU Outlook:

H4 downtrend will not continue forever. There is a sign that it may be coming to an end. PA has been bouncing off the blue TL, three bounces, then a breach/recover/retest/bounce again. Recent PA fits what could become a "W" pattern (red lines), ultimately reversing the trend down. Thinking along those lines, PA likely will range down/up creating a more prominent right side base for the "W". Trading today may be downside trading, but that is just a guess from looking at this H4 chart. I'd be looking for another hit and bounce off...
So, along these lines I have taken a short trade with a target that aligns with the right side bottom of the aforesaid "W", where it would again "bounce" off the TL. My entry was, alas, about 14 pips higher than true SonicR shown by the blue rectangle.
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  • #9,846
  • Edited 12:46am Feb 11, 2010 12:24am | Edited 12:46am
TAH

What are your thoughts on EU.


I was kind of bearish this morning yet I am leaning more towards the bullish side, right now.

Sort of has that Bullish kind of smell about it, also the PB on the daily is sitting right on the weekly pivot.

EDIT: As soon as I posted this PA hit the 89 EMA.

The plot thickens.

Seems to have bounced off of the 50 fibo and is testing the former resistance area and has found support there.

Also on H4, it looks more like a pullback on the way up rather than on the way down.

EU seems to be a little confused right now.
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Starting to see instead of just looking.
  • #9,847
  • Edited 12:52am Feb 11, 2010 12:32am | Edited 12:52am
Quoting Rastaman
TAH

What are your thoughts on EU.


I was kind of bearish this morning yet I am leaning more towards the bullish side, right now.

Sort of has that Bullish kind of smell about it, also the PB on the daily is sitting right on the weekly pivot.

EDIT: As soon as I posted this PA hit the 89 EMA.

The plot thickens.
I was away. Came back and saw your question. My 30 second response is per attached chart. And it is probably influenced by what I think is going to happen on the GU. I really have not pondered on it though.

Edit: Added second chart. If this is what is to happen (speculation only) then the big guns have a great opportunity. To complete the bottom right base of the "W" they will break down thru the upwards blue TL.....and everybody else will be going short while THEY go long!!! Then when they complete loading up long (at the next hit on the blue downwards TL, they will give 'er the grand sendoff upwards!!
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  • #9,848
  • Feb 11, 2010 12:43am Feb 11, 2010 12:43am
Quoting traderathome
I was away. Came back and saw your question. My 30 second response is per attached chart. And it is probably influenced by what I think is going to happen on the GU. I really have not pondered on it though.

Thanks T
As always, greatly appreciated.

Wonder if Basber has changed his mind also, he was also leaning towards the Bearish side earlier today?


Oh, here he is....Let's hear it Basber.
Starting to see instead of just looking.
  • #9,849
  • Feb 11, 2010 1:02am Feb 11, 2010 1:02am
Gu Short Trade (cont'd):

I took 60% off just below the 162% FE level. They could keep driving it down, so I did not completely close out. There is the possibility they will relax a bit now, even do a pull back so it will still be up their for the US open (they all have to be considerate of one another, you know). And this way they can all enjoy the last bit of ride down together. If the US "family" still feels a bit disadvantaged, then when their "across the bond brothers" close down, the US can do a bit of whipsawing to make up for it.

If there is a nice pullup before US open, I will add the rest back on.
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  • #9,850
  • Feb 11, 2010 1:12am Feb 11, 2010 1:12am
Quoting Rastaman
Thanks T
As always, greatly appreciated.

Wonder if Basber has changed his mind also, he was also leaning towards the Bearish side earlier today?


Oh, here he is....Let's hear it Basber.
Hi

Price Seems To Respect 50% Fibo Level Of The Last Bearish Move. I'm Still Bearish With This Pair Until It Breaks The 61.8% Of Fibo And That's Where Is Seek For Good Long Entries. And If It Retests The 61.8% And Then Starts To Go Long, I'll Increase My Risk On That Trade.

For Now, Specially When It Acts At 50% And 1.3800 PPZ Like It Does, I'm Bearish With This. By The Way, I'll Take a Good Long Setups, But With Very Tight TP. For Example I Had a Buy Yesterday With 25 Pip TP.

Anyway, At The Bottom Of The Range, It May Reverse, Because Price Seems To Be More Bullish In This Corrective Wave Than The Previous Ones (White Lines), So If Price Broke Down The 1.3600 PPZ, I'll Surely Wait For a Good Retest, Then Go Short. But Honestly I'm Looking For a Double Bottoms Forming Here.

Regards,
Basber
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Trading methods are designed to put the odds in our favor, not predicting.
  • #9,851
  • Feb 11, 2010 1:15am Feb 11, 2010 1:15am
GU Short Trade Closed (temporarily):

I just got the feeling that a 100 pip run was enough. And I made the better part of it, so I closed balance at the 200% FE level. I have a suspicion there will be a pull back upwards preceeding US open. If this happens, I can re-enter short. If not, and it suddenly spikes the rest of the way down, well, I had a very successful short trade and I can start looking for a long trade setup.
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  • #9,852
  • Feb 11, 2010 1:34am Feb 11, 2010 1:34am
Thanks for that in DEPTH explanation Basber, I shall ponder this very seriously.

And TAH, Way to go Man!
Starting to see instead of just looking.
  • #9,853
  • Edited 2:57am Feb 11, 2010 2:34am | Edited 2:57am
GU Short Trade (Back On):

Re-entered just above whole number during spike up. This was the pullup I wondered about happening before US Open. Price may wander sideways now until then, or maybe some more upside gains. I don't know. But I do expect this pull up, no matter how far it ends up going, may be consideration for the "US family". That is to say, they all get to participate in the run down that puts in the bottom. Of course, they will all be going long as they drive the price down to its final lows! (All speculation - not tradeable - but fun).

Anyway, this is my SonicR re-entry short, with my ultimate target still the 262% FE level, or thereabouts.
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  • #9,854
  • Feb 11, 2010 3:04am Feb 11, 2010 3:04am
this is my setup I'm already in, let's see...
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Patience is the key.
  • #9,855
  • Feb 11, 2010 3:20am Feb 11, 2010 3:20am
GU Short Trade New Setup:

For those maybe not in this trade, we may get a brand new setup. Forgetting all the speculation about double bottom "W"s for a minute, PA may pull up a bit, establishing current area as EP. And an average ATR could take PA to the 127% FE level. The 162% FE level is a bit of a range stretch, but it could happen. This is a different FE than in previous posts...don't confuse the levels. Here, both the 127% and 162% align nicely with pivots, too.
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  • #9,856
  • Feb 11, 2010 3:22am Feb 11, 2010 3:22am
There was no mistaking this setup, even though I had it pinned in the other direction.

Has that inverted N look to it.
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Starting to see instead of just looking.
  • #9,857
  • Edited 3:51am Feb 11, 2010 3:43am | Edited 3:51am
I´m in it as well. TP 3683
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"The future is already written in the past"
  • #9,858
  • Feb 11, 2010 3:49am Feb 11, 2010 3:49am
Quoting hansma
I´m in it as well. TP 3683
The 50 fibo seems to be holding after it tested it, if it breaks again and the weekly pivot does not hold I am going to get stopped out. Which is ok, as I already changed my tp and took 2/3 off the table already.I figured by doing this it is still a free trade even if my stop gets hit, without actually moving the stop to BE. This is just something I am working on.
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Starting to see instead of just looking.
  • #9,859
  • Feb 11, 2010 4:01am Feb 11, 2010 4:01am
GU Short Trade (cont'd):

Now THAT'S more like it! Excellent pullup....put PA back where they got it for the US family to run! When they whipsaw PA like this, you just gotta know something is up. (And they say there is no manipulation in the market....phooey!)
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  • #9,860
  • Feb 11, 2010 4:03am Feb 11, 2010 4:03am
Looks like this hammer that just closed on H1 is the cause.
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Starting to see instead of just looking.
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