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Sonic R. System

  • #10,301
  • Feb 26, 2010 2:59am Feb 26, 2010 2:59am
Hm, I usually wait for the price to consolidate and form proper and clear
Highs and Lows. Check out how the length of the recent EUR/USD
consolidations, and compare with what we have now.

P.S should be spelled length, not lenght. My mistake
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cut losses short, let profits run.
  • #10,302
  • Feb 26, 2010 3:07am Feb 26, 2010 3:07am
Quoting Domas4
Hm, I usually wait for the price to consolidate and form proper and clear
Highs and Lows. Check out how the length of the recent EUR/USD
consolidations, and compare with what we have now.

P.S should be spelled length, not lenght. My mistake

That is an interesting way of looking at it Domas.

However, can you actually compare consolidation ranges like this when we have clear fresh PPZ above those areas of consolidation?
I am looking at the right shoulder of that large H&S pattern on the left.
Obviously, it was a successful PB or BEOB on higher TF
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  • #10,303
  • Feb 26, 2010 3:08am Feb 26, 2010 3:08am
I will take this one...

ep 121.02
sl 121.52
tp 119.90
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  • #10,304
  • Feb 26, 2010 3:11am Feb 26, 2010 3:11am
here is a better view!
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  • #10,305
  • Feb 26, 2010 3:16am Feb 26, 2010 3:16am
Quoting Rastaman
That is an interesting way of looking at it Domas.

However, can you actually compare consolidation ranges like this when we have clear PPZ above the areas marked?
I am looking at the right shoulder of that large H&S pattern on the left.
Obviously, it was a successful PB or BEOB on higher TF
PPZ = Pivot Point Zone? Well, I don't actually look for H&S or any patterns.
For me, it's either there is a trend or there isn't. For me the head would have
been a TP1 and the left shoulder would have been an entry level.
What's PB and BEOB?

You guys, check out the GBP/USD for possible setups, it looks like it's movin' :]
cut losses short, let profits run.
  • #10,306
  • Feb 26, 2010 3:16am Feb 26, 2010 3:16am
Quoting Domas4
Hm, I usually wait for the price to consolidate and form proper and clear
Highs and Lows. Check out how the length of the recent EUR/USD
consolidations, and compare with what we have now.

P.S should be spelled length, not lenght. My mistake
That is an interesting thought, Domas4. Taking it a step further, there is a fibonacci "event timer" called Time Zones, which portends to ID key future times when a next event may happen.....if you can figure out how to place the start points! Using your idea of watching for consolidation to take about the same time as previous consolidation, I see too much variance. But maybe I misunderstand.
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  • #10,307
  • Feb 26, 2010 3:19am Feb 26, 2010 3:19am
Yeah, GU looks good.

Edit

There again, this could just be a correction we are seeing.
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  • #10,308
  • Feb 26, 2010 3:22am Feb 26, 2010 3:22am
Quoting Rastaman
Yeah, GU looks good.
GU at 1.5304 is a 50% retrace on yesterday move. What if that is all it retaces?

Edit: (Second chart) A lot of trading suddenly in this price area. SHI Channel down. PA at channel! And CCI quite high now. Too high?
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  • #10,309
  • Feb 26, 2010 3:25am Feb 26, 2010 3:25am
GBP/USD

Have we missed this? Not sure, there are no S&R on higher timeframes. I did not take this.
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cut losses short, let profits run.
  • #10,310
  • Feb 26, 2010 3:29am Feb 26, 2010 3:29am
Quoting traderathome
That is an interesting thought, Domas4. Taking it a step further, there is a fibonacci "event timer" called Time Zones, which portends to ID key future times when a next event may happen.....if you can figure out how to place the start points! Using your idea of watching for consolidation to take about the same time as previous consolidation, I see too much variance. But maybe I misunderstand.
There would be no SonicR setup where you have the question mark.
Yea, sometimes the variance is big and the swings very wide, in this case
I stay away or look for the trend reversal. The consolidation must be
around the dragon.
cut losses short, let profits run.
  • #10,311
  • Feb 26, 2010 3:34am Feb 26, 2010 3:34am
Hope you were not in this GU trade Long or at least that you had a tight stop.
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  • #10,312
  • Feb 26, 2010 3:34am Feb 26, 2010 3:34am
Quoting Domas4
There would be no SonicR setup where you have the question mark.
Yea, sometimes the variance is big and the swings very wide, in this case
I stay away or look for the trend reversal. The consolidation must be
around the dragon.
Yes, agreed. That was why I put the "?" and line in......to show that consolidation time is not a constant. Nor, do I see, any evidence that time between events is a constant. So, I guess I do not understand what it is your are trying to point out.
  • #10,313
  • Feb 26, 2010 3:36am Feb 26, 2010 3:36am
Look at the MACD on EU, certainly not interested in going up.
We also have MACD div.
Smells like a fake out, with little volume involved.

If I was braver, I would start selling EU now.
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  • #10,314
  • Feb 26, 2010 3:43am Feb 26, 2010 3:43am
EU M15:

I was watching this move up, after seeing GU make the sudden reversal down, somewhat confused. Then I saw PA stop again at upper SHI Channel TL. As I placed "thumbs down" there, the TL suddenly shifted to a steeper angle down. As this was happening, I noticed the entire trip up to the TL on that candle was on misicule trading. A pump? And as I watched, more trading started to pour on while the price held the highs! This looks like a pump n' dump senario. Warning: Speculation!

SonicR - Let the market decide, and trade what it gives us.

Edit: Price still up there and the trading level is outstanding! Is this the "Sell high" part of "Buy low, sell high."?
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  • #10,315
  • Feb 26, 2010 3:43am Feb 26, 2010 3:43am
Quoting traderathome
Yes, agreed. That was why I put the "?" and line in......to show that consolidation time is not a constant. Nor, do I see, any evidence that time between events is a constant. So, I guess I do not understand what it is your are trying to point out.
Yes, it's not. But as I said, I prefer the price to spend some time consolidating
around the dragon, and if the resistance and support plays out with clear
HH,LH,HL,LL I start looking for the trade, because the move is comin' up.
I dunno, it works for me.

Secret P.S. The G/Us move was caused by GDP news, but it has not
formed any new lows... yet :] Those who are in the trade, I recommend
to stay until/if the SL get's hit.
cut losses short, let profits run.
  • #10,316
  • Feb 26, 2010 3:49am Feb 26, 2010 3:49am
Quoting Domas4
Yes, it's not. But as I said, I prefer the price to spend some time consolidating
around the dragon, and if the resistance and support plays out with clear
HH,LH,HL,LL I start looking for the trade, because the move is comin' up.
I dunno, it works for me.

Secret P.S. The G/Us move was caused by GDP news, but it has not
formed any new lows... yet :] Those who are in the trade, I recommend
to stay until/if the SL get's hit.
Ok, I understand now, I think. You are saying what "Mistersimple" said in post #10278, "dont forget market is like a plane needs time to take off and landing...if not it's a helicopter and you know helicopters dont fly far away.. "

In other words, a good run needs a good consolidation phase first! Right?
  • #10,317
  • Feb 26, 2010 3:51am Feb 26, 2010 3:51am
Sure
cut losses short, let profits run.
  • #10,318
  • Feb 26, 2010 3:53am Feb 26, 2010 3:53am
Quoting traderathome
EU M15:

I was watching this move up, after seeing GU make the sudden reversal down, somewhat confused. Then I saw PA stop again at upper SHI Channel TL. As I placed "thumbs down" there, the TL suddenly shifted to a steeper angle down. As this was happening, I noticed the entire trip up to the TL on that candle was on misicule trading. A pump? And as I watched, more trading started to pour on while the price held the highs! This looks like a pump n' dump senario. Warning: Speculation!

SonicR - Let the market decide, and trade what it gives...
I think you are 100% correct and EU will tumble like a ton of bricks.
As I said, if were braver, I would start selling EU right now with the big dogs. WooooooooooooUuuuuuuuuuuuuuuuuuuuuuuuuuuuuuuuuuuuu

If we look at H4 it looks like they have been pumping this all day, now that it is going up on very little volume means the suckers are all buying the con and this is where they will probably dump it taking out all the SL.

I am sounding more and more like TAH. LoL
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  • #10,319
  • Feb 26, 2010 3:59am Feb 26, 2010 3:59am
Quoting Rastaman
I think you are 100% correct and EU will tumble like a ton of bricks.
As I said, if were braver, I would start selling EU right now with the big dogs. WooooooooooooUuuuuuuuuuuuuuuuuuuuuuuuuuuuuuuuuuuuu

If we look at H4 it looks like they have been pumping this all day, now that it is going up on very little volume means the suckers are all buying the con and this is where they will probably dump it taking out all the SL.

I am sounding more and more like TAH. LoL
EUR'o big dog :]
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cut losses short, let profits run.
  • #10,320
  • Feb 26, 2010 4:00am Feb 26, 2010 4:00am
Quoting Domas4
EUR'o big dog :]
Yeah, Domas, that is me on the left with my minuscule lot in hand. LoL

Probably a lot of SL around the 50 or 38.2 fibo. Yummy.
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