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Sonic R. System

  • #11,121
  • Mar 19, 2010 6:53am Mar 19, 2010 6:53am
Quoting traderathome
EJ, Will They Pull The Rug?:

I certainaly don't know. But my gut feeling on this is that the current drive down by those with the money to make the drive, is to take on long postions. The drive might go below half number, as there is an FE 24% level at 122.41. This also is the 50% pullback level on an FR study applied from the bottom at 119.84 to the top at 125.19. Looking back on the chart, the area around the half number (122.50) is also a previous consolidation area, and therefore a possible turnaround area too. Price is in that area currently....
Drunk because of previously succes, i didnt trade on EY according with sonicR setups!!!
UPS!!!
Rasta..you can throw with stones right now...maybe i desert them!!!
  • #11,122
  • Mar 19, 2010 7:07am Mar 19, 2010 7:07am
ep 85.45
sl 85.96
tp 85.16
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  • #11,123
  • Mar 19, 2010 7:08am Mar 19, 2010 7:08am
Quoting Rastaman
Good one DP, Actually GOOD 4!

Now during the Asian session, TAH & I are going to Sonic's correctional meditation class.


Glad you liked it DP! You deserve a laugh.

I like this version better.
What?! THAT looks sexist and racially prejudicial!
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  • #11,124
  • Mar 19, 2010 7:17am Mar 19, 2010 7:17am
UJ Long Trade:

Price is moving higher now, after a candle serveral back with an unusually long lower shadow (bullish). But there is no breakout yet. Maybe not until after US open traders get geared up will it really start a drive. Warning: speculation!

I moved TP higher.

Edit: Run looks to be starting (updated chart).
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  • #11,125
  • Mar 19, 2010 7:26am Mar 19, 2010 7:26am
Hello, Sonikers just come from work, here is my trade....
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  • #11,126
  • Mar 19, 2010 7:29am Mar 19, 2010 7:29am
Quoting traderathome
What?! THAT looks sexist and racially prejudicial!
No, the fact that I call myself Rastaman, has nothing to do with it.
It could have been a black guy as the teacher or any other race, or a woman it wouldn't matter to me! it just seemed like the best one.

When do we start then?
Starting to see instead of just looking.
  • #11,127
  • Edited 7:52am Mar 19, 2010 7:36am | Edited 7:52am
Quoting Basber
I believe you detect a very good potential for holding short positions. Any short sonicR setup could be hold to 120.xx , a very good place for taking huge profit. good job ravin.




I drew it for you on your chart. It's a very good pattern. It's more clear on H4 chart.


Regards,
Basber

Basber it is just a reverse Head & shoulders pattern that may act as resistance at the old shoulders. Is it not?


EDIT: It is also the area we bought EJ at this afternoon!
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Starting to see instead of just looking.
  • #11,128
  • Mar 19, 2010 8:21am Mar 19, 2010 8:21am
EJ:

Price has moved towards the middle band of the "consolidation" area. Nice lower shadows on the candles (bullish). Nice NVO activity as price starts to rise.

What will happen? I don't know. But I take all this consolidation as grounds for a good upcoming run. It could start before this last session of the week ends. Or, maybe a gap on the open next week? Anything can happen (too bad there are only 7 days in a week!).
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  • #11,129
  • Mar 19, 2010 8:30am Mar 19, 2010 8:30am
Quoting traderathome
EJ:
Anything can happen (too bad there are only 7 days in a week!).

It is a bad thing and a good thing...do you realize how many traders would die because of exhaustion?
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  • #11,130
  • Mar 19, 2010 9:25am Mar 19, 2010 9:25am
Quoting DanPa
ep 85.45
sl 85.96
tp 85.16
+25 pips!
  • #11,131
  • Mar 19, 2010 9:26am Mar 19, 2010 9:26am
+25 pips with chart
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  • #11,132
  • Mar 19, 2010 9:27am Mar 19, 2010 9:27am
+30 pips
DOne for this week!

See you all monday!

DanPa
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  • #11,133
  • Mar 19, 2010 9:28am Mar 19, 2010 9:28am
It is just as well I was on my demo account when I took that trade as I was practicing early entries.

The bad part is, it does not encourage me to make early entries.

Hope it comes around for you T or that you already cut it loose.
Starting to see instead of just looking.
  • #11,134
  • Mar 19, 2010 9:29am Mar 19, 2010 9:29am
Quoting DanPa
+30 pips
DOne for this week!

See you all monday!

DanPa
That may be rubbing salt in the wound DP!
Starting to see instead of just looking.
  • #11,135
  • Mar 19, 2010 9:36am Mar 19, 2010 9:36am
Quoting Rastaman
That may be rubbing salt in the wound DP!
Sorry Rastaman, i had no intention to do that! Just ...wanted to share my succes with SONICR! Hope for the best for next week!
DanPa
  • #11,136
  • Mar 19, 2010 9:49am Mar 19, 2010 9:49am
Quoting DanPa
Sorry Rastaman, i had no intention to do that! Just ...wanted to share my succes with SONICR! Hope for the best for next week!
DanPa

Not me, I meant TAH's wound. I was just on demo.

NP.
Starting to see instead of just looking.
  • #11,137
  • Mar 19, 2010 9:59am Mar 19, 2010 9:59am
Quoting traderathome
GU Prospects:

Warning, this is speculation!

The H1 chart shows numerous times PA bounced up off significant S&R area (red line at the half number) during heavy consolidation (see NVO activity). Finally PA dropped significantly thru on very high NVO activity. That green NVO bar on the drop is for activity at least 50% higher than the average of the two highest preceding magenta bars (in the rectangle) during consolidation! PA has since moved back up. This time as a re-test of failing support?

If so, then the price may come well down, maybe...
And now we know the rest of the story (at least for today)!
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  • #11,138
  • Mar 19, 2010 10:22am Mar 19, 2010 10:22am
EJ:

Some thoughts on this one. Between yesterday and today, PA has been driven down hard at least 5 times. But, the total price decline on the drops is less than 170 pips. That is scarcely more than one day's average range. That is not much of a drop for all that hard downward spiking!!!!!!

It is just another reason I have the feeling these drives down are to shake out longs......get those positions for themselves (the drivers).

My conclusion is that when these drives down are over (and that may be now) the next siginificant move will be up.....quite a distance up. But it will most likely be happening next week.

Warning: Pure speculation.
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  • #11,139
  • Mar 19, 2010 10:26am Mar 19, 2010 10:26am
Buy trigger on Natural Gas... I know... Gas..
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cut losses short, let profits run.
  • #11,140
  • Mar 19, 2010 10:56am Mar 19, 2010 10:56am
I don't know how to consider the last High of UJ , If someone could help me ?
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