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Sonic R. System

  • #11,201
  • Mar 22, 2010 2:54pm Mar 22, 2010 2:54pm
EJ - may eventually set up for SonicR long trade, based on this H4 chart showing pinbar spike down out of FR study to 127% level and back up again. My guess would be for such a setup to occur Tuesday, sometime after asian session. Warning: speculation.
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  • #11,202
  • Mar 22, 2010 3:31pm Mar 22, 2010 3:31pm
Yes, Rastaman, I got stung by the UJ whipsaw in my absence. However, I am still in trade, and took advantage of the lows to add to long position. I am still bullish on this pair.

H4 shows PA pullback to FR 38% level, which may be a good sign that upward move is impending. I perceive upward drift in Dragon, and the possibility of completion of a "W" formation which will entail a run back up (bold black lines) to the top of the range. This will, in the short term, make the trade profitable. If this happens, then the next move will likely be a doubling of the height of the "W", for another 100 pips or so.

M15 shows where I currently stand on this trade.
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  • #11,203
  • Mar 22, 2010 4:09pm Mar 22, 2010 4:09pm
got tired and i get out on second half, even if i didnt reach the original TP ...+83 pips

have an good night all, or an good asian session!
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  • #11,204
  • Mar 22, 2010 4:20pm Mar 22, 2010 4:20pm
Quoting DanPa
got tired and i get out on second half, even if i didnt reach the original TP ...+83 pips

have an good night all, or an good asian session!
Good trading, DanPa! Congratulations and see you later in new session.
  • #11,205
  • Mar 22, 2010 4:29pm Mar 22, 2010 4:29pm
Quoting traderathome
Good trading, DanPa! Congratulations and see you later in new session.
Thank you TAH ! Same to you !
  • #11,206
  • Mar 22, 2010 8:19pm Mar 22, 2010 8:19pm
Yeah, TAH

EJ looks good on the daily also, nice space around that PB.

As you say, I think we could be in some for action.
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Starting to see instead of just looking.
  • #11,207
  • Mar 22, 2010 8:59pm Mar 22, 2010 8:59pm
Quoting Rastaman
Yeah, TAH

EJ looks good on the daily also, nice space around that PB.

As you say, I think we could be in some for action.
UJ could give a nice pop. Currently consolidating just below key S&R line (area). EJ too, but has to come up a bit more first.
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  • #11,208
  • Mar 22, 2010 9:21pm Mar 22, 2010 9:21pm
T

I think EJ is the better positioned one of the two, looking at H4 there seems to be more space around the trade. UJ seems to be stuck in this 95 pip range until it finally breaks out.
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Starting to see instead of just looking.
  • #11,209
  • Mar 22, 2010 9:58pm Mar 22, 2010 9:58pm
Quoting Rastaman
T

I think EJ is the better positioned one of the two, looking at H4 there seems to be more space around the trade. UJ seems to be stuck in this 95 pip range until it finally breaks out.
I am thinking of the time already spent ranging, and how range is tightening on Daily. PA can make its move anytime, possibly the start of a significant run.
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  • #11,210
  • Edited 10:18pm Mar 22, 2010 10:06pm | Edited 10:18pm
Quoting traderathome
I am thinking of the time already spent ranging, and how range is tightening on Daily. PA can make its move anytime, possibly the start of a significant run.

I can also see that possibility T.


Hey Basber is around.

Probably getting his high powered laser beam riffle trained on EJ!


This 122.80 area looks like it could be a bit tricky or there again if it bursts through it, it may be a good support area.
What do Basber & Tah think about this?
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Starting to see instead of just looking.
  • #11,211
  • Edited 10:43pm Mar 22, 2010 10:31pm | Edited 10:43pm
hello Good Morning all,

I am still long with my set up of EURUSD @ 3545 SL 3495 TP 3615-3665
Also if i place a fib on the previous wave 75% lvl is around 3582 which was the price @ which i would have gone long if it was broken yday. (when i see the the graph i see 3 times it tried to break the 1st Resistance (circled in black)and 2 times it tried break the lower trend channel (circled in red)

If 3582 can be broken, it means 75% lvl on fib being retraced from bottom and a good sign for longs imho.
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  • #11,212
  • Mar 22, 2010 10:49pm Mar 22, 2010 10:49pm
Quoting Rastaman
I can also see that possibility T.


Hey Basber is around.

Probably getting his high powered laser beam riffle trained on EJ!


This 122.80 area looks like it could be a bit tricky or there again if it bursts through it, it may be a good support area.
What do Basber & Tah think about this?
LOL ! I have a buy order at 122.80

Regards,
Basber
Trading methods are designed to put the odds in our favor, not predicting.
  • #11,213
  • Mar 22, 2010 10:54pm Mar 22, 2010 10:54pm
Quoting Basber
LOL ! I have a buy order at 122.80

Regards,
Basber

Oh yeah? LoL

Basber, how come you see it as a good place to EP and I see it as a problem area? LoL

Is this like the man who sees that his wine glass is half empty while another one sees it is half full?
Starting to see instead of just looking.
  • #11,214
  • Mar 23, 2010 12:11am Mar 23, 2010 12:11am
Quoting Rastaman
Oh yeah? LoL

Basber, how come you see it as a good place to EP and I see it as a problem area? LoL

Is this like the man who sees that his wine glass is half empty while another one sees it is half full?
my buy stop is @ 122.85
  • #11,215
  • Mar 23, 2010 12:22am Mar 23, 2010 12:22am
Quoting ravin
my buy stop is @ 122.85

I think Basber is talking about a different entry system here and not sonicr.

We can't be talking about sonicr as there is as of yet no HH & HL & I suspect the SL is well over 100 pips.
Starting to see instead of just looking.
  • #11,216
  • Mar 23, 2010 12:48am Mar 23, 2010 12:48am
morning sonicers, heres my aud/usd setup
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Patience is the key.
  • #11,217
  • Mar 23, 2010 12:59am Mar 23, 2010 12:59am
Nice little suspicious pump down.
Just to take out some stops around the daily pivot from those that went long and probably have their SL just below the pivot.

What total scumbags.
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Starting to see instead of just looking.
  • #11,218
  • Edited 1:26am Mar 23, 2010 1:08am | Edited 1:26am
Quoting Rastaman
Nice little suspicious pump down.
Just to take out some stops around the daily pivot from those that went long and probably have their SL just below the pivot.

What total scumbags.
Gee, you are beginning to sound like me! Isn't it amazing how these outfits can move price either way they want to, when they want to, in order to "create liquidity" so they can gather up more positions for themselves. By the time the price is restored to where they started the drive down, they will have accumulated more positions at an average cost below where it was when they decided to start buying!

I wish someone working for such an outfit would write an expose' on just how they do this, because I can only guess. My guess is they sequentially "sell" at reducing price in miniscule amounts, while "buying those same "sells" on another "terminal", working the price down.....and maybe liquidating some positions of others in the process. My guess is before they start the drive, they put in genuine buy orders down at various steps all the way down to their target "bottom". Then they do the drive down. If it is successful, their genuine buy orders will get filled as other traders positions get liquidated.

I know I will be accused again of promoting the "manipulation conspiracy", but hey, anything can happen. Look at the stock market, more highly regulated than forex, and there they can sell stock shares that don't even exist in order to manipulate prices down!

You are right, Rastaman. They are scumbags, all of them, in both markets.....including the "regulators". Their one saving grace is that they create the volatility that keeps the forex balls bouncing up and down.....so they can make their money. And we can, too!
  • #11,219
  • Mar 23, 2010 1:33am Mar 23, 2010 1:33am
Quoting traderathome
Gee, you are beginning to sound like me! Isn't it amazing how these outfits can move price either way they want to, when they want to, in order to "create liquidity" so they can gather up more positions for themselves. By the time the price is restored to where they started the drive down, they will have accumulated more positions at an average cost below where it was when they decided to start buying!

I wish someone working for such an outfit would write an expose' on just how they do this, because I can only guess. My guess is they sequentially...

We all are here to talk about money, how to take money from the hand of the most inteligent people on earth!
Money made wars, money made such evil in this world, and you are surprised because they trated this market, or any market, with the same greedy and unfair tools? I am not! ...And yes, i have to say it again, not money but love for money, greed of money are doing that!

And....good morning !
  • #11,220
  • Mar 23, 2010 1:43am Mar 23, 2010 1:43am
Quoting DanPa
We all are here to talk about money, how to take money from the hand of the most inteligent people on earth!
Money made wars, money made such evil in this world, and you are surprised because they trated this market, or any market, with the same greedy and unfair tools? I am not! ...And yes, i have to say it again, not money but love for money, greed of money are doing that!

And....good morning !

He's not surprised at all D.

He simply deems it immoral to ream your fellow man for profit.
We are here to make money with our wits, not dirty tricks.
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