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Sonic R. System

  • #11,741
  • Apr 9, 2010 12:33am Apr 9, 2010 12:33am
Quoting amlavor
that's what i wanted to say...


Ok, I am with you now.

Yeah, the flip area is holding right now and flagging is going on, on M15.

I suspect those four highs at 93.61 suggest a strong break is going to occur, if it breaks that is. The H4 has 4 blue candles in a row with 4 consecutive highs.

I would like to hear what T thinks of this.
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Starting to see instead of just looking.
  • #11,742
  • Apr 9, 2010 12:35am Apr 9, 2010 12:35am
Quoting parsfx
Hi everyone,
Is entry correct?
I went short on this one, 5m TF took 10 pips
  • #11,743
  • Edited 1:01am Apr 9, 2010 12:42am | Edited 1:01am
UJ:

You guys are not being clear and straightforward. If you think the charts says "UP", then say UP! If you think the chart says "DOWN", then say DOWN!

Rastaman, your text says, "UJ second attempt after getting stopped out." .....Second attempt at WHAT? ....a long trade? ....a short trade? The only way people can tell is to squint at your charts and finally find the clue given by the almost imposssible to see buy/sell line! Charts are nice, if they are easy to understand. The same with text.

Amlavor, your text says "...or that way, at the second break down...." ....?????????? WHAT WAY? WHAT ARE YOU DEFINING AS A BREAKDOWN????? Your charts are readable enough, there just isn't any EP, SL or TP information on them!!!!!! ....projected or otherwise!!!!!!

Folks, if posting, make the post MEAN something,.....please ?

Looking at UJ on H4, a FR study shows price driven down to the 38% level, twice in succession. And the long lower wicks suggest lots of buying there that sent the price smartly back up both times. This buying is not likely to have been done for the meager 50+ pips subsequently run up. Therefore, this looks bullish, with more to come (so the Big Dogs can make good profits on the money they invested down there at the 38% level).

Edit: Added second H1 chart with the study of trades. It shows that double drive down to the FR 38% level was not an accident. It was intentionally ochestrated using notably increased volume to get the price down and keep it down for a while. You can see that the "average" price during this move was at the whole number 93.00, which implies some of the Big Dogs had it in mind to build a position centered on that price. Once done, the price was pumped right back up to "lock in" early profits on the positions. And I am sure they are planning on making more than 50 pips on their investment. Warning: Speculation!
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  • #11,744
  • Apr 9, 2010 12:49am Apr 9, 2010 12:49am
Quoting traderathome
UJ:

You guys are not being clear and straightforward....


Right T.

I meant, I was stopped out long for 10 pips.

Thanks for the opinion.
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Starting to see instead of just looking.
  • #11,745
  • Apr 9, 2010 12:51am Apr 9, 2010 12:51am
Quoting parsfx
Hi everyone,
Is entry correct?

Looks ok but, you really want to wait for the London Open to trade EU.
Starting to see instead of just looking.
  • #11,746
  • Edited 1:11am Apr 9, 2010 12:53am | Edited 1:11am
TAH

As London has recently had a time shift, are you waiting for an hour after LO till Tokyo closes or are you just trading the overlap?


We are in the groove.
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Starting to see instead of just looking.
  • #11,747
  • Apr 9, 2010 1:17am Apr 9, 2010 1:17am
EJ:

H4 tells a bullish story, including the "bottoming" candle having a long lower wick indicating strong buying down there.

M15 shows the trade activity referred to, with the average price for position building maybe around the whole number. Price is now up 100 pips, but they could have had in mind to make much more than just that. Warning: Speculation.
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  • #11,748
  • Apr 9, 2010 1:23am Apr 9, 2010 1:23am
I m with you

Quoting Rastaman
TAH

As London has recently had a time shift, are you waiting for an hour after LO till Tokyo closes or are you just trading the overlap?


We are in the groove.
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Persian Gulf forever
  • #11,749
  • Edited 1:39am Apr 9, 2010 1:24am | Edited 1:39am
Quoting Rastaman
TAH

As London has recently had a time shift, are you waiting for an hour after LO till Tokyo closes or are you just trading the overlap?


We are in the groove.
If I feel the Big Dogs have already built a position then I am more tuned to SonicR setups than what time they occur, once we are in prime time trading hours. However, if I don't have that cosy feeling the Big Dogs are already settled in for a run, then I am more cautious about when SonicR setups occur, as I do not like being head faked just before a Big Dog make a move to build a position! I know this is subjective. Let me try and summarize it another way. If there has not been a strong recent H/L, then I am very wary of the "when". However, if there has been a strong recent H/L (hopefully with a good S&R entry), then I am less wary of "when" and I am looking for the next SonicR in prime time. But I am trying to always keep in mind "monkey see, monkey do." To me this means even if there is a strong H/L already, the next monkey in line may try and immitate, until they are all in.....that is when I get the cosy feeling! And it is an especially good feeling if all this happens over a session to several, and in a tight range.

This might have been what Domas4 was referring to when he stated....."EUR/JPY: I'm in. Would be really good if it bounced off H4 support for a few days."
  • #11,750
  • Apr 9, 2010 1:34am Apr 9, 2010 1:34am
sorry that I wasnt that clear, but I was just trying to say the way to see the Fibo, as the first top to all the way to the bottom had a significant break, and that wasnt truly the 38.2 but the 50's, now we just got to 61.8 at 93.700, hope I cleared that out....

no confusion
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  • #11,751
  • Apr 9, 2010 1:51am Apr 9, 2010 1:51am
Hi, sonicers

What do you think about this???
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A small profit is better than a big minus...
  • #11,752
  • Edited 2:58am Apr 9, 2010 2:09am | Edited 2:58am
Quoting tulis
Hi, sonicers

What do you think about this???
EU:

Tulis, you have struck to the heart of the matter. Here is a SonicR, but right between FO and LO. Take it, or wait because LO may pull it back. And if they pull it back, so might the US open traders....althogether creating new PA and maybe even a lower EP later.

The M15 chart shows that yesterday maybe all the monkeys got in. And yet maybe, just maybe one or more of them will go for some more at a lower price. I don't know the answer to this.

Except maybe go in light, prepared to go in again with more at a lower EP should it all happen that way.
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  • #11,753
  • Apr 9, 2010 2:10am Apr 9, 2010 2:10am
Quoting Domas4
EUR/JPY: I'm in. Would be really good if it bounced off H4 support for a few days.
EUR/JPY: TP1 hit. +127 pips so far. Moved SL @ BE. Free ride.
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cut losses short, let profits run.
  • #11,754
  • Apr 9, 2010 2:21am Apr 9, 2010 2:21am
Quoting traderathome
Ms marple, thank you for your interest in the template. It is in work. And when finished, if there are no objections from Sonic, I would be happy to post it and the supporting indicators. Few are required.

1. The upper left market data box (without the clock section) is there to enable readers of the posted chart to more easily see the symbol, etc.

2. The backdrop of horizontal levels is from the Levels x8.mq4 indicator already posted (see upper right corner of this ForexFactory window for the icon to click on to open the list of files posted...
TAH : a big thank you.
Be like water.
  • #11,755
  • Apr 9, 2010 2:30am Apr 9, 2010 2:30am
GU:

H4 chart shows FR extension 127% is my current target, which for all intent and purposes is actually the half number 1.5550.

M15 chart show at the current session high, trade is up 175 pips. My SL shown is actually mental. I will set it if I have to leave the computer. I am waiting to see what lows the US session may bring before moving it higher.

Domas4, your charts are very clean and your SonicR trades are straighforward. ......and profitable!
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  • #11,756
  • Apr 9, 2010 2:51am Apr 9, 2010 2:51am
UJ is not looking good right now.

And the distinct lack of interest in this pair is Deafening.

The only thing that is keeping me in this right now is the fact that it only retraced 23.6%.
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Starting to see instead of just looking.
  • #11,757
  • Edited 3:15am Apr 9, 2010 3:05am | Edited 3:15am
Quoting Rastaman
UJ is not looking good right now.

And the distinct lack of interest in this pair is Deafening.

The only thing that is keeping me in this right now is the fact that it only retraced 23.6%.
UJ:

There is no "lack of interest" here. Heck, look at all the work I put into post # 11743 on it.

The last SonicR entry was long and during the later part of yesterday's session. Currently price is being pulled down by the F/L monkeys, and I'd be looking for a S&R entry long under these conditions, keeping in mind that US monkeys may immitate which may, or may not, provide the lowest low.

Edit: Ok, lest I offend with the word "monkey", I'll try using "speculators". That is what they actually are, all of them: syndicates, hedge funds, Central Bank trading desks, etc. Among the things that they have that we don't have is lots of money, enough money to drive prices opposite a planned move (that may span multiple sessions), take on their positions, start the drive in the planned direction, and throughout the drive manipulate mini-reversals for more additions and mini-pumps to restart momentum. So, they are speculators, sure enough, but with enough money to "back" the move they are speculating on, right up to its planned completion.
  • #11,758
  • Edited 3:35am Apr 9, 2010 3:11am | Edited 3:35am
Quoting traderathome
UJ:

There is no "lack of interest" here. Heck, look at all the work I put into post # 11743 on it.

The last SonicR entry was long and during the later part of yesterday's session. Currently price is being pulled down by the F/L monkeys, and I'd be looking for a S&R entry long under these conditions, keeping in mind that US monkeys may immitate which may, or may not, provide the lowest low.
Oh, I thought you had just mentioned the possible deal on UJ, but where not interested in it.

And indeed, thanks for the analysis.
Starting to see instead of just looking.
  • #11,759
  • Apr 9, 2010 3:20am Apr 9, 2010 3:20am
EU (took +25 half)
ep 3387
sl 3334
tp 3450
tp2 3500

GU (took +25 half, +48 3/4)
ep 5300
sl 5263
tp 5350
tp2 5400
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  • #11,760
  • Edited 4:03am Apr 9, 2010 3:48am | Edited 4:03am
EJ:

Domas4 has a runner here. I am still hoping to catch a pullback to level show (white) for long entry. But it may be too far gone already.....just have to see if the US speculators want some more low enough to do the job for me.
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