Sonic R. System

TAH, I am really looking forward to EUR/JPY too.
According to Daily waves, we see constant Lower Highs and Lower Lows + the
price is at the resistance. Pop up... or pop down... we'll see.

Domas4, Sonikers....going into the asian part of this last session of the week, I see the possibility of a good downside move to close out the week.

I put the FR study (which also has extensions added) to the range the Speculators drove this up into after the London open last session...where it has since stayed while they "consolidate" ( ). The FR 424% extension level is not that much past the 14 day average range that it is beyond a grand closeout move for the week.

PA broke TL, dropped out of Dragon to create EP. Then moved back to test TL. Then dropped out of Dragon again to create lower EP. It has now pulled back up to re-test TL again. So, maybe there will be another higher EP for a SonicR short later this session.....

Edit: There have been a series of JPY "releases" between 7:30pm and 8:00pm EST, all indicators moved in "+" direction except unemployement, which is usually the last thing to improve anyway, when things start to get better. And one indicator was not as "+" as forecast (but then there are a lot of reasons why things are forecast the way there are = unimportant in this case, imho). in about 1.5 hours there is another "release", too. Meanwhile, price continues to range, giving the Speculators more time. Updated chart, which shows now a higher EP.

Warning: Speculation!

EJ:

Have you noticed how, ever since the Speculators moved price up into current range after the London open yesterday, our sacred Dragon has exhibited the "shakes"! .......

Edit: Updated chart. BTW, the 9:30pm EST JPY release on workers cash earnings was a surprise positive over negative forecast and previous! Has the price moved in favor of JPY? NO!!! So, the Speculators are hard at work keeping price up while "consolidating"......will probably hand it over to the F and L Speculators. Let them decide when it is time to pull the rug!

Warning: Speculation!

hi Tradeathome, Sonic and all..

GU

a bearish div on this strong resistance area (618fib, weekly pivot)
and macd forming H&S

H4, if it were an M15, would be a candiate for now watching for a break up, for a SonicR long. A few days ago I was thinking this would drop a lot more for the week, but now I see it could sprint back up. M15 shows a Bull Flag, which is probably all the downside there is as a result of that divergence (just opinion). Anyway, lets see how it works out.....let the market decide. Trade what it does, not what we believe it should be doing.

adding my two cents about GU,,,
I would see here a down trend near 100 pips before a break out upway
1H and 4h

ps, now if breakes the blue line, then it's another story

thankyou T,
yes that is the point... trade what it does.
i dont see your gu daily chart.. maybe i missed.

atm we had 1 LH and 1 LL

EJ:

The Speculators are truely working this pair. Overnight, all the JPY releases favored JPY currency, yet the Speculators have kept the price from moving in that direction. Now, coming into London Open, they are diriving it hard up.......

This might be their last drive to fill their short positions before they pull the rug.

Edit: Added second chart....eight minutes after LO.
Edit: Added third chart....just over 1 hour after LO. You can see most of the time and trading was done above the TL. Do you think the Speculators drove the price up to take on LONG positions? This is price manipulation, simple and obvious. But this is the way "free markets" work, just so long as powerful Speculator groups are "free" to manipulate prices. This is their own gigantic crap shoot. And they are the players that get to throw loaded dice. Gotta love it! The disturbing thing is in thinking that there could not have been traders waiting in the wings for such a grand opportunity to go long....to take the long side of the Speculator's shorts, AFTER the Speculators drove the price up there! I harbor suspicions that these sort of price whips, "whip up and load up", are not altoghether non-fraudulent. But I won't go there now. I'll just enjoy the ride down when it comes.
Edit: Added fourth chart. Price is being whipped up to the area of the next higher whole number, adding at least 75 - 100 pips to the potential of the next short drive, which is more looking like a course for next week than for the rest of this session.

Warning: Speculation!

EU 4hr Chart - looks to be at a crossroads.

1. 61.8 Fib
2. Trendline and S&R Line(s)
3. 1.3300 Significant Number

just waiting for a SonicR set-up now.

Will probably take TAH's EJ down too.

Pablo

TAH,
FYI - as noted before my brokers data shows this.....

Broker is Alpari UK

Pablo

EUR/JPY: Broke through res (resistance), and now is heading to make
higher high on Daily, or at least test the res.

GBP/U: Made a pretty early entry on CABLE, though the real SonicR
setup has completed just now.

Not much moving and US market has been open over an hour. It is interesting that all those JPY releases add up to a nice "+" for the currency, but EJ has not reflected it. Instead, the price has moved opposite considerably. And the euro does not deserve the strength it is receiving, yet there it is on top of EJ and EU. This kind of tomfoolery is enough to make one suspicious!

All this being the case, why should the EJ and EU come down at all for the rest of the day. If the price is kept up there, it simply adds more time for "position building" ahead of next week. And that opens the question of whether or not next will will open with a gap down on these.....just to make up for the tomfoolery.

Well, like you Domas4, I got tired of all this Bull Sh_t and made an early entry.....on EJ. Now I'll let the market decide!

Yea, it's Friday - last chance to make money this week

Might possibly make some over the weekend, too. All it will take is over the weekend for some "detrimental 'news' on euro" to be spread about liberally. The peckerheads will open the new week with gap downs that put the pairs right back where they ought to be!

Totally

I see E/J is already pickin' up the momentum.

EJ:

Oh my! How TOTALLY UNEXPECTED (). Guess they all agreed their positions were filled and it was OK to pull the rug!

Edit: Add second chart with NVO and plausible hypthesis.

USD/JPY lookin' good too. Price did not manage to stay above the res.

So you see, the not altogether unfraudulent manipulation could go like this....

The Speculators want higher prices to short at. They quickly do a succession of trades at higher and higher prices to get the price up. They "bought long", so to speak. But they didn't need real counterpart "sellers" for all the parts. They just "special book" trades on the system. Later, when they are ready for the drop, the Speculators put in a succession of trades at lower and lower prices to quickly get the price down, immediately building in profit. They "sold short", so to speak. But they didn't need real counterpart "buyers" for all the parts. They simply cancelled out the "special book" trades!

After all, it is a "free market"!

As long as TA works - we are okay!

Speaking of my GBP/U trade.... come on market PUSH! PUSH!
One more time honey! I can already see the head of TP! PUSH!