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Sonic R. System

  • #13,341
  • Jul 12, 2010 11:49am Jul 12, 2010 11:49am
Quoting parsfx
CLEAR!
What are you saying that you see it as clear of that resistance?
  • #13,342
  • Edited 4:11pm Jul 12, 2010 2:50pm | Edited 4:11pm
UJ Update:

The first target zone was finally run clean thru, after the US open prof traders first hiked PA to load up for that leg down. PA is now back up a ways, but on light trading. So it looks like they are, without having to invest too much, resetting PA back towards the highs. This way, and expecially if the next session Asian and Euro traders follow suit by keeping it up while they load up, they can ALL enjoy the next, possibly much bigger leg down, maybe in tomorrow's LO or US sessions.

Even though this did not go far today, it is just the first session of the week. Usually this is not a good trading session. And Sonicdeejay will often ignore trading this session. But it did leave us with another EP, though it will probably be replaced with some other EP, nearer the next span of approved trading hours.

The range today did exceed the average by one! And PA exhibits a whole series of lower highs and lower lows. Tomorrow we may see more downside and a further extending of the range.
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  • #13,343
  • Edited 3:55pm Jul 12, 2010 3:00pm | Edited 3:55pm
EU Update:

As with UJ, we have a series of lower highs and lower lows, so tomorrow this could resume the downward move.

For my long trade, the question is whether or not the current retrace (up) is over with. Or will the next asian session traders pump it a bit more?

I plan to leave the trade running in hopes at least TP1 will be reached. But I have moved SL to BE+, just in case.
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  • #13,344
  • Edited 3:50pm Jul 12, 2010 3:26pm | Edited 3:50pm
GU:

Look at the H4.....bullish engulfing, then indecision, and no telling what will come next! Was the PA push below the Trend Line, and back up, just a grab at lower prices before an upcoming positive bounce up off the Trend Line? Or, is the recovery back up to the Trend Line a grab at higher prices in advance of a solid break down run from the Trend Line?

M15 - this could go either way. Maybe the asian and early euro session traders will give us a clue tomorrow. Aother clue we will have is in the direction of EU. If EU completes the current (retrace) move up, and resumes the downwards direction, it is likely GU will also. Meanwhile, the trading volume has presented us with a clue. In the last area of higher than average trading there is a shallow dip in its midst. This shallow dip coincides with the PA highs. I read this as follows. The profs drove PA higher to get higher priced shorts on the table. But at some point liquidity waned, and the profs were not willing to invest more to drive it higher. So the trading level slacked off for a while, due to this lower liquidty. Then the profs decided it was time to get on with the show, and started the drive down....attracting very high trading activity. So, in conclusion, there is reason here to suspect the real move upcoming will be down....anything else will be a head fake (but even some of them are big enough to trade ).
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  • #13,345
  • Jul 12, 2010 4:17pm Jul 12, 2010 4:17pm
Hello, TradeatHome. My name is Luis Carpi. I have being reading the entire thread since a couple of weeks ago. And i have to say it’s is simple and profitable system as long follow the Sonic rules (at least for the newbies like me). And i really like your analisys and comments , even when you say “warning: speculation”, nevertheless most of time you get it right , well done. A was going to ask you about lastest indicator , but i’ve seen you said that you are working on new indicator so i will not ask it again, but there is a question everytime i see you analisying the market mentioning like below:
Price is undergoing consolidation after bouncing at the half number. Consolidation means the profs are jockeying for improved positions in advance of where they next see it going. Likely "up" in this case......
The fly in the ointment is the US open. These profs traders might like to grab some lower for themselves, and therefore drive it down while doing so. Due to this possibility, the SL is only a mental SL, at least until the dust settles again...
The first target zone was finally run clean thru, after the US open profs traders first hiked PA to load up for that leg down.
Tradeathome , maybe my question is a very newbie ones, but i really would like to know, when you talk about professionals traders , seems to be they work all together in the same direction. How do you interpret professional trader agreement, Do they always work in the same direction? Do they talk to each other to define where they will drag the price today , tomorrow or this week, so on...? Or sometime they fight each other and of course who got the best strategy wins.....
Again, maybe is a very newbie question , but i really would like to know how do you see the relationship between big players in Europe, usa, asian.....what is your view about it ? hopefully it’s not a silly question as i’m newbie, J..... thanks
  • #13,346
  • Jul 12, 2010 4:25pm Jul 12, 2010 4:25pm
Quoting Chantalb
To me it looks like the up move has just made its higher low... We shall see I guess. I am still holding my initial opened morning trade.
Chantalb, I went back thru the posts and cannot find where you posted your trade entry. I assume it was about the same time as KumoDragon made long entry?

If you are going to later refer to a previously entered trade, it would help to see the chart of that trade from the time of entry; with EP, SL and TPs. It is the only way posts can serve to help everyone learn and improve. Agreed?
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  • #13,347
  • Jul 12, 2010 4:40pm Jul 12, 2010 4:40pm
hello soonikers , i just wanna say that Get sonic Trades with the higher TF analysis ,,,its filter your trades ..thnx

Muhammad Idrees
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FxHome
  • #13,348
  • Jul 12, 2010 4:46pm Jul 12, 2010 4:46pm
Quoting KumoDragon
Stopped out +24. Reversed just below the top of the channel on me & hit 15:00 time.
KumoDragon, congratulations on your application of wise money management to your GU long trade! This is a difficult skill for many to perfect, due to its psycological ramifications.

I, and I am sure others, look forward to your progress and posts!

May I suggest you be sure to include in any post of a trade, clear designations of EP, SL and TP(s). This will help all others quickly comprehend the trade, enhancing the learning process.
  • #13,349
  • Jul 12, 2010 5:00pm Jul 12, 2010 5:00pm
Quoting traderathome
KumoDragon, congratulations on your application of wise money management to your GU long trade! This is a difficult skill for many to perfect, due to its psycological ramifications.

I, and I am sure others, look forward to your progress and posts!

May I suggest you be sure to include in any post of a trade, clear designations of EP, SL and TP(s). This will help all others quickly comprehend the trade, enhancing the learning process.
My entries and SL can be seen by the green and red entry lines. As I'm actually trading live no time to fart around with paint, have to watch the trades.

P.S. Now i'm in two trades that I really wish I wasn't. (EU long, GU short) Entered just before 11 and of course price stalled and went sideways. I knew better even before trying out sonic, but O well. Still small lot sizes as I practice the sonic entry.

P.P.S. Meh closed both trades for a small pips loss. So, basically break even for today. Shouldn't of took those trades anyhow, and didn't like the way the waves were setting up.
  • #13,350
  • Jul 12, 2010 5:13pm Jul 12, 2010 5:13pm
Hi tradeathome could you have a look at post #13345 , as it was my fisrt post and i had to wait to be approved by moderators. I have written 1 hour ago , so you may have not seen it....

thanks
  • #13,351
  • Jul 12, 2010 5:19pm Jul 12, 2010 5:19pm
Quoting Muhammad989
hello soonikers , i just wanna say that Get sonic Trades with the higher TF analysis ,,,its filter your trades ..thnx

Muhammad Idrees
Hi, Muhammad989!

It is great to hear from you again. Your posts are always excellent and thought provoking.....great contributors to our learning process.

And I wholeheartedly agree with your recommendation of longer term analysis. Only by doing, can improvement come. Personally, I have screwed up many a longer term analysis, which has cost me to miss out on good M15 SonicR trades, or to close good trades far too soon! As I improve in longer term analysis (and your posts are good examples of how to do it correctly), M15 SonicR trading can only improve along with it.

I read back in one of your recent posts that you have been very busy. But keep posting as you can, please. You are a valued contributor to this thread.

Thank you, Muhammad989. And good trading to you!
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  • #13,352
  • Edited 5:48pm Jul 12, 2010 5:36pm | Edited 5:48pm
Quoting Lzcarpi
[font=Calibri]Hello, TradeatHome. My name is Luis Carpi. I have being reading the entire thread since a couple of weeks ago. And i have to say it’s is simple and profitable system as long follow the Sonic rules (at least for the newbies like me). And i really like your analisys and comments , even when you say “warning: speculation”, nevertheless most of time you get it right , well done. A was going to ask you about lastest indicator , but i’ve seen you said that you are working on new indicator so i will not ask it again, but...
Luis Carpi, welcome to Sonicdeejay's SonicR thread!

Regarding your question about professional traders working together, I doubt they do so, certainly not by any professional trading agreement....that would be taking their price manipulation a bit too far!

If they trade in the same direction (session to session) thru a day, it is more likely that they are all thinking the same thing longer term. So they each do similar ups and downs to build their positions for what they believe is coming, or intend to make happen.

All in all, I think it would best be to consider them all a den of thieves. Greed is their formost characteristic. Profit is their icon. And, as we know, there is no loyalty among thieves.
  • #13,353
  • Jul 12, 2010 5:53pm Jul 12, 2010 5:53pm
Quoting traderathome
Chantalb, I went back thru the posts and cannot find where you posted your trade entry. I assume it was about the same time as KumoDragon made long entry?

If you are going to later refer to a previously entered trade, it would help to see the chart of that trade from the time of entry; with EP, SL and TPs. It is the only way posts can serve to help everyone learn and improve. Agreed?
You are absolutely right, I'll do that. And yes I had entered right after that first candle broke through with a pending order a few pips above d high. Details below...
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  • #13,354
  • Jul 12, 2010 6:12pm Jul 12, 2010 6:12pm
Quoting traderathome
Luis Carpi, welcome to Sonicdeejay's SonicR thread!

Regarding your question about professional traders working together, I doubt they do so, certainly not by any professional trading agreement....that would be taking their price manipulation a bit too far!

If they trade in the same direction (session to session) thru a day, it is more likely that they are all thinking the same thing longer term. So they each do similar ups and downs to build their positions for what they believe is coming, or intend to make happen.

All...


Thanks for you reply . Your are right, among thieves there are no loyalty.
  • #13,355
  • Edited 11:40pm Jul 12, 2010 11:21pm | Edited 11:40pm
EU Watch, Long Trade Update:

PA reached TP1 and the retrace trade was closed for 40 pips profit.

PA subsequently dropped to create new EP for a short trade, proceeded down a bit, and might now be pulling back up. I'll put a FR study on the chart from last highs down to most recent lows to gauge the retrace for a possible early entry off support of whole number 1.2600.
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  • #13,356
  • Jul 12, 2010 11:47pm Jul 12, 2010 11:47pm
UJ:

If you didn't enter yesterday, a new short trade EP is formed and PA may revisit it early in approved trading hours.
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  • #13,357
  • Jul 13, 2010 12:08am Jul 13, 2010 12:08am
EU Watch, Short Trade Initiated:

Just entered, EP= 1.2592 and I have another short order at 1.2602 in case price is driven up a ways. SL is above near term SR. TP1 is down near range low around GMT based Daily pivot MS3.
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  • #13,358
  • Edited 4:49am Jul 13, 2010 4:33am | Edited 4:49am
EU Short Trade Update:

Just added to short position here at 1.2563, while PA is doing what looks to be a FR 50% pull back upwards. This is a risky time to re-enter, or add, since we have yet to hear from US traders. They could pump it even higher, if they want to. And there is a US Trade Balance release in about 3 hours, which would give them the excuse to do so.

.....Well, even as I write this, the pullup is going higher!
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  • #13,359
  • Jul 13, 2010 6:19am Jul 13, 2010 6:19am
I saw this short breakout bar, but decided not to act on it because the wave analysis was opposite the set up. Was I right? Were there any reasons I should have taken it?
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  • #13,360
  • Jul 13, 2010 6:23am Jul 13, 2010 6:23am
UJ Short Trade Closed:

This is a trade entered last week with average price of 88.36 as of the close last Friday.

I have gotten tired of dealing with this trade and just closed it out for profit......meager, but profit nonetheless.

And so I am telling myself for the umpteenth time, "NEVER, EVER trade UJ again! No, no matter how good the setup looks!"

This friggin' pair costs 50% more for me to trade thru FXDD than does EU. Furthermore, its average range is about 50% less than EU! I don't know why I ever bother with this pair.......never again! Not thru FXDD, anyway. They simply charge too much for something that moves too little.

With the abbreviated range this pair has, the spread should be no more than 1 pip, not the 3 pips FXDD charges!
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