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Sonic R. System

  • #13,461
  • Jul 14, 2010 11:39am Jul 14, 2010 11:39am
Be careful when opening a long position EU
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  • #13,462
  • Jul 14, 2010 11:53am Jul 14, 2010 11:53am
Quoting Eynshteyn
Be careful when opening a long position EU
PA high is only 7 pips down from the FR 50% level on the Daily chart.
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  • #13,463
  • Edited 4:59pm Jul 14, 2010 4:45pm | Edited 4:59pm
EJ And EU Coincidence......?

EJ- I decided to bring this chart back up. The ultimate target for this formation would be around 99.50, or 1,300 pips lower than now.

EU- And this chart was posted Wednesday session. There is a confluence of two early levels of the FR and the FE. Note that the first of the two subject levels, the FR 100% level is.........YOU GUESSED IT!........1,300 pips lower than now!

So (hum dee dum dum......) we not only have on one pair the confluence of Fibonacci levels from two different studies, but we have the exact same price decline target on TWO DIFFERENT PAIRS!

I wonder what this means. ....maybe we should go to a higher TF and look for confirmation.......OPS, these are the largest TFs!
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  • #13,464
  • Edited 9:41pm Jul 14, 2010 9:19pm | Edited 9:41pm
Quoting traderathome
EJ And EU Coincidence......?

EJ- I decided to bring this chart back up. The ultimate target for this formation would be around 99.50, or 1,300 pips lower than now.

EU- And this chart was posted Wednesday session. There is a confluence of two early levels of the FR and the FE. Note that the first of the two subject levels, the FR 100% level is.........YOU GUESSED IT!........1,300 pips lower than now!

So (hum dee dum dum......) we not only have on one pair the confluence of Fibonacci levels from two different studies, but we have the exact...
Ok, it is 4 hours later, and the asian session has begun several hours ago. And now suddenly there is a large spike in the price of EU and EJ, but not UJ? Why? Could it be that is because everyone of the profs know EU and EJ are going DOWN, DOWN, DOWN.....maybe 1,300 pips in weeks ahead? Could it be that they keep pumping EU and EJ ....but don't bother with UJ....so they can continue to build short positions on EU and EJ?

Something is pretty obvious here. Especially when we know that the asian profs were not around yesterday to participate in the big spikes. So, they just manufactured another spike on EU and on EJ.......just for themselves to do what the other profs did yesterday! Gotta LOVE this forex market!

Is the rest of the summer going to be PUMP 'N DUMP on everything even remotely related to the euro ?
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  • #13,465
  • Jul 14, 2010 10:34pm Jul 14, 2010 10:34pm
USDCHF:

Lawgirl21 started a short trade on this yesterday. PA already down 50+ pips from center of EP zone, and looks like it will do a few more and reach the whole number target.

Congratulations on a good SonicR trade, Lawgirl21.
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  • #13,466
  • Edited 1:42am Jul 15, 2010 1:22am | Edited 1:42am
EJ:

PA now entering new EP area. Could be good. On the other hand, LO is yet to happen, and may do another pullup.
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  • #13,467
  • Edited 1:51am Jul 15, 2010 1:35am | Edited 1:51am
EU:

Same story here. LO might or might not do a pullup.
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  • #13,468
  • Jul 15, 2010 2:22am Jul 15, 2010 2:22am
Can I trade, this minimum?
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  • #13,469
  • Jul 15, 2010 2:31am Jul 15, 2010 2:31am
Quoting traderathome
EU:

Same story here. LO might or might not do a pullup.
Hi buddy.
I just wanna say thank you for such clear and great charts.
Regards Peyman
Follow the rules and be successful.
  • #13,470
  • Edited 3:32am Jul 15, 2010 2:58am | Edited 3:32am
EJ Short Trade Update:

I just closed two of the 4 "halves" remaining on this trade, each for 81 pips profit. So, my average for the 3 "halves" now closed is 70 pips profit each.

I have 2 "halves' remaining to be closed.

Edit: On spike up, added back a "half". Now have 3 "halves" in trade. When you believe in the trend, a good area to re-enter, or add, is when PA penetrates into the Dragon. But, you have to be careful with this. If the trend is being obeyed, fine. Otherwise, penetration of the Dragon could mean a change in direction. It could bite you if it is a change.
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  • #13,471
  • Jul 15, 2010 3:12am Jul 15, 2010 3:12am
I short EU here then it immediate reverse

anyone in the same boat?

care to explain my mistake and Stop Loss level.

thank you very much
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  • #13,472
  • Jul 15, 2010 3:26am Jul 15, 2010 3:26am
EU short just now -30 pip Closed

at least GBP Long + 30 pip waiting to close

hmm.....??
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  • #13,473
  • Jul 15, 2010 3:37am Jul 15, 2010 3:37am
Quoting vincecyc
I short EU here then it immediate reverse

anyone in the same boat?

care to explain my mistake and Stop Loss level.

thank you very much
I see you went short on EU and long on GU. They ususally move in the same direction, though not necessarily to the same extent.

You are ignoring the psycology surrounding EU right now. This has been pumped and pumped over days. And this could be preparations for a spectacular drive down. Right now the profs are hunting short positions, driving it ever higher to take out stops and create increased liquidity for their short orders. This could be a very bad time to consider going long. But also, because of these pumps, going short is a headache too. Trade light, so you can take advantage of new highs.....just my opinion.

WARNING: Speculation!
  • #13,474
  • Jul 15, 2010 3:48am Jul 15, 2010 3:48am
EU Watch:

Today's euro Pump is on! I am still waiting to see if they manage 1.2800. I have a short order just below that whole number. (Not advice or recommendation of any kind.)
  • #13,475
  • Jul 15, 2010 3:52am Jul 15, 2010 3:52am
Quoting traderathome
I see you went short on EU and long on GU. They ususally move in the same direction, though not necessarily to the same extent.

You are ignoring the psycology surrounding EU right now. This has been pumped and pumped over days. And this could be preparations for a spectacular drive down. Right now the profs are hunting short positions, driving it ever higher to take out stops and create increased liquidity for their short orders. This could be a very bad time to consider going long. But also, because of these pumps, going short is a headache...
Thank you for the advice
I close EU then immediate Long GU not long GU while EU short still floating Loss there

Hmm.. Then I focus on GU for the time being Then

Thank Again
  • #13,476
  • Jul 15, 2010 4:49am Jul 15, 2010 4:49am
EU Short Trade Update:

Yes, they managed 1.2800! I added to short trade just a bit below.

Understand that this was a short trade that started out yesterday as an early short entry off SR, not a pure SonicR method. PA later created EP, but the run down thru it was a Head Fake. Then the price was spiked up in the US session. I have been waiting since to add near 1.2800. So, start to now, this has not been a pure SonicR trade. But, hopefully, it will still turn out profitably.
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  • #13,477
  • Jul 15, 2010 5:02am Jul 15, 2010 5:02am
Quoting traderathome
EU Short Trade Update:

Yes, they managed 1.2800! I added to short trade just a bit below.

Understand that this was a short trade that started out yesterday as an early short entry off SR, not a pure SonicR method. PA later created EP, but the run down thru it was a Head Fake. Then the price was spiked up in the US session. I have been waiting since to add near 1.2800. So, start to now, this has not been a pure SonicR trade. But, hopefully, it will still turn out profitably.

Interesting.
May I ask what is the profit target & the stop loss level for this Short trade here?
Thank you very much
  • #13,478
  • Jul 15, 2010 5:02am Jul 15, 2010 5:02am
EJ Short Trade Update:

This trade started yesterday as a SonicR method trade. It went well up to the first TP, where some was closed. But then we had that US session spike on the EU, which also affected EJ. It has been upsy-downsy ever since, a ripple affect as the profs manipulate EU. I have been adding some and closing some along the way. But the average is 70 pips profit on all closed parts. Three parts remain, and I expect to make at least that also. But it may take some time, the way things are going.

I only post this stuff because it enables you to see how screwed up a simple SonicR trade can become if you disobey SLs and are not quick to exit in adversity. And if you are not quick to take advantage of that "adversity" and trade the other way setup. As you all can see, this is an area I am very weak at.
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  • #13,479
  • Jul 15, 2010 5:07am Jul 15, 2010 5:07am
Quoting vincecyc
Interesting.
May I ask what is the profit target & the stop loss level for this Short trade here?
Thank you very much
Shown on the chart in the post you refer to:

EP (average for the 2 parts) is the black line. TP is the blue line. And the SL is the red line. The target is tentative. It probably will not be reached today because it is beyond the average range, and because the profs are keeping this upsy-downsy crap going. But maybe tomorrow will be different. Tomorrow I might reset the TP based on what I see between now and then.
  • #13,480
  • Jul 15, 2010 5:12am Jul 15, 2010 5:12am
Quoting traderathome
Shown on the chart in the post you refer to:

EP (average for the 2 parts) is the black line. TP is the blue line. And the SL is the red line. The target is tentative. It probably will not be reached today because it is beyond the average range, and because the profs are keeping this upsy-downsy crap going. But maybe tomorrow will be different. Tomorrow I may reset the TP based on what I see between now and then.
Ops.. sorry I miss It

Thank for pointing Out

Happy Trading
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