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Sonic R. System

  • #13,681
  • Edited 12:39pm Jul 21, 2010 12:05pm | Edited 12:39pm
Just came back from an official journey and see the trades from yesterday:
EU +62pips TP hit
GU -29pips SL hit (down move happend but the pumping price up kicked me out)

Overall result is positive, what is good.
Follow my trading on Twitter and FB: @pumlitch
  • #13,682
  • Jul 21, 2010 5:19pm Jul 21, 2010 5:19pm
To follow up on my GU trade from this morning, my 100 pip target was reached. I could get used to this!!

But I won't...
"Be the change that you wish to see in the world." --Gandhi
  • #13,683
  • Jul 21, 2010 7:25pm Jul 21, 2010 7:25pm
Quoting traderathome
EU:

A second potential TP is added to the potential SonicR short trade.

The enlarged view M15 shows the potential wave that could trigger the setup, if the early euro traders don't put it on a back burner with another pump first.
EU Short Trade Closed:

When the first run of the two runs down failed to reach TP1, I pulled it, leaving all for TP2. Finally, late in the US session, TP2 was reached.

Trade closed for 134 pips profit.
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  • #13,684
  • Jul 21, 2010 10:23pm Jul 21, 2010 10:23pm
Hi TAH
Is there any way not to display the Data Comment window
of the Market Panel Display Controller Ind.
in the upper left corner like in your Pivot Indicator ?
Tks
David
  • #13,685
  • Jul 21, 2010 10:25pm Jul 21, 2010 10:25pm
Masterpiece of PA reading , patience and .....


Quoting traderathome
EU Short Trade Closed
Trade closed for 134 pips profit.
  • #13,686
  • Jul 21, 2010 11:41pm Jul 21, 2010 11:41pm
Quoting david4u
Hi TAH
Is there any way not to display the Data Comment window
of the Market Panel Display Controller Ind.
in the upper left corner like in your Pivot Indicator ?
Tks
David
No. It was not coded to be turned off apart from the rest of the indicator functions.
  • #13,687
  • Edited 12:23am Jul 22, 2010 12:04am | Edited 12:23am
EU Watch:

The FR study on the H4 chart shows the 24% retrace level at 1.2800. The central pivot today (GMT) is 1.2801. Yesterday the euro session traders first pumped the price up to the central pivot before starting the first leg of a 170+ pip drop. They might do it again.

The FR 38% retrace level is also a pullback target, and it aligns nicely with previous support on M15. This is the move I feel is most likely before any more downside. They might reverse PA at the 38% retrace level and do a bear move towards the FR 27% expansion level; the 1.2650 area. Just an opinion.

This is all speculation. So, like Sonicdeejay says, "Let the market decide."
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  • #13,688
  • Edited 12:44am Jul 22, 2010 12:28am | Edited 12:44am
EU Long Trade Opened:

Looking for a run up before more downside. There is support turned resistance in the area of the next higher half number, where TP is. There is also resistance in the area just above the next higher whole number, and PA could fail there and never make it to TP.

The H4 shows my imaginings that there could be a long trade and then a short trade today; black line up, then down.
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  • #13,689
  • Jul 22, 2010 12:35am Jul 22, 2010 12:35am
Quoting traderathome
EU Short Trade Closed:

When the first run of the two runs down failed to reach TP1, I pulled it, leaving all for TP2. Finally, late in the US session, TP2 was reached.

Trade closed for 134 pips profit.
Very nice ,
  • #13,690
  • Jul 22, 2010 1:15am Jul 22, 2010 1:15am
Quoting traderathome
EU Long Trade Opened:

Looking for a run up before more downside. There is support turned resistance in the area of the next higher half number, where TP is. There is also resistance in the area just above the next higher whole number, and PA could fail there and never make it to TP.

The H4 shows my imaginings that there could be a long trade and then a short trade today; black line up, then down.
Price is 1.2752
  • #13,691
  • Edited 1:42am Jul 22, 2010 1:31am | Edited 1:42am
Quoting POSTiGA
Price is 1.2752
Yep. Looks like they pulled it down to load up for the run up....before the next run down! ....

Still in it, though. (My SL is always mental while at computer.)

Look at NVO! They dropped the price and then in comes the heavy trading! So it clearly looks like a buying maneuver. These prof traders are greedy, so maybe a 60+ pip run up was not lucrative enough for them. By slamimg the price down and buying in lower they are adding another 30 +/- pips to their potential profits. They may turn this into a 100+ pip run up for themeslves before it is all over with!

If PA does indeed breakout upwards, then now that they have played this hand for themselves, I should think the next higher half number 1.2850 would definately be a target area.
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  • #13,692
  • Jul 22, 2010 2:04am Jul 22, 2010 2:04am
EU Watch:

The NVO study on M5 shows everyone is getting in on the act! First, the US traders yesterday loaded up at the bottom of yesterday's run. Then today, the asian profs did the same. And now the euro traders are doing it, starting with the "Frankfurt Head Fake", which is nothing more than another manipulation of the price downwards for buying in at lower prices. People will look at this as a bear move, when in reality it is a manufactured move down to BUY!

Now, the questions are, will the London boys do the same? Will the greedy US profs want to double dip, too?

WARNING: Speculation!
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  • #13,693
  • Edited 3:08am Jul 22, 2010 2:38am | Edited 3:08am
EU Watch, Long Trade Update:

It seems that each arena of professional traders (asian, euro, US) have all made impressive preparations for a move higher. So I am adding a second TP. It is about 100 pips above my SonicR long entry near the range high mark, and about in the middle of one of yesterdays consolidation areas. It also happens to turn out to be the FR 50% retrace level on the previously posted H4 chart. I could go for the next higher whole number, but I am going to be conservative because I still look at this as a counter trend move; just a pullback before another move lower.

If this move up is a good one, then the next move down might not come until tomorrow.

If PA makes it to TP1 during the London session before the US open, then I plan to close the trade there. This is because I suspect the US open traders will not want to join in on the drive up from that level, and will likely drive PA down a bit first, if the London boys have not done it already. By closing the trade at TP1, I can re-enter lower if either the London, or the US traders do a drive down before a second leg up. If there is no drive down, I will have to decide later whether or not to re-enter higher in order to catch whatever remains up to TP2. That would be high risk since I cannot be sure TP2 will be reached. So I might only do it if PA is dropped back to TP1 area sometime before truely moving on towards TP2.
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  • #13,694
  • Edited 4:17am Jul 22, 2010 3:14am | Edited 4:17am
trades initiated:
edit + eur/jpy trade initiated
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  • #13,695
  • Jul 22, 2010 3:18am Jul 22, 2010 3:18am
NVO Comparison:

Here is another comparison of NVO on FXDD and IBFX. FXDD is the first chart, and has a lot less trading activity on their broker server than does IBFX. Look at the difference in the trades! These screen shots were taken one right after the other.

Yet, in spite of the incredible difference in the levels of activity on the servers of these two brokers, look how NVO still manages to show similar alerts to increased activity in the market!
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  • #13,696
  • Jul 22, 2010 3:22am Jul 22, 2010 3:22am
Quoting tushka
trades initiated:
I am in the same trades with almost exactly the same parameters
Follow my trading on Twitter and FB: @pumlitch
  • #13,697
  • Jul 22, 2010 3:56am Jul 22, 2010 3:56am
EU Long Trade Closed:

TP1 reached. Trade is close with 62 pips profit.

I will look for a pullback, either by London traders or US traders, for re-entry and another leg higher.
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  • #13,698
  • Jul 22, 2010 4:09am Jul 22, 2010 4:09am
Quoting traderathome
EU Long Trade Closed:

TP1 reached. Trade is close with 62 pips profit.

I will look for a pullback, either by London traders or US traders, for re-entry and another leg higher.
Hi Bro,
which area u will re-entry?
Do you also use sonicR on other pairs?

Thank's
  • #13,699
  • Jul 22, 2010 4:25am Jul 22, 2010 4:25am
Quoting asen
Hi Bro,
which area u will re-entry?
Do you also use sonicR on other pairs?

Thank's
I have placed a buy order about in the center of previous consolidation above the whole number. This is conservative, because a strong drive down could take PA below the whole number, maybe even right back to the SonicR EP! If that happens, and I am at the computer at the time, I might add a second amount down there. TP2 is at range high/ three quaarters number area.

I prefer to trade EU above all, but only because of the low spread. The SonicR method can be used on anything....forex, stocks, futures, etc.
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  • #13,700
  • Jul 22, 2010 4:31am Jul 22, 2010 4:31am
Thank you for sharing sonic... nice one... I can see how u can pin down where to buy/sell... genius idea... now I know why.... actually someone have already combine all that... but I dont know why its been done like that....

Thanks again...
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