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Sonic R. System

  • #14,261
  • Aug 20, 2010 11:29am Aug 20, 2010 11:29am
Quoting traderathome
Good trading, DanPa! Congrats.

When you posted earlier, " EU : BUY at 1.2832...", I was sure you were ready for the lunatic asylum!

I was quote-ing PARSFX trade not posting my trade...

You didnt pay attention anymore! LOL
  • #14,262
  • Aug 22, 2010 9:43am Aug 22, 2010 9:43am
Quoting Hunt4pips
Thinking about holding my uj trade as a long term position with target 88.00
any thoughts?

Attachment
I'm planning to take profit @ 87.50

Regards,
Basber
Trading methods are designed to put the odds in our favor, not predicting.
  • #14,263
  • Aug 22, 2010 10:41pm Aug 22, 2010 10:41pm
Hi, just wanted to show why i love Fibonacci Expansion and how those who do not know yet where to set TP can use it when trading SonicR. I took this trade along with TAH and Basber, set FE on wave, TP on FE 161.8, and it worked exactly by one pip. [email protected] whereas FE line was on 85.81.
Good luck !
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Patience is the key.
  • #14,264
  • Aug 23, 2010 6:56am Aug 23, 2010 6:56am
guys...

forex101 again..
I cant seem to find mt4 free demo download,,

where can I find?

Sonic
  • #14,265
  • Aug 23, 2010 7:02am Aug 23, 2010 7:02am
For example here: http://global.fxdd.com/en/index.html
  • #14,266
  • Aug 23, 2010 9:12am Aug 23, 2010 9:12am
Quoting sonicdeejay
guys...

forex101 again..
I cant seem to find mt4 free demo download,,

where can I find?

Sonic
Maybe this one can work.
http://www.fxsol.co.uk/downloads/met...r-download.asp
  • #14,267
  • Aug 23, 2010 9:44am Aug 23, 2010 9:44am
Quoting traderathome
Long Trade Opened:

Made early entry off support of whole number. Can add at SonicR EP when setup occurs. The risk of this early entry is that the Frankfurt or even the London traders could whip this back down even lower, so that they can gain the advantage of lower entry prices, and causing me to miss an even lower early entry myself.
USDCHF Long Trade Closed:

I closed the trade just below DR1, for 80 pips profit. This is well below the range high possibility for today, but things seem sluggish all around, and it is just Monday. So plenty more opportunities may come this week. Even if it keeps going, I am content with having extracted this gain for now.
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  • #14,268
  • Aug 23, 2010 10:20am Aug 23, 2010 10:20am
EU Watch:

Traders drove this 50 pips lower after a 200 pip drive down over the previous two sessions. One might surmise they are closing their shorts during the very high trading activity going on at these new lows around the half number.

So, the question becomes, are they exchanging for longs, which would prompt a drive up to claim more profits? Or, will they simply pump the price over the next day or so, and THEN go short again?

This may be worth watching. Maybe the asian session tomorrow will give a clue.

Let the market decide.
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  • #14,269
  • Aug 23, 2010 10:43am Aug 23, 2010 10:43am
Got in GU after all the news and good H,L,LH sequence lined up and an entry bar.

Right away went 20 pips in my favor, then proceeded to slowly range...........what fun!!!!!..... 0,+11, -30.

Finally in the US session it went my way and I locked in +30. (Glad I did, as of this it's almost retraced back to my entry)

I could have had almost the same entry had I just got up in the US session.

LOL, I picked GU because I thought it would have a good run and EU did better.
  • #14,270
  • Edited 11:35am Aug 23, 2010 11:16am | Edited 11:35am
UJ:

Another one to watch because PA is being traded in a very tight range "floating" just above the whole number. And with the takedown just before the US open today, the trading activity thru the "approved hours" was increasingly above average, indicating buying at the lows.

Since PA pierced the whole number two sessions back, the PPMs might put it down into that area again, if they plan a run northwards for good pips. Another takedown like that I imagine would not happen until tomorrow. Otherwise, a possible late session starting move today?

WARNING: Speculation!
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  • #14,271
  • Aug 23, 2010 12:32pm Aug 23, 2010 12:32pm
Quoting DanPa
SHORT EU ... +100 pips

I've looked closely at your chart for nearly 15 mins, I'm still uncertain why you took the trade or what indicated you to get in the trade.

Would you care to enlighten this newbi trader please?

Thanks
  • #14,272
  • Aug 23, 2010 5:55pm Aug 23, 2010 5:55pm
Quoting Agent-Pipen
I've looked closely at your chart for nearly 15 mins, I'm still uncertain why you took the trade or what indicated you to get in the trade.

Would you care to enlighten this newbi trader please?

Thanks
DanPa may want to answer this himself, but it is clear that he drew in red lines the HL sequence wave preceding entry. Look again at his chart, and mine, and perhaps it will then be clear.
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  • #14,273
  • Edited 7:19pm Aug 23, 2010 6:20pm | Edited 7:19pm
Quoting traderathome
EU Watch:

Traders drove this 50 pips lower after a 200 pip drive down over the previous two sessions. One might surmise they are closing their shorts during the very high trading activity going on at these new lows around the half number.

So, the question becomes, are they exchanging for longs, which would prompt a drive up to claim more profits? Or, will they simply pump the price over the next day or so, and THEN go short again?

This may be worth watching. Maybe the asian session tomorrow will give a clue.

Let the market decide.
The asian session traders depressed price a bit more, then poured...I mean REALLY POURED on the activity....which sure seems to indicate buying! I mean, why would they knock down the price and then do a lot of selling?

Anyway, this is just the first clue, and this is just the asian session. If the asian traders think this is going to be run upwards by the euro/US PPMs, then we might look for those PPMs to first take another crack at knocking it down some themselves.

Let the market decide.
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  • #14,274
  • Edited Aug 24, 2010 10:42am Aug 23, 2010 7:16pm | Edited Aug 24, 2010 10:42am
USDCHF:

Interesting situtation here. FXDD raised spread from 3 to 9 pips! I called them. They report high demand for currency forced them to increase spread. Maybe their liquidity provider raised some cost to them. I was a bit miffed, but checked InterbankFX and found a 3-4 pip spread (flucuating), but their bid price was 6 pips higher than FXDD, so it kind of equalized out.

Nevertheless, something is going on with this pair. So it might be something to keep an eye on.

Edit (15 hrs later): Added second chart. Ok, so now we know the "demand" was on the shorting side. Those that knew, or suspected what was to come, were grabbing up shorts...so much so as to create an imbalance in the currencies; too many buying the swissy and selling the dollar. And not enough traders on the other side of that to keep a "balance" on the books of the central banks. This rapid, steep drop opens the door to a "Cliff Trade".....going long anywhere near the bottom (around the whole number?), and wait. Such a drop should normally be followed in time with a rebound. The better the drop, the better the rebound. And this was a nice drop. WARNING: This is highly speculative. This is not SonicR!
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  • #14,275
  • Edited 11:06am Aug 24, 2010 10:56am | Edited 11:06am
Quoting traderathome
The asian session traders depressed price a bit more, then poured...I mean REALLY POURED on the activity....which sure seems to indicate buying! I mean, why would they knock down the price and then do a lot of selling?

Anyway, this is just the first clue, and this is just the asian session. If the asian traders think this is going to be run upwards by the euro/US PPMs, then we might look for those PPMs to first take another crack at knocking it down some themselves.

Let the market decide.
Yes, the euro traders did knock it down more themselves. All this preceeding the US Existing Homes Sales Release, at which time price was quickly pumped back to yesterday's range! The longer term trend (H4) is down. But the knowing PPMs used the US release to reset the price higher again.

WARNING: Speculation!

Time now to let the dust settle and see what the market next decides.....
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  • #14,276
  • Aug 24, 2010 11:34am Aug 24, 2010 11:34am
UJ, Worth Watching?:

Once again, price has hit the 15 year lows (see Monthly chart). The PPMs are still promoting the false "Truth" (dollar weakness), so what better time to be a "buyer" going "dollar long"?

It is after "approved hours" and an EP Zone has been marked on the M15. Time to watch to see what the market decides?
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  • #14,277
  • Aug 24, 2010 5:44pm Aug 24, 2010 5:44pm
UJ:

It now has proper HL sequence for a SonicR long trade. And price is currently in the EP Zone. The fly in the ointment is that this is happening well before "Approved Hours". Still, it had a good run down (against dollar strength) yesterday, and could do a nice rebound today.

I am in this long, and averaged down my entry price yesteday. But I still have another 50 pips to wait before the trade goes profitable.
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  • #14,278
  • Aug 24, 2010 10:03pm Aug 24, 2010 10:03pm
Quote
I am in this long, and averaged down my entry price yesteday. But I still have another 50 pips to wait before the trade goes profitable.

In as well from 84.21......go the greens.
  • #14,279
  • Aug 25, 2010 2:00am Aug 25, 2010 2:00am
My 9th SonicR Trade (Live).

Executed Order.
EUR/USD - Short
Date: 25-Aug-10
Time: FxPro 08:00
Entry: 1.2635
SL: 1.2695 (-60 pips) (Between midway H and LH)
TP: 1.2575 (+60 pips) (Just Below Yesterday's Low)

Current Price: Around 1.2663

Reasons:
H-L-LH Wave formation.
Sonic Dragon down.
Price retrace up Above Sonic Dragon.
Price went Down past Sonic Dragon.

Attached:
H4 chart for Support & Resistance
M15 Entry, SL, TP.

I will inform of exit result no matter it is profit or loss.

** Please comment on analysis.

Thanks,
FB.

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  • #14,280
  • Aug 25, 2010 2:05am Aug 25, 2010 2:05am
My 10th SonicR Trade (Live).

Executed Order.
GBP/USD - Short
Date: 25-Aug-10
Time: FxPro 08:00
Entry: 1.5412
SL: 1.5482 (-70 pips) (Above H)
TP: 1.5342 (+70 pips) (Just Below Yesterday's Low)

Current Price: Around 1.5412

Reasons:
H-L-LH Wave formation.
Sonic Dragon down.
Price retrace up Above Sonic Dragon.
Price went Down past Sonic Dragon.

Attached:
H4 chart for Support & Resistance
M15 Entry, SL, TP.

I will inform of exit result no matter it is profit or loss.

** Please comment on analysis.

Thanks,
FB.

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