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Sonic R. System

  • #15,161
  • Edited Nov 17, 2010 12:57am Nov 16, 2010 9:41pm | Edited Nov 17, 2010 12:57am
EU:

Possible counter trend SonicR long setup. We have SR 45+ pips above EP zone, and TL a bit higher than that, coming down with time. So, there could be a pullback in the overall M15 downtrend that takes PA back up above the upper half number.

I am waiting for price to drop to around the lower whole number for a long entry, very light.

Edit: Add H1 chart mirroring M15 Dragon, Trend Line and 200 sma line (green). This is pure speculation. PA may be pumped before more downside. There high and medium impact USD releases coming, so PA might be pumped leading into those releases, and then the releases used as a trigger to drive PA right back down . But if PA is to be pumped in advance of the releases, the euro traders might first drop it a bit to load up on the long side for the pump up. The blue lines on the H1 chart depict this speculation.

Edit: Entry buy orders at 1.3500, 1.3494 and 1.3486 are filled. One at 1.3478 remains pending.

As always, let the market decide. Trade what you see (not what you expect).
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  • #15,162
  • Nov 17, 2010 1:30am Nov 17, 2010 1:30am
GBP/USD 10 min bearish channel
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  • #15,163
  • Edited 2:43am Nov 17, 2010 2:30am | Edited 2:43am
EU:

Since the drop yesterday price has been consolidating about the whole number. The next move might be up or down. But some sort of retrace upwards might be in order before further substantial downside. I have entered long (EP average 1.3484) and placed my target area per attached chart. If this does move up, then a SonicR long setup should occur, and I might add to the trade in the area indicated, should that happen.

Warning: This is an above average speculative trade, counter trend, and not yet a SonicR setup!

Let the market decide.
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  • #15,164
  • Nov 17, 2010 2:44am Nov 17, 2010 2:44am
Hello Tah,what do you think about gbpusd upcoming long setup if the waves generated?

Im waithing for this setup
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  • #15,165
  • Edited 3:21am Nov 17, 2010 2:52am | Edited 3:21am
Quoting Doncex
Hello Tah,what do you think about gbpusd upcoming long setup if the waves generated?

Im waithing for this setup
GU:

It could do a turn up, of course. There is a high impact GBP release in a bit over half an hour from now, and it could do so after then. It has had a substantial run upwards for some time (see Weekly). It is due for a trend reversal, and yesterday may have been the start, especially since EU has been falling good and GU needs to play catch-up. So, personally I'd prefer trading the short side now. There are USD releases later. So even if it does move up, it might make a good move down later.

This is all speculation. You know the rule....."Let the market decide."
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  • #15,166
  • Nov 17, 2010 3:34am Nov 17, 2010 3:34am
H1 looks much cleaner then the last short trade while M15 is almost turning long. I have no courage for FE. Let the market decide ?
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  • #15,167
  • Nov 17, 2010 5:33am Nov 17, 2010 5:33am
Bear Flag expanding
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  • #15,168
  • Nov 17, 2010 7:01am Nov 17, 2010 7:01am
Quoting traderathome
GU:

It could do a turn up, of course. There is a high impact GBP release in a bit over half an hour from now, and it could do so after then. It has had a substantial run upwards for some time (see Weekly). It is due for a trend reversal, and yesterday may have been the start, especially since EU has been falling good and GU needs to play catch-up. So, personally I'd prefer trading the short side now. There are USD releases later. So even if it does move up, it might make a good move down later.

This is all speculation. You know the rule....."Let...
Thanks for comment Tah.
gbp/usd long setup not going to take,risk trading on this time
It is too dangerous,too big stopplos,and also shorts bears waves in 1H tf
  • #15,169
  • Nov 17, 2010 12:12pm Nov 17, 2010 12:12pm
EU Long Trade Update:

Price just missed my TP of 1.3566 by one pip, then fell off. One of two courses are now most likely. Either that was the run up and price will stagnate until tomorrow EUR and USD releases, or since price has retreated to the SonicR EP zone, maybe there will be some consolidation and another run higher. It is possible PA will go higher into tomorrow's EUR release, then stay up until tomorrow's USD releases which might trigger a move back down.

I have set a SL to protect at least some of the profits in case it just falls from here. And the TP is raised some, in case we do get another leg up.
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  • #15,170
  • Nov 17, 2010 4:40pm Nov 17, 2010 4:40pm
EU:

We have a SonicR setup here. Only it is well before the new session prime hours. The asian session does occassionally do itself proud, and it could happen that they manage a run up today. We'll see. I am already in this long with a target just below the upper whole number. Technically, a whole number to whole number move is quite reasonable. And PA has already spent quite a bit of time at the lower whole number area.
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  • #15,171
  • Nov 17, 2010 6:36pm Nov 17, 2010 6:36pm
Reinstated the 1.3566 TP from yesterday, in the event PA simply makes it back to that area and collapses; a double top. Yesterday, PA fell short of this target by 1 pip, and I'm thinking it may hit it today.
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  • #15,172
  • Nov 17, 2010 6:47pm Nov 17, 2010 6:47pm
EU:

Just closed the trade at TP1 for 80 pips profit. Will sit back a while and see what next develops.
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  • #15,173
  • Nov 17, 2010 7:54pm Nov 17, 2010 7:54pm
GU:

EU set up earlier and made a small upside move. Now GU may do a run, too, in the opposite direction. This is the asian session; not prime time for SonicR. But, you never know. I am already in this short.

Let the market decide.
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  • #15,174
  • Nov 17, 2010 9:30pm Nov 17, 2010 9:30pm
Quoting traderathome
EU:

We have a SonicR setup here. Only it is well before the new session prime hours. The asian session does occassionally do itself proud, and it could happen that they manage a run up today. We'll see. I am already in this long with a target just below the upper whole number. Technically, a whole number to whole number move is quite reasonable. And PA has already spent quite a bit of time at the lower whole number area.
Not such a small move; better than 50 pips from EP zone already!

Speculation: And note how GU is not so airborne! Makes me think these are both going to get hammered! Pure speculation.

Let the market decide.
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  • #15,175
  • Nov 18, 2010 1:54am Nov 18, 2010 1:54am
Hello everyone Im in gbp/usd long from yesterday,it was a nt sonic R setup,but I take this long with small stoploss and long take profit,of course support zone (15min) helps me to decide what to do and long sonic Wave was very big so now Im in long

Now at this time
takeprofit is on 1.5957.
stoploss is on breakeven
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  • #15,176
  • Nov 18, 2010 3:06am Nov 18, 2010 3:06am
Quoting Doncex
Hello everyone Im in gbp/usd long from yesterday,it was a nt sonic R setup,but I take this long with small stoploss and long take profit,of course support zone (15min) helps me to decide what to do and long sonic Wave was very big so now Im in long

Now at this time
takeprofit is on 1.5957.
stoploss is on breakeven
gbp/usd hit stoploss on breakeven
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  • #15,177
  • Edited 6:35am Nov 18, 2010 5:24am | Edited 6:35am
Quoting Doncex
gbp/usd hit stoploss on breakeven
GU:

The Lonodon Open PPMs drove it down quick and hard to pick up some low long positions for the 100 pip ride up that they knew they were going to execute in advance of the GBP release. And now they have it up there well in advance of the high impact USD releases.....plenty of time to sell off those long positions and go short (speculation).

Anyway, the lesson here is that the London traders can "make a difference" and it is a good idea to get those vLines on your chart! Also, if you believe in your trade, consider removing your SLs going into the London and US opens. Either that, or set the SL to BE+ more profit, because these guys can whipsaw PA 50-100+ pips in the wink of an eye, if they want to. Part of the intent of such downwards whipsawing price manipulation is to run stops, which increases liquidiity and enables the PPMs to get more of their low long orders filled! And it is a reason I do not like trading with SLs, at least not if I have real confidence in the trade. So, if you set your SL to BE+ more profit, when you get taken out, at least you will have made more in the process.

I am in this short. Personally, I am waiting for the USD releases. And if PA gets pumped to/above the nearby upper whole number, I am thinking of adding to this short.
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  • #15,178
  • Edited 8:30am Nov 18, 2010 7:52am | Edited 8:30am
GU:

The first of the USD high impact releases has happened. So far there is no price reaction. That doesn't mean that it can't happen at any moment now, however.

What will be interesting is to see if the price holds up thru the next high impact releases and then falls. If that happens, then we will have our confirmation that the PPMs strategized the pre-GBP release pump (with a whip down first to run stops and take on low priced long positions for the pump up) in order to regain the high ground for shorting in advance of the USD releases. All of which would add up to up/down.....essentially no change, but a lot of money made (or later to be made) by the PPMs! We'll see what happens.
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  • #15,179
  • Nov 18, 2010 8:06am Nov 18, 2010 8:06am
EJ:

Added to short. New EP short average now a bit higher.
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  • #15,180
  • Nov 18, 2010 9:49am Nov 18, 2010 9:49am
Quoting traderathome
GU:

The Lonodon Open PPMs drove it down quick and hard to pick up some low long positions for the 100 pip ride up that they knew they were going to execute in advance of the GBP release. And now they have it up there well in advance of the high impact USD releases.....plenty of time to sell off those long positions and go short (speculation).

Anyway, the lesson here is that the London traders can "make a difference" and it is a good idea to get those vLines on your chart! Also, if you believe in your trade, consider removing your SLs going...
Thanks for instructive comment Tah,always good to hear your comments with instructive setup pictures.

I know now in gbpusd pair is bears wave (4 H. Tf zone like in your Pic

Others trades I will take a shorts setups

Welcome to short setups season ;D
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