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Sonic R. System

  • #15,201
  • Nov 19, 2010 1:00pm Nov 19, 2010 1:00pm
EU:

With the notable selloff during the London session, followed by heavy trading on the downward move during the early US session, no doubt 1.3700 was the level that put the heebe jeebies into the bulls! But the longer they can keep this high, the more opportunities they can manufacture to coax others into taking their long positions off their hands, so they can switch to the balancing short side positions.

Warning: Speculation.
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  • #15,202
  • Nov 19, 2010 1:10pm Nov 19, 2010 1:10pm
GU:

With the notable selloff during the London session, followed by heavy trading on the downward move during the early US session, no doubt 1.6100 was the level that put the heebe jeebies into the bulls! But the longer they can keep this high, the more opportunities they can manufacture to coax others into taking their long positions off their hands, so they can switch to the balancing short side positions.

Warning: Speculation.
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  • #15,203
  • Nov 21, 2010 8:04am Nov 21, 2010 8:04am
Quoting traderathome
GU:

With the notable selloff during the London session, followed by heavy trading on the downward move during the early US session, no doubt 1.6100 was the level that put the heebe jeebies into the bulls! But the longer they can keep this high, the more opportunities they can manufacture to coax others into taking their long positions off their hands, so they can switch to the balancing short side positions.

Warning: Speculation.
Hola TAH..
Weekly was still a Down candle..
I will still be short bias...
and of course..trade what you see..

Sonic
  • #15,204
  • Nov 21, 2010 12:28pm Nov 21, 2010 12:28pm
Quoting sonicdeejay
Hola TAH..
Weekly was still a Down candle..
I will still be short bias...
and of course..trade what you see..

Sonic
At last ... Where were you sonic ? long time no see ...

Regards,
Basber
Trading methods are designed to put the odds in our favor, not predicting.
  • #15,205
  • Nov 21, 2010 3:54pm Nov 21, 2010 3:54pm
Quoting traderathome
GU:
With the notable selloff during the London session, followed by heavy trading on the downward move during the early US session, no doubt 1.6100 was the level that put the heebe jeebies into the bulls! But the longer they can keep this high, the more opportunities they can manufacture to coax others into taking their long positions off their hands, so they can switch to the balancing short side positions.
Warning: Speculation.
Hello,
What do you mean by "1.6100 was the level that put the heebies jeebies into the bulls!"? Who are the "they" (can keep this high) and who are the "others" (coax into taking long positions off their hands)? Taking long positions "off their hands" means close long positions right?

"balancing short side positions" is some kind of hedging? to balance something?

Thanks,
  • #15,206
  • Nov 21, 2010 4:14pm Nov 21, 2010 4:14pm
SL hit, trade close. Every time i try to be clever, i loose more.
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  • #15,207
  • Nov 21, 2010 4:26pm Nov 21, 2010 4:26pm
Quoting dksolo
SL hit, trade close. Every time i try to be clever, i loose more.
I read the SonicR Manual from post#1, and saw that CCI and QQE and NVO was used to confirm the entry. Do you use all these indicators for your entry?
  • #15,208
  • Nov 21, 2010 6:15pm Nov 21, 2010 6:15pm
Quoting bstay2
I read the SonicR Manual from post#1, and saw that CCI and QQE and NVO was used to confirm the entry. Do you use all these indicators for your entry?
I use dragon and sonicr trend line with nvo. I think my last EU trade was not a clear one with the dragon above sonicr trend line. I tried to go short at the first wave from 4H resistance but its look like i couldn't spot the correct area. 1.3780 - 1.3820 zone seems like better for such a trade.
I usually move my SL at BE if i have 30 pips i had this chance but i was away and SL hit.
As a new sonicer i think i should fully learn basics before that kind of trades.
  • #15,209
  • Nov 21, 2010 7:30pm Nov 21, 2010 7:30pm
Thanks. I've been reading up the posts ..... you are the only one so far discussing your stopped trades. So far all I see are winners :-)
  • #15,210
  • Nov 21, 2010 9:34pm Nov 21, 2010 9:34pm
Quoting bstay2
Hello,
What do you mean by "1.6100 was the level that put the heebies jeebies into the bulls!"? Who are the "they" (can keep this high) and who are the "others" (coax into taking long positions off their hands)? Taking long positions "off their hands" means close long positions right?

"balancing short side positions" is some kind of hedging? to balance something?

Thanks,
1. I mean that is a level that prompted some bulls to sell!
2. "They" are the PPMs (Professional Price Manipulators: Central Bank trading desks, giant hedge funds, etc.).
3. "Others" are the unsuspecting traders that think going long is a good idea way up here!
4. Yes.
5. No. It means for every short opened, someone must be opening a long, hence balancing.
  • #15,211
  • Nov 21, 2010 9:40pm Nov 21, 2010 9:40pm
Quoting sonicdeejay
Hola TAH..
Weekly was still a Down candle..
I will still be short bias...
and of course..trade what you see..

Sonic
Well, gosh a-mighty! Glory Be! Land sakes alive! I'll be doggone! Jimminy crickets! Holy smokes! .......

......Sonicdeejay lives! (Praise the Lord).
  • #15,212
  • Nov 21, 2010 10:44pm Nov 21, 2010 10:44pm
Market Outlook Comment:

USD pairs have been moved against the dollar, some with gaps at the week open. And all this without any important news coming for at least half a day or longer, and no USD releases until tomorrow! So, this very much looks like the PPMs once again pumping the price for shorting. For example, there is no reason for EU or GU or AU to go up this early in the new week on the basis of any news on the euro, pound or aussie dollar. But there is a reason to pump the pairs on the basis that "short season" has already begun, and any opportunity to regain the high ground for better shorting shall be taken advantage of.

Warning: Speculation!
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  • #15,213
  • Nov 21, 2010 10:54pm Nov 21, 2010 10:54pm
Looks like GU is hanging on a nice line near 1.60x area.. Can swing to the both side. I do have a short bias as mentioned and promise myself to review it every 4 hr or d1...

Cheers
Sonic
  • #15,214
  • Edited 12:48am Nov 22, 2010 12:29am | Edited 12:48am
GU:

A very "symmetrical" chart. Price has been moved up to the FR 50% level, which also was previous R turned S, and now maybe R again. But, like Sonic said, it could go either way.

I too, am biased short. Heck, I have a short trade running on this! And after the move down Friday, I just think the market movers have it back up for no other reason than to have some more time to build their short positions again. There are no GBP or USD releases until tomorrow, so they have a good amount of time to go to work.

WARNING: Speculation.
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  • #15,215
  • Nov 22, 2010 7:13am Nov 22, 2010 7:13am
Get set ..go

Sonic
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  • #15,216
  • Nov 22, 2010 7:17am Nov 22, 2010 7:17am
PA touched 1.3780, FE hit TP2.
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  • #15,217
  • Edited 10:47am Nov 22, 2010 10:28am | Edited 10:47am
Quoting dksolo
PA touched 1.3780, FE hit TP2.
Congratulations, dksolo! Feels good, doesn't it?

I have a lower averaged EP from last week, so I'm going to have to hold on for at least another leg down.
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  • #15,218
  • Edited 12:09pm Nov 22, 2010 10:50am | Edited 12:09pm
Quoting traderathome
Congratulations, dksolo! Feels good, doesn't it?

I have a lower averaged EP from last week, so I'm going to have to hold on for at least another leg down.
Yes especially after a loosing trade...
I am trying to figure out Sonic's post. May you help me out?

Edit: Got it. Thanks alot TAH.
  • #15,219
  • Nov 22, 2010 10:55am Nov 22, 2010 10:55am
GU:

The high impact USD releases happen tomorrow. I shouldn't be surprised to see another pump before then. But price has fallen to the FR 62% level on the Weekly, so I remain short biased.
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  • #15,220
  • Edited 11:48am Nov 22, 2010 11:06am | Edited 11:48am
Quoting dksolo
Yes especially after a loosing trade...
I am trying to figure out Sonic's post. May you help me out?
I"ll try. You see the red, black and green horizontal lines....SL, EP and TP. He was just flagging for our attention that price had just passed down thru the center of the Dragon (his blue line). And, in his case, instead of waiting for an EP below a candle that closed below the Dragon, he entered just after the close of the candle that broke the Dragon centerline. He derived confidence in the early entry by the three very bearish candles down from the high.
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