Sonic R. System

GU:

Since the last post, FFCal has upgraded the GBP release "MPC Member Posen Speaks" from medium to high impact. And the US traders started another leg down. This could be anticipated as bad for GBP, and price is falling accordingly. Or, this could be anticipated as good, and the market movers want to bottom the price, unload their shorts and switch to longs. There is just no telling.

I am thinking of closing the trade so that if price is re-pumped I can enter short higher again. If I do, but then price continues dropping, I'll just have to lick my wounds while waiting for another pullup.

GU:

Price has been pulled up to area of previous R, turned S, and maybe now R again (bold red line). I have set target for today. If not reached, the TP will be revised for tomorrow. If there is more drop today (maybe TP gets reached, maybe not) I'd sort of expect tomorrow's asian and euro market movers to try a pump, possibly to the area of the upper whole number. But, who knows.

hello guys, sorry to bother but I just want to ask you for a favor if you can attach here templates and indicators which is needed that my chart will looks like yours I think I have the old version, Thank you for help.

1. Please post your chart so we can see what you consider to be the "old" version.

2. You should be able to trade SonicR with just the Draqon and Trend, per the attached chart.

3. The original sonicr zip file contains both the Dragon and Trend and other things, but if you feel the need for more stuff, the forerunner of soon to be released upgrade templates is here: http://www.forexfactory.com/showpost...ostcount=12483

TP hit,,
Had a gd catch, the fish is fresh..


Sonic

P.S wonder where has rastaman gone to,hope he learn the ugly truth of technical analysis n doing well...

What's this? The Master's post without a pic??

Rastaman went by way of J16, I think. He always was into analyzing individual candles and formations thereof.....seemed to enjoy that stuff. So, maybe SonicR was just too uncomplicated for him.

Yours was a "nailed it" trade, Sonic! A good example well worth charting for the benefit of the thread.

Unfortunately, I've been married to my GU short trade for so long, I just have to hold for at least another leg down to try and make it all seem worth while.

EJ, A Lesson:

PA in the attached M30 (used to illustrate) looks to be making a good WAVE (lower H/Ls), with price now near EP zone (yellow rectangle). But note that PA is also again at SR (bold red line) and that it is still hours from prime time trading.

So, before simply entering on the basis of the WAVE formation, one might consider the possibility that the asian market movers have simply made a small selloff, but will work the price back higher. And if they don't, maybe the early euro traders will, because this had a good run down yesterday and so far there has not been any substantial pullback. All this adds question marks to the wisdom of entering a trade right now. So, let's sit back and see what happens.

FE hit TP1 before the news release. Half closed. Half BE

Nice wok mate...

Get ready to b humble if a losing trade comes too..

Sonic

Just closed this short trade. All per attached pic.

what do you think?

Just closed this trade per attached chart.

where you can download your new indicators?

They have been in-work for months and I believe they are close to being ready for release. I may need two more weekends to wrap things up.

TP2 hit. Second half closed.
Thanks Sonic, i am trying to use your strategy as well as your attitude.

GU:

My only running trade now is the short trade on GU. This bugger just does not want to fall while EU is tumbling down. And I cannot believe the Euro is suddenly so much weaker than the Pound. Could be the market movers continue to support the Pound, but now only to hold up its price while building their short positions. The Weekly shows PA at the bottom of a channel. And the bid line shows PA is in a long terrm SR area. Could be the market movers will cause a precipitous fall when they are ready. Anyway, I am holding onto this short trade, and setting no targets for the time being.

WARNING: Speculation.

Just closed GU short trade because after previous post PA started down again. Since it seems stalled just above the whole number, and because prime trading hours are already ended, I decided to protect profits.

fantastic results Tah,great market analysis

Thank you, Doncex. That GU trade was starting to weigh heavily on me....kept adding at swing highs. But, finally it came to gold. I expect more downside now. Not just on GU, but on EJ and EU, also. The turning tide is now apparent.

Market Comment:

Yesterday the market gave up good moves. And I would expect more in the same directions moving on into the winter. For today (Wednesday) there is no telling what the scorecard says. But retraces are very likely. Also, Thursday is a USD bank holiday for Thanksgiving. So things could be choppy, or flat.

If the market movers want to reclaim some of the ground lost yesterday before any more huge moves, they might first make a second move to create double bottoms, or tops. After a big move, some uncertainty can creep in. Over the next few days would be a good time to be extra careful and take your signals from the PA during SonicR Approved Trading Hours.

At this writing EJ, EU and GU are all pulling up a bit during the early asian session. And there could be an upside move today. But, it is possible the euro traders will knock the price down again (double bottoms?) before attempitng any nice retrace on yesterday's moves.

Be extra careful thru the rest of this week. Today may be choppy and the rest of the week may go flat.