Sonic R. System

I'm done trading for the week. Have a great weekend everyone.

European financial leaders on Sunday approved an 85-billion-euro, or $112.53 billion, aid package for debt-crisis-stricken Ireland.

The agreement was announced at a European Union finance ministers’ meeting in Brussels.

Might be a gap?

You were right, dksolo. EJ and EU gapped. Not much, but some. I still have shorts on these two. Usually my SL is mental, so they are still running. IMHO, the gap is just the PPMs (Central Bank trading desks this time) making a no-cost pump to slightly higher ground for closing longs and going short again.

WARNING: Speculation!

EU:

The M15 shows they only dared gap it up to previous support (turned resistance).....the euro is in big trouble.

The M1 shows once they got it up there, they started shorting the hell out of it!

EU:

Gapped it up (cheating!) Shorted the dickens out of it! Then drove it down hard! Lots of trading for that time of the asian session, especially so early in the week. I guess there is no guessing now what is thought of the euro! Anyway, after all those manipulation shenanegans, price is right back where is was Friday.

50 pips profit on this trade. This was one of the two left running into the close last week. I look now for a good pullup (euro session?) for another setup.

EU:

Initated new short trade. PA came back up to retest lower TL, and which is also the FR 50%-62% retrace area of the move down this session.

Edit: PA seems consolidating in EP zone (updated chart).

Potential EJ trade.

Yes. As EU did, EJ broke TL and came back up to retest it, the upside move being, so far, a FR 50-62% retrace of the session move down.

EU SonicR short setup per attached chart.

EJ is a SonicR short setup, first posted by TradeWell. PA now in EP zone (1st chart). I am already short this from Friday (2nd chart). You can see the higher than average trading activity associated with the gap up and following hard thrust down. Those responsible for the gap up, just so they could close longs and short the dickens out of it, I am sure are looking for more than just 60 or so pips profit. We'll see.

EU:

Added to short trade. EP avg now 1.3254. PA spent some time in the SonicR EP zone, but the Frankfurt PPMs apparently decided to do one of their famous "Frankfurt Headfakes".
This took PA to the Daily Pivot area, same as the FR 79% area, and as another retest of that previous lower TL. Sure looks like a "pump 'n dump" maneuver.

WARNING: Speculation!

Hi Guys:

I'm long on EU...

TP on confluence: mR1 + R/S + RN (00).

I think that it's a little risky becouse it's against DPV...

Regards.

The trade is progresing goog...

I move my SL below the next swing...

We'll see...

Regards.

edit: TP reached in my first SonicR trade.

with the time change,
UK still opens at 3am EST??

thanks

Yep.

Frankfurt executed the pump....high trading at the highs around the whole number. Looks like the Dump may now be in progress.

Added again to short, so avg EP is now 1.3269.

Hi:

I'm short on GU.

A pinbar is forming on h4 chart + sonicR setup on 15m + vol activity incresing.

we'll see

Regards.

Hello Im waiting gbp/usd short opportunity

Missed a nice long trade on AU this morning.

70 pips profit on this SonicR Short, per attached. This was the other trade from Friday.