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Sonic R. System

  • #15,941
  • Dec 17, 2010 12:06am Dec 17, 2010 12:06am
GU Update:

Per attached chart. And take note of the low volume so far. It doesn't appear the big guns have excited any particular move. Therefore, all it is doing is ranging right now. But the volume story off of M1 says the biggest activity is as price approaches highs and as it is driven off the highs. This is indicative of selling; closing longs and acquiring shorts.
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  • #15,942
  • Edited 1:32am Dec 17, 2010 12:55am | Edited 1:32am
Quoting traderathome
EU:

PA has moved up to whole number resistance area. Volume over past two days has been increasing volume on upward thrusts to highs, and spikes on drives down off the highs. The first indicates pumps up with increasing selling as the pump progresses. This would be closing of longs and acquistion of shorts. The later indicates massive shorting off the highs. Both are extremely bearish.

And this is what we are faced with going into prime trading hours today. Personally, I would not be surprised to see the price pumped across the whole number...
Well, there is the pump-to-short executed by the early euro PPMs. One strong thrust to get price past the whole number and from then on they are acquiring shorts at the highs!

Of course, there is always the possibility that intelligent traders suddenly went "long" and continue to go "long" in a concentrated way, now that they have the price up!


Edit: Added 3rd chart. For any Sonikers that still do not believe there is any such thing as "Pump and Dump", there it is. Brought to you by the PPMs that "don't exist".
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  • #15,943
  • Dec 17, 2010 1:30am Dec 17, 2010 1:30am
hi guys,

possible ??
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Patience is the key.
  • #15,944
  • Dec 17, 2010 1:35am Dec 17, 2010 1:35am
Quoting odges
hi guys,

possible ??
AU:

Yes. And even highly likely. See posts #15936 and #15940.

The worse that might happen is that all the expected short setups on this last day of the week, just fizzle out and go nowhere and PA starts ranging. This could happen on a lot of pairs. Being that it is Friday, and that the PPMs sentiment seems to be bearish on euro and bullish on dollar, and that they seem to be shorting accordingly, they might just carry this activity of building their short positions on over into next week. The next good runs might not be until next week.

We'll just have to see what the market decides.
Attached Image
  • #15,945
  • Dec 17, 2010 1:40am Dec 17, 2010 1:40am
Quoting nando_rich
Hi:

I'm long on EU since this morning and now i took a EJ long too.

Regards.
Trade closed with a little profit...+12.

Regards.
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"Being picky only cost your time - not MONEY"...Hans
  • #15,946
  • Dec 17, 2010 1:46am Dec 17, 2010 1:46am
Hi:

I have a pending order on GU like attached pic.

Regards.
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"Being picky only cost your time - not MONEY"...Hans
  • #15,947
  • Dec 17, 2010 1:49am Dec 17, 2010 1:49am
Quoting nando_rich
Trade closed with a little profit...+12.

Regards.
You are to be congratulated, nando_rich, for setting a good example for all Sonikers.

Why? Because in this highly volatile holiday market, you exited a trade that suddenly went bad, before you lost money! You did not make the mistake of hanging on in the hope PA would reverse again. You were quick to react, and your reaction was correct.

Congratulations on a trade properly managed!

As we Sonikers grow in the experience of trading the SonicR method, we will eventually come to the realization that we learned more, and grew more as a successful trader, from our properly managed "12 pip trades", than from our 200 pip trades.

-TAH
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  • #15,948
  • Dec 17, 2010 2:00am Dec 17, 2010 2:00am
Quoting traderathome
You are to be congratulated, nando_rich, for setting a good example for all Sonikers.

Why? Because in this highly volatile holiday market, you exited a trade that suddenly went bad, before you lost money! You did not make the mistake of hanging on in the hope PA would reverse again. You were quick to react, and your reaction was correct.

Congratulations on a trade properly managed!

As we Sonikers grow in the experience of trading the SonicR method, we will eventually come to the realization that we learned more, and grew...
Thanks TAH...I'm still trying to learn to be a good soniker.

Regards.
"Being picky only cost your time - not MONEY"...Hans
  • #15,949
  • Dec 17, 2010 2:04am Dec 17, 2010 2:04am
Hi, is this possible good setup?
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  • #15,950
  • Dec 17, 2010 2:11am Dec 17, 2010 2:11am
Quoting traderathome
Sonikers, I have drawn a chart based on what Sonic just posted. And the Daily chart shows the 1.548x support level he refers to.

Hope this helps,
-TAH
Happy hunting, TAH..

Sonic
  • #15,951
  • Dec 17, 2010 2:17am Dec 17, 2010 2:17am
Quoting tushka
Hi, is this possible good setup?

PA is going tight range, plus big fat vol..
Tonight(for US,today) gonna be a big show down.

Sonic
  • #15,952
  • Dec 17, 2010 2:17am Dec 17, 2010 2:17am
Quoting tushka
Hi, is this possible good setup?
See posts #15937, #15938, and #15941. It is very possible today PA will go flat, and just range. Time will tell.

As Sonic says, let the market decide. At this point PA is neutral. If it moves, it could be either way. So we wait and see. That is all we can do.
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  • #15,953
  • Dec 17, 2010 2:19am Dec 17, 2010 2:19am
Quoting Basber
Closed one of the 1/5 s because of the S&R.
Till now :
TP1 : +128 pips (hit)
TP2 : +201 pips (hit)
TP3 @ 1.3030

SL still @ BE.

Regards,
Basber
Good work mate.
Just a question. Do you use any indy to draw the S/R zones or you do it manulay?
Thanks
Follow my trading on Twitter and FB: @pumlitch
  • #15,954
  • Dec 17, 2010 2:23am Dec 17, 2010 2:23am
Quoting Pumlitch
Good work mate.
Just a question. Do you use any indy to draw the S/R zones or you do it manulay?
Thanks
Pumlitch, if you are referring to the blue bands on Basber's black charts, he does them by hand with the MT4 Rectangle Draw tool.
  • #15,955
  • Dec 17, 2010 2:26am Dec 17, 2010 2:26am
Quoting traderathome
Pumlitch, if you are referring to the blue bands on Basber's black charts, he does them by hand with the MT4 Rectangle Draw tool.
I thought so. Thanks TAH.
Follow my trading on Twitter and FB: @pumlitch
  • #15,956
  • Dec 17, 2010 2:32am Dec 17, 2010 2:32am
AU:

Turning bearish.....
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  • #15,957
  • Dec 17, 2010 2:59am Dec 17, 2010 2:59am
Quoting nando_rich
Hi:

I have a pending order on GU like attached pic.

Regards.
My sell stop order has been ejecuted....

We'll see.

Regards.
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"Being picky only cost your time - not MONEY"...Hans
  • #15,958
  • Dec 17, 2010 3:14am Dec 17, 2010 3:14am
GU:

This M30 chart, configured to the M15 Dragon and Trend, clearly shows the high candle starting the Frankfurt session to be with the highest volume. And the M1 (not shown) volume study shows the highest volume bars were at the highest prices during that time frame. This clearly is selling; closing longs and the building of short positions.

So, I cast my vote for bearish. But again, let's follow Sonic's wisdom and wait to see what the market decides. It could go either way, or the PPMs might just decide to carry on all this consolidation into next week. Which means it would just range for the rest of the day. So, we wait and see.
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  • #15,959
  • Dec 17, 2010 4:14am Dec 17, 2010 4:14am
AU:

Executed SonicR entry at 0.9895. Averaged with the components of the early entry average of 0.9915, the total average is now 0.9910. TP is set at 0.9807.
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  • #15,960
  • Dec 17, 2010 4:28am Dec 17, 2010 4:28am
Quoting tushka
Hi, is this possible good setup?
LOL ! It's the most tiniest wave I've seen lately ! Like TAH and SonicDeejay said, it just ranging. I believe wave should be bigger than this ...

Regards,
Basber
Trading methods are designed to put the odds in our favor, not predicting.
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