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Sonic R. System

  • #16,081
  • Dec 22, 2010 2:17am Dec 22, 2010 2:17am
Hi:

i'm long on EU.

we'll see...

Regards
Attached Image (click to enlarge)
Click to Enlarge Name: _22-12-2010_eu_1.gif Size: 32 KB
"Being picky only cost your time - not MONEY"...Hans
  • #16,082
  • Dec 22, 2010 2:44am Dec 22, 2010 2:44am
Quoting traderathome
GU:

There goes a PPM, working on GU....lowered the price to load up on longs.

WARNING: Speculation!
plz sonic, could you explain me what means PPM?
  • #16,083
  • Dec 22, 2010 2:55am Dec 22, 2010 2:55am
Quoting nando_rich
Hi:

i'm long on EU.

we'll see...

Regards
I see your SL Level... Really? @SL -70 pips?

You can accept that risk? I never take a trade with SL more than 40 pips.
  • #16,084
  • Dec 22, 2010 3:11am Dec 22, 2010 3:11am
Quoting TraderViet
I see your SL Level... Really? @SL -70 pips?

You can accept that risk? I never take a trade with SL more than 40 pips.
Everything depends on the lot size .. I like to leave the trades breathing.

I'll move my stop loss up when the trade goes in my favor to minmize the risk.
"Being picky only cost your time - not MONEY"...Hans
  • #16,085
  • Dec 22, 2010 3:14am Dec 22, 2010 3:14am
GU:

PPMs hard at work on this one. Check M1 and confirm highest trading at lowest prices.....TORPEDO AND BUY....BUY.....BUY!

I added to my 1.5472 EP at 1.5448, for an average of 1.5460. No specific TP is yet set. This could continue lower. But the volume is increasing as price drops, which is a good sign that it is not being sold, but is being bought. And the lower it goes, the more it is being bought.

WARNING: Speculation!
Attached Image (click to enlarge)
Click to Enlarge Name: # 050-.gif Size: 34 KB
  • #16,086
  • Dec 22, 2010 3:17am Dec 22, 2010 3:17am
Quoting nando_rich
Hi:

i'm long on EU.

we'll see...

Regards
i think EU now is on consolidation between 49 and 16 n i think he will go down as gu
  • #16,087
  • Dec 22, 2010 3:17am Dec 22, 2010 3:17am
EU Short
I am going to stick this wave.
Attached Image (click to enlarge)
Click to Enlarge Name: eu 12 - 22.jpg Size: 107 KB
  • #16,088
  • Dec 22, 2010 3:32am Dec 22, 2010 3:32am
50 pips profit, per attached.
Attached Image (click to enlarge)
Click to Enlarge Name: # 051-.gif Size: 32 KB
  • #16,089
  • Dec 22, 2010 3:43am Dec 22, 2010 3:43am
Quoting traderathome
50 pips profit, per attached.

..did the same mate.

If the 1h candle will close above 129,34 we could see a lot of buying the cross from then on, what do you think?
Still, I see a lot of JPY buying on other crosses and a lot of GBP selling also...

edit: the best pair for the morning definately gbgchf - maybe GBP general weakness could continue on this week
  • #16,090
  • Dec 22, 2010 3:44am Dec 22, 2010 3:44am
GU:

Looks like PPMs torpedoed it, buying all the way down, in advance of the GBP high impact release (which just came out about 14 minutes ago). They must have suspected the release would be good for the Pound, so they manipulated the price down and bought low in advance. That is how they work!

Now PA might be on the rise........
Attached Image (click to enlarge)
Click to Enlarge Name: # 052-.gif Size: 34 KB
  • #16,091
  • Dec 22, 2010 3:51am Dec 22, 2010 3:51am
Quoting traderathome
GU:

PPMs hard at work on this one. Check M1 and confirm highest trading at lowest prices.....TORPEDO AND BUY....BUY.....BUY!

I added to my 1.5472 EP at 1.5448, for an average of 1.5460. No specific TP is yet set. This could continue lower. But the volume is increasing as price drops, which is a good sign that it is not being sold, but is being bought. And the lower it goes, the more it is being bought.

WARNING: Speculation!

Did your stop hold?
  • #16,092
  • Dec 22, 2010 3:51am Dec 22, 2010 3:51am
Quoting traderathome
GU:

Looks like PPMs torpedoed it, buying all the way down, in advance of the GBP high impact release (which just came out about 14 minutes ago). They must have suspected the release would be good for the Pound, so they manipulated the price down and bought low in advance. That is how they work!

Now PA might be on the rise........

Yes...you right...

I'm learning a lot about ppms thanks to you. Now I understand many of the inexplicable movements that previously could not understand.

Greetings.
"Being picky only cost your time - not MONEY"...Hans
  • #16,093
  • Dec 22, 2010 3:59am Dec 22, 2010 3:59am
AU:

Added to this 2nd of my two AU shorts at 0.9997. Average is now 0.9979.
Attached Image (click to enlarge)
Click to Enlarge Name: # 053-.gif Size: 35 KB
  • #16,094
  • Dec 22, 2010 4:04am Dec 22, 2010 4:04am
Quoting tosch10
Did your stop hold?
Stop is charted for suggestion purposes. As I have always said, I seldom use a SL, hardly ever when I am at the computer and certainly never when releases are involved, and for just the reason that you saw....PPMs manipulate in advance of what they believe will be a good move for them! I am in the trade per the attached pic., no SL, and no TP as yet.
Attached Image (click to enlarge)
Click to Enlarge Name: # 054-.gif Size: 34 KB
  • #16,095
  • Dec 22, 2010 5:03am Dec 22, 2010 5:03am
GU:

After the PPMs torpedoed it, they consolidated just above the half number for a while. I'd expect that they are expecting 100 pips out of this, which would place price just above the next higher half number...near the previous highs.

I am not going to be greedy, and have placed my TP just below the upper half number at 1.5544, which represents 80 pips profit on my average cost of 1.5460. The target is well within the average range.

The fly in the ointment is the USD high impact release in about 4 hours. Did the PPMs buy low to run it up before the USD release, when they might reverse it? Or, are they going to keep holding PA down until the USD release, and then launch it? I don't know. Only time will tell.
Attached Image (click to enlarge)
Click to Enlarge Name: # 055-.gif Size: 34 KB
  • #16,096
  • Dec 22, 2010 5:57am Dec 22, 2010 5:57am
Pls, how do you determine Take Profit points?

Thanks.
  • #16,097
  • Dec 22, 2010 7:19am Dec 22, 2010 7:19am
Quoting watchout4me
Pls, how do you determine Take Profit points?

Thanks.
You can take profit at Pivot Points, Daily R/S, Weekly R/S, Trendlines, Round Number or whenever you feel happy! Just by your self.

Regards,

TraderViet
  • #16,098
  • Dec 22, 2010 8:43am Dec 22, 2010 8:43am
just close short trades,,,
GU 93+
EJ 60+
EU 50+

thanks to SonicR,,, 2 days trading this week and 2 days profit
total of 273 pips
30 more and im good,,,
  • #16,099
  • Dec 22, 2010 9:06am Dec 22, 2010 9:06am
Quoting amlavor
just close short trades,,,
GU 93+
EJ 60+
EU 50+

thanks to SonicR,,, 2 days trading this week and 2 days profit
total of 273 pips
30 more and im good,,,
Great,

can u post screen of Trades?

Regard's
  • #16,100
  • Dec 22, 2010 9:35am Dec 22, 2010 9:35am
GU trade as attached.
Attached Image(s) (click to enlarge)
Click to Enlarge Name: kcgu2212.JPG Size: 107 KB
Click to Enlarge Name: kcres2212.JPG Size: 33 KB
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