Sonic R. System

GU:

Today's PA/volume action is dissapating my bearish sentiment. To me, it looks like the drive down was for position building, which has stepped up in two consolidation levels. The stage is set for a break, believe it or not! Too bad it is late in the day and just before holidays. Volume is falling off now, possibly this is it for the day, week, month (?). But one never knows!

GJ:

As with GU (above post) it looks like the drive down was for position building. So, what we have here is the London PPMs investing heavily in the Pound side of these pairs, driving both down in price to do so. If this is correct (and PA sure looks that way on both) this is a good indication that some good upside moves are coming and that these PPMs know it.

so what is there to say Let us see just what it once on the formation of two candles preparing the sleigh slides with slides

The next to last candle was a selloff (shorting so heavily that it drove the price down). The last candle was pumping the price back up for more shorting. This is a "gold mine" (pun intended on aussie gold dependency) for the PPMs building shorts. They'll keep it up as long as they can, at these high prices. And because there is no honor among thieves, it will be interesting when the day comes that the greedy PPMs are all "eye balling" each other suspiciously, wondering who will be the first to break the pact, and start selling off in earnest.

That's the day you want to be sure you are already short the aussie dollar!

Hi kevinchan,
can you show me your wave analysis?
Thanks
http://www.forexfactory.com/attachme...3&d=1293032071
Andrew

AUD short

pips_buster, here is a suggestion you might find helpful. You have your MT4 icons stacked in four rows, wasting a lot of chart real estate! Put all your groups of icons in a single row at the top. Eliminate non-used and least used icons as necessary to shorten the groups so they will all fit on one row. Remember, many icons are just duplicate ways to access features that can also be accessed either by right clicking on the chart, or by clicking on a word in the word group above the icons.

Is the purpose of your post to inform that you believe AU is a candidate for producing a SonicR short setup sometime soon? Or are you entering a short trade on AU? If the latter, then a better chart would be one showing WAVE, EP and TP and SL.

GJ:

The 1st pic was posted earlier. The 2nd shows a more current WAVE.

GU:

This was posted earlier, and it is still a valid WAVE....a nice big one with lots of volume support.

AU:

This one could get interesting. For the first time in days the PA actually has gone BELOW the daily pivot! And it is coming back up to test that and the S&R area just above! Drum roll, please........

Happy X'mas to all

I didn't trade this week, and I'll not trade till 10th of Jan 2011 ... I needed the break, besides I don't like the price movements in this holidays

Regards,
Basber

Merry Christmas to you, Basber, and to all "Sonicers"!

Don't fret, Basber. I'll hold down the fort 'til your return, O' Lazy One!

Everyone, I pray joy for you over these holidays, and growth with the Sonic R System in the New Year!

Happy Holidays,
Traderathome

GJ:

15 pips profit on this quick SonicR long trade, per attached.

Merry X'mas guys!!
There will be no holiday for me, as I am rushing for my project delivery..


Sonic

AU:

Hey, Basber! This one is setting up like you like 'em! There is the WAVE bouncing down off of Resistance! Nice bit of volume, too, during the construction of the WAVE....for the asian session.

GU:

Updated the WAVE. Another like Basber likes 'em, with the WAVE bouncing up off of Support. Some above average volume here, too.

This is one of my three running trades, and bordering on becoming profitable now.

Merry Christmas to you, Sonicdeejay! May you and your family be safe and at peace. And may your project delivery go as planned.....

Best Wishes,
Traderathome

GJ:

Re-entered per attached.

TraderAtHome,

You are working so hard. I never see you sleep. Whenerver I'm online, I see you online. My timezone is very difference with yours.
I'm still learning from you day by day.

Marry Christmas Super Soniker - TAH - !

Wish you and your family happy, warm and peaceful!

TraderViet

EU:

This is set up, and I have entered per attached. Note the price spike down on at least twice the average volume. It is one reason I believe this may present a valid move up.