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Sonic R. System

  • #16,181
  • Edited 1:43am Dec 27, 2010 1:33am | Edited 1:43am
Hi:

i'm long on EJ...The PA finds support on half number and run up...

We'll see.
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"Being picky only cost your time - not MONEY"...Hans
  • #16,182
  • Dec 27, 2010 1:57am Dec 27, 2010 1:57am
GU SonicR Long Initated:

This one is picture perfect. PA bounce off whole number area, starting first leg of WAVE. Volume picks up at bottom of 2nd leg, driving price up creating the last leg of the WAVE. And the Frankfurt PPMs knock it back for better price acquiring long positions! ...which is where I entered at 1.5426.
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  • #16,183
  • Dec 27, 2010 2:01am Dec 27, 2010 2:01am
AU:

On my 2nd short trade, I added at 1.0054 and new average is 1.0012. My 1st short trade has an average of 0.9933. I might just average all the components of both, and track as just one trade with an average of 0.9972.
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  • #16,184
  • Dec 27, 2010 2:47am Dec 27, 2010 2:47am
GJ:

This is setting up nicely.
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  • #16,185
  • Dec 27, 2010 4:32am Dec 27, 2010 4:32am
Quoting nando_rich
Hi:

i'm long on EJ...The PA finds support on half number and run up...

We'll see.
I moved my SL to BE+1.


Now it's a free trade.
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"Being picky only cost your time - not MONEY"...Hans
  • #16,186
  • Edited 4:52am Dec 27, 2010 4:33am | Edited 4:52am
EU:

60 pips profit on this SonicR long trade, per attached.
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  • #16,187
  • Dec 27, 2010 6:03am Dec 27, 2010 6:03am
GJ:

Boy! The consolidation pattern sure looks bullish, curving up on the bottom. And right in the EP zone, too!
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  • #16,188
  • Dec 27, 2010 6:19am Dec 27, 2010 6:19am
Quoting nando_rich
I moved my SL to BE+1.


Now it's a free trade.
I got tired of waiting and closed it for +10 pips.

Too much indecision in L & R + Whole number zone for my taste.

Regards.
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"Being picky only cost your time - not MONEY"...Hans
  • #16,189
  • Dec 27, 2010 7:40am Dec 27, 2010 7:40am
Quoting traderathome
AU:

We've had quite a story on this one going thru last week. I am bearish on this because PA has been at all-time highs, and there have been PA-volume clues of pumps to short.

So, quess what? The new week opens with a gap down and run down. Of course the PPMs returned pice back to Friday's range, but you can see that they did it on as little volume as possible. They are no longer interested in going long, just hiking the price back up for another round of heavy shorting.

I guess I will remain bearish.
http://www.forexfactory.com/attachme...1&d=1293457185 Is it right?
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  • #16,190
  • Dec 27, 2010 10:50am Dec 27, 2010 10:50am
GU Short trade closed.
PA hit TP finally. +55 pips.
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  • #16,191
  • Dec 27, 2010 2:57pm Dec 27, 2010 2:57pm
Quoting lirongguang
http://www.forexfactory.com/attachme...1&d=1293457185 Is it right?
It was correct at the time, but ran for less than 20 pips, depending on where entry might have been made. However, I do believe the bearish sentiment is correct.

Time and again, over the last week or so, the price has been pumped up for maximum trading at the highs, which indicates the PPMs are in the "Pump and Dump" mode on this one. And it looks like the high relative volume dumps today in the asian and euro sessions are proof of that. Even the US session shows low volume pumps followed by higher volume dumps.

Remember, price has recently touched an all-time high on this pair. So, shorting is a "gold mine" for the PPMs, and that is why the price is consistently repumped. The pumps encourage others to go long, so the PPMs can unload their longs and go short! My belief is that eventually this pair will suddenly drop significantly, as the PPMs "lock out" those that are long and start building huge profits on their shorts. The faster they execute that Dump, the farther the price will have dropped before "Longs" realize what is happening. Therefore, when those "longs" capitulate (sell), the PPMs will be able to close some of their shorts (buy) at greater profit.

The Daily chart depicts just one possible price senario. It is speculative. The M15 chart shows that tomorrow might bring a break, one way or the other.

WARNING: Speculation!
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  • #16,192
  • Dec 27, 2010 3:18pm Dec 27, 2010 3:18pm
Quoting dksolo
GU Short trade closed.
PA hit TP finally. +55 pips.
55 pips profit! Dksolo, that was a beautiful SonicR System trade! Congratulations!
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  • #16,193
  • Edited 4:16pm Dec 27, 2010 3:30pm | Edited 4:16pm
EJ:

Here is an interesting supposition; tomorrow price climbs by at least another 65 pips.

The reasoning is this. Applying the FR study to the first climb after the asian PPMs torpedoed it to buy, price later retraced to the 62% level (low yellow box). Price has been mostly upwards since. The FR study also puts the 162% extension at about 65 pips above the current PA (high yellow box), and 65 pips has been the range today. So, it might be at least the minimum range tomorrow.

I might have to increase my target!

WARNING: Speculation!
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  • #16,194
  • Dec 27, 2010 4:24pm Dec 27, 2010 4:24pm
GJ:

New SonicR long?
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  • #16,195
  • Edited 5:40pm Dec 27, 2010 5:15pm | Edited 5:40pm
EU:

The WAVE has bounced off of Short Term Support. There are two previous areas of high relative activity driving price off the lows. Based upon the Short Term Resistance, which is within the average range, this could be a 100+ pip trade.

But, since it is VERY early in the new day asian session, more spikes down by the asian/euro/US PPMs for buying, could take place. Therefore, I might add on swing lows.

Note that FXDD has upped their spread from just 2 to 4! This could be just for them to make extra profit during the holiday trading, or it could be that their liquidity provider is having an increasingly hard time providing liquidity for trades (everybody going long?), which is very probable.

Edit: Revised pics to show where Short Term S&R came from.

WARNING: Speculation!
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  • #16,196
  • Edited 6:35pm Dec 27, 2010 6:21pm | Edited 6:35pm
60 pips profit on this SonicR System long, per attached. I expect a pullback because the euro/US PPMs will like to get in low for a run up, just like the asian PPMs did.

Edit: I might have closed too soon! This is pushing higher. There are high and medium impact USD releases later, so it could be the PPMs plan to drive it up before, so they can close their longs on the way up, and have high ground to short it back down. Time will tell. But if it does a strong pullback, I plan to re-enter long since the high target has not yet been reached. And there is plenty of time left to reach it before the USD releases.
WARNING: Speculation!
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  • #16,197
  • Dec 27, 2010 6:40pm Dec 27, 2010 6:40pm
hi TAH.. what do think about AUD would it get to the next resistance level @ 10098?
  • #16,198
  • Dec 27, 2010 6:49pm Dec 27, 2010 6:49pm
EJ:

47 pips profit on this SonicR System long trade, per attached. I forgot to revise my TP upwards after my previous post. So the trade closed a bit earlier than I would have preferred.
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  • #16,199
  • Dec 27, 2010 7:08pm Dec 27, 2010 7:08pm
40 pips profit on this SonicR System long trade just closed per attached.
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  • #16,200
  • Dec 27, 2010 7:19pm Dec 27, 2010 7:19pm
Quoting traderathome
It was correct at the time, but ran for less than 20 pips, depending on where entry might have been made. However, I do believe the bearish sentiment is correct.

Time and again, over the last week or so, the price has been pumped up for maximum trading at the highs, which indicates the PPMs are in the "Pump and Dump" mode on this one. And it looks like the high relative volume dumps today in the asian and euro sessions are proof of that. Even the US session shows low volume pumps followed by higher volume dumps.

Remember, price has recently...
THANKS..AUDUSD is going up again.We are waiting for prices DOWN!
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